Stratus Capital (SRUS) 10-Q 20 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Aug. 19, 2021
Cover [Abstract]
Document Type	10-Q
Entity Central Index Key	0001761540
Document Period End Date	Jun. 30, 2021
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-56093
Entity Registrant Name	Stratus Capital Corp
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	83-1161556
Entity Address, Address Line One	8480 East Orchard Road
Entity Address, Address Line Two	Suite 1100
Entity Address, City or Town	Greenwood Village
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80111
City Area Code	720
Local Phone Number	214-5000
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
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		21,525,481

CONDENSED UNAUDITED BALANCE SHE

CONDENSED UNAUDITED BALANCE SHEETS - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current Assets
Cash and Cash Equivalents	$ 372	$ 39
Prepaid Expenses		3,250
Total Current Assets	372	3,289
Total Assets	372	3,289
Current Liabilities
Accounts Payable	16,506	4,773
Accruals - Related Parties	193,456	165,630
Notes Payable - Related Party	204,442	158,874
Total Current Liabilities	414,404	329,277
Total Liabilities	414,404	329,277
Commitments and Contingencies (Note 7)
Shareholders' Deficit
Preferred Stock
Common Stock, $0.0001 par value, 25,000,000 shares authorized, 21,525,481 issued and outstanding	2,153	2,153
Additional Paid In Capital	(9,179)	(9,179)
Accumulated Deficit	(407,106)	(319,062)
Total Shareholders' Deficit	(414,032)	(325,988)
Total Liabilities and Shareholders' Deficit	372	3,289
Series A Preferred Stock [Member]
Shareholders' Deficit
Preferred Stock	100	100
Series B Preferred Stock [Member]
Shareholders' Deficit
Preferred Stock

CONDENSED UNAUDITED BALANCE S_2

CONDENSED UNAUDITED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Preferred Stock, Par Value	$ 0.0001	$ 0.0001
Preferred Stock Authorized	4,000,000	4,000,000
Preferred Stock Issued	0	0
Preferred Stock Outstanding	0	0
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock Authorized	25,000,000	25,000,000
Common Stock Issued	21,525,481	21,525,481
Common Stock Outstanding	21,525,481	21,525,481
Series A Preferred Stock [Member]
Preferred Stock, Par Value	$ 0.0001	$ 0.0001
Preferred Stock Authorized	1,000,000	1,000,000
Preferred Stock Issued	1,000,000	1,000,000
Preferred Stock Outstanding	1,000,000	1,000,000
Series B Preferred Stock [Member]
Preferred Stock, Par Value	$ 0.0001	$ 0.0001
Preferred Stock Authorized	5,000,000	5,000,000
Preferred Stock Issued	0	0
Preferred Stock Outstanding	0	0

CONDENSED UNAUDITED STATEMENTS

CONDENSED UNAUDITED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
REVENUE
EXPENSES
General and administrative expenses	47,062	33,399	80,718	68,168
Total Expenses	47,062	33,399	80,718	68,168
OPERATING LOSS	(47,062)	(33,399)	(80,718)	(68,168)
OTHER (INCOME) EXPENSE
Interest - related party	(3,895)	(2,366)	(7,326)	(4,420)
INCOME (LOSS) BEFORE TAXES	(50,957)	(35,765)	(88,044)	(72,588)
TAXES
NET INCOME (LOSS)	$ (50,957)	$ (35,765)	$ (88,044)	$ (72,588)
Net Income (Loss) per Common Share: Basic and Diluted	$ 0	$ 0	$ 0	$ 0
Weighted Average Common Shares Outstanding: Basic and Diluted	21,525,481	21,525,481	21,525,481	21,525,481

CONDENSED UNAUDITED STATEMENT_2

CONDENSED UNAUDITED STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT - USD ($)	Preferred Shares [Member]	Common Shares [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Total
Balances, beginning at Dec. 31, 2019	$ 100	$ 2,153		$ (184,877)	$ (191,803)
Balances, beginning at Dec. 31, 2019			$ (9,179)
Balances, beginning, shares at Dec. 31, 2019	1,000,000	21,525,481
Net loss for the quarter				(36,823)	(36,823)
Balances, ending at Mar. 31, 2020	$ 100	$ 2,153		(221,700)	(228,626)
Balances, ending at Mar. 31, 2020			(9,179)
Balances, ending, shares at Mar. 31, 2020	1,000,000	21,525,481
Balances, beginning at Dec. 31, 2019	$ 100	$ 2,153		(184,877)	(191,803)
Balances, beginning at Dec. 31, 2019			(9,179)
Balances, beginning, shares at Dec. 31, 2019	1,000,000	21,525,481
Net loss for the quarter					(72,588)
Balances, ending at Jun. 30, 2020	$ 100	$ 2,153		(257,465)	(264,391)
Balances, ending at Jun. 30, 2020			(9,179)
Balances, ending, shares at Jun. 30, 2020	1,000,000	21,525,481
Balances, beginning at Mar. 31, 2020	$ 100	$ 2,153		(221,700)	(228,626)
Balances, beginning at Mar. 31, 2020			(9,179)
Balances, beginning, shares at Mar. 31, 2020	1,000,000	21,525,481
Net loss for the quarter				(35,765)	(35,765)
Balances, ending at Jun. 30, 2020	$ 100	$ 2,153		(257,465)	(264,391)
Balances, ending at Jun. 30, 2020			(9,179)
Balances, ending, shares at Jun. 30, 2020	1,000,000	21,525,481
Balances, beginning at Dec. 31, 2020	$ 100	$ 2,153		(319,062)	$ (325,988)
Balances, beginning at Dec. 31, 2020			(9,179)
Balances, beginning, shares at Dec. 31, 2020	1,000,000	21,525,481			21,525,481
Net loss for the quarter				(37,087)	$ (37,087)
Balances, ending at Mar. 31, 2021	$ 100	$ 2,153		(356,149)	(363,075)
Balances, ending at Mar. 31, 2021			(9,179)
Balances, ending, shares at Mar. 31, 2021	1,000,000	21,525,481
Balances, beginning at Dec. 31, 2020	$ 100	$ 2,153		(319,062)	$ (325,988)
Balances, beginning at Dec. 31, 2020			(9,179)
Balances, beginning, shares at Dec. 31, 2020	1,000,000	21,525,481			21,525,481
Net loss for the quarter					$ (88,044)
Balances, ending at Jun. 30, 2021	$ 100	$ 2,153		(407,106)	$ (414,032)
Balances, ending at Jun. 30, 2021			(9,179)
Balances, ending, shares at Jun. 30, 2021	1,000,000	21,525,481			21,525,481
Balances, beginning at Mar. 31, 2021	$ 100	$ 2,153		(356,149)	$ (363,075)
Balances, beginning at Mar. 31, 2021			(9,179)
Balances, beginning, shares at Mar. 31, 2021	1,000,000	21,525,481
Net loss for the quarter				(50,957)	(50,957)
Balances, ending at Jun. 30, 2021	$ 100	$ 2,153		$ (407,106)	$ (414,032)
Balances, ending at Jun. 30, 2021			$ (9,179)
Balances, ending, shares at Jun. 30, 2021	1,000,000	21,525,481			21,525,481

CONDENSED UNAUDITED STATEMENT_3

CONDENSED UNAUDITED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash Flows from Operating Activities:
Net Income (Loss)	$ (88,044)	$ (72,588)
Changes in working capital items:
Prepaid expenses	3,250	(6,500)
Accounts payable	11,733	(604)
Accruals - related parties	27,826	40,421
Net Cash Flows Used in Operating Activities	(45,235)	(39,271)
Net Cash Flows from Financing Activities
Advances under notes payable - related party	45,568	39,071
Net Cash Flows Provided by Financing Activities	45,568	39,071
Net Change in Cash:	333	(200)
Beginning Cash:	39	244
Ending Cash:	372	44
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest
Cash paid for tax

NATURE OF OPERATIONS

NATURE OF OPERATIONS	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NOTE 1. NATURE OF OPERATIONS Nature of Business Stratus Capital Corporation, a Delaware corporation, (“Stratus Capital,” “the Company,” “We," "Us," or “Our”) is a publicly quoted real estate development company seeking to develop or redevelop residential, commercial or mixed-use properties. History Stratus Capital was incorporated in Delaware on April 13, 2018. Effective June 28, 2018 (the Company’s deemed date of inception), following a corporate reorganization pursuant to a reverse recapitalization, Stratus Capital became the reorganized successor to Ashcroft Homes Corporation, a publicly-quoted real estate company that ceased trading in 2004. On June 1, 2021, Stratus Capital on behalf of itself, its respective heirs, executors, administrators, agents, and assignees ,Stratus Summit Trail, LLC, (referred to as “Summit”), the Richard and Reagan Dean Family Partnership, LLLP (referred to as “RRDFPLLLP”) and Denver Digital Hub, LLC (referred to as “DDH”) (collectively referred to herein as the “Party” or “Parties.”) entered into a Purchase Agreement (“Purchase Agreement”). RRDFPLLLP and DDH respectively own seventy-five percent (75%) and twenty-five percent (25%) of the membership interest of Summit (“Interest”) and both of these parties sold their entire Interest or a total of one hundred percent (100%) of the Interest of Summit to Stratus Capital. Stratus Capital has agreed to acquire the Interest owned by RRDFPLLLP and DDH of Summit of which Summit owns a total of 21 buildings lots as identified as Exhibit A to the Purchase Agreement within Grand County, town of Fraser, Colorado (“Subject Property”). Stratus Capital agreed that the continuing engineering, architectural or entitlement improvements are to be assigned to Summit if Stratus Capital does not fully pay the Promissory Note (‘the Note’) issued in respect of this transaction as per its terms and provisions as described below. The purchase price is equal to $60,000 per lot, or 21 lots equal to $1,260,000 adjusted for any site or infrastructure costs as agreed upon by the Parties. Stratus Capital will fully pay the Note on or before October 31, 2021, or as agreed by the Parties. As denoted within the Deed of Trust of the Note, RRDFPLLLP and DDH will retain a security interest within the Subject Property until the Note is fully paid per its terms and provisions. The Closing date shall be 30 days from the date of the Purchase Agreement (unless extended by mutual agreement), title will be provided free and clear with exception of debt assumption and the Note and a special warranty deed is agreed upon by the Parties. Closing of the transaction is formally pending audit of Summit, but Stratus Capital is actively managing the project under a management agreement. The Closing date has subsequently been extended to September 30, 2021, by mutual consent. Simultaneously with the execution of the Purchase Agreement, Stratus Capital executed and issued a Promissory Note (“Note”) with personal guarantee of Peter Gonzalez, our CEO, (“Gonzalez”) to RRDFPLLLP and DDH as consideration for the Purchase Agreement. The Note is for the principal sum of One Million Two Hundred Sixty Thousand Dollars and No/100ths Dollars ($1,260,000.00), together with interest on the unpaid principal balance from the date hereof, until paid, at the rate of six percent (6%) per annum. The Parties also agree that as consideration for services provided within the normal course of business since 2019 or initial acquisition of the Subject Property by Summit, a development fee is due and payable to Willamette Group Trust (“WGT”) equal to $12,500 per lot or $262,500 which is excluded from proceeds due to Seller pursuant to 1(d) of the Purchase Agreement. WGT is a related party, controlled by Stratus Capital principal Gonzalez and WGT agrees that all fees due to itself shall be waived if Stratus Capital does not perform on the terms and provisions of the Note. 8 Table of Contents Impact of COVID-19 We have not commenced substantial operations as yet and consequently have not been directly impacted by the Covid-19 outbreak at this time. However, the detrimental effect of the Covid-19 outbreak on the economy as a whole may have a detrimental impact on our ability to raise funding and commence full scale operations for the foreseeable future

GOING CONCERN

GOING CONCERN	6 Months Ended
	Jun. 30, 2021
Disclosure of Going Concern [Abstract]
GOING CONCERN	NOTE 2. GOING CONCERN Our financial statements are prepared using accounting principles generally accepted in the United States of America (“GAAP”) applicable to a going concern, which contemplate the realization of assets and the liquidation of liabilities in the normal course of business. We have no ongoing business or income and for the six-month period ended June 30, 2021, incurred a loss of $88,044 and had an accumulated deficit of $407,106 as of June 30, 2021. These conditions raise substantial doubt about our ability to continue as a going concern. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of these uncertainties. Our ability to continue as a going concern is dependent upon our ability to raise additional debt or equity funding to meet our ongoing operating expenses and ultimately in merging with another entity with experienced management and profitable operations. No assurances can be given that we will be successful in achieving these objectives.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The summary of significant accounting policies is presented to assist in the understanding of the financial statements. These policies conform to GAAP and have been consistently applied. The Company has selected December 31 as its financial year end. The Company has not earned any revenue to date. Interim Financial Statements The accompanying unaudited interim condensed financial statements have been prepared in accordance with GAAP for interim financial information in accordance with Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at June 30, 2021 and for the related periods presented, have been included. The results for the three- and six-month periods ended June 30, 2021 are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the financial statements and footnotes thereto for the year ended December 31, 2020 filed in our Form 10-K on March 31, 2021. Use of Estimates The preparation of financial statements in conformity with GAAP 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents We maintain cash balances in a non-interest-bearing account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with a maturity of three months or less are considered to be cash equivalents. As of June 30, 2021 and December 31, 2020, our cash balances were $372 and $39, respectively. 9 Table of Contents Fair Value Measurements: ASC Topic 820, Fair Value Measurements and Disclosures ("ASC 820"), provides a comprehensive framework for measuring fair value and expands disclosures which are required about fair value measurements. Specifically, ASC 820 sets forth a definition of fair value and establishes a hierarchy prioritizing the inputs to valuation techniques, giving the highest priority to quoted prices in active markets for identical assets and liabilities and the lowest priority to unobservable value inputs. ASC 820 defines the hierarchy as follows: Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reported date. The types of assets and liabilities included in Level 1 are highly liquid and actively traded instruments with quoted prices, such as equities listed on the New York Stock Exchange. Level 2 – Pricing inputs are other than quoted prices in active markets but are either directly or indirectly observable as of the reported date. The types of assets and liabilities in Level 2 are typically either comparable to actively traded securities or contracts or priced with models using highly observable inputs. Level 3 – Significant inputs to pricing that are unobservable as of the reporting date. The types of assets and liabilities included in Level 3 are those with inputs requiring significant management judgment or estimation, such as complex and subjective models and forecasts used to determine the fair value of financial transmission rights. Our financial instruments consist of our cash, prepaid expenses, accounts payable, accrued expenses - related parties and notes payable – related party. The carrying amount of our prepaid expenses, accounts payable, accrued expenses- related parties and notes payable – related party approximates their fair values because of the short-term maturities of these instruments Related Party Transactions: A related party is generally defined as (i) any person that holds 10% or more of our membership interests including such person's immediate families, (ii) our management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with us, or (iv) anyone who can significantly influence our financial and operating decisions. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. See Notes 5, 6 and 8 below for details of related party transactions in the period presented. Leases: We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) as assets, operating lease non-current liabilities, and operating lease current liabilities in our balance sheet. Finance leases are property and equipment, other current liabilities, and other non-current liabilities in the balance sheet. ROU assets represent the right to use an asset for the lease term and lease liability represent the obligation to make lease payment arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over lease term. As most of the leases doesn’t provide an implicit rate. We generally use the incremental borrowing rate on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The operating ROU asset also includes any lease payments made and exclude lease incentives. Lease expense for lease payment is recognized on a straight-line basis over the lease term. Since June 28, 2018 (Inception), the only lease arrangement we have entered into is a month-to-month lease for a storage unit. This lease has a term of less than 12 months, we have elected to adopt the exemption for short-term leases and have not accounted for it as described above. Effective January 2021 we are no longer renting a storage unit. Income Taxes: The provision for income taxes is computed using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating losses and tax credit carry-forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which those tax assets are expected to be realized or settled. We record a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. 10 Table of Contents Uncertain Tax Positions: We evaluate tax positions in a two-step process. We first determine whether it is more likely than not that a tax position will be sustained upon examination, based on the technical merits of the position. If a tax position meets the more-likely-than-not recognition threshold, it is then measured to determine the amount of benefit to recognize in the financial statements. The tax position is measured as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. We classify gross interest and penalties and unrecognized tax benefits that are not expected to result in payment or receipt of cash within one year as long-term liabilities in the financial statements. Revenue Recognition: Revenues are recognized when control of the promised goods or services are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements: Step 1: Identify the contract(s) with customers Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to performance obligations Step 5: Recognize revenue when the entity satisfies a performance obligation Service revenues are recognized as the services are performed in proportion to the transfer of control to the customer and real estate revenues are recognized at the time of sale when consideration has been exchanged and title has been conveyed to the buyer. During the three- and six-month periods ended June 30, 2021 and 2020, we did not recognize any revenue. Advertising Costs: We expense advertising costs when advertisements occur. No advertising costs were incurred during the three- and six-month periods ended June 30, 2021 and 2020. Stock-Based Compensation: The cost of equity instruments issued to non-employees in return for goods and services is measured by the fair value of the equity instruments issued in accordance with ASC 718, “Compensation - Stock Compensation.” Measurement date for non-employees is the grant date of the stock-based compensation. The cost of employee services received in exchange for equity instruments is based on the grant date fair value of the equity instruments issued. Net Loss per Share Calculation: Basic earnings (loss) per common share ("EPS") is computed by dividing net income (loss) available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average shares outstanding, assuming all dilutive potential common shares were issued. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. No potentially dilutive debt or equity instruments were issued or outstanding during the three- and six-month periods ended June 30, 2021 and 2020. Recently Accounting Pronouncements: We have reviewed all the recently issued, but not yet effective, accounting pronouncements and do not believe any of these pronouncements will have a material impact on our financial statements.

PREPAID EXPENSES

PREPAID EXPENSES	6 Months Ended
	Jun. 30, 2021
Prepaid Expense, Current [Abstract]
PREPAID EXPENSES	NOTE 4. PREPAID EXPENSES As of June 30, 2021 and December 31, 2020, the balance of prepayments and deposits was $0 and $3,250, respectively, which related to the annual disclosure and news service subscription for OTC Markets which will be amortized monthly over the course of the year commencing July 1, 2020.

ACCRUED EXPENSES - RELATED PART

ACCRUED EXPENSES - RELATED PARTIES	6 Months Ended
	Jun. 30, 2021
Payables and Accruals [Abstract]
ACCRUED EXPENSES - RELATED PARTIES	NOTE 5. ACCRUED EXPENSES – RELATED PARTIES As of June 30, 2021 and December 31, 2020, balances of $173,500 and $153,000, respectively, were due to our current and former officers and directors with respect to accrued compensation. In addition, as of June 30, 2021 and December 31, 2020, balances of $19,956 and $12,630 in accrued interest was due on loans made to us by a partnership controlled by one of our directors, who was a former officer of the company and the former principal shareholder and by a trust controlled by our current director, officer and principal shareholder.

NOTES PAYABLE - RELATED PARTIES

NOTES PAYABLE - RELATED PARTIES	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
NOTES PAYABLE - RELATED PARTIES	NOTE 6. NOTES PAYABLE – RELATED PARTIES During the six months ended June 30, 2021, a partnership controlled by one of our directors, who was a former officer of the Company and the former principal shareholder, advanced to us $28,268 (2020 - $39,071) by way of a promissory note to finance our working capital requirements. Effective October 28, 2020, our CEO/CFO entered into a personal guarantee for this loan which initially became due on March 31, 2020 and was subsequently amended to mature June 30, 2021 and then to September 30, 2021. The promissory note bears interest at 8% per annum and as of June 30, 2021 and December 31, 2020 interest of $19,664 and $12,630, respectively, was accrued with respect to this loan. As of June 30, 2021 and December 31, 2020, the balance outstanding under the promissory note was $187,142 and $158,874 respectively. During the six months ended June 30, 2021, a trust controlled by one of our directors, our current officer and principal shareholder advanced to us $17,300 by way of a promissory note to finance our working capital requirements. The promissory note bears interest at 8% per annum and is unsecured and dues on demand. As of June 30, 2021, interest of $292 was accrued with respect to this loan. As of June 30, 2021, the balance outstanding under this promissory note was $17,300.

COMMITMENTS & CONTINGENCIES

COMMITMENTS & CONTINGENCIES	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS & CONTINGENCIES	NOTE 7. COMMITMENTS & CONTINGENCIES Legal Proceedings We were not subject to any legal proceedings during the six-month periods ended June 30, 2020 or 2019, and, to the best of our knowledge, no legal proceedings are pending or threatened. Contractual Obligations Lease Agreement During the year ended December 31, 2020, we rented a storage unit under a month-to-month agreement. The rent was initially $120 a month and was reduced to $87 per month in April 2020 when we moved to a smaller unit. Effective January 2021 we are no longer renting a storage unit. 12 Table of Contents Employment Agreements Effective October 1, 2018, we entered into three-year employment agreements with two of our directors and officers. Each individual was entitled to a salary of $36,000 per year and bonuses and stock options to be determined and issued at a later date. The employment agreement for one of one of our officers was terminated by mutual agreement effective September 30, 2020. Placement Agent Fee Agreement On February 23, 2021, we entered into a Placement Agent Fee Agreement with CIM Securities, LLC, a Colorado Limited Liability Company (“CIM”) for the Regulation A Offering. We agreed to pay CIM a commission equal to seven percent (7%) in cash on the subscriptions completed, whether through an investor or referrals from CIM’s investors through May 23, 2021. We shall pay a three percent (3%) in non-accountable expenses for the anti-money laundering, due diligence, and legal costs required by the regulations applicable, from the proceeds at the closing of the subscriptions. In addition, contingent upon its success in raising funds, CIM Securities will be issued warrants to purchase Preferred shares at sale price of $10.00 for a period of three years after offering closes. The warrants will be able to be exercised cashless and have piggy-back registration rights for common stock upon conversion. The warrants will be for an amount equal to 7% of the shares sold in the Offering and shall be assignable. The common stock conversion rights shall be those as the Series B provides in the Certificate of Designation.

SHAREHOLDERS' DEFICIT

SHAREHOLDERS' DEFICIT	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
SHAREHOLDERS' DEFICIT	NOTE 8. SHAREHOLDERS’ DEFICIT Preferred Stock We are authorized to issue 4,000,000 shares of preferred stock with a par value of $0.0001. 1,000,000 shares of Series A Preferred Stock were designated and issued effective January 17, 2019. 5,000,000 shares of Series B 10% Cumulative Dividend Convertible Preferred Stock were designated effective December 15, 2020. No other series of preferred stock had been designated or issued of June 30, 2021 or December 31, 2020. Series A Preferred Stock The shares of Series A Preferred Stock carry super majority voting rights such that they can vote the equivalent of 60% of common stock at all times. As of June 30, 2021 and December 31, 2020, 1,000,000 shares of Series A Preferred Stock were issued and outstanding. Series B Preferred 10% Cumulative Dividend Convertible Stock On December 15, 2020, we designated 5,000,000 shares of Preferred Stock as Series B Convertible Preferred Stock, with a par value of $0.0001. No shares of Series B Convertible Preferred Stock have been issued to date. Liquidation Rights The Series B Preferred Stock has a liquidation preference immediately after any Senior Securities, as defined and currently the Series A Preferred Stock, and of an amount equal to $10.00 per share. 13 Table of Contents Conversion Rights The conversion price for the Series B Preferred Stock shall be 75% of the ten (10) day average market closing price of common stock, for the previous ten business days, divided into $10.00. ($10.00 / by average market closing price previous ten trading days x 75%) = number of common shares. At any time on or after eighteen months after issuance (18 months), immediately upon the listing of our Common Stock on an Approved Stock Exchange pursuant to an effective registration statement under the Securities Act of 1933, and a Form 10/12b Registration, as amended all outstanding shares of the Series B Preferred Stock shall automatically be converted into shares of the Common Stock, at the “Preferred Conversion Rate,” which shall be post reverse-split of the Common Stock as may be necessary for any Exchange listing, and (2) such shares of Series B may not be reissued by us. A condition of this conversion is that a Registration Statement for the conversion shares shall be effective. Dividends The Series B Preferred Stock shall bear dividends, at ten percent (10%) annually, cumulative, based upon a purchase price of $10.00 per share, computed as (10% x $10.00 = $1.00 per share dividend per annum), payable in cash, on or about December 31 of each year, from the date of issue. Payment in cash shall be made on or before January 31 following, at the discretion of the Board. We shall pay a Project Participation Dividend to the Series B Preferred Stock record holders (pro rata to the holder’s ownership of the Series B Preferred Stock) in cash computed based upon 3% of the net sales of our real estate projects, computed annually by March 1 of the following year for the previous year, for so long as the Series B Preferred Stock is outstanding. In the event that the Series B Preferred Stock is redeemed or converted during a calendar year, the dividend above shall be pro-rated for the year up to redemption date or conversion date and paid in following year by March 1. Voting Rights Each holder of shares of the Series B Preferred Stock shall be entitled to the number of votes equal to the number of shares of the Common Stock into which such shares of the Series B Preferred Stock are then convertible. We will have the right, at our option, to redeem all or any portion of the shares of Series B Preferred Stock. On the date fixed for redemption we shall make payment of the Optional Redemption Amount as calculated below. Redemption Period Redemption Percentage 1. The period beginning on the date of the issuance of shares of Series B Preferred Stock (the “Issuance Date”) and ending on the date which is one (1) year following the Issuance Date. 130% 2. The period beginning on the date which is one (1) year and one day following the Issuance Date and ending on the date which is two (2) years following the Issuance Date. 120% 3. The period beginning on the date which is two (2) years and one day following the Issuance Date and ending on the date which is three (3) years following the Issuance Date. 110% 4. The period beginning on the date that is three (3) years and one day from the Issuance Date and ending ten (10) years following the Issuance Date. 100% Common Stock We are authorized to issue 25,000,000 shares of common stock with a par value of $0.0001. 14 Table of Contents No shares of common stock were issued during the three- and six-month periods ended June 30, 2021 and 2020. In both our Form 10-Q for the three and nine months ended September 30, 2020, filed on November 16, 2020 and our Form 8-K filed on December 4, 2020, we disclosed our intention to issue certain shares of common stock to directors, officers and staff. No such shares have been issued at this time and any such issuances are unlikely to be finalized before Q4 2021. As of June 30, 2021 and December 31, 2020, 21,525,481 shares of common stock were issued and outstanding. Stock Options We have an incentive stock option plan, which provides for the granting by the Board of Directors of stock options to directors and officers for the purchase of authorized but unissued common shares. No stock options have been granted under this plan since its inception.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 9. SUBSEQUENT EVENTS The Company evaluated subsequent events after June 30, 2021, in accordance with FASB ASC 855 Subsequent Events, through the date of the issuance of these financial statements and has determined there have been no subsequent events for which disclosure is required other than as set out below: Effective July 17, 2021, we filed an amendment to our Form 1-A previously filed on January 15, 2021.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The summary of significant accounting policies is presented to assist in the understanding of the financial statements. These policies conform to GAAP and have been consistently applied. The Company has selected December 31 as its financial year end. The Company has not earned any revenue to date.
Interim Financial Statements	Interim Financial Statements The accompanying unaudited interim condensed financial statements have been prepared in accordance with GAAP for interim financial information in accordance with Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at June 30, 2021 and for the related periods presented, have been included. The results for the three- and six-month periods ended June 30, 2021 are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the financial statements and footnotes thereto for the year ended December 31, 2020 filed in our Form 10-K on March 31, 2021.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents We maintain cash balances in a non-interest-bearing account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with a maturity of three months or less are considered to be cash equivalents. As of June 30, 2021 and December 31, 2020, our cash balances were $372 and $39, respectively.
Fair Value Measurements	Fair Value Measurements: ASC Topic 820, Fair Value Measurements and Disclosures ("ASC 820"), provides a comprehensive framework for measuring fair value and expands disclosures which are required about fair value measurements. Specifically, ASC 820 sets forth a definition of fair value and establishes a hierarchy prioritizing the inputs to valuation techniques, giving the highest priority to quoted prices in active markets for identical assets and liabilities and the lowest priority to unobservable value inputs. ASC 820 defines the hierarchy as follows: Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reported date. The types of assets and liabilities included in Level 1 are highly liquid and actively traded instruments with quoted prices, such as equities listed on the New York Stock Exchange. Level 2 – Pricing inputs are other than quoted prices in active markets but are either directly or indirectly observable as of the reported date. The types of assets and liabilities in Level 2 are typically either comparable to actively traded securities or contracts or priced with models using highly observable inputs. Level 3 – Significant inputs to pricing that are unobservable as of the reporting date. The types of assets and liabilities included in Level 3 are those with inputs requiring significant management judgment or estimation, such as complex and subjective models and forecasts used to determine the fair value of financial transmission rights. Our financial instruments consist of our cash, prepaid expenses, accounts payable, accrued expenses - related parties and notes payable – related party. The carrying amount of our prepaid expenses, accounts payable, accrued expenses- related parties and notes payable – related party approximates their fair values because of the short-term maturities of these instruments
Related Party Transactions	Related Party Transactions: A related party is generally defined as (i) any person that holds 10% or more of our membership interests including such person's immediate families, (ii) our management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with us, or (iv) anyone who can significantly influence our financial and operating decisions. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. See Notes 5, 6 and 8 below for details of related party transactions in the period presented.
Leases	Leases: We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) as assets, operating lease non-current liabilities, and operating lease current liabilities in our balance sheet. Finance leases are property and equipment, other current liabilities, and other non-current liabilities in the balance sheet. ROU assets represent the right to use an asset for the lease term and lease liability represent the obligation to make lease payment arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over lease term. As most of the leases doesn’t provide an implicit rate. We generally use the incremental borrowing rate on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The operating ROU asset also includes any lease payments made and exclude lease incentives. Lease expense for lease payment is recognized on a straight-line basis over the lease term. Since June 28, 2018 (Inception), the only lease arrangement we have entered into is a month-to-month lease for a storage unit. This lease has a term of less than 12 months, we have elected to adopt the exemption for short-term leases and have not accounted for it as described above. Effective January 2021 we are no longer renting a storage unit.
Income Taxes	Income Taxes: The provision for income taxes is computed using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating losses and tax credit carry-forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which those tax assets are expected to be realized or settled. We record a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.
Uncertain Tax Positions	Uncertain Tax Positions: We evaluate tax positions in a two-step process. We first determine whether it is more likely than not that a tax position will be sustained upon examination, based on the technical merits of the position. If a tax position meets the more-likely-than-not recognition threshold, it is then measured to determine the amount of benefit to recognize in the financial statements. The tax position is measured as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. We classify gross interest and penalties and unrecognized tax benefits that are not expected to result in payment or receipt of cash within one year as long-term liabilities in the financial statements.
Revenue Recognition	Revenue Recognition: Revenues are recognized when control of the promised goods or services are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements: Step 1: Identify the contract(s) with customers Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to performance obligations Step 5: Recognize revenue when the entity satisfies a performance obligation Service revenues are recognized as the services are performed in proportion to the transfer of control to the customer and real estate revenues are recognized at the time of sale when consideration has been exchanged and title has been conveyed to the buyer. During the three- and six-month periods ended June 30, 2021 and 2020, we did not recognize any revenue.
Advertising Costs	Advertising Costs: We expense advertising costs when advertisements occur. No advertising costs were incurred during the three- and six-month periods ended June 30, 2021 and 2020.
Stock-Based Compensation	Stock-Based Compensation: The cost of equity instruments issued to non-employees in return for goods and services is measured by the fair value of the equity instruments issued in accordance with ASC 718, “Compensation - Stock Compensation.” Measurement date for non-employees is the grant date of the stock-based compensation. The cost of employee services received in exchange for equity instruments is based on the grant date fair value of the equity instruments issued.
Net Loss per Share Calculation	Net Loss per Share Calculation: Basic earnings (loss) per common share ("EPS") is computed by dividing net income (loss) available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average shares outstanding, assuming all dilutive potential common shares were issued. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. No potentially dilutive debt or equity instruments were issued or outstanding during the three- and six-month periods ended June 30, 2021 and 2020.
Recently Accounting Pronouncements	Recently Accounting Pronouncements: We have reviewed all the recently issued, but not yet effective, accounting pronouncements and do not believe any of these pronouncements will have a material impact on our financial statements.

SHAREHOLDERS' DEFICIT (Tables)

SHAREHOLDERS' DEFICIT (Tables)	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Schedule of Optional Redemption	We will have the right, at our option, to redeem all or any portion of the shares of Series B Preferred Stock. On the date fixed for redemption we shall make payment of the Optional Redemption Amount as calculated below. Redemption Period Redemption Percentage 1. The period beginning on the date of the issuance of shares of Series B Preferred Stock (the “Issuance Date”) and ending on the date which is one (1) year following the Issuance Date. 130% 2. The period beginning on the date which is one (1) year and one day following the Issuance Date and ending on the date which is two (2) years following the Issuance Date. 120% 3. The period beginning on the date which is two (2) years and one day following the Issuance Date and ending on the date which is three (3) years following the Issuance Date. 110% 4. The period beginning on the date that is three (3) years and one day from the Issuance Date and ending ten (10) years following the Issuance Date. 100%

NATURE OF OPERATIONS (Details)

NATURE OF OPERATIONS (Details)	6 Months Ended
	Jun. 30, 2021USD ($)
Willamette Group Trust [Member]
Development fee payable	$ 262,500
Promissory Note [Member] | RRDFPLLLP and DDH [Member]
Notes payable	$ 1,260,000
Interest rate on notes payable	6.00%
Per Lot [Member]
Purchase price of ownership	$ 60,000
Per Lot [Member] | Willamette Group Trust [Member]
Development fee payable	12,500
21 Lots [Member]
Purchase price of ownership	$ 1,260,000
RRDFPLLLP [Member]
Ownership percentage	75.00%
DDH [Member]
Ownership percentage	25.00%
Summit [Member]
Ownership percentage sold	100.00%

GOING CONCERN (Details)

GOING CONCERN (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Disclosure of Going Concern [Abstract]
Net Income (Loss)	$ 50,957	$ 37,087	$ 35,765	$ 36,823	$ 88,044	$ 72,588
Accumulated Deficit	$ 407,106				$ 407,106		$ 319,062

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Cash and Cash Equivalents	$ 372	$ 39	$ 44	$ 244

PREPAID EXPENSES (Details)

PREPAID EXPENSES (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Prepaid Expense, Current [Abstract]
Prepayments and deposits		$ 3,250

ACCRUED EXPENSES - RELATED PA_2

ACCRUED EXPENSES - RELATED PARTIES (Details) - Officers and Directors [Member] - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Accrued compensation	$ 173,500	$ 153,000
Accrued interest	$ 19,956	$ 12,630

NOTES PAYABLE - RELATED PARTI_2

NOTES PAYABLE - RELATED PARTIES (Details) - Promissory Note [Member] - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Directors and Officers [Member]
Debt Instrument [Line Items]
Debt instrument face amount	$ 28,268		$ 39,071
Debt instrument bears interest rate	8.00%
Accrued interest	$ 19,664	$ 12,630
Debt instrument outstanding balance	187,142	$ 158,874
Directors and Officers One [Member]
Debt Instrument [Line Items]
Debt instrument face amount	17,300
Accrued interest	292
Debt instrument outstanding balance	$ 17,300

COMMITMENTS & CONTINGENCIES (De

COMMITMENTS & CONTINGENCIES (Details) - USD ($)	1 Months Ended	6 Months Ended
	Apr. 30, 2020	Jun. 30, 2021	Feb. 23, 2021
Rent paid per month		$ 120
Commission fee			7.00%
Non-Accountable Expenses			3.00%
Share price			$ 10
Minimum [Member]
Rent paid per month	$ 87
Directors and Officers [Member]
Employment agreement term		3 years
Amount of Salary per year		$ 36,000

SHAREHOLDERS' DEFICIT (Details)

SHAREHOLDERS' DEFICIT (Details) - $ / shares	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Jan. 17, 2019
Class of Stock [Line Items]
Preferred Stock, Par Value	$ 0.0001	$ 0.0001
Preferred Stock Authorized	4,000,000	4,000,000
Preferred Stock Issued	0	0
Preferred Stock Outstanding	0	0
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock Authorized	25,000,000	25,000,000
Common Stock Issued	21,525,481	21,525,481
Common Stock Outstanding	21,525,481	21,525,481
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Par Value	$ 0.0001	$ 0.0001
Preferred Stock Authorized	1,000,000	1,000,000
Preferred Stock Issued	1,000,000	1,000,000
Preferred Stock Outstanding	1,000,000	1,000,000
Percentage of preferred stock voting rights	60%
Series A Preferred Stock [Member] | Directors and Officers [Member]
Class of Stock [Line Items]
Preferred Stock Issued			1,000,000
Series B Preferred 10% Cumulative Dividend Convertible Stock [Member]
Class of Stock [Line Items]
Preferred Stock Authorized		5,000,000
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Par Value	$ 0.0001	$ 0.0001
Preferred Stock Authorized	5,000,000	5,000,000
Preferred Stock Issued	0	0
Preferred Stock Outstanding	0	0

SHAREHOLDERS' DEFICIT (Schedule

SHAREHOLDERS' DEFICIT (Schedule of Optional Redemption) (Details)	6 Months Ended
	Jun. 30, 2021
Redemption Period One [Member]
Class of Stock [Line Items]
Redemption Period	The period beginning on the date of the issuance of shares of Series B Preferred Stock (the “Issuance Date”) and ending on the date which is one (1) year following the Issuance Date.
Redemption Percentage	130.00%
Redemption Period Two [Member]
Class of Stock [Line Items]
Redemption Period	The period beginning on the date which is one (1) year and one day following the Issuance Date and ending on the date which is two (2) years following the Issuance Date.
Redemption Percentage	120.00%
Redemption Period Three [Member]
Class of Stock [Line Items]
Redemption Period	The period beginning on the date which is two (2) years and one day following the Issuance Date and ending on the date which is three (3) years following the Issuance Date.
Redemption Percentage	110.00%
Redemption Period Four [Member]
Class of Stock [Line Items]
Redemption Period	The period beginning on the date that is three (3) years and one day from the Issuance Date and ending ten (10) years following the Issuance Date.
Redemption Percentage	100.00%