Cover
Cover - shares | 3 Months Ended | |
Oct. 31, 2023 | Mar. 22, 2024 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Oct. 31, 2023 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2024 | |
Current Fiscal Year End Date | --07-31 | |
Entity File Number | 333-258034 | |
Entity Registrant Name | Galaxy Enterprises Inc. | |
Entity Central Index Key | 0001871890 | |
Entity Tax Identification Number | 86-1370102 | |
Entity Incorporation, State or Country Code | WY | |
Entity Address, Address Line One | 1701 Charles Iam Court | |
Entity Address, City or Town | Las Vegas | |
Entity Address, State or Province | NV | |
Entity Address, Postal Zip Code | 89117 | |
City Area Code | 702 | |
Local Phone Number | 596-9628 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | true | |
Entity Common Stock, Shares Outstanding | 4,170,000 |
Balance Sheets (Unaudited)
Balance Sheets (Unaudited) - USD ($) | Oct. 31, 2023 | Jul. 31, 2023 |
Current assets: | ||
Cash | $ 728 | $ 758 |
Prepayments and deposits | 15,000 | 15,000 |
Total current assets | 15,728 | 15,758 |
Total Assets | 15,728 | 15,758 |
Current liabilities: | ||
Accounts payable and accrued liabilities | 21,888 | 19,138 |
Total current liabilities | 21,888 | 19,138 |
Total Liabilities | 21,888 | 19,138 |
STOCKHOLDER’S EQUITY | ||
Common stock: $0.0001 par value, 500,000,000 authorized, 4,170,000 issued and outstanding as of October 31, 2023 and July 31, 2023 | 417 | 417 |
Additional paid in capital | 82,983 | 82,983 |
Accumulated deficit | (89,559) | (86,779) |
Total Stockholder’s Equity | (6,159) | (3,379) |
Total Liabilities and Stockholder’s Equity | $ 15,729 | $ 15,758 |
Balance Sheets (Unaudited) (Par
Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Oct. 31, 2023 | Jul. 31, 2023 |
Statement of Financial Position [Abstract] | ||
Common Stock, Par Value | $ 0.0001 | $ 0.0001 |
Common Stock Shares Authorized | 500,000,000 | 500,000,000 |
Common Stock, Shares, Issued | 4,170,000 | 4,170,000 |
Common Stock, Shares, Outstanding | 4,170,000 | 4,170,000 |
Statement of Comprehensive Inco
Statement of Comprehensive Income Loss (Unaudited) - USD ($) | 3 Months Ended | |
Oct. 31, 2023 | Oct. 31, 2022 | |
Expenses | ||
General and administrative | $ 2,780 | $ 3,518 |
Net Loss | $ (2,780) | $ (3,518) |
Net loss per share – basic and diluted | ||
Weighted average shares outstanding – basic and diluted | 4,170,000 | 4,170,000 |
Statement of Stockholders' Equi
Statement of Stockholders' Equity (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Opening Beginning balance, value at Jul. 31, 2022 | $ 417 | $ 82,983 | $ (79,129) | $ 4,271 |
Opening Balance, shares at Jul. 31, 2022 | 4,170,000 | |||
Issuance of Common Stock | ||||
Net Loss | (3,518) | (3,518) | ||
Closing Ending balance, value at Oct. 31, 2022 | $ 417 | 82,983 | (82,647) | 753 |
Closing Balance, shares at Oct. 31, 2022 | 4,170,000 | |||
Opening Beginning balance, value at Jul. 31, 2023 | $ 417 | 82,983 | (86,779) | (3,379) |
Opening Balance, shares at Jul. 31, 2023 | 4,170,000 | |||
Issuance of Common Stock | ||||
Net Loss | (2,780) | (2,780) | ||
Closing Ending balance, value at Oct. 31, 2023 | $ 417 | $ 82,983 | $ (89,559) | $ (6,159) |
Closing Balance, shares at Oct. 31, 2023 | 4,170,000 |
Statement of Cash Flows (Unaudi
Statement of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Oct. 31, 2023 | Oct. 31, 2022 | |
Statement of Cash Flows [Abstract] | ||
Net loss for the period | $ (2,780) | $ (3,518) |
Change in operating assets and liabilities | ||
Prepayments & deposits | ||
Accounts payable and accrued liabilities | 2,750 | (1,384) |
Net cash used in operating activities | (30) | (4,902) |
Cash flows from financing activities: | ||
Issuance of common stock | ||
Net cash used in financing activities | ||
Change in cash | (30) | (4,902) |
Cash – beginning of period | 758 | 14,795 |
Cash – end of period | 728 | 9,893 |
Cash paid For: | ||
Interest | ||
Income tax |
NATURE AND CONTINUANCE OF OPERA
NATURE AND CONTINUANCE OF OPERATIONS | 3 Months Ended |
Oct. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NATURE AND CONTINUANCE OF OPERATIONS | 1. NATURE AND CONTINUANCE OF OPERATIONS Galaxy Enterprises Inc. (the “Company”) was incorporated in the state of Wyoming on March 24, 2021. The Company is a development stage company that intends to commence business operations by offering real estate management services for clients that focus on cost-efficient operations and tenant retention on a range of properties including Class A, B, and C office space, as well as industrial, manufacturing, retail, and warehousing facilities. The Company’s fiscal year-end is July 31. |
GOING CONCERN
GOING CONCERN | 3 Months Ended |
Oct. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | 2. GOING CONCERN These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $ 89,559 2,780 30 |
INTERIM REPORTING
INTERIM REPORTING | 3 Months Ended |
Oct. 31, 2023 | |
Interim Reporting | |
INTERIM REPORTING | 3. INTERIM REPORTING The unaudited interim financial statements are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted (GAAP) in the United States of America for the interim information. Accordingly, the financial statements do not include all of the information and notes required by GAAP for the complete financial statements. While the information presented is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, result of operation and cash flows for the interim periods presented in accordance with accounting principles generally accepted in the United States of America. All adjustments are of a normal recurring nature. It is suggested that the interim financial statements be read in conjunction with the Company’s year-end July 31, 2023 financial statements. Operating results for the three-month period ended October 31, 2023 are not necessarily indicative of the results that can be expected for the fiscal year ended July 31, 2024. There have been no changes in the accounting policies from those disclosed in the notes to the audited financial statements for the period ended July 31, 2023. |
CAPITAL STOCK
CAPITAL STOCK | 3 Months Ended |
Oct. 31, 2023 | |
Equity [Abstract] | |
CAPITAL STOCK | 4. CAPITAL STOCK The total number of common shares authorized that may be issued by the Company is 500,000,000 0.0001 There was no capital stock activity during the Three Months ended October 31, 2023 and 2022. As of October 31, 2023, there were no issued and outstanding stock options or warrants. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 3 Months Ended |
Oct. 31, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | 5. RELATED PARTY TRANSACTIONS None |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Oct. 31, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | 6. SUBSEQUENT EVENTS None. |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | ||
Oct. 31, 2023 | Oct. 31, 2022 | Jul. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Accumulated deficit | $ 89,559 | $ 86,779 | |
Net loss | 2,780 | $ 3,518 | |
Operating cash outflow | $ 30 | $ 4,902 |
CAPITAL STOCK (Details Narrativ
CAPITAL STOCK (Details Narrative) - $ / shares | Oct. 31, 2023 | Jul. 31, 2023 |
Equity [Abstract] | ||
Common Stock Shares Authorized | 500,000,000 | 500,000,000 |
Common Stock, Par Value | $ 0.0001 | $ 0.0001 |