Cover
Cover - USD ($) | 12 Months Ended | ||
Oct. 31, 2021 | Mar. 09, 2022 | Apr. 30, 2021 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Oct. 31, 2021 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2021 | ||
Current Fiscal Year End Date | --10-31 | ||
Entity File Number | 333-201215 | ||
Entity Registrant Name | PEDRO’S LIST, INC. | ||
Entity Central Index Key | 0001627554 | ||
Entity Tax Identification Number | 32-0450509 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Address, Address Line One | 797 South First Street | ||
Entity Address, City or Town | Fulton | ||
Entity Address, State or Province | NY | ||
Entity Address, Postal Zip Code | 13069 | ||
City Area Code | (315) | ||
Local Phone Number | 701-1031 | ||
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 | false | ||
Entity Public Float | $ 0 | ||
Entity Common Stock, Shares Outstanding | 261,055,120 |
Balance Sheets
Balance Sheets - USD ($) | Oct. 31, 2021 | Oct. 31, 2020 |
Current Assets | ||
Total Current Assets | ||
Non-Current Assets | ||
Total Non-Current Assets | ||
Total Assets | 0 | 0 |
Current Liabilities | ||
Notes payable | 17,150 | 7,755 |
Note payable – related party | 12,500 | 11,721 |
Accounts payable and accrued expenses | 8,122 | 14,085 |
Accounts payable and accrued expenses – related party | 26,155 | 3,062 |
Total Current Liabilities | 63,927 | 36,623 |
Total Liabilities | 63,927 | 36,623 |
Commitments and contingencies | ||
Stockholders’ (Deficit) | ||
Common stock, $0.001 par value, 750,000,000 shares authorized; 261,055,120 shares and issued and outstanding at October 31, 2021, and 2020 | 261,055 | 261,055 |
Additional paid-in capital | 510,945 | 510,945 |
Accumulated (deficit) | (835,927) | (808,623) |
Total Stockholders’ (Deficit) | (63,927) | (36,623) |
Total Liabilities and Stockholders’ (Deficit) | $ 0 | $ 0 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Oct. 31, 2021 | Oct. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 750,000,000 | 750,000,000 |
Common Stock, Shares, Issued | 261,055,120 | 261,055,120 |
Common Stock, Shares, Outstanding | 261,055,120 | 261,055,120 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
Oct. 31, 2021 | Oct. 31, 2020 | |
Revenues | ||
Total revenues | ||
Operating Expenses | ||
General administrative | 40,209 | 29,446 |
Total operating expenses | 40,209 | 29,446 |
(Loss) before other expenses | (40,209) | (29,446) |
Other (expense) | ||
Loss from debt conversion | (615,855) | |
Debt forgiveness | 12,905 | |
Interest (expense) | 0 | (64) |
Other Expenses | 12,905 | 615,919 |
Other Expenses | (12,905) | (615,919) |
(Loss) before income taxes | (27,304) | (645,365) |
Income taxes | ||
Net (loss) | $ (27,304) | $ (645,365) |
(Loss) per share – Basic and diluted | $ 0 | $ 0 |
Weighted average shares outstanding Basic and diluted | 261,055,120 | 192,789,924 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Oct. 31, 2021 | Oct. 31, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net (loss) | $ (27,304) | $ (645,365) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Loss from debt conversion | 615,855 | |
Changes in assets and liabilities | ||
Increase in notes payable | 10,174 | |
Increase in accounts payable and accrued expenses | (5,963) | 4,432 |
Increase in accounts payable and accrued expenses – related party | 23,093 | 3,062 |
Net cash (used) in operating activities | (22,016) | |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from debt conversion | 4,145 | |
Assumption of note payable by outside party | ||
Increase in notes payable | 6,150 | |
Increase in notes payable – related party | 11,721 | |
Net cash provided by financing activities | 22,016 | |
Net (decrease) in cash | ||
CASH AT BEGINNING PERIOD | ||
CASH AT END OF PERIOD | ||
SUPPLEMENTAL CASH FLOW INFORMATION | ||
Cash paid for interest | ||
Cash paid for income taxes |
Statements of Stockholders Defi
Statements of Stockholders Deficit - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance – October 31, 2020 at Oct. 31, 2019 | $ 61,055 | $ 90,945 | $ (163,258) | $ (11,258) |
Shares, Issued, Beginning Balance at Oct. 31, 2019 | 61,055,120 | |||
Common stock issued for debt | $ 200,000 | 420,000 | 620,000 | |
Common stock issued for debt, shares | 200,000,000 | |||
Net (loss) | (645,365) | (645,365) | ||
Balance – October 31, 2021 at Oct. 31, 2020 | $ 261,055 | 510,945 | (808,623) | (36,623) |
Shares, Issued, Ending Balance at Oct. 31, 2020 | 261,055,120 | |||
Net (loss) | (27,304) | (27,304) | ||
Balance – October 31, 2021 at Oct. 31, 2021 | $ 261,055 | $ 510,945 | $ (835,927) | $ (63,927) |
Shares, Issued, Ending Balance at Oct. 31, 2021 | 261,055,120 |
NOTE 1 _ BUSINESS, BASIS OF PRE
NOTE 1 – BUSINESS, BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Oct. 31, 2021 | |
Accounting Policies [Abstract] | |
NOTE 1 – BUSINESS, BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES | NOTE 1 – BUSINESS, BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Pedro’s List, Inc., formerly known as Quest Management, Inc. (the “Company”) was incorporated in the State of Nevada on October 12, 2014. The Company originally intended to engage in the business of development of marketing channels to distribute fitness equipment to the wholesale market in the United States. The Company, as described in the subsequent events footnote, expects to acquire Pedro’s List, LLC in the first calendar quarter of 2022 and is entering into the business of offering an online service to consumers looking for credible and reputable home service and repair providers in Mexico. 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 (“US GAAP”) and are presented in US dollars. The Financial Statements and related disclosures as of October 31, 2021 and 2020 are audited pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). Unless the context otherwise requires, all references to “Quest Management,” “we,” “us,” “our” or the “Company” are to Pedro’s List, Inc. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. Intangible Assets Goodwill and intangible assets are reviewed for potential impairment in accordance with ASC 350, Intangibles - Goodwill and Other Revenue Recognition The Company applies ASC 606, Revenue from Contracts with Customers Advertising Advertising costs are expensed as incurred. Advertising expenses for the years ended October 31, 2021 and 2020 were $0. Fair Value of Financial Instruments The Company adopted ASC 820, Fair Value Measurements and Disclosures Level 1 — Quoted prices for identical assets and liabilities in active markets; Level 2 — Quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and Level 3 — Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Use of Estimates The preparation of financial statements in conformity with US GAAP 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 periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates. Emerging Growth Company Critical Accounting Policy Disclosure The Company qualifies as an “emerging growth company” under the 2012 JOBS Act. Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. As an emerging grown company, the Company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. The Company . Income Taxes The Company accounts for income taxes under ASC 740-10-30, Income Taxes The Company adopted ASC 740-10-25, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. ASC 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of ASC 740-10-25. Loss Per Share Net loss per common share is computed pursuant to ASC 260-10-45, Earnings Per Share. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period, unless their effect is anti-dilutive due to continuing losses. There were no potentially dilutive shares outstanding as of October 31, 2021 and 2020, respectively. Recent Accounting Pronouncements We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on our results of operations or financial position. |
NOTE 2 _ Financial Condition an
NOTE 2 – Financial Condition and Going Concern | 12 Months Ended |
Oct. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NOTE 2 – Financial Condition and Going Concern | NOTE 2 – Financial Condition and Going Concern The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company had limited operations during the period from October 12, 2014 (date of inception) to October 31, 2021 resulted in accumulated deficit of $ 835,927 63,927 Management intends to raise additional operating funds through equity and/or debt offerings. However, there can be no assurance management will be successful in its endeavors. Ultimately, the Company will need to achieve profitable operations in order to continue as a going concern. There are no assurances that the Company will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support its working capital requirements. To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available to the Company, it may be required to curtail its operations. |
NOTE 3 _ Notes Payable
NOTE 3 – Notes Payable | 12 Months Ended |
Oct. 31, 2021 | |
Debt Disclosure [Abstract] | |
NOTE 3 – Notes Payable | NOTE 3 – Notes Payable On May 31, 2016, the Company issued a Convertible Promissory Note in the principal amount of $ 16,605 Pursuant to the terms of the Note, the holder has the right to convert any portion of the principal amount thereof at the par value of the Company’s common stock. The holder also has the right to assign any portion of the Note or assign the shares to be issued upon any conversion of the Notes, to other parties. During the month of December 2016, Peak sold all its interest in the Note to five (5) independent third parties (the “Holders”). During the month of January 2017, the Holders provided notices of election to convert a total of $ 15,000 15,000,000 $1,605 550 At October 31, 2021, the Company had recorded $ 550 0 64 At October 31, 2021, the Company has a Promissory Note in the principal amount of $ 6,150 At October 31, 2021, the Company has two Promissory Notes in the principal amount of $ 6,000 At October 31, 2021, the Company has a Promissory Notes in the principal amount of $ 5,000 These loans were for operating expenses of the Company, due upon demand and have no interest rate. The notes were originally made for six to twelve months, but are due upon demand without any penalties or interest. |
NOTE 4 _ Note Payable-Related P
NOTE 4 – Note Payable-Related Party | 12 Months Ended |
Oct. 31, 2021 | |
Note 4 Note Payable-related Party | |
NOTE 4 – Note Payable-Related Party | NOTE 4 – Note Payable-Related Party As of October 31, 2021, loan amount of $12,500 These loans were for operating expenses of the Company, due upon demand and have no interest rate. |
NOTE 5 _ Income Taxes
NOTE 5 – Income Taxes | 12 Months Ended |
Oct. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
NOTE 5 – Income Taxes | NOTE 5 – Income Taxes The Company adopted the provisions of ASC 740-10 (formerly known as FIN No. 48, Accounting for Uncertainty in Income Taxes). ASC 740-10 clarifies the accounting for uncertainty in income taxes recognized in a company’s financial statements. ASC 740-10 requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements. The application of income tax law is inherently complex. Laws and regulation in this area are voluminous and are often ambiguous. As such, we are required to make many subjective assumptions and judgments regarding the income tax exposures. Interpretations and guidance surrounding income tax laws and regulations change over time. As such, changes in the subjective assumptions and judgments can materially affect amounts recognized in the balance sheets and statements of income. The Company has no unrecognized tax benefit, which would affect the effective tax rate if recognized. There has been no significant change in the unrecognized tax benefit during the period ended October 31, 2021. We classify interest and penalties arising from the underpayment of income taxes in the statement of income under general and administrative expenses. As of October 31, 2021, we had no accrued interest or penalties related to uncertain tax positions. 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. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The components of deferred income tax assets (liabilities) at October 31, 2021, were as follows: Balance Rate Tax Federal loss carryforward $ 835,927 (1) 21 % $ 175,545 Valuation allowance (175,545 ) Deferred tax asset $ — (1) This amount has been restated due to an adjustment in a previous period for the value assigned to shares issued for services. The new law also changes the rules on NOL carry forward. The 20-year limitation was eliminated, giving the taxpayer the ability to carry forward losses indefinitely. However, NOL carry forward arising after January 1, 2018, will now be limited to 80 percent of taxable income. |
NOTE 6 _ Capital Changes
NOTE 6 – Capital Changes | 12 Months Ended |
Oct. 31, 2021 | |
Equity [Abstract] | |
NOTE 6 – Capital Changes | NOTE 6 – Capital Changes On February 6, 2020, $4,145 200,000,000 $615,855 $.0031 |
NOTE 7 _ Contingencies and Comm
NOTE 7 – Contingencies and Commitments | 12 Months Ended |
Oct. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
NOTE 7 – Contingencies and Commitments | NOTE 7 – Contingencies and Commitments 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. Management of the Company has conducted a diligent search and concluded that there were no commitments, contingencies, or legal matters pending at the balance sheet dates. The effects of Covid -19 could 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 highly likely that our company will have issues relating to the current situation that need to be considered by management. 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. |
NOTE 8 _ Related Party Transact
NOTE 8 – Related Party Transactions | 12 Months Ended |
Oct. 31, 2021 | |
Related Party Transactions [Abstract] | |
NOTE 8 – Related Party Transactions | NOTE 8 – Related Party Transactions On February 3, 2020, the Custodian as an interim officer acting on behalf of the Company, appointed Yamilka Veras as President, Director and Sole officer of the Company. On February 6, 2020, $4,145 200,000,000 $615,855 As of October 31, 2021 loan amount of $12,500 As of October 31, 2021 and 2020 the Company owes $26,155 3,062 |
NOTE 9 _ Forgiveness of Debt
NOTE 9 – Forgiveness of Debt | 12 Months Ended |
Oct. 31, 2021 | |
Note 9 Forgiveness Of Debt | |
NOTE 9 – Forgiveness of Debt | NOTE 9 – Forgiveness of Debt The forgiveness of debt represents the settlement with a vendor and note holder on prior amounts due to them of $ 12,905 |
NOTE 10 _ Legal Matters
NOTE 10 – Legal Matters | 12 Months Ended |
Oct. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
NOTE 10 – Legal Matters | NOTE 10 – Legal Matters On December 2, 2019, one of the Company’s shareholders made a motion and application to be appointed as 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 2 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 shareholder’s request and the shareholder was appointed as custodian for the Company (“Custodian”). As Custodian of the Company, the shareholder was ordered to file an amendment to the Company’s articles of incorporation which was filed in conformity with N.R.S. 78.347(4) and the shareholder was ordered to have the Company’s charter reinstated in Nevada, to notice and hold a shareholder meeting; to provide a report to the Court of the actions taken at the shareholder meeting; to identify and name a new registered agent in the State of Nevada; to reinstate the Company in the State of Nevada; and the Custodian. In addition to the aforementioned items set forth in the Order Appointing the Custodian, the Custodian was given the power and authority to take any action it deemed reasonable and for the benefit of the Company and its shareholders. The Custodian is now in the process of meeting all of the requirements set forth in the Court Order and filing a motion to terminate its services. Upon granting the motion, the Court will issue 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. |
NOTE 11 _ Subsequent Events
NOTE 11 – Subsequent Events | 12 Months Ended |
Oct. 31, 2021 | |
Subsequent Events [Abstract] | |
NOTE 11 – Subsequent Events | NOTE 11 – Subsequent Events In accordance with ASC 855-10, the Company has analyzed its operations subsequent to October 31, 2021 through the date these financial statements were issued and has determined that it has one material subsequent events to disclose in these financial statements. The Company proposed a merger with Pedro’s List US, LLC and changed its name to Pedro’s List, Inc. The Company expects to file the merger documents with the SEC and FINRA and complete the merger in the first calendar quarter of 2022. The Company will take on the business of the acquired entity which is the offering of an online service to consumers looking for credible and reputable home service and repair providers in Mexico. |
NOTE 1 _ BUSINESS, BASIS OF P_2
NOTE 1 – BUSINESS, BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Oct. 31, 2021 | |
Accounting Policies [Abstract] | |
Nature of Operations | Nature of Operations Pedro’s List, Inc., formerly known as Quest Management, Inc. (the “Company”) was incorporated in the State of Nevada on October 12, 2014. The Company originally intended to engage in the business of development of marketing channels to distribute fitness equipment to the wholesale market in the United States. The Company, as described in the subsequent events footnote, expects to acquire Pedro’s List, LLC in the first calendar quarter of 2022 and is entering into the business of offering an online service to consumers looking for credible and reputable home service and repair providers in Mexico. |
Basis of Presentation | 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 (“US GAAP”) and are presented in US dollars. The Financial Statements and related disclosures as of October 31, 2021 and 2020 are audited pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). Unless the context otherwise requires, all references to “Quest Management,” “we,” “us,” “our” or the “Company” are to Pedro’s List, Inc. |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. |
Intangible Assets | Intangible Assets Goodwill and intangible assets are reviewed for potential impairment in accordance with ASC 350, Intangibles - Goodwill and Other |
Revenue Recognition | Revenue Recognition The Company applies ASC 606, Revenue from Contracts with Customers |
Advertising | Advertising Advertising costs are expensed as incurred. Advertising expenses for the years ended October 31, 2021 and 2020 were $0. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company adopted ASC 820, Fair Value Measurements and Disclosures Level 1 — Quoted prices for identical assets and liabilities in active markets; Level 2 — Quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and Level 3 — Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with US GAAP 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 periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates. |
Emerging Growth Company Critical Accounting Policy Disclosure | Emerging Growth Company Critical Accounting Policy Disclosure The Company qualifies as an “emerging growth company” under the 2012 JOBS Act. Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. As an emerging grown company, the Company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. The Company . |
Income Taxes | Income Taxes The Company accounts for income taxes under ASC 740-10-30, Income Taxes The Company adopted ASC 740-10-25, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. ASC 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of ASC 740-10-25. |
Loss Per Share | Loss Per Share Net loss per common share is computed pursuant to ASC 260-10-45, Earnings Per Share. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period, unless their effect is anti-dilutive due to continuing losses. There were no potentially dilutive shares outstanding as of October 31, 2021 and 2020, respectively. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on our results of operations or financial position. |
NOTE 5 _ Income Taxes (Tables)
NOTE 5 – Income Taxes (Tables) | 12 Months Ended |
Oct. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Deferred income tax assets (liabilities) | Balance Rate Tax Federal loss carryforward $ 835,927 (1) 21 % $ 175,545 Valuation allowance (175,545 ) Deferred tax asset $ — |
NOTE 2 _ Financial Condition _2
NOTE 2 – Financial Condition and Going Concern (Details Narrative) - USD ($) | Oct. 31, 2021 | Oct. 31, 2020 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Retained Earnings (Accumulated Deficit) | $ 835,927 | $ 808,623 |
[custom:WorkingCapitalDeficit-0] | $ 63,927 |
NOTE 3 _ Notes Payable (Details
NOTE 3 – Notes Payable (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||
Jan. 31, 2017 | Feb. 06, 2020 | Oct. 31, 2021 | Oct. 31, 2020 | Jul. 31, 2021 | Apr. 30, 2017 | May 31, 2016 | |
Short-term Debt [Line Items] | |||||||
Convertible Notes Payable, Current | $ 16,605 | ||||||
Debt Conversion, Converted Instrument, Amount | $ 15,000 | $ 615,855 | |||||
Debt Conversion, Converted Instrument, Shares Issued | 15,000,000 | 200,000,000 | |||||
Accounts Payable and Accrued Liabilities | $ 1,605 | ||||||
Deposit Liabilities, Accrued Interest | $ 550 | $ 550 | |||||
Interest Expense | 0 | $ 64 | |||||
Promissory Note 1 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Notes Payable | 6,150 | ||||||
Promissory Note 2 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Notes Payable | 6,000 | ||||||
Promissory Note 3 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Notes Payable | $ 5,000 |
NOTE 4 _ Note Payable-Related_2
NOTE 4 – Note Payable-Related Party (Details Narrative) | Oct. 31, 2021USD ($) |
Note 4 Note Payable-related Party | |
Due to Related Parties, Current | $ 12,500 |
Deferred income tax assets (lia
Deferred income tax assets (liabilities) (Details) | 12 Months Ended |
Oct. 31, 2021USD ($) | |
Income Tax Disclosure [Abstract] | |
Deferred Tax Assets, Operating Loss Carryforwards | $ 835,927 |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% |
Deferred Tax Assets, Valuation Allowance | $ 175,545 |
Deferred Tax Assets, Net of Valuation Allowance | $ (175,545) |
NOTE 6 _ Capital Changes (Detai
NOTE 6 – Capital Changes (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended |
Jan. 31, 2017 | Feb. 06, 2020 | Oct. 31, 2020 | |
Equity [Abstract] | |||
Debt Conversion, Original Debt, Amount | $ 4,145 | ||
Debt Conversion, Converted Instrument, Shares Issued | 15,000,000 | 200,000,000 | |
Debt Conversion, Converted Instrument, Amount | $ 15,000 | $ 615,855 | |
Share Price | $ 0.0031 |
NOTE 8 _ Related Party Transa_2
NOTE 8 – Related Party Transactions (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended | |
Jan. 31, 2017 | Feb. 06, 2020 | Oct. 31, 2020 | Oct. 31, 2021 | |
Related Party Transactions [Abstract] | ||||
Debt Conversion, Original Debt, Amount | $ 4,145 | |||
Debt Conversion, Converted Instrument, Shares Issued | 15,000,000 | 200,000,000 | ||
Debt Conversion, Converted Instrument, Amount | $ 15,000 | $ 615,855 | ||
Notes Payable, Related Parties, Current | 11,721 | $ 12,500 | ||
Accounts Payable, Related Parties, Current | $ 3,062 | $ 26,155 |
NOTE 9 _ Forgiveness of Debt (D
NOTE 9 – Forgiveness of Debt (Details Narrative) - USD ($) | 12 Months Ended | |
Oct. 31, 2021 | Oct. 31, 2020 | |
Note 9 Forgiveness Of Debt | ||
Debt Instrument, Decrease, Forgiveness | $ 12,905 |