Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Dec. 31, 2018 | Aug. 27, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Dec. 31, 2018 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2019 | |
Current Fiscal Year End Date | --06-30 | |
Entity File Number | 333-198524 | |
Entity Registrant Name | Frontera Group Inc. | |
Entity Central Index Key | 0001602813 | |
Entity Tax Identification Number | 46-4429598 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 701 S Carson Street | |
Entity Address, Address Line Two | Suite 200 | |
Entity Address, City or Town | Carson City | |
Entity Address, State or Province | NV | |
Entity Address, Postal Zip Code | 89701 | |
City Area Code | 909 | |
Local Phone Number | 374-5750 | |
Entity Current Reporting Status | No | |
Entity Interactive Data Current | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Elected Not To Use the Extended Transition Period | false | |
Entity Shell Company | true | |
Entity Common Stock, Shares Outstanding | 307,280,150 |
BALANCE SHEETS (Unaudited)
BALANCE SHEETS (Unaudited) - USD ($) | Dec. 31, 2018 | Jun. 30, 2018 |
Current Assets: | ||
Cash | $ 216 | |
Assets, Current | 216 | |
Assets | 0 | 216 |
Current Liabilities: | ||
Accounts payable | 18,357 | 15,573 |
Advance from officer | 10,713 | |
Total current liabilities | 18,357 | 26,286 |
Total liabilities | 18,357 | 26,286 |
Commitments and Contingencies | ||
Stockholders' Deficit: | ||
Common stock par value $0.00001 per share: 1,000,000,000 shares authorized, 307,280,150 shares issued and outstanding at December 31, 2018 and June 30, 2018 | 3,073 | 3,073 |
Additional paid-in capital | 125,300 | 125,300 |
Deficit | (146,730) | (154,443) |
Total Stockholders' (Deficit) | (18,357) | (26,070) |
Total Liabilities and Stockholders' (Deficit) | $ 0 | $ 216 |
BALANCE SHEETS (Unaudited) (Par
BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares | Dec. 31, 2018 | Jun. 30, 2018 |
Statement of Financial Position [Abstract] | ||
Common Stock, Par Value | $ 0.00001 | $ 0.00001 |
Common Stock, Shares Authorized | 1,000,000,000 | 1,000,000,000 |
Common Stock, Shares Issued | 307,280,150 | 307,280,150 |
Common Stock, Shares Outstanding | 307,280,150 | 307,280,150 |
STATEMENTS OF OPERATIONS (Unaud
STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | |
Income Statement [Abstract] | ||||
Revenue | ||||
Cost of Revenue | ||||
Gross Profit | ||||
Operating Expenses: | ||||
Professional Fees | 3,050 | 3,000 | 6,050 | |
General and administrative expenses and transfer agent fee | 550 | 1,150 | ||
Total operating expenses | 3,600 | 3,000 | 7,200 | |
Operating Loss | (3,600) | (3,000) | (7,200) | |
Other Income | 10,713 | 10,713 | ||
Income (Loss) Before Income Tax Provision | 10,713 | (3,600) | 7,713 | (7,200) |
Income Tax Provision | ||||
Net Loss | $ 10,713 | $ (3,600) | $ 7,713 | $ (7,200) |
Net Loss Per Common Share - Basic and Diluted | ||||
Weighted Average Common Shares Outstanding - Basic and Diluted | 307,280,150 | 307,280,062 | 307,280,150 | 307,280,016 |
STATEMENTS OF CASH FLOWS (Unaud
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 6 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Operating Activities: | ||
Net loss | $ 7,713 | $ (7,200) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Shares Issued for Consulting Services | 50 | |
Advance from Officer | (10,713) | |
Changes in Operating Assets and Liabilities: | ||
Accounts Payable | 2,784 | (2,459) |
Net Cash Used In Operating Activities | (216) | (9,609) |
Financing Activities: | ||
Contributions from CEO | 5,000 | |
Net Cash Provided by Financing Activities | 5,000 | |
Net Change in Cash | (216) | (4,609) |
Cash - Beginning of Period | 216 | 7,825 |
Cash - End of Period | $ 3,216 |
STATEMENTS OF STOCKHOLDERS' EQU
STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) | Common Stock | Additional Paid-In Capital | Retained Earnings | Total |
Beginning Balance at Jun. 30, 2017 | $ 3,073 | $ 115,975 | $ (134,136) | $ (15,088) |
Beginning Balance, Shares at Jun. 30, 2017 | 307,280,000 | |||
Net loss | (3,600) | (3,600) | ||
Ending Balance at Sep. 30, 2017 | $ 3,073 | 115,975 | (137,736) | (18,688) |
Ending Balance, Shares at Sep. 30, 2017 | 307,280,000 | |||
Beginning Balance at Jun. 30, 2017 | $ 3,073 | 115,975 | (134,136) | (15,088) |
Beginning Balance, Shares at Jun. 30, 2017 | 307,280,000 | |||
Shares issued for consulting services | 50 | |||
Contribution from CEO | 5,000 | |||
Net loss | (7,200) | |||
Ending Balance at Dec. 31, 2017 | $ 3,073 | 121,025 | (141,336) | (17,238) |
Ending Balance, Shares at Dec. 31, 2017 | 307,280,150 | |||
Beginning Balance at Sep. 30, 2017 | $ 3,073 | 115,975 | (137,736) | (18,688) |
Beginning Balance, Shares at Sep. 30, 2017 | 307,280,000 | |||
Shares issued for consulting services | 50 | 50 | ||
Shares issued for consulting services, Shares | 150 | |||
Contribution from CEO | 5,000 | 5,000 | ||
Net loss | (3,600) | (3,600) | ||
Ending Balance at Dec. 31, 2017 | $ 3,073 | 121,025 | (141,336) | (17,238) |
Ending Balance, Shares at Dec. 31, 2017 | 307,280,150 | |||
Beginning Balance at Jun. 30, 2018 | $ 3,073 | 125,300 | (154,443) | (26,070) |
Beginning Balance, Shares at Jun. 30, 2018 | 307,280,150 | |||
Net loss | (3,000) | (3,000) | ||
Ending Balance at Sep. 30, 2018 | $ 3,073 | 125,300 | (157,443) | (29,070) |
Ending Balance, Shares at Sep. 30, 2018 | 307,280,150 | |||
Beginning Balance at Jun. 30, 2018 | $ 3,073 | 125,300 | (154,443) | (26,070) |
Beginning Balance, Shares at Jun. 30, 2018 | 307,280,150 | |||
Shares issued for consulting services | ||||
Contribution from CEO | ||||
Net loss | 7,713 | |||
Ending Balance at Dec. 31, 2018 | $ 3,073 | 125,300 | (146,730) | (18,357) |
Ending Balance, Shares at Dec. 31, 2018 | 307,280,150 | |||
Beginning Balance at Sep. 30, 2018 | $ 3,073 | 125,300 | (157,443) | (29,070) |
Beginning Balance, Shares at Sep. 30, 2018 | 307,280,150 | |||
Net loss | 10,713 | 10,713 | ||
Ending Balance at Dec. 31, 2018 | $ 3,073 | $ 125,300 | $ (146,730) | $ (18,357) |
Ending Balance, Shares at Dec. 31, 2018 | 307,280,150 |
Organization and Operations
Organization and Operations | 6 Months Ended |
Dec. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Operations | Note 1 – Organization and Operations Frontera Group Inc. (the “Company”) was incorporated under the laws of the State of Nevada on November 21, 2013, Frontera Group Inc. was created to be an export management company providing business development and market consultancy services that assist small and medium-sized businesses in entering new markets in Central and South America. The Company currently has no operations and is a shell company. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Note 2 – Summary of Significant Accounting Policies Basis of Presentation – Unaudited Interim Financial Information The accompanying unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (“SEC”) to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These unaudited interim financial statements should be read in conjunction with the financial statements of the Company for the year ended June 30, 2018 and notes thereto contained in the information as part of the Company’s Annual Report on Form 10-K, which was filed with the SEC on November 23, 2018. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. As of June 30, 2019, the Company had no cash or cash equivalents. As of June 30, 2018, the Company had $216 of cash and no cash equivalents. Use of Estimates and Assumptions and Critical Accounting Estimates and Assumptions Earnings (loss) per Share Earnings (loss) per share is the amount of earnings (loss) attributable to each share of common stock. Earnings (loss) per share ("EPS") is computed pursuant to section 260-10-45 of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). Pursuant to ASC Paragraphs 260-10-45-10 through 260-10-45-16, basic EPS is computed by dividing the net income (loss) available to common stockholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) during the period. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential dilutive common shares had been issued during the period to reflect the potential dilution that could occur from common shares issuable through contingent share issuance arrangements, stock options or warrants. When the Company has a loss, potential dilutive shares are not included as they would be anti-dilutive. There were no potentially dilutive debt or equity instruments issued and outstanding at any time during the three or six months ended December 31, 2018 and 2017. Income Taxes The Company accounts for income taxes in accordance with the FASB ASC Section 740, “Income Taxes” (“ASC 740”), which requires the recognition of deferred income taxes for differences between the basis of assets and liabilities for financial statement and income tax purposes. Deferred tax assets and liabilities represent the future tax consequences for those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Deferred tax assets are also recognized for operating losses that are available to offset future taxable income. A valuation allowance is established when necessary to reduce deferred tax assets to the amount expected to be realized. The Company accounts for uncertain tax positions in accordance with ASC Section 740-10, which prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The guidance also prescribes direction on de-recognition, classification, and accounting for interest and payables in the financial statements. The Company classifies interest expense and any related penalties related to income tax uncertainties as a component of income tax expense. No interest or penalties have been recognized as of June 30, 2019 and 2018. The Company does not expect any significant changes in unrecognized tax benefits within twelve months of the reporting date. Subsequent Events The Company follows the guidance in Section 855-10-50 of the FASB ASC for the disclosure of subsequent events. The Company evaluates subsequent events through the date when the financial statements are issued. Pursuant to Accounting Standards Update (“ASU”) 2010-09, Subsequent Events (Topic 855): Amendments to Certain Recognition and Disclosure Requirements Recently Issued Accounting Pronouncements Management has evaluated Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2014-09, Topic 606 – Revenue from Contracts with Customers and FASB ASI 2016-02, Topic 842 – Leases, and determined that at the present time these new standards do not affect The Company, but may in the future if operations are resumed. Management does not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, will have a material effect on the accompanying financial statements. |
Going Concern
Going Concern | 6 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Going Concern | Note 3 – Going Concern As reflected in the accompanying financial statements, the Company had an accumulated deficit as of December 31, 2018, and has no operating cash to pay its liabilities. Management has determined that these factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company is attempting to commence operations and generate sufficient revenue; however, the Company’s cash position is not sufficient to support the Company’s daily operations. Management intends to raise additional funds by way of a private or public offering. While the Company believes in the viability of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds by way of a public or private offering. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary if the Company is unable to continue as a going concern. |
Income Tax Provision
Income Tax Provision | 6 Months Ended |
Dec. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 4 – Income Tax Provision Deferred Tax Assets As of December 31, 2018, and June 30, 2018, the Company had net operating loss (“NOL”) carry–forwards for Federal income tax purposes of $157,443 and $154,443, respectively, that may be offset against future taxable income which begin to expire in 2038. No tax benefit has been reported with respect to these NOL carry-forwards in the accompanying financial statements because the Company believes that the realization of the Company’s net deferred tax assets was not considered more likely than not and accordingly, the potential tax benefits of the NOL carry-forwards are fully offset by a full valuation allowance. The provision (benefit) for income taxes consisted of the following for the three and six months ended December 31, 2018 and 2017: Three Months Ended December 31, Six Months Ended December 31, 2018 2017 2018 2017 Adjustment due to enacted tax rate change $ $ 17,438 $ $ 17,438 Deferred (756 ) (630 ) (1,512 ) Change in valuation allowance (16,682 ) 630 (15,926 ) Income tax provision (benefit) $ $ $ $ The following table reconciles the effective income tax rates with the statutory rates for the three months ended September 30, 2018 and 2017: Three Months Ended December 31, Six Months Ended December 31, 2018 2017 2018 2017 U.S. federal statutory rate 21.0 % 21.0 % 21.0 % 21.0 % Change in valuation allowance (21.0 %) (21.0 %) (21.0 %) (21.0 %) Effective income tax rate % % % % Deferred tax assets (liabilities) are comprised of the following: December 31, 2018 June 30, 2018 Net operating loss carryforwards $ 30,813 $ 32,433 Valuation allowance (30,813 ) (32,433 ) Net deferred tax assets $ $ Deferred tax assets consist primarily of the tax effect of NOL carry-forwards. The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding its realizability. We follow ASC 740 Accounting for Uncertainty in Income Taxes. Our policy is to recognize potential interest and penalties accrued related to unrecognized tax benefits within income tax expense. For the three and six months ended December 31, 2018 and 2017, we did not recognize any interest or penalties in our statement of operations, nor did we have any interest or penalties accrued in our balance sheet at December 31, 2018 and June 30, 2018 relating to unrecognized tax benefits. The tax years ended June 30, 2015, 2016 and 2017 remain open to examination for federal income tax purposes and by the other major taxing jurisdictions to which we are subject. |
Related Party Transactions
Related Party Transactions | 6 Months Ended |
Dec. 31, 2018 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Note 5 – Related Party Transactions The following table sets forth certain information regarding beneficial ownership of our common stock as of December 31, 2018: by each person or entity known by us to beneficially own more than five percent (5%) of any class of our outstanding shares. There are no shares held by our directors or Named Executive Officers. As of December 31, 2018, there were 307,280,150 shares of our common stock outstanding: Title of Class Name of Beneficial Owner Directors and Officers: Amount and Nature of Beneficial Ownership Percentage of Beneficial Ownership Common Nanjing Dayu Xianneng Food Co, Ltd 200,000,000 65.09 % Jiefeng Ren 16th Floor, Lianchuang Plaza Nanjing, Jiangsu Province China 100,000,000 32.54 % Total 300,000,000 97.63 % (1) Applicable percentage of ownership is based on 307,280,150 shares of common stock outstanding on August 27, 2021. Percentage ownership is determined based on shares owned together with securities exercisable or convertible into shares of common stock within 60 days of August 27, 2021, for each stockholder. Beneficial ownership is determined in accordance with the rules of the SEC and generally includes voting or investment power with respect to securities. Shares of common stock subject to securities exercisable or convertible into shares of common stock that are currently exercisable or exercisable within 60 days of August 27, 2021, are deemed to be beneficially owned by the person holding such securities for the purpose of computing the percentage of ownership of such person, but are not treated as outstanding for the purpose of computing the percentage ownership of any other person. Our common stock is our only issued and outstanding class of securities eligible to vote. |
Subsequent Events
Subsequent Events | 6 Months Ended |
Dec. 31, 2018 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 6 – Subsequent Events The Company has evaluated all events that occurred after the balance sheet date through the date when the financial statements were issued to determine if they must be reported. The Management of the Company determined that there were no reportable subsequent events to be disclosed. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation – Unaudited Interim Financial Information The accompanying unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (“SEC”) to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These unaudited interim financial statements should be read in conjunction with the financial statements of the Company for the year ended June 30, 2018 and notes thereto contained in the information as part of the Company’s Annual Report on Form 10-K, which was filed with the SEC on November 23, 2018. |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. As of June 30, 2019, the Company had no cash or cash equivalents. As of June 30, 2018, the Company had $216 of cash and no cash equivalents. |
Use of Estimates and Assumptions and Critical Accounting Estimates and Assumptions | Use of Estimates and Assumptions and Critical Accounting Estimates and Assumptions |
Earnings (loss) per Share | Earnings (loss) per Share Earnings (loss) per share is the amount of earnings (loss) attributable to each share of common stock. Earnings (loss) per share ("EPS") is computed pursuant to section 260-10-45 of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). Pursuant to ASC Paragraphs 260-10-45-10 through 260-10-45-16, basic EPS is computed by dividing the net income (loss) available to common stockholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) during the period. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential dilutive common shares had been issued during the period to reflect the potential dilution that could occur from common shares issuable through contingent share issuance arrangements, stock options or warrants. When the Company has a loss, potential dilutive shares are not included as they would be anti-dilutive. There were no potentially dilutive debt or equity instruments issued and outstanding at any time during the three or six months ended December 31, 2018 and 2017. |
Income Taxes | Income Taxes The Company accounts for income taxes in accordance with the FASB ASC Section 740, “Income Taxes” (“ASC 740”), which requires the recognition of deferred income taxes for differences between the basis of assets and liabilities for financial statement and income tax purposes. Deferred tax assets and liabilities represent the future tax consequences for those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Deferred tax assets are also recognized for operating losses that are available to offset future taxable income. A valuation allowance is established when necessary to reduce deferred tax assets to the amount expected to be realized. The Company accounts for uncertain tax positions in accordance with ASC Section 740-10, which prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The guidance also prescribes direction on de-recognition, classification, and accounting for interest and payables in the financial statements. The Company classifies interest expense and any related penalties related to income tax uncertainties as a component of income tax expense. No interest or penalties have been recognized as of June 30, 2019 and 2018. The Company does not expect any significant changes in unrecognized tax benefits within twelve months of the reporting date. |
Subsequent Events | Subsequent Events The Company follows the guidance in Section 855-10-50 of the FASB ASC for the disclosure of subsequent events. The Company evaluates subsequent events through the date when the financial statements are issued. Pursuant to Accounting Standards Update (“ASU”) 2010-09, Subsequent Events (Topic 855): Amendments to Certain Recognition and Disclosure Requirements |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements Management has evaluated Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2014-09, Topic 606 – Revenue from Contracts with Customers and FASB ASI 2016-02, Topic 842 – Leases, and determined that at the present time these new standards do not affect The Company, but may in the future if operations are resumed. Management does not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, will have a material effect on the accompanying financial statements. |
Income Tax Provision (Tables)
Income Tax Provision (Tables) | 6 Months Ended |
Dec. 31, 2018 | |
Disclosure Income Tax Provision Tables Abstract | |
Schedule of income tax expense (benefit) | The provision (benefit) for income taxes consisted of the following for the three and six months ended December 31, 2018 and 2017: Three Months Ended December 31, Six Months Ended December 31, 2018 2017 2018 2017 Adjustment due to enacted tax rate change $ $ 17,438 $ $ 17,438 Deferred (756 ) (630 ) (1,512 ) Change in valuation allowance (16,682 ) 630 (15,926 ) Income tax provision (benefit) $ $ $ $ |
Schedule of Effective Income Tax Rate Reconciliation | The following table reconciles the effective income tax rates with the statutory rates for the three months ended September 30, 2018 and 2017: Three Months Ended December 31, Six Months Ended December 31, 2018 2017 2018 2017 U.S. federal statutory rate 21.0 % 21.0 % 21.0 % 21.0 % Change in valuation allowance (21.0 %) (21.0 %) (21.0 %) (21.0 %) Effective income tax rate % % % % |
Schedule of deferred tax assets and liabilities | Deferred tax assets (liabilities) are comprised of the following: December 31, 2018 June 30, 2018 Net operating loss carryforwards $ 30,813 $ 32,433 Valuation allowance (30,813 ) (32,433 ) Net deferred tax assets $ $ |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 6 Months Ended |
Dec. 31, 2018 | |
Disclosure Related Party Transactions Tables Abstract | |
Schedule of Common Stock Outstanding | As of December 31, 2018, there were 307,280,150 shares of our common stock outstanding: Title of Class Name of Beneficial Owner Directors and Officers: Amount and Nature of Beneficial Ownership Percentage of Beneficial Ownership Common Nanjing Dayu Xianneng Food Co, Ltd 200,000,000 65.09 % Jiefeng Ren 16th Floor, Lianchuang Plaza Nanjing, Jiangsu Province China 100,000,000 32.54 % Total 300,000,000 97.63 % |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Details) - USD ($) | Dec. 31, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Jun. 30, 2017 |
Summary Of Significant Accounting Policies | ||||
Cash | $ 216 | $ 3,216 | $ 7,825 |
Income Tax Provision (Details)
Income Tax Provision (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Income Tax Provision Details Abstract | ||||
Adjustment due to enacted tax rate change | $ 17,438 | $ 17,438 | ||
Deferred | (756) | (630) | (1,512) | |
Change in valuation allowance | (16,682) | 630 | (15,926) | |
Income tax provision (benefit) |
Income Tax Provision (Details 2
Income Tax Provision (Details 2) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Income Tax Provision Details 2Abstract | ||||
U.S. federal statutory rate | 21.00% | 21.00% | 21.00% | 21.00% |
Change in valuation allowance | (21.00%) | (21.00%) | (21.00%) | (21.00%) |
Effective income tax rate | 0.00% | 0.00% | 0.00% | 0.00% |
Income Tax Provision (Details 3
Income Tax Provision (Details 3) - USD ($) | Dec. 31, 2018 | Jun. 30, 2018 |
Disclosure Income Tax Provision Details 3Abstract | ||
Net operating loss carryforwards | $ 30,813 | $ 32,433 |
Valuation allowance | (30,813) | (32,433) |
Net deferred tax assets |
Income Tax Provision (Details N
Income Tax Provision (Details Narrative) - USD ($) | Dec. 31, 2018 | Jun. 30, 2018 |
Disclosure Income Tax Provision Details Narrative Abstract | ||
Federal Net Operating Loss Carryforward | $ 157,443 | $ 154,443 |
Related Party Transactions (Det
Related Party Transactions (Details) - shares | Dec. 31, 2018 | Jun. 30, 2018 |
Common Stock Outstanding | 307,280,150 | 307,280,150 |
Nanjing Dayu Xianneng Food Co, Ltd [Member] | ||
Common Stock Outstanding | 200,000,000 | |
Jiefeng Ren [Member] | ||
Common Stock Outstanding | 100,000,000 | |
Related Party [Member] | ||
Common Stock Outstanding | 300,000,000 |