Bitmis (BIMT) 10-K 19 Jul 22 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Jun. 30, 2022	Jul. 19, 2022	Dec. 31, 2021
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--06-30
Entity File Number	333-214469
Entity Registrant Name	BITMIS CORP.
Entity Central Index Key	0001678848
Entity Tax Identification Number	98-1310024
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	400 Blake St.
Entity Address, Address Line Two	Apt 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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		6,250,750
Auditor Name	BF Borgers CPA PC
Auditor Firm ID	5041
Auditor Location	Lakewood, CO

Balance Sheet

Balance Sheet	Jun. 30, 2022 USD ($)
ASSETS
Total assets
Current liabilities:
Accounts payable	1,914
Related party loans	7,358
Total current liabilities	9,272
Total Liabilities	9,272
Commitments and contingencies
Stockholders’ Deficit:
Common stock, par value $0.001; 75,000,000 shares authorized, 6,250,750 shares issued and outstanding as of June 30, 2022	6,251
Additional paid-in capital	31,357
Accumulated deficit	(46,880)
Total stockholders’ (deficit)	(9,272)
Total liabilities and equity

Balance Sheet (Parenthetical)

Balance Sheet (Parenthetical)	Jun. 30, 2022 $ / shares shares
Statement of Financial Position [Abstract]
Common stock, par value | $ / shares	$ 0.001
Common stock, shares authorized	75,000,000
Common stock, shares issued	6,250,750
Common stock, shares outstanding	6,250,750

Statement of Operations

Statement of Operations	12 Months Ended
	Jun. 30, 2022 USD ($) $ / shares
Income Statement [Abstract]
Revenue
Cost of revenue
Gross profit
Operating expenses:
General and administrative	7,358
Total operating expenses	7,358
Income loss from operations	(7,358)
Provision for income taxes
Total other income (expense)
Net loss	$ (7,358)
Basic and diluted earnings (loss) per common share | $ / shares	$ 0
Weighted-average number of common shares outstanding:
Basic and diluted | $ / shares	$ 6,250,750

Statement of Changes in Shareho

Statement of Changes in Shareholders Equity - 12 months ended Jun. 30, 2022 - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Jun. 30, 2021	$ 6,251	$ 31,357	$ (39,522)	$ (1,914)
Beginning balance, shares at Jun. 30, 2021	6,250,750
Net income (loss)			(7,358)	(7,358)
Ending balance, value at Jun. 30, 2022	$ 6,251	$ 31,357	$ (46,880)	$ (9,272)
Ending balance, shares at Jun. 30, 2022	6,250,750

Statement of Cash Flows

Statement of Cash Flows	12 Months Ended
	Jun. 30, 2022 USD ($)
Cash flows used in operating activities:
Net loss	$ (7,358)
Net cash provided by (used in) operating activities	(7,358)
Cash flows used in investing activities:
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Related party loans	7,358
Net cash provided by (used in) financing activities	7,358
Net change in cash
Cash, beginning of period
Cash, end of period
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for income taxes

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	12 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [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 5,000,000 395,000 1,250,000 1,000,000 1,000,000 750,000 500,000 500,000 20% 16% 16% 12% 8% 8% 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	12 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [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 June 30, 2022, the Company had a working capital deficit of $ 9,272 46,880 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	12 Months Ended
	Jun. 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 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	12 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY NOTES PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES	NOTE 4 – RELATED PARTY NOTES PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES As of June 30, 2022, the company had $ 1,914 7,358

COMMON STOCK

COMMON STOCK	12 Months Ended
	Jun. 30, 2022
Equity [Abstract]
COMMON STOCK	Note 5 – COMMON STOCK The Company has 75,000,000 0.001 6,250,750

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	Note 6 – COMMITMENTS AND CONTINGENCIES The Company did no

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 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
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 Narrative)	Feb. 24, 2020 USD ($) shares
Defined Benefit Plan Disclosure [Line Items]
Sale of shares common stock	5,000,000
Aggregate purchase price | $	$ 395,000
Li Wen Chen [Member]
Defined Benefit Plan Disclosure [Line Items]
Sale of shares common stock	1,250,000
Percentage of common stock	20%
Bi Feng Zhao [Member]
Defined Benefit Plan Disclosure [Line Items]
Sale of shares common stock	1,000,000
Percentage of common stock	16%
Heng Jian Yang [Member]
Defined Benefit Plan Disclosure [Line Items]
Sale of shares common stock	1,000,000
Percentage of common stock	16%
Kin Chiu Leung [Member]
Defined Benefit Plan Disclosure [Line Items]
Sale of shares common stock	750,000
Percentage of common stock	12%
Jin Jia Mai [Member]
Defined Benefit Plan Disclosure [Line Items]
Sale of shares common stock	500,000
Percentage of common stock	8%
Zhong Xiong Chen [Member]
Defined Benefit Plan Disclosure [Line Items]
Sale of shares common stock	500,000
Percentage of common stock	8%

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative)	Jun. 30, 2022 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Working capital deficit	$ 9,272
Accumulated deficit	$ 46,880

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	Jun. 30, 2022 USD ($)
Accounting Policies [Abstract]
Cash on hand	$ 0

RELATED PARTY NOTES PAYABLE, _2

RELATED PARTY NOTES PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES (Details Narrative)	Jun. 30, 2022 USD ($)
Related Party Transactions [Abstract]
Accounts payable	$ 1,914
Rrelated party debt	$ 7,358

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative)	Jun. 30, 2022 $ / shares shares
Equity [Abstract]
Common stock, shares authorized	75,000,000
Common stock, par value | $ / shares	$ 0.001
Common stock, shares issued	6,250,750
Common stock, shares outstanding	6,250,750

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative)	Jun. 30, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Contractual commitments	$ 0