Cover
Cover - shares | 9 Months Ended | |
Sep. 30, 2021 | Nov. 10, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Sep. 30, 2021 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2021 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 0-28963 | |
Entity Registrant Name | STRATEGIC ACQUISITIONS INC /NV/ | |
Entity Central Index Key | 0000847942 | |
Entity Tax Identification Number | 13-3506506 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 30 Broad Street | |
Entity Address, Address Line Two | 14th Floor | |
Entity Address, City or Town | New York | |
Entity Address, State or Province | NY | |
Entity Address, Postal Zip Code | 10004 | |
City Area Code | (212) | |
Local Phone Number | 878-6532 | |
Title of 12(g) Security | Common Stock | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | true | |
Entity Common Stock, Shares Outstanding | 2,715,000 |
Balance Sheets
Balance Sheets - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash | $ 41,472 | $ 19,530 |
Prepaid expense | 500 | |
Total current assets | 41,472 | 20,030 |
Total assets | 41,472 | 20,030 |
Current liabilities: | ||
Accounts payable | 205 | |
Total current liabilities | 205 | |
Total liabilities | 205 | |
Stockholders’ equity: | ||
Common stock, $0.001 par value; 50,000,000 shares authorized; 2,715,000 and 2,515,000 shares issued and outstanding, respectively | 2,715 | 2,515 |
Additional paid-in capital | 575,688 | 535,888 |
Accumulated deficit | (536,931) | (518,578) |
Total stockholders’ equity | 41,472 | 19,825 |
Total liabilities and stockholders’ equity | $ 41,472 | $ 20,030 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Sep. 30, 2021 | Dec. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, shares issued | 2,715,000 | 2,515,000 |
Common stock, shares outstanding | 2,715,000 | 2,515,000 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Income Statement [Abstract] | ||||
Revenues | ||||
Expenses | ||||
General & Administrative | 4,627 | 4,254 | 18,353 | 17,397 |
General & Administrative – related party | 3,500 | 20,750 | ||
Total Expenses | 4,627 | 7,754 | 18,353 | 38,147 |
Other Income | ||||
Interest Income | 1 | 10 | ||
Total Other Income | 1 | 10 | ||
Net (loss) before provision for taxes | (4,627) | (7,753) | (18,353) | (38,137) |
Income tax provision | ||||
Net (loss) | $ (4,627) | $ (7,753) | $ (18,353) | $ (38,137) |
Net (Loss) Per Common Share – Basic & Fully Diluted | $ 0 | $ 0 | $ (0.01) | $ (0.02) |
Weighted average number of shares of common stock outstanding – Basic & Fully Diluted | 2,562,283 | 2,515,000 | 2,530,934 | 2,515,000 |
Statements of Stockholders' Equ
Statements of Stockholders' Equity (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2019 | $ 2,515 | $ 535,888 | $ (472,038) | $ 66,365 |
Balance, shares at Dec. 31, 2019 | 2,515,000 | |||
Net loss | (17,693) | (17,693) | ||
Ending balance, value at Mar. 31, 2020 | $ 2,515 | 535,888 | (489,731) | 48,672 |
Balance, shares at Mar. 31, 2020 | 2,515,000 | |||
Beginning balance, value at Dec. 31, 2019 | $ 2,515 | 535,888 | (472,038) | 66,365 |
Balance, shares at Dec. 31, 2019 | 2,515,000 | |||
Net loss | (38,137) | |||
Ending balance, value at Sep. 30, 2020 | $ 2,515 | 535,888 | (510,175) | 28,228 |
Balance, shares at Sep. 30, 2020 | 2,515,000 | |||
Beginning balance, value at Mar. 31, 2020 | $ 2,515 | 535,888 | (489,731) | 48,672 |
Balance, shares at Mar. 31, 2020 | 2,515,000 | |||
Net loss | (12,691) | (12,691) | ||
Ending balance, value at Jun. 30, 2020 | $ 2,515 | 535,888 | (502,422) | 35,981 |
Balance, shares at Jun. 30, 2020 | 2,515,000 | |||
Net loss | (7,753) | (7,753) | ||
Ending balance, value at Sep. 30, 2020 | $ 2,515 | 535,888 | (510,175) | 28,228 |
Balance, shares at Sep. 30, 2020 | 2,515,000 | |||
Beginning balance, value at Dec. 31, 2020 | $ 2,515 | 535,888 | (518,578) | 19,825 |
Balance, shares at Dec. 31, 2020 | 2,515,000 | |||
Net loss | (10,126) | (10,126) | ||
Ending balance, value at Mar. 31, 2021 | $ 2,515 | 535,888 | (528,704) | 9,699 |
Balance, shares at Mar. 31, 2021 | 2,515,000 | |||
Beginning balance, value at Dec. 31, 2020 | $ 2,515 | 535,888 | (518,578) | 19,825 |
Balance, shares at Dec. 31, 2020 | 2,515,000 | |||
Net loss | (18,353) | |||
Ending balance, value at Sep. 30, 2021 | $ 2,715 | 575,688 | (536,931) | 41,472 |
Balance, shares at Sep. 30, 2021 | 2,715,000 | |||
Beginning balance, value at Mar. 31, 2021 | $ 2,515 | 535,888 | (528,704) | 9,699 |
Balance, shares at Mar. 31, 2021 | 2,515,000 | |||
Net loss | (3,600) | (3,600) | ||
Ending balance, value at Jun. 30, 2021 | $ 2,515 | 535,888 | (532,304) | 6,099 |
Balance, shares at Jun. 30, 2021 | 2,515,000 | |||
Issuance of common stock on September 8, 2021 at $0.20 per share for cash | $ 150 | 29,850 | 30,000 | |
Issuance of common stock on September 8, 2021 at $0.20 per share for cash, shares | 150,000 | |||
Issuance of common stock on September 13, 2021 at $0.20 per share for cash | $ 50 | 9,950 | 10,000 | |
Issuance of common stock on September 13, 2021 at $0.20 per share for cash, shares | 50,000 | |||
Net loss | (4,627) | (4,627) | ||
Ending balance, value at Sep. 30, 2021 | $ 2,715 | $ 575,688 | $ (536,931) | $ 41,472 |
Balance, shares at Sep. 30, 2021 | 2,715,000 |
Statements of Stockholders' E_2
Statements of Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares | Sep. 13, 2021 | Sep. 08, 2021 |
Statement of Stockholders' Equity [Abstract] | ||
Shares Issued, Price Per Share | $ 0.20 | $ 0.20 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2021 | Mar. 31, 2021 | Sep. 30, 2020 | Mar. 31, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Cash Flows From Operating Activities | ||||||
Net (loss) | $ (4,627) | $ (10,126) | $ (7,753) | $ (17,693) | $ (18,353) | $ (38,137) |
Adjustments to reconcile net (loss) to net cash provided by (used in) operating activities: | ||||||
(Increase) Decrease in prepaid expense | 500 | 1,250 | ||||
Increase (Decrease) in accounts payable | (205) | 932 | ||||
Net cash provided by (used in) operating activities | (18,058) | (35,955) | ||||
Cash Flows From Financing Activities | ||||||
Proceeds from issuance of common stock | 40,000 | |||||
Net cash flows from financing activities | 40,000 | |||||
Net increase (decrease) in cash | 21,942 | (35,955) | ||||
Cash at beginning of the period | $ 19,530 | $ 64,615 | 19,530 | 64,615 | ||
Cash at end of the period | $ 41,472 | $ 28,660 | $ 41,472 | $ 28,660 |
Basis of Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | Note 1. Basis of Presentation The accompanying unaudited financial information as of and for the three and nine months ended September 30, 2021 and 2020 has been prepared in accordance with generally accepted accounting principles (GAAP) in the U.S. for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) as set forth in the instructions to Quarterly Report on Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, such financial information includes all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of our financial position at such date and the operating results and cash flows for such periods. Operating results for the three and nine months ended September 30, 2021 are not necessarily indicative of the results that may be expected for the entire year or for any other subsequent interim period. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to the rules of the SEC. These unaudited financial statements and related notes should be read in conjunction with our audited financial statements for the year ended December 31, 2020 included in the Company’s Annual Report on Form 10-K filed with the SEC on March 31, 2021. The balance sheet at December 31, 2020 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by GAAP in the U.S. for complete financial statements. |
Stockholders_ Equity
Stockholders’ Equity | 9 Months Ended |
Sep. 30, 2021 | |
Equity [Abstract] | |
Stockholders’ Equity | Note 2. Stockholders’ Equity The Company is authorized to issue 50,000,000 0.001 On September 8, 2021, the Company issued 150,000 shares of its Common Stock to three investors in a private placement transaction, for cash in the aggregate amount of $ 30,000 . Two of the investors are also investors in NextCoal International, Inc., the Company’s majority shareholder. On September 13, 2021, the Company issued 50,000 10,000 These two issuances resulted in an aggregate of 200,000 40,000 There were no other issuances of common stock for the period ended September 30, 2021. |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2021 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Note 3. Related Party Transactions The Company may periodically issue payment to certain officers and directors or their affiliates for services in connection with maintaining the company’s financial statements and regulatory status in good standing and evaluating potential business opportunities. For the three- and nine-month periods ended September 30, 2021, there were no For the three-month period ended September 30, 2020, the total payment for services to related parties was: $ 3,000 500 16,000 4,000 750 |
Subsequent Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2021 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 4. Subsequent Events In accordance with ASC Topic 855-10, the Company has analyzed its operations subsequent to September 30, 2021 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. |
Stockholders_ Equity (Details N
Stockholders’ Equity (Details Narrative) - USD ($) | Sep. 13, 2021 | Sep. 08, 2021 | Sep. 30, 2021 | Dec. 31, 2020 |
Defined Benefit Plan Disclosure [Line Items] | ||||
Common stock, shares authorized | 50,000,000 | 50,000,000 | ||
Common stock, par value | $ 0.001 | $ 0.001 | ||
Stock Issued During Period, Value, New Issues | $ 30,000 | |||
Investors [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Stock Issued During Period, Shares, New Issues | 150,000 | |||
Stock Issued During Period, Value, New Issues | $ 30,000 | |||
Additional Investors [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Stock Issued During Period, Shares, New Issues | 50,000 | |||
Stock Issued During Period, Value, New Issues | $ 10,000 | |||
Investors In Private Placement [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Stock Issued During Period, Shares, New Issues | 200,000 | |||
Stock Issued During Period, Value, New Issues | $ 40,000 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Related Party Transaction [Line Items] | ||||
Payment for services | $ 0 | $ 0 | ||
Jonathan Braun [Member] | ||||
Related Party Transaction [Line Items] | ||||
Payment for services | $ 3,000 | $ 16,000 | ||
Marika Tonay [Member] | ||||
Related Party Transaction [Line Items] | ||||
Payment for services | $ 500 | 4,000 | ||
Westminster Securities Corp [Member] | ||||
Related Party Transaction [Line Items] | ||||
Payment for services | $ 750 |