Cover
Cover - USD ($) | 12 Months Ended | ||
Sep. 30, 2023 | Dec. 08, 2023 | Jun. 30, 2023 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Sep. 30, 2023 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2023 | ||
Current Fiscal Year End Date | --09-30 | ||
Entity File Number | 000-56293 | ||
Entity Registrant Name | Coretag Holdings, Inc. | ||
Entity Central Index Key | 0001624140 | ||
Entity Tax Identification Number | 35-2515740 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Address, Address Line One | 7325 Oswego Road | ||
Entity Address, City or Town | Liverpool | ||
Entity Address, State or Province | NY | ||
Entity Address, Postal Zip Code | 13090 | ||
City Area Code | (315) | ||
Local Phone Number | 451-7515 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | true | ||
Entity Public Float | $ 25,000,000 | ||
Entity Common Stock, Shares Outstanding | 225,000,000 | ||
Document Financial Statement Error Correction [Flag] | false | ||
Auditor Name | GreenGrowth CPAs | ||
Auditor Location | Los Angeles, California | ||
Auditor Firm ID | 6580 |
Balance Sheets
Balance Sheets - USD ($) | Sep. 30, 2023 | Sep. 30, 2022 |
Current Assets: | ||
Cash | $ 68 | |
Total Current Assets | 68 | |
TOTAL ASSETS | 68 | |
Current Liabilities: | ||
Accounts Payable | 8,450 | 15,830 |
Accounts Payable - Related Party | 12,500 | 7,000 |
Income Tax Payable | 2,303 | 2,303 |
Note Payable - Related Party | 46,417 | 14,424 |
Total Current Liabilities | 69,670 | 39,557 |
Total Liabilities | 69,670 | 39,557 |
Stockholder's Equity | ||
Common Stock, par value $0.0001, 290,000,000 shares Authorized, 225,000,000 shares Issued and Outstanding as of September 30, 2023 and September 30, 2022 | 22,500 | 22,500 |
Additional Paid-In Capital | 52,194 | 52,194 |
Accumulated Deficit | (144,364) | (114,183) |
Total Stockholder's Deficit | (69,670) | (39,489) |
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT) | $ 0 | $ 68 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Sep. 30, 2023 | Sep. 30, 2022 |
Statement of Financial Position [Abstract] | ||
Preferred Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Authorized | 290,000,000 | 290,000,000 |
Common Stock, Shares, Issued | 225,000,000 | 225,000,000 |
Common Stock, Shares, Outstanding | 225,000,000 | 225,000,000 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Income Statement [Abstract] | ||
Revenues: | ||
Operating Expenses | ||
General and Administrative Expenses | 13,694 | 6,636 |
Professional Fees | 16,487 | 27,254 |
Total Operating Expenses | 30,181 | 33,890 |
Loss From Operations | (30,181) | (33,890) |
Income Tax Provision | ||
Net Loss | $ (30,181) | $ (33,890) |
Basic & Diluted Loss per Common Share | $ 0 | $ 0 |
Weighted Average Common Shares Outstanding | 225,000,000 | 225,000,000 |
Statement of Stockholders Equit
Statement of Stockholders Equity - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Sep. 30, 2021 | $ 7,500 | $ 38,500 | $ (80,293) | $ (34,293) |
Shares, Issued at Sep. 30, 2021 | 75,000,000 | |||
Issuance of Common Stock | $ 15,000 | 13,694 | 28,694 | |
Stock Issued During Period, Shares, New Issues | 150,000,000 | |||
Net Loss | (33,890) | (33,890) | ||
Ending balance, value at Sep. 30, 2022 | $ 22,500 | 52,194 | (114,183) | (39,489) |
Shares, Issued at Sep. 30, 2022 | 225,000,000 | |||
Net Loss | (30,181) | (30,181) | ||
Ending balance, value at Sep. 30, 2023 | $ 22,500 | $ 52,194 | $ (144,364) | $ (69,670) |
Shares, Issued at Sep. 30, 2023 | 225,000,000 |
Statement of Cash Flows
Statement of Cash Flows - USD ($) | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net Loss | $ (30,181) | $ (33,890) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Accounts Payable | (7,380) | 8,983 |
Accounts Payable - Related Party | 5,500 | (18,143) |
Net Cash Used in Operating Activities | (32,061) | (43,050) |
CASH FLOWS FROM FINANCING | ||
Issuance of Shares for Capital | 28,694 | |
Notes Payable - Related Party | 31,993 | 14,424 |
Net Cash Provided by Financing Activities | 31,993 | 43,118 |
Net Increase (Decrease) in Cash | (68) | 68 |
Cash at the Beginning of Year | 68 | |
Cash at the End of Year | 68 | |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
Interest | ||
Taxes |
Statement of Cash Flows (Parent
Statement of Cash Flows (Parenthetical) - USD ($) | 1 Months Ended | 12 Months Ended |
Oct. 31, 2020 | Sep. 30, 2022 | |
Debt Conversion, Converted Instrument, Shares Issued | 70,000,000 | |
Common Stock [Member] | ||
Debt Conversion, Converted Instrument, Shares Issued | 150,000,000 | |
Debt Conversion, Converted Instrument, Amount | $ 28,694 |
NOTE 1 _ NATURE OF OPERATIONS
NOTE 1 – NATURE OF OPERATIONS | 12 Months Ended |
Sep. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NOTE 1 – NATURE OF OPERATIONS | NOTE 1 – NATURE OF OPERATIONS Nine Alliance Science and Technology Group (the “Company”) was incorporated as Paramount Supply Inc. and established under the Corporation Laws of the State of Nevada on September 12, 2014. On September 29, 2017, the Company filed a Certificate of Amendment changing the name from “Paramount Supply Inc.” to “Nine Alliance Science and Technology Group”. The Company was formed for the purpose of marketing and distributing ladies fashion handbags. At the end of 2017 the Company became dormant and ceased all business operations. On August 27, 2020, a motion and application was made to appoint a Custodian of the Company based on prior management abandoning its responsibilities to continue making filings at the Nevada Secretary of State’s office and for failing to hold a shareholders’ meeting in over 3 years and otherwise failing to keep current in its obligations to the Company. Upon motion and application to the District Court, Clark County Nevada, the Court granted the request for Custodian for the Company (“Custodian”). Upon granting the motion, the Court issued an Order acknowledging that the Custodian has performed all of the duties that had been required of it and the management of the Company will revert exclusively to the officers and directors appointed by the Custodian. In the Revival of the Company, Investment Reserves Series, as the Custodian of the Company, appointed Joseph Passalaqua as CEO, CFO and Secretary. On June 2, 2023, the Company filed a Certificate of Amendment with the State of Nevada to changing the name from “Nine Alliance Science and Technology Group” to “Coretag Holdings, Inc.” |
NOTE 2 - SUMMARY OF SIGNIFICANT
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 2.1 Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company has adopted a September 30 fiscal year end. 2.2 Use of Estimates and Assumptions 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 could differ from those estimates. Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern. 2.3 Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes. 2.4 Fair Value of Financial Instruments As defined in (Financial Accounting Standards Board ASC 820), fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company will utilize the market data of similar entities in its industry or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. FASB ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). The Company's financial instruments consist of cash and cash equivalents, accounts payable and related party loans. 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. Financial assets and liabilities recorded at fair value in our balance sheet, are categorized based upon a fair value hierarchy established by GAAP, which prioritizes the inputs used to measure fair value into the following levels: Level 1 — Quoted market prices in active markets for identical assets or liabilities at the measurement date. Level 2 — Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable and can be corroborated by observable market data. Level 3 — Inputs reflecting management's best estimates and assumptions of what market participants would use in pricing assets or liabilities at the measurement date. The inputs are unobservable in the market and significant to the valuation of the instruments. 2.5 Stock-Based Compensation As of September 30, 2023 & September 30, 2022, the Company has not issued any stock-based payments to its employees Stock-based compensation is accounted for at fair value in accordance with ASC 718, when applicable. To date, the Company has not adopted a stock option plan and has not granted any stock options. 2.6 Income Taxes The Company follows the asset and liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Future tax benefits which arise as result of accumulated losses have not be recognized in these financial statements, as their realization is not likely to occur. 2.7 Basic Income (Loss) Per Share The Company computes loss per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. For the years ended September 30, 2023 and September 30, 2022 there were no potentially dilutive debt or equity instruments issued or outstanding and any such shares would have been excluded from the computation because they would have been anti-dilutive as the Company incurred losses in this period. 2.8 Commitments and Contingencies The Company follows ASC 440 & ASC 450, subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies and commitments respectively. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time, that these matters will have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows. 2.9 Recent Accounting Pronouncements The Company reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. |
NOTE 3 _ GOING CONCERN
NOTE 3 – GOING CONCERN | 12 Months Ended |
Sep. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NOTE 3 – GOING CONCERN | NOTE 3 – GOING CONCERN The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred a loss since Inception (March 25, 2008) resulting in an accumulated deficit of $ 144,364 Further, the effects of Covid-19 could also impact our ability to operate under the going concern and maintain sufficient liquidity to continue operations. The impact of COVID-19 on companies is evolving rapidly and its future effects are uncertain. There are material uncertainties from Covid-19 that cast significant doubt on the company’s ability to operate under the going concern. It is possible that our company will have issues relating to the current situation that will need to be considered by management in the future. There will be a wide range of factors to take into account in going concern judgments and financial projections including travel bans, restrictions, government assistance and potential sources of replacement financing, financial health of suppliers and customers and their effect on expected profitability and other key financial performance ratios including information that shows whether there will be sufficient liquidity to continue to meet obligations when they are due. The Company filed a Registration Statement; Form-10-12g on June 16, 2021 and was effective 60 days post filing. Management believes that this plan provides an opportunity for the Company to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or private placement of common stock. The failure to achieve the necessary levels of profitability or obtaining additional funding would be detrimental to the Company. |
NOTE 4 _ COMMON STOCK
NOTE 4 – COMMON STOCK | 12 Months Ended |
Sep. 30, 2023 | |
Equity [Abstract] | |
NOTE 4 – COMMON STOCK | NOTE 4 – COMMON STOCK On February 25, 2021, the Company filed a Certificate of Amendment through which the par value has been changed from $0.001 to $0.0001 Through this amendment (effective February 25, 2021) Company also increased the authorized shares from 75,000,000 300,000,000 290,000,000 10,000,000 $0.0001 On December 7, 2021, the Company issued 150,000,000 $28,694 On June 2, 2023, the Company filed a Certificate of Amendment with the State of Nevada for a 1 for 2,500 90,000 As of the years ended September 30, 2022 and September 30, 2023, the Company had 290,000,000 225,000,000 As of the year ended September 30, 2022 and September 30, 2023, the Company had 10,000,000 |
NOTE 5 _ RELATED PARTY TRANSACT
NOTE 5 – RELATED PARTY TRANSACTIONS | 12 Months Ended |
Sep. 30, 2023 | |
Related Party Transactions [Abstract] | |
NOTE 5 – RELATED PARTY TRANSACTIONS | NOTE 5 – RELATED PARTY TRANSACTIONS In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders or directors. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances were considered temporary in nature and were not formalized by a signed promissory note. On October 14, 2020, Joseph Passalaqua, an officer and Related Party of the Company advanced the Company $2,000 70,000,000 From July 2020 – November 2021, Joseph Passalaqua, an officer and Related Party, advanced the Company $23,444 150,000,000 $28,694 During the years September 30, 2019 – September 30, 2021, Lyboldt-Daly, Inc; its sole officer is Joseph Passalaqua, who is also an officer and Related Party of Nine Alliance Science and Technology Group, Inc., provided the internal accounting for the Company. The amount of $5,250 In the twelve months ended September 30, 2022, Joseph Passalaqua, an officer and Related Party, advanced the Company $14,424 In the twelve months ended September 30, 2023, Joseph Passalaqua, an officer and Related Party, advanced the Company $31,993 As of September 30, 2023, $46,417 In the twelve months ended September 30, 2022, Lyboldt-Daly, Inc; its sole officer is Joseph Passalaqua, who is also an officer and Related Party of Nine Alliance Science and Technology Group, Inc., provided the internal accounting for the Company in the amount of $7,000 In the twelve months ended September 30, 2023, Lyboldt-Daly, Inc; its sole officer is Joseph Passalaqua, who is also an officer and Related Party of Nine Alliance Science and Technology Group, Inc., provided the internal accounting for the Company in the amount of $ 5,500 As of September 30, 2022, $ 12,500 The Company currently operates out of an office of a related party free of rent. |
NOTE 6 _ INCOME TAXES
NOTE 6 – INCOME TAXES | 12 Months Ended |
Sep. 30, 2023 | |
Income Tax Disclosure [Abstract] | |
NOTE 6 – INCOME TAXES | NOTE 6 – INCOME TAXES As of September 30, 2023, the Company had net operating loss carry forwards of approximately $144,364 As of September 30, 2022, the Company had net operating loss carry forwards of approximately $114,183 Future tax benefits which arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. The 21% September 30, September 30, Federal income tax benefit attributable to: Current operations $ 30,316 $ 23,873 Less: change in valuation allowance (30,316 ) (23,873 ) Net provision for Federal income taxes $ — $ — The cumulative tax effect at the expected rate of 35% of significant items comprising our net deferred tax amount is as follows: September 30, 2023 September 30, 2022 Deferred tax asset attributable to: Net operating loss carry over $ 50,527 $ 39,789 Less: valuation allowance (50,527 ) (39,789 ) Net deferred tax asset $ — $ — Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $144,364 |
NOTE 7 - SUBSEQUENT EVENTS
NOTE 7 - SUBSEQUENT EVENTS | 12 Months Ended |
Sep. 30, 2023 | |
Subsequent Events [Abstract] | |
NOTE 7 - SUBSEQUENT EVENTS | NOTE 7 - SUBSEQUENT EVENTS The Company filed a Certificate of Amendment with the State of Nevada for a 1 for 2,500 reverse stock split of common stock issued, with any fractional shares rounded up. The result would be 90,000 Post-Reverse shares issued and outstanding from 225,000,000. It was filed on June 2, 2023 and currently being reviewed and pending approval with FINRA. |
NOTE 2 - SUMMARY OF SIGNIFICA_2
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
2.1 Basis of Presentation | 2.1 Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company has adopted a September 30 fiscal year end. |
2.2 Use of Estimates and Assumptions | 2.2 Use of Estimates and Assumptions 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 could differ from those estimates. Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern. |
2.3 Cash and Cash Equivalents | 2.3 Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes. |
2.4 Fair Value of Financial Instruments | 2.4 Fair Value of Financial Instruments As defined in (Financial Accounting Standards Board ASC 820), fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company will utilize the market data of similar entities in its industry or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. FASB ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). The Company's financial instruments consist of cash and cash equivalents, accounts payable and related party loans. 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. Financial assets and liabilities recorded at fair value in our balance sheet, are categorized based upon a fair value hierarchy established by GAAP, which prioritizes the inputs used to measure fair value into the following levels: Level 1 — Quoted market prices in active markets for identical assets or liabilities at the measurement date. Level 2 — Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable and can be corroborated by observable market data. Level 3 — Inputs reflecting management's best estimates and assumptions of what market participants would use in pricing assets or liabilities at the measurement date. The inputs are unobservable in the market and significant to the valuation of the instruments. |
2.5 Stock-Based Compensation | 2.5 Stock-Based Compensation As of September 30, 2023 & September 30, 2022, the Company has not issued any stock-based payments to its employees Stock-based compensation is accounted for at fair value in accordance with ASC 718, when applicable. To date, the Company has not adopted a stock option plan and has not granted any stock options. |
2.6 Income Taxes | 2.6 Income Taxes The Company follows the asset and liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Future tax benefits which arise as result of accumulated losses have not be recognized in these financial statements, as their realization is not likely to occur. |
2.7 Basic Income (Loss) Per Share | 2.7 Basic Income (Loss) Per Share The Company computes loss per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. For the years ended September 30, 2023 and September 30, 2022 there were no potentially dilutive debt or equity instruments issued or outstanding and any such shares would have been excluded from the computation because they would have been anti-dilutive as the Company incurred losses in this period. |
2.8 Commitments and Contingencies | 2.8 Commitments and Contingencies The Company follows ASC 440 & ASC 450, subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies and commitments respectively. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time, that these matters will have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows. |
2.9 Recent Accounting Pronouncements | 2.9 Recent Accounting Pronouncements The Company reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. |
NOTE 6 _ INCOME TAXES (Tables)
NOTE 6 – INCOME TAXES (Tables) | 12 Months Ended |
Sep. 30, 2023 | |
Income Tax Disclosure [Abstract] | |
Federal Income Tax Provision | September 30, September 30, Federal income tax benefit attributable to: Current operations $ 30,316 $ 23,873 Less: change in valuation allowance (30,316 ) (23,873 ) Net provision for Federal income taxes $ — $ — |
Deferred Tax Asset | September 30, 2023 September 30, 2022 Deferred tax asset attributable to: Net operating loss carry over $ 50,527 $ 39,789 Less: valuation allowance (50,527 ) (39,789 ) Net deferred tax asset $ — $ — |
NOTE 3 _ GOING CONCERN (Details
NOTE 3 – GOING CONCERN (Details Narrative) - USD ($) | Sep. 30, 2023 | Sep. 30, 2022 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Retained Earnings (Accumulated Deficit) | $ 144,364 | $ 114,183 |
NOTE 4 _ COMMON STOCK (Details
NOTE 4 – COMMON STOCK (Details Narrative) - USD ($) | 1 Months Ended | 5 Months Ended | 12 Months Ended | |||||
Oct. 31, 2020 | Jun. 02, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2021 | Feb. 25, 2021 | Feb. 24, 2021 | Feb. 05, 2021 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | $ 0.0001 | |||||
Authorized Shares | 75,000,000 | 300,000,000 | ||||||
Common Stock, Shares Authorized | 290,000,000 | 290,000,000 | 290,000,000 | |||||
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 | 10,000,000 | |||||
Preferred Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | $ 0.0001 | |||||
Debt Conversion, Converted Instrument, Shares Issued | 70,000,000 | |||||||
Stockholders' Equity, Reverse Stock Split | 1 for 2,500 | |||||||
Stock Issued During Period, Shares, Reverse Stock Splits | 90,000 | |||||||
Common Stock, Shares, Issued | 225,000,000 | 225,000,000 | ||||||
Common Stock [Member] | ||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||
Debt Conversion, Converted Instrument, Shares Issued | 150,000,000 | |||||||
Debt Conversion, Converted Instrument, Amount | $ 28,694 |
NOTE 5 _ RELATED PARTY TRANSA_2
NOTE 5 – RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 1 Months Ended | 12 Months Ended | 17 Months Ended | |||
Oct. 14, 2020 | Oct. 31, 2020 | Sep. 30, 2023 | Sep. 30, 2022 | Nov. 30, 2021 | Sep. 30, 2021 | |
Related Party Transaction [Line Items] | ||||||
Related Party Transaction, Amounts of Transaction | $ 2,000 | $ 23,444 | ||||
Debt Conversion, Converted Instrument, Shares Issued | 70,000,000 | |||||
Notes Payable - Related party | $ 31,993 | $ 14,424 | ||||
Notes Payable | 46,417 | 14,424 | ||||
Increase (Decrease) in Accounts Payable, Related Parties | 5,500 | (18,143) | ||||
Accounts payable - related party | 12,500 | 7,000 | ||||
Lyboldt Daly Inc [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Increase (Decrease) in Accounts Payable, Related Parties | 5,500 | $ 7,000 | ||||
Lyboldt Daly Inc [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Convertible Note | $ 5,250 | |||||
Joseph Passalaqua [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Notes Payable | $ 46,417 | |||||
Common Stock [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Debt Conversion, Converted Instrument, Shares Issued | 150,000,000 | |||||
Debt Conversion, Converted Instrument, Amount | $ 28,694 |
Federal Income Tax Provision (D
Federal Income Tax Provision (Details) - USD ($) | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Federal income tax benefit attributable to: | ||
Current operations | $ 30,316 | $ 23,873 |
Less: change in valuation allowance | (30,316) | (23,873) |
Net provision for Federal income taxes |
Deferred Tax Asset (Details)
Deferred Tax Asset (Details) - USD ($) | Sep. 30, 2023 | Sep. 30, 2022 |
Deferred tax asset attributable to: | ||
Net operating loss carry over | $ 50,527 | $ 39,789 |
Less: valuation allowance | (50,527) | (39,789) |
Net deferred tax asset |
NOTE 6 _ INCOME TAXES (Details
NOTE 6 – INCOME TAXES (Details Narrative) - USD ($) | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Income Tax Disclosure [Abstract] | ||
Deferred Tax Assets, Operating Loss Carryforwards | $ 144,364 | $ 114,183 |
Tax rate provision for Federal income tax | 21% | |
Operating Loss Carryforwards | $ 144,364 |