Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2017 | Apr. 17, 2018 | Jun. 30, 2017 | |
Document And Entity Information | |||
Entity Registrant Name | Anvia Holdings Corp | ||
Entity Central Index Key | 1,681,282 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2017 | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Entity a Well-known Seasoned Issuer | No | ||
Entity a Voluntary Filer | No | ||
Entity's Reporting Status Current | Yes | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Public Float | $ 7,761,347 | ||
Entity Common Stock, Shares Outstanding | 19,003,367 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2,017 |
Balance Sheets
Balance Sheets - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Current Assets | ||
Cash and cash equivalents | $ 237 | |
Accounts receivable | 81,000 | |
Due from Officer | 10,904 | |
Prepaid deposits for acquisitions | 32,000 | |
Total Current Assets | 124,141 | |
Computer software, net | 28,500 | |
Total Assets | 152,641 | 0 |
Current Liabilities | ||
Accounts payable | 18,639 | |
Accounts payable-related party | 10,500 | |
Accrued liabilities | 29,613 | 5,250 |
Payable to affiliate | 4,120 | |
Total Current Liabilities | 62,872 | 5,250 |
Commitments and Contingencies (Note 7) | ||
Stockholders' Equity (Deficit) | ||
Series A Preferred stock, $0.0001 par value, 20,000,000 shares authorized; 1,000 shares and none issued and outstanding at December 31, 2017 and 2016, respectively | ||
Common stock, $0.0001 par value, 100,000,000 shares authorized; 19,003,367 shares and 20,000,000 shares issued and outstanding at December 31, 2017 and 2016, respectively | 1,901 | 2,000 |
Discount on common stock | (500) | |
Additional paid in capital | 161,463 | 312 |
Stock subscriptions received in advance | 420 | |
Accumulated deficit | (73,515) | (7,562) |
Total Stockholders' Equity (Deficit) | 89,769 | (5,250) |
Total Liabilities and Stockholders' Equity | $ 152,641 | $ 0 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2017 | Dec. 31, 2016 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 1,000 | |
Preferred stock, shares outstanding | 1,000 | |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 19,003,367 | 20,000,000 |
Common stock, shares outstanding | 19,003,367 | 20,000,000 |
Statements of Operations
Statements of Operations - USD ($) | 5 Months Ended | 12 Months Ended |
Dec. 31, 2016 | Dec. 31, 2017 | |
Income Statement [Abstract] | ||
Revenue | $ 99,330 | |
Cost of Revenue | 29,139 | |
Gross Profit | 70,191 | |
Operating Expenses | ||
General and administrative | 7,562 | 136,144 |
Total Operating Expenses | 7,562 | 136,144 |
Loss from Operations Before Income Tax | (7,562) | (65,953) |
Provision for Income Tax | ||
Net Loss | $ (7,562) | $ (65,953) |
Basic and Diluted Net Loss Per Share | $ 0 | $ 0 |
Weighted Average Number of Shares Outstanding - Basic and Diluted | 20,000,000 | 16,877,579 |
Statements of Changes in Shareh
Statements of Changes in Shareholders' Equity (Deficit) - USD ($) | Common Stock [Member] | Discount on Common Stock [Member] | Subscriptions Receivable [Member] | Additional Paid-In Capital [Member] | Accumulated Deficit [Member] | Total |
Balance at Jul. 21, 2016 | ||||||
Balance, shares at Jul. 21, 2016 | ||||||
Issuance of shares to founders | $ 2,000 | 2,000 | ||||
Issuance of shares to founders, shares | 20,000,000 | |||||
Capital contribution in settlement of obligations | 312 | 312 | ||||
Net loss | (7,562) | (7,562) | ||||
Balance at Dec. 31, 2016 | $ 2,000 | 312 | (7,562) | (5,250) | ||
Balance, shares at Dec. 31, 2016 | 20,000,000 | |||||
Redemption of shares | $ (2,000) | 2,000 | ||||
Redemption of shares, shares | (20,000,000) | |||||
Issuance of shares as a result of change in control | $ 500 | (500) | ||||
Issuance of shares as a result of change in control, shares | 5,000,000 | |||||
Sale of shares for cash | $ 1,401 | 159,151 | 160,552 | |||
Sale of shares for cash, shares | 14,003,367 | |||||
Subscriptions deposits | 420 | 420 | ||||
Net loss | (65,953) | (65,953) | ||||
Balance at Dec. 31, 2017 | $ 1,901 | $ (500) | $ 420 | $ 159,463 | $ (73,515) | $ 89,769 |
Balance, shares at Dec. 31, 2017 | 19,003,367 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 5 Months Ended | 12 Months Ended |
Dec. 31, 2016 | Dec. 31, 2017 | |
Cash Flows from Operating Activities | ||
Net loss | $ (7,562) | $ (65,953) |
Adjustment to reconcile net loss to net cash used in operating activities: | ||
Expenses paid by stockholder and contributed as capital | 312 | |
Common stock issued for services | 2,000 | |
Amortization of computer software | 1,500 | |
Changes in operating assets and liabilities | ||
Accounts receivable | (81,000) | |
Due from Officer | (10,904) | |
Accounts payable | 13,389 | |
Accounts payable-related party | 10,500 | |
Accrued liabilities | 5,250 | 29,613 |
Net Cash Used in Operating Activities | (102,855) | |
Cash Flows from Investing Activities | ||
Cash paid for purchase of computer software | (30,000) | |
Net cash paid for earnest deposit for acquisitions | (32,000) | |
Net Cash Used in Investing Activities | (62,000) | |
Cash Flows from Financing Activities | ||
Cash proceeds from related parties | 4,120 | |
Cash proceeds from stock subscriptions received in advance | 420 | |
Cash proceeds from sale of common stock | 160,552 | |
Net Cash Provided by Financing Activities | 165,092 | |
Net Increase in Cash and Cash Equivalents | 237 | |
Cash and Cash Equivalents, Beginning of the Period | ||
Cash and Cash Equivalents, End of the Period | 237 | |
Supplemental Disclosures of Cash Flow Information | ||
Cash paid for income taxes | ||
Cash paid for interest | ||
Supplemental Disclosure of Non-Cash Investing and Financing Activities: | ||
Common stock issued to founders for no consideration | 2,000 | 500 |
Redemption of common stock in connection with the change of control | $ 2,000 |
Nature of Operations and Going
Nature of Operations and Going Concern | 12 Months Ended |
Dec. 31, 2017 | |
Accounting Policies [Abstract] | |
Nature of Operations and Going Concern | NOTE 1: NATURE OF OPERATIONS AND GOING CONCERN Nature of Operations As used herein and except as otherwise noted, the term “Company”, “it(s)”, “our”, “us”, “we”, and “ANVIA” shall mean Anvia Holdings Corporation, a Delaware corporation. Anvia Holdings Corporation (formerly Dove Street Acquisition Corporation) was incorporated on July 22, 2016 under the laws of the state of Delaware. The Company is engaged in the development and commercialization of web-based technology, the “Anvia Loyalty” and “Anvia Learning” mobile applications, and other intellectual property (collectively the “Anvia Technology”), as evidenced by the introduction of the Anvia Technology into the stream of commerce, and the Company’s commercial relationships with third parties. On January 10, 2017, the Company effected a change of control by cancelling an aggregate of 19,500,000 shares of common stock of existing shareholders (the “Former Shareholders”), issuing 5,000,000 shares of common stock to its sole officer and director; electing new officer and director and accepting the resignations of its then existing officers and directors. In connection with the change of control, the sole shareholder of the Company and its board of directors unanimously approved the change of the Company’s name from Dove Street Acquisition Corporation to Anvia Holdings Corporation. On November 20, 2017, the Company cancelled the remaining 500,000 shares of common stock issued to the Former Shareholders (Note 8). Going Concern The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has faced significant liquidity shortages as shown in the accompanying financial statements. The Company has generated minimal revenues and has sustained operating losses since July 22, 2016 (Inception Date) to date and allow it to continue as a going concern. 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 financing to continue operations, and the attainment of profitable operations. The Company incurred a net loss of $65,953 for the year ended December 31, 2017, used net cash flows in operating activities of $102,855, has a working capital of $61,270, and has an accumulated deficit of $73,515 as of December 31, 2017. These factors, among others, raise a substantial doubt regarding the Company’s ability to continue as a going concern. If the Company is unable to obtain adequate capital, it could be forced to cease operations. The accompanying financial statements do not include any adjustments to reflect 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. Although the Company has had difficulty in obtaining working lines of credit from financial institutions and trade credit from vendors, management has been able to raise capital from private placements and further expand the Company’s operations geographically to continue its growth. During 2017, the Company sold 14,003,367 shares of its common stock to accredited investors and received net cash proceeds of $160,552. Given the liquidity and credit constraints in the markets, the business may suffer should the credit markets not improve in the near future. The direct impact of these conditions is not fully known. However, there can be no assurance that the Company would be able to secure additional funds if needed, and that if such funds were available on commercially reasonable terms or in the necessary amounts, and whether the terms or conditions would be acceptable to the Company. In such case, the reduction in operating expenses might need to be substantial in order for the Company to generate positive cash flows to sustain the operations of the Company. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2017 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the 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 reporting period. The Company regularly evaluates estimates and assumptions related to the valuation of accounts receivables, valuation of long-lived assets, accounts payable and accrued liabilities. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Cash and Cash Equivalents The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. The Company did not have any cash equivalents as of December 31, 2017 and 2016, respectively. Accounts Receivable Accounts receivable represent revenues earned from vocational training and education programs provided for the construction tradesmen to its customers for which the Company has not yet received payment. Accounts receivable are recorded at the invoiced amount and stated at the amount management expect to collect from balances outstanding at period-end. The Company estimates the allowance for doubtful accounts based on an analysis of specific accounts and an assessment of the customer’s ability to pay. The Company has recorded accounts receivable of $81,000 and $0 as of December 31, 2017 and 2016, respectively. Property and Equipment Property and equipment consist of computer software, which is recorded at cost, and amortized on a straight-line basis over its estimated useful life of five (5) years. Expenditures for renewals and betterments are capitalized. Expenditures for minor items, repairs and maintenance are charged to operations as incurred. Gain or loss upon sale or retirement due to obsolescence is reflected in the operating results in the period the event takes place. Long-lived Assets In accordance with Accounting Standards Codification “ASC” 360, “ Property, Plant, and Equipment Fair value of Financial Instruments and Fair Value Measurements ASC 820, “ Fair Value Measurements and Disclosures”, Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company’s financial instruments consist principally of cash, accounts receivable, accounts payable, accrued liabilities, and advances payable to affiliates. Pursuant to ASC 820, “ Fair Value Measurements and Disclosures” Financial Instruments” The following table presents assets and liabilities that were measured and recognized at fair value as of December 31, 2017 on a recurring basis: Description Level 1 Level 2 Level 3 None $ - $ - $ - The following table presents assets and liabilities that were measured and recognized at fair value as of December 31, 2016 on a recurring basis: Description Level 1 Level 2 Level 3 None $ - $ - $ - Revenue Recognition The Company provides vocational training and education for construction tradesman that need qualifications for roofing, plumbing, home renovation, electrical and carpentry. The Company’s training packages vary in price according to the different types of vocational training and education programs purchased by the customers. The Company recognizes revenue upon the completion of the vocational training courses and education programs offered to its customers. The Company recognizes as revenue any deposits previously received, as they are non-refundable upon commencement of the vocational training courses. The Company’s revenue recognition policy is based on the revenue recognition criteria established in accordance with Accounting Standards Codification (ASC) 605. The criteria and how the Company satisfies each element are as follows: (1) persuasive evidence of an arrangement - the Company and the customer enters into a signed contract; (2) delivery has occurred - as noted above, upon the commencement of the training course, the deposit is non-refundable per the terms of the signed contract and upon completion of the course, the Company has provided all services to be delivered to the customer under the contract; (3) the price is fixed and determinable - the signed contract indicates a fixed dollar amount for the training for the courses enrolled by the customer; (4) collectability is reasonable assured - the Company receives as payment a deposit and the balance of the training upon the completion of the training course. Income Taxes The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “ Income Taxes” The Company follows the provisions of ASC 740, “ Income Taxes Earnings (Loss) Per Share The Company computes net earnings (loss) per share in accordance with ASC 260, “ Earnings per Share” Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company maintains its cash in bank and financial institution deposits that at times may exceed federally insured limits. The Company has not experienced any losses in such accounts through December 31, 2017 and December 31, 2016. The Company’s bank balance did not exceed FDIC insured amounts at December 31, 2017 or at December 31, 2016, respectively. Recent Accounting Pronouncements In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business In November 2016, the FASB issued Accounting Standards Update No. 2016-18, “ Statement of Cash Flows (Topic 230): Restricted Cash” (“ASU 2016-18”) In June 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-13, “ Financial Instruments - Credit Losses In February 2016, the FASB issued ASU 2016-02, “ Leases In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” (“ASU 2014-09”). ASU 2014-09 supersedes the revenue recognition requirements in ASC 605 - Revenue Recognition (“ASC 605”) and most industry-specific guidance throughout ASC 605. The FASB has issued numerous updates that provide clarification on a number of specific issues as well as requiring additional disclosures. The core principle of ASC 606 requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASC 606 defines a five-step process to achieve this core principle and, in doing so, it is possible more judgment and estimates may be required within the revenue recognition process than required under existing U.S. GAAP including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The guidance may be adopted through either retrospective application to all periods presented in the financial statements (full retrospective approach) or through a cumulative effect adjustment to retained earnings at the effective date (modified retrospective approach). The guidance was revised in July 2015 to be effective for emerging growth companies for annual and interim periods beginning on or after December 15, 2018. The Company is currently evaluating ASU 2014-09 and its impact on its consolidated financial statements. |
Prepaid Deposits for Acquisitio
Prepaid Deposits for Acquisitions | 12 Months Ended |
Dec. 31, 2017 | |
Prepaid Deposits For Acquisitions | |
Prepaid Deposits for Acquisitions | NOTE 3 – PREPAID DEPOSITS FOR ACQUISITIONS The Company has prepaid deposits for acquisitions of $32,000 and $0 at December 31, 2017 and 2016, respectively. Prepaid deposits consist of (a) $20,000 prepaid to a third party for performing due diligence on an entity All Crescent Sdn Bhd (“All Crescent”) located in Malaysia for future acquisition; and (b) $12,000 prepaid deposits for future potential acquisition of a vocational college named Global Institute of Vocational Education, located in Australia. The Company anticipates completing the due diligence and expects to complete the acquisitions by April 30, 2018. On March 22, 2017, Anvia entered into a non-binding preliminary agreement with All Crescent and agreed to pay a consideration of $200,000 in exchange for obtaining 51% equity stake in All Crescent. At the time of closing of All Crescent, among other things, All Crescent shall (a) own 100% of the issued and outstanding capital stock of Sage Interactive Sdn Bhd and 100% of the issued and outstanding capital stock of Sage Interactive MSC Sdn Bhd (collectively “Sage Interactive”); and (b) own 5% of the issued and outstanding capital stock of Celex Media Sdn Bhd (“Celex”). Sage Interactive and Celex are Malaysian companies that own the “Learning Management System and Applications” technology and specialize in developing and providing learning management technologies, learning solutions and eContent. Celex operates as digital content aggregator, e-learning platform provider and distributor of e-books, e-magazines and e-textbooks. Upon consummation of the proposed acquisition of All Crescent, All Crescent shall become a majority-owned subsidiary of Anvia. Management has completed the due diligence of this acquisition and is negotiating the final purchase price of this acquisition. No formal agreements have been executed as of the date of this report. On October 10, 2017, Anvia paid $12,000 to an affiliate Kasa Corporation (Australia) Pty Ltd as a deposit towards the purchase of a vocational college named Global Institute of Vocational Education (Note 10). |
Computer Software
Computer Software | 12 Months Ended |
Dec. 31, 2017 | |
Property, Plant and Equipment [Abstract] | |
Computer Software | NOTE 4: COMPUTER SOFTWARE Computer software consists of the following: Description December 31, 2017 December 31, 2016 Computer software and applications $ 30,000 $ - 30,000 - Less: accumulated amortization (1,500 ) - Computer Software, net $ 28,500 $ - On October 2, 2017, the Company purchased computer software and applications from an affiliate to further enhance its sales to distributors (Note 6). The Company recorded the actual historical costs incurred by the affiliate in acquiring and developing the computer software and applications. Amortization expense for the computer software and applications purchased for the years ended December 31, 2017 and 2016, was $1,500 and $0, respectively. |
Accrued Liabilities
Accrued Liabilities | 12 Months Ended |
Dec. 31, 2017 | |
Payables and Accruals [Abstract] | |
Accrued Liabilities | NOTE 5 – ACCRUED LIABILITIES Accrued liabilities for the years ended December 31, 2017 and 2016 is summarized as follows. December 31, 2017 December 31, 2016 Consulting fees $ 6,478 $ - Travel expense 5,395 - Audit fees 12,750 5,250 Legal Fees 4,628 - Other 362 - Total Accrued Expense $ 29,613 $ 5,250 Accrued liabilities were $29,613 and $5,250 at December 31, 2017 and 2016, respectively. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2017 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 6 – RELATED PARTY TRANSACTIONS On January 11, 2017, the Company issued 5,000,000 shares of its common stock to its President, an officer and director of the Company valued at $500. The Company recorded a discount of the same amount as no consideration was paid for these shares. On February 16, 2017, the Company issued to a family member of the President of the Company 1,000,000 shares of its common stock for total proceeds of $1,000. On February 16, 2017, the Company also issued to an officer and director of the Company, an aggregate of 5,000,000 shares of its common stock in exchange for total proceeds of $500 (Note 8). In February 2017, the Company issued to its President and an officer, an aggregate of 600 Series A preferred shares and 400 Series A preferred shares at $0.0001 par value for total proceeds of $0.06 and $0.04, respectively. The Company paid $3,700 to a third-party vendor as a deposit for an acquisition and paid $7,204 for travel and other expenses of an officer, prior to the change in control that occurred on January 10, 2017. The Company deemed these expenses as personal expenses of the officer and recorded $10,904 as amount due from the officer as of December 31, 2017. The amount due from officer is unsecured, collectible and due on demand by the Company. On October 2, 2017, the Company purchased from a related party affiliate computer software and applications for $30,000, for designing, developing and implementing a business-to-business software solution for Anvia eco-system for tradesmen in Australia and globally (Note 4). Accounts payable to a related party amounted to $10,500 and $0 at December 31, 2017 and 2016, respectively. The $10,500 accounts payable to the related party was for the cost of training and consulting service provided to Anvia’s customers. Payable to a related party amounted to $4,120 and $0 at December 31, 2017 and 2016, respectively. The $4,120 payable to the affiliate was for short term advances received for the Company’s working capital needs. The $4,120 advance received from the affiliate is unsecured, non-interest bearing and payable on demand. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | NOTE 7 – COMMITMENTS AND CONTINGENCIES Commitments On February 9, 2017, the Company executed an operating lease agreement for its principal office with a monthly rent of $289, lease commencing on February 10, 2017 and terminating on February 28, 2018. The Company paid a security deposit of $578 on February 9, 2017 upon the execution of the lease. On November 1, 2017, the Company negotiated to terminate the lease and agreed to forgo the security deposit of $578 in settlement of terminating the lease. The Company recorded rent expense of $2,807 and $0 for the year ended December 31, 2017 and 2016, respectively. Litigation Costs and Contingencies From time to time, the Company may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. Litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm business. Other than as set forth below, management is currently not aware of any such legal proceedings or claims that could have, individually or in the aggregate, a material adverse effect on our business, financial condition, or operating results. In the normal course of business, the Company incurs costs to hire and retain external legal counsel to advise it on regulatory, litigation and other matters. The Company expenses these costs as the related services are received. If a loss is considered probable and the amount can be reasonable estimated, the Company recognizes an expense for the estimated loss. |
Stockholders' Equity
Stockholders' Equity | 12 Months Ended |
Dec. 31, 2017 | |
Equity [Abstract] | |
Stockholders' Equity | NOTE 8: STOCKHOLDERS’ EQUITY The Company’s capitalization at December 31, 2017 was 100,000,000 authorized common shares and 20,000,000 authorized preferred shares, both with a par value of $0.0001 per share. Common Stock On July 22, 2016, the Company issued 20,000,000 shares of its common stock, at par value of $0.0001 per share, to two directors and officers for the services performed valued at $2,000. The officers and directors of the Company contributed as additional paid in capital in settlement of Company’s expenses of $312 as of December 31, 2016. On January 10, 2017, the Company effectuated a change in control and redeemed 19,500,000 shares of its then outstanding 20,000,000 shares of common stock upon the resignation of two officers and directors. On January 11, 2017, the Company issued 5,000,000 shares of its common stock at par value and at a discount of $500, accepted resignation of two officers and directors, and pursuant to Section 4(2) of the Securities Act of 1933, appointed Mr. Ali Kasa, to be the Company’s Chief Executive Officer, the sole officer and director. On November 7, 2017, the Company and two former founders and directors of the Company mutually agreed to cancel the remaining 500,000 shares of the Company’s common stock valued at $50 issued to them on July 22, 2016 (Inception Date). The shares were added to the Company’s authorized but not unissued common stock on the date of return. On February 16, 2017, the Company issued to a family member of the President of the Company 1,000,000 shares of its common stock for total proceeds of $1,000. On February 16, 2017, the Company issued to an officer and director of the Company, an aggregate of 5,000,000 shares of its common stock for total proceeds of $500, or at $0.0001 per share (Note 6). For the year ended December 31, 2017, the Company sold 14,003,367 shares of its common stock to the Investors between the share price of $0.001 per share to $0.60 per share and received cash proceeds of $160,552. The Company has also received in advance $420 for stock subscription deposits for which the Company has not issued 420,000 shares of common stock as of December 31, 2017. All the stock certificates issued to the investors have been affixed with an appropriate legend restricting sales and transfers. Based on the foregoing, the Company has issued the shares in reliance upon the exemptions from registration provided by Section 4a (2) of the Securities Act of 1933. As a result of all common stock issuances, the total issued and outstanding shares of common stock at December 31, 2017 and 2016 were 19,003,367 and 20,000,000, respectively. Preferred Stock Series A Preferred Stock The Company’s directors and officers have beneficial ownership of the entire class of the Company’s Series A Preferred Stock, which voting together as a class, have the right to vote 51% of the Company’s voting shares on all shareholder matters (the “Majority Voting Rights”) not adopt any amendments to the Company’s Bylaws, Articles of Incorporation, as amended, make any changes to the Certificate of Designations establishing the Series A Preferred Stock, or effect any reclassification of the Series A Preferred Stock, without the affirmative vote of at least 60% of the outstanding shares of Series A Preferred Stock. However, the Company may, by any means authorized by law and without any vote of the holders of shares of Series A Preferred Stock, make technical, corrective, administrative or similar changes to such Certificate of Designations that do not, individually or in the aggregate, adversely affect the rights or preferences of the holders of shares of Series A Preferred Stock. Other than the Majority Voting Rights, the Series A Preferred Stock does not have any other dividend, liquidation, conversion, or redemption rights, whatsoever; provided, however, the Series A Preferred Stock and the rights associated therewith, could act to prevent or delay a change in control. In February 2017, the Company issued 600 shares of Series A preferred stock to its President for total proceeds of $0.06, and 400 shares of Series A preferred shares to an officer and director, who resigned from the Company on October 20, 2017, for total proceeds of $0.04. At December 31, 2017, the Company has 1,000 shares of Series A preferred stock issued and outstanding. |
Income Tax
Income Tax | 12 Months Ended |
Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Income Tax | NOTE 9: INCOME TAX Income tax expense for the years ended December 31, 2017 and 2016 is summarized as follows. December 31, 2017 December 31, 2016 Deferred: Federal $ (22,424 ) $ (2,571 ) State - - Change in valuation allowance 22,424 2,571 Income tax expense (benefit) $ — $ — The following is a reconciliation of the provision for income taxes at the U.S. federal income tax rates of 34% and the state income tax rates net of federal tax benefit of 0%, for the years ended December 31, 2017 and 2016, respectively, to the income taxes reflected in the Statements of Operations: December 31, 2017 December 31, 2016 Book Income (loss) 34 % 34 % State taxes - % - % Total 34 % 34 % Valuation allowance -34 % -34 % Tax expense at actual rate — — The tax effects of temporary differences that gave rise to significant portions of deferred tax assets and liabilities at December 31, 2017 and 2016, respectively, are as follows: December 31, 2017 December 31, 2016 Deferred tax assets: Net operating loss carry forward $ 16,421 $ 2,571 Total gross deferred tax assets 16,421 2,571 Less - valuation allowance (16,421 ) (2,571 ) Net deferred tax assets $ — $ — Deferred income taxes are provided for the tax effects of transactions reported in the financial statements and consist of deferred taxes related primarily to differences between the bases of certain assets and liabilities for financial and tax reporting. The deferred taxes represent the future tax return consequences of those differences, which will either be deductible or taxable when the assets and liabilities are recovered or settled. On December 22, 2017, the Tax Cuts and Jobs Act (the Tax Act) was enacted, significantly altering U.S. corporate income tax law. The SEC issued Staff Accounting Bulletin 118, which allows companies to record reasonable estimates of enactment impacts where all of the underlying analysis and calculations are not yet complete. The provisional estimates must be finalized within a one-year measurement period. The Company reduced its net domestic deferred tax asset balance by $8,574 due to the reduction in corporate tax rate from 34% to 21%. These adjustments are fully offset by a change in the Company’s U.S. valuation allowance. At December 31, 2017, the Company had accumulated deficit of approximately $74,000 for U.S. federal and Delaware income tax purposes available to offset future taxable income expiring on various dates through 2035. The Company has recorded a 100% valuation allowance on the deferred tax assets due to the uncertainty of its realization. The net change in the valuation allowance during the years ended December 31, 2017 and 2016 was an increase of $22,424 and $2,571, respectively. In the normal course of business, the Company’s income tax returns are subject to examination by various taxing authorities. Such examinations may result in future tax and interest assessment by these taxing authorities. Accordingly, the Company believes that it is more likely than not that it will realize the benefits of tax positions it has taken in its tax returns or for the amount of any tax benefit that exceeds the cumulative probability threshold in accordance with FASB ASC 740. Differences between the estimated and actual amounts determined upon ultimate resolution, individually or in the aggregate, are not expected to have a material adverse effect on the company’s financial position. The Company believes its tax positions are all highly certain of being upheld upon examination. As such, the Company has not recorded a liability for unrecognized tax benefits. As of December 31, 2017, tax years 2016 and 2017 remain open for examination by the IRS and California. The Company has received no notice of audit from the Internal Revenue Service or California for any of the open tax years. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2017 | |
Subsequent Events [Abstract] | |
Subsequent Events | NOTE 10: SUBSEQUENT EVENTS Management has evaluated the subsequent events through April 17, 2018, the date which the financial statements were available to be issued noting no items that would impact the accounting for events or transactions in the current period or require additional disclosures. On January 17, 2018, the Company acquired Anvia (Australia) Pty Ltd, formerly known as Kasa Corporation (Australia) Pty Ltd, for all of its issued and outstanding shares of common stock on the date of acquisition. Upon completion of the acquisition, Anvia (Australia) Pty Ltd became a wholly-owned subsidiary of the Company. Anvia (Australia) Pty Ltd shall operate Anvia market and Anvia recruiters’ sites and business units in Australia and global markets. The Company acquired Anvia (Australia) Pty Ltd from Nikolin Kasa, who is brother of Ali Kasa, President and Chief Executive Officer of Anvia Holdings Corporation. The acquisition was made in consideration of the Company issuing 5,000 shares of common stock valued at U.S $0.60 per share for a total consideration of $3,000, based on the fair value of the common stock on the date of acquisition. |
Summary of Significant Accoun17
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2017 | |
Accounting Policies [Abstract] | |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the 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 reporting period. The Company regularly evaluates estimates and assumptions related to the valuation of accounts receivables, valuation of long-lived assets, accounts payable and accrued liabilities. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. The Company did not have any cash equivalents as of December 31, 2017 and 2016, respectively. |
Accounts Receivable | Accounts Receivable Accounts receivable represent revenues earned from vocational training and education programs provided for the construction tradesmen to its customers for which the Company has not yet received payment. Accounts receivable are recorded at the invoiced amount and stated at the amount management expect to collect from balances outstanding at period-end. The Company estimates the allowance for doubtful accounts based on an analysis of specific accounts and an assessment of the customer’s ability to pay. The Company has recorded accounts receivable of $81,000 and $0 as of December 31, 2017 and 2016, respectively. |
Property and Equipment | Property and Equipment Property and equipment consist of computer software, which is recorded at cost, and amortized on a straight-line basis over its estimated useful life of five (5) years. Expenditures for renewals and betterments are capitalized. Expenditures for minor items, repairs and maintenance are charged to operations as incurred. Gain or loss upon sale or retirement due to obsolescence is reflected in the operating results in the period the event takes place. |
Long-lived Assets | Long-lived Assets In accordance with Accounting Standards Codification “ASC” 360, “ Property, Plant, and Equipment |
Fair Value of Financial Instruments and Fair Value Measurements | Fair value of Financial Instruments and Fair Value Measurements ASC 820, “ Fair Value Measurements and Disclosures”, Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company’s financial instruments consist principally of cash, accounts receivable, accounts payable, accrued liabilities, and advances payable to affiliates. Pursuant to ASC 820, “ Fair Value Measurements and Disclosures” Financial Instruments” The following table presents assets and liabilities that were measured and recognized at fair value as of December 31, 2017 on a recurring basis: Description Level 1 Level 2 Level 3 None $ - $ - $ - The following table presents assets and liabilities that were measured and recognized at fair value as of December 31, 2016 on a recurring basis: Description Level 1 Level 2 Level 3 None $ - $ - $ - |
Revenue Recognition | Revenue Recognition The Company provides vocational training and education for construction tradesman that need qualifications for roofing, plumbing, home renovation, electrical and carpentry. The Company’s training packages vary in price according to the different types of vocational training and education programs purchased by the customers. The Company recognizes revenue upon the completion of the vocational training courses and education programs offered to its customers. The Company recognizes as revenue any deposits previously received, as they are non-refundable upon commencement of the vocational training courses. The Company’s revenue recognition policy is based on the revenue recognition criteria established in accordance with Accounting Standards Codification (ASC) 605. The criteria and how the Company satisfies each element are as follows: (1) persuasive evidence of an arrangement - the Company and the customer enters into a signed contract; (2) delivery has occurred - as noted above, upon the commencement of the training course, the deposit is non-refundable per the terms of the signed contract and upon completion of the course, the Company has provided all services to be delivered to the customer under the contract; (3) the price is fixed and determinable - the signed contract indicates a fixed dollar amount for the training for the courses enrolled by the customer; (4) collectability is reasonable assured - the Company receives as payment a deposit and the balance of the training upon the completion of the training course. |
Income Taxes | Income Taxes The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “ Income Taxes” The Company follows the provisions of ASC 740, “ Income Taxes |
Earnings (Loss) Per Share | Earnings (Loss) Per Share The Company computes net earnings (loss) per share in accordance with ASC 260, “ Earnings per Share” |
Concentration of Credit Risk | Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company maintains its cash in bank and financial institution deposits that at times may exceed federally insured limits. The Company has not experienced any losses in such accounts through December 31, 2017 and December 31, 2016. The Company’s bank balance did not exceed FDIC insured amounts at December 31, 2017 or at December 31, 2016, respectively. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business In November 2016, the FASB issued Accounting Standards Update No. 2016-18, “ Statement of Cash Flows (Topic 230): Restricted Cash” (“ASU 2016-18”) In June 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-13, “ Financial Instruments - Credit Losses In February 2016, the FASB issued ASU 2016-02, “ Leases In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” (“ASU 2014-09”). ASU 2014-09 supersedes the revenue recognition requirements in ASC 605 - Revenue Recognition (“ASC 605”) and most industry-specific guidance throughout ASC 605. The FASB has issued numerous updates that provide clarification on a number of specific issues as well as requiring additional disclosures. The core principle of ASC 606 requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASC 606 defines a five-step process to achieve this core principle and, in doing so, it is possible more judgment and estimates may be required within the revenue recognition process than required under existing U.S. GAAP including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The guidance may be adopted through either retrospective application to all periods presented in the financial statements (full retrospective approach) or through a cumulative effect adjustment to retained earnings at the effective date (modified retrospective approach). The guidance was revised in July 2015 to be effective for emerging growth companies for annual and interim periods beginning on or after December 15, 2018. The Company is currently evaluating ASU 2014-09 and its impact on its consolidated financial statements. |
Summary of Significant Accoun18
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Accounting Policies [Abstract] | |
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | The following table presents assets and liabilities that were measured and recognized at fair value as of December 31, 2017 on a recurring basis: Description Level 1 Level 2 Level 3 None $ - $ - $ - The following table presents assets and liabilities that were measured and recognized at fair value as of December 31, 2016 on a recurring basis: Description Level 1 Level 2 Level 3 None $ - $ - $ - |
Computer Software (Tables)
Computer Software (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Computer Software | Computer software consists of the following: Description December 31, 2017 December 31, 2016 Computer software and applications $ 30,000 $ - 30,000 - Less: accumulated amortization (1,500 ) - Computer Software, net $ 28,500 $ - |
Accrued Liabilities (Tables)
Accrued Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Payables and Accruals [Abstract] | |
Schedule of Accrued Liabilities | Accrued liabilities for the years ended December 31, 2017 and 2016 is summarized as follows. December 31, 2017 December 31, 2016 Consulting fees $ 6,478 $ - Travel expense 5,395 - Audit fees 12,750 5,250 Legal Fees 4,628 - Other 362 - Total Accrued Expense $ 29,613 $ 5,250 |
Income Tax (Tables)
Income Tax (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Schedule of Income Tax Expenses | Income tax expense for the years ended December 31, 2017 and 2016 is summarized as follows. December 31, 2017 December 31, 2016 Deferred: Federal $ (22,424 ) $ (2,571 ) State - - Change in valuation allowance 22,424 2,571 Income tax expense (benefit) $ — $ — |
Schedule of Provision for Income Taxes | The following is a reconciliation of the provision for income taxes at the U.S. federal income tax rates of 34% and the state income tax rates net of federal tax benefit of 0%, for the years ended December 31, 2017 and 2016, respectively, to the income taxes reflected in the Statements of Operations: December 31, 2017 December 31, 2016 Book Income (loss) 34 % 34 % State taxes - % - % Total 34 % 34 % Valuation allowance -34 % -34 % Tax expense at actual rate — — |
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that gave rise to significant portions of deferred tax assets and liabilities at December 31, 2017 and 2016, respectively, are as follows: December 31, 2017 December 31, 2016 Deferred tax assets: Net operating loss carry forward $ 16,421 $ 2,571 Total gross deferred tax assets 16,421 2,571 Less - valuation allowance (16,421 ) (2,571 ) Net deferred tax assets $ — $ — |
Nature of Operations and Goin22
Nature of Operations and Going Concern (Details Narrative) - USD ($) | Nov. 20, 2017 | Feb. 16, 2017 | Jan. 10, 2017 | Dec. 31, 2016 | Dec. 31, 2017 |
Net loss | $ 7,562 | $ 65,953 | |||
Net cash in operating activities | 102,855 | ||||
Working capital deficit | 61,270 | ||||
Accumulated deficit | $ 7,562 | 73,515 | |||
Proceeds from sale of stock | $ 160,552 | ||||
Former Shareholders [Member] | |||||
Number of common shares cancelled | 500,000 | ||||
Officer and Director [Member] | |||||
Number of common shares cancelled | 19,500,000 | ||||
Number of common stock issued | 5,000,000 | 5,000,000 | |||
Accredited Investors [Member] | |||||
Number of common shares sold | 14,003,367 | ||||
Proceeds from sale of stock | $ 160,552 |
Summary of Significant Accoun23
Summary of Significant Accounting Policies (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Cash equivalents | ||
Accounts receivable | 81,000 | |
Impairment loss | ||
Cash FDIC insured amount | ||
Computer Software [Member] | ||
Estimated useful life property and equipment | 5 years |
Summary of Significant Accoun24
Summary of Significant Accounting Policies - Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Level 1 [Member] | ||
Fair value of assets and liabilities for recurring basis | ||
Level 2 [Member] | ||
Fair value of assets and liabilities for recurring basis | ||
Level 3 [Member] | ||
Fair value of assets and liabilities for recurring basis |
Prepaid Deposits for Acquisit25
Prepaid Deposits for Acquisitions (Details Narrative) - USD ($) | Mar. 22, 2017 | Dec. 31, 2017 | Oct. 10, 2017 | Dec. 31, 2016 |
Prepaid deposits for acquisitions | $ 32,000 | |||
Global Institute of Vocational Education [Member] | ||||
Prepaid deposits for acquisitions | 12,000 | |||
Kasa Corporation (Australia) Pty Ltd [Member] | ||||
Due to affiliate | $ 12,000 | |||
Crescent Acquisition [Member] | Preliminary Agreement [Member] | ||||
Consideration for prepaid deposits for acquisitions | $ 200,000 | |||
Equity percentage | 51.00% | |||
Acquisitions, description | (a) own 100% of the issued and outstanding capital stock of Sage Interactive Sdn Bhd and 100% of the issued and outstanding capital stock of Sage Interactive MSC Sdn Bhd (collectively Sage Interactive); and (b) own 5% of the issued and outstanding capital stock of Celex Media Sdn Bhd (Celex) | |||
Crescent Acquisition [Member] | Third Party [Member] | ||||
Prepaid deposits for acquisitions | $ 20,000 |
Computer Software (Details Narr
Computer Software (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Property, Plant and Equipment [Abstract] | ||
Amortization expense | $ 1,500 | $ 0 |
Computer Software - Schedule of
Computer Software - Schedule of Computer Software (Details) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Computer Software, net | $ 30,000 | |
Less: accumulated amortization | (1,500) | |
Computer Software, net | 28,500 | |
Computer Software and Applications [Member] | ||
Computer Software, net | $ 30,000 |
Accrued Liabilities (Details Na
Accrued Liabilities (Details Narrative) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Payables and Accruals [Abstract] | ||
Accrued liabilities | $ 29,613 | $ 5,250 |
Accrued Liabilities - Schedule
Accrued Liabilities - Schedule of Accrued Liabilities (Details Narrative) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Payables and Accruals [Abstract] | ||
Consulting fees | $ 6,478 | |
Travel expense | 5,395 | |
Audit fees | 12,750 | 5,250 |
Legal Fees | 4,628 | |
Other | 362 | |
Total Accrued Expense | $ 29,613 | $ 5,250 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | Oct. 02, 2017 | Feb. 16, 2017 | Jan. 11, 2017 | Jan. 10, 2017 | Feb. 28, 2017 | Dec. 31, 2016 | Dec. 31, 2017 |
Number of common stock issued, value | $ 2,000 | ||||||
Proceeds from issuance of common stock | $ 160,552 | ||||||
Preferred stock par value | $ 0.0001 | $ 0.0001 | |||||
Accounts payable related party | $ 10,500 | ||||||
Payable to related party | 0 | 4,120 | |||||
Advance from related party debt | 4,120 | ||||||
Computer Software and Applications [Member] | |||||||
Purchase from related party | $ 30,000 | ||||||
President [Member] | |||||||
Number of common stock issued | 5,000,000 | ||||||
Number of common stock issued, value | $ 500 | ||||||
President [Member] | Series A Preferred Stock [Member] | |||||||
Number of common stock issued | 600 | ||||||
Preferred stock par value | $ 0.0001 | ||||||
Proceeds from issuance of preferred stock | $ 0.06 | ||||||
Family Member of President [Member] | |||||||
Number of common stock issued | 1,000,000 | ||||||
Proceeds from issuance of common stock | $ 1,000 | ||||||
Officer and Director [Member] | |||||||
Number of common stock issued | 5,000,000 | 5,000,000 | |||||
Proceeds from issuance of common stock | $ 500 | ||||||
Officer [Member] | |||||||
Travel expenses | $ 7,204 | ||||||
Due from related party | 10,904 | ||||||
Officer [Member] | Series A Preferred Stock [Member] | |||||||
Number of common stock issued | 400 | ||||||
Preferred stock par value | $ 0.0001 | ||||||
Proceeds from issuance of preferred stock | $ 0.04 | ||||||
Third Party Vendor [Member] | |||||||
Payments for acquisition | $ 3,700 | ||||||
Anvia's Customers [Member] | |||||||
Payable to affiliate | 4,120 | ||||||
Advance from related party debt | $ 4,120 |
Commitments and Contingencies (
Commitments and Contingencies (Details Narrative) - USD ($) | Nov. 01, 2017 | Feb. 09, 2017 | Dec. 31, 2017 | Dec. 31, 2016 |
Commitments and Contingencies Disclosure [Abstract] | ||||
Monthly rent | $ 289 | |||
Lease termination date | Feb. 28, 2018 | |||
Security deposit | $ 578 | |||
Settlement of terminating lease | $ 578 | |||
Rent expense | $ 2,807 | $ 0 |
Stockholders' Equity (Details N
Stockholders' Equity (Details Narrative) - USD ($) | Nov. 07, 2017 | Feb. 16, 2017 | Jan. 11, 2017 | Jan. 10, 2017 | Feb. 28, 2017 | Dec. 31, 2016 | Dec. 31, 2017 |
Common stock, shares authorized | 100,000,000 | 100,000,000 | |||||
Common stock, par value | $ 0.0001 | $ 0.0001 | |||||
Preferred stock, shares authorized | 20,000,000 | 20,000,000 | |||||
Preferred stock, par value | $ 0.0001 | $ 0.0001 | |||||
Issuance of common stock for service, value | $ (2,000) | ||||||
Additional paid in capital | $ 312 | $ 161,463 | |||||
Common stock, shares outstanding | 20,000,000 | 19,003,367 | |||||
Common stock, shares issued | 20,000,000 | 19,003,367 | |||||
Discount on common stock | $ 500 | ||||||
Cancellation of shares, value | 2,000 | ||||||
Proceeds from issuance of common stock | 160,552 | ||||||
Proceeds from sale of stock | 160,552 | ||||||
Subscription deposits received in advance | $ 420 | ||||||
Common stock shares issuable | 420,000 | ||||||
Preferred stock, shares issued | 1,000 | ||||||
Preferred stock, shares outstanding | 1,000 | ||||||
Series A Preferred Stock [Member] | |||||||
Preferred stock voting rights description | The Companys directors and officers have beneficial ownership of the entire class of the Companys Series A Preferred Stock, which voting together as a class, have the right to vote 51% of the Companys voting shares on all shareholder matters (the Majority Voting Rights) not adopt any amendments to the Companys Bylaws, Articles of Incorporation, as amended, make any changes to the Certificate of Designations establishing the Series A Preferred Stock, or effect any reclassification of the Series A Preferred Stock, without the affirmative vote of at least 60% of the outstanding shares of Series A Preferred Stock. | ||||||
Two Former Founders and Directors [Member] | |||||||
Number of common shares redeemed | 500,000 | ||||||
Cancellation of shares, value | $ 50 | ||||||
Two Directors and Officers [Member] | |||||||
Number of common shares redeemed | 19,500,000 | ||||||
Common stock, shares outstanding | 20,000,000 | ||||||
Common stock, shares issued | 5,000,000 | ||||||
Discount on common stock | $ 500 | ||||||
Two Directors and Officers [Member] | July 22, 2016 [Member] | |||||||
Preferred stock, par value | $ 0.0001 | ||||||
Number of shares issued for services | 20,000,000 | ||||||
Issuance of common stock for service, value | $ 2,000 | ||||||
Family Member of President [Member] | |||||||
Number of common stock issued | 1,000,000 | ||||||
Proceeds from issuance of common stock | $ 1,000 | ||||||
Officer and Director [Member] | |||||||
Common stock, par value | $ 0.0001 | ||||||
Number of common shares redeemed | 19,500,000 | ||||||
Number of common stock issued | 5,000,000 | 5,000,000 | |||||
Proceeds from issuance of common stock | $ 500 | ||||||
Officer and Director [Member] | Series A Preferred Stock [Member] | |||||||
Shares issued price per share | $ 0.04 | ||||||
Investors [Member] | |||||||
Common stock, par value | $ 0.001 | ||||||
Number of common stock sold | 14,003,367 | ||||||
Sale of stock price per share | $ .60 | ||||||
Proceeds from sale of stock | $ 160,552 | ||||||
President [Member] | |||||||
Number of common stock issued | 5,000,000 | ||||||
President [Member] | Series A Preferred Stock [Member] | |||||||
Preferred stock, par value | $ 0.0001 | ||||||
Number of common stock issued | 600 | ||||||
Shares issued price per share | $ 0.06 | ||||||
Officer [Member] | Series A Preferred Stock [Member] | |||||||
Preferred stock, par value | $ 0.0001 | ||||||
Number of common stock issued | 400 |
Income Tax (Details Narrative)
Income Tax (Details Narrative) - USD ($) | Dec. 22, 2017 | Dec. 31, 2017 | Dec. 31, 2016 |
Income tax reconciliation description | The Company reduced its net domestic deferred tax asset balance by $8,370 due to the reduction in corporate tax rate from 34% to 21%. | ||
State income tax rate | 0.00% | 0.00% | |
Deferred tax asset balance | $ 8,574 | ||
Reduction of corporate tax rate | 21.00% | 34.00% | 34.00% |
Accumulated deficit | $ (73,515) | $ (7,562) | |
Deferred tax valuation allowance due to uncertainty, percentage | 100.00% | ||
Change in valuation allowance | $ 22,424 | $ 2,571 | |
U.S Federal Income Tax [Member] | |||
Income tax reconciliation description | The following is a reconciliation of the provision for income taxes at the U.S. federal income tax rates of 34% | ||
U.S Federal and Delaware Income Tax [Member] | |||
Accumulated deficit | $ 74,000 | ||
Income tax expire date | U.S. federal and Delaware income tax purposes available to offset future taxable income expiring on various dates through 2035. |
Income Tax - Schedule of Income
Income Tax - Schedule of Income Tax Expenses (Details) - USD ($) | 5 Months Ended | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income Tax Disclosure [Abstract] | |||
Deferred federal income tax | $ (22,424) | $ (2,571) | |
Deferred state income tax | |||
Deferred change in valuation allowance | 22,424 | 2,571 | |
Income tax expense (benefit) |
Income Tax - Schedule of Provis
Income Tax - Schedule of Provision for Income Taxes (Details) | Dec. 22, 2017 | Dec. 31, 2017 | Dec. 31, 2016 |
Income Tax Disclosure [Abstract] | |||
Book Income (loss) | 34.00% | 34.00% | |
State taxes | 0.00% | 0.00% | |
Total | 21.00% | 34.00% | 34.00% |
Valuation allowance | (34.00%) | (34.00%) | |
Tax expense at actual rate | 0.00% | 0.00% |
Income Tax - Schedule of Deferr
Income Tax - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Income Tax Disclosure [Abstract] | ||
Deferred tax assets Net operating loss carrry forward | $ 16,421 | $ 2,571 |
Total gross deferred tax assets | 16,421 | 2,571 |
Less - valuation allowance | (16,421) | (2,571) |
Net deferred tax assets |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - Subsequent Event [Member] - Kasa Corporation (Australia) Pty Ltd [Member] | Jan. 17, 2018USD ($)$ / sharesshares |
Stock issued during period for acquisition, shares | shares | 5,000 |
Acquisition price per share | $ / shares | $ 0.60 |
Value of stock issued during period for acquisition | $ | $ 3,000 |