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INKI Inky

Document and Entity Information

Document and Entity Information - USD ($)12 Months Ended
Nov. 30, 2020Feb. 01, 2021
Document and Entity Information [Abstract]
Document Type10-K
Amendment Flagfalse
Document Period End DateNov. 30,
2020
Document Fiscal Year Focus2020
Document Fiscal Period FocusFY
Entity Registrant NameINKY INC.
Entity Central Index Key0001753373
Current Fiscal Year End Date--11-30
Entity Filer CategoryNon-accelerated Filer
Entity Public Float $ 0
Entity Common Stock, Shares Outstanding4,958,023
Entity Well-known Seasoned IssuerNo
Entity Voluntary FilersNo
Entity Current Reporting StatusYes
Entity Interactive Data CurrentYes
Entity Shell Companytrue
Entity Small Businesstrue
Entity Emerging Growth Companytrue
Entity Ex Transition Periodtrue

BALANCE SHEETS

BALANCE SHEETS - USD ($)Nov. 30, 2020Nov. 30, 2019
CURRENT ASSETS
Cash and cash equivalent $ 11,312 $ 391
Prepaid expenses379 0
Total Current Assets11,691 391
TOTAL ASSETS11,691 391
Current Liabilities
Related-party loan27,545 16,676
Total Current Liabilities27,545 16,676
Total Liabilities $ 27,545 $ 16,676
STOCKHOLDERS' DEFICIT
Common stock, $0.001 par value, 75,000,000 shares authorized; 4,654,200 and 4,000,000 shares issued and outstanding as of November 30, 2020 and 2019, respectively4,654 4,000
Additional paid-in capital $ 18,972 $ 0
Accumulated deficit(39,480)(20,285)
Total stockholders' deficit(15,854)(16,285)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 11,691 $ 391

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - sharesNov. 30, 2020Nov. 30, 2019
Statement of Financial Position [Abstract]
Common stock shares authorized75,000,000 75,000,000
Common stock shares outstanding4,654,200 4,000,000

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)12 Months Ended
Nov. 30, 2020Nov. 30, 2019
EXPENSES
General and administrative expenses $ 19,195 $ 15,385
Total expenses19,195 15,385
INCOME (LOSS) BEFORE TAX PROVISION(19,195)(15,385)
INCOME TAX PROVISION0 0
NET INCOME (LOSS) $ (19,195) $ (15,385)
WEIGHTED AVERAGE SHARES OUTSTANDING, BASIC AND DILUTED4,111,800 4,000,000
BASIC AND DILUTED NET LOSS PER SHARE $ 0 $ 0

STATEMENT OF CHANGES IN STOCKHO

STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT - 12 months ended Nov. 30, 2020 - USD ($)TotalCommon stockAdditional paid-in capitalAccumulated deficit
Balance at Nov. 30, 2019 $ (16,285) $ 4,000 $ (20,285)
Balance (in shares) at Nov. 30, 20194,000,000
Issuance of common stock for cash19,626 654 18,972
Issuance of common stock for cash (in shares) $ 654,200
Net income (loss) $ (19,195)(19,195)
Balance at Nov. 30, 2020 $ (15,854) $ 4,654 $ 18,972 $ (39,480)
Balance (in shares) at Nov. 30, 20204,654,200

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)12 Months Ended
Nov. 30, 2020Nov. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) $ (19,195) $ (15,385)
Adjustments to reconcile net loss to net cash used in operating activities:
Prepaid rent0 1,950
Prepaid expenses(379)0
Accounts payable0 (2,000)
Net cash flows used in operating activities(19,574)(15,435)
CASH FLOWS FROM FINANCING ACTIVITIES
Related-party loan10,869 10,676
Proceeds from sell of common stock19,626 0
Net cash flows provided by financing activities30,495 10,676
NET DECREASE IN CASH10,921 (4,759)
CASH, BEGINNING OF PERIOD391 5,150
CASH, END OF PERIOD11,312 391
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest0 0
Cash paid for income tax $ 0 $ 0

- Description of Organization a

- Description of Organization and Business Operations12 Months Ended
Nov. 30, 2020
- Description of Organization and Business Operations [Abstract]
- Description of Organization and Business OperationsNote 1 - Description of Organization and Business Operations Inky is a startup corporation, registered under the laws in the State of Nevada on June 12, 2018. Inky (“we,” “us,” or the “Company”) develops, publishes and markets mobile software application for smartphones and tablet devices (“Apps”). Inky is engaged in the mobile applications development area. Inky is an “AR”, app aiming to help users decide what and where to ink without having to regret the tattoo after the fact. The app includes a selection of designs by different tattoo artists that can be tested virtually via the automation of smartphone-powered augmented reality placing pixels on your flesh in real-time. Our principal executive office is located at 24 Penteliss, Limassol 4102, Cyprus. The Company's functional and reporting currency is the U.S. dollar.

- Going Concern

- Going Concern12 Months Ended
Nov. 30, 2020
- Going Concern [Abstract]
- Going ConcernNote 2 - Going Concern The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. As a startup company, the Company had no revenues and incurred losses as of November 30, 2020. The Company currently has limited working capital and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These conditions raise substantial doubt about the Company's ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management's efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern. At this time any results of financial impact of the COVID-19 pandemic cannot be reasonably estimated now but it may have a material adverse impact on our business, financial condition and results of operations.

- Summary of Significant Accoun

- Summary of Significant Accounting Policies12 Months Ended
Nov. 30, 2020
- Summary of Significant Accounting Policies [Abstract]
- Summary of Significant Accounting PoliciesNote 3 - Summary of Significant Accounting Policies Basis of Presentation The accompanying financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the SEC. In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included. The Company's year-end is November 30. Net Income (Loss) Per Common Share The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” Net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. As of November 30, 2020 and 2019, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into shares of common stock and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic loss per share for the periods presented. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires the Company's 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 amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. 15 INKY NOTES TO THE AUDITED FINANCIAL STATEMENTS Note 3 - Summary of Significant Accounting Policies (cont.) Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $11,312 of cash and cash equivalents as of November 30, 2020 ($391 as of November 30, 2019). Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There were no unrecognized tax benefits as of November 30, 2020. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of November 30, 2020 and 2019, no amounts have been accrued for the payment of interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception. Research and Development Policy ASC 730, “Research and Development”, addresses the proper accounting and reporting for research and development costs. It identifies those activities that are to be identified as research and development, the elements of costs that shall be identified with research and development activities, the accounting for these costs, and the financial statement disclosures related to them. Costs and expenses that can be clearly identified as research and development are charged to expense as incurred. Software Development Policy The Company follows the provisions of ASC 985, “Software”, which requires that all costs relating to the purchase or internal development and production of software products to be sold, leased or otherwise marketed, be expensed in the period incurred unless the requirements for technological feasibility have been established. Recent Accounting Pronouncements The Company reviews new accounting standards as issued. Management has not identified any new standards that it believes will have a significant impact on the Company's financial statements.

- Stockholders' Equity

- Stockholders' Equity12 Months Ended
Nov. 30, 2020
- Stockholders' Equity [Abstract]
- Stockholders' EquityNote 4 - Stockholders' Equity Upon formation the total number of shares of all classes of stock which the Company is authorized to issue is Seventy-Five Million (75,000,000) shares of Common Stock, par value $0.001 per share. During the year ended November 30, 2020, the Company issued 654,200 shares of common stock for cash proceeds of $19,626 at $0.03 per share. There were 4,654,200 and 4,000,000 shares of common stock issued and outstanding as of November 30, 2020 and 2019, respectively. 16 INKY NOTES TO THE AUDITED FINANCIAL STATEMENTS

- Related Party Transactions

- Related Party Transactions12 Months Ended
Nov. 30, 2020
- Related Party Transactions [Abstract]
- Related Party TransactionsNote 5 - Related Party Transactions During the year ended November 30, 2019, the Company's director loaned to the Company $10,676. During the year ended November 30, 2020, the Company's director loaned to the Company $10,869. As of November 30, 2020, our sole director has loaned to the Company $27,545. This loan is unsecured, non-interest bearing and due on demand.

- Income Tax Provision

- Income Tax Provision12 Months Ended
Nov. 30, 2020
- Income Tax Provision [Abstract]
- Income Tax ProvisionNote 6 - Income Tax Provision Deferred Tax Assets As of November 30, 2020, the Company had net operating loss (“NOL”) carry-forwards for Federal income tax purposes of $ 39,480 . No tax benefit has been recorded with respect to these net operating loss carry-forwards in the accompanying financial statements as the management of the Company believes that the realization of the Company's net deferred tax assets of approximately $8,291 was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are offset by the full valuation allowance. Deferred tax assets consist primarily of the tax effect of NOL carry-forwards which was used to offset tax payable from prior year's operations. The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding its realization. The current valuation of tax allowance is n/a as of November 30, 2020 and 2019. Components of deferred tax assets are as follows: For the Year Ended November 30, 2020 For the Year Ended November 30, 2019 Net Deferred Tax Asset Non-Current: Net Operating Loss Carry-Forward $ 39,480 $ 20 ,285 Effective tax rate 21 % 21 % Expected Income Tax Benefit from NOL Carry-Forward 8,291 4,260 Less: Valuation Allowance (8,291) (4,260) Deferred Tax Asset, Net of Valuation Allowance $ - $ - Income Tax Provision in the Statement of Operations A reconciliation of the federal statutory income tax rate and the effective income tax rate as a percentage of income before income taxes is as follows: For the Year Ended November 30, 2020 Federal statutory income tax rate 21 % Increase (reduction) in income tax provision resulting from: Net Operating Loss (NOL) carry-forward (21) % Effective income tax rate 0 %

- Subsequent Events

- Subsequent Events12 Months Ended
Nov. 30, 2020
- Subsequent Events [Abstract]
- Subsequent EventsNote 7 - Subsequent Events The Company has evaluated all subsequent events through the date when the financial statements were issued to determine if they must be reported. The Company determined that there were no reportable subsequent events to disclose in these financial statements other than those described below. During December 2020 the Company issued 181,823 shares of common stock for cash proceeds of $5,455 at $0.03 per share. During January 2021 the Company issued 122,000 shares of common stock for cash proceeds of $3,660 at $0.03 per share. 17 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure There was a change in auditors from KSP Group Inc to Heaton & Company, PLLC in December 2019. The change was made with no disagreements between the parties. Item 9A. Controls and Procedures Evaluation of Disclosure Controls and Procedures. The Company 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 assessment was conducted with the participation of our principal executive and principal financial officer of the effectiveness of the design and operation of our disclosure controls and procedures as of November 30, 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. Management's Report on Internal Control over Financial Reporting Management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)). The Company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. Under the supervision and with the participation of management, including the Chief Executive Officer and Chief Financial Officer, the Company conducted an evaluation of the effectiveness of the Company's internal control over financial reporting as of November 30, 2020, using the criteria established in “Internal Control - Integrated Framework” issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO - 2013"). A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company's annual or interim financial statements will not be prevented or detected on a timely basis. In its assessment of the effectiveness of internal control over financial reporting as of November 30, 2020, the Company determined that there were control deficiencies that constituted material weaknesses, as described below. 1. We do not have an Audit Committee - While not being legally obligated to have an audit committee, it is the management's view that such a committee, including a financial expert member, is an utmost important entity level control over the Company's financial statements. Currently the Board of Directors acts in the capacity of the Audit Committee, and does not include a member that is considered to be independent of management to provide the necessary oversight over management's activities. 2. We did not maintain appropriate cash controls - As of November 30, 2020, the Company has not maintained sufficient internal controls over financial reporting for cash, including failure to segregate cash handling and accounting functions, and did not require dual signatures on the Company's bank accounts. Alternatively, the effects of poor cash controls were mitigated by the fact that the Company had limited transactions in its bank accounts. 3. We did not implement appropriate information technology controls - As at November 30, 2020, the Company retains copies of all financial data and material agreements; however, there is no formal procedure or evidence of normal backup of the Company's data or off-site storage of data in the event of theft, misplacement, or loss due to unmitigated factors. Accordingly, the Company concluded that these control deficiencies resulted in a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis by the company's internal controls. As a result of the material weaknesses described above, management has concluded that the Company did not maintain effective internal control over financial reporting as of November 30, 2020 based on criteria established in Internal Control- Integrated Framework issued by COSO. 18 Changes in Internal Controls over Financial Reporting There has been no change in our internal control over financial reporting occurred during the year ended November 30, 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 DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS Our executive officer's and director's and their respective ages are as follows: Ioanna Kallidou- President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director Set forth below is a brief description of the background and business experience of our executive officers and directors for the past five years. IOANNA KALLIDOU Ioanna Kallidou has acted as our President, Chief Executive Officer, Treasurer, Chief Financial Officer, Chief Accounting Officer, Secretary and sole member of our board of directors since our incorporation on June 12, 2018. She is a graduate of the University of Nicosia with Bachelor's degree of Business Administration: Management (2010-2014) and distance Learned of Management Information Systems courses under the University of Nicosia (October 2013-June 2016). Since April 2016 to the incorporation date (April 2016-June 2018), Ms. Kallidou has been a junior software engineer at Crowares Inc. Her responsibilities were the following: clearly and regularly communicate with management and technical support colleagues, maintain and improve the performance of existing software, develop and implement new software programs, design and update software database and test the software products to ensure strong functionality and optimization. Ms. Kallidou has the following skills: modifying existing software to detecting and correcting an errors, improving performance, and upgrading interfaces; consultation with clients regularly regarding projects, proposals, and technical issues that arise during the development process; reports preparation on specifications and activities for each project; well collaboration with other team members to determine the best design specifications and details. DIRECTOR INDEPENDENCE Our board of directors is currently composed of one member, and she does not qualify as an independent director in accordance with the published listing requirements of the NASDAQ Global Market (the Company has no plans to list on the NASDAQ Global Market). The NASDAQ independence definition includes a series of objective tests, such as that the director is not, and has not been for at least three years, one of our employees and that neither the director, nor any of her family members has engaged in various types of business dealings with us. 19 In addition, our board of directors has not made a subjective determination as to our director that no relationships exist which, in the opinion of our board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director, though such subjective determination is required by the NASDAQ rules. Had our board of directors made these determinations, our board of directors would have reviewed and discussed information provided by directors and us with regard to our director's business and personal activities and relationships as they may relate to our management and us. INVOLVEMENT IN CERTAIN LEGAL PROCEEDINGS No director, executive officer, significant employee or control person of the Company has been involved in any legal proceeding listed in Item 401(f) of Regulation S-K in the past 10 years. Item 11. Executive Compensation EXECUTIVE COMPENSATION SUMMARY COMPENSATION TABLE The following table sets forth information regarding each element of compensation that we paid or awarded to our named executive officers for fiscal years November 30, 2020 and 2019: Name and Principal Position Period Salary ($) Bonus ($) Stock Awards ($)* Option Awards ($)* Non-Equity Incentive Plan Compensation ($) Nonqualified Deferred Compensation ($) All Other Compensation ($) Total ($) Ioanna Kallidou, President 201 9 0 0 0 0 0 0 0 0 20 20 0 0 0 0 0 0 0 0 Our sole officer and director has not received monetary compensation since our inception to the date of this prospectus. We currently do not pay any compensation to any officer or any member of our board of directors. EMPLOYMENT AGREEMENTS The Company is not a party to any employment agreement and has no compensation agreement with any officer or director. DIRECTOR COMPENSATION The following table sets forth director compensation as of November 30, 2020 and 2019: Name Period Fees Earned or Paid in Cash ($) Stock Awards ($) Opinion Awards ($) Non-Equity Incentive Plan Compensation ($) Nonqualified Deferred Compensation Earnings ($) All Other Compensation ($) Total ($) Ioanna Kallidou, President 20 19 0 0 0 0 0 0 0 20 20 0 0 0 0 0 0 0 We have not compensated our directors for their service on our Board of Directors since our inception. There are no arrangements pursuant to which directors will be compensated in the future for any services provided as a director. Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters The following table lists, as of the date of this prospectus, the number of shares of common stock of our Company that are beneficially owned by (i) each person or entity known to our Company to be the beneficial owner of more than 5% of the outstanding common stock; (ii) each officer and director of our Company; and (iii) all officers and directors as a group. Information relating to beneficial ownership of common stock by our principal shareholders and management is based upon information furnished by each person using "beneficial ownership" concepts under the rules of the Securities and Exchange Commission. Under these rules, a person is deemed to be a beneficial owner of a security if that person has or shares voting power, which includes the power to vote or direct the voting of the security, or investment power, which includes the power to vote or direct the voting of the security. The person is also deemed to be a beneficial owner of any security of which that person has a right to acquire beneficial ownership within 60 days. 20 Under the Securities and Exchange Commission rules, more than one person may be deemed to be a beneficial owner of the same securities, and a person may be deemed to be a beneficial owner of securities as to which he or she may not have any pecuniary beneficial interest. Except as noted below, each person has sole voting and investment power. The percentages below are calculated based on 4,654,200 shares of our common stock issued and outstanding as of the date of this prospectus. We do not have any outstanding warrant, options or other securities exercisable for or convertible into shares of our common stock. Common Stock 4,000,000 (86%) issued and outstanding to Ioanna Kallidou. Item 13. Certain Relationships and Related Transactions Ms. Kallidou is considered to be a promoter, and currently is the only promoter, of Inky, as that term is defined in the rules and regulations promulgated under the Securities and Exchange Act of 1933. On November 29, 2018 the Company issued 4,000,000 shares of common stock to a director for cash proceeds of $4,000 at $0.001 per share. As of November 30, 2020, Ioanna Kallidou has loaned us $27,545. The loan does not have any term, carries no interest and is not secured. Item 14. Principal Accountant Fees and Services The following table sets forth the fees billed to our company for the years ended November 30, 2020 and 2019 for professional services rendered by Heaton & Company, PLLC, the independent auditor, and KSP Group, Inc., the former independent auditor: Fees 2020 2019 Audit Fees $ 17,000 $ 12,0 3 0 Audit Related Fees - - Tax Fees - - Other Fees - - Total Fees $ 17,000 $ 12,0 3 0 PART IV Item 15. Exhibits Exhibit No. Description 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. 21 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. INKY Date: February 2, 2021 By: /s/ Ioanna Kallidou Ioanna Kallidou Chief Executive Officer (Principal Executive Officer) and Chief Financial Officer (Principal Financial and Accounting Officer) 22

Significant Accounting Policies

Significant Accounting Policies (Policies)12 Months Ended
Nov. 30, 2020
Significant Accounting Policies (Policies) [Abstract]
Basis of PresentationBasis of Presentation The accompanying financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the SEC. In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included. The Company's year-end is November 30.
Net Income (Loss) Per Common ShareNet Income (Loss) Per Common Share The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” Net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. As of November 30, 2020 and 2019, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into shares of common stock and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic loss per share for the periods presented.
Use of EstimatesUse of Estimates The preparation of financial statements in conformity with U.S. GAAP requires the Company's 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 amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. 15 INKY NOTES TO THE AUDITED FINANCIAL STATEMENTS
Cash and Cash EquivalentsCash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $11,312 of cash and cash equivalents as of November 30, 2020 ($391 as of November 30, 2019).
Income TaxesIncome Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There were no unrecognized tax benefits as of November 30, 2020. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of November 30, 2020 and 2019, no amounts have been accrued for the payment of interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.
Research and Development PolicyResearch and Development Policy ASC 730, “Research and Development”, addresses the proper accounting and reporting for research and development costs. It identifies those activities that are to be identified as research and development, the elements of costs that shall be identified with research and development activities, the accounting for these costs, and the financial statement disclosures related to them. Costs and expenses that can be clearly identified as research and development are charged to expense as incurred.
Software Development PolicySoftware Development Policy The Company follows the provisions of ASC 985, “Software”, which requires that all costs relating to the purchase or internal development and production of software products to be sold, leased or otherwise marketed, be expensed in the period incurred unless the requirements for technological feasibility have been established.
Recent Accounting PronouncementsRecent Accounting Pronouncements The Company reviews new accounting standards as issued. Management has not identified any new standards that it believes will have a significant impact on the Company's financial statements.

- Income Tax Provision (Tables)

- Income Tax Provision (Tables)12 Months Ended
Nov. 30, 2020
- Income Tax Provision (Tables) [Abstract]
Components of deferred tax assetsComponents of deferred tax assets are as follows: For the Year Ended November 30, 2020 For the Year Ended November 30, 2019 Net Deferred Tax Asset Non-Current: Net Operating Loss Carry-Forward $ 39,480 $ 20 ,285 Effective tax rate 21 % 21 % Expected Income Tax Benefit from NOL Carry-Forward 8,291 4,260 Less: Valuation Allowance (8,291) (4,260) Deferred Tax Asset, Net of Valuation Allowance $ - $ -
A reconciliation of the federal statutory income tax rate and the effective income tax rate as a percentage of income before income taxes is as followsA reconciliation of the federal statutory income tax rate and the effective income tax rate as a percentage of income before income taxes is as follows: For the Year Ended November 30, 2020 Federal statutory income tax rate 21 % Increase (reduction) in income tax provision resulting from: Net Operating Loss (NOL) carry-forward (21) % Effective income tax rate 0 %

- Subsequent Events (Tables)

- Subsequent Events (Tables)12 Months Ended
Nov. 30, 2020
- Subsequent Events (Tables) [Abstract]
The following table sets forth information regarding each element of compensation that we paid or awarded to our named executive officers for fiscal years November 30, 2020 and 2019The following table sets forth information regarding each element of compensation that we paid or awarded to our named executive officers for fiscal years November 30, 2020 and 2019: Name and Principal Position Period Salary ($) Bonus ($) Stock Awards ($)* Option Awards ($)* Non-Equity Incentive Plan Compensation ($) Nonqualified Deferred Compensation ($) All Other Compensation ($) Total ($) Ioanna Kallidou, President 201 9 0 0 0 0 0 0 0 0 20 20 0 0 0 0 0 0 0 0
The following table sets forth director compensation as of November 30, 2020 and 2019:The following table sets forth director compensation as of November 30, 2020 and 2019: Name Period Fees Earned or Paid in Cash ($) Stock Awards ($) Opinion Awards ($) Non-Equity Incentive Plan Compensation ($) Nonqualified Deferred Compensation Earnings ($) All Other Compensation ($) Total ($) Ioanna Kallidou, President 20 19 0 0 0 0 0 0 0 20 20 0 0 0 0 0 0 0
The following table sets forth the fees billed to our company for the years ended November 30, 2020 and 2019 for professional services rendered by Heaton & Company, PLLC, the independent auditor, and KSP Group, Inc., the former independent auditor:The following table sets forth the fees billed to our company for the years ended November 30, 2020 and 2019 for professional services rendered by Heaton & Company, PLLC, the independent auditor, and KSP Group, Inc., the former independent auditor: Fees 2020 2019 Audit Fees $ 17,000 $ 12,0 3 0 Audit Related Fees - - Tax Fees - - Other Fees - - Total Fees $ 17,000 $ 12,0 3 0

- Summary of Significant Acco_2

- Summary of Significant Accounting Policies (Details Text) - USD ($)Nov. 30, 2020Nov. 30, 2019
Summary Of Significant Accounting Policies Details [Abstract]
The Company had $11,312 of cash and cash equivalents as of November 30, 2020 ($391 as of November 30, 2019). $ 11,312 $ 391

- Stockholders' Equity (Details

- Stockholders' Equity (Details Text) - $ / sharesNov. 30, 2020Nov. 30, 2019
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
During the year ended November 30, 2020, the Company issued 654,200 shares of common stock for cash proceeds of $19,626 at $0.03 per share. $ 19,626
There were 4,654,200 and 4,000,000 shares of common stock issued and outstanding as of November 30, 2020 and 2019, respectively.4,654,200 4,000,000

- Related Party Transactions (D

- Related Party Transactions (Details Text) - USD ($)Nov. 30, 2020Nov. 30, 2019
Related Party Transaction, Due from (to) Related Party, Current [Abstract]
During the year ended November 30, 2019, the Company's director loaned to the Company $10,676. As of November 30, 2020, our sole director has loaned to the Company $27,545. $ 27,545 $ 10,676

- Income Tax Provision (Details

- Income Tax Provision (Details 1) - USD ($)12 Months Ended
Nov. 30, 2020Nov. 30, 2019
Income Tax Expense (Benefit), Continuing Operations [Abstract]
Net Operating Loss Carry-Forward $ 39,480 $ 20,285
Effective tax rate21 21
Expected Income Tax Benefit from NOL Carry-Forward8,291 4,260
Less: Valuation Allowance(8,291)(4,260)
Deferred Tax Asset, Net of Valuation Allowance $ 0 $ 0

- Income Tax Provision (Detai_2

- Income Tax Provision (Details 2)Nov. 30, 2020USD ($)
Accrued Income Taxes [Abstract]
Federal statutory income tax rate $ 21
Effective income tax rate $ 0

- Income Tax Provision (Detai_3

- Income Tax Provision (Details Text)Nov. 30, 2020USD ($)
Income Tax Provision Text Details [Abstract]
As of November 30, 2020, the Company had net operating loss ("NOL") carry-forwards for Federal income tax purposes of $39,480 $ 39,480

- Subsequent Events (Details 1)

- Subsequent Events (Details 1) - USD ($)12 Months Ended
Nov. 30, 2020Nov. 30, 2019
Subsequent Events Details [Abstract]
Audit Fees $ 17,000 $ 12,030
Total Fees $ 17,000 $ 12,030

- Subsequent Events (Details Te

- Subsequent Events (Details Text) - USD ($)Jan. 31, 2021Dec. 31, 2020Nov. 30, 2020
- Stockholders' Equity [Abstract]
During December 2020 the Company issued 181,823 shares of common stock for cash proceeds of $5,455 at $0.03 per share.During January 2021 the Company issued 122,000 shares of common stock for cash proceeds of $3,660 at $0.03 per share.3,660 5,455
As of November 30, 2020, Ioanna Kallidou has loaned us $27,545 $ 27,545