Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2020 | Nov. 20, 2020 | |
Document And Entity Information | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2020 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 333-225239 | |
Entity Registrant Name | Elvictor Group, Inc. | |
Entity Central Index Key | 0001741489 | |
Entity Tax Identification Number | 82-3296328 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 30 Wall Street | |
Entity Address, City or Town | New York | |
Entity Address, State or Province | NY | |
Entity Address, Postal Zip Code | 10005 | |
Country Region | 646 | |
City Area Code | 491-6601 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Elected Not To Use the Extended Transition Period | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 21,235,100 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2020 |
Unaudited Balance Sheet
Unaudited Balance Sheet - USD ($) | Sep. 30, 2020 | Dec. 31, 2019 |
Current Assets | ||
Cash | $ 249,459 | $ 24,359 |
Accounts Receivable | 22,079 | |
Total Current Assets | 271,538 | 24,359 |
Long-term Assets | ||
ROU Asset - Related Party | 85,913 | |
Total Long-term Assets | 85,913 | |
Total Assets | 357,451 | 24,359 |
Current Liabilities | ||
Accounts Payable | 33,772 | 5,500 |
Other Payables | 249,067 | |
Lease Liability - Related Party | 68,831 | |
Accrued Payroll | 28,935 | 1,935 |
Due to related party | 20,538 | 163 |
Total Current Liabilities | 401,142 | 7,598 |
Long-term Liabilities | ||
Lease Liability - Related Party, net of current | 17,082 | |
Total Long-term Liabilities | 17,082 | |
Total Liabilities | 418,224 | 7,598 |
Stockholders' Equity | ||
Common stock, par value $0.0001; 200,000,000 common shares authorized; 21,235,100 and 20,781,700 common shares issued and outstanding at September 30, 2020 and December 31, 2019 respectively | 2,124 | 2,078 |
Preferred stock, par value $0.001; 100,000,000 preferred shares authorized; 80,000,000 preferred shares issued and outstanding at September 30, 2020 and December 31, 2019 respectively | 8,000 | 8,000 |
Additional paid in capital | 437,635 | 210,980 |
Accumulated deficit | (508,532) | (204,297) |
Total Stockholders' Equity | (60,773) | 16,761 |
Total Liabilities and Stockholders' Equity | $ 357,451 | $ 24,359 |
Unaudited Balance Sheet (Parent
Unaudited Balance Sheet (Parenthetical) - $ / shares | Sep. 30, 2020 | Dec. 31, 2019 |
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 | 21,235,100 | 20,781,700 |
Common Stock, Shares Outstanding | 21,235,100 | 20,781,700 |
Preferred Stock, Par Value | $ 0.0001 | $ 0.0001 |
Preferred Stock, Shares Authorized | 100,000,000 | 100,000,000 |
Preferred Stock, Shares Issued | 80,000,000 | 80,000,000 |
Preferred Stock, Shares Outstanding | 80,000,000 | 80,000,000 |
Unaudited Statement of Operatio
Unaudited Statement of Operations - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Income Statement [Abstract] | ||||
Revenue, net | $ 15,119 | $ 15,119 | ||
Revenue - Related party | 473 | |||
Total Revenue | 15,119 | 15,119 | 473 | |
Operating expenses | ||||
Professional fees | 30,022 | 17,000 | 200,328 | 33,000 |
Professional fees - Related Party | 21,000 | 32,460 | ||
Salaries - Officers | 9,000 | 27,000 | ||
Rent - Related Party | 16,005 | 16,005 | ||
Other general and administrative costs | 7,306 | 1,834 | 43,561 | 29,024 |
Total operating expenses | 83,333 | 18,834 | 319,354 | 62,024 |
Loss from operations | (68,214) | (18,834) | (304,235) | (61,551) |
Net loss | $ (68,214) | $ (18,834) | $ (304,235) | $ (61,551) |
Net Loss Per Common Stock - basic and fully diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted-average number of shares of common stock outstanding - basic and fully diluted | 21,468,453 | 20,679,743 | 21,140,206 | 20,639,825 |
Unaudited Statement of Cash Flo
Unaudited Statement of Cash Flows - USD ($) | 9 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Cash Flows from Operating Activities | ||
Net loss for the period | $ (304,235) | $ (61,551) |
Changes in assets and liabilities | ||
Accounts Receivable - Related Party | (22,079) | 3,000 |
Short-term Loan | 10,000 | |
ROU Asset - Related Party | (85,913) | |
Accounts Payable | 28,272 | 6,575 |
Other Payables | 249,067 | |
Lease Liability - Related Party | 85,913 | |
Accrued Payroll | 27,000 | |
Shares issued for services | 12,500 | 1,250 |
Net cash used in operating activities | (9,475) | (40,726) |
Cash Flows from Investing Activities | ||
Cash Flows from Investing Activities | ||
Cash Flows from Financing Activities Cash (Used) or provided by: | ||
Due to related party | 20,375 | (3,240) |
Sale of common stock | 214,200 | 30,000 |
Subscription Receivable | 3,702 | |
Net cash provided by financing activities | 234,575 | 30,462 |
Increase (Decrease) in Cash | 225,100 | (10,264) |
Increase in Cash | ||
Cash at beginning of period | 24,359 | 24,494 |
Cash at end of period | 249,459 | 14,230 |
Non-Cash Investing and Financing Transactions | ||
Forgiveness of debt by Directors | $ 21,468 |
Unaudited Statement of the Chan
Unaudited Statement of the Changes in Shareholder's Equity - USD ($) | Common Stock | Preferred Stock | Additional Paid-In Capital | Accumulated Deficit | Subscription Receivable | Total |
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 | |||||
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 | |||||
Shares issued for services | 1,250 | |||||
Subscription receivable | 3,702 | |||||
Forgiveness of Debt by Directors | 21,468 | |||||
Net Loss | (61,551) | |||||
Ending Balance at Sep. 30, 2019 | $ 2,068 | 163,990 | (161,105) | (2,298) | 2,655 | |
Ending Balance, Shares at Sep. 30, 2019 | 20,681,700 | |||||
Beginning Balance at Mar. 31, 2019 | $ 2,056 | 111,284 | (120,679) | (7,339) | ||
Beginning Balance, Shares at Mar. 31, 2019 | 20,556,700 | |||||
Shares issued for cash | $ 10 | 24,990 | 25,000 | |||
Shares issued for cash, Shares | 100,000 | |||||
Shares issued for services | 1,250 | 1,250 | ||||
Shares issued for services, Shares | 5,000 | |||||
Subscription receivable | (1,859) | (1,859) | ||||
Net Loss | (21,592) | (21,592) | ||||
Ending Balance at Jun. 30, 2019 | $ 2,066 | 137,524 | (142,271) | (1,859) | (4,540) | |
Ending Balance, Shares at Jun. 30, 2019 | 20,661,700 | |||||
Shares issued for cash | $ 2 | 4,998 | 5,000 | |||
Shares issued for cash, Shares | 20,000 | |||||
Subscription receivable | (439) | (439) | ||||
Forgiveness of Debt by Directors | 21,468 | 21,468 | ||||
Net Loss | (18,834) | (18,834) | ||||
Ending Balance at Sep. 30, 2019 | $ 2,068 | 163,990 | (161,105) | (2,298) | 2,655 | |
Ending Balance, Shares at Sep. 30, 2019 | 20,681,700 | |||||
Beginning Balance at Dec. 31, 2019 | $ 2,078 | $ 8,000 | 210,980 | (204,297) | 16,761 | |
Beginning Balance, Shares at Dec. 31, 2019 | 20,781,700 | 80,000,000 | ||||
Shares issued for cash | $ 41 | 207,159 | 207,200 | |||
Shares issued for cash, Shares | 414,400 | |||||
Subscription receivable | (10,000) | (10,000) | ||||
Net Loss | (110,151) | (110,151) | ||||
Ending Balance at Mar. 31, 2020 | $ 2,120 | $ 8,000 | 418,139 | (314,448) | (10,000) | 103,811 |
Ending Balance, Shares at Mar. 31, 2020 | 21,196,100 | 80,000,000 | ||||
Beginning Balance at Dec. 31, 2019 | $ 2,078 | $ 8,000 | 210,980 | (204,297) | 16,761 | |
Beginning Balance, Shares at Dec. 31, 2019 | 20,781,700 | 80,000,000 | ||||
Shares issued for services | 12,500 | |||||
Subscription receivable | ||||||
Forgiveness of Debt by Directors | ||||||
Net Loss | (304,235) | |||||
Ending Balance at Sep. 30, 2020 | $ 2,124 | $ 8,000 | 437,635 | (508,532) | (60,773) | |
Ending Balance, Shares at Sep. 30, 2020 | 21,235,100 | 80,000,000 | ||||
Beginning Balance at Mar. 31, 2020 | $ 2,120 | $ 8,000 | 418,139 | (314,448) | (10,000) | 103,811 |
Beginning Balance, Shares at Mar. 31, 2020 | 21,196,100 | 80,000,000 | ||||
Shares issued for cash | $ 1 | 6,999 | 7,000 | |||
Shares issued for cash, Shares | 14,000 | |||||
Shares issued for services | $ 3 | 12,497 | 12,500 | |||
Shares issued for services, Shares | 25,000 | |||||
Subscription receivable | 10,000 | 10,000 | ||||
Net Loss | (125,870) | (125,870) | ||||
Ending Balance at Jun. 30, 2020 | $ 2,124 | $ 8,000 | 437,635 | (440,318) | 7,441 | |
Ending Balance, Shares at Jun. 30, 2020 | 21,235,100 | 80,000,000 | ||||
Net Loss | (68,214) | (68,214) | ||||
Ending Balance at Sep. 30, 2020 | $ 2,124 | $ 8,000 | $ 437,635 | $ (508,532) | $ (60,773) | |
Ending Balance, Shares at Sep. 30, 2020 | 21,235,100 | 80,000,000 |
DESCRIPTION OF BUSINESS
DESCRIPTION OF BUSINESS | 9 Months Ended |
Sep. 30, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
DESCRIPTION OF BUSINESS | NOTE 1 – DESCRIPTION OF BUSINESS Elvictor Group, Inc. formerly known as Thenablers, Inc. (“Elvictor Group, Inc.” or the “Company”) was incorporated in the State of Nevada on November 3, 2017. With the change to the Elvictor name came the addition of the brand and new team in crew management in the shipping industry. "Elvictor (est.1977) has been active across various value-adding activities of the shipping sector, such as ship management, technical management, crewing & crew management. This decades-long spanning experience has been distilled into the listed company Elvictor Group, Inc. a Nevada corporation, the first crew management company historically to be listed on a stock market. Its professional core of activities includes crew management, training and the creation of in-house software related to crew and ship matters, for the amelioration of all its operations, facilitating both its employees and those that depend on them. With the gradual transfer of existing business from the private entity to the public, Elvictor aims to broaden its scope of activities, expanding on to new areas, while refining the existing ones. Placing prime importance on the subject of digitalization, Elvictor's plans run parallel with the extensive use of Artificial Intelligence, through the application of Machine and Deep Learning, in concert with the integration of a wide array of cloud systems. The strategic growth of the Group on a horizontal and vertical manner throughout the shipping industry will be reinforced with technologically adept tools, containing know-how and experience. As Elvictor is set on a technologically oriented path, the Group is ideologically flexible and would be open to other avenues of international business for the successful and profitable diversification of its portfolio." On December 13, 2019, pursuant to the approval of a majority of the voting interests for Thenablers, Inc. (hereinafter the “ Company Pursuant to the approval of that application to FINRA, and on February 27, 2020, the name of the Company was changed to Elvictor Group, Inc. on OTC Markets, and the symbol for trading was changed to “ELVG”. As of July 10, 2020, the company founded a subsidiary in Vari, Greece to assist the management in facilitating the operations of the company. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Sep. 30, 2020 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 – SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES Basis of Presentation The financial statements 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 financial statements and notes have been prepared on the same basis as the audited financial statements for the year ended December 31, 2019 and include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the Company’s financial position at September 30, 2020 and statements of operations and cash flows for the nine months ended September 30, 2020 and 2019. The accompanying financial statements reflect the application of certain significant accounting policies as described below and elsewhere in these notes to the financial statements. As of September 30, 2020, the Company’s significant accounting policies and estimates, which are detailed in the Company’s audited financial statements for the year ended December 31, 2019, have not changed. Principles of Consolidation The consolidated financial statements incorporate the assets and liabilities of all entities controlled by Elvictor Group, Inc as of September 30, 2020 and the results of the controlled subsidiary for the year then ended. Elvictor Group, Inc and its subsidiary together are referred to in this financial report as the consolidated entity. The effects of all transactions between entities in the consolidated entity are eliminated in full. The financial statements of subsidiaries are prepared for the same reporting period as the parent entity, using consistent accounting policies. 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 For the quarter ended September 30, 2020 the company has begun operations of crew manning and training and has accounts receivable due from its customers in the shipping industry. Contracts receivable from crew manning in the shipping industry are based on contracted prices. The Company provides an allowance for doubtful collections, which is based upon a review of outstanding receivables, historical collection information, and existing economic conditions. Normal contracts receivable are due 30 days after the issuance of the invoice, normally at the month’s end. Receivables past due more than 120 days are considered delinquent and they are written off based on individual credit evaluation and specific circumstances of the customer. The company has not entered into related party transactions with companies owned or subject to significant influence by management, directors and principle shareholders 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. Most of the Company’s revenues are recognized primarily under long-term contracts, including those for which revenues are based on either a fixed price, or cost-plus-fee basis, and primarily as performance obligations are satisfied. 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 September 30, 2020 Recent Accounting Pronouncements The Company has adopted the recently issued accounting pronouncements for 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. This standard has affected the financials in their presentation as recognizes right-of-use (“ROU”) assets and related lease liabilities on the balance sheet for all arrangements with terms longer than 12 months. Foreign Currency Translation The Company considers the U.S. dollar to be its functional currency as it is the currency of the primary economic environment in which the Company operates. Accordingly, monetary assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect at the balance sheet date and non-monetary assets and liabilities are translated at the exchange rates in effect at the time of acquisition or issue. Revenues and expenses are translated at rates approximating the exchange rates in effect at the time of the transactions. All exchange gains and losses are included in operations. Subsequent Events The Company has analyzed the transactions from September 30, 2020 to the date these financial statements were issued for subsequent event disclosure purposes. |
GOING CONCERN
GOING CONCERN | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
GOING CONCERN | NOTE 3 – GOING CONCERN The accompanying 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 $15,119 in revenue for the nine months ended September 30, 2020 and revenues of $473 for the nine months ended September 30, 2019. The Company has begun is crew manning operations and currently has sufficient working capital but is continuing its efforts to establish a stabilized source of revenues to cover operating costs over an extended period of time. Management anticipates that the Company will continue to seek 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. Even with the 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 | 9 Months Ended |
Sep. 30, 2020 | |
Related Party Transactions [Abstract] | |
DUE TO RELATED PARTY | NOTE 4 – DUE TO RELATED PARTY During the period from November 3, 2017 to December 31, 2019, Mr. Panagiotis Lazaretos, the then Company’s Director and Chief International Development Officer, Mr. Panagiotis Tolis, the Company’s Director and Chief Investment Relations Officer , Mr. Theofylaktos P. Oikonomou, the Company’s CFO and Mr. Eleftherios Kontos, 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 forgiven by the respective related parties as of September 30, 2019. During the quarter ended September 30, 2020, Mr. Stavros Galanakis, the company’s president, Mr. Konstantinos Galanakis, the company’s Director and Chief Executive Officer, Mr. Panagiotis Tolis, the Company’s Director and Chief Investment Relations Officer and Mr. Theofylaktos P. Oikonomou, the Company’s CFO had advanced the Company funds as unsecured obligations. The funds were used to pay travel and operating expenses on behalf of the Company. The obligations bear no interest, have no fixed term and are not evidenced by any written agreement. Additionally, the company formed a subsidiary in Vari, Greece and the Mrs. Aikaterini Galanakis, wife of Stavros Galanakis, is the owner of the building where the company leases its office and due to her is the rent as of September 30, 2020. Mr. Alexander Galanakis, the son of Stavros Galanakis, has advanced the subsidiary company funds for operations. As of September 30, 2020, the balance in due to related party is $20,538. |
ACCOUNTS RECEIVABLE
ACCOUNTS RECEIVABLE | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
ACCOUNTS RECEIVABLE | NOTE 5 – ACCOUNTS RECEIVABLE Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course of business. For the year ended December 31, 2019 the company had accounts receivable of $3,000 due from related party, Thenablers Ltd Cyprus, derived from the commission agreement signed on May 7, 2018 for sales and marketing assistance. The full amount has been paid and as of December 31, 2019. As of September 30, 2020, the company has accounts receivable of $22,079. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Sep. 30, 2020 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 6 – RELATED PARTY TRANSACTIONS On December 11, 2019, the Board of Directors voted to pay compensation to the then Chief Financial Officer, Mr. Thodoris Chouliaras, in the form of professional fees, the amount of $2,000 per month, retroactively from November 1, 2019 and paid bi-weekly. Mr. Chouliaras resigned on January 18, 2020. The total amount of $6,010 has been paid to him as of March 31, 2020. On January 21, 2020, Mr. Theofylaktos P. Oikonomou was elected as Chief Financial Officer and it was agreed to continue the compensation for the CFO in the amount of $2,000 per month beginning on February 1, 2020. The total amount of $16,000 has been accrued or paid to him as of September 30, 2020. As of the same board meeting of December 11, 2019 it was decided that the company would pay the Chief Operation Officer, Mr. Christodoulos Tzoutzakis and the Chief Investor Relations Officer, Mr. Panagiotis Tolis, compensation of $2000 per month for each starting on July 1, 2020. A total amount of $12,000 has been accrued in total for both. |
LEASES
LEASES | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
LEASES | NOTE 7 – LEASES As of September 30, 2020, the company has entered into one rental lease agreement for its subsidiary in Vari, Greece. The term of the lease is from July 10, 2020 to December 31, 2020 with a fixed monthly rental payment. Lease Operating Expense is as follows: For the nine months ended September 30, 2020 $13,548 Because we generally do not have access to the rate implicit in the lease, we utilize our incremental borrowing rate as the discount rate. As of September 30, 2020, the discount rate was 2.95%. The Operating Lease Liabilities are as follows: Three Months Ended For the Year Ended Total Undiscounted Less: Total Operating 31-Dec-20 31-Dec-21 Payments Interest Lease Liabilities $ 20,812 $ 77,973 $ 98,785 $ 12,872 $ 85,913 The ROU Asset is as follows: Three Months Ended For the Year Ended Total Undiscounted Less: Interest Total Operating 31-Dec-20 31-Dec-21 Payments Lease Liabilities $ 20,812 $ 77,973 $ 98,785 $ 12,872 $ 85,913 |
OTHER PAYABLES
OTHER PAYABLES | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
OTHER PAYABLES | NOTE 8 - OTHER PAYABLES As part of one of the services in the manning of a crew provided by the company to the shipping companies is that the company makes the bank transfers of the wages to the crew, on the customer’s behalf. The shipping companies transfer the funds to the company’s bank account and then the company makes each payment to indicated crew. In its capacity, the company will show the balance of the funds received and not yet transferred to the crew as Other Payables on the Balance Sheet. The amount of Other Payables for crew wages is $225,705 as of September 30, 2020. |
COMMON STOCK
COMMON STOCK | 9 Months Ended |
Sep. 30, 2020 | |
Disclosure Common Stock Abstract | |
COMMON STOCK | NOTE 9 – COMMON STOCK Issuance of Common Stock The Company has 200,000,000, $0.0001 par value shares of common stock authorized. At September 30, 2020 and December 31, 2019 there were 21,235,100 and 20,781,700 common shares issued and outstanding respectively. 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 Alexandros 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 30, 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. On May 1, 2019, the Company issued 5,000 shares of common stock to Theodore Giamias for services rendered of $1,250.00 at fair market value of $0.25 per share. 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 Anargyris Vasilakos for cash proceeds of $5,000.00 at $0.25 per share. On May 29, 2019, the Company issued 20,000 shares of common stock to Dimitrios Agapitos for cash proceeds of $5,000.00 at $0.25 per share. On July 10, 2019, the Company issued 20,000 shares of common stock to Nikolaos Zavras for cash proceeds of $5,000.00 at $0.25 per share On October 7, 2019, the Company issued 100,000 shares of common stock to Eilers Law Group, P.A. for services rendered of $25,000.00 at fair market value of $0.25 per share On January 9, 2020, the Company issued 60,000 shares of common stock to Georgios Tzevachiridis for cash proceeds of $30,000 at fair market value of $0.50 per share On January 13, 2020, the Company issued 16,000 shares of common stock to Georgios Kaloritis for cash proceeds of $8,000 at fair market value of $0.50 per share On January 14, 2020, the Company issued 4,000 shares of common stock to Georgios Maschonas for cash proceeds of $2,000 at fair market value of $0.50 per share On January 16, 2020, the Company issued 4,200 shares of common stock to Grigorios Koutsoliakos for cash proceeds of $2,100 at fair market value of $0.50 per share On January 16, 2020, the Company issued 5,000 shares of common stock to Georgios Galanakis for cash proceeds of $2,500 at fair market value of $0.50 per share On January 16, 2020, the Company issued 5,000 shares of common stock to Alexandros Galanakis for cash proceeds of $2,500 at fair market value of $0.50 per share On January 17, 2020, the Company issued 4,000 shares of common stock to Dimitrios Kalosakas for cash proceeds of $2,000 at fair market value of $0.50 per share On January 17, 2020, the Company issued 6,000 shares of common stock to Alexandros Ntoutsoulis for cash proceeds of $3,000 at fair market value of $0.50 per share On January 20, 2020, the Company issued 20,000 shares of common stock to Chkhaidze Soslan for cash proceeds of $10,000 at fair market value of $0.50 per share On January 20, 2020, the Company issued 10,000 shares of common stock to Aikaterini Pagoni for cash proceeds of $5,000 at fair market value of $0.50 per share On January 21, 2020, the Company issued 10,000 shares of common stock to Christos Soultatis for cash proceeds of $5,000 at fair market value of $0.50 per share On January 21, 2020, the Company issued 10,000 shares of common stock to Vasileios Iliopoulos for cash proceeds of $5,000 at fair market value of $0.50 per share On January 22, 2020, the Company issued 50,000 shares of common stock to Maria Petraki for cash proceeds of $25,000 at fair market value of $0.50 per share On January 27, 2020, the Company issued 50,000 shares of common stock to Loukas Moschos for cash proceeds of $25,000 at fair market value of $0.50 per share On January 27, 2020, the Company issued 4,000 shares of common stock to Foteini Chalamandari for cash proceeds of $2,000 at fair market value of $0.50 per share On January 31, 2020, the Company issued 4,200 shares of common stock to Areti Magaliou for cash proceeds of $2,100 at fair market value of $0.50 per share On February 3, 2020, the Company issued 50,000 shares of common stock to Georgios Siderakis for cash proceeds of $25,000 at fair market value of $ per share On February 4, 2020, the Company issued 10,000 shares of common stock to Athanasios Malliaros for cash proceeds of $5,000 at fair market value of $0.50 per share On February 5, 2020, the Company issued 10,000 shares of common stock to Branko Krznaric for cash proceeds of $5,000 at fair market value of $0.50 per share On February 5, 2020, the Company issued 10,000 shares of common stock to Pantelis Dimitroglou for cash proceeds of $5,000 at fair market value of $0.50 per share On February 10, 2020, the Company issued 10,000 shares of common stock to Konstantinos Papagalos for cash proceeds of $5,000 at fair market value of $0.50 per share On February 24, 2020, the Company issued 20,000 shares of common stock to Antonios Bitounis for cash proceeds of $10,000 at fair market value of $0.50 per share On March 17, 2020, the Company issued 6,000 shares of common stock to Nicoletta Ashiotou for cash proceeds of $3,000 at fair market value of $0.50 per share On March 20, 2020, the Company issued 10,000 shares of common stock to Christakis Komodromos for cash proceeds of $5,000 at fair market value of $0.50 per share On March 20, 2020, the Company issued 6,000 shares of common stock to Pavlina Kattiki Assiotou for cash proceeds of $3,000 at fair market value of $0.50 per share On March 23, 2020, the Company issued 20,000 shares of common stock to Kleon Manakidis for cash proceeds of $10,000 at fair market value of $0.50 per share On April 1, 2020, the Company issued 14,000 shares of common stock to Anargyros Vasilakos for cash proceeds of $7,000 at fair market value of $0.50 per share On April 28, 2020, the Company issued 25,000 shares of common stock to Eilers Law Group, P.A. for services rendered of $12,500 at fair market value of $0.50 per share Issuance of Preferred Stock On October 7, 2019, Elvictor Group, Inc. entered into four separate “Series A Convertible Preferred Stock Purchase Agreements” for exactly 80,000,000 shares of a newly designated Series A Preferred Stock, in exchange for an aggregate purchase price of $30,000.00 pursuant to Regulation S of the Securities Act of 1933, as amended. Per the terms of the Agreements, these shares may not be converted for one year after they are issued and shall automatically convert exactly 18 months after the issuance of each share into a number of shares of Common Stock to be determined based on the Company’s performance. The holders of Series A Preferred Stock shall be entitled to vote with the shares of the Company’s Common Stock on any vote in which holders of the Common Stock are entitled to vote and shall have voting rights equal to exactly one vote per share of Series A Preferred Stock. The stocks were issued to: On October 7, 2019, the Company issued 24,000,000 shares of preferred stock to Aikaterini Galanaki for cash proceeds of $6,600.00 at 0.000375 per share On October 7, 2019, the Company issued 28,000,000 shares of preferred stock to Konstantinos Galanakis for cash proceeds of $7,700.00 at 0.000375 per share On October 7, 2019, the Company issued 27,800,000 shares of preferred stock to Stavros Galanakis for cash proceeds of $7,645.00 at 0.000375 per share On October 7, 2019, the Company issued 200,000 shares of preferred stock to Theodoros Chouliaras for cash proceeds of $55.00 at 0.000375 per share At September 30, 2020 and December 31, 2019 there 80,000,000 Preferred shares issued and outstanding. |
CHANGES IN EQUITY
CHANGES IN EQUITY | 9 Months Ended |
Sep. 30, 2020 | |
Changes In Equity | |
CHANGES IN EQUITY | NOTE 10 – CHANGES IN EQUITY For the year beginning January 1, 2020 the company had a shareholders’ deficit balance of $16,761. With the sale of 428,400 shares of common stock for a value of $214,200, with the issue of 25,000 shares of common stock for services for a value of $12,500, the receipt of $10,000 in subscription receivables, and the net loss of $304,235 for the nine months ended September 30, 2020 the ending balance in equity is a deficit of $60,773 as of September 30, 2020. For the year beginning January 1, 2019 the company had a shareholders’ deficit balance of $7,786. With the sale of 120,000 shares of common stock for a value of $30,000, with the issue of 5,000 shares of common stock for services for a value of $1,250, the receipt of $6,000 in subscription receivables and the net loss of $61,551 for the nine months ended September 30, 2019 the ending balance is $2,655 as of September 30, 2019. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Sep. 30, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 11 – COMMITMENTS AND CONTINGENCIES The Company entered in a long-term rental lease agreement for offices of its subsidiary branch in Vari, Greece for the period commencing from July 10, 2020 through December 31, 2021 in the amount of $5,180 per month, the first month July was adjusted for the shortened period. The lessor is the wife of the company’s president, Mr. Stavros Galanakis. The lease liability included in Current and Long-term liabilities on the accompanying Balance Sheet as of September 30, 2020. |
INCOME TAXES
INCOME TAXES | 9 Months Ended |
Sep. 30, 2020 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 12 – 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: September 30, September 30, 2020 2019 Net operating loss carry-forward $ 508,532 $ 161,105 Less: valuation allowance -508,532 -161,105 Net deferred tax asset $ $ The Company had federal net operating loss carry forwards for tax purposes of approximately $161,105 at September 30, 2019 and approximately $508,532 at September 30, 2020, 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 | 9 Months Ended |
Sep. 30, 2020 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENT | NOTE 13 – SUBSEQUENT EVENT In accordance with SFAS 165 (ASC 855-10) the Company has analyzed its operations subsequent to September 30, 2020 through November 20, 2020 |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Sep. 30, 2020 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The financial statements 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 financial statements and notes have been prepared on the same basis as the audited financial statements for the year ended December 31, 2019 and include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the Company’s financial position at September 30, 2020 and statements of operations and cash flows for the nine months ended September 30, 2020 and 2019. The accompanying financial statements reflect the application of certain significant accounting policies as described below and elsewhere in these notes to the financial statements. As of September 30, 2020, the Company’s significant accounting policies and estimates, which are detailed in the Company’s audited financial statements for the year ended December 31, 2019, have not changed. |
Principles of Consolidation | Principles of Consolidation The consolidated financial statements incorporate the assets and liabilities of all entities controlled by Elvictor Group, Inc as of September 30, 2020 and the results of the controlled subsidiary for the year then ended. Elvictor Group, Inc and its subsidiary together are referred to in this financial report as the consolidated entity. The effects of all transactions between entities in the consolidated entity are eliminated in full. The financial statements of subsidiaries are prepared for the same reporting period as the parent entity, using consistent accounting policies. |
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. |
Reclassification | Reclassification Certain prior period amounts have been reclassified to conform with the current period presentation. |
Cash and Cash Equivalents | 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 | Accounts Receivable For the quarter ended September 30, 2020 the company has begun operations of crew manning and training and has accounts receivable due from its customers in the shipping industry. Contracts receivable from crew manning in the shipping industry are based on contracted prices. The Company provides an allowance for doubtful collections, which is based upon a review of outstanding receivables, historical collection information, and existing economic conditions. Normal contracts receivable are due 30 days after the issuance of the invoice, normally at the month’s end. Receivables past due more than 120 days are considered delinquent and they are written off based on individual credit evaluation and specific circumstances of the customer. The company has not entered into related party transactions with companies owned or subject to significant influence by management, directors and principle shareholders |
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. Most of the Company’s revenues are recognized primarily under long-term contracts, including those for which revenues are based on either a fixed price, or cost-plus-fee basis, and primarily as performance obligations are satisfied. |
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 September 30, 2020 |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company has adopted the recently issued accounting pronouncements for 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. This standard has affected the financials in their presentation as recognizes right-of-use (“ROU”) assets and related lease liabilities on the balance sheet for all arrangements with terms longer than 12 months. |
Foreign Currency Translation | Foreign Currency Translation The Company considers the U.S. dollar to be its functional currency as it is the currency of the primary economic environment in which the Company operates. Accordingly, monetary assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect at the balance sheet date and non-monetary assets and liabilities are translated at the exchange rates in effect at the time of acquisition or issue. Revenues and expenses are translated at rates approximating the exchange rates in effect at the time of the transactions. All exchange gains and losses are included in operations. |
Subsequent Events | Subsequent Events The Company has analyzed the transactions from September 30, 2020 to the date these financial statements were issued for subsequent event disclosure purposes. |
LEASES (Tables)
LEASES (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Schedule of Operating Lease Liabilities | The Operating Lease Liabilities are as follows: Three Months Ended For the Year Ended Total Undiscounted Less: Total Operating 31-Dec-20 31-Dec-21 Payments Interest Lease Liabilities $ 20,812 $ 77,973 $ 98,785 $ 12,872 $ 85,913 |
Schedule of ROU Asset | The ROU Asset is as follows: Three Months Ended For the Year Ended Total Undiscounted Less: Interest Total Operating 31-Dec-20 31-Dec-21 Payments Lease Liabilities $ 20,812 $ 77,973 $ 98,785 $ 12,872 $ 85,913 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Income Tax Disclosure [Abstract] | |
Schedule of Deferred Tax Assets | The components of net deferred tax assets are as follows: September 30, September 30, 2020 2019 Net operating loss carry-forward $ 508,532 $ 161,105 Less: valuation allowance -508,532 -161,105 Net deferred tax asset $ $ |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Notes to Financial Statements | ||||
Revenue | $ 15,119 | $ 15,119 | $ 473 |
DUE TO RELATED PARTY (Details N
DUE TO RELATED PARTY (Details Narrative) - USD ($) | Sep. 30, 2020 | Dec. 31, 2019 |
Related Party Transactions [Abstract] | ||
Due to Related Party | $ 20,538 | $ 163 |
ACCOUNTS RECEIVABLE (Details na
ACCOUNTS RECEIVABLE (Details narrative) - USD ($) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | |
Accounts Receivable | $ 22,079 | ||
Accounts Receivable, Related Party | $ (22,079) | $ 3,000 | |
Thenablers Ltd Cyprus | |||
Accounts Receivable, Related Party | $ 3,000 |
LEASES (Details)
LEASES (Details) - USD ($) | Sep. 30, 2020 | Dec. 31, 2019 |
Notes to Financial Statements | ||
2020 | $ 20,812 | |
2021 | 77,973 | |
Total Undiscounted Payments | 98,785 | |
Less: Interest | 12,872 | |
Total Operating Lease Liabilities | $ 85,913 |
LEASES (Details Narrative)
LEASES (Details Narrative) | 9 Months Ended |
Sep. 30, 2020USD ($) | |
Notes to Financial Statements | |
Lease Operating Expense | $ 13,548 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - USD ($) | Apr. 28, 2020 | Jun. 30, 2020 | Jun. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Oct. 07, 2020 | Apr. 02, 2020 | Mar. 23, 2020 | Mar. 20, 2020 | Mar. 17, 2020 | Feb. 24, 2020 | Feb. 10, 2020 | Feb. 05, 2020 | Feb. 04, 2020 | Feb. 03, 2020 | Jan. 31, 2020 | Jan. 27, 2020 | Jan. 22, 2020 | Jan. 21, 2020 | Jan. 20, 2020 | Jan. 17, 2020 | Jan. 16, 2020 | Jan. 14, 2020 | Jan. 13, 2020 | Jan. 09, 2020 | Dec. 31, 2019 | Oct. 07, 2019 | Jul. 10, 2019 | May 29, 2019 | May 22, 2019 | May 20, 2019 | May 01, 2019 | 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, Shares Issued | 21,235,100 | 20,781,700 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,124 | $ 2,078 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .0001 | $ .0001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued for services, Value | $ 12,500 | $ 1,250 | $ 12,500 | $ 1,250 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Shares Authorized | 100,000,000 | 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Shares Outstanding | 80,000,000 | 80,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Shares Issued | 80,000,000 | 80,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Value | $ 8,000 | $ 8,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Par Value | $ 0.0001 | $ 0.0001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prodromos Nikolaidis [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stavros Nikolaidis [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Anargyros Vasilakos [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 14,000 | 20,000 | 25,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 7,000 | $ 5,000 | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .50 | $ .25 | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Alexndros Koukas [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Georgios Kapaniris [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 15,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 3,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Marina Brisimi [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Evangelos Brisimis [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dessislav Krumov Djarkov [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 15,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 3,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Athanasios Tolis [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 50,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
George Mengos [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nektarios Tzortzoglou [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 15,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 3,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Vilelmini Fatourou [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dogan Omer Ozyigit [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Robert Brown [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dragon Ventures Management, Inc. [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 16,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 3,200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
GMPraxis Inc. [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 16,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 3,200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Field Insights CEE, SRL Inc. [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 16,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 3,200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
First Call Holding Cyprus [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Efthymia Lioulia [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 11,700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,340 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Donald Ruan [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Peter Brown [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Predica Constanta [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Patricia Franco [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Filippo Giacomo [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 25,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Renee Deschaine [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Konstantinos Piperas [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 12,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Medya Pazarlama Ve Ajans Hizmetleri, Ltd. [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 16,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 3,200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
William Bartels [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mehmet Metin Yilmaz [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 25,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
George Sakoulas [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spar PTY Ltd [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 32,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 6,400 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Floor Graphics BG Ltd [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 24,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 4,800 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Michael Stefanidis [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 25,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ilias Bouzalas [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 12,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Kimberly Villani [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
James Daniel Williams [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 25,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Theodore Giamias [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 1,250 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Panagiotis Avramidis [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 40,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Savvas Dimopoulos [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 20,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dimitrios Agapitos [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 20,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nikolaos Zavras [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 20,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Eilers Law Group, P.A. [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 25,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .50 | $ .25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued for services, Shares | 25,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued for services, Value | $ 12,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aikaterini Galanaki [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Shares Outstanding | 6,600 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Shares Issued | 24,000,000 | 24,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Value | $ 6,600 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Par Value | $ 0.000375 | $ 0.000375 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Konstantinos Galanakis [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Shares Outstanding | 7,700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Shares Issued | 28,000,000 | 28,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Value | $ 7,700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Par Value | $ 0.000375 | $ 0.000375 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stavros Galanakis [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Shares Outstanding | 7,645 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Shares Issued | 27,800,000 | 27,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Value | $ 7,645 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Par Value | $ 0.000375 | $ 0.000375 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Theodoros Chouliaras [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Shares Outstanding | 55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Shares Issued | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Value | $ 55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Par Value | $ 0.000375 | $ 0.000375 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Georgios Tzevachiridis [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 60,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 30,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Georgios Kaloritis [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 16,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 8,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Georgios Maschonas [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 4,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grigorios Koutsoliakos [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 4,200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Georgios Galanakis [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Alexandros Galanakis [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 4,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dimitrios Kalosakas [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 6,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 3,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Alexandros Ntoutsoulis [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 20,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Chkhaidze Soslan [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aikaterini Pagoni [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Christos Soultatis [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Vasileios Iliopoulos [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maria Petraki [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 50,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 25,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loukas Moschos [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 50,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 25,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foteini Chalamandari [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 4,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Areti Magaliou [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 4,200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 2,100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Georgios Siderakis [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 50,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 25,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Athanasios Malliaros [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Branko Krznaric [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pantelis Dimitroglou [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Konstantinos Papagalos [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Antonios Bitounis [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 20,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nicoletta Ashiotou [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 6,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 3,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Christakis Komodromos [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pavlina Kattiki Assiotou [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 6,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 3,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Kleon Manakidis [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Shares Issued | 20,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Value | $ 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock, Par Value | $ .50 |
INCOME TAXES (Details)
INCOME TAXES (Details) - USD ($) | Sep. 30, 2020 | Sep. 30, 2019 |
Income Tax Disclosure [Abstract] | ||
Net operating loss carry-forward | $ 508,532 | $ 161,105 |
Less: valuation allowance | (508,532) | (161,105) |
Net deferred tax asset |