Golden Royal Development (GRDV) 10-Q 7 Oct 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Mar. 31, 2021	Oct. 07, 2021
Document And Entity Information
Entity Registrant Name	Golden Royal Development Inc.
Entity Central Index Key	0001761534
Document Type	10-Q
Document Period End Date	Mar. 31, 2021
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,841,550
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Mar. 31, 2021	Sep. 30, 2020
Current Assets
Cash	$ 1	$ 25
Total Assets	1	25
Current Liabilities
Accounts payable	56,832	52,948
Accounts payable - related party	2,900	2,300
Due to officer - related party	53,404	51,304
Total Liabilities	113,136	106,552
Commitments and Contingencies (Note 6)
Stockholders' Deficit
Preferred stock value
Common stock, $0.00001 par value; 500,000,000 shares authorized, 7,841,550 and 7,841,550 issued and outstanding, respectively	78	78
Additional paid-in capital	34,755	30,222
Accumulated deficit	(147,969)	(136,828)
Total Stockholders' Deficit	(113,135)	(106,527)
Total Liabilities and Stockholders' Deficit	1	25
Series A Preferred Stock [Member]
Stockholders' Deficit
Preferred stock value	$ 1	$ 1

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2021	Sep. 30, 2020	Mar. 29, 2017
Preferred stock, par value	$ 0.00001	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	7,841,550	7,841,550
Common stock, shares outstanding	7,841,550	7,841,550
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	1,000	1,000
Preferred stock, shares issued	1,000	1,000
Preferred stock, shares outstanding	1,000	1,000

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Revenue
Operating Expenses
Professional fees	500	9,594	3,156	12,719
General and administrative	2,589	4,097	5,852	7,721
Total Operating Expenses	3,089	13,691	9,008	20,440
Loss from Operations	(3,089)	(13,691)	(9,008)	(20,440)
Other Expenses
Other Expenses	(1,069)	(981)	(2,133)	(1,872)
LOSS FROM OPERATIONS BEFORE INCOME TAXES	(4,158)	(14,672)	(11,141)	(22,312)
Provision for Income Taxes
NET LOSS	$ (4,158)	$ (14,672)	$ (11,141)	$ (22,312)
Net Loss Per Share - Basic and Diluted	$ 0	$ 0	$ 0	$ 0
Weighted average number of shares outstanding during the period - Basic and Diluted	7,841,550	7,841,550	7,841,550	7,841,550

Condensed Statement of Stockhol

Condensed Statement of Stockholders' Deficit (Unaudited) - USD ($)	Preferred Stock [Member]	Series A Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Sep. 30, 2019		$ 1	$ 78	$ 21,549	$ (96,292)	$ (74,664)
Balance, shares at Sep. 30, 2019		1,000	7,841,550
In kind contribution of services and interest				2,091		2,091
Net loss					(7,640)	(7,640)
Balance at Dec. 31, 2019		$ 1	$ 78	23,640	(103,932)	(80,213)
Balance, shares at Dec. 31, 2019		1,000	7,841,550
Balance at Sep. 30, 2019		$ 1	$ 78	21,549	(96,292)	(74,664)
Balance, shares at Sep. 30, 2019		1,000	7,841,550
Net loss						(22,312)
Balance at Mar. 31, 2020		$ 1	$ 78	25,821	(118,604)	(92,704)
Balance, shares at Mar. 31, 2020		1,000	7,841,550
Balance at Dec. 31, 2019		$ 1	$ 78	23,640	(103,932)	(80,213)
Balance, shares at Dec. 31, 2019		1,000	7,841,550
In kind contribution of services and interest				2,181		2,181
Net loss					(14,672)	(14,672)
Balance at Mar. 31, 2020		$ 1	$ 78	25,821	(118,604)	(92,704)
Balance, shares at Mar. 31, 2020		1,000	7,841,550
Balance at Sep. 30, 2020		$ 1	$ 78	30,222	(136,828)	(106,527)
Balance, shares at Sep. 30, 2020		1,000	7,841,550
In kind contribution of services and interest				2,264		2,264
Net loss					(6,983)	(6,983)
Balance at Dec. 31, 2020		$ 1	$ 78	32,486	(143,811)	(111,246)
Balance, shares at Dec. 31, 2020		1,000	7,841,550
Balance at Sep. 30, 2020		$ 1	$ 78	30,222	(136,828)	(106,527)
Balance, shares at Sep. 30, 2020		1,000	7,841,550
Net loss						(11,141)
Balance at Mar. 31, 2021		$ 1	$ 78	34,755	(147,969)	(113,135)
Balance, shares at Mar. 31, 2021		1,000	7,841,550
Balance at Dec. 31, 2020		$ 1	$ 78	32,486	(143,811)	(111,246)
Balance, shares at Dec. 31, 2020		1,000	7,841,550
In kind contribution of services and interest				2,269		2,269
Net loss					(4,158)	(4,158)
Balance at Mar. 31, 2021		$ 1	$ 78	$ 34,755	$ (147,969)	$ (113,135)
Balance, shares at Mar. 31, 2021		1,000	7,841,550

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash Flows From Operating Activities:
Net Loss	$ (11,141)	$ (22,312)
Adjustments to reconcile net loss to net cash used in operations
In-kind contribution of services and interest	4,533	4,272
Changes in operating assets and liabilities:
Increase in accounts payable - related party	600	600
Increase in accounts payable and accrued expenses	3,884	12,503
Net Cash Used In Operating Activities	(2,124)	(4,937)
Cash Flows From Financing Activities:
Proceeds from officers	2,100	4,981
Cash overdraft		(19)
Net Cash Provided by Financing Activities	2,100	4,962
Net Increase in Cash	(24)	25
Cash at Beginning of Period	25
Cash at End of Period	1	25
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for taxes

Summary of Significant Accounti

Summary of Significant Accounting Policies and Organization	6 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Significant Accounting Policies and Organization	NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION (A) Organization The accompanying condensed unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information necessary for a comprehensive presentation of financial position and results of operations. It is management’s opinion that all material adjustments (consisting of normal recurring adjustments) have been made, which are necessary for a fair financial statements presentation. The results for the interim period are not necessarily indicative of the results to be expected for the year. Golden Royal Development Inc. (the “Company”) was incorporated under the laws of the State of Delaware on November 13, 2016. As of March 31, 2021 and 2020, the Company has no revenues from its oil, gas and mining properties operations. The Company’s accounting year end is September 30. The Company is a business that is designed to engage in mineral exploration activities. The Company’s activities since inception have consisted of identifying and acquiring oil, gas and mining properties. The Company is also in the process of raising additional equity capital to support its development activities to acquire additional mining properties as soon as possible. The Company’s activities are subject to significant risks and uncertainties, including failing to secure additional funding to operationalize the Company’s current plan to identify and acquire the mining properties. (B) Use of Estimates In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Significant estimates include valuation of deferred tax assets and an in-kind contribution of service and interest. Actual results could differ from those estimates. (C) Cash and Cash Equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At March 31, 2021 and September 30, 2020, the Company had no cash equivalents. (D) Loss Per Share Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by FASB ASC No. 260, “Earnings Per Share.” Diluted loss per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. At March 31, 2021 and 2020, the Company did not have any outstanding dilutive securities. (E) Income Taxes The Company accounts for income taxes under FASB Codification Topic 740-10-25 (“ASC 740-10-25”). Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. (F) Revenue Recognition The Company revenue recognition policy follows guidance from Accounting Standards Codification (ASC) 606, Revenue from contract with customers. Revenue is recognized when the Company transferred promised goods and services to the customer and in the amount that reflect the consideration to which the Company expected to be entitled in exchange for those goods and services. The Company applies the following five-step model in order to determine this amount: (i) Identification of Contact with a customer; (ii ) Identify the performance obligation of the contract (iii) Determine transaction price; (iv) Allocation of the transaction price to the performance obligations; and (v) Recognition of revenue when (or as) the Company satisfies each performance obligation. The Company has been in the exploration stage since its formation on November 13, 2016 and has not yet realized any revenues from its planned operations. It is primarily engaged in the acquisition and exploration of oil, gas and mining properties. (G) Mineral Property Pursuant to FASB ASC No. 360, the recoverability of the acquisition costs associated with the purchase of mineral rights presumes to be insupportable prior to determining the existence of a commercially minable deposit and the acquisition costs have to be expensed. For the six months ended March 31, 2021 and 2020, the Company had expensed $640 and $640, respectively, related to the mineral rights acquisition and exploration costs. (H) Fair Value of Financial Instruments The Company measures its financial assets and liabilities in accordance with GAAP. For certain of our financial instruments, including cash, accounts payable, and the short-term portion of long-term debt, the carrying amounts approximate fair value due to their short maturities. We adopted accounting guidance for financial and non-financial assets and liabilities (ASC 820). The adoption did not have a material impact on our results of operations, financial position or liquidity. This standard defines fair value, provides guidance for measuring fair value and requires certain disclosures. This standard does not require any new fair value measurements, but rather applies to all other accounting pronouncements that require or permit fair value measurements. This guidance does not apply to measurements related to share-based payments. This guidance discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The guidance utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: ● Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. ● Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. ● Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use. (I) Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Topic 842 affects any entity that enters into a lease, with some specified scope exemptions. The guidance in this Update supersedes Topic 840, Leases. The core principle of Topic 842 is that a lessee should recognize the assets and liabilities that arise from leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For public companies, the amendments in this Update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The adoption of ASU No. 2016-02 has had no impact on our financial statements. All other newly issued accounting pronouncements, but not yet effective, have been deemed either immaterial or not applicable. (J) Business Segments The Company operates in one segment and therefore segment information is not presented.

Due to Officer - Related Party

Due to Officer - Related Party	6 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Due to Officer - Related Party	NOTE 2 DUE TO OFFICER – RELATED PARTY During the six months ended March 31, 2021, the majority shareholder loaned $2,100 to the Company to pay Company expenses. The loan is non-interest bearing, unsecured and due on demand. As of March 31, 2021, the loan balance is $53,404. During the six months ended March 31, 2021, the Company recorded $2,133 as an in-kind contribution of interest on the loan balance (See Note 3(C) and 4). During the year ended September 30, 2020, the majority shareholder loaned $7,471 to the Company to pay Company expenses. The loan is non-interest bearing, unsecured and due on demand. As of September 30, 2020, the loan balance is $51,304. During the year ended September 30, 2020, the Company recorded $3,873 as an in-kind contribution of interest on the loan balance (See Note 3(C) and 4).

Stockholders' Deficit

Stockholders' Deficit	6 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Stockholders' Deficit	NOTE 3 STOCKHOLDERS’ DEFICIT (A) Preferred Stock The Company was incorporated on November 13, 2016. On March 29, 2017, the Company became authorized to issue 5,000,000 shares of preferred stock with a par value of $0.00001 per share. Preferred stock may be issued in one or more series. Rights and preferences are to be determined by the board of directors. The Board of Directors has designated 1,000 shares of the preferred stock as Series A Preferred Stock. On March 29, 2017, Jacob Roth purchased the 1,000 shares of Series A Preferred Stock for their par value (See Note 4). At any shareholders meeting or in connection with the giving of shareholder consents, the holder of each share of Series A Preferred Stock is entitled to exercise voting power equal to 0.051% of the aggregate voting power. The holder of Series A Preferred Stock will receive dividends when and if they are declared by the Board of Directors. The Series A Preferred Stock has a liquidation preference of $0.00001 per share. As of March 31, 2021 and September 30, 2020, there were 1,000 shares of Series A Preferred Stock issued and outstanding. (B) Common Stock Issued for Cash The Company is authorized to issue 500,000,000 shares of common stock with a par value of $0.00001 per share. As of March 31, 2021 and September 30, 2020, there were 7,841,550 and 7,841,550 shares of Common Stock issued and outstanding. (C) In kind contribution of services For the six months ended March 31, 2021, the Company recorded $2,400 as in kind contribution of services provided by President of the Company (See Note 4). For the six months ended March 31, 2020, the Company recorded $2,400 as in kind contribution of services provided by President of the Company (See Note 4). For the six months ended March 31, 2021, the Company recorded $2,133 as in kind contribution of interest on the loans provided by President of the Company (See Note 2 and 4). For the six months ended March 31, 2020, the Company recorded $1,872 as in kind contribution of interest on the loans provided by President of the Company (See Note 2 and 4).

Related Party Transactions

Related Party Transactions	6 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 4 RELATED PARTY TRANSACTIONS For the six months ended March 31, 2021, the Company recorded $2,400 as in kind contribution of services provided by President of the Company (See Note 3 (C)). For the six months ended March 31, 2020, the Company recorded $2,400 as in kind contribution of services provided by President of the Company (See Note 3 (C)). For the six months ended March 31, 2021, the Company recorded $2,133 as in kind contribution of interest on the loans provided by President of the Company (See Notes 2 and 3 (C)). For the six months ended March 31, 2020, the Company recorded $1,872 as in kind contribution of interest on the loans provided by President of the Company (See Note 2 and 3 (C)). During the six months ended March 31, 2021, the majority shareholder loaned $2,100 to the Company to pay Company expenses. The loan is non-interest bearing, unsecured and due on demand. As of March 31, 2021, the loan balance is $53,404 (See Note 3(C) and 4). During the six months ended March 31, 2021, the Company recorded $2,133 as an in-kind contribution of interest on the loan balance. During the year ended September 30, 2020, the majority shareholder loaned $7,471 to the Company to pay Company expenses. The loan is non-interest bearing, unsecured and due on demand. During the year ended September 30, 2020, the Company recorded $3,873 as an in-kind contribution of interest on the loan balance (See Notes 2 and 3 (C)). On November 1, 2018, the Company entered into a month-to-month office lease with a related party for its office space at a monthly rate of $100. For the six months ended March 31, 2021 and 2020, the Company had recorded rent expense of $600 and $600, respectively (See Note 6). As of March 31, 2021 and September 30, 2020, the accrued rent to related party were $2,900 and $2,300, respectively. On September 27, 2018, the Company entered into an Assignment Agreement between the majority shareholder and the Company. The majority shareholder assigned a ten year mineral lease in Oil and Gas to the Company effective February 1, 2017. The property is located in Fremont County, WY. During the six months ended March 31, 2021 and 2020, the Company recorded $0 and $0, respectively, for expenses pertaining to the property. The purchase price is paid for a royalty that does not have proven reserves; until the reserves are proven, the amounts paid are to be expensed (See Note 5). On September 27, 2018, the Company entered into an Assignment Agreement between the majority shareholder and the Company. The majority shareholder assigned a 1% overriding royalty interest in Oil and Gas to the Company. The property is located in Converse County, WY (See Note 5). On December 6, 2018 the majority shareholder and the Company entered into an Assignment Agreement pursuant to which Mr. Roth assigned to the Company all of the beneficial interest in a lease to prospect and extract gold, silver and precious minerals granted to the majority shareholder in November 2018 by the State of Wyoming in exchange for a $50 application fee and payment of a $640 annual license fee, and the Company assumed responsibility for all fees, rents and taxes that accrue with respect to that property. During the six months ended March 31, 2021 and 2020, the Company recorded $640 and $640, respectively, for expenses pertaining to the property. The property is located in Crooks County, WY (See Note 5).

Oil and Gas Properties

Oil and Gas Properties	6 Months Ended
	Mar. 31, 2021
Extractive Industries [Abstract]
Oil and Gas Properties	NOTE 5 OIL AND GAS PROPERTIES On September 27, 2018, the Company entered into an Assignment Agreement between the majority shareholder and the Company. The majority shareholder assigned a ten year mineral lease in Oil and Gas to the Company effective February 1, 2017. The property is located in Fremont County, WY. During the six months ended March 31, 2021 and 2020, the Company recorded $0 and $0, respectively, for expenses pertaining to the property. The purchase price is paid for a royalty that does not have proven reserves; until the reserves are proven, the amounts paid are to be expensed (See Note 4). On September 27, 2018, the Company entered into an Assignment Agreement between the majority shareholder and the Company. The majority shareholder assigned a 1% overriding royalty interest in Oil and Gas to the Company. The property is located in Converse County, WY (See Note 4). On December 6, 2018 the majority shareholder and the Company entered into an Assignment Agreement pursuant to which Mr. Roth assigned to the Company all of the beneficial interest in a lease to prospect and extract gold, silver and precious minerals granted to the majority shareholder in November 2018 by the State of Wyoming in exchange for a $50 application fee and payment of a $640 annual license fee, and the Company assumed responsibility for all fees, rents and taxes that accrue with respect to that property. During the six months ended March 31, 2021 and 2020, the Company recorded $640 and $640, respectively, for expenses pertaining to the property. The property is located in Crooks County, WY (See Note 4).

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 6 COMMITMENTS AND CONTINGENCIES Operating Lease Agreement On November 1, 2018, the Company entered into a month-to-month office lease with a related party for its office space at a monthly rate of $100. For the six months ended March 31, 2021 and 2020, the Company recorded a rent expense of $600 and $600, respectively (See Note 4).

Going Concern

Going Concern	6 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	NOTE 7 GOING CONCERN As reflected in the accompanying condensed financial statements, the Company used cash in operations of $2,124 for the six months ended March 31, 2021, has an accumulated deficit of $147,969 at March 31, 2021, and has a net loss of $11,141 for the six months ended March 31, 2021. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern. However, the current Coronavirus pandemic may have an adverse impact on the Company’s ability to raise capital or to continue as a going concern.

Subsequent Events

Subsequent Events	6 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	NOTE 8 SUBSEQUENT EVENTS Subsequent to the six months ended March 31, 2021, the majority shareholder loaned $16,928 to the Company to pay Company expenses and was repaid $280.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies and Organization (Policies)	6 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	(A) Organization The accompanying condensed unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information necessary for a comprehensive presentation of financial position and results of operations. It is management’s opinion that all material adjustments (consisting of normal recurring adjustments) have been made, which are necessary for a fair financial statements presentation. The results for the interim period are not necessarily indicative of the results to be expected for the year. Golden Royal Development Inc. (the “Company”) was incorporated under the laws of the State of Delaware on November 13, 2016. As of March 31, 2021 and 2020, the Company has no revenues from its oil, gas and mining properties operations. The Company’s accounting year end is September 30. The Company is a business that is designed to engage in mineral exploration activities. The Company’s activities since inception have consisted of identifying and acquiring oil, gas and mining properties. The Company is also in the process of raising additional equity capital to support its development activities to acquire additional mining properties as soon as possible. The Company’s activities are subject to significant risks and uncertainties, including failing to secure additional funding to operationalize the Company’s current plan to identify and acquire the mining properties.
Use of Estimates	(B) Use of Estimates In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Significant estimates include valuation of deferred tax assets and an in-kind contribution of service and interest. Actual results could differ from those estimates.
Cash and Cash Equivalents	(C) Cash and Cash Equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At March 31, 2021 and September 30, 2020, the Company had no cash equivalents.
Loss Per Share	(D) Loss Per Share Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by FASB ASC No. 260, “Earnings Per Share.” Diluted loss per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. At March 31, 2021 and 2020, the Company did not have any outstanding dilutive securities.
Income Taxes	(E) Income Taxes The Company accounts for income taxes under FASB Codification Topic 740-10-25 (“ASC 740-10-25”). Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
Revenue Recognition	(F) Revenue Recognition The Company revenue recognition policy follows guidance from Accounting Standards Codification (ASC) 606, Revenue from contract with customers. Revenue is recognized when the Company transferred promised goods and services to the customer and in the amount that reflect the consideration to which the Company expected to be entitled in exchange for those goods and services. The Company applies the following five-step model in order to determine this amount: (i) Identification of Contact with a customer; (ii ) Identify the performance obligation of the contract (iii) Determine transaction price; (iv) Allocation of the transaction price to the performance obligations; and (v) Recognition of revenue when (or as) the Company satisfies each performance obligation. The Company has been in the exploration stage since its formation on November 13, 2016 and has not yet realized any revenues from its planned operations. It is primarily engaged in the acquisition and exploration of oil, gas and mining properties.
Mineral Property	(G) Mineral Property Pursuant to FASB ASC No. 360, the recoverability of the acquisition costs associated with the purchase of mineral rights presumes to be insupportable prior to determining the existence of a commercially minable deposit and the acquisition costs have to be expensed. For the six months ended March 31, 2021 and 2020, the Company had expensed $640 and $640, respectively, related to the mineral rights acquisition and exploration costs.
Fair Value of Financial Instruments	(H) Fair Value of Financial Instruments The Company measures its financial assets and liabilities in accordance with GAAP. For certain of our financial instruments, including cash, accounts payable, and the short-term portion of long-term debt, the carrying amounts approximate fair value due to their short maturities. We adopted accounting guidance for financial and non-financial assets and liabilities (ASC 820). The adoption did not have a material impact on our results of operations, financial position or liquidity. This standard defines fair value, provides guidance for measuring fair value and requires certain disclosures. This standard does not require any new fair value measurements, but rather applies to all other accounting pronouncements that require or permit fair value measurements. This guidance does not apply to measurements related to share-based payments. This guidance discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The guidance utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: ● Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. ● Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. ● Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use.
Recent Accounting Pronouncements	(I) Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Topic 842 affects any entity that enters into a lease, with some specified scope exemptions. The guidance in this Update supersedes Topic 840, Leases. The core principle of Topic 842 is that a lessee should recognize the assets and liabilities that arise from leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For public companies, the amendments in this Update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The adoption of ASU No. 2016-02 has had no impact on our financial statements. All other newly issued accounting pronouncements, but not yet effective, have been deemed either immaterial or not applicable.
Business Segments	(J) Business Segments The Company operates in one segment and therefore segment information is not presented.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies and Organization (Details Narrative)	6 Months Ended
	Mar. 31, 2021USD ($)Integershares	Mar. 31, 2020USD ($)shares	Sep. 30, 2020USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Revenues from oil, gas and mining properties
Cash equivalents
Outstanding dilutive securities | shares
Mineral rights acquisition and exploration costs	$ 640	$ 640
Number of operating segments | Integer	1

Due to Officer - Related Party

Due to Officer - Related Party (Details Narrative) - Majority Shareholder [Member] - USD ($)	6 Months Ended	12 Months Ended
	Mar. 31, 2021	Sep. 30, 2020
Due to related party	$ 2,100	$ 7,471
Loan balance	53,404	51,304
In-kind contribution of interest	$ 2,133	$ 3,873

Stockholders' Deficit (Details

Stockholders' Deficit (Details Narrative) - USD ($)	Mar. 29, 2017	Mar. 31, 2021	Mar. 31, 2020	Sep. 30, 2020
Preferred stock, shares authorized	5,000,000	5,000,000		5,000,000
Preferred stock, par value	$ 0.00001	$ 0.00001		$ 0.00001
Common stock, shares authorized		500,000,000		500,000,000
Common stock, par value		$ 0.00001		$ 0.00001
Common stock, shares issued		7,841,550		7,841,550
Common stock, shares outstanding		7,841,550		7,841,550
President [Member]
In-kind contribution of services		$ 2,400	$ 2,400
In-kind contribution of interest		$ 2,133	$ 1,872
Series A Preferred Stock [Member]
Preferred stock, shares authorized		1,000		1,000
Preferred stock, par value		$ 0.00001		$ 0.00001
Liquidation preference per share		$ 0.00001
Preferred stock, shares issued		1,000		1,000
Preferred stock, shares outstanding		1,000		1,000
Jacob Roth [Member] | Series A Preferred Stock [Member]
Preferred stock, shares authorized	1,000
Preferred stock voting rights, description	The holder of each share of Series A Preferred Stock is entitled to exercise voting power equal to 0.051% of the aggregate voting power.

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Dec. 06, 2018	Nov. 01, 2018	Sep. 27, 2018	Mar. 31, 2021	Mar. 31, 2020	Sep. 30, 2020
Due to related party				$ 53,404		$ 51,304
Monthly rental rate		$ 100
Rent expense				600	$ 600
Accrued rent payable to related party				2,900		2,300
Assignment Agreement [Member] | Jacob Roth [Member]
Expenses pertaining to the property				640	640
Application fee	$ 50
Annual license fee	640
Assignment Agreement [Member] | Oil and Gas [Member]
Expenses pertaining to the property					0
Royalty interest percentage			1.00%
President [Member]
In-kind contribution of services				2,400	2,400
In-kind contribution of interest				2,133	1,872
Majority Shareholder [Member]
In-kind contribution of interest				2,133		3,873
Loan balance				53,404		51,304
Due to related party				2,100		$ 7,471
Majority Shareholder [Member] | Assignment Agreement [Member] | Jacob Roth [Member]
Expenses pertaining to the property				640	640
Application fee	50
Annual license fee	$ 640
Majority Shareholder [Member] | Assignment Agreement [Member] | Oil and Gas [Member]
Mineral lease term			10 years
Expenses pertaining to the property				$ 0	$ 0

Oil and Gas Properties (Details

Oil and Gas Properties (Details Narrative) - Assignment Agreement [Member] - USD ($)	Dec. 06, 2018	Sep. 27, 2018	Mar. 31, 2021	Mar. 31, 2020
Jacob Roth [Member]
Expenses pertaining to the property			$ 640	$ 640
Application fee	$ 50
Annual license fee	640
Majority Shareholder [Member] | Jacob Roth [Member]
Expenses pertaining to the property			640	640
Application fee	50
Annual license fee	$ 640
Oil and Gas [Member]
Expenses pertaining to the property				0
Royalty interest percentage		1.00%
Oil and Gas [Member] | Majority Shareholder [Member]
Mineral lease term		10 years
Expenses pertaining to the property			$ 0	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	Nov. 01, 2018	Mar. 31, 2021	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Monthly rental rate	$ 100
Rent expense		$ 600	$ 600

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	3 Months Ended				6 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2021	Mar. 31, 2020	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash used in operations					$ (2,124)	$ (4,937)
Accumulated deficit	$ (147,969)				(147,969)		$ (136,828)
Net loss	$ (4,158)	$ (6,983)	$ (14,672)	$ (7,640)	$ (11,141)	$ (22,312)

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member] - Majority Shareholder [Member]	6 Months Ended
	Oct. 06, 2021USD ($)
Loan from shareholder	$ 16,728
Repayment of related party debt	$ 280