OS Support (DSWR) 10-Q 16 Jun 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Mar. 31, 2022	May 31, 2022
Cover [Abstract]
Entity Registrant Name	OS Support, Inc.
Entity Central Index Key	0001658520
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Small Business	true
Entity Shell Company	true
Entity Emerging Growth Company	true
Entity Current Reporting Status	No
Document Period End Date	Mar. 31, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Entity Ex Transition Period	true
Entity Common Stock Shares Outstanding		54,720,000
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	33-215217
Entity Incorporation State Country Code	NV
Entity Address Address Line 1	112 North Curry Street
Entity Address Postal Zip Code	89703
Entity Address State Or Province	NV
City Area Code	775
Entity Address City Or Town	Carson City
Entity Interactive Data Current	Yes
Local Phone Number	321-8224

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Mar. 31, 2022	Jun. 30, 2021
ASSETS
TOTAL ASSETS	$ 0	$ 0
CURRENT LIABILITIES
Accounts payable and accrued liabilities	31,987	25,519
Loan from related party	55,907	50,133
TOTAL CURRENT LIABILITIES	87,894	75,652
STOCKHOLDERS' EQUITY (DEFICIT)
Common Stock Authorized 75,000,000 shares of common stock, $0.001 par value, Issued and outstanding 54,720,000 shares of Common Stock at March 31, 2022 and June 30, 2021 respectively	54,720	54,720
Additional Paid-in Capital	0	0
Accumulated Deficit	(142,614)	(75,652)
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT)	(87,894)	(75,652)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	$ 0	$ 0

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2022	Jun. 30, 2021
CONDENSED BALANCE SHEETS
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	54,720,000	54,720,000
Common stock, shares outstanding	54,720,000	54,720,000

CONDENSED STATEMENT OF OPERATIO

CONDENSED STATEMENT OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
CONDENSED STATEMENT OF OPERATIONS (Unaudited)
REVENUE	$ 0	$ 0	$ 0	$ 0
EXPENSES
General and Administrative	1,476	669	2,930	12,311
Professional Fees	1,250	4,750	9,250	9,250
TOTAL OPERATING EXPENSES	2,726	5,419	12,180	21,561
OTHER INCOME (EXPENSES)
Exchange Gain (Loss)	0	0	(114)	(121)
Interest Income	0	27	52	78
NET LOSS	$ (2,726)	$ (5,392)	$ (12,242)	$ (21,604)
BASIC AND DILUTED LOSS PER COMMON SHARE	$ 0	$ 0	$ 0	$ 0
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	54,720,000	54,720,000	54,720,000	54,720,000

CONDENSED STATEMENTS OF STOCKHO

CONDENSED STATEMENTS OF STOCKHOLDERS EQUITY (DEFICIT) (Unaudited) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit
Balance, shares at Jun. 30, 2020		54,720,000
Balance, amount at Jun. 30, 2020	$ (51,482)	$ 54,720	$ 0	$ (106,202)
Net Loss	(2,311)		0	(2,311)
Balance, shares at Sep. 30, 2020		54,720,000
Balance, amount at Sep. 30, 2020	(53,793)	$ 54,720	0	(108,513)
Balance, shares at Jun. 30, 2020		54,720,000
Balance, amount at Jun. 30, 2020	(51,482)	$ 54,720	0	(106,202)
Net Loss	(21,604)
Balance, shares at Mar. 31, 2021		54,720,000
Balance, amount at Mar. 31, 2021	(73,086)	$ 54,720	0	(127,806)
Balance, shares at Sep. 30, 2020		54,720,000
Balance, amount at Sep. 30, 2020	(53,793)	$ 54,720	0	(108,513)
Net Loss	(13,901)			(13,901)
Balance, shares at Dec. 31, 2020		54,720,000
Balance, amount at Dec. 31, 2020	(67,694)	$ 54,720	0	(122,414)
Net Loss	(5,392)			(5,392)
Balance, shares at Mar. 31, 2021		54,720,000
Balance, amount at Mar. 31, 2021	(73,086)	$ 54,720	0	(127,806)
Balance, shares at Jun. 30, 2021		54,720,000
Balance, amount at Jun. 30, 2021	(75,652)	$ 54,720	0	(130,372)
Net Loss	(5,123)		0	(5,123)
Balance, shares at Sep. 30, 2021		54,720,000
Balance, amount at Sep. 30, 2021	(80,775)	$ 54,720	0	(135,495)
Balance, shares at Jun. 30, 2021		54,720,000
Balance, amount at Jun. 30, 2021	(75,652)	$ 54,720	0	(130,372)
Net Loss	(12,242)
Balance, shares at Mar. 31, 2022		54,720,000
Balance, amount at Mar. 31, 2022	(87,894)	$ 54,720	0	(142,614)
Balance, shares at Sep. 30, 2021		54,720,000
Balance, amount at Sep. 30, 2021	(80,775)	$ 54,720	0	(135,495)
Net Loss	(4,393)			(4,393)
Balance, shares at Dec. 31, 2021		54,720,000
Balance, amount at Dec. 31, 2021	(85,168)	$ 54,720	0	(139,888)
Net Loss	(2,726)			(2,726)
Balance, shares at Mar. 31, 2022		54,720,000
Balance, amount at Mar. 31, 2022	$ (87,894)	$ 54,720	$ 0	$ (142,614)

CONDENSED STATEMENT OF CASH FLO

CONDENSED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
OPERATING ACTIVITIES
Net loss	$ (12,242)	$ (21,604)
Adjustment to reconcile net loss to net cash used in operating activities:
Increase (decrease) in Payables	6,468	(8,783)
NET CASH USED IN OPERATING ACTIVITIES	(5,774)	(30,387)
FINANCING ACTIVITIES
Loan from related party	5,774	30,387
NET CASH PROVIDED BY FINANCING ACTIVITIES	0	0
NET INCREASE (DECREASE) IN CASH	0	0
CASH, BEGINNING OF PERIOD	0	0
CASH, END OF PERIOD	0	0
Supplemental cash flow information and noncash financing activities:
Interest	0	0
Income taxes	$ 0	$ 0

NATURE OF OPERATIONS AND BASIS

NATURE OF OPERATIONS AND BASIS OF PRESENTATION	9 Months Ended
	Mar. 31, 2022
NATURE OF OPERATIONS AND BASIS OF PRESENTATION
NATURE OF OPERATIONS AND BASIS OF PRESENTATION	NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION The Company was incorporated in the State of Nevada as a for-profit Company on April 15, 2015 and established a fiscal year end of June 30. The Company was organized to initially provide a pay as you go support service for the top 10 free open sources software programs. The Company has not yet implemented its business model and to date has generated no revenues. As such, the Company is considered a shell company. Going Concern To date the Company has generated no revenues from its business operations and has incurred operating losses since inception of $98,644. The Company's expenses have primarily been paid the President of the Company. As at March 31, 2022, the Company has a working capital deficit of $87,894. The Company requires additional funding to meet its ongoing obligations and to fund anticipated operating losses. The ability of the Company to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. The Company intends to continue to fund its business by way of private placements and advances from related parties as may be required. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Mar. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the accounting and disclosure rules and regulations of the SEC, and reflect all adjustments, consisting only of normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of the Company’s financial position at March 31, 2022and the results of operations and cash flows for the periods presented. These unaudited condensed financial statements should be read in conjunction with the Company’s audited financial statements and related notes for the year ended June 30, 2021, included in the Company’s Annual Report on Form 10-K. In management’s opinion, the unaudited condensed financial statements reflect all adjustments (including reclassifications and normal recurring adjustments) necessary to present fairly the financial position as of March 31, 2022, and results of operations for the three and the nine month periods ended March 31, 2022 and 2021. Reverse Stock Split On October 29, 2021, the Company authorized a 256:1 stock split. As part of the stock split, the CEO waived 1,761,280,000 of the post-split shares, resulting in 23,720,000 additional shares being issued to the CEO. As a result of the stock split, the total outstanding shares of the Company increased from 7,093,750 to 54,720,000. All share and per share data have been retrospectively adjusted to reflect this stock split. Emerging Growth Company The Company is an emerging growth company. The JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities and Exchange Act of 1934, as amended) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. Use of Estimates and Assumptions Preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Accordingly, actual results could differ from those estimates. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. Foreign currency and Translation Transactions denominated in foreign currencies are translated at the average exchange rates during the periods in accordance with the requirements of Accounting Standards Codification subtopic 830-10, Foreign Currency Matters (“ASC 830-10”). Foreign currency transaction gains and losses arising from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations. Fair Value of Financial Instruments The carrying amount of the Company’s financial assets and liabilities approximates their fair values due to their short term maturities. Loss per Common Share The basic loss per share is calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company’s net loss available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted loss per share are the same as basic loss per share due to the lack of dilutive items in the Company. As of March 31, 2022, there were 54,720,000 shares of common stock outstanding. Income Taxes Under ASC 740, “Income Taxes,” deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. 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 income in the period of the enactment date. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties at March 31, 2022. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. Stock-based Compensation The Company follows ASC 718-10, "Stock Compensation", which addresses the accounting for transactions in which an entity exchanges its equity instruments for goods or services, with a primary focus on transactions in which an entity obtains employee services in share-based payment transactions. ASC 718-10 is a revision to SFAS No. 123, "Accounting for Stock-Based Compensation," and supersedes Accounting Principles Board ("APB") Opinion No. 25, "Accounting for Stock Issued to Employees," and its related implementation guidance. ASC 718-10 requires measurement of the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). Incremental compensation costs arising from subsequent modifications of awards after the grant date must be recognized. The Company has not adopted a stock option plan and has not granted any stock options. Recent Accounting Pronouncements The Company does not expect the adoption of any recent accounting pronouncements to have a material impact on its financial statements.

COMMON STOCK

COMMON STOCK	9 Months Ended
	Mar. 31, 2022
COMMON STOCK
NOTE 3 - COMMON STOCK	NOTE 3 - COMMON STOCK The Company’s capitalization is 75,000,000 common shares with a par value of $0.001 per share. No preferred shares have been authorized or issued. On July 4, 2015 the Company issued 30,720,000 common shares at $0.0002 per share to the sole director and President of the Company for cash proceeds of $7,000. In July and August 2017, the Company issued 24,000,000 common shares for cash at $0.0002 per share for net proceeds to the Company of $3,750. As of March 31, 2022, the Company had not adopted a stock option plan nor had it granted any stock options. Accordingly no stock-based compensation has been recorded to date. As of March 31, 2022, 54,720,000 shares issued and outstanding.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Mar. 31, 2022
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 4 - RELATED PARTY TRANSACTIONS As of March 31, 2022, the balance of loan from Paramjit Mann, the Company’s Director is $55,907. The amounts due to the related party are unsecured and non- interest-bearing with no set terms of repayment.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Mar. 31, 2022
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 5 – SUBSEQUENT EVENTS Management has performed an evaluation of subsequent events through the date of issuance of the condensed financial statements, noting no items which require adjustment or disclosure.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Mar. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the accounting and disclosure rules and regulations of the SEC, and reflect all adjustments, consisting only of normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of the Company’s financial position at March 31, 2022and the results of operations and cash flows for the periods presented. These unaudited condensed financial statements should be read in conjunction with the Company’s audited financial statements and related notes for the year ended June 30, 2021, included in the Company’s Annual Report on Form 10-K. In management’s opinion, the unaudited condensed financial statements reflect all adjustments (including reclassifications and normal recurring adjustments) necessary to present fairly the financial position as of March 31, 2022, and results of operations for the three and the nine month periods ended March 31, 2022 and 2021.
Reverse Stock Split	On October 29, 2021, the Company authorized a 256:1 stock split. As part of the stock split, the CEO waived 1,761,280,000 of the post-split shares, resulting in 23,720,000 additional shares being issued to the CEO. As a result of the stock split, the total outstanding shares of the Company increased from 7,093,750 to 54,720,000. All share and per share data have been retrospectively adjusted to reflect this stock split.
Emerging Growth Company	The Company is an emerging growth company. The JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities and Exchange Act of 1934, as amended) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard.
Use of Estimates and Assumptions	Preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Accordingly, actual results could differ from those estimates.
Cash and Cash Equivalents	For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.
Foreign Currency and Translation	Transactions denominated in foreign currencies are translated at the average exchange rates during the periods in accordance with the requirements of Accounting Standards Codification subtopic 830-10, Foreign Currency Matters (“ASC 830-10”). Foreign currency transaction gains and losses arising from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations.
Fair Value of Financial Instruments	The carrying amount of the Company’s financial assets and liabilities approximates their fair values due to their short term maturities.
Loss per Common Share	The basic loss per share is calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company’s net loss available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted loss per share are the same as basic loss per share due to the lack of dilutive items in the Company. As of March 31, 2022, there were 54,720,000 shares of common stock outstanding.
Income Taxes	Under ASC 740, “Income Taxes,” deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. 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 income in the period of the enactment date. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties at March 31, 2022. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position.
Stock-based Compensation	The Company follows ASC 718-10, "Stock Compensation", which addresses the accounting for transactions in which an entity exchanges its equity instruments for goods or services, with a primary focus on transactions in which an entity obtains employee services in share-based payment transactions. ASC 718-10 is a revision to SFAS No. 123, "Accounting for Stock-Based Compensation," and supersedes Accounting Principles Board ("APB") Opinion No. 25, "Accounting for Stock Issued to Employees," and its related implementation guidance. ASC 718-10 requires measurement of the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). Incremental compensation costs arising from subsequent modifications of awards after the grant date must be recognized. The Company has not adopted a stock option plan and has not granted any stock options.
Recent Accounting Pronouncements	The Company does not expect the adoption of any recent accounting pronouncements to have a material impact on its financial statements.

NATURE OF OPERATIONS AND BASI_2

NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details Narrative)	9 Months Ended
	Mar. 31, 2022USD ($)
NATURE OF OPERATIONS AND BASIS OF PRESENTATION
Working capital deficit	$ (87,894)
Incurred operating losses	$ 98,644

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - shares	1 Months Ended	2 Months Ended
	Oct. 29, 2021	Aug. 31, 2017	Mar. 31, 2022	Jun. 30, 2021
Reverse Stock Split	256:1
Common stock, shares outstanding			54,720,000	54,720,000
Stock issued during period shares, shares		24,000,000
Pre Split [Member]
Common stock, shares outstanding			7,093,750
CEO [Member]
Additional shares issued	23,720,000
Number of shares waived of post-split shares	1,761,280,000
Stock issued during period shares, shares	54,720,000

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($)	Jul. 04, 2015	Aug. 31, 2017	Mar. 31, 2022	Jun. 30, 2021
Common stock, par value			$ 0.001	$ 0.001
Common stock, shares authorized			75,000,000	75,000,000
Common stock, shares outstanding			54,720,000	54,720,000
Common stock, shares issued			54,720,000	54,720,000
Stock issued during period shares, shares		24,000,000
Stock issued during period shares, amount		$ 3,750
Price per share		$ 0.0002
President and Director [Member]
Stock issued during period shares, shares	30,720,000
Stock issued during period shares, amount	$ 7,000
Price per share	$ 0.0002

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Loan from related party	$ 55,907	$ 50,133
Paramjit Mann [Member]
Loan from related party	$ 55,907