Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Feb. 28, 2019 | Feb. 01, 2021 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | Sipup Corp | |
Entity Central Index Key | 0001563227 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --11-30 | |
Document Type | 10-Q | |
Entity File Number | 333-185408 | |
Document Period End Date | Feb. 28, 2019 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2019 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | No | |
Entity Interactive Data Current | No | |
Entity Shell Company | true | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Incorporation, State or Country Code | NY | |
Entity Common Stock, Shares Outstanding | 24,044,000 |
Balance Sheets (Unaudited)
Balance Sheets (Unaudited) - USD ($) | Feb. 28, 2019 | Nov. 30, 2018 |
Current assets: | ||
Prepaid expenses | ||
Total assets | ||
LIABILITIES AND STOCKHOLDERS' DEFICIENCY | ||
Accounts payable and accrued expenses | 121,480 | 113,455 |
Loan from stockholder | 14,020 | 14,020 |
Total liabilities | 135,500 | 127,475 |
Stockholders' deficiency: | ||
Common stock, $0.001 par value; 75,000,000 shares authorized; 4,500,000 shares issued and outstanding on February 28, 2019 and November 30, 2018 respectively | 4,500 | 4,500 |
Additional paid-in capital | 210,568 | 210,568 |
Accumulated deficit | (350,568) | (342,543) |
Total stockholders' deficiency | (135,500) | (127,475) |
Total liabilities and stockholders' deficiency |
Balance Sheets (Unaudited) (Par
Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Feb. 28, 2019 | Nov. 30, 2018 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 4,500,000 | 4,500,000 |
Common stock, shares outstanding | 4,500,000 | 4,500,000 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Feb. 28, 2019 | Feb. 28, 2018 | |
Income Statement [Abstract] | ||
Revenues | ||
Costs and operating expenses: | ||
Cost of revenues | ||
Professional fees | 2,500 | 2,000 |
Filing fess | 5,525 | 300 |
Payroll and related expenses | ||
Total costs and operating expenses | 8,025 | 2,300 |
Net loss | $ (8,025) | $ (2,300) |
Net loss per share – basic and diluted attributable to common stockholders | $ 0 | $ 0 |
Basic and diluted weighted average number of shares outstanding | 4,500,000 | 4,500,000 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Feb. 28, 2019 | Feb. 28, 2018 | |
Cash flows from operating activities: | ||
Net loss for the period | $ (8,025) | $ (2,300) |
Changes in operating assets and liabilities: | ||
(Increase) decrease in prepaid expenses | ||
Increase (decrease) in accounts payable and accrued expenses | 8,025 | 2,300 |
Stock based compensation | ||
Net cash provided by (used in) operating activities | ||
Cash flows from financing activities: | ||
Proceeds from shareholders | ||
Net cash provided by (used in) operating activities | ||
Increase (decrease) in cash and cash equivalents | ||
Cash and cash equivalents at beginning of period | ||
Cash and cash equivalents at end of period |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Feb. 28, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
BASIS OF PRESENTATION | NOTE 1 – BASIS OF PRESENTATION Financial Statement Preparation The unaudited financial statements of Sipup Corporation Inc. (referred to in this Quarterly Report on Form 10-Q as the "Company", "we", "us", or "our"), of which these notes are a part, have been prepared in accordance with generally accepted accounting principles for interim financial information and pursuant to the instructions of Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for annual financial statements. In the opinion of our management, all adjustments (consisting only of normal recurring accruals) considered necessary for a fair presentation of the financial information as of and for the periods presented have been included. The results for the interim periods presented are not necessarily indicative of the results that may be expected for any future period. The unaudited financial statements should be read in conjunction with the audited financial statements and notes for the year ended November 30, 2018, included in our Annual Report on Form 10-K filed with the SEC on January 26, 2021, and all of our other periodic filings, including Current Reports on Form 8-K, filed with the SEC after the end of our 2018 fiscal year and through the date of this Report Sipup Corporation (the "Company") is a Nevada Corporation incorporated on October 31, 2012. The Company plans enter emerging technology businesses and real estate industry. Basis of Presentation The Company maintains its accounting records on an accrual basis in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"). These financial statements are presented in US dollars. Fiscal Year End The Corporation has adopted a fiscal year end of November 30. Going concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As of February 28, 2019, the Company has an accumulated deficit of $350,568 from operations and working capital deficit of $135,500 has earned no revenues to cover its operating costs. The Company intends to fund future operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending November 30, 2018. The ability of the Company to emerge from the development stage is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan. In response to these problems, management intends to raise additional funds through public or private placement offerings. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. Unaudited Interim Financial Statements The interim financial statements of the Company as of February 28, 2019, and for the periods then ended, are unaudited. However, in the opinion of management, the interim financial statements include all adjustments, consisting of only normal recurring adjustments, necessary to present fairly the Company's financial position as of February 28, 2019, and the results of its operations and its cash flows for the periods ended February 28, 2019. These results are not necessarily indicative of the results expected for the calendar year ending November 30, 2018. The accompanying financial statements and notes thereto do not reflect all disclosures required under accounting principles generally accepted in the United States. Refer to the Company's audited financial statements as of November 30, 2018, for additional information, including significant accounting policies. Lease Commitments The Company does not own any property. We currently lease a virtual office at 3 Kiryat Hamada, 3 rd Legal proceedings The Company is not party to any legal proceedings, nor is there any known legal proceedings contemplated against the Company. |
Significant Accounting Policies
Significant Accounting Policies | 3 Months Ended |
Feb. 28, 2019 | |
Accounting Policies [Abstract] | |
SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES The principal accounting policies are set out below, these policies have been consistently applied to the period presented, unless otherwise stated: Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted 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 or revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and cash equivalents Cash and equivalents include investments with initial maturities of three months or less. The Company maintains its cash balances at credit-worthy financial institutions that are insured by the Federal Deposit Insurance Corporation ("FDIC") up to $250,000. As of February 28, 2019, and November 30, 2018 the company has no cash. Accounts Payable and Accrued Expenses Accounts payable and accrued expenses are carried at amortized cost and represent liabilities for goods and services provided to the Company prior to the end of the financial year that are unpaid and arise when the Company becomes obliged to make future payments in respect of the purchase of these goods and services. Earnings per Share The Company computes net loss per share in accordance with ASC 260, "Earnings Per Share" ASC 260 requires presentation of both basic and diluted earnings per share ("EPS") on the face of the income statement. Basic EPS is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted EPS is determined by adjusting the profit or loss attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potential dilutive common shares, which comprise options granted to employees. As February 28, 2019, the Company had no potentially dilutive shares. Income Taxes Income taxes are accounted for in accordance with ASC Topic 740, "Income Taxes." Under the asset and liability method, deferred tax assets and liabilities are recognized for the future consequences of differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases (temporary differences). Deferred tax assets and liabilities are measured using tax rates expected to apply to taxable income in the years in which those temporary differences are recovered or settled. Valuation allowances for deferred tax assets are established when it is more likely than not that some portion or all of the deferred tax assets will not be realized. Stock based compensation The Company accounts for equity instruments issued to employees in accordance with ASC 718, Compensation - Stock Compensation. ASC 718 requires all share-based compensation payments to be recognized in the financial statements based on the fair value using an option pricing model. ASC 718 requires forfeitures to be estimated at the time of grant and revised in subsequent periods if actual forfeitures differ from initial estimates. Equity instruments granted to non-employees are accounted for in accordance with ASC 505, Equity. The final measurement date for the fair value of equity instruments with performance criteria is the date that each performance commitment for such equity instrument is satisfied or there is a significant disincentive for non-performance. Currently, the Company does not have stock incentive plan. Fair Value of Financial Instruments The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value: - Level 1: Quoted prices in active markets for identical instruments; - Level 2: Other significant observable inputs (including quoted prices in active markets for similar instruments); - Level 3: Significant unobservable inputs (including assumptions in determining the fair value of certain investments). Recently Adopted Accounting Pronouncements During the year ended November 30, 2015, the Company has elected to early adopt Accounting Standards Update ("ASU") No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the Company to remove the inception to date information and all references to development stage. We do not believe that the adoption of any other recently issued accounting pronouncements in 2014 had a significant impact on our financial position, results of operations, or cash flow. |
Loan from Stockholder
Loan from Stockholder | 3 Months Ended |
Feb. 28, 2019 | |
Debt Disclosure [Abstract] | |
LOAN FROM STOCKHOLDER | NOTE 3 – LOAN FROM STOCKHOLDER For the three months ended, February 28, November 30, Loan from related party* in dollars $ 14,020 $ 14,020 * The above loan is unsecured, bears no interest and has no repayment term. This loan is repayable on demand |
Stockholders_ Equity (Deficit)
Stockholders’ Equity (Deficit) | 3 Months Ended |
Feb. 28, 2019 | |
Equity [Abstract] | |
STOCKHOLDERS' EQUITY (DEFICIT) | NOTE 4 – STOCKHOLDERS' EQUITY (DEFICIT) Common stock In October 2012, the Company issued 3,000,000 shares of common stock at a price of $ 0.001 per share. In April 2013, pursuant to the terms of an offering registered with the SEC, the Company issued 90,000 shares of common stock at $0.05 per share. In May 2013, pursuant to the terms of an offering registered with the SEC, the Company issued 910,000 shares of common stock at $0.05 per share. During December 2016, the Company and Rosario Capital Ltd. ("Rosario") having their principal places of business at Tel Aviv, Israel have entered into service agreement, pursuant to which. Rosario is providing to the Company certain critical advisory and other services. In consideration of any and all Rosario's Services, the Company has issued to Rosario 500,000 restricted shares of common stock. The fair value of the shares as of the date of issuance was $150,000 using the share price on the day of issuance. All services were performed during 2018 and all amount was amortized as expense during the year ended November 2018. |
Income Taxes
Income Taxes | 3 Months Ended |
Feb. 28, 2019 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 5 – INCOME TAXES a. Provision for income taxes No provision for income taxes was required for the three months ended February 28, 2019 and November 30, 2018 due to net losses in these periods. b. In accordance with ASC 740-10, the components of deferred income taxes are as follows: For the three months ended February 28, November 30, Net operating losses carryforwards $ 73,619 $ 40,434 Less valuation allowance (73,619 ) (40,434 ) Net deferred tax assets $ - $ - The Company provided a valuation allowance equal to the deferred income tax assets for period ended February 28, 2019 because it is not presently known whether future taxable income will be sufficient to utilize the loss carryforwards . As of February 28, 2019, the Company had approximately $350,568 in tax loss carryforwards that can be utilized future periods to reduce taxable income and expire by the year 2038. The Company did not identify any material uncertain tax positions. The Company did not recognize any interest or penalties for unrecognized tax benefits. The federal income tax returns of the Company are subject to examination by the IRS, generally for three years after they are filed . |
Related Party Transaction
Related Party Transaction | 3 Months Ended |
Feb. 28, 2019 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTION | NOTE 6 – RELATED PARTY TRANSACTION Parties are considered to be related if one party has the ability to control or exercise significant influence over the other party in making financial and operating decisions. A related party transaction is considered to be a transfer of resources or obligations between related parties, regardless of whether or not a price is charged. The stockholders who gave the loan to the company are not considered as a related party because they have less than 10% of the stock. From time to time, the president and stockholder of the Company provides advances to the Company for its working capital purposes. These advances bear no interest and are due on demand. The following transactions were carried out with related parties: For the three months ended February 28, November 30, Professional fees $ $ 150,000 |
Subsequent Events
Subsequent Events | 3 Months Ended |
Feb. 28, 2019 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 7 – SUBSEQUENT EVENTS In accordance with ASC 855-10, Company management reviewed all material events through the date of this report and determined that there are no additional material subsequent events to report. (i) On May 15, 2019, Sipup Corp. (the "Company") entered into a short-form agreement with Enlightened Capital Ltd., an Israeli company with offices at Bnei-Brak, Israel ("Enlightened"), pursuant to which all outstanding ordinary shares of Enlightened were exchanged for shares of the Company common stock, $0.001 par value per share (the "Transaction"). In the Transaction, the Company issued to the sole shareholder of Enlightened, or the designees thereof, an aggregate of 18,000,000 shares of the Company's common stock. Following the Transaction, Enlightened became a wholly-owned subsidiary of the Company. (ii) During March 2019 the Company issued Adi Zim Holdings Ltd. ("Adi") 644,000 restricted shares of the Company's common stock in consideration for remittance of $100,000 for purposes of paying outstanding Company obligation to third parties. (iii) During April 2019, the Company and Rosario Capital Ltd. ("Rosario") have entered into additional service agreement, pursuant to which Rosario is providing to the Company certain financial advisory and other services. In consideration of any and all Rosario's Services, the Company has issued to Rosario 900,000 restricted shares of common stock. The service agreement will be terminated on December 31, 2020. The fair value of the restricted shares as of the date of issuance was $144,000 using the share price on the day of issuance. (iv) On October 1, 2020, the Company executed a non-binding Letter of Intent ("LOI") to merge with VeganNation Services Ltd., a company formed under the laws of the State of Israel ("VeganNation"). As outlined in the LOI, the proposed merger will be structured as a reverse triangular merger pursuant to which a newly formed subsidiary of the Company will merge with and into VeganNation, with VeganNation as the surviving entity and a wholly-owned subsidiary of the Company. VeganNation is, a leading global plant-based company building an all-encompassing conscious consumer ecosystem, connecting and empowering plant-based and sustainable businesses and individuals. Management of the Company believes that the growth of sustainable and plant-based consumer goods presents a unique opportunity to participate in the fastest growing lifestyle globally. In connection with the proposed transaction, the VeganNation stockholders are expected to receive securities of Sipup that will be equal to approximately 50% of the issued and outstanding common stock of the Company at the closing of the proposed merger, on a fully diluted basis. Subject to satisfaction of the closing conditions, the parties intend to close on the transactions contemplated under the LOI by January 31, 2021. Following the closing of the proposed merger, VeganNation will effect a change in the Company's Board of Directors and management as VeganNation's management deems appropriate. |
Significant Accounting Polici_2
Significant Accounting Policies (Policies) | 3 Months Ended |
Feb. 28, 2019 | |
Accounting Policies [Abstract] | |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted 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 or revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Cash and cash equivalents | Cash and cash equivalents Cash and equivalents include investments with initial maturities of three months or less. The Company maintains its cash balances at credit-worthy financial institutions that are insured by the Federal Deposit Insurance Corporation ("FDIC") up to $250,000. As of February 28, 2019, and November 30, 2018 the company has no cash. |
Accounts Payable and Accrued Expenses | Accounts Payable and Accrued Expenses Accounts payable and accrued expenses are carried at amortized cost and represent liabilities for goods and services provided to the Company prior to the end of the financial year that are unpaid and arise when the Company becomes obliged to make future payments in respect of the purchase of these goods and services. |
Earnings per Share | Earnings per Share The Company computes net loss per share in accordance with ASC 260, "Earnings Per Share" ASC 260 requires presentation of both basic and diluted earnings per share ("EPS") on the face of the income statement. Basic EPS is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted EPS is determined by adjusting the profit or loss attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potential dilutive common shares, which comprise options granted to employees. As February 28, 2019, the Company had no potentially dilutive shares. |
Income Taxes | Income Taxes Income taxes are accounted for in accordance with ASC Topic 740, "Income Taxes." Under the asset and liability method, deferred tax assets and liabilities are recognized for the future consequences of differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases (temporary differences). Deferred tax assets and liabilities are measured using tax rates expected to apply to taxable income in the years in which those temporary differences are recovered or settled. Valuation allowances for deferred tax assets are established when it is more likely than not that some portion or all of the deferred tax assets will not be realized. |
Stock based compensation | Stock based compensation The Company accounts for equity instruments issued to employees in accordance with ASC 718, Compensation - Stock Compensation. ASC 718 requires all share-based compensation payments to be recognized in the financial statements based on the fair value using an option pricing model. ASC 718 requires forfeitures to be estimated at the time of grant and revised in subsequent periods if actual forfeitures differ from initial estimates. Equity instruments granted to non-employees are accounted for in accordance with ASC 505, Equity. The final measurement date for the fair value of equity instruments with performance criteria is the date that each performance commitment for such equity instrument is satisfied or there is a significant disincentive for non-performance. Currently, the Company does not have stock incentive plan. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value: - Level 1: Quoted prices in active markets for identical instruments; - Level 2: Other significant observable inputs (including quoted prices in active markets for similar instruments); - Level 3: Significant unobservable inputs (including assumptions in determining the fair value of certain investments). |
Recently Adopted Accounting Pronouncements | Recently Adopted Accounting Pronouncements During the year ended November 30, 2015, the Company has elected to early adopt Accounting Standards Update ("ASU") No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the Company to remove the inception to date information and all references to development stage. We do not believe that the adoption of any other recently issued accounting pronouncements in 2014 had a significant impact on our financial position, results of operations, or cash flow. |
Loan from Stockholder (Tables)
Loan from Stockholder (Tables) | 3 Months Ended |
Feb. 28, 2019 | |
Debt Disclosure [Abstract] | |
Schedule of loan from stockholder | For the three months ended, February 28, November 30, Loan from related party* in dollars $ 14,020 $ 14,020 * The above loan is unsecured, bears no interest and has no repayment term. This loan is repayable on demand |
Income Taxes (Tables)
Income Taxes (Tables) | 3 Months Ended |
Feb. 28, 2019 | |
Income Tax Disclosure [Abstract] | |
Schedule of deferred income taxes | For the three months ended February 28, November 30, Net operating losses carryforwards $ 73,619 $ 40,434 Less valuation allowance (73,619 ) (40,434 ) Net deferred tax assets $ - $ - |
Related Party Transaction (Tabl
Related Party Transaction (Tables) | 3 Months Ended |
Feb. 28, 2019 | |
Related Party Transactions [Abstract] | |
Schedule of related party transactions | For the three months ended February 28, November 30, Professional fees $ $ 150,000 |
Basis of Presentation (Details)
Basis of Presentation (Details) - USD ($) | Feb. 28, 2019 | Nov. 30, 2018 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Accumulated deficit | $ (350,568) | $ (342,543) |
Working capital | $ 135,500 |
Significant Accounting Polici_3
Significant Accounting Policies (Details) | Feb. 28, 2019USD ($) |
Accounting Policies [Abstract] | |
Federal deposit insurance corporation, amount | $ 250,000 |
Loan from Stockholder (Details)
Loan from Stockholder (Details) - USD ($) | Feb. 28, 2019 | Nov. 30, 2018 | |
Debt Disclosure [Abstract] | |||
Loan from related party in dollars | [1] | $ 14,020 | $ 14,020 |
[1] | The above loan is unsecured, bears no interest and has no repayment term. This loan is repayable on demand |
Stockholders_ Equity (Deficit)
Stockholders’ Equity (Deficit) (Details) - USD ($) | 1 Months Ended | |||||
Dec. 31, 2016 | Feb. 28, 2019 | Nov. 30, 2018 | May 31, 2013 | Apr. 30, 2013 | Oct. 31, 2012 | |
Equity [Abstract] | ||||||
Restricted common stock, shares | 500,000 | |||||
Restricted common stock, value | $ 150,000 | |||||
Common stock, shares issued | 4,500,000 | 4,500,000 | 910,000 | 90,000 | 3,000,000 | |
Common stock, par value | $ 0.001 | $ 0.001 | $ 0.05 | $ 0.05 | $ 0.001 |
Income Taxes (Details)
Income Taxes (Details) - USD ($) | Feb. 28, 2019 | Nov. 30, 2018 |
Income Tax Disclosure [Abstract] | ||
Net operating losses carryforwards | $ 73,619 | $ 40,434 |
Less valuation allowance | (73,619) | (40,434) |
Net deferred tax assets |
Income Taxes (Details Textual)
Income Taxes (Details Textual) | 3 Months Ended |
Feb. 28, 2019USD ($) | |
Income Taxes (Textual) | |
Operating loss carryforwards | $ 350,568 |
Operating loss carryforwards, expiration date | Nov. 30, 2038 |
Related Party Transaction (Deta
Related Party Transaction (Details) - USD ($) | Feb. 28, 2019 | Nov. 30, 2018 |
Related Party Transactions [Abstract] | ||
Professional fees | $ 150,000 |
Related Party Transaction (De_2
Related Party Transaction (Details Textual) | 3 Months Ended |
Feb. 28, 2019 | |
Related Party Transaction (Textual) | |
Related party transaction, description | Parties are considered to be related if one party has the ability to control or exercise significant influence over the other party in making financial and operating decisions. A related party transaction is considered to be a transfer of resources or obligations between related parties, regardless of whether or not a price is charged. The stockholders who gave the loan to the company are not considered as a related party because they have less than 10% of the stock. |
Subsequent Events (Details)
Subsequent Events (Details) - USD ($) | May 15, 2019 | Apr. 30, 2019 | Mar. 31, 2019 | Feb. 28, 2019 | Nov. 30, 2018 | May 31, 2013 | Apr. 30, 2013 | Oct. 31, 2012 |
Subsequent Events (Textual) | ||||||||
Common stock, par value | $ 0.001 | $ 0.001 | $ 0.05 | $ 0.05 | $ 0.001 | |||
Proposed transaction, description | In connection with the proposed transaction, the VeganNation stockholders are expected to receive securities of Sipup that will be equal to approximately 50% of the issued and outstanding common stock of the Company at the closing of the proposed merger, on a fully diluted basis. Subject to satisfaction of the closing conditions, the parties intend to close on the transactions contemplated under the LOI by January 31, 2021. Following the closing of the proposed merger, VeganNation will effect a change in the Company’s Board of Directors and management as VeganNation’s management deems appropriate. | |||||||
Forecast [Member] | Enlightened Capital Ltd [Member] | ||||||||
Subsequent Events (Textual) | ||||||||
Common stock, par value | $ 0.001 | |||||||
Aggregate of shares of common stock | 18,000,000 | |||||||
Forecast [Member] | Adi Zim Holdings Ltd [Member] | ||||||||
Subsequent Events (Textual) | ||||||||
Restricted shares of common stock | 644,000 | |||||||
Consideration for remittance | $ 100,000 | |||||||
Forecast [Member] | Rosario Capital Ltd [Member] | ||||||||
Subsequent Events (Textual) | ||||||||
Restricted shares of common stock | 900,000 | |||||||
Restricted shares, value | $ 144,000 |