First America Resources (FSTJ) 10-Q 14 Feb 24 2024 Q2 Quarterly report Financial data

Cover

Cover	6 Months Ended
	Dec. 31, 2023 shares
Cover [Abstract]
Entity Registrant Name	First America Resources Corporation
Entity Central Index Key	0001525306
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Entity Common Stock Shares Outstanding	7,964,090
Entity File Number	333-175482
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	27-2563052
Entity Address Address Line 1	1000 East Armstrong Street
Entity Address City Or Town	Morris
Entity Address State Or Province	IL
Entity Address Postal Zip Code	60450
City Area Code	815
Local Phone Number	941-9888
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

BALANCE SHEET

BALANCE SHEET - USD ($)	Dec. 31, 2023	Jun. 30, 2023
Current assets:
Cash and cash equivalents	$ 75,406	$ 97,226
Accounts Receivable	0
Total Current Assets	75,406	97,226
TOTAL ASSETS	75,406	97,226
Current liabilities:
Accounts payable	3,412	100
Loan from officers	228,933	228,933
Total Current Liabilities	232,345	229,033
Total Liabilities	232,345	229,033
Stockholders' Deficit:
Common stock, $0.001 par value; 500,000,000 shares authorized; 7,964,090 shares issued and outstanding	7,964	7,964
Additional paid-in capital	291,360	291,360
Accumulated deficit	(456,263)	(431,131)
Total stockholders' deficit	(156,939)	(131,807)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 75,406	$ 97,226

BALANCE SHEET (Parenthetical)

BALANCE SHEET (Parenthetical) - $ / shares	Dec. 31, 2023	Jun. 30, 2023
Stockholders' Deficit
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	7,964,090	7,964,090
Common stock, shares outstanding	7,964,090	7,964,090

STATEMENT OF OPERATIONS (UNAUDI

STATEMENT OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
STATEMENT OF OPERATIONS
Revenues	$ 0	$ 0	$ 3,920	$ 0
Cost of Goods Sold	0	0	13,369	0
Gross Profit	0	0	(9,449)	0
Operating Expenses:
Selling, general and administrative expenses	11,466	3,373	15,683	11,246
Total Operating Expenses	11,466	3,373	15,683	11,246
Operating Loss	(11,466)	(3,373)	(25,132)	(11,246)
Other income
Investment income	0	0	0	0
Total Other Income	0	0	0	0
Loss before income taxes	(11,466)	(3,373)	(25,132)	(11,246)
Income tax expense	0	0	0	0
Net Loss	$ (11,466)	$ (3,373)	$ (25,132)	$ (11,246)
Net Loss per Common Share- Basic and Diluted	$ 0	$ 0	$ 0	$ 0
Weighted Average Shares Outstanding	7,964,090	7,964,090	7,964,090	7,964,090

STATEMENT OF CHANGES IN STOCKHO

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)
Balance, shares at Jun. 30, 2022		7,964,090
Balance, amount at Jun. 30, 2022	$ (213,186)	$ 7,964	$ 190,860	$ (412,010)
Net Income (Loss)	(7,873)	$ 0		(7,873)
Balance, shares at Sep. 30, 2022		7,964,090
Balance, amount at Sep. 30, 2022	(221,059)	$ 7,964	190,860	(419,883)
Net Income (Loss)	(3,373)			(3,373)
Balance, shares at Dec. 31, 2022		7,964,090
Balance, amount at Dec. 31, 2022	(224,432)	$ 7,964	190,860	(423,256)
Balance, shares at Jun. 30, 2023		7,964,090
Balance, amount at Jun. 30, 2023	(131,807)	$ 7,964	291,360	(431,131)
Net Income (Loss)	(13,666)			(13,666)
Balance, shares at Sep. 30, 2023		7,964,090
Balance, amount at Sep. 30, 2023	(145,473)	$ 7,964	291,360	(444,797)
Net Income (Loss)	(11,466)			(11,466)
Balance, shares at Dec. 31, 2023		7,964,090
Balance, amount at Dec. 31, 2023	$ (156,939)	$ 7,964	$ 291,360	$ (456,263)

STATEMENT OF CASH FLOWS (UNAUDI

STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating Activities:
Net loss	$ (25,132)	$ (11,246)
Changes in operating assets and liabilities:
Increase (decrease) in accounts receivable	0
Increase (decrease) in accounts payable	3,312
Net cash used in operating activities	(21,820)	(11,246)
Investing Activities:
Net cash used in investing activities	0	0
Financing Activities:
Loans from shareholders	0
Net cash provided by financing activities	0	0
Net increase (decrease) in cash and cash equivalents	(21,820)	(11,246)
Cash and cash equivalents, beginning of period	97,226	15,847
Cash and cash equivalents, end of period	75,406	4,601
Cash paid for:
Interest	0	0
Taxes	$ 0	$ 0

BUSINESS DESCRIPTION

BUSINESS DESCRIPTION	6 Months Ended
	Dec. 31, 2023
BUSINESS DESCRIPTION
BUSINESS DESCRIPTION	NOTE A - BUSINESS DESCRIPTION First America Resources Corporation (the “Company”) formerly known as Golden Oasis New Energy Group, Inc., was incorporated under the laws of Nevada on May 10, 2010 with registered address at 1955 Baring Blvd., Sparks, NV 89434. First America Resources Corporation has its mailing address at 1000 E. Armstrong Street, Morris IL 60450. The Company was previously engaged in selling the lithium-ion batteries and related power supplies that mainly are used in mobile and consumer electronics products, such as readers, DVD players, digital cameras and digital video recorders, communications products, electric-power bikes and mopeds, miner’s lamps, electric-power tools, electric-power sources for instruments and meters and other similar electrical equipment that can run on batteries. On February 6, 2013, pursuant to an Agreement between Mr. Keming Li, former CEO/President and Director of Golden Oasis New Energy Group, Inc., a Nevada corporation (the “Issuer”), Ms. Guoling Jin, former Treasury and Director of Golden Oasis New Energy Group, Inc., and Ms. Madison Li (the stockholder), of Golden Oasis New Energy Group, Inc., and Mr. Jian Li (the “Purchaser”), Mr. Jian Li became the principal stockholder and Chief Executive Officer and Tzongshyan George Sheu the former Vice President, Secretary, and Director of the Company. On March 20 th The Company also intends to initially purchase already income producing properties or properties that will produce rent income in a short period of time, meaning less than three months. The income will be produced by the rent that we will be receiving because we will be the owners of the properties. In order to finance future real estate investments, we plan to do additional equity financing, and in addition, we plan to sell some of the properties that we will have acquired at a higher price that we paid in order to buy them using the proceeds in order to buy new properties again at opportunistic prices. Therefore, the profits of our operations will be used in order to acquire new properties. Additionally, we are in negotiations with a battery supplier specializing in golf cart and forklift batteries for the sale and distribution in the US Markets which will result in sales revenues. Investment goals ● Investment portfolio diversification ● Capital appreciation ● A holding period of from four to eight years Strategy and target markets Battery sales and Distribution Current negotiations include licensing for the sale and distribution in the US without regional restrictions for the supplier’s entire product line of batteries. Real Estate It is the owner’s intention to roll in existing property(s) to be used as capital contributions for the purposes of supporting real estate sales and purchases if support of the Investment Goals stated above. We have instructed counsel to prepare an acquisition contract for a commercial property. This property is: 600 Wissahickon Ave, Cedartown GA ☐ Description: Tract 1 -1.425 Acres, Tract 2 – 2.554 Acres and 72,000SF facility, Tract 3 – 2.724 Acres and 28,000 SF facility totaling 6.703 acres and 100,000 SF industrial facility located in the 2 nd th ☐ Status: Unoccupied, for rent. ☐ Anticipated Mortgage: Owned Outright ☐ Owner: Value Trade, LLC ☐ Current Value: $250,000 ☐ Current Mortgage Debt: Zero We are refocusing our intention initially on acquiring similar properties. However, our ability to do so will depend upon our ability to secure additional equity financing and, if necessary or appropriate, mortgage financing on these properties. We will not acquire any property unless we believe the property will generate sufficient cash flow to cover all operating costs, including mortgage payments. Going Concern and Plan of Operation The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has not earned any profit from operations to date. These conditions raise substantial doubt about its 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. However, on March 20 th

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Dec. 31, 2023
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES	NOTE B - SIGNIFICANT ACCOUNTING POLICIES Basis of accounting The financial statements reflect the assets, revenues and expenditures of the Company on the accrual basis of accounting. The Company’s fiscal year end is June 30. The accompanying unaudited condensed interim financial statements and related notes have been prepared in accordance with U.S. GAAP for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission set forth in Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited condensed interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These unaudited condensed interim financial statements should be read in conjunction with the financial statements of the Company for the year ended June 30, 2023 and notes thereto contained in our 10-K Annual Report. 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 certain amounts reported in the financial statements and disclosures. Accordingly, actual results could differ from those estimates. NOTE B - SIGNIFICANT ACCOUNTING POLICIES (Continued) The extent to which the COVID- 19 may Cash and Cash Equivalents The Company considers all highly-liquid investments with an original maturity of three months or less when purchased to be cash equivalents. The Company has no Cash Equivalents as of December 31, 2023. Stock-Based Compensation The Company accounts for stock issued for services using the fair value method in accordance with FASB ASC Topic 718, “Compensation - Stock Compensation”. The measurement date of shares issued for services is the date at which the counterparty’s performance is complete. Basic and Diluted Net Loss per Common Share The Company computes per share amounts in accordance with FASB ASC Topic 260, “Earnings per Share”. ASC 260 requires presentation of basic and diluted EPS. Basic EPS is computed by dividing the income (loss) available to Common Shareholders by the weighted-average number of common shares outstanding for the periods. Diluted EPS is based on the weighted-average number of shares of common stock and common stock equivalents outstanding during the periods. As of December 31, 2023, the Company only issued one type of shares, i.e., common shares only. There is no other type of securities issued. Accordingly, the diluted and basic net loss per common share is the same. Revenue Recognition Revenue is recognized in accordance with ASC 606. The Company performs the following five steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company applies the five-step model to arrangements that meet the definition of a contract under Topic 606, including when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of Topic 606, the Company evaluates the goods or services promised within each contract related performance obligation and assesses whether each promised good or service is distinct. The Company recognizes as revenue, the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied. Cost of Goods Sold Cost of Goods Sold included the purchase cost of the product sold, freight and shipping expense, custom fees, and merchant account fees. For the fiscal quarters ended December 31, 2023and 2022, there was $0 in Cost of Goods Sold. NOTE B - SIGNIFICANT ACCOUNTING POLICIES (Continued) Operating Expenses Operating expenses consist of selling, general and administrative expenses, mainly accounting and auditing fees, legal fees, SEC filing fees, and other professional fees. Operating Leases After February 6, 2013, the Company moved to the new address located at 1000 E. Armstrong St., Morris, IL 60450. There was no lease signed between the Company and the property owner, Jian Li, who is also the majority shareholder of the Company. Income Tax Income taxes are provided for tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes. Deferred taxes are recognized for differences between the basis of assets and liabilities for financial statement and income tax purposes. The differences in asset and liability basis relate primarily to organization and start-up costs (use of different methods and periods to calculate deduction). Deferred taxes are also recognized for operating losses and tax credits that are available to offset future income taxes. The deferred tax assets and/or liabilities represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. The components of the deferred tax asset and liability are classified as current and noncurrent based on their characteristics. Valuation allowances are provided for deferred tax assets based on management’s projection of the sufficiency of future taxable income to realize the assets. The Company policy is to recognize interest related to unrecognized tax benefits as income tax expense. Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, “Leases” (“ASU 2016-02”). This guidance requires an entity to recognize lease liabilities and a right-of-use asset for all leases on the balance sheet and to disclose key information about the entity’s leasing arrangements. ASU 2016-02 must be adopted using a modified retrospective approach for all leases existing at, or entered into after the date of initial adoption, with an option to elect to use certain transition relief. ASU 2016-02 is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period, with earlier adoption permitted. The Company adopted this ASU effective July 1, 2019. Adoption of this ASU did not have a material impact on the Company’s financial statements.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Dec. 31, 2023
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE C - RELATED PARTY TRANSACTIONS Common Shares Issued to Executive and Non-Executive Officers and Directors As of December 31, 2023, a total of 6,388,010 shares were issued to officers and directors. Please see the table below for details: Name Title Share QTY Date % of Common Share Jian Li CEO & President 6,388,010 2/6/2013 & 11/27/2013 80.21 % *The percentage of common shares was based on the total outstanding shares of 7,964,090 as of December 31, 2023. Loans From Officer/Shareholder From the period of April 1, 2012 to February 28, 2013, the former company officer, Keming Li, loaned $ 25,787 to First America Resources Corporation (formerly known as Golden Oasis New Energy Group Inc.) without interest and without written agreement. The payment term is on demand. On February 6, 2013, Mr. Keming Li sold his shares to Mr. Jian Li, and Mr. Jian Li became the loan holder for all the prior loans advanced by the former officer, Mr. Keming Li. As of March 31, 2013, the total loans from shareholder or officer was $25,787. For the period of April 1, 2013 to June 30, 2019, the officer and director Jian Li additionally loaned $136,146 to the Company for continually operating of the business. For the period of July 1, 2019 to June 30, 2020, the officer and director Jian Li additionally loaned $22,000 to the Company for continually operating of the business. For the period of July 1, 2020 to June 30, 2021, the officer and director Jian Li additionally loaned $25,000 to the Company for continually operating of the business. For the period of July 1, 2021 to December 31, 2021, the officer and director Jian Li additionally loaned $20,000 to the Company for continually operating of the business. As of December 31, 2023, the total loan outstanding to officer and director Jian Li, and to companies controlled by Jian Li is $228,933.

SHAREHOLDERS EQUITY

SHAREHOLDERS EQUITY	6 Months Ended
	Dec. 31, 2023
SHAREHOLDERS EQUITY
SHAREHOLDERS' EQUITY	NOTE D - SHAREHOLDERS’ EQUITY Common Stock Under the Company’s Articles of Incorporation dated May 10, 2010, the Company is authorized to issue 500,000,000 shares of capital stock with a par value of $0.001. On May 10, 2010, the Company was incorporated in the State of Nevada. As of December 31, 2023, there was a total of 7,964,090 shares issued and outstanding.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Dec. 31, 2023
GOING CONCERN
GOING CONCERN	NOTE E - GOING CONCERN The Company’s activities consist solely of corporate formation, raising capital and attempting to sell products to generate revenues. There is no guarantee that the Company will be able to raise enough capital or generate revenues to sustain its operations and carry out its business plan. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for one year from the issue date of these financial statements. The financial statements do not include any adjustments relating to the carrying amounts of recorded assets or the carrying amounts and classification of recorded liabilities that may be required should the Company be unable to continue as a going concern. As of December 31, 2023, the Company had $3,920 in revenues, a working capital deficiency of $156,939 and an accumulated deficit of $456,263. And as of June 30, 2023, a working capital deficiency of $131,807, and an accumulated deficit of $431,131. The Company’s lack of operating history and financial resources raise substantial doubt about its ability to continue as a going concern. Management’s plans are to acquire FAMCe (formerly known as First America Metal Corporation), a company owned primarily by Mr. Jian Li, or another operating company. The financial statements do not include adjustments that might result from the outcome of this uncertainty and if the Company is unable to generate significant revenue or secure financing, then the Company may be required to cease or curtail its operations. However, on March 20 th

INCOME TAXES

INCOME TAXES	6 Months Ended
	Dec. 31, 2023
INCOME TAXES
INCOME TAXES	NOTE F - INCOME TAXES The Company has a net operating loss carried forward of $456,263 available to offset taxable income in future years which commence expiring in fiscal 2032. The income tax benefit has been computed by applying the weighted average income tax rates of the United States (federal and state rates) of 21% to the net loss before income taxes calculated for each jurisdiction. The tax effect of the significant temporary differences, which comprise future tax assets and liabilities, are as follows: Three Months Ended December 31 2023 2022 Income tax recovery at statutory rate $ 2,408 $ 708 Valuation allowance change $ (2,408 ) $ (708 ) Provision for income taxes $ - $ - The significant components of deferred income tax assets and liabilities at December 31, 2023 and 2022, respectively, are as follows: Net operating loss carried forward $ 95,809 $ 88,877 Valuation allowance $ (95,809 ) $ (88,877 ) Net deferred income tax asset $ - $ -

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Dec. 31, 2023
SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting	The financial statements reflect the assets, revenues and expenditures of the Company on the accrual basis of accounting. The Company’s fiscal year end is June 30. The accompanying unaudited condensed interim financial statements and related notes have been prepared in accordance with U.S. GAAP for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission set forth in Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited condensed interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These unaudited condensed interim financial statements should be read in conjunction with the financial statements of the Company for the year ended June 30, 2023 and notes thereto contained in our 10-K Annual Report.
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 certain amounts reported in the financial statements and disclosures. Accordingly, actual results could differ from those estimates. The extent to which the COVID- 19 may
Cash and Cash Equivalents	The Company considers all highly-liquid investments with an original maturity of three months or less when purchased to be cash equivalents. The Company has no Cash Equivalents as of December 31, 2023.
Stock-Based Compensation	The Company accounts for stock issued for services using the fair value method in accordance with FASB ASC Topic 718, “Compensation - Stock Compensation”. The measurement date of shares issued for services is the date at which the counterparty’s performance is complete.
Basic and Diluted Net Loss per Common Share	The Company computes per share amounts in accordance with FASB ASC Topic 260, “Earnings per Share”. ASC 260 requires presentation of basic and diluted EPS. Basic EPS is computed by dividing the income (loss) available to Common Shareholders by the weighted-average number of common shares outstanding for the periods. Diluted EPS is based on the weighted-average number of shares of common stock and common stock equivalents outstanding during the periods. As of December 31, 2023, the Company only issued one type of shares, i.e., common shares only. There is no other type of securities issued. Accordingly, the diluted and basic net loss per common share is the same.
Revenue Recognition	Revenue is recognized in accordance with ASC 606. The Company performs the following five steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company applies the five-step model to arrangements that meet the definition of a contract under Topic 606, including when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of Topic 606, the Company evaluates the goods or services promised within each contract related performance obligation and assesses whether each promised good or service is distinct. The Company recognizes as revenue, the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied.
Cost of Goods Sold	Cost of Goods Sold included the purchase cost of the product sold, freight and shipping expense, custom fees, and merchant account fees. For the fiscal quarters ended December 31, 2023and 2022, there was $0 in Cost of Goods Sold.
Operating Expenses	Operating expenses consist of selling, general and administrative expenses, mainly accounting and auditing fees, legal fees, SEC filing fees, and other professional fees.
Operating Leases	After February 6, 2013, the Company moved to the new address located at 1000 E. Armstrong St., Morris, IL 60450. There was no lease signed between the Company and the property owner, Jian Li, who is also the majority shareholder of the Company.
Income Tax	Income taxes are provided for tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes. Deferred taxes are recognized for differences between the basis of assets and liabilities for financial statement and income tax purposes. The differences in asset and liability basis relate primarily to organization and start-up costs (use of different methods and periods to calculate deduction). Deferred taxes are also recognized for operating losses and tax credits that are available to offset future income taxes. The deferred tax assets and/or liabilities represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. The components of the deferred tax asset and liability are classified as current and noncurrent based on their characteristics. Valuation allowances are provided for deferred tax assets based on management’s projection of the sufficiency of future taxable income to realize the assets. The Company policy is to recognize interest related to unrecognized tax benefits as income tax expense.
Recent Accounting Pronouncements	In February 2016, the FASB issued ASU No. 2016-02, “Leases” (“ASU 2016-02”). This guidance requires an entity to recognize lease liabilities and a right-of-use asset for all leases on the balance sheet and to disclose key information about the entity’s leasing arrangements. ASU 2016-02 must be adopted using a modified retrospective approach for all leases existing at, or entered into after the date of initial adoption, with an option to elect to use certain transition relief. ASU 2016-02 is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period, with earlier adoption permitted. The Company adopted this ASU effective July 1, 2019. Adoption of this ASU did not have a material impact on the Company’s financial statements.

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Dec. 31, 2023
RELATED PARTY TRANSACTIONS
Schedule of common Shares Issued to Executive and Non-Executive Officers and Directors	Name Title Share QTY Date % of Common Share Jian Li CEO & President 6,388,010 2/6/2013 & 11/27/2013 80.21 %

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Dec. 31, 2023
INCOME TAXES
Schedule of income tax benefit	Three Months Ended December 31 2023 2022 Income tax recovery at statutory rate $ 2,408 $ 708 Valuation allowance change $ (2,408 ) $ (708 ) Provision for income taxes $ - $ -
Schedule of components of deferred income tax assets and liabilities	Net operating loss carried forward $ 95,809 $ 88,877 Valuation allowance $ (95,809 ) $ (88,877 ) Net deferred income tax asset $ - $ -

BUSINESS DESCRIPTION (Details N

BUSINESS DESCRIPTION (Details Narrative)	1 Months Ended
	Mar. 20, 2023 USD ($)
Cash infusion	$ 100,500
President [Member]
Cash infusion	$ 100,500

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
SIGNIFICANT ACCOUNTING POLICIES
Cost of Goods Sold	$ 0	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - Officer and director Jian Li [Member]	6 Months Ended
	Dec. 31, 2023 shares
Title	CEO & President
Share QTY	6,388,010
Date	2/6/2013 & 11/27/2013
% of Common share	80.21%

RELATED PARTY TRANSACTIONS (D_2

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	6 Months Ended	11 Months Ended	12 Months Ended		75 Months Ended
	Dec. 31, 2021	Feb. 28, 2013	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2013
Common stock, shares outstanding						7,964,090	7,964,090
Keming Li [Member]
Loan from officer and shareholder		$ 25,787
Total outstanding loan								$ 25,787
Jian Li [Member]
Loan from officer and shareholder	$ 20,000		$ 25,000	$ 22,000	$ 136,146
Total outstanding loan						$ 228,933
Officers and Directors [Member]
Common stock issued						6,388,010

SHAREHOLDERS EQUITY (Details Na

SHAREHOLDERS EQUITY (Details Narrative) - $ / shares	Dec. 31, 2023	Jun. 30, 2023
SHAREHOLDERS EQUITY
Common stock, share par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	7,964,090	7,964,090
Common stock, shares outstanding	7,964,090	7,964,090

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 20, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023
Working capital		$ 156,939		$ 156,939		$ 131,807
Cash infusion	$ 100,500
Revenues		0	$ 0	3,920	$ 0
Accumulated deficit		$ (456,263)		$ (456,263)		$ (431,131)
President [Member]
Cash infusion	$ 100,500

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
INCOME TAXES
Income tax recovery at statutory rate	$ 2,408	$ 708
Valuation allowance change	(2,408)	(708)
Provision for income taxes	$ 0	$ 0	$ 0	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
INCOME TAXES
Net operating loss carried forward	$ 95,809	$ 88,877
Valuation allowance	(95,809)	(88,877)
Net deferred income tax asset	$ 0	$ 0

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	6 Months Ended
	Dec. 31, 2023 USD ($)
INCOME TAXES
Weighted average income tax rates	21%
Net operating loss carried forward	$ 456,263