Cover
Cover - shares | 9 Months Ended | |
Aug. 31, 2020 | Oct. 07, 2020 | |
Cover [Abstract] | ||
Entity Registrant Name | FOLKUP DEVELOPMENT INC. | |
Entity Central Index Key | 0001684506 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Current Fiscal Year End Date | --11-30 | |
Entity Small Business | true | |
Entity Shell Company | false | |
Entity Emerging Growth Company | true | |
Entity Current Reporting Status | Yes | |
Document Period End Date | Aug. 31, 2020 | |
Entity Filer Category | Non-accelerated Filer | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2020 | |
Entity Ex Transition Period | false | |
Entity Common Stock Shares Outstanding | 3,800,000 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity Interactive Data Current | Yes |
CONDENSED BALANCE SHEETS
CONDENSED BALANCE SHEETS - USD ($) | Aug. 31, 2020 | Nov. 30, 2019 |
Current Assets | ||
Cash and Cash Equivalents | $ 0 | $ 5,101 |
Total Current Assets | 0 | 5,101 |
Total Assets | 0 | 5,101 |
Current Liabilities | ||
Other Payables and Accrued Expenses | 2,998 | 0 |
Related Party Loans | 0 | 29,955 |
Total Current Liabilities | 2,998 | 29,955 |
Total Liabilities | 2,998 | 29,955 |
Commitments and Contingencies | 0 | 0 |
Stockholders' Equity | ||
Common stock, par value $0.001; 75,000,000 shares authorized, 3,800,000 and 3,800,000 shares issued and outstanding accordingly | 3,800 | 3,800 |
Additional paid in capital | 23,200 | 23,200 |
Accumulated deficit | (29,998) | (51,854) |
Total Stockholders' Deficit | (2,998) | (24,854) |
Total Liabilities and Stockholders' Equity | $ 0 | $ 5,101 |
CONDENSED BALANCE SHEETS (Paren
CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares | Aug. 31, 2020 | Nov. 30, 2019 |
CONDENSED BALANCE SHEETS | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 3,800,000 | 3,800,000 |
Common stock, shares outstanding | 3,800,000 | 3,800,000 |
CONDENSED STATEMENTS OF OPERATI
CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Aug. 31, 2020 | Aug. 31, 2019 | Aug. 31, 2020 | Aug. 31, 2019 | |
OPERATING EXPENSES | ||||
General and Administrative Expenses | $ 2,998 | $ 21,067 | $ 15,793 | $ 30,041 |
TOTAL OPERATING EXPENSES | 2,998 | 21,067 | 15,793 | 30,041 |
LOSS FROM OPERATIONS | (2,998) | (21,067) | (15,793) | (30,041) |
OTHER INCOME | ||||
Gain on forgiveness of related party loan | 37,649 | 0 | 37,649 | 0 |
TOTAL OTHER INCOME | 37,649 | 0 | 37,649 | 0 |
INCOME (LOSS) FROM OPERATIONS BEFORE PROVISION FOR INCOME TAX | 34,651 | (21,067) | 21,856 | (30,041) |
PROVISION FOR INCOME TAXES | 0 | 0 | 0 | 0 |
NET INCOME (LOSS) | $ 34,651 | $ (21,067) | $ 21,856 | $ (30,041) |
NET INCOME (LOSS) PER SHARE: BASIC AND DILUTED | $ 0.01 | $ (0.01) | $ 0.01 | $ (0.01) |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED | 3,800,000 | 3,800,000 | 3,800,000 | 3,800,000 |
CONDENSED STATEMENTS OF CHANGES
CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY (Unaudited) - USD ($) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Deficit Accumulated during the Development Stage [Member] |
Balance, shares at Nov. 30, 2018 | 3,800,000 | |||
Balance, amount at Nov. 30, 2018 | $ 14,228 | $ 3,800 | $ 23,200 | $ (12,772) |
Net loss for the nine months ended August 31, 2019 | (30,041) | $ 0 | 0 | (30,041) |
Balance, shares at Aug. 31, 2019 | 3,800,000 | |||
Balance, amount at Aug. 31, 2019 | (15,813) | $ 3,800 | 23,200 | (42,813) |
Balance, shares at May. 31, 2019 | 3,800,000 | |||
Balance, amount at May. 31, 2019 | 5,254 | $ 3,800 | 23,200 | (21,746) |
Net loss for the nine months ended August 31, 2019 | (21,067) | $ 0 | 0 | (21,067) |
Balance, shares at Aug. 31, 2019 | 3,800,000 | |||
Balance, amount at Aug. 31, 2019 | (15,813) | $ 3,800 | 23,200 | (42,813) |
Balance, shares at Nov. 30, 2019 | 3,800,000 | |||
Balance, amount at Nov. 30, 2019 | (24,854) | $ 3,800 | 23,200 | (51,854) |
Net loss for the nine months ended August 31, 2019 | 21,856 | $ 0 | 0 | 21,856 |
Balance, shares at Aug. 31, 2020 | 3,800,000 | |||
Balance, amount at Aug. 31, 2020 | (2,998) | $ 3,800 | 23,200 | (29,998) |
Balance, shares at May. 31, 2020 | 3,800,000 | |||
Balance, amount at May. 31, 2020 | (37,649) | $ 3,800 | 23,200 | (64,649) |
Net loss for the nine months ended August 31, 2019 | 34,651 | $ 0 | 0 | 34,651 |
Balance, shares at Aug. 31, 2020 | 3,800,000 | |||
Balance, amount at Aug. 31, 2020 | $ (2,998) | $ 3,800 | $ 23,200 | $ (29,998) |
CONDENSED STATEMENTS OF CASH FL
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 9 Months Ended | |
Aug. 31, 2020 | Aug. 31, 2019 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income (loss) for the period | $ 21,856 | $ (30,041) |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
Gain on forgiveness of related party loan | (37,649) | 0 |
Retirement of equipment | 0 | 720 |
Depreciation | 0 | 60 |
Changes in operating assets and liabilities | ||
Decrease in accounts receivable | 0 | 2,415 |
Decrease in accounts payable | 0 | (4,395) |
Increased in other payables and accrued expenses | 2,998 | 0 |
NET CASH USED IN OPERATING ACTIVITIES | (12,795) | (31,241) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Advances from related party loans | 7,694 | 11,995 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 7,694 | 11,995 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | (5,101) | (19,246) |
Cash and cash equivalents, beginning of period | 5,101 | 33,388 |
Cash and cash equivalents, end of period | 0 | 14,142 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||
Interest paid | 0 | 0 |
Income taxes paid | $ 0 | $ 0 |
ORGANIZATION AND NATURE OF BUSI
ORGANIZATION AND NATURE OF BUSINESS | 9 Months Ended |
Aug. 31, 2020 | |
ORGANIZATION AND NATURE OF BUSINESS | |
- ORGANIZATION AND NATURE OF BUSINESS | Note 1 – ORGANIZATION AND NATURE OF BUSINESS FOLKUP DEVELOPMENT INC. (“the Company”, “we”, “us” or “our”) was incorporated in the State of Nevada on July 5, 2016. We are a development stage corporation and have not yet generated or realized any revenues from our business. We aim to develop a renewable energy service business in Hong Kong. The Company is currently seeking any business opportunities. On June 26, 2020, Milena Topolac Tomovic, the then major shareholder, entered into a Stock Purchase Agreement with Benson Wu (“New Majority Shareholder”) wherein Milena Topolac Tomovic sold 3,000,000 shares of the Company’s common stock, representing approximately 78.9% of all issued and outstanding shares to Mr. Wu. Effective from July 6, 2020, Milena Topolac Tomovic resigned as a director, and from the offices of President, Secretary and Treasurer of, the Company. Immediately prior to such resignation, Ms. Topolac Tomovic, as the sole member of the board of directors at such time, appointed Benson Wu as a director, and as President, Secretary and Treasurer of the Company. Mr. Wu is currently the Company’s sole officer and director. |
GOING CONCERN
GOING CONCERN | 9 Months Ended |
Aug. 31, 2020 | |
GOING CONCERN | |
- GOING CONCERN | Note 2 – GOING CONCERN The accompanying condensed financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company generated no revenues for the nine months ended August 31, 2020. The Company currently has accumulated deficit of $29,998 as of August 31, 2020 and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. Management evaluates that lack of revenues can affect to the entity’s ability to meet its obligations. The ability of the Company to mitigate the conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern is dependent on management’s plans, which include further implementation of its business plan. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern. |
SUMMARY OF SIGNIFCANT ACCOUNTIN
SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | 9 Months Ended |
Aug. 31, 2020 | |
SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | |
- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | Note 3 – SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES Basis of presentation The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company’s year end is November 30. The results for the nine months ended August 31, 2020 are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the condensed financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended November 30, 2019, filed with the Securities and Exchange Commission. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $0 of cash as of August 31, 2020 and $5,101 as of November 30, 2019. Depreciation, Amortization, and Capitalization The Company records depreciation and amortization when appropriate using straight-line balance method over the estimated useful life of the assets. We estimate that the useful life of sport equipment is five years. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property's useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Fair Value of Financial Instruments AS topic 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of cash and the Company’s loan from shareholder approximates its fair value due to their short-term maturity. Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of August 31, 2020 and November 30, 2019 there were no potentially dilutive debt or equity instruments issued or outstanding. Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. Specifically, Section 606-10-50 requires an entity to provide information about: a. Revenue recognized from contracts with customers, including the disaggregation of revenue into appropriate categories; b. Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities; c. Performance obligations, including when the entity typically satisfies its performance obligations and the transaction price that is allocated to the remaining performance obligations in a contract; d. Significant judgments, and changes in judgments, made in applying the requirements to those contracts. For the nine months ended August 31, 2020 the Company has generated no revenue. Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations. Recent Accounting Pronouncements We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. |
LOAN FROM DIRECTOR
LOAN FROM DIRECTOR | 9 Months Ended |
Aug. 31, 2020 | |
LOAN FROM DIRECTOR | |
- LOAN FROM DIRECTOR | Note 4 – LOAN FROM DIRECTOR For the nine months ended August 31, 2020, our sole director has waived all the loans due to the Company. Loan is unsecured, non-interest bearing and due on demand. The balance due to the director was $0 as of August 31, 2020 and $29,955 as of November 30, 2019. |
COMMON STOCK
COMMON STOCK | 9 Months Ended |
Aug. 31, 2020 | |
COMMON STOCK | |
- COMMON STOCK | Note 5 – COMMON STOCK The Company has 75,000,000, $0.001 par value shares of common stock authorized. There were 3,800,000 shares of common stock issued and outstanding as of August 31, 2020. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Aug. 31, 2020 | |
COMMITMENTS AND CONTINGENCIES | |
- COMMITMENTS AND CONTINGENCIES | Note 6 – COMMITMENTS AND CONTINGENCIES Benson Wu, our sole officer and director, has agreed to provide the premises under the office needs for free use. Office location is at Unit 17-18, 23/F, Metropole Square, 2 On Yiu Street, Sha Tin, New Territories, Hong Kong. |
INCOME TAXES
INCOME TAXES | 9 Months Ended |
Aug. 31, 2020 | |
INCOME TAXES | |
- INCOME TAXES | Note 7 – INCOME TAXES The Company adopted the provisions of uncertain tax positions as addressed in ASC 740-10-65-1. As a result of the implementation of ASC 740-10-65-1, the Company recognized no increase in the liability for unrecognized tax benefits. As of August 31, 2020 the Company had net operating loss carry forwards of $29,998. Deferred tax asset is not provided for as the tax losses may not be able to carry forward after a change in substantial ownership of the Company in June 2020. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. The valuation allowance at August 31, 2020 was approximately $6,300. The net change in valuation allowance during the nine months ended August 31, 2020 was $4,589. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on consideration of these items, management has determined that enough uncertainty exists relative to the realization of the deferred income tax asset balances to warrant the application of a full valuation allowance as of August 31, 2020. All tax years since inception remains open for examination by taxing authorities. The provision for Federal income tax consists of the following: As of August 31, 2020 As of November 30, 2019 Non-current deferred tax assets: Net operating loss carry forward $ (6,300 ) (10,889 ) Valuation allowance $ 6,300 10,889 Net deferred tax assets $ - - The actual tax benefit at the expected rate of 21% differs from the expected tax benefit for the nine months ended August 31, 2020 and 2019 as follows: Nine months ended August 31, 2020 Nine months ended August 31, 2019 Computed “expected” tax expense (benefit) $ 4,589 (6,309 ) Change in valuation allowance $ (4,589 ) 6,309 Actual tax expense (benefit) $ - - |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Aug. 31, 2020 | |
SUBSEQUENT EVENTS | |
- SUBSEQUENT EVENTS | Note 8 – SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) the Company has analyzed its operations subsequent to August 31, 2020 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements. Director and management stay informed about COVID-19 developments generally and ensure it has access to information related to a company’s response to the crisis and how the specific impact on the company is developing as the crisis extends. |
SUMMARY OF SIGNIFCANT ACCOUNT_2
SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Aug. 31, 2020 | |
SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | |
Basis of presentation | The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company’s year end is November 30. The results for the nine months ended August 31, 2020 are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the condensed financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended November 30, 2019, filed with the Securities and Exchange Commission. |
Use of Estimates | The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Cash and Cash Equivalents | The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $0 of cash as of August 31, 2020 and $5,101 as of November 30, 2019. |
Depreciation, Amortization, and Capitalization | The Company records depreciation and amortization when appropriate using straight-line balance method over the estimated useful life of the assets. We estimate that the useful life of sport equipment is five years. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property's useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income. |
Income Taxes | Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. |
Fair Value of Financial Instruments | AS topic 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of cash and the Company’s loan from shareholder approximates its fair value due to their short-term maturity. |
Basic Income (Loss) Per Share | The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of August 31, 2020 and November 30, 2019 there were no potentially dilutive debt or equity instruments issued or outstanding. |
Revenue Recognition | The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. Specifically, Section 606-10-50 requires an entity to provide information about: a. Revenue recognized from contracts with customers, including the disaggregation of revenue into appropriate categories; b. Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities; c. Performance obligations, including when the entity typically satisfies its performance obligations and the transaction price that is allocated to the remaining performance obligations in a contract; d. Significant judgments, and changes in judgments, made in applying the requirements to those contracts. For the nine months ended August 31, 2020 the Company has generated no revenue. |
Stock-Based Compensation | Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations. |
Recent Accounting Pronouncements | We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 9 Months Ended |
Aug. 31, 2020 | |
INCOME TAXES (Tables) | |
Schedule of provision for Federal income tax | As of August 31, 2020 As of November 30, 2019 Non-current deferred tax assets: Net operating loss carry forward $ (6,300 ) (10,889 ) Valuation allowance $ 6,300 10,889 Net deferred tax assets $ - - |
Schedule of income tax benefit | Nine months ended August 31, 2020 Nine months ended August 31, 2019 Computed “expected” tax expense (benefit) $ 4,589 (6,309 ) Change in valuation allowance $ (4,589 ) 6,309 Actual tax expense (benefit) $ - - |
ORGANIZATION AND NATURE OF BU_2
ORGANIZATION AND NATURE OF BUSINESS (Details Narrative) - Stock Purchase Agreement [Member] - Mr. Benson Wu [Member] | 1 Months Ended |
Jun. 26, 2020shares | |
Business acqusition, shares acquired | 3,000,000 |
Shares ownership percentage | 78.90% |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | Aug. 31, 2020 | Nov. 30, 2019 |
ORGANIZATION AND NATURE OF BUSINESS (Details Narrative) | ||
Accumulated deficit | $ (29,998) | $ (51,854) |
SUMMARY OF SIGNIFCANT ACCOUNT_3
SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | Aug. 31, 2020 | Nov. 30, 2019 | Aug. 31, 2019 | Nov. 30, 2018 |
SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | ||||
Cash | $ 0 | $ 5,101 | $ 14,142 | $ 33,388 |
LOAN FROM DIRECTOR (Details Nar
LOAN FROM DIRECTOR (Details Narrative) - USD ($) | Aug. 31, 2020 | Nov. 30, 2019 |
Director [Member] | ||
Due to related parties | $ 0 | $ 29,955 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - $ / shares | Aug. 31, 2020 | Nov. 30, 2019 |
COMMON STOCK | ||
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares issued | 3,800,000 | 3,800,000 |
Common stock, shares outstanding | 3,800,000 | 3,800,000 |
INCOME TAXES (Details 1)
INCOME TAXES (Details 1) - USD ($) | Aug. 31, 2020 | Nov. 30, 2019 |
Non-current deferred tax assets: | ||
Net operating loss carry forward | $ (6,300) | $ (10,889) |
Valuation allowance | 6,300 | 10,889 |
Net deferred tax assets | $ 0 | $ 0 |
INCOME TAXES (Details 2)
INCOME TAXES (Details 2) - USD ($) | 9 Months Ended | |
Aug. 31, 2020 | Aug. 31, 2019 | |
INCOME TAXES (Details 2) | ||
Computed "expected" tax expense (benefit) | $ 4,589 | $ (6,309) |
Change in valuation allowance | (4,589) | 6,309 |
Actual tax expense (benefit) | $ 0 | $ 0 |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) - USD ($) | 9 Months Ended | ||
Aug. 31, 2020 | Aug. 31, 2019 | Nov. 30, 2019 | |
INCOME TAXES (Details Narrative) | |||
Net operating loss carry forwards | $ (29,998) | ||
Valuation allowance | 6,300 | $ 10,889 | |
Change in valuation allowance | $ (4,589) | $ 6,309 |