| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis
of Presentation The
accompanying unaudited condensed financial statements are prepared in accordance with Rule 8-01 of Regulation S-X of the Securities Exchange
Commission (“SEC”). Accordingly, certain information and note disclosures normally included in financial statements prepared
in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) have been condensed
or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures included in these unaudited condensed
financial statements are adequate to make the information presented not misleading. The unaudited condensed financial statements included
in this document have been prepared on the same basis as the annual financial statements, and in our opinion reflect all adjustments,
which include normal recurring adjustments necessary for a fair presentation in accordance with US GAAP and SEC regulations for interim
financial statements. The results for the three months ended March 31, 2024 are not necessarily indicative of the results that the Company
will have for any subsequent period or for the calendar year ending December 31, 2024. These unaudited condensed financial statements
should be read in conjunction with the audited financial statements and the notes to those statements for the year ended December 31,
2023 which was filed with the SEC on March 29, 2024. Liquidity,
Going Concern and Uncertainties These
unaudited condensed financial statements have been prepared in conformity with US GAAP, which contemplate continuation of the Company
as a going concern. To date, the Company’s commercial operations have not generated sufficient revenues to enable profitability.
As of March 31, 2024, the Company had an accumulated deficit of $ 43,362,357 224,941 55,558 4,596,323 The
Company’s continued operations will depend on its ability to raise additional capital through various potential sources, such as
future equity offerings and/or debt financings, strategic relationships, and to successfully execute its business plans. The Company
has relied upon advances from its Chairman, majority stockholder to fund operations since inception. Management is actively pursuing
financing, but can provide no assurances that such financing will be available on acceptable terms, or at all. Without this funding,
the Company could be required to delay, scale back or eliminate some or all of its business plans which would likely have a material
adverse effect on the Company. The
unaudited condensed financial statements do not include any adjustments relating to the recoverability and classification of asset carrying
amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern. Generally,
the Company’s operations are subject to a number of factors that can affect its operating results and financial condition. Such
factors include, but are not limited to, the results of its marketing efforts to attract users for its software solutions and rapidly
changing technology, the successful launch and the acceptance of its software solutions in the marketplace, competition of its software
solutions, attraction of talented and skilled employees to support the business and the ability to raise capital to support its operations. Use
of Estimates The
preparation of the unaudited condensed financial statements 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 unaudited condensed financial
statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
Certain of our estimates could be affected by external conditions, including those unique to our industry, and general economic conditions.
It is possible that these external factors could have an effect on our estimates that could cause actual results to differ from our estimates.
We re-evaluate all of our accounting estimates at least quarterly based on these conditions and record adjustments when necessary. Significant
estimates made by management include the valuation of deferred tax assets. Fair
Value of Financial Instruments and Fair Value Measurements The
carrying amounts reported in the balance sheet for cash, accounts payable, accrued expenses, and due to stockholder approximate their
fair value based on the short-term maturity of these instruments. The carrying amount reported in the balance sheet for the convertible
note payable-related party approximates its fair value based on the valuation on the issue date as discussed in Note 3 below. The Company
did not have any non-financial assets or liabilities that are measured at fair value on a recurring basis as of March 31, 2024 or December
31, 2023. Cash The
Company considers cash and cash equivalents to include all stable, highly liquid investments with maturities of three months or less.
There are no Accounts
Receivable Accounts
receivable are recorded as revenue is earned and billed during the period the on-line classes are conducted. The billings are due within
30 days of the billing date. The Company monitors accounts receivable and provides allowances for expected credit losses when considered
necessary. Accounts receivable were $ 0 No As
of March 31, 2024 and 2023, and for the three months then ended, the Company had no customers or revenue. Leases The
Company accounts for leases under ASU 2016-02. Operating leases are included in operating lease right-of-use (“ROU”) assets
and operating lease liabilities on the condensed balance sheets. Operating
lease ROU assets represent the right to use the leased asset for the lease term and operating lease liabilities are recognized based
on the present value of the future minimum lease payments over the lease term at commencement date. As most leases do not provide an
implicit rate, the Company uses an incremental borrowing rate based on the information available at the adoption date in determining
the present value of future payments. Operating lease expense is recognized on a straight-line basis over the lease term and is included
in general and administrative expenses in the unaudited condensed statements of operations. As
of March 31, 2024 and December 31, 2023, the Company had no lease related agreements. Intangible
Assets Intangible
assets are initially capitalized at cost, which includes the purchase price (net of any discounts and rebates) and other directly attributable
costs of preparing the asset for its intended use. Direct expenditure including employee costs, which enhances or extends the performance
of computer software beyond its specifications and which can be reliably measured, is added to the original cost of the software. Costs
associated with maintaining the computer software are recognized as an expense when incurred. Computer software is subsequently carried
at cost less accumulated amortization and accumulated impairment losses. These costs are amortized to profit or loss using the straight-line
method over their estimated useful lives of five years 0 400 Revenue
Recognition The
Company recognizes revenues when its customer obtains control of promised goods or services, in an amount that reflects the consideration
which the entity expects to receive in exchange for those goods or services. The Company anticipates receiving revenue from licensing
its software to customers. To determine the appropriate amount of revenue to be recognized for arrangements determined to be within the
scope of ASC 606, the Company performs the following five steps: (i) identification of the promised goods or services in the contract;
(ii) determination of whether the promised goods or services are performance obligations including whether they are distinct in the context
of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the
transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance
obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect consideration
it is entitled to in exchange for the goods or services it transfers to the customer. The
Company recognized no Stock
Based Compensation Stock-based
compensation is accounted for based on the requirements of ASC 718 – “Compensation –Stock Compensation Improvements to Employee Share-Based Payment Stock
compensation expense was zero Income
Taxes Deferred
income tax assets and liabilities arise from temporary differences associated with differences between the financial statements and tax
basis of assets and liabilities, as measured by the enacted tax rates, which are expected to be in effect when these differences reverse.
Deferred tax assets and liabilities are classified as current or non-current, depending upon the classification of the assets or liabilities
to which they relate. Deferred tax assets and liabilities not related to an asset or liability are classified as current or non-current
depending on the periods in which the temporary differences are expected to reverse. Valuation allowances are established when necessary
to reduce deferred tax assets to the amount expected to be realized. The
Company follows the provisions of FASB ASC 740-10 “Uncertainty in Income Taxes” (ASC 740-10). Certain recognition thresholds
must be met before a tax position is recognized in the financial statements. An entity may only recognize or continue to recognize tax
positions that meet a “more-likely-than-not” threshold. As of March 31, 2024 and December 31, 2023, the Company does not
believe it has any uncertain tax positions that would require either recognition or disclosure in the accompanying unaudited condensed
financial statements. Net
Loss per Common Share The
Company reports net loss per share in accordance with ASC Topic 260-10, “Earnings per Share.” Basic loss per share is computed
by dividing loss available to common stockholders by the weighted average number of shares of common stock outstanding. Diluted loss
per share is computed similarly 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 shares had been issued and were dilutive. As
of March 31, 2024 and December 31, 2023, the Company had a convertible note payable outstanding with a related party that is convertible
into 100,000,000 Recently
Issued Accounting Pronouncements Recent
Accounting Pronouncements - Adopted In
June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses
on Financial Instruments Recent
Accounting Pronouncements - Not Yet Adopted In
December 2023 FASB issued Accounting Standards Update (ASU) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures
The guidance
requires the rate reconciliation to include specific categories and provides further guidance on disaggregation of those categories based
on a quantitative threshold equal to 5% or more of the amount determined by multiplying pretax income (loss) from continuing operations
by the applicable statutory rate. For entities reconciling to the US statutory rate of 21%, this would generally require disclosing any
reconciling items that impact the rate by 1.05% or more. The
Company considers the applicability and impact of all recently issued accounting pronouncements. Recent accounting pronouncements not
specifically identified in our disclosures are either not applicable to the Company or are not expected to have a material effect on
our financial condition or results of operations. |
