Cover
Cover - shares | 3 Months Ended | |
Jul. 31, 2022 | Sep. 07, 2022 | |
Cover [Abstract] | ||
Entity Registrant Name | CGS INTERNATIONAL, INC. | |
Entity Central Index Key | 0001552358 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Current Fiscal Year End Date | --04-30 | |
Entity Small Business | true | |
Entity Shell Company | false | |
Entity Emerging Growth Company | false | |
Entity Current Reporting Status | Yes | |
Document Period End Date | Jul. 31, 2022 | |
Entity Filer Category | Non-accelerated Filer | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2023 | |
Entity Common Stock Shares Outstanding | 36,690,013 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 333-182566 | |
Entity Incorporation State Country Code | NV | |
Entity Tax Identification Number | 32-0378469 | |
Entity Address Address Line 1 | 1111 South Roop Street | |
Entity Address Address Line 2 | #100 | |
Entity Address City Or Town | Carson City | |
Entity Address State Or Province | NV | |
Entity Address Postal Zip Code | 89702 | |
City Area Code | 63-28 | |
Local Phone Number | 4412-083 | |
Entity Interactive Data Current | Yes |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Jul. 31, 2022 | Apr. 30, 2022 |
ASSETS | ||
Cash | $ 10,941 | $ 26,535 |
Prepaid expenses | 0 | 426 |
Total current assets | 10,941 | 26,961 |
Deposit on asset purchase | 40,038 | 40,038 |
Fixed assets, net | 23,389 | 24,681 |
Total assets | 74,368 | 91,680 |
Current liabilities | ||
Accounts payable and accrued expenses | 55,012 | 37,970 |
Due to related parties | 83,530 | 78,260 |
Notes payable | 377,831 | 332,372 |
Convertible notes payable, net | 0 | 1,631 |
Total current liabilities | 516,373 | 450,233 |
Total liabilities | 516,373 | 450,233 |
Stockholders' deficit | ||
Preferred Stock, Value | 0 | 0 |
Common shares, $0.001 par value; 300,000,000 shares authorized; 36,690,013 and 23,690,000 shares issued and outstanding as of July 31, 2022 and April 2021, respectively | 36,690 | 23,690 |
Stock payable | 0 | 585,000 |
Additional paid-in capital | 113,333,587 | 112,318,767 |
Accumulated deficit | (113,819,152) | (113,294,700) |
Total stockholders' deficit | (442,005) | (358,553) |
Total liabilities and stockholders' deficit | 74,368 | 91,680 |
Series A Preferred Stock [Member] | ||
Stockholders' deficit | ||
Preferred Stock, Value | 3,000 | 3,000 |
Series B Preferred Stock [Member] | ||
Stockholders' deficit | ||
Preferred Stock, Value | 3,870 | 5,690 |
Series C Preferred Stock [Member] | ||
Stockholders' deficit | ||
Preferred Stock, Value | $ 0 | $ 0 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - $ / shares | Jul. 31, 2022 | Apr. 30, 2022 |
Preferred Stock, Shares Authorized | 46,000,000 | 46,000,000 |
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 300,000,000 | 300,000,000 |
Common Stock, Shares, Issued | 36,690,013 | 23,690,000 |
Common Stock, Shares, Outstanding | 36,690,013 | 23,690,000 |
Series B Preferred Shares [Member] | ||
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Issued | 3,869,696 | 5,689,696 |
Preferred Stock, Shares Outstanding | 3,869,696 | 5,689,696 |
Series C Preferred Shares [Member] | ||
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Series A Preferred Shares [Member] | ||
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Issued | 3,000,000 | 3,000,000 |
Preferred Stock, Shares Outstanding | 3,000,000 | 3,000,000 |
STATEMENTS OF OPERATIONS (UNAUD
STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) | 3 Months Ended | |
Jul. 31, 2022 | Jul. 31, 2021 | |
STATEMENTS OF OPERATIONS (UNAUDITED) | ||
Sales | $ 0 | $ 0 |
Operating expenses | ||
General and administrative | 41,399 | 9,455 |
Professional fees | 34,375 | 20,000 |
Total operating expenses | 75,774 | 29,455 |
Loss from operations | (75,774) | (29,455) |
Other expenses | ||
Interest expense | (12,878) | (2,276) |
Loss on settlement of debt | (435,800) | 0 |
Total other expense | (448,678) | (2,276) |
Net loss | $ (524,452) | $ (31,731) |
Net loss per common share: basic and diluted | $ (0.02) | $ (0.17) |
Weighted average common shares outstanding - basic and diluted | 31,237,827 | 190,013 |
STATEMENTS OF STOCKHOLDERS DEFI
STATEMENTS OF STOCKHOLDERS DEFICIT (UNAUDITED) - USD ($) | Total | Preferred A Stock [Member] | Preferred B Stock [Member] | Preferred C Stock [Member] | Common Stock | Stock Payable | Additional Paid-In Capital | Retained Earnings (Accumulated Deficit) |
Balance, shares at Apr. 30, 2021 | 190,193 | |||||||
Balance, amount at Apr. 30, 2021 | $ (264,888) | $ 0 | $ 0 | $ 0 | $ 190 | $ 0 | $ 75,810 | $ (340,888) |
Net loss | (31,731) | (31,731) | ||||||
Balance, shares at Jul. 31, 2021 | 190,193 | |||||||
Balance, amount at Jul. 31, 2021 | (296,619) | $ 0 | $ 0 | 0 | $ 190 | 0 | 75,810 | (372,619) |
Balance, shares at Apr. 30, 2022 | 3,000,000 | 5,689,696 | 23,690,013 | |||||
Balance, amount at Apr. 30, 2022 | (358,553) | $ 3,000 | $ 5,690 | 0 | $ 23,690 | 585,000 | 112,318,767 | (113,294,700) |
Net loss | (524,452) | (524,452) | ||||||
Shares issued for settlement of debt, shares | 3,900,000 | |||||||
Shares issued for settlement of debt, amount | 441,000 | 0 | $ 0 | 0 | $ 3,900 | (585,000) | 1,022,100 | 0 |
Conversion of preferred stock to common stock, shares | (1,820,000) | 9,100,000 | ||||||
Conversion of preferred stock to common stock, amount | 0 | $ 0 | $ (1,820) | 0 | $ 9,100 | 0 | (7,280) | 0 |
Balance, shares at Jul. 31, 2022 | 3,000,000 | 3,869,696 | 36,690,013 | |||||
Balance, amount at Jul. 31, 2022 | $ (442,005) | $ 3,000 | $ 3,870 | $ 0 | $ 36,690 | $ 0 | $ 113,333,587 | $ (113,819,152) |
STATEMENTS OF CASH FLOWS (UNAUD
STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) | 3 Months Ended | |
Jul. 31, 2022 | Jul. 31, 2021 | |
Cash Flows from Operating Activities | ||
Net loss | $ (524,452) | $ (31,731) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||
Loss on settlement of debt | 435,800 | 0 |
Amortization of debt discount | 3,569 | 0 |
Depreciation | 1,292 | 0 |
Changes in assets and liabilities | ||
Prepaid expense | 426 | 0 |
Accounts payable and accrued liabilities | 17,042 | 3,231 |
Net cash used in operating activities | (66,323) | (28,500) |
Cash Flows from Investing Activities | ||
Net cash from financing activities | 0 | 0 |
Cash Flows from Financing Activities | ||
Proceeds from notes payable | 46,200 | 28,500 |
Repayment of notes payable | (741) | 0 |
Proceeds from related party debt | 41,846 | 0 |
Repayment of related party debt | (36,576) | 0 |
Net cash from financing activities | 50,729 | 28,500 |
Net increase (decrease) in cash | (15,594) | 0 |
Cash, beginning of period | 26,535 | 0 |
Cash, end of period | 10,941 | 0 |
Supplemental disclosure of cash flow information | ||
Cash paid for interest | 0 | 0 |
Cash paid for taxes | 0 | 0 |
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
Shares issued in conversion of note payable | 5,200 | 0 |
Preferred stock converted into common stock | $ 1,820 | $ 0 |
Nature of Operations and Contin
Nature of Operations and Continuance of Business | 3 Months Ended |
Jul. 31, 2022 | |
Nature of Operations and Continuance of Business | |
Nature of Operations and Continuance of Business | 1. Nature of Operations and Continuance of Business CGS International, Inc. (formerly Tactical Services Inc.) was incorporated in the State of Nevada as a for-profit Company on April 17, 2012. On June 1, 2021, our Board of Directors approved a reverse stock split of our issued and authorized shares of common stock on the basis of 400 old shares for one (1) new share. When completed, our issued and outstanding capital decreased from 76,000,000 shares of common stock to 190,000 shares of common stock. The $0.001 par value of our common shares remained unchanged. Also on June 1, 2021, our board of directors approved changing our corporate name from Tactical Services, Inc. to CGS International, Inc. On June 7, 2021, we filed a Certificate of Change Pursuant to NRS 78.209 reflecting the reverse stock split and, as part of the Certificate for Reinstatement, we filed an Application for Reinstatement or Revival form changing our name to CGS International, Inc., thereby effectively amending our Articles of Incorporation. On September 29, 2021, CGS International, Inc. (the “Company”), entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Ramon Mabanta, an individual (d.b.a. World Agri Minerals) (“WAM”), pursuant to which Company would eventually acquire all the assets of WAM. WAM operates as a sole-proprietorship whose operations focus on pursuing the formulation, manufacturing, sales, marketing distribution of its premiere commercial agriproduct GENESIS 89™ and GENESIS 89™ Gold, which is a unique formulation and packaging of a commercial agriproduct using a natural processes whereby minerals are extracted from deep-ocean deposits and combined with additional organic ingredients resulting in the GENESIS 89™ and GENESIS 89™ Gold being: (i) properly balanced, readily bioavailable, formulas that are shipped as concentrate to commercial growers; (ii) ready-to-use products for the both the amateur and commercial retail market; and, (iii) Genesis 89™ Gold is being blended specifically for use and deployment in the cannabis industry. GENESIS 89™ and GENESIS 89™ Gold provide assurance and insurance to the end-user that crops do not require conventional pesticides, producing an eco-friendlier organic product for the consumer. The aggregate purchase price for the assets of WAM is 30,000,000 restricted shares (the “Shares”) of the Company’s common stock (the “Purchase Price”) which shall be paid upon Closing of the Purchase Agreement. Each of Company and WAM have made customary representations, warranties, covenants, and indemnities in connection with the Acquisition. The closing of the Purchase Agreement shall occur once WAM provides the Company a bill of sale and assignment agreement relating to the sale and transfer of 100% of the assets contemplated by the Purchase Agreement and the Company provides WAM the Purchase Price (the “Closing”). |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Jul. 31, 2022 | |
Summary of Significant Accounting Policies | |
Summary of Significant Accounting Policies | 2. Summary of Significant Accounting Policies a) Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting. Certain information and note disclosures normally included in the consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in the consolidated financial statements for the three months ended July 31, 2022 should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Form 10-K for the Company’s fiscal year ended April 30, 2022, as filed with the SEC. The accompanying unaudited consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the year ending April 30, 2023. b) Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States 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. The Company regularly evaluates estimates and assumptions related to the recoverability of mineral properties, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience, and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. c) Cash and Cash Equivalents The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. There were $10,941 and $26,535 in cash and no cash equivalents as of July 31, 2022 and April 30, 2022, respectively. d) Basic and Diluted Net Loss per Share The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share e) Income Taxes Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740, Accounting for Income Taxes, Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740, Accounting for Income Taxes, f) Financial Instruments Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.The Company’s financial instruments consist principally of cash, accounts payable and accrued liabilities, and amounts due to related parties. Pursuant to ASC 820 and 825, the fair value of our cash and cash equivalents is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. g) Recent Accounting Pronouncements In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which requires contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with ASC 606, Revenue from Contracts with Customers, as if it had originated the contracts. Under the current business combinations guidance, such assets and liabilities are recognized by the acquirer at fair value on the acquisition date. This new guidance is effective for the Company for its fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is evaluating its potential impact but does not expect the new standard to have a material impact on the Company's results of operations or cash flows. In August 2020, the FASB issued ASU 2020-06, “Debt - Debt with Conversion and Other Options (subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (subtopic 815-40),” which reduces the number of accounting models in ASC 470-20 that require separate accounting for embedded conversion features. As a result, a convertible debt instrument will be accounted for as a single liability measured at its amortized cost as long as no other features require bifurcation and recognition as derivatives. By removing those separation models, the effective interest rate of convertible debt instruments will be closer to the coupon interest rate. Further, the diluted net income per share calculation for convertible instruments will require the Company to use the if-converted method. The treasury stock method should no longer be used to calculate diluted net income per share for convertible instruments. The amendment will be effective for the Company for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. We expect the adoption of ASU 2020-06 to not have a material impact on the Company’s financial statements or disclosures. |
Going Concern
Going Concern | 3 Months Ended |
Jul. 31, 2022 | |
Going Concern | |
Going Concern | 3. Going Concern These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has a working capital deficit of $505,432 and has an accumulated deficit of $113,819,152. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability to raise equity or debt financing, and the attainment of profitable operations from the Company's future business. These factors raise substantial doubt regarding the Company’s 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. Management is currently looking at various options and investment opportunities. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available on acceptable terms, the Company may not be able to take advantage of prospective business endeavours or opportunities which could significantly and materially restrict the Company’s operations. 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. |
Deposit on asset purchase
Deposit on asset purchase | 3 Months Ended |
Jul. 31, 2022 | |
Deposit on asset purchase | |
Deposit on asset purchase | 4. Deposit on asset purchase On February 24 th |
Due to Related Party
Due to Related Party | 3 Months Ended |
Jul. 31, 2022 | |
Due to Related Party | |
Due to Related Party | 5. Due to Related Party As of July 31, 2022 and April 30, 2022, the Company has $85,530 and $78,260 in advances and payment of expenses due to related parties, respectively. The amounts due are unsecured, non-interest bearing, and due on demand. |
Notes Payable
Notes Payable | 3 Months Ended |
Jul. 31, 2022 | |
Notes Payable | |
Notes Payable | 6. Notes Payable Notes payable consist of the following at: July 31, 2022 April 30, 2022 Note payable, unsecured, 10% interest, due on demand $ 30,000 $ 30,000 Note payable, unsecured, 10% interest, due on demand 500 500 Note payable, unsecured, 10% interest, due on demand 2,260 2,260 Note payable, unsecured, 10% interest, due on demand 7,500 7,500 Note payable, unsecured, 10% interest, due on demand 15,000 15,000 Note payable, unsecured, 10% interest, due on demand 16,000 16,000 Note payable, unsecured, 10% interest, due on demand 7,500 7,500 Note payable, unsecured, 10% interest, due on demand 4,500 4,500 Note payable, unsecured, 10% interest, due on demand 9,000 9,000 Note payable, unsecured, 10% interest, due on demand 4,000 4,000 Note payable, unsecured, 10% interest, due on demand 6,000 6,000 Note payable, unsecured, 10% interest, due on demand 5,000 5,000 Note payable, unsecured, 10% interest, due on demand 24,420 24,420 Note payable, unsecured, 10% interest, due on demand 20,600 20,600 Note payable, unsecured, 10% interest, due on demand 53,284 53,284 Note payable, unsecured, 10% interest, due on demand 60,000 60,000 Note payable, unsecured, 9% interest, due January 25, 2026 11,067 11,808 Note payable, unsecured, 10% interest, due on demand 25,000 25,000 Note payable, unsecured, 10% interest, due on demand 21,000 21,000 Note payable, unsecured, 10% interest, due on demand 9,000 9,000 Note payable, unsecured, 10% interest, due on demand 30,000 - Note payable, unsecured, 10% interest, due on demand 16,200 - Total notes Payable $ 377,381 $ 332,372 On February 8, 2019, the Company issued a $30,000 note payable to a non related party. The note is unsecured bears interest at 10% per annum, and is due on demand. Interest expense on the note was $756 and $756 for the three months ended July 31, 2022 and 2021, respectively. On July 14, 2020, the Company issued a $500 note payable to a non related party. The note is unsecured bears interest at 10% per annum, and is due on demand. Interest expense on the note was $13 and $13 for the three months ended July 31, 2022 and 2021, respectively. On November 4, 2020, the Company received $15,000 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured, the note is interest bearing. Interest rate is 10% and due on demand. Interest expense on the note was $378 and $378 for the three months ended July 31, 2022 and 2021, respectively. On November 10, 2020, the Company received $2,250 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured, the note is interest bearing. Interest rate is 10% and due on demand. Interest expense on the note was $57 and $56 for the three months ended July 31, 2022 and 2021, respectively. On November 17, 2020, the Company received $7,500 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured, the note is interest bearing. Interest rate is 10% and due on demand. Interest expense on the note was $189 and $189 for the three months ended July 31, 2022 and 2021, respectively. On February 15, 2021, the Company received $16,000 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured, the note is interest bearing. Interest rate is 10% and due on demand. Interest expense on the note was $403 and $403 for the three months ended July 31, 2022 and 2021, respectively. On February 15, 2021, the Company received $7,500 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured, the note is interest bearing. Interest rate is 10% and due on demand. Interest expense on the note was $189 and $892 for the three months ended July 31, 2022 and 2021, respectively. On June 2, 2021, the Company received $4,500 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured carries and interest rate of 10% and is due within 10 days of demand. Interest expense on the note was $113 and $73 for the three months ended July 31, 2022 and 2021, respectively. On June 3, 2021, the Company received $9,000 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured carries and interest rate of 10% and is due within 10 days of demand. Interest expense on the note was $227 and $143 for the three months ended July 31, 2022 and 2021, respectively. On July 8, 2021, the Company received $4,000 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured carries and interest rate of 10% and is due within 10 days of demand. Interest expense on the note was $101 and $25 for the three months ended January 31, 2022 and 2021, respectively. On July 9, 2021, the Company received $6,000 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured carries and interest rate of 10% and is due within 10 days of demand. Interest expense on the note was $151 and $36 for the three months ended July 31, 2022 and 2021, respectively. On July 21, 2021, the Company received $5,000 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured carries and interest rate of 10% and is due within 10 days of demand. Interest expense on the note was $126 and $14 for the three months ended July 31, 2022 and 2021, respectively. On October 31, 2021, the Company received $24,420 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured carries and interest rate of 10% and is due within 10 days of demand. Interest expense on the note was $615 and $0 for the three months ended July 31, 2022 and 2021, respectively. On December 31, 2021, the Company received $20,600 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured carries and interest rate of 10% and is due within 10 days of demand. The note payable balance as of July 31, 2022 is $20,600. Interest expense on the note was $519 and $0 for the three months ended July 31, 2022 and 2021, respectively. On January 31, 2022, the Company received $53,284 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured carries and interest rate of 10% and is due within 10 days of demand. The note payable balance as of July 31, 2022 is $53,284. Interest expense on the note was $1,343 and $0 for the three months ended July 31, 2022 and 2021, respectively. On February 16, 2022, the Company received $60,000 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured carries and interest rate of 10% and is due within 10 days of demand. The note payable balance as of July 31, 2022 is $60,000. Interest expense on the note was $1,512 and $0 for the three months ended July 31, 2022 and 2021, respectively. On February 19, 2022, the Company entered into an agreement to purchase a 2108 Mitsubishi Montero Sport Wagon for $25,692. The Company paid $12,846 as a down payment and financed the additional $12,846 with a note payable. The amount owing is secured by the vehicle, carries an interest rate of 9%, and is due January 25, 2026. The Company made payments of $741 during the three months ended July 31, 2022, and the note payable balance was $11,067. Interest expense on the note was $430 and $0 for the years ended July 31, 2022 and 2021, respectively. On March 31, 2022, the Company received $25,000 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured carries and interest rate of 10% and is due within 10 days of demand. Interest expense on the note was $631 and $0 for the years ended July 31, 2022 and 2021, respectively. On April 08, 2022, the Company received $21,000 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured carries and interest rate of 10% and is due within 10 days of demand. Interest expense on the note was $529 and $0 for the three months ended July 31, 2022 and 2021, respectively. On April 11, 2022, the Company received $9,000 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured carries and interest rate of 10% and is due within 10 days of demand. Interest expense on the note was $227 and $0 for the three months ended July 31, 2022 and 2021, respectively. On May 11, 2022, the Company received $30,000 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured carries and interest rate of 10% and is due within 10 days of demand. Interest expense on the note was $666 and $0 for the three months ended July 31, 2022 and 2021, respectively. On April 11, 2022, the Company received $16,200 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured carries and interest rate of 10% and is due within 10 days of demand. Interest expense on the note was $133 and $0 for the three months ended July 31, 2022 and 2021, respectively. |
Convertible Notes Payable
Convertible Notes Payable | 3 Months Ended |
Jul. 31, 2022 | |
Convertible Notes Payable | |
Convertible Notes Payable | 6. Convertible Notes Payable Convertible Notes payable consist of the following at: July 31, 2022 April 30, 2022 Convertible note payable, unsecured, 10% interest, due September 13, 2022, net $ - $ 2,800 Convertible note payable, unsecured, 10% interest, due September 13, 2022, net - 2,400 Total convertible notes - 5,200 Unamortized discount - (3,569 ) Convertible notes payable, net $ - $ 1,631 On August 24, 2021 the holder of $101,697 of the Company’s related party debt assigned the debt to an unrelated party, who then on September 13, 2021 assigned the debt to six note holders. The debt was then modified to include the term in the notes below On September 13, 2021, the Company issued a $10,000 10% unsecured convertible note. The note is due on September 13, 2023 and is convertible into shares of the company’s common stock at a price of $0.002 per share. The Company has determined the value associated with the beneficial conversion feature in connection with the notes to be $10,000. On September 14, 2021 $2,800 of the note principal was converted into 1,400,000 shares of the Company’s common stock, valued at $1,428,000, and recorded a loss on settlement of debt of $1,425,200. On October 5, 2021 $4,400 of the note principal was converted into 2,200,000 shares of the Company’s common stock, valued at $7,656,000, and recorded a loss on settlement of debt of $7,651,600. On June 1, 2022 $2,800 of the note principal was converted into 1,400,000 shares of the Company’s common stock, valued at $189,000, and recorded a loss on settlement of debt of $186,200. The convertible note payable balance as of July 31, 2022 is $0. On September 13, 2021, the Company issued a $10,000 10% unsecured convertible note. The note is due on September 13, 2023 and is convertible into shares of the company’s common stock at a price of $0.002 per share. The Company has determined the value associated with the beneficial conversion feature in connection with the notes to be $10,000. On September 22, 2021 $3,200 of the note principal was converted into 1,600,000 shares of the Company’s common stock valued at $1,632,000 and recorded a loss on settlement of debt of $1,628,800. On October 5, 2021 $4,400 of the note principal was converted into 2,200,000 shares of the Company’s common stock valued at 7,656,000 and recorded a loss on settlement of debt of $7,651,600. On May 5, 2022 $2,400 of the note principal was converted into 1,200,000 shares of the Company’s common stock valued at 252,000, and recorded a loss on settlement of debt of $249,600. The convertible note payable balance as of July 31, 2022 is $0. |
Stockholders Equity
Stockholders Equity | 3 Months Ended |
Jul. 31, 2022 | |
Stockholders Equity | |
Stockholders' Equity | 7. STOCKHOLDERS’ EQUITY The Company is authorized to issue 300,000,000 common shares and 76,000,000 preferred shares of stock, respectively. On September 13, 2021, the Company designated a class of preferred stock, the “Series A Preferred Stock,” consisting of ten million 10,000,000 shares, par value $0.001. Under the Certificate of Designation, holders of the Series A Preferred Stock are entitled to vote together with the holders of the Company’s common stock on all matters submitted to shareholders at a rate of one hundred (100) votes for each share held. The holders are entitled to liquidation preference senior to common stock On September 13, 2021, the Company designated a class of preferred stock, the “Series B Preferred Stock,” consisting of ten million 10,000,000 shares, par value $0.001. Under the Certificate of Designation, holders of the Series B Preferred Stock are entitled at their option to convert their preferred shares into common stock at a conversion rate of five (5) shares of common stock for every one (1) share of Series B Preferred Stock. The holders of Series B Preferred stock are not entitled to voting rights. The holders are entitled to equal rights with our Preferred Series A stockholders as it relates to liquidation preference. On September 13, 2021, the Company designated a class of preferred stock, the “Series C Preferred Stock,” consisting of ten million 10,000,000 shares, par value $0.001. Under the Certificate of Designation, holders of the Series B Preferred Stock are entitled at their option to convert their preferred shares into common stock at a conversion rate of five (5) shares of common stock for every one (1) share of Series B Preferred Stock. The holders of Series B Preferred stock are not entitled to voting rights. The holders are entitled to equal rights with our Preferred Series A stockholders as it relates to liquidation preference. As of July 31, 2022, and April 30, 2022 the Company had 36,690,013 and 23,690,000 shares of common shares issued and outstanding, respectively. As of July 31, 2022, and April 30, 2022 the Company had 3,000,000 and 3,000,000 shares of Series A Preferred Stock issued and outstanding, respectively. As of July 31, 2022, and April 30, 2022 the Company had 3,869,696 and 5,689,696 shares of Series B Preferred Stock issued and outstanding, respectively. As of July 31, 2022, and April 30, 2022 the Company had 0 and 0 shares of Series C Preferred Stock issued and outstanding, respectively. On May 5, 2022 the Company issued 1,300,000 shares of common stock valued at $585,000 for debt settled in a prior period. On May 5, 2022, a convertible note holder converted $2,400 in principal into 1,200,000 shares of common stock at a conversion price of $0.002 per share. The shares were valued at $252,000, and a loss on settlement of debt of $249,600 was recorded. On June 1, 2022, a convertible note holder converted $2,800 in principal into 1,400,000 shares of common stock at a conversion price of $0.002 per share. The shares were valued at $189,000, and a loss on settlement of debt of $186,200 was recorded. On May 16, 2022 a Preferred Series B stockholder converted 400,000 shares of Preferred Series B Stock into 2,000,000 shares of the Company’s common stock. On June 30, 2022 a Preferred Series B stockholder converted 420,000 shares of Preferred Series B Stock into 2,100,000 shares of the Company’s common stock. On June 30, 2022 a Preferred Series B stockholder converted 480,000 shares of Preferred Series B Stock into 2,400,000 shares of the Company’s common stock. On June 30, 2022 a Preferred Series B stockholder converted 520,000 shares of Preferred Series B Stock into 2,600,000 shares of the Company’s common stock. |
Subsequent Events
Subsequent Events | 3 Months Ended |
Jul. 31, 2022 | |
Subsequent Events | |
Subsequent Events | 8. Subsequent Events In accordance with ASC Topic 855-10, the Company has analyzed its operations subsequent to July 31, 2022 to the date these financial statements were available to be issued and has determined that it does not have any material subsequent events to disclose in these financial statements. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Jul. 31, 2022 | |
Summary of Significant Accounting Policies | |
Basis of Presentation | The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting. Certain information and note disclosures normally included in the consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in the consolidated financial statements for the three months ended July 31, 2022 should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Form 10-K for the Company’s fiscal year ended April 30, 2022, as filed with the SEC. The accompanying unaudited consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the year ending April 30, 2023. |
Use of Estimates | The preparation of financial statements in conformity with generally accepted accounting principles in the United States 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. The Company regularly evaluates estimates and assumptions related to the recoverability of mineral properties, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience, and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. |
Cash and Cash Equivalents | The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. There were $10,941 and $26,535 in cash and no cash equivalents as of July 31, 2022 and April 30, 2022, respectively. |
Basic and Diluted Net Loss per Share | The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share |
Income Taxes | Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740, Accounting for Income Taxes, Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740, Accounting for Income Taxes, |
Financial Instruments | Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.The Company’s financial instruments consist principally of cash, accounts payable and accrued liabilities, and amounts due to related parties. Pursuant to ASC 820 and 825, the fair value of our cash and cash equivalents is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. |
Recent Accounting Pronouncements | In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which requires contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with ASC 606, Revenue from Contracts with Customers, as if it had originated the contracts. Under the current business combinations guidance, such assets and liabilities are recognized by the acquirer at fair value on the acquisition date. This new guidance is effective for the Company for its fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is evaluating its potential impact but does not expect the new standard to have a material impact on the Company's results of operations or cash flows. In August 2020, the FASB issued ASU 2020-06, “Debt - Debt with Conversion and Other Options (subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (subtopic 815-40),” which reduces the number of accounting models in ASC 470-20 that require separate accounting for embedded conversion features. As a result, a convertible debt instrument will be accounted for as a single liability measured at its amortized cost as long as no other features require bifurcation and recognition as derivatives. By removing those separation models, the effective interest rate of convertible debt instruments will be closer to the coupon interest rate. Further, the diluted net income per share calculation for convertible instruments will require the Company to use the if-converted method. The treasury stock method should no longer be used to calculate diluted net income per share for convertible instruments. The amendment will be effective for the Company for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. We expect the adoption of ASU 2020-06 to not have a material impact on the Company’s financial statements or disclosures. |
Notes Payable (Tables)
Notes Payable (Tables) | 3 Months Ended |
Jul. 31, 2022 | |
Notes Payable (Tables) | |
Summary of notes payable | July 31, 2022 April 30, 2022 Note payable, unsecured, 10% interest, due on demand $ 30,000 $ 30,000 Note payable, unsecured, 10% interest, due on demand 500 500 Note payable, unsecured, 10% interest, due on demand 2,260 2,260 Note payable, unsecured, 10% interest, due on demand 7,500 7,500 Note payable, unsecured, 10% interest, due on demand 15,000 15,000 Note payable, unsecured, 10% interest, due on demand 16,000 16,000 Note payable, unsecured, 10% interest, due on demand 7,500 7,500 Note payable, unsecured, 10% interest, due on demand 4,500 4,500 Note payable, unsecured, 10% interest, due on demand 9,000 9,000 Note payable, unsecured, 10% interest, due on demand 4,000 4,000 Note payable, unsecured, 10% interest, due on demand 6,000 6,000 Note payable, unsecured, 10% interest, due on demand 5,000 5,000 Note payable, unsecured, 10% interest, due on demand 24,420 24,420 Note payable, unsecured, 10% interest, due on demand 20,600 20,600 Note payable, unsecured, 10% interest, due on demand 53,284 53,284 Note payable, unsecured, 10% interest, due on demand 60,000 60,000 Note payable, unsecured, 9% interest, due January 25, 2026 11,067 11,808 Note payable, unsecured, 10% interest, due on demand 25,000 25,000 Note payable, unsecured, 10% interest, due on demand 21,000 21,000 Note payable, unsecured, 10% interest, due on demand 9,000 9,000 Note payable, unsecured, 10% interest, due on demand 30,000 - Note payable, unsecured, 10% interest, due on demand 16,200 - Total notes Payable $ 377,381 $ 332,372 |
Convertible Notes Payable (Tabl
Convertible Notes Payable (Tables) | 3 Months Ended |
Jul. 31, 2022 | |
Convertible Notes Payable | |
Schedule of convertible notes payable | July 31, 2022 April 30, 2022 Convertible note payable, unsecured, 10% interest, due September 13, 2022, net $ - $ 2,800 Convertible note payable, unsecured, 10% interest, due September 13, 2022, net - 2,400 Total convertible notes - 5,200 Unamortized discount - (3,569 ) Convertible notes payable, net $ - $ 1,631 |
Nature of Operations and Cont_2
Nature of Operations and Continuance of Business (Details Narrative) - $ / shares | 1 Months Ended | 3 Months Ended | ||
Jun. 01, 2021 | Sep. 29, 2021 | Jul. 31, 2022 | Apr. 30, 2022 | |
Nature of Operations and Continuance of Business | ||||
Decrease in common stock due to split | 76,000,000 | 190,000 | ||
Common stock reverse stock split | 400 | |||
Common stock par value | $ 0.001 | $ 0.001 | ||
Purchase price of aquired asset | 30,000,000 | |||
Description of terms of purchase agreement | The closing of the Purchase Agreement shall occur once WAM provides the Company a bill of sale and assignment agreement relating to the sale and transfer of 100% of the assets contemplated by the Purchase Agreement and the Company provides WAM the Purchase Price (the “Closing”) |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Details Narrative) - USD ($) | Jul. 31, 2022 | Apr. 30, 2022 |
Summary of Significant Accounting Policies | ||
Cash | $ 10,941 | $ 26,535 |
Cash equivalents | $ 0 | $ 0 |
Going Concern (Details Narrativ
Going Concern (Details Narrative) | Jul. 31, 2022 USD ($) |
Going Concern | |
Working capital deficit | $ 505,432 |
Accumulated deficit | $ 113,819,152 |
Deposit on asset purchase (Deta
Deposit on asset purchase (Details Narrative) | 1 Months Ended | ||
Feb. 24, 2022 GBP (£) | Jul. 31, 2022 USD ($) | Apr. 30, 2022 USD ($) | |
Deposit on asset purchase (Details Narrative) | |||
Payment for purchase of assets | £ | £ 60,000 | ||
Deposit on asset purchase | $ | $ 40,038 | $ 40,038 |
Due to Related Party (Details N
Due to Related Party (Details Narrative) - USD ($) | Jul. 31, 2022 | Jul. 31, 2021 |
Due to Related Party | ||
Due to related parties | $ 85,530 | $ 78,260 |
Notes Payable (Details)
Notes Payable (Details) - USD ($) | Jul. 31, 2022 | Apr. 30, 2022 |
Notes Payable | $ 377,381 | $ 332,372 |
Notes Payable #1 | ||
Notes Payable | 30,000 | 30,000 |
Notes Payable #2 | ||
Notes Payable | 500 | 500 |
Notes Payable #3 | ||
Notes Payable | 2,260 | 2,260 |
Notes Payable #4 | ||
Notes Payable | 7,500 | 7,500 |
Notes Payable #5 | ||
Notes Payable | 15,000 | 15,000 |
Notes Payable #6 | ||
Notes Payable | 16,000 | 16,000 |
Notes Payable #7 | ||
Notes Payable | 7,500 | 7,500 |
Notes Payable #8 | ||
Notes Payable | 4,500 | 4,500 |
Notes Payable #9 | ||
Notes Payable | 9,000 | 9,000 |
Notes Payable #10 | ||
Notes Payable | 4,000 | 4,000 |
Notes Payable #11 | ||
Notes Payable | 6,000 | 6,000 |
Notes Payable #12 | ||
Notes Payable | 5,000 | 5,000 |
Notes Payable #13 | ||
Notes Payable | 24,420 | 24,420 |
Notes Payable # 14 | ||
Notes Payable | 20,600 | 20,600 |
Notes Payable #15 | ||
Notes Payable | 53,284 | 53,284 |
Notes Payable #16 | ||
Notes Payable | 60,000 | 60,000 |
Notes Payable #17 | ||
Notes Payable | 11,067 | 11,808 |
Notes Payable #18 | ||
Notes Payable | 25,000 | 25,000 |
Notes Payable #19 | ||
Notes Payable | 21,000 | 21,000 |
Notes Payable #20 | ||
Notes Payable | 9,000 | 9,000 |
Notes Payable #21 | ||
Notes Payable | 30,000 | 0 |
Note Payable #22 | ||
Notes Payable | $ 16,200 | $ 0 |
Notes Payable (Details Narrativ
Notes Payable (Details Narrative) - USD ($) | 3 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Apr. 30, 2022 | |
Debt Instrument, Interest Rate, Stated Percentage | 9% | ||
Debt Instrument, Payment Terms | due January 25, 2026 | ||
Down payment | $ 12,846 | ||
Payments | $ 741 | ||
Debt Instrument, Issuance Date | Feb. 19, 2022 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Debt Instrument, Face Amount | $ 11,067 | ||
Notes payable | 377,831 | $ 332,372 | |
Interest Expense | 12,878 | $ 2,276 | |
Notes payable | 377,381 | 332,372 | |
Mitsubishi Montero Sport Wagon | |||
Notes payable | 25,692 | ||
Interest Expense | $ 430 | 0 | |
Notes Payable #20 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due within 10 days of demand | ||
Debt Instrument, Issuance Date | May 11, 2022 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Debt Instrument, Face Amount | $ 30,000 | ||
Notes payable | 9,000 | 9,000 | |
Interest Expense | $ 666 | 0 | |
Notes Payable #21 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due within 10 days of demand | ||
Debt Instrument, Issuance Date | Apr. 11, 2022 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Debt Instrument, Face Amount | $ 16,200 | ||
Notes payable | 30,000 | $ 0 | |
Interest Expense | 133 | 0 | |
Note Payable | |||
Notes payable | $ 12,846 | ||
Note Payable #6 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due on demand | ||
Debt Instrument, Issuance Date | Feb. 15, 2021 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unrelated party | ||
Notes payable | $ 16,000 | ||
Interest Expense | $ 403 | 403 | |
Note Payable #5 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due on demand | ||
Debt Instrument, Issuance Date | Nov. 17, 2020 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Notes payable | $ 7,500 | ||
Interest Expense | $ 189 | 189 | |
Note Payable #1 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due on demand | ||
Debt Instrument, Issuance Date | Feb. 08, 2019 | ||
Debt Instrument, Issuer | Company | ||
Deb Instrument, Collateral | unsecured | ||
Notes payable | $ 30,000 | ||
Interest Expense | $ 756 | 756 | |
Note Payable #2 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due on demand | ||
Debt Instrument, Issuance Date | Jul. 14, 2020 | ||
Debt Instrument, Issuer | Company | ||
Deb Instrument, Collateral | unsecured | ||
Notes payable | $ 500 | ||
Interest Expense | $ 13 | 13 | |
Note Payable #3 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due on demand | ||
Debt Instrument, Issuance Date | Nov. 04, 2020 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Notes payable | $ 15,000 | ||
Interest Expense | $ 378 | 378 | |
Note Payable #4 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due on demand | ||
Debt Instrument, Issuance Date | Nov. 10, 2020 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Notes payable | $ 2,250 | ||
Interest Expense | $ 57 | 56 | |
Note Payable #8 [Member] | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due within 10 days of demand | ||
Debt Instrument, Issuance Date | Jun. 02, 2021 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Notes payable | $ 4,500 | ||
Interest Expense | $ 113 | 73 | |
Note Payable #9 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due within 10 days of demand | ||
Debt Instrument, Issuance Date | Jun. 03, 2021 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Notes payable | $ 9,000 | ||
Interest Expense | $ 227 | 143 | |
Note Payable #10 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due within 10 days of demand | ||
Debt Instrument, Issuance Date | Jul. 08, 2021 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Notes payable | $ 4,000 | ||
Interest Expense | $ 101 | 25 | |
Note Payable #11 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due within 10 days of demand | ||
Debt Instrument, Issuance Date | Jul. 09, 2021 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Notes payable | $ 6,000 | ||
Interest Expense | $ 151 | 36 | |
Note Payable #12 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due within 10 days of demand | ||
Debt Instrument, Issuance Date | Jul. 21, 2021 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Notes payable | $ 5,000 | ||
Interest Expense | $ 126 | 14 | |
Note Payable #13 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due within 10 days of demand | ||
Debt Instrument, Issuance Date | Oct. 31, 2021 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Notes payable | $ 24,420 | ||
Interest Expense | $ 615 | 0 | |
Note Payable #14 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due within 10 days of demand | ||
Debt Instrument, Issuance Date | Dec. 31, 2021 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Debt Instrument, Face Amount | $ 20,600 | ||
Notes payable | 20,600 | ||
Interest Expense | $ 519 | 0 | |
Note Payable #15 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due within 10 days of demand | ||
Debt Instrument, Issuance Date | Jan. 31, 2022 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Debt Instrument, Face Amount | $ 53,284 | ||
Notes payable | 53,284 | ||
Interest Expense | $ 1,343 | 0 | |
Note Payable #16 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due within 10 days of demand | ||
Debt Instrument, Issuance Date | Feb. 16, 2022 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Debt Instrument, Face Amount | $ 60,000 | ||
Notes payable | 60,000 | ||
Interest Expense | $ 1,512 | 0 | |
Note Payable #17 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due within 10 days of demand | ||
Debt Instrument, Issuance Date | Mar. 31, 2022 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Debt Instrument, Face Amount | $ 25,000 | ||
Interest Expense | $ 631 | 0 | |
Note Payable #18 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due within 10 days of demand | ||
Debt Instrument, Issuance Date | Apr. 08, 2022 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Debt Instrument, Face Amount | $ 21,000 | ||
Interest Expense | $ 529 | 0 | |
Note Payable #19 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due within 10 days of demand | ||
Debt Instrument, Issuance Date | Apr. 11, 2022 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unsecured | ||
Debt Instrument, Face Amount | $ 9,000 | ||
Interest Expense | $ 227 | 0 | |
Note Payable #7 | |||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Debt Instrument, Payment Terms | due on demand | ||
Debt Instrument, Issuance Date | Feb. 15, 2021 | ||
Debt Instrument, Issuer | Company | ||
Debt Instrument, Description | loan for payment of expenses | ||
Deb Instrument, Collateral | unrelated party | ||
Notes payable | $ 7,500 | ||
Interest Expense | $ 189 | $ 892 |
Convertible Notes Payable (Deta
Convertible Notes Payable (Details) - USD ($) | Jul. 31, 2022 | Jun. 01, 2022 | Apr. 30, 2022 |
Total convertible notes | $ 0 | $ 5,200 | |
Unamortized discount | 0 | (3,569) | |
Convertible notes payable, net | 0 | 1,631 | |
Convertible Notes Payable #1 [Member] | |||
Total convertible notes | 0 | $ 2,800 | 2,800 |
Convertible Notes Payable #2 [Member] | |||
Total convertible notes | $ 0 | $ 2,400 |
Convertible Notes Payable (De_2
Convertible Notes Payable (Details Narrative) - USD ($) | 1 Months Ended | ||||||||||
May 05, 2022 | Oct. 05, 2021 | Sep. 14, 2021 | Sep. 13, 2021 | Sep. 13, 2021 | Jun. 01, 2022 | Oct. 05, 2021 | Sep. 22, 2021 | Jul. 31, 2022 | Apr. 30, 2022 | Aug. 24, 2021 | |
Convertible notes payable, principal amount | $ 0 | $ 5,200 | |||||||||
Related party debt amount | $ 101,697 | ||||||||||
Common stock, price per share | $ 0.001 | $ 0.001 | |||||||||
Convertible Notes Payable #1 [Member] | |||||||||||
Convertible notes payable, principal amount | $ 2,800 | $ 0 | $ 2,800 | ||||||||
Convertible Notes Payable #2 [Member] | |||||||||||
Convertible notes payable, principal amount | 0 | $ 2,400 | |||||||||
Convertible Note Payable #1 [Member] | |||||||||||
Convertible notes payable, principal amount | $ 4,400 | $ 2,800 | $ 10,000 | $ 10,000 | $ 4,400 | ||||||
Common stock, price per share | $ 0.002 | $ 0.002 | |||||||||
loss on settlement of debt | $ 1,425,200 | 186,200 | $ 7,651,600 | ||||||||
Common stock conversion of converted, amount | 7,656,000 | $ 1,428,000 | $ 189,000 | ||||||||
Common stock conversion of converted, shares | 1,400,000 | 1,400,000 | 2,200,000 | ||||||||
Notes payable unrelated party | $ 10,000 | $ 10,000 | |||||||||
Unsecured convertible promissory notes, interest rate | 10% | 10% | |||||||||
Debt instrument convertible beneficial conversion feature | $ 10,000 | ||||||||||
Note due date | Sep. 13, 2023 | ||||||||||
Convertible Note Payable #2 [Member] | |||||||||||
Convertible notes payable, principal amount | $ 2,400 | $ 4,400 | $ 10,000 | $ 10,000 | $ 4,400 | $ 3,200 | |||||
Common stock, price per share | $ 0.002 | $ 0.002 | |||||||||
loss on settlement of debt | $ 249,600 | $ 1,628,800 | 7,651,600 | 7,651,600 | |||||||
Common stock conversion of converted, amount | $ 7,656,000 | $ 1,632,000 | |||||||||
Common stock conversion of converted, shares | 1,200,000 | 2,200,000 | 1,600,000 | ||||||||
Notes payable unrelated party | $ 10,000 | $ 10,000 | |||||||||
Unsecured convertible promissory notes, interest rate | 10% | 10% | |||||||||
Debt instrument convertible beneficial conversion feature | $ 10,000 | ||||||||||
Note due date | Sep. 13, 2023 | ||||||||||
Debt conversion, converted instrument, shares issued | 252,000 | ||||||||||
Convertible Notes Payable #3 [Member] | |||||||||||
Convertible notes payable, principal amount | $ 0 |
Stockholders Equity (Details Na
Stockholders Equity (Details Narrative) - USD ($) | 1 Months Ended | |||||||||
Jun. 02, 2022 | May 05, 2022 | Mar. 08, 2022 | Sep. 13, 2021 | Jun. 30, 2022 | May 16, 2022 | Mar. 30, 2022 | Sep. 22, 2021 | Jul. 31, 2022 | Apr. 30, 2022 | |
Common Stock, Shares Authorized | 300,000,000 | 300,000,000 | ||||||||
Preferred stock, shares authorized | 76,000,000 | |||||||||
Common Stock, Shares, Issued | 36,690,013 | 23,690,000 | ||||||||
Common Stock, Shares, Outstanding | 36,690,013 | 23,690,000 | ||||||||
Common stock issued during period issued for services, shares | 5,000,000 | |||||||||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | ||||||||
Preferred stock shares authorized | 46,000,000 | 46,000,000 | ||||||||
Preferred stock shares outstanding | 0 | 0 | ||||||||
Preferred stock shares issued | 0 | 0 | ||||||||
Convertible Debt [Member] | ||||||||||
Debt conversion, amount converted, principal | $ 2,800 | $ 2,400 | $ 3,000 | |||||||
Debt conversion, conversion price | $ 0.002 | $ 0.002 | ||||||||
Loss on settlement of debt | $ 186,200 | $ 1,425,200 | $ 1,527,000 | |||||||
Debt conversion, converted instrument, shares issued | 1,400,000 | 252,000 | 1,600,000 | |||||||
Debt conversion, converted instrument, value issued | $ 585,000 | $ 1,428,000 | $ 1,530,000 | |||||||
Debt conversion, converted instrument, value issued, share price | $ 1.02 | $ 1.02 | ||||||||
Conversion 1 [Member] | Convertible Debt [Member] | ||||||||||
Common stock issued | $ 1,300,000 | |||||||||
Loss on settlement of debt | 186,200 | 585,000 | ||||||||
Debt conversion, amount converted, principal | $ 2,800 | $ 2,400 | ||||||||
Debt conversion, converted instrument, preferred B shares issued | 1,400,000 | 1,200,000 | ||||||||
Debt conversion, converted instrument, preferred B value issued | $ 189,000 | $ 249,600 | ||||||||
Debt conversion, conversion price | $ 0.002 | $ 0.002 | ||||||||
Series C Preferred Shares [Member] | ||||||||||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | $ 0.001 | |||||||
Preferred stock shares authorized | 10,000,000 | 10,000,000 | ||||||||
Preferred stock shares outstanding | 0 | 0 | ||||||||
Preferred stock shares issued | 0 | 0 | ||||||||
Number of shares issuable upon conversion of each share | 5 | |||||||||
Series A Preferred Shares [Member] | ||||||||||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | ||||||||
Preferred stock shares authorized | 10,000,000 | 10,000,000 | ||||||||
Preferred stock shares outstanding | 3,000,000 | 3,000,000 | ||||||||
Preferred stock shares issued | 3,000,000 | 3,000,000 | ||||||||
Number of votes in each share | 100 | |||||||||
Series B Preferred Shares [Member] | ||||||||||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | ||||||||
Preferred stock shares authorized | 10,000,000 | 10,000,000 | ||||||||
Preferred stock shares outstanding | 3,869,696 | 5,689,696 | ||||||||
Preferred stock shares issued | 3,869,696 | 5,689,696 | ||||||||
Number of shares issuable upon conversion of each share | 5 | |||||||||
Series B Preferred Shares [Member] | Conversion 1 [Member] | ||||||||||
Preferred stock shares converted | 400,000 | |||||||||
Common stock shares issued upon conversion of preferred stock | 2,000,000 | |||||||||
Series B Preferred Shares [Member] | Conversion 2 [Member] | ||||||||||
Common stock shares issued upon conversion of preferred stock | 2,100,000 | |||||||||
Preferred stock shares converted | 420,000 | |||||||||
Series B Preferred Shares [Member] | Conversion 3 [Member] | ||||||||||
Common stock shares issued upon conversion of preferred stock | 2,400,000 | |||||||||
Preferred stock shares converted | 480,000 | |||||||||
Series B Preferred Shares [Member] | Conversion 4 [Member] | ||||||||||
Common stock shares issued upon conversion of preferred stock | 2,600,000 | 1,700,000 | ||||||||
Preferred stock shares converted | 520,000 | 340,000 |