Document and Entity Information
| Document and Entity Information - shares | 3 Months Ended | |
| Nov. 30, 2019 | Dec. 20, 2019 | |
| Document and Entity Information [Abstract] | ||
| Document Type | 10-Q | |
| Amendment Flag | false | |
| Document Period End Date | Nov. 30, 2019 | |
| Document Fiscal Year Focus | 2020 | |
| Document Fiscal Period Focus | Q1 | |
| Entity Registrant Name | UNEX HOLDINGS INC. | |
| Entity Central Index Key | 0001700844 | |
| Current Fiscal Year End Date | --08-31 | |
| Entity Filer Category | Non-accelerated Filer | |
| Entity Common Stock, Shares Outstanding | 3,035,000 | |
| Entity Current Reporting Status | Yes | |
| Entity Interactive Data Current | Yes | |
| Entity Shell Company | false | |
| Entity Small Business | true | |
| Entity Emerging Growth Company | true | |
| Entity Ex Transition Period | false |
BALANCE SHEETS (Unaudited)
| BALANCE SHEETS (Unaudited) - USD ($) | Nov. 30, 2019 | Aug. 31, 2019 |
| Current Assets | ||
| Cash | $ 14,469 | $ 15,740 |
| Subscription receivable | 0 | 1,800 |
| Total current assets | 14,469 | 17,540 |
| Non-Current assets | ||
| Equipment net of depreciation | 581 | 660 |
| Total non-current assets | 581 | 660 |
| Total Assets | 15,050 | 18,200 |
| Current Liabilities | ||
| Loan from related parties | 9,217 | 9,217 |
| Total current liabilities | 9,217 | 9,217 |
| Total Liabilities | $ 9,217 | $ 9,217 |
| Stockholders' Equity | ||
| Common stock, $0.001 par value, 75,000,000 shares authorized; 3,035,000 shares issued and outstanding (2,970,000 shares issued and outstanding as of August 31, 2019) | 3,035 | 2,970 |
| Additional Paid-In-Capital | $ 24,615 | $ 22,730 |
| Accumulated Deficit | (21,817) | (16,717) |
| Total Stockholders' Equity | 5,833 | 8,983 |
| Total Liabilities and Stockholders' Equity | $ 15,050 | $ 18,200 |
BALANCE SHEETS (Unaudited) (Par
| BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) | Nov. 30, 2019 | Aug. 31, 2019 |
| Statement of Financial Position [Abstract] | ||
| Common stock par value | $ 0.001 | $ 0.001 |
| Common stock shares authorized | 75,000,000 | 75,000,000 |
| Common stock shares issued and outstanding | 3,035,000 | 2,970,000 |
STATEMENTS OF OPERATIONS (Unaud
| STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | |
| Nov. 30, 2019 | Nov. 30, 2018 | |
| Operating expenses | ||
| General and administrative expenses | $ 5,100 | $ 6,590 |
| Loss before provision for income taxes | (5,100) | (6,590) |
| Provision for income taxes | 0 | 0 |
| Net loss | $ (5,100) | $ (6,590) |
| Loss per common share: Basic and Diluted | $ 0 | $ 0 |
| Weighted Average Number of Common Shares Outstanding: Basic and Diluted | 3,028,901 | 2,270,000 |
STATEMENT OF CHANGES IN STOCKHO
| STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY - USD ($) | Total | Number of Common Shares | Additional Paid-in-Capital | Deficit accumulated |
| Balance at Aug. 31, 2018 | $ 3,686 | $ 2,270 | $ 2,430 | $ (1,014) |
| Balance (in shares) at Aug. 31, 2018 | 2,270,000 | |||
| Net loss | (6,590) | (6,590) | ||
| Balance at Nov. 30, 2018 | (2,904) | $ 2,270 | 2,430 | (7,604) |
| Balance (in shares) at Nov. 30, 2018 | 2,270,000 | |||
| Balance at Aug. 31, 2019 | $ 8,983 | $ 2,970 | $ 22,730 | (16,717) |
| Balance (in shares) at Aug. 31, 2019 | 2,970,000 | |||
| Shares issued at $0.03 | 1,950 | 65 | 1,885 | |
| Shares issued at $0.03 (in shares) | $ 65,000 | |||
| Net loss | $ (5,100) | (5,100) | ||
| Balance at Nov. 30, 2019 | $ 5,833 | $ 3,035 | $ 24,615 | $ (21,817) |
| Balance (in shares) at Nov. 30, 2019 | 30,355,000 |
STATEMENT OF CHANGES IN STOCK_2
| STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY (Parenthetical) | Nov. 30, 2019$ / shares |
| Statement of Stockholders' Equity [Abstract] | |
| Shares issued at $0.03 | $ 0.03 |
STATEMENTS OF CASH FLOWS (Unaud
| STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 3 Months Ended | |
| Nov. 30, 2019 | Nov. 30, 2018 | |
| Cash flows from Operating Activities | ||
| Net loss | $ (5,100) | $ (6,590) |
| Amortization expenses | 79 | 53 |
| Subscription Receivable | 1,800 | 0 |
| Net cash used in operating activities | (3,221) | (6,537) |
| Cash flow from Investing Activities | ||
| Purchase of equipment | 0 | (950) |
| Net cash used by investing activities | 0 | (950) |
| Cash flow from financing Activities | ||
| Proceeds from sale of common stock | 1,950 | 0 |
| Net cash provided financing activities | 1,950 | 0 |
| Net increase (decrease) in cash and equivalents | (1,271) | (7,487) |
| Cash at beginning of the period | 15,740 | 12,903 |
| Cash at end of the period | 14,469 | 5,416 |
| Cash paid for: | ||
| Interest | 0 | 0 |
| Taxes | $ 0 | $ 0 |
- ORGANIZATION AND BUSINESS
| - ORGANIZATION AND BUSINESS | 3 Months Ended |
| Nov. 30, 2019 | |
| - ORGANIZATION AND BUSINESS [Abstract] | |
| - ORGANIZATION AND BUSINESS | NOTE 1 - ORGANIZATION AND BUSINESS UNEX HOLDINGS INC. (the “Company”) is a corporation established under the corporation laws in the State of Nevada on February 17, 2017 . The Company has adopted August 31 fiscal year end. The Company is a development stage company and intends to provide geodesy services. |
- GOING CONCERN
| - GOING CONCERN | 3 Months Ended |
| Nov. 30, 2019 | |
| - GOING CONCERN [Abstract] | |
| - GOING CONCERN | NOTE 2 - GOING CONCERN The Company's financial statements as of November 30, 2019, is prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company has accumulated loss from inception (February 17, 2017) to November 30, 2019 of $21,817. These factors among others raise substantial doubt about the ability of the company to continue as a going concern for a reasonable period of time. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
- SUMMARY OF SIGNIFICANT ACCOUN
| - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
| Nov. 30, 2019 | |
| - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] | |
| - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Interim financial statements (November 30, 2019 (unaudited)) and basis of presentation The accompanying unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) set forth in Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These financial statements should be read along with the financial statements of the Company for the period ended August 31, 2019 and notes thereto contained in the Company's Form 10-K. Use of Estimates Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management's estimates and assumptions. 8 | Page Advertising Costs The Company's policy regarding advertising is to expense advertising when incurred. The Company did not incur advertising expense during period ended November 30, 2019. Stock-Based Compensation As of November 30, 2019, the Company has not issued any stock-based payments to its employees. Stock-based compensation is accounted for at fair value in accordance with ASC 718, when applicable. To date, the Company has not adopted a stock option plan and has not granted any stock options. Income Taxes The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). A valuation allowance related to a deferred tax asset is recorded when it is more likely than not that some portion of the deferred tax asset will not be realized. The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Property and Equipment Depreciation Policy Property and equipment are stated at cost and depreciated on the straight-line method over the estimated life of the asset, which is 3 years New Accounting Pronouncements There were various accounting standards and interpretations issued recently, none of which are expected to a have a material impact on our financial position, operations or cash flows. Start-Up Costs In accordance with ASC 824, “Start-up Costs”, the company expenses all costs incurred in connection with the start-up and organization of the company. Fair Value Measurements The company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures”, which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash and cash equivalents are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 - quoted prices in active markets for identical assets or liabilities Level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 - inputs that are unobservable (for example cash flow modeling inputs based on assumptions) The company has no assets or liabilities valued at fair value on a recurring basis. 9 | Page Subsequent Events The Company has evaluated all events that occurred after the balance sheet date of November 30, 2019 through the date these financial statements were issued, and did not have any material recognizable subsequent events after November 30, 2019 . |
- FIXED ASSETS
| - FIXED ASSETS | 3 Months Ended |
| Nov. 30, 2019 | |
| - FIXED ASSETS [Abstract] | |
| - FIXED ASSETS | NOTE 4 - FIXED ASSETS On September 24, 2018, the company purchased computer for $950. The Company depreciates this asset over a period of thirty-three (36) months which has been deemed its useful life. For the three months ended November 30, 2019 and 2018 we recognized $53 and $79 in depreciation expense, respectively. |
- STOCKHOLDERS EQUITY
| - STOCKHOLDERS EQUITY | 3 Months Ended |
| Nov. 30, 2019 | |
| - STOCKHOLDERS EQUITY [Abstract] | |
| - STOCKHOLDERS EQUITY | NOTE 5 - STOCKHOLDERS EQUITY The Company has 75,000,000 shares of common stock authorized with a par value of $0.001 per share. For the three-month period ended November 30, 2019, the Company issued 65,000 at $0.03 per share for the total proceeds of $1,950 As of November 30, 2019, the Company had 3,035,000 shares issued and outstanding. |
- RELATED PARTY TRANSACTIONS
| - RELATED PARTY TRANSACTIONS | 3 Months Ended |
| Nov. 30, 2019 | |
| - RELATED PARTY TRANSACTIONS [Abstract] | |
| - RELATED PARTY TRANSACTIONS | NOTE 6 - RELATED PARTY TRANSACTIONS In support of the Company's efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. Since February 17, 2017 (Inception) through November 30, 2019, the Company's sole officer and director loaned the Company $9,217 to pay for incorporation costs and operating expenses. The loan is non-interest bearing, due upon demand and unsecured. 10 | Page |
Significant Accounting Policies
| Significant Accounting Policies (Policies) | 3 Months Ended |
| Nov. 30, 2019 | |
| Significant Accounting Policies (Policies) [Abstract] | |
| Interim financial statements (November 30, 2019 (unaudited)) and basis of presentation | Interim financial statements (November 30, 2019 (unaudited)) and basis of presentation The accompanying unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) set forth in Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These financial statements should be read along with the financial statements of the Company for the period ended August 31, 2019 and notes thereto contained in the Company's Form 10-K. |
| Use of Estimates | Use of Estimates Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management's estimates and assumptions. 8 | Page |
| Advertising Costs | Advertising Costs The Company's policy regarding advertising is to expense advertising when incurred. The Company did not incur advertising expense during period ended November 30, 2019. |
| Stock-Based Compensation | Stock-Based Compensation As of November 30, 2019, the Company has not issued any stock-based payments to its employees. Stock-based compensation is accounted for at fair value in accordance with ASC 718, when applicable. To date, the Company has not adopted a stock option plan and has not granted any stock options. |
| Income Taxes | Income Taxes The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). A valuation allowance related to a deferred tax asset is recorded when it is more likely than not that some portion of the deferred tax asset will not be realized. The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. |
| Property and Equipment Depreciation Policy | Property and Equipment Depreciation Policy Property and equipment are stated at cost and depreciated on the straight-line method over the estimated life of the asset, which is 3 years |
| New Accounting Pronouncements | New Accounting Pronouncements There were various accounting standards and interpretations issued recently, none of which are expected to a have a material impact on our financial position, operations or cash flows. |
| Start-Up Costs | Start-Up Costs In accordance with ASC 824, “Start-up Costs”, the company expenses all costs incurred in connection with the start-up and organization of the company. |
| Fair Value Measurements | Fair Value Measurements The company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures”, which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash and cash equivalents are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 - quoted prices in active markets for identical assets or liabilities Level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 - inputs that are unobservable (for example cash flow modeling inputs based on assumptions) The company has no assets or liabilities valued at fair value on a recurring basis. 9 | Page |
| Subsequent Events | Subsequent Events The Company has evaluated all events that occurred after the balance sheet date of November 30, 2019 through the date these financial statements were issued, and did not have any material recognizable subsequent events after November 30, 2019 . |
- GOING CONCERN (Details Text)
| - GOING CONCERN (Details Text) | 33 Months Ended |
| Nov. 30, 2019USD ($) | |
| Going Concern Details [Abstract] | |
| The Company has accumulated loss from inception (February 17, 2017) to November 30, 2019 of $21,817 | $ 21,817 |
- SUMMARY OF SIGNIFICANT ACCO_2
| - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Text) | 3 Months Ended |
| Nov. 30, 2019 | |
| Summary Of Significant Accounting Policies Details [Abstract] | |
| Property and equipment are stated at cost and depreciated on the straight-line method over the estimated life of the asset, which is 3 years | 3 |
- FIXED ASSETS (Details Text)
| - FIXED ASSETS (Details Text) - USD ($) | 3 Months Ended | ||
| Nov. 30, 2019 | Nov. 30, 2018 | Sep. 24, 2018 | |
| Increase (Decrease) in Operating Assets [Abstract] | |||
| On September 24, 2018, the company purchased computer for $950 | $ 950 | ||
| For the three months ended November 30, 2019 and 2018 we recognized $53 and $79 in depreciation expense, respectively. | $ 53 | $ 79 | |
- STOCKHOLDERS EQUITY (Details
| - STOCKHOLDERS EQUITY (Details Text) | Nov. 30, 2019USD ($)shares |
| Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract] | |
| For the three-month period ended November 30, 2019, the Company issued 65,000 at $0.03 per share for the total proceeds of $1,950 | shares | 1,950 |
| As of November 30, 2019, the Company had 3,035,000 shares issued and outstanding. | $ | $ 3,035,000 |
- RELATED PARTY TRANSACTIONS (D
| - RELATED PARTY TRANSACTIONS (Details Text) | 33 Months Ended |
| Nov. 30, 2019 | |
| Related Party Transaction, Due from (to) Related Party, Current [Abstract] | |
| Since February 17, 2017 (Inception) through November 30, 2019, the Company's sole officer and director loaned the Company $9,217 to pay for incorporation costs and operating expenses | 9217 |