Cover
Cover - USD ($) | 12 Months Ended | ||
Mar. 31, 2020 | Jul. 13, 2020 | Sep. 30, 2019 | |
Cover [Abstract] | |||
Entity Registrant Name | XENOUS HOLDINGS, INC. | ||
Entity Central Index Key | 0001651932 | ||
Document Type | 10-K | ||
Amendment Flag | false | ||
Entity Voluntary Filers | No | ||
Current Fiscal Year End Date | --03-31 | ||
Entity Well Known Seasoned Issuer | No | ||
Entity Small Business | true | ||
Entity Shell Company | true | ||
Entity Emerging Growth Company | true | ||
Entity Current Reporting Status | Yes | ||
Document Period End Date | Mar. 31, 2020 | ||
Entity Filer Category | Non-accelerated Filer | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2020 | ||
Entity Ex Transition Period | false | ||
Entity Common Stock Shares Outstanding | 760,250,000 | ||
Entity Public Float | $ 2,761,114 | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Entity Interactive Data Current | Yes |
Balance Sheets
Balance Sheets - USD ($) | Mar. 31, 2020 | Mar. 31, 2019 |
Current Assets | ||
Prepaid expenses | $ 0 | $ 7,000 |
Total Current Assets | 0 | 7,000 |
TOTAL ASSETS | 0 | 7,000 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 6,130 | 8,860 |
Accrued interest, related party | 0 | 14,770 |
Due to related parties | 557,067 | 376,356 |
Convertible note payable, related party | 0 | 106,292 |
Total Current Liabilities | 563,197 | 506,278 |
TOTAL LIABILITIES | 563,197 | 506,278 |
STOCKHOLDERS' DEFICIT | ||
Preferred stock, par value $0.001 per share, 10,000,000 shares authorized, no shares issued and outstanding | 0 | 0 |
Common stock, par value $0.001 per share, 10,000,000,000 shares authorized, 760,250,000 shares issued and outstanding | 760,250 | 760,250 |
Capital deficiency | (449,450) | (449,450) |
Accumulated deficit | (873,997) | (810,078) |
Total Stockholders' Deficit | (563,197) | (499,278) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 0 | $ 7,000 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Mar. 31, 2020 | Mar. 31, 2019 |
STOCKHOLDERS' DEFICIT | ||
Preferred stock, shares par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | ||
Preferred stock, shares outstanding | ||
Common stock, shares par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 10,000,000,000 | 10,000,000,000 |
Common stock, shares issued | 760,250,000 | 760,250,000 |
Common stock, shares outstanding | 760,250,000 | 760,250,000 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Statements of Operations | ||
REVENUES | $ 0 | $ 0 |
OPERATING EXPENSES | ||
General and administrative | 8,505 | 22,897 |
Professional fees | 55,414 | 188,101 |
Total operating expenses | 63,919 | 210,998 |
OPERATING LOSS | (63,919) | (210,998) |
OTHER EXPENSE | ||
Interest expense | 0 | (8,503) |
Total other expense | 0 | (8,503) |
NET LOSS | $ (63,919) | $ (219,501) |
Basic and Diluted Loss per Common Share | $ 0 | $ 0 |
Basic and Diluted Weighted Average Number of Common Shares | 760,250,000 | 760,250,000 |
Statements of Changes in Stockh
Statements of Changes in Stockholders' Deficit - USD ($) | Total | Capital Deficiency | Common Stock | Accumulated Deficit |
Balance, shares at Mar. 31, 2018 | 760,250,000 | |||
Balance, amount at Mar. 31, 2018 | $ (279,777) | $ (449,450) | $ 760,250 | $ (590,577) |
Net loss | (219,501) | 0 | $ 0 | (219,501) |
Balance, shares at Mar. 31, 2019 | 760,250,000 | |||
Balance, amount at Mar. 31, 2019 | (499,278) | (449,450) | $ 760,250 | (810,078) |
Net loss | (63,919) | 0 | $ 0 | (63,919) |
Balance, shares at Mar. 31, 2020 | 760,250,000 | |||
Balance, amount at Mar. 31, 2020 | $ (563,197) | $ (449,450) | $ 760,250 | $ (873,997) |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (63,919) | $ (219,501) |
Changes in operating assets and liabilities: | ||
Prepaid expenses | 7,000 | (1,167) |
Accounts payable and accrued liabilities | (2,730) | (32,480) |
Accrued interest, related party | 0 | 8,503 |
Net cash used in operating activities | (59,649) | (244,645) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from related party advances | 59,649 | 244,645 |
Net cash provided by financing activities | 59,649 | 244,645 |
Net changes in cash and cash equivalents | 0 | 0 |
Cash and cash equivalents - beginning of period | 0 | 0 |
Cash and cash equivalents - end of period | 0 | 0 |
Supplemental Cash Flow Disclosures | ||
Cash paid for interest | 0 | 0 |
Cash paid for income taxes | 0 | 0 |
Non-cash investing and financing transactions | ||
Repayment of convertible note and accrued interest payable to former related party by the related party | 121,062 | 0 |
Repayment of amount due to former related parties by the related party | $ 376,356 | $ 0 |
NATURE OF BUSINESS AND CONTINUA
NATURE OF BUSINESS AND CONTINUANCE OF OPERATIONS | 12 Months Ended |
Mar. 31, 2020 | |
NATURE OF BUSINESS AND CONTINUANCE OF OPERATIONS | |
NOTE 1 - NATURE OF BUSINESS AND CONTINUANCE OF OPERATIONS | Xenous Holdings, Inc. (the “Company”) was incorporated on May 20, 1980 as Dayne Weiss and Associates, Inc. under the laws of the State of Utah. On December 19, 2014, the Company completed a change of domicile merger with Concept Holding Corp., a Nevada corporation which became the surviving entity. On July 21, 2017, the Board of Directors of the Company elected to file Articles of Merger with the Nevada SOS whereby it would enter into a statutory merger with its wholly-owned subsidiary, M101 Corp., a Nevada corporation, pursuant to Nevada Revised Statutes 92A.200, et seq. The effect of such merger is the Company is the surviving entity and changed its name to “M101 Corp.” The merger took effect on August 14, 2017. On November 2, 2019, a majority of shareholders approved a resolution to change the name of the Company to Xenous Holdings, Inc. On November 19, 2019, the Company received notice that the Secretary of State of Nevada accepted the Company’s Certificate of Amendment to its Articles of Incorporation to change the name of the Company to Xenous Holdings, Inc. The Company currently has no business operations. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Mar. 31, 2020 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | Basis of Presentation The financial statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). These financial statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States. Use of Estimates The Company prepares its financial statements in conformity with “GAAP”, which require 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 reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Financial Instruments The Company’s financial instruments consist primarily of accounts payable and debts. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments. Related Parties We follow ASC 850, ”Related Party Disclosures,” Prepaid Expenses Prepaid expenses relate to prepayment made for future services in advance and will be expensed over time as the benefit of the services is received in the future, expected within one year. Recently Issued Accounting Pronouncements Management has considered all recent accounting pronouncements issued and believes that these recent pronouncements will not have a material effect on the Company’s financial statements Basic and Diluted Net Loss per Common Share The Company computes basic and diluted earnings per share amounts in accordance with ASC Topic 260, “Earnings per Share The following is a reconciliation of the numerator and denominator used for the computation of basic and diluted net loss per common shares: For the Year Ended March 31, March 31, 2020 2019 Numerator: Net loss available to stockholders $ (63,919 ) $ (219,501 ) Denominator: Weighted average number of common shares- Basic and Diluted 760,250,000 760,250,000 Net loss per common share - Basic and Diluted $ (0.00 ) $ (0.00 ) For the year ended March 31, 2020 and March 31, 2019, the following convertible notes were excluded from the computation of diluted net loss per shares as the result of the computation was anti-dilutive: For the Year Ended March 31, March 31, 2020 2019 (Shares) (Shares) Convertible Note -July 2017 - 10,629,200 Diluted loss per share is the same as basic loss per share during periods where net losses are incurred since the inclusion of the potential common stock equivalents would be anti-dilutive as a result of the net loss Income Taxes The Company accounts for income taxes pursuant to FASB ASC 740 “ Income Taxes. ASC 740 also provides criteria for the recognition, measurement, presentation and disclosure of uncertain tax positions. Under ASC 740, the impact of an uncertain tax position on the income tax return may only be recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. As of March 31, 2020, there were no unrecognized tax benefits (see Note 6). |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
Mar. 31, 2020 | |
GOING CONCERN | |
NOTE 3 - GOING CONCERN | The Company has not yet generated any revenue since its inception and has an operating loss of $63,919 and net loss of $63,919 for the year ended March 31, 2020. As of March 31, 2020, the Company has accumulated deficit of $873,997, and negative working capital of $563,197. The Company’s continuation as a going concern is dependent on its ability to execute its operation plan to generate sufficient cash flows from operations to meet its obligations and/or obtaining additional financing from its shareholders or other sources, as may be required. There can be no assurance that the necessary debt or equity financing will be available or will be available on terms acceptable to the Company. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern; however, the above conditions raise substantial doubt about the Company’s ability to do so. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern. While we believe in the viability of our strategy to generate sufficient revenues in the future and in our ability to raise additional funds, there can be no assurances to that effect. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Mar. 31, 2020 | |
RELATED PARTY TRANSACTIONS | |
NOTE 4 - RELATED PARTY TRANSACTIONS | Repayment of Amount Due to Related Parties During the year ended March 31, 2020, Smartex Investment Ltd., the majority shareholder of the Company which is holding 82% of the Company’s common shares, advanced $59,649 to the Company for operating expenses and repaid to the former director of the Company of $375,106 and a former shareholder of the Company of $1,250. Repayment of Convertible Note On July 5, 2017, the Company issued an 8% convertible note in the principal amount of $106,292 to a former shareholder for the payment of the Company’s promissory notes and accrued interest totaling $84,588 and accounts payable and accrued liabilities of $21,704. The convertible note was due on demand, bore interest of 8% per annum and was convertible at a conversion price of $0.01 per share. No beneficial conversion was recognized because the note conversion price of $0.01 per share exceeded the Company stock trading price of $0.0001 on the grant date. During the year ended March 31, 2020, Smartex Investment Ltd. repaid the convertible note of $106,292 and accrued interest of $14,770. As of March 31, 2020, total amount due to Smartex Investment Ltd. was $557,067 which is non-interest bearing and due on demand. |
SHARE CAPITAL
SHARE CAPITAL | 12 Months Ended |
Mar. 31, 2020 | |
SHARE CAPITAL | |
NOTE 5 - SHARE CAPITAL | Preferred Stock The Company is authorized to issue an aggregate of 10,000,000 shares of preferred stock with a par value of $0.001 per share. As of March 31, 2020 and 2019, no preferred shares have been issued. Common Stock The Company is authorized to issue an aggregate of 10,000,000,000 shares of common stock with a par value of $0.001 per share. As of March 31, 2020, and 2019, the Company had 760,250,000 shares of common stock issued and outstanding. |
INCOME TAX
INCOME TAX | 12 Months Ended |
Mar. 31, 2020 | |
INCOME TAX | |
NOTE 6 - INCOME TAX | The Company provides for income taxes under ASC 740, “ Income Taxes.” On December 22, 2017, the United States enacted the Tax Cuts and Jobs Act (the “Act”) resulting in significant modifications to existing law. The Company implemented the accounting impact of the effects of the Act during the year ended March 31, 2018, including a reduction in the corporate tax rate from 34% to 21% among other changes. The components of the Company’s deferred tax asset and reconciliation of income taxes computed at the statutory rate of 21% to the income tax amount recorded as of March 31, 2020 and 2019 are as follows: March 31, March 31, 2020 2019 Net operating loss carryforward $ (529,060 ) $ (465,141 ) Tax rate 21 % 21 % Deferred tax asset (111,102 ) (97,679 ) Less: Valuation allowance 111,102 97,679 Deferred tax asset $ - $ - The income tax provision differs from the amount of estimated income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the periods ended March 31, 2020 and 2019 due to the following: March 31, March 31, 2020 2019 Net loss $ (63,919 ) $ (219,501 ) Tax rate 21 % 21 % Change in valuation allowance (13,423 ) (46,095 ) Tax at effective rate $ - $ - As of March 31, 2020, the Company had $529,060 of the U.S. net operating losses (the “U.S. NOLs”), which begin to expire between 2034 and 2038. NOLs generated in tax years prior to March 31, 2018, can be carried forward for twenty years, whereas NOLs generated after March 31, 2018 can be carried forward indefinitely. In accordance with Section 382 of the U.S. Internal Revenue Code, the usage of the Company’s net operating loss carry forwards is subject to annual limitations following greater than 50% ownership changes. Tax returns for the years ended 2014 through 2020 are subject to review by the tax authorities. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Mar. 31, 2020 | |
SUBSEQUENT EVENTS | |
NOTE 7 - SUBSEQUENT EVENTS | Management has evaluated subsequent events through the date these financial statements were issued. Based on our evaluation, no events have occurred that require disclosure. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Mar. 31, 2020 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Basis of Presentation | The financial statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). These financial statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States. |
Use of Estimates | The Company prepares its financial statements in conformity with “GAAP”, which require 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 reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Financial Instruments | The Company’s financial instruments consist primarily of accounts payable and debts. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments. |
Related Parties | We follow ASC 850, ”Related Party Disclosures,” |
Prepaid Expenses | Prepaid expenses relate to prepayment made for future services in advance and will be expensed over time as the benefit of the services is received in the future, expected within one year. |
Recently Issued Accounting Pronouncements | Management has considered all recent accounting pronouncements issued and believes that these recent pronouncements will not have a material effect on the Company’s financial statements. |
Basic and Diluted Net Loss per Common Share | The Company computes basic and diluted earnings per share amounts in accordance with ASC Topic 260, “Earnings per Share.” Basic earnings per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the reporting period. Diluted earnings per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock that could share in the earnings of the Company. As of March 31, 2020, there were no potentially dilutive instruments outstanding. At March 31, 2019, convertible notes were dilutive instruments and were not included in the calculation of diluted loss per share as their effect would be antidilutive. The following is a reconciliation of the numerator and denominator used for the computation of basic and diluted net loss per common shares: For the Year Ended March 31, March 31, 2020 2019 Numerator: Net loss available to stockholders $ (63,919 ) $ (219,501 ) Denominator: Weighted average number of common shares- Basic and Diluted 760,250,000 760,250,000 Net loss per common share - Basic and Diluted $ (0.00 ) $ (0.00 ) For the year ended March 31, 2020 and March 31, 2019, the following convertible notes were excluded from the computation of diluted net loss per shares as the result of the computation was anti-dilutive: For the Year Ended March 31, March 31, 2020 2019 (Shares) (Shares) Convertible Note -July 2017 - 10,629,200 Diluted loss per share is the same as basic loss per share during periods where net losses are incurred since the inclusion of the potential common stock equivalents would be anti-dilutive as a result of the net loss. |
Income Taxes | The Company accounts for income taxes pursuant to FASB ASC 740 “ Income Taxes. ASC 740 also provides criteria for the recognition, measurement, presentation and disclosure of uncertain tax positions. Under ASC 740, the impact of an uncertain tax position on the income tax return may only be recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. As of March 31, 2020, there were no unrecognized tax benefits (see Note 6). |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended |
Mar. 31, 2020 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Schedule of earnings per share basic and diluted | For the Year Ended March 31, March 31, 2020 2019 Numerator: Net loss available to stockholders $ (63,919 ) $ (219,501 ) Denominator: Weighted average number of common shares- Basic and Diluted 760,250,000 760,250,000 Net loss per common share - Basic and Diluted $ (0.00 ) $ (0.00 ) |
Schedule of Exclusion of common stock from diluted share | For the Year Ended March 31, March 31, 2020 2019 (Shares) (Shares) Convertible Note -July 2017 - 10,629,200 |
INCOME TAX (Tables)
INCOME TAX (Tables) | 12 Months Ended |
Mar. 31, 2020 | |
INCOME TAX | |
Schedule of Deferred Tax Assets | March 31, March 31, 2020 2019 Net operating loss carryforward $ (529,060 ) $ (465,141 ) Tax rate 21 % 21 % Deferred tax asset (111,102 ) (97,679 ) Less: Valuation allowance 111,102 97,679 Deferred tax asset $ - $ - |
Schedule of income tax provision | March 31, March 31, 2020 2019 Net loss $ (63,919 ) $ (219,501 ) Tax rate 21 % 21 % Change in valuation allowance (13,423 ) (46,095 ) Tax at effective rate $ - $ - |
NATURE OF BUSINESS AND CONTIN_2
NATURE OF BUSINESS AND CONTINUANCE OF OPERATIONS (Detail Narrative) | Nov. 02, 2019 |
NATURE OF BUSINESS AND CONTINUANCE OF OPERATIONS | |
Name change of company description | A majority of shareholders approved a resolution to change the name of the Company to Xenous Holdings, Inc. (the Company) |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) | 12 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Numerator: | ||
Net loss | $ (63,919) | $ (219,501) |
Denominator: | ||
Weighted average number of common shares- Basic and Diluted | 760,250,000 | 760,250,000 |
Net loss per common share - Basic and Diluted | $ 0 | $ 0 |
SUMMARY OF SIGNIFICANT ACCOUN_5
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - shares | 12 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||
Convertible Note- July 2017 | 10,629,200 |
GOING CONCERN (Detail Narrative
GOING CONCERN (Detail Narrative) - USD ($) | 12 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
GOING CONCERN | ||
OPERATING LOSS | $ (63,919) | $ (210,998) |
Net loss | (63,919) | (219,501) |
Accumulated deficit | (873,997) | $ (810,078) |
Working capital deficit | $ (563,197) |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | Jul. 05, 2017 | Mar. 31, 2020 | Mar. 31, 2019 |
Due to related party | $ 557,067 | $ 376,356 | |
Proceeds from related party debt one | 59,649 | 244,645 | |
Accrued interest payable | 0 | 14,770 | |
Convertible Note - July 2017 | 0 | $ 106,292 | |
Promissory Notes [Member] | |||
Accrued interest payable | $ 84,588 | ||
Convertible Note - July 2017 | 106,292 | ||
Accounts payable and accrued liabilities | $ 21,704 | ||
Interest rate | 8.00% | ||
Conversion price | $ 0.01 | ||
Trading price per share | $ 0.0001 | ||
Former Director [Member] | |||
Due to related party | 375,106 | ||
Former Shareholder [Member] | |||
Due to related party | 1,250 | ||
Majority shareholder [Member] | |||
Due to related party | 106,292 | ||
Proceeds from related party debt one | 59,649 | ||
Accrued interest payable | $ 14,770 |
SHARE CAPITAL (Details Narrativ
SHARE CAPITAL (Details Narrative) - $ / shares | Mar. 31, 2020 | Mar. 31, 2019 |
SHARE CAPITAL (Details Narrative) | ||
Preferred stock, par value, per share in dollars | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, par value in dollars | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 10,000,000,000 | 10,000,000,000 |
Common stock, shares issued | 760,250,000 | 760,250,000 |
Common stock, shares outstanding | 760,250,000 | 760,250,000 |
INCOME TAX (Details)
INCOME TAX (Details) - USD ($) | 12 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
INCOME TAX | ||
Net operating loss carryforward | $ (529,060) | $ (465,141) |
Tax rate | 21.00% | 21.00% |
Deferred tax asset | $ (111,102) | $ (97,679) |
Less: Valuation allowance | 111,102 | 97,679 |
Deferred tax asset | $ 0 | $ 0 |
INCOME TAXES (Details 1)
INCOME TAXES (Details 1) - USD ($) | 12 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
INCOME TAX | ||
Net loss | $ (63,919) | $ (219,501) |
Tax rate | 21.00% | 21.00% |
Change in valuation allowance | $ (13,423) | $ (46,095) |
Tax at effective rate | $ 0 | $ 0 |
INCOME TAX (Details Narrative)
INCOME TAX (Details Narrative) | 12 Months Ended |
Mar. 31, 2020USD ($) | |
INCOME TAX | |
Net operating loss carryforward | $ 529,060 |
Description of reduction in corporate tax rate | Reduction in the corporate tax rate from 34% to 21% among other changes. |
Description of expire date | Expire between 2034 and 2038. |