Hoops Scouting USA (HSCT) 10-Q/A 30 Dec 24 2023 Q3 Quarterly report (amended) Financial data

Cover

Cover - shares	9 Months Ended
	Mar. 31, 2023	Dec. 30, 2024
Cover [Abstract]
Entity Registrant Name	HOOPS SCOUTING USA
Entity Central Index Key	0001721056
Document Type	10-Q/A
Amendment Flag	true
Current Fiscal Year End Date	--06-30
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Mar. 31, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		63,750,000
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	333-260704
Entity Incorporation State Country Code	WY
Entity Tax Identification Number	38-4010393
Entity Interactive Data Current	Yes
Amendment Description	None
Entity Address Address Line 1	63 Rocio Court
Entity Address City Or Town	Palm Desert
Entity Address State Or Province	CA
Entity Address Postal Zip Code	92260
City Area Code	760
Local Phone Number	636-4353

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Mar. 31, 2023	Jun. 30, 2022
Current assets
Cash	$ 20	$ 392
Total current assets	20	392
Property and equipment
Intangible asset	100,000	0
Less: Amortization	(3,927)	0
Property and equipment net	96,073	0
Total assets	96,093	392
Current liabilities
Bank Overdraft	40	0
Accounts payable and accrued liabilities	2,601	4,903
Due to related party (Note 3)	79,797	61,581
Total current liabilities	82,438	66,484
Non-current liabilities
Loans payable (Note 5)	16,000	16,000
Total liabilities	98,438	82,484
Stockholders' deficit
Common stock authorized: 10,000,000,000 common shares, $0.0001 par value 63,750,000 shares issued and outstanding as of March 31, 2023 and June 30,2022	6,375	6,375
Share subscription payable	100,000	0
Additional paid-in capital	28,675	28,675
Accumulated deficit	(137,395)	(117,142)
Total stockholders' deficit	(2,345)	(82,092)
Total liabilities and stockholders' deficit	$ 96,093	$ 392

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2023	Jun. 30, 2022
Condensed Balance Sheets
Common Stock, Shares Authorized	10,000,000,000	10,000,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares, Issued	63,750,000	63,750,000
Common Stock, Shares, Outstanding	63,750,000	63,750,000

Condensed statements of operati

Condensed statements of operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Expenses
Amortization expenses	$ 3,927	$ 0	$ 3,927	$ 0
General and administrative	189	32	340	655
Professional fees	3,000	22,250	11,800	43,450
Transfer agent and filing fees	2,373	745	4,186	4,384
Total expenses	9,489	23,027	20,253	48,489
Net loss	$ (9,489)	$ (23,027)	$ (20,253)	$ (48,489)
Net loss per common share - basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average number of shares of common stock outstanding - basic and diluted	63,750,000	63,750,000	63,750,000	63,750,000

Condensed Statements of Stockho

Condensed Statements of Stockholders Deficit - USD ($)	Total	Common Stock [Member]	Additional Paid-In Capital	Share Subscription Payable [Member]	Share Subscription Received [Member]	Retained Earnings (Accumulated Deficit)
Balance, shares at Jun. 30, 2021		37,500,000
Balance, amount at Jun. 30, 2021	$ (32,649)	$ 3,750	$ (3,700)	$ 0	$ 32,000	$ (64,699)
Net Income (Loss)	(16,830)	0	0	0		(16,830)
Share subscriptions received	3,000	$ 0	0	0	3,000	0
Balance, shares at Sep. 30, 2021		37,500,000
Balance, amount at Sep. 30, 2021	(46,479)	$ 3,750	(3,700)	0	35,000	(81,529)
Balance, shares at Jun. 30, 2021		37,500,000
Balance, amount at Jun. 30, 2021	(32,649)	$ 3,750	(3,700)	0	32,000	(64,699)
Net Income (Loss)	(48,489)
Balance, shares at Mar. 31, 2022		63,750,000
Balance, amount at Mar. 31, 2022	(78,138)	$ 6,375	28,675	0	0	(113,188)
Balance, shares at Sep. 30, 2021		37,500,000
Balance, amount at Sep. 30, 2021	(46,479)	$ 3,750	(3,700)	0	35,000	(81,529)
Net Income (Loss)	(8,632)	$ 0	0	0		(8,632)
Share subscriptions received, shares		26,250,000
Share subscriptions received, amount	0	$ 2,625	32,375	0	(35,000)	0
Balance, shares at Dec. 31, 2021		63,750,000
Balance, amount at Dec. 31, 2021	(55,111)	$ 6,375	28,675	0	0	(90,161)
Net Income (Loss)	(23,027)	$ 0	0	0	0	(23,027)
Balance, shares at Mar. 31, 2022		63,750,000
Balance, amount at Mar. 31, 2022	(78,138)	$ 6,375	28,675	0	0	(113,188)
Balance, shares at Jun. 30, 2022		63,750,000
Balance, amount at Jun. 30, 2022	(82,092)	$ 6,375	28,675	0	0	(117,142)
Net Income (Loss)	(413)	$ 0	0	0	0	(413)
Balance, shares at Sep. 30, 2022		63,750,000
Balance, amount at Sep. 30, 2022	(82,505)	$ 6,375	28,675	0	0	(117,555)
Balance, shares at Jun. 30, 2022		63,750,000
Balance, amount at Jun. 30, 2022	(82,092)	$ 6,375	28,675	0	0	(117,142)
Net Income (Loss)	(20,253)
Balance, shares at Mar. 31, 2023		63,750,000
Balance, amount at Mar. 31, 2023	(2,345)	$ 6,375	28,675	100,000	0	(137,395)
Balance, shares at Sep. 30, 2022		63,750,000
Balance, amount at Sep. 30, 2022	(82,505)	$ 6,375	28,675	0	0	(117,555)
Net Income (Loss)	(10,351)	$ 0	0	0	0	(10,351)
Balance, shares at Dec. 31, 2022		63,750,000
Balance, amount at Dec. 31, 2022	(92,856)	$ 6,375	28,675	0	0	(127,906)
Net Income (Loss)	(9,489)	0	0	0	0	(9,489)
Share subscription payable	100,000	$ 0	0	100,000	0	0
Balance, shares at Mar. 31, 2023		63,750,000
Balance, amount at Mar. 31, 2023	$ (2,345)	$ 6,375	$ 28,675	$ 100,000	$ 0	$ (137,395)

Condensed statements of cash fl

Condensed statements of cash flows (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Condensed statements of cash flows (Unaudited)
Net loss	$ (20,253)	$ (48,489)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization expenses	3,927	0
Changes in operating assets and liabilities:
Increase (Decrease) in Bank Overdraft	40	0
Increase (Decrease) in accounts payable and accrued liabilities	(2,302)	348
Net cash used in operating activities	(18,588)	(48,141)
Cash Flows from Investing Activities
Purchase of intangible asset	(100,000)	0
Net cash used in investing activities	(100,000)	0
Cash Flows from Financing Activities:
Share subscription payable	100,000	0
Proceeds from related parties	18,216	35,001
Proceeds from share subscriptions received	0	3,000
Net cash provided by financing activities	118,216	38,001
Net increase (decrease) in cash, cash equivalents and restricted cash	(372)	(10,140)
Cash, cash equivalents and restricted cash at beginning of the period	392	10,586
Cash, cash equivalents and restricted cash at end of the period	20	446
Supplemental Cash Flow Information:
Cash paid for interest	0	0
Cash paid for income taxes	0	0
Non-Cash financing and investing activities:
Asset acquired through share subscription payable	$ 100,000	$ 0

Nature of Operations and Contin

Nature of Operations and Continuance of Business	9 Months Ended
	Mar. 31, 2023
Nature of Operations and Continuance of Business
Nature of Operations and Continuance of Business	1. Nature of Operations and Continuance of Business Hoops Scouting USA (the “Company”) was incorporated in the State of Wyoming on October 31, 2016. The Company is in the business of scouting high school and college basketball players in Colorado. In furtherance of our business plan, February 17, 2023, we entered into an Asset Purchase Agreement with Grit Performance Athletics Inc. (“Grit Performance”) to acquire all right, title and interest of Grit Performance and its Affiliates in the Grit Mobile Application and related products, including website, Instagram account, etc. (the “Assets”). On March 11, 2020, the World Health Organization declared COVID-19 a global pandemic. This contagious disease outbreak and any related adverse public health developments, has adversely affected workforces, economies, and financial markets globally, leading to an economic downturn. The impact on the Company has not been significant, but management continues to monitor the situation. These condensed financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and ultimately the attainment of profitable operations. During the period ended March 31, 2023, the Company had no revenues and incurred a net loss of $20,253. As at March 31, 2022, the Company has a working capital deficit of $(82,418) and an accumulated deficit of $137,395. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These condensed financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Mar. 31, 2023
Significant Accounting Policies
Significant Accounting Policies	2. Significant Accounting Policies (a) Basis of Presentation The accompanying condensed financial statements of the Company should be read in conjunction with the financial statements and accompanying notes filed with the U.S. Securities and Exchange Commission for the fiscal year ended June 30, 2022. In the opinion of management, the accompanying condensed financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Company’s financial position and the results of its operations and its cash flows for the periods shown. (b) Use of Estimates and Judgments The preparation of these condensed financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. It also requires management to exercise its judgment in the processing of applying the Company’s accounting policies. The Company regularly evaluates estimates and assumptions related to deferred income tax valuation allowances. The Company bases its estimates and assumptions on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The impacts of such estimates and judgments are pervasive throughout the financial statements, and may require accounting adjustments based on future occurrences. Revisions to accounting estimates and judgments are recognized in the period in which the estimate is revised and future periods if the revision affects both current and future periods. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. (c) Recent Accounting Pronouncements The Company has implemented all the new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. (d) Intangible assets Intangible assets consist of all rights, title and interest of seller and its affiliates in the Grit Mobile Application and related complementary products acquired in an asset purchase agreement. The estimated useful life of these assets was determined to be 5 years. The Company periodically evaluates the reasonableness of the useful lives of these assets. Once these assets are fully amortized, they are removed from the accounts. These assets are reviewed for impairment or obsolescence when events or changes in circumstances indicate that the carrying amount may not be recoverable. If impaired, intangible assets are written down to fair value based on discounted cash flows or other valuation techniques. The Company has no intangibles with indefinite lives. (e) Impairment of Long-Lived Assets The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. To determine recoverability of a long-lived asset, management evaluates whether the estimated future undiscounted net cash flows from the asset are less than its carrying amount. If impairment is indicated, the long-lived asset would be written down to fair value. Fair value is determined by an evaluation of available price information at which assets could be bought or sold, including quoted market prices, if available, or the present value of the estimated future cash flows based on reasonable and supportable assumptions.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Mar. 31, 2023
Related Party Transactions
Related Party Transactions	3. Related Party Transactions During the nine months ended March 31, 2023, president of the Company contributed $18,216 towards operating expenses. As at March 31, 2023, the Company owed $79,797 (June 30, 2022 - $61,581) to the President and Director of the Company, which is unsecured, non-interest bearing, and due on demand.

Property and Equipment

Property and Equipment	9 Months Ended
	Mar. 31, 2023
Property and Equipment
Property and Equipment	4. Property and Equipment As at March 31, 2023 As at June 30, 2022 Intangible asset $ 100,000 $ - Less: Amortization (3,927 ) - Property and equipment net $ 96,073 $ - Depreciation expense was $3,927 for the three and nine months ended March 31, 2023 respectively.

Common Stock

Common Stock	9 Months Ended
	Mar. 31, 2023
Common Stock
Common Stock	5. Common Stock During the nine months period ended March 31, 2023, the Company received zero proceeds (As of March 31, 2021 $3,000) relating to share subscriptions for the issuance of common shares at $0.10 per share. On October 15, 2021, the Company issued (350,000 before split) 26,250,000 common shares at $0.10 per share for proceeds of $35,000, of which $32,000 were received during the year ended June 30, 2021. On June 9, 2023, the Company executed forward stock split at 75:1 As at March 31, 2023 and June 30, 2022 common shares issued and outstanding is 63,750,000 (850,000 before split) and 63,750,000 (850,000 before split) shares respectively.

Share Subscription Payable

Share Subscription Payable	9 Months Ended
	Mar. 31, 2023
Share Subscription Payable
Share Subscription Payable	6. Share Subscription Payable During the three months ended March 31, 2023, the Company purchased intangible assets valued at $100,000 by issuing the share subscription. This share subscription payable was converted into equity shares of 500,000 at $0.20 per share on May 8, 2023.

Loans Payable

Loans Payable	9 Months Ended
	Mar. 31, 2023
Loans Payable
Loans Payable	7. Loans Payable As at March 31, 2023, the Company owed $16,000 (June 30, 2022 - $16,000) to non-related parties for loans payable. The amounts owing are unsecured, non-interest bearing, and due on or before December 31, 2023.

Restatement

Restatement	9 Months Ended
	Mar. 31, 2023
Restatement
Restatement	8. Restatement The following are previously recorded and restated balances as of March 31,2023. HOOPS SCOUTING USA Restated Balance Sheets March 31, 2023 March 31, 2023 March 31, 2023 (As Previously Reported) (Restatement Adjustments) (As Restated) Assets Current assets Cash $ 20 $ - $ 20 Total current assets 20 - 20 Property and equipment Intangible Assets $ 100,000 $ - $ 100,000 Less:Amortization (3,927 ) - (3,927 ) Property and equipment net $ 96,073 $ 96,073 Total assets $ 96,093 $ - $ 96,093 Liabilities and stockholders’ deficit Current liabilities Bank overdrawn $ 40 $ - 40 Accounts payable and accrued liabilities 6,601 (4,000 ) $ 2,601 Promissory note payable 100,000 (100,000 ) - Due to related party (Note 3) 79,797 - 79,797 Total current liabilities 186,438 (104,000 ) 82,438 Non-current liabilities Loans payable (Note 5) 16,000 - 16,000 Total liabilities $ 202,438 $ (104,000 ) $ 98,438 Stockholders’ deficit Common stock authorized: 10,000,000,000 common shares, $0.0001 par value 63,750,000 shares issued and outstanding as of March 31, 2023 and June 30,2022 $ 6,375 $ - $ 6,375 Share subscription payable - 100,000 100,000 Additional paid-in capital 28,675 - 28,675 Accumulated deficit (141,395 ) 4,000 (137,395 ) Total stockholders’ deficit $ (106,345 ) $ 104,000 $ (2,345 ) Total liabilities and stockholders’ deficit $ 96,093 $ - $ 96,093 (The accompanying notes are an integral part of these condensed unaudited financial statements) HOOPS SCOUTING USA Restated Statement of Operations (unaudited) For the three months ended March 31, 2023 For the three months ended March 31, 2023 For the three months ended March 31, 2023 (As Previously Reported) (Restatement Adjustments) (As Restated) Expenses Amortization expenses 3927 - 3,927 General and administrative $ 189 $ - $ 189 Professional fees 4,000 (1,000 ) 3,000 Transfer agent 2,373 - 2,373 Total expenses $ 10,489 $ (1,000 ) $ 9,489 Net loss $ (10,489 ) $ 1,000 $ (9,489 ) Net loss per common share - basic and diluted (0.00 ) 0.00 (0.00 ) Weighted average number of shares of common stock outstanding - basic and diluted 63,750,000 63,750,000 63,750,000 (The accompanying notes are an integral part of these condensed unaudited financial statements) HOOPS SCOUTING USA Restated Statement of Operations (unaudited) For the nine months ended March 31, 2023 For the nine months ended March 31, 2023 For the nine months ended March 31, 2023 (As Previously Reported) (Restatement Adjustments) (As Restated) Expenses Amortization expenses $ 3,927 $ - $ 3,927 General and administrative 340 - 340 Professional fees 15,800 (4,000 ) 11,800 Transfer agent 4,186 - 4,186 Total expenses $ 24,253 $ (4,000 ) $ 20,253 Net loss $ (24,253 ) $ 4,000 $ (20,253 ) Net loss per common share - basic and diluted (0.00 ) 0.00 (0.00 ) Weighted average number of shares of common stock outstanding - basic and diluted 63,750,000 63,750,000 63,750,000 (The accompanying notes are an integral part of these condensed unaudited financial statements) HOOPS SCOUTING USA Restated Statements of Cash Flows (unaudited) For the nine months ended March 31, 2023 For the nine months ended March 31, 2023 For the nine months ended March 31, 2023 (As Previously Reported) (Restatement Adjustments) (As Restated) Cash Flows from Operating Activities: Net loss $ (24,253 ) $ 4,000 $ (20,253 ) Adjustments to reconcile net loss to net cash used in operating activities: Amortization Expenses 3,927 - 3,927 Changes in operating assets and liabilities: Increase (Decrease) in Bank Overdraft 40 - 40 Increase (Decrease) in accounts payable and accrued liabilities 1,698 (4,000 ) (2,302 ) Net cash used in operating activities $ (18,588 ) $ - $ (18,588 ) Cash Flows from Investing Activities: Purchase of intangible asset $ (100,000 ) - (100,000 ) Net cash used in investing activities (100,000 ) - (100,000 ) Cash Flows from Financing Activities: Share subscription payable - 100,000 100,000 Proceeds from promissory note 100,000 (100,000 ) - Proceeds from related parties 18,216 - 18,216 Proceeds from share subscriptions received - - - Net cash provided by financing activities $ 118,216 $ - $ 118,216 Net increase (decrease) in cash, cash equivalents and restricted cash (372 ) - (372 ) Cash, cash equivalents and restricted cash at beginning of the period 392 - 392 Cash, cash equivalents and restricted cash at end of the period $ 20 $ - $ 20 Supplemental Cash Flow Information: Cash paid for interest $ - $ - $ - Cash paid for income taxes $ - $ - $ - Non-Cash financing and investing activities: Asset acquired through promissory note payable $ 100,000 (100,000 ) - Asset acquired through share subscription payable - 100,000 100,000 (The accompanying notes are an integral part of these condensed unaudited financial statements)

Subsequent Event

Subsequent Event	9 Months Ended
	Mar. 31, 2023
Subsequent Event
Subsequent Event	9. Subsequent Event The Company evaluated all events or transactions that occurred after March 31, 2023, through the date of filing this report. As of May 8, 2023, the Company issued 500,000 shares at $0.20 per share against share subscription payable.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2023
Significant Accounting Policies
Basis of Presentation	The accompanying condensed financial statements of the Company should be read in conjunction with the financial statements and accompanying notes filed with the U.S. Securities and Exchange Commission for the fiscal year ended June 30, 2022. In the opinion of management, the accompanying condensed financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Company’s financial position and the results of its operations and its cash flows for the periods shown.
Use of Estimates and Judgments	The preparation of these condensed financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. It also requires management to exercise its judgment in the processing of applying the Company’s accounting policies. The Company regularly evaluates estimates and assumptions related to deferred income tax valuation allowances. The Company bases its estimates and assumptions on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The impacts of such estimates and judgments are pervasive throughout the financial statements, and may require accounting adjustments based on future occurrences. Revisions to accounting estimates and judgments are recognized in the period in which the estimate is revised and future periods if the revision affects both current and future periods. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
Recent Accounting Pronouncements	The Company has implemented all the new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.
Intangible assets	Intangible assets consist of all rights, title and interest of seller and its affiliates in the Grit Mobile Application and related complementary products acquired in an asset purchase agreement. The estimated useful life of these assets was determined to be 5 years. The Company periodically evaluates the reasonableness of the useful lives of these assets. Once these assets are fully amortized, they are removed from the accounts. These assets are reviewed for impairment or obsolescence when events or changes in circumstances indicate that the carrying amount may not be recoverable. If impaired, intangible assets are written down to fair value based on discounted cash flows or other valuation techniques. The Company has no intangibles with indefinite lives.
Impairment of Long-Lived Assets	The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. To determine recoverability of a long-lived asset, management evaluates whether the estimated future undiscounted net cash flows from the asset are less than its carrying amount. If impairment is indicated, the long-lived asset would be written down to fair value. Fair value is determined by an evaluation of available price information at which assets could be bought or sold, including quoted market prices, if available, or the present value of the estimated future cash flows based on reasonable and supportable assumptions.

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Mar. 31, 2023
Property and Equipment
Property and Equipment	As at March 31, 2023 As at June 30, 2022 Intangible asset $ 100,000 $ - Less: Amortization (3,927 ) - Property and equipment net $ 96,073 $ -

Restatement (Tables)

Restatement (Tables)	9 Months Ended
	Mar. 31, 2023
Restatement
Summary of Restated Balance Sheets	HOOPS SCOUTING USA Restated Balance Sheets March 31, 2023 March 31, 2023 March 31, 2023 (As Previously Reported) (Restatement Adjustments) (As Restated) Assets Current assets Cash $ 20 $ - $ 20 Total current assets 20 - 20 Property and equipment Intangible Assets $ 100,000 $ - $ 100,000 Less:Amortization (3,927 ) - (3,927 ) Property and equipment net $ 96,073 $ 96,073 Total assets $ 96,093 $ - $ 96,093 Liabilities and stockholders’ deficit Current liabilities Bank overdrawn $ 40 $ - 40 Accounts payable and accrued liabilities 6,601 (4,000 ) $ 2,601 Promissory note payable 100,000 (100,000 ) - Due to related party (Note 3) 79,797 - 79,797 Total current liabilities 186,438 (104,000 ) 82,438 Non-current liabilities Loans payable (Note 5) 16,000 - 16,000 Total liabilities $ 202,438 $ (104,000 ) $ 98,438 Stockholders’ deficit Common stock authorized: 10,000,000,000 common shares, $0.0001 par value 63,750,000 shares issued and outstanding as of March 31, 2023 and June 30,2022 $ 6,375 $ - $ 6,375 Share subscription payable - 100,000 100,000 Additional paid-in capital 28,675 - 28,675 Accumulated deficit (141,395 ) 4,000 (137,395 ) Total stockholders’ deficit $ (106,345 ) $ 104,000 $ (2,345 ) Total liabilities and stockholders’ deficit $ 96,093 $ - $ 96,093 (The accompanying notes are an integral part of these condensed unaudited financial statements)
Summary of Restated Statement of Operations	HOOPS SCOUTING USA Restated Statement of Operations (unaudited) For the three months ended March 31, 2023 For the three months ended March 31, 2023 For the three months ended March 31, 2023 (As Previously Reported) (Restatement Adjustments) (As Restated) Expenses Amortization expenses 3927 - 3,927 General and administrative $ 189 $ - $ 189 Professional fees 4,000 (1,000 ) 3,000 Transfer agent 2,373 - 2,373 Total expenses $ 10,489 $ (1,000 ) $ 9,489 Net loss $ (10,489 ) $ 1,000 $ (9,489 ) Net loss per common share - basic and diluted (0.00 ) 0.00 (0.00 ) Weighted average number of shares of common stock outstanding - basic and diluted 63,750,000 63,750,000 63,750,000 (The accompanying notes are an integral part of these condensed unaudited financial statements) HOOPS SCOUTING USA Restated Statement of Operations (unaudited) For the nine months ended March 31, 2023 For the nine months ended March 31, 2023 For the nine months ended March 31, 2023 (As Previously Reported) (Restatement Adjustments) (As Restated) Expenses Amortization expenses $ 3,927 $ - $ 3,927 General and administrative 340 - 340 Professional fees 15,800 (4,000 ) 11,800 Transfer agent 4,186 - 4,186 Total expenses $ 24,253 $ (4,000 ) $ 20,253 Net loss $ (24,253 ) $ 4,000 $ (20,253 ) Net loss per common share - basic and diluted (0.00 ) 0.00 (0.00 ) Weighted average number of shares of common stock outstanding - basic and diluted 63,750,000 63,750,000 63,750,000 (The accompanying notes are an integral part of these condensed unaudited financial statements)
Summary of Restated Statements of Cash Flows	HOOPS SCOUTING USA Restated Statements of Cash Flows (unaudited) For the nine months ended March 31, 2023 For the nine months ended March 31, 2023 For the nine months ended March 31, 2023 (As Previously Reported) (Restatement Adjustments) (As Restated) Cash Flows from Operating Activities: Net loss $ (24,253 ) $ 4,000 $ (20,253 ) Adjustments to reconcile net loss to net cash used in operating activities: Amortization Expenses 3,927 - 3,927 Changes in operating assets and liabilities: Increase (Decrease) in Bank Overdraft 40 - 40 Increase (Decrease) in accounts payable and accrued liabilities 1,698 (4,000 ) (2,302 ) Net cash used in operating activities $ (18,588 ) $ - $ (18,588 ) Cash Flows from Investing Activities: Purchase of intangible asset $ (100,000 ) - (100,000 ) Net cash used in investing activities (100,000 ) - (100,000 ) Cash Flows from Financing Activities: Share subscription payable - 100,000 100,000 Proceeds from promissory note 100,000 (100,000 ) - Proceeds from related parties 18,216 - 18,216 Proceeds from share subscriptions received - - - Net cash provided by financing activities $ 118,216 $ - $ 118,216 Net increase (decrease) in cash, cash equivalents and restricted cash (372 ) - (372 ) Cash, cash equivalents and restricted cash at beginning of the period 392 - 392 Cash, cash equivalents and restricted cash at end of the period $ 20 $ - $ 20 Supplemental Cash Flow Information: Cash paid for interest $ - $ - $ - Cash paid for income taxes $ - $ - $ - Non-Cash financing and investing activities: Asset acquired through promissory note payable $ 100,000 (100,000 ) - Asset acquired through share subscription payable - 100,000 100,000 (The accompanying notes are an integral part of these condensed unaudited financial statements)

Nature of Operations and Cont_2

Nature of Operations and Continuance of Business (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022
Nature of Operations and Continuance of Business
Net loss	$ (9,489)	$ (10,351)	$ (413)	$ (23,027)	$ (8,632)	$ (16,830)	$ (20,253)	$ (48,489)
Working capital deficit	(82,418)						(82,418)
Deficit	$ (137,395)						$ (137,395)		$ (117,142)

Significant Accounting Polici_3

Significant Accounting Policies (Details Narrative)	9 Months Ended
	Mar. 31, 2023
Significant Accounting Policies
Intangible Assets estimated useful life	5 years

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022
Proceeds from related parties	$ 18,216	$ 35,001
Common Shares [Member]
Due to related party (Note 3)	$ 79,797		$ 61,581
Debt Instrument, Description	unsecured, non-interest bearing, and due on demand
President [Member]
Proceeds from related parties	$ 18,216

Property and Equipment (Details

Property and Equipment (Details ) - USD ($)	Mar. 31, 2023	Jun. 30, 2022
Property and Equipment
Intangible asset	$ 100,000	$ 0
Less: Amortization	(3,927)	0
Property and equipment net	$ 96,073	$ 0

Property and Equipment (Detai_2

Property and Equipment (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2023
Property and Equipment
Depreciation expense	$ 3,927	$ 3,927

Common Stock (Details Narrative

Common Stock (Details Narrative) - USD ($)			9 Months Ended	12 Months Ended
	Jun. 09, 2023	Oct. 15, 2021	Mar. 31, 2023	Jun. 30, 2021	Jun. 30, 2022
Common stock shares issued			63,750,000		63,750,000
Common stock shares outstanding			63,750,000		63,750,000
Common Stock [Member]
Proceeds relating to share subscriptions for the issuance of common shares			$ 3,000
Common stock shares issued during period		26,250,000
Common stock per share		$ 0.10	$ 0.10
Common stock shares issued			63,750,000		63,750,000
Common stock shares outstanding			63,750,000		63,750,000
Forward stock split	75:1
Proceeds from share subscriptions received		$ 35,000		$ 32,000

Share Subscription Payable (Det

Share Subscription Payable (Details Narrative) - USD ($)		3 Months Ended
	May 08, 2023	Mar. 31, 2023
Intangible asset		$ 100,000
Subsequent Event [Member]
Share subscription payable conversion price	$ 0.20
Share subscription payable	500,000

Loans Payable (Details Narrativ

Loans Payable (Details Narrative) - Non Related Parties [Member] - Loans Payable [Member] - USD ($)	9 Months Ended
	Mar. 31, 2023	Jun. 30, 2022
Loans payable (Note 5)	$ 16,000	$ 16,000
Debt Instrument, Description	The amounts owing are unsecured, non-interest bearing, and due on or before December 31, 2023
Debt Instrument, Maturity Date	Dec. 31, 2023

Restatement (Details)

Restatement (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021
Cash	$ 20			$ 392	$ 446			$ 10,586
Total current assets	20			392
Less: Amortization	(3,927)			0
Property and equipment net	96,073			0
Total assets	96,093			392
Bank Overdraft	40			0
Accounts payable and accrued liabilities	2,601			4,903
Due to related party (Note 3)	79,797			61,581
Total current liabilities	82,438			66,484
Loans payable (Note 5)	16,000			16,000
Total liabilities	98,438			82,484
Common stock authorized: 10,000,000,000 common shares, $0.0001 par value 63,750,000 shares issued and outstanding as of March 31, 2023 and June 30,2022	6,375			6,375
Additional paid-in capital	28,675			28,675
Accumulated deficit	(137,395)			(117,142)
Total stockholders' deficit	(2,345)	$ (92,856)	$ (82,505)	(82,092)	$ (78,138)	$ (55,111)	$ (46,479)	$ (32,649)
Total liabilities and stockholders' deficit	96,093			392
As Previously Reported [Member]
Cash	20			392
Total current assets	20
Intangible asset	100,000
Less: Amortization	(3,927)
Property and equipment net	96,073
Total assets	96,093
Bank Overdraft	40
Accounts payable and accrued liabilities	6,601
Promissory note payable	100,000
Due to related party (Note 3)	79,797
Total current liabilities	186,438
Loans payable (Note 5)	16,000
Total liabilities	202,438
Common stock authorized: 10,000,000,000 common shares, $0.0001 par value 63,750,000 shares issued and outstanding as of March 31, 2023 and June 30,2022	6,375
Share subscription payable	0
Additional paid-in capital	28,675
Accumulated deficit	(141,395)
Total stockholders' deficit	(106,345)
Total liabilities and stockholders' deficit	96,093
Restatement Adjustment [Member]
Cash	0			0
Total current assets	0
Intangible asset	0
Less: Amortization	0
Property and equipment net	0
Total assets	0
Bank Overdraft	0
Accounts payable and accrued liabilities	4,000
Promissory note payable	100,000
Due to related party (Note 3)	0
Total current liabilities	104,000
Loans payable (Note 5)	0
Total liabilities	104,000
Common stock authorized: 10,000,000,000 common shares, $0.0001 par value 63,750,000 shares issued and outstanding as of March 31, 2023 and June 30,2022	0
Share subscription payable	100,000
Additional paid-in capital	0
Accumulated deficit	4,000
Total stockholders' deficit	104,000
Total liabilities and stockholders' deficit	0
Restated [Member]
Cash	20			$ 392
Total current assets	20
Intangible asset	100,000
Less: Amortization	(3,927)
Property and equipment net	96,073
Total assets	96,093
Bank Overdraft	40
Accounts payable and accrued liabilities	2,601
Promissory note payable	0
Due to related party (Note 3)	79,797
Total current liabilities	82,438
Loans payable (Note 5)	16,000
Total liabilities	98,438
Common stock authorized: 10,000,000,000 common shares, $0.0001 par value 63,750,000 shares issued and outstanding as of March 31, 2023 and June 30,2022	6,375
Share subscription payable	100,000
Additional paid-in capital	28,675
Accumulated deficit	(137,395)
Total stockholders' deficit	(2,345)
Total liabilities and stockholders' deficit	$ 96,093

Restatement (Details 1)

Restatement (Details 1) - USD ($)	3 Months Ended						9 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2023	Mar. 31, 2022
Amortization expenses	$ 3,927			$ 0			$ 3,927	$ 0
General and administrative	189			32			340	655
Professional fees	3,000			22,250			11,800	43,450
Transfer agent and filing fees	2,373			745			4,186	4,384
Total expenses	9,489			23,027			20,253	48,489
Net loss	(9,489)	$ (10,351)	$ (413)	$ (23,027)	$ (8,632)	$ (16,830)	(20,253)	$ (48,489)
As Previously Reported [Member]
Amortization expenses	3,927						3,927
General and administrative	189						340
Professional fees	4,000						15,800
Transfer agent and filing fees	2,373						4,186
Total expenses	10,489						24,253
Net loss	$ (10,489)						$ (24,253)
Net loss per common share - basic and diluted	$ 0						$ 0
Weighted average number of shares of common stock outstanding - basic and diluted	63,750,000						63,750,000
Restatement Adjustment [Member]
Amortization expenses	$ 0						$ 0
General and administrative	0						0
Professional fees	1,000						4,000
Transfer agent and filing fees	0						0
Total expenses	(1,000)						(4,000)
Net loss	$ 1,000						$ 4,000
Net loss per common share - basic and diluted	$ 0						$ 0
Weighted average number of shares of common stock outstanding - basic and diluted	63,750,000						63,750,000
Restated [Member]
Amortization expenses	$ 3,927						$ 3,927
General and administrative	189						340
Professional fees	3,000						11,800
Transfer agent and filing fees	2,373						4,186
Total expenses	9,489						20,253
Net loss	$ (9,489)						$ (20,253)
Net loss per common share - basic and diluted	$ 0						$ 0
Weighted average number of shares of common stock outstanding - basic and diluted	63,750,000						63,750,000

Restatement (Details 2)

Restatement (Details 2) - USD ($)	3 Months Ended						9 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2023	Mar. 31, 2022
Net loss	$ (9,489)	$ (10,351)	$ (413)	$ (23,027)	$ (8,632)	$ (16,830)	$ (20,253)	$ (48,489)
Amortization expenses	3,927			0			3,927	0
Increase (Decrease) in Bank Overdraft							40	0
Increase (Decrease) in accounts payable and accrued liabilities							(2,302)	348
Net cash used in operating activities							(18,588)	(48,141)
Purchase of intangible asset							(100,000)	0
Net cash used in investing activities							(100,000)	0
Share subscription payable							100,000	0
Proceeds from related parties							18,216	35,001
Proceeds from share subscriptions received							0	3,000
Net cash provided by financing activities							118,216	38,001
Net increase (decrease) in cash, cash equivalents and restricted cash							(372)	(10,140)
Cash, cash equivalents and restricted cash at beginning of the period			392			$ 10,586	392	10,586
Cash, cash equivalents and restricted cash at end of the period	20			$ 446			20	446
Cash paid for interest							0	0
Cash paid for income taxes							0	0
Asset acquired through share subscription payable							100,000	$ 0
As Previously Reported [Member]
Net loss	(10,489)						(24,253)
Amortization expenses	3,927						3,927
Increase (Decrease) in Bank Overdraft							40
Increase (Decrease) in accounts payable and accrued liabilities							1,698
Net cash used in operating activities							(18,588)
Purchase of intangible asset							(100,000)
Net cash used in investing activities							(100,000)
Share subscription payable							0
Proceeds from promissory note							100,000
Proceeds from related parties							18,216
Proceeds from share subscriptions received							0
Net cash provided by financing activities							118,216
Net increase (decrease) in cash, cash equivalents and restricted cash							(372)
Cash, cash equivalents and restricted cash at beginning of the period			392				392
Cash, cash equivalents and restricted cash at end of the period	20						20
Cash paid for interest							0
Cash paid for income taxes							0
Asset acquired through promissory note payable							100,000
Asset acquired through share subscription payable							0
Restatement Adjustment [Member]
Net loss	1,000						4,000
Amortization expenses	0						0
Increase (Decrease) in Bank Overdraft							0
Increase (Decrease) in accounts payable and accrued liabilities							(4,000)
Net cash used in operating activities							0
Purchase of intangible asset							0
Net cash used in investing activities							0
Share subscription payable							100,000
Proceeds from promissory note							(100,000)
Proceeds from related parties							0
Proceeds from share subscriptions received							0
Net cash provided by financing activities							0
Net increase (decrease) in cash, cash equivalents and restricted cash							0
Cash, cash equivalents and restricted cash at beginning of the period			0				0
Cash, cash equivalents and restricted cash at end of the period	0						0
Cash paid for interest							0
Cash paid for income taxes							0
Asset acquired through promissory note payable							(100,000)
Asset acquired through share subscription payable							100,000
Restated [Member]
Net loss	(9,489)						(20,253)
Amortization expenses	3,927						3,927
Increase (Decrease) in Bank Overdraft							40
Increase (Decrease) in accounts payable and accrued liabilities							(2,302)
Net cash used in operating activities							(18,588)
Purchase of intangible asset							(100,000)
Net cash used in investing activities							(100,000)
Share subscription payable							100,000
Proceeds from promissory note							0
Proceeds from related parties							18,216
Proceeds from share subscriptions received							0
Net cash provided by financing activities							118,216
Net increase (decrease) in cash, cash equivalents and restricted cash							(372)
Cash, cash equivalents and restricted cash at beginning of the period			$ 392				392
Cash, cash equivalents and restricted cash at end of the period	$ 20						20
Cash paid for interest							0
Cash paid for income taxes							0
Asset acquired through promissory note payable							0
Asset acquired through share subscription payable							$ 100,000

Subsequent Event (Details Narra

Subsequent Event (Details Narrative) - Subsequent Event [Member]	May 08, 2023 $ / shares shares
Share subscription payable conversion price | $ / shares	$ 0.20
Share subscription payable | shares	500,000