Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Apr. 30, 2018 | May 04, 2018 | |
Document And Entity Information | ||
Entity Registrant Name | WECONNECT Tech International, Inc. | |
Entity Central Index Key | 1,409,175 | |
Document Type | 10-Q | |
Document Period End Date | Apr. 30, 2018 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --07-31 | |
Is Entity a Well-known Seasoned Issuer? | No | |
Is Entity a Voluntary Filer? | No | |
Is Entity's Reporting Status Current? | Yes | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 95,300,000 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 |
Balance Sheets (Unaudited)
Balance Sheets (Unaudited) - USD ($) | Apr. 30, 2018 | Jul. 31, 2017 |
Current Assets | ||
Cash and cash equivalents | $ 555 | $ 2,484 |
Prepaid expenses | 1,425 | 4,683 |
Total Current Assets | 1,980 | 7,167 |
Total Assets | 1,980 | 7,167 |
Current Liabilities | ||
Accounts payable | 1,800 | 80 |
Accrued expenses | 10,468 | 981 |
Due to related parties | 114,544 | 296,753 |
Total Current Liabilities | 126,812 | 297,814 |
Total Liabilities | 126,812 | 297,814 |
Stockholders' Deficit | ||
Preferred stock 30,000,000 shares authorized, par value $0.001, None issued and outstanding | 0 | 0 |
Common stock 1,000,000,000 shares authorized, par value $0.001 95,300,000 and 16,530,000 shares issued and outstanding April 30, 2018 and July 31, 2017 | 95,300 | 16,530 |
Additional paid-in capital | 745,859 | 524,629 |
Donated capital | 187,381 | 185,881 |
Accumulated deficit | (1,153,372) | (1,017,687) |
Total Stockholders' Deficit | (124,832) | (290,647) |
Total Liabilities and Stockholders' Deficit | $ 1,980 | $ 7,167 |
Balance Sheets (Unaudited) (Par
Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Apr. 30, 2018 | Jul. 31, 2017 |
Statement of Financial Position [Abstract] | ||
Preferred Stock, Shares Authorized | 30,000,000 | 15,000,000 |
Preferred Stock, Par Value Per Share | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common Stock, Shares Authorized | 1,000,000,000 | 300,000,000 |
Common Stock, Par Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares, Issued | 95,300,000 | 16,530,000 |
Common Stock, Shares, Outstanding | 95,300,000 | 16,530,000 |
Statements of Operations and Co
Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Apr. 30, 2018 | Apr. 30, 2017 | Apr. 30, 2018 | Apr. 30, 2017 | |
Income Statement [Abstract] | ||||
Net revenue | $ 0 | $ 0 | $ 0 | $ 0 |
General and administrative expenses | 32,550 | 14,718 | 125,853 | 49,858 |
Loss from operations | (32,550) | (14,718) | (125,853) | (49,858) |
Other expenses | ||||
Foreign currency (loss) gain | 123 | 12,424 | (9,832) | 10,628 |
Loss before income taxes | (32,427) | (2,294) | (135,685) | (39,230) |
Provision for income taxes expense | 0 | 0 | 0 | 0 |
Net Loss and Comprehensive Loss | $ (32,427) | $ (2,294) | $ (135,685) | $ (39,230) |
Net loss per shares - Basic and Diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average number of common shares outstanding - Basic and Diluted | 95,300,000 | 16,530,000 | 83,181,538 | 16,530,000 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Apr. 30, 2018 | Apr. 30, 2017 | |
Cash flows from operating activities | ||
Net loss | $ (135,685) | $ (39,230) |
Adjustments to reconcile net loss to net cash used in operations: | ||
Foreign exchange loss/(gain) | 5,600 | (10,193) |
Donated services and rent | 1,500 | 13,500 |
Changes in operating assets and liabilities: | ||
Decrease/(Increase) in prepaid expenses | 3,258 | (3,333) |
Increase in accounts payable and accrued liabilities | 11,096 | 604 |
Increase in due to related party | 114,544 | 800 |
Net cash provided by/(used in) operating activities | 313 | (37,852) |
Cash flows from financing activities | ||
Advances from related parties | 0 | 40,015 |
Net cash provided by financing activities | 0 | 40,015 |
Effect of exchange rate changes on cash and cash equivalents | (2,242) | (604) |
Net (decrease)/increase in cash and cash equivalents | (1,929) | 1,559 |
Cash and cash equivalents - Beginning | 2,484 | 534 |
Cash and cash equivalents - Ending | 555 | 2,093 |
Supplemental disclosure of cash flows | ||
Interest paid | 0 | 0 |
Income taxes paid | 0 | 0 |
Non-cash financing and investing activities | ||
Common shares issued for amounts due to related party | $ 300,000 | $ 0 |
1. Nature of Operations and Goi
1. Nature of Operations and Going Concern | 9 Months Ended |
Apr. 30, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature of Operations and Going Concern | 1. Nature of Operations and Going Concern WECONNECT TECH INTERNATIONAL, INC. (formerly Contact Minerals Corp.) (the “Company”) was incorporated in the State of Nevada on April 25, 2007. The Company is currently a “shell company” with no meaningful assets or operations other than its efforts to identify and merge with an operating company. The Company was initially an exploration stage company engaged in the acquisition and exploration of mineral properties. The Company does not currently own any mineral properties. Effective on November 6, 2017, the Company changed its name to WECONNECT TECH INTERNATIONAL, INC. These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has never generated revenue and has never paid any dividends and is unlikely to pay dividends or generate earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its stockholders, the ability of the Company to obtain necessary equity financing to continue operations and the attainment of profitable operations. As of April 30, 2018, the Company had a working capital deficiency of $124,832 and had accumulated losses of $1,153,372 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company plans to continue identify and merge with an operating company. The Company intends to fund these activities through debt and equity financing arrangements. There is no assurance that the Company will obtain the necessary financing to complete its objectives. |
2. Summary of Significant Accou
2. Summary of Significant Accounting Policies | 9 Months Ended |
Apr. 30, 2018 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | 2. Summary of Significant Accounting Policies Basis of Presentation The interim financial information referred to above has been prepared and presented in conformity with accounting principles generally accepted in the United States applicable to interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. The interim financial information has been prepared on a basis consistent with prior interim periods and years and includes all disclosures that are necessary and required by applicable laws and regulations. This report on Form 10-Q should be read in conjunction with the Company’s financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended July 31, 2017 filed on October 27, 2017 . In the opinion of management, all adjustments (consisting of normal and recurring accruals) considered necessary for fair presentation of the Company’s financial position, results of operations and cash flows have been included. Operating results for the three months and nine months ended April 30, 2018, are not necessarily indicative of the results that may be expected for future quarters or the year ending July 31, 2018. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America 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. The Company regularly evaluates estimates and assumptions related to valuation of donated services and rent, fair value measurements and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Cash and Cash Equivalents The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. As of and July 31, 2017, the Company had $555 and $2,484 in cash and cash equivalents, respectively. Foreign Currency Translation The Company’s functional and reporting currency is the United States dollar. Occasional transactions may occur in Canadian dollars (CAD) and Malaysian Ringgit (RM$) during the nine months ended April 30, 2018 and 2017. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income. The Company has not, to the date of these financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. Fair Value of Financial Instruments ASC 825, Financial Instruments Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The financial instruments consist principally of cash, accounts payable, and due to related parties. The fair value of cash when applicable is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company believes that the recorded values of all other financial instruments approximate their current fair values because of their nature and respective relatively short maturity dates or durations. Assets measured at fair value on a recurring basis were presented on the Company’s balance sheets as of April 30, 2018 and July 31, 2017, as follows: Fair Value Measurements Using Quoted Prices in Significant Active Markets Other Significant For Identical Observable Unobservable Balance as of Balance as of Instruments Inputs Inputs April 30, July 31, (Level 1) (Level 2) (Level 3) 2018 2017 Assets: Cash $ 555 $ – $ – $ 555 $ 2,484 The Company does not have any liabilities measured at fair value on a recurring basis presented on the Company’s balance sheet as of April 30, 2018 and July 31, 2017. Financial instruments that potentially subject the Company to a concentration of credit risk consist primarily of cash. The Company limits its exposure to credit loss by placing its cash with high credit quality financial institutions. Income Tax Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all, of a deferred tax asset will not be realized. There were no significant deferred tax items as of April 30, 2018 and July 31, 2017. The Company applied the provisions of ASC 740-10-50, Accounting For Uncertainty In Income Taxes or any given quarterly or annual period based, in part, upon the results of operations for the given period. At and July 31, 2017, management considered that the Company had no uncertain tax positions, and will continue to evaluate for uncertain positions in the future. Basic and Diluted Net Income (Loss) Per Share Basic earnings per shares (EPS) are computed by dividing net earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As of April 30, 2018 and July 31, 2017, there were no potentially dilutive securities outstanding. Reclassification Certain classifications have been made to the prior year financial statements to conform to the current year presentation. The reclassification had no impact on previously reported net income (loss) or accumulated deficit. Recent Accounting Pronouncements Management has considered all recent accounting pronouncements issued and their potential effect on our financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's condensed financial statements. |
3. Related Party Transactions
3. Related Party Transactions | 9 Months Ended |
Apr. 30, 2018 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | 3. Related Party Transactions Stock Purchase Agreement On August 29, 2017, the Company and the former President of the Company entered into a stock purchase agreement (“Stock Purchase Agreement”) with the CEO and the CFO of the Company (collectively, the “Purchasers”). Pursuant to the Stock Purchase Agreement, the Purchasers have agreed to purchase 7,000,000 shares from the former President of the Company and 78,770,000 shares from the Company for a purchase price of $50,000 and $300,000, respectively. In connection with the Stock Purchase Agreement, the former President of the Company has received $350,000, of which $50,000 was for the sale of his shares to the Purchasers and $300,000 was from the sale of common stock by the Company. The proceeds of $300,000 from the issuance of common stock of the Company was directed to the former President of the Company in full settlement of all company’s debts owed to the former President and in consideration of settling any claims against the Company by the former President of the Company. Due to related parties (a) As of April 30, 2018 and July 31, 2017, the Company was indebted $0 and $80, respectively, to a relative of the former President of the Company for advances and expenses incurred on behalf of the Company. The amount was included in accounts payable and was non-interest bearing, unsecured, and due on demand. (b) As of April 30, 2018 and July 31, 2017, the Company was indebted $0 and $296,753, respectively, to the former President of the Company, for advances and expenses incurred on behalf of the Company. The amount was included in due to related parties and was non-interest bearing, unsecured, and due on demand. (c) During the nine months ended April 30, 2018, MIG Network & Consultancy Sdn Berhad (the “MIG Network and Consultancy”), a Malaysian company of which both the CEO and CFO of the Company are the major shareholders, has advanced in an aggregate amount of RM$442,460, equivalent to $112,829, and $1,715 to the Company for working capital purpose. The advances were unsecured, interest free, and due on demand. As of April 30, 2018 and July 31, 2017, there were $114,544 and $0 advances outstanding, respectively. Donated Capital During the nine months ended April 30, 2018 and 2017, the Company recognized a total of $1,000 and $9,000 for donated services, respectively. During the nine months ended April 30, 2018 and 2017, the Company also recognized a total of $500 and $4,500 for donated rent provided by the former President of the Company, respectively. As of April 30, 2018 and July 31, 2017, the donated capital was $187,381 and $185,881, respectively. |
4. Stockholders' Deficit
4. Stockholders' Deficit | 9 Months Ended |
Apr. 30, 2018 | |
Equity [Abstract] | |
Stockholders' Deficit | 4. Stockholders’ Deficit Effective on November 6, 2017, the Company amended its Articles of Incorporation to increase the number of common stock authorized from 300,000,000 to 1,000,000,000, par value of $0.001, and to increase the number of preferred stock authorized from 15,000,000 to 30,000,000, par value of $0.001. Common Stock On September 11, 2017, the Company issued 78,770,000 shares of common stock pursuant to the Stock Purchase Agreement (refer to Note 3) for an equivalent amount of $300,000 to settle all company’s debts owed to the former President and in consideration of settling any claims against the Company by the former President of the Company. As of April 30, 2018, there are 95,300,000 shares of common stock issued and outstanding. Preferred Stock As of April 30, 2018, there are no issued and outstanding preferred stocks. |
5. Subsequent Events
5. Subsequent Events | 9 Months Ended |
Apr. 30, 2018 | |
Subsequent Events [Abstract] | |
Subsequent Events | 5. Subsequent Events The Company has evaluated subsequent events through the date which the financial statements were available to be issued. All subsequent events requiring recognition as of April 30, 2018 have been incorporated into these financial statements and there are no subsequent events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events.” |
2. Summary of Significant Acc11
2. Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Apr. 30, 2018 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The interim financial information referred to above has been prepared and presented in conformity with accounting principles generally accepted in the United States applicable to interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. The interim financial information has been prepared on a basis consistent with prior interim periods and years and includes all disclosures that are necessary and required by applicable laws and regulations. This report on Form 10-Q should be read in conjunction with the Company’s financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended July 31, 2017 filed on October 27, 2017 . In the opinion of management, all adjustments (consisting of normal and recurring accruals) considered necessary for fair presentation of the Company’s financial position, results of operations and cash flows have been included. Operating results for the three months and nine months ended April 30, 2018, are not necessarily indicative of the results that may be expected for future quarters or the year ending July 31, 2018. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America 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. The Company regularly evaluates estimates and assumptions related to valuation of donated services and rent, fair value measurements and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. As of and July 31, 2017, the Company had $555 and $2,484 in cash and cash equivalents, respectively. |
Foreign Currency Translation | Foreign Currency Translation The Company’s functional and reporting currency is the United States dollar. Occasional transactions may occur in Canadian dollars (CAD) and Malaysian Ringgit (RM$) during the nine months ended April 30, 2018 and 2017. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income. The Company has not, to the date of these financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments ASC 825, Financial Instruments Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The financial instruments consist principally of cash, accounts payable, and due to related parties. The fair value of cash when applicable is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company believes that the recorded values of all other financial instruments approximate their current fair values because of their nature and respective relatively short maturity dates or durations. Assets measured at fair value on a recurring basis were presented on the Company’s balance sheets as of April 30, 2018 and July 31, 2017, as follows: Fair Value Measurements Using Quoted Prices in Significant Active Markets Other Significant For Identical Observable Unobservable Balance as of Balance as of Instruments Inputs Inputs April 30, July 31, (Level 1) (Level 2) (Level 3) 2018 2017 Assets: Cash $ 555 $ – $ – $ 555 $ 2,484 The Company does not have any liabilities measured at fair value on a recurring basis presented on the Company’s balance sheet as of April 30, 2018 and July 31, 2017. Financial instruments that potentially subject the Company to a concentration of credit risk consist primarily of cash. The Company limits its exposure to credit loss by placing its cash with high credit quality financial institutions. |
Income Tax | Income Tax Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all, of a deferred tax asset will not be realized. There were no significant deferred tax items as of April 30, 2018 and July 31, 2017. The Company applied the provisions of ASC 740-10-50, Accounting For Uncertainty In Income Taxes or any given quarterly or annual period based, in part, upon the results of operations for the given period. At and July 31, 2017, management considered that the Company had no uncertain tax positions, and will continue to evaluate for uncertain positions in the future. |
Basic and Diluted Net Income (Loss) Per Share | Basic and Diluted Net Income (Loss) Per Share Basic earnings per shares (EPS) are computed by dividing net earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As of April 30, 2018 and July 31, 2017, there were no potentially dilutive securities outstanding. |
Reclassification | Reclassification Certain classifications have been made to the prior year financial statements to conform to the current year presentation. The reclassification had no impact on previously reported net income (loss) or accumulated deficit. |
Recently Issued Accounting Pronouncements | Recent Accounting Pronouncements Management has considered all recent accounting pronouncements issued and their potential effect on our financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's condensed financial statements. |
2. Summary of Significant Acc12
2. Summary of Significant Accounting Policies (Tables) | 9 Months Ended |
Apr. 30, 2018 | |
Accounting Policies [Abstract] | |
Schedule of fair value measurements | Fair Value Measurements Using Quoted Prices in Significant Active Markets Other Significant For Identical Observable Unobservable Balance as of Balance as of Instruments Inputs Inputs April 30, July 31, (Level 1) (Level 2) (Level 3) 2018 2017 Assets: Cash $ 555 $ – $ – $ 555 $ 2,484 |
1. Nature of Operations and G13
1. Nature of Operations and Going Concern (Details Narrative) - USD ($) | Apr. 30, 2018 | Jul. 31, 2017 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Working capital | $ (124,832) | |
Accumulated deficit | $ (1,153,372) | $ (1,017,687) |
2. Summary of Significant Acc14
2. Summary of Significant Accounting Policies (Details - Fair Value) - USD ($) | Apr. 30, 2018 | Jul. 31, 2017 |
Fair value assets | $ 555 | $ 2,484 |
Fair Value, Inputs, Level 1 [Member] | ||
Fair value assets | 555 | |
Fair Value, Inputs, Level 2 [Member] | ||
Fair value assets | 0 | |
Fair Value, Inputs, Level 3 [Member] | ||
Fair value assets | $ 0 |
2. Summary of Significant Acc15
2. Summary of Significant Accounting Policies (Details Narrative) - USD ($) | 9 Months Ended | 12 Months Ended | ||
Apr. 30, 2018 | Jul. 31, 2017 | Apr. 30, 2017 | Jul. 31, 2016 | |
Accounting Policies [Abstract] | ||||
Cash and cash equivalents | $ 555 | $ 2,484 | $ 2,093 | $ 534 |
Deferred tax assets | $ 0 | $ 0 | ||
Antidilutive shares | 0 | 0 |
3. Related Party Transactions a
3. Related Party Transactions and Balances (Details Narrative) - USD ($) | 1 Months Ended | 9 Months Ended | ||
Aug. 29, 2017 | Apr. 30, 2018 | Apr. 30, 2017 | Jul. 31, 2017 | |
Accounts payable | $ 1,800 | $ 80 | ||
Due to related parties | 114,544 | 296,753 | ||
Proceeds from donated capital | 1,500 | $ 13,500 | ||
Advances from related party | 0 | 40,015 | ||
Donated capital | 187,381 | 185,881 | ||
Services [Member] | ||||
Proceeds from donated capital | 1,000 | 9,000 | ||
Rent Expense [Member] | ||||
Proceeds from donated capital | 500 | $ 4,500 | ||
Relative of President [Member] | ||||
Accounts payable | 0 | 80 | ||
Former President [Member] | ||||
Due to related parties | 0 | 296,753 | ||
MIG Network and Consultancy [Member] | ||||
Due to related parties | 114,544 | $ 0 | ||
Advances from related party | $ 114,544 | |||
Stock Purchase Agreement [Member] | Former President [Member] | ||||
Stock purchased for change of control, shares | 7,000,000 | |||
Stock purchased for change of control, amount | $ 50,000 | |||
Stock Purchase Agreement [Member] | Company [Member] | ||||
Stock purchased for change of control, shares | 78,700,000 | |||
Stock purchased for change of control, amount | $ 300,000 |
4. Stockholders' Deficit (Detai
4. Stockholders' Deficit (Details Narrative) - USD ($) | 9 Months Ended | |
Apr. 30, 2018 | Jul. 31, 2017 | |
Common Stock, Shares Authorized | 1,000,000,000 | 300,000,000 |
Preferred Stock, Shares Authorized | 30,000,000 | 15,000,000 |
Stock Purchase Agreement [Member] | ||
Stock issued new, shares | 78,770,000 | |
Stock issued new, value | $ 300,000 |