EvoAir (EVOH) 10-Q 27 Mar 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Feb. 29, 2020	Mar. 26, 2020
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Feb. 29, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
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		2,970,000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	true
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false

BALANCE SHEETS (Unaudited)

BALANCE SHEETS (Unaudited) - USD ($)	Feb. 29, 2020	Aug. 31, 2019
Current Assets
Cash	$ 10,760	$ 15,740
Subscription receivable	0	1,800
Total current assets	10,760	17,540
Non-Current assets
Equipment net of depreciation	502	660
Total non-current assets	502	660
Total Assets	11,262	18,200
Current Liabilities
Loan from related parties	$ 9,217	$ 9,217
Stock refund payable	$ 1,950	$ 0
Accounts Payable	$ 780	$ 0
Total current liabilities	11,947	9,217
Total Liabilities	$ 11,947	$ 9,217
Stockholders' Equity
Common stock, $0.001 par value, 75,000,000 shares authorized; 2,970,000 shares issued and outstanding (2,970,000 shares issued and outstanding as of August 31, 2019)	2,970	2,970
Additional Paid-In-Capital	$ 22,730	$ 22,730
Accumulated Deficit	(26,385)	(16,717)
Total Stockholders' Equity	(685)	8,983
Total Liabilities and Stockholders' Equity	$ 11,262	$ 18,200

BALANCE SHEETS (Unaudited) (Par

BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Feb. 29, 2020	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	2,970,000	2,970,000

STATEMENTS OF OPERATIONS (Unaud

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Operating expenses
General and administrative expenses	$ 4,568	$ 4,589	$ 9,668	$ 11,179
Loss before provision for income taxes	(4,568)	(4,589)	(9,668)	(11,179)
Provision for income taxes	0	0	0	0
Net loss	$ (4,568)	$ (4,589)	$ (9,668)	$ (11,179)
Loss per common share: Basic and Diluted	$ 0	$ 0	$ 0	$ 0
Weighted Average Number of Common Shares Outstanding: Basic and Diluted	3,005,330	2,273,555	3,017,115	2,271,767

STATEMENT OF CHANGES IN STOCKHO

STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY (Unaudited) - USD ($)	Total	Number of Common Shares	Additional Paid-in-Capital	Deficit accumulated
Balance at Aug. 31, 2018	$ 3,685	$ 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
Net loss	(4,589)			(4,589)
Balance at Feb. 28, 2019	(7,493)	$ 2,270	2,430	(12,193)
Balance (in shares) at Feb. 28, 2019		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		3,035,000
Net loss	(4,568)			(4,568)
Balance at Feb. 29, 2020	(685)	$ 2,970	22,730	$ (26,385)
Balance (in shares) at Feb. 29, 2020		2,970,000
Common Shares canceled	$ (1,950)	$ (65)	$ (1,885)
Common Shares canceled (in shares)		$ (65,000)

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	6 Months Ended
	Feb. 28, 2019	Feb. 29, 2020
Cash flows from Operating Activities
Net loss	$ (11,179)	$ (9,668)
Amortization expenses	132	158
Subscription Receivable	0	1,800
Increase in Accounts payable	500	780
Net cash used in operating activities	(10,547)	(6,930)
Cash flow from Investing Activities
Purchase of equipment	(950)	0
Net cash used by investing activities	(950)	0
Cash flow from financing Activities
Proceeds from sale of common stock	1,800	1,950
Net cash provided financing activities	1,800	1,950
Net increase (decrease) in cash and equivalents	(9,697)	(4,980)
Cash at beginning of the period	12,903	15,740
Cash at end of the period	3,206	10,760
Cash paid for:
Interest	0	0
Taxes	0	0
Supplemental disclosure of non-cash investing and financing information:
Repurchase of common stock for refund payable	$ 0	$ 1,950

- ORGANIZATION AND BUSINESS

- ORGANIZATION AND BUSINESS	6 Months Ended
	Feb. 29, 2020
- 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	6 Months Ended
	Feb. 29, 2020
- GOING CONCERN [Abstract]
- GOING CONCERN	NOTE 2 - GOING CONCERN The Company's financial statements as of February 29, 2020, 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 February 29, 2020 of $26,385. 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	6 Months Ended
	Feb. 29, 2020
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Interim financial statements (February 29, 2020 (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. Advertising Costs The Company's policy regarding advertising is to expense advertising when incurred. The Company did not incur advertising expense during period ended February 29, 2020. Stock-Based Compensation As of February 29, 2020, 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. Subsequent Events The Company has evaluated all events that occurred after the balance sheet date of February 29, 2020 through the date these financial statements were issued, and did not have any material recognizable subsequent events after February 29, 2020 .

- FIXED ASSETS

- FIXED ASSETS	6 Months Ended
	Feb. 29, 2020
- 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.

- STOCKHOLDERS EQUITY

- STOCKHOLDERS EQUITY	6 Months Ended
	Feb. 29, 2020
- 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 common stock at $0.03 per share for the total proceeds of $1,950. For the three-month period ended February 29, 2020, the Company canceled 65,000 of its common stock and accrued a stock refund payable of $1,950. As of February 29, 2020, the Company had 2,970,000 shares issued and outstanding.

- RELATED PARTY TRANSACTIONS

- RELATED PARTY TRANSACTIONS	6 Months Ended
	Feb. 29, 2020
- 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 February 29, 2020, 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.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Feb. 29, 2020
Significant Accounting Policies (Policies) [Abstract]
Interim financial statements (February 29, 2020 (unaudited)) and basis of presentation	Interim financial statements (February 29, 2020 (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.
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 February 29, 2020.
Stock-Based Compensation	Stock-Based Compensation As of February 29, 2020, 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.
Subsequent Events	Subsequent Events The Company has evaluated all events that occurred after the balance sheet date of February 29, 2020 through the date these financial statements were issued, and did not have any material recognizable subsequent events after February 29, 2020 .

- GOING CONCERN (Details Text)

- GOING CONCERN (Details Text)	36 Months Ended
	Feb. 29, 2020USD ($)
Going Concern Details [Abstract]
The Company has accumulated loss from inception (February 17, 2017) to February 29, 2020 of $26,385	$ 26,385

- SUMMARY OF SIGNIFICANT ACCO_2

- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Text)	6 Months Ended
	Feb. 29, 2020
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)	Sep. 24, 2018USD ($)
Increase (Decrease) in Operating Assets [Abstract]
On September 24, 2018, the company purchased computer for $950	$ 950

- STOCKHOLDERS EQUITY (Details

- STOCKHOLDERS EQUITY (Details Text)	Feb. 29, 2020USD ($)shares
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
For the three-month period ended February 29, 2020, the Company canceled 65,000 of its common stock and accrued a stock refund payable of $1,950. | $	$ 1,950
As of February 29, 2020, the Company had 2,970,000 shares issued and outstanding. | shares	2,970,000

- RELATED PARTY TRANSACTIONS (D

- RELATED PARTY TRANSACTIONS (Details Text)	36 Months Ended
	Feb. 29, 2020
Related Party Transaction, Due from (to) Related Party, Current [Abstract]
Since February 17, 2017 (Inception) through February 29, 2020, the Company's sole officer and director loaned the Company $9,217 to pay for incorporation costs and operating expenses	9217