OS Support (DSWR) 10-Q 12 May 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Dec. 31, 2022	Mar. 22, 2023
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	Dec. 31, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Entity Ex Transition Period	true
Entity Common Stock Shares Outstanding		7,093,750
Document Quarterly Report	true
Entity File Number	33-215217
Entity Incorporation State Country Code	NV
Entity Address Address Line 1	H.No. 1055 Sec 70
Entity Address City Or Town	Mohali
Entity Address Country	IN
City Area Code	775
Local Phone Number	321-8224
Security 12b Title	Common
Trading Symbol	DSWR
Entity Interactive Data Current	No

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Dec. 31, 2022	Jun. 30, 2022
CONDENSED BALANCE SHEETS
TOTAL ASSETS	$ 0	$ 0
CURRENT LIABILITIES
Accounts payable and accrued liabilities	32,011	30,736
Loan from related party	69,970	58,408
TOTAL CURRENT LIABILITIES	101,981	89,144
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 December 31, 2022 and June 30, 2022	54,720	54,720
Additional Paid in Capital	(43,970)	(43,970)
Accumulated Deficit	(112,731)	(99,894)
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT)	(101,981)	(89,144)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	$ 0	$ 0

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2022	Jun. 30, 2022	Oct. 29, 2021
STOCKHOLDERS' EQUITY (DEFICIT)
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	1,761,280,000

CONDENSED STATEMENT OF OPERATIO

CONDENSED STATEMENT OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
CONDENSED STATEMENT OF OPERATIONS (Unaudited)
REVENUE	$ 0	$ 0	$ 0	$ 0
EXPENSES
General and Administrative	0	669	0	1,454
Professional Fees	4,750	3,750	13,250	8,000
TOTAL OPERATING EXPENSES	4,750	4,419	13,250	9,454
OTHER INCOME (EXPENSES)
Exchange (Gain) Loss	(130)	26	(323)	115
Interest Income	(25)	(52)	(90)	(53)
NET LOSS	$ (4,595)	$ (4,393)	$ (12,837)	$ (9,516)
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 [Member]	Share Subscriptions Receivable	Additional Paid-in Capital	Accumulated Deficit
Balance, shares at Jun. 30, 2021		54,720,000
Balance, amount at Jun. 30, 2021	$ (75,652)	$ 54,720	$ 0	$ (43,970)	$ (86,402)
Net Loss	(5,123)		0	0	(5,123)
Balance, amount at Sep. 30, 2021	(80,775)	$ 54,720	0	(43,970)	(91,525)
Balance, Shares at Sep. 30, 2021		54,720,000
Balance, shares at Jun. 30, 2021		54,720,000
Balance, amount at Jun. 30, 2021	(75,652)	$ 54,720	0	(43,970)	(86,402)
Net Loss	(9,516)
Balance, amount at Dec. 31, 2021	(85,168)	$ 54,720	0	(43,970)	(95,918)
Balance, Shares at Dec. 31, 2021		54,720,000
Balance, shares at Sep. 30, 2021		54,720,000
Balance, amount at Sep. 30, 2021	(80,775)	$ 54,720	0	(43,970)	(91,525)
Net Loss	(4,393)				(4,393)
Balance, amount at Dec. 31, 2021	(85,168)	$ 54,720	0	(43,970)	(95,918)
Balance, Shares at Dec. 31, 2021		54,720,000
Balance, shares at Jun. 30, 2022		54,720,000
Balance, amount at Jun. 30, 2022	(89,144)	$ 54,720	0	(43,970)	(99,894)
Net Loss	(8,242)		0	0	(8,242)
Balance, amount at Sep. 30, 2022	(97,386)	$ 54,720	0	(43,970)	(108,136)
Balance, Shares at Sep. 30, 2022		54,720,000
Balance, shares at Jun. 30, 2022		54,720,000
Balance, amount at Jun. 30, 2022	(89,144)	$ 54,720	0	(43,970)	(99,894)
Net Loss	(12,837)
Balance, amount at Dec. 31, 2022	(101,981)	$ 54,720	0	(43,970)	(112,731)
Balance, Shares at Dec. 31, 2022		54,720,000
Balance, shares at Sep. 30, 2022		54,720,000
Balance, amount at Sep. 30, 2022	(97,386)	$ 54,720	0	(43,970)	(108,136)
Net Loss	(4,595)				(4,595)
Balance, amount at Dec. 31, 2022	$ (101,981)	$ 54,720	$ 0	$ (43,970)	$ (112,731)
Balance, Shares at Dec. 31, 2022		54,720,000

CONDENSED STATEMENT OF CASH FLO

CONDENSED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
OPERATING ACTIVITIES
Net loss	$ (12,837)	$ (9,516)
Adjustment to reconcile net loss to net cash used in operating activities:
Increase (decrease) in Payables	1,275	7,116
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(11,562)	2,400
FINANCING ACTIVITIES
Loan from related party	11,562	2,400
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
Cash paid for:
Interest	0	0
Income taxes	$ 0	$ 0

NATURE OF OPERATIONS AND BASIS

NATURE OF OPERATIONS AND BASIS OF PRESENTATION	6 Months Ended
	Dec. 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 is organized to initially provide a pay as you go support service for the top 10 free open sources software programs. Going Concern To date the Company has generated no revenues from its business operations and has incurred accumulated losses since inception of $112,731. The Company had a working capital deficit of $101,981 and $89,144 at December 31, 2022, and June 30, 2022 respectively. 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. Since inception, the Company has issued 7,000,000 founders shares at $0.001 per share for net proceeds of $7,000 to the Company and 93,750 shares in private placements at $0.04 per share for net proceeds of $3,750. 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	6 Months Ended
	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The financial statements present the balance sheet, statements of operations, stockholders’ equity and cash flows of the Company. These financial statements are presented in the United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States of America. 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. Presentation of prior year The reverse stock split resulted in a change in the number of shares in the Statement of Changes in Shareholder Equity presented as of June 30, 2021. The change had no effect on the reported results of operations, cash flows from operating activities, or presentation of Consolidated Statements of Cash Flows for fiscal years then ended June 30, 2021, June 30, 2022 or the 3 and 6 months ended December 31, 2022 & 2021; therefore, no adjustment has been made to the Consolidated Statements of Cash Flows for fiscal years ended June 30, 2021, June 30, 2022 or the 3 and 6 months ended December 31, 2022 & 2021. 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 an original maturity of three months or less to be cash equivalents. Foreign currency and Translation The Company’s functional currency is the US Dollar. Revenues and expenses transacted in currencies other than the functional currency are translated at average rates in effect for the periods presented. 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 earnings (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 income (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 earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company. As of December 31, 2022, there were 54,720,000 shares of common stock outstanding. Income Taxes The Company follows the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances and tax loss carry-forwards. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those 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 that includes the date of enactment or substantive enactment. 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. As of December 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. Reclassifications Certain reclassifications have been made to the prior year financial statements to make them comparable to the current year presentation. 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	6 Months Ended
	Dec. 31, 2022
COMMON STOCK
COMMON STOCK	NOTE 3 - COMMON STOCK The Company has authorised 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 7,000,000 common shares at $0.001 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 93,750 common shares for cash at $0.04 per share for net proceeds to the Company of $3,750. 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. As of December 31, 2022, 54,720,000 shares issued and outstanding.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Dec. 31, 2022
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 4 - RELATED PARTY TRANSACTIONS As of December 31, 2022, the balance of loan from Paramjit Mann, the Company’s Director is $69,970. The amounts due to the related party are unsecured and non- interest-bearing with no set terms of repayment.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Dec. 31, 2022
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 5 – SUBSEQUENT EVENTS The Company has evaluated other subsequent events to the date these financial statements were issued and has determined that there are no items to disclose.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	The financial statements present the balance sheet, statements of operations, stockholders’ equity and cash flows of the Company. These financial statements are presented in the United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States of America.
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.
Presentation of prior year	The reverse stock split resulted in a change in the number of shares in the Statement of Changes in Shareholder Equity presented as of June 30, 2021. The change had no effect on the reported results of operations, cash flows from operating activities, or presentation of Consolidated Statements of Cash Flows for fiscal years then ended June 30, 2021, June 30, 2022 or the 3 and 6 months ended December 31, 2022 & 2021; therefore, no adjustment has been made to the Consolidated Statements of Cash Flows for fiscal years ended June 30, 2021, June 30, 2022 or the 3 and 6 months ended December 31, 2022 & 2021.
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 an original maturity of three months or less to be cash equivalents.
Foreign Currency and Translation	The Company’s functional currency is the US Dollar. Revenues and expenses transacted in currencies other than the functional currency are translated at average rates in effect for the periods presented. 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 earnings (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 income (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 earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company. As of December 31, 2022, there were 54,720,000 shares of common stock outstanding.
Income Taxes	The Company follows the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances and tax loss carry-forwards. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those 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 that includes the date of enactment or substantive enactment.
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. As of December 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.
Reclassifications	Certain reclassifications have been made to the prior year financial statements to make them comparable to the current year presentation.
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) - USD ($)	2 Months Ended	6 Months Ended
	Aug. 31, 2017	Dec. 31, 2022	Jun. 30, 2022
Working capital deficit		$ (101,981)	$ (89,144)
Accumulated losses		$ (112,731)	$ (99,894)
Price per share	$ 0.04	$ 0.001
Stock issued during period shares, shares	93,750	7,000,000
Stock issued during period shares, amount	$ 3,750	$ 7,000
Going Concern [Member]
Price per share		$ 0.04
Stock issued during period shares, shares		93,750
Stock issued during period shares, amount		$ 3,750

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - shares	1 Months Ended
	Oct. 29, 2021	Dec. 31, 2022	Jun. 30, 2022
Stock Split	256:1
Common stock, shares outstanding	1,761,280,000	54,720,000	54,720,000
CEO [Member]
Stock Split	256:1
Additional shares issued	23,720,000
CEO [Member] | Minimum [Member]
Common stock, shares outstanding	7,093,750
Reverse stock split	54,720,000
CEO [Member] | Maximum [Member]
Common stock, shares outstanding	54,720,000

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($)		1 Months Ended	2 Months Ended	6 Months Ended
	Jul. 04, 2015	Oct. 29, 2021	Aug. 31, 2017	Dec. 31, 2022	Jun. 30, 2022
Common stock, shares authorized				75,000,000	75,000,000
Common stock, par value				$ 0.001	$ 0.001
Price per share			$ 0.04	$ 0.001
Stock issued during period shares, shares			93,750	7,000,000
Stock issued during period shares, amount			$ 3,750	$ 7,000
Stock Split		256:1
Common stock shares issued				54,720,000	54,720,000
CEO [Member]
Stock Split		256:1
Additional shares issued		23,720,000
Number of shares waived of post-split shares		1,761,280,000
Description		the Company increased from 7,093,750 to 54,720,000.
President and Director [Member]
Price per share	$ 0.001
Stock issued during period shares, shares	7,000,000
Stock issued during period shares, amount	$ 7,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Dec. 31, 2022	Jun. 30, 2022
Loan from related party	$ 69,970	$ 58,408
Paramjit Mann [Member]
Loan from related party	$ 69,970