Document and Entity Information
Document and Entity Information | 6 Months Ended |
Mar. 31, 2020shares | |
Document And Entity Information | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2020 |
Document Fiscal Period Focus | Q2 |
Document Fiscal Year Focus | 2020 |
Current Fiscal Year End Date | --09-30 |
Entity Registrant Name | Gryphon Resources, Inc. |
Entity Central Index Key | 0001372954 |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | No |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | true |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Document Quarterly Report | true |
Document Transition Report | false |
Entity Incorporation State Country Code | NV |
Entity File Number | 000-53371 |
Entity Common Stock, Shares Outstanding | 267,675,000 |
BALANCE SHEETS (Unaudited)
BALANCE SHEETS (Unaudited) - USD ($) | Mar. 31, 2020 | Sep. 30, 2019 |
Current Assets: | ||
Cash | ||
Total Current Assets | ||
TOTAL ASSETS | ||
Current Liabilities: | ||
Accounts Payable | 2,427 | 5,250 |
Accounts Payable - Related Party | 2,500 | 1,500 |
Interest Payable - Related Party | 1,447 | 549 |
Notes Payable - Related Party | 25,045 | 17,798 |
Total Current Liabilities | 31,419 | 25,097 |
Total Liabilities | 31,419 | 25,097 |
Stockholder's Deficit | ||
Common Stock, par value $0.001, 400,000,000 shares Authorized, 267,675,000 shares Issued and Outstanding at March 31, 2020 and at September 30, 2019 | 267,675 | 267,675 |
Additional Paid-In Capital | 459,270 | 459,270 |
Accumulated Deficit | (758,364) | (752,042) |
Total Stockholder's Deficit | (31,419) | (25,097) |
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT |
BALANCE SHEETS (Unaudited) (Par
BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares | Mar. 31, 2020 | Sep. 30, 2019 |
Statement of Financial Position [Abstract] | ||
Common stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 400,000,000 | 400,000,000 |
Common stock, shares issued | 267,675,000 | 267,675,000 |
Common stock, outstanding | 267,675,000 | 267,675,000 |
STATEMENTS OF OPERATIONS (Unaud
STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2020 | Mar. 31, 2019 | Mar. 31, 2020 | Mar. 31, 2019 | |
Income Statement [Abstract] | ||||
Revenues: | ||||
Expenses: | ||||
Professional fees | 1,517 | 11,125 | 3,872 | 12,008 |
General and administrative expense | 410 | 1,083 | 1,552 | 1,083 |
Total Operating Expenses | 1,927 | 12,208 | 5,424 | 13,091 |
Operating Loss | (1,927) | (12,208) | (5,424) | (13,091) |
Other Expense | ||||
Interest expense | 537 | 10,000 | 898 | 15,206 |
Net Loss | $ (2,464) | $ (22,208) | $ (6,322) | $ (28,297) |
Basic & Diluted Loss per Common Share | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted Average Common Shares Outstanding | 276,675,000 | 276,675,000 | 276,675,000 | 178,664,011 |
STATEMENTS OF CASH FLOWS (Unaud
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 6 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net Loss | $ (6,322) | $ (28,297) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Benefical Conversion Feature | 15,000 | |
Changes In: | ||
Accounts Payable | (2,823) | (5,703) |
Accounts Payable - Related Party | 1,000 | (3,000) |
Interest Payable - Related Party | 898 | 206 |
Net Cash Used in Operating Activities | (7,247) | (21,794) |
CASH FLOWS FROM FINANCING | ||
Proceeds from Note Payable - Related Party | 7,247 | 21,794 |
Net Cash Provided by Financing Activities | 7,247 | 21,794 |
Net (Decrease) Increase in Cash | ||
Cash at Beginning of Period | ||
Cash at End of Period | ||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
Cash paid during the year for: Interest | ||
Cash paid during the year for: Franchise Taxes |
STATEMENT OF STOCKHOLDERS' DEFI
STATEMENT OF STOCKHOLDERS' DEFICIT (Unaudited) - USD ($) | Common Stock | Additional Paid-In Capital | Accumulated Deficit | Total |
Beginning Balance, shares at Sep. 30, 2018 | 117,675,000 | |||
Beginning Balance, amount at Sep. 30, 2018 | $ 117,675 | $ 573,109 | $ (715,878) | $ (25,094) |
Beneficial Conversion Feature | 5,000 | 5,000 | ||
Net loss | (6,089) | (6,089) | ||
Ending Balance, Shares at Dec. 31, 2018 | 117,675,000 | |||
Ending Balance, Amount at Dec. 31, 2018 | $ 117,675 | 578,109 | (721,967) | (26,183) |
Beneficial Conversion Feature | $ 10,000 | $ 10,000 | ||
Stock Issuance for the Cancellation of Debt, shares | 150,000,000 | (128,839) | 21,161 | |
Stock Issuance for the Cancellation of Debt, amount | $ 150,000 | |||
Net loss | $ (22,208) | $ (22,208) | ||
Ending Balance, Shares at Mar. 31, 2019 | 267,675,000 | |||
Ending Balance, Amount at Mar. 31, 2019 | $ 267,675 | 459,270 | (744,175) | (17,230) |
Beginning Balance, shares at Sep. 30, 2019 | 267,675,000 | |||
Beginning Balance, amount at Sep. 30, 2019 | $ 267,675 | 459,270 | (752,042) | (25,097) |
Net loss | (3,858) | (3,858) | ||
Ending Balance, Shares at Dec. 31, 2019 | 267,675,000 | |||
Ending Balance, Amount at Dec. 31, 2019 | $ 267,675 | 459,270 | (755,900) | (28,955) |
Beginning Balance, shares at Sep. 30, 2019 | 267,675,000 | |||
Beginning Balance, amount at Sep. 30, 2019 | $ 267,675 | 459,270 | (752,042) | (25,097) |
Beneficial Conversion Feature | ||||
Ending Balance, Shares at Mar. 31, 2020 | 267,675,000 | |||
Ending Balance, Amount at Mar. 31, 2020 | $ 267,675 | 459,270 | (758,364) | (31,419) |
Beginning Balance, shares at Dec. 31, 2019 | 267,675,000 | |||
Beginning Balance, amount at Dec. 31, 2019 | $ 267,675 | 459,270 | (755,900) | (28,955) |
Net loss | (2,464) | (2,464) | ||
Ending Balance, Shares at Mar. 31, 2020 | 267,675,000 | |||
Ending Balance, Amount at Mar. 31, 2020 | $ 267,675 | $ 459,270 | $ (758,364) | $ (31,419) |
Organization and Description of
Organization and Description of Business | 6 Months Ended |
Mar. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Description of Business | Note 1. Organization and Description of Business The Company is engaged in business in the real estate and financial services industries. |
Going Concern Uncertainties
Going Concern Uncertainties | 6 Months Ended |
Mar. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern Uncertainties | Note 2. Going Concern Uncertainties The Company has not generated any revenues, has an accumulated deficit of $758,364 as of March 31, 2020, and does not have positive cash flows from operating activities. The Company expects to incur additional losses as it continues to identify and develop new commercial opportunities. The Company will be subject to the risks, uncertainties, and difficulties frequently encountered by early-stage companies. The Company may not be able to successfully address any or all of these risks and uncertainties. Failure to adequately do so could cause the Companys business, results of operations, and financial condition to suffer. These conditions raise substantial doubt about the Companys ability to continue as a going concern for a period of one year from the issuance date of these financial statements. The Companys ability to continue as a going concern is an issue due to its net losses and negative cash flows from operations, and its need for additional financing to fund future operations. Management plans to identify commercial opportunities and to obtain necessary funding from outside sources. There can be no assurance that such funds, if available, can be obtained on terms reasonable to the Company. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern and do not include any adjustments that may result from the outcome of this uncertainty. Based on the Companys current level of expenditures, management believes that cash on hand is adequate to fund operations for at least the next twelve months. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Mar. 31, 2020 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Note 3. Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited interim financial statements as of March 31, 2020, and for the six months ended March 31, 2020 and 2019 have been prepared in accordance with accounting principles generally accepted for interim financial statement presentation and in accordance with the instructions to Form 10-Q. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statement presentation. They should be read in conjunction with the Companys annual report on Form 10-K for the year ended September 30, 2019. In the opinion of management, the financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to fairly present the financial position as of March 31, 2020 and the results of operations for the six months ended March 31, 2020 and 2019 and cash flows for the six months ended March 31, 2020 and 2019. The results of operations for the six months ended March 31, 2020 are not necessarily indicative of the results to be expected for the full year. Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and expenses during the reporting period. On an on-going basis, the Company evaluates its estimates. Actual results and outcomes may differ materially from the estimates as additional information becomes known . Cash and Cash Equivalents Cash and cash equivalents include highly liquid investments with original maturities of six months or less. On occasion, the Company has amounts deposited with financial institutions in excess of federally insured limits. Fair Value of Financial Instruments The Company measures certain financial assets and liabilities at fair value based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. The carrying value of cash and cash equivalents and accounts payable approximate their fair value because of the short-term nature of these instruments and their liquidity. Management is of the opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments. Income Taxes Deferred income tax assets and liabilities are determined based on the estimated future tax effects of net operating loss and credit carryforwards and temporary differences between the tax basis of assets and liabilities and their respective financial reporting amounts measured at the current enacted tax rates. The Company records an estimated valuation allowance on its deferred income tax assets if it is not more likely than not that these deferred income tax assets will be realized. The Company recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. As of March 31, 2020, and 2019, the Company has not recorded any unrecognized tax benefits. See Note 6. Income Taxes. Segment Reporting The Companys business currently operates in one segment. Net Loss per Share The computation of basic net loss per common share is based on the weighted average number of shares that were outstanding during the year. The computation of diluted net loss per common share is based on the weighted average number of shares used in the basic net loss per share calculation plus the number of common shares that would be issued assuming the exercise of all potentially dilutive common shares outstanding using the treasury stock method. See Note 4. Net Loss Per Share. Recently Issued Accounting Pronouncements The Company reviews new accounting standards as issued. Although some of these accounting standards issued or effective after the end of the Companys previous fiscal year may be applicable to the Company, it has not identified any standards that it believes merit further discussion. The Company does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on its financial position, results of operations, or cash flows. |
Net Loss Per Share
Net Loss Per Share | 6 Months Ended |
Mar. 31, 2020 | |
Equity [Abstract] | |
Net Loss Per Share | Note 4. Net Loss Per Share During the six months ended March 31, 2020 and March 31, 2019, the Company recorded a net loss. The Company does not have any potentially dilutive securities outstanding. Therefore, basic and diluted net loss per share is the same for those periods. |
Related Party
Related Party | 6 Months Ended |
Mar. 31, 2020 | |
Related Party Transactions [Abstract] | |
Related Party | Note 5. Related Party From September 2018 March 31, 2020, the Company incurred a related party payable in the amount of $6,500 to an entity related to the legal custodian of the Company for professional fees. On March 31, 2019, $4,000 of this balance was converted into a promissory note payable, bearing interest at an annual rate of 10% and $2,500 remains outstanding. On September 30, 2018 the Company issued $5,955 in convertible note payable to an entity related to the legal custodian of the Company. This note bears interest at an annual rate of 10% and is convertible to common shares of the Company at $0.0001 per share. In connection with the above note, the Company recognized a beneficial conversion feature of $5,955, representing the maximum amount of the intrinsic value of the conversion feature at the time of issuance. This beneficial conversion feature was accreted to interest expense during the year ended September 30, 2018. As of September 30, 2019, this note has been converted and $0 of the principal balance and $0 accrued interest is outstanding on the note payable. In December 2018, the Company issued $5,000 in convertible notes payable to an entity related to the legal custodian of the Company. This note bears interest at an annual rate of 10% and is convertible to common shares of the Company at $0.0001 per share. In connection with the above note, the Company recognized a beneficial conversion feature of $5,000, representing the maximum amount of the intrinsic value of the conversion feature at the time of issuance. This beneficial conversion feature was accreted to interest expense during the year ended September 30, 2019. As of September 30, 2019, this note has been converted and $0 of the principal balance and $0 accrued interest is outstanding on the note payable. In January 2019, 150,000,000 million shares were issued in exchange for the cancellations of debt, $21,161 in convertible notes payable and accrued interest to an entity related to the legal custodian of the Company. In March 2019, the Company issued a $4,000 promissory note payable and a $2,794 promissory note payable to entities related to the legal custodian of the Company. These notes bear interest at an annual rate of 10% and are payable on demand. In January 2019, the Company issued a $10,000 in a convertible note payable to an entity related to the legal custodian of the Company. This note bears interest at an annual rate of 10% and is convertible to common shares of the Company at $0.0001 per share. In connection with the above note, the Company recognized a beneficial conversion feature of $10,000, representing the maximum amount of the intrinsic value of the conversion feature at the time of issuance. This beneficial conversion feature was accreted to interest expense during the year ended September 30, 2019. As of September 30, 2019, this note has been converted and $0 is outstanding in principal and accrued interest. In June 2019, the Company issued a $5,000 promissory note payable and a $354 promissory note payable to entities related to the legal custodian of the Company. These notes bear interest at an annual rate of 10% and are payable on demand. In July 2019, the Company issued a $2,150 promissory note payable related to the legal custodian of the Company. This note bears interest at an annual rate of 10% and are payable on demand. In September 2019, the Company issued a $3,500 promissory note payable related to the legal custodian of the Company. This note is non- interest bearing and are payable on demand. In December 2019, the Company issued a $7,247 promissory note payable related to the legal custodian of the Company. This note bears interest at an annual rate of 10% and is payable on demand. As of the six months ended March 31, 2020, the Company has $25,045 in promissory notes payable to a legal custodian of the company and related accrued interest on these notes of $1,447. |
Income Taxes
Income Taxes | 6 Months Ended |
Mar. 31, 2020 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 6. Income Taxes Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Companys deferred tax assets on March 31, 2020 and September 30, 2019 are as follows: March 31, 2020 September 30, 2019 Deferred tax assets: Net operating loss carryforwards $ 158,995 $ 157,667 Total deferred tax assets 158,995 157,667 Less: valuation allowance (158,995) (157,667) Net deferred tax asset $ $ The net increase in the valuation allowance for deferred tax assets was $810 for the six months ended March 31, 2020. The Company evaluates its valuation allowance on an annual basis based on projected future operations. When circumstances change and this causes a change in managements judgment about the realizability of deferred tax assets, the impact of the change on the valuation allowance is reflected in current operations. For federal income tax purposes, the Company has net U.S. operating loss carry forwards on March 31, 2020 available to offset future federal taxable income, if any, of $758,364. Accordingly, there is no current tax expense for the six months ended March 31, 2020 and 2019. The utilization of the tax net operating loss carry forwards may be limited due to ownership changes that have occurred as a result of sales of common stock. The effects of state income taxes were insignificant for the six months ended March 31, 2020 and 2019. The following is a reconciliation between expected income tax benefit and actual, using the applicable statutory income tax rate of 21% for the six months ended March 31, 2020 and 2019, respectively: Six months Ended March 31, 2020 2019 Income tax benefit at statutory rate $ 1,328 $ 5,942 Change in valuation allowance (1,328) (5,942) $ - $ - The fiscal years 2012 through 2019 remain open to examination by federal authorities and other jurisdictions in which the Company operates. On December 22, 2017, the Tax Cuts and Jobs Act was enacted. This law substantially amended the Internal Revenue Code, including reducing the U.S. corporate tax rates. Upon enactment, the Companys deferred tax asset and related valuation allowance decreased by $110,223 to $150,334. As the deferred tax asset is fully allowed for, this change in rates had no impact on the Companys financial position or results of operations. |
Subsequent Events
Subsequent Events | 6 Months Ended |
Mar. 31, 2020 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 7. Subsequent Events On March 25, 2020, as a result of a private transaction, the control block of voting stock of Gryphon Resources, Inc. (the Company) represented by 142,500,000 shares of common stock [Shares] which is an ownership interest of approximately 53% has been transferred from Tourmeline Ventures, LLC [Seller] to Mr. Seong Y. Lee [The Purchaser]. The consideration for the shares was $0.0028 per share. The source of cash consideration for the shares was personal funds of the Purchaser. The officers and directors of the Company have not changed. On April 15, 2020 the Board of Directors of Gryphon Resources, Inc. in accordance with the terms of that certain stock purchase agreement dated March 6, 2020 elected to increase the number of directors on its Board from one (1) to two (2). In addition, the Board voted to elect Mr. Seong Yeol Lee, the current majority owner of the Companys outstanding shares of common stock, director and Chief Executive Officer to fill the created position. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Mar. 31, 2020 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying unaudited interim financial statements as of March 31, 2020, and for the six months ended March 31, 2020 and 2019 have been prepared in accordance with accounting principles generally accepted for interim financial statement presentation and in accordance with the instructions to Form 10-Q. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statement presentation. They should be read in conjunction with the Companys annual report on Form 10-K for the year ended September 30, 2019. In the opinion of management, the financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to fairly present the financial position as of March 31, 2020 and the results of operations for the six months ended March 31, 2020 and 2019 and cash flows for the six months ended March 31, 2020 and 2019. The results of operations for the six months ended March 31, 2020 are not necessarily indicative of the results to be expected for the full year. |
Estimates | Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and expenses during the reporting period. On an on-going basis, the Company evaluates its estimates. Actual results and outcomes may differ materially from the estimates as additional information becomes known |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash and cash equivalents include highly liquid investments with original maturities of six months or less. On occasion, the Company has amounts deposited with financial institutions in excess of federally insured limits. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company measures certain financial assets and liabilities at fair value based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. The carrying value of cash and cash equivalents and accounts payable approximate their fair value because of the short-term nature of these instruments and their liquidity. Management is of the opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments. |
Income Taxes | Income Taxes Deferred income tax assets and liabilities are determined based on the estimated future tax effects of net operating loss and credit carryforwards and temporary differences between the tax basis of assets and liabilities and their respective financial reporting amounts measured at the current enacted tax rates. The Company records an estimated valuation allowance on its deferred income tax assets if it is not more likely than not that these deferred income tax assets will be realized. The Company recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. As of March 31, 2020, and 2019, the Company has not recorded any unrecognized tax benefits. See Note 6. Income Taxes. |
Segment Reporting | Segment Reporting The Companys business currently operates in one segment. |
Net Loss per Share | Net Loss per Share The computation of basic net loss per common share is based on the weighted average number of shares that were outstanding during the year. The computation of diluted net loss per common share is based on the weighted average number of shares used in the basic net loss per share calculation plus the number of common shares that would be issued assuming the exercise of all potentially dilutive common shares outstanding using the treasury stock method. See Note 4. Net Loss Per Share. |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements The Company reviews new accounting standards as issued. Although some of these accounting standards issued or effective after the end of the Companys previous fiscal year may be applicable to the Company, it has not identified any standards that it believes merit further discussion. The Company does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on its financial position, results of operations, or cash flows. |
Income Taxes (Tables)
Income Taxes (Tables) | 6 Months Ended |
Mar. 31, 2020 | |
Income Tax Disclosure [Abstract] | |
Deferred tax asset | Significant components of the Companys deferred tax assets on March 31, 2020 and September 30, 2019 are as follows: March 31, 2020 September 30, 2019 Deferred tax assets: Net operating loss carryforwards $ 158,995 $ 157,667 Total deferred tax assets 158,995 157,667 Less: valuation allowance (158,995) (157,667) Net deferred tax asset $ $ |
Income tax benefit | The following is a reconciliation between expected income tax benefit and actual, using the applicable statutory income tax rate of 21% for the six months ended March 31, 2020 and 2019, respectively: Six months Ended March 31, 2020 2019 Income tax benefit at statutory rate $ 1,328 $ 5,942 Change in valuation allowance (1,328) (5,942) $ - $ - |
Going Concern Uncertainties (De
Going Concern Uncertainties (Details Narrative) - USD ($) | Mar. 31, 2020 | Sep. 30, 2019 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Accumulated Deficit | $ 758,364 | $ 752,042 |
Related Party (Details Narrativ
Related Party (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 18 Months Ended | |||||||||
Dec. 31, 2019 | Sep. 30, 2019 | Jul. 31, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Jan. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2020 | Mar. 31, 2019 | Mar. 31, 2020 | |
Proceeds from Note Payable - Related Party | $ 7,247 | $ 21,794 | |||||||||||
Beneficial Conversion Feature | $ 10,000 | $ 5,000 | |||||||||||
Notes Payable - Related Party | $ 17,798 | 25,045 | $ 25,045 | ||||||||||
Interest Payable - Related Party | 898 | 206 | |||||||||||
Stock Issuance for Cancellation of Debt, shares | 21,161 | ||||||||||||
Accrued interest | $ 1,447 | ||||||||||||
Related Party 1 [Member] | |||||||||||||
Date of Transaction | Mar. 31, 2020 | ||||||||||||
Proceeds from Note Payable - Related Party | $ 6,500 | ||||||||||||
Promissory Note | $ 4,000 | $ 4,000 | 4,000 | ||||||||||
Interest rate | 10.00% | ||||||||||||
Notes Payable - Related Party | $ 2,500 | 2,500 | 2,500 | ||||||||||
Related Party 2 [Member] | |||||||||||||
Date of Transaction | Sep. 30, 2018 | ||||||||||||
Promissory Note | $ 5,955 | ||||||||||||
Interest rate | 10.00% | ||||||||||||
Convertible debt. per share | $ 0.0001 | ||||||||||||
Beneficial Conversion Feature | $ 5,955 | ||||||||||||
Notes Payable - Related Party | 0 | ||||||||||||
Interest Payable - Related Party | 0 | ||||||||||||
Related Party 3 [Member] | |||||||||||||
Date of Transaction | Dec. 31, 2018 | ||||||||||||
Promissory Note | $ 5,000 | $ 5,000 | |||||||||||
Interest rate | 10.00% | ||||||||||||
Convertible debt. per share | $ 0.0001 | $ 0.0001 | |||||||||||
Beneficial Conversion Feature | $ 5,000 | ||||||||||||
Notes Payable - Related Party | 0 | ||||||||||||
Interest Payable - Related Party | 0 | ||||||||||||
Related Party 4 [Member] | |||||||||||||
Date of Transaction | Jan. 31, 2019 | ||||||||||||
Promissory Note | $ 10,000 | ||||||||||||
Interest rate | 10.00% | ||||||||||||
Convertible debt. per share | $ 0.0001 | ||||||||||||
Beneficial Conversion Feature | $ 10,000 | ||||||||||||
Notes Payable - Related Party | 0 | ||||||||||||
Interest Payable - Related Party | $ 0 | ||||||||||||
Stock Issuance for Cancellation of Debt, shares | 150,000,000 | ||||||||||||
Stock Issuance for Cancellation of Debt, amount | $ 21,161 | ||||||||||||
Related Party 5 [Member] | |||||||||||||
Date of Transaction | Mar. 31, 2019 | ||||||||||||
Promissory Note | $ 4,000 | 4,000 | 4,000 | ||||||||||
Promissory Note | $ 2,794 | $ 2,794 | $ 2,794 | ||||||||||
Interest rate | 10.00% | ||||||||||||
Related Party 6 [Member] | |||||||||||||
Date of Transaction | Jun. 30, 2019 | ||||||||||||
Promissory Note | $ 5,000 | ||||||||||||
Promissory Note | $ 354 | ||||||||||||
Interest rate | 10.00% | ||||||||||||
Related Party 7 [Member] | |||||||||||||
Date of Transaction | Jul. 31, 2019 | ||||||||||||
Promissory Note | $ 2,150 | ||||||||||||
Interest rate | 10.00% | ||||||||||||
Related Party 8 [Member] | |||||||||||||
Date of Transaction | Sep. 30, 2019 | ||||||||||||
Promissory Note | $ 3,500 | ||||||||||||
Related Party 9 [Member] | |||||||||||||
Date of Transaction | Dec. 31, 2019 | ||||||||||||
Promissory Note | $ 7,247 | ||||||||||||
Interest rate | 10.00% |
Income Taxes - Deferred tax ass
Income Taxes - Deferred tax asset (Details) - USD ($) | Mar. 31, 2020 | Sep. 30, 2019 |
Deferred tax assets: | ||
Net operating loss carryforwards | $ 158,995 | $ 157,667 |
Total deferred tax assets | 158,995 | 157,667 |
Less: valuation allowance | (158,995) | (157,667) |
Net deferred tax asset |
Income Taxes - Income tax benef
Income Taxes - Income tax benefit (Details) - USD ($) | 6 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Income Tax Disclosure [Abstract] | ||
Income tax benefit at statutory rate | $ 1,328 | $ 5,942 |
Change in valuation allowance | (1,328) | (5,942) |
Income tax benefit |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) | 6 Months Ended |
Mar. 31, 2020USD ($) | |
Income Tax Disclosure [Abstract] | |
Valuation allowance for deferred tax assets | $ 810 |
Operating loss carry forwards | 758,364 |
Deferred tax asset, decrease by | 110,223 |
Deferred tax asset | $ 150,334 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - $ / shares | Mar. 31, 2020 | Mar. 25, 2020 | Sep. 30, 2019 |
Subsequent Events [Abstract] | |||
Common shares | 267,675,000 | 142,500,000 | 267,675,000 |
Ownership interest | 53.00% | ||
Consideration per share | $ 0.0028 |