Cover
Cover - shares | 6 Months Ended | |
Dec. 31, 2023 | Feb. 13, 2024 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Dec. 31, 2023 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2024 | |
Current Fiscal Year End Date | --06-30 | |
Entity File Number | 000-54912 | |
Entity Registrant Name | Worldwide NFT Inc. | |
Entity Central Index Key | 0001528188 | |
Entity Tax Identification Number | 27-3129919 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 3535 Executive Terminal Drive | |
Entity Address, City or Town | Henderson | |
Entity Address, State or Province | NV | |
Entity Address, Postal Zip Code | 89052 | |
City Area Code | (702) | |
Local Phone Number | 840-4433 | |
Title of 12(b) Security | Common Stock, $.001 | |
Trading Symbol | WNFT | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Elected Not To Use the Extended Transition Period | false | |
Entity Shell Company | true | |
Entity Common Stock, Shares Outstanding | 534,750,000 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2023 | Jun. 30, 2023 |
CURRENT ASSETS | ||
Cash | ||
Prepaid expenses and other current assets | ||
Total current assets | ||
Total non-current assets | ||
TOTAL ASSETS | ||
CURRENT LIABILITIES | ||
Total current liabilities | 391,412 | 274,767 |
TOTAL LIABILITIES | 391,412 | 274,767 |
Commitments and contingencies | ||
STOCKHOLDERS’ DEFICIT | ||
Series A Preferred stock, par value $0.001; 10,000,000 shares authorized; 5,000,000 and 5,000,000 shares issued and outstanding as of December 31, 2023 and June 30, 2023, respectively | 5,000 | 5,000 |
Common stock, par value $0.001; 1,875,000,000 shares authorized, 534,750,000 shares issued and outstanding as of December 31, 2023 and June 30, 2023, respectively | 534,750 | 534,750 |
Additional paid in capital | 20,127,300 | 20,127,300 |
Accumulated deficit | (21,058,462) | (20,941,817) |
Total stockholders’ deficit | (391,412) | (274,767) |
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
Related Party [Member] | ||
CURRENT LIABILITIES | ||
Accounts payable | 89,130 | 89,130 |
Officer [Member] | ||
CURRENT LIABILITIES | ||
Accounts payable | 271,549 | 182,187 |
Nonrelated Party [Member] | ||
CURRENT LIABILITIES | ||
Accounts payable | $ 30,733 | $ 3,450 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2023 | Jun. 30, 2023 |
Statement of Financial Position [Abstract] | ||
Series A preferred stock, par value | $ 0.001 | $ 0.001 |
Series A preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Series A preferred stock, shares issued | 5,000,000 | 5,000,000 |
Series A preferred stock, shares outstanding | 5,000,000 | 5,000,000 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 1,875,000,000 | 1,875,000,000 |
Common stock, shares issued | 534,750,000 | 534,750,000 |
Common stock, shares outstanding | 534,750,000 | 534,750,000 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Income Statement [Abstract] | ||||
REVENUES | ||||
COST OF REVENUES | ||||
GROSS PROFIT | ||||
OPERATING EXPENSES: | ||||
Professional fees | 32,063 | 33,131 | 116,645 | 69,539 |
General and administrative | ||||
Total operating expenses | 32,063 | 33,131 | 116,645 | 69,539 |
LOSS FROM OPERATIONS BEFORE OTHER EXPENSES | (32,063) | (33,131) | (116,645) | (69,539) |
OTHER INCOME (EXPENSE): | ||||
Forgiveness of debt – court discharge | ||||
Interest expense | ||||
Total other income (expense) | ||||
LOSS FROM OPERATIONS BEFORE BENEFIT (PROVISION) FOR INCOME TAXES | (32,063) | (33,131) | (116,645) | (69,539) |
BENEFIT (PROVISION) FOR INCOME TAXES | ||||
NET LOSS | $ (32,063) | $ (33,131) | $ (116,645) | $ (69,539) |
NET LOSS PER SHARE | ||||
Earnings per share - basic | $ 0 | $ 0 | $ 0 | $ 0 |
Earnings per share - diluted | $ 0 | $ 0 | $ 0 | $ 0 |
SHARES USED IN CALCULATION OF NET LOSS PER SHARE | ||||
Weighted average number of shares outstanding - basic | 534,750,000 | 534,750,000 | 534,750,000 | 534,750,000 |
Weighted average number of shares outstanding - diluted | 534,750,000 | 534,750,000 | 534,750,000 | 534,750,000 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Cash flows from operating activities: | ||
Net loss | $ (116,645) | $ (69,539) |
Adjustments to reconcile net loss to net cash (used in) operating activities: | ||
Consulting fees for preferred stock issued | ||
Changes in assets and liabilities | ||
Accounts payable - officer | 89,362 | 54,028 |
Accounts payable – non-related parties | 27,283 | 15,511 |
Accounts payable and accrued expenses – related party | ||
Net cash (used in) operating activities | ||
Cash flows from financing activities: | ||
Proceeds from officer in consideration of preferred stock | ||
Net cash provided by financing activities | ||
NET INCREASE (DECREASE) IN CASH | ||
Cash - beginning of period | ||
Cash - end of period | ||
SUPPLEMENTAL DISCLOSURES: | ||
Cash paid for interest | ||
Cash paid for income taxes |
Consolidated Statement of Chang
Consolidated Statement of Changes in Stockholders' Deficit (Unaudited) - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance at Jun. 30, 2022 | $ 5,000 | $ 534,750 | $ 20,127,300 | $ (20,844,212) | $ (177,162) |
Balance, shares at Jun. 30, 2022 | 5,000,000 | 534,750,000 | |||
Net loss for the period | (36,408) | (36,408) | |||
Balance at Sep. 30, 2022 | $ 5,000 | $ 534,750 | 20,127,300 | (20,880,620) | (213,570) |
Balance, shares at Sep. 30, 2022 | 5,000,000 | 534,750,000 | |||
Balance at Jun. 30, 2022 | $ 5,000 | $ 534,750 | 20,127,300 | (20,844,212) | (177,162) |
Balance, shares at Jun. 30, 2022 | 5,000,000 | 534,750,000 | |||
Net loss for the period | (69,539) | ||||
Balance at Dec. 31, 2022 | $ 5,000 | $ 534,750 | 20,127,300 | (20,913,751) | (246,701) |
Balance, shares at Dec. 31, 2022 | 5,000,000 | 534,750,000 | |||
Balance at Sep. 30, 2022 | $ 5,000 | $ 534,750 | 20,127,300 | (20,880,620) | (213,570) |
Balance, shares at Sep. 30, 2022 | 5,000,000 | 534,750,000 | |||
Net loss for the period | (33,131) | (33,131) | |||
Balance at Dec. 31, 2022 | $ 5,000 | $ 534,750 | 20,127,300 | (20,913,751) | (246,701) |
Balance, shares at Dec. 31, 2022 | 5,000,000 | 534,750,000 | |||
Balance at Jun. 30, 2023 | $ 5,000 | $ 534,750 | 20,127,300 | (20,941,817) | (274,767) |
Balance, shares at Jun. 30, 2023 | 5,000,000 | 534,750,000 | |||
Net loss for the period | (84,582) | (84,582) | |||
Balance at Sep. 30, 2023 | $ 5,000 | $ 534,750 | 20,127,300 | (21,026,399) | (359,349) |
Balance, shares at Sep. 30, 2023 | 5,000,000 | 534,750,000 | |||
Balance at Jun. 30, 2023 | $ 5,000 | $ 534,750 | 20,127,300 | (20,941,817) | (274,767) |
Balance, shares at Jun. 30, 2023 | 5,000,000 | 534,750,000 | |||
Net loss for the period | (116,645) | ||||
Balance at Dec. 31, 2023 | $ 5,000 | $ 534,750 | 20,127,300 | (21,058,462) | (391,412) |
Balance, shares at Dec. 31, 2023 | 5,000,000 | 534,750,000 | |||
Balance at Sep. 30, 2023 | $ 5,000 | $ 534,750 | 20,127,300 | (21,026,399) | (359,349) |
Balance, shares at Sep. 30, 2023 | 5,000,000 | 534,750,000 | |||
Net loss for the period | (32,063) | (32,063) | |||
Balance at Dec. 31, 2023 | $ 5,000 | $ 534,750 | $ 20,127,300 | $ (21,058,462) | $ (391,412) |
Balance, shares at Dec. 31, 2023 | 5,000,000 | 534,750,000 |
NATURE OF OPERATIONS
NATURE OF OPERATIONS | 6 Months Ended |
Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NATURE OF OPERATIONS | NOTE 1- NATURE OF OPERATIONS Nature of Operations Worldwide NFT Inc. (the “Company”) was incorporated in the State of Nevada July 12, 2010 The Company had a subsidiary Golden Glory Resources, Inc. This entity was in the business of the aforementioned gold and silver production efforts. There had 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. By Order dated June 14, 2021, all liabilities other than George Sharp’s judgement have been discharged by the Nevada District Court, Clark County. On January 19, 2022, the Company registered with the Secretary of State in Nevada to change its name to Worldwide NFT Inc. FINRA approved the name change, and a forward 3 for 1 stock split |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Dec. 31, 2023 | |
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. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. 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 reported amounts of revenues and expenses during the reporting period. These estimates include, but are not limited to, management’s estimate of provisions required for permanent and temporary differences related to income taxes, liabilities to accrue, and determination of the fair value of stock awards. Actual results could differ from those estimates. Cash Cash consists of cash and demand deposits with an original maturity of three months or less. The Company holds no Receivables and Concentration of Credit Risk When the Company records an allowance for doubtful accounts it is based on management’s estimate of the overall collectability of accounts receivable, considering historical losses, credit insurance and economic conditions. Based on these same factors, individual accounts are charged off against the allowance when management determines those individual accounts are uncollectible. Credit extended to customers is generally uncollateralized. Past-due status is based on contractual terms. The Company recorded an allowance for their note receivable for the full amount as collection of this note is uncertain. Revenue Recognition The Company will account for a contract with a customer that is within the scope of this Topic only when the five steps of revenue recognition under ASC 606 are met. The five core principles will be evaluated for each service provided by the Company and is further supported by applicable guidance in ASC 606 to support the Company’s recognition of revenue. The Company has not recognized any revenue to date. Income Taxes Income taxes are accounted under the asset and liability method. The current charge for income tax expense is calculated in accordance with the relevant tax regulations applicable to the entities. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Differences between statutory tax rates and effective tax rates relate to permanent tax differences. Uncertain Tax Positions The Company follows ASC 740-10 Accounting for Uncertainty in Income Taxes. This requires recognition and measurement of uncertain income tax positions using a “more-likely-than-not” approach. Management evaluates their tax positions on an annual basis. The Company files income tax returns in the U.S. federal tax jurisdiction and various state tax jurisdictions. The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they were filed. Earnings (Loss) Per Share of Common Stock Basic net income (loss) per common share is computed using the weighted average number of common shares outstanding. Diluted earnings per share (“EPS”) include additional dilution from common stock equivalents, such as convertible notes, preferred stock, stock issuable pursuant to the exercise of stock options and warrants. Common stock equivalents are not included in the computation of diluted earnings per share when the Company reports a loss because to do so would be anti-dilutive for periods presented, so only the basic weighted average number of common shares are used in the computations. Fair Value Measurements ASC 820 Fair Value Measurements defines fair value, establishes a framework for measuring fair value in accordance with GAAP, and expands disclosure about fair value measurements. ASC 820 classifies these inputs into the following hierarchy: Level 1 inputs: Quoted prices for identical instruments in active markets. Level 2 inputs: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 inputs: Instruments with primarily unobservable value drivers. Financial instruments consist principally of accounts payable and accrued liabilities, notes payable, and amounts due to related parties. We measure our investments at cost less any impairment, and our notes receivable are at cost less any reserve for uncollectible amounts. The fair value of cash is determined based on Level 1 inputs. There were no transfers into or out of “Level 3” during the periods ended December 31, 2023 and June 30, 2023. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective relatively short maturity dates or durations. Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. |
STOCKHOLDERS_ DEFICIT
STOCKHOLDERS’ DEFICIT | 6 Months Ended |
Dec. 31, 2023 | |
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 On October 22, 2021, the Company issued 3,000,000 4,700,000 19,880,000 In February 2022, the Company had cancelled for no consideration 150,000,000 5,000,000 All of the stock-based compensation was measured pursuant to ASC 718-10-50 at the fair value of the shares at the share price on the date of issuance. The preferred shares convert to common at a ratio of 1 share of preferred stock to 90 shares of common stock. There are no none As of December 31, 2023, 5,000,000 534,750,000 |
ACCOUNTS PAYABLE - OFFICER
ACCOUNTS PAYABLE - OFFICER | 6 Months Ended |
Dec. 31, 2023 | |
Payables and Accruals [Abstract] | |
ACCOUNTS PAYABLE - OFFICER | NOTE 4 – ACCOUNTS PAYABLE - OFFICER The Company had a judgment filed against it on July 23, 2012 by George Sharp in the amount of $ 57,450 28,049 85,499 3,631 89,130 The Company has incurred additional expenses up through the period ended December 31, 2023 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. |
GOING CONCERN
GOING CONCERN | 6 Months Ended |
Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 5 – GOING CONCERN The Company concluded that due to the lack of operating history, large accumulated deficit, 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. |
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS | 6 Months Ended |
Dec. 31, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
LEGAL PROCEEDINGS | NOTE 6 – LEGAL PROCEEDINGS The Company received a notice of appeal to the Nevada Supreme Court filed May 17, 2022 by Warwick Calasse. Mr. Calasse is appealing the decision by the District Court of the State of Nevada in and for Clark County (In the Matter of GOFF Corp., Case No. A-20-815182-B) by an Order dated February 22, 2022 to have the 50,000,000 5,000,000 The Company filed an Amended Complaint against Warwick Calasse in the in the District Court for Clark County, Nevada (Case No.: A-22-858709-B) on September 29, 2022 seeking compensatory and punitive damages on behalf of the Company against Mr. Calasse and alleging that he breached the Consulting Agreement he claims to have entered with the Company and that he breached the fiduciary duties he owed to the Company. The District Court entered a Business Court Scheduling Order Setting Civil Non-Jury Trial on October 16, 2023. Judge Williams scheduled a pretrial conference/calendar call for December 19, 2024, and a civil non-jury trial for January 13, 2025. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Dec. 31, 2023 | |
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. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. 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 reported amounts of revenues and expenses during the reporting period. These estimates include, but are not limited to, management’s estimate of provisions required for permanent and temporary differences related to income taxes, liabilities to accrue, and determination of the fair value of stock awards. Actual results could differ from those estimates. |
Cash | Cash Cash consists of cash and demand deposits with an original maturity of three months or less. The Company holds no |
Receivables and Concentration of Credit Risk | Receivables and Concentration of Credit Risk When the Company records an allowance for doubtful accounts it is based on management’s estimate of the overall collectability of accounts receivable, considering historical losses, credit insurance and economic conditions. Based on these same factors, individual accounts are charged off against the allowance when management determines those individual accounts are uncollectible. Credit extended to customers is generally uncollateralized. Past-due status is based on contractual terms. The Company recorded an allowance for their note receivable for the full amount as collection of this note is uncertain. |
Revenue Recognition | Revenue Recognition The Company will account for a contract with a customer that is within the scope of this Topic only when the five steps of revenue recognition under ASC 606 are met. The five core principles will be evaluated for each service provided by the Company and is further supported by applicable guidance in ASC 606 to support the Company’s recognition of revenue. The Company has not recognized any revenue to date. |
Income Taxes | Income Taxes Income taxes are accounted under the asset and liability method. The current charge for income tax expense is calculated in accordance with the relevant tax regulations applicable to the entities. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Differences between statutory tax rates and effective tax rates relate to permanent tax differences. |
Uncertain Tax Positions | Uncertain Tax Positions The Company follows ASC 740-10 Accounting for Uncertainty in Income Taxes. This requires recognition and measurement of uncertain income tax positions using a “more-likely-than-not” approach. Management evaluates their tax positions on an annual basis. The Company files income tax returns in the U.S. federal tax jurisdiction and various state tax jurisdictions. The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they were filed. |
Earnings (Loss) Per Share of Common Stock | Earnings (Loss) Per Share of Common Stock Basic net income (loss) per common share is computed using the weighted average number of common shares outstanding. Diluted earnings per share (“EPS”) include additional dilution from common stock equivalents, such as convertible notes, preferred stock, stock issuable pursuant to the exercise of stock options and warrants. Common stock equivalents are not included in the computation of diluted earnings per share when the Company reports a loss because to do so would be anti-dilutive for periods presented, so only the basic weighted average number of common shares are used in the computations. |
Fair Value Measurements | Fair Value Measurements ASC 820 Fair Value Measurements defines fair value, establishes a framework for measuring fair value in accordance with GAAP, and expands disclosure about fair value measurements. ASC 820 classifies these inputs into the following hierarchy: Level 1 inputs: Quoted prices for identical instruments in active markets. Level 2 inputs: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 inputs: Instruments with primarily unobservable value drivers. Financial instruments consist principally of accounts payable and accrued liabilities, notes payable, and amounts due to related parties. We measure our investments at cost less any impairment, and our notes receivable are at cost less any reserve for uncollectible amounts. The fair value of cash is determined based on Level 1 inputs. There were no transfers into or out of “Level 3” during the periods ended December 31, 2023 and June 30, 2023. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective relatively short maturity dates or durations. Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. |
NATURE OF OPERATIONS (Details N
NATURE OF OPERATIONS (Details Narrative) | 6 Months Ended | |
Jun. 29, 2022 | Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Entity state of incorporation | NV | |
Entity date of incorporation | Jul. 12, 2010 | |
Forward stock split | 3 for 1 stock split | The preferred shares convert to common at a ratio of 1 share of preferred stock to 90 shares of common stock. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | Dec. 31, 2023 | Jun. 30, 2023 |
Accounting Policies [Abstract] | ||
Cash and cash equivalents | $ 0 | $ 0 |
STOCKHOLDERS_ DEFICIT (Details
STOCKHOLDERS’ DEFICIT (Details Narrative) - USD ($) | 1 Months Ended | 6 Months Ended | |||||
Jun. 29, 2022 | Oct. 22, 2021 | Aug. 29, 2021 | Feb. 28, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2023 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Forward stock split | 3 for 1 stock split | The preferred shares convert to common at a ratio of 1 share of preferred stock to 90 shares of common stock. | |||||
Stock options granted | 0 | 0 | |||||
Options, outstanding, shares | 0 | 0 | |||||
Warrant, outstanding shares | 0 | 0 | |||||
Preferred stock, shares authorized | 10,000,000 | 10,000,000 | |||||
Common stock, shares issued | 534,750,000 | 534,750,000 | |||||
Common stock, shares outstanding | 534,750,000 | 534,750,000 | |||||
Series A Preferred Stock [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Preferred stock, shares authorized | 5,000,000 | ||||||
Common Stock [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Number of shares cancelled | 150,000,000 | ||||||
Preferred Stock [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Number of shares cancelled | 5,000,000 | ||||||
Warrant [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Number of warrants granted | 0 | 0 | |||||
George Sharp [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Voting rights, description | the Company issued 300,000 shares of the authorized “blank check” preferred stock to George Sharp with 30,000 common votes for each share of preferred stock. | ||||||
Number of shares issued, during period | 300,000 | ||||||
Chief Executive Officer [Member] | Series A Preferred Stock [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Number of shares issued for services | 4,700,000 | ||||||
Number of shares issued for services, value | $ 19,880,000 | ||||||
Chief Executive Officer [Member] | Common Stock [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Number of shares issued for services | 3,000,000 |
ACCOUNTS PAYABLE - OFFICER (Det
ACCOUNTS PAYABLE - OFFICER (Details Narrative) - USD ($) | Dec. 31, 2023 | Jun. 30, 2023 | Jun. 09, 2021 | Jan. 05, 2021 | Jul. 23, 2012 |
Related Party [Member] | |||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||
Accounts payable, related party | $ 89,130 | $ 89,130 | |||
George Sharp [Member] | |||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||
Accrued interest | $ 3,631 | $ 28,049 | |||
George Sharp [Member] | Related Party [Member] | |||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||
Accounts payable, related party | $ 89,130 | $ 85,499 | $ 57,450 |
LEGAL PROCEEDINGS (Details Narr
LEGAL PROCEEDINGS (Details Narrative) - shares | 1 Months Ended | |
Feb. 22, 2022 | Feb. 28, 2022 | |
Common Stock [Member] | ||
Number of shares cancelled | 150,000,000 | |
Common Stock [Member] | Mr. Calasse [Member] | ||
Number of shares cancelled | 50,000,000 | |
Preferred Stock [Member] | ||
Number of shares cancelled | 5,000,000 | |
Preferred Stock [Member] | Mr. Calasse [Member] | ||
Number of shares cancelled | 5,000,000 |