Treasure & Shipwreck Recovery (BLIS) 10-Q 18 Mar 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jan. 31, 2020	Mar. 18, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 31, 2020
Current Fiscal Year End Date	--04-30
Entity File Number	333-219700
Entity Registrant Name	Treasure & Shipwreck Recovery, Inc.
Entity Central Index Key	0001703625
Entity Tax Identification Number	37-1844836
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	13046 Racetrack Road
Entity Address, Address Line Two	#234 Tampa
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33626
City Area Code	813
Local Phone Number	504-7831
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,159,577
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2020

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jan. 31, 2020	Apr. 30, 2019
Current Assets
Cash	$ 60,963	$ 0
Prepaid expenses	3,000
Total Current Assets	63,963	0
Fixed Assets
Equipment and furniture, net	54,336
Total Fixed Assets	54,336
Total Assets	118,299	0
Current Liabilities
Accounts Payable		1,899
Customer Deposits	8,700	8,700
Short Term Loans	16,763	16,763
Related Party Loan	56,390	17,790
Total Current Liabilities	81,853	45,152
Total Liabilities	81,853	45,152
Commitments and Contingencies		0
Stockholder's Equity
Common stock, par value $0.001; 75,000,000 shares authorized, 8,159,577 and 5,035,000 shares issued and outstanding.	8,160	5,035
Additional paid in capital	388,290	38,665
Accumulated deficit	(360,004)	(88,852)
Total Stockholder's Equity	36,446	(45,152)
Total Liabilities and Stockholder's Equity	$ 118,299	$ 0

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jan. 31, 2020	Apr. 30, 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	8,159,577	5,035,000
Common Stock, Shares Outstanding	8,159,577	5,035,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Income Statement [Abstract]
REVENUES				$ 14,150
Cost of Revenues
Gross Profit				14,150
OPERATING EXPENSES
Boat Expenses	56,038		107,664
Labor	10,417		41,667
Professional Fees	62,716		84,367
Accounting and Audit Fees	2,000		15,300
General and Administrative Expenses	14,061	11,136	16,100	25,737
Depreciation	3,632	1,189	6,054	3,566
TOTAL OPERATING EXPENSES	148,864	11,136	271,152	25,737
NET LOSS FROM OPERATIONS	(148,864)	(11,136)	(271,152)	(11,587)
PROVISION FOR INCOME TAXES
NET LOSS	$ (148,864)	$ (11,136)	$ (271,152)	$ (11,587)
NET LOSS PER SHARE: BASIC AND DILUTED	$ (0.02)	$ 0	$ (0.05)	$ 0
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	6,388,437	5,035,000	5,572,467	5,035,000

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKERS' DEFICIT (Unaudited) - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance at Apr. 30, 2018	$ 5,035	$ 38,665	$ (40,270)	$ 3,430
Beginning Balance, Shares at Apr. 30, 2018	5,035,000
Net (Loss) for the period			145	145
Ending Balance at Jul. 31, 2018	$ 5,035	38,665	(40,125)	3,575
Ending Balance, Shares at Jul. 31, 2018	5,035,000
Beginning Balance at Apr. 30, 2018	$ 5,035	38,665	(40,270)	3,430
Beginning Balance, Shares at Apr. 30, 2018	5,035,000
Net (Loss) for the period				(11,587)
Ending Balance at Jan. 31, 2019	$ 5,035	38,665	(51,857)	(8,157)
Ending Balance, Shares at Jan. 31, 2019	5,035,000
Beginning Balance at Jul. 31, 2018	$ 5,035	38,665	(40,125)	3,575
Beginning Balance, Shares at Jul. 31, 2018	5,035,000
Net (Loss) for the period			(596)	(596)
Ending Balance at Oct. 31, 2018	$ 5,035	38,665	(40,721)	2,979
Ending Balance, Shares at Oct. 31, 2018	5,035,000
Net (Loss) for the period			(11,136)	(11,136)
Ending Balance at Jan. 31, 2019	$ 5,035	38,665	(51,857)	(8,157)
Ending Balance, Shares at Jan. 31, 2019	5,035,000
Beginning Balance at Apr. 30, 2019	$ 5,035	38,665	(88,852)	(45,152)
Beginning Balance, Shares at Apr. 30, 2019	5,035,000
Net (Loss) for the period			(2,500)	(2,500)
Ending Balance at Jul. 31, 2019	$ 5,035	38,665	(91,352)	(47,652)
Ending Balance, Shares at Jul. 31, 2019	5,035,000
Beginning Balance at Apr. 30, 2019	$ 5,035	38,665	(88,852)	(45,152)
Beginning Balance, Shares at Apr. 30, 2019	5,035,000
Net (Loss) for the period				(271,152)
Ending Balance at Jan. 31, 2020	$ 8,160	388,290	(360,004)	36,446
Ending Balance, Shares at Jan. 31, 2020	8,159,577
Beginning Balance at Jul. 31, 2019	$ 5,035	38,665	(91,352)	(47,652)
Beginning Balance, Shares at Jul. 31, 2019	5,035,000
Sale of Stock	$ 456	148,044		148,500
Sale of Stock, Shares	456,002
Net (Loss) for the period			(119,788)	(119,788)
Ending Balance at Oct. 31, 2019	$ 5,491	186,709	(211,140)	(18,940)
Ending Balance, Shares at Oct. 31, 2019	5,491,002
Sale of Stock	$ 2,669	201,581		204,250
Sale of Stock, Shares	2,668,575
Net (Loss) for the period			(148,864)	(148,864)
Ending Balance at Jan. 31, 2020	$ 8,160	$ 388,290	$ (360,004)	$ 36,446
Ending Balance, Shares at Jan. 31, 2020	8,159,577

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (271,152)	$ (11,587)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	6,054	3,566
Changes in operating assets and liabilities:
Changes in Prepaid Expenses	(3,000)	950
Changes in Accounts Payable	(1,899)	(7,740)
Changes in Customer Deposits		1,700
CASH FLOWS USED IN OPERATING ACTIVITIES	(269,997)	(13,111)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of Equipment	(60,390)
CASH FLOWS FROM INVESTING ACTIVITIES	(60,390)
CASH FLOWS FROM FINANCING ACTIVITIES
Sale of Stock	352,750
Proceeds from Related Party Loans	38,600	6,200
CASH FLOWS FROM FINANCING ACTIVITIES	391,350	6,200
NET INCREASE (DECREASE) IN CASH	60,963	(6,911)
Cash, beginning of period	0	7,257
Cash, end of period	60,963	346
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid
Income taxes paid

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS	9 Months Ended
	Jan. 31, 2020
Accounting Policies [Abstract]
ORGANIZATION AND NATURE OF BUSINESS	NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS Treasure & Shipwreck Recovery, Inc. was incorporated in the State of Nevada on October 24, 2016 as Beliss Corp. The Company changed its name to Treasure & Shipwreck Recovery Corp. on June 26, 2019. The Company’s primary business strategy is to focus on opportunities in the sunken treasure industry. The Company was originally focused on the development of high impact internet marketing, search engine optimization (“SEO”) software and techniques, and the development of digital properties (collectively “Internet Marketing”). The Company has shifted its focus to the sunken treasure industry, however it is maintaining its Internet marketing business in order to fulfill any obligations to previous customers who made deposits or in the event that any substantial new opportunities should arise, which Management views as unlikely. Moreover, the Company does not anticipate generating any significant revenues from the Internet marketing business for the foreseeable future. Our general business strategy is to be actively engaged in the sunken treasure industry, researching, surveying, finding and recovering artifacts, treasure or other items of value from valuable historical shipwrecks from the 15th century to the present day. We will attempt to work with both Companies and individuals who are experts in the field of the historic shipwreck exploration and recovery. We also intend to secure the rights for treasure salvage through courts and other means. Furthermore, we will contract with outside service providers to conduct salvage operations.

GOING CONCERN

GOING CONCERN	9 Months Ended
	Jan. 31, 2020
Going Concern
GOING CONCERN	NOTE 2 – GOING CONCERN These condensed consolidated financial statements have been prepared on a going concern basis, which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred net losses since inception, which raises substantial doubt about the Company’s ability to continue as a going concern. Based on its historical rate of expenditures, the Company expects to expend its available cash in less than one month from , 20 . Management’s plans include raising capital through the equity markets to fund operations and, eventually, the generation of revenue through its business. The Company does not expect to generate any significant revenues for the foreseeable future. At 31, 20 , the Company had a net working capital deficit of $ 0. The Company is in immediate need of further working capital and is seeking options, with respect to financing, in the form of debt, equity or a combination thereof. Failure to raise adequate capital and generate adequate revenues could result in the Company having to curtail or cease operations. The Company’s ability to raise additional capital through the future issuances of the common stock is unknown. Additionally, even if the Company does raise sufficient capital to support its operating expenses and generate adequate revenues, there can be no assurances that the revenue will be sufficient to enable it to develop to a level where it will generate profits and cash flows from operations. These matters raise substantial doubt about the Company’s ability to continue as a going concern; however, the accompanying condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. These condensed consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classifications of the liabilities that might be necessary should the Company be unable to continue as a going concern.

SIGNIFCANT ACCOUNTING POLICIES

SIGNIFCANT ACCOUNTING POLICIES	9 Months Ended
	Jan. 31, 2020
Accounting Policies [Abstract]
SIGNIFCANT ACCOUNTING POLICIES	NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation Management acknowledges its responsibility for the preparation of the accompanying interim financial statements which reflect all adjustments, consisting of normal recurring adjustments, considered necessary in its opinion for a fair statement of its financial position and the results of its operations for the interim period presented. These condensed cons olidated financial statements should be read in conjunction with the summary of significant accounting policies and notes to financial statements included in the Company’s Form 10-K annual report for the year ended April 30, 2019. The results of the three and nine months ended January 31, 20 20 are not necessarily indicative of the results to be expected for the full fiscal year ending April 30, 2020. Principles of Consolidation The consolidated financial statements of the Company include the accounts of the TSR Holdings, Inc. which is a wholly owned subsidiary. Intercompany accounts and transactions have been eliminated in consolidation. 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 $ 60,963 of cash as of January 31, 20 20 and $0 as of April 30, 2019. Customer Deposits Customer Deposits discloses an amount paid by a customer prior to the company providing it with goods or services. The Company has an obligation to provide the goods or services to the customer or to return the money. The Company had $8,700 in customer deposits as of January 31, 20 20 and April 30, 2019. Property and Equipment Property and equipment are recorded at cost. Fixed assets are recorded at historical cost. Depreciation is computed on the straight-line method over the estimated useful lives of the respective assets. Gains and losses upon disposition are reflected in the statements of operations in the period of disposition. Maintenance and repair expenditures are charged to expense as incurred. Currently the Company’s only assets are a diving vessel and a magnetometer which were both purchased in fiscal year 2020 and are being depreciated over ten and three year useful lives, respectively. Fair Value of Financial Instruments The carrying amounts of financial assets and liabilities, such as cash, accounts payable, short term loans, and the Company’s related party loan from a shareholder approximate their fair values because of the short maturity of these instruments. Impairment of Long-Lived Assets In accordance with Accounting Standards Codification (ASC) 360-10, the Company, on a regular basis, reviews the carrying amount of long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment. The Company determines if the carrying amount of a long-lived asset is impaired based on anticipated undiscounted cash flows, before interest, from the use of the asset. In the event of impairment, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the asset. Fair value is determined based on appraised value of the assets or the anticipated cash flows from the use of the asset, discounted at a rate commensurate with the risk involved. There were no impairment charges recorded during the nine months ended January 31, 2020 and 2019. 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. Revenue Recognition Effective May 1, 2018, the Company adopted the guidance of ASC 606, Revenue from contracts with customers The new revenue recognition standard has not had an impact on the C ompany since the C ompany has not generated any revenues during the nine month period ended January 31, 20 20 . For our service contracts, our services provided are considered to be one single performance obligation. Revenue and expenses are recognized as services are rendered. The average period for satisfying the performance obligation is three months. We have analyzed all of our contracts and can confirm that all the requirements are considered in these contracts: 1) The contracts with customers were identified; 2) The performance obligation was the creation of a website and the provision of SEO-optimization and other services for this site; 3) The transaction price was determined in paragraph 1.3; 4) The Company has only one performance obligation, so the whole transaction price is related to this performance obligation; 5) The revenue was recognized when the performance obligation had been satisfied. The Company offers no discounts, rebates, rights of return, or other allowances to clients which would result in the establishment of reserves against service revenue. Additionally, to date, the Company has not incurred incremental costs in obtaining a client contract. Basic Loss per Share The Company computes loss per share in accordance with F inancial Accounting Standards Board ( FASB) ASC 260 “ Earnings per Share January 31, 2020 and 2019 there were no potentially dilutive debt or equity instruments issued or outstanding. Recent Accounting Pronouncements All other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

FIXED ASSETS

FIXED ASSETS	9 Months Ended
	Jan. 31, 2020
Property, Plant and Equipment [Abstract]
FIXED ASSETS	NOTE 4 – FIXED ASSETS Fixed assets at January 31, 20 20 and April 30, 2019 are summarized below: January 31, 2019 (Unaudited) April 30, 2019 Fixed Assets Diving Vessel $ 36,390 $ - Magnetometer 24,000 - Furniture and Fixtures - 17,720 Accumulated Depreciation (6,054 ) (17,720 ) Fixed Assets, Net $ 54,336 $ - Depreciation expense was $ 3,632 and $1,189 for the three months ended January 31, 2020 and 20 19 , respectively, and $ 6,054 and $1,189 for the nine months ended January 31, 20 20 and 20 19 , respectively. Depreciation expense for the periods ended in 2020 are related to the diving vessel and the magnetometer. Depreciation expense for the periods ended in 2019 was for furniture and office equipment that the Company wrote down to a balance of $0 at April 30, 2019.

LOANS

LOANS	9 Months Ended
	Jan. 31, 2020
Related Party Transactions [Abstract]
LOANS	NOTE 5 – LOANS Loan from Officer As of January 31, 2020 Craig Huffman, an officer and director, provided loans to the Company under a convertible promissory note. This convertible promissory note is unsecured, non-interest bearing, and is convertible into common shares of the Company stock at $2.75 per share and due on demand. The balance due to Mr. Huffman was $56,390 as of January 31, 2020, and $17,790 as of April 30, 2019. Short Term Loans As of January 31, 2020 and April 30, 2019, the Company had loans totaling $16,763 with two non-related parties, a loan in the amount of $14,063 and a loan in the amount of $2,700. These loans are unsecured, non-interest bearing and due on demand.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Jan. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 6 – COMMITMENTS AND CONTINGENCIES Material Agreement On November 26, 2019, the Company entered into an agreement with a company that was previously involved in the exploration of historic shipwrecks to purchase data and information pertaining to historic shipwrecks. The data and information includes coordinates of up to 60 mile long areas of shipwreck scans and technical mapping off the East Coast of Florida for use by crews in the immediate future for exploration and expected shipwreck recoveries. The scans and data represent a year and significant hours of work off Florida's coast, in the area where there are hundreds of known wrecks with many being historical and unexplored, with pinpoint data for locations of numerous identified and many unidentified wrecks and artifacts. The scans represent years of data from magnetometer and other scanning technologies, down to the exact coordinates and categories of wreck quantities, some identified and many to be identified. Most importantly, such areas are outside the State waters of Florida, and thus are open to Federal law and admiralty claims to be filed for shipwrecks found to be claimed by TSR. TSR agreed to pay the shipwreck exploration company $15,000 for various coordinates detailed in the agreement. In addition the coordinates contained the location of a known cannon and TSR agreed to pay $10,000 to the Company upon the recovery of the cannon. Legal Proceedings During the normal course of business, the Company may be exposed to litigation. When the Company becomes aware of potential litigation, it evaluates the merits of the case in accordance with FASB ASC 450-20-50, Contingencies. The Company evaluates its exposure to the matter, possible legal or settlement strategies and the likelihood of an unfavorable outcome. If the Company determines that an unfavorable outcome is probable and can be reasonably estimated, it establishes the necessary accruals. As of January 31, 20 20 , the Company is not aware of any contingent liabilities that should be reflected in the consolidated financial statements.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Jan. 31, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 7 – SUBSEQUENT EVENTS On February 10, 2020, the Company created a Media Group subsidiary, named TSR Media Group, Inc., for purposes of not only documentation and future publication of its treasure and search operations via television series or streaming, but also for expansion into the gaming sector for a treasure based app or gaming properties. On February 12, 2020, the Company through its subsidiary TSR Media Group, purchased a 9-year-old multiplatform mobile and desktop app developer site with a long and successful track record, including multiple Amazon.com “Best Sellers” in the lifestyle category for 300,000 shares of restricted common stock. TSR will now have the expertise, software development capability and an existing revenue-producing arm to complete one part of its threefold business cycle, which consists of: treasure recovery as its main mission; providing a huge multiplatform gaming experience based on treasure recovery; and developing a reality television and multimedia pilot and series based on treasure recovery. Founded in 2011, Flavorful Apps ( http://www.flavorfulapps.com ) is a multiplatform mobile and desktop app developer with a huge library of successful apps. For years, Flavorful Apps has offered interesting, advanced and easy-to-use recipe apps, food-related games and digital cookbooks through multiple platforms. Flavorful Apps recipes have been distributed for almost every mobile device including Android, Kindle, Nook, iPhone and iPad. The Company presently has approximately 50 applications available on Amazon and Google Play. This will allow the Company to develop the gaming app for use and sale of its treasure based recovery game to be developed. As of the filing date of this form 10-Q the 300,000 shares of restricted common stock have not yet been issued. On February 18, 2020, the Company entered into a gaming development agreement with terms to be announced for the build out of the treasure based recovery and find agreement with a company whose principal has had previous gaming development experience. The details of the game are confidential pending completion of certain naming rights and details, including trademarks and potential patent rights filings.

SIGNIFCANT ACCOUNTING POLICIES

SIGNIFCANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Jan. 31, 2020
Accounting Policies [Abstract]
Basis of presentation	Basis of Presentation Management acknowledges its responsibility for the preparation of the accompanying interim financial statements which reflect all adjustments, consisting of normal recurring adjustments, considered necessary in its opinion for a fair statement of its financial position and the results of its operations for the interim period presented. These condensed cons olidated financial statements should be read in conjunction with the summary of significant accounting policies and notes to financial statements included in the Company’s Form 10-K annual report for the year ended April 30, 2019. The results of the three and nine months ended January 31, 20 20 are not necessarily indicative of the results to be expected for the full fiscal year ending April 30, 2020.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements of the Company include the accounts of the TSR Holdings, Inc. which is a wholly owned subsidiary. Intercompany accounts and transactions have been eliminated in consolidation.
Cash and Cash Equivalents	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 $ 60,963 of cash as of January 31, 20 20 and $0 as of April 30, 2019.
Customer Deposit	Customer Deposits Customer Deposits discloses an amount paid by a customer prior to the company providing it with goods or services. The Company has an obligation to provide the goods or services to the customer or to return the money. The Company had $8,700 in customer deposits as of January 31, 20 20 and April 30, 2019.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost. Fixed assets are recorded at historical cost. Depreciation is computed on the straight-line method over the estimated useful lives of the respective assets. Gains and losses upon disposition are reflected in the statements of operations in the period of disposition. Maintenance and repair expenditures are charged to expense as incurred. Currently the Company’s only assets are a diving vessel and a magnetometer which were both purchased in fiscal year 2020 and are being depreciated over ten and three year useful lives, respectively.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying amounts of financial assets and liabilities, such as cash, accounts payable, short term loans, and the Company’s related party loan from a shareholder approximate their fair values because of the short maturity of these instruments.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets In accordance with Accounting Standards Codification (ASC) 360-10, the Company, on a regular basis, reviews the carrying amount of long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment. The Company determines if the carrying amount of a long-lived asset is impaired based on anticipated undiscounted cash flows, before interest, from the use of the asset. In the event of impairment, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the asset. Fair value is determined based on appraised value of the assets or the anticipated cash flows from the use of the asset, discounted at a rate commensurate with the risk involved. There were no impairment charges recorded during the nine months ended January 31, 2020 and 2019.
Income Taxes	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.
Revenue Recognition	Revenue Recognition Effective May 1, 2018, the Company adopted the guidance of ASC 606, Revenue from contracts with customers. The new revenue recognition standard has not had an impact on the C ompany since the C ompany has not generated any revenues during the nine month period ended January 31, 20 20 . For our service contracts, our services provided are considered to be one single performance obligation. Revenue and expenses are recognized as services are rendered. The average period for satisfying the performance obligation is three months. We have analyzed all of our contracts and can confirm that all the requirements are considered in these contracts: 1) The contracts with customers were identified; 2) The performance obligation was the creation of a website and the provision of SEO-optimization and other services for this site; 3) The transaction price was determined in paragraph 1.3; 4) The Company has only one performance obligation, so the whole transaction price is related to this performance obligation; 5) The revenue was recognized when the performance obligation had been satisfied. The Company offers no discounts, rebates, rights of return, or other allowances to clients which would result in the establishment of reserves against service revenue. Additionally, to date, the Company has not incurred incremental costs in obtaining a client contract.
Basic Loss per Share	Basic Loss per Share The Company computes loss per share in accordance with F inancial Accounting Standards Board ( FASB) ASC 260 “ Earnings per Share January 31, 2020 and 2019 there were no potentially dilutive debt or equity instruments issued or outstanding.
Recent Accounting Pronouncements	Recent Accounting Pronouncements All other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

FIXED ASSETS (Tables)

FIXED ASSETS (Tables)	9 Months Ended
	Jan. 31, 2020
Disclosure Fixed Assets Tables Abstract
Schedule of Fixed Assets	Fixed assets at January 31, 20 20 and April 30, 2019 are summarized below: January 31, 2019 (Unaudited) April 30, 2019 Fixed Assets Diving Vessel $ 36,390 $ - Magnetometer 24,000 - Furniture and Fixtures - 17,720 Accumulated Depreciation (6,054 ) (17,720 ) Fixed Assets, Net $ 54,336 $ -

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative)	Jan. 31, 2020USD ($)
Disclosure Going Concern Details Narrative Abstract
Working Capital Deficit	$ 17,890

SIGNIFCANT ACCOUNTING POLICIE_2

SIGNIFCANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	9 Months Ended
	Jan. 31, 2020	Apr. 30, 2019	Jan. 31, 2019	Apr. 30, 2018
Cash	$ 60,963	$ 0	$ 346	$ 7,257
Customer Deposit	$ 8,700	$ 8,700
Diving Vessel [Member]
Useful Life of Assets	10 years
Magnetometer [Member]
Useful Life of Assets	3 years

FIXED ASSETS (Details)

FIXED ASSETS (Details) - USD ($)	Jan. 31, 2020	Apr. 30, 2019
Fixed Assets	$ 60,390	$ 17,720
Accumulated Depreciation	(6,054)	(17,720)
Total Fixed Assets	54,336
Diving Vessel [Member]
Fixed Assets	36,390
Magnetometer [Member]
Fixed Assets	24,000
Furniture and Fixtures [Member]
Fixed Assets		$ 17,720

FIXED ASSETS (Details Narrative

FIXED ASSETS (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Fixed Assets Disclosure Abstract
Depreciation expenses	$ 3,632	$ 1,189	$ 6,054	$ 3,566

LOANS (Details Narrative)

LOANS (Details Narrative) - USD ($)	Jan. 31, 2020	Apr. 30, 2019
Loan from Related Parties	$ 56,390	$ 17,790
Short-term Loan [Member]
Loan from Non-Related Parties	16,763	16,763
Short-term Loan - First Party [Member]
Loan from Non-Related Parties	14,063	14,063
Short-term Loan - Second Party [Member]
Loan from Non-Related Parties	2,700	2,700
Director [Member]
Loan from Related Parties	$ 56,390	$ 17,790