| Document and Entity Information - shares | 6 Months Ended | |
| Nov. 30, 2016 | Jan. 11, 2017 | |
| Document And Entity Information | ||
| Entity Registrant Name | FUTURE WORLD GROUP, INC. | |
| Entity Central Index Key | 1,616,156 | |
| Document Type | 10-Q | |
| Document Period End Date | Nov. 30, 2016 | |
| Amendment Flag | false | |
| Current Fiscal Year End Date | --05-31 | |
| Entity Filer Category | Smaller Reporting Company | |
| Entity Common Stock, Shares Outstanding | 8,130,000 | |
| Document Fiscal Period Focus | Q2 | |
| Document Fiscal Year Focus | 2,017 |
| BALANCE SHEETS - USD ($) | Nov. 30, 2016 | May 31, 2016 |
| Current Assets | ||
| Cash | $ 878,710 | $ 46,755 |
| Total current assets | 878,710 | 46,755 |
| Total Assets | 878,710 | 46,755 |
| Current Liabilities | ||
| Accrued interest, related party | 34,584 | |
| Due to a related party | 174,152 | 124,653 |
| Total Current Liabilities | 208,736 | 124,653 |
| Long Term Liabilities: | ||
| Convertible Notes Payable - Related Party | 3,000,000 | |
| Total Liabilities | 3,208,736 | 124,653 |
| Stockholders' Equity: | ||
| Preferred stock, par value $0.001; 50,000,000 shares authorized, no shares issued and outstanding | ||
| Common stock, par value $0.001; 250,000,000 shares authorized, 8,130,000 and 8,130,000 shares issued and outstanding; respectively | 8,130 | 8,130 |
| Additional paid in capital | 27,662 | 27,661 |
| Accumulated deficit | (2,365,818) | (113,689) |
| Total Stockholders' Equity (Deficit) | (2,330,026) | (77,898) |
| Total Liabilities and Stockholders' Equity (Deficit) | $ 878,710 | $ 46,755 |
| BALANCE SHEETS (Parenthetical) - $ / shares | Nov. 30, 2016 | May 31, 2016 |
| Statement of Financial Position [Abstract] | ||
| Preferred stock par value | $ 0.001 | $ 0.001 |
| Preferred stock shares authorized | 50,000,000 | 50,000,000 |
| Preferred stock shares issued | 0 | 0 |
| Preferred stock shares outstanding | 0 | 0 |
| Common stock, par value | $ 0.001 | $ 0.001 |
| Common stock, shares authorized | 250,000,000 | 250,000,000 |
| Common stock, shares issued | 8,130,000 | 8,130,000 |
| Common stock, shares outstanding | 8,130,000 | 8,130,000 |
| STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 6 Months Ended | ||
| Nov. 30, 2016 | Nov. 30, 2015 | Nov. 30, 2016 | Nov. 30, 2015 | |
| Income Statement [Abstract] | ||||
| Revenue | ||||
| Operating Expenses: | ||||
| General and administrative | 630 | 795 | 2,468 | 1,629 |
| Professional fees | 31,345 | 32,310 | 51,195 | 57,737 |
| Development expense | 1,542,177 | 2,163,882 | ||
| Total operating expenses | 1,574,152 | 33,105 | 2,217,545 | 59,366 |
| Loss from operations | (1,574,152) | (33,105) | (2,217,545) | (59,366) |
| Other expense: | ||||
| Interest expense | (30,417) | (34,584) | ||
| Total other expense | (30,417) | (34,584) | ||
| Loss before provision for income taxes | (1,604,569) | (33,105) | (2,252,129) | (59,366) |
| Provision for Income Taxes | ||||
| Net Loss | $ (1,604,569) | $ (33,105) | $ (2,252,129) | $ (59,366) |
| Net loss per share - basic | $ (0.20) | $ 0 | $ (0.28) | $ (0.01) |
| Weighted average shares outstanding, basic & diluted | 8,130,000 | 8,130,000 | 8,130,000 | 8,130,000 |
| STATEMENTS OF CASH FLOWS - USD ($) | 6 Months Ended | |
| Nov. 30, 2016 | Nov. 30, 2015 | |
| Cash flows from operating activities: | ||
| Net loss for the period | $ (2,252,129) | $ (59,366) |
| Changes in assets and liabilities: | ||
| Accounts payable and accrued liabilities | 34,584 | 5,732 |
| Cash flows used in operating activities | (2,217,545) | (53,634) |
| Cash flows from investing activities: | ||
| Cash flows from financing activities: | ||
| Proceeds from a related party | 3,049,500 | 53,612 |
| Cash flows provided by financing activities | 3,049,500 | 53,612 |
| Net increase (decrease) in cash | 831,955 | (22) |
| Cash, beginning of period | 46,755 | 22 |
| Cash, end of period | 878,710 | |
| Supplemental cash flow information: | ||
| Interest paid | ||
| Income taxes paid | ||
| ORGANIZATION AND NATURE OF BUSINESS | 6 Months Ended |
| Nov. 30, 2016 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| ORGANIZATION AND NATURE OF BUSINESS | NOTE 1 ORGANIZATION AND NATURE OF BUSINESS Future World Group, Inc. was incorporated On August 6, 2016 the Company signed Statements of Work (SOWs) with Intellectsoft LLC, an unaffiliated company, to perform services for the development and administration of websites to support a mobile app which will enable consumers to purchase goods with Future World Group vouchers, and merchants will be able to sell their goods directly to the users, using this platform. The SOWs provide that after this mobile app has been developed, Intellectsoft LLC will then proceed to phase 2, which is intended to be the development of this app for trade centers. In total, FWG has agreed to pay Intellectsoft LLC $1,183,000 during the course of development of these apps . In addition to the SOWs with Intellectsoft, between August 20, 2016 and September 27, 2016, the registrant signed five SOWs with hedgehog lab, an unaffiliated UK-based company which is also unaffiliated with Intellectsoft to provide additional services to the registrant in connection with the app being developed. The objective of these services, to be completed in two phases, includes (1) creating a white labelled version of Future World which can be packaged up in a way by which small co-operatives of merchants can create their own eco systems of product selling and loyalty point trading, using Future Vouchers; (2) taking the current version of the app, improving the identified pain points and providing versions in English and Chinese, to allow the app to be used in Asia, Europe and North America, by the merchants and customers in as short a time as possible; (3) having a loyalty point trading platform visualized within the new iOS and Android applications, as well as defining the distribution of future vouchers and loyalty points; and (4) the creation of a prototype of a 3D globe system, visualizing the potential for the globalization of the app into cities. In total, FWG has agreed to pay hedgehog lab 950,000 GBP, which is $1,216,000 during the course of development of these apps . As a result of the Company signing these SOWs and paying the amounts set forth above, the Company is executing its business plan, and is therefore no longer a shell, as that term is defined in Rule 12b-2 of the Exchange Act. |
| GOING CONCERN | 6 Months Ended |
| Nov. 30, 2016 | |
| Going Concern | |
| GOING CONCERN | NOTE 2 GOING CONCERN The accompanying unaudited condensed financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. However, the Company has no revenues to date and an accumulated deficit of $2,365,818. The Company currently has limited working capital, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of managements efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern. |
| SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | 6 Months Ended |
| Nov. 30, 2016 | |
| Accounting Policies [Abstract] | |
| SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | NOTE 3 SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES Basis of presentation The Companys unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. Actual results may differ from those estimates. The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending May 31, 2017. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes included in the Companys Annual Report on Form 10-K for the year ended May 31, 2016. 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. Fair Value of Financial Instruments The Companys financial instruments consist of cash and cash equivalents and amounts due to shareholder. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. ASC Topic 820, Fair Value Measurements and Disclosures, requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, Financial Instruments, defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows: · Level 1. Observable inputs such as quoted prices in active markets; · Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; · Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. Recent Accounting Pronouncements 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 our financial position or results of operations. |
| RELATED PARTY LOANS | 6 Months Ended |
| Nov. 30, 2016 | |
| Debt Disclosure [Abstract] | |
| RELATED PARTY LOANS | NOTE 4 – RELATED PARTY LOANS As of November 30, 2016, and May 31, 2016, the Company owed Sky Rover Holdings, Ltd. (“Sky Rover”), a company controlled by Lei Pei, the Company’s CEO and principal shareholder, $103,412 and $53,913, respectively. All funds expended to date have been used for professional fees, and other general operating purposes. As of November 30, 2016, and May 31, 2016, the Company owed another company owned by Mr. Pei $70,740 and $70,740, respectively . All funds expended to date have been used for professional fees, and for other general operating purposes. The loans are unsecured, non-interest bearing and due on demand. Convertible Promissory Note On each of August 1, 2016 and August 3, 2016, Sky Rover Holdings, Ltd., a California corporation (“Sky Rover”) which is 100% owned by Lei Pei, the CEO and principal shareholder, loaned $500,000 to the Company (total of $1,000,000). Sky Rover was issued an unsecured, 5%, convertible promissory note which is due on August 1, 2019, and is convertible into common shares at any time before the due date, at a conversion price of $0.04 per share (subject to adjustment in the event of stock splits, forward splits, recapitalizations, a merger, etc.). At the option of the Company, the interest may also be paid by issuing restricted shares of common stock, at the same conversion price per share. All funds expended to date have been used for professional fees, other general operating purposes and for payments in accordance with the SOWs discussed in Note 1. On September 27, 2016, Sky Rover loaned an additional $2,000,000 to the Company. Sky Rover was issued an unsecured, 5%, convertible promissory note which is due on September 27, 2019, and is convertible into common shares at any time before the due date, at a conversion price of $0.04 per share (subject to adjustment in the event of stock splits, forward splits, recapitalizations, a merger, etc.). At the option of the Company, the interest may also be paid by issuing restricted shares of common stock, at the same conversion price per share. All funds expended to date have been used for professional fees, other general operating purposes and for payments in accordance with the SOWs discussed in Note 1. If and when Sky Rover converts the entire $3,000,000 in Notes at the present conversion price of $0.04 per share, Sky Rover would be issued a total of 75,000,000 restricted shares of the Registrant’s common stock. Those shares, plus the 6,000,000 shares Mr. Pei currently owns, would give him beneficial ownership of 81,000,000 of the Registrant’s 83,130,000 then-issued and outstanding shares (assuming that no other shares are issued before conversion), which would be approximately 97.4% of the then-outstanding shares. |
| PREFERRED STOCK | 6 Months Ended |
| Nov. 30, 2016 | |
| Equity [Abstract] | |
| PREFERRED STOCK | NOTE 5 PREFERRED STOCK The Company has designated preferred stock consisting of 50,000,000 shares, par value $.001 per share. The voting powers, conversion features, if any, designations, preferences, limitations, restrictions and other rights of the preferred stock shall be prescribed by resolution of the Board of Directors at the time a specific series of preferred stock is designated. |
| SUBSEQUENT EVENTS | 6 Months Ended |
| Nov. 30, 2016 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | NOTE 6 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 available to be issued, January 10, 2017, and has determined that it does not have any material subsequent events to disclose in these financial statements. |
| SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
| Nov. 30, 2016 | |
| Accounting Policies [Abstract] | |
| Basis of presentation | Basis of presentation The Companys unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. Actual results may differ from those estimates. The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending May 31, 2017. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes included in the Companys Annual Report on Form 10-K for the year ended May 31, 2016. |
| 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. |
| Fair Value of Financial Instruments | Fair Value of Financial Instruments The Companys financial instruments consist of cash and cash equivalents and amounts due to shareholder. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. ASC Topic 820, Fair Value Measurements and Disclosures, requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, Financial Instruments, defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows: · Level 1. Observable inputs such as quoted prices in active markets; · Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; · Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. |
| Recent Accounting Pronouncements | Recent Accounting Pronouncements 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 our financial position or results of operations. |
| ORGANIZATION AND NATURE OF BUSINESS (Details) - USD ($) | 1 Months Ended | ||||
| Apr. 30, 2015 | Nov. 30, 2016 | Aug. 31, 2016 | May 31, 2016 | Apr. 26, 2015 | |
| Number of common shares sold through stock purchase agreement | 6,000,000 | ||||
| Percentage of issued and outstanding stock sold through stock purchase agreement | 73.80% | ||||
| Common stock, shares issued | 8,130,000 | 8,130,000 | 8,130,000 | ||
| Common stock, shares outstanding | 8,130,000 | 8,130,000 | 8,130,000 | ||
| Proceeds from issuance of common stock | $ 340,000 | ||||
| Intellectsoft [Member] | |||||
| Total agreed cost for app development | $ 1,183,000 | ||||
| Total app development cost incurred | $ 1,170,390 | ||||
| hedgehog lab [Member] | |||||
| Total agreed cost for app development | 1,216,000 | ||||
| Total app development cost incurred | $ 1,083,433 | ||||
| hedgehog lab [Member] | GBP [Member] | |||||
| Total agreed cost for app development | $ 950,000 |
| GOING CONCERN (Details) - USD ($) | Nov. 30, 2016 | May 31, 2016 |
| Going Concern | ||
| Accumulated deficit | $ 2,365,818 | $ 113,689 |
| RELATED PARTY LOANS (Details) - USD ($) | Sep. 27, 2016 | Aug. 03, 2016 | Nov. 30, 2016 | Nov. 30, 2015 | May 31, 2016 |
| Related Party Transaction [Line Items] | |||||
| Due to a related party | $ 174,152 | $ 124,653 | |||
| Proceeds from a related party | 3,049,500 | $ 53,612 | |||
| Convertible Notes Payable - Related Party | $ 3,000,000 | ||||
| Conversion price | $ 0.04 | ||||
| Accrued interest, related party | $ 34,584 | ||||
| Number of shares outstanding if debt converted | 83,130,000 | ||||
| Sky Rover Holdings, Ltd. owned by CEO [Member] | |||||
| Related Party Transaction [Line Items] | |||||
| Due to a related party | $ 103,412 | 53,913 | |||
| Shares of restricted stock issued if convertible debt is converted | 75,000,000 | ||||
| Current number of shares owned | 6,000,000 | ||||
| Number of shares owned if debt converted | 81,000,000 | ||||
| Percentage of shares owned if debt converted | 97.40% | ||||
| Sky Rover Holdings, Ltd. owned by CEO [Member] | Transaction One [Member] | |||||
| Related Party Transaction [Line Items] | |||||
| Proceeds from a related party | $ 1,000,000 | ||||
| Interest rate | 5.00% | ||||
| Maturity date | Aug. 1, 2019 | ||||
| Conversion price | $ 0.04 | ||||
| Accrued interest, related party | $ 16,806 | ||||
| Sky Rover Holdings, Ltd. owned by CEO [Member] | Transaction Two [Member] | |||||
| Related Party Transaction [Line Items] | |||||
| Proceeds from a related party | $ 2,000,000 | ||||
| Interest rate | 5.00% | ||||
| Maturity date | Sep. 27, 2019 | ||||
| Conversion price | $ 0.04 | ||||
| Accrued interest, related party | 17,778 | ||||
| Company owned by CEO [Member] | |||||
| Related Party Transaction [Line Items] | |||||
| Due to a related party | $ 70,740 | $ 70,740 |
| PREFERRED STOCK (Details) - $ / shares | Nov. 30, 2016 | May 31, 2016 |
| Equity [Abstract] | ||
| Preferred stock par value | $ 0.001 | $ 0.001 |
| Preferred stock shares authorized | 50,000,000 | 50,000,000 |
