Cover
Cover - USD ($) | 12 Months Ended | ||
Sep. 30, 2018 | Dec. 29, 2018 | Mar. 30, 2018 | |
Cover [Abstract] | |||
Entity Registrant Name | Kingfish Holding Corporation | ||
Entity Central Index Key | 0001374881 | ||
Document Type | 10-K | ||
Amendment Flag | false | ||
Entity Voluntary Filers | No | ||
Current Fiscal Year End Date | --09-30 | ||
Entity Well Known Seasoned Issuer | No | ||
Entity Small Business | true | ||
Entity Shell Company | true | ||
Entity Emerging Growth Company | false | ||
Entity Current Reporting Status | No | ||
Document Period End Date | Sep. 30, 2018 | ||
Entity Filer Category | Non-accelerated Filer | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2018 | ||
Entity Common Stock Shares Outstanding | 120,942,987 | ||
Entity Public Float | $ 72,721 | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Entity Tax Identification Number | 20-4838580 | ||
Entity Address Address Line 1 | 2641 49th Street | ||
Entity Address City Or Town | Sarasota | ||
Entity Address State Or Province | FL | ||
Entity Address Postal Zip Code | 34234 | ||
City Area Code | 941 | ||
Auditor Name | Accell Audit & Compliance, PA | ||
Auditor Location | Tampa, Florida | ||
Local Phone Number | 870-2986 | ||
Entity Interactive Data Current | No |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Sep. 30, 2018 | Sep. 30, 2017 |
Current assets: | ||
Cash | $ 5,017 | $ 8,242 |
Total Assets | 5,017 | 8,242 |
Current liabilities: | ||
Accounts payable | 109,512 | 109,512 |
Accrued interest payable | 7,529 | 4,379 |
Convertible notes payable to related party | 90,000 | 90,000 |
Total Current Liabilities | 207,041 | 203,891 |
Long term liabilities: | ||
Rescission liability | 20,000 | 20,000 |
Total Long Term Liabilities | 20,000 | 20,000 |
Total Liabilities | 227,041 | 223,891 |
Stockholders' deficit: | ||
Preferred stock, par $0.0001, 20,000,000 shares authorized, 0 shares issued and outstanding at September 30, 2018 and 2017, respectively | 0 | 0 |
Common stock, par $0.0001, 200,000,000 shares authorized, 120,942,987 shares issued and outstanding at September 30, 2018 and 2017, respectively | 12,094 | 12,094 |
Paid in capital | 4,378,213 | 4,378,213 |
Retained deficit | (4,592,331) | (4,585,956) |
Rescission liability long term | (20,000) | (20,000) |
Total Stockholder's Deficit | (222,024) | (215,649) |
Total Liabilities and Stockholders' Deficit | $ 5,017 | $ 8,242 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - $ / shares | Sep. 30, 2018 | Sep. 30, 2017 |
Stockholders' Deficit: | ||
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, issued shares | 120,942,987 | 120,942,987 |
Common stock, shares outstanding | 120,942,987 | 120,942,987 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Expenses: | ||
Professional fees | $ 3,075 | $ 3,013 |
Interest expense | 3,150 | 3,470 |
Taxes and licenses | 150 | 150 |
General and Administrative Expenses | 6,375 | 6,633 |
Net Income (Loss) Before Income Taxes | (6,375) | (6,633) |
Provision for income taxes | 0 | 0 |
Net Income (Loss) | $ (6,375) | $ (6,633) |
Basic and diluted net income (loss) per share | $ 0 | $ 0 |
Basic and diluted weighted average common shares outstanding | 120,942,987 | 120,942,987 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash Flows From Operating Activities: | ||
Net income (loss) | $ (6,375) | $ (6,633) |
Changes in operating assets and liabilities: | ||
Accounts payable | 0 | (9,583) |
Accrued interest payable | 3,150 | 3,150 |
Net Cash flows used by operating activities | (3,225) | (13,066) |
Net Increase (Decrease) in Cash | (3,225) | (13,066) |
Cash at the beginning of year | 8,242 | 21,308 |
Cash at the end of the year | $ 5,017 | $ 8,242 |
STATEMENTS OF CHANGES IN STOCKH
STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($) | Total | Common Stock | Common Stock Payable [Member] | Additional Paid-In Capital | Retained Earnings (Accumulated Deficit) | Rescission Liability [Member] |
Balance, shares at Sep. 30, 2016 | 120,942,987 | |||||
Balance, amount at Sep. 30, 2016 | $ (209,016) | $ 12,094 | $ 0 | $ 4,378,213 | $ (20,000) | $ (4,579,323) |
Net Loss | (6,633) | $ 0 | 0 | 0 | 0 | (6,633) |
Balance, shares at Sep. 30, 2017 | 120,942,987 | |||||
Balance, amount at Sep. 30, 2017 | (215,649) | $ 12,094 | 0 | 4,378,213 | (20,000) | (4,585,956) |
Net Loss | (6,375) | $ 0 | 0 | 0 | 0 | (6,375) |
Balance, shares at Sep. 30, 2018 | 120,942,987 | |||||
Balance, amount at Sep. 30, 2018 | $ (222,024) | $ 12,094 | $ 0 | $ 4,378,213 | $ (20,000) | $ (4,592,331) |
Business
Business | 12 Months Ended |
Sep. 30, 2018 | |
Business | |
1. Business | Our Business: Kingfish Holding Corporation (the “Company”) was incorporated in the State of Delaware on April 11, 2006 as Offline Consulting, Inc. It became Kesselring Holding Corporation on June 8, 2007 and on November 25, 2014 it changed its name to Kingfish Holding Corporation. The Company was engaged in (i) restoration services, principally to commercial property owners, (ii) the manufacture and sale of cabinetry and remodeling products, principally to contractors and (iii) multifamily and commercial remodeling and building services on customer owned properties. The Company discontinued operations in 2009, sold our last subsidiary in May 2010, and effected a change in management and control at the same time. As part of this transition, old management took possession of the majority of the accounting and corporate records. Prior to terminating the registration of its common stock under Section 12 of the Exchange Act and the suspension of its reporting obligations under Section 15(d) of the Exchange Act, the Company’s last annual report Form 10-KSB for the year ended September 30, 2008 was filed with the Securities and Exchange Commission (“SEC”) on December 29, 2008 and the Company’s last quarterly report Form 10-Q for the period ended June 30, 2009 was filed with the SEC on August 19, 2009. On December 17, 2014, the Company reactivated its suspended reporting obligations under Section 15(d) of the Exchange Act by filing a Form 10-K for the fiscal year ended September 30, 2013 and Forms 10-Q for the quarters ended December 31, 2013, March 31, 2014 and June 30, 2014. The Company's activities are subject to significant risks and uncertainties, including failing to secure additional funding to reorganize and finding a suitable candidate to participate in its renewable energy initiatives. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Sep. 30, 2018 | |
Summary of Significant Accounting Policies | |
2. Summary of Significant Accounting Policies | Basis of presentation The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”), and pursuant to the rules and regulations of the SEC and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the years ended September 30, 2018 and 2017. Use of estimates: The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Cash: Cash is maintained at a financial institution and, at times, balance may exceed federally insured limits. We have never experienced any losses related to the balance. Currently, the FDIC provides insurance coverage up to $250,000 per depositor at each financial institution and our cash balance did not exceed such coverage on September 30, 2018. For purpose our statements of cash flows, the Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash. Fair Value of Financial Instruments: The carrying amounts of cash and current liabilities approximate fair value because of the short maturity of these items. These fair value estimates are subjective in nature and involve uncertainties and matters of significant judgment, and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect these estimates. Management does not hold or issue financial instruments for trading purposes, nor do the Company utilize derivative instruments in the management of the Company's foreign exchange, commodity price or interest rate market risks. The FASB Codification clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. It also requires disclosure about how fair value is determined for assets and liabilities and establishes a hierarchy for which these assets and liabilities must be grouped, based on significant levels of inputs as follows: Level 1: Quoted prices in active markets for identical assets or liabilities Level 2: Quoted prices in active markets for similar assets and liabilities and inputs that are observable for the asset or liability Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Revenue Recognition: The Company's revenues from contracts with customers may be recognized when services are completed or as they are rendered, although contracts are generally short-term by nature. Services provided over a period of time are typically transferred to customers evenly over the term of the contracts and the corresponding revenue is recognized as services are provided. Payment terms vary by services offered, and the timing between completion of performance obligations and payment is typically not significant. Income Taxes: Deferred taxes are provided on the asset and liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Future tax benefits for net operating loss carry forwards are recognized to the extent that realization of these benefits is considered more likely than not. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company follows the provisions of FASB ASC 740-10 “Uncertainty in Income Taxes” (ASC 740-10). A reconciliation of the beginning and ending amount of unrecognized tax benefits has not been provided since there are no unrecognized benefits for all periods presented. The Company has not recognized interest expense or penalties as a result of the implementation of ASC 740-10. If there were an unrecognized tax benefit, the Company would recognize interest accrued related to unrecognized tax benefit in interest expense and penalties in operating expenses. Net income (loss) per share: Basic income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of outstanding common shares during the period of computation. Diluted loss per share gives effect to potentially dilutive common shares outstanding. The Company gives effect to these dilutive securities using the Treasury Stock Method. Potentially dilutive securities include convertible financial instruments. The Company gives effect to these dilutive securities using the If-Converted-Method. At September 30, 2018, and 2017 convertible notes payable to related party of $90,000 can potentially convert into 90,000 shares of common stock. Interest expense related to the convertible notes was immaterial. These shares have been excluded from the diluted net loss per share calculations because the effect of including them would be anti-dilutive, at September 30, 2018 and 2017. |
Going Concern
Going Concern | 12 Months Ended |
Sep. 30, 2018 | |
Going Concern | |
3. Going Concern | As reflected in the Company’s financial statements, the Company has a retained deficit of $4,592,331 and $4,585,956 as of September 30, 2018 and 2017, respectively. The Company used cash of $3,225 and $13,066 in operating activities during the years ended September 30, 2018 and 2017, respectively. The Company has a working capital deficiency of $202,024 at September 30, 2018 that is insufficient in management‘s view to sustain current levels of operations for a reasonable period without additional financing. These trends and conditions continue to raise substantial doubt surrounding the Company’s ability to continue as a going concern for a reasonable period. Ultimately, the Company’s ability to continue as a going concern is dependent upon management’s ability to continue to curtail current operating expense and obtain additional financing to augment working capital requirements and support acquisition plans. There can be no assurance that management will be successful in achieving these objectives or obtain financing under terms and conditions that are suitable. The accompanying financial statements do not include any adjustments associated with these uncertainties. |
Convertible Notes Payable to Re
Convertible Notes Payable to Related Party | 12 Months Ended |
Sep. 30, 2018 | |
Convertible Notes Payable to Related Party | |
4. Convertible Notes Payable to Related Party | The Company entered into a convertible note with a director for $20,000 effective December 7, 2015. The note bears interest rate at 3.5% per annum and all unpaid principal and interest were due on demand by the director. The outstanding principal balance of the note is convertible into the Company’s shares of common stock at the conversion price of $1.00 per share. The Company entered into a convertible note with a director for $20,000 effective March 3, 2016. The note bears interest rate at 3.5% per annum and all unpaid principal and interest were due on demand by the director. The outstanding principal balance of the note is convertible into the Company’s shares of common stock at the conversion price of $1.00 per share. The Company entered into a convertible note with a director for $30,000 effective July 11, 2016. The note bears interest rate at 3.5% per annum and all unpaid principal and interest were due on demand by the director. The outstanding principal balance of the note is convertible into the Company’s shares of common stock at the conversion price of $1.00 per share. The Company entered into a convertible note with a director for $20,000 effective September 19, 2016. The note bears interest rate at 3.5% per annum and all unpaid principal and interest were due on demand by the director. The outstanding principal balance of the note is convertible into the Company’s shares of common stock at the conversion price of $1.00 per share. Based on the Company’s stock price at the respective commitments dates, the Company determined that the above convertible notes did not have a beneficial conversion feature to the note holder. |
Preferred Stock
Preferred Stock | 12 Months Ended |
Sep. 30, 2018 | |
Preferred Stock | |
5. Preferred Stock | The Company is authorized to issue up to 20,000,000 shares of Preferred Stock with designations, rights and preferences determined from time to time by our Board of Directors. Accordingly, our Board of Directors is empowered, without shareholder approval, to issue Preferred Stock with dividend, liquidation, conversion, voting or other rights that could adversely affect the voting power or other rights of the holders of our Common Stock. The terms of the preferred stock have not been approved. As of September 30, 2018 and 2017, there was no Preferred Stock issued and outstanding. |
Income Taxes
Income Taxes | 12 Months Ended |
Sep. 30, 2018 | |
Income Taxes | |
6. Income Taxes | The Company's provision (benefit) for income taxes was as follows: 9/30/2018 9/30/2017 Current Federal $ - $ - State - - Foreign - - - - Deferred Federal (1,905 ) (1,990 ) State (263 ) (265 ) Total $ (2,168 ) $ (2,255 ) The income tax provision differs from the amount of tax determined by applying the Federal statutory rate as follows: 9/30/2018 9/30/2017 Income tax provision at statutory rate: $ (2,168 ) $ (2,255 ) Increase (decrease) in income tax due to: Change in Valuation Allowance 2,168 2,255 $ - $ - Net deferred tax assets and liabilities were comprised of the following: 9/30/2018 9/30/2017 Long-term deferred tax assets (liabilities) Net Operating Loss $ 587,408 $ 585,240 Valuation Allowance (587,408 ) (585,240 ) $ - $ - The tax benefit for the period presented is offset by a valuation allowance established against deferred tax assets arising from operating losses and other temporary differences, the realization of which could not be considered more likely than not. In future periods, tax benefits and related tax deferred assets will be recognized when management considers realization of such amounts to be more likely than not. The Company’s earliest tax year remains subject to examination by all tax jurisdictions was September 30, 2015. |
Rescission Liability
Rescission Liability | 12 Months Ended |
Sep. 30, 2018 | |
Rescission Liability | |
7. Rescission Liability | On November 20, 2009, the Company issued 2,000,000 shares of its common stock to pay for services valued at $20,000. The issuance of these shares was declared invalid by the court since they were issued by prior management who did not have the authority to do so since they were validly removed on November 16, 2009. These shares remained outstanding at September 30, 2018 and will be returned to the Company’s transfer agent upon locating the holder of these shares. |
Recent Accounting Pronouncement
Recent Accounting Pronouncement | 12 Months Ended |
Sep. 30, 2018 | |
Recent Accounting Pronouncement | |
8. Recent Accounting Pronouncement | Recent pronouncements issued by the Accounting Standards Board (“FASB”), the American institute of Certified Public Accountants (“AICPA”) and the SEC did not have a material impact on the Company’s present or future financial statements. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Sep. 30, 2018 | |
Commitments and Contingencies | |
9. Commitments and Contingencies | During the normal course of business, the Company may be exposed to litigation. When the Company becomes aware of potential litigation, it evaluates the merits of the case in accordance with FASB ASC 450-20-50, “Contingencies” |
Subsequent Events
Subsequent Events | 12 Months Ended |
Sep. 30, 2018 | |
Subsequent Events | |
10. Subsequent Events | In accordance with SFAS 165 (ASC 855), Subsequent Events |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Sep. 30, 2018 | |
Summary of Significant Accounting Policies (Policies) | |
Basis of presentation | The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”), and pursuant to the rules and regulations of the SEC and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the years ended September 30, 2018 and 2017. |
Use of estimates | The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. |
Cash | Cash is maintained at a financial institution and, at times, balance may exceed federally insured limits. We have never experienced any losses related to the balance. Currently, the FDIC provides insurance coverage up to $250,000 per depositor at each financial institution and our cash balance did not exceed such coverage on September 30, 2018. For purpose our statements of cash flows, the Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash. |
Fair Value of Financial Instruments | The carrying amounts of cash and current liabilities approximate fair value because of the short maturity of these items. These fair value estimates are subjective in nature and involve uncertainties and matters of significant judgment, and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect these estimates. Management does not hold or issue financial instruments for trading purposes, nor do the Company utilize derivative instruments in the management of the Company's foreign exchange, commodity price or interest rate market risks. The FASB Codification clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. It also requires disclosure about how fair value is determined for assets and liabilities and establishes a hierarchy for which these assets and liabilities must be grouped, based on significant levels of inputs as follows: Level 1: Quoted prices in active markets for identical assets or liabilities Level 2: Quoted prices in active markets for similar assets and liabilities and inputs that are observable for the asset or liability Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement. |
Revenue Recognition | The Company's revenues from contracts with customers may be recognized when services are completed or as they are rendered, although contracts are generally short-term by nature. Services provided over a period of time are typically transferred to customers evenly over the term of the contracts and the corresponding revenue is recognized as services are provided. Payment terms vary by services offered, and the timing between completion of performance obligations and payment is typically not significant. |
Income Taxes | Deferred taxes are provided on the asset and liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Future tax benefits for net operating loss carry forwards are recognized to the extent that realization of these benefits is considered more likely than not. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company follows the provisions of FASB ASC 740-10 “Uncertainty in Income Taxes” (ASC 740-10). A reconciliation of the beginning and ending amount of unrecognized tax benefits has not been provided since there are no unrecognized benefits for all periods presented. The Company has not recognized interest expense or penalties as a result of the implementation of ASC 740-10. If there were an unrecognized tax benefit, the Company would recognize interest accrued related to unrecognized tax benefit in interest expense and penalties in operating expenses. |
Net income (loss) per share | Basic income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of outstanding common shares during the period of computation. Diluted loss per share gives effect to potentially dilutive common shares outstanding. The Company gives effect to these dilutive securities using the Treasury Stock Method. Potentially dilutive securities include convertible financial instruments. The Company gives effect to these dilutive securities using the If-Converted-Method. At September 30, 2018, and 2017 convertible notes payable to related party of $90,000 can potentially convert into 90,000 shares of common stock. Interest expense related to the convertible notes was immaterial. These shares have been excluded from the diluted net loss per share calculations because the effect of including them would be anti-dilutive, at September 30, 2018 and 2017. |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Sep. 30, 2018 | |
Income Taxes (Tables) | |
Income taxes benefit | 9/30/2018 9/30/2017 Current Federal $ - $ - State - - Foreign - - - - Deferred Federal (1,905 ) (1,990 ) State (263 ) (265 ) Total $ (2,168 ) $ (2,255 |
Income tax provision | 9/30/2018 9/30/2017 Income tax provision at statutory rate: $ (2,168 ) $ (2,255 ) Increase (decrease) in income tax due to: Change in Valuation Allowance 2,168 2,255 $ - $ - |
Deferred tax assets and liabilities | 9/30/2018 9/30/2017 Long-term deferred tax assets (liabilities) Net Operating Loss $ 587,408 $ 585,240 Valuation Allowance (587,408 ) (585,240 ) $ - $ - |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Details Narrative) - USD ($) | 12 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Summary of Significant Accounting Policies (Details Narrative) | ||
Insurance coverage up deposit | $ 250,000 | |
Convertible notes payable related party | $ 90,000 | $ 90,000 |
Issuance of convertible common stock | 90,000 | 90,000 |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | 12 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Going Concern (Details Narrative) | ||
Retained deficit | $ (4,592,331) | $ (4,585,956) |
Working Capital Deficiency | 202,024 | |
Net Cash flows used by operating activities | $ (3,225) | $ (13,066) |
Convertible Notes Payable to _2
Convertible Notes Payable to Related Party (Details Narrative) - USD ($) | Sep. 19, 2016 | Jul. 11, 2016 | Mar. 03, 2016 | Dec. 07, 2015 |
Business | ||||
Notes bear Interest | 3.50% | 3.50% | 3.50% | 3.50% |
Debt Conversion Converted Instrument Amount | $ 20,000 | $ 30,000 | $ 20,000 | $ 20,000 |
Conversion Price | $ 1 | $ 1 | $ 1 | $ 1 |
Preferred Stock (Details Narrat
Preferred Stock (Details Narrative) - shares | Sep. 30, 2018 | Sep. 30, 2017 |
Preferred Stock (Details Narrative) | ||
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Income Taxes (Details)
Income Taxes (Details) - USD ($) | 12 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Current | ||
Federal | $ 0 | $ 0 |
State | 0 | 0 |
Foreign | 0 | 0 |
Total | 0 | 0 |
Deferred | ||
Federal | (1,905) | (1,990) |
State | (263) | (265) |
Total | $ (2,168) | $ (2,255) |
Income Taxes (Details 1)
Income Taxes (Details 1) - USD ($) | 12 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Income Taxes (Details 1) | ||
Income tax provision at statutory rate: | $ (2,168) | $ (2,255) |
Increase (decrease) in income tax due to: | ||
Change in Valuation Allowance | $ 2,168 | $ 2,255 |
Income Taxes (Details 2)
Income Taxes (Details 2) - USD ($) | Sep. 30, 2018 | Sep. 30, 2017 |
Long-term deferred tax assets (liabilities) | ||
Net Operating Loss and Start Up Costs | $ 587,408 | $ 585,240 |
Valuation Allowance | (587,408) | (585,240) |
Deferred Tax Assets, Net | $ 0 | $ 0 |
Rescission Liability (Details N
Rescission Liability (Details Narrative) - USD ($) | Sep. 30, 2018 | Sep. 30, 2017 | Nov. 20, 2009 |
Business | |||
Common Stock shares issued | 120,942,987 | 120,942,987 | 2,000,000 |
Common stock shares paid for services, amount | $ 12,094 | $ 12,094 | $ 20,000 |