Document and Entity Information
Document and Entity Information - $ / shares | Oct. 20, 2020 | Nov. 30, 2020 | Jan. 15, 2020 |
Details | |||
Registrant Name | 3AM TECHNOLOGIES INC | ||
Registrant CIK | 0001667615 | ||
Fiscal Year End | --05-31 | ||
Document Type | 10-Q | ||
Document Quarterly Report | true | ||
Document Period End Date | Nov. 30, 2020 | ||
Document Transition Report | false | ||
Entity File Number | 333-210544 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Tax Identification Number | 35-2553515 | ||
Entity Address, Address Line One | 45B West Wilmot Street, Unit 1. | ||
Entity Address, City or Town | Richmond Hill, Ontario | ||
Entity Address, Country | CA | ||
Entity Address, Postal Zip Code | L4B 2P3 | ||
Entity Address, Address Description | Address of principal executive offices | ||
City Area Code | 204 | ||
Local Phone Number | 666-2981 | ||
Phone Fax Number Description | Registrant’s telephone number, including area code | ||
Entity Current Reporting Status | No | ||
Entity Interactive Data Current | No | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | true | ||
Entity Ex Transition Period | true | ||
Entity Shell Company | true | ||
Entity Listing, Par Value Per Share | $ 0.001 | ||
Entity Common Stock, Shares Outstanding | 7,500,000 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2021 | ||
Document Fiscal Period Focus | Q2 |
Balance Sheets (November 30, 20
Balance Sheets (November 30, 2020 Unaudited) - USD ($) | Nov. 30, 2020 | May 31, 2020 |
Current Assets | ||
Cash | $ 1,364 | $ 1,434 |
Total Current Assets | 1,364 | 1,434 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 34,763 | 31,763 |
Due to related party | 50,127 | 37,512 |
Total Current Liabilities | 84,890 | 69,275 |
Stockholders' Deficit | ||
Preferred Stock, Value | 0 | 0 |
Common Stock, Value | 7,500 | 7,500 |
Additional paid-in capital | 67,500 | 67,500 |
Accumulated deficit | (158,526) | (142,841) |
Total Stockholders' Deficit | (83,526) | (67,841) |
Total Liabilities and Stockholders' Deficit | $ 1,364 | $ 1,434 |
Balance Sheets (November 30, _2
Balance Sheets (November 30, 2020 Unaudited) - Parenthetical - $ / shares | Nov. 30, 2020 | May 31, 2020 |
Details | ||
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common Stock, Shares Authorized | 20,000,000 | 20,000,000 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares, Issued | 7,500,000 | 7,500,000 |
Common Stock, Shares, Outstanding | 7,500,000 | 7,500,000 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Nov. 30, 2020 | Nov. 30, 2019 | Nov. 30, 2020 | Nov. 30, 2019 | |
Operating Expenses | ||||
General and administrative | $ 6,420 | $ 4,910 | $ 15,685 | $ 10,943 |
Total Operating Expenses | 6,420 | 4,910 | 15,685 | 10,943 |
Net Loss | $ (6,420) | $ (4,910) | $ (15,685) | $ (10,943) |
Net Loss Per Common Share - Basic and Diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted Average Common Shares Outstanding | 7,500,000 | 7,500,000 | 7,500,000 | 7,500,000 |
Statements of Changes in Stockh
Statements of Changes in Stockholders' Deficit (Unaudited) - USD ($) | Common Stock | Additional Paid-in Capital | Retained Earnings | Total |
Equity Balance, Starting at May. 31, 2019 | $ 7,500 | $ 67,500 | $ (104,699) | $ (29,699) |
Shares Outstanding, Starting at May. 31, 2019 | 7,500,000 | |||
Net Income (Loss) | $ 0 | 0 | (6,033) | (6,033) |
Shares Outstanding, Ending at Aug. 31, 2019 | 7,500,000 | |||
Equity Balance, Ending at Aug. 31, 2019 | $ 7,500 | 67,500 | (110,732) | (35,732) |
Net Income (Loss) | $ 0 | 0 | (4,910) | (4,910) |
Shares Outstanding, Ending at Nov. 30, 2019 | 7,500,000 | |||
Equity Balance, Ending at Nov. 30, 2019 | $ 7,500 | 67,500 | (115,642) | (40,642) |
Equity Balance, Starting at May. 31, 2020 | $ 7,500 | 67,500 | (142,841) | (67,841) |
Shares Outstanding, Starting at May. 31, 2020 | 7,500,000 | |||
Net Income (Loss) | $ 0 | 0 | (9,265) | (9,265) |
Shares Outstanding, Ending at Aug. 31, 2020 | 7,500,000 | |||
Equity Balance, Ending at Aug. 31, 2020 | $ 7,500 | 67,500 | (152,106) | (77,106) |
Net Income (Loss) | $ 0 | 0 | (6,420) | (6,420) |
Shares Outstanding, Ending at Nov. 30, 2020 | 7,500,000 | |||
Equity Balance, Ending at Nov. 30, 2020 | $ 7,500 | $ 67,500 | $ (158,526) | $ (83,526) |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Nov. 30, 2020 | Nov. 30, 2019 | |
Operating Activities | ||
Net loss for the period | $ (15,685) | $ (10,943) |
Changes in operating assets and liabilities: | ||
Accounts payable and accrued expenses | 15,615 | (500) |
Net cash used in operating activities | (70) | (11,443) |
Net Decrease in Cash | (70) | (11,443) |
Cash and Cash Equivalents, at Carrying Value, Beginning Balance | 1,434 | 12,942 |
Cash and Cash Equivalents, at Carrying Value, Ending Balance | 1,364 | 1,499 |
Non-Cash Transactions | ||
Operating expenses paid by related party | 12,615 | 0 |
Supplemental Disclosures | ||
Interest paid | 0 | 0 |
Income taxes paid | $ 0 | $ 0 |
1. Nature of Operations and Con
1. Nature of Operations and Continuance of Business | 6 Months Ended |
Nov. 30, 2020 | |
Notes | |
1. Nature of Operations and Continuance of Business | 1. 3am Technologies, Inc. (the Company) was incorporated in the state of Nevada on March 13, 2014. The Company has been in the exploration stage since its formation and has not commenced business operations. These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize it assets and discharge its liabilities in the normal course of business. As of November 30, 2020, the Company has an accumulated deficit of $158,526. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. These factors raise substantial doubt regarding the Companys ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
2. Summary of Significant Accou
2. Summary of Significant Accounting Policies | 6 Months Ended |
Nov. 30, 2020 | |
Notes | |
2. Summary of Significant Accounting Policies | 2. (a) The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Companys most recent Annual Financial Statements filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements, as reported in the Form 10-K have been omitted. The Company has chosen May 31 as its year end. |
3. Related Party Transactions
3. Related Party Transactions | 6 Months Ended |
Nov. 30, 2020 | |
Notes | |
3. Related Party Transactions | 3. (a) (b) |
2. Summary of Significant Acc_2
2. Summary of Significant Accounting Policies: (a) Basis of Presentation (Policies) | 6 Months Ended |
Nov. 30, 2020 | |
Policies | |
(a) Basis of Presentation | (a) The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Companys most recent Annual Financial Statements filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements, as reported in the Form 10-K have been omitted. The Company has chosen May 31 as its year end. |
1. Nature of Operations and C_2
1. Nature of Operations and Continuance of Business (Details) - USD ($) | 6 Months Ended | |
Nov. 30, 2020 | May 31, 2020 | |
Details | ||
Entity Incorporation, State or Country Code | NV | |
Entity Incorporation, Date of Incorporation | Mar. 13, 2014 | |
Accumulated deficit | $ (158,526) | $ (142,841) |
3. Related Party Transactions (
3. Related Party Transactions (Details) - USD ($) | 6 Months Ended | |
Nov. 30, 2020 | May 31, 2020 | |
Details | ||
Debt Instrument, Issuer | President of the Company | |
Proceeds from Related Party Debt | $ 12,615 | |
Long-term Debt | $ 50,127 | $ 37,512 |
Debt Instrument, Interest Rate, Stated Percentage | 0.00% | |
Debt Instrument, Collateral | unsecured | |
Debt Instrument, Payment Terms | due on demand | |
Payments for Rent | $ 0 |