Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Sep. 30, 2022 | Jan. 20, 2023 | |
Document Information Line Items | ||
Entity Registrant Name | BITMIS CORP. | |
Trading Symbol | N/A | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --06-30 | |
Entity Common Stock, Shares Outstanding | 7,250,750 | |
Amendment Flag | false | |
Entity Central Index Key | 0001678848 | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Document Period End Date | Sep. 30, 2022 | |
Document Fiscal Year Focus | 2022 | |
Document Fiscal Period Focus | Q1 | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | true | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 333-214469 | |
Entity Incorporation, State or Country Code | NV | |
Entity Tax Identification Number | 98-1310024 | |
Entity Address, Address Line One | 400 Blake Street, | |
Entity Address, Address Line Two | Suite 3401 | |
Entity Address, City or Town | New Haven | |
Entity Address, State or Province | CT | |
Entity Address, Postal Zip Code | 06515 | |
City Area Code | (646) | |
Local Phone Number | 768-8417 | |
Entity Interactive Data Current | Yes | |
Title of 12(b) Security | None | |
Security Exchange Name | NONE |
Condensed Balance Sheets
Condensed Balance Sheets - USD ($) | Sep. 30, 2022 | Jun. 30, 2022 |
Statement of Financial Position [Abstract] | ||
Total Assets | ||
Current Liabilities: | ||
Accounts payable | 1,914 | |
Related party loans | 7,358 | |
Total Current Liabilities | 9,272 | |
Total Liabilities | 9,272 | |
Stockholder’s Deficit: | ||
Preferred stock, par value $0.001, 10,000,000 shares authorized, 10,000,000 shares issued and outstanding | 10,000 | |
Common stock, par value $0.001; 75,000,000 shares authorized, 6,250,750 shares issued and outstanding as of March 31, 2020 and June 30, 2019 | 6,251 | 6,251 |
Additional paid in capital | 56,230 | 31,357 |
Accumulated deficit | (56,230) | (46,880) |
Total Stockholder’s Deficit | (9,272) | |
Total Liabilities and Stockholder’s Deficit |
Condensed Balance Sheets (Paren
Condensed Balance Sheets (Parentheticals) - $ / shares | Sep. 30, 2022 | Jun. 30, 2022 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, authorized shares | 10,000,000 | 10,000,000 |
Preferred stock, issued shares | 10,000,000 | 10,000,000 |
Preferred stock, outstanding shares | 10,000,000 | 10,000,000 |
Common stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Common stock, authorized Shares | 75,000,000 | 75,000,000 |
Common stock, issued shares | 6,250,750 | 6,250,750 |
Common stock, outstanding Shares | 6,250,750 | 6,250,750 |
Condensed Statements of Operati
Condensed Statements of Operations (Unaudited) | 3 Months Ended |
Sep. 30, 2022 USD ($) $ / shares shares | |
Income Statement [Abstract] | |
REVENUES | |
Gross Profit | |
OPERATING EXPENSES | |
General and Administrative Expenses | 9,350 |
TOTAL OPERATING EXPENSES | 9,350 |
NET LOSS FROM OPERATIONS | |
PROVISION FOR INCOME TAXES | |
NET LOSS | $ 9,350 |
LOSS PER SHARE: BASIC AND DILUTED (in Dollars per share) | $ / shares | $ 0 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED (in Shares) | shares | 6,250,750 |
Condensed Statements of Opera_2
Condensed Statements of Operations (Unaudited) (Parentheticals) | 3 Months Ended |
Sep. 30, 2022 $ / shares shares | |
Income Statement [Abstract] | |
LOSS PER SHARE: BASIC AND DILUTED | $ / shares | $ 0 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED | shares | 6,250,750 |
Condensed Statement of Changes
Condensed Statement of Changes in Stockholders’ Equity (Deficit) (Unaudited) - 3 months ended Sep. 30, 2022 - USD ($) | Common Stock | Additional Paid-in Capital | Accumulated deficit | Total |
Balance at Jun. 30, 2022 | $ 6,251 | $ 31,357 | $ (46,880) | $ (9,272) |
Balance (in Shares) at Jun. 30, 2022 | 6,250,750 | |||
Net loss | (9,350) | (9,350) | ||
Liabilities assumed by shareholders | 18,622 | 18,622 | ||
Balance at Sep. 30, 2022 | $ 6,251 | $ 49,979 | $ (56,230) | |
Balance (in Shares) at Sep. 30, 2022 | 6,250,750 |
Condensed Statement of Cash Flo
Condensed Statement of Cash Flows (Unaudited) | 3 Months Ended |
Sep. 30, 2022 USD ($) | |
CASH FLOWS FROM OPERATING ACTIVITIES | |
Net loss for the period | $ (9,350) |
Change in operating assets and liabilities | |
CASH FLOWS (USED IN) OPERATING ACTIVITIES | (9,350) |
CASH FLOWS FROM FINANCING ACTIVITIES | |
Proceeds from related party loans | 9,350 |
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | 9,350 |
NET INCRASE IN CASH | |
Cash, beginning of period | |
Cash, end of period | |
SUPPLMENTAL CASH FLOW INFORMATION: | |
Interest paid | |
Income taxes paid |
Organization and Business
Organization and Business | 3 Months Ended |
Sep. 30, 2022 | |
Accounting Policies [Abstract] | |
ORGANIZATION AND BUSINESS | Note 1 – ORGANIZATION AND BUSINESS Bitmis Corp. (“the Company”) was founded in the State of Nevada on June 6, 2016. The Company originally intended to commence operations in the business of consulting in Thailand but it was not successful. On February 24, 2020, Anna Varlamova, the president, treasurer, secretary and director of Bitmis Corp. sold 5,000,000 shares of the Company’s common stock, representing 80% of the total issued and outstanding shares of common stock of the Company, in a private transaction (the “Transaction”) to Li Wen Chen, Bi Feng Zhao, Heng Jian Yang, Kin Chiu Leung, Jin Jia Mai and Zhong Xiong Chen for an aggregate purchase price of $395,000 (the “Purchase Price”). Li Wen Chen, Bi Feng Zhao, Heng Jian Yang, Kin Chiu Leung, Jin Jia Mai and Zhong Xiong Chen (collectively, the “Purchasers”) purchased, respectively, 1,250,000 shares, 1,000,000 shares, 1,000,000 shares, 750,000 shares, 500,000 shares and 500,000 shares of the common stock of the Company from Anna Varlamova. The share ownership of Li Wen Chen, Bi Feng Zhao, Heng Jian Yang, Kin Chiu Leung, Jin Jia Mai and Zhong Xiong Chen represents, respectively, 20%, 16%, 16%, 12%, 8% and 8% of the total issued and outstanding shares of common stock of the Company. In December 2019, a novel strain of coronavirus, causing a disease referred to as COVID-19, was reported to have surfaced in Wuhan, China. Since then, COVID-19 has spread all over China and many other countries in the world. In March 2020, the World Health Organization declared the COVID-19 outbreak a pandemic. The Company’s business and results of operations have been adversely affected and could continue to be adversely affected by the COVID-19 pandemic. Quarantines, travel restrictions, shelter-in-place and other restrictions related to COVID-19 have impacted the Company’s abilities to visit and meet clients in China for potential merger and acquisition projects. The global economy has also been materially negatively affected by COVID-19 and there is continued severe uncertainty about the duration and intensity of its impacts. The Chinese and global growth forecast is extremely uncertain, which could seriously affect people’s investment desires in China and internationally. While the potential economic impact brought by, and the duration of, COVID-19 may be difficult to assess or predict, a widespread pandemic could result in significant disruption of global financial markets, reducing the Company’s ability to access capital, which could negatively affect the Company’s liquidity. On July 8, 2020, the Board of Directors received a resignation letter from Mr. Zhong Xiong Chen, a member of the Board, effective on July 8, 2020. Mr. Chen indicated that his resignation was due to personal reasons. On July 8, 2020, the Board received a resignation letter from Ms. Li Wen Chen, a member of the Board and Chief Financial Officer of the Company, effective on July 8, 2020. Ms. Chen indicated that her resignation was due to personal reasons. The Company has been dormant since July, 2020. On April 12, 2022, the Eighth Judicial District Court in Clark County, Nevada Case No: A-22-849683-B appointed Custodian Ventures, managed by David Lazar as the Company’s custodian. Upon his appointment all former officers and directors of the Company resigned. |
Going Concern
Going Concern | 3 Months Ended |
Sep. 30, 2022 | |
Going Concern [Abstract] | |
GOING CONCERN | Note 2 – GOING CONCERN The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these consolidated financial statements. The Company has incurred significant operating losses since its inception. As of Septembe3 30, 2022, the Company had a working capital deficit of $nil The Company expects to generate operating cash flows that will be sufficient to fund presently anticipated operations although there can be no assurance. This raises substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing to supplement expected cash flow. Historically, the Company has raised capital through private placements, as an interim measure to finance working capital needs and may continue to raise additional capital through the sale of common stock or other securities and obtaining some short-term loans. The Company will be required to continue to do so until its revenues support its operations. The Company may attempt to raise capital in the near future through the sale of equity or debt financing; however, there can be assurances the Company will be successful in doing so. There can be no assurance that such additional financing will be available to the Company on acceptable terms or at all. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Sep. 30, 2022 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP Principles of consolidation The consolidated financial statements include the financial statements of all the subsidiaries. All inter-company transactions and balances have been eliminated upon consolidation. Use of estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the calculation of stock-based compensation, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting period. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ from those estimates. Significant items subject to such estimates and assumptions include valuation of inventory, and recoverability of carrying amount and the estimated useful lives of long-lived assets. Cash and cash equivalents Cash and cash equivalents consist of cash on hand, cash in bank with no restrictions, as well as highly liquid investments which are unrestricted as to withdrawal or use, and which have remaining maturities of three months or less when initially purchased. As of June 30, 2022, the Company had no cash on hand. Income taxes The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes” “Accounting for Uncertainty in Income Taxes” The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit. Net Loss per Share Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. Recent Accounting Pronouncements There are no recent accounting pronouncements that impact the Company’s operations. |
Related Party Notes Payable, Ac
Related Party Notes Payable, Accrued Expenses and Other Liabilities | 3 Months Ended |
Sep. 30, 2022 | |
Payables and Accruals [Abstract] | |
RELATED PARTY NOTES PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES | NOTE 4 – RELATED PARTY NOTES PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES On September 22, 2022, as a result of a private transaction 10,000,000 shares of Series A Preferred Stock, $0.001 par value per share (the “Shares”) of Bitmis Corp., a Nevada corporation (the “Company”), were transferred from Custodian Ventures LLC, a Wyoming limited liability company, to Yuan Xiaoyan (the “Purchaser”). The transaction contemplated in the SPA closed on the same day (the “Closing”) subject to certain post-closing delivery as set forth in the SPA. In connection with the SPA, on the same day, the Company and Custodian agreed that the liabilities would fully assumed by Custodian, as of September 22, 2022, with amount of $18,622 as part of the transaction terms. As of September 30 and June 30, 2022, the company had nil nil |
Stockholders_ Equity
Stockholders’ Equity | 3 Months Ended |
Sep. 30, 2022 | |
Stockholders' Equity [Abstract] | |
STOCKHOLDERS’ EQUITY | Note 5 – STOCKHOLDERS’ EQUITY The Company has 75,000,000, $0.001 par value shares of common stock authorized. There were 6,250,750 shares of common stock issued and outstanding as of September 30, 2022. Additionally, the Company’s issued capital stock of Preferred Shares consists of 10,000,000 shares of Series A Preferred stock was issued to Custodian Ventures, LLC on July 20, 2022 as compensation for the funding it has provided to the Company. |
Commitments and Contingencies
Commitments and Contingencies | 3 Months Ended |
Sep. 30, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | Note 6 – COMMITMENTS AND CONTINGENCIES The Company did not have any contractual commitments as of September 30, 2022. |
Subsequent Event
Subsequent Event | 3 Months Ended |
Sep. 30, 2022 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENT | Note 7 – SUBSEQUENT EVENT On December 30, 2022, the Company entered into a share exchange agreement (“Share Exchange Agreement”) with (i) Cambell International Holding Limited (“Cambell International”), a limited liability company incorporated in British Virgin Islands on September 23, 2020 and (ii) the shareholders of Cambell International (the “Cambell Shareholders”) to acquire all the issued and outstanding capital stock of Cambell International in exchange for the issuance to the Cambell Shareholders of an aggregate of 1,000,000 shares (the “Shares”) of the Company’s common stock and the transfer by Ms. Xiaoyan to the Cambell Shareholders of 9,000,000 shares of our Series A Preferred Stock owned by her (“Reverse Acquisition”). The Reverse Acquisition was closed on December 30, 2022. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 3 Months Ended |
Sep. 30, 2022 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP |
Principles of consolidation | Principles of consolidation The consolidated financial statements include the financial statements of all the subsidiaries. All inter-company transactions and balances have been eliminated upon consolidation. |
Use of Estimates | Use of estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the calculation of stock-based compensation, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting period. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ from those estimates. Significant items subject to such estimates and assumptions include valuation of inventory, and recoverability of carrying amount and the estimated useful lives of long-lived assets. |
Cash and Cash Equivalents | Cash and cash equivalents Cash and cash equivalents consist of cash on hand, cash in bank with no restrictions, as well as highly liquid investments which are unrestricted as to withdrawal or use, and which have remaining maturities of three months or less when initially purchased. As of June 30, 2022, the Company had no cash on hand. |
Income Taxes | Income taxes The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes” “Accounting for Uncertainty in Income Taxes” The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit. |
Net Loss per Share | Net Loss per Share Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements There are no recent accounting pronouncements that impact the Company’s operations. |
Organization and Business (Deta
Organization and Business (Details) | 1 Months Ended |
Feb. 24, 2020 USD ($) shares | |
Organization and Business (Details) [Line Items] | |
Sale of shares common stock | 5,000,000 |
Percentage of total issued and outstanding shares | 80% |
Aggregate of purchase price | $ | $ 395,000 |
Li Wen Chen [Member] | |
Organization and Business (Details) [Line Items] | |
Percentage of total issued and outstanding shares | 20% |
Bi Feng Zhao [Member] | |
Organization and Business (Details) [Line Items] | |
Percentage of total issued and outstanding shares | 16% |
Heng Jian Yang [Member] | |
Organization and Business (Details) [Line Items] | |
Percentage of total issued and outstanding shares | 16% |
Kin Chiu Leung [Member] | |
Organization and Business (Details) [Line Items] | |
Percentage of total issued and outstanding shares | 12% |
Jin Jia Mai [Member] | |
Organization and Business (Details) [Line Items] | |
Percentage of total issued and outstanding shares | 8% |
Zhong Xiong Chen [Member] | |
Organization and Business (Details) [Line Items] | |
Percentage of total issued and outstanding shares | 8% |
Li Wen Chen [Member] | |
Organization and Business (Details) [Line Items] | |
Common stock shares acquired | 1,250,000 |
Bi Feng Zhao [Member] | |
Organization and Business (Details) [Line Items] | |
Common stock shares acquired | 1,000,000 |
Heng Jian Yang [Member] | |
Organization and Business (Details) [Line Items] | |
Common stock shares acquired | 1,000,000 |
Kin Chiu Leung [Member] | |
Organization and Business (Details) [Line Items] | |
Common stock shares acquired | 750,000 |
Jin Jia Mai [Member] | |
Organization and Business (Details) [Line Items] | |
Common stock shares acquired | 500,000 |
Zhong Xiong Chen [Member] | |
Organization and Business (Details) [Line Items] | |
Common stock shares acquired | 500,000 |
Going Concern (Details)
Going Concern (Details) - USD ($) | Sep. 30, 2022 | Jun. 30, 2022 |
Going Concern [Abstract] | ||
Working capital deficit | ||
Accumulated deficit | $ (56,230) | $ (46,880) |
Related Party Notes Payable, _2
Related Party Notes Payable, Accrued Expenses and Other Liabilities (Details) - USD ($) | 1 Months Ended | ||
Sep. 22, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | |
Related Party Notes Payable, Accrued Expenses and Other Liabilities [Line Items] | |||
Preferred stock shares (in Shares) | 10,000,000 | 10,000,000 | |
Preferred stock par value (in Dollars per share) | $ 0.001 | $ 0.001 | |
Transaction amount | $ 18,622 | ||
Accounts payable | $ 1,914 | ||
Interest free related party loans | $ 7,358 | ||
Series A Preferred Stock [Member] | |||
Related Party Notes Payable, Accrued Expenses and Other Liabilities [Line Items] | |||
Preferred stock shares (in Shares) | 10,000,000 | ||
Preferred stock par value (in Dollars per share) | $ 0.001 |
Stockholders_ Equity (Details)
Stockholders’ Equity (Details) - $ / shares | Sep. 30, 2022 | Jul. 20, 2022 | Jun. 30, 2022 |
Stockholders’ Equity [Line Items] | |||
Common stock, shares authorized | 75,000,000 | 75,000,000 | |
Common stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 | |
Common stock, shares issued | 6,250,750 | 6,250,750 | |
Common stock, shares outstanding | 6,250,750 | 6,250,750 | |
Series A Preferred Stock [Member] | |||
Stockholders’ Equity [Line Items] | |||
Preferred shares issued | 10,000,000 |
Subsequent Event (Details)
Subsequent Event (Details) - Subsequent Event [Member] | Dec. 30, 2022 shares |
Common Stock [Member] | |
Subsequent Event (Details) [Line Items] | |
Aggregate of shares | 1,000,000 |
Series A Preferred Stock [Member] | |
Subsequent Event (Details) [Line Items] | |
Aggregate of shares | 9,000,000 |