Cover
Cover - USD ($) | 12 Months Ended | ||
May 31, 2022 | Sep. 12, 2022 | Nov. 30, 2021 | |
Cover [Abstract] | |||
Document Type | 10-K/A | ||
Amendment Flag | true | ||
Amendment Description | to provide a conformed signature on the Audit Report and new certifications | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | May 31, 2022 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2022 | ||
Current Fiscal Year End Date | --05-31 | ||
Entity File Number | 000-56184 | ||
Entity Registrant Name | PERK INTERNATIONAL, INC. | ||
Entity Central Index Key | 0001579717 | ||
Entity Tax Identification Number | 46-2622704 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Address, Address Line One | 2375 East Camelback Rd. | ||
Entity Address, Address Line Two | Suite 600 | ||
Entity Address, City or Town | Phoenix | ||
Entity Address, State or Province | AZ | ||
Entity Address, Postal Zip Code | 85016 | ||
City Area Code | (602) | ||
Local Phone Number | 358-7505 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | No | ||
Entity Interactive Data Current | No | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 960,711 | ||
Entity Common Stock, Shares Outstanding | 227,203,331 | ||
Auditor Firm ID | 3223 | ||
Auditor Name | AJSH & Co LLP | ||
Auditor Location | New Delhi, India |
Balance Sheets
Balance Sheets - USD ($) | May 31, 2022 | May 31, 2021 |
Current Assets: | ||
Cash | $ 703 | $ 28,934 |
Prepaid consulting | 20,710 | 0 |
Total Assets | 21,413 | 28,934 |
Current Liabilities: | ||
Accounts payable and accruals | 733 | 29,755 |
Accrued interest | 40,486 | 22,022 |
Due to related parties | 35,095 | 9,163 |
Notes payable | 91,749 | 91,749 |
Total Current Liabilities | 168,063 | 152,689 |
Note payable | 150,000 | 0 |
Total Liabilities | 318,063 | 152,689 |
Commitments and contingencies | ||
Stockholders' Deficit: | ||
Common Stock, par value $0.001, 950,000,000 and 250,000,000 shares authorized, respectively; 227,203,331 and 227,203,331 shares issued and outstanding, respectively | 22,720 | 22,720 |
Additional paid-in capital | 1,028,408 | 1,028,408 |
Accumulated deficit | (1,347,778) | (1,174,883) |
Total Stockholders' Deficit | (296,650) | (123,755) |
Total Liabilities and Stockholders' Deficit | $ 21,413 | $ 28,934 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | May 31, 2022 | May 31, 2021 |
Statement of Financial Position [Abstract] | ||
Common Stock Par or State Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 950,000,000 | 250,000,000 |
Common Stock, Shares, Issued | 227,203,331 | 227,203,331 |
Common Stock, Shares, Outstanding | 227,203,331 | 227,203,331 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
May 31, 2022 | May 31, 2021 | |
Operating Expenses: | ||
General and administrative | $ 144,431 | $ 20,744 |
Professional fees | 10,000 | 36,920 |
Total operating expenses | 154,431 | 57,664 |
Loss from operations | (154,431) | (57,664) |
Other income (expense): | ||
Interest expense | (18,464) | (7,902) |
Gain on extinguishment of debt | 0 | 433,607 |
Total other (expense) income | (18,464) | 425,705 |
Net (loss) income before provision for income tax | (172,895) | 368,041 |
Provision for income tax | 0 | 0 |
Net (Loss) Income | $ (172,895) | $ 368,041 |
Statements of Operations (Paren
Statements of Operations (Parenthetical) - $ / shares | 12 Months Ended | |
May 31, 2022 | May 31, 2021 | |
Income Statement [Abstract] | ||
Earnings Per Share, Basic | $ 0 | $ 0 |
Earnings Per Share, Diluted | $ 0 | $ 0 |
Weighted Average Number of Shares Outstanding, Basic | 227,203,331 | 227,203,331 |
Weighted Average Number of Shares Outstanding, Diluted | 227,203,331 | 227,203,331 |
Statements of Stockholders' Def
Statements of Stockholders' Deficit - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at May. 31, 2019 | $ 22,720 | $ 1,028,408 | $ (1,542,924) | $ (491,796) |
Net income | 0 | 0 | 368,041 | 368,041 |
Ending balance, value at May. 31, 2021 | $ 22,720 | 1,028,408 | (1,174,883) | (123,755) |
Shares, Outstanding, Ending Balance at May. 31, 2021 | 227,203,331 | |||
Shares, Outstanding, Beginning Balance at May. 31, 2020 | 227,203,331 | |||
Net income | 368,041 | |||
Ending balance, value at May. 31, 2021 | $ 22,720 | 1,028,408 | (1,174,883) | (123,755) |
Shares, Outstanding, Ending Balance at May. 31, 2021 | 227,203,331 | |||
Net income | $ 0 | 0 | (172,895) | (172,895) |
Ending balance, value at May. 31, 2022 | $ 22,720 | $ 1,028,408 | $ (1,347,778) | $ (296,650) |
Shares, Outstanding, Ending Balance at May. 31, 2022 | 227,203,331 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | 24 Months Ended | |
May 31, 2022 | May 31, 2021 | May 31, 2021 | |
Cash flows from operating activities: | |||
Net (Loss) Income | $ (172,895) | $ 368,041 | $ 368,041 |
Adjustments to reconcile net loss to net cash used in operating activities: | |||
Gain on extinguishment of debt | 0 | (433,607) | |
Changes in operating assets and liabilities: | |||
Prepaid | (20,710) | 0 | |
Accounts payable | (29,755) | 25,985 | |
Accrued interest | 19,197 | 8,902 | |
Net cash used in operating activities | (204,163) | (30,679) | |
Cash flows from investing activities: | 0 | 0 | |
Cash flows from financing activities: | |||
Cash advances from a related party | 25,932 | 7,613 | |
Proceeds from note payable | 150,000 | 52,000 | |
Net cash provided by financing activities | 175,932 | 59,613 | |
Net change in cash | (28,231) | 28,934 | |
Cash, beginning of year | 28,934 | 0 | |
Cash, end of year | 703 | 28,934 | $ 28,934 |
Supplemental disclosure of cash flow information: | |||
Cash paid for taxes | 0 | 0 | |
Cash paid for interest | $ 0 | $ 0 |
ORGANIZATION AND DESCRIPTION OF
ORGANIZATION AND DESCRIPTION OF BUSINESS | 12 Months Ended |
May 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Perk International Inc. (“the Company” or “Perk”) was incorporated under the laws of the State of Nevada on April 10, 2013. The Company is an acquisition, sales management company for early stage, high growth businesses and technologies in the health care industry. The Company has developed specific criteria and standards that must be met by each acquisition candidate. Once identified, the Company will engage its highly seasoned and well-trained team of industry professionals to perform thorough due diligence on the potential acquisition partner. Following successful due diligence, Perk will send in its M & A team to structure and present an attractive proposal to the selling entity. On February 22, 2019, Marcus Southworth became, President, Secretary, Treasurer and Director of Perk International Inc. On April 27, 2020, Certification and Notice of Termination of Registration Under Section 12(g) of The Securities Exchange Act of 1934 of Duty to File Reports Under Sections 13 and 15 (d) of the Securities Exchange Act of 1934. On April 30, 2020 Marcus resigned from, President, Secretary, Treasurer and Director of Perk International Inc. Mr. Southworth no longer holds any officer position with Perk International Inc. On April 30, 2020, Nelson Grist became the sole director of Perk International Inc. On April 13, 2021, the Company filed its Form 10 (Amendment No. 7). |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
May 31, 2022 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates. Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. At times, such deposits may be in excess of the Federal Deposit Insurance Corporation insurable amount (“FDIC”). Cash equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no Fair value of financial instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at May 31, 2022 and 2021. Basic and Diluted Earnings Per Share Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. There were no Stock-based compensation We account for equity-based transactions with employees and non-employees under the provisions of FASB ASC Topic 718, “Compensation – Stock Compensation” (Topic 718) Recently Adopted Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)—Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. Derivatives and Hedging Derivatives and Hedging—Contracts in Entity’s Own Equity The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
May 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 3 – GOING CONCERN The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not established any source of revenue to cover its operating costs. The Company has an accumulated deficit of $ 1,347,778 146,650 1,174,883 123,755 |
ACCOUNTS PAYABLE
ACCOUNTS PAYABLE | 12 Months Ended |
May 31, 2022 | |
Payables and Accruals [Abstract] | |
ACCOUNTS PAYABLE | NOTE 4 – ACCOUNTS PAYABLE During the year ended May 31, 2021, accounts payable of $ 339,549 |
NOTES PAYABLE
NOTES PAYABLE | 12 Months Ended |
May 31, 2022 | |
Debt Disclosure [Abstract] | |
NOTES PAYABLE | NOTE 5 – NOTES PAYABLE On November 3, 2016, the Company received a $ 25,000 24,452 18,202 On May 2, 2019, the Company executed a promissory note with Kim Southworth in the amount of $ 14,749 2,904 1,905 On December 16, 2020, the Company received a $ 12,000 , 2022 and 2021 1,746 546 On March 17, 2021, the Company received a $ 10,000 , 2022 and 2021 2,205 1,205 On May 11, 2021, the Company received a $ 30,000 , 2022 and 2021 3,164 164 On January 17, 2022, the Company issued a Convertible Promissory Note to a third party in the amount of $ 100,000 3,671 On April 5, 2022, the Company issued a Convertible Promissory Note to a third party in the amount of $ 50,000 2,342 |
COMMON STOCK
COMMON STOCK | 12 Months Ended |
May 31, 2022 | |
Equity [Abstract] | |
COMMON STOCK | NOTE 6 – COMMON STOCK On March 17, 2021, the Company amended its Articles of Incorporation increasing its authorized common stock from 250,000,000 to 950,000,000 shares. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
May 31, 2022 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 7 – RELATED PARTY TRANSACTIONS During the year ended May 31, 2021, the payable to a former related party of $ 22,790 As of May 31, 2022 and 2021, the Company owed the CEO $ 35,095 9,163 |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
May 31, 2022 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 8 – INCOME TAXES Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company has evaluated Staff Accounting Bulletin No. 118 regarding the impact of the decreased tax rates of the Tax Cuts & Jobs Act. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The U.S. federal income tax rate of 21% is being used. Net deferred tax assets consist of the following components as of May 31: Schedule of deferred tax assets 2022 2021 Deferred tax assets: NOL Carryover $ (3,500 ) $ 1,100 Related Party Accruals 9,100 2,400 Less: valuation allowance (5,600 ) (3,500 ) Net deferred tax asset $ – $ – The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the period ended May 31, due to the following: 2022 2021 Deferred Tax Assets: Book (Loss) Income $ (36,300 ) $ 77,300 Related Party Accruals 5,400 (3,200 ) Meals 600 – Other nondeductible expenses – (91,100 ) Less valuation allowance 30,300 17,000 Income tax provision $ – $ – At May 31, 2022, the Company had net operating loss carry forwards of approximately $ 9,000 Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards for Federal Income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for years before 2016. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
May 31, 2022 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 9 – SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements other than the following. On May 31, 2022, the Company entered into a Sale of LLC Interest Agreement in which it agreed to purchase 100% of the interest in Alexa Mar Wellness Retreat LLC for $90,000. The initial payment of $50,000 was made on June 1, 2022, with the remaining $40,000 to be paid over the next five months per the terms of the agreement. On May 27, 2022, the Company issued a Promissory Note to Canadian Holdings, Inc, in the amount of $150,000. The Note was funded on June 1, 2022. The Note bears interest at 18% and is due on December 31, 2022. In conjunction with the finding of the note the Company will issue 3,000,000 shares of common stock to the lender. On June 2, 2022, the Company issued a Convertible Promissory Note to Mechtech Industrial (Asia) Limited, in the amount of $56,250, with an OID of $6,250, receiving $50,000. The Note bears interest at 10% and matures in one year. The balance and all accrued interest may be converted into shares of common stock at $0.0005 per share. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
May 31, 2022 | |
Accounting Policies [Abstract] | |
Basis of presentation | Basis of presentation The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). |
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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates. |
Concentrations of Credit Risk | Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. At times, such deposits may be in excess of the Federal Deposit Insurance Corporation insurable amount (“FDIC”). |
Cash equivalents | Cash equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no |
Fair value of financial instruments | Fair value of financial instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at May 31, 2022 and 2021. |
Basic and Diluted Earnings Per Share | Basic and Diluted Earnings Per Share Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. There were no |
Stock-based compensation | Stock-based compensation We account for equity-based transactions with employees and non-employees under the provisions of FASB ASC Topic 718, “Compensation – Stock Compensation” (Topic 718) |
Recently Adopted Accounting Pronouncements | Recently Adopted Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)—Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. Derivatives and Hedging Derivatives and Hedging—Contracts in Entity’s Own Equity The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
May 31, 2022 | |
Income Tax Disclosure [Abstract] | |
Schedule of deferred tax assets | Schedule of deferred tax assets 2022 2021 Deferred tax assets: NOL Carryover $ (3,500 ) $ 1,100 Related Party Accruals 9,100 2,400 Less: valuation allowance (5,600 ) (3,500 ) Net deferred tax asset $ – $ – |
INCOME TAXES (Details - Income tax provision | 2022 2021 Deferred Tax Assets: Book (Loss) Income $ (36,300 ) $ 77,300 Related Party Accruals 5,400 (3,200 ) Meals 600 – Other nondeductible expenses – (91,100 ) Less valuation allowance 30,300 17,000 Income tax provision $ – $ – |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 12 Months Ended | |
May 31, 2022 | May 31, 2021 | |
Accounting Policies [Abstract] | ||
Cash Equivalents, at Carrying Value | $ 0 | $ 0 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 0 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | May 31, 2022 | May 31, 2021 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Retained Earnings (Accumulated Deficit) | $ 1,347,778 | $ 1,174,883 |
Working Capital | $ 146,650 | $ 123,755 |
ACCOUNTS PAYABLE (Details Narra
ACCOUNTS PAYABLE (Details Narrative) - USD ($) | 12 Months Ended | |
May 31, 2022 | May 31, 2021 | |
Extinguishment of Debt [Line Items] | ||
Gain Loss on Extinguishment of Debt | $ 0 | $ 433,607 |
Accounts Payable [Member] | ||
Extinguishment of Debt [Line Items] | ||
Gain Loss on Extinguishment of Debt | $ 339,549 |
NOTES PAYABLE (Details Narrativ
NOTES PAYABLE (Details Narrative) - USD ($) | May 31, 2022 | Apr. 05, 2022 | Jan. 17, 2022 | May 31, 2021 | May 11, 2021 | Mar. 17, 2021 | Dec. 16, 2020 | May 02, 2019 | Nov. 03, 2016 |
Notes Payable 1 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt Instrument, Face Amount | $ 25,000 | ||||||||
Interest Payable | $ 24,452 | $ 18,202 | |||||||
Notes Payable 2 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt Instrument, Face Amount | $ 14,749 | ||||||||
Interest Payable | 2,904 | 1,905 | |||||||
Notes Payable 3 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt Instrument, Face Amount | $ 12,000 | ||||||||
Interest Payable | 1,746 | 546 | |||||||
Notes Payable 4 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt Instrument, Face Amount | $ 10,000 | ||||||||
Interest Payable | 2,205 | 1,205 | |||||||
Notes Payable 5 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt Instrument, Face Amount | $ 30,000 | ||||||||
Interest Payable | 3,164 | $ 164 | |||||||
Notes Payable 6 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt Instrument, Face Amount | $ 100,000 | ||||||||
Interest Payable | 3,671 | ||||||||
Notes Payable 7 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt Instrument, Face Amount | $ 50,000 | ||||||||
Interest Payable | $ 2,342 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 12 Months Ended | |
May 31, 2022 | May 31, 2021 | |
Related Party Transaction [Line Items] | ||
Gain (Loss) on Extinguishment of Debt | $ 0 | $ 433,607 |
Chief Executive Officer [Member] | ||
Related Party Transaction [Line Items] | ||
Due to Related Parties | $ 35,095 | 9,163 |
Related Party 1 [Member] | ||
Related Party Transaction [Line Items] | ||
Gain (Loss) on Extinguishment of Debt | $ 22,790 |
INCOME TAXES (Details - Deferre
INCOME TAXES (Details - Deferred Tax Assets) - USD ($) | May 31, 2022 | May 31, 2021 |
Deferred tax assets: | ||
NOL Carryover | $ (3,500) | $ 1,100 |
Related Party Accruals | 9,100 | 2,400 |
Less: valuation allowance | (5,600) | (3,500) |
Net deferred tax asset | $ 0 | $ 0 |
INCOME TAXES (Details - Income
INCOME TAXES (Details - Income tax provision - USD ($) | 12 Months Ended | |
May 31, 2022 | May 31, 2021 | |
Deferred Tax Assets: | ||
Book (Loss) Income | $ (36,300) | $ 77,300 |
Related Party Accruals | 5,400 | (3,200) |
Meals | 600 | 0 |
Other nondeductible expenses | 0 | (91,100) |
Less valuation allowance | 30,300 | 17,000 |
Income tax provision | $ 0 | $ 0 |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) | May 31, 2022 USD ($) |
Income Tax Disclosure [Abstract] | |
Operating Loss Carryforwards | $ 9,000 |