Cover
Cover - shares | 3 Months Ended | |
Mar. 31, 2021 | May 12, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2021 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2021 | |
Current Fiscal Year End Date | --12-31 | |
Entity Registrant Name | FUEL DOCTOR HOLDINGS, INC. | |
Entity Central Index Key | 0001459188 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 36,739,363 |
Balance Sheets
Balance Sheets - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
Current Assets: | ||
Total Current Assets | ||
TOTAL ASSETS | 0 | 0 |
Current Liabilities: | ||
Accounts Payable | 1,718 | 4,940 |
Accounts Payable - Related Party | 9,198 | 2,628 |
Note Payable - Related Party | 5,000 | 5,000 |
Total Current Liabilities | 15,916 | 12,568 |
Total Liabilities | 15,916 | 12,568 |
Stockholder's Deficit | ||
Preferred Stock, par value $0.0001, 10,000,000 shares Authorized, 0 shares Issued and Outstanding at December 31, 2020 and March 31, 2021 | ||
Common Stock, par value $0.0001, 290,000,000 shares Authorized, 36,739,363 shares Issued and Outstanding at December 31, 2020 and March 31, 2021 | 3,674 | 3,674 |
Additional Paid-In Capital | 1,523,746 | 1,523,746 |
Accumulated Deficit | (1,543,336) | (1,539,988) |
Total Stockholder's Deficit | (15,916) | (12,568) |
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT | $ 0 | $ 0 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Mar. 31, 2021 | Dec. 31, 2020 |
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Preferred Stock, par value | $ 0.0001 | $ 0.0001 |
Preferred Stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred Stock, shares issued | ||
Preferred Stock, share outstanding | ||
Common Stock, par value | $ 0.0001 | $ 0.0001 |
Common Stock, shares authorized | 290,000,000 | 290,000,000 |
Common Stock, shares issued | 36,739,363 | 36,739,363 |
Common Stock, share outstanding | 36,739,363 | 36,739,363 |
Statements of Operations
Statements of Operations - USD ($) | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Income Statement [Abstract] | ||
Revenues: | ||
Expenses: | ||
General and administrative expense | 1,694 | 239 |
Professional fees | 1,654 | |
Total Operating Expenses | 3,348 | 239 |
Operating Loss | (3,348) | (239) |
Net Gain (Loss) | $ (3,348) | $ (239) |
Basic & Diluted Loss per Common Share | $ 0 | $ 0 |
Weighted Average Common Shares Outstanding | 36,739,363 | 36,739,363 |
Statement of Stockholders Equit
Statement of Stockholders Equity - USD ($) | Common Stock | Additional Paid-In Capital | Accumulated Deficit | Total |
Beginning balance, shares at Dec. 31, 2018 | 14,779,363 | |||
Beginning balance, amount at Dec. 31, 2018 | $ 1,478 | $ 1,523,746 | $ (1,535,395) | $ (10,171) |
Net loss | (10,357) | (10,357) | ||
Ending balance, shares at Dec. 31, 2019 | 14,779,363 | |||
Ending balance, amount at Dec. 31, 2019 | $ 1,478 | 1,523,746 | (1,545,752) | (20,528) |
Common Stock Issuance, shares | 21,960,000 | |||
Common Stock Issuance, amount | $ 2,196 | 2,196 | ||
Net loss | 5,764 | 5,764 | ||
Ending balance, shares at Dec. 31, 2020 | 36,739,363 | |||
Ending balance, amount at Dec. 31, 2020 | $ 3,674 | 1,523,746 | (1,539,988) | (12,568) |
Net loss | (3,348) | (3,348) | ||
Ending balance, shares at Mar. 31, 2021 | 36,739,363 | |||
Ending balance, amount at Mar. 31, 2021 | $ 3,674 | $ 1,523,746 | $ (1,543,336) | $ (15,916) |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
Net Gain (Loss) | $ (3,348) | $ (239) | $ 5,764 | $ (10,357) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||
Accounts Payable | (3,222) | 239 | ||
Acounts Payable - Related Party | 6,570 | |||
Net Cash Used in Operating Activities | ||||
CASH FLOWS FROM FINANCING | ||||
Loans from Related Party | ||||
Net Cash Provided by Financing Activities | ||||
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 |
Nature Of Operations
Nature Of Operations | 3 Months Ended |
Mar. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature Of Operations | NOTE 1 – NATURE OF OPERATIONS Fuel Doctor Holdings, Inc. (“Fuel Doctor” or the “Company”) was incorporated in the state of Delaware on March 25, 2008 as Silver Hill Management Services, inc. On August 24, 2011, the Company entered into an Agreement and Plan of Reorganization (the “Plan”) with Fuel Doctor, LLC, a California Limited Liability company. Pursuant to the terms of the Plan, the members of Fuel Doctor, LLC agreed to transfer all of the issued and outstanding limited units in Fuel Doctor, LLC to the Company in exchange for the issuance of the an aggregate of 9,367,500 shares of the Company’s stock, thereby causing Fuel Doctor, LLC to become a wholly owned subsidiary of the Company. Immediately following the closing of the Plan, the Company changed its name to Fuel Doctor Holdings, Inc. On March 18, 2013, the Company defaulted with its first security holder and entered into a proposal to accept collateral in complete satisfaction of its secured obligations and ceased existing operation with the transfer of its subsidiaries. On March 26, 2013, the Company filed a 15-15D to terminate the Company’s reporting responsibilities with the Securities Exchange Commission. During this time Company assets including subsidiaries were liquidated. On April 23, 2019, Stanley Wilson was elected to the board of directors and appointed Chairman and CEO with plans to direct the Company’s new business operations. On April 24, 2019, the Company filed a Certificate of Revival with the State of Delaware. On September 25, 2020, through a Security Purchase Agreement, there was a Change of Control. On October 7, 2020 Stan Wilson resigned as director and officer and Joseph Passalaqua was appointed CEO, CFO, President, Secretary and Director. On October 30, 2020 Joseph Passalaqua resigned as director and officer and Deanna Johnson became CEO, CFO, President, Secretary and Director as the sole officer of the Company. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2021 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 2.1 Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company has adopted a December 31 fiscal year end. 2.2 Use of Estimates and Assumptions The preparation of financial statements in conformity with accounting principles generally accepted 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. Actual results could differ from those estimates. 2.3 Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes. 2.4 Fair Value of Financial Instruments The Company’s financial instruments consist of cash and loans to shareholders. The carrying amount of financial instruments approximates fair value because of the short-term nature of these items. 2.5 Property and Equipment Property and equipment are stated at cost and depreciated on the straight line method over the estimated life of the asset, which is 3 years. 2.6 Income Taxes The Company follows the asset and liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. 2.7 Basic Income (Loss) Per Share The Company computes loss per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. For the year ended December 31, 2020 and the three months ended March 31, 2021 there were no potentially dilutive debt or equity instruments issued or outstanding and any such shares would have been excluded from the computation because they would have been anti-dilutive as the Company incurred losses in this period. 2.8 Commitments and Contingencies The Company follows ASC 440 & ASC 450, subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies and commitments respectively. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time, that these matters will have a material adverse effect on the Company’s financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows. 2.9 Recent Accounting Pronouncements The Company reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. |
Going Concern
Going Concern | 3 Months Ended |
Mar. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | NOTE 3 – GOING CONCERN The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred a loss since Inception (March 25, 2008) resulting in an accumulated deficit of $1,539,988 as of December 31, 2020 and $1,543,336 as of March 31, 2021 and further losses are anticipated in the development of its business. Further, the Company has current liabilities in excess of current assets and has a stockholders’ deficit at December 31, 2020 and March 31, 2021. These factors raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the issuance of these financial statements. The effects of Covid -19 could impact our ability to operate under the going concern and maintain sufficient liquidity to continue operations. The impact of COVID-19 on companies is evolving rapidly and its future effects are uncertain. There are material uncertainties from Covid-19 that cast significant doubt on the company’s ability to operate under the going concern. It is possible that our company will have issues relating to the current situation that will need to be considered by management in the future. There will be a wide range of factors to take into account in going concern judgments and financial projections including travel bans, restrictions, government assistance and potential sources of replacement financing, financial health of suppliers and customers and their effect on expected profitability and other key financial performance ratios including information that shows whether there will be sufficient liquidity to continue to meet obligations when they are due. The Company filed a Registration Statement; Form-10 and is effective 60 days post filing. Management believes that this plan provides an opportunity for the Company to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or private placement of common stock. The failure to achieve the necessary levels of profitability or obtaining additional funding would be detrimental to the Company. |
Common Stock
Common Stock | 3 Months Ended |
Mar. 31, 2021 | |
Equity [Abstract] | |
Common Stock | NOTE 4 – COMMON STOCK For the period from August 2010 – December 2012, the Company issued 14,779,363 shares of common stock at $0.001 per share to 105 shareholders. On June 10, 2020, the Company issued 21,960,000 shares of common stock at $0.0001 per share in exchange for $2,196 of debt due to Stanley Wilson, a previous officer and a Related Party. In October 2020, there was a change of control and these shares were transferred to Friction & Heat LLC, current majority shareholder and a Related Party. On February 18, 2021 the Company Amended the Articles of Incorporation and increased the number of authorized shares in Fuel Doctor Holdings, Inc. to 300,000,000 with a par value of $0.0001 of which 290,000,000 shares shall be Common stock with a par value of $0.0001 and 10,000,000 shares shall be Preferred stock with a par value of $0.0001. The change in par value has been retroactively stated in the Company’s Financial Statements. |
Related Party Transactions
Related Party Transactions | 3 Months Ended |
Mar. 31, 2021 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 5 – RELATED PARTY TRANSACTIONS In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders or directors. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances were held in Convertible Notes, Promissory Notes or were considered temporary in nature and were not formalized by a Promissory Note. On April 26, 2019, Stanley Wilson, a previous officer of the Company and a Related Party advanced the Company $1,519 to cover the Company’s operating expenses. This amount was held in a Convertible Note, non-interest bearing, due on September 1, 2020 and unsecured. As of December 31, 2020, the balance was paid in full. On May 21, 2020, Stanley Wilson, a previous officer of the Company and a Related Party advanced the Company $677 to cover the Company’s operating expense. This amount was held in a Convertible Note, non-interest bearing, due on September 1, 2020 and unsecured. As of December 31, 2020, the balance was paid in full. On June 9, 2020, Stanley Wilson, a previous officer and a Related Party of the Company advanced the Company $5,000 to cover the Company’s operating expenses. This amount was transferred to Garry McHenry upon the Change of Control. This amount is held in a Promissory Note, non-interest bearing, payable on demand and unsecured. As of March 31, 2021, $5,000 was outstanding on this Note Payable. From 2019 - 2021, Lyboldt-Daly Inc., a Company owned by Joseph Passalaqua, a previous officer and a Related Party provided the internal accounting services for the Company at $1,000 annually and $500 quarterly. This amount is not held in a note, non-interest bearing, payable upon demand and unsecured. As of March 31, 2021, $2,500 was outstanding for these services in Related Party Payable. From 2020 – 2021, Joseph Passalaqua, a previous officer and a Related Party advanced the Company $9,198 in funds for expenses. This amount is not held in a note, non-interest bearing, payable upon demand and unsecured. As of March 31, 2021, $6,698 was outstanding for these advances in Related Party Payable. The Company currently operates out of an office of a related party free of rent. |
Income Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | NOTE 6 – INCOME TAXES For the three months ended March 31, 2020, the Company had net operating loss of approximately $3,348 that may be available to reduce future years' taxable income in varying amounts through 2040. As of the three months ended March 31, 2021, the Company had net operating loss of approximately $239 that may be available to reduce future years' taxable income in varying amounts through 2041. Future tax benefits which arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. The provision for Federal income tax at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows: March 31, March 31, Federal income tax benefit attributable to: Current operations $ 703 $ 50 Less: change in valuation allowance (703 ) (50 ) Net provision for Federal income taxes $ — $ — The cumulative tax effect at the expected rate of 35% of significant items comprising our net deferred tax amount is as follows: March 31, 2021 March 31, 2020 Deferred tax asset attributable to: Net operating loss carry over $ 1,172 $ 84 Less: valuation allowance (1,172 ) (84 ) Net deferred tax asset $ — $ — Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards cumulative amount of approximately $1,543,336 as of March 31, 2021 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years. The Company’s returns are open to examination by the Internal Revenue Services for all tax years since inception. |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2021 | |
Subsequent Events [Abstract] | |
Subsequent Events | NOTE 7 - SUBSEQUENT EVENTS Company has analyzed its operations subsequent to March 31, 2021 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2021 | |
Accounting Policies [Abstract] | |
2.1 Basis of Presentation | 2.1 Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company has adopted a December 31 fiscal year end. |
2.2 Use of Estimates and Assumptions | 2.2 Use of Estimates and Assumptions The preparation of financial statements in conformity with accounting principles generally accepted 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. Actual results could differ from those estimates. |
2.3 Cash and Cash Equivalents | 2.3 Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes. |
2.4 Fair Value of Financial Instruments | 2.4 Fair Value of Financial Instruments The Company’s financial instruments consist of cash and loans to shareholders. The carrying amount of financial instruments approximates fair value because of the short-term nature of these items. |
2.5 Property and Equipment | 2.5 Property and Equipment Property and equipment are stated at cost and depreciated on the straight line method over the estimated life of the asset, which is 3 years. |
2.6 Income Taxes | 2.6 Income Taxes The Company follows the asset and liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. |
2.7 Basic Income (Loss) Per Share | 2.7 Basic Income (Loss) Per Share The Company computes loss per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. For the year ended December 31, 2020 and the three months ended March 31, 2021 there were no potentially dilutive debt or equity instruments issued or outstanding and any such shares would have been excluded from the computation because they would have been anti-dilutive as the Company incurred losses in this period. |
2.8 Commitments and Contingencies | 2.8 Commitments and Contingencies The Company follows ASC 440 & ASC 450, subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies and commitments respectively. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time, that these matters will have a material adverse effect on the Company’s financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows. |
2.9 Recent Accounting Pronouncements | 2.9 Recent Accounting Pronouncements The Company reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. |
Income Taxes (Tables)
Income Taxes (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Provision for Federal income tax | March 31, March 31, Federal income tax benefit attributable to: Current operations $ 703 $ 50 Less: change in valuation allowance (703 ) (50 ) Net provision for Federal income taxes $ — $ — |
Deferred Tax Asset | March 31, 2021 March 31, 2020 Deferred tax asset attributable to: Net operating loss carry over $ 1,172 $ 84 Less: valuation allowance (1,172 ) (84 ) Net deferred tax asset $ — $ — |
Nature Of Operations (Details N
Nature Of Operations (Details Narrative) | 3 Months Ended |
Mar. 25, 2008shares | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Shares issued to acquire FDLLC | 9,367,500 |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Accumulated Deficit | $ (1,543,336) | $ (1,539,988) |
Common Stock (Details Narrative
Common Stock (Details Narrative) - USD ($) | 5 Months Ended | 29 Months Ended | |||
Jun. 10, 2020 | Dec. 31, 2012 | Mar. 31, 2021 | Feb. 18, 2021 | Dec. 31, 2020 | |
Equity [Abstract] | |||||
Common Stock Issuance, shares | 14,779,363 | ||||
Price Per share | $ 0.0001 | $ 0.001 | |||
Number of Shareholders | 105 | ||||
Common Stock issued for debt, shares | 21,960,000 | ||||
Common Stock issued for debt, amount | $ 2,196 | ||||
Shares authorized | 300,000,000 | ||||
Common Stock, par value | $ 0.0001 | $ 0.0001 | |||
Common Stock, shares authorized | 290,000,000 | 290,000,000 | |||
Preferred Stock, par value | $ 0.0001 | $ 0.0001 | |||
Preferred Stock, shares authorized | 10,000,000 | 10,000,000 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 4 Months Ended | 5 Months Ended | 15 Months Ended | 27 Months Ended | ||
Apr. 26, 2019 | Jun. 09, 2020 | May 21, 2020 | Mar. 31, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | |
Proceeds from Related party | $ 1,519 | $ 5,000 | $ 677 | $ 9,198 | ||
Accounts Payable - Related Party | 9,198 | $ 9,198 | $ 2,628 | |||
Note Payable - Related Party | 5,000 | $ 5,000 | $ 5,000 | |||
Description | Accounting services | |||||
Accounting services, annually | $ 1,000 | |||||
Accounting services, quarterly | 500 | |||||
Lyboldt-Daly Inc. | ||||||
Note Payable - Related Party | 2,500 | 2,500 | ||||
Joseph Passalaqua | ||||||
Note Payable - Related Party | $ 6,698 | $ 6,698 |
Income Taxes - Provision for Fe
Income Taxes - Provision for Federal income tax (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Federal income tax benefit attributable to: | ||
Current operations | $ 703 | $ 50 |
Less: change in valuation allowance | (703) | (50) |
Net provision for Federal income taxes |
Income Taxes - Deferred Tax Ass
Income Taxes - Deferred Tax Asset (Details) - USD ($) | Mar. 31, 2021 | Mar. 31, 2020 |
Deferred tax asset attributable to: | ||
Net operating loss carry over | $ 1,172 | $ 84 |
Less: valuation allowance | (1,172) | (84) |
Net deferred tax asset |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | |
Income Tax Disclosure [Abstract] | ||||
Net Gain (Loss) | $ (3,348) | $ (239) | $ 5,764 | $ (10,357) |
Income tax rate for significant items | 21.00% | |||
Income tax rate | 35.00% | |||
Net operating loss carry forward | $ 1,543,336 |