Sino American Oil (OILY) 10-Q 22 Aug 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2022	Aug. 22, 2022
Details
Registrant CIK	0001367408
Fiscal Year End	--09-30
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	000-52304
Entity Registrant Name	SINO AMERICAN OIL CO
Entity Incorporation, State or Country Code	WY
Entity Tax Identification Number	02-3717729
Entity Address, Address Line One	2123 Pioneer Ave
Entity Address, City or Town	Cheyenne
Entity Address, State or Province	WY
Entity Address, Postal Zip Code	82001
City Area Code	360
Local Phone Number	631-6022
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		134,664,500
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Jun. 30, 2022	Sep. 30, 2021
Current Assets
Cash	$ 0	$ 10
Total Assets	0	10
Current Liabilities
Accounts payable, current	94,616	43,958
Accrued interest, current	4,430	2,095
Accrued compensation - related party, current	225,000	135,000
Accrued compensation, current	225,000	135,000
Loans payable, current	199,492	167,644
Loans payable - related party, current	94,669	51,592
Total Current Liabilities	843,207	535,289
Total Liabilities	843,207	535,289
Shareholders' Deficit
Preferred stock Series A value	165	493
Preferred stock Series B value	0	0
Common stock value	11,192	11,394
Common stock to be issued	20,000	20,000
Additional paid-in capital	2,093,758	2,091,470
Accumulated deficit	(2,968,322)	(2,658,636)
Total Stockholders' Deficit	(843,207)	(535,279)
Total Liabilities and Stockholders' Deficit	$ 0	$ 10

BALANCE SHEETS - Parenthetical

BALANCE SHEETS - Parenthetical - $ / shares	Jun. 30, 2022	Sep. 30, 2021
Details
Preferred Stock, No Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Outstanding	164,212	0
Preferred stock Par Value, Series B	$ 0.001	$ 0.001
Preferred stock Authorized, Series B	10,000,000
Preferred stock Outstanding, Series B	0	0
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	2,000,000,000	2,000,000,000
Common Stock, Shares, Issued	129,564,500	113,944,500

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Operating Expenses
Officer compensation	$ 0	$ 24,000	$ 0	$ 74,000
Consulting expense	0	54,976	90,000	99,976
Consulting expense - related party	0	45,000	90,000	105,365
General and administrative expense	46,748	11,302	127,351	104,081
Total operating expenses	46,748	307,351	307,351	383,422
Loss from operations	(46,748)	(135,278)	(307,351)	(383,422)
Other Expense
Interest expense	(778)	(778)	(2,335)	(1,308)
Total other expense	(778)	(778)	(2,335)	(1,308)
Net income (loss)	$ (47,526)	$ (136,056)	$ (309,686)	$ (384,730)
Net loss per share	$ 0	$ 0	$ 0	$ (0.01)
Weighted average shares outstanding, basic and diluted	130,189,115	103,072,451	120,360,764	49,737,105

STATEMENTS OF CHANGES IN STOCKH

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Preferred Stock	Common Stock	Additional Paid-in Capital	Receivables from Stockholder	Deferred Compensation, Share-Based Payments	Retained Earnings	Total
Equity Balance at Sep. 30, 2020	$ 0	$ 19,600	$ 2,012,295	$ (370,050)	$ 0	$ (2,039,259)	$ (377,414)
Equity Balance, Shares at Sep. 30, 2020		196,001,500
Net loss	0	$ 0	0	0	0	(54,854)	(54,854)
Equity Balance at Dec. 31, 2020	0	$ 19,600	2,012,295	(370,050)	0	(2,094,113)	(432,268)
Equity Balance, Shares at Dec. 31, 2020		196,001,500
Equity Balance at Sep. 30, 2020	0	$ 19,600	2,012,295	(370,050)	0	(2,039,259)	(377,414)
Equity Balance, Shares at Sep. 30, 2020		196,001,500
Equity Balance at Jun. 30, 2021	$ 493	$ 11,174	2,091,470	0	20,000	(2,423,989)	(300,852)
Equity Balance, Shares at Jun. 30, 2021	492,640	11,744,500
Contributed services, APIC							24,000
Equity Balance at Dec. 31, 2020	$ 0	$ 19,600	2,012,295	(370,050)	0	(2,094,113)	(432,268)
Equity Balance, Shares at Dec. 31, 2020		196,001,500
Net loss	0	$ 0	0	0	0	(193,820)	(193,820)
Equity Balance at Mar. 31, 2021	0	$ 19,600	2,012,295	(370,050)	0	(2,287,933)	(626,088)
Equity Balance, Shares at Mar. 31, 2021		196,001,500
Common stock sold for cash, value	0	$ 0	0	0	20,000	0	20,000
Net loss	0	0	0	0	0	(136,056)	(136,056)
Equity Balance at Jun. 30, 2021	$ 493	$ 11,174	2,091,470	0	20,000	(2,423,989)	(300,852)
Equity Balance, Shares at Jun. 30, 2021	492,640	11,744,500
Stock cancelled, value	$ 0	$ (247)	(369,803)	370,050	0	0	0
Stock cancelled, shares		(2,467,000)
Shares issued for services - related, value	0	$ 365	0	0	0	0	365
Shares issued for services - related, shares		3,650,000
Shares issued for services, value	0	$ 220	0	0	0	0	220
Shares issued for services, shares		2,200,000
Shares issued for debt, value	0	$ 15,868	400,839	0	0	0	416,707
Shares issued for debt, shares		158,680,000
Conversion of stock, value	$ 493	$ (24,632)	24,139	0	0	0	0
Conversion of stock, shares	492,640	(246,320,000)
Contributed services, APIC	$ 0	$ 0	24,000	$ 0	0	0	24,000
Equity Balance at Sep. 30, 2021	$ 493	$ 11,394	2,091,470		20,000	(2,658,636)	(535,279)
Equity Balance, Shares at Sep. 30, 2021	492,640	113,944,500
Net loss	$ 0	$ 0	0		0	(125,171)	(125,171)
Equity Balance at Dec. 31, 2021	$ 493	$ 11,402	2,091,470		20,000	(2,783,807)	(660,442)
Equity Balance, Shares at Dec. 31, 2021	492,640	114,024,500
Shares issued for services, value	$ 0	$ 8	0		0	0	8
Shares issued for services, shares		80,000
Equity Balance at Sep. 30, 2021	$ 493	$ 11,394	2,091,470		20,000	(2,658,636)	(535,279)
Equity Balance, Shares at Sep. 30, 2021	492,640	113,944,500
Equity Balance at Jun. 30, 2022	$ 165	$ 11,192	2,093,758		20,000	(2,968,322)	(843,207)
Equity Balance, Shares at Jun. 30, 2022	164,212	129,564,500
Contributed services, APIC							0
Equity Balance at Dec. 31, 2021	$ 493	$ 11,402	2,091,470		20,000	(2,783,807)	(660,442)
Equity Balance, Shares at Dec. 31, 2021	492,640	114,024,500
Net loss	$ 0	$ 0	0		0	(136,989)	(136,989)
Equity Balance at Mar. 31, 2022	$ 493	$ 13,152	2,091,470		20,000	(2,920,796)	(795,681)
Equity Balance, Shares at Mar. 31, 2022	492,640	131,524,500
Shares issued for services - related, value	$ 0	$ 1,750	0		0	0	1,750
Shares issued for services - related, shares		17,500,000
Net loss	0	$ 0	0		0	(47,526)	(47,526)
Equity Balance at Jun. 30, 2022	$ 165	$ 11,192	2,093,758		20,000	(2,968,322)	(843,207)
Equity Balance, Shares at Jun. 30, 2022	164,212	129,564,500
Stock cancelled, value	$ (328)	$ (1,960)	$ 2,288		$ 0	$ 0	$ 0
Stock cancelled, shares	(328,428)	(1,960,000)					1,960,000

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	2 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Aug. 22, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		$ (47,526)	$ (136,056)	$ (309,686)	$ (384,730)
Adjustments to reconcile net loss to net cash used by operating activities
Shares issued for services rendered				8	220
Shares issued for services rendered - related				1,750	365
Changes in operating assets and liabilities
Increase (decrease) accounts payable				50,659	29,429
Increase (decrease) accrued interest				2,334	1,308
Increase (decrease) accrued compensation				90,000	90,000
Increase (decrease) accrued compensation, related				90,000	90,000
Increase (decrease) accrued officer compensation				0	72,000
Net cash used by operating activities				(74,935)	(101,408)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common stock				0	20,000
Proceeds from loans payable				31,848	53,541
Proceeds from loans payable, related	$ 24,570			43,077	37,309
Net cash provided by financing activities				74,925	110,850
Net change in cash				(10)	9,442
Cash at beginning of period	$ 0			10	0	$ 0
Cash at end of period		$ 0	9,442	0	9,442	$ 10
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest				0	0
Cash paid for taxes				0	0
Non-Cash Financing Activities
Debt converted to common stock				0	8,707
Accrued salary converted to common stock				0	408,000
Contributed services, APIC			$ 24,000	$ 0	$ 24,000

Business Description and Histor

Business Description and History	9 Months Ended
	Jun. 30, 2022
Notes
Business Description and History	NOTE 1 - DESCRIPTION OF BUSINESS AND HISTORY Sino American Energy Company (the “Company”) was incorporated as Raphael Industries Ltd. on October 31, 2005 under the laws of the State of Nevada. On November 11, 2010 the Company changed its name to Sino American Oil Company in anticipation of the Company’s new business direction, the exploration for oil and gas. The company re-domiciled its corporate status from Nevada to Wyoming in August 2018.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Jun. 30, 2022
Notes
Significant Accounting Policies	NOTE 2 - SUMMARY OF SIGNIFICANT POLICIES Basis of presentation The Company’s unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at June 30, 2022, and for the related periods presented have been reflected. The results are not necessarily indicative of the results to be expected for the full year ending September 30, 2022. These unaudited financial statements should be read in conjunction with the financial statements and footnotes included in the Company’s Annual Report on Form 10-K for the year ended September 30, 2021, filed with the Securities and Exchange Commission. Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Company and on various other assumptions that the Company believes to be reasonable under the circumstances. Actual results could differ from those estimates. Stock-based Compensation We account for equity-based transactions with employees and non-employees under the provisions of FASB ASC Topic 718, “Compensation - Stock Compensation” (Topic 718), which establishes that equity-based payments to employees and non-employees are recorded at the grant date the fair value of the equity instruments the entity is obligated to issue when the employees and non-employees have rendered the requisite service and satisfied any other conditions necessary to earn the right to benefit from the instruments. Topic 718 also states that observable market prices of identical or similar equity or liability instruments in active markets are the best evidence of fair value and, if available, should be used as the basis for the measurement for equity and liability instruments awarded in these share-based payment transactions. However, if observable market prices of identical or similar equity or liability instruments are not available, the fair value shall be estimated by using a valuation technique or model that complies with the measurement objective, as described in FASB ASC Topic 718. Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Going Concern Disclosure

Going Concern Disclosure	9 Months Ended
	Jun. 30, 2022
Notes
Going Concern Disclosure	NOTE 3 - GOING CONCERN The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has no source of revenue, has suffered recurring losses since inception and has no assurance of future profitability. The Company will continue to require financing from external sources to finance its operating and investing activities until sufficient positive cash flows from operations can be generated. There is no assurance that financing or profitability will be achieved, accordingly, there is substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties.

Loan Payable Disclosure

Loan Payable Disclosure	9 Months Ended
	Jun. 30, 2022
Notes
Loan Payable Disclosure	NOTE 4 - LOAN PAYABLE As of June 30, 2022, White Sands Securities has loaned the Company $85,389 through a note payable and cash advances. A portion of the loan is accruing interest at 8% per year. As of June 30, 2022 and September 30, 2021, there is $4,430 and $2,095 of accrued interest, respectively. On September 1, 2021, the Company entered into a loan agreement with Home Run Oil and Gas, Inc. (“Home Run”). Home Run loaned the company $114,103 ($150,000 CAD). The loan in non-interest bearing and is due on or before November 30, 2021. This loan is currently past due.

Common Stock Disclosure

Common Stock Disclosure	9 Months Ended
	Jun. 30, 2022
Notes
Common Stock Disclosure	NOTE 5 - COMMON STOCK On November 15, 2021, the Company issued 80,000 shares of common stock to Dennis Eubanks per the terms of a MOU between the Company and Estacado Energy, LLC. The shares were valued at $0.0001, for total expense of $8. Effective March 14, 2022, the Company appointed Boriss Aleksandrov as Treasurer and Director of the Company. Mr. Aleksandrov was issued 17,500,000 shares of common stock as incentive to serve in these positions. The shares were valued at $0.0001, for total expense of $1,750. During Q3 2022, the Company cancelled 1,960,000 shares of common stock and had them returned to the Company. The shares were canceled as per the British Columbia Securities Commission (“BCSC”) in order to remove the Cease Trade Order on the Company.

Preferred stock Disclosure

Preferred stock Disclosure	9 Months Ended
	Jun. 30, 2022
Notes
Preferred stock Disclosure	NOTE 6 - PREFERRED STOCK Effective June 3, 2019, the Company amended its article of incorporation and authorized 10,000,000 shares of Series A preferred stock, par value $0.001 and 10,000,000 shares of Series B preferred stock, par value $0.001. Series A Preferred Stock Each share of Series A is convertible into 1,000 shares of common. On June 10, 2022, the Company cancelled 328,428 shares of Series A Preferred Stock and had them returned to the Company. Series B Preferred Stock Effective July 14, 2021, the Company, designated its Series B Preferred Stock as voting only shares at 1,000 votes per share.

Related Party Transactions Disc

Related Party Transactions Disclosure	9 Months Ended
	Jun. 30, 2022
Notes
Related Party Transactions Disclosure	NOTE 7 - RELATED PARTY TRANSACTIONS On April 18, 2017, the Company entered into a Convertible Loan Agreement with Kim Halvorson, former CEO and Director. The loan agreement was entered into pursuant to Ms. Halvorson’s agreement to fund the initial expenses of the Company. Per the terms of the agreement any funds loaned to the company or paid out on behalf of the Company will be convertible into shares of common stock at $0.0001 per share. The loans are due on demand and non-interest bearing. During the year ended September 30, 2021, Ms. Halvorson and Triage MicroCap Advisors LLC (“Triage”) (a company owned by Ms. Halvorson) loaned the Company $33,684 and converted $8,707 into 8,680,000 shares of common stock. During the quarter ended March 31, 2022, Ms. Halvorson loaned the Company an additional $20,000. As of June 30, 2022 and September 30, 2021, the balance due to Ms. Halvorson is $69,309 and $51,097, respectively. During the year ended September 30, 2021, Mr. Tang, advance the Company $494 to pay general operating expenses. The advance is non-interest bearing and due on demand. During the quarter ended March 31, 2022, Mr. Tang loaned the Company an additional $20,000. As of June 30, 2022 and September 30, 2021, the balance due to Ms. Tang is $20,494 and $494, respectively. Effective March 7, 2022, Mr. Richard Tang has resigned as Treasurer and officer, and all roles relating to Sino American Oil Company. Effective March 14, 2022, the Company appointed Boriss Aleksandrov as Treasurer and Director of the Company. Effective April 29, 2022, Queenie Wong resigned as a Director of the Company and Kim Halverson resigned as a Director, President and Treasurer of the Company. Ms. Halverson remains as the Secretary of the Company.

Restatement Disclosure

Restatement Disclosure	9 Months Ended
	Jun. 30, 2022
Notes
Restatement Disclosure	NOTE 8 - RESTATEMENT Per ASC 250-10 Accounting Changes and Error Corrections, the June 30, 2021 financial statements have been restated for the following: 1- account for an additional payable 2 - correct fair value of shares issued for services 3 - cancel stock granted to former CEO For the Three Months Ended June 30, 2021 As Reported Adjustment As Restated Operating Expenses: Officer compensation $ 1,836,500 $ (1,812,500) 3 $ 24,000 Consulting 5,554,756 (5,499,780) 2 54,976 Consulting - related party 9,170,000 (9,125,000) 2 45,000 General and administration expenses 11,302 - 11,302 Total operating expense 16,572,558 (16,437,280) 135,278 Loss from operations (16,572,558) 16,437,280 (135,278) Other expense: Interest expense (788) - (788) Total other expense (788) - (788) Net Loss $ (16,573,336) $ 16,437,280 $ (136,056) Net loss per share $ (0.16) $ 0.16 $ (0.00) Weighted average shares outstanding-basic and diluted 103,215,857 (143,406) 103,072,451 For the Six Months Ended June 30, 2021 As Reported Adjustment As Restated Operating Expenses: Officer compensation $ 1,884,500 $ (1,810,500) 3 $ 74,000 Consulting 5,599,756 (5,499,780) 2 99,976 Consulting - related party 9,230,000 (9,124,635) 2 105,365 General and administration expenses 86,081 18,000 1 104,081 Total operating expense 16,800,337 (16,416,915) 383,422 Loss from operations (16,800,337) 16,416,915 (383,422) Other expense: Interest expense (1,308) - (1,308) Total other expense (1,308) - (1,308) Net Loss $ (16,801,645) $ 16,416,915 $ (384,703) Net loss per share $ (0.34) $ 0.33 $ (0.01) Weighted average shares outstanding-basic and diluted 49,809,204 (72,099) 49,737,105

Subsequent Events Disclosure

Subsequent Events Disclosure	9 Months Ended
	Jun. 30, 2022
Notes
Subsequent Events Disclosure	NOTE 9 - SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, Subsequent Events, from the balance sheet date through the date the financial statements were issued and has determined that no additional material subsequent events exist other than the following. Subsequent to June 30, 2022, the remaining outstanding shares of Series A Preferred Stock were returned to the Company and cancelled. Subsequent to June 30, 2022, the Company issued 5,100,000 shares of common stock for services. Subsequent to June 30, 2022, the CEO loaned the Company an additional $1,050 CAD and $24,570 US$ to pay for general operating expense. On July 19, 2022, the Company entered into an Acquisition Agreement (the “Agreement”) with Tritium Inc., a corporation organized under the laws of the Province of Alberta, Canada (“Tritium”) and the shareholders of Tritium (the “Shareholders”) after obtaining requisite approval from the Company’s board of directors, which determined that the transaction was in the best interests of the Company and its stockholders. Pursuant to the Agreement, the Company will acquire 100% of the shares of Tritium through a wholly-owned subsidiary of the Company, Sino Acquisition Corp. The Company will also acquire all assets of Tritium in the transaction. In exchange for 100% of the shares of Tritium, the Company issued five million (5,000,000) shares of common stock at $1.00 a share for a total transaction value of USD $5,000,000. In July 2022, Tritium acquired a 22% ownership in Base Element Energy Inc., a corporation organized under the laws of the Province of Alberta, Canada. The acquisition is subject to the delivery of U.S. GAAP audited financial statements from Tritium and the transfer of title and ownership of the company and its assets to the Company. The Company is in the process of updating its SEDAR filings in Canada to remain compliant in Alberta and meet the requirement of the ASE. This acquisition will be subject to the Company being fully compliant with the Securities regulators of both the U.S. and Canada.

Significant Accounting Polici_2

Significant Accounting Policies: Basis of Accounting, Policy (Policies)	9 Months Ended
	Jun. 30, 2022
Policies
Basis of Accounting, Policy	Basis of presentation The Company’s unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at June 30, 2022, and for the related periods presented have been reflected. The results are not necessarily indicative of the results to be expected for the full year ending September 30, 2022. These unaudited financial statements should be read in conjunction with the financial statements and footnotes included in the Company’s Annual Report on Form 10-K for the year ended September 30, 2021, filed with the Securities and Exchange Commission.

Significant Accounting Polici_3

Significant Accounting Policies: Use of Estimates (Policies)	9 Months Ended
	Jun. 30, 2022
Policies
Use of Estimates	Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Company and on various other assumptions that the Company believes to be reasonable under the circumstances. Actual results could differ from those estimates.

Significant Accounting Polici_4

Significant Accounting Policies: Stock-based Compensation Policy (Policies)	9 Months Ended
	Jun. 30, 2022
Policies
Stock-based Compensation Policy	Stock-based Compensation We account for equity-based transactions with employees and non-employees under the provisions of FASB ASC Topic 718, “Compensation - Stock Compensation” (Topic 718), which establishes that equity-based payments to employees and non-employees are recorded at the grant date the fair value of the equity instruments the entity is obligated to issue when the employees and non-employees have rendered the requisite service and satisfied any other conditions necessary to earn the right to benefit from the instruments. Topic 718 also states that observable market prices of identical or similar equity or liability instruments in active markets are the best evidence of fair value and, if available, should be used as the basis for the measurement for equity and liability instruments awarded in these share-based payment transactions. However, if observable market prices of identical or similar equity or liability instruments are not available, the fair value shall be estimated by using a valuation technique or model that complies with the measurement objective, as described in FASB ASC Topic 718.

Significant Accounting Polici_5

Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	9 Months Ended
	Jun. 30, 2022
Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Restatement Disclosure_ Schedul

Restatement Disclosure: Schedule of Error Corrections and Prior Period Adjustments (Tables)	9 Months Ended
	Jun. 30, 2022
Tables/Schedules
Schedule of Error Corrections and Prior Period Adjustments	For the Three Months Ended June 30, 2021 As Reported Adjustment As Restated Operating Expenses: Officer compensation $ 1,836,500 $ (1,812,500) 3 $ 24,000 Consulting 5,554,756 (5,499,780) 2 54,976 Consulting - related party 9,170,000 (9,125,000) 2 45,000 General and administration expenses 11,302 - 11,302 Total operating expense 16,572,558 (16,437,280) 135,278 Loss from operations (16,572,558) 16,437,280 (135,278) Other expense: Interest expense (788) - (788) Total other expense (788) - (788) Net Loss $ (16,573,336) $ 16,437,280 $ (136,056) Net loss per share $ (0.16) $ 0.16 $ (0.00) Weighted average shares outstanding-basic and diluted 103,215,857 (143,406) 103,072,451 For the Six Months Ended June 30, 2021 As Reported Adjustment As Restated Operating Expenses: Officer compensation $ 1,884,500 $ (1,810,500) 3 $ 74,000 Consulting 5,599,756 (5,499,780) 2 99,976 Consulting - related party 9,230,000 (9,124,635) 2 105,365 General and administration expenses 86,081 18,000 1 104,081 Total operating expense 16,800,337 (16,416,915) 383,422 Loss from operations (16,800,337) 16,416,915 (383,422) Other expense: Interest expense (1,308) - (1,308) Total other expense (1,308) - (1,308) Net Loss $ (16,801,645) $ 16,416,915 $ (384,703) Net loss per share $ (0.34) $ 0.33 $ (0.01) Weighted average shares outstanding-basic and diluted 49,809,204 (72,099) 49,737,105

Loan Payable Disclosure (Detail

Loan Payable Disclosure (Details) - USD ($)	Jun. 30, 2022	Sep. 30, 2021
Loans payable, current	$ 199,492	$ 167,644
Accrued interest, current	4,430	2,095
White Sands Securities
Loans payable, current	$ 85,389
Loans payable, interest rate	8%
Accrued interest, current	$ 4,430	$ 2,095
Home Run Oil and Gas
Loans payable, current	$ 114,103

Common Stock Disclosure (Detail

Common Stock Disclosure (Details) - USD ($)	2 Months Ended	3 Months Ended				9 Months Ended
	Aug. 22, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Jun. 30, 2022
Shares issued for services, shares	5,100,000
Shares issued for services, value				$ 8	$ 220
Shares issued for services - related, value			$ 1,750		$ 365
Stock cancelled, shares		1,960,000
MOU with Estacado Energy LLC
Shares issued for services, shares				80,000
Per share issued value		$ 0.0001				$ 0.0001
Shares issued for services, value						$ 8
Incentive for Treasurer and Director
Per share issued value		$ 0.0001				$ 0.0001
Shares issued for services - related, shares			17,500,000
Shares issued for services - related, value			$ 1,750

Preferred stock Disclosure (Det

Preferred stock Disclosure (Details) - $ / shares	3 Months Ended	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Sep. 30, 2021
Preferred A authorized	10,000,000	10,000,000	10,000,000
Preferred A par value	$ 0.001	$ 0.001	$ 0.001
Preferred stock Authorized, Series B	10,000,000	10,000,000
Preferred stock Par Value, Series B	$ 0.001	$ 0.001	$ 0.001
Preferred stock Authorized, Series A		Series A is convertible into 1,000 shares of common
Stock cancelled, shares	(1,960,000)
Series A Preferred Stock
Stock cancelled, shares	328,428

Related Party Transactions Di_2

Related Party Transactions Disclosure (Details) - USD ($)	2 Months Ended	3 Months Ended	9 Months Ended		12 Months Ended
	Aug. 22, 2022	Mar. 31, 2022	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021
Proceeds from loans payable, related	$ 24,570		$ 43,077	$ 37,309
Loans payable - related party, current			94,669		$ 51,592
Triage MicroCap Advisors LLC
Proceeds from loans payable, related		$ 20,000			33,684
Debt converted to common stock, noncash					$ 8,707
Shares issued for debt, shares					8,680,000
Loans payable - related party, current			69,309		$ 51,097
Richard Tang
Loans payable - related party, current			$ 20,494		494
Advance from officer		$ 20,000			$ 494

Subsequent Events Disclosure (D

Subsequent Events Disclosure (Details) - USD ($)	1 Months Ended	2 Months Ended	9 Months Ended
	Jul. 19, 2022	Aug. 22, 2022	Jun. 30, 2022	Jun. 30, 2021	Jul. 20, 2022
Shares issued for services, shares		5,100,000
Proceeds from loans payable, related		$ 24,570	$ 43,077	$ 37,309
Tritium
Business aquisition, perc of stock acquired	100%
Business aquisition, equity stock issued	5,000,000
Business aquisition, value of equity issued per share	$ 1
Business aquisition, value of equity issued	$ 5,000,000
Base Element Energy
Business aquisition, perc of stock acquired					22%