Document and Entity Information
Document and Entity Information | 3 Months Ended |
Sep. 30, 2021 | |
Cover [Abstract] | |
Entity Registrant Name | GOFF, CORP |
Entity Central Index Key | 0001528188 |
Document Type | 10-12G/A |
Amendment Flag | true |
Amendment Description | Unless otherwise mentioned or unless the context requires otherwise, when used in this Form 10, the terms "Goff," "Company," "we," "us," and "our" refer to Goff Corp. Goff is an "emerging growth company" as defined under the federal securities laws and, as such, may elect to comply with certain reduced public company reporting requirements in future reports that we file with the United States Securities and Exchange Commission, or SEC. Goff is a "smaller reporting company" as defined in Exchange Act Rule 12b-2. However, we are not currently electing to take advantage of the scaled disclosure available to smaller reporting companies. |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business Flag | true |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Sep. 30, 2021 | Jun. 30, 2021 | Jun. 30, 2020 |
CURRENT ASSETS | |||
Cash | |||
Prepaid expenses and other current assets | |||
Total current assets | |||
Total non-current assets | |||
TOTAL ASSETS | 0 | 0 | 0 |
CURRENT LIABILITIES | |||
Accounts payable - related party | 89,130 | 89,130 | 57,450 |
Accounts payable - officer | 4,720 | ||
Accounts payable - non-related parties | 25,454 | ||
Note payable - former officer | 24,814 | ||
Total current liabilities | 119,304 | 89,130 | 82,264 |
TOTAL LIABILITIES | 119,304 | 89,130 | 82,264 |
STOCKHOLDERS' DEFICIT | |||
Series A Preferred stock, par value $0.001; 10,000,000 shares authorized; 5,000,000 shares issued and outstanding as of September 30, 2021, June 30, 2021 and 2020, respectively | 5,300 | 5,000 | 5,000 |
Common stock, par value $0.001; 1,875,000,000 shares authorized, 227,250,000 shares issued and outstanding as of September 30, 2021, June 30, 2021 and 2020, respectively | 227,250 | 227,250 | 227,250 |
Additional paid in capital | 100,000 | ||
Accumulated deficit | (451,854) | (321,380) | (314,514) |
Total stockholders' deficit | (119,304) | (89,130) | (82,264) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 0 | $ 0 | $ 0 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Sep. 30, 2021 | Jun. 30, 2021 | Jun. 30, 2020 |
Statement of Financial Position [Abstract] | |||
Series A Preferred stock, par value | $ 0.001 | $ 0.001 | $ 0.001 |
Series A Preferred stock, shares authorized | 10,000,000 | 10,000,000 | 10,000,000 |
Series A Preferred stock, shares issued | 5,000,000 | 5,000,000 | 5,000,000 |
Series A Preferred stock, shares outstanding | 5,000,000 | 5,000,000 | 5,000,000 |
Common stock, par value | $ 0.001 | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 |
Common stock, shares issued | 227,250,000 | 227,250,000 | 227,250,000 |
Common stock, shares outstanding | 227,250,000 | 227,250,000 | 227,250,000 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 3 Months Ended | 12 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Income Statement [Abstract] | ||||
REVENUES | ||||
COST OF REVENUES | ||||
GROSS PROFIT | ||||
OPERATING EXPENSES: | ||||
Professional fees | 124,352 | |||
General and administrative | 6,122 | |||
Total operating expenses | 130,474 | |||
LOSS FROM OPERATIONS BEFORE OTHER EXPENSES | (130,474) | |||
OTHER INCOME (EXPENSE): | ||||
Forgiveness of debt - court discharge | 24,814 | |||
Interest expense | (31,680) | |||
Total other income (expense) | (6,866) | |||
LOSS FROM OPERATIONS BEFORE BENEFIT (PROVISION) FOR INCOME TAXES | (130,474) | |||
BENEFIT (PROVISION) FOR INCOME TAXES | ||||
NET LOSS | $ (130,474) | $ (6,866) | ||
NET LOSS PER SHARE | ||||
Basic and diluted | $ (0.0005) | $ (0.00003) | ||
SHARES USED IN CALCULATION OF NET LOSS PER SHARE | ||||
Basic and diluted | 227,250,000 | 227,250,000 | 227,250,000 | 227,250,000 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 3 Months Ended | 12 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Cash flows from operating activities: | ||||
Net loss | $ (130,474) | $ (6,866) | ||
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||
Consulting fees for preferred stock issued | 50,300 | |||
Forgiveness of debt - court discharge | (24,814) | |||
Changes in assets and liabilities | ||||
Prepaid expenses | ||||
Accounts payable - officer | 4,720 | |||
Accounts payable - non-related parties | 25,454 | |||
Accounts payable and accrued expenses - related party | 31,680 | |||
Net cash provided by (used in) operating activities | (50,000) | |||
Cash flows from financing activities: | ||||
Proceeds from exercise of warrants | ||||
Proceeds from issuance of common stock | ||||
Proceeds from notes payable | ||||
Proceeds from officer in consideration of preferred stock | 50,000 | |||
Net cash provided by financing activities | 50,000 | |||
NET INCREASE (DECREASE) IN CASH | ||||
Cash - beginning of year | ||||
Cash - end of year | ||||
SUPPLEMENTAL DISCLOSURES: | ||||
Cash paid for interest | ||||
Cash paid for income taxes |
Consolidated Statement of Chang
Consolidated Statement of Changes in Shareholders' Deficit - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-In Capital [Member] | Accumulated Deficit [Member] | Total |
Beginning balance at Jun. 30, 2019 | $ 5,000 | $ 227,225 | $ (314,514) | $ (82,264) | |
Beginning balance, shares at Jun. 30, 2019 | 5,000,000 | 227,250,000 | |||
Net loss for the year | |||||
Ending balance at Jun. 30, 2020 | $ 5,000 | $ 227,225 | (314,514) | (82,264) | |
Ending balance, shares at Jun. 30, 2020 | 5,000,000 | 227,250,000 | |||
Net loss for the year | |||||
Ending balance at Sep. 30, 2020 | $ 5,000 | $ 227,225 | (314,514) | (82,264) | |
Ending balance, shares at Sep. 30, 2020 | 5,000,000 | 227,250,000 | |||
Beginning balance at Jun. 30, 2020 | $ 5,000 | $ 227,225 | (314,514) | (82,264) | |
Beginning balance, shares at Jun. 30, 2020 | 5,000,000 | 227,250,000 | |||
Net loss for the year | (6,866) | (6,866) | |||
Ending balance at Jun. 30, 2021 | $ 5,000 | $ 227,250 | (321,380) | (89,130) | |
Ending balance, shares at Jun. 30, 2021 | 5,000,000 | 227,250,000 | |||
Issuance of preferred shares to officer for advances made to Company and for services rendered | $ 300 | 100,000 | 100,300 | ||
Issuance of preferred shares to officer for advances made to Company and for services rendered, shares | 300,000 | ||||
Net loss for the year | (130,474) | (130,474) | |||
Ending balance at Sep. 30, 2021 | $ 5,300 | $ 227,250 | $ 100,000 | $ (451,854) | $ (119,304) |
Ending balance, shares at Sep. 30, 2021 | 5,300,000 | 227,250,000 |
Nature of Operations
Nature of Operations | 3 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Jun. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Nature of Operations | NOTE 1 - NATURE OF OPERATIONS Nature of Operations GOFF CORP (the “Company”) was incorporated in the State of Nevada in July 12, 2010. The Company was an exploration stage mining company, that engaged in exploration and mining of mineral properties. They focused on gold and silver production. Since 2013, the Company has been dormant and in June 2021, a new custodian took over and will focus his efforts on developing a strategy for this company moving forward, including identifying suitable targets for acquisition. The Company had a subsidiary Golden Glory Resources, Inc. This entity was in the business of the aforementioned gold and silver production efforts. There has been no operations in this entity since 2013 until June 9, 2021 when custodianship was awarded to George Sharp. On June 9, 2021, custodianship of the Company was awarded to George Sharp. All liabilities other than George Sharp’s judgement have been discharged by the Nevada District Court, Clark County. | NOTE 1- NATURE OF OPERATIONS Nature of Operations GOFF CORP (the “Company”) was incorporated in the State of Nevada in July 12, 2010. The Company was an exploration stage mining company, that engaged in exploration and mining of mineral properties. They focused on gold and silver production. Since 2013, the Company has been dormant and in June 2021, a new custodian took over and will focus his efforts on developing a strategy for this company moving forward, including identifying suitable targets for acquisition. The Company had a subsidiary Golden Glory Resources, Inc. This entity was in the business of the aforementioned gold and silver production efforts. There has been no operations in this entity since 2013. On June 9, 2021, custodianship of the Company was awarded to George Sharp. All liabilities other than George Sharp’s judgement have been canceled by the Superior Court of California, County of San Diego. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Jun. 30, 2021 | |
Accounting Policies [Abstract] | ||
Summary of Significant Accounting Policies | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation These consolidated financial statements are presented as unaudited and in United States dollars and have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company believes that these consolidated financial statements present fairly, in all material respects, the financial position of the Company and the results of its operations and cash flows for the periods presented. The consolidated financial statements include the accounts of the Company as well as their wholly owned subsidiary, Golden Glory Resources, Inc. All inter-company transactions have been eliminated in consolidation. The Company has a fiscal June 30 year end. | NOTE 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation These consolidated financial statements are presented as unaudited and in United States dollars and have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company believes that these consolidated financial statements present fairly, in all material respects, the financial position of the Company and the results of its operations and cash flows for the periods presented. The consolidated financial statements include the accounts of the Company as well as their wholly-owned subsidiary, Golden Glory Resources, Inc. All inter-company transactions have been eliminated in consolidation. The Company has a fiscal June 30 year end. |
Stockholders' Deficit
Stockholders' Deficit | 3 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Jun. 30, 2021 | |
Equity [Abstract] | ||
Stockholders' Deficit | NOTE 3 - STOCKHOLDERS’ DEFICIT There have been no common or preferred stock transactions since 2013 until August 29, 2021 when the Company issued 300,000 shares of the authorized “blank check” preferred stock to George Sharp with 10,000 common votes for each share of preferred stock. There are no stock options or warrants granted during the periods ended September 30, 2021 and 2020 and none outstanding as of September 30, 2021 and 2020. The preferred shares convert to common at a ratio of 1 share of preferred stock converts to 30 shares of common stock. | NOTE 3-STOCKHOLDERS’ DEFICIT There have been no common or preferred stock transactions since 2013. There are no stock options or warrants granted during the years ended June 30, 2021 and 2020 and none outstanding as of June 30, 2021 and 2020. The preferred shares convert to common at a ratio of 1 share of preferred stock converts to 30 shares of common stock. |
Accounts Payable - Officer
Accounts Payable - Officer | 3 Months Ended |
Sep. 30, 2021 | |
Payables and Accruals [Abstract] | |
Accounts Payable - Officer | NOTE 4 – ACCOUNTS PAYABLE - OFFICER The Company had a judgment filed against them on July 23, 2012 by George Sharp in the amount of $57,450. This complaint was filed in Superior Court of California, County of San Diego on December 22, 2015. The judgment amount added accrued interest of $28,049 on January 5, 2021 increasing the total liability to $85,499 and then the final judgement on June 9, 2021 was increased again by $3,631 to a final figure of $89,130. All other liabilities were canceled by the court. The Company has incurred additional expenses in the three months ended September 30, 2021 that either have been paid by George Sharp or will be paid by George Sharp. Those advances are included in this account and are non-interest bearing. |
Accounts Payable
Accounts Payable | 12 Months Ended |
Jun. 30, 2021 | |
Payables and Accruals [Abstract] | |
Accounts Payable | NOTE 4 – ACCOUNTS PAYABLE The Company had a judgment filed against them on July 23, 2012 by George Sharp in the amount of $57,450. This complaint was filed in Superior Court of California, County of San Diego on December 22, 2015. The judgment amount added accrued interest of $28,049 on January 5, 2021 increasing the total liability to $85,499 and then the final judgement on June 9, 2021 was increased again by $3,631 to a final figure of $89,130. All other liabilities were canceled by the court. |
Note Payable - Former Officer
Note Payable - Former Officer | 3 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Jun. 30, 2021 | |
Debt Disclosure [Abstract] | ||
Note Payable - Former Officer | NOTE 5 – NOTE PAYABLE – FORMER OFFICER The Company has $24,814 in an unsecured, non-interest bearing note with a former officer. This amount was discharged by the court on June 9, 2021. | NOTE 5 – NOTE PAYABLE – FORMER OFFICER The Company has $24,814 in an unsecured, non-interest bearing note with a former officer. This amount was discharged by the court on June 9, 2021. |
Going Concern
Going Concern | 3 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Jun. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Going Concern | NOTE 6 – GOING CONCERN The Company concluded that due to the change in management and revival of the entity, these conditions raise substantial doubt about the Company’s ability to continue as a going concern for one year from the date the financial statements are issued. Management intends to identify potential merger candidates to provide operating revenues and profitability. Our ability to effectively identify, develop and implement a viable plan for our business may be hindered by risks and uncertainties which are beyond our control, including without limitation, the continued negative effects of the coronavirus pandemic on the U.S. and global economies. Even though management believes this plan will allow the Company to continue as a going concern, there are no guarantees to the successful execution of this plan. These financial statements of the Company have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business over a reasonable period of time. Impact of COVID-19 The COVID-19 pandemic has not had a material impact on the Company, particularly due to our lack of operations. | NOTE 6 – GOING CONCERN The Company concluded that due to the change in management and revival of the entity, these conditions raise substantial doubt about the Company’s ability to continue as a going concern for one year from the date the financial statements are issued. Management intends to identify potential merger candidates to provide operating revenues and profitability. Our ability to effectively identify, develop and implement a viable plan for our business may be hindered by risks and uncertainties which are beyond our control, including without limitation, the continued negative effects of the coronavirus pandemic on the U.S. and global economies. Even though management believes this plan will allow the Company to continue as a going concern, there are no guarantees to the successful execution of this plan. These financial statements of the Company have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business over a reasonable period of time. Impact of COVID-19 The COVID-19 pandemic has not had a material impact on the Company, particularly due to our lack of operations. |
Subsequent Events
Subsequent Events | 3 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Jun. 30, 2021 | |
Subsequent Events [Abstract] | ||
Subsequent Events | NOTE 7 – SUBSEQUENT EVENTS On October 22, 2021, the Company issued 1,000,000 common shares and 4,700,000 Series A Preferred shares to the CEO for services valued at $144,700. | NOTE 7 – SUBSEQUENT EVENTS On August 29, 2021, in recognition of the $50,000 cash invested and $50,000 in consulting fees accrued by George Sharp for professional and regulatory fees accrued (since July 1, 2021), the Board issued 300,000 shares of the authorized “blank check” preferred stock to George Sharp with 10,000 votes for each share of prefer. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 3 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Jun. 30, 2021 | |
Accounting Policies [Abstract] | ||
Basis of Presentation | Basis of Presentation These consolidated financial statements are presented as unaudited and in United States dollars and have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company believes that these consolidated financial statements present fairly, in all material respects, the financial position of the Company and the results of its operations and cash flows for the periods presented. The consolidated financial statements include the accounts of the Company as well as their wholly owned subsidiary, Golden Glory Resources, Inc. All inter-company transactions have been eliminated in consolidation. The Company has a fiscal June 30 year end. | Basis of Presentation These consolidated financial statements are presented as unaudited and in United States dollars and have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company believes that these consolidated financial statements present fairly, in all material respects, the financial position of the Company and the results of its operations and cash flows for the periods presented. The consolidated financial statements include the accounts of the Company as well as their wholly-owned subsidiary, Golden Glory Resources, Inc. All inter-company transactions have been eliminated in consolidation. The Company has a fiscal June 30 year end. |
Stockholders' Deficit (Details
Stockholders' Deficit (Details Narrative) - shares | 2 Months Ended | 3 Months Ended | 12 Months Ended | ||
Aug. 29, 2021 | Sep. 30, 2021 | Sep. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Stock options granted | |||||
Stock warrants, granted | |||||
George Sharp [Member] | |||||
Number of shares issued, during period | 300,000 | ||||
Voting rights, description | The Board issued 300,000 shares of the authorized "blank check" preferred stock to George Sharp with 10,000 votes for each share of prefer. |
Stockholders' Deficit (Detail_2
Stockholders' Deficit (Details Narrative) (10-K) - shares | 3 Months Ended | 12 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Equity [Abstract] | ||||
Stock options granted | ||||
Stock warrants, granted | ||||
Share conversion ratio, description | The preferred shares convert to common at a ratio of 1 share of preferred stock converts to 30 shares of common stock. |
Accounts Payable - Officer (Det
Accounts Payable - Officer (Details Narrative) - USD ($) | Sep. 30, 2021 | Jun. 30, 2021 | Jun. 09, 2021 | Jan. 05, 2021 | Jun. 30, 2020 | Jul. 23, 2012 |
Accounts payable, related party | $ 89,130 | $ 89,130 | $ 57,450 | |||
George Sharp [Member] | ||||||
Accounts payable, related party | $ 89,130 | $ 85,499 | $ 57,450 | |||
Accrued interest | $ 3,631 | $ 28,049 |
Accounts Payable (Details Narra
Accounts Payable (Details Narrative) (10-K) - USD ($) | Sep. 30, 2021 | Jun. 30, 2021 | Jun. 09, 2021 | Jan. 05, 2021 | Jun. 30, 2020 | Jul. 23, 2012 |
Accounts payable, related party | $ 89,130 | $ 89,130 | $ 57,450 | |||
George Sharp [Member] | ||||||
Accounts payable, related party | $ 89,130 | $ 85,499 | $ 57,450 | |||
Accrued interest | $ 3,631 | $ 28,049 |
Note Payable - Former Officer (
Note Payable - Former Officer (Details Narrative) - USD ($) | Sep. 30, 2021 | Jun. 30, 2021 | Sep. 30, 2020 | Jun. 30, 2020 |
Note payable, current | $ 24,814 | |||
Former Officer [Member] | Unsecured, Non-Interest Bearing Note [Member] | ||||
Note payable, current | $ 24,814 | $ 24,814 |
Note Payable - Former Officer_2
Note Payable - Former Officer (Details Narrative) (10-K) - USD ($) | Sep. 30, 2021 | Jun. 30, 2021 | Sep. 30, 2020 | Jun. 30, 2020 |
Note payable, current | $ 24,814 | |||
Former Officer [Member] | Unsecured, Non-Interest Bearing Note [Member] | ||||
Note payable, current | $ 24,814 | $ 24,814 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - USD ($) | Oct. 22, 2021 | Sep. 30, 2021 |
Number of shares issued for services | $ 100,300 | |
Subsequent Event [Member] | Series A Preferred Stock [Member] | CEO [Member] | ||
Number of shares issued, during period | 1,000,000 | |
Number of shares issued for services, shares | 4,700,000 | |
Number of shares issued for services | $ 144,700 |
Subsequent Events (Details Na_2
Subsequent Events (Details Narrative) (10-K) - USD ($) | 2 Months Ended | |||
Aug. 29, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Jun. 30, 2020 | |
Cash invested | ||||
George Sharp [Member] | ||||
Cash invested | $ 50,000 | |||
Number of shares issued, during period | 300,000 | |||
Voting rights, description | The Board issued 300,000 shares of the authorized "blank check" preferred stock to George Sharp with 10,000 votes for each share of prefer. | |||
George Sharp [Member] | Consuting Fees [Member] | ||||
Professional and regulatory fees accrued | $ 50,000 |