Document and Entity Information
Document and Entity Information | 3 Months Ended |
Mar. 31, 2018 | |
Document And Entity Information | |
Entity Registrant Name | Anvia Holdings Corp |
Entity Central Index Key | 1,681,282 |
Document Type | S1 |
Document Period End Date | Mar. 31, 2018 |
Amendment Flag | false |
Entity Filer Category | Smaller Reporting Company |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Current Assets | |||
Cash and cash equivalents | $ 733 | $ 237 | |
Accounts receivable | 4,768 | 81,000 | |
Due from Officer | 10,904 | ||
Due from related parties | 4,503 | ||
Prepaid deposits for acquisitions | 32,000 | ||
Total Current Assets | 10,004 | 124,141 | |
Computer software, net | 27,000 | 28,500 | |
Other Assets | |||
Prepaid deposits for acquisitions | 55,297 | ||
Total Other Assets | 55,297 | ||
Total Assets | 92,301 | 152,641 | 0 |
Current Liabilities | |||
Accounts payable | 9,276 | 18,639 | |
Accounts payable - related party | 10,500 | ||
Accrued liabilities | 37,534 | 29,613 | 5,250 |
Payable to related party | 3,000 | 4,120 | 0 |
Payable to affiliate | 4,120 | ||
Total Current Liabilities | 49,810 | 62,872 | 5,250 |
Commitments and Contingencies | |||
Stockholders' Equity | |||
Series A Preferred stock value | |||
Common stock value | 1,900 | 1,901 | 2,000 |
Discount on common stock | (500) | (500) | |
Additional paid in capital | 158,471 | 161,463 | 312 |
Stock subscriptions received in advance | 420 | 420 | |
Accumulated other comprehensive loss | (343) | ||
Accumulated deficit | (117,457) | (73,515) | (7,562) |
Total Stockholders' Equity (Deficit) | 42,491 | 89,769 | (5,250) |
Total Liabilities and Stockholders' Equity | $ 92,301 | 152,641 | $ 0 |
Restructuring Transaction [Member] | |||
Current Assets | |||
Cash and cash equivalents | 468 | ||
Accounts receivable | 81,000 | ||
Due from related parties | 9,269 | ||
Total Current Assets | 90,737 | ||
Computer software, net | 28,500 | ||
Other Assets | |||
Prepaid deposits for acquisitions | 23,200 | ||
Total Other Assets | 23,200 | ||
Total Assets | 142,437 | ||
Current Liabilities | |||
Accounts payable | 18,639 | ||
Accounts payable - related party | 10,500 | ||
Accrued liabilities | 29,614 | ||
Payable to related party | 3,000 | ||
Payable to affiliate | 4,120 | ||
Total Current Liabilities | 65,873 | ||
Commitments and Contingencies | |||
Stockholders' Equity | |||
Series A Preferred stock value | |||
Common stock value | 1,900 | ||
Discount on common stock | (500) | ||
Additional paid in capital | 158,471 | ||
Stock subscriptions received in advance | 420 | ||
Accumulated other comprehensive loss | (278) | ||
Accumulated deficit | (83,449) | ||
Total Stockholders' Equity (Deficit) | 76,564 | ||
Total Liabilities and Stockholders' Equity | $ 142,437 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares | Mar. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Preferred stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 1,000 | 1,000 | |
Preferred stock, shares outstanding | 1,000 | 1,000 | |
Common stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 100,000,000 | 100,000,000 | 100,000,000 |
Common stock, shares issued | 19,003,367 | 19,003,367 | 20,000,000 |
Common stock, shares outstanding | 19,003,367 | 19,003,367 | 20,000,000 |
Restructuring Transaction [Member] | |||
Preferred stock, par value | $ 0.0001 | ||
Preferred stock, shares authorized | 20,000,000 | ||
Preferred stock, shares issued | |||
Preferred stock, shares outstanding | |||
Common stock, par value | $ 0.0001 | ||
Common stock, shares authorized | 100,000,000 | ||
Common stock, shares issued | 19,003,367 | ||
Common stock, shares outstanding | 19,003,367 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) | 3 Months Ended | 5 Months Ended | 12 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 | |
Income Statement [Abstract] | ||||
Revenue | $ 17,839 | $ 99,330 | ||
Cost of Revenue | 4,369 | 29,139 | ||
Gross Profit | 13,470 | 70,191 | ||
Operating Expenses | ||||
Consulting expenses | 17,800 | 10,300 | ||
Travel expenses | 15,560 | 8,880 | ||
Other general and administrative | 12,347 | 5,720 | ||
General and administrative | 7,562 | 136,144 | ||
Total Operating Expenses | 45,707 | 24,900 | 7,562 | 136,144 |
Loss from Operations | (32,237) | (24,900) | ||
Other Expense | ||||
Foreign exchange loss | (1,771) | |||
Total Other Loss | (1,771) | |||
Loss from Operations Before Income Tax | (34,008) | (24,900) | (7,562) | (65,953) |
Provision for Income Tax | ||||
Net Loss | (34,008) | (24,900) | $ (7,562) | $ (65,953) |
Other Comprehensive Income | ||||
Foreign currency translation gain | 65 | |||
Comprehensive Loss | $ (33,943) | $ (24,900) | ||
Basic and Diluted Net Loss Per Share | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted Average Number of Shares Outstanding - Basic and Diluted | 19,003,367 | 9,349,450 | 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 | |||||
Net loss | (34,008) | |||||
Balance at Mar. 31, 2018 | $ 42,491 |
Condensed Consolidated Stateme6
Condensed Consolidated Statements of Cash Flows - USD ($) | 3 Months Ended | 5 Months Ended | 12 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 | |
Cash Flows from Operating Activities | ||||
Net loss | $ (34,008) | $ (24,900) | $ (7,562) | $ (65,953) |
Adjustment to reconcile net loss to net cash provided by (used in) operating activities: | ||||
Expenses paid by stockholder and contributed as capital | 312 | |||
Common stock issued for services | 2,000 | |||
Redemption of common stock in connection with the change of control | (1,950) | |||
Amortization of computer software | 1,500 | 1,500 | ||
Changes in operating assets and liabilities | ||||
Accounts receivable | 76,128 | (81,000) | ||
Prepaid deposits | (4,278) | |||
Due from Officer | (10,904) | |||
Accounts payable | (13,639) | 13,389 | ||
Accounts payable-related party | (10,500) | 10,500 | ||
Accrued liabilities | 12,289 | (1,729) | 5,250 | 29,613 |
Net Cash Provided by (Used in) Operating Activities | 31,770 | (32,857) | (102,855) | |
Cash Flows from Investing Activities | ||||
Cash paid for purchase of computer software | (30,000) | |||
Net cash paid for earnest deposit for acquisitions | (52,853) | (32,000) | ||
Net Cash Used in Investing Activities | (52,853) | (62,000) | ||
Cash Flows from Financing Activities | ||||
Cash proceeds advanced from related party | 21,359 | 4,116 | 4,120 | |
Cash proceeds from stock subscriptions received in advance | 475 | 420 | ||
Cash proceeds from sale of common stock | 29,275 | 160,552 | ||
Net Cash Provided by Financing Activities | 21,359 | 33,866 | 165,092 | |
Effect of exchange rate changes on cash | (11) | |||
Net Increase in Cash and Cash Equivalents | 265 | 1,009 | 237 | |
Cash and Cash Equivalents, Beginning of the Period | 237 | |||
Cash and Cash Equivalents, End of the Period | 733 | 1,009 | 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 subscriptions receivable | 1,277 | |||
Common stock issued to founders for no consideration | 500 | 2,000 | 500 | |
Common stock to be issued for share exchange acquisition | $ 3,000 | |||
Redemption of common stock in connection with the change of control | $ 2,000 |
Nature of Operations, Basis of
Nature of Operations, Basis of Presentation and Going Concern | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Accounting Policies [Abstract] | ||
Nature of Operations, Basis of Presentation and Going Concern | NOTE 1 – NATURE OF OPERATIONS, BASIS OF PRESENTATION AND GOING CONCERN 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, 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 January 2, 2018, the Company entered into a stock-for-stock acquisition agreement (the “Acquisition”) with Anvia (Australia) Pty Ltd., an entity organized and incorporated under the laws of Australia. Pursuant to the terms of the Acquisition, the Company agreed to issue to the owner of Anvia (Australia) 5,000 shares of its common stock, valued at $0.60 per share as the fair value of the common stock, in exchange for all of the issued and outstanding stock of Anvia (Australia) to complete the share exchange and restructuring of entities under common control. Mr. Ali Kasa, who is the officer, director and majority shareholder of the Company, is the spouse of Ms. Lindita Kasa, the sole shareholder of Anvia (Australia) Pty Ltd, prior to the acquisition. The Company issued the shares to Ms. Lindita Kasa on May 10, 2018. Anvia (Australia) Pty Ltd specializes in designing and implementing a complete eco-system for tradesmen in Australia by sourcing, training and placing employees for its clients for agreed compensation. Pursuant to the Acquisition, the Company has acquired the business plan, operations and contracts of its wholly-owned subsidiary, Anvia (Australia) Pty Ltd. Basis of Presentation The accompanying interim condensed consolidated financial statements are unaudited, but in the opinion of management of the Company, contain all adjustments, which include normal recurring adjustments necessary to present fairly the financial position at March 31, 2018, and the results of operations and cash flows for the three months ended March 31, 2018. The consolidated balance sheets as of December 31, 2017 is derived from the Company’s audited financial statements. Since the Company and Anvia (Australia) Pty Ltd were under Mr. Ali Kasa’s common control prior to the Acquisition on January 2, 2018, the Acquisition is accounted for as a restructuring transaction in accordance with generally accepted accounting principles (“GAAP”). The Company has recast prior period consolidated financial statements to reflect the conveyance of Anvia (Australia) Pty Ltd. to the Company as if the restructuring transaction had occurred as of the earliest date of the consolidated financial statements. Certain information and footnote disclosures normally included in financial statements that have been prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission, although management of the Company believes that the disclosures contained in these interim condensed consolidated financial statements are adequate to make the information presented therein not misleading. For further information, refer to the financial statements and the notes thereto contained in the Company’s 2017 Annual Report filed with the Securities and Exchange Commission on Form 10-K on April 17, 2018. Going Concern The Company’s consolidated 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 generated minimal revenue and has sustained operating losses since inception 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 $34,008 for the three months ended March 31, 2018, had a working capital deficit of $39,806, and an accumulated deficit of $117,457 as of March 31, 2018 and $83,449 as of December 31, 2017. The Company incurred a net loss of $24,900 and negative cash flows from operating activities of $32,857 for the three months ended March 31, 2017, had a working capital deficit of $2,350 and accumulated deficit of $32,462 as of March 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 consolidated 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. | 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 | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Accounting Policies [Abstract] | ||
Summary of Significant Accounting Policies | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following summary of significant accounting policies of the Company is presented to assist in the understanding of the Company’s financial statements. The financial statements and notes are the representation of the Company’s management who is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) in all material respects and have been consistently applied in preparing the accompanying financial statements. Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary Anvia (Australia) Pty Ltd. All intercompany transactions and balances are eliminated in consolidation. 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 payable, accrued liabilities and payable to related party. 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 had cash balances of $733 and $468 as of March 31, 2018 and December 31, 2017, respectively. Accounts Receivable Accounts receivable represent income 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 $4,768 and $81,000 as of March 31, 2018 and December 31, 2017, respectively. Concentration of Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash, accounts receivable and prepaid deposits. The Company places its cash with high quality banking institutions. The Company does not have the cash balances in excess of Federal Deposit Insurance Corporation limit at March 31, 2018 and December 31, 2017, respectively. 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. Foreign Currency Translation The Company uses the United States dollar (“USD”) for financial reporting purposes. The Company maintains the books and records in its functional currency, being the primary currency of the economic environment in which its operations are conducted. For reporting purpose, the Company translates the assets and liabilities to U.S. dollars using the applicable exchange rates prevailing at the balance sheet dates, and the statements of income are translated at average exchange rates during the reporting periods. Gain or loss on foreign currency transactions are reflected on the income statement. Gain or loss on financial statement translation from foreign currency are recorded as a separate component in the equity section of the balance sheet and is included as part of accumulated other comprehensive income. The functional currency of the Company’s subsidiary in Australia is Australian Dollars (“AUD”). The exchange rates used to translate amounts in AUD into USD for the purposes of preparing the financial statements were as follows: March 31, 2018 Balance sheet AUD 1.00 to USD 0.77 Statement of operations and comprehensive loss AUD 1.00 to USD 0.79 December 31, 2017 Balance sheet AUD 1.00 to USD 0.78 Statement of operations and comprehensive loss AUD 1.00 to USD 0.77 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 740-10, “ Accounting for Uncertain Income Tax Positions Earnings (Loss) Per Common Share The Company computes net earnings (loss) per share in accordance with ASC 260, “ Earnings per Share” 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, prepaid deposit for acquisitions, accounts payable, accrued liabilities and payable to related party. Pursuant to ASC 820, “ Fair Value Measurements and Disclosures” Financial Instruments” Reclassifications Certain classifications have been made to the prior year consolidated financial statements to conform to the current year presentation. The reclassification had no impact on previously reported net loss or accumulated deficit. Recent Accounting Pronouncements 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. In October 2016, the FASB issued ASU 2016-17, “Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control”. These amendments change the evaluation of whether a reporting entity is the primary beneficiary of a variable interest entity by changing how a reporting entity that is a single decision maker of a variable interest entity treats indirect interests in the entity held through related parties that are under common control with the reporting entity. If a reporting entity satisfies the first characteristic of a primary beneficiary (such that it is the single decision maker of a variable interest entity), the amendments require that reporting entity, in determining whether it satisfies the second characteristic of a primary beneficiary, to include all of its direct variable interests in a variable interest entity and, on a proportionate basis, its indirect variable interests in a variable interest entity held through related parties, including related parties that are under common control with the reporting entity. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. If an entity adopts the pending content that links to this paragraph in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial position and results of operations. In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash”. These amendments require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments do not provide a definition of restricted cash or restricted cash equivalents. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The amendments should be applied using a retrospective transition method to each period presented. The Company has evaluated the impact of adopting ASU 2016-18 noting it will only impact the Company to the extent it has restricted cash in the future. In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic 260); Distinguishing Liabilities from Equity (Topic 480); Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception. For public business entities, the amendments in Part I of this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. For all other entities, the amendments in Part I of this Update are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted for all entities, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The amendments in Part II of this Update do not require any transition guidance because those amendments do not have an accounting effect. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements. In February 2018, the FASB issued ASU No. 2018-02 Income Statement—Reporting Comprehensive Income (Topic 220)—Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The amendments in this Update allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017. The amendments in this Update affect any entity that is required to apply the provisions of Topic 220, Income Statement-Reporting Comprehensive Income, and has items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by GAAP. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements. The Company has considered all new accounting pronouncements and has concluded that there are no new pronouncements that may have a material impact on results of operations, financial condition, or cash flows, based on current information. | 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 | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Prepaid Deposits For Acquisitions | ||
Prepaid Deposits for Acquisitions | NOTE 3 – PREPAID DEPOSITS FOR ACQUISITIONS The Company had prepaid deposits of $55,297 and $23,200 at March 31, 2018 and at December 31, 2017, respectively. Prepaid deposits of $55,297 at March 31, 2018 consisted of (i) $35,297 prepayment for the acquisition of an entity named Global Institute of Vocational Education, located in Australia, specializing in designing, implementing and maintaining B2B software solutions for Anvia eco-system for tradesmen in Australia and globally; and (ii) $20,000 prepayment towards acquisition of an entity named All Crescent Sdn Bhd located in Malaysia. Prepaid deposits at December 31, 2017 consisted of (i) 20,000 prepaid to a third party towards acquisition of an entity named All Crescent Sdn Bhd located in Malaysia, and (ii) $3,200 prepayment towards acquisition of Global Institute of Vocational Education. | 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 | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Payables and Accruals [Abstract] | ||
Accrued Liabilities | NOTE 4 – ACCRUED LIABILITIES Accrued liabilities were comprised of the following: March 31, 2018 December 31, 2017 Professional fees $ 20,857 $ 23,230 Consulting fees 14,943 6,384 Other accrued expenses 1,734 - Total $ 37,534 $ 29,614 | 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 | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Related Party Transactions [Abstract] | ||
Related Party Transactions | NOTE 5 – RELATED PARTY TRANSACTIONS The related parties of the Company with whom transactions are reported in these financial statements are as follows: Name of entity of individual Relationship with the Company and its subsidiary Ali Kasa Director and CEO of the Company Egnitus Australia Pty Ltd Entity controlled by Mr. Ali Kasa Lindita Kasa Spouse of Ali Kasa and former sole shareholder of Anvia (Australia) Pty Ltd Egnitus Holdings Pty Ltd Entity controlled by Mr. Ali Kasa Transactions Accounts Payable March 31, 2018 December 31, 2017 Egnitus Holdings Pty Ltd $ - $ 10,500 Accounts payable was for the cost of training and consulting services provided to the Company’s customers. Payable to Related Party March 31, 2018 December 31, 2017 Lindita Kasa $ 3,000 $ 3,000 Payable to Mrs. Lindita Kasa was for the cost of purchase of Anvia (Australia) Pty Ltd. Payable to Affiliate March 31, 2018 December 31, 2017 Egnitus Australia Pty Ltd $ - $ 4,120 Payable to affiliate was for the Company’s working capital needs. Funds advanced to the Company are non-interest bearing, unsecured and due on demand. Due from Related Parties March 31, 2018 December 31, 2017 Ali Kasa $ 4,162 $ 6,807 Egnitus Holdings Pty Ltd 341 - Egnitus Australia Pty Ltd - 2,462 The Company paid for travel and other expenses of Mr. Ali Kasa 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 those amounts as due from the officer. The amount due from related parties is non-interest bearing, unsecured and due on demand. | 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 | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | ||
Commitments and Contingencies | NOTE 6 – COMMITMENTS AND CONTINGENCIES Legal Costs and Contingencies 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. If the Company has the potential to recover a portion of the estimated loss from a third party, the Company makes a separate assessment of recoverability and reduces the estimated loss if recovery is also deemed probable. | 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 | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Equity [Abstract] | ||
Stockholders' Equity | NOTE 7 – STOCKHOLDERS’ EQUITY The Company’s capitalization at March 31, 2018 was 100,000,000 authorized common shares with a par value of $0.0001 per share, and 20,000,000 authorized preferred shares with a par value of $0.0001 per share. Common Stock On January 2, 2018, the Company entered into a stock-for-stock acquisition agreement (the “Acquisition”) with Anvia (Australia) Pty Ltd, an entity organized under the laws of Australia. Pursuant to the terms of the Acquisition, the Company issued to the owner of Anvia (Australia) Pty Ltd 5,000 shares of its common stock, valued at $0.60 per share as the fair value of the common stock, in exchange for all of the issued and outstanding stock of Anvia (Australia) to complete the share exchange and restructuring of entities under common control. Mr. Ali Kasa, who is the officer, director and majority shareholder of the Company, is the spouse of Mrs. Lindita Kasa, the sole shareholder of Anvia (Australia) Pty Ltd, prior to the acquisition. The Company issued the shares to Ms. Lindita Kasa on May 10, 2018. The Company has recast prior period financial statements to reflect the conveyance of Anvia (Australia) to the Company as if the restructuring had occurred as of the earliest date of the consolidated financial statements. As a result of all common stock issuances, the total issued and outstanding shares of common stock at March 31, 2018 and December 31, 2017 were 19,003,367. Preferred stock Series A Preferred Stock The Company’s directors and officers have a 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 any and all shareholder matters (the “Majority Voting Rights”). Additionally, the Company shall 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, our Series A Preferred Stock does not have any other dividend, liquidation, conversion, or redemption rights, whatsoever; provided, however, he 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 for total proceeds of $0.04. At March 31, 2018 and December 31, 2017, the Company has 1,000 shares of Series A preferred stock issued and outstanding, respectively. | 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 | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Subsequent Events [Abstract] | ||
Subsequent Events | NOTE 8 – SUBSEQUENT EVENTS Management has evaluated subsequent events through May 18, 2018, the date the financial statements were available to be issued noting the following transactions that would impact the accounting for events or transactions in the current period or require additional disclosures. In May, 2018, the Company issued 5,000 shares of its common stock to Mr. Nikolin Kasa, brother of Mr. Ali Kasa, CEO of the Company, for $6,000 (or valued at $1.2 per share) of consulting and business advisory services that will be performed within the following year. | 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) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Accounting Policies [Abstract] | ||
Principles of Consolidation | Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary Anvia (Australia) Pty Ltd. All intercompany transactions and balances are eliminated in consolidation. | |
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 payable, accrued liabilities and payable to related party. 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. | 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 had cash balances of $733 and $468 as of March 31, 2018 and December 31, 2017, respectively. | 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 income 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 $4,768 and $81,000 as of March 31, 2018 and December 31, 2017, 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 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, prepaid deposit for acquisitions, accounts payable, accrued liabilities and payable to related party. Pursuant to ASC 820, “ Fair Value Measurements and Disclosures” Financial Instruments” | 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 $ - $ - $ - |
Reclassifications | Reclassifications Certain classifications have been made to the prior year consolidated financial statements to conform to the current year presentation. The reclassification had no impact on previously reported net loss or accumulated deficit. | |
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. | 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. |
Foreign Currency Translation | Foreign Currency Translation The Company uses the United States dollar (“USD”) for financial reporting purposes. The Company maintains the books and records in its functional currency, being the primary currency of the economic environment in which its operations are conducted. For reporting purpose, the Company translates the assets and liabilities to U.S. dollars using the applicable exchange rates prevailing at the balance sheet dates, and the statements of income are translated at average exchange rates during the reporting periods. Gain or loss on foreign currency transactions are reflected on the income statement. Gain or loss on financial statement translation from foreign currency are recorded as a separate component in the equity section of the balance sheet and is included as part of accumulated other comprehensive income. The functional currency of the Company’s subsidiary in Australia is Australian Dollars (“AUD”). The exchange rates used to translate amounts in AUD into USD for the purposes of preparing the financial statements were as follows: March 31, 2018 Balance sheet AUD 1.00 to USD 0.77 Statement of operations and comprehensive loss AUD 1.00 to USD 0.79 December 31, 2017 Balance sheet AUD 1.00 to USD 0.78 Statement of operations and comprehensive loss AUD 1.00 to USD 0.77 | |
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 740-10, “ Accounting for Uncertain Income Tax Positions | 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 Common Share | Earnings (Loss) Per Common Share The Company computes net earnings (loss) per share in accordance with ASC 260, “ Earnings per Share” | Earnings (Loss) Per Share The Company computes net earnings (loss) per share in accordance with ASC 260, “ Earnings per Share” |
Concentration of Risk | Concentration of Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash, accounts receivable and prepaid deposits. The Company places its cash with high quality banking institutions. The Company does not have the cash balances in excess of Federal Deposit Insurance Corporation limit at March 31, 2018 and December 31, 2017, respectively. | 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 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. In October 2016, the FASB issued ASU 2016-17, “Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control”. These amendments change the evaluation of whether a reporting entity is the primary beneficiary of a variable interest entity by changing how a reporting entity that is a single decision maker of a variable interest entity treats indirect interests in the entity held through related parties that are under common control with the reporting entity. If a reporting entity satisfies the first characteristic of a primary beneficiary (such that it is the single decision maker of a variable interest entity), the amendments require that reporting entity, in determining whether it satisfies the second characteristic of a primary beneficiary, to include all of its direct variable interests in a variable interest entity and, on a proportionate basis, its indirect variable interests in a variable interest entity held through related parties, including related parties that are under common control with the reporting entity. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. If an entity adopts the pending content that links to this paragraph in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial position and results of operations. In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash”. These amendments require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments do not provide a definition of restricted cash or restricted cash equivalents. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The amendments should be applied using a retrospective transition method to each period presented. The Company has evaluated the impact of adopting ASU 2016-18 noting it will only impact the Company to the extent it has restricted cash in the future. In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic 260); Distinguishing Liabilities from Equity (Topic 480); Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception. For public business entities, the amendments in Part I of this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. For all other entities, the amendments in Part I of this Update are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted for all entities, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The amendments in Part II of this Update do not require any transition guidance because those amendments do not have an accounting effect. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements. In February 2018, the FASB issued ASU No. 2018-02 Income Statement—Reporting Comprehensive Income (Topic 220)—Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The amendments in this Update allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017. The amendments in this Update affect any entity that is required to apply the provisions of Topic 220, Income Statement-Reporting Comprehensive Income, and has items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by GAAP. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements. The Company has considered all new accounting pronouncements and has concluded that there are no new pronouncements that may have a material impact on results of operations, financial condition, or cash flows, based on current information. | 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) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Accounting Policies [Abstract] | ||
Schedule of Foreign Currencies Translation Rate | The exchange rates used to translate amounts in AUD into USD for the purposes of preparing the financial statements were as follows: March 31, 2018 Balance sheet AUD 1.00 to USD 0.77 Statement of operations and comprehensive loss AUD 1.00 to USD 0.79 December 31, 2017 Balance sheet AUD 1.00 to USD 0.78 Statement of operations and comprehensive loss AUD 1.00 to USD 0.77 | |
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) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Payables and Accruals [Abstract] | ||
Schedule of Accrued Liabilities | Accrued liabilities were comprised of the following: March 31, 2018 December 31, 2017 Professional fees $ 20,857 $ 23,230 Consulting fees 14,943 6,384 Other accrued expenses 1,734 - Total $ 37,534 $ 29,614 | 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 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Transactions | The related parties of the Company with whom transactions are reported in these financial statements are as follows: Name of entity of individual Relationship with the Company and its subsidiary Ali Kasa Director and CEO of the Company Egnitus Australia Pty Ltd Entity controlled by Mr. Ali Kasa Lindita Kasa Spouse of Ali Kasa and former sole shareholder of Anvia (Australia) Pty Ltd Egnitus Holdings Pty Ltd Entity controlled by Mr. Ali Kasa Transactions Accounts Payable March 31, 2018 December 31, 2017 Egnitus Holdings Pty Ltd $ - $ 10,500 Accounts payable was for the cost of training and consulting services provided to the Company’s customers. Payable to Related Party March 31, 2018 December 31, 2017 Lindita Kasa $ 3,000 $ 3,000 Payable to Mrs. Lindita Kasa was for the cost of purchase of Anvia (Australia) Pty Ltd. Payable to Affiliate March 31, 2018 December 31, 2017 Egnitus Australia Pty Ltd $ - $ 4,120 Payable to affiliate was for the Company’s working capital needs. Funds advanced to the Company are non-interest bearing, unsecured and due on demand. Due from Related Parties March 31, 2018 December 31, 2017 Ali Kasa $ 4,162 $ 6,807 Egnitus Holdings Pty Ltd 341 - Egnitus Australia Pty Ltd - 2,462 $ 4,503 $ 9,269 |
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, Basis o23
Nature of Operations, Basis of Presentation and Going Concern (Details Narrative) 10Q - USD ($) | Jan. 02, 2018 | Feb. 16, 2017 | Jan. 10, 2017 | Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 |
Stock issued during period for acquisition, shares | 5,000 | ||||||
Acquisition price per share | $ 0.60 | ||||||
Net loss | $ 34,008 | $ 24,900 | $ 7,562 | $ 65,953 | |||
Working capital deficit | 39,806 | 2,350 | 61,270 | ||||
Accumulated deficit | 117,457 | 32,462 | 7,562 | 73,515 | |||
Net cash provided by operating activities | $ 31,770 | $ (32,857) | (102,855) | ||||
Restructuring Transaction [Member] | |||||||
Accumulated deficit | $ 83,449 | ||||||
Officer and Director [Member] | |||||||
Number of common shares cancelled | 19,500,000 | ||||||
Number of common stock issued | 5,000,000 | 5,000,000 |
Nature of Operations and Going
Nature of Operations and Going Concern (Details Narrative) - USD ($) | Nov. 20, 2017 | Feb. 16, 2017 | Jan. 10, 2017 | Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 |
Net loss | $ 34,008 | $ 24,900 | $ 7,562 | $ 65,953 | |||
Net cash in operating activities | (31,770) | 32,857 | 102,855 | ||||
Working capital deficit | 39,806 | 2,350 | 61,270 | ||||
Accumulated deficit | $ 117,457 | $ 32,462 | $ 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 Accoun25
Summary of Significant Accounting Policies (Details Narrative) 10Q - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Cash equivalents | $ 733 | ||
Accounts receivable | $ 4,768 | 81,000 | |
Restructuring Transaction [Member] | |||
Cash equivalents | 468 | ||
Accounts receivable | $ 81,000 |
Summary of Significant Accoun26
Summary of Significant Accounting Policies (Details Narrative) - USD ($) | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2018 | |
Cash equivalents | $ 733 | ||
Accounts receivable | 81,000 | $ 4,768 | |
Impairment loss | |||
Cash FDIC insured amount | |||
Computer Software [Member] | |||
Estimated useful life property and equipment | 5 years |
Summary of Significant Accoun27
Summary of Significant Accounting Policies - Schedule of Foreign Currencies Translation Rate (Details) 10Q | Mar. 31, 2018 | Dec. 31, 2017 |
Statement of Operations and Comprehensive Loss [Member] | ||
Foreign currency translation amounts in AUD into USD | 0.79 | 0.77 |
Balance Sheet [Member] | ||
Foreign currency translation amounts in AUD into USD | 0.77 | 0.78 |
Summary of Significant Accoun28
Summary of Significant Accounting Policies - Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Level 1 [Member] | ||
Fair value of assets and liabilities for recurring basis | ||
Level 2 [Member] | ||
Fair value of assets and liabilities for recurring basis | ||
Level 3 [Member] | ||
Fair value of assets and liabilities for recurring basis |
Prepaid Deposits for Acquisit29
Prepaid Deposits for Acquisitions (Details Narrative) 10Q - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Prepaid deposits for acquisitions | $ 55,297 | $ 23,200 |
Crescent Acquisition [Member] | ||
Consideration for prepaid deposits for acquisitions | 20,000 | |
Global Institute of Vocational Education [Member] | ||
Consideration for prepaid deposits for acquisitions | $ 35,297 | $ 3,200 |
Prepaid Deposits for Acquisit30
Prepaid Deposits for Acquisitions (Details Narrative) - USD ($) | Mar. 22, 2017 | Mar. 31, 2018 | 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 | ||||
Consideration for prepaid deposits for acquisitions | $ 35,297 | 3,200 | |||
Kasa Corporation (Australia) Pty Ltd [Member] | |||||
Due to affiliate | $ 12,000 | ||||
Crescent Acquisition [Member] | |||||
Consideration for prepaid deposits for acquisitions | 20,000 | ||||
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 ($) | Mar. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Payables and Accruals [Abstract] | |||
Accrued liabilities | $ 37,534 | $ 29,613 | $ 5,250 |
Accrued Liabilities - Schedule
Accrued Liabilities - Schedule of Accrued Liabilities (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Professional fees | $ 20,857 | ||
Consulting fees | 14,943 | $ 6,478 | |
Travel expense | 5,395 | ||
Audit fees | 12,750 | 5,250 | |
Legal Fees | 4,628 | ||
Other accrued expenses | 1,734 | 362 | |
Total Accrued Expense | $ 37,534 | 29,613 | $ 5,250 |
Restructuring Transaction [Member] | |||
Professional fees | 23,230 | ||
Consulting fees | 6,384 | ||
Other accrued expenses | |||
Total Accrued Expense | $ 29,614 |
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 | Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 |
Number of common stock issued, value | $ 2,000 | ||||||||
Proceeds from issuance of common stock | $ 29,275 | $ 160,552 | |||||||
Preferred stock par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||||||
Travel expenses | $ 15,560 | 8,880 | |||||||
Accounts payable related party | $ 10,500 | ||||||||
Payable to related party | 3,000 | 0 | 4,120 | ||||||
Advance from related party debt | $ 21,359 | $ 4,116 | 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 and Director [Member] | Series A Preferred Stock [Member] | |||||||||
Number of common stock issued | 400 | ||||||||
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 |
Related Party Transactions - Sc
Related Party Transactions - Schedule of Related Party Transactions (Details) 10Q - USD ($) | 3 Months Ended | ||
Mar. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Accounts Payable | $ 10,500 | ||
Payable to Related Party | 3,000 | 4,120 | 0 |
Payable to Affiliate | 4,120 | ||
Due from Related Parties | $ 4,503 | ||
Restructuring Transaction [Member] | |||
Accounts Payable | 10,500 | ||
Payable to Related Party | 3,000 | ||
Payable to Affiliate | 4,120 | ||
Due from Related Parties | 9,269 | ||
Ali Kasa [Member] | |||
Relationship with the company and its subsidiary | Director and CEO of the Company | ||
Due from Related Parties | $ 4,162 | 6,807 | |
Egnitus Australia Pty Ltd [Member] | |||
Relationship with the company and its subsidiary | Entity controlled by Mr. Ali Kasa | ||
Payable to Affiliate | 4,120 | ||
Due from Related Parties | 2,462 | ||
Lindita Kasa [Member] | |||
Relationship with the company and its subsidiary | Spouse of Ali Kasa and former sole shareholder of Anvia (Australia) Pty Ltd | ||
Payable to Related Party | $ 3,000 | 3,000 | |
Egnitus Holdings Pty Ltd [Member] | |||
Relationship with the company and its subsidiary | Entity controlled by Mr. Ali Kasa | ||
Accounts Payable | 10,500 | ||
Due from Related Parties | $ 341 |
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) 10Q - $ / shares | Jan. 02, 2018 | Feb. 16, 2017 | Jan. 11, 2017 | Jan. 10, 2017 | Feb. 28, 2017 | Mar. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Common stock, shares authorized | 100,000,000 | 100,000,000 | 100,000,000 | |||||
Common stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | |||||
Preferred stock, shares authorized | 20,000,000 | 20,000,000 | 20,000,000 | |||||
Preferred stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | |||||
Stock issued during period for acquisition, shares | 5,000 | |||||||
Acquisition price per share | $ 0.60 | |||||||
Common stock, shares issued | 19,003,367 | 19,003,367 | 20,000,000 | |||||
Common stock, shares outstanding | 19,003,367 | 19,003,367 | 20,000,000 | |||||
Preferred stock, shares issued | 1,000 | 1,000 | ||||||
Preferred stock, shares outstanding | 1,000 | 1,000 | ||||||
President [Member] | ||||||||
Number of common stock issued | 5,000,000 | |||||||
Officer and Director [Member] | ||||||||
Common stock, par value | $ 0.0001 | |||||||
Number of common stock issued | 5,000,000 | 5,000,000 | ||||||
Series A Preferred Stock [Member] | ||||||||
Preferred stock voting rights description | The Companys directors and officers have a 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 any and all shareholder matters (the Majority Voting Rights). Additionally, the Company shall 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. | 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. | ||||||
Series A Preferred Stock [Member] | President [Member] | ||||||||
Preferred stock, par value | $ 0.0001 | |||||||
Number of common stock issued | 600 | |||||||
Shares issued price per share | $ 0.06 | |||||||
Series A Preferred Stock [Member] | Officer and Director [Member] | ||||||||
Number of common stock issued | 400 | |||||||
Shares issued price per share | $ 0.04 | |||||||
Restructuring Transaction [Member] | ||||||||
Common stock, shares authorized | 100,000,000 | |||||||
Common stock, par value | $ 0.0001 | |||||||
Preferred stock, shares authorized | 20,000,000 | |||||||
Preferred stock, par value | $ 0.0001 | |||||||
Common stock, shares issued | 19,003,367 | |||||||
Common stock, shares outstanding | 19,003,367 | |||||||
Preferred stock, shares issued | ||||||||
Preferred stock, shares outstanding |
Stockholders' Equity (Details39
Stockholders' Equity (Details Narrative) - USD ($) | Nov. 07, 2017 | Feb. 16, 2017 | Jan. 11, 2017 | Jan. 10, 2017 | Feb. 28, 2017 | Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 |
Common stock, shares authorized | 100,000,000 | 100,000,000 | 100,000,000 | ||||||
Common stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||||||
Preferred stock, shares authorized | 20,000,000 | 20,000,000 | 20,000,000 | ||||||
Preferred stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||||||
Issuance of common stock for service, value | $ 2,000 | ||||||||
Additional paid in capital | $ 158,471 | $ 312 | $ 161,463 | ||||||
Common stock, shares outstanding | 19,003,367 | 20,000,000 | 19,003,367 | ||||||
Common stock, shares issued | 19,003,367 | 20,000,000 | 19,003,367 | ||||||
Discount on common stock | $ 500 | $ 500 | |||||||
Proceeds from issuance of common stock | $ 29,275 | 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 | 1,000 | |||||||
Preferred stock, shares outstanding | 1,000 | 1,000 | |||||||
Series A Preferred Stock [Member] | |||||||||
Preferred stock voting rights description | The Companys directors and officers have a 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 any and all shareholder matters (the Majority Voting Rights). Additionally, the Company shall 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. | 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] | |||||||||
Number of common stock issued | 400 | ||||||||
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 | Mar. 31, 2018 | Mar. 31, 2017 |
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) | $ (117,457) | $ (32,462) | |
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 ($) | 3 Months Ended | 5 Months Ended | 12 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | 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 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 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) 10Q - USD ($) | 1 Months Ended | 5 Months Ended | 12 Months Ended |
May 31, 2018 | Dec. 31, 2016 | Dec. 31, 2017 | |
Number of shares issued during period for services | $ 2,000 | ||
Subsequent Event [Member] | Mr. Nikolin Kasa [Member] | |||
Number of shares issued during period for services, shares | 5,000 | ||
Number of shares issued during period for services | $ 6,000 | ||
Shares issued price per share | $ 1.2 |
Subsequent Events (Details Na45
Subsequent Events (Details Narrative) - USD ($) | Jan. 17, 2018 | Jan. 02, 2018 |
Stock issued during period for acquisition, shares | 5,000 | |
Acquisition price per share | $ 0.60 | |
Subsequent Event [Member] | Kasa Corporation (Australia) Pty Ltd [Member] | ||
Stock issued during period for acquisition, shares | 5,000 | |
Acquisition price per share | $ 0.60 | |
Value of stock issued during period for acquisition | $ 3,000 |