| Cover - USD ($) | 12 Months Ended | ||
| Jun. 30, 2019 | Sep. 09, 2019 | Dec. 31, 2018 | |
| Cover [Abstract] | |||
| Document Type | 10-K | ||
| Amendment Flag | false | ||
| Document Annual Report | true | ||
| Document Period End Date | Jun. 30, 2019 | ||
| Current Fiscal Year End Date | --06-30 | ||
| Entity File Number | 0-27511 | ||
| Entity Registrant Name | PEREGRINE INDUSTRIES INC | ||
| Entity Central Index Key | 0001061164 | ||
| Entity Incorporation, State or Country Code | FL | ||
| Entity Address, Address Line One | 9171 W. Flamingo Rd | ||
| Entity Address, City or Town | Las Vegas | ||
| Entity Address, State or Province | NV | ||
| Entity Address, Postal Zip Code | 89147 | ||
| City Area Code | 702 | ||
| Local Phone Number | 888-1798 | ||
| Entity Well-known Seasoned Issuer | No | ||
| Entity Voluntary Filers | No | ||
| Entity Current Reporting Status | No | ||
| Entity Interactive Data Current | Yes | ||
| Entity Filer Category | Non-accelerated Filer | ||
| Entity Small Business | true | ||
| Entity Emerging Growth Company | true | ||
| Elected Not To Use the Extended Transition Period | true | ||
| Entity Shell Company | true | ||
| Entity Public Float | $ 52,422 | ||
| Entity Common Stock, Shares Outstanding | 23,002,063 | ||
| Document Fiscal Period Focus | FY | ||
| Document Fiscal Year Focus | 2019 |
| Balance Sheets - USD ($) | Jun. 30, 2019 | Jun. 30, 2018 |
| ASSETS | ||
| Bank | $ 3,000 | $ 3,000 |
| Total current assets | 3,000 | 3,000 |
| Total Assets | 3,000 | 3,000 |
| Current Liabilities | ||
| Accounts payable | 1,024 | |
| Loan - related party | 40,029 | 18,963 |
| Total Current Liabilities | 40,029 | 19,987 |
| Stockholders' deficit | ||
| Preferred stock | ||
| Common stock | 2,300 | 2,300 |
| Additional paid-in capital | 599,384 | 599,384 |
| Accumulated deficit | (638,713) | (618,671) |
| Total stockholders’ deficit | (37,029) | (16,987) |
| Total liabilities and stockholders’ deficit | $ 3,000 | $ 3,000 |
| Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2019 | Jun. 30, 2018 |
| Statement of Financial Position [Abstract] | ||
| Preferred stock, par value per share | $ 0.0001 | $ 0.0001 |
| Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
| Preferred stock, shares issued | ||
| Preferred stock, shares outstanding | ||
| Common stock, par value per share | $ 0.0001 | $ 0.0001 |
| Common stock, shares authorized | 100,000,000 | 100,000,000 |
| Common stock, shares issued | 23,002,043 | 23,002,043 |
| Common stock, shares outstanding | 23,002,043 | 23,002,043 |
| Statements of Operations - USD ($) | 12 Months Ended | |
| Jun. 30, 2019 | Jun. 30, 2018 | |
| Operating expenses | ||
| General and administrative | $ 20,042 | $ 15,963 |
| Total operating expenses | 20,042 | 15,963 |
| Net operating loss | (20,042) | (15,963) |
| Net loss for the year | $ (20,042) | $ (15,963) |
| Basic and diluted net loss per common share | $ 0 | $ 0 |
| Weighted average common shares outstanding - Basic and diluted | 23,002,043 | 21,955,130 |
| Statements of Cash Flows - USD ($) | 12 Months Ended | |
| Jun. 30, 2019 | Jun. 30, 2018 | |
| Cash flows from operating activities: | ||
| Net loss | $ (20,042) | $ (15,963) |
| Adjustments to reconcile net income (loss) to cash used in operating activities: | ||
| Overhead paid directly by related party | 21,066 | 15,963 |
| (Decrease) Increase in accounts payable | (1,024) | 0 |
| Cash flows used in operating activities | 0 | 0 |
| Cash flows from financing activities: | ||
| Cash advances from related parties | 0 | 3,000 |
| Cash generated by financing activities | 0 | 3,000 |
| Cash - beginning of period | 3,000 | 3,000 |
| Cash - end of period | 3,000 | 3,000 |
| Supplementary information | ||
| Cash paid for interest | 0 | 0 |
| Cash paid for income taxes | 0 | 0 |
| Supplementary disclosure for non cash investing and financing activities | ||
| Common stock issued to liquidate debt | $ 0 | $ 443,800 |
| Statement of Shareholders' Deficit - USD ($) | Common Stock | Additional Paid-In Capital | Retained Earnings / Accumulated Deficit | Total |
| Balance common stock, shares at Jun. 30, 2017 | 524,200 | 157,832 | ||
| Balance, value at Jun. 30, 2017 | $ 52 | $ (602,708) | $ (444,824) | |
| Common stock issued to liquidate debt | $ 22,477,843 | $ 2,248 | 441,552 | 443,800 |
| Net loss | (15,963) | $ (15,963) | ||
| Balance common stock, shares at Jun. 30, 2018 | 23,002,043 | 23,002,043 | ||
| Balance, value at Jun. 30, 2018 | $ 2,300 | 599,384 | (618,671) | $ (16,987) |
| Common stock issued to liquidate debt | 0 | |||
| Net loss | (20,042) | $ (20,042) | ||
| Balance common stock, shares at Jun. 30, 2019 | 23,002,043 | 23,002,043 | ||
| Balance, value at Jun. 30, 2019 | $ 2,300 | $ 599,384 | $ (638,713) | $ (37,029) |
| NOTE 1 - ORGANIZATION AND OPERATIONS | 12 Months Ended |
| Jun. 30, 2019 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| NOTE 1 - ORGANIZATION AND OPERATIONS | NOTE 1 - ORGANIZATION AND OPERATIONS Peregrine Industries, Inc. (the "Company") was formed on October 1, 1995 for the purpose of manufacturing residential pool heaters. The Company was formerly located in Deerfield Beach, Florida. Products were primarily sold throughout the United States, Canada, and Brazil. In June 2002, the Registrant and its subsidiaries filed a petition for bankruptcy in the U.S. Bankruptcy Court for the Southern District of Florida. At present, the Company has no business operations and is deemed to be a shell company. The Company had a change in control on July 8, 2013 as a result of the sale by our former principal shareholders, Richard Rubin, Thomas J. Craft, Jr. and Ivo Heiden, of their 324,000 shares of common stock, representing approximately 61.8% of the Company's outstanding common stock, to Dolomite Industries Ltd ("Dolomite"). In connection with the private sale of their shares of common stock to Dolomite on July 2, 2013, Messrs. Rubin and Heiden agreed to waive a total of $224,196 in liabilities owed to them at June 30, 2013. In connection with the change of control transaction, two former principal shareholders transferred and assigned all $195,000 of their two convertible notes to three unaffiliated third parties and one affiliated party. See also note 3. On June 12, 2017, the Board of Directors of the Registrant appointed Mr. Zohar Shpitz as Chief Financial Officer (CFO) of the Registrant. Mr. Shpitz was appointed as CFO in connection with the resignation of Mr. Ofer Naveh as the Registrant's CFO, effective June 19, 2017. On July 21, 2017, new management acquired, 22,477,843 or 97.7% of the issued common restricted shares. The new management is developing a business plan which they anticipate implementing within the current fiscal year. |
| NOTE 2 - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
| Jun. 30, 2019 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| NOTE 2 - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Financial Statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America ("US GAAP"). In the opinion of management, the accompanying audited financial statements include all adjustments, consisting of only normal recurring accruals, necessary for a fair statement of financial position, results of operations, and cash flows. Use of Estimates: The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from the estimates. Earnings per common share : Basic net loss per share is computed using the weighted average number of common shares outstanding during the period. Diluted net loss per common share is computed using the weighted average number of common and dilutive equivalent shares outstanding during the period. Dilutive common equivalent shares consist of options to purchase common stock (only if those options are exercisable and at prices below the average share price for the period) and shares issuable upon the conversion of issued and outstanding preferred stock. Due to the net losses reported, dilutive common equivalent shares were excluded from the computation of diluted loss per share, as inclusion would be anti-dilutive for the periods presented. There were no common equivalent shares required to be added to the basic weighted average shares outstanding to arrive at diluted weighted average shares outstanding as of June 30, 2019 and 2018. Recently Adopted Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations. Related Party Transactions We consider all who own more than 5% shares to be related parties and record any transactions between them and the Company to be related party transactions and disclose such transactions on notes to the Financial Statements. Income taxes The Company follows ASC Topic 740 for recording the provision for income taxes. Deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled. Deferred income tax expenses or benefits are based on the changes in the asset or liability each period. If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized. Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change. Deferred income taxes may arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate. Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. The Company applies a more-likely-than-not recognition threshold for all tax uncertainties. ASC Topic 740 only allows the recognition of those tax benefits that have a greater than fifty percent likelihood of being sustained upon examination by the taxing authorities. As of June 30, 2019, the Company reviewed its tax positions and determined there were no outstanding, or retroactive tax positions with less than a 50% likelihood of being sustained upon examination by the taxing authorities, therefore this standard has not had a material effect on the Company. The Company does not anticipate any significant changes to its total unrecognized tax benefits within the next 12 months. The Company classifies tax-related penalties and net interest as income tax expense. As of June 30, 2019, no income tax expense has been incurred. |
| NOTE 3 - GOING CONCERN | 12 Months Ended |
| Jun. 30, 2019 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| NOTE 3 - GOING CONCERN | NOTE 3 – GOING CONCERN The Company's financial statements have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of business for the foreseeable future. Since adopting "fresh-start" accounting as of September 5, 2002, the Company has accumulated losses aggregating to $638,713, as of June 30, 2019 and has insufficient working capital to meet operating needs for the next twelve months. All of which raise substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustment relating to the recoverability and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company is taking appropriate action to provide the necessary capital to continue its operations. These steps include, but are not limited to: 1) implementation of new business plan 2) focus on sales to minimize the need for capital at this stage; 3) raising equity financing; 4) continuous focus on reductions in cost where possible |
| NOTE 4 - RELATED PARTY TRANSACTIONS | 12 Months Ended |
| Jun. 30, 2019 | |
| Related Party Transactions [Abstract] | |
| NOTE 4 - RELATED PARTY TRANSACTIONS | NOTE 4 – RELATED PARTY TRANSACTIONS On July 17, 2017, Peregrine Industries, Inc., issued a total of 22,477,843 of its restricted common shares, par value $0.0001, to Dolomite Holdings Ltd., the corporate parent and principal shareholder of the Registrant. The Shares were issued upon the conversion by Dolomite, effective July 14, 2017, of principal and accrued interest owed by the Registrant to Dolomite evidenced by convertible notes and other short-term debt in the aggregate amount of $443,718, representing all of the liabilities of the Registrant at its fiscal year-ended June 30, 2017. The issuance of the Shares was made in reliance upon the exemptions provided in Section 4(2) of the Securities Act of 1933, as amended and Regulation S promulgated by the United States Securities and Exchange Commission under the Securities Act of 1933, as amended. Effective July 21, 2017, Dolomite sold, transferred and assigned a total of 22,477,843 restricted shares of the Registrant's common stock, par value $0.0001 that it acquired upon the conversion of all liabilities owed by the Registrant to Dolomite, to four persons, none of whom were affiliated with the Registrant or with Dolomite. The 22,477,843 Shares represented in excess of 97% of the Registrant's total issued and outstanding Shares at July 21, 2017, resulting in a change of control of the Company. During the year ended June 30, 2019, Mace Corporation, a related party has paid a total of $21,066 to service providers, compared to $15,963 paid during the year ended June 30, 2018. The advances were unsecured, non-interest bearing with no stated repayment terms. |
| NOTE 5 - STOCKHOLDERS' DEFICIT | 12 Months Ended |
| Jun. 30, 2019 | |
| Equity [Abstract] | |
| NOTE 5 - STOCKHOLDERS' DEFICIT | NOTE 5 – STOCKHOLDERS’ DEFICIT Common Stock The articles of incorporation authorize the issuance of 100,000,000 shares of common stock, par value $0.0001. All issued shares of common stock are entitled to one vote per share of common stock. None have been issued since July 21, 2017. Preferred Stock The articles of incorporation authorize the issuance of 5,000,000 shares of preferred stock with a par value of $0.0001 per share. None are issued. Stock Based Compensation There were no grants of employee or non-employee stock or options in either fiscal period ended June 30, 2019 or 2018. |
| NOTE 6 - CONVERTIBLE NOTES | 12 Months Ended |
| Jun. 30, 2019 | |
| Debt Disclosure [Abstract] | |
| NOTE 6 - CONVERTIBLE NOTES | NOTE 6 – CONVERTIBLE NOTES In April 2010, we issued two convertible promissory notes in the amount of $97,500 to two shareholders, bearing interest at 12% per annum until paid or converted. Interest was payable upon the maturity date at December 31, 2013. The initial conversion rate of the notes had been $0.10 per share. The notes formalized a like amount due through the accretion of cash advances and the fair value of services provided without cost covering several years. In connection with the change of control transaction, two former principal shareholders transferred and assigned all $195,000 of their two convertible notes to three unaffiliated third parties, of which $159,500 of these convertible notes were subsequently transferred to Dolomite, two convertible notes each in the amount of $8,500 were transferred to two unaffiliated parties and one convertible note in the amount of $18,500 was transferred to a third unaffiliated party. On July 11, 2013, the annual interest rate for the $195,000 of convertible notes was adjusted from 12% to 1%. Interest is payable upon the maturity date at July 1, 2017. The conversion rate of all convertible notes is $0.05 per share. In November 2015, Dolomite purchased the three unaffiliated party notes with principal amount of $35,500 including accrued interest at principal value. As of June 30, 2017, we have four convertible promissory notes outstanding all held by our control shareholder Dolomite totaling $195,000, bearing interest at the rate of 1% per annum until paid or converted. Reference is made to Note 7. Subsequent Events, below with respect to the disclosure that effective July 17, 2017, the four convertible notes together with accrued interest was converted into restricted shares of common stock. On September 12, 2013, we entered into a Loan Agreement with Dolomite under which we receive funding for general operating expenses from time-to-time as needed by the Company. The Dolomite Loan bears interest of 1% per annum and shall be due and payable on a date 366 days from the date of the loan. As of June 30, 2017, the outstanding balance on this loan was $164,356. Reference is made to Note 7. Subsequent Events, below with respect to the disclosure that effective July 17, 2017, the Loan and accrued interest was converted into restricted shares of common stock. In accordance with ASC # 815, Accounting for Derivative Instruments and Hedging Activities, we evaluated the note holder's non-detachable conversion right provision and liquidated damages clause, contained in the terms governing the Note to determine whether the features qualify as an embedded derivative instruments at issuance. Such non-detachable conversion right provision and liquidated damages clause did not need to be accounted as derivative financial instruments. Additionally, since the conversion price was below the current stock price a further evaluation needed to be performed for the existence of a beneficial conversion feature. In April 2010, when the convertible notes were originally issued the price of our stock was $3.99, such price would have created a beneficial conversion feature but as the Company is and has been so thinly traded during the last 3 years, the fair value of the stock price was deemed not to be a fair value for the conversion feature. Management decided that because the Company's ability to continue as a going concern was in question and that it has no revenue sources that the actual sale price was a better measure of fair market value. Based on that decision, no beneficial conversion feature was reflected in the financial statements. |
| NOTE 7 - INCOME TAX | 12 Months Ended |
| Jun. 30, 2019 | |
| Income Tax Disclosure [Abstract] | |
| NOTE 7 - INCOME TAX | NOTE 7 – INCOME TAX Of the total net limitations. The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows: June 30 2019 2018 Deferred tax benefit $ 17,657 $ 13,448 Valuation allowance (17,657 ) $ (13,448 ) Net deferred tax asset $ — $ — |
| NOTE 8 - SUBSEQUENT EVENTS | 12 Months Ended |
| Jun. 30, 2019 | |
| Subsequent Events [Abstract] | |
| NOTE 8 - SUBSEQUENT EVENTS | NOTE 8 – SUBSEQUENT EVENTS Subsequent to June 30, 2019 and through the date when this report was completed, the Company has evaluated subsequent events through the date the financial statements were issued and has not identified any reportable events. |
| NOTE 2 - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
| Jun. 30, 2019 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Basis of Presentation | Basis of Presentation The Financial Statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America ("US GAAP"). In the opinion of management, the accompanying audited financial statements include all adjustments, consisting of only normal recurring accruals, necessary for a fair statement of financial position, results of operations, and cash flows. |
| Use of Estimates: | Use of Estimates: The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from the estimates. |
| Earnings per common share: | Earnings per common share : Basic net loss per share is computed using the weighted average number of common shares outstanding during the period. Diluted net loss per common share is computed using the weighted average number of common and dilutive equivalent shares outstanding during the period. Dilutive common equivalent shares consist of options to purchase common stock (only if those options are exercisable and at prices below the average share price for the period) and shares issuable upon the conversion of issued and outstanding preferred stock. Due to the net losses reported, dilutive common equivalent shares were excluded from the computation of diluted loss per share, as inclusion would be anti-dilutive for the periods presented. There were no common equivalent shares required to be added to the basic weighted average shares outstanding to arrive at diluted weighted average shares outstanding as of June 30, 2019 and 2018. |
| Income taxes | Income taxes The Company follows ASC Topic 740 for recording the provision for income taxes. Deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled. Deferred income tax expenses or benefits are based on the changes in the asset or liability each period. If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized. Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change. Deferred income taxes may arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate. Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. The Company applies a more-likely-than-not recognition threshold for all tax uncertainties. ASC Topic 740 only allows the recognition of those tax benefits that have a greater than fifty percent likelihood of being sustained upon examination by the taxing authorities. As of June 30, 2019, the Company reviewed its tax positions and determined there were no outstanding, or retroactive tax positions with less than a 50% likelihood of being sustained upon examination by the taxing authorities, therefore this standard has not had a material effect on the Company. The Company does not anticipate any significant changes to its total unrecognized tax benefits within the next 12 months. The Company classifies tax-related penalties and net interest as income tax expense. As of June 30, 2019, no income tax expense has been incurred. |
