Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | May 22, 2019 | |
Document And Entity Information | ||
Entity Registrant Name | Thenablers, Inc. | |
Entity Central Index Key | 0001741489 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2019 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Is Entity's Reporting Status Current? | Yes | |
Is Entity Emerging Growth Company? | true | |
Elected Not To Use the Extended Transition Period | false | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding | 20,636,700 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2019 |
Unaudited Balance Sheet
Unaudited Balance Sheet - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Current Assets | ||
Cash | $ 11,828 | $ 24,494 |
Accounts Receivable Related Party | 3,473 | 3,000 |
Loans Receivable Related Party | 10,000 | 10,000 |
Total Current Assets | 25,301 | 37,494 |
Total Assets | 25,301 | 37,494 |
Current Liabilities | ||
Accounts Payable | 7,000 | 5,000 |
Due to related party | 25,640 | 24,708 |
Total Current Liabilities | 32,640 | 29,708 |
Total Liabilities | 32,640 | 29,708 |
Stockholders' Equity | ||
Common stock, par value $0.001; 200,000,000 common shares authorized,100,000,000 preferred shares authorized; 20,556,700 common shares issued and outstanding | 2,056 | 2,056 |
Additional paid in capital | 111,284 | 111,284 |
Accumulated deficit | (120,679) | (99,554) |
Subscription receivable | (6,000) | |
Total Stockholders' Equity | (7,339) | 7,786 |
Total Liabilities and Stockholders' Equity | $ 25,301 | $ 37,494 |
Unaudited Balance Sheet (Parent
Unaudited Balance Sheet (Parenthetical) - $ / shares | Mar. 31, 2019 | Dec. 31, 2018 |
Statement of Financial Position [Abstract] | ||
Common Stock, Par Value | $ .0001 | $ .0001 |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 |
Common Stock, Shares Issued | 20,556,700 | 20,556,700 |
Common Stock, Shares Outstanding | 20,556,700 | 20,556,700 |
Preferred Stock, Shares Authorized | 100,000,000 | 100,000,000 |
Unaudited Statement of Operatio
Unaudited Statement of Operations - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Income Statement [Abstract] | ||
Revenue - Related party | $ 473 | |
Operating expenses | ||
Professional fees | 8,000 | 8,500 |
Stock-based compensation expense | 12,800 | |
Other general and administrative costs | 13,598 | 6,679 |
Total operating expenses | 21,598 | 27,979 |
Loss from operations | (21,125) | (27,979) |
Other Income and (Expenses) | ||
Interest expenses | ||
Total Other Income and (Expenses) | ||
Net loss before income taxes | (21,125) | (27,979) |
Income taxes | ||
Net loss | $ (21,125) | $ (27,979) |
Net Loss Per Common Stock - basic and fully diluted | $ 0 | $ 0 |
Weighted-average number of shares of common stock outstanding - basic and fully diluted | 20,109,815 | 20,205,499 |
Unaudited Statement of Cash Flo
Unaudited Statement of Cash Flows - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Cash Flows from Operating Activities | ||
Net loss for the period | $ (21,125) | $ (27,979) |
Changes in assets and liabilities | ||
Accounts Receivable - Related Party | (473) | |
Prepaid expenses and other assets | (5,000) | |
Accounts Payable | 2,000 | (100) |
Shares issued for services | 12,800 | |
Net cash used in operating activities | (19,598) | (20,279) |
Cash Flows from Investing Activities | ||
Cash Flows from Investing Activities | ||
Cash Flows from Financing Activities Cash (Used) or provided by: | ||
Due to related party | 932 | 2,615 |
Sale of common stock | 55,840 | |
Subscription Receivable | 6,000 | |
Net cash provided by financing activities | 6,932 | 58,455 |
Increase (Decrease) in Cash | (12,666) | 38,176 |
Increase in Cash | ||
Cash at beginning of period | 24,494 | 100 |
Cash at end of period | 11,828 | 38,276 |
Supplemental Disclosure of Interest and Income Taxes Paid | ||
Interest paid during the period | ||
Income taxes paid during the period |
Unaudited Statement of the Chan
Unaudited Statement of the Changes in Shareholder's Equity - USD ($) | Common Stock | Additional Paid-In Capital | Accumulated Deficit | Subscription Receivable | Total |
Beginning Balance at Dec. 31, 2017 | $ 2,000 | $ (14,390) | $ (2,000) | $ (14,390) | |
Beginning Balance, Shares at Dec. 31, 2017 | 20,000,000 | ||||
Shares issued for cash | $ 28 | 55,812 | 55,840 | ||
Shares issued for cash, Shares | 279,200 | ||||
Shares issued for services | $ 6 | 12,794 | 12,800 | ||
Shares issued for services, Shares | 64,000 | ||||
Subscription receivable | $ 5 | 9,995 | (10,000) | ||
Subscription receivable, Shares | 50,000 | ||||
Net Loss | (27,979) | (27,979) | |||
Ending Balance at Mar. 31, 2018 | $ 2,039 | 78,601 | (42,369) | (12,000) | 26,271 |
Ending Balance, Shares at Mar. 31, 2018 | 20,393,200 | ||||
Beginning Balance at Dec. 31, 2018 | $ 2,056 | 111,284 | (99,554) | (6,000) | 7,786 |
Beginning Balance, Shares at Dec. 31, 2018 | 20,556,700 | ||||
Subscription receivable | 6,000 | 6,000 | |||
Net Loss | (21,125) | (21,125) | |||
Ending Balance at Mar. 31, 2019 | $ 2,056 | $ 111,284 | $ (120,679) | $ (7,339) | |
Ending Balance, Shares at Mar. 31, 2019 | 20,556,700 |
DESCRIPTION OF BUSINESS
DESCRIPTION OF BUSINESS | 3 Months Ended |
Mar. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
DESCRIPTION OF BUSINESS | NOTE 1 – DESCRIPTION OF BUSINESS Thenablers, Inc. (“Thenablers, Inc.” or the “Company”) was incorporated in the State of Nevada on November 3, 2017. The Company is an International Business Development organization focused in the development and execution of New Market Strategies for its clients by providing access to distributors and strategic partners for growing their brand and customer base. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The interim financial statements are unaudited and have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. In the opinion of management, the unaudited financial statements and notes have been prepared on the same basis as the audited financial statements for the year ended December 31, 2018 and include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the Company’s financial position at March 31, 2019 and statements of operations and cash flows for the three months ended March 31, 2019 and 2018. The accompanying unaudited financial statements reflect the application of certain significant accounting policies as described below and elsewhere in these notes to the unaudited financial statements. As of March 31, 2019, the Company’s significant accounting policies and estimates, which are detailed in the Company’s audited financial statements for the year ended December 31, 2018, have not changed. Accounting Basis The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP”). The Company has adopted a December 31 fiscal year end. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Reclassification Certain prior period amounts have been reclassified to conform with the current period presentation. Cash and Cash Equivalents Company considers all cash on hand and in banks, certificates of deposit and other highly-liquid investments with maturities of three months or less, when purchased, to be cash and cash equivalents. Accounts Receivable The company has entered into related party transactions with companies owned or subject to significant influence by management, directors and principle shareholders. The balance in accounts receivable are payable upon demand and have arisen from the provision of services based on contracts with customers. Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. 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 The Company recognizes revenue in accordance with FASB ASC 606 upon the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Revenue recognized from contracts with customers is disclosed separately from other sources of revenue. Stock-Based Compensation The measurement and recognition of stock - based compensation expense is based on estimated fair values for all share-based awards made to employees and directors, including stock options and for non-employee equity transactions as per ASC 718 rules. For transactions in which we obtain certain services of employees, directors, and consultants in exchange for an award of equity instruments, we measure the cost of the services based on the grant date fair value of the award. We recognize the cost over the vesting period. Basic Income (Loss) Per Share Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of March 31, 2019 Recent Accounting Pronouncements The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow. The FASB’s new standard on accounting for leases that came into effect as of January 1, 2019 for US public companies that enter into lease arrangements or sign contracts containing leases to support their business had no effect on the company as they do not have any leases. Subsequent Events The Company has analyzed the transactions from March 31, 2019 to the date these financial statements were issued for subsequent event disclosure purposes. |
GOING CONCERN
GOING CONCERN | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
GOING CONCERN | NOTE 3 – GOING CONCERN The accompanying unaudited financial statements have been prepared in conformity with generally accepted accounting principles, which contemplates the continuation of the Company as a going concern. The Company had no revenues for the three months ended March 31, 2018 but had revenues of $473 for the three months ended March 31, 2019. The Company currently has limited working capital and is continuing its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern. |
DUE TO RELATED PARTY
DUE TO RELATED PARTY | 3 Months Ended |
Mar. 31, 2019 | |
Related Party Transactions [Abstract] | |
DUE TO RELATED PARTY | NOTE 4 – DUE TO RELATED PARTY During the period from November 3, 2017 to March 31, 2019, Mr. Panagiotis Lazaretos, the Company’s President and Director, Mr. Panagiotis Tolis, the Company’s Secretary and a Director, Mr. Theofylaktos P. Oikonomou, the Company’s Director and Mr. Eleftherios Kontos the Company’s Director, have periodically advanced the Company funds as unsecured obligations. The funds were used to pay travel and operating expenses of the Company. The obligations bear no interest, have no fixed term and are not evidenced by any written agreement. The amounts due to related parties were $25,640 and $24,708 as of March 31, 2019 and December 31, 2018 respectively. |
NOTE PAYABLE
NOTE PAYABLE | 3 Months Ended |
Mar. 31, 2019 | |
Debt Disclosure [Abstract] | |
NOTE PAYABLE | NOTE 5 – NOTE PAYABLE On May 7, 2018, Thenablers Inc. made a loan to Thenablers Ltd. for $30,0000. The loan bears no interest and it must be paid back by June 30 th Thenablers Ltd asked for an extension in the repayment of the loan and proposed a payment plan for one-third installments of $10,000 each to be paid on July 31 th st th st Further, the second installment of $10,000 was paid on October 22, 2018 and an additional extension has been given for the 3 rd th st |
ACCOUNTS RECEIVABLE AND PREPAID
ACCOUNTS RECEIVABLE AND PREPAID EXPENSES | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
ACCOUNTS RECEIVABLE AND PREPAID EXPENSES | NOTE 6– ACCOUNTS RECEIVABLE AND PREPAID EXPENSES The company has an account receivable of $3,473 from related party, Thenablers Ltd Cyprus as of March 31, 2019 and $3,000 of that was received on April 23, 2019. Prepaid expenses consist of amounts paid in advance for items that have not yet occurred as of the end of the period. There are no prepaid expenses as of March 31, 2019. |
COMMON STOCK
COMMON STOCK | 3 Months Ended |
Mar. 31, 2019 | |
Equity [Abstract] | |
COMMON STOCK | NOTE 7 – COMMON STOCK Issuance of Common Stock The Company has 200,000,000, $0.0001 par value shares of common stock authorized. The Company issued 20,000,000 to its founders valued at $2000 ($0.0001 per share). On January 15, 2018, the Company issued 10,000 shares of common stock to Prodromos Nikolaidis for cash proceeds of $2,000.00 at $0.20 per share. On January 15, 2018, the Company issued 10,000 shares of common stock to Stavros Nikolaidis for cash proceeds of $2,000.00 at $0.20 per share. On January 17, 2018, the Company issued 25,000 shares of common stock to Anargyros Vasilakos for cash proceeds of $5,000.00 at $0.20 per share. On January 18, 2018, the Company issued 10,000 shares of common stock to Alexndros Koukas for cash proceeds of $2,000.00 at $0.20 per share. On January 29, 2018, the Company issued 15,000 shares of common stock to Georgios Kapaniris for cash proceeds of $3,000.00 at $0.20 per share. On February 9, 2018, the Company issued 10,000 shares of common stock to Marina Brisimi for cash proceeds of $2,000.00 at $0.20 per share. On February 9, 2018, the Company issued 10,000 shares of common stock to Evangelos Brisimis for cash proceeds of $2,000.00 at $0.20 per share. On February 9, 2018, the Company issued 15,000 shares of common stock to Dessislav Krumov Djarkov for cash proceeds of $3,000.00 at $0.20 per share. On February 12, 2018, the Company issued 50,000 shares of common stock to Athanasios Tolis for cash proceeds of $10,000.00 at $0.20 per share. On February 14, 2018, the Company issued 10,000 shares of common stock to George Mengos for cash proceeds of $2,000.00 at $0.20 per share. On February 19, 2018, the Company issued 15,000 shares of common stock to Nektarios Tzortzoglou for cash proceeds of $3,000.00 at $0.20 per share. On February 19, 2018, the Company issued 10,000 shares of common stock to Vilelmini Fatourou for cash proceeds of $2,000.00 at $0.20 per share. On February 22, 2018, the Company issued 10,000 shares of common stock to Dogan Omer Ozyigit for cash proceeds of $2,000.00 at $0.20 per share. On February 28, 2018, the Company issued 10,000 shares of common stock to Robert Brown for cash proceeds of $2,000.00 at $0.20 per share. On March 1, 2018, the Company issued 16,000 shares of common stock to Dragon Ventures Management, Inc. for services rendered of $3,200.00 at fair market value of $0.20 per share. On March 1, 2018, the Company issued 16,000 shares of common stock to GMPraxis Inc. for services rendered of $3,200.00 at fair market value of $0.20 per share. On March 1, 2018, the Company issued 16,000 shares of common stock to Field Insights CEE, SRL Inc. for services rendered of $3,200.00 at fair market value of $0.20 per share. On March 5, 2018, the Company issued 10,000 shares of common stock to First Call Holding Cyprus for cash proceeds of $2,000.00 at $0.20 per share. On March 5, 2018, the Company issued 11,700 shares of common stock to Efthymia Lioulia for cash proceeds of $2,340.00 at $0.20 per share. On March 8, 2018, the Company issued 10,000 shares of common stock to Donald Ruan for cash proceeds of $2,000.00 at $0.20 per share. On March 9, 2018, the Company issued 10,000 shares of common stock to Peter Brown for cash proceeds of $2,000.00 at $0.20 per share. On March 12, 2018, the Company issued 10,000 shares of common stock to Predica Constanta for cash proceeds of $2,000.00 at $0.20 per share. On March 23, 2018, the Company issued 10,000 shares of common stock to Patricia Franco for cash proceeds of $2,000.00 at $0.20 per share. On March 23, 2018, the Company issued 25,000 shares of common stock to Filippo Giacomo for cash proceeds of $5,000.00 at $0.20 per share. On March 26, 2018, the Company issued 10,000 shares of common stock to Renee Deschaine for cash proceeds of $2,000.00 at $0.20 per share. On March 28, 2018, the Company issued 12,500 shares of common stock to Konstantinos Piperas for cash proceeds of $2,500.00 at $0.20 per share. On March 28, 2018, the Company issued 16,000 shares of common stock to CEO Medya Pazarlama Ve Ajans Hizmetleri, Ltd. for services rendered of $3,200.00 at fair market value of $0.20 per share. On March 30, 2018, the Company issued 10,000 shares of common stock to William Bartels for cash proceeds of $2,000.00 at $0.20 per share. On April 2, 2018, the Company issued 25,000 shares of common stock to Mehmet Metin Yilmaz for cash proceeds of $5,000.00 at $0.20 per share. On April 3, 2018, the Company issued 10,000 shares of common stock to George Sakoulas for cash proceeds of $2,000.00 at $0.20 per share. On April 4, 2018, the Company issued 32,000 shares of common stock to Spar PTY Ltd for cash proceeds of $6,400.00 at $0.20 per share. On April 4, 2018, the Company issued 24,000 shares of common stock to Floor Graphics BG Ltd for cash proceeds of $4,800.00 at $0.20 per share. On April 10, 2018, the Company issued 25,000 shares of common stock to Michael Stefanidis for cash proceeds of $5,000.00 at $0.20 per share. On April 11, 2018, the Company issued 12,500 shares of common stock to Ilias Bouzalas for cash proceeds of $2,500.00 at $0.20 per share. On April 23, 2018, the Company issued 10,000 shares of common stock to Kimberly Villani for cash proceeds of $2,000.00 at $0.20 per share. On April 23, 2018, the Company issued 25,000 shares of common stock to James Daniel Williams for cash proceeds of $5,000.00 at $0.20 per share. |
CHANGES IN EQUITY
CHANGES IN EQUITY | 3 Months Ended |
Mar. 31, 2019 | |
Equity [Abstract] | |
CHANGES IN EQUITY | NOTE 8 – CHANGES IN EQUITY The company had a balance of $7,786 in total equity at the beginning of the year, January 1, 2019. With the receipt of $6,000 in subscription receivables and the net loss of $21,125 for the three months ended March 31, 2019 the ending balance is a deficit of $7,339 as of March 31, 2019. For the year beginning January 1, 2018 the company had a shareholders’ deficit balance of $14,390. With the sale of 279,200 shares of common stock for a value of $55,840, with the issue of 64,000 shares of common stock for a value of $12,800, the receipt of $10,000 in subscription receivables and the net loss of $27, 979 for the three months ended March 31, 2018 the ending balance in equity was $26,271 as of March 31, 2018. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 3 Months Ended |
Mar. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 9 – COMMITMENTS AND CONTINGENCIES The Company neither owns nor leases any real or personal property. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future. |
INCOME TAXES
INCOME TAXES | 3 Months Ended |
Mar. 31, 2019 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 10 – INCOME TAXES Due to the Company’s net loss position, there was no provision for income taxes recorded. As a result of the Company’s losses to date, there exists doubt as to the ultimate realization of the deferred tax assets. Accordingly, a valuation allowance equal to the total deferred tax assets has been recorded. The components of net deferred tax assets are as follows: March 31, March 31, 2019 2018 Net operating loss carry-forward $ 121,152 $ 42,369 Less: valuation allowance (121,152 ) (42,369 ) Net deferred tax asset $ — $ — The Company had federal net operating loss carry forwards for tax purposes of approximately $42,369 at March 31, 2018, and approximately $121,152 at March 31, 2019, which may be available to offset future taxable income. Utilization of the net operating loss carry forwards may be subject to substantial annual limitations due to the ownership change limitations provided by Section 381 of the Internal Revenue Code of 1986, as amended. The annual limitation may result in the expiration of net operating loss carry forwards before utilization. |
SUBSEQUENT EVENT
SUBSEQUENT EVENT | 3 Months Ended |
Mar. 31, 2019 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENT | NOTE 11 – SUBSEQUENT EVENT In accordance with SFAS 165 (ASC 855-10) the Company has analyzed its operations subsequent to March 31, 2019 through May 22, 2019, the date these financial statements were issued, and has determined that the following are material subsequent events to these financial statements. On May 20, 2019, the Company issued 40,000 shares of common stock to Panagiotis Avramidis for cash proceeds of $10,000.00 at $0.25 per share. On May 20, 2019, the Company issued 20,000 shares of common stock to Savvas Dimopoulos for cash proceeds of $5,000.00 at $0.25 per share. On May 22, 2019, the Company issued 20,000 shares of common stock to Anargyros Vasilakos for cash proceeds of $5,000.00 at $0.25 per share. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The interim financial statements are unaudited and have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. In the opinion of management, the unaudited financial statements and notes have been prepared on the same basis as the audited financial statements for the year ended December 31, 2018 and include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the Company’s financial position at March 31, 2019 and statements of operations and cash flows for the three months ended March 31, 2019 and 2018. The accompanying unaudited financial statements reflect the application of certain significant accounting policies as described below and elsewhere in these notes to the unaudited financial statements. As of March 31, 2019, the Company’s significant accounting policies and estimates, which are detailed in the Company’s audited financial statements for the year ended December 31, 2018, have not changed. |
Accounting Basis | Accounting Basis The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP”). The Company has adopted a December 31 fiscal year end. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Reclassification | Reclassification Certain prior period amounts have been reclassified to conform with the current period presentation. |
Accounts Receivable | Accounts Receivable The company has entered into related party transactions with companies owned or subject to significant influence by management, directors and principle shareholders. The balance in accounts receivable are payable upon demand and have arisen from the provision of services based on contracts with customers. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. |
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 The Company recognizes revenue in accordance with FASB ASC 606 upon the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Revenue recognized from contracts with customers is disclosed separately from other sources of revenue. |
Stock-Based Compensation | Stock-Based Compensation The measurement and recognition of stock - based compensation expense is based on estimated fair values for all share-based awards made to employees and directors, including stock options and for non-employee equity transactions as per ASC 718 rules. For transactions in which we obtain certain services of employees, directors, and consultants in exchange for an award of equity instruments, we measure the cost of the services based on the grant date fair value of the award. We recognize the cost over the vesting period. |
Basic Income (Loss) Per Share | Basic Income (Loss) Per Share Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of March 31, 2019 |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow. The FASB’s new standard on accounting for leases that came into effect as of January 1, 2019 for US public companies that enter into lease arrangements or sign contracts containing leases to support their business had no effect on the company as they do not have any leases. |
Subsequent Events | Subsequent Events The Company has analyzed the transactions from March 31, 2019 to the date these financial statements were issued for subsequent event disclosure purposes. |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Income Tax Disclosure [Abstract] | |
Schedule of Deferred Tax Assets | The components of net deferred tax assets are as follows: March 31, March 31, 2019 2018 Net operating loss carry-forward $ 121,152 $ 42,369 Less: valuation allowance (121,152 ) (42,369 ) Net deferred tax asset $ — $ — |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Notes to Financial Statements | ||
Revenue | $ 473 |
DUE TO RELATED PARTY (Details N
DUE TO RELATED PARTY (Details Narrative) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Related Party Transactions [Abstract] | ||
Due to Related Party | $ 25,640 | $ 24,708 |
NOTE PAYABLE (Details Narrative
NOTE PAYABLE (Details Narrative) - USD ($) | Apr. 23, 2019 | Oct. 22, 2018 | Jul. 31, 2018 | Mar. 31, 2019 | Dec. 31, 2018 | May 07, 2018 |
Due from Related Party | $ 10,000 | $ 10,000 | ||||
Thenablers Ltd. [Member] | ||||||
Due from Related Party | $ 30,000 | |||||
Installment Paid | $ 4,000 | $ 10,000 | $ 10,000 |
ACCOUNTS RECEIVABLE AND PREPA_2
ACCOUNTS RECEIVABLE AND PREPAID EXPENSES (Details Narrative) - USD ($) | Apr. 23, 2019 | Mar. 31, 2019 | Dec. 31, 2018 |
Account Receivable from Related Party | $ 3,473 | $ 3,000 | |
Thenablers Ltd. [Member] | |||
Account Receivable from Related Party | $ 473 | $ 3,473 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 | Apr. 23, 2018 | Apr. 11, 2018 | Apr. 10, 2018 | Apr. 04, 2018 | Apr. 03, 2018 | Apr. 02, 2018 | Mar. 30, 2018 | Mar. 28, 2018 | Mar. 26, 2018 | Mar. 23, 2018 | Mar. 12, 2018 | Mar. 09, 2018 | Mar. 08, 2018 | Mar. 05, 2018 | Mar. 01, 2018 | Feb. 28, 2018 | Feb. 22, 2018 | Feb. 19, 2018 | Feb. 14, 2018 | Feb. 12, 2018 | Feb. 09, 2018 | Jan. 29, 2018 | Jan. 18, 2018 | Jan. 17, 2018 | Jan. 15, 2018 |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 | |||||||||||||||||||||||||
Common Stock, Par Value | $ .0001 | $ .0001 | |||||||||||||||||||||||||
Common Stock, Shares Issued | 20,556,700 | 20,556,700 | |||||||||||||||||||||||||
Common Stock, Value | $ 2,056 | $ 2,056 | |||||||||||||||||||||||||
Prodromos Nikolaidis [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||
Stavros Nikolaidis [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 25,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||
Anargyros Vasilakos [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 25,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||
Alexndros Koukas [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||
Georgios Kapaniris [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 15,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 30,000 | ||||||||||||||||||||||||||
Marina Brisimi [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||
Evangelos Brisimis [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||
Dessislav Krumov Djarkov [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 15,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 30,000 | ||||||||||||||||||||||||||
Athanasios Tolis [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 50,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 10,000 | ||||||||||||||||||||||||||
George Mengos [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||
Nektarios Tzortzoglou [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 15,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 3,000 | ||||||||||||||||||||||||||
Vilelmini Fatourou [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||
Dogan Omer Ozyigit [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||
Robert Brown [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||
Dragon Ventures Management, Inc. [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 16,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 3,200 | ||||||||||||||||||||||||||
GMPraxis Inc. [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 16,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 3,200 | ||||||||||||||||||||||||||
Field Insights CEE, SRL Inc. [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 16,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 3,200 | ||||||||||||||||||||||||||
First Call Holding Cyprus [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||
Efthymia Lioulia [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 11,700 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,340 | ||||||||||||||||||||||||||
Donald Ruan [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||
Peter Brown [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||
Predica Constanta [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||
Patricia Franco [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||
Filippo Giacomo [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 25,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||
Renee Deschaine [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||
Konstantinos Piperas [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 12,500 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,500 | ||||||||||||||||||||||||||
Medya Pazarlama Ve Ajans Hizmetleri, Ltd. [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 16,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 3,200 | ||||||||||||||||||||||||||
William Bartels [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||
Mehmet Metin Yilmaz [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 25,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||
George Sakoulas [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||
Spar PTY Ltd [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 32,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 6,400 | ||||||||||||||||||||||||||
Floor Graphics BG Ltd [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 24,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 4,800 | ||||||||||||||||||||||||||
Michael Stefanidis [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 25,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||
Ilias Bouzalas [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 12,500 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,500 | ||||||||||||||||||||||||||
Kimberly Villani [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||
James Daniel Williams [Member] | |||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||
Common Stock, Shares Issued | 25,000 | ||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 |
CHANGES IN EQUITY (Details Narr
CHANGES IN EQUITY (Details Narrative) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Changes In Equity | ||
Beginning Balance | $ 7,786 | $ (14,390) |
Sale of Common Stock | 55,840 | |
Issue of Common Stock | 12,800 | |
Subscription receivable | 6,000 | |
Net Loss | (21,125) | (27,979) |
Ending Balance | $ (7,339) | $ 26,271 |
INCOME TAXES (Details)
INCOME TAXES (Details) - USD ($) | Mar. 31, 2019 | Mar. 31, 2018 |
Income Tax Disclosure [Abstract] | ||
Net operating loss carry-forward | $ 121,152 | $ 42,369 |
Less: valuation allowance | (121,152) | (42,369) |
Net deferred tax asset |
SUBSEQUENT EVENT (Details Narra
SUBSEQUENT EVENT (Details Narrative) - USD ($) | May 22, 2019 | May 20, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Jan. 17, 2018 |
Common Stock, Par Value | $ .0001 | $ .0001 | |||
Common Stock, Shares Issued | 20,556,700 | 20,556,700 | |||
Common Stock, Value | $ 2,056 | $ 2,056 | |||
Anargyros Vasilakos [Member] | |||||
Common Stock, Par Value | $ 0.20 | ||||
Common Stock, Shares Issued | 25,000 | ||||
Common Stock, Value | $ 5,000 | ||||
Subsequent Event [Member] | Panagiotis Avramidis [Member] | |||||
Common Stock, Par Value | $ .25 | ||||
Common Stock, Shares Issued | 40,000 | ||||
Common Stock, Value | $ 10,000 | ||||
Subsequent Event [Member] | Savvas Dimopoulos [Member] | |||||
Common Stock, Par Value | $ .25 | ||||
Common Stock, Shares Issued | 20,000 | ||||
Common Stock, Value | $ 5,000 | ||||
Subsequent Event [Member] | Anargyros Vasilakos [Member] | |||||
Common Stock, Par Value | $ .25 | ||||
Common Stock, Shares Issued | 20,000 | ||||
Common Stock, Value | $ 5,000 |