Cover
Cover - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Apr. 15, 2022 | |
Cover [Abstract] | ||
Document Type | 10-K | |
Amendment Flag | false | |
Document Annual Report | true | |
Document Transition Report | false | |
Document Period End Date | Dec. 31, 2021 | |
Document Fiscal Period Focus | FY | |
Document Fiscal Year Focus | 2021 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 000-56253 | |
Entity Registrant Name | Fuel Doctor Holdings, Inc. | |
Entity Central Index Key | 0001459188 | |
Entity Tax Identification Number | 26-2274999 | |
Entity Incorporation, State or Country Code | DE | |
Entity Address, Address Line One | 20 Raul Wallenberg Street | |
Entity Address, City or Town | Tel Aviv | |
Entity Address, Country | IL | |
Entity Address, Postal Zip Code | 69187 | |
City Area Code | (647) | |
Local Phone Number | 558-5564 | |
Entity Well-known Seasoned Issuer | No | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Elected Not To Use the Extended Transition Period | false | |
Entity Shell Company | true | |
Entity Public Float | $ 11,505,016 | |
Entity Common Stock, Shares Outstanding | 256,739,363 | |
Auditor Name | Liebman Goldberg & Hymowitz | |
Auditor Location | Garden City, New York | |
Auditor Firm ID | 473 |
Balance Sheets
Balance Sheets - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
ASSETS | ||
Current assets | ||
TOTAL ASSETS | 0 | 0 |
LIABILITIES & STOCKHOLDERS’ DEFICIT | ||
Accounts payable and accrued liabilities | 18,857 | 4,940 |
Accounts payable - related party | 2,628 | |
Note payable - related party | 5,000 | |
Total current liabilities | 18,857 | 12,568 |
Total liabilities | 18,857 | 12,568 |
Stockholders’ deficit | ||
Preferred stock, par value $0.0001, 10,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2021 and December 31, 2020 | 0 | 0 |
Common stock, par value $0.0001, 290,000,000 shares authorized; 256,739,363 shares issued and outstanding at December 31, 2021 and 36,739,363 issued and outstanding at December 31, 2020 | 25,674 | 3,674 |
Additional paid-in capital | 1,512,994 | 1,523,746 |
Accumulated deficit | (1,557,525) | (1,539,988) |
Total stockholders’ deficit | (18,857) | (12,568) |
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | $ 0 | $ 0 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2021 | Dec. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Preferred Stock, Par or Stated Value 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 or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Authorized | 290,000,000 | 290,000,000 |
Common Stock, Shares, Issued | 256,739,363 | 36,739,363 |
Common Stock, Shares, Outstanding | 256,739,363 | 36,739,363 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Statement [Abstract] | ||
Revenues: | ||
Operating expenses: | ||
General and administrative expenses | 5,496 | 1,800 |
Professional fees | 23,289 | 3,289 |
Total operating expenses | 28,785 | 5,089 |
Operating loss | (28,785) | (5,089) |
Other income: | ||
Gain on debt forgiveness | 11,248 | 10,853 |
Net (loss) income | $ (17,537) | $ 5,764 |
Basic & diluted (loss) income per common share | $ 0 | $ 0 |
Weighted average common shares Outstanding | 143,424,295 | 27,052,897 |
Statements of Stockholders Equi
Statements of Stockholders Equity - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2019 | $ 1,478 | $ 1,523,746 | $ (1,545,752) | $ (20,528) |
Shares, Issued, Beginning Balance at Dec. 31, 2019 | 14,779,363 | |||
Common stock issued in exchange for debt forgiveness | $ 2,196 | 2,196 | ||
Common stock issued in exchange for debt forgiveness, shares | 21,960,000 | |||
Net loss | 5,764 | 5,764 | ||
Ending balance, value at Dec. 31, 2020 | $ 3,674 | 1,523,746 | (1,539,988) | (12,568) |
Shares, Issued, Ending Balance at Dec. 31, 2020 | 36,739,363 | |||
Common stock issued in exchange for debt forgiveness | $ 22,000 | (10,752) | 11,248 | |
Common stock issued in exchange for debt forgiveness, shares | 220,000,000 | |||
Net loss | (17,537) | (17,537) | ||
Ending balance, value at Dec. 31, 2021 | $ 25,674 | $ 1,512,994 | $ (1,557,525) | $ (18,857) |
Shares, Issued, Ending Balance at Dec. 31, 2021 | 256,739,363 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net (loss) income | $ (17,537) | $ 5,764 |
Adjustments to reconcile net (loss) income to net cash | ||
Gain of debt forgiveness | 11,248 | 10,853 |
Accounts payable and accrual liabilities | 13,917 | (13,069) |
Accounts payable - related party | (2,628) | (9,225) |
Note payable - related party | (5,000) | |
Net cash used in operating activities | (5,677) | |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Loan from related party | 5,677 | |
Net cash provided by financing activities | 5,677 | |
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 | ||
SUPPLEMENTAL DISCLOSURE OF | ||
Issuance of 21,960,000 shares of common stock in exchange for debt forgiveness | 2,196 | |
Issuance of 220,000,000 shares of common stock in exchange for debt forgiveness | $ 22,000 |
Statements of Cash Flows (Paren
Statements of Cash Flows (Parenthetical) - shares | 5 Months Ended | 6 Months Ended | 12 Months Ended | |
Jun. 10, 2020 | Jul. 07, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement of Cash Flows [Abstract] | ||||
Debt Conversion, Converted Instrument, Shares Issued | 21,960,000 | 220,000,000 | 220,000,000 | 21,960,000 |
NOTE 1 _ NATURE OF OPERATIONS
NOTE 1 – NATURE OF OPERATIONS | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NOTE 1 – 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 an aggregate of 9,367,500 On January 6, 2022, Amitai Weiss, Asaf Itzhaik and Moshe Revach were appointed to fill existing vacancies on the Company’s Board of Directors in accordance with the written consent of majority of directors dated January 6, 2022. None of the newly appointed Directors had a prior relationship with the Company. In addition, on January 6, 2022, Amitai Weiss was appointed as the Chief Executive Officer of the Company and on January 26, 2022, Gadi Levin was appointed Chief Financial Officer of the Company. On January 7, 2022, Deanna Johnson resigned as an officer and as a director of the Company. |
NOTE 2 - SUMMARY OF SIGNIFICANT
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
NOTE 2 - 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 (“U.S. GAAP”). Certain prior year amounts have been reclassified for consistency with the current year presentation. 2.2 Use of Estimates and Assumptions The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets 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 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. 2.4 Basic Income (Loss) Per Share The Company computes income (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 years ended December 31, 2020 and 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. 2.5 Commitments and Contingencies The Company follows ASC 440 "Commitments" and ASC 450 "Contingencies", subtopic 450-20 "Loss Contingencies" 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 consolidated 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. 2.6 Recent Accounting Pronouncements A variety of proposed or otherwise potential accounting standards are currently under study by standard-setting organizations. Due to the tentative and preliminary nature of those proposed standards, management has not determined whether the implementation of such proposed standards would be material to the financial statements of the Company. |
NOTE 3 _ GOING CONCERN
NOTE 3 – GOING CONCERN | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NOTE 3 – 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 $ 1,557,525 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. |
NOTE 4 _ COMMON STOCK AND PREFE
NOTE 4 – COMMON STOCK AND PREFERRED STOCK | 12 Months Ended |
Dec. 31, 2021 | |
Equity [Abstract] | |
NOTE 4 – COMMON STOCK AND PREFERRED STOCK | NOTE 4 – COMMON STOCK AND PREFERRED STOCK 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 0.0001 290,000,000 $0.0001 10,000,000 $0.0001 256,739,363 36,739,363 Common Stock: On June 10, 2020, the Company issued 21,960,000 $0.0001 2,196 On July 7, 2021, the Company issued 220,000,000 $0.0001 $22,000 Preferred Stock As of December 31, 2021 and December 31, 2020 there are no preferences assigned to the preferred stock. |
NOTE 5 _ RELATED PARTY TRANSACT
NOTE 5 – RELATED PARTY TRANSACTIONS | 12 Months Ended |
Dec. 31, 2021 | |
Related Party Transactions [Abstract] | |
NOTE 5 – RELATED PARTY TRANSACTIONS | NOTE 5 – RELATED PARTY TRANSACTIONS In support of the Company’s efforts and cash requirements, the Company may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of stock or traditional debt financing. There is no formal written commitment for continued support by related parties. As of December 31, 2021 and December 31, 2020, all related parties waived their rights to amounts owed by the Company in the amount of $ 10,752 2,196 During the years ended December 31, 2021 and December 31, 2020, Joseph Passalaqua, a previous officer of the Company and a related party, provided internal accounting services to the Company in the amounts of $2,200 $1,000 During the years ended December 31, 2021 and December 31, 2020, Joseph Passalaqua, funded certain expenses in the Company, in the amount of $2,197 628 The Company currently operates out of an office of a related party free of rent. |
NOTE 6 _ INCOME TAXES
NOTE 6 – INCOME TAXES | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
NOTE 6 – INCOME TAXES | NOTE 6 – INCOME TAXES As of December 31, 2020, the Company had net operating loss carry forwards of approximately $ 1,540,000 As of December 31, 2021, the Company had net operating loss carry forwards of approximately $ 1,558,000 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 consists of the following: December 31, December 31, Federal income tax benefit attributable to: Current operations $ 327,080 $ 323,398 Less: change in valuation allowance (327,080 ) (323,398 ) Net provision for Federal income taxes $ — $ — The cumulative tax effect at the expected rate of 35 December 31, 2021 December 31, 2020 Deferred tax asset attributable to: Net operating loss carry over $ 545,300 $ 538,996 Less: valuation allowance (545,134 ) (538,996 ) Net deferred tax asset $ — $ — Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $1,558,000 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. The Company has not filed any tax returns to date. |
NOTE 7 - SUBSEQUENT EVENTS
NOTE 7 - SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2021 | |
Subsequent Events [Abstract] | |
NOTE 7 - SUBSEQUENT EVENTS | NOTE 7 - SUBSEQUENT EVENTS Subsequent events were reviewed through April 18, 2022, the date these financial statements were available for issuance. On March 8, 2022, a shareholder advanced the Company a loan in the amount of $ 20,000 |
NOTE 2 - SUMMARY OF SIGNIFICA_2
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 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 (“U.S. GAAP”). Certain prior year amounts have been reclassified for consistency with the current year presentation. |
2.2 Use of Estimates and Assumptions | 2.2 Use of Estimates and Assumptions The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets 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 Income Taxes | 2.3 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. |
2.4 Basic Income (Loss) Per Share | 2.4 Basic Income (Loss) Per Share The Company computes income (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 years ended December 31, 2020 and 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. |
2.5 Commitments and Contingencies | 2.5 Commitments and Contingencies The Company follows ASC 440 "Commitments" and ASC 450 "Contingencies", subtopic 450-20 "Loss Contingencies" 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 consolidated 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. |
2.6 Recent Accounting Pronouncements | 2.6 Recent Accounting Pronouncements A variety of proposed or otherwise potential accounting standards are currently under study by standard-setting organizations. Due to the tentative and preliminary nature of those proposed standards, management has not determined whether the implementation of such proposed standards would be material to the financial statements of the Company. |
NOTE 6 _ INCOME TAXES (Tables)
NOTE 6 – INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Federal Income tax benefit | December 31, December 31, Federal income tax benefit attributable to: Current operations $ 327,080 $ 323,398 Less: change in valuation allowance (327,080 ) (323,398 ) Net provision for Federal income taxes $ — $ — |
Deferred tax asset | December 31, 2021 December 31, 2020 Deferred tax asset attributable to: Net operating loss carry over $ 545,300 $ 538,996 Less: valuation allowance (545,134 ) (538,996 ) Net deferred tax asset $ — $ — |
NOTE 1 _ NATURE OF OPERATIONS (
NOTE 1 – NATURE OF OPERATIONS (Details Narrative) | 3 Months Ended |
Mar. 25, 2008shares | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Stock Issued During Period, Shares, Acquisitions | 9,367,500 |
NOTE 3 _ GOING CONCERN (Details
NOTE 3 – GOING CONCERN (Details Narrative) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Retained Earnings (Accumulated Deficit) | $ 1,557,525 | $ 1,539,988 |
NOTE 4 _ COMMON STOCK AND PRE_2
NOTE 4 – COMMON STOCK AND PREFERRED STOCK (Details Narrative) - USD ($) | 5 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 10, 2020 | Jul. 07, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2021 | Feb. 18, 2021 | |
Equity [Abstract] | ||||||
Capital Units, Authorized | 300,000,000 | |||||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||
Common Stock, Shares Authorized | 290,000,000 | 290,000,000 | 290,000,000 | |||
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 | 10,000,000 | |||
Preferred Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | $ 0.0001 | |||
Common Stock, Shares, Outstanding | 256,739,363 | 36,739,363 | ||||
Debt Conversion, Converted Instrument, Shares Issued | 21,960,000 | 220,000,000 | 220,000,000 | 21,960,000 | ||
Shares Issued, Price Per Share | $ 0.0001 | $ 0.0001 | ||||
Debt Conversion, Converted Instrument, Amount | $ 2,196 | $ 22,000 |
NOTE 5 _ RELATED PARTY TRANSA_2
NOTE 5 – RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Related Party Transaction [Line Items] | ||
Debt Instrument, Decrease, Forgiveness | $ 10,752 | $ 2,196 |
Proceeds from Related Party Debt | 5,677 | |
Joseph Passalaqua [Member] | ||
Related Party Transaction [Line Items] | ||
Proceeds from Related Party Debt | 2,200 | 1,000 |
Related Party Costs | $ 2,197 | $ 628 |
Federal Income tax benefit (Det
Federal Income tax benefit (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Federal income tax benefit attributable to: | ||
Current operations | $ 327,080 | $ 323,398 |
Less: change in valuation allowance | (327,080) | (323,398) |
Net provision for Federal income taxes |
Deferred tax asset (Details)
Deferred tax asset (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Deferred tax asset attributable to: | ||
Net operating loss carry over | $ 545,300 | $ 538,996 |
Less: valuation allowance | (545,134) | (538,996) |
Net deferred tax asset |
NOTE 6 _ INCOME TAXES (Details
NOTE 6 – INCOME TAXES (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
Operating Loss Carryforwards | $ 1,558,000 | $ 1,540,000 |
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent | 35.00% |
NOTE 7 - SUBSEQUENT EVENTS (Det
NOTE 7 - SUBSEQUENT EVENTS (Details Narrative) | Mar. 08, 2022USD ($) |
Subsequent Events [Abstract] | |
Proceeds from Loans | $ 20,000 |