Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Apr. 30, 2019 | Jun. 20, 2019 | Oct. 31, 2018 | |
Details | |||
Registrant CIK | 0001134982 | ||
Fiscal Year End | --04-30 | ||
Registrant Name | PREVENTION INSURANCE COM INC | ||
SEC Form | 10-K/A | ||
Period End date | Apr. 30, 2019 | ||
Tax Identification Number (TIN) | 88-0126444 | ||
Number of common stock shares outstanding | 2,234,465 | ||
Public Float | $ 223,555 | ||
Filer Category | Non-accelerated Filer | ||
Current with reporting | Yes | ||
Interactive Data Current | No | ||
Voluntary filer | No | ||
Well-known Seasoned Issuer | No | ||
Shell Company | true | ||
Small Business | true | ||
Emerging Growth Company | false | ||
Amendment Description | XBRL files are included. | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Entity File Number | 000-32389 | ||
Entity Address, State or Province | NV | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Address, Address Line One | Unit 604 | ||
Entity Address, Address Line Two | Uptown 1, No.1 | ||
Entity Address, City or Town | Jaya | ||
Entity Address, Address Line Three | Selengor | ||
Entity Address, Country | MY | ||
Entity Address, Postal Zip Code | 47400 | ||
Country Region | 60 3 | ||
City Area Code | 7611 | ||
Local Phone Number | 9238 | ||
Amendment Flag | true | ||
Document Fiscal Year Focus | 2019 | ||
Document Fiscal Period Focus | FY |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Apr. 30, 2019 | Apr. 30, 2018 |
Current assets | ||
Cash | $ 0 | $ 0 |
Prepaid expenses | 4,000 | 3,333 |
Total current assets | 4,000 | 3,333 |
Total assets | 4,000 | 3,333 |
Current liabilities | ||
Accounts payable | 2,501 | 8,720 |
Due to related parties | 348,920 | 255,025 |
Total current liabilities | 351,421 | 263,745 |
Total liabilities | 351,421 | 263,745 |
Stockholders' deficit | ||
Common stock, $0.0001 par value; 200,000,000 shares authorized; 2,234,466 shares issued and 2,234,466 shares outstanding* | 223 | 223 |
Additional paid-in capital | 4,642,362 | 4,642,362 |
Treasury stock, 1 share*, at cost | (52,954) | (52,954) |
Accumulated deficit | (4,937,052) | (4,850,043) |
Total stockholders' deficit | (347,421) | (260,412) |
Total liabilities and stockholders' deficit | $ 4,000 | $ 3,333 |
BALANCE SHEETS - Parenthetical
BALANCE SHEETS - Parenthetical - $ / shares | Apr. 30, 2019 | Oct. 04, 2018 | Apr. 30, 2018 |
Details | |||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 | 200,000,000 |
Common Stock, Shares, Issued | 2,234,466 | 2,234,466 | |
Common Stock, Shares, Outstanding | 2,234,466 | 2,234,466 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | |
Apr. 30, 2019 | Apr. 30, 2018 | |
Revenue | ||
Revenue | $ 0 | $ 0 |
General and administrative | 87,009 | 118,216 |
Operating loss | (87,009) | (118,216) |
Net loss | $ (87,009) | $ (118,216) |
Loss per common share - basic and dilutive | $ (0.04) | $ (0.05) |
Weighted average number of common shares outstanding - basic and diluted | 2,234,465 | 2,234,465 |
STATEMENTS OF CHANGES IN STOCKH
STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($) | Preferred Stock | Common Stock | Additional Paid-in Capital | Treasury Stock | Retained Earnings | Total |
Stockholders' Equity Attributable to Parent, Beginning Balance at Apr. 30, 2017 | $ 0 | $ 223 | $ 4,642,362 | $ (52,954) | $ (4,731,827) | $ (142,196) |
Shares, Outstanding, Beginning Balance at Apr. 30, 2017 | 0 | 2,234,466 | ||||
Net loss | $ 0 | $ 0 | 0 | 0 | (118,216) | (118,216) |
Stockholders' Equity Attributable to Parent, Ending Balance at Apr. 30, 2018 | $ 0 | $ 223 | 4,642,362 | (52,954) | (4,850,043) | (260,412) |
Shares, Outstanding, Ending Balance at Apr. 30, 2018 | 0 | 2,234,466 | ||||
Net loss | $ 0 | $ 0 | 0 | 0 | (87,009) | (87,009) |
Stockholders' Equity Attributable to Parent, Ending Balance at Apr. 30, 2019 | $ 0 | $ 223 | $ 4,642,362 | $ (52,954) | $ (4,937,052) | $ (347,421) |
Shares, Outstanding, Ending Balance at Apr. 30, 2019 | 0 | 2,234,466 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Apr. 30, 2019 | Apr. 30, 2018 | |
Cash flows from operating activities: | ||
Net loss | $ (87,009) | $ (118,216) |
Changes in operating assets and liabilities: | ||
Prepaid expenses | (667) | (3,333) |
Accounts payable | (6,219) | 8,201 |
Net cash flows used in operating activities | (93,895) | (113,348) |
Cash flows from financing activities: | ||
Proceeds from advances from related parties | 93,895 | 113,348 |
Net cash flows provided by financing activities | 93,895 | 113,348 |
Net change in cash | 0 | 0 |
Cash and cash equivalents, beginning of period | 0 | 0 |
Cash and cash equivalents, end of period | 0 | 0 |
Interest paid | 0 | 0 |
Income taxes paid | $ 0 | $ 0 |
NOTE 1. SUMMARY OF SIGNIFICANT
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION | 12 Months Ended |
Apr. 30, 2019 | |
Notes | |
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION | NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION Nature of Business Prevention Insurance.Com (the “Company”) was incorporated under the laws of the State of Nevada in 1975 as Vita Plus Industries, Inc. In March 1999, the Company sold its remaining inventory and changed its name to Prevention Insurance.Com. The Company’s business is to pursue a business combination through acquisition, or merger with, an existing company. No assurances can be given that the Company will be successful in locating or negotiating with any target company. Effective May 30, 2018, a change of control occurred with respect to the Company. Pursuant to a Stock Purchase Agreement entered into by and among Chee Chow Teow, EE Meng Teow and Wooi Huat Teow (“Sellers”) and Metrowork Equity Sdn. Bhd., a Malaysian company ("Metrowork "), Metrowork acquired from Sellers all of the shares of common stock held by the Sellers in the Company totaling 15,638,084 shares (representing 70% of the Company’s issued and outstanding shares of common stock). Our sole officer and director, Mr. Chee Chau Ng, is the sole shareholder and officer of Metrowork. On October 4, 2018, the Company filed a Certificate of Amendment to Articles of Incorporation with the Nevada Secretary of State (the “Amendment”) which effectuated the following corporate actions (“Corporate Actions”): ● a reverse split of our outstanding common stock, $0.0001 par value, on a one (1) post-split share for ten (10) pre-split shares basis, and ● increased our authorized shares of common stock, $0.0001 par value, from 100,000,000 to 200,000,000. The Corporate Actions became effective on October 4, 2018 (the “Effective Date”). As it relates to the reverse stock split, on the Effective Date, every 10 shares of issued and outstanding common stock were converted into one share of common stock. No fractional shares were issued in connection with the reverse stock split. Instead, a holder of record of common stock on the Effective Date who would otherwise be entitled to a fraction of a share was, in lieu thereof, entitled to receive a whole share of common stock. As a result of the reverse stock split, the number of issued and outstanding shares of the Company’ s common stock was reduced from 22,340,083 to 2,234,466 shares issued and 22,340,081 to 2,234,465 shares outstanding. All share numbers in this Form 10-K have been retrospectively restated to reflect the impact of this reverse stock split. Basis of Presentation The summary of significant accounting policies is presented to assist in the understanding of the financial statements. These policies conform to accounting principles generally accepted in the United States of America (“GAAP”) and have been consistently applied. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Fair Value of Financial Instruments The fair value of cash and cash equivalents, prepayments and deposits, accounts payable and accrued liabilities approximate the carrying amount of these financial instruments due to their short maturity. Net Loss per Share Calculation Basic net loss per common share (“EPS”) is computed by dividing loss available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing net income by the weighted average shares outstanding, assuming all dilutive potential common shares were issued. Diluted earnings per share is not presented when their effect is anti-dilutive. No potential dilutive securities were issued and outstanding during the years ended April 30, 2019 or 2018. Income Taxes Income taxes are accounted for under the liability method. Under the liability method, future tax liabilities and assets are recognized for the estimated future tax consequences attributable to differences between the amounts reported in the financial statements and their respective tax bases. Future tax assets and liabilities are measured using enacted or substantially enacted income tax rates expected to apply when the asset is realized or the liability settled. Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry-forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax law and rates on the date of enactment. Subsequent Events Subsequent to April 30, 2019, through the date these financial statements were issued, a related party advanced funds totaling $6,151 to the Company to meet its working capital requirements. The Company has evaluated all transactions from April 30, 2019, through the financial statement issuance date for subsequent event disclosure consideration and determined there were no additional significant events requiring disclosure. Recently Accounting Pronouncements There were various accounting standards and interpretations issued recently, none of which are expected to a have a material impact on our financial position, operations or cash flows due to our status as a shell corporation. |
NOTE 2. GOING CONCERN
NOTE 2. GOING CONCERN | 12 Months Ended |
Apr. 30, 2019 | |
Notes | |
NOTE 2. GOING CONCERN | NOTE 2. GOING CONCERN The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. For the year ended April 30, 2019, the Company reported a net loss of $87,009, negative working capital of $347,421 and an accumulated deficit of $4,937,052 as of April 30, 2019. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of these uncertainties. The Company’s ability to continue as a going concern is dependent upon its ability to develop additional sources of capital, locate and complete a merger with another company and ultimately achieve profitable operations. In the interim, the Company intends to rely upon continued advances from the Company’s majority shareholder to fund its working capital needs. No assurances can be given that the Company will be successful in locating or negotiating with any target company or that the majority shareholder will continue to fund the Company’s working capital needs. As a result, there is substantial doubt about the Company’s ability to continue as a going concern. |
NOTE 3. PREPAID EXPENSES
NOTE 3. PREPAID EXPENSES | 12 Months Ended |
Apr. 30, 2019 | |
Notes | |
NOTE 3. PREPAID EXPENSES | NOTE 3. PREPAID EXPENSES |
NOTE 4. ADVANCES DUE TO RELATED
NOTE 4. ADVANCES DUE TO RELATED PARTIES | 12 Months Ended |
Apr. 30, 2019 | |
Notes | |
NOTE 4. ADVANCES DUE TO RELATED PARTIES | NOTE 4. ADVANCES DUE TO RELATED PARTIES During the year ended April 30, 2018, Haspro Holdings Sdn. Bhd., an entity related to the Company’s then controlling shareholders (“Former Affiliate”) advanced funds totaling $17,828 to the Company to meet its working capital requirements. The advances were unsecured, interest free and due on demand. As of April 30, 2018, the Former Affiliate had advanced $159,505 to the Company. During the year ended April 30, 2018, Metrowork, a company owned by the Company’s current sole officer and director, advanced funds totaling $95,520 to the Company to meet its working capital requirements. The advances were unsecured, interest free and due on demand. On June 25, 2018, the Former Affiliate assigned to Metrowork all of its rights to its loan to the Company in the amount of $159,505 and in addition, on that date, forever waived and discharged any and all claims that it has or may have against the Company. During the year ended April 30, 2019, Metrowork advanced a further $93,895 to the Company to meet its working capital requirements, resulting in amounts owed to related parties totaling $348,920 and $255,025 at April 30, 2019 and 2018, respectively. |
NOTE 5. INCOME TAXES
NOTE 5. INCOME TAXES | 12 Months Ended |
Apr. 30, 2019 | |
Notes | |
NOTE 5. INCOME TAXES | NOTE 5. INCOME TAXES Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences, and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company's U.S. Federal income tax rate was 21% and a blended rate of 27% for the years ended April 30, 2019 and 2018, respectively. As a Nevada Corporation, the Company is not subject to State income taxes. Deferred tax assets and valuation allowance at April 30, 2019 and 2018: As of April 30, 2019 2018 Net loss carry forward $308,702 $373,410 Valuation allowance (308,702 ) (373,410 ) Total $ - $ - A provision for income taxes has not been made due to net operating loss carry-forwards of approximately $1,470,000. This carryforward is limited due to the changes in control of the Company that took place in the years ended April 30, 2008, 2016 and 2019 in accordance with the provisions under Internal Revenue Code Section 381. No tax benefit has been reported in the financial statements. The actual provision for income tax differs from the amount using the statutory U.S. Federal income tax rate (21% and 27%, respectively) for the years ended April 30, 2019 and 2018 as follows: Year Ended April 30, 2019 2018 Benefit at U.S. Federal income tax rate $18,272 $31,918 Change in valuation allowance 64,708 6,090 Total $ (82,980) $ (38,008) Current accounting guidance requires the Company to provide a reconciliation of the beginning and ending amount of unrecognized tax impacts related to the sustainability of tax positions taken in current and prior periods. As of April 30, 2019, the Company did not have any tax positions for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease within the next 12 months. The Company includes interest and penalties arising from the underpayment of income taxes in the statements of operations in the provision for income taxes. As of April 30, 2019, the Company had no accrued interest or penalties related to uncertain tax positions. The tax years that remain subject to examination by major taxing jurisdictions are those for the years ended April 30, 2016 through the present. |
NOTE 6. STOCKHOLDERS' DEFICIT
NOTE 6. STOCKHOLDERS' DEFICIT | 12 Months Ended |
Apr. 30, 2019 | |
Notes | |
NOTE 6. STOCKHOLDERS' DEFICIT | NOTE 6. STOCKHOLDERS’ DEFICIT Preferred Stock As of April 30, 2019, the Company was authorized to issue 10,000,000 shares of preferred stock with a par value of $0.0001. No shares of preferred stock were issued or outstanding during the years ended April 30, 2019 and 2018. Common Stock Effective October 4, 2018, the Company: - - As it relates to the reverse stock split, effective October 4, 2018 every 10 shares of issued and outstanding common stock were converted into one share of common stock. No fractional shares were issued in connection with the reverse stock split. Instead, a holder of record of common stock on October 4, 2018 who would otherwise have been entitled to a fraction of a share, received a whole share of common stock. As a result of the reverse stock split, the number of issued and outstanding shares of the Company’s common stock was reduced from 22,340,083 to 2,234,466 shares issued and 22,340,081 to 2,234,465 shares outstanding. All share numbers in these financial statements have been retrospectively restated to reflect the impact of this reverse stock split. Other than adjustments arising from the reverse stock split, no shares of common stock were issued during the years ended April 30, 2019 and 2018. Treasury Stock The Company’s treasury stock comprised one share of common stock acquired at a cost of $52,954. |
NOTE 1. SUMMARY OF SIGNIFICAN_2
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (Policies) | 12 Months Ended |
Apr. 30, 2019 | |
Policies | |
Nature of Business | Nature of Business Prevention Insurance.Com (the “Company”) was incorporated under the laws of the State of Nevada in 1975 as Vita Plus Industries, Inc. In March 1999, the Company sold its remaining inventory and changed its name to Prevention Insurance.Com. The Company’s business is to pursue a business combination through acquisition, or merger with, an existing company. No assurances can be given that the Company will be successful in locating or negotiating with any target company. Effective May 30, 2018, a change of control occurred with respect to the Company. Pursuant to a Stock Purchase Agreement entered into by and among Chee Chow Teow, EE Meng Teow and Wooi Huat Teow (“Sellers”) and Metrowork Equity Sdn. Bhd., a Malaysian company ("Metrowork "), Metrowork acquired from Sellers all of the shares of common stock held by the Sellers in the Company totaling 15,638,084 shares (representing 70% of the Company’s issued and outstanding shares of common stock). Our sole officer and director, Mr. Chee Chau Ng, is the sole shareholder and officer of Metrowork. On October 4, 2018, the Company filed a Certificate of Amendment to Articles of Incorporation with the Nevada Secretary of State (the “Amendment”) which effectuated the following corporate actions (“Corporate Actions”): ● a reverse split of our outstanding common stock, $0.0001 par value, on a one (1) post-split share for ten (10) pre-split shares basis, and ● increased our authorized shares of common stock, $0.0001 par value, from 100,000,000 to 200,000,000. The Corporate Actions became effective on October 4, 2018 (the “Effective Date”). As it relates to the reverse stock split, on the Effective Date, every 10 shares of issued and outstanding common stock were converted into one share of common stock. No fractional shares were issued in connection with the reverse stock split. Instead, a holder of record of common stock on the Effective Date who would otherwise be entitled to a fraction of a share was, in lieu thereof, entitled to receive a whole share of common stock. As a result of the reverse stock split, the number of issued and outstanding shares of the Company’ s common stock was reduced from 22,340,083 to 2,234,466 shares issued and 22,340,081 to 2,234,465 shares outstanding. All share numbers in this Form 10-K have been retrospectively restated to reflect the impact of this reverse stock split. |
Basis of Presentation | Basis of Presentation The summary of significant accounting policies is presented to assist in the understanding of the financial statements. These policies conform to accounting principles generally accepted in the United States of America (“GAAP”) and have been consistently applied. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Fair Values of Financial Instruments | Fair Value of Financial Instruments The fair value of cash and cash equivalents, prepayments and deposits, accounts payable and accrued liabilities approximate the carrying amount of these financial instruments due to their short maturity. |
Net Loss per Share Calculation | Net Loss per Share Calculation Basic net loss per common share (“EPS”) is computed by dividing loss available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing net income by the weighted average shares outstanding, assuming all dilutive potential common shares were issued. Diluted earnings per share is not presented when their effect is anti-dilutive. No potential dilutive securities were issued and outstanding during the years ended April 30, 2019 or 2018. |
Income Taxes | Income Taxes Income taxes are accounted for under the liability method. Under the liability method, future tax liabilities and assets are recognized for the estimated future tax consequences attributable to differences between the amounts reported in the financial statements and their respective tax bases. Future tax assets and liabilities are measured using enacted or substantially enacted income tax rates expected to apply when the asset is realized or the liability settled. Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry-forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax law and rates on the date of enactment. |
Subsequent Events | Subsequent Events Subsequent to April 30, 2019, through the date these financial statements were issued, a related party advanced funds totaling $6,151 to the Company to meet its working capital requirements. The Company has evaluated all transactions from April 30, 2019, through the financial statement issuance date for subsequent event disclosure consideration and determined there were no additional significant events requiring disclosure. |
Recently Accounting Pronouncements | Recently Accounting Pronouncements There were various accounting standards and interpretations issued recently, none of which are expected to a have a material impact on our financial position, operations or cash flows due to our status as a shell corporation. |
NOTE 5. INCOME TAXES (Tables)
NOTE 5. INCOME TAXES (Tables) | 12 Months Ended |
Apr. 30, 2019 | |
Tables/Schedules | |
Schedule of Deferred tax assets and valuation allowance | Deferred tax assets and valuation allowance at April 30, 2019 and 2018: As of April 30, 2019 2018 Net loss carry forward $308,702 $373,410 Valuation allowance (308,702 ) (373,410 ) Total $ - $ - |
Schedule of provision for income tax | Year Ended April 30, 2019 2018 Benefit at U.S. Federal income tax rate $18,272 $31,918 Change in valuation allowance 64,708 6,090 Total $ (82,980) $ (38,008) |
NOTE 1. SUMMARY OF SIGNIFICAN_3
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION: Nature of Business (Details) | Oct. 04, 2018$ / sharesshares | Apr. 30, 2019$ / sharesshares | Apr. 30, 2018$ / sharesshares |
Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.0001 | $ 0.0001 | $ 0.0001 |
Reverse stock split | 10 | ||
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 | 200,000,000 |
Common Stock, Shares, Issued | 2,234,466 | 2,234,466 | |
Common Stock, Shares, Outstanding | 2,234,466 | 2,234,466 | |
Metrowork Equity Sdn | |||
Shares sold under Stock Purchase Agreement | 15,638,084 | ||
Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.0001 | ||
Reverse stock split | 10 | ||
Common Stock, Shares Authorized | 200,000,000 | ||
Common Stock, Shares, Issued | 2,234,466 | ||
Common Stock, Shares, Outstanding | 2,234,465 | ||
Vita Plus Industries | |||
Entity Information, Former Legal or Registered Name | Vita Plus Industries |
NOTE 1. SUMMARY OF SIGNIFICAN_4
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION: Subsequent Events (Details) | 12 Months Ended |
Apr. 30, 2019USD ($) | |
Subsequent Event | |
Proceeds from Related Party Debt | $ 6,151 |
NOTE 2. GOING CONCERN (Details)
NOTE 2. GOING CONCERN (Details) - USD ($) | 12 Months Ended | ||
Apr. 30, 2019 | Apr. 30, 2018 | Apr. 30, 2017 | |
Details | |||
Net loss | $ (87,009) | $ (118,216) | |
Stockholders' Equity Attributable to Parent | (347,421) | (260,412) | $ (142,196) |
Accumulated deficit | $ (4,937,052) | $ (4,850,043) |
NOTE 3. PREPAID EXPENSES (Detai
NOTE 3. PREPAID EXPENSES (Details) - USD ($) | Apr. 30, 2019 | Apr. 30, 2018 |
Details | ||
Prepaid expenses | $ 4,000 | $ 3,333 |
NOTE 4. ADVANCES DUE TO RELAT_2
NOTE 4. ADVANCES DUE TO RELATED PARTIES (Details) - USD ($) | 12 Months Ended | |
Apr. 30, 2019 | Apr. 30, 2018 | |
Due to related parties | $ 348,920 | $ 255,025 |
Haspro Holdings Sdn. Bhd | ||
Proceeds from Related Party Debt | 17,828 | |
Due to related parties | 159,505 | |
Metrowork | ||
Proceeds from Related Party Debt | 93,895 | 95,520 |
Due to related parties | 348,920 | $ 255,025 |
Debt Instrument, Decrease, Forgiveness | $ 159,505 |
NOTE 5. INCOME TAXES (Details)
NOTE 5. INCOME TAXES (Details) - USD ($) | 12 Months Ended | |
Apr. 30, 2019 | Apr. 30, 2018 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 27.00% |
Net loss carry forward | $ 308,702 | $ 373,410 |
Pre Change of Control NOL | ||
Net loss carry forward | $ 1,470,000 |
NOTE 5. INCOME TAXES_ Schedule
NOTE 5. INCOME TAXES: Schedule of Deferred tax assets and valuation allowance (Details) - USD ($) | Apr. 30, 2019 | Apr. 30, 2018 |
Details | ||
Net loss carry forward | $ 308,702 | $ 373,410 |
Valuation allowance | (308,702) | (373,410) |
Total | $ 0 | $ 0 |
NOTE 5. INCOME TAXES_ Schedul_2
NOTE 5. INCOME TAXES: Schedule of provision for income tax (Details) - USD ($) | 12 Months Ended | |
Apr. 30, 2019 | Apr. 30, 2018 | |
Details | ||
Benefit at U.S. Federal income tax rate | $ 18,272 | $ 31,918 |
Change in valuation allowance | 64,708 | 6,090 |
Total | $ (82,980) | $ (38,008) |
NOTE 6. STOCKHOLDERS' DEFICIT (
NOTE 6. STOCKHOLDERS' DEFICIT (Details) | Oct. 04, 2018$ / sharesshares | Apr. 30, 2019USD ($)$ / sharesshares | Apr. 30, 2018USD ($)$ / sharesshares |
Preferred Stock, Shares Authorized | 10,000,000 | ||
Preferred Stock, Par or Stated Value Per Share | $ / shares | $ 0.0001 | ||
Preferred Stock, Shares Issued | 0 | ||
Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.0001 | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 | 200,000,000 |
Reverse stock split | 10 | ||
Common Stock, Shares, Issued | 2,234,466 | 2,234,466 | |
Common Stock, Shares, Outstanding | 2,234,466 | 2,234,466 | |
Treasury Stock, Value | $ | $ 52,954 | $ 52,954 | |
Metrowork Equity Sdn | |||
Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.0001 | ||
Common Stock, Shares Authorized | 200,000,000 | ||
Reverse stock split | 10 | ||
Common Stock, Shares, Issued | 2,234,466 | ||
Common Stock, Shares, Outstanding | 2,234,465 |