Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Apr. 30, 2021 | Jun. 09, 2021 | |
Cover [Abstract] | ||
Entity Registrant Name | Tianci International, Inc. | |
Entity Central Index Key | 0001557798 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --07-31 | |
Document Type | 10-Q | |
Document Period End Date | Apr. 30, 2021 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2021 | |
Is Entity's Reporting Status Current? | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Common Stock, Shares Outstanding | 2,450,148 | |
Entity Shell Company | true | |
Entity Small Company | true | |
Entity Emerging Growth | false | |
Entity Interactive Current | Yes | |
Entity File Number | 333-184061 | |
Entity Incorporation State | NV |
Condensed Balance Sheets (Unaud
Condensed Balance Sheets (Unaudited) - USD ($) | Apr. 30, 2021 | Jul. 31, 2020 |
Current Assets | ||
Cash | $ 3,951 | $ 3,968 |
Prepaid expenses | 3,000 | 12,000 |
Total Current Assets | 6,951 | 15,968 |
TOTAL ASSETS | 6,951 | 15,968 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 2,457 | 7,759 |
Due to related parties | 308,175 | 258,935 |
Total Current Liabilities | 310,632 | 266,694 |
Total Liabilities | 310,632 | 266,694 |
Commitments and Contingencies | ||
STOCKHOLDERS' DEFICIT | ||
Preferred stock, $0.0001 par value; 20,000,000 shares authorized, no shares issued and outstanding | 0 | 0 |
Common stock, $0.0001 par value, 100,000,000 shares authorized: 2,450,148 shares and 4,751,718 shares issued and outstanding, respectively | 245 | 475 |
Additional paid-in capital | 1,127,306 | 1,127,076 |
Accumulated deficit | (1,431,232) | (1,378,277) |
TOTAL STOCKHOLDERS' DEFICIT | (303,681) | (250,726) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 6,951 | $ 15,968 |
Condensed Balance Sheets (Una_2
Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Apr. 30, 2021 | Jul. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 2,450,148 | 4,751,718 |
Common stock, shares outstanding | 2,450,148 | 4,751,718 |
Condensed Statements of Operati
Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Apr. 30, 2021 | Apr. 30, 2020 | Apr. 30, 2021 | Apr. 30, 2020 | |
Income Statement [Abstract] | ||||
Revenues | $ 0 | $ 0 | $ 0 | $ 0 |
Operating Expenses | ||||
General administrative expenses | 140 | 82 | 501 | 328 |
Professional fees | 14,315 | 14,999 | 41,073 | 52,008 |
Total Operating Expenses | 14,455 | 15,081 | 41,574 | 52,336 |
Loss from operations | (14,455) | (15,081) | (41,574) | (52,336) |
Other Income (Expense) | ||||
Other expense | 0 | 0 | (11,381) | 0 |
Total other income (expense) | 0 | 0 | (11,381) | 0 |
Loss before Income Taxes | (14,455) | (15,081) | (52,955) | (52,336) |
Provision for income taxes | 0 | 0 | 0 | 0 |
Net Loss | $ (14,455) | $ (15,081) | $ (52,955) | $ (52,336) |
Basic and diluted loss per common share | $ (0.01) | $ 0 | $ (0.02) | $ (0.01) |
Basic and diluted weighted average common shares outstanding | 2,450,148 | 5,054,985 | 2,475,440 | 5,054,985 |
Condensed Statements of Changes
Condensed Statements of Changes in Stockholders' Deficit (Unaudited) - USD ($) | Common Stock | Additional Paid-In Capital | Accumulated Deficit | Total |
Beginning balance, shares at Jul. 31, 2019 | 5,054,985 | |||
Beginning balance, value at Jul. 31, 2019 | $ 505 | $ 1,127,046 | $ (1,304,429) | $ (176,878) |
Net loss for the year | (22,707) | (22,707) | ||
Ending balance, shares at Oct. 31, 2019 | 5,054,985 | |||
Ending balance, value at Oct. 31, 2019 | $ 505 | 1,127,046 | (1,327,136) | (199,585) |
Beginning balance, shares at Jul. 31, 2019 | 5,054,985 | |||
Beginning balance, value at Jul. 31, 2019 | $ 505 | 1,127,046 | (1,304,429) | (176,878) |
Net loss for the year | (52,336) | |||
Ending balance, shares at Apr. 30, 2020 | 5,054,985 | |||
Ending balance, value at Apr. 30, 2020 | $ 505 | 1,127,046 | (1,356,765) | (229,214) |
Beginning balance, shares at Oct. 31, 2019 | 5,054,985 | |||
Beginning balance, value at Oct. 31, 2019 | $ 505 | 1,127,046 | (1,327,136) | (199,585) |
Net loss for the year | (14,548) | (14,548) | ||
Ending balance, shares at Jan. 31, 2020 | 5,054,985 | |||
Ending balance, value at Jan. 31, 2020 | $ 505 | 1,127,046 | (1,341,684) | (214,133) |
Net loss for the year | (15,081) | (15,081) | ||
Ending balance, shares at Apr. 30, 2020 | 5,054,985 | |||
Ending balance, value at Apr. 30, 2020 | $ 505 | 1,127,046 | (1,356,765) | (229,214) |
Beginning balance, shares at Jul. 31, 2020 | 4,751,718 | |||
Beginning balance, value at Jul. 31, 2020 | $ 475 | 1,127,076 | (1,378,277) | (250,726) |
Cancellation of common shares, shares | (2,301,570) | |||
Cancellation of common shares, value | $ (230) | 230 | ||
Net loss for the year | (14,811) | (14,811) | ||
Ending balance, shares at Oct. 31, 2020 | 2,450,148 | |||
Ending balance, value at Oct. 31, 2020 | $ 245 | 1,127,306 | (1,393,088) | (265,537) |
Beginning balance, shares at Jul. 31, 2020 | 4,751,718 | |||
Beginning balance, value at Jul. 31, 2020 | $ 475 | 1,127,076 | (1,378,277) | (250,726) |
Net loss for the year | (52,955) | |||
Ending balance, shares at Apr. 30, 2021 | 2,450,148 | |||
Ending balance, value at Apr. 30, 2021 | $ 245 | 1,127,306 | (1,431,232) | (303,681) |
Beginning balance, shares at Oct. 31, 2020 | 2,450,148 | |||
Beginning balance, value at Oct. 31, 2020 | $ 245 | 1,127,306 | (1,393,088) | (265,537) |
Net loss for the year | (23,689) | (23,689) | ||
Ending balance, shares at Jan. 31, 2021 | 2,450,148 | |||
Ending balance, value at Jan. 31, 2021 | $ 245 | 1,127,306 | (1,416,777) | (289,226) |
Net loss for the year | (14,455) | (14,455) | ||
Ending balance, shares at Apr. 30, 2021 | 2,450,148 | |||
Ending balance, value at Apr. 30, 2021 | $ 245 | $ 1,127,306 | $ (1,431,232) | $ (303,681) |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Apr. 30, 2021 | Apr. 30, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (52,955) | $ (52,336) |
Changes in operating assets and liabilities: | ||
Decrease in prepaid expenses | 9,000 | 9,030 |
Decrease in accounts payable and accrued liabilities | (5,302) | (3,463) |
Net cash used in operating activities | (49,257) | (46,769) |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Net cash provided by investing activities | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from related parties | 49,240 | 46,769 |
Net cash provided by financing activities | 49,240 | 46,769 |
Net change in cash | (17) | 0 |
Cash - beginning of period | 3,968 | 3,968 |
Cash - end of period | 3,951 | 3,968 |
Supplemental Cash Flow Disclosures | ||
Cash paid for interest | 0 | 0 |
Cash paid for income taxes | 0 | 0 |
Non-cash financing and investing activities | ||
Cancellation of common shares | $ 230 | $ 0 |
1. Description of Business
1. Description of Business | 9 Months Ended |
Apr. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
DESCRIPTION OF BUSINESS | NOTE 1 - DESCRIPTION OF BUSINESS Tianci International, Inc. (the “Company”, “Tianci”) was incorporated under the laws of the State of Nevada, as Freedom Petroleum, Inc. on June 13, 2012. In May 2015, the Company changed its name to Steampunk Wizards, Inc. and on November 9, 2016, the Company changed its name to Tianci International, Inc. As of the date of this report, the Company is a holding company and has not carried out substantive business operations of its own. The Company’s fiscal year end is July 31. |
2. Going Concern
2. Going Concern | 9 Months Ended |
Apr. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 2 – GOING CONCERN MATTERS As of April 30, 2021, the Company had $3,951 in cash held in trust. The Company had incurred a net loss of $52,955 and used $49,257 in cash for operating activities for the nine months ended April 30, 2021. The Company’s cash balance and revenues generated are not currently sufficient and cannot be projected to cover operating expenses for the next twelve months from the date of this report. These matters raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans include attempting to improve its business profitability, its ability to generate sufficient cash flows from its operations to meet its operating needs on a timely basis, obtain additional working capital funds through equity and debt financing arrangements, and restructure on-going operations to eliminate inefficiencies to raise cash balance in order to meet its anticipated cash requirements for the next twelve months from the date of this report. However, there can be no assurance that these plans and arrangements will be sufficient to fund the Company’s ongoing capital expenditures, working capital, and other requirements. Management intends to make every effort to identify and develop sources of funds. The outcome of these matters cannot be predicted at this time. There can be no assurance that any additional financings will be available to the Company on satisfactory terms and conditions, if at all. The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital and continue profitable operations. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. |
3. Summary of Significant Accou
3. Summary of Significant Accounting Policies | 9 Months Ended |
Apr. 30, 2021 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The interim financial information referred to above has been prepared and presented in conformity with accounting principles generally accepted in the United States applicable to interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. The interim financial information has been prepared on a basis consistent with prior interim periods and years and includes all disclosures that are necessary and required by applicable laws and regulations. This report on Form 10-Q should be read in conjunction with the Company’s financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended July 31, 2020 filed on October 5, 2020. The unaudited condensed financial statements and notes are presented in accordance with accounting principles generally accepted in the United States of America (GAAP) and are presented in U.S. dollars Results of the nine months ended April 30, 2021 are not necessarily indicative of the results that may be expected for the year ended July 31, 2021 and any other future periods. Use of Estimates The preparation of financial statements in conformity with GAAP 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. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash in trust, and all highly liquid debt instruments with original maturities of three months or less. The Company had $3,951 and $3,968 in cash and cash equivalents as of April 30, 2021 and July 31, 2020, respectively. Fair Value Measurements The carrying amounts of the Company’s financial instruments, including cash and accounts payable, approximate fair value because of their short maturities. Recent Accounting Pronouncements Management has considered all recent accounting pronouncements issued and their potential effect on our financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's condensed financial statements. |
4. Due to Related Parties
4. Due to Related Parties | 9 Months Ended |
Apr. 30, 2021 | |
Related Party Transactions [Abstract] | |
DUE TO RELATED PARTIES | NOTE 4 – DUE TO RELATED PARTIES During the nine months ended April 30, 2021 and 2020, a shareholder of the Company advanced $49,240 and $46,769 for working capital purpose, respectively. As of April 30, 2021, and July 31, 2020, the Company owed $308,175 and $258,935, respectively, to a shareholder of the Company. This loan is non-interest bearing and due on demand. |
5. Equity
5. Equity | 9 Months Ended |
Apr. 30, 2021 | |
Equity [Abstract] | |
EQUITY | NOTE 5 - EQUITY The Company has 100,000,000 authorized common shares with a par value of $0.0001 per share. On August 4, 2020, the Chief Executive Officer of the Company cancelled 301,570 shares of common stock and Chief Financial Officer of the Company cancelled 2,000,000 shares of common stock. As of April 30, 2021, and July 31, 2020, there were 2,450,148 shares and 4,751,718 shares of common stock issued and outstanding, respectively. |
6. Subsequent Events
6. Subsequent Events | 9 Months Ended |
Apr. 30, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 6- SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date which the financial statements were available to be issued. All subsequent events requiring recognition as of April 30, 2021 have been incorporated into these financial statements and there are no subsequent events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events.” |
3. Summary of Significant Acc_2
3. Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Apr. 30, 2021 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The interim financial information referred to above has been prepared and presented in conformity with accounting principles generally accepted in the United States applicable to interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. The interim financial information has been prepared on a basis consistent with prior interim periods and years and includes all disclosures that are necessary and required by applicable laws and regulations. This report on Form 10-Q should be read in conjunction with the Company’s financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended July 31, 2020 filed on October 5, 2020. The unaudited condensed financial statements and notes are presented in accordance with accounting principles generally accepted in the United States of America (GAAP) and are presented in U.S. dollars Results of the nine months ended April 30, 2021 are not necessarily indicative of the results that may be expected for the year ended July 31, 2021 and any other future periods. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with GAAP 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. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments. |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash in trust, and all highly liquid debt instruments with original maturities of six months or less. The Company had $3,951 and $3,968 in cash and cash equivalents as of April 30, 2021 and July 31,2020, respectively. |
Fair Value Measurements | Fair Value Measurements The carrying amounts of the Company’s financial instruments, including cash and accounts payable, approximate fair value because of their short maturities. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements Management has considered all recent accounting pronouncements issued and their potential effect on our financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's condensed financial statements. |
2. Going Concern (Details Narra
2. Going Concern (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||||||
Apr. 30, 2021 | Jan. 31, 2021 | Oct. 31, 2020 | Apr. 30, 2020 | Jan. 31, 2020 | Oct. 31, 2019 | Apr. 30, 2021 | Apr. 30, 2020 | |
Going Concern [Abstract] | ||||||||
Cash held in trust | $ 3,951 | $ 3,968 | $ 3,951 | $ 3,968 | ||||
Net loss | $ (14,455) | $ (23,689) | $ (14,811) | $ (15,081) | $ (14,548) | $ (22,707) | (52,955) | (52,336) |
Cash used in operations | $ (49,257) | $ (46,769) |
3. Summary of Significant Acc_3
3. Summary of Significant Accounting Policies (Details Narrative) - USD ($) | Apr. 30, 2021 | Jul. 31, 2020 |
Accounting Policies [Abstract] | ||
Cash and cash equivalents | $ 3,951 | $ 3,968 |
4. Due to Related Parties (Deta
4. Due to Related Parties (Details Narrative) - USD ($) | 9 Months Ended | ||
Apr. 30, 2021 | Apr. 30, 2020 | Jul. 31, 2020 | |
Proceeds from related parties | $ 49,240 | $ 46,769 | |
Shareholder [Member] | |||
Due to related parties | 308,175 | $ 258,935 | |
Proceeds from related parties | $ 49,240 | $ 46,769 |
5. Equity (Details Narrative)
5. Equity (Details Narrative) | Aug. 04, 2020shares |
Chief Executive Officer [Member] | |
Cancellation of common shares, shares | 301,570 |
Chief Financial Officer [Member] | |
Cancellation of common shares, shares | 2,000,000 |