| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended | 7 Months Ended | 12 Months Ended |
| Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2021 |
| The Catalyst Group Entertainment Llc [Member] | | | |
| Basis of Presentation | Basis
of Presentation The
accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP | | Basis
of Presentation The
accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP |
| Going Concern | Going
Concern The
accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization
of assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these financial
statements. As of March 31, 2022, the Company had $ 1,670
in cash and Members Equity of $ 1,670 . Because
the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises
substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional
funds and is currently exploring alternative sources of financing. The Company will be required
to continue to do so until its operations become profitable. There can be no assurance that such additional financing will be available
to the Company on acceptable terms or at all. | | Going
Concern The
accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization
of assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these financial
statements. As of December 31, 2021, the Company had $ 4,726
in cash and Members Equity of $ 4,726 . Because
the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises
substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional
funds and is currently exploring alternative sources of financing. The Company will be required
to continue to do so until its operations become profitable. There can be no assurance that such additional financing will be available
to the Company on acceptable terms or at all. |
| Use of Estimates | Use
of Estimates The
preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the
reported amounts of 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 most significant estimates relate to income taxes and contingencies.
The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to
be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions
provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other
sources. Actual results could differ from these estimates. | | Use
of Estimates The
preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the
reported amounts of 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 most significant estimates relate to income taxes and contingencies.
The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to
be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions
provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other
sources. Actual results could differ from these estimates. |
| Cash and cash equivalents | Cash
and cash equivalents The
Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents.
On March 31, 2022, and December 31, 2021, the Company’s cash equivalents totaled $ 1,670
and $ 4,726
respectively. | | Cash
and cash equivalents The
Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents.
On December 31, 2021, and December 31, 2020, the Company’s cash equivalents totaled $ 4,726
and $ 4,726
respectively. |
| Income taxes | Income
taxes The
Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes” “Accounting for Uncertainty in Income Taxes” The
amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate
settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or
circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability
under audit. | | Income
taxes The
Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes” “Accounting for Uncertainty in Income Taxes” The
amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate
settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or
circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability
under audit. |
| Net Loss per Share | Net
Loss per Share Net
loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined
by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”)
calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year.
Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares
and dilutive common share equivalents outstanding. | | Net
Loss per Share Net
loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined
by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”)
calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year.
Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares
and dilutive common share equivalents outstanding. |
| Recent Accounting Pronouncements | Recent
Accounting Pronouncements There
are no recent accounting pronouncements that impact the Company’s operations. | | Recent
Accounting Pronouncements There
are no recent accounting pronouncements that impact the Company’s operations. |
| Management’s Representation of Interim Financial Statements | Management’s
Representation of Interim Financial Statements The
accompanying unaudited consolidated financial statements have been prepared by the Company without audit pursuant to the rules and regulations
of the Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in financial statements
prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or
omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented
not misleading. These consolidated financial statements include all of the adjustments, which in the opinion of management are necessary
to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim
results are not necessarily indicative of results for a full year. These consolidated financial statements should be read in conjunction
with the audited consolidated financial statements | | |
| Iqi Media Inc [Member] | | | |
| Basis of Presentation | Basis
of Presentation The
accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP | | Basis
of Presentation The
accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP |
| Going Concern | Going
Concern The
accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization
of assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these financial
statements. As of March 31, 2022, the Company had $ 1,512
in cash and an accumulated deficit of $ 66,073 . Because
the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises
substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional
funds and is currently exploring alternative sources of financing. Historically, the Company has been solely financed by its CEO. The
Company will be required to continue to do so until its operations become profitable. There can be no assurance that such additional
financing will be available to the Company on acceptable terms or at all. | | Going
Concern The
accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization
of assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these financial
statements. As of December 31, 2021, the Company had $ 1,836
in cash and an accumulated deficit of $ 59,142 . Because
the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises
substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional
funds and is currently exploring alternative sources of financing. Historically, the Company has been solely financed by its CEO. The
Company will be required to continue to do so until its operations become profitable. There can be no assurance that such additional
financing will be available to the Company on acceptable terms or at all. |
| Use of Estimates | Use
of Estimates The
preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the
reported amounts of 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 most significant estimates relate to income taxes and contingencies.
The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to
be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions
provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other
sources. Actual results could differ from these estimates. | | Use
of Estimates The
preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the
reported amounts of 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 most significant estimates relate to income taxes and contingencies.
The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to
be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions
provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other
sources. Actual results could differ from these estimates. |
| Cash and cash equivalents | Cash
and cash equivalents The
Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents.
On March 31, 2022, and December 31, 2021, the Company’s cash equivalents totaled $ 1,512
and $ 1,836
respectively. | | Cash
and cash equivalents The
Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents.
On December 31, 2021, and December 31, 2020, the Company’s cash equivalents totaled $ 1,836
and $ 79
respectively. |
| Income taxes | Income
taxes The
Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes” “Accounting for Uncertainty in Income Taxes” The
amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate
settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or
circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability
under audit. | | Income
taxes The
Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes” “Accounting for Uncertainty in Income Taxes” The
amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate
settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or
circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability
under audit. |
| Net Loss per Share | Net
Loss per Share Net
loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined
by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”)
calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year.
Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares
and dilutive common share equivalents outstanding. | | Net
Loss per Share Net
loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined
by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”)
calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year.
Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares
and dilutive common share equivalents outstanding. |
| Recent Accounting Pronouncements | Recent
Accounting Pronouncements There
are no recent accounting pronouncements that impact the Company’s operations. | | Recent
Accounting Pronouncements There
are no recent accounting pronouncements that impact the Company’s operations. |
| Management’s Representation of Interim Financial Statements | Management’s
Representation of Interim Financial Statements The
accompanying unaudited consolidated financial statements have been prepared by the Company without audit pursuant to the rules and regulations
of the Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in financial statements
prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or
omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented
not misleading. These consolidated financial statements include all of the adjustments, which in the opinion of management are necessary
to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim
results are not necessarily indicative of results for a full year. These consolidated financial statements should be read in conjunction
with the audited consolidated financial statements | | |
| Revenue Recognition | Revenue
Recognition Revenues
are accounted for in accordance with the FASB’s Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic
606). The
Company derives revenue by providing content creation and advertising services to major corporations The
amount of revenue recognized reflects the consideration which the Company expects to be entitled to receive in exchange for the products
and/or services. To achieve this principle, the Company applies the following five steps:
1. Identify
the contract with the customer;
2. Identify
the performance obligations in the contract;
3. Determine
the transaction price;
4. Allocate
the transaction price to performance obligations in the contract, and
5. Recognize
revenue when or as the Company satisfies a performance obligation. The
Company recognizes revenue when the services have been completed. | | Revenue
Recognition Revenues
are accounted for in accordance with the FASB’s Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic
606). The
Company derives revenue by providing content creation and advertising services to major corporations The
amount of revenue recognized reflects the consideration which the Company expects to be entitled to receive in exchange for the products
and/or services. To achieve this principle, the Company applies the following five steps:
1. Identify
the contract with the customer;
2. Identify
the performance obligations in the contract;
3. Determine
the transaction price;
4. Allocate
the transaction price to performance obligations in the contract, and
5. Recognize
revenue when or as the Company satisfies a performance obligation. The
Company recognizes revenue when the services have been completed. |
| Administrative Expense | | | Administrative
expenses Administrative
expense include professional accounting and legal fees as well as costs associated with being a public company such as listing fees and
Edgarization fees. |
| Winvest Group Ltd [Member] | | | |
| Basis of Presentation | | Basis
of Presentation The
accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States
of America or (“U.S. GAAP”) as found in the Accounting Standards Codification (“A.S.C.”), the Accounting Standards
Update (“A.S.U.”) of the Financial Accounting Standards Board (“FASB”) and the rules and regulations of the U.S.
Securities and Exchange Commission (the “S.E.C.”). | |
| Going Concern | | Going
Concern The
accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization
of assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these financial
statements. As of December 31, 2021, the Company had no cash and an accumulated deficit of $ 101,493,644 . Because
the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises
substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional
funds and is currently exploring alternative sources of financing. Recently the Company being funded by Winvest Group Limited (Cayman).
Who extended interest-free demand loans to the Company. Historically, the Company raised capital through private placements to finance
working capital needs and may attempt to raise capital by selling common stock or other securities and obtaining some short-term loans.
The Company will be required to continue to so until its operations become profitable. Also, in the past, the Company has paid for consulting
services with its common stock to maximize working capital and intends to continue this practice where feasible. | |
| Use of Estimates | | Use
of Estimates The
preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the
reported amounts of 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 most significant estimates relate to income taxes and contingencies.
The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to
be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions
provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other
sources. Actual results could differ from these estimates. We are not presently aware of any events or circumstances arising from the
COVID-19 pandemic that would require us to update our estimates or judgments or revise the carrying value of our assets or liabilities. | |
| Cash and cash equivalents | | Cash
and cash equivalents The
Company considers all highly liquid temporary cash investments with an original maturity of three months or less cash equivalents. As
of December 31, 2021 and May 31, 2021 the Company had no cash on hand. | |
| Income taxes | | Income
taxes The
Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes.” “Accounting for Uncertainty in Income Taxes,” The
amount recognized is measured as the largest benefit that is greater than 50
percent likely to be realized upon ultimate settlement.
The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or circumstances
have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit. | |
| Net Loss per Share | | Net
Loss per Share The
Company reports loss per share under A.S.C. Topic 260, “Earnings Per Share,” which establishes computing standards and presents
earnings per share. The basic loss per share calculation divides the net loss allocable to common stockholders by the weighted-average
shares of common stock outstanding during the period without considering common stock equivalents. The diluted loss per share calculation
is calculated by adjusting the weighted-average shares of common stock outstanding for the dilutive effect of common stock equivalents,
including stock options and warrants, outstanding for the period as determined using the treasury stock method. For the diluted net loss
per share calculation purposes, common stock equivalents are excluded from the calculation because their effect would be anti-dilutive.
Therefore, basic and diluted net loss per share applicable to common stockholders is the same for periods with a net loss. | |
| Recent Accounting Pronouncements | | Recent
Accounting Pronouncements Other
recent accounting standards issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public
Accountants, and the S.E.C., did not or are not believed by management to have a material impact on the Company’s present or future
consolidated financial statements. | |
| Revenue Recognition | | Revenue
Recognition On
July 1, 2018, the Company adopted Accounting Standards Codification (“A.S.C.”) Topic 606, Revenue from Contracts with Customers
(“ASC 606”). Results for reporting periods beginning after January 1, 2018, are presented under ASC 606. As of and for
the years ended December 31, 2021 and May 31, 2021, the financial statements were not impacted due to the application of Topic 606 because
the Company had no revenues. | |
| Reverse Split | | Reverse
Split On
January 27, 2022 the company effected a 1
for 250 reverse stock split of
its common stock. This split has been retroactively applied to all periods presented. All reference to common stock in this Form 10-KT
reflects this reverse split unless specifically stated otherwise. | |
| Leases | | Leases In
February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2016-02, “Leases”
(“A.S.U. 2016-02”). A.S.U. 2016-02 is intended to improve financial reporting of leasing transactions by requiring organizations
that lease assets to recognize assets and liabilities for the rights and obligations created by leases on the balance sheet. The adoption
of ASC 842 on June 1, 2020, did not impact the Company’s financial statements because the Company has no rental properties. | |
| Stock-based Compensation | | Stock-Based
Compensation The
Company accounts for stock compensation with persons classified as employees for accounting purposes under ASC 718 “Compensation-Stock
Compensation,” which recognizes awards at fair value on the date of grant and recognition of compensation over the service period
for awards expected to vest. The fair value of stock options is determined using the Black-Scholes Option Pricing Model. The fair value
of common stock issued for services is determined based on the Company’s stock price on the issuance date. The
expansion of Topic 718 fell under A.S.U. 2018-07 to include share-based payment transactions for acquiring goods and services from nonemployees.
The measurement date for equity-classified nonemployee share-based payment awards is no longer at the earlier date at which a commitment
for performance by the counterparty is reached or the date at which the counterparty’s performance is complete. Instead, the grant
date is now considered the measurement date. Under today’s guidance, the measurement of nonemployee share-based payment awards
with performance conditions is at the lowest aggregate fair value, often resulting in a zero value. The new A.S.U. aligns the accounting
for nonemployee share-based payment awards with performance conditions with accounting for employee share-based payment awards under
Topic 718 by requiring entities to consider the probability of satisfying performance conditions. Current guidance requires entities
to use the contractual term for the measurement of the nonemployee share-based payment awards. The new A.S.U. allows entities to make
an award-by-award election to use either the expected duration (consistent with employee share-based payment awards) or the contractual
term for nonemployee awards | |
| Winvests Group Ltd [Member] | | | |
| Going Concern | | Going
Concern The
accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization
of assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these financial
statements. The Company has incurred operating losses since its inception. As of September 30, 2022, the Company had a working capital
deficit of $ 437,287
and an accumulated deficit of $ 101,887,766 .
Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations,
this raises substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise
additional funds and is currently exploring alternative sources of financing. The Company is currently being funded by Winvest Group
Ltd. who is extending interest-free demand loans to the Company. The Company will be required to continue to rely on Winvest Group Ltd.
until its operations become profitable. | |
| Use of Estimates | | Use
of Estimates The
preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the
reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The most
significant estimates relate to income taxes and contingencies. The Company bases its estimates on historical experience, known or expected
trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of
these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets
and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates. | |
| Cash and cash equivalents | | Cash
and cash equivalents The
Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents.
On September 30, 2022, and December 31 2021, the Company’s cash equivalents totaled $ 13,502
and $- 0 -
respectively. | |
| Income taxes | | Income
taxes The
Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes”. Under FASB ASC 740, deferred tax assets
and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts
of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax
rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.
Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period
that includes the enactment date. FASB ASC 740-10-05, “Accounting for Uncertainty in Income Taxes” prescribes a recognition
threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be
taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination
by taxing authorities. The
amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate
settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or
circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability
under audit. | |
| Net Loss per Share | | Net
Loss per Share Net
loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined
by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”)
calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year.
Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares
and dilutive common share equivalents outstanding. | |
| Recent Accounting Pronouncements | | Recent
Accounting Pronouncements In
February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which establishes a new lease accounting model for lessees.
The updated guidance requires an entity to recognize assets and liabilities arising from financing and operating leases, along with additional
qualitative and quantitative disclosures. The amended guidance is effective for fiscal years, and interim periods within those years,
beginning after December 15, 2018, with early adoption permitted. In March 2019, the FASB issued ASU 2019-01, Codification
Improvements, which clarifies certain aspects of the new lease standard. The FASB issued ASU 2018-10, Codification Improvements to Topic
842, Leases in July 2018. Also in 2018, the FASB issued ASU 2018-11, Leases (Topic 842) Targeted Improvements, which provides an
optional transition method whereby the new lease standard is applied at the adoption date and recognized as an adjustment to retained
earnings. The amendments have the same effective date and transition requirements as the new lease standard. We
adopted ASC 842 on June 1, 2020. The adoption of this guidance did not have any impact on our financial statements because we have
no leases. | |
| Management’s Representation of Interim Financial Statements | | Management’s
Representation of Interim Financial Statements The
accompanying unaudited financial statements have been prepared by the Company without audit pursuant to the rules and regulations of
the Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in financial statements
prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been or omitted as
allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not
misleading. These financial statements include all of the adjustments, which in the opinion of management are necessary to a fair presentation
of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily
indicative of results for a full year. | |
| Revenue Recognition | | Revenue
Recognition On
July 1, 2018, the Company adopted Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers
(“ASC 606”). Results for reporting periods beginning after January 1, 2018, are presented under ASC 606. As of September
30, 2022, the financial statements were not impacted due to the application of Topic 606. | |
| Administrative Expense | | Administrative
Expense Administrative
expense includes office expense, legal, accounting and other professional fees and other expenses and fess associated with being a public
company. These expense are recorded as incurred. A small portion of the office expense is allocated to the cost of revenue. | |
| Reverse Split | | Reverse
Split On
January 27, 2022, the company effected a 1
for 250 reverse stock split of
its common stock. This split has been retroactively applied to all periods presented. All reference to common stock in this Form 10-Q
reflects this reverse split unless specifically stated otherwise. | |
| Stock-based Compensation | | Stock-based
Compensation The
Company accounts for stock-based compensation using the fair value method following the guidance outlined 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. | |
| Change in Fiscal Year-End | | Change
in Fiscal Year-End On
September 14, 2021, the Company’s Board of Directors approved the change in the Company’s fiscal year end from May 31
to December 31. | |
| Basis of Presentation | | Basis
of Presentation The
accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP | |
| Production – Cost of Revenue | | Production
– Cost of Revenue The cost
of revenue is comprised of a percentage of labor expense provided by consultants and employees to produce revenue, as well as including
a small portion of office expense. This percentage will vary from quarter to quarter based upon the nature of project the Company is
working on. Until the Company receives additional funding, the individuals working on production are Company officers who are not being
compensated for their services. | |
| Business Combinations | | Business
Combinations Under the
acquisition method of accounting, we allocate the fair value of the total consideration transferred to the tangible and identifiable
intangible assets acquired and liabilities assumed based on their estimated fair values on the date of acquisition. The fair values assigned,
defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between willing
market participants, are based on estimates and assumptions determined by management. These valuations require us to make significant
estimates and assumptions, especially with respect to intangible assets. We record the excess consideration over the aggregate fair value
of tangible and intangible assets, net of liabilities assumed, as goodwill. If the initial
accounting for a business combination is incomplete by the end of a reporting period that falls within the measurement period, we report
provisional amounts in our consolidated financial statements. During the measurement period, we adjust the provisional amounts recognized
at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date that,
if known, would have affected the measurement of the amounts recognized as of that date and we record those adjustments to our consolidated
financial statements. | |
| Goodwill and Intangible Assets | | Goodwill
and Intangible Assets Goodwill
represents the future economic benefit arising from other assets acquired that could not be individually identified and separately recognized.
Initially the Company measures goodwill based upon the value of the consideration paid plus or minus net assets assumed. This initial
measurement is subject to adjustment based on an independent third party valuation study performed within one year of the acquisition
date. The goodwill arising from the Company’s acquisition is attributable to the value of the potential expanded market opportunity
with new customers. Intangible assets have either an identifiable or indefinite useful life. Intangible assets with identifiable useful
lives are amortized on a straight-line basis over their economic or legal life, whichever is shorter. The Company’s amortizable
intangible assets consist primarily of customer relationships. The useful life of these customer relationships is estimated to be three
years. Goodwill
is not amortized, but is subject to annual impairment testing unless circumstances dictate more frequent assessments. The Company performs
an annual impairment assessment for goodwill during the fourth quarter of each year and more frequently whenever events or changes in
circumstances indicate that the fair value of the asset may be less than the carrying amount. Goodwill impairment testing compares the
fair value of the reporting unit to its carrying amount. The fair value of the reporting unit is determined by considering both the income
approach and market approaches. The fair values calculated under the income approach and market approaches are weighted based on circumstances
surrounding the reporting unit. Under the income approach, the Company determines fair value based on estimated future cash flows of
the reporting unit, which are discounted to the present value using discount factors that consider the timing and risk of cash flows.
For the discount rate, the Company relies on the capital asset pricing model approach, which includes an assessment of the risk-free
interest rate, the rate of return from publicly traded stocks, the Company’s risk relative to the overall market, the Company’s
size and industry and other Company specific risks. Other significant assumptions used in the income approach include the terminal value,
growth rates, future capital expenditures and changes in future working capital requirements. The market approaches use key multiples
from guideline businesses that are comparable and are traded on a public market. If the fair value of the reporting unit is greater than
its carrying amount, there is no impairment. If the reporting unit’s carrying amount exceeds its fair value, then an impairment
loss is recognized in an amount equal to the excess. As of September 30, 2022 the Company determined that no impairment had occurred. | |
