Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Jun. 30, 2019 | |
Details | ||
Registrant CIK | 0001766016 | |
Fiscal Year End | --12-31 | |
Document Type | 10-K | |
Document Annual Report | true | |
Document Period End Date | Dec. 31, 2019 | |
Document Transition Report | false | |
Entity File Number | 333-229638 | |
Entity Registrant Name | Crucial Innovations, Corp. | |
Entity Incorporation, State or Country Code | NV | |
Entity Tax Identification Number | 98-1446012 | |
Entity Address, Address Line One | Xibahe Beili 25 | |
Entity Address, City or Town | Beijing | |
Entity Address, Country | CN | |
Entity Address, Postal Zip Code | 100096 | |
Country Region | 1 | |
City Area Code | 702 | |
Local Phone Number | 4259229 | |
Entity Address, Address Description | Address and telephone number of principal executive offices | |
Phone Fax Number Description | Address and telephone number of principal executive offices | |
Entity Well-known Seasoned Issuer | No | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | false | |
Entity Shell Company | false | |
Entity Public Float | $ 0 | |
Entity Listing, Par Value Per Share | $ 0.0001 | |
Entity Common Stock, Shares Outstanding | 2,417,002 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | FY |
BALANCE SHEET
BALANCE SHEET - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
ASSETS | ||
Related Party Trust Account | $ 1,950 | $ 500 |
Escrow account | 0 | 0 |
Total current assets | 1,950 | 500 |
Developed website, net | 12,047 | 14,000 |
Total Assets | 13,997 | 14,500 |
LIABILITIES | ||
Accounts Payable | 14,000 | 14,000 |
Accounts Payable - Related party | 23,750 | 8,750 |
Director loan | 10,109 | 773 |
Accrued Expenses | 2,000 | 5,000 |
Total current liabilities | 49,859 | 28,523 |
Common Stock, Value | 241 | 160 |
Additional paid-in-capital | 24,919 | 490 |
Accumulated deficit | (61,022) | (14,673) |
Total Stockholders' Equity | (35,862) | (14,023) |
Total Liabilities and Stockholders' Equity | $ 13,997 | $ 14,500 |
BALANCE SHEET - Parenthetical
BALANCE SHEET - Parenthetical - $ / shares | Dec. 31, 2019 | Dec. 31, 2018 |
Details | ||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Shares, Issued | 2,417,002 | 1,600,000 |
Common Stock, Shares, Outstanding | 2,417,002 | 1,600,000 |
STATEMENT OF OPERATIONS
STATEMENT OF OPERATIONS - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Details | ||
Revenue | $ 0 | $ 0 |
Depreciation and Amortization Expense | 1,953 | 0 |
Bank Service Charges | 677 | 0 |
Consulting Service | 15,000 | 0 |
Professional Fees | 28,719 | 14,673 |
Net income (loss) from operations | (46,349) | (14,673) |
Income (Loss) before taxes | (46,349) | (14,673) |
Provision for taxes | 0 | 0 |
Net income (loss) | $ (46,349) | $ (14,673) |
Loss per common share:, Basic and Diluted | $ 0 | $ 0 |
Weighted Average Number of Common Shares Outstanding: Basic and Diluted | 1,872,113 | 1,600,000 |
STATEMENT OF STOCKHOLDER EQUITY
STATEMENT OF STOCKHOLDER EQUITY - USD ($) | Common Stock | Additional Paid-in Capital | Retained Earnings | Total | |
Equity Balance, Starting at Feb. 28, 2018 | $ 0 | $ 0 | $ 0 | $ 0 | |
Shares Outstanding, Starting at Feb. 28, 2018 | 0 | ||||
Shares Granted, Value, Share-based Payment Arrangement, after Forfeiture | [1] | $ 150 | 0 | 0 | 150 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | [1] | 1,500,000 | |||
Stock Issued During Period, Value, New Issues | [2] | $ 10 | 490 | 500 | |
Stock Issued During Period, Shares, New Issues | [2] | 100,000 | |||
Net Income (Loss) | $ 0 | 0 | (14,673) | (14,673) | |
Shares Outstanding, Ending at Dec. 31, 2018 | 1,600,000 | ||||
Equity Balance, Ending at Dec. 31, 2018 | $ 160 | 490 | (14,673) | (14,023) | |
Net Income (Loss) | $ 0 | 0 | (46,349) | (46,349) | |
Shares Outstanding, Ending at Dec. 31, 2019 | 2,417,002 | ||||
Equity Balance, Ending at Dec. 31, 2019 | $ 241 | $ 24,919 | $ (61,022) | $ (35,862) | |
[1] | $0.0001 per share | ||||
[2] | $0.005 per share |
Statement of Cash Flows
Statement of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Operating Activities | ||
Net income (loss) | $ (46,349) | $ (14,673) |
Accrued Expenses | (3,000) | 5,000 |
Accounts Payable | 0 | 14,000 |
Accounts Payable - Related party | 15,000 | 8,750 |
Depreciation and Amortization | 1,953 | 0 |
Net cash provided operating activities | (32,396) | 13,077 |
Investing Activities | ||
Developed Website, net | 0 | (14,000) |
Net cash provided by Investing Activities | 0 | (14,000) |
Financing Activities | ||
Director loan | 9,336 | 773 |
Capital Stock | 24,510 | 650 |
Net cash provided by financing activities | 33,846 | 1,423 |
Net increase in cash and equivalents | 1,450 | 500 |
Cash and Cash Equivalents, at Carrying Value, Beginning Balance | 500 | 0 |
Cash and Cash Equivalents, at Carrying Value, Ending Balance | $ 1,950 | $ 500 |
NOTE 1 - ORGANIZATION AND BASIS
NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION | 12 Months Ended |
Dec. 31, 2019 | |
Notes | |
NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION | NOTE 1 ORGANIZATION AND BASIS OF PRESENTATION Crucial Innovations, Corp. (referred as the Company, we, our) was incorporated in the State of Nevada and established on February 28, 2018. We are a development-stage company formed to commence operations related to the teaching of English. Our office is located at , |
NOTE 2 - GOING CONCERN
NOTE 2 - GOING CONCERN | 12 Months Ended |
Dec. 31, 2019 | |
Notes | |
NOTE 2 - GOING CONCERN | NOTE 2 GOING CONCERN The Companys financial statements have been prepared assuming that it will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As reflected in the financial statements, the Company had an accumulated deficit of $(61,022) at December 31, 2019, a net loss of $(46,349) December 31, 2019. The Company has a cash balance of $1,950 at December 31, 2019. These factors raise substantial doubt about the Companys ability to continue as a going concern. The Company is attempting to commence operations and generate sufficient revenue; however, the Companys cash position may not be sufficient to support the Companys daily operations. Management intends to raise additional funds by way of a private or public offering. While the Company believes in the viability of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Companys ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds by way of a public or private offering. The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
NOTE 3 - SUMMARY OF SIGNIFCANT
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2019 | |
Notes | |
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | NOTE 3 SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES Basis of Presentation The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. The Companys year-end is December 31. Development Stage Company The Company is a development stage company as defined in ASC 915 Development Stage Entities.. The Company is devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. All losses accumulated since inception have been considered as part of the Company's development stage activities. The Company has elected to adopt application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. Upon adoption, the Company no longer presents or discloses inception-to-date information and other remaining disclosure requirements of Topic 915. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company entered a Trust Agreement with the director and set up Related Party Trust Account for holding funds in relation to issuing shares for stock consideration of $1,950. The Company has $1,950 cash as of December 31, 2019. Property, Plant and Equipment The Company records depreciation and amortization when appropriate using straight-line balance method over the estimated useful life of the assets. The estimated useful lives as follows: Capitalized software development 3 years Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property's useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income. Fair Value of Financial Instruments AS topic 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of cash and the Companys loan from shareholder approximates its fair value due to their short-term maturity. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. 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 December 31, 2019, there were no potentially dilutive debt or equity instruments issued or outstanding. Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. Recent Accounting Pronouncements Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying financial statements. |
Property, Plant and Equipment D
Property, Plant and Equipment Disclosure | 12 Months Ended |
Dec. 31, 2019 | |
Notes | |
Property, Plant and Equipment Disclosure | Note 4 PROPERTY, PLANT AND EQUIPMENT Property, Plant and Equipment December 31,2019 December 31,2018 Website Development $14,000 $14,000 Amortization 1,953 - Website Development, net $12,047 $14,000 Our depreciation schedule is such that 14,000 over 5 years $ 217 monthly. Initial phases of design and development of the website have been completed and placed in service. |
Note 5 - LOAN FROM DIRECTOR
Note 5 - LOAN FROM DIRECTOR | 12 Months Ended |
Dec. 31, 2019 | |
Notes | |
Note 5 - LOAN FROM DIRECTOR | Note 5 LOAN FROM DIRECTOR As of December 31, 2019, the Company owed $10,109 to the Companys sole director, Reinis Kosins for the Companys working capital purposes. The amount is outstanding and payable upon request. |
Note 6- TRUST ACCOUNT
Note 6- TRUST ACCOUNT | 12 Months Ended |
Dec. 31, 2019 | |
Notes | |
Note 6- TRUST ACCOUNT | Note 6- TRUST ACCOUNT The Company is utilizing a trust account in RMB currency; it fluctuates immaterial amounts each day and is converted to USD for reporting currency on financial statements. The foreign currency exchange difference is immaterial to these financial statements. |
Note 7 - COMMON STOCK
Note 7 - COMMON STOCK | 12 Months Ended |
Dec. 31, 2019 | |
Notes | |
Note 7 - COMMON STOCK | Note 7 COMMON STOCK The Company has 75,000,000, $0.0001 par value shares of common stock authorized. On September 20, 2018 the Company issued 100,000 shares of common stock to a shareholder for $500 at $0.005 per share through a private placement. In May and June, 2019 the Company issued 471,002 shares of common stock to 20 shareholders for $14,130 at $0.03 per share through a subscription agreement. In September, 2019 the company issued 346,000 shares of common stock to a shareholders for $10,380 at 0.03 per share through a subscription agreement. There were 2,417,002 shares of common stock issued and outstanding as of December 31,2019 . |
Note 8 - COMMITMENTS AND CONTIN
Note 8 - COMMITMENTS AND CONTINGENCIES | 12 Months Ended |
Dec. 31, 2019 | |
Notes | |
Note 8 - COMMITMENTS AND CONTINGENCIES | Note 8 COMMITMENTS AND CONTINGENCIES Our sole officer and director, Reinis Kosins, has agreed to provide his own premise under office needs. He will not take any fee for these premises, it is for free use. |
Note 9 - INCOME TAXES
Note 9 - INCOME TAXES | 12 Months Ended |
Dec. 31, 2019 | |
Notes | |
Note 9 - INCOME TAXES | Note 9 INCOME TAXES On December 22, 2017, the President of the United States signed into law the Tax Cuts and Jobs Act (Tax Reform Act). The legislation significantly changes U.S. tax law by, among other things, lowering corporate income tax rates, implementing a territorial tax system and imposing a transition tax on deemed repatriated earnings of foreign subsidiaries. The Tax Reform Act permanently reduces the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018. As a result of the reduction in the U.S. corporate income tax rate from 34% to 21% under the Tax Reform Act, the Company revalued its ending net deferred tax assets. The reconciliation of income tax benefit (expenses) at the U.S. statutory rate at 21% for the period ended as follows: December 31,2019 December 31,2018 Tax benefit (expenses) at U.S. statutory rate $ (9,733) $ (3,081) Change in valuation allowance 9,733 3,081 Tax benefit (expenses), net $ - $ - The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets are as follows: December31,2019 December31,2018 Net operating loss $ 12,815 $ 3,081 Valuation allowance (12,815) (3,081) Deferred tax assets, net $ - - The Company has accumulated approximately $61,022 of net operating losses (NOL) carried forward to offset future taxable income up to 20 years, if any, in future years which begin to expire in year 2038. 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. |
Note 10 - SUBSEQUENT EVENTS
Note 10 - SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2019 | |
Notes | |
Note 10 - SUBSEQUENT EVENTS | Note 10 SUBSEQUENT EVENTS In accordance with ASC 855-10 the Company has analyzed its operations subsequent to December 31, 2019 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements. |
NOTE 3 - SUMMARY OF SIGNIFCAN_2
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Basis of Presentation (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Policies | |
Basis of Presentation | Basis of Presentation The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. The Companys year-end is December 31. |
NOTE 3 - SUMMARY OF SIGNIFCAN_3
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Development Stage Company (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Policies | |
Development Stage Company | Development Stage Company The Company is a development stage company as defined in ASC 915 Development Stage Entities.. The Company is devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. All losses accumulated since inception have been considered as part of the Company's development stage activities. The Company has elected to adopt application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. Upon adoption, the Company no longer presents or discloses inception-to-date information and other remaining disclosure requirements of Topic 915. |
NOTE 3 - SUMMARY OF SIGNIFCAN_4
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Use of Estimates (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Policies | |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
NOTE 3 - SUMMARY OF SIGNIFCAN_5
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Cash and Cash Equivalents (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Policies | |
Cash and Cash Equivalents | 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 entered a Trust Agreement with the director and set up Related Party Trust Account for holding funds in relation to issuing shares for stock consideration of $1,950. The Company has $1,950 cash as of December 31, 2019. |
NOTE 3 - SUMMARY OF SIGNIFCAN_6
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Property, Plant and Equipment (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Policies | |
Property, Plant and Equipment | Property, Plant and Equipment The Company records depreciation and amortization when appropriate using straight-line balance method over the estimated useful life of the assets. The estimated useful lives as follows: Capitalized software development 3 years Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property's useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income. |
NOTE 3 - SUMMARY OF SIGNIFCAN_7
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Fair Value of Financial Instruments (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Policies | |
Fair Value of Financial Instruments | Fair Value of Financial Instruments AS topic 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of cash and the Companys loan from shareholder approximates its fair value due to their short-term maturity. |
NOTE 3 - SUMMARY OF SIGNIFCAN_8
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Income Taxes (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Policies | |
Income Taxes | Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. |
NOTE 3 - SUMMARY OF SIGNIFCAN_9
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Basic Income (Loss) Per Share (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Policies | |
Basic Income (Loss) Per Share | 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 December 31, 2019, there were no potentially dilutive debt or equity instruments issued or outstanding. |
NOTE 3 - SUMMARY OF SIGNIFCA_10
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Stock-Based Compensation (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Policies | |
Stock-Based Compensation | Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. |
NOTE 3 - SUMMARY OF SIGNIFCA_11
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Recent Accounting Pronouncements (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Policies | |
Recent Accounting Pronouncements | Recent Accounting Pronouncements Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying financial statements. |
Property, Plant and Equipment_2
Property, Plant and Equipment Disclosure: Property, Plant and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Tables/Schedules | |
Property, Plant and Equipment | December 31,2019 December 31,2018 Website Development $14,000 $14,000 Amortization 1,953 - Website Development, net $12,047 $14,000 |
Note 9 - INCOME TAXES_ Schedule
Note 9 - INCOME TAXES: Schedule of Components of Income Tax Expense (Benefit) (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Tables/Schedules | |
Schedule of Components of Income Tax Expense (Benefit) | December 31,2019 December 31,2018 Tax benefit (expenses) at U.S. statutory rate $ (9,733) $ (3,081) Change in valuation allowance 9,733 3,081 Tax benefit (expenses), net $ - $ - |
Note 9 - INCOME TAXES_ Schedu_2
Note 9 - INCOME TAXES: Schedule of Deferred Tax Assets and Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Tables/Schedules | |
Schedule of Deferred Tax Assets and Liabilities | December31,2019 December31,2018 Net operating loss $ 12,815 $ 3,081 Valuation allowance (12,815) (3,081) Deferred tax assets, net $ - - |
NOTE 1 - ORGANIZATION AND BAS_2
NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION (Details) | 12 Months Ended |
Dec. 31, 2019 | |
Details | |
Entity Incorporation, State or Country Code | NV |
Entity Incorporation, Date of Incorporation | Feb. 28, 2018 |
NOTE 2 - GOING CONCERN (Details
NOTE 2 - GOING CONCERN (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Details | |||
Accumulated deficit | $ (61,022) | $ (14,673) | |
Net income (loss) | (46,349) | (14,673) | |
Cash and Cash Equivalents, at Carrying Value | $ 1,950 | $ 500 | $ 0 |
NOTE 3 - SUMMARY OF SIGNIFCA_12
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Cash and Cash Equivalents (Details) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Details | |||
Related Party Trust Account | $ 1,950 | $ 500 | |
Cash and Cash Equivalents, at Carrying Value | $ 1,950 | $ 500 | $ 0 |
NOTE 3 - SUMMARY OF SIGNIFCA_13
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Property, Plant and Equipment (Details) | 12 Months Ended |
Dec. 31, 2019 | |
Details | |
Property, Plant and Equipment, Estimated Useful Lives | 3 |
NOTE 3 - SUMMARY OF SIGNIFCA_14
NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES: Basic Income (Loss) Per Share (Details) | 12 Months Ended |
Dec. 31, 2019USD ($) | |
Details | |
Dilutive Securities, Effect on Basic Earnings Per Share | $ 0 |
Property, Plant and Equipment_3
Property, Plant and Equipment Disclosure: Property, Plant and Equipment (Details) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Details | ||
Website Development | $ 14,000 | $ 14,000 |
Amortization | 1,953 | 0 |
Website Development, net | $ 12,047 | $ 14,000 |
Note 5 - LOAN FROM DIRECTOR (De
Note 5 - LOAN FROM DIRECTOR (Details) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Details | ||
Director loan | $ 10,109 | $ 773 |
Note 7 - COMMON STOCK (Details)
Note 7 - COMMON STOCK (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Entity Common Stock, Shares Outstanding | 2,417,002 | |
Common Stock, Shares, Issued | 2,417,002 | 1,600,000 |
Transaction #1 | ||
Stock Issued During Period, Shares, New Issues | 100,000 | |
Stock Issued | $ 500 | |
Sale of Stock, Price Per Share | $ 0.005 | |
Sale of Stock, Description of Transaction | through a private placement | |
Transaction #2 | ||
Stock Issued During Period, Shares, New Issues | 471,002 | |
Stock Issued | $ 14,130 | |
Sale of Stock, Price Per Share | $ 0.03 | |
Sale of Stock, Description of Transaction | through a subscription agreement | |
Transaction #3 | ||
Stock Issued During Period, Shares, New Issues | 346,000 | |
Stock Issued | $ 10,380 | |
Sale of Stock, Price Per Share | $ 0.03 | |
Sale of Stock, Description of Transaction | through a subscription agreement |
Note 9 - INCOME TAXES_ Schedu_3
Note 9 - INCOME TAXES: Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Details | ||
Tax benefit (expenses) at U.S. statutory rate | $ (9,733) | $ (3,081) |
Change in valuation allowance | 9,733 | 3,081 |
Tax benefit (expenses), net | $ 0 | $ 0 |
Note 9 - INCOME TAXES_ Schedu_4
Note 9 - INCOME TAXES: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Details | ||
Net operating loss | $ 12,815 | $ 3,081 |
Valuation allowance | (12,815) | (3,081) |
Deferred tax assets, net | $ 0 | $ 0 |
Note 9 - INCOME TAXES (Details)
Note 9 - INCOME TAXES (Details) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Details | ||
Accumulated deficit | $ (61,022) | $ (14,673) |