Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | |
May 31, 2017 | Jul. 26, 2017 | |
Document And Entity Information | ||
Entity Registrant Name | Momentous Holdings Corp. | |
Entity Central Index Key | 1,653,876 | |
Document Type | 10-K | |
Document Period End Date | May 31, 2017 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --05-31 | |
Is Entity a Well-known Seasoned Issuer? | No | |
Is Entity a Voluntary Filer? | No | |
Is Entity's Reporting Status Current? | Yes | |
Entity Filer Category | Smaller Reporting Company | |
Entity Public Float | $ 0 | |
Entity Common Stock, Shares Outstanding | 3,785,000 | |
Document Fiscal Period Focus | FY | |
Document Fiscal Year Focus | 2,017 |
Balance Sheet
Balance Sheet - USD ($) | May 31, 2017 | May 31, 2016 |
Current Assets | ||
Cash | $ 3,967 | $ 37,154 |
Prepaid expenses | 0 | 561 |
Accounts receivable | 40 | 67 |
Total Current Assets | 4,007 | 37,782 |
Property & Equipment, net of accumulated depreciation of $948 and $758, respectively. | 188 | 537 |
TOTAL ASSETS | 4,195 | 38,319 |
Current Liabilities | ||
Accounts payable | 9,757 | 5,401 |
Advances from related party | 9,930 | 11,318 |
Total Current Liabilities | 19,687 | 16,719 |
Total Liabilities | 19,687 | 16,719 |
Stockholders' Equity (Deficit) | ||
Preferred stock, $0.001 par value, 10,000,000 shares authorized; 0 shares issued and outstanding as of May 31, 2017 and May 31, 2016, respectively | 0 | 0 |
Common stock, $0.001 par value, 75,000,000 shares authorized; 3,785,000 shares issued and outstanding as of May 31, 2017 and May 31, 2016. | 3,785 | 3,785 |
Additional paid-in capital | 57,615 | 57,615 |
Accumulated deficit | (76,681) | (42,336) |
Accumulated other comprehensive income | (211) | 2,536 |
Total Stockholders' Equity (Deficit) | (15,492) | 21,600 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $ 4,195 | $ 38,319 |
Balance Sheet (Parenthetical)
Balance Sheet (Parenthetical) - USD ($) | May 31, 2017 | May 31, 2016 |
Statement of Financial Position [Abstract] | ||
Accumulated depreciation | $ 948 | $ 758 |
Preferred stock, par value | $ .001 | $ .001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ .001 | $ .001 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 3,785,000 | 3,785,000 |
Common stock, shares outstanding | 3,785,000 | 3,785,000 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
May 31, 2017 | May 31, 2016 | |
Income Statement [Abstract] | ||
Revenues | $ 176 | $ 694 |
Operating Expenses | ||
General and administrative expenses | 34,521 | 24,739 |
Total Operating Expenses | 34,521 | 24,739 |
Loss before Provision for Income Taxes | (34,345) | (24,045) |
Provision for Income (Credits) Taxes | 0 | 0 |
Net Loss | (34,345) | (24,045) |
Other Comprehensive Loss | ||
Foreign currency translation adjustment | (2,747) | 1,677 |
Total Comprehensive (Loss) Income | $ (37,092) | $ (22,368) |
Net Loss per Share: Basic and Diluted | $ (.01) | $ (0.01) |
Weighted Average Number of Shares Outstanding: Basic and Diluted | 3,785,000 | 2,506,758 |
Statement of Stockholders' Equi
Statement of Stockholders' Equity - USD ($) | Preferred Stock | Common Stock | Additional Paid-In Capital | Stock Subscription Receivable | Accumulated Deficit | Accumulated Other Comprehensive Income | Total |
Beginning balance, shares at May. 31, 2015 | 0 | 2,500,000 | |||||
Beginning balance, value at May. 31, 2015 | $ 0 | $ 2,500 | $ 7,500 | $ (10,000) | $ (18,291) | $ 859 | $ (17,432) |
Net loss | (24,045) | (24,045) | |||||
Stock subscription received, value | 10,000 | 10,000 | |||||
Common stock issued, shares | 1,285,000 | ||||||
Common stock issued, value | $ 1,285 | 50,115 | 51,400 | ||||
Foreign currency translation adjustment | 1,677 | 1,677 | |||||
Ending balance, shares at May. 31, 2016 | 0 | 3,785,000 | |||||
Ending balance, value at May. 31, 2016 | $ 0 | $ 3,785 | 57,615 | 0 | (42,336) | 2,536 | 21,600 |
Net loss | (34,345) | (34,345) | |||||
Foreign currency translation adjustment | (2,747) | (2,747) | |||||
Ending balance, shares at May. 31, 2017 | 0 | 3,785,000 | |||||
Ending balance, value at May. 31, 2017 | $ 0 | $ 3,785 | $ 57,615 | $ 0 | $ (76,681) | $ (211) | $ (15,492) |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
May 31, 2017 | May 31, 2016 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (34,345) | $ (24,045) |
Adjustments to reconcile net loss to net cash used in operating activities | ||
Depreciation expense | 283 | 331 |
Changes in assets and liabilities: | ||
Accounts payable | 4,356 | 408 |
Accounts receivable | 27 | (67) |
Prepaid expenses | 560 | (561) |
Net cash used in operating activities | (29,118) | (23,933) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Repayments to related party, net | (1,388) | (2,002) |
Proceeds from the sale of common stock | 0 | 61,400 |
Net cash provided by (used in) financing activities | (1,388) | 59,398 |
Effect of exchange rate changes on cash | (2,681) | 1,689 |
Changes in cash during the year | (33,187) | 37,154 |
Cash at beginning of year | 37,154 | 0 |
Cash at end of year | $ 3,967 | $ 37,154 |
1. Organization, Description of
1. Organization, Description of Business and Principles of Consolidation | 12 Months Ended |
May 31, 2017 | |
Accounting Policies [Abstract] | |
Organization, Description of Business and Principles of Consolidation | We were incorporated as Momentous Holdings Corp. (the “Company”) on May 29, 2015 in the State of Nevada for the purpose of designing, acquiring and developing mobile apps and mobile software for download by end consumers. Prior to forming Momentous Holdings Corp., Mr. Horan, our founder and president, operated the business as a sole proprietor under the dba “Health & Fitness Apps”. He started the business on December 2, 2013, when he purchased a computer, and started working on product designs and the company’s website. The first sales occurred in early 2014, prior to the formation of Momentous Holdings Corp. Subsequently, Mr. Horan contributed the business assets and liabilities of his sole proprietorship into Momentous Holdings Corp., in exchange for 500,000 shares of our common stock. Our overall aim is to design, acquire and develop mobile applications (‘app/apps’) and mobile software for download by end consumers. Our goal is to have a training, health and fitness, well-being app for everyone. |
2. Going Concern
2. Going Concern | 12 Months Ended |
May 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has generated minimal revenues since inception, has an accumulated deficit of $76,681 and has incurred losses since inception. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. The continuing operations of the Company are dependent upon its ability to continue to raise adequate financing and to commence profitable operations in the future and repay its liabilities arising from normal business operations as they become due. We expect to generate revenues in the future through the development of our existing and news apps. In the event the Company experiences liquidity and capital resource constraints because of unanticipated operating losses, we may need to raise additional capital in the form of equity and/or debt financing. The Company is currently seeking additional funding from investors as well as bringing on a new Director who will assist in developing new apps. The Company’s current President/CEO, will endeavour to provide funding if necessary. If such additional capital is not available on terms acceptable to us or at all, then we may need to curtail our operations and/or take additional measures to conserve and manage our liquidity and capital resources, any of which would have a material adverse effect on our financial position, results of operations, and our ability to continue in existence. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.” |
3. Summary of Significant Accou
3. Summary of Significant Accounting Policies | 12 Months Ended |
May 31, 2017 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Basis of presentation The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (GAAP). The consolidated financial statements include the financial statements of Momentous Holdings Corp., and James Horan doing business as Health & Fitness Apps which have been accounted for as a combination of entities under common control. All significant inter-company balances and transactions have been eliminated upon consolidation. The Company is considered to be in the development stage as defined in ASC 915 “ Development Stage Entities. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Significant estimates and assumptions are required in the determination of the fair value of financial instruments and the valuation of long-lived and indefinite-lived assets. Some of these judgments can be subjective and complex, and, consequently, actual results may differ from these estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. Revenue Recognition The Company follows FASB ASC 605 “Revenue Recognition” and recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: 1. persuasive evidence of an arrangement exists; 2. the product has been shipped or the services have been rendered to the customer; 3. the sales price is fixed or determinable; and, 4. collectability is reasonably assured. Income Taxes We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented. Fixed assets Fixed assets are stated at cost less accumulated depreciation. Depreciation is provided for on a straight-line basis over the useful lives of the assets. Expenditures for additions and improvements are capitalized; repairs and maintenance are expensed as incurred. Software Development cost The Company accounts for software development costs in accordance with ASC 350-40, whereby all costs incurred during the preliminary stage of a development project should be charged to expense as incurred. Capitalization of costs begins after the preliminary stage has been completed, management commits to funding the project, it is probable that the project will be completed, and the software will be used for its intended function. All post-implementation costs are charged to expense as incurred. Accordingly, direct internal and external costs associated with the development of the features and functionality of the Company’s software, incurred during the application development stage, are capitalized and amortized using the straight-line method of the estimated life of five years. Net Loss Per Share Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common shares and common equivalent shares outstanding as if shares had been issued on the exercise of any common share rights unless the exercise becomes antidilutive and then only the basic per share amounts are shown in the report. Foreign Currency Translation The functional currency of the Company is Great British Pounds (GBP). Assets and liabilities of our operations are translated into United States dollar equivalents using the exchange rates in effect at the balance sheet date. Revenues and expenses are translated using the average exchange rates during each period and equity accounts are translated at historical cost. Adjustments resulting from the process of translating foreign functional currency financial statements into U.S. dollars are included in accumulated other comprehensive income in shareholders’ deficit. Recent Accounting Pronouncements From time to time new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard setting bodies that may have an impact on the Company’s accounting and reporting. The Company believes that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations and cash flows when implemented. |
4. Property and Equipment
4. Property and Equipment | 12 Months Ended |
May 31, 2017 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment | Property consists of equipment purchased for the production of revenues. As of: May 31, May 31, 2017 2016 Equipment $ 1,136 $ 1,295 Less accumulated depreciation 948 758 Equipment, net $ 188 $ 537 Assets are depreciated over their useful lives beginning when placed in service. Depreciation expense was $283 and $331 for the year ended May 31, 2017 and the year ended May 31, 2016, respectively. |
5. Income Taxes
5. Income Taxes | 12 Months Ended |
May 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | The reconciliation of income tax provision (benefit) at the U.S. statutory rate of 34% for the year ended May 31, 2017 and for the year to May 31, 2016 to the Company’s effective tax rate is as follows: May 31, May 31, Income tax benefit at statutory rate $ 11,677 $ 8,175 Change in valuation allowance (11,677 ) (8,175 ) Income tax provision $ – $ – The tax effects of temporary differences that give rise to the Company’s net deferred tax assets as of May 31, 2017 and May 31, 2016 are as follows: May 31, 2017 May 31, 2016 Net Operating Loss $ 26,072 $ 14,394 Valuation allowance (26,072 ) (14,394 ) Net deferred tax asset $ – $ – The Company has approximately $76,700 of net operating losses (“NOL”) carried forward to offset taxable income, if any, in future years which expire commencing in fiscal 2035. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized. |
6. Related Party Transactions
6. Related Party Transactions | 12 Months Ended |
May 31, 2017 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | As of May 31, 2017 and May 31, 2016, the balance of the amounts due to the director was $9,930 and $11,318, respectively. The amounts loaned to and from the director are unsecured, non-interest bearing, and due on demand. The Company’s officer has provided office services without charge. Such costs are immaterial to the financial statements and accordingly are not reflected herein. |
7. Capital Stock
7. Capital Stock | 12 Months Ended |
May 31, 2017 | |
Equity [Abstract] | |
Capital Stock | The Company was incorporated on May 29, 2015 in Nevada with authorized capital of 75,000,000 shares of $0.001 par value common stock and 10,000,000 shares of $0.001 par value preferred stock. On May 29, 2015, the Company’s founder, President and CEO, James Horan, subscribed for 1,000,000 common shares, at a price of $0.005 per share. On May 29, 2015, the Company’s former Secretary and Treasurer, Andrew Brown, subscribed for 1,000,000 common shares, at a price of $0.005 per share. On May 29, 2015, the Company’s founder, President and CEO, James Horan, contributed the business assets and liabilities of his sole proprietorship into Momentous Holdings Corp., in exchange for 500,000 shares of our common stock. On September 28, 2015, the Company received the $10,000 in respect of James Horan’s subscription of 1,000,000 common shares, at a price of $0.005 per share and Andrew Brown’s subscription of 1,000,000 common shares, at a price of $0.005 per share. As of February 29, 2016, the Company sold an aggregate of 1,285,000 shares of its common stock in its registered offering at a price of $0.04 per share resulting in proceeds to the Company of $51,400. There were 3,785,000 shares of common stock issued and outstanding at May 31, 2017. There were no shares of preferred stock issued and outstanding at May 31, 2017. |
8. Concentration
8. Concentration | 12 Months Ended |
May 31, 2017 | |
Risks and Uncertainties [Abstract] | |
Concentration | 100% of the Company’s revenue is from one client. |
3. Summary of Significant Acc15
3. Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
May 31, 2017 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of presentation The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (GAAP). The consolidated financial statements include the financial statements of Momentous Holdings Corp., and James Horan doing business as Health & Fitness Apps which have been accounted for as a combination of entities under common control. All significant inter-company balances and transactions have been eliminated upon consolidation. The Company is considered to be in the development stage as defined in ASC 915 “ Development Stage Entities. |
Use of estimates | Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Significant estimates and assumptions are required in the determination of the fair value of financial instruments and the valuation of long-lived and indefinite-lived assets. Some of these judgments can be subjective and complex, and, consequently, actual results may differ from these estimates. |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. |
Revenue Recognition | Revenue Recognition The Company follows FASB ASC 605 “Revenue Recognition” and recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: 1. persuasive evidence of an arrangement exists; 2. the product has been shipped or the services have been rendered to the customer; 3. the sales price is fixed or determinable; and, 4. collectability is reasonably assured. |
Income Taxes | Income Taxes We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented. |
Fixed Assets | Fixed assets Fixed assets are stated at cost less accumulated depreciation. Depreciation is provided for on a straight-line basis over the useful lives of the assets. Expenditures for additions and improvements are capitalized; repairs and maintenance are expensed as incurred. |
Software Development Cost | Software Development cost The Company accounts for software development costs in accordance with ASC 350-40, whereby all costs incurred during the preliminary stage of a development project should be charged to expense as incurred. Capitalization of costs begins after the preliminary stage has been completed, management commits to funding the project, it is probable that the project will be completed, and the software will be used for its intended function. All post-implementation costs are charged to expense as incurred. Accordingly, direct internal and external costs associated with the development of the features and functionality of the Company’s software, incurred during the application development stage, are capitalized and amortized using the straight-line method of the estimated life of five years. |
Net Loss Per Share | Net Loss Per Share Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common shares and common equivalent shares outstanding as if shares had been issued on the exercise of any common share rights unless the exercise becomes antidilutive and then only the basic per share amounts are shown in the report. |
Foreign Currency Translation | Foreign Currency Translation The functional currency of the Company is Great British Pounds (GBP). Assets and liabilities of our operations are translated into United States dollar equivalents using the exchange rates in effect at the balance sheet date. Revenues and expenses are translated using the average exchange rates during each period and equity accounts are translated at historical cost. Adjustments resulting from the process of translating foreign functional currency financial statements into U.S. dollars are included in accumulated other comprehensive income in shareholders’ deficit. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements From time to time new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard setting bodies that may have an impact on the Company’s accounting and reporting. The Company believes that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations and cash flows when implemented. |
4. Property and Equipment (Tabl
4. Property and Equipment (Tables) | 12 Months Ended |
May 31, 2017 | |
Property, Plant and Equipment [Abstract] | |
Schedule of property and equipment | May 31, May 31, 2017 2016 Equipment $ 1,136 $ 1,295 Less accumulated depreciation 948 758 Equipment, net $ 188 $ 537 |
5. Income Taxes (Tables)
5. Income Taxes (Tables) | 12 Months Ended |
May 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Reconciliation of income tax provision (benefit) | The reconciliation of income tax provision (benefit) at the U.S. statutory rate of 34% for the year ended May 31, 2017 and for the year to May 31, 2016 to the Company’s effective tax rate is as follows: May 31, May 31, Income tax benefit at statutory rate $ 11,677 $ 8,175 Change in valuation allowance (11,677 ) (8,175 ) Income tax provision $ – $ – |
Schedule of deferred tax assets | The tax effects of temporary differences that give rise to the Company’s net deferred tax assets as of May 31, 2017 and May 31, 2016 are as follows: May 31, 2017 May 31, 2016 Net Operating Loss $ 26,072 $ 14,394 Valuation allowance (26,072 ) (14,394 ) Net deferred tax asset $ – $ – |
2. Going Concern (Details Narra
2. Going Concern (Details Narrative) - USD ($) | May 31, 2017 | May 31, 2016 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Accumulated deficit | $ (76,681) | $ (42,336) |
4. Property and Equipment (Deta
4. Property and Equipment (Details) - USD ($) | May 31, 2017 | May 31, 2016 |
Property, Plant and Equipment [Abstract] | ||
Equipment | $ 1,136 | $ 1,295 |
Less accumulated depreciation | 948 | 758 |
Equipment, net | $ 188 | $ 537 |
4. Property and Equipment (De20
4. Property and Equipment (Details Narrative) - USD ($) | 12 Months Ended | |
May 31, 2017 | May 31, 2016 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation expense | $ 283 | $ 331 |
5. Income Taxes (Details - Inco
5. Income Taxes (Details - Income tax expense) - USD ($) | 12 Months Ended | |
May 31, 2017 | May 31, 2016 | |
Income Tax Disclosure [Abstract] | ||
Income tax benefit at statutory rate | $ 11,677 | $ 8,175 |
Change in valuation allowance | (11,677) | (8,175) |
Income tax provision | $ 0 | $ 0 |
5. Income Taxes (Details - Defe
5. Income Taxes (Details - Deferred tax assets) - USD ($) | May 31, 2017 | May 31, 2016 |
Income Tax Disclosure [Abstract] | ||
Net Operating Loss | $ 26,072 | $ 14,394 |
Valuation allowance | (26,072) | (14,394) |
Net deferred tax asset | $ 0 | $ 0 |
5. Income Taxes (Details Narrat
5. Income Taxes (Details Narrative) | 12 Months Ended |
May 31, 2017USD ($) | |
Income Tax Disclosure [Abstract] | |
U.S. statutory tax rate | 34.00% |
Net operating loss carryforward | $ 76,700 |
Operating loss carryforward expiration date | Dec. 31, 2035 |
6. Related Party Transactions (
6. Related Party Transactions (Details Narrative) - USD ($) | May 31, 2017 | May 31, 2016 |
Related Party Transactions [Abstract] | ||
Amounts due to a director | $ 9,930 | $ 11,318 |
7. Capital Stock (Details Narra
7. Capital Stock (Details Narrative) - USD ($) | May 31, 2015 | May 31, 2017 | May 31, 2016 |
Proceeds from issuance of common stock | $ 0 | $ 61,400 | |
Registration Offering [Member] | |||
Proceeds from issuance of common stock | $ 51,400 | ||
Stock issued new, shares | 1,285,000 | ||
James Horan [Member] | |||
Common stock subscribed, shares | 1,000,000 | ||
Stock issued for assets | 500,000 | ||
Andrew Brown [Member] | |||
Common stock subscribed, shares | 1,000,000 | ||
James Horan and Andrew Brown | |||
Proceeds from issuance of common stock | $ 10,000 |
8. Concentration (Details Narra
8. Concentration (Details Narrative) | 12 Months Ended |
May 31, 2017 | |
Risks and Uncertainties [Abstract] | |
Concentration of revenue from one client | 100.00% |