| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
| Feb. 28, 2019 |
| Summary Of Significant Accounting Policies Policies | |
| Basis of Presentation | The
financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United
States of America and are presented in US dollars. The Company’s year-end is August 31. |
| Cash and Cash Equivalents | The
Company considers all highly liquid investments with original maturity of three months or less to be cash equivalents. |
| Use of Estimates and Assumptions | The
preparation of financial statements in conformity with generally accepted accounting principles requires that management makes
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 period. Actual results could
differ from those estimates. |
| Revenue Recognition | The
Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes
revenue when it is realized or realizable and earned less estimated future doubtful accounts. The Company considers revenue realized
or realizable and earned when all of the following criteria are met:
(i) persuasive evidence
of an arrangement exists,
(ii) the services have
been rendered and all required milestones achieved,
(iii) the sales price
is fixed or determinable, and
(iv) collectability is
reasonably assured. On
January 1, 2017, the Company adopted the new accounting standard ASC 606, “Revenue from Contracts with Customers”
and all the related amendments (“new revenue standard”) to all contracts using the modified retrospective method,
while prior period amounts are not adjusted and continue to be reported in accordance with historic accounting standards under
Topic 605. The adoption has had an immaterial impact to the Company’s comparative net income and as such comparative information
has not been restated and continues to be reported under the accounting standards in effect for those periods. We expect the impact
of the adoption of the new standard to be immaterial to the Company’s net income on an ongoing basis |
| Foreign Currency Translation | The
financial statements are presented in United States dollars. In accordance with ASC 830, “Foreign Currency Matters”,
foreign denominated monetary assets and liabilities are translated into their United States dollar equivalents using foreign exchange
rates which prevailed at the balance sheet date. Revenue and expenses are translated at average rates of exchange during the year.
Gains or losses resulting from foreign currency transactions are included in results of operations. |
| Stock-Based Compensation | The
Company accounts for stock-based compensation using the fair value method following the guidance set forth in section 718-10 of
the FASB Accounting Standards Codification for disclosure about Stock-Based Compensation. This section requires a public entity
to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair
value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required
to provide service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost
is recognized for equity instruments for which employees do not render the requisite service. |
| Development Stage Company | The
Company complies with Financial Accounting Standards Codification (“ASC”) 915 and Securities and Exchange Commission
Act Guide 7 for its characterization of the Company as development stage enterprise. |
| Fair Value for Financial Assets and Financial Liabilities | The
Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial
instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to
measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in
accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value
measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37
establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three
broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical
assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph
820-10-35-37 are described below:
Level
1 Quoted market prices
available in active markets for identical assets or liabilities as of the reporting date.
Level 2 Pricing inputs other
than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting
date.
Level 3 Pricing inputs that
are generally observable inputs and not corroborated by market data. The
carrying amounts of the Company’s financial assets and liabilities, such as cash, approximate their fair values because
of the short maturity of these instruments. The
Company does not have any assets or liabilities measured at fair value on a recurring or a non-recurring basis, consequently,
the Company did not have any fair value adjustments for assets and liabilities measured at fair value at February 28, 2019, nor
gains or losses are reported in the statement of operations that are attributable to the change in unrealized gains or losses
relating to those assets and liabilities still held at the reporting date for the period ended February 28, 2019. |
| Income Taxes | The
Company follows the accrual method of accounting for income taxes. Under this method, deferred income tax assets and liabilities
are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values
and their respective income tax basis (temporary differences). The effect on the deferred income tax assets and liabilities of
a change in tax rates is recognized in income in the period that includes the enactment date. At February 28, 2019 a full deferred
tax asset valuation allowance has been provided and no deferred tax asset has been recorded. |
| Basic and Diluted Net Income (Loss) per Share | The
Company computes net income (loss) per share in accordance with ASC 260, “Earnings per Share” which requires presentation
of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net
income (loss) available to common shareholders (numerator) by the weighted average number of common shares outstanding (denominator)
during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock
options, using the treasury stock method, and convertible preferred stock, using the if-converted method. In computing diluted
EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise
of stock options or warrants. Diluted EPS excludes all dilutive potential common shares if their effect is anti-dilutive. |
| Recent Accounting Pronouncements | From
time to time, new accounting pronouncements are issued by the FASB or other standard setting bodies that are adopted by the Company
as of the specified effective date. Unless otherwise discussed, the Company believes that the effect of recently issued standards
that are not yet effective will not have a material effect on its consolidated financial position or results of operations upon
adoption. In
May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09 (“ASU 2014-09”), Revenue
from Contracts with Customers Revenue Recognition In
July 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory In
January 2016, the FASB issued ASU No. 2016-01, “ Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement
of Financial Assets and Financial Liabilities In
February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) In
March 2016, the FASB issued ASU No. 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based
Payment Accounting In
August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments (a consensus of the
Emerging Issues Task Force) Statement
of Cash Flows In
November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB
Emerging Issue Task Force) In
July 2017, the FASB issued ASU 2017-11, “Earnings Per Share (ASC 260) Distinguishing Liabilities from Equity (ASC 480)
Derivatives and Hedging (ASC 815),” |
