Med Spa Vacations (MDVP) 10-Q 21 Jan 21 2020 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2020	Jan. 20, 2021
Cover [Abstract]
Entity Registrant Name	MED SPA VACATIONS INC.
Entity Central Index Key	0001671077
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	true
Entity Emerging Growth Company	true
Entity Current Reporting Status	No
Document Period End Date	Jun. 30, 2020
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		14,350,000
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Entity Address City Or Town	NSW
Entity Address Country	AU
Entity File Number	333-210922
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	47-5268172
City Area Code	61
Entity Address Address Line 1	23-25 Mangrove Lane
Entity Address Address Line 2	Taren Point
Local Phone Number	1300-488-866

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Current Assets:
Cash	$ 0	$ 8,842
Total Current Assets	0	8,842
TOTAL ASSETS	0	8,842
Current Liabilities:
Accounts payable	6	9,723
Due to related party	34,322	33,447
Total Current Liabilities	34,328	43,170
Total Liabilities	34,328	43,170
Stockholders' Deficit:
Preferred stock, $0.001 par value, 25,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $0.001 par value, 100,000,000 shares authorized, 14,350,000 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	14,350	14,350
Additional paid-in capital	272,445	272,445
Accumulated deficit	(321,123)	(321,123)
Total Stockholders' Deficit	(34,328)	(34,328)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 0	$ 8,842

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
BALANCE SHEETS
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	14,350,000	14,350,000
Common stock, shares outstanding	14,350,000	14,350,000

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Operating Expenses
Professional fees	$ 0	$ 163,842	$ 0	$ 195,452
Total Operating Expenses	0	163,842	0	195,452
Loss from operations	0	(163,842)	0	(195,452)
Provision for Income Taxes	0	0	0	0
Net Loss	$ 0	$ (163,842)	$ 0	$ (195,452)
Net loss per common share: Basic and Diluted	$ 0	$ (0.01)	$ 0	$ (0.01)
Weighted average number of common shares outstanding: Basic and Diluted	14,350,000	14,350,000	14,350,000	14,350,000

STATEMENTS OF STOCKHOLDERS' DEF

STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($)	Total	Common Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)
Balance, shares at Dec. 31, 2018		14,350,000
Balance, amount at Dec. 31, 2018	$ (17,613)	$ 14,350	$ 60,255	$ (92,218)
Net loss	(31,610)	$ 0	0	(31,610)
Balance, shares at Mar. 31, 2019		14,350,000
Balance, amount at Mar. 31, 2019	(49,223)	$ 14,350	60,255	(123,828)
Balance, shares at Dec. 31, 2018		14,350,000
Balance, amount at Dec. 31, 2018	(17,613)	$ 14,350	60,255	(92,218)
Net loss	(195,452)
Balance, shares at Jun. 30, 2019		14,350,000
Balance, amount at Jun. 30, 2019	(875)	$ 14,350	272,445	(287,670)
Balance, shares at Mar. 31, 2019		14,350,000
Balance, amount at Mar. 31, 2019	(49,223)	$ 14,350	60,255	(123,828)
Net loss	(163,842)	0	0	(163,842)
Debt forgiveness by former officer	212,190	$ 0	212,190	0
Balance, shares at Jun. 30, 2019		14,350,000
Balance, amount at Jun. 30, 2019	(875)	$ 14,350	272,445	(287,670)
Balance, shares at Dec. 31, 2019		14,350,000
Balance, amount at Dec. 31, 2019	(34,328)	$ 14,350	272,445	(321,123)
Net loss	0	$ 0	0	0
Balance, shares at Mar. 31, 2020		14,350,000
Balance, amount at Mar. 31, 2020	(34,328)	$ 14,350	272,445	(321,123)
Balance, shares at Dec. 31, 2019		14,350,000
Balance, amount at Dec. 31, 2019	(34,328)	$ 14,350	272,445	(321,123)
Net loss	0
Balance, shares at Jun. 30, 2020		14,350,000
Balance, amount at Jun. 30, 2020	(34,328)	$ 14,350	272,445	(321,123)
Balance, shares at Mar. 31, 2020		14,350,000
Balance, amount at Mar. 31, 2020	(34,328)	$ 14,350	272,445	(321,123)
Net loss	0	$ 0	0	0
Balance, shares at Jun. 30, 2020		14,350,000
Balance, amount at Jun. 30, 2020	$ (34,328)	$ 14,350	$ 272,445	$ (321,123)

STATEMENTS OF CASH FLOW

STATEMENTS OF CASH FLOW - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ 0	$ (195,452)
Changes in operating assets and liabilities:
Expenses paid by related party	875	174,290
Accounts payable	(9,717)	(338)
Net cash used in operating activities	(8,842)	(21,500)
Net change in cash for period	(8,842)	(21,500)
Cash at beginning of period	8,842	21,500
Cash at end of period	0	0
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for income taxes	0	0
Cash paid for interest	0	0
NON CASH INVESTING AND FINANCING ACTIVITIES
Related party debt forgiven recorded as additional paid in capital	$ 0	$ 212,190

ORGANIZATION, DESCRIPTION OF BU

ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN	6 Months Ended
	Jun. 30, 2020
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN
NOTE 1- ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN	NOTE 1 – ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN We were incorporated in the State of Nevada on October 5, 2015. Our office address is 23-25 Mangrove Lane Taren Point, NSW 2229, Australia. Description of Business Our plan was to develop a business that specializes in marketing health and wellness vacations to both individuals and corporate groups looking to revitalize and develop a fuller day-to-day life. We were looking to establish a niche in the travel market that caters to sustained wellness and rejuvenation, recognizing the ever-increasing social trend toward finding of a more holistic balance in life. We were not successful in our efforts and discontinued that line of business. Going forward, we intend to seek, investigate and, if such investigation warrants, engage in a business combination with a private entity whose business presents an opportunity for our shareholders. No specific assets or businesses have been definitively identified and there is no certainty that any such assets or business will be identified or that any transactions will be consummated. Going concern and Liquidity Considerations The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As of June 30, 2020, the Company has reoccurring losses from operations, an accumulated deficit of $321,123 and has earned no revenues. The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending December 31, 2020. The ability of the Company to emerge from the early stage is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan. In response to these problems, management intends to raise additional funds through public or private placement offerings. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation of Unaudited Interim Financial Statements The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of June 30, 2020 and the results of operations and cash flows for the periods presented. The results of operations for the period ended June 30, 2020 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited interim financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC on January 5, 2021. Recently Issued Accounting Pronouncements Management has considered all recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s unaudited interim financial statements

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2020
RELATED PARTY TRANSACTIONS
NOTE 3 -RELATED PARTY TRANSACTIONS	NOTE 3 – RELATED PARTY TRANSACTIONS During the six months ended June 30, 2020 and 2019, the Company’s sole Director and Officer paid an amount of $875 and $174,290 by paying for expenses on behalf of the Company, respectively. As of June 30, 2020 and December 31, 2019, there were $34,322 and $33,447 due to related party, respectively.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation of Unaudited Interim Financial Statements	The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of June 30, 2020 and the results of operations and cash flows for the periods presented. The results of operations for the period ended June 30, 2020 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited interim financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC on January 5, 2021.
Recently Issued Accounting Pronouncements	Management has considered all recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s unaudited interim financial statements

ORGANIZATION, DESCRIPTION OF _2

ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN (Detail Narrative) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN
Accumulated deficit	$ (321,123)	$ (321,123)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Detail Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Due to related party	$ 34,322	$ 33,447	$ 33,447
Related Party Transaction, Expenses from Transactions with Related Party	875	174,290
Officers And Directors [Member]
Related Party Transaction, Expenses from Transactions with Related Party	$ 875	$ 174,290