Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Apr. 30, 2017 | Aug. 14, 2017 | Oct. 31, 2016 | |
Document and Entity Information [Abstract] | |||
Entity Registrant Name | Gushen, Inc | ||
Entity Central Index Key | 1,639,327 | ||
Document Type | 10-K | ||
Document Period End Date | Apr. 30, 2017 | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --04-30 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filer | No | ||
Entity Current Reporting Status | Yes | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Public Float | $ 0 | ||
Entity Common Stock, Shares Outstanding | 29,018,750 | ||
Trading Symbol | GSHN | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2,017 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Apr. 30, 2017 | Apr. 30, 2016 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 3,212 | $ 1,500,410 |
Amount due from a director | 57,693 | |
TOTAL ASSETS | 60,905 | 1,500,410 |
CURRENT LIABILITIES | ||
Accounts payable and accrued liabilities | 12,300 | 9,800 |
Amount due to a director | 1,408,265 | |
TOTAL LIABILITIES | 12,300 | 1,418,065 |
STOCKHOLDERS' EQUITY | ||
Common stock , $ 0.0001 par value; 600,000,000 shares authorized; 29,018,750 and 28,930,000 shares issued and outstanding as of April 30, 2017 and 2016, respectively | 2,902 | 2,902 |
Additional paid-in capital | 113,948 | 113,948 |
Accumulated deficit | (68,245) | (34,505) |
TOTAL STOCKHOLDERS' EQUITY | 48,605 | 82,345 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 60,905 | $ 1,500,410 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Apr. 30, 2017 | Apr. 30, 2016 |
Statement of Financial Position [Abstract] | ||
Preferred Stock, Par Value | $ 0.0001 | $ 0.0001 |
Preferred Stock, Shares Authorized | 200,000,000 | 200,000,000 |
Preferred Stock, Shares Issued | ||
Preferred Stock, Shares Outstanding | ||
Common Stock, Par Value | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Authorized | 600,000,000 | 600,000,000 |
Common Stock, Shares Issued | 29,018,750 | 28,930,000 |
Common Stock, Shares Outstanding | 29,018,750 | 28,930,000 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 12 Months Ended | |
Apr. 30, 2017 | Apr. 30, 2016 | |
Income Statement [Abstract] | ||
REVENUE | $ 3,800 | |
COST OF REVENUE | (1,800) | |
GROSS PROFIT | 2,000 | |
OPERATING EXPENSES: | ||
General and administrative | (33,740) | (34,304) |
LOSS BEFORE INCOME TAX | (33,740) | (32,304) |
Income tax expense | ||
NET LOSS | $ (33,740) | $ (32,304) |
Net loss per share - Basic and diluted: | $ 0 | $ 0 |
Weighted average common shares outstanding - Basic and diluted | 29,018,750 | 28,959,888 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) | Common Stock [Member] | Additional Paid-In Capital [Member] | Accumulated Deficit [Member] | Total |
Balance at Mar. 09, 2015 | ||||
Balance, shares at Mar. 09, 2015 | ||||
Shares issued to founder members | $ 2,850 | 2,850 | ||
Shares issued to founder members, shares | 28,500,000 | |||
Shares issued in private placement at $0.10 per share | $ 43 | 42,957 | 43,000 | |
Shares issued in private placement at $0.10 per share, shares | 430,000 | |||
Net loss for the period | (2,201) | (2,201) | ||
Balance at Apr. 30, 2015 | $ 2,893 | 42,957 | (2,201) | 43,649 |
Balance, shares at Apr. 30, 2015 | 28,930,000 | |||
Shares issued in IPO at $0.80 per share | $ 9 | $ 70,991 | $ 71,000 | |
Shares issued in IPO at $0.80 per share, shares | 88,750 | |||
Net loss for the period | $ (32,304) | $ (32,304) | ||
Balance at Apr. 30, 2016 | $ 2,902 | $ 113,948 | $ (34,505) | $ 82,345 |
Balance, shares at Apr. 30, 2016 | 29,018,750 | |||
Shares issued in IPO at $0.80 per share, shares | 88,750 | 88,750 | ||
Net loss for the period | $ (33,740) | $ (33,740) | ||
Balance at Apr. 30, 2017 | $ 2,902 | $ 113,948 | $ (68,245) | $ 48,605 |
Balance, shares at Apr. 30, 2017 | 29,018,750 |
Consolidated Statements of Sto6
Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares | Apr. 30, 2016 | Apr. 30, 2015 |
Private Placement [Member] | ||
Share issue price per share | $ 0.10 | |
IPO [Member] | ||
Share issue price per share | $ 0.80 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Apr. 30, 2017 | Apr. 30, 2016 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (33,740) | $ (32,304) |
Changes in operating assets and liabilities: | ||
Accounts payable and accrued liabilities | 2,500 | 9,800 |
Net cash used in operating activities | (31,240) | (22,504) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Advances (to)/from a director | (1,465,958) | 1,392,265 |
Proceeds from initial public offering | 71,000 | |
Net cash (used in)/provided by financing activities | (1,465,958) | 1,463,265 |
Net changes in cash and cash equivalents | (1,497,198) | 1,440,761 |
Cash and cash equivalents, beginning of year | 1,500,410 | 59,649 |
CASH AND CASH EQUIVALENTS, END OF YEAR | 3,212 | 1,500,410 |
SUPPLEMENTAL CASH FLOWS INFORMATION | ||
Cash paid for income taxes | ||
Cash paid for interest |
Organization and Business Backg
Organization and Business Background | 12 Months Ended |
Apr. 30, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Business Background | 1. ORGANIZATION AND BUSINESS BACKGROUND Gushen, Inc. (the “Company”) was incorporated on March 9, 2015 in the state of Nevada. The Company is a development stage company with nominal operations. The principal activity of the Company is the provision of managerial assistance services including administrative and IT support services for small and medium enterprises (“SMEs”) in their early stage of operations through its subsidiary, Gushen Holding Limited, which incorporated in the Republic of Seychelles. The Company attempts to assist the SMEs which are recently established and at an early stage of operations, but will not participate in the board of the SMEs or making business decision. The primary purpose behind focusing on providing services to companies at this early stage of development will be for the Company to establish and nurture long-term relationships with clients during their growth and development. Gushen, Inc. and its subsidiary are hereinafter referred to as the “Company”. Going Concern These financial statements have been prepared on a going concern basis. The Company has incurred accumulated losses amounting of $68,245 at April 30, 2017 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continues as a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has plans to seek additional capital through a private placement of its Common Stock or further director loans as needed. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Apr. 30, 2017 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation These accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). Basis of consolidation The consolidated financial statements include the financial statements of Gushen, Inc. and its subsidiary. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation. Use of estimates In preparing these consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets, and revenues and expenses during the periods reported. Actual results may differ from these estimates. Cash and cash equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. Revenue recognition In accordance with the Accounting Standard Codification Topic 605 “Revenue Recognition” Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue. The Company derives its revenue from provision of IT consulting and support service based upon the customer’s specifications. The services are billed either on a fixed-fee basis or on a time-and-material basis. Generally, the Company recognizes revenue when services are performed and accepted by the customers. Cost of revenues Cost of revenues represented the purchase costs of computer hardware for re-sale to customer. Income taxes The provision of income taxes is determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company did not have any unrecognized tax positions or benefits and there was no effect on the financial conditions or results of operations for the year ended April 30, 2017 and 2016. The Company and its subsidiary are subject to local and various foreign tax jurisdictions. The Company’s tax returns remain open subject to examination by major tax jurisdictions. Net loss per share The Company calculates net loss per share in accordance with ASC Topic 260 “ Earnings per share outstanding during the period. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive. Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations. The reporting currency of the Company is United States Dollars (“US$”). The Company’s subsidiary in Seychelles maintains its books and record in Hong Kong Dollars (“HK$”), which is functional currency as being the primary currency of the economic environment in which the entity operates. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from HK$ into US$1 has been made at the following exchange rates for the respective periods: As of and for the year ended April 30, 2017 As of and for the year ended April 30, 2016 Year-end / average HK$ : US$1 exchange rate 7.75 7.75 Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. Fair value of financial instruments The carrying value of the Company’s financial instruments: cash and cash equivalents, accounts payable and accrued liabilities, and amount due to a director approximate at their fair values because of the short-term nature of these financial instruments. The Company also follows the guidance of the ASC Topic 820-10, “ Fair Value Measurements and Disclosures 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; and Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Recent accounting pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of such any pronouncements may be expected to cause a material impact on its financial condition or the results of its operations, as follow: In May 2014, the FASB issued Accounting Standards Update No. 2014-09, “ Revenue from Contracts with Customers The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations |
Amount Due from Director
Amount Due from Director | 12 Months Ended |
Apr. 30, 2017 | |
Related Party Transactions [Abstract] | |
Amount Due from Director | 3. AMOUNT DUE FROM A DIRECTOR As of April 30, 2017, the Company advanced to a director of the Company $57,693, which is unsecured, interest-free with no fixed repayment term. The director expected to repay the amount by the end of Second quarter. |
Amount Due to a Director
Amount Due to a Director | 12 Months Ended |
Apr. 30, 2017 | |
Related Party Transactions [Abstract] | |
Amount Due to a Director | 4. AMOUNT DUE TO A DIRECTOR As of April 30, 2016, a director of the Company advanced $1,408,265 to the Company, which is unsecured, interest-free with no fixed repayment term, for working capital purpose. Imputed interest is considered insignificant. |
Income Taxes
Income Taxes | 12 Months Ended |
Apr. 30, 2017 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 5. INCOME TAXES For year ended April 30, 2017 and 2016, the local (United States) and foreign components of (loss) income before income taxes were comprised of the following: For the year ended April 30, 2017 For the year ended April 30, 2016 Tax jurisdictions from: - Local $ (33,340 ) $ (32,996 ) - Foreign, representing Seychelles (400 ) 692 Loss before income tax $ (33,740 ) $ (32,304 ) The provision for income taxes consisted of the following: For the year ended April 30, 2017 For the year ended April 30, 2016 Current: - Local $ - $ - - Foreign - - Deferred: - Local - - - Foreign - - Income tax expense $ - $ - The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company and its subsidiary that operate in various countries: United States and Seychelles that are subject to taxes in the jurisdictions in which they operate, as follows: United States of America Gushen, Inc. is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of April 30, 2017, the operations in the United States of America incurred $67,115 of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss carryforwards begin to expire in 2037, if unutilized. The Company has provided for a full valuation allowance of $23,490 against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future. Seychelles Under the current laws of the Republic of Seychelles (“Seychelles”), Gushen Holding Limited is registered as an international business company which governs by the International Business Companies Act of Seychelles. A company is subject to Seychelles income tax if it does business in Seychelles. A company that incorporated in Seychelles, but does not do business in Seychelles, is not subject to income tax there. Gushen Holding Limited did not do business in Seychelles for the year ended April 30, 2017, and it does not intend to do business in Seychelles in the future. For the year ended April 30, 2017 and 2016, Gushen Holding Limited had a net operating loss of $400 and a net operating income of $692, respectively. Management believes that it is more likely than not that the deferred tax assets will not be fully realizable in the future. Accordingly, the Company provided for a full valuation allowance against its deferred tax assets of $23,490 as of April 30, 2017. During the year ended April 30, 2017, the valuation allowance increased by $11,669, primarily relating to net operating loss carryforwards from the various tax regime. |
Stockholders' Equity
Stockholders' Equity | 12 Months Ended |
Apr. 30, 2017 | |
Equity [Abstract] | |
Stockholders' Equity | 6. STOCKHOLDERS’ EQUITY For the year ended April 30, 2016, the Company issued an aggregate of 88,750 shares of its Common Stock at $0.80 per share, for aggregate gross proceeds of $71,000, for initial public offering. As of April 30, 2017 and 2016, the Company had a total of 29,018,750 and 28,930,000 shares of its common stock issued and outstanding. There are no shares of preferred stock issued and outstanding. |
Concentrations of Risks
Concentrations of Risks | 12 Months Ended |
Apr. 30, 2017 | |
Risks and Uncertainties [Abstract] | |
Concentrations of Risks | 7. CONCENTRATIONS OF RISKS (a) Major customers For the year ended April 30, 2017, there was no customer who accounted for 10% or more of the Company’s revenues with no accounts receivable balance at year-end. For the year ended April 30, 2016, there was one customer who accounted for 100% of the Company’s revenues with no accounts receivable balance at year-end. (b) Major vendors For the year ended April 30, 2017, there was no vendor who accounted for 10% or more of the Company’s cost of revenues with no accounts payable balance at year-end. For the year ended April 30, 2016, there was one vendor who accounted for 100% of the Company’s cost of revenues with accounts payable balance of $1,800 at year-end. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Apr. 30, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 8. COMMITMENTS AND CONTINGENCIES For the year ended April 30, 2017 and 2016, the Company utilized office space of a director and stockholder at no charge. Such costs are immaterial to the financial statements and accordingly are not reflected herein. |
Investment and Divestment
Investment and Divestment | 12 Months Ended |
Apr. 30, 2017 | |
Investment And Divestment | |
Investment and Divestment | 9. INVESTMENT AND DIVESTMENT On August 5, 2016, the Company acquired a Hong Kong company, namely Gushen Credit Limited, with a money lender license registered according to Cap163 Money Lenders Ordinance of Hong Kong. Due to the keen competition and high rental expense in Hong Kong, on April 27, 2017, the Company decided to dispose the asset for a consideration of $105,000 and ceased the business in Hong Kong. On April 28, 2017, the Company, through its subsidiary Gushen Holding Limited, sold two (2) ordinary shares of Gushen Credit Limited to a third party, representing 100% of ownership. The Company, with effect from April 28, 2017, ceased to carry on money lending business in Hong Kong. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Apr. 30, 2017 | |
Subsequent Events [Abstract] | |
Subsequent Events | 10. SUBSEQUENT EVENTS In accordance with ASC Topic 855, “ Subsequent Events |
Summary of Significant Accoun18
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Apr. 30, 2017 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of presentation These accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). |
Basis of Consolidation | Basis of consolidation The consolidated financial statements include the financial statements of Gushen, Inc. and its subsidiary. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation. |
Use of Estimates | Use of estimates In preparing these consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets, and revenues and expenses during the periods reported. Actual results may differ from these estimates. |
Cash and Cash Equivalents | Cash and cash equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. |
Revenue Recognition | Revenue recognition In accordance with the Accounting Standard Codification Topic 605 “Revenue Recognition” Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue. The Company derives its revenue from provision of IT consulting and support service based upon the customer’s specifications. The services are billed either on a fixed-fee basis or on a time-and-material basis. Generally, the Company recognizes revenue when services are performed and accepted by the customers. |
Cost of Revenues | Cost of revenues Cost of revenues represented the purchase costs of computer hardware for re-sale to customer. |
Income Taxes | Income taxes The provision of income taxes is determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company did not have any unrecognized tax positions or benefits and there was no effect on the financial conditions or results of operations for the year ended April 30, 2017 and 2016. The Company and its subsidiary are subject to local and various foreign tax jurisdictions. The Company’s tax returns remain open subject to examination by major tax jurisdictions. |
Net Loss Per Share | Net loss per share The Company calculates net loss per share in accordance with ASC Topic 260 “ Earnings per share outstanding during the period. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive. |
Foreign Currencies Translation | Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations. The reporting currency of the Company is United States Dollars (“US$”). The Company’s subsidiary in Seychelles maintains its books and record in Hong Kong Dollars (“HK$”), which is functional currency as being the primary currency of the economic environment in which the entity operates. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from HK$ into US$1 has been made at the following exchange rates for the respective periods: As of and for the year ended April 30, 2017 As of and for the year ended April 30, 2016 Year-end / average HK$ : US$1 exchange rate 7.75 7.75 |
Related Parties | Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. |
Fair Value of Financial Instruments | Fair value of financial instruments The carrying value of the Company’s financial instruments: cash and cash equivalents, accounts payable and accrued liabilities, and amount due to a director approximate at their fair values because of the short-term nature of these financial instruments. The Company also follows the guidance of the ASC Topic 820-10, “ Fair Value Measurements and Disclosures 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; and Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. |
Recent Accounting Pronouncements | Recent accounting pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of such any pronouncements may be expected to cause a material impact on its financial condition or the results of its operations, as follow: In May 2014, the FASB issued Accounting Standards Update No. 2014-09, “ Revenue from Contracts with Customers The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations |
Summary of Significant Accoun19
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Apr. 30, 2017 | |
Accounting Policies [Abstract] | |
Schedule of Exchange Rates for the Respective Period | Translation of amounts from HK$ into US$1 has been made at the following exchange rates for the respective periods: As of and for the year ended April 30, 2017 As of and for the year ended April 30, 2016 Year-end / average HK$ : US$1 exchange rate 7.75 7.75 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Apr. 30, 2017 | |
Income Tax Disclosure [Abstract] | |
Schedule of Components of Loss Before Income Taxes | For year ended April 30, 2017 and 2016, the local (United States) and foreign components of (loss) income before income taxes were comprised of the following: For the year ended April 30, 2017 For the year ended April 30, 2016 Tax jurisdictions from: - Local $ (33,340 ) $ (32,996 ) - Foreign, representing Seychelles (400 ) 692 Loss before income tax $ (33,740 ) $ (32,304 ) |
Schedule of Provision for Income Taxes | The provision for income taxes consisted of the following: For the year ended April 30, 2017 For the year ended April 30, 2016 Current: - Local $ - $ - - Foreign - - Deferred: - Local - - - Foreign - - Income tax expense $ - $ - |
Organization and Business Bac21
Organization and Business Background (Details Narrative) - USD ($) | Apr. 30, 2017 | Apr. 30, 2016 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Accumulated losses | $ (68,245) | $ (34,505) |
Summary of Significant Accoun22
Summary of Significant Accounting Policies (Details Narrative) | 12 Months Ended |
Apr. 30, 2017 | |
Accounting Policies [Abstract] | |
Tax benefit, description | Greater than 50%. |
Summary of Significant Accoun23
Summary of Significant Accounting Policies - Schedule of Exchange Rates for the Respective Period (Details) | Apr. 30, 2017 | Apr. 30, 2016 |
Accounting Policies [Abstract] | ||
Year-end / average HK$ : US$1 exchange rate | 7.75 | 7.75 |
Amount Due from Director (Detai
Amount Due from Director (Details Narrative) - USD ($) | Apr. 30, 2017 | Apr. 30, 2016 |
Related Party Transactions [Abstract] | ||
Amount due from a director | $ 57,693 |
Amount Due to a Director (Detai
Amount Due to a Director (Details Narrative) - USD ($) | Apr. 30, 2017 | Apr. 30, 2016 |
Related Party Transactions [Abstract] | ||
Amount due to a director | $ 1,408,265 |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) - USD ($) | 12 Months Ended | |
Apr. 30, 2017 | Apr. 30, 2016 | |
Deferred tax assets valuation allowance | $ 23,490 | |
Net operating loss carry forward | 11,669 | |
United States of America [Member] | ||
Cumulative net operating losses | $ 67,115 | |
Net operating loss carry-forwards expiration date | expire in 2037 | |
Deferred tax assets valuation allowance | $ 23,490 | |
Seychelles [Member] | ||
Net operating loss | $ (400) | $ 692 |
Income Taxes - Schedule of Comp
Income Taxes - Schedule of Components of Loss Before Income Taxes (Details) - USD ($) | 12 Months Ended | |
Apr. 30, 2017 | Apr. 30, 2016 | |
Local | $ (33,340) | $ (32,996) |
Loss before income tax | (33,740) | (32,304) |
Seychelles [Member] | ||
Foreign | $ (400) | $ 692 |
Income Taxes - Schedule of Prov
Income Taxes - Schedule of Provision for Income Taxes (Details) - USD ($) | 12 Months Ended | |
Apr. 30, 2017 | Apr. 30, 2016 | |
Income Tax Disclosure [Abstract] | ||
Provision for income taxes Current: Local | ||
Provision for income taxes Current:Foreign | ||
Provision for income taxes Deferred: Local | ||
Provision for income taxes Deferred: Foreign | ||
Income tax expense |
Stockholders' Equity (Details N
Stockholders' Equity (Details Narrative) - USD ($) | 12 Months Ended | |
Apr. 30, 2017 | Apr. 30, 2016 | |
Number of common stock shares issued | 88,750 | |
Proceeds from public offering | $ 71,000 | |
Common stock, shares issued | 29,018,750 | 28,930,000 |
Common stock, shares outstanding | 29,018,750 | 28,930,000 |
Common Stock [Member] | ||
Number of common stock shares issued | 88,750 | 88,750 |
Shares issued price per share | $ .80 | |
Proceeds from public offering | $ 71,000 |
Concentrations of Risks (Detail
Concentrations of Risks (Details Narrative) | 12 Months Ended |
Apr. 30, 2016USD ($)CustomerVendor | |
Accounts Receivable [Member] | One Customer [Member] | |
Concentration Risk [Line Items] | |
Number of customer | Customer | 1 |
Concentration risk, Percentage | 100.00% |
Accounts Payable [Member] | One Vendor [Member] | |
Concentration Risk [Line Items] | |
Concentration risk, Percentage | 100.00% |
Number of vendor | Vendor | 1 |
Accounts payable | $ | $ 1,800 |
Investment and Divestment (Deta
Investment and Divestment (Details Narrative) - Hong Kong [Member] - USD ($) | Apr. 28, 2017 | Apr. 27, 2017 |
Business combination, contingent consideration, disposal the asset | $ 105,000 | |
Gushen Credit Limited [Member] | ||
Sale of ordinary shares | 2 | |
Equity interest percentage | 100.00% |