Document And Entity Information
Document And Entity Information - USD ($) | 5 Months Ended | ||
Dec. 31, 2020 | Apr. 27, 2021 | Jun. 30, 2020 | |
Document Information Line Items | |||
Entity Registrant Name | 3D MAKERJET, INC. | ||
Document Type | 10-KT | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Common Stock, Shares Outstanding | 130,200,000 | ||
Entity Public Float | $ 911,400 | ||
Amendment Flag | false | ||
Entity Central Index Key | 0001458023 | ||
Entity Current Reporting Status | No | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Well-known Seasoned Issuer | No | ||
Document Period End Date | Dec. 31, 2020 | ||
Document Fiscal Year Focus | 2020 | ||
Document Fiscal Period Focus | FY | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | true | ||
Entity File Number | 333-157783 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Interactive Data Current | No |
Balance Sheets
Balance Sheets - USD ($) | Dec. 31, 2020 | Jul. 31, 2020 | Jul. 31, 2019 |
ASSETS | |||
Total assets | |||
Current liabilities: | |||
Accounts payable and accrued liabilities | 232,227 | 232,227 | |
Accounts payable -current | 173 | ||
Notes payable- related parties | 5,345 | 5,259 | |
Convertible notes | 602,693 | 602,693 | |
Total current liabilities | 5,345 | 840,351 | 834,920 |
Notes payable -long term | 43,000 | 43,000 | |
Total Liabilities | 5,345 | 883,351 | 877,920 |
Commitments and contingencies | |||
Stockholders’ Deficit: | |||
Preferred stock: $0.0001 par value 10,000,000 shares authorized, 10,000,000 and -0- shares issued and outstanding as of December 31, 2020 and July 31, 2020 | 1,000 | ||
Common stock, $0.001 par value, 300,000,000 shares authorized; 130,200,000 and 130,200,000 issued and outstanding as of December 31, 2020 and July 31, 2020 | 130,200 | 130,200 | 130,200 |
Additional paid-in capital | 3,239,659 | 780,659 | 780,659 |
Accumulated deficit | (3,376,204) | (1,794,210) | (1,788,779) |
Total stockholders’ equity | (5,345) | (883,351) | (877,920) |
Total liabilities and equity |
Balance Sheets (Parentheticals)
Balance Sheets (Parentheticals) - $ / shares | Dec. 31, 2020 | Jul. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Preferred stock par value (in Dollars per share) | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 300,000,000 | 300,000,000 |
Common stock, shares issued | 130,200,000 | 130,200,000 |
Common stock, shares outstanding | 130,200,000 | 130,200,000 |
Statements of Operations
Statements of Operations - USD ($) | 5 Months Ended | 12 Months Ended | |
Dec. 31, 2020 | Jul. 31, 2020 | Jul. 31, 2019 | |
Income Statement [Abstract] | |||
Revenue | |||
Cost of revenue | |||
Gross profit | |||
Operating expenses: | |||
General and administrative -related party | 2,459,914 | 5,431 | |
Total operating expenses | 2,459,914 | 5,431 | |
Income loss from operations | (2,459,914) | (5,431) | |
Other income (expense) | |||
Interest income (expense) | |||
Gain from extinguishment of debt | 877,920 | ||
Total other income (expense) | 877,920 | ||
Net loss | $ (1,581,994) | $ (5,431) | |
Basic and diluted earnings (loss) per common share (in Dollars per share) | $ (0.01) | $ 0 | $ 0 |
Weighted-average number of common shares outstanding: | |||
Basic and diluted (in Shares) | 130,200,000 | 130,200,000 | 130,200,000 |
Statements of Changes in Shareh
Statements of Changes in Shareholders Equity - USD ($) | Preferred Stock Series | Common stock | Paid-in Capital | Accumulated Deficit | Total |
Balance at Jul. 31, 2018 | $ 130,200 | $ 780,659 | $ (1,788,779) | $ (877,920) | |
Balance (in Shares) at Jul. 31, 2018 | 130,200,000 | ||||
Net income (loss) | |||||
Balance at Jul. 31, 2019 | $ 130,200 | 780,659 | (1,788,779) | (877,920) | |
Balance (in Shares) at Jul. 31, 2019 | 130,200,000 | ||||
Net income (loss) | (5,431) | (5,431) | |||
Balance at Jul. 31, 2020 | $ 130,200 | 780,659 | (1,794,210) | (883,351) | |
Balance (in Shares) at Jul. 31, 2020 | 130,200,000 | ||||
Net income (loss) | (1,581,994) | (1,581,994) | |||
Issuance of preferred stock to related party | $ 1,000 | 2,459,000 | 2,460,000 | ||
Issuance of preferred stock to related party (in Shares) | 10,000,000 | ||||
Balance at Dec. 31, 2020 | $ 1,000 | $ 130,200 | $ 3,239,659 | $ (3,376,204) | $ (5,345) |
Balance (in Shares) at Dec. 31, 2020 | 10,000,000 | 130,200,000 |
Statements of Cash flows
Statements of Cash flows - USD ($) | 5 Months Ended | 12 Months Ended | |
Dec. 31, 2020 | Jul. 31, 2020 | Jul. 31, 2019 | |
Operating activities | |||
Net loss | $ (1,581,994) | $ (5,431) | |
Stock based compensation | 2,450,000 | ||
Changes in operating assets and liabilities | |||
Accounts payable and accrued liabilities | (232,227) | ||
Convertible notes | (602,693) | ||
Notes payable | (43,000) | ||
Accounts payable and accrued liabilities | |||
Net cash provided by (used in) operating activities | (9,914) | (5,431) | |
Cash flows from financing activities: | |||
Proceeds from related party advances | 9,914 | 5,431 | |
Net cash provided by (used in) financing activities | 9,914 | 5,431 | |
Net increase (decrease) in cash and cash equivalents | |||
Cash and cash equivalents at beginning of period | |||
Cash and cash equivalents at end of period | |||
Supplemental disclosure of cash flow information: | |||
Cash paid for interest | |||
Cash paid for income taxes |
Organization and Description of
Organization and Description of Business | 5 Months Ended |
Dec. 31, 2020 | |
Accounting Policies [Abstract] | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS 3D MakerJet, Inc. (“3D MakerJet” or the “Company”), formerly known as American Business Change Agents, Inc., was incorporated under the laws of the State of Nevada on January 12, 2009. On May 4, 2014, the name of the Company was changed to 3D MakerJet, Inc. The Company had been developing a business plan focused on the sale of 3D printers, scanners, and ancillary equipment. 3D MakerJet, Inc. formerly known as American Business Change Agents, Inc., was incorporated under the laws of the State of Nevada on January 12, 2009. On May 4, 2014, the name of the Company was changed to 3D MakerJet, Inc. the Company has been dormant since January 2016. On July 14, 2020, as a result of a custodianship in Clark County, Nevada, Case Number: A-20-816260-B, Custodian Ventures LLC (“Custodian”) was appointed custodian of the Company. David Lazar is the managing member of Custodian. On July 16, 2020, Custodian appointed David Lazar as the Company’s Chief Executive Officer, President, Secretary, Chief Financial Officer, Chief Executive Officer and Chairman of the Board of Directors. On January 29, 2021, the Board of Directors of Company approved the change in the Company’s fiscal year end from July 31 to December 31. As required, the Company will file a transition report on Form 10-K covering the transition period with the Securities and Exchange Commission. On March 22, 2021, as a result of a private transactions, 10,000,000 shares of Series A Preferred Stock, $0.001 par value per share were transferred from Custodian Ventures, LLC to Flowerkist Inc. (the “Purchaser”). As a result, the Purchaser became an approximately 70% holder of the voting rights of the issued and outstanding share capital of the Company on a fully-diluted basis of the Company, and became the controlling shareholder. The consideration paid for the Shares was $250,000. The source of the cash consideration for the Shares was personal funds of the Purchaser. In connection with the transaction, David Lazar released the Company from all debts owed to him. On March 22, 2021, the existing director and officer resigned immediately. Accordingly, David Lazar, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary, and a Director. At the effective date of the transfer, Barry Clark consented to act as the new President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 5 Months Ended |
Dec. 31, 2020 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP Going Concern The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these financial statements. As of December 31, 2020 the Company had an accumulated deficit of $3,376,204. Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. Historically, the Company raised capital through private placements, to finance working capital needs and may attempt to raise capital through the sale of common stock or other securities and obtaining some short-term loans. The Company will be required to continue to so until its operations become profitable. Also, the Company has, in the past, paid for consulting services with its common stock to maximize working capital, and intends to continue this practice where feasible. Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of 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 most significant estimates relate to income taxes and contingencies. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates. Cash and cash equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. On December 31, 2020 and July 31, 2020, the Company’s cash equivalents totaled $-0- and $-0- respectively. Income taxes The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes” “Accounting for Uncertainty in Income Taxes” The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit. Net Loss per Share Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. Recent Accounting Pronouncements There are no recent accounting pronouncements that impact the Company’s operations. |
Debt
Debt | 5 Months Ended |
Dec. 31, 2020 | |
Debt Disclosure [Abstract] | |
DEBT | NOTE 3 – DEBT As of December 31, 2020, and July 31, 2020, the Company had $-0- and $877,920 in debt outstanding, respectively. Due to Court actions in Nevada related to the Company’s custodianship, all claims against past liabilities were barred. As a result, the Company recorded a “gain from the extinguishment of debt” of $877,920 on Statements of Operations for the five months ended December 31, 2020. |
Related Party Debt
Related Party Debt | 5 Months Ended |
Dec. 31, 2020 | |
Related Party Transactions [Abstract] | |
RELATED PARTY DEBT | NOTE 4 – RELATED PARTY DEBT As of December 31, 2020 and July 31, 2020 Custodian Ventures had extended $5,345 and $5,259, respectively in interest free demand loans to the Company. |
Comparative Five Month Financia
Comparative Five Month Financial Information | 5 Months Ended |
Dec. 31, 2020 | |
Comparative Five Month Financial Information [Abstract] | |
COMPARATIVE FIVE MONTH FINANCIAL INFORMATION | NOTE 5 – COMPARATIVE FIVE MONTH FINANCIAL INFORMATION The consolidated statements of operations and cash flows are provided below with comparative information for the five months ended December 31, 2020, 2019 and 2018. The financial information provided for the five periods ended December 31, 2019 and 2018 is unaudited since it represented an interim period of fiscal years 2019 and 2018. The unaudited financial information for the five-month periods ended December 31, 2019 and 2018, include all normal recurring adjustments necessary for a fair statement of the results for that period. Statements of Operations Five Months Ended December 31, December 31, December 31, 2020 2019 2018 (unaudited) (unaudited) Revenue $ - $ - $ - Cost of revenue - - 0 Gross profit - - Operating expenses: General and administrative -related party 2,459,914 - - Total operating expenses 2,459,914 - - Income loss from operations (2,459,914 ) - - Other income (expense) Interest income (expense) - - - Gain from extinguishment of debt 877,920 - - Total other income (expense) 877,920 - - Net loss $ (1,581,994 ) $ - $ - Basic and diluted earnings (loss) per common share $ (0.01 ) $ (0.00 ) $ (0.00 ) Weighted-average number of common shares outstanding: Basic and diluted 130,200,000 130,200,000 130,200,000 Statements of Cash flows Five Months Ended December 31, December 31, December 31, 2020 2019 2018 (unaudited) (unaudited) Operating activities Net loss $ (1,581,994 ) $ - $ - Stock based compensation 2,450,000 Changes in operating assets and liabilities Accounts payable and accrued liabilities (232,227 ) - Convertible notes (602,693 ) - Notes payable (43,000 ) Accounts payable and accrued liabilities - - Net cash provided by (used in) operating activities (9,914 ) - - Cash flows from financing activities: Proceeds from related party advances 9,914 - - Net cash provided by (used in) financing activities 9,914 - - Net increase (decrease) in cash and cash equivalents - - Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period $ - $ - $ - Supplemental disclosure of cash flow information: $ - $ - $ - Cash paid for interest $ - $ - $ - Cash paid for income taxes |
Equity
Equity | 5 Months Ended |
Dec. 31, 2020 | |
Stockholders' Equity Note [Abstract] | |
EQUITY | NOTE 6 – EQUITY Common Stock The Company has authorized 300,0000,000 shares of $0.001 par value, common stock. As of December 31, 2020, and July 31, 2020, there were 130,200,000 and 130,200,000 shares of Common Stock issued and outstanding, respectively. Preferred Stock On September 24, 2020 the Company designated 10,000,000 shares of Preferred A stock, par value $0.0001 and awarded Custodian Ventures these shares that carry 30 to 1 conversion rights into common shares. These shares were awarded in return for a reduction of $10,000 of related party loans extended by Custodian Ventures to the Company. As a result the Company recorded stock based compensation of $2,450,000 related to these shares. As of December 31, 2020 and July 31, 2020, there were 10,000,000 and -0- shares of Series A outstanding, respectively. |
Commitments and Contingencies
Commitments and Contingencies | 5 Months Ended |
Dec. 31, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 7 – COMMITMENTS AND CONTINGENCIES The Company did not have any contractual commitments as of December 31, 2020 and July 31, 2020. |
Subsequent Events
Subsequent Events | 5 Months Ended |
Dec. 31, 2020 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 8 – SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were available to be issued and has determined that it does not have any material subsequent events to disclose in these financial statements with the exception of the following: On January 29, 2021, the Board of Directors of Company approved the change in the Company’s fiscal year end from July 31 to December 31. As required, the Company will file a transition report on Form 10-K covering the transition period with the Securities and Exchange Commission. On March 22, 2021, as a result of a private transactions, 10,000,000 shares of Series A Preferred Stock, $0.001 par value per share were transferred from Custodian Ventures, LLC to Flowerkist Inc. (the “Purchaser”). As a result, the Purchaser became an approximately 70% holder of the voting rights of the issued and outstanding share capital of the Company on a fully-diluted basis of the Company, and became the controlling shareholder. The consideration paid for the Shares was $250,000. The source of the cash consideration for the Shares was personal funds of the Purchaser. In connection with the transaction, David Lazar released the Company from all debts owed to him. On March 22, 2021, the existing director and officer resigned immediately. Accordingly, David Lazar, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary, and a Director. At the effective date of the transfer, Barry Clark consented to act as the new President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 5 Months Ended |
Dec. 31, 2020 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP |
Going Concern | Going Concern The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these financial statements. As of December 31, 2020 the Company had an accumulated deficit of $3,376,204. Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. Historically, the Company raised capital through private placements, to finance working capital needs and may attempt to raise capital through the sale of common stock or other securities and obtaining some short-term loans. The Company will be required to continue to so until its operations become profitable. Also, the Company has, in the past, paid for consulting services with its common stock to maximize working capital, and intends to continue this practice where feasible. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of 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 most significant estimates relate to income taxes and contingencies. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates. |
Cash and cash equivalents | Cash and cash equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. On December 31, 2020 and July 31, 2020, the Company’s cash equivalents totaled $-0- and $-0- respectively. |
Income taxes | Income taxes The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes” “Accounting for Uncertainty in Income Taxes” The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit. |
Net Loss per Share | Net Loss per Share Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements There are no recent accounting pronouncements that impact the Company’s operations. |
Comparative Five Month Financ_2
Comparative Five Month Financial Information (Tables) | 5 Months Ended |
Dec. 31, 2020 | |
Comparative Five Month Financial Information [Abstract] | |
Schedule of statements of operations | Five Months Ended December 31, December 31, December 31, 2020 2019 2018 (unaudited) (unaudited) Revenue $ - $ - $ - Cost of revenue - - 0 Gross profit - - Operating expenses: General and administrative -related party 2,459,914 - - Total operating expenses 2,459,914 - - Income loss from operations (2,459,914 ) - - Other income (expense) Interest income (expense) - - - Gain from extinguishment of debt 877,920 - - Total other income (expense) 877,920 - - Net loss $ (1,581,994 ) $ - $ - Basic and diluted earnings (loss) per common share $ (0.01 ) $ (0.00 ) $ (0.00 ) Weighted-average number of common shares outstanding: Basic and diluted 130,200,000 130,200,000 130,200,000 |
Schedule of statements of cash flows | Five Months Ended December 31, December 31, December 31, 2020 2019 2018 (unaudited) (unaudited) Operating activities Net loss $ (1,581,994 ) $ - $ - Stock based compensation 2,450,000 Changes in operating assets and liabilities Accounts payable and accrued liabilities (232,227 ) - Convertible notes (602,693 ) - Notes payable (43,000 ) Accounts payable and accrued liabilities - - Net cash provided by (used in) operating activities (9,914 ) - - Cash flows from financing activities: Proceeds from related party advances 9,914 - - Net cash provided by (used in) financing activities 9,914 - - Net increase (decrease) in cash and cash equivalents - - Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period $ - $ - $ - Supplemental disclosure of cash flow information: $ - $ - $ - Cash paid for interest $ - $ - $ - Cash paid for income taxes |
Organization and Description _2
Organization and Description of Business (Details) - Series A Preferred Stock [Member] - Subsequent Event [Member] | 1 Months Ended |
Mar. 22, 2021USD ($)$ / sharesshares | |
Organization and Description of Business (Details) [Line Items] | |
Shares issued | shares | 10,000,000 |
Preferred stock par value | $ / shares | $ 0.001 |
Voting rights, percentage | 70.00% |
Consideration paid | $ | $ 250,000 |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Details) - USD ($) | 5 Months Ended | ||
Dec. 31, 2020 | Jul. 31, 2020 | Jul. 31, 2019 | |
Accounting Policies [Abstract] | |||
Retained earnings | $ (3,376,204) | $ (1,794,210) | $ (1,788,779) |
Cash equivalents | $ 0 | $ 0 | |
Settlement percentage, description | The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. |
Debt (Details)
Debt (Details) - USD ($) | 5 Months Ended | |
Dec. 31, 2020 | Jul. 31, 2020 | |
Debt Disclosure [Abstract] | ||
Debt outstanding | $ 0 | $ 877,920 |
Gain from the extinguishment of debt | $ 877,920 |
Related Party Debt (Details)
Related Party Debt (Details) - USD ($) | Dec. 31, 2020 | Jul. 31, 2020 |
Related Party Transactions [Abstract] | ||
Notes payable related parties | $ 5,345 | $ 5,259 |
Comparative Five Month Financ_3
Comparative Five Month Financial Information (Details) - Schedule of statements of operations - Parent Company [Member] - USD ($) | 5 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Condensed Income Statements, Captions [Line Items] | |||
Revenue | |||
Cost of revenue | 0 | ||
Gross profit | |||
Operating expenses: | |||
General and administrative -related party | 2,459,914 | ||
Total operating expenses | 2,459,914 | ||
Income loss from operations | (2,459,914) | ||
Other income (expense) | |||
Interest income (expense) | |||
Gain from extinguishment of debt | 877,920 | ||
Total other income (expense) | 877,920 | ||
Net loss | $ (1,581,994) | ||
Basic and diluted earnings (loss) per common share (in Dollars per share) | $ (0.01) | $ 0 | $ 0 |
Weighted-average number of common shares outstanding: | |||
Basic and diluted (in Shares) | 130,200,000 | 130,200,000 | 130,200,000 |
Comparative Five Month Financ_4
Comparative Five Month Financial Information (Details) - Schedule of statements of cash flows - Parent Company [Member] - USD ($) | 5 Months Ended | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Jul. 31, 2020 | Jul. 31, 2019 | |
Condensed Cash Flow Statements, Captions [Line Items] | |||||
Net loss | $ (1,581,994) | ||||
Proceeds from related party advances | 9,914 | ||||
Net cash provided by (used in) financing activities | 9,914 | ||||
Stock based compensation | 2,450,000 | ||||
Changes in operating assets and liabilities | |||||
Accounts payable and accrued liabilities | (232,227) | ||||
Convertible notes | (602,693) | ||||
Notes payable | (43,000) | ||||
Accounts payable and accrued liabilities | |||||
Net cash provided by (used in) operating activities | (9,914) | ||||
Cash flows from financing activities: | |||||
Net increase (decrease) in cash and cash equivalents | |||||
Cash and cash equivalents at beginning of period | |||||
Cash and cash equivalents at end of period | |||||
Supplemental disclosure of cash flow information: | |||||
Cash paid for interest | |||||
Cash paid for income taxes |
Equity (Details)
Equity (Details) - $ / shares | 1 Months Ended | ||
Sep. 24, 2020 | Dec. 31, 2020 | Jul. 31, 2020 | |
Equity (Details) [Line Items] | |||
Common stock, shares authorized | 300,000,000 | 300,000,000 | |
Common stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 | |
Common stock, shares issued | 130,200,000 | 130,200,000 | |
Common stock, shares outstanding | 130,200,000 | 130,200,000 | |
Preferred Stock, description | the Company designated 10,000,000 shares of Preferred A stock, par value $0.0001 and awarded Custodian Ventures these shares that carry 30 to 1 conversion rights into common shares. These shares were awarded in return for a reduction of $10,000 of related party loans extended by Custodian Ventures to the Company. As a result the Company recorded stock based compensation of $2,450,000 related to these shares. | ||
Preferred stock, shares outstanding | 0 | 0 | |
Common Stock [Member] | |||
Equity (Details) [Line Items] | |||
Common stock, shares authorized | 3,000,000,000 | 3,000,000,000 | |
Common stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 | |
Common stock, shares issued | 130,200,000 | 130,200,000 | |
Common stock, shares outstanding | 130,200,000 | 130,200,000 | |
Series A Preferred Stock [Member] | |||
Equity (Details) [Line Items] | |||
Preferred stock, shares outstanding | 10,000,000 | 0 |
Subsequent Events (Details)
Subsequent Events (Details) - Series A Preferred Stock [Member] - Subsequent Event [Member] | 1 Months Ended |
Mar. 22, 2021USD ($)$ / sharesshares | |
Subsequent Events (Details) [Line Items] | |
Shares issued | shares | 10,000,000 |
Preferred stock par value | $ / shares | $ 0.001 |
Voting rights, percentage | 70.00% |
Consideration paid | $ | $ 250,000 |