Perkins Oil & Gas (OOIL) 10-K 15 Nov 17 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2017	Oct. 12, 2017	Dec. 31, 2016
Document And Entity Information
Entity Registrant Name	Perkins Oil & Gas, Inc.
Entity Central Index Key	1,567,802
Trading Symbol	pekn
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding		6,750,000
Entity Public Float			$ 20,000
Document Type	10-K
Document Period End Date	Jun. 30, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Jun. 30, 2017	Jun. 30, 2016
Current Assets
Cash and cash equivalents		$ 668
Total Current Assets		668
TOTAL ASSETS		668
Current Liabilities
Accounts payable	$ 9,767	5,594
Due to related party	5,603
Accrued interest payable		1,221
Promissory notes payable - long term notes due in one year		18,900
Total Current Liabilities	15,370	25,715
Long Term Liabilities
Accrued interest payable		1,941
Promissory notes payable		30,200
Total Long Term Liabilities		32,141
Total Liabilities	15,370	57,856
STOCKHOLDERS' DEFICIT
Common stock, $0.001 par value, 75,000,000 shares authorized; 6,750,000 and 6,750,000 shares issued and outstanding as of June 30, 2017 and 2016	6,750	6,750
Additional paid-in capital	111,011	40,751
Accumulated deficit	(133,131)	(104,689)
Total stockholders' deficit	$ (15,370)	(57,188)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		$ 668

BALANCE SHEETS (Parentheticals)

BALANCE SHEETS (Parentheticals) - $ / shares	Jun. 30, 2017	Jun. 30, 2016
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	6,750,000	6,750,000
Common stock, shares outstanding	6,750,000	6,750,000

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
OPERATING EXPENSES
General and administrative	$ 27,376	$ 17,728
LOSS FROM OPERATIONS	27,376	17,728
OTHER EXPENSE
Interest expense	(1,066)	(1,608)
TOTAL OTHER EXPENSES	(1,066)	(1,608)
Provision for income taxes
NET LOSS	$ (28,442)	$ (19,336)
Basic and Diluted Income (Loss) per Common Share (in dollars per share)	$ 0	$ 0
Basic and Diluted Weighted Average Common Shares Outstanding (in shares)	6,750,000	6,750,000

STATEMENTS OF STOCKHOLDERS' DEF

STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($)	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Balance at Jun. 30, 2015	$ 6,750	$ 40,751	$ (85,353)	$ (37,852)
Balance (in shares) at Jun. 30, 2015	6,750,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net profits (loss)			(19,336)	(19,336)
Balance at Jun. 30, 2016	$ 6,750	40,751	(104,689)	$ (57,188)
Balance (in shares) at Jun. 30, 2016	6,750,000			6,750,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net profits (loss)			(28,442)	$ (28,442)
Forgiveness of related party liabilities credited to additional paid in capital		70,260		70,260
Balance at Jun. 30, 2017	$ 6,750	$ 111,011	$ (133,131)	$ (15,370)
Balance (in shares) at Jun. 30, 2017	6,750,000			6,750,000

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (28,442)	$ (19,336)
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	17,708	3,689
Accrued interest payable	1,066	1,609
Net cash used in operating activities	(9,668)	(14,038)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of notes payable	9,000	14,700
Net cash provided by financing activities	9,000	14,700
Net increase (decrease) in cash and cash equivalents	(668)	662
Cash and cash equivalents - beginning of period	668	6
Cash and cash equivalents - end of period		668
Supplemental Cash Flow Disclosures
Cash paid for interest
Cash paid for income taxes
Non-cash financing transactions
Forgiveness of related party liabilities credited to additional paid in capital	70,260
Expenses paid by related party on behalf of the Company	$ 5,603

NATURE OF OPERATIONS AND BASIS

NATURE OF OPERATIONS AND BASIS OF PRESENTATION	12 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS AND BASIS OF PRESENTATION	NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION Perkins Oil & Gas, Inc. (“The Company”) was incorporated in the State of Nevada on May 25, 2012 and established a fiscal year end of June 30. The Company intends to engage in the exploration and development of oil and gas properties. The Company’s activities to date have been limited to organization and capital. The Company is currently looking for new wells. Basis of presentation In the opinion of management, the accompanying balance sheets and related interim statements of income, cash flows, and stockholders' equity include all adjustments, consisting only of normal recurring items, necessary for their fair presentation in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Certain prior-period amounts have been reclassified to conform to the current period presentation. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company continually evaluates its estimates and judgments. The Company bases its estimates and judgments on historical experience and other factors that it believes to be reasonable under the circumstances. Materially different results can occur as circumstances change and additional information becomes known, even for estimates and judgments that are not deemed critical. Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $0 and $668 in cash as at June 30, 2017 and June 30, 2016, respectively. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Basic Income (Loss) Per Share Basic income (loss) per share is calculated by dividing the Company's net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company's net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as at June 30, 2017 and 2016. Related Party Balances and Transactions The Company follows FASB ASC 850, “ Related Party Disclosures Fair Value of Financial Instruments The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures,” which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. The carrying amounts of our short and long term credit obligations approximate fair value because the effective yields on these obligations, which include contractual interest rates taken together with other features such as concurrent issuances of warrants and/or embedded conversion options, are comparable to rates of returns for instruments of similar credit risk. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 - quoted prices in active markets for identical assets or liabilities Level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 - inputs that are unobservable (for example cash flow modeling inputs based on assumptions) The recorded amounts of financial instruments, including cash equivalents, accounts payable, and notes payable approximate their market value as of June 30, 2017. Recent Accounting Pronouncements In August 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The new standard will make eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. The standard will be effective for the Company beginning January 1, 2018, with early application permitted. The standard will require adoption on a retrospective basis unless it is impracticable to apply, in which case we would be required to apply the amendments prospectively as of the earliest date practicable. In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The new standard requires financial assets measured at amortized cost be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The standard will be effective for the Company beginning January 1, 2020, with early application permitted. This standard is not expected to have a material impact on our financial position, results of operations or statement of cash flows upon adoption. In March 2016, the FASB issued ASU No. 2016-09, Compensation — Stock Compensation: Improvements to Employee Share-Based Payment Accounting In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 requires the lessee to recognize assets and liabilities for leases with lease terms of more than twelve months. For leases with a term of twelve months or less, the Company is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. Further, the lease requires a finance lease to recognize both an interest expense and an amortization of the associated expense. Operating leases generally recognize the associated expense on a straight line basis. ASU 2016-02 requires the Company to adopt the standard using a modified retrospective approach and adoption beginning on January 1, 2019. In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. This new standard provides guidance on how entities measure certain equity investments and present changes in the fair value. This standard requires that entities measure certain equity investments that do not result in consolidation and are not accounted for under the equity method at fair value and recognize any changes in fair value in net income. ASU 2016-01 is effective for fiscal years beginning after December 31, 2017. The Company has reviewed and analyzed the above recent accounting pronouncements, and notes no material impact on the financial statements as of June 30, 2017.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Jun. 30, 2017
Going Concern [Abstract]
GOING CONCERN	NOTE 2 – GOING CONCERN The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has a working capital deficit of $15,370 and an accumulated deficit of $133,131. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 3 – RELATED PARTY TRANSACTIONS During the year ended June 30, 2017, the Company received $8,000 and $1,000 from a related party that bears interest at 4% per annum and was to mature on September 28, 2018, and December 31, 2018, respectively. The total of $9,000 was subsequently forgiven during the year in conjunction with the forgiveness of $58,100 of promissory notes payable. During the year ended June 30, 2017, a total of $58,100 of principal promissory notes payable, the accrued interest of $4,227 and payables of $7,933 with various related parties were forgiven and credited to additional paid in capital. The amounts were forgiven by the former president and directors of the Company. During the year ended June 30, 2017, the Company’s Chief Executive Officer paid expenses on behalf of the company of $5,603. As of June 30, 2017, $5,603 is owed to this related party. As of June 30, 2017, there are no outstanding promissory notes payable or interest owed.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Jun. 30, 2017
Stockholders' Equity Attributable to Parent [Abstract]
STOCKHOLDERS' EQUITY	NOTE 4 – STOCKHOLDERS EQUITY The Company has authorized 75,000,000 shares with a par value $0.001 per share. As of June 30, 2017, the Company has 6,750,000 common shares issued and outstanding. During the year ended June 30, 2017, no shares were issued. During the year ended June 30, 2017, an amount of $72,360 was recorded as additional paid in capital related to debt and promissory notes payable that were forgiven by the former president and directors of the Company.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 5 – INCOME TAXES The Company did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because the Company has experienced operating losses for U.S. federal income tax purposes since inception. When it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit The Company has fully reserved the benefit from the tax loss carryforward as follows: June 30, June 30, 2017 2016 Net operating loss carryforward (133,131 ) (104,689 ) Tax Rate 34 % 34 % Tax benefit of net operating loss carryforward 45,264 35,594 Valuation allowance (45,264 ) (35,594 ) Deferred income tax asset $ - $ - The Company has approximately $133,131 of net operating losses (“NOL”) carried forward to offset taxable income in future years which expire commencing twenty years from when incurred. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all of the deferred tax assets relating to NOLs for every period because it is more likely than not that all of the deferred tax assets will not be realized. The Company is subject to audits by U.S. Internal Revenue Service ("IRS"), state, local and foreign tax authorities. Management believes that adequate provisions have been made for any adjustments that may result from tax examinations. However, the outcome of tax audits cannot be predicted with certainty. If any issues addressed in the Company's tax audits are resolved in a manner not consistent with management's expectations, the Company could be required to adjust its provision for income taxes in the period such resolution occurs.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 6 - SUBSEQUENT EVENTS The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and has determined that there are no events to disclose, other than disclosed below. On July 17, 2017, the Company received $10,000, and issued a demand promissory note for $10,000. The promissory note is due on demand, and bears interest at 50% per annum.

NATURE OF OPERATIONS AND BASI13

NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Policies)	12 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation In the opinion of management, the accompanying balance sheets and related interim statements of income, cash flows, and stockholders' equity include all adjustments, consisting only of normal recurring items, necessary for their fair presentation in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Certain prior-period amounts have been reclassified to conform to the current period presentation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company continually evaluates its estimates and judgments. The Company bases its estimates and judgments on historical experience and other factors that it believes to be reasonable under the circumstances. Materially different results can occur as circumstances change and additional information becomes known, even for estimates and judgments that are not deemed critical.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $0 and $668 in cash as at June 30, 2017 and June 30, 2016, respectively.
Income Taxes	Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.
Basic Income (Loss) Per Share	Basic Income (Loss) Per Share Basic income (loss) per share is calculated by dividing the Company's net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company's net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as at June 30, 2017 and 2016.
Related Party Balances and Transactions	Related Party Balances and Transactions The Company follows FASB ASC 850, “ Related Party Disclosures
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures,” which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. The carrying amounts of our short and long term credit obligations approximate fair value because the effective yields on these obligations, which include contractual interest rates taken together with other features such as concurrent issuances of warrants and/or embedded conversion options, are comparable to rates of returns for instruments of similar credit risk. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 - quoted prices in active markets for identical assets or liabilities Level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 - inputs that are unobservable (for example cash flow modeling inputs based on assumptions) The recorded amounts of financial instruments, including cash equivalents, accounts payable, and notes payable approximate their market value as of June 30, 2017.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The new standard will make eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. The standard will be effective for the Company beginning January 1, 2018, with early application permitted. The standard will require adoption on a retrospective basis unless it is impracticable to apply, in which case we would be required to apply the amendments prospectively as of the earliest date practicable. In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The new standard requires financial assets measured at amortized cost be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The standard will be effective for the Company beginning January 1, 2020, with early application permitted. This standard is not expected to have a material impact on our financial position, results of operations or statement of cash flows upon adoption. In March 2016, the FASB issued ASU No. 2016-09, Compensation — Stock Compensation: Improvements to Employee Share-Based Payment Accounting In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 requires the lessee to recognize assets and liabilities for leases with lease terms of more than twelve months. For leases with a term of twelve months or less, the Company is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. Further, the lease requires a finance lease to recognize both an interest expense and an amortization of the associated expense. Operating leases generally recognize the associated expense on a straight line basis. ASU 2016-02 requires the Company to adopt the standard using a modified retrospective approach and adoption beginning on January 1, 2019. In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. This new standard provides guidance on how entities measure certain equity investments and present changes in the fair value. This standard requires that entities measure certain equity investments that do not result in consolidation and are not accounted for under the equity method at fair value and recognize any changes in fair value in net income. ASU 2016-01 is effective for fiscal years beginning after December 31, 2017. The Company has reviewed and analyzed the above recent accounting pronouncements, and notes no material impact on the financial statements as of June 30, 2017.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Schedule of reserved the benefit from tax loss carryforward	June 30, June 30, 2017 2016 Net operating loss carryforward (133,131 ) (104,689 ) Tax Rate 34 % 34 % Tax benefit of net operating loss carryforward 45,264 35,594 Valuation allowance (45,264 ) (35,594 ) Deferred income tax asset $ - $ -

NATURE OF OPERATIONS AND BASI15

NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Detail Textuals) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Accounting Policies [Abstract]
Cash and cash equivalents	$ 668	$ 6

GOING CONCERN (Detail Textuals)

GOING CONCERN (Detail Textuals) - USD ($)	Jun. 30, 2017	Jun. 30, 2016
Going Concern [Abstract]
Working capital deficit	$ 15,370
Accumulated deficit	$ (133,131)	$ (104,689)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Detail Textuals)	12 Months Ended
	Jun. 30, 2017USD ($)
Related Party Transaction [Line Items]
Amount owed to related party	$ 5,603
Subsequently forgiven related to related party	9,000
Principle and interest due on September 28, 2018
Related Party Transaction [Line Items]
Principal amount of notes payable	$ 8,000
Interest rate on notes payable	4.00%
Principle and interest due on December 31, 2018
Related Party Transaction [Line Items]
Principal amount of notes payable	$ 1,000
Interest rate on notes payable	4.00%
Chief Executive Officer
Related Party Transaction [Line Items]
Expenses paid by related party on behalf of the Company	$ 5,603
Promissory Notes Payable
Related Party Transaction [Line Items]
Principal promissory notes payable	58,100
Amount of accrued interest forgiven	4,227
Notes payable to related party	$ 7,933

STOCKHOLDERS' EQUITY (Detail Te

STOCKHOLDERS' EQUITY (Detail Textuals) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Stockholders' Equity Attributable to Parent [Abstract]
Common stock, shares authorized	75,000,000	75,000,000
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares issued	6,750,000	6,750,000
Common stock, shares outstanding	6,750,000	6,750,000
Forgiveness of related party liabilities credited to additional paid in capital	$ 70,260

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Net operating loss carryforward	$ (133,131)	$ (104,689)
Tax Rate	34.00%	34.00%
Tax benefit of net operating loss carryforward	$ 45,264	$ 35,594
Valuation allowance	(45,264)	(35,594)
Deferred income tax asset	$ 0	$ 0

INCOME TAXES (Detail Textuals)

INCOME TAXES (Detail Textuals)	12 Months Ended
	Jun. 30, 2017USD ($)
Income Tax Disclosure [Abstract]
Net operating loss carryforward	$ 133,131
Operating loss carryforwards, expiration year	20 years

SUBSEQUENT EVENTS (Detail Textu

SUBSEQUENT EVENTS (Detail Textuals) - Subsequent Event - Promissory Notes Payable	Jul. 17, 2017USD ($)
Subsequent Event [Line Items]
Promissory note value	$ 10,000
Promissory note issue value	$ 10,000
Interest rate on notes payable	50.00%