Fah Mai 10-Q 29 Nov 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Nov. 27, 2019
Document And Entity Information
Entity Registrant Name	FAH MAI HOLDINGS, INC.
Entity Central Index Key	0001681306
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		56,253,513
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash	$ 56,785	$ 18,575
Prepaid Expenses		3,226
Inventory, net	554,879	393,788
Total Current Assets	611,664	415,589
Advance to Related Entity - in anticipation of merger	5,080	6,380
Deposit with Related Party	73,956
TOTAL ASSETS	690,700	421,969
CURRENT LIABILITIES
Accrued Liabilities	25,863	9,493
Note Payable - Related Party	298,317
Deferred Revenue - Cask Fractions	100,959	75,158
Total Current Liabilities	425,139	84,651
STOCKHOLDERS' EQUITY
Preferred Stock; $0.0001 par value, 20,000,000 shares authorized; no shares issued and outstanding
Common stock; $0.0001 par value, 100,000,000 shares authorized; 54,587,423 and 53,000,889 shares issued and outstanding	5,459	5,300
Additional Paid-in Capital	1,687,037	950,474
Accumulated Deficit	(1,391,576)	(613,683)
Accumulated Other Comprehensive Loss	(35,359)	(4,773)
Total Stockholders' Equity	265,561	337,318
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 690,700	$ 421,969

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	54,587,423	53,000,889
Common stock, shares outstanding	54,587,423	53,000,889

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
REVENUES	$ 1,296		$ 2,650
COST OF GOODS SOLD	1,738		2,531
GROSS MARGIN	(442)		119
OPERATING EXPENSES
General and Administrative Expenses	390,694	182,890	785,132	221,953
Total Operating Expenses	(390,694)	(182,890)	(785,132)	(221,953)
OPERATING LOSS	(391,136)	(182,890)	(785,013)	(221,953)
Other Income (Expense)
Other Income	5,501	3,028	7,079	3,424
Interest Income	36		41
Total Other Income (Expense)	5,537	3,028	7,120	3,424
NET LOSS BEFORE INCOME TAXES	(385,599)	(179,862)	(777,893)	(218,529)
Provision for Income Taxes
NET LOSS	$ (385,599)	$ (179,862)	$ (777,893)	$ (218,529)
BASIC AND DILUTED LOSS PER SHARE	$ (0.01)	$ 0	$ (0.01)	$ (0.01)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	54,121,552	42,245,187	53,689,931	41,831,249
Other Comprehensive Loss
Exchange Differences Arising on Translating Foreign Operations	$ (19,315)	$ (20,442)	$ (30,586)	$ (16,700)
Total Comprehensive Loss	$ (404,914)	$ (200,304)	$ (808,479)	$ (235,229)

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Deficit Accumulated [Member]	Accumulated Other Comprehensive Loss [Member]	Total
Balance at Dec. 31, 2017		$ 4,129	$ 397,649	$ (43,249)	$ (780)	$ 357,749
Balance, shares at Dec. 31, 2017		41,290,970
Common stock issued for cash		$ 29	130,807			130,836
Common stock issued for cash, shares		289,150
Foreign currency translation					3,742	3,742
Net loss				(38,667)		(38,667)
Balance at Mar. 31, 2018		$ 4,158	528,456	(81,916)	2,962	453,660
Balance, shares at Mar. 31, 2018		41,580,120
Balance at Dec. 31, 2017		$ 4,129	397,649	(43,249)	(780)	357,749
Balance, shares at Dec. 31, 2017		41,290,970
Net loss						(218,529)
Balance at Jun. 30, 2018		$ 4,354	525,225	(261,778)	(17,480)	250,321
Balance, shares at Jun. 30, 2018		43,542,397
Balance at Mar. 31, 2018		$ 4,158	528,456	(81,916)	2,962	453,660
Balance, shares at Mar. 31, 2018		41,580,120
Common stock issued for cash		$ 142	338,919			339,061
Common stock issued for cash, shares		1,422,018
Common stock issued for services		$ 14	70,116			70,130
Common stock issued for services, shares		140,259
Common stock issued for acquisition of subsidiary		$ 40	(412,266)			(412,226)
Common stock issued for acquisition of subsidiary, shares		400,000
Foreign currency translation					(20,442)	(20,442)
Net loss				(179,862)		(179,862)
Balance at Jun. 30, 2018		$ 4,354	525,225	(261,778)	(17,480)	250,321
Balance, shares at Jun. 30, 2018		43,542,397
Balance at Dec. 31, 2018		$ 5,300	950,474	(613,683)	(4,773)	337,318
Balance, shares at Dec. 31, 2018		53,000,889
Common stock issued for cash		$ 24	135,909			135,933
Common stock issued for cash, shares		242,369
Common stock acquired with cash and cancelled per repurchase agreements			(1,100)			(1,100)
Common stock acquired with cash and cancelled per repurchase agreements, shares		(2,200)
Common stock issued for services		$ 52	256,821			256,873
Common stock issued for services, shares		516,124
Foreign currency translation					(11,271)	(11,271)
Net loss				(392,294)		(392,294)
Balance at Mar. 31, 2019		$ 5,376	1,342,104	(1,005,977)	(16,044)	325,459
Balance, shares at Mar. 31, 2019		53,757,182
Balance at Dec. 31, 2018		$ 5,300	950,474	(613,683)	(4,773)	337,318
Balance, shares at Dec. 31, 2018		53,000,889
Net loss						(777,893)
Balance at Jun. 30, 2019		$ 5,459	1,687,037	(1,391,576)	(35,359)	265,561
Balance, shares at Jun. 30, 2019		54,587,423
Balance at Mar. 31, 2019		$ 5,376	1,342,104	(1,005,977)	(16,044)	325,459
Balance, shares at Mar. 31, 2019		53,757,182
Common stock issued for cash		$ 81	335,557			335,638
Common stock issued for cash, shares		812,189
Common stock acquired with cash and cancelled per repurchase agreements		$ (2)	(12,428)			(12,430)
Common stock acquired with cash and cancelled per repurchase agreements, shares		(24,860)
Common stock issued for services		$ 4	21,804			21,808
Common stock issued for services, shares		42,912
Foreign currency translation					(19,315)	(19,315)
Net loss				(385,599)		(385,599)
Balance at Jun. 30, 2019		$ 5,459	$ 1,687,037	$ (1,391,576)	$ (35,359)	$ 265,561
Balance, shares at Jun. 30, 2019		54,587,423

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
OPERATING ACTIVITIES
Net loss	$ (777,893)	$ (218,529)
Adjustments to reconcile net loss to net cash used in operating activities:
Common stock issued for services	278,681	70,130
Changes in operating assets and liabilities
Prepaid expenses	3,226	(4,136)
Inventory	(161,091)	(105,365)
Accounts payable and accrued liabilities	16,370	17,558
Deferred revenue	25,801
Net Cash Used in Operating Activities	(614,906)	(240,342)
INVESTING ACTIVITIES
Net cash paid for acquisition of subsidiary		(240,678)
Deposit with related party	(73,956)
Repayment of advance to related party	1,300
Net Cash Used in Investing Activities	(72,656)	(240,678)
FINANCING ACTIVITIES
Proceeds from notes payable - related party	298,317	16,482
Repayment of common stock refund	(13,530)
Proceeds from sale of common stock	471,571	469,897
Net Cash Provided by Financing Activities	756,358	486,379
Effect of Exchange Rate on Changes in Cash	(30,586)	(16,700)
NET INCREASE (DECREASE) IN CASH	38,210	(11,341)
CASH AT BEGINNING OF PERIOD	18,575	81,118
CASH AT END OF PERIOD	56,785	69,777
CASH PAID FOR:
Interest
Income taxes
NON-CASH DISCLOSURES OF CASH FLOW INFORMATION:
Common stock issued for acquisition of subsidiary and recapitalization		171,548
Cancellation of repurchased shares of common stock	$ (13,530)

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Description of Business and Basis of Presentation	NOTE 1 – DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Nature of Operations Fah Mai Holdings, Inc. (formerly Finch Street Acquisition Corporation) (“Fah Mai” or the “Company”) was incorporated on July 22, 2016 under the laws of the state of Delaware to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. On June 8, 2018, the Company entered into a merger agreement (the “Merger Agreement”) with Fah Mai Holdings Co., Ltd., a private company organized under the laws of the Thailand (“Fah Mai Thailand”). Under the Merger Agreement, the Company issued to the shareholders of Fah Mai Thailand 400,000 shares of its common stock, valued at $0.0001 per share, in exchange for all of the issued and outstanding equity securities of Fah Mai Thailand (the “Merger”). On November 7, 2017, the Company acquired all outstanding shares of Fah Mai Holdings Limited and Platinum Cask Limited from Louis Haseman at his cost and they became wholly owned subsidiaries of the Company. These companies had no operations and neither assets nor liabilities. On June 8, 2018, the Company entered into a merger agreement (the “Merger Agreement”) with Fah Mai Holdings Co., Ltd., a private company organized under the laws of Thailand (“Fah Mai Thailand”). Mr. Louis Haseman, who is an officer, director and shareholder of the Company, was an officer and equity holder of Fah Mai Thailand prior to the Merger. As a result of the Merger, Fah Mai Thailand has merged into the Company and ceased to exist and the Company has taken over the operations and business plan of Fah Mai Thailand. This was a merger of net assets between entities under common control. Accordingly, net assets and liabilities of Fah Mai Thailand were recorded on the books of the Company at their historical costs. Basis of Presentation The summary of significant accounting policies presented below is designed to assist in understanding the Company’s consolidated financial statements. Such financial statements and accompanying notes are the representations of the Company’s management, who are 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. The Company has not earned any revenue from operations since inception. The Company chose December 31 st The accompanying unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted in accordance with such rules and regulations. The information furnished in the interim financial statements includes normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements. Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim financial statements be read in conjunction with the Company’s audited financial statements and notes thereto included in its Form 10-K for the year ended December 31, 2018. Operating results for the six months ended June 30, 2019 are not necessarily indicative of the results to be expected for the year ending December 31, 2019. Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of Fah Mai Holdings, Inc. and its wholly owned subsidiaries, Fah Mai Holdings Co., Ltd., Fah Mai Holdings Limited and Platinum Cask Limited (collectively, the “Company”). All intercompany accounts have been eliminated upon consolidation.

Going Concern

Going Concern	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	NOTE 2 – GOING CONCERN The Company has not yet generated significant revenue since inception to date and has sustained an operating loss of $777,893 for the six months ended June 30, 2019. The Company had working capital of $186,525 and an accumulated deficit of $1,391,576 as of June 30, 2019. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s continuation as a going concern is dependent on its ability to generate sufficient cash flows from operations and from stockholders to meet its obligations and/or obtaining additional financing from its members or other sources, as may be required.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. The Company had $56,785 and $18,575 held in cash as of as of June 30, 2019 and December 31, 2018, respectively. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company places its cash with high quality banking institutions. However, most of the Company’s cash is held outside of the United States of America. The Company did not have cash balances in excess of the Federal Deposit Insurance Corporation limit as of June 30, 2019 or December 31, 2018. Foreign Currency Translation The Company has functional currencies in the United States dollar and British Pounds Sterling and its reporting currency is the United States dollar. Management has adopted ASC 830-20, Foreign Currency Matters – Foreign Currency Transactions. Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which requires a lessee to recognize a liability representing future lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. For operating leases, a lessee is required to recognize at inception a right-of-use asset and a lease liability equal to the net present value of the lease payments, with lease expense recognized over the lease term on a straight-line basis. For leases with a term of twelve months or less, ASU 2016-02 allows a reporting entity to make an accounting policy election to not recognize a right-of-use asset and a lease liability, and to recognize lease expense on a straight-line basis. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. The Company entered into two lease arrangements during the six months ended June 30, 2019. These lease arrangements were for an apartment and an office location, both with agreements of less than 12 months. As such, the Company elected to not recognize right-of-use assets or lease liabilities, pursuant to short-term lease exemption provisions of Topic 842. The Company adopted ASU 2016-02 effective January 1, 2019, which had no impact on the Company’s financial statements. Revenue Recognition The Company recognizes revenue from the sale of products and services in accordance with ASC 606,” Revenue Recognition Step 1: Identify the contract(s) with customers Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to performance obligations Step 5: Recognize revenue when the entity satisfies a performance obligation The Company recognizes revenue when it satisfies its obligation by transferring control of the good or service to the customer. A performance obligation is satisfied over time if one of the following criteria are met: a. the customer simultaneously receives and consumes the benefits as the entity performs; b. the entity’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced; or c. the entity’s performance does not create an asset with an alternative use to the entity, and the entity has an enforceable right to payment for performance completed to date. The Company sells bottles and casks of whisky to its customers. The Company records the revenue once the whisky is shipped and the Company’s obligations are completed. The Company also sales fractions of cask to customers in advance of selling the casks. The money from these cask fraactions is recorded as deferred revenue until the cask is sold. Once these casks are sold the Company recognized the revenue that has been deferred and removes the associated liability. Other Comprehensive Loss ASC 220, Other Comprehensive Loss, Fair Value of Financial Instruments In accordance with ASC 820, Fair Value Measurement Level 1- Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date. Level 2- Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data. Level 3- Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information. The carrying amounts reported in the balance sheets for cash, accounts payable and accrued expenses approximate their fair market value based on the short-term maturity of these instruments. Stock Based Compensation The Company accounts for stock-based payments to employees in accordance with ASC 718, “Stock Compensation” (“ASC 718”). Stock-based payments to employees include grants of stock, grants of stock options and issuance of warrants that are recognized in the consolidated statement of operations based on their fair values at the date of grant. The Company accounts for stock-based payments to non-employees in accordance with ASC 505-50, “Equity-Based Payments to Non-Employees.” Stock-based payments to non-employees include grants of stock, grants of stock options and issuances of warrants that are recognized in the consolidated statement of operations based on the value of the stock on the date of granting and recognized as services are provided. The Company calculates the fair value of option grants and warrant issuances utilizing the Binomial pricing model. The amount of stock-based compensation recognized during a period is based on the value of the portion of the awards that are ultimately expected to vest. ASC 718 requires forfeitures to be estimated at the time stock options are granted and warrants are issued to employees, and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The term “forfeitures” is distinct from “cancellations” or “expirations” and represents only the unvested portion of the surrendered stock option or warrant. The Company estimates forfeiture rates for all unvested awards when calculating the expense for the period. Income Taxes Under ASC 740, “Income Taxes,” deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized. As of June 30, 2019 and December 31, 2018, the Company had cumulative net operating losses of $1,391,576 and $613,683, respectively. As of June 30, 2019 and December 31, 2018, there were no deferred taxes due to the uncertainty of the realization of net operating loss or carry forward prior to expiration. Net Loss per Share Basic net loss per share is computed by dividing the net loss by the weighted average number of shares of common outstanding during the periods presented. Potentially dilutive common stock equivalents such as stock options, warrants and convertible debt are included in the computation of diluted weighted average of common shares outstanding, unless their effect is anti-dilutive due to net losses. As of June 30, 2019 and December 31, 2018, there are no potentially dilutive common stock equivalents. Basis of Valuing Inventory The Company purchases rare Scotch whisky for collection and possible marketing and re-sale. The inventory is recorded at the lower of cost (purchase price including fees) or net realizable value.

Advance to Related Entity

Advance to Related Entity	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Advance to Related Entity	NOTE 4 – ADVANCE TO RELATED ENTITY As of June 30, 2019 and December 31, 2018, the Company had advanced non-interest bearing funds to a related party entity in the amount of $5,080 and $6,380, respectively, in anticipation of acquiring or merging the entity with the Company. All of these proceeds were loaned to a related party, Rare Whisky Auctions (“RWA”), a United Kingdom company controlled by the majority shareholders of the Company. The Company recorded an advance to a related entity – in anticipation of merger on its books for these funds.

Deposit with Related Party

Deposit with Related Party	6 Months Ended
	Jun. 30, 2019
Deposit With Related Party
Deposit with Related Party	NOTE 5 – DEPOSIT WITH RELATED PARTY As of June 30, 2019 and December 31, 2018, the Company had deposited $73,956 and $0, respectively, in a related party entity. This is being reported currently as a deposit. The Company will eventually own an as yet undetermined percentage of the equity in this entity and will be recorded on its books using the equity method. For June 30, 2019 and December 31, 2018, the Company has recorded a gain on this investment of $0 and $0, respectively.

Whisky Inventory and Deferred R

Whisky Inventory and Deferred Revenue	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Whisky Inventory and Deferred Revenue	NOTE 6 – WHISKY INVENTORY AND DEFERRED REVENUE As of June 30, 2019 and December 31, 2018, the Company had whisky inventory of $554,879 and $393,788, respectively. The inventory is made up of rare or special whisky that the Company is acquiring to collect, market, and sell. During the year ended December 31, 2018, the Company began selling Cask Fractions. Cask Fractions are fractions of casks that are in the whisky inventory and are sold to outside parties that would like to invest in rare or special whisky in smaller amounts of money than is required to purchase a complete cask. Upon the sale of these casks, the income associated with these cask fractions that have been purchased is passed on to the investors. The amounts of cask fractions sold totals $100,959 and $75,158 as of June 30, 2019 and December 31, 2018, respectively, and are recorded as deferred revenue.

Note Payable - Related Party

Note Payable - Related Party	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Note Payable - Related Party	NOTE 7 – NOTE PAYABLE - RELATED PARTY During the six months ended June 30, 2019 and 2018, the Company received $298,317 and $16,482, respectively, in loan proceeds from an officer and director. Balances owed totaled $298,317 and $0 at June 30, 2019 and December 31, 2018, respectively.

Common Stock

Common Stock	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Common Stock	NOTE 8 – COMMON STOCK During the six months ended June 30, 2018, the Company issued 1,711,168 shares of common stock to unrelated parties, at $0.45 - $0.75 per share and received $469,897 in cash. On June 8, 2018, the Company issued 400,000 shares of common stock for the acquisition of Fah Mai Holdings, Co., Ltd. These shares were issued at par value of $0.0001 per share. The shares were issued at par value because the transaction was treated as a combination of entities under common control at historical costs. During the six months ended June 30, 2018, the Company issued 140,259 shares of common stock to unrelated individuals for services. The shares were issued between $0.50 and $0.65 per share and the Company recorded $70,130 in expenses. During the six months ended June 30, 2019, the Company issued 1,054,558 shares of common stock through 48 stock subscription agreements, which are all unrelated parties, at $0.42 - $1.00 per share and received $471,571 in cash. During the six months ended June 30, 2019, the Company issued 500,000 shares of common stock to one individual for services. The shares were issued at $0.50 per share and the Company recorded $250,000 in expenses as stock based compensation. During the six months ended June 30, 2019, the Company issued 59,036 shares of common stock to 34 individuals for investment services. The shares were issued from $0.30 to $0.65 per share and the Company recorded $28,681 in expenses as stock based compensation. During the six months ended June 30, 2019, the Company purchased 27,060 shares of common stock from three individuals for $0.50 per share for $13,530 in cash per repurchase agreements. These shares were immediately cancelled. The Company is authorized to issue 100,000,000 shares of common stock and 20,000,000 shares of preferred stock. As of June 30, 2019 and December 31, 2018, respectively, 54,587,423 and 53,000,889 shares of common stock and no shares of preferred stock were issued and outstanding.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	NOTE 9 – SUBSEQUENT EVENTS Management has evaluated subsequent events, in accordance with FASB ASC Topic 855, “Subsequent Events,” through the date which the unaudited consolidated financial statements were issued and there are no material subsequent events, except as detailed below: From July 1, 2019 through November 27, 2019, the Company issued 509,919 shares of common stock to 47 unaffiliated individuals at $0.50 - $1.00 per share for investment services for a value of $509,971. From July 1, 2019 through November 27, 2019, the Company issued 1,156,171 shares of common stock to 28 unaffiliated individuals at $0.43 - $1.00 per share for net proceeds of $1,014,237.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. The Company had $56,785 and $18,575 held in cash as of as of June 30, 2019 and December 31, 2018, respectively.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company places its cash with high quality banking institutions. However, most of the Company’s cash is held outside of the United States of America. The Company did not have cash balances in excess of the Federal Deposit Insurance Corporation limit as of June 30, 2019 or December 31, 2018.
Foreign Currency Translation	Foreign Currency Translation The Company has functional currencies in the United States dollar and British Pounds Sterling and its reporting currency is the United States dollar. Management has adopted ASC 830-20, Foreign Currency Matters – Foreign Currency Transactions.
Leases	Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which requires a lessee to recognize a liability representing future lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. For operating leases, a lessee is required to recognize at inception a right-of-use asset and a lease liability equal to the net present value of the lease payments, with lease expense recognized over the lease term on a straight-line basis. For leases with a term of twelve months or less, ASU 2016-02 allows a reporting entity to make an accounting policy election to not recognize a right-of-use asset and a lease liability, and to recognize lease expense on a straight-line basis. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. The Company entered into two lease arrangements during the six months ended June 30, 2019. These lease arrangements were for an apartment and an office location, both with agreements of less than 12 months. As such, the Company elected to not recognize right-of-use assets or lease liabilities, pursuant to short-term lease exemption provisions of Topic 842. The Company adopted ASU 2016-02 effective January 1, 2019, which had no impact on the Company’s financial statements.
Revenue Recognition	Revenue Recognition The Company recognizes revenue from the sale of products and services in accordance with ASC 606,” Revenue Recognition Step 1: Identify the contract(s) with customers Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to performance obligations Step 5: Recognize revenue when the entity satisfies a performance obligation The Company recognizes revenue when it satisfies its obligation by transferring control of the good or service to the customer. A performance obligation is satisfied over time if one of the following criteria are met: a. the customer simultaneously receives and consumes the benefits as the entity performs; b. the entity’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced; or c. the entity’s performance does not create an asset with an alternative use to the entity, and the entity has an enforceable right to payment for performance completed to date. The Company sells bottles and casks of whisky to its customers. The Company records the revenue once the whisky is shipped and the Company’s obligations are completed. The Company also sales fractions of cask to customers in advance of selling the casks. The money from these cask fraactions is recorded as deferred revenue until the cask is sold. Once these casks are sold the Company recognized the revenue that has been deferred and removes the associated liability.
Other Comprehensive Loss	Other Comprehensive Loss ASC 220, Other Comprehensive Loss,
Fair Value of Financial Instruments	Fair Value of Financial Instruments In accordance with ASC 820, Fair Value Measurement Level 1- Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date. Level 2- Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data. Level 3- Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information. The carrying amounts reported in the balance sheets for cash, accounts payable and accrued expenses approximate their fair market value based on the short-term maturity of these instruments.
Stock Based Compensation	Stock Based Compensation The Company accounts for stock-based payments to employees in accordance with ASC 718, “Stock Compensation” (“ASC 718”). Stock-based payments to employees include grants of stock, grants of stock options and issuance of warrants that are recognized in the consolidated statement of operations based on their fair values at the date of grant. The Company accounts for stock-based payments to non-employees in accordance with ASC 505-50, “Equity-Based Payments to Non-Employees.” Stock-based payments to non-employees include grants of stock, grants of stock options and issuances of warrants that are recognized in the consolidated statement of operations based on the value of the stock on the date of granting and recognized as services are provided. The Company calculates the fair value of option grants and warrant issuances utilizing the Binomial pricing model. The amount of stock-based compensation recognized during a period is based on the value of the portion of the awards that are ultimately expected to vest. ASC 718 requires forfeitures to be estimated at the time stock options are granted and warrants are issued to employees, and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The term “forfeitures” is distinct from “cancellations” or “expirations” and represents only the unvested portion of the surrendered stock option or warrant. The Company estimates forfeiture rates for all unvested awards when calculating the expense for the period.
Income Taxes	Income Taxes Under ASC 740, “Income Taxes,” deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized. As of June 30, 2019 and December 31, 2018, the Company had cumulative net operating losses of $1,391,576 and $613,683, respectively. As of June 30, 2019 and December 31, 2018, there were no deferred taxes due to the uncertainty of the realization of net operating loss or carry forward prior to expiration.
Net Loss Per Share	Net Loss per Share Basic net loss per share is computed by dividing the net loss by the weighted average number of shares of common outstanding during the periods presented. Potentially dilutive common stock equivalents such as stock options, warrants and convertible debt are included in the computation of diluted weighted average of common shares outstanding, unless their effect is anti-dilutive due to net losses. As of June 30, 2019 and December 31, 2018, there are no potentially dilutive common stock equivalents.
Basis of Valuing Inventory	Basis of Valuing Inventory The Company purchases rare Scotch whisky for collection and possible marketing and re-sale. The inventory is recorded at the lower of cost (purchase price including fees) or net realizable value.

Description of Business and B_2

Description of Business and Basis of Presentation (Details Narrative) - Merger Agreement [Member]	Jun. 08, 2018$ / sharesshares
Number of common shares issued during period, shares | shares	400,000
Shares issued, price per share | $ / shares	$ 0.0001

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operating loss, net	$ 385,599	$ 392,294	$ 179,862	$ 38,667	$ 777,893	$ 218,529
Working capital	186,525				186,525
Accumulated deficit	$ 1,391,576				$ 1,391,576		$ 613,683

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Cash	$ 56,785	$ 18,575
Cash balances in FDIC corp
Accumulated other comprehensive income (loss)	35,359	4,773
Net operating losses	1,391,576	613,683
Deferred taxes due
Potentially dilutive common stock equivalents

Advance to Related Entity (Deta

Advance to Related Entity (Details Narrative) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Related Party Transactions [Abstract]
Advance to related entity in anticipation of merger	$ 5,080	$ 6,380

Deposit with Related Party (Det

Deposit with Related Party (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Deposit With Related Party
Deposits with related party	$ 73,956	$ 0
Gain on investment	$ 0	$ 0

Whisky Inventory and Deferred_2

Whisky Inventory and Deferred Revenue (Details Narrative) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Whisky inventory	$ 554,879	$ 393,788
Deferred Revenue - Cask Fractions	$ 100,959	$ 75,158

Note Payable - Related Party (D

Note Payable - Related Party (Details Narrative) - USD ($)	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Received funds from related party	$ 298,317	$ 0
Officer and Director [Member]
Received funds from related party	$ 298,317		$ 16,482

Common Stock (Details Narrative

Common Stock (Details Narrative) - USD ($)	Jun. 08, 2018	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Proceeds from sale of common stock					$ 471,571	$ 469,897
Common stock, par value		$ 0.0001			$ 0.0001		$ 0.0001
Value of shares issued for services		$ 21,808	$ 256,873	$ 70,130
Common stock shares authorized		100,000,000			100,000,000		100,000,000
Preferred stock, shares authorized		20,000,000			20,000,000		20,000,000
Common stock, shares issued		54,587,423			54,587,423		53,000,889
Common stock, shares outstanding		54,587,423			54,587,423		53,000,889
Preferred stock, shares issued
Preferred stock, shares outstanding
Unrelated Parties [Member]
Number of common shares issued during period, shares						1,711,168
Proceeds from sale of common stock						$ 469,897
Unrelated Individual [Member]
Number of common stock shares issued for services						140,259
Value of shares issued for services						$ 70,130
One Individual [Member]
Shares issued, price per share		$ 0.50			$ 0.50
Number of common stock shares issued for services					500,000
Value of shares issued for services					$ 250,000
34 Individuals [Member]
Number of common stock shares issued for services					59,036
Value of shares issued for services					$ 28,681
Three Individuals [Member]
Shares issued, price per share		0.50			$ 0.50
Number of common stock repurchase shares					27,060
Number of common stock repurchase value					$ 13,530
Fah Mai Holdings, Co Ltd [Member]
Shares issued for acquisition	400,000
Common stock, par value	$ 0.0001
Maximum [Member] | Unrelated Parties [Member]
Shares issued, price per share				$ 0.45		$ 0.45
Maximum [Member] | 44 Individual [Member]
Shares issued, price per share				0.65		0.65
Maximum [Member] | 34 Individuals [Member]
Shares issued, price per share		0.65			$ 0.65
Minimum [Member] | Unrelated Parties [Member]
Shares issued, price per share				0.75		0.75
Minimum [Member] | 44 Individual [Member]
Shares issued, price per share				$ 0.50		$ 0.50
Minimum [Member] | 34 Individuals [Member]
Shares issued, price per share		0.30			$ 0.30
48 Stock Subscription Agreements [Member]
Number of common shares issued during period, shares					1,054,558
Proceeds from sale of common stock					$ 471,571
48 Stock Subscription Agreements [Member] | Maximum [Member]
Shares issued, price per share		1			$ 1
48 Stock Subscription Agreements [Member] | Minimum [Member]
Shares issued, price per share		$ 0.42			$ 0.42

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	3 Months Ended			5 Months Ended	6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Nov. 27, 2019	Jun. 30, 2019	Jun. 30, 2018
Value of shares issued for services	$ 21,808	$ 256,873	$ 70,130
Proceeds from sale of common stock					$ 471,571	$ 469,897
Subsequent Event [Member] | 47 Unaffiliated Individuals [Member]
Number of common stock shares issued for services				509,919
Value of shares issued for services				$ 509,971
Subsequent Event [Member] | 47 Unaffiliated Individuals [Member] | Minimum [Member]
Shares issued, price per share				$ 0.50
Subsequent Event [Member] | 47 Unaffiliated Individuals [Member] | Maximum [Member]
Shares issued, price per share				$ 1
Subsequent Event [Member] | 28 Unaffiliated Individuals [Member]
Number of common shares issued during period, shares				1,156,171
Proceeds from sale of common stock				$ 1,014,237
Subsequent Event [Member] | 28 Unaffiliated Individuals [Member] | Minimum [Member]
Shares issued, price per share				$ 0.43
Subsequent Event [Member] | 28 Unaffiliated Individuals [Member] | Maximum [Member]
Shares issued, price per share				$ 1