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Petro USA (PBAJ)

Cover

Cover - shares9 Months Ended
Mar. 31, 2022May 20, 2022
Cover [Abstract]
Document Type10-Q
Amendment Flagfalse
Document Quarterly Reporttrue
Document Transition Reportfalse
Document Period End DateMar. 31,
2022
Document Fiscal Period FocusQ3
Document Fiscal Year Focus2021
Current Fiscal Year End Date--06-30
Entity File Number000-12895
Entity Registrant NamePETRO USA, INC.
Entity Central Index Key0000745543
Entity Tax Identification Number32-0252180
Entity Incorporation, State or Country CodeNV
Entity Address, Address Line One7325 Oswego Road
Entity Address, City or TownLiverpool
Entity Address, State or ProvinceNY
Entity Address, Postal Zip Code13090
City Area Code315
Local Phone Number451-7515
Entity Current Reporting StatusYes
Entity Interactive Data CurrentYes
Entity Filer CategoryNon-accelerated Filer
Entity Small Businesstrue
Entity Emerging Growth Companyfalse
Entity Shell Companytrue
Entity Common Stock, Shares Outstanding200,030,920

Balance Sheets

Balance Sheets - USD ($)Mar. 31, 2022Jun. 30, 2021
Current assets:
Cash and cash equivalents
Total current assets
Total Assets0 0
Current liabilities:
Accounts payable and accrued liabilities21,834 19,075
Promissory note and accrued interest to related party3,724 3,512
Accounts payable- related96,726 88,813
Total current liabilities122,284 111,400
Total liabilities122,284 111,400
Stockholders' deficit:
Preferred stock:  par value $0.0001 per share, 10,000,000 shares authorized, none issued and outstanding
Common stock:  par value $0.0001 per share, 290,000,000 shares authorized, 33,920 shares issued and outstanding3 3
Additional paid-in capital121,677,146 121,677,146
Accumulated deficit(121,799,433)(121,788,549)
Total stockholders' deficit(122,284)(111,400)
Total liabilities and stockholders' deficit $ 0 $ 0

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / sharesMar. 31, 2022Jun. 30, 2021
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share $ 0.0001 $ 0.0001
Preferred Stock, Shares Authorized10,000,000 10,000,000
Preferred Stock, Shares Issued0 0
Preferred Stock, Shares Outstanding0 0
Common Stock, Par or Stated Value Per Share $ 0.0001 $ 0.0001
Common Stock, Shares Authorized290,000,000 290,000,000
Common Stock, Shares, Issued33,920 33,920
Common Stock, Shares, Outstanding33,920 33,920

Statements of Operations

Statements of Operations - USD ($)3 Months Ended9 Months Ended
Mar. 31, 2022Mar. 31, 2021Mar. 31, 2022Mar. 31, 2021
Income Statement [Abstract]
Net revenues
Operating expenses:
General and administrative expenses1,889 540 10,672 29,736
Total operating expenses1,889 540 10,672 29,736
Loss from operations(1,889)(540)(10,672)(29,736)
Other expenses:
 Interest expense(71) (212)
Total other expenses(71) (212)
Income (loss) before income taxes(1,960)(540)(10,884)(29,736)
Income tax expense
Net loss $ (1,960) $ (540) $ (10,884) $ (29,736)
Income (loss) per share – basic and diluted: $ (0.06) $ (0.02) $ (0.35) $ (0.96)
Weighted average number of common shares outstanding - basic and diluted30,920 30,920 30,920 30,920

Statements of Cash Flows

Statements of Cash Flows - USD ($)9 Months Ended
Mar. 31, 2022Mar. 31, 2021
Cash flows from operating activities:
Net income (loss) $ (10,884) $ (29,736)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Issuance of common stock as share-based compensation 7,500
Increase (decrease) in liabilities:
Accounts payable2,759 9,859
Promissory notes and accrued interest212
Accounts payable- related7,913 12,377
Cash provided by (used in) operating activities
Cash flows from financing activities:
Net increase (decrease) in cash and cash equivalent
Cash and cash equivalent - beginning of period
Cash and cash equivalent - end of period
Supplemental Disclosure of Cash Flows Information:
Cash paid during the year for: Interest
Cash paid during the year for: Income taxes

Statement of Changes in Stockho

Statement of Changes in Stockholders Equity - USD ($)Preferred Stock [Member]Common Stock [Member]Additional Paid-in Capital [Member]Retained Earnings [Member]Total
Beginning balance, value at Jun. 30, 2020 $ 0 $ 3 $ 121,669,646 $ (121,760,545) $ (90,896)
Shares, Issued at Jun. 30, 20200 30,218
Net loss (5,346)(5,346)
Ending balance, value at Sep. 30, 2020 $ 3 121,669,646 (121,765,891)(96,242)
Shares, Issued at Sep. 30, 20200 30,218
Shares issued for Services $ 1,000 7,500 7,500
Shares issued for Services, shares1,000,000
Net loss (23,850)(23,850)
Ending balance, value at Dec. 31, 2020 $ 1,000 $ 3 121,677,146 (121,789,741)(112,592)
Shares, Issued at Dec. 31, 20201,000,000 30,920
Net loss (540)(540)
Ending balance, value at Mar. 31, 2021 $ 1,000 $ 3 121,677,146 (121,790,281)(113,132)
Shares, Issued at Mar. 31, 20211,000,000 30,920
Beginning balance, value at Jun. 30, 2021 $ 0 $ 3 121,677,146 (121,788,549)(111,400)
Shares, Issued at Jun. 30, 20210 30,920
Net loss (6,100)(6,100)
Ending balance, value at Sep. 30, 2021 $ 3 121,677,146 (121,794,649)(117,500)
Shares, Issued at Sep. 30, 20210 30,920
Net loss (2,824)(2,824)
Ending balance, value at Dec. 31, 2021 $ 3 121,677,146 (121,797,473)(120,324)
Shares, Issued at Dec. 31, 20210 30,920
Net loss (1,960)(1,960)
Ending balance, value at Mar. 31, 2022 $ 3 $ 121,677,146 $ (121,799,433) $ (122,284)
Shares, Issued at Mar. 31, 20220 30,920

Statement of Changes in Stock_2

Statement of Changes in Stockholders Equity (Parenthetical) - USD ($)3 Months Ended
Mar. 31, 2022Dec. 31, 2021Sep. 30, 2021Mar. 31, 2021Dec. 31, 2020Sep. 30, 2020
Statement of Stockholders' Equity [Abstract]
Net loss $ (1,960) $ (2,824) $ (6,100) $ (540) $ (23,850) $ (5,346)

1. Organization, Description of

1. Organization, Description of Business, and Basis of Accounting9 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]
1. Organization, Description of Business, and Basis of Accounting1. Organization, Description
of Business, and Basis of Accounting Business Organization All State Properties Holdings, Inc., a corporation
(the "Company") was organized under the state of Nevada on April 24, 2008 to conduct business formerly carried on by its predecessor
partnership, All State Properties L.P. (the "Partnership"). The Partnership merged with the Company on May 29, 2008. The Company
acquired all of the assets and assumed all of the liabilities and obligations of the Partnership. At May 29, 2008 each unit, par value
$0.001 $0.0001 The Company's fiscal year end is June 30th. Accounting Basis These financial statements have been prepared on the
accrual basis of accounting following generally accepted accounting principles of the United States of America (“U.S. GAAP”)
consistently applied. The accompanying unaudited condensed interim financial
statements and related notes have been prepared in accordance with U.S. GAAP for interim financial information, and with the rules and
regulations of the United States Securities and Exchange Commission set forth in Article 8 of Regulation S-X. Accordingly, they do not
include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited condensed interim
financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management,
necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative
of the results for the full fiscal year. These unaudited condensed interim financial statements should be read in conjunction with the
financial statements of the Company for the year ended June 30, 2021 and notes thereto contained in our 10-K Annual Report Use of Estimates The preparation of 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 and liabilities and disclosure of contingent. Actual results could differ from those estimates. Income Taxes The Company uses the asset and liability method of
accounting for income taxes. At March 31, 2022 and June 30, 2021, respectively, the deferred tax asset and deferred tax liability accounts. 8 as recorded when material to the financial statements,
are entirely the result of temporary and permanent differences. Temporary differences represent differences in the recognition of assets
and liabilities for tax and financial reporting purposes, primarily share based compensation and loss on settlement of debt. As of March 31, 2022, the deferred tax asset related
to the Company's net operating loss (NOL) carry forward is fully reserved. Due to the provisions of Internal Revenue Code Section 338,
the Company may have no net operating loss carryforwards available to offset financial statement or tax return taxable income in future
periods as a result of a change in control involving 50 percentage points or more of the issued and outstanding securities of the Company. Dividends The Company and has not yet adopted a policy regarding
the payment of dividends. Fair Value of Financial Instruments The carrying value of cash, accounts payable and amounts
due to related party approximates its fair value because of the short maturity of these instruments. Unless otherwise noted, it
is management's opinion the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. The Company accounts for financial instruments in
accordance with the Financial Accounting Standard Board's Accounting Standards Codification Topic 820 – Fair Value Measurements
and Disclosures ("ASC 820"), which establishes a framework for measuring fair value and expands disclosure of fair value measurements.
Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions
that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, this policy established
a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1. Observable inputs such as quoted prices in
active markets; Level 2. Inputs, other than the quoted prices in active
markets, that are observable either directly or indirectly; and Level 3. Unobservable inputs in which there is little
or no market data, which require the reporting entity to develop its own assumptions. The following table presents assets that are measured
and recognized at fair value on a non-recurring basis:
Level 1: None Level 2: None Level 3: None Earnings (Loss) per Share Basic earnings (loss) per share is computed by dividing
the net income (loss) available to common shareholders by the weighted-average number of common shares outstanding during the respective
period presented in our accompanying financial statements. Fully diluted earnings (loss) per share is computed
similar to basic income (loss) per share except that the denominator is increased to include the number of common stock equivalents (primarily
outstanding options and warrants). Common stock equivalents represent the dilutive effect
of the assumed exercise of outstanding stock options and warrants, using the treasury stock method, at either the beginning of the respective
period presented or the date of issuance, whichever is later, and only if the common stock equivalents are considered dilutive based upon
the Company’s net income (loss) position at the calculation date. As of May 31, 2022, and June 30, 2021, the Company
has no issued and outstanding warrants or options.

2. Going Concern

2. Going Concern9 Months Ended
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
2. Going Concern2. Going Concern The accompanying financial statements have been prepared
assuming the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities
in the normal course of business. However, the Company has incurred significant losses and is dependent on obtaining adequate capital
to fund operating losses until it becomes profitable. If the Company is unable to obtain the necessary funding it could cease operations
as a new enterprise. This raises substantial doubt about the Company’s ability to continue as a going concern for a period of one
year from the issuance of these financial statements. These financial statements do not include any adjustments that might result
from this uncertainty.

3. Capital Stock

3. Capital Stock9 Months Ended
Mar. 31, 2022
Equity [Abstract]
3. Capital Stock3. Capital Stock The Company has 10,000,000 $ 0.0001 At March 31, 2022 and June 30, 2021, the company had
33,920 The Company has no other classes of shares authorized
for issuance. At March 31, 2022, and June 30, 2021, there were no outstanding stock options or warrants.

4. Related Party Transactions

4. Related Party Transactions9 Months Ended
Mar. 31, 2022
Related Party Transactions [Abstract]
4. Related Party Transactions4. Related Party Transactions The Amounts due to related parties are advances from
a company controlled by the Company's Chief Executive Officer in order to pay operating expenses of the Company. These advances are non-interest
bearing and payable upon demand.

5. Subsequent Events

5. Subsequent Events9 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]
5. Subsequent Events5. Subsequent
Events On
April 22, 2022, the Company issued Joseph Passalaqua 184,000,000 16,000,000

1. Organization, Description _2

1. Organization, Description of Business, and Basis of Accounting (Policies)9 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]
Business OrganizationBusiness Organization All State Properties Holdings, Inc., a corporation
(the "Company") was organized under the state of Nevada on April 24, 2008 to conduct business formerly carried on by its predecessor
partnership, All State Properties L.P. (the "Partnership"). The Partnership merged with the Company on May 29, 2008. The Company
acquired all of the assets and assumed all of the liabilities and obligations of the Partnership. At May 29, 2008 each unit, par value
$0.001 $0.0001 The Company's fiscal year end is June 30th.
Accounting BasisAccounting Basis These financial statements have been prepared on the
accrual basis of accounting following generally accepted accounting principles of the United States of America (“U.S. GAAP”)
consistently applied. The accompanying unaudited condensed interim financial
statements and related notes have been prepared in accordance with U.S. GAAP for interim financial information, and with the rules and
regulations of the United States Securities and Exchange Commission set forth in Article 8 of Regulation S-X. Accordingly, they do not
include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited condensed interim
financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management,
necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative
of the results for the full fiscal year. These unaudited condensed interim financial statements should be read in conjunction with the
financial statements of the Company for the year ended June 30, 2021 and notes thereto contained in our 10-K Annual Report
Use of EstimatesUse of Estimates The preparation of 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 and liabilities and disclosure of contingent. Actual results could differ from those estimates.
Income TaxesIncome Taxes The Company uses the asset and liability method of
accounting for income taxes. At March 31, 2022 and June 30, 2021, respectively, the deferred tax asset and deferred tax liability accounts. 8 as recorded when material to the financial statements,
are entirely the result of temporary and permanent differences. Temporary differences represent differences in the recognition of assets
and liabilities for tax and financial reporting purposes, primarily share based compensation and loss on settlement of debt. As of March 31, 2022, the deferred tax asset related
to the Company's net operating loss (NOL) carry forward is fully reserved. Due to the provisions of Internal Revenue Code Section 338,
the Company may have no net operating loss carryforwards available to offset financial statement or tax return taxable income in future
periods as a result of a change in control involving 50 percentage points or more of the issued and outstanding securities of the Company.
DividendsDividends The Company and has not yet adopted a policy regarding
the payment of dividends.
Fair Value of Financial InstrumentsFair Value of Financial Instruments The carrying value of cash, accounts payable and amounts
due to related party approximates its fair value because of the short maturity of these instruments. Unless otherwise noted, it
is management's opinion the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. The Company accounts for financial instruments in
accordance with the Financial Accounting Standard Board's Accounting Standards Codification Topic 820 – Fair Value Measurements
and Disclosures ("ASC 820"), which establishes a framework for measuring fair value and expands disclosure of fair value measurements.
Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions
that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, this policy established
a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1. Observable inputs such as quoted prices in
active markets; Level 2. Inputs, other than the quoted prices in active
markets, that are observable either directly or indirectly; and Level 3. Unobservable inputs in which there is little
or no market data, which require the reporting entity to develop its own assumptions. The following table presents assets that are measured
and recognized at fair value on a non-recurring basis:
Level 1: None Level 2: None Level 3: None
Earnings (Loss) per ShareEarnings (Loss) per Share Basic earnings (loss) per share is computed by dividing
the net income (loss) available to common shareholders by the weighted-average number of common shares outstanding during the respective
period presented in our accompanying financial statements. Fully diluted earnings (loss) per share is computed
similar to basic income (loss) per share except that the denominator is increased to include the number of common stock equivalents (primarily
outstanding options and warrants). Common stock equivalents represent the dilutive effect
of the assumed exercise of outstanding stock options and warrants, using the treasury stock method, at either the beginning of the respective
period presented or the date of issuance, whichever is later, and only if the common stock equivalents are considered dilutive based upon
the Company’s net income (loss) position at the calculation date. As of May 31, 2022, and June 30, 2021, the Company
has no issued and outstanding warrants or options.

1. Organization, Description _3

1. Organization, Description of Business, and Basis of Accounting (Details Narrative) - $ / sharesMar. 31, 2022Jun. 30, 2021May 30, 2008May 29, 2008
Accounting Policies [Abstract]
Common Stock, Par or Stated Value Per Share $ 0.0001 $ 0.0001 $ 0.0001 $ 0.001

3. Capital Stock (Details Narra

3. Capital Stock (Details Narrative) - $ / sharesMar. 31, 2022Jun. 30, 2021
Equity [Abstract]
Preferred Stock, Shares Authorized10,000,000 10,000,000
Preferred Stock, Par or Stated Value Per Share $ 0.0001 $ 0.0001
Common Stock, Shares, Outstanding33,920 33,920

5. Subsequent Events (Details N

5. Subsequent Events (Details Narrative)1 Months Ended
Apr. 22, 2022shares
Joseph Passalaqua [Member]
Defined Benefit Plan Disclosure [Line Items]
Shares Issued184,000,000
Remix Ventures L L C [Member]
Defined Benefit Plan Disclosure [Line Items]
Shares Issued16,000,000