AIFarm (AIFM) 10-K 14 May 20 2019 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	May 14, 2020	Jun. 30, 2019
Document And Entity Information
Entity Registrant Name	AIFARM, LTD.
Entity Central Index Key	0001650505
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	No
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		0
Entity Public Float			$ 0
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	Z4
Entity File Number	001-37630

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash	$ 88,274	$ 97,118
Total Assets	88,274	97,118
Liabilities
Accounts payable and accrued liabilities	5,829	6,370
Advances payable (Note 3)	54,732	0
Due to related parties (Note 4)	3,421,085	3,584,350
Total Liabilities	3,481,646	3,590,720
STOCKHOLDERS' DEFICIT:
Common stock, 75,000,000 shares authorized, $0.0001 par value 676,827 (2018 – 505,793) shares issued and outstanding	68	51
Additional paid-in capital	3,584,801	2,957,900
Share subscriptions received (Note 5)	29,394	0
Share subscriptions receivable (Note 5)	(5,250)	0
Accumulated other comprehensive income	711,123	714,858
Accumulated deficits	(6,168,035)	(5,620,946)
Total Eco Energy Tech Asia, Ltd's deficit	(1,847,899)	(1,948,137)
Non-controlling interests	(1,545,473)	(1,545,465)
Total Shareholders' Deficit	(3,393,372)	(3,493,602)
Total Liabilities and Shareholders' Deficit	$ 88,274	$ 97,118

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	676,827	505,793
Common stock, shares outstanding	676,827	505,793

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Expenses:
General and administrative	$ 487,134	$ 85,297
Total expenses	487,134	85,297
LOSS FROM OPERATIONS	(487,134)	(85,297)
Other income (expense)
Loss on settlement of related party debt (Note 5)	(60,000)	(26,000)
Interest income	37	722
Total other income (expense)	(59,963)	(25,278)
Net loss	(547,097)	(110,575)
Loss attributable to non-controlling interests	8	780
Net loss attributable to Eco Energy Tech Asia, Ltd..	(547,089)	(109,795)
Other comprehensive income (loss)
Foreign currency translation gain (loss)	(3,735)	216,529
Comprehensive income (loss) for they year	$ (550,824)	$ 106,734
Loss per share attributable to Eco Energy Tech Asia, Ltd. share holders:
Basic and Diluted	$ (0.97)	$ (0.30)
Weighted average shares outstanding used in the calculation of net loss attributable to Eco Energy Tech Asia, Ltd. per common share
Basic and Diluted	566,114	368,650

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)	Common Stock	Additional Paid-In Capital	Shares subscriptions received	Share subscriptions receivable	Accumulated Other Comprehensive Income	Accumulated Deficit	Non-Controlling Interests	Total
Beginning balance, shares at Dec. 31, 2017	244,710
Beginning balance, amount at Dec. 31, 2017	$ 25	$ 1,427,924	$ 0	$ 0	$ 498,329	$ (5,511,151)	$ (1,544,685)	$ (5,129,558)
Common stock issued for cash, shares	81,083
Common stock issued for cash, amount	$ 8	703,994						704,002
Common stock issued to settle related party debt, shares	180,000
Common stock issued to settle related party debt, amount	$ 18	825,982						826,000
Foreign currency translation adjustment					216,529			216,529
Net loss for the year						(109,795)	(780)	(110,575)
Ending balance, shares at Dec. 31, 2018	505,793
Ending balance, amount at Dec. 31, 2018	$ 51	2,957,900	0	0	714,858	(5,620,946)	(1,545,465)	(3,493,602)
Common stock issued for cash, shares	111,034
Common stock issued for cash, amount	$ 11	506,907		(5,250)				501,668
Common stock issued to settle related party debt, shares	60,000
Common stock issued to settle related party debt, amount	$ 6	119,994						120,000
Share subscriptions received			29,394					29,394
Foreign currency translation adjustment					(3,735)			(3,735)
Net loss for the year						(547,089)	(8)	(547,097)
Ending balance, shares at Dec. 31, 2019	676,827
Ending balance, amount at Dec. 31, 2019	$ 68	$ 3,584,801	$ 29,394	$ (5,250)	$ 711,123	$ (6,168,035)	$ (1,545,473)	$ (3,393,372)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash Flows from Operating Activities
Net loss	$ (547,097)	$ (110,575)
Adjustments to reconcile net profit (loss) to net cash used in operating activities:
Loss on settlement of related party debt	60,000	26,000
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	(541)	4,067
Due to related parties	(103,265)	(1,326,855)
Net Cash Used In Operating Activities	(590,903)	(1,407,363)
Cash Flows from Financing Activities
Advance payable	54,732	0
Proceeds from common stock issued / share subscriptions received	531,062	704,002
Net Cash (Used In) Provided By Financing Activities	585,794	704,002
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(3,735)	216,529
Change in cash	(8,844)	(486,832)
Cash and Cash Equivalents at Beginning of Year	97,118	583,950
Cash and Cash Equivalents at End of Year	88,274	97,118
Non-cash investing and financing activities:
Common stock issued to settle related party debt	120,000	826,000
Supplemental Disclosure of Cash Flow Information:
Cash paid for - Interest	0	0
Cash paid for - Income taxes	$ 0	$ 0

1. ORGANIZATION AND PRINCIPAL A

1. ORGANIZATION AND PRINCIPAL ACTIVITIES	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND PRINCIPAL ACTIVITIES	Eco Energy Tech Asia, Ltd. (the “Company”) was incorporated in the State of Nevada January 20, 2015. On January 21, 2020, the Company changed its name to AIFarm, Ltd. On February 27, 2015, the Company entered into a share exchange agreement with Eco Energy Tech Asia Limited (“EETA”) to issue 20,000,000 shares of its common stock to the shareholder of EETA in exchange for 100% of the EETA shares owned by the shareholder. Upon the closing of the share exchange agreement, EETA became a wholly-owned subsidiary of the Company. EETA was incorporated under the laws of Hong Kong on December 27, 2012. The wholly-owned subsidiary of EETA, 3986489 Canada Inc. (“3CI”) was incorporated in British Columbia, Canada on December 17, 2001. 3CI acquired a 60% equity interest in 7582919 Canada Inc. (“7CI”) on June 21, 2014. EETA and 3CI are engaged in investment holdings. 7CI was incorporated in British Columbia, Canada on June 21, 2010. The initial name was Renergy Foods Canada Inc. On March 6, 2012, Renergy Foods Canada Inc. changed its name to NuAgri, Inc. On October 1, 2013, NuAgri, Inc. changed its name to 7582919 Canada Inc. 7CI is engaged in developing a proprietary growing system that designs and builds custom biodomes ranging in size appropriate for global commercial agricultural concerns as well as small local producers. On June 30, 2016, 3CI further acquired the equity interests of 7CI from 83.48% to 92.4%. On March 11, 2020, the World Health Organization declared COVID-19 a global pandemic. This contagious disease outbreak and any related adverse public health developments, has adversely affected workforces, economies, and financial markets globally, leading to an economic downturn. The impact on the Company is not currently determinable, but management continues to monitor the situation. These consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. As at December 31, 2019, the Company has not generated any revenues, has a working capital deficit of $3,393,372, and has an accumulated deficit of $6,168,035. The Company currently has limited liquidity, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

2. SUMMARY OF SIGNIFICANT ACCOU

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	(a) Basis of Presentation and Consolidation These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in U.S. dollars. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, EETA and 3CI, and 92.4% owned subsidiary 7CI. All inter-company accounts and transactions have been eliminated on consolidation. (b) Use of Estimates The preparation of consolidated financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses in the reporting period. The Company regularly evaluates estimates and assumptions related to fair value of stock-based compensation and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. (c) Cash and Cash Equivalents The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. (d) Income Taxes The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes”. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. The Company has not recorded any amounts pertaining to uncertain tax positions. (e) Stock-based Compensation The Company records stock-based compensation in accordance with ASC 718, “Compensation – Stock Compensation” and ASC 505, “Equity Based Payments to Non-Employees”, using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. (f) Foreign Currency Translation The Company’s functional and reporting currency is the U.S. dollar. The functional currency of EETA is the Hong Kong dollar. The functional currency of 3CI and 7CI is the Canadian dollar. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets, liabilities and items recorded in income arising from transactions denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income. The assets and liabilities of EETA, 3CI, and 7CIare translated into U.S. dollars using the exchange rate in effect at the balance sheet date. Revenue and expenses are translated using the average exchange rates during the period. Related exchange gains and losses are included in a separate component of stockholders’ equity as accumulated other comprehensive income (loss). (g) Financial Instruments ASC 820, “Fair Value Measurements and Disclosures”, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company’s financial instruments consist principally of cash, accounts payable and accrued liabilities, advances payable, and amounts due to related parties. Pursuant to ASC 820, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. (h) Loss Per Share The Company computes earnings (loss) per share in accordance with ASC 260, “Earnings per Share”. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the statement of operations. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. (i) Comprehensive Loss Comprehensive loss consists of net loss and other related gains and losses affecting stockholders’ equity that are excluded from net income or loss. As at December 31, 2019 and 2018, comprehensive loss includes cumulative translation adjustments for changes in foreign currency exchange rates during the period. (j) Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

3. ADVANCES PAYABLE

3. ADVANCES PAYABLE	12 Months Ended
	Dec. 31, 2019
Notes Payable [Abstract]
ADVCANCES PAYABLE	As at December 31, 2019, the Company owes $54,732 (2018 - $nil) to various individuals who overpaid on their share subscriptions.

4. RELATED PARTY TRANSACTIONS

4. RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	(a) As at December 31, 2019, the Company owed $3,343,936 (2018 – $3,511,058) to the President of the Company which is non-interest bearing, unsecured, and due on demand. (b) As at December 31, 2019, the Company owed $77,149 (2018 - $73,292) to the brother of the President of the Company, which is non-interest bearing, unsecured, and due on demand.

5. COMMON STOCK

5. COMMON STOCK	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
COMMON STOCK	(a) During the year ended December 31, 2019, the Company issued 111,034 shares of common stock for proceeds of $506,918, of which $5,250 was recorded as share subscriptions receivable as at December 31, 2019. (b) As at December 31, 2019, the Company has share subscriptions received of $29,394 (2018 - $nil). (c) On October 27, 2019, the Company issued 60,000 shares of common stock with a fair value of $120,000 to settle $60,000 owed to the President of the Company. This resulted in a loss on settlement of debt of $60,000. (d) During the year ended December 31, 2018, the Company issued 81,803 shares of common stock for proceeds of $704,002. (e) On July 1, 2018, the Company issued 100,000 shares of common stock with a fair value of $410,000 to settle $500,000 owed to the President of the Company. This resulted in a gain on settlement of debt of $90,000. (f) On September 13, 2018, the Company issued 80,000 shares of common stock with a fair value of $416,000 to settle $300,000 owed to the President of the Company. This resulted in a loss on settlement of debt of $116,000.

6. INCOME TAXES

6. INCOME TAXES	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	The Company has net operating losses carried forward of $6,705,299 available to offset taxable income in future years which commence expiring in the year 2033. The Company is subject to United States federal and state income taxes at an approximate rate of 21%. The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows: 2019 $ 2018 $ Net loss before income taxes (547,089 ) (110,575 ) Statutory income tax rate 21 % 21 % Expected income tax provision (recovery) (114,889 ) (23,221 ) Change in valuation allowance 114,889 23,221 Income tax provision – – The significant components of deferred income tax assets and liabilities as at December 31, 2019 and 2018 are as follows: 2019 $ 2018 $ Net operating losses carried forward 1,408,113 1,293,224 Valuation allowance (1,408,113 ) (1,293,224 ) Net deferred income tax asset – –

7. SUBSEQUENT EVENT

7. SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENT	Subsequent to December 31, 2019, the Company effected a 1-for-100 share consolidation. All share amounts have been retroactively restated for all periods presented.

2. SUMMARY OF SIGNIFICANT ACC_2

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of presentation	These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in U.S. dollars. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, EETA and 3CI, and 92.4% owned subsidiary 7CI. All inter-company accounts and transactions have been eliminated on consolidation.
Use of estimates	The preparation of consolidated financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses in the reporting period. The Company regularly evaluates estimates and assumptions related to fair value of stock-based compensation and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
Cash and Cash Equivalents	The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents.
Income taxes	The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes”. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. The Company has not recorded any amounts pertaining to uncertain tax positions.
Stock-based Compensation	The Company records stock-based compensation in accordance with ASC 718, “Compensation – Stock Compensation” and ASC 505, “Equity Based Payments to Non-Employees”, using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.
Foreign currency translation	The Company’s functional and reporting currency is the U.S. dollar. The functional currency of EETA is the Hong Kong dollar. The functional currency of 3CI and 7CI is the Canadian dollar. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets, liabilities and items recorded in income arising from transactions denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income. The assets and liabilities of EETA, 3CI, and 7CI are translated into U.S. dollars using the exchange rate in effect at the balance sheet date. Revenue and expenses are translated using the average exchange rates during the period. Related exchange gains and losses are included in a separate component of stockholders’ equity as accumulated other comprehensive income (loss).
Financial Instruments	ASC 820, “Fair Value Measurements and Disclosures”, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company’s financial instruments consist principally of cash, accounts payable and accrued liabilities, advances payable, and amounts due to related parties. Pursuant to ASC 820, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.
Loss Per Share	The Company computes earnings (loss) per share in accordance with ASC 260, “Earnings per Share”. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the statement of operations. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.
Comprehensive Loss	Comprehensive loss consists of net loss and other related gains and losses affecting stockholders’ equity that are excluded from net income or loss. As at December 31, 2019 and 2018, comprehensive loss includes cumulative translation adjustments for changes in foreign currency exchange rates during the period.
Recent accounting pronouncements	The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

6. INCOME TAXES (Tables)

6. INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of income tax expense	2019 $ 2018 $ Net loss before income taxes (547,089 ) (110,575 ) Statutory income tax rate 21 % 21 % Expected income tax provision (recovery) (114,889 ) (23,221 ) Change in valuation allowance 114,889 23,221 Income tax provision – –
Deferred tax assets	2019 $ 2018 $ Net operating losses carried forward 1,408,113 1,293,224 Valuation allowance (1,408,113 ) (1,293,224 ) Net deferred income tax asset – –

5. COMMON STOCK (Details Narrat

5. COMMON STOCK (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Equity [Abstract]
Proceeds from common stock issuance	$ 506,918
Subscriptions receivable	$ 5,250
Common stock, shares issued	676,827	505,793
Common stock, shares outstanding	676,827	505,793
Subscriptions received	$ 29,394

6. INCOME TAXES (Details)

6. INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Net loss before income taxes	$ (547,089)	$ (110,575)
Statutory income tax rate	21.00%	21.00%
Expected income tax provision (recovery)	$ (114,889)	$ (23,221)
Change in valuation allowance	114,889	(23,221)
Income tax provision	$ 0	$ 0

6. INCOME TAXES (Details 1)

6. INCOME TAXES (Details 1) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Net operating losses carried forward	$ 1,408,113	$ 1,293,224
Valuation allowance	(1,408,113)	(1,293,224)
Net deferred income tax asset	$ 0	$ 0