NOWTRANSIT (NOTR) 10-K 1 Nov 22 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Aug. 31, 2022	Oct. 26, 2022	Feb. 28, 2022
Document Information Line Items
Entity Registrant Name	NOWTRANSIT INC.
Document Type	10-K
Current Fiscal Year End Date	--08-31
Entity Common Stock, Shares Outstanding		5,461,500
Entity Public Float			$ 9,980,625
Amendment Flag	false
Entity Central Index Key	0001784440
Entity Current Reporting Status	No
Entity Voluntary Filers	Yes
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Aug. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	true
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Annual Report	true
Document Transition Report	false
Entity File Number	333-234487
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	98-1498782
Entity Address, Address Line One	2825 East Cottonwood Parkway
Entity Address, Address Line Two	Suite 500 - #5130
Entity Address, City or Town	Salt Lake City
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84121
City Area Code	(801)
Local Phone Number	810-6209
Title of 12(b) Security	None
No Trading Symbol Flag	true
Security Exchange Name	NONE
Entity Interactive Data Current	Yes
Auditor Firm ID	5732
Auditor Location	Pleasant Hill, California
Auditor Name	Spiegel Accountancy Corp.

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Aug. 31, 2022	Aug. 31, 2021
Current assets
Cash	$ 16,253	$ 2,035
Prepaid expenses	0	4,279
Total current assets	16,253	6,314
Total assets	16,253	6,314
Current liabilities
Accounts payable	1,860	0
Accrued interest - related party	0	450
Due to related parties	0	2,893
Loan payable	0	8,713
Note payable - related party	0	7,050
Total liabilities	1,860	19,106
Stockholders' equity (deficit)
Preferred stock, Series A Convertible; $0.0001 par value, 100,000 and 0 shares issued and outstanding at August 31, 2022 and 2021, respectively	10	0
Common stock, $0.0001 par value, 75,000,000 shares authorized, 5,461,500 shares issued and outstanding	546	546
Additional paid-in capital	131,237	20,854
Accumulated deficit	(117,400)	(34,192)
Total stockholders' equity (deficit)	14,393	(12,792)
Total liabilities and stockholders' equity (deficit)	$ 16,253	$ 6,314

BALANCE SHEETS (Parentheticals)

BALANCE SHEETS (Parentheticals) - $ / shares	Aug. 31, 2022	Aug. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares issued	100,000	0
Preferred stock, shares outstanding	100,000	0
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares issued	5,461,500	5,461,500
Common stock, shares outstanding	5,461,500	5,461,500
Common stock, shares authorized	75,000,000	75,000,000

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Income Statement [Abstract]
Revenue	$ 0	$ 0
General and administrative expenses	91,921	25,610
Total operating expenses	91,921	25,610
Net loss from operations	(91,921)	(25,610)
Other Income:
Gain on forgiveness of debt	8,713	0
Total other income	8,713	0
Net loss before income taxes	(83,208)	(25,610)
Provision for income taxes	0	0
Net loss	$ (83,208)	$ (25,610)
Net loss per share - basic and diluted (in Dollars per share)	$ (0.02)	$ 0
Weighted average shares outstanding - basic and diluted (in Shares)	5,461,500	5,461,500

STATEMENTS OF STOCKHOLDERS' EQU

STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Preferred Stock [Member]	Total
Balance at Aug. 31, 2020	$ 546	$ 20,854	$ (8,582)		$ 12,818
Balance (in Shares) at Aug. 31, 2020	5,461,500
Net loss			(25,610)		(25,610)
Balance at Aug. 31, 2021	$ 546	20,854	(34,192)		$ (12,792)
Balance (in Shares) at Aug. 31, 2021	5,461,500				5,461,500
Issuance of preferred stock for cash		99,990		$ 10	$ 100,000
Issuance of preferred stock for cash (in Shares)				100,000
Forgiveness of related party debt		10,393			10,393
Net loss			(83,208)		(83,208)
Balance at Aug. 31, 2022	$ 546	$ 131,237	$ (117,400)	$ 10	$ 14,393
Balance (in Shares) at Aug. 31, 2022	5,461,500			100,000	5,461,500

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (83,208)	$ (25,610)
Adjustments to reconcile net loss to cash used in operating activities:
Gain on forgiveness of debt	(8,713)	0
Changes in assets and liabilities:
Prepaid expenses	4,279	(4,279)
Accounts payable	1,860	0
Accrued interest - related party	0	450
Net cash used in operating activities	(85,782)	(29,439)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal payments on loan	0	(298)
Proceeds from related party	0	2,893
Proceeds from loan payable	0	1,200
Proceeds from note payable - related party	0	7,050
Proceeds from issuance of preferred stock	100,000	0
Net cash provided by financing activities	100,000	10,845
Net increase (decrease) in cash	14,218	(18,594)
Cash at beginning of period	2,035	20,629
Cash at end of period	16,253	2,035
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	0	0
Cash paid for income taxes	0	0
SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Reclassification of loan payable - related party to loan payable	0	8,251
Forgiveness of related party debt	$ 10,393	$ 0

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	12 Months Ended
	Aug. 31, 2022
Accounting Policies [Abstract]
Business Description and Basis of Presentation [Text Block]	NOTE 1: ORGANIZATION AND BASIS OF PRESENTATION Nowtransit Inc. (the “Company,” “us,” “we”) was incorporated in the State of Nevada on July 8, 2019. We have not generated material revenues, have minimal assets and have incurred losses since inception. We were formed to engage in the online delivery business, but in connection with the Change of Control described in the following paragraph, the Company has terminated its plans in the online delivery business. Since the Change of Control, we commenced seeking new business opportunities in the United States. On April 2, 2021, Justin Earl purchased from Ivan Homici 2,800,000 shares of common stock of Nowtransit Inc. (the “Company”), for a total purchase price of $28,000 (the “Change of Control”). The Change of Control was affected pursuant to a Stock Purchase Agreement dated April 2, 2021 by and among Mr. Earl as the purchaser, and Mr. Homici, the Company’s majority shareholder and sole director and officer, as the seller. Following the Change of Control, Mr. Earl owns 2,800,000 shares of common stock, which constitutes approximately 51.3% of the common stock issued and outstanding. On July 29, 2021, Mr. Homici resigned as the Company’s director, President, Treasurer and Secretary and was replaced in each such role by Mr. Earl.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Aug. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Substantial Doubt about Going Concern [Text Block]	NOTE 2: GOING CONCERN The accompanying financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”), which contemplate continuation of the Company as a going concern. The Company has an accumulated deficit of $117,400 as of August 31, 2022, and $34,192 as of August 31, 2021. The Company had losses of $83,208 for the fiscal year ended August 31, 2022, and $25,610 for the fiscal year ended August 31, 2021, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern. Economic downturns, including the recession we may be entering, combined with high inflation and investor uncertainties may increase our requirements for capital, particularly if such economic downturn persists for an extended period of time or after we have acquired an operating entity, and may limit or hinder our ability to obtain the funding we require. If the amount of capital we are able to raise from financing activities, together with any revenues we may generate from future operations, is not sufficient to satisfy our capital needs, the Company’s future operating results may be materially adversely affected.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Aug. 31, 2022
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 3: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying financial statements have been prepared in accordance with United States Generally Accepted Accounting Principles (“US GAAP”). The Company’s year-end is August 31. Use of Estimates The preparation of financial statements in conformity with US 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid debt instruments purchased with an original maturity date of three months or less to be cash equivalents. The Company had $16,253 and $2,035 in cash as of August 31, 2022 and 2021, respectively, and no cash equivalents. Concentration of Credit Risks The Company maintains funds in a financial institution that is a member of the Federal Deposit Insurance Corporation. As such, funds are insured based on Federal Reserve limits. At August 31, 2022 and 2021, the Company did not have cash deposits in excess of these insured limits. Fair Value of Financial Instruments FASB ASC Topic 820, "Fair Value Measurement," The three levels are defined as follows: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. Due to the short-term nature, the carrying values of the Company’s current assets and liabilities approximated fair value at August 31, 2022 and 2021. Income Taxes The Company is a C Corporation under the Internal Revenue Code and a similar section of the state code. All income tax amounts reflect the use of the liability method under accounting for income taxes. Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes arising primarily from differences between financial and tax reporting purposes. Current year expense represents the amount of income taxes paid, payable or refundable for the period. Deferred income taxes, net of appropriate valuation allowances, are determined using the tax rates expected to be in effect when the taxes are actually paid. Valuation allowances are recorded against deferred tax assets when it is more likely than not that such assets will not be realized. When an uncertain tax position meets the more likely than not recognition threshold, the position is measured to determine the amount of benefit or expense to recognize in the financial statements. The Company’s income tax returns are subject to review and examination by federal, state and local governmental authorities. Basic and Diluted Loss Per Share The Company computes loss per share in accordance with FASB ASC 260 “ Earnings per Share. Recent Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40)”. This ASU reduces the number of accounting models for convertible debt instruments and convertible Preferred Stock, as well as amend the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. In addition, this ASU improves and amends the related EPS guidance. This standard is effective for us on January 1, 2022, including interim periods within such fiscal year. Adoption is either a modified retrospective method or a fully retrospective method of transition. We have elected to early adopt ASU 2020-06 effective September 1, 2021 with no material impact to the financial statements. We do not believe that any other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the accompanying consolidated financial statements.

LOAN PAYABLE

LOAN PAYABLE	12 Months Ended
	Aug. 31, 2022
Debt Disclosure [Abstract]
Short-Term Debt [Text Block]	NOTE 4: LOAN PAYABLE On May 6, 2020, the Company entered into a loan agreement with a third party for $760. The loan was without interest and payable upon demand. During the fiscal year ended August 31, 2021, the Company reclassified the amount of $8,251 from Due to Related Parties to Loan Payable. This amount represents a loan made to the Company by its former President, Ivan Homici, including $1,200 received during the fiscal year ended August 31, 2021. Mr. Homici was no longer considered a related party of the Company at August 31, 2021. Also during the fiscal year ended August 31, 2021, the Company applied the balance of $298 in a bank account to the amount owed to Mr. Homici. On February 11, 2022, the third party loan in the amount of $760 and the loan from Mr. Homici in the amount of $7,953 were forgiven resulting in a gain on forgiveness of debt in the amount of $8,713. At August 31, 2022 and 2021, the amount classified as Loan Payable on the Company’s balance sheet is $0 and $8,713, respectively.

DUE TO RELATED PARTIES

DUE TO RELATED PARTIES	12 Months Ended
	Aug. 31, 2022
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]
Other Liabilities Disclosure [Text Block]	NOTE 5: DUE TO RELATED PARTIES In August 2021, the Company received a loan in the amount of $2,893 from Justin Earl, its President and a director. On August 16, 2022 the loan from Mr. Earl in the amount of $2,893 was forgiven. The related party loan forgiveness is considered a capital transaction and is included in Additional-paid-in capital on the Company’s balance sheet. At August 31, 2022 and 2021, the amount of loans due to Mr. Earl was $0 and $2,893, respectively.

NOTE PAYABLE - RELATED PARTIES

NOTE PAYABLE - RELATED PARTIES	12 Months Ended
	Aug. 31, 2022
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 6: NOTE PAYABLE RELATED PARTIES On August 31, 2021, the Company entered into a Promissory Note agreement (the “OO Marketing Promissory Note”) with OO Marketing, a consulting firm owned by Justin Earl, the Company’s President and director, in the principal amount of $7,050. The OO Marketing Promissory Note was unsecured, bore a one-time interest charge in the amount of $450, and was payable upon demand. During the fiscal year ended August 31, 2021, the Company recorded interest expense in the amount of $450 on the OO Marketing Promissory Note. On August 16, 2022, the OO Marketing Promissory Note in the amount of $7,050 and accrued interest in the amount of $450 was forgiven. The related party note payable forgiveness is considered a capital transaction and is included in Additional-paid-in capital on the Company’s balance sheet. At August 31, 2022, the amount due under the OO Marketing Promissory Note was principal and accrued interest of $0. At August 31, 2021, the amount due under the OO Marketing Promissory Note was principal of $7,050 and accrued interest of $450.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	12 Months Ended
	Aug. 31, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 7: STOCKHOLDERS EQUITY Common Stock The Company has 75,000,000, $0.0001 par value shares of voting common stock authorized. There were no issuances of common stock during the years ended August 31, 2022 or 2021. As of August 31, 2022 and 2021, there were 5,461,500 shares of common stock issued and outstanding. All shares of common stock have voting rights and are identical. All holders of shares of common stock shall at every meeting of the stockholders be entitled to one vote for each share of the capital stock held by such stockholder. Preferred Stock On October 19, 2021, the Company filed a Certificate of Amendment to its Articles of Incorporation authorizing up to 5,000,000 shares of Preferred Stock, par value $0.0001 per share, with such rights, preferences and limitations as may be set forth in resolutions adopted by the Board of Directors. On November 1, 2021, the Company filed a Certificate of Designation designating 1,000,000 shares of Preferred Stock as Series A Convertible Preferred Stock (the “Series A”). Each share of the Series A is convertible into three shares of the Company’s common stock at the holder's election, subject to a 4.99% beneficial ownership limitation which may be increased to 9.99% upon 61 days’ notice. On November 3, 2021, the Company entered into a Stock Purchase Agreement with an accredited investor pursuant to which the Company sold to the purchaser 100,000 shares of the Series A at a purchase price of $1.00 per share (the “Offering”). The Company received $100,000 in gross proceeds from the Offering. The Company had 100,000 and 0 shares of Series A Convertible Preferred Stock, par value $0.0001, outstanding at August 31, 2022 and 2021, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Aug. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 8: COMMITMENTS AND CONTINGENCIES In the normal course of business, the Company may become a party to litigation matters involving claims against it. At August 31, 2022, there are no current matters that would have a material effect on the Company’s financial position or results of operations. The Company has a month-to-month lease. Annual expense for the years ended August 31, 2022 and 2021 was $864 and $0, respectively.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Aug. 31, 2022
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 9: INCOME TAXES In assessing the realization of deferred tax assets, management considers whether it is more likely than not that a portion of the net deferred assets will not be realized. The ultimate realization of the net deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Based on the available objective evidence, management believes it is more likely than not that the net deferred tax assets at August 31, 2022 and 2021 will not be realizable. Accordingly, management has maintained a full valuation allowance against its net deferred tax assets at August 31, 2022 and 2021. The net change in the total valuation allowance for the periods ended August 31, 2022 and 2021 was an increase of $17,474 and $5,378, respectively. At August 31, 2022 and 2021, we had federal and state net operating loss carryforwards of approximately $24,654 and $7,180, respectively. The income tax benefit (provision) is comprised of the following: Year ended August 31, 2022 Year ended August 31, 2021 Current: Federal $ – $ – State $ – $ – A reconciliation of the United States statutory income tax rate to the effective income tax rate is as follows: Year ended August 31, 2022 Year ended August 31, 2021 United States federal statutory rate 21.00 % 21.00 % State taxes net of federal benefit 0.00 % 0.00 % Valuation allowance (21.00 %) (21.00 %) 0.00 % 0.00 % Deferred tax assets consisted of the following: August 31, 2022 August 31, 2021 Net operating loss carryforward $ 24,654 $ 7,180 Valuation allowance (24,654 ) (7,180 ) Deferred tax assets after valuation allowance $ – $ –

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Aug. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 10: RELATED PARTY TRANSACTIONS During the fiscal year ended August 31, 2021, the Company’s former director provided office space to the Company at no charge. From time to time, the Company has received loans from related parties for working capital purposes. During the year ended August 31, 2022, $10,393 in related party loans and interest were forgiven. See notes 5 and 6.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Aug. 31, 2022
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 11: SUBSEQUENT EVENTS In accordance with FASB ASC Topic 855 “Subsequent Events,” the Company has analyzed its operations through the date the financial statements were issued and noted no items requiring disclosure.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Aug. 31, 2022
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying financial statements have been prepared in accordance with United States Generally Accepted Accounting Principles (“US GAAP”). The Company’s year-end is August 31.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with US 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company considers all highly liquid debt instruments purchased with an original maturity date of three months or less to be cash equivalents. The Company had $16,253 and $2,035 in cash as of August 31, 2022 and 2021, respectively, and no cash equivalents.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risks The Company maintains funds in a financial institution that is a member of the Federal Deposit Insurance Corporation. As such, funds are insured based on Federal Reserve limits. At August 31, 2022 and 2021, the Company did not have cash deposits in excess of these insured limits.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value of Financial Instruments FASB ASC Topic 820, "Fair Value Measurement," The three levels are defined as follows: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. Due to the short-term nature, the carrying values of the Company’s current assets and liabilities approximated fair value at August 31, 2022 and 2021.
Income Tax, Policy [Policy Text Block]	Income Taxes The Company is a C Corporation under the Internal Revenue Code and a similar section of the state code. All income tax amounts reflect the use of the liability method under accounting for income taxes. Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes arising primarily from differences between financial and tax reporting purposes. Current year expense represents the amount of income taxes paid, payable or refundable for the period. Deferred income taxes, net of appropriate valuation allowances, are determined using the tax rates expected to be in effect when the taxes are actually paid. Valuation allowances are recorded against deferred tax assets when it is more likely than not that such assets will not be realized. When an uncertain tax position meets the more likely than not recognition threshold, the position is measured to determine the amount of benefit or expense to recognize in the financial statements. The Company’s income tax returns are subject to review and examination by federal, state and local governmental authorities.
Earnings Per Share, Policy [Policy Text Block]	Basic and Diluted Loss Per Share The Company computes loss per share in accordance with FASB ASC 260 “ Earnings per Share.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40)”. This ASU reduces the number of accounting models for convertible debt instruments and convertible Preferred Stock, as well as amend the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. In addition, this ASU improves and amends the related EPS guidance. This standard is effective for us on January 1, 2022, including interim periods within such fiscal year. Adoption is either a modified retrospective method or a fully retrospective method of transition. We have elected to early adopt ASU 2020-06 effective September 1, 2021 with no material impact to the financial statements. We do not believe that any other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the accompanying consolidated financial statements.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Aug. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The income tax benefit (provision) is comprised of the following: Year ended August 31, 2022 Year ended August 31, 2021 Current: Federal $ – $ – State $ – $ –
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	A reconciliation of the United States statutory income tax rate to the effective income tax rate is as follows: Year ended August 31, 2022 Year ended August 31, 2021 United States federal statutory rate 21.00 % 21.00 % State taxes net of federal benefit 0.00 % 0.00 % Valuation allowance (21.00 %) (21.00 %) 0.00 % 0.00 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Deferred tax assets consisted of the following: August 31, 2022 August 31, 2021 Net operating loss carryforward $ 24,654 $ 7,180 Valuation allowance (24,654 ) (7,180 ) Deferred tax assets after valuation allowance $ – $ –

ORGANIZATION AND BASIS OF PRE_2

ORGANIZATION AND BASIS OF PRESENTATION (Details) - USD ($)		12 Months Ended
	Apr. 02, 2021	Aug. 31, 2022
ORGANIZATION AND BASIS OF PRESENTATION (Details) [Line Items]
Stock Issued During Period, Shares, New Issues	2,800,000
Stock Issued During Period, Value, New Issues (in Dollars)	$ 28,000	$ 100,000
Investment Owned, Balance, Shares	2,800,000
Nowtransit Inc. [Member]
ORGANIZATION AND BASIS OF PRESENTATION (Details) [Line Items]
Equity Method Investment, Ownership Percentage	51.30%

GOING CONCERN (Details)

GOING CONCERN (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Retained Earnings (Accumulated Deficit)	$ (117,400)	$ (34,192)
Net Income (Loss) Attributable to Parent	$ (83,208)	$ (25,610)

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Accounting Policies [Abstract]
Cash	$ 16,253	$ 2,035
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares)	300,000

LOAN PAYABLE (Details)

LOAN PAYABLE (Details) - USD ($)		12 Months Ended
	Feb. 11, 2022	Aug. 31, 2022	Aug. 31, 2021	May 06, 2020
LOAN PAYABLE (Details) [Line Items]
Debt Instrument, Face Amount			$ 7,050	$ 760
Debt Instrument, Increase (Decrease), Net			8,251
Proceeds from Loans		$ 0	1,200
Debt Instrument, Increase (Decrease), Other, Net			298
Gain (Loss) on Extinguishment of Debt	$ 8,713	8,713	0
Loans Payable		$ 0	8,713
Homici Loan [Member]
LOAN PAYABLE (Details) [Line Items]
Proceeds from Loans			$ 1,200
Extinguishment of Debt, Amount	7,953
Third Party Loan [Member]
LOAN PAYABLE (Details) [Line Items]
Extinguishment of Debt, Amount	$ 760

DUE TO RELATED PARTIES (Details

DUE TO RELATED PARTIES (Details) - USD ($)		12 Months Ended
	Aug. 16, 2022	Aug. 31, 2022	Aug. 31, 2021
DUE TO RELATED PARTIES (Details) [Line Items]
Proceeds from Related Party Debt		$ 0	$ 2,893
President [Member]
DUE TO RELATED PARTIES (Details) [Line Items]
Extinguishment of Debt, Amount	$ 2,893
Due to Related Parties		$ 0	$ 2,893

NOTE PAYABLE - RELATED PARTIES

NOTE PAYABLE - RELATED PARTIES (Details) - USD ($)			12 Months Ended
	Aug. 16, 2022	Aug. 31, 2021	Aug. 31, 2021	Aug. 31, 2022	May 06, 2020
NOTE PAYABLE - RELATED PARTIES (Details) [Line Items]
Debt Instrument, Face Amount		$ 7,050	$ 7,050		$ 760
Interest Expense, Debt		450
Interest Expense			450
Notes Payable, Related Parties, Current		7,050	7,050	$ 0
Interest Payable, Current		$ 450	$ 450	$ 0
Operating Expense [Member]
NOTE PAYABLE - RELATED PARTIES (Details) [Line Items]
Extinguishment of Debt, Amount	$ 7,050
Interest Expense [Member]
NOTE PAYABLE - RELATED PARTIES (Details) [Line Items]
Extinguishment of Debt, Amount	$ 450

STOCKHOLDERS_ EQUITY (Details)

STOCKHOLDERS’ EQUITY (Details) - USD ($)			12 Months Ended
	Nov. 03, 2021	Apr. 02, 2021	Aug. 31, 2022	Aug. 31, 2021
STOCKHOLDERS’ EQUITY (Details) [Line Items]
Common Stock, Shares Authorized			75,000,000	75,000,000
Common Stock, Par or Stated Value Per Share (in Dollars per share)			$ 0.0001	$ 0.0001
Common Stock, Shares, Outstanding			5,461,500	5,461,500
Common Stock, Shares, Issued			5,461,500	5,461,500
Preferred Stock, Shares Authorized			5,000,000
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)			$ 0.0001	$ 0.0001
Preferred Stock, Conversion Basis			Each share of the Series A is convertible into three shares of the Company’s common stock at the holder's election, subject to a 4.99% beneficial ownership limitation which may be increased to 9.99% upon 61 days’ notice
Stock Issued During Period, Shares, New Issues		2,800,000
Shares Issued, Price Per Share (in Dollars per share)	$ 1
Proceeds from Issuance of Preferred Stock and Preference Stock (in Dollars)	$ 100,000		$ 100,000	$ 0
Preferred Stock, Shares Outstanding			100,000	0
Series A Preferred Stock [Member]
STOCKHOLDERS’ EQUITY (Details) [Line Items]
Preferred Stock, Shares Authorized			1,000,000
Stock Issued During Period, Shares, New Issues	100,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Operating Leases, Rent Expense	$ 864	$ 0

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Income Tax Disclosure [Abstract]
Increase (Decrease) in Deferred Income Taxes	$ 17,474	$ 5,378
Deferred Tax Assets, Operating Loss Carryforwards	$ 24,654	$ 7,180

INCOME TAXES (Details) - Schedu

INCOME TAXES (Details) - Schedule of Components of Income Tax Expense (Benefit) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Schedule Of Components Of Income Tax Expense Benefit Abstract
Federal	$ 0	$ 0
State	$ 0	$ 0

INCOME TAXES (Details) - Sche_2

INCOME TAXES (Details) - Schedule of Effective Income Tax Rate Reconciliation	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Schedule Of Effective Income Tax Rate Reconciliation Abstract
United States federal statutory rate	21%	21%
State taxes net of federal benefit	0%	0%
Valuation allowance	(21.00%)	(21.00%)
	0%	0%

INCOME TAXES (Details) - Sche_3

INCOME TAXES (Details) - Schedule of Deferred Tax Assets and Liabilities - USD ($)	Aug. 31, 2022	Aug. 31, 2021
Schedule Of Deferred Tax Assets And Liabilities Abstract
Net operating loss carryforward	$ 24,654	$ 7,180
Valuation allowance	(24,654)	(7,180)
Deferred tax assets after valuation allowance	$ 0	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details)	12 Months Ended
	Aug. 31, 2022 USD ($)
Related Party Transactions [Abstract]
Debt Instrument, Decrease, Forgiveness	$ 10,393