Cover
Cover - USD ($) | 8 Months Ended | ||
Dec. 31, 2022 | Apr. 14, 2023 | Jun. 30, 2022 | |
Cover [Abstract] | |||
Entity Registrant Name | PREVENTION INSURANCE.COM | ||
Entity Central Index Key | 0001134982 | ||
Document Type | 10-KT | ||
Amendment Flag | false | ||
Entity Voluntary Filers | No | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well Known Seasoned Issuer | No | ||
Entity Small Business | true | ||
Entity Shell Company | false | ||
Entity Emerging Growth Company | true | ||
Entity Current Reporting Status | Yes | ||
Document Period End Date | Dec. 31, 2022 | ||
Entity Filer Category | Non-accelerated Filer | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2022 | ||
Entity Ex Transition Period | true | ||
Entity Common Stock Shares Outstanding | 202,704,211 | ||
Entity Public Float | $ 2,179,658 | ||
Document Period Start Date | May 01, 2022 | ||
Document Annual Report | false | ||
Document Transition Report | true | ||
Entity File Number | 000-32389 | ||
Entity Incorporation State Country Code | NV | ||
Entity Tax Identification Number | 88-0126444 | ||
Entity Address Address Line 1 | 552 Lonsdale Street | ||
Entity Address Address Line 2 | Level 7 | ||
Entity Address City Or Town | Melbourne | ||
Entity Address Country | AU | ||
Entity Address Postal Zip Code | 3000 | ||
City Area Code | 61 | ||
Icfr Auditor Attestation Flag | false | ||
Local Phone Number | 3 8393 1459 | ||
Security 12g Title | Common Stock, $0.0001 par value per share | ||
Entity Interactive Data Current | Yes | ||
Auditor Firm Id | 6117 | ||
Auditor Name | Pinnacle Accountancy Group of Utah | ||
Auditor Location | Farmington, Utah |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) | Dec. 31, 2022 | Apr. 30, 2022 | Apr. 30, 2021 |
Current Assets | |||
Cash | $ 2,996 | $ 5,161 | $ 342 |
Total Current Assets | 2,996 | 5,161 | 342 |
Other Assets | |||
Marketable security | 100 | 100 | 100 |
Total Assets | 3,096 | 5,261 | 442 |
Current Liabilities | |||
Accounts payable and accrued liabilities | 23,850 | 30,914 | 28,650 |
Due to related parties | 161,102 | 122,302 | 63,752 |
Total Current Liabilities | 184,952 | 153,216 | 92,402 |
Total Liabilities | 184,952 | 153,216 | 92,402 |
Stockholders' Deficit | |||
Preferred Stock, $0.0001 par value, 50,000,000, 10,000,000 10,000,000 shares authorized, respectively, none issued | 0 | 0 | 0 |
Common Stock, $0.0001 par value, 500,000,000, 200,000,000 and 200,000,000 shares authorized, respectively, 7,642,211 shares issued and 7,642,210 shares outstanding | 764 | 764 | 764 |
Additional paid in capital | 5,050,769 | 5,050,769 | 5,050,769 |
Treasury stock, 1 share, at cost | (52,954) | (52,954) | (52,954) |
Accumulated deficit | (5,180,435) | (5,146,534) | (5,090,539) |
Total Stockholders' Deficit | (181,856) | (147,955) | (91,960) |
Total Liabilities and Stockholders' Deficit | $ 3,096 | $ 5,261 | $ 442 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Dec. 31, 2022 | Apr. 30, 2022 | Apr. 30, 2021 |
Stockholders' Deficit | |||
Preferred stock, shares par value | $ 0.0001 | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 50,000,000 | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 0 | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 | 0 |
Common stock, shares par value | $ 0.0001 | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 500,000,000 | 200,000,000 | 200,000,000 |
Common stock, shares issued | 7,642,211 | 7,642,211 | 7,642,211 |
Common stock, shares outstanding | 7,642,210 | 7,642,210 | 7,642,210 |
Treasury stock, shares | 1 | 1 | 1 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 8 Months Ended | 12 Months Ended | |
Dec. 31, 2022 | Apr. 30, 2022 | Apr. 30, 2021 | |
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
REVENUE | $ 0 | $ 0 | $ 0 |
General and administrative expenses | 33,901 | 55,995 | 41,561 |
OPERATING LOSS | (33,901) | (55,995) | (41,561) |
NET LOSS | $ (33,901) | $ (55,995) | $ (41,561) |
Net Loss per Common Share: Basic and Diluted | $ 0 | $ (0.01) | $ (0.01) |
Weighted Average Common Shares Outstanding: Basic and Diluted | 7,642,210 | 7,642,210 | 7,584,587 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS DEFICIT - USD ($) | Total | Preferred Stock [Member] | Additional Paid-In Capital [Member] | Treasury Stock [Member] | Accumulated Deficit [Member] | Common Shares [Member] |
Balance, shares at Apr. 30, 2020 | 7,232,474 | |||||
Balance, amount at Apr. 30, 2020 | $ (80,374) | $ 0 | $ 5,020,835 | $ (52,954) | $ (5,048,978) | $ 723 |
Issuance of common stock for cash - related party, shares | 407,737 | |||||
Issuance of common stock for cash - related party, amount | 29,975 | 0 | 29,934 | 0 | 0 | $ 41 |
Net loss | (41,561) | 0 | 0 | 0 | (41,561) | $ 0 |
Balance, shares at Apr. 30, 2021 | 7,640,211 | |||||
Balance, amount at Apr. 30, 2021 | (91,960) | 0 | 5,050,769 | (52,954) | (5,090,539) | $ 764 |
Net loss | (55,995) | 0 | 0 | 0 | (55,995) | $ 0 |
Balance, shares at Apr. 30, 2022 | 7,640,211 | |||||
Balance, amount at Apr. 30, 2022 | (147,955) | 0 | 5,050,769 | (52,954) | (5,146,534) | $ 764 |
Balance, shares at Apr. 30, 2021 | 7,640,211 | |||||
Balance, amount at Apr. 30, 2021 | (91,960) | 0 | 5,050,769 | (52,954) | (5,090,539) | $ 764 |
Balance, shares at Dec. 31, 2022 | 7,640,211 | |||||
Balance, amount at Dec. 31, 2022 | (181,856) | 0 | 5,050,769 | (52,954) | (5,180,435) | $ 764 |
Balance, shares at Apr. 30, 2022 | 7,640,211 | |||||
Balance, amount at Apr. 30, 2022 | (147,955) | 0 | 5,050,769 | (52,954) | (5,146,534) | $ 764 |
Net loss | (33,901) | 0 | 0 | 0 | (33,901) | $ 0 |
Balance, shares at Dec. 31, 2022 | 7,640,211 | |||||
Balance, amount at Dec. 31, 2022 | $ (181,856) | $ 0 | $ 5,050,769 | $ (52,954) | $ (5,180,435) | $ 764 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 8 Months Ended | 12 Months Ended | |
Dec. 31, 2022 | Apr. 30, 2022 | Apr. 30, 2021 | |
Cash Flows from Operating Activities: | |||
Net Loss | $ (33,901) | $ (55,995) | $ (41,561) |
Changes in operating assets and liabilities: | |||
Accounts payable and accrued liabilities | (7,064) | 2,264 | (8,051) |
Net Cash Used In Operating Activities | (40,965) | (53,731) | (49,612) |
Cash Flows From Financing Activities: | |||
Fees drawn in excess of bank balance | 0 | 0 | (16) |
Proceeds from loans - related parties | 38,800 | 58,550 | 19,995 |
Common shares issued for cash - related party | 0 | 0 | 29,975 |
Net Cash Provided by Financing Activities | 38,800 | 58,550 | 49,954 |
Net Change in Cash: | (2,165) | 4,819 | 342 |
Cash and cash equivalents, beginning of period | 5,161 | 342 | 0 |
Cash and cash equivalents, end of period | 2,996 | 5,161 | 342 |
Supplemental Disclosures of Cash Flow Information: | |||
Income taxes paid | 0 | 0 | 0 |
Interest paid | $ 0 | $ 0 | $ 0 |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION | 8 Months Ended |
Dec. 31, 2022 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION | |
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. As discussed further below, effective March 23, 2023, the Company has acquired a multi-faceted sport betting platform through a Stock Exchange Agreement. On May 5, 2022, the Company amended its Articles of Incorporation by filing a Certificate of Amendment with the Nevada Secretary of State which; (a). Increased the authorized shares of common stock of the Company, par value $0.0001, from 200,000,000 shares to 500,000,000 shares, and (b). Increased the authorized shares of preferred stock of the Company, par value $0.0001, from 10,000,000 shares to 50,000,000 shares and all such shares be deemed “blank check” preferred shares in accordance with Article Seventeen of the Company’s Amended and Restated Articles of Incorporation (filed with the Nevada Secretary of State on or about February 20, 2001); (collectively, the corporate actions provided in paragraphs (a) and (b) are hereby referred to as the “ Corporate Actions The Corporate Actions were adopted at a meeting of our Board of Directors on February 28, 2022, and the Board of Directors recommended that the Corporate Actions be presented to our shareholders for approval. The record date of the Corporate Actions was March 1, 2022, whereby our majority stockholder, holding 85% of our outstanding voting securities, executed written consent approving Corporate Actions. On November 16, 2022, Mr. Marino Sussich was appointed a director of the Company. Immediately thereafter, Mr. Sussich was appointed President (Chief Executive Officer), Treasurer (Chief Financial Officer) and Secretary of the Company, and simultaneously Mr. Anthony Lococo resigned in all capacities as an officer and as a director of the Company. As further discussed in Note 8 Subsequent Events In connection with this transaction, the Company elected to change its fiscal year end from April 30 to December 31, which was the fiscal year of AiS prior to the closing of Stock Exchange Agreement. 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. In connection with the Stock Exchange Agreement described above, the Company elected to change its fiscal year end from April 30 to December 31, which was the fiscal year of AiS prior to the closing of Stock Exchange Agreement. Consolidated Financial Statements These consolidated statements include the financial statements of the Company and its subsidiary company, Paramount Capital, Inc. All intercompany balances and transactions have been eliminated in consolidation. 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. Cash and Cash Equivalents We maintain cash balances in a non-interest-bearing account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. As of December 31, 2022, April 30, 2022 and April 30, 2021, our cash balances were $2,996, $5,161 and $342, respectively. Fair Value of Financial Instruments The fair value of cash, accounts payable and accrued liabilities and balance due to related parties approximates the carrying amount of these financial instruments due to their short maturity. Related Party Transactions A related party is generally defined as (i) any person that holds 10% or more of our membership interests including such person's immediate families, (ii) our management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with us, or (iv) anyone who can significantly influence our financial and operating decisions. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. See Notes 4 and 6 below for details of related party transactions in the period presented. Income Taxes The provision for income taxes is computed using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating losses and tax credit carry-forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which those tax assets are expected to be realized or settled. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. Uncertain Tax Positions The Company evaluates tax positions in a two-step process. The Company first determine whether it is more likely than not that a tax position will be sustained upon examination, based on the technical merits of the position. If a tax position meets the more-likely-than-not recognition threshold, it is then measured to determine the amount of benefit to recognize in the financial statements. The tax position is measured as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. The Company classifies gross interest and penalties and unrecognized tax benefits that are not expected to result in payment or receipt of cash within one year as long-term liabilities in the financial statements. Revenue Recognition: Revenues are recognized when control of the promised goods or services are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements: Step 1: Identify the contract(s) with customers Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to performance obligations Step 5: Recognize revenue when the entity satisfies a performance obligation During the eight months ended December 31, 2022 and the years ended April 30, 2022 and 2021, the Company did not recognize any revenue. Advertising Costs The Company expenses advertising costs when advertisements occur. No advertising costs were incurred during the eight months ended December 31, 2022 nor the years ended April 30, 2022 and 2021. Stock-Based Compensation The cost of equity instruments issued to non-employees in return for goods and services is measured by the grant date fair value of the equity instruments issued. The cost of employee services received in exchange for equity instruments is based on the grant date fair value of the equity instruments issued. The related expense is recognized as services are rendered, goods are received, or vesting periods elapse. 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 eight months ended December 31, 2022 or the years ended April 30, 2022 or 2021. Recently Accounting Pronouncements There were various accounting standards and interpretations issued recently, none of which are expected to have a material impact on our financial position, operations or cash flows. |
GOING CONCERN
GOING CONCERN | 8 Months Ended |
Dec. 31, 2022 | |
GOING CONCERN | |
GOING CONCERN | NOTE 2. GOING CONCERN The Company’s consolidated 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 eight months ended December 31, 2022, the Company reported a net loss of $33,901, negative working capital of $181,956 and an accumulated deficit of $5,180,435 as of December 31, 2022. 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. As further discussed in Note 8 Subsequent Events |
MARKETABLE SECURITY
MARKETABLE SECURITY | 8 Months Ended |
Dec. 31, 2022 | |
MARKETABLE SECURITY | |
MARKETABLE SECURITY | NOTE 3. MARKETABLE SECURITY On August 26, 2019, the Company acquired 33.33% of the issued and outstanding common shares of Australian Gold Commodities Ltd (“ACG”), an Australian company, for $100. At the time, the remaining 66.67% of the issued and outstanding common shares of ACG were beneficially owned by our principal shareholder, Copper Hill Assets, Inc., a British Virgin Island Company (“Copper Hill”). Mr. Anthony Lococo, our former sole director, was appointed as a director of ACG. ACG had not commenced operations as of December 31, 2022. Effective June 30, 2020, ACG completed a fund raising after which the Company’s ownership interest was diluted to less than 1%. As of December 31, 2022, April 30, 2022 and April 30, 2021, it was determined that the historic cost of the marketable security equated to its fair market value. |
ADVANCED DUE TO RELATED PARTIES
ADVANCED DUE TO RELATED PARTIES | 8 Months Ended |
Dec. 31, 2022 | |
ADVANCED DUE TO RELATED PARTIES | |
ADVANCED DUE TO RELATED PARTIES | NOTE 4. ADVANCES DUE TO RELATED PARTIES As of April 30, 2020, balances totaling $43,757 were owed to related party companies: $13,349 to Copper Hill and $30,408 to AiS. Mr. Sussich, our current director, is a controlling party of Copper Hill. During the year ended April 30, 2021, the Company received a further advance of $19,995 from Copper Hill to fund its working capital requirements. As of April 30, 2021, the Company owed a total of $63,752 to related party companies: $30,408 to AiS and $33,344 to Copper Hill. During the year ended April 30, 2022, the Company received a further advance of $37,000 from Copper Hill to fund its working capital requirements. During the year ended April 30, 2022, the Company received an advance of $21,550 from Mt. Wills Gold Mines Pty Ltd. (“Mt. Wills”) to fund its working capital requirements. Mr. Anthony Lococo, our former sole officer and director, is a director of Mt. Wills. As of April 30, 2022, the Company owed a total of $122,302 to related party companies: $30,408 to AiS, $70,344 to Copper Hill and $21,550 to Mt. Wills. On May 5, 2020, Locman Superannuation Fund (“Fund”) paid the Company the sum of $14,975 to acquire 200,737 shares of common stock of the Company pursuant to a subscription agreement between the parties. Mr. Lococo, the Company’s former sole officer and director, is the control person of the Fund. On July 27, 2020, the Fund paid the Company the sum of $15,000 to acquire 207,000 shares of common stock of the Company pursuant to a subscription agreement between the parties. During the eight months ended December 31, 2022, the Company received a further advance of $38,800 from AiS to fund its working capital requirements. As of December 31, 2022, the Company owed a total of $161,102 to related party companies: $69,208 to AiS, $70,344 to Copper Hill and $21,550 to Mt. Wills. These advances were made to the Company to meet its working capital requirements and are unsecured, interest free and due on demand. |
INCOME TAXES
INCOME TAXES | 8 Months Ended |
Dec. 31, 2022 | |
INCOME TAXES | |
INCOME TAXES | NOTE 5. INCOME TAXES 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 is 21%. Deferred tax assets and valuation allowance at December 31, 2022, April 30, 2022 and 2021: As of December 31, As of April 30, 2022 2022 2021 Net loss carry forward $ 360,079 $ 352,960 $ 341,040 Valuation allowance (360,079 ) (352,960 ) (341,040 ) Total $ — $ — $ — No provision for income taxes has been made during the eight months ended December 31, 2022 or the years ended April 30, 2022 and 2021, as the Company incurred tax losses in all periods. As of December 31, 2022, the Company had operating loss carry-forwards (“NOLs”) of approximately $1,715,000. The utilization of these NOLs 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. The NOLs incurred prior to December 31, 2017 expire, if not utilized, in the years through 2037. However, NOLs generated subsequent to December 31, 2017 do not expire but may only be used against taxable income to 80%. 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 of 21% for the eight months ended December 31, 2022 and the years ended April 30, 2022 and 2021 as follows: Eight Months Ended December 31, Year Ended April 30, 2022 2022 2021 Benefit at U.S. Federal income tax rate $ 7,119 $ 11,759 $ 8,728 Increase in valuation allowance (7,119 ) (11,759 ) (8,728 ) Total $ — $ — $ — |
STOCKHOLDERS DEFICIT
STOCKHOLDERS DEFICIT | 8 Months Ended |
Dec. 31, 2022 | |
STOCKHOLDERS DEFICIT | |
STOCKHOLDERS DEFICIT | NOTE 6. STOCKHOLDERS’ DEFICIT Preferred Stock As of December 31, 2022, April 30, 2022 and April 30, 2021, the Company was authorized to issue 50,000,000, 10,000,000 and 10,000,000 shares of preferred stock, respectively, with a par value of $0.0001. On May 5, 2022, the Company amended its Articles of Incorporation by filing a Certificate of Amendment with the Nevada Secretary to increase the authorized shares of preferred stock of the Company, par value $0.0001, from 10,000,000 shares to 50,000,000 shares and all such shares be deemed “blank check” preferred shares in accordance with Article Seventeen of the Company’s Amended and Restated Articles of Incorporation (filed with the Nevada Secretary of State on or about February 20, 2001). No shares of preferred stock were issued or outstanding during the eight months ended December 31, 2022 or the years ended April 30, 2022 and 2021. Common Stock As of December 31, 2022, April 30, 2022 and April 30, 2021, the Company was authorized to issue 500,000,000, 200,000,000 and 200,000,000 shares of common stock, respectively, with a par value of $0.0001. On May 5, 2022, the Company amended its Articles of Incorporation by filing a Certificate of Amendment with the Nevada Secretary of State which increased the authorized shares of common stock of the Company, par value $0.0001, from 200,000,000 shares to 500,000,000 shares. As of December 31, 2022, April 30, 2022 and April 30, 2021, 7,642,211 shares of common stock were issued, and 7,642,210 shares of common stock were outstanding. No shares of common stock were issued during the eight months ended December 31, 2022 or the year ended April 30, 2022. During the year ended April 30, 2021, the Company made the following sales of common stock for cash: On May 5, 2020, Locman Superannuation Fund (“Fund”) paid the Company the sum of $14,975 to acquire 200,737 shares of common stock of the Company pursuant to a subscription agreement between the parties. Mr. Anthony Lococo, the Company’s former sole officer and director, is the control person of the Fund. On July 27, 2020, the Fund paid the Company the sum of $15,000 to acquire 207,000 shares of common stock of the Company pursuant to a subscription agreement between the parties. Treasury Stock The Company’s treasury stock comprised one share of common stock acquired at a cost of $52,954. |
TRANSITION PERIOD COMPARATIVE D
TRANSITION PERIOD COMPARATIVE DATA | 8 Months Ended |
Dec. 31, 2022 | |
TRANSITION PERIOD COMPARATIVE DATA | |
TRANSITION PERIOD COMPARATIVE DATA | NOTE 7. TRANSITION PERIOD COMPARATIVE DATA I Consolidated Statements of Operations For the Eight Months Ended December 31, 2022 2021 (unaudited) REVENUE $ — $ — General and administrative expenses 33,901 39,777 OPERATING LOSS (33,901 ) (39,777 ) NET LOSS $ (33,901 ) $ (39,777 ) Net Loss per Common Share: Basic and Diluted $ (0.00 ) $ (0.01 ) Weighted Average Common Shares Outstanding: Basic and Diluted 7,642,210 7,642,210 II Consolidated Statements Of Cash Flows For the Eight Months Ended December 31, 2022 2021 (unaudited) Cash Flows from Operating Activities: Net Loss $ (33,901 ) $ (39,777 ) Adjustments to reconcile net loss to net cash used in operating activities: — — Changes in operating assets and liabilities: Accounts payable (7,064 ) 149 Net Cash Used In Operating Activities (40,965 ) (39,628 ) Cash Flows From Financing Activities: Proceeds from loans - related parties 38,800 44,550 Net Cash Provided by Financing Activities 38,800 44,550 Net Change in Cash: (2,165 ) 4,922 Cash and cash equivalents, beginning of period 5,161 342 Cash and cash equivalents, end of period $ 5,161 $ 5,264 Supplemental Disclosures of Cash Flow Information: Income taxes paid $ — $ — Interest paid $ — $ — |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 8 Months Ended |
Dec. 31, 2022 | |
SUBSEQUENT EVENTS | |
SUBSEQUENT EVENTS | NOTE 8. SUBSEQUENT EVENTS Initial accounting for the business combination is incomplete at the date of the issuance of these financial statements and consequently certain financial disclosures required under ASC 805-10-50-2, 805-20-50-1 and 805-30-50-1 are not available at this time. The Company evaluated subsequent events after December 31, 2022, in accordance with FASB ASC 855 Subsequent Events, through the date of the issuance of these financial statements and has determined there have been no subsequent events for which disclosure is required other than as set out below: Effective March 23, 2023 (the “Closing Date”), the Company closed a share exchange pursuant to a Stock Exchange Agreement (the “Stock Exchange Agreement”), with Apple iSports, Inc. (“AiS”), a Delaware corporation and the shareholders of AiS. Pursuant to the Stock Exchange Agreement, the Company issued to the AiS shareholders 195,062,000 shares of its common stock, par value $0.001 per share in exchange for all of the issued and outstanding capital stock (195,062,000 shares of common stock) of AiS (“Stock Exchange”). In addition, 31,000 AiS stock purchase warrants held by two AiS shareholders were cancelled and re-issued as Company stock purchase warrants. The Stock Exchange Agreement was approved by the Board of Directors of both corporations. As a result of the Stock Exchange, Mr. Marino Sussich, currently the Company’s sole officer and director and largest shareholder (through an affiliate entity), remains a director and controlling shareholder (through affiliate entities) of the Company, owning a total of 130,733,809 shares of common stock (or approximately 65% of the total issued and outstanding shares). At closing, (i) the following officers and directors were appointed; Mr. Joe Martinez was appointed Chief Executive Officer and Chairman of the Board of Directors, Mr. Jeremy Samuel was appointed President and a director, Mr. Lee Saltzer was appointed Chief Operating Officer, and Mr. Rishi Kher was appointed Chief Financial Officer, and (ii) thereafter, Mr. Sussich resigned as the sole officer of the Company but remains as a director. Immediately prior to the closing of the Stock Exchange Agreement, the Company had 7,640,211 shares of its common stock, $0.0001 par value, and no shares of preferred stock $0.0001 par value, issued and outstanding. Immediately after the closing of the Stock Exchange Agreement, the Company had 202,704,211 shares of its common stock, $0.0001 par value, issued and outstanding, 31,000 stock purchase warrants outstanding, and no shares of preferred stock $0.0001 par value, issued and outstanding. Pursuant to the Stock Exchange Agreement, the Company acquired the business of AiS, which has developed and continues to develop a multi-faceted sport betting platform. As a result, we have ceased being a “shell company.” The transaction was accounted for under the business combination under common control of accounting. Consequently, the assets and liabilities and the historical operations that will be reflected in the financial statements prior to the Stock Exchange will be those of AiS and the Company combined and will be recorded at the historical cost basis and the consolidated financial statements after completion of the transaction will include the combined assets and liabilities of AiS and the Company from the closing date of the transaction. As a result of the issuance of the shares of our common stock pursuant to the Stock Exchange Agreement, a change in control of the Company occurred as of the date of consummation of the Stock Exchange Agreement. In connection with this transaction, the Company elected to change its fiscal year end from April 30 to December 31, which was the fiscal year of AiS prior to the closing of Stock Exchange Agreement. On or about March 30, 2023, one of our shareholders, owning 123,970,000 shares of common stock, or approximately 66% of the total outstanding shares, approved an amendment to our articles of incorporation to amend our Articles of Incorporation to change our corporate name from Prevention Insurance.com to Apple iSports Group, Inc. (the "Charter Amendment"). The Charter Amendment was approved by the Company’s Board of Directors on March 30, 2023. The Charter Amendment will be filed with the Secretary of State of the State of Nevada at least 20 days after the date of the mailing of the Definitive Information Statement. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (Policies) | 8 Months Ended |
Dec. 31, 2022 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND 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. |
Consolidated Financial Statements | These consolidated statements include the financial statements of the Company and its subsidiary company, Paramount Capital, Inc. All intercompany balances and transactions have been eliminated in consolidation. |
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. |
Cash and Cash Equivalents | We maintain cash balances in a non-interest-bearing account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. As of December 31, 2022, April 30, 2022 and April 30, 2021, our cash balances were $2,996, $5,161 and $342, respectively. |
Fair Values of Financial Instruments | The fair value of cash, accounts payable and accrued liabilities and balance due to related parties approximates the carrying amount of these financial instruments due to their short maturity. |
Related Party Transactions | A related party is generally defined as (i) any person that holds 10% or more of our membership interests including such person's immediate families, (ii) our management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with us, or (iv) anyone who can significantly influence our financial and operating decisions. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. See Notes 4 and 6 below for details of related party transactions in the period presented. |
Income Taxes | The provision for income taxes is computed using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating losses and tax credit carry-forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which those tax assets are expected to be realized or settled. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. |
Uncertain Tax Position | The Company evaluates tax positions in a two-step process. The Company first determine whether it is more likely than not that a tax position will be sustained upon examination, based on the technical merits of the position. If a tax position meets the more-likely-than-not recognition threshold, it is then measured to determine the amount of benefit to recognize in the financial statements. The tax position is measured as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. The Company classifies gross interest and penalties and unrecognized tax benefits that are not expected to result in payment or receipt of cash within one year as long-term liabilities in the financial statements. |
Revenue Recognition | Revenues are recognized when control of the promised goods or services are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements: Step 1: Identify the contract(s) with customers Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to performance obligations Step 5: Recognize revenue when the entity satisfies a performance obligation During the eight months ended December 31, 2022 and the years ended April 30, 2022 and 2021, the Company did not recognize any revenue. |
Advertising Costs | The Company expenses advertising costs when advertisements occur. No advertising costs were incurred during the eight months ended December 31, 2022 nor the years ended April 30, 2022 and 2021. |
Stock-Based Compensation | The cost of equity instruments issued to non-employees in return for goods and services is measured by the grant date fair value of the equity instruments issued. The cost of employee services received in exchange for equity instruments is based on the grant date fair value of the equity instruments issued. The related expense is recognized as services are rendered, goods are received, or vesting periods elapse. |
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 eight months ended December 31, 2022 or the years ended April 30, 2022 or 2021. |
Recently Accounting Pronouncements | There were various accounting standards and interpretations issued recently, none of which are expected to have a material impact on our financial position, operations or cash flows. |
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. As discussed further below, effective March 23, 2023, the Company has acquired a multi-faceted sport betting platform through a Stock Exchange Agreement. On May 5, 2022, the Company amended its Articles of Incorporation by filing a Certificate of Amendment with the Nevada Secretary of State which; (a). Increased the authorized shares of common stock of the Company, par value $0.0001, from 200,000,000 shares to 500,000,000 shares, and (b). Increased the authorized shares of preferred stock of the Company, par value $0.0001, from 10,000,000 shares to 50,000,000 shares and all such shares be deemed “blank check” preferred shares in accordance with Article Seventeen of the Company’s Amended and Restated Articles of Incorporation (filed with the Nevada Secretary of State on or about February 20, 2001); (collectively, the corporate actions provided in paragraphs (a) and (b) are hereby referred to as the “ Corporate Actions The Corporate Actions were adopted at a meeting of our Board of Directors on February 28, 2022, and the Board of Directors recommended that the Corporate Actions be presented to our shareholders for approval. The record date of the Corporate Actions was March 1, 2022, whereby our majority stockholder, holding 85% of our outstanding voting securities, executed written consent approving Corporate Actions. On November 16, 2022, Mr. Marino Sussich was appointed a director of the Company. Immediately thereafter, Mr. Sussich was appointed President (Chief Executive Officer), Treasurer (Chief Financial Officer) and Secretary of the Company, and simultaneously Mr. Anthony Lococo resigned in all capacities as an officer and as a director of the Company. As further discussed in Note 8 Subsequent Events In connection with this transaction, the Company elected to change its fiscal year end from April 30 to December 31, which was the fiscal year of AiS prior to the closing of Stock Exchange Agreement. |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 8 Months Ended |
Dec. 31, 2022 | |
INCOME TAXES | |
Schedule of federal tax rate | Eight Months Ended December 31, Year Ended April 30, 2022 2022 2021 Benefit at U.S. Federal income tax rate $ 7,119 $ 11,759 $ 8,728 Increase in valuation allowance (7,119 ) (11,759 ) (8,728 ) Total $ — $ — $ — |
Schedule of deferred tax assets | As of December 31, As of April 30, 2022 2022 2021 Net loss carry forward $ 360,079 $ 352,960 $ 341,040 Valuation allowance (360,079 ) (352,960 ) (341,040 ) Total $ — $ — $ — |
TRANSITION PERIOD COMPARATIVE_2
TRANSITION PERIOD COMPARATIVE DATA (Tables) | 8 Months Ended |
Dec. 31, 2022 | |
TRANSITION PERIOD COMPARATIVE DATA | |
Schedule Of Statements of Operations | For the Eight Months Ended December 31, 2022 2021 (unaudited) REVENUE $ — $ — General and administrative expenses 33,901 39,777 OPERATING LOSS (33,901 ) (39,777 ) NET LOSS $ (33,901 ) $ (39,777 ) Net Loss per Common Share: Basic and Diluted $ (0.00 ) $ (0.01 ) Weighted Average Common Shares Outstanding: Basic and Diluted 7,642,210 7,642,210 |
Schedule Of Statements Of Cash Flows | For the Eight Months Ended December 31, 2022 2021 (unaudited) Cash Flows from Operating Activities: Net Loss $ (33,901 ) $ (39,777 ) Adjustments to reconcile net loss to net cash used in operating activities: — — Changes in operating assets and liabilities: Accounts payable (7,064 ) 149 Net Cash Used In Operating Activities (40,965 ) (39,628 ) Cash Flows From Financing Activities: Proceeds from loans - related parties 38,800 44,550 Net Cash Provided by Financing Activities 38,800 44,550 Net Change in Cash: (2,165 ) 4,922 Cash and cash equivalents, beginning of period 5,161 342 Cash and cash equivalents, end of period $ 5,161 $ 5,264 Supplemental Disclosures of Cash Flow Information: Income taxes paid $ — $ — Interest paid $ — $ — |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (Details Narrative)) - USD ($) | 8 Months Ended | ||||||
Mar. 01, 2022 | Dec. 31, 2022 | May 23, 2023 | Mar. 23, 2023 | May 05, 2022 | Apr. 30, 2022 | Apr. 30, 2021 | |
Common stock, shares authorized | 500,000,000 | 200,000,000 | 200,000,000 | ||||
Cash Balance | $ 2,996 | $ 5,161 | $ 342 | ||||
Preferred stock, shares authorized | 50,000,000 | 10,000,000 | 10,000,000 | ||||
Corporate actions description | The record date of the Corporate Actions was March 1, 2022, whereby our majority stockholder, holding 85% of our outstanding voting securities, executed written consent approving Corporate Actions | ||||||
Membership percentage | 10% | ||||||
Common stock, shares par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||||
Preferred stock, shares par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||||
Subsequent Event [Member] | |||||||
Preferred stock, shares authorized | 202,704,211 | ||||||
Common stock, shares par value | $ 0.0001 | ||||||
Preferred stock, shares par value | $ 0.0001 | ||||||
Subsequent Event [Member] | Apple ISports Inc [Member] | |||||||
Common stock, shares authorized | 195,062,000 | 195,062,000 | |||||
Common stock, shares par value | $ 0.0001 | $ 0.001 | |||||
Certificate of Amendment [Member] | |||||||
Common stock, shares authorized | 500,000,000 | 200,000,000 | |||||
Preferred stock, shares authorized | 50,000,000 | 10,000,000 | |||||
Common stock, shares par value | $ 0.0001 | ||||||
Preferred stock, shares par value | $ 0.0001 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 8 Months Ended | 12 Months Ended | |
Dec. 31, 2022 | Apr. 30, 2022 | Apr. 30, 2021 | |
GOING CONCERN | |||
Working capital deficit | $ (181,956) | ||
Net Loss | (33,901) | $ (55,995) | $ (41,561) |
Accumulated deficit | $ (5,180,435) |
MARKETABLE SECURITY (Details Na
MARKETABLE SECURITY (Details Narrative) - Australian Gold Commodities Ltd [Member] - USD ($) | 1 Months Ended | |
Jun. 30, 2020 | Aug. 26, 2019 | |
Common stock shares owned by shareholder, percentage | 66.67% | |
Business acquisition, shares acquired, percentage | 33.33% | |
Percentage of ownership diluted, description | ACG completed a fund raising after which the Company’s ownership interest was diluted to less than 1%. | |
Acquisition costs , shares price | $ 100 |
ADVANCES DUE TO RELATED PARTIES
ADVANCES DUE TO RELATED PARTIES (Details Narrative) - USD ($) | 1 Months Ended | 8 Months Ended | 12 Months Ended | |||
May 05, 2020 | Jul. 27, 2020 | Dec. 31, 2022 | Apr. 30, 2022 | Apr. 30, 2021 | Apr. 30, 2020 | |
Due to related parties | $ 14,975 | $ 15,000 | $ 161,102 | $ 122,302 | $ 63,752 | $ 43,757 |
Common stock shares | 200,737 | 207,000 | ||||
Apple ISports Inc [Member] | ||||||
Advance received for working capital | 38,800 | |||||
Due to related parties | 69,208 | 30,408 | 30,408 | 30,408 | ||
Copper Hill [Member] | ||||||
Advance received for working capital | 37,000 | 19,995 | ||||
Due to related parties | 70,344 | 70,344 | $ 33,344 | $ 13,349 | ||
Wills Gold Mines Pt Ltd [Member] | ||||||
Advance received for working capital | 21,550 | |||||
Due to related parties | $ 21,550 | $ 21,550 |
INCOME TAXES (Details)
INCOME TAXES (Details) - USD ($) | Dec. 31, 2022 | Apr. 30, 2022 | Apr. 30, 2021 |
INCOME TAXES | |||
Net loss carry forward | $ 360,079 | $ 352,960 | $ 341,040 |
Valuation allowance | (360,079) | (352,960) | (341,040) |
Total | $ 0 | $ 0 | $ 0 |
INCOME TAXES (Details 1)
INCOME TAXES (Details 1) - USD ($) | 8 Months Ended | 12 Months Ended | |
Dec. 31, 2022 | Apr. 30, 2022 | Apr. 30, 2021 | |
INCOME TAXES | |||
Benefit at U.S. Federal income tax rate | $ 7,119 | $ 11,759 | $ 8,728 |
Increase in valuation allowance | (7,119) | (11,759) | (8,728) |
Total | $ 0 | $ 0 | $ 0 |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) | 8 Months Ended |
Dec. 31, 2022 USD ($) | |
INCOME TAXES | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21% |
Net loss carry forward | $ 1,715,000 |
Operating loss carry forward expire year | The NOLs incurred prior to December 31, 2017 expire, if not utilized, in the years through 2037. |
STOCKHOLDERS DEFICIT (Details N
STOCKHOLDERS DEFICIT (Details Narrative) - USD ($) | 1 Months Ended | 8 Months Ended | ||||
May 05, 2020 | Jul. 27, 2020 | Dec. 31, 2022 | May 05, 2022 | Apr. 30, 2022 | Apr. 30, 2021 | |
Preferred stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | |||
Preferred stock, shares authorized | 50,000,000 | 10,000,000 | 10,000,000 | |||
Common stock, shares par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | |||
Common Stock, Shares Authorized | 500,000,000 | 200,000,000 | 200,000,000 | |||
Common stock, shares issued | 7,642,211 | 7,642,211 | 7,642,211 | |||
Common stock, shares outstanding | 7,642,210 | 7,642,210 | 7,642,210 | |||
Treasury cost value | $ 52,954 | |||||
Agreement | $ 15,000 | $ 14,975 | ||||
Common stock shares | 200,737 | 207,000 | ||||
Certificate of Amendment [Member] | ||||||
Preferred stock, par value | $ 0.0001 | |||||
Preferred stock, shares authorized | 50,000,000 | 10,000,000 | ||||
Common stock, shares par value | $ 0.0001 | |||||
Common Stock, Shares Authorized | 500,000,000 | 200,000,000 |
TRANSITION PERIOD COMPARATIVE_3
TRANSITION PERIOD COMPARATIVE DATA (Details) - USD ($) | 8 Months Ended | 12 Months Ended | 20 Months Ended | ||
Dec. 31, 2022 | Apr. 30, 2022 | Apr. 30, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
REVENUE | $ 0 | $ 0 | $ 0 | ||
General and administrative expenses | 33,901 | 55,995 | 41,561 | ||
OPERATING LOSS | (33,901) | (55,995) | (41,561) | ||
Net Loss | $ (33,901) | $ (55,995) | $ (41,561) | ||
Weighted Average Common Shares Outstanding: Basic and Diluted | 7,642,210 | 7,642,210 | 7,584,587 | ||
Consolidated Statements of Operations [Member] | |||||
REVENUE | $ 0 | $ 0 | |||
General and administrative expenses | 33,901 | 39,777 | |||
OPERATING LOSS | (33,901) | (39,777) | |||
Net Loss | $ (33,901) | $ (39,777) | |||
Net Loss per Common Share: Basic and Diluted | $ 0 | $ (0.01) | |||
Weighted Average Common Shares Outstanding: Basic and Diluted | 7,642,210 | 7,642,210 |
TRANSITION PERIOD COMPARATIVE_4
TRANSITION PERIOD COMPARATIVE DATA (Details 1) - USD ($) | 8 Months Ended | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Apr. 30, 2022 | Apr. 30, 2021 | |
Accounts payable | $ (7,064) | $ 2,264 | $ (8,051) | |
Net Cash Used In Operating Activities | (40,965) | (53,731) | (49,612) | |
Proceeds from loans - related parties | 38,800 | 58,550 | 19,995 | |
Net Cash Provided by Financing Activities | 38,800 | 58,550 | 49,954 | |
Net Change in Cash: | (2,165) | 4,819 | 342 | |
Cash and cash equivalents, beginning of period | 5,161 | $ 342 | 342 | 0 |
Cash and cash equivalents, end of period | 2,996 | 5,161 | 342 | |
Income taxes paid | 0 | 0 | 0 | |
Interest paid | 0 | 0 | 0 | |
Consolidated Statements Of Cash Flows [Member] | ||||
Net Loss | 33,901 | 39,777 | ||
Accounts payable | (7,064) | 149 | ||
Net Cash Used In Operating Activities | (40,965) | (39,628) | ||
Adjustments to reconcile net loss to net cash used in operating activities | 0 | 0 | ||
Proceeds from loans - related parties | 38,800 | 44,550 | ||
Net Cash Provided by Financing Activities | 38,800 | 44,550 | ||
Net Change in Cash: | (2,165) | 4,922 | ||
Cash and cash equivalents, beginning of period | 5,161 | 342 | 342 | |
Cash and cash equivalents, end of period | 5,161 | 5,264 | $ 5,161 | $ 342 |
Income taxes paid | 0 | 0 | ||
Interest paid | $ 0 | $ 0 |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - $ / shares | 1 Months Ended | ||||
Mar. 23, 2023 | May 23, 2023 | Dec. 31, 2022 | Apr. 30, 2022 | Apr. 30, 2021 | |
Common Stock, Shares issued | 7,642,211 | 7,642,211 | 7,642,211 | ||
Common Stock, Shares Authorized | 500,000,000 | 200,000,000 | 200,000,000 | ||
Preferred stock, shares authorized | 50,000,000 | 10,000,000 | 10,000,000 | ||
Common stock, shares par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||
Preferred stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||
Subsequent Event [Member] | |||||
Common Stock, Shares issued | 7,640,211 | ||||
Preferred stock, shares authorized | 202,704,211 | ||||
Common stock, shares par value | $ 0.0001 | ||||
Preferred stock, par value | $ 0.0001 | ||||
Issued of purchase warrant | 31,000 | ||||
Subsequent Event [Member] | Apple ISports Inc [Member] | |||||
Common Stock, Shares Authorized | 195,062,000 | 195,062,000 | |||
Common stock, shares par value | $ 0.001 | $ 0.0001 | |||
Advance received for working capital, shares | 130,733,809 | ||||
Issued of purchase warrant | 31,000 |