Cover
Cover - USD ($) $ in Millions | 12 Months Ended | |
Aug. 31, 2022 | Dec. 14, 2022 | |
Cover [Abstract] | ||
Entity Registrant Name | QLY BIOTECH GROUP CORP. | |
Entity Central Index Key | 0001787123 | |
Document Type | 10-K | |
Amendment Flag | false | |
Entity Voluntary Filers | No | |
Current Fiscal Year End Date | --08-31 | |
Entity Well Known Seasoned Issuer | No | |
Entity Small Business | true | |
Entity Shell Company | false | |
Entity Emerging Growth Company | true | |
Entity Current Reporting Status | Yes | |
Document Period End Date | Aug. 31, 2022 | |
Entity Filer Category | Non-accelerated Filer | |
Document Fiscal Period Focus | FY | |
Document Fiscal Year Focus | 2022 | |
Entity Ex Transition Period | false | |
Entity Common Stock Shares Outstanding | 3,895,000 | |
Entity Public Float | $ 0.9 | |
Document Annual Report | true | |
Document Transition Report | false | |
Entity File Number | 333-234137 | |
Entity Incorporation State Country Code | NV | |
Entity Tax Identification Number | 98-1448750 | |
Entity Address Address Line 1 | 5348 VEGAS DRIVE | |
Entity Address City Or Town | LAS VEGAS | |
Entity Address State Or Province | NV | |
Entity Address Postal Zip Code | 89108 | |
City Area Code | 86 | |
Icfr Auditor Attestation Flag | false | |
Auditor Name | TAAD LLP | |
Auditor Location | Diamond Bar, California | |
Auditor Firm Id | 5854 | |
Local Phone Number | 18678961296 | |
Security 12g Title | Common stock, $.001 par value | |
Trading Symbol | LQLY | |
Entity Interactive Data Current | No |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Aug. 31, 2022 | Aug. 31, 2021 |
CURRENT ASSETS | ||
Cash & cash equivalents | $ 0 | $ 5,169 |
Total current assets | 0 | 5,169 |
NON-CURRENT ASSETS | ||
Property, plant and equipment, net | 0 | 123 |
Intangible assets, net | 0 | 1,867 |
Total non-current assets | 0 | 1,991 |
TOTAL ASSETS | 0 | 7,159 |
CURRENT LIABILITIES | ||
Account payable | 0 | 1,525 |
Loan from related parties | 0 | 11,597 |
Total current liabilities | 0 | 13,122 |
TOTAL LIABILITIES | 0 | 13,122 |
STOCKHOLDERS' DEFICIT | ||
Common stock, $0.001 par value, 1,000,000,000 and 75,000,000 shares authorized, 3,895,000 and 3,895,000 shares issued and outstanding as of August 31, 2022 and 2021, respectively | 3,895 | 3,895 |
Additional paid-in capital | 46,030 | 25,955 |
Accumulated deficit | (49,925) | (35,813) |
TOTAL STOCKHOLDERS' DEFICIT | 0 | (5,963) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 0 | $ 7,159 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - $ / shares | Aug. 31, 2022 | Aug. 17, 2022 | Aug. 31, 2021 |
BALANCE SHEETS | |||
Common stock, shares par value | $ 0.001 | $ 0.001 | |
Common stock, shares authorized | 1,000,000,000 | 1,000,000 | 75,000,000 |
Common stock, shares issued | 3,895,000 | 3,895,000 | |
Common stock, shares outstanding | 3,895,000 | 3,895,000 |
STATEMENTS OF OPERATIONS AND CO
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) | 12 Months Ended | |
Aug. 31, 2022 | Aug. 31, 2021 | |
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS | ||
REVENUE | $ 0 | $ 4,000 |
COSTS OF REVENUE | 0 | (1,400) |
GROSS INCOME | 0 | 2,600 |
GENERAL & ADMINISTRATIVE EXPENSES | (14,112) | (32,103) |
LOSS BEFORE INCOME TAX | (14,112) | (29,503) |
INCOME TAX EXPENSE | 0 | 0 |
NET LOSS | (14,112) | (29,503) |
Other comprehensive gain (loss): | ||
Foreign exchange adjustment gain (loss) | 0 | 0 |
COMPREHENSIVE LOSS | $ (14,112) | $ (29,503) |
Net loss per share - Basic and diluted | $ 0 | $ 0 |
Weighted average number of common shares outstanding - Basic and diluted | 3,895,000 | 3,895,000 |
STATEMENTS OF CHANGES IN STOCKH
STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY (DEFICIT) - USD ($) | Total | Common Stock [Member] | Additional Paid-In Capital | Accumulated Deficit [Member] |
Balance, shares at Aug. 31, 2020 | 3,895,000 | |||
Balance, amount at Aug. 31, 2020 | $ 23,540 | $ 3,895 | $ 25,955 | $ (6,310) |
Net loss | (29,503) | $ 0 | 0 | (29,503) |
Satisfaction of amount due to current shareholder on August 31, 2022 | 0 | |||
Balance, shares at Aug. 31, 2021 | 3,895,000 | |||
Balance, amount at Aug. 31, 2021 | (5,963) | $ 3,895 | 25,955 | (35,813) |
Net loss | (14,112) | 0 | 0 | (14,112) |
Satisfaction of amount due to former shareholder in connection with July 8, 2022 change in control transaction | 18,925 | 0 | 18,925 | 0 |
Satisfaction of amount due to current shareholder on August 31, 2022 | 1,150 | $ 0 | 1,150 | 0 |
Balance, shares at Aug. 31, 2022 | 3,895,000 | |||
Balance, amount at Aug. 31, 2022 | $ 0 | $ 3,895 | $ 46,030 | $ (49,925) |
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 | $ (14,112) | $ (29,503) |
Adjustments to reconcile net loss to net cash used in operating activities | ||
Amortization cost and depreciation | 1,427 | 1,713 |
Changes in operating assets and liabilities: | ||
Accounts payable | (1,525) | 1,525 |
Net cash used in operating activities | (14,210) | (26,265) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds of loan from shareholder | 9,041 | 3,800 |
Net cash provided by financing activities | 9,041 | 3,800 |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 |
Net change in cash and cash equivalents | (5,169) | (22,465) |
Cash and cash equivalents, beginning of year | 5,169 | 27,634 |
CASH AND CASH EQUIVALENTS, END OF YEAR | 0 | 5,169 |
SUPPLEMENTAL CASH FLOWS INFORMATION | ||
Income taxes paid | 0 | 0 |
Interest paid | 0 | 0 |
NON-CASH INVESTMENT AND FINANCING ACTIVITIES | ||
Computer assigned to the former shareholder in connection with July 8, 2022 change in control transaction | 29 | 0 |
Website assigned to the former shareholder in connection with July 8, 2022 change in control transaction | 534 | 0 |
Satisfaction of amount due to former shareholder in connection with July 8, 2022 change in control transaction | 18,925 | 0 |
Satisfaction of amount due to current shareholder on August 31, 2022 | $ 1,150 | $ 0 |
ORGANIZATION AND BUSINESS BACKG
ORGANIZATION AND BUSINESS BACKGROUND | 12 Months Ended |
Aug. 31, 2022 | |
ORGANIZATION AND BUSINESS BACKGROUND | |
1. ORGANIZATION AND BUSINESS BACKGROUND | 1. ORGANIZATION AND BUSINESS BACKGROUND QLY Biotech Group Corp. (Former name: Azar International Corp.), a Nevada corporation (“the Company” or “OLY”) was incorporated under the laws of the State of Nevada on September 20, 2018. The Company was used to engaged in the tourism. The company used to organize individual and group sailing tours in the Dominican Republic. Services and itineraries were used to be provide by our company include custom packages according to the client’s specifications. And we used to develop and offer our own sailing tours in the North part of Dominican Republic as well as third-party suppliers. On July 8, 2022, as a result of a private transactions, 3,000,000 shares of common stock, $0.001 par value per share (the “Shares”) of QLY Biotech Group Corp. (Former name: Azar International Corp.)., were transferred from Hilario Lopez Vargas to Lixue Yang. As a result, Lixue Yang became holders of approximately 77% of the voting rights of the issued and outstanding share capital of the Company and became the controlling shareholder. The consideration paid for the Shares was $350,000. The source of the cash consideration for the Shares was personal funds of Lixue Yang. In connection with the transaction, Hilario Lopez Vargas released the Company from all debts owed to him, and the Company agreed to assign the Computer and Designer (that were acquired by the Company on September 30, 2019 and November 1, 2019, respectively) to him. On July 8, 2022, the existing director and officer resigned immediately. Accordingly, Hilario Lopez Vargas, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary and a Director. At the effective date of the transfer, Lixue Yang consented to act as the new Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary and a Director of the Company, |
GOING CONCERN UNCERTAINTIES
GOING CONCERN UNCERTAINTIES | 12 Months Ended |
Aug. 31, 2022 | |
GOING CONCERN UNCERTAINTIES | |
2. GOING CONCERN UNCERTAINTIES | 2. GOING CONCERN UNCERTAINTIES As of August 31, 2022, the Company suffered an accumulated deficit of $49,925 and incurred a net loss of $14,112. The continuation of the Company as a going concern through August 31, 2022 is dependent upon improving the profitability and the continuing financial support from its stockholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. These 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 in the Company not being able to continue as a going concern. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Aug. 31, 2022 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying audited financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying financial statements and notes. ● Basis of presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company’s fiscal year end is August 31. The Company’s financial statements are presented in U.S. dollars. ● Use of estimates In preparing these financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the periods reported. Actual results may differ from these estimates. ● Cash and cash equivalents The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. ● Property, plant and equipment Property, plant and equipment are carried at cost less accumulated depreciation. Depreciation is provided over their estimated useful lives, using the straight-line method. Estimated useful lives of the property and equipment are as follows: Office equipment 3 years The cost of maintenance and repairs is charged to expenses as incurred, whereas significant renewals and betterments are capitalized. ● Intangible assets, net Intangible assets with definite lives are stated at cost less accumulated amortization. Amortization is calculated on the straight-line basis over the following estimated useful lives: Website 3 years ● Revenue recognition The Company assesses and follows the guidance of ASC 606, revenue from contracts with customers is recognized using the following five steps: 1. Identify the contract(s) with a customer; 2. Identify the performance obligations in the contract; 3. Determine the transaction price; 4. Allocate the transaction price to the performance obligations in the contract; and 5. Recognize revenue when (or as) the entity satisfies a performance obligation. The Company had generated zero revenue during the year ended August 31, 2022. ● Income taxes The Company followed the liability method of accounting for income taxes in accordance with ASC 740, Income Taxes, or ASC 740. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Company recorded a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rate is recognized in tax expense in the period that includes the enactment date of the change in tax rate. The Company accounted for uncertainties in income taxes in accordance with ASC 740. Interest and penalties related to unrecognizable tax benefit recognized in accordance with ASC 740 are classified in the statements of comprehensive loss as income tax expense. ● Earnings per share The Company computes earnings per share (“EPS”) in accordance with ASC Topic 260, “Earnings per share”. Basic EPS is measured as the income or loss available to common shareholders divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., convertible securities, options, and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Any potential common shares in 2022 and 2021 that have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. ● Related party transaction A related party is generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated. ● Recent accounting pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations. |
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT | 12 Months Ended |
Aug. 31, 2022 | |
PROPERTY, PLANT AND EQUIPMENT | |
4. PROPERTY, PLANT AND EQUIPMENT | 4. PROPERTY, PLANT AND EQUIPMENT As of August 31, 2022 2021 Office equipment $ 339 $ 339 Less: Accumulated depreciation (216 ) (104 ) Less: Depreciation for the year (94 ) (112 ) Total accumulated depreciation (310 ) (216 ) Less: Computer assigned to the former shareholder in connection with July 8, 2022 change in control transaction (29 ) - Property, plant and equipment, net $ - $ 123 Depreciation expense, classified as operating expenses, was $94 and $112 for the year ended August 31, 2022 and 2021, respectively. |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 12 Months Ended |
Aug. 31, 2022 | |
INTANGIBLE ASSETS | |
5. INTANGIBLE ASSETS | 5. INTANGIBLE ASSETS As of August 31, 2022 2021 Website $ 4,800 $ 4,800 Less: Accumulated amortization (2,933 ) (1,333 ) Less: Amortization for the year (1,333 ) (1,600 ) Total accumulated amortization (4,266 ) (2,933 ) Less: Website assigned to the former shareholder in connection with July 8, 2022 change in control transaction (534 ) - Intangible assets, net $ - $ 1,867 Amortization costs, classified as operating expenses, was $1,333 and $1,600 for the year ended August 31, 2022 and 2021, respectively. |
ACCOUNTS PAYABLE
ACCOUNTS PAYABLE | 12 Months Ended |
Aug. 31, 2022 | |
ACCOUNTS PAYABLE | |
6. ACCOUNTS PAYABLE | 6. ACCOUNTS PAYABLE As of August 31, 2022 and 2021, our accounts payable are $0 and $1,525, respectively. |
LOANS FROM RELATED PARTY
LOANS FROM RELATED PARTY | 12 Months Ended |
Aug. 31, 2022 | |
LOANS FROM RELATED PARTY | |
7. LOANS FROM RELATED PARTY | 7. LOANS FROM RELATED PARTY As of August 31, 2022 and 2021, the former director of the Company advanced $0 and $11,597 to the Company, which is unsecured, interest-free with no fixed payment term, for working capital purpose. |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Aug. 31, 2022 | |
INCOME TAXES | |
8. INCOME TAXES | 8. INCOME TAXES For the years ended August 31, 2022 and 2021, the United States of loss before income taxes were comprised of the following: For the year ended August 31, 2022 2021 Tax jurisdictions from: $ $ - United States (14,112 ) (29,503 ) Income (loss) before income tax $ (14,112 ) $ (29,503 ) The provision for income taxes consisted of the following: For the year ended August 31, 2022 2021 Current: $ $ - United States - - Deferred: - United States - - Income tax expense $ - $ - The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America and the tax rate is 21%. As of August 31, 2022 the operations in the United States of America incurred $14,112 of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss carryforwards begin to expire in 2042, if unutilized. The Company has provided for a full valuation allowance of $0 against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future. As of August 31, 2022 2021 Deferred tax assets: $ $ Net operating loss carryforwards - United States of America (10,484) (6,195) Less: valuation allowance 10,484 6,195 Deferred tax assets $ - $ - |
COMMON STOCK
COMMON STOCK | 12 Months Ended |
Aug. 31, 2022 | |
COMMON STOCK | |
9. COMMON STOCK | 9. COMMON STOCK On August 17, 2022, the Company increased its authorized shares of common stock to 1,000,000. As of August 31, 2022 and 2021, the Company has 1,000,000,000 and 75,000,000 share authorized, 3,895,000 and 3,895,000 shares issued and outstanding, respectively. There are no shares of preferred stock issued and outstanding. |
ADDITIONAL PAID-IN CAPITAL - CA
ADDITIONAL PAID-IN CAPITAL - CAPITAL CONTRIBUTION | 12 Months Ended |
Aug. 31, 2022 | |
ADDITIONAL PAID-IN CAPITAL - CAPITAL CONTRIBUTION | |
10. ADDITIONAL PAID-IN CAPITAL - CAPITAL CONTRIBUTION | 10. ADDITIONAL PAID-IN CAPITAL – CAPITAL CONTRIBUTION As of August 31, 2022 and 2021, the Company has a total additional paid-in capital - capital contribution balance of $46,030 and $25,955 respectively. Such increase was due to the satisfaction of amount of $18,925 due to former shareholder in connection with July 8, 2022 change in control transaction and the satisfaction of amount of 1,150 due to current shareholder on August 31, 2022 |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Aug. 31, 2022 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Basis of Presentation | The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company’s fiscal year end is August 31. The Company’s financial statements are presented in U.S. dollars. |
Use of estimates | In preparing these financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the periods reported. Actual results may differ from these estimates. |
Cash and Cash Equivalents | The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. |
Property, plant and equipment | Property, plant and equipment are carried at cost less accumulated depreciation. Depreciation is provided over their estimated useful lives, using the straight-line method. Estimated useful lives of the property and equipment are as follows: Office equipment 3 years The cost of maintenance and repairs is charged to expenses as incurred, whereas significant renewals and betterments are capitalized. |
Intangible assets, net | Intangible assets with definite lives are stated at cost less accumulated amortization. Amortization is calculated on the straight-line basis over the following estimated useful lives: Website 3 years |
Revenue Recognition | The Company assesses and follows the guidance of ASC 606, revenue from contracts with customers is recognized using the following five steps: 1. Identify the contract(s) with a customer; 2. Identify the performance obligations in the contract; 3. Determine the transaction price; 4. Allocate the transaction price to the performance obligations in the contract; and 5. Recognize revenue when (or as) the entity satisfies a performance obligation. The Company had generated zero revenue during the year ended August 31, 2022. |
Income Taxes | The Company followed the liability method of accounting for income taxes in accordance with ASC 740, Income Taxes, or ASC 740. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Company recorded a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rate is recognized in tax expense in the period that includes the enactment date of the change in tax rate. The Company accounted for uncertainties in income taxes in accordance with ASC 740. Interest and penalties related to unrecognizable tax benefit recognized in accordance with ASC 740 are classified in the statements of comprehensive loss as income tax expense. |
Earnings per Share | The Company computes earnings per share (“EPS”) in accordance with ASC Topic 260, “Earnings per share”. Basic EPS is measured as the income or loss available to common shareholders divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., convertible securities, options, and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Any potential common shares in 2022 and 2021 that have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. |
Related party transaction | A related party is generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated. |
Recent Accounting Pronouncements | The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Table) | 12 Months Ended |
Aug. 31, 2022 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Schedule of Office equipment | Office equipment 3 years |
Schedule of Intangible Assets | Website 3 years |
PROPERTY, PLANT AND EQUIPMENT (
PROPERTY, PLANT AND EQUIPMENT (Table) | 12 Months Ended |
Aug. 31, 2022 | |
PROPERTY, PLANT AND EQUIPMENT | |
Schedule of Property, Plant And Equipment | As of August 31, 2022 2021 Office equipment $ 339 $ 339 Less: Accumulated depreciation (216 ) (104 ) Less: Depreciation for the year (94 ) (112 ) Total accumulated depreciation (310 ) (216 ) Less: Computer assigned to the former shareholder in connection with July 8, 2022 change in control transaction (29 ) - Property, plant and equipment, net $ - $ 123 |
INTANGIBLE ASSETS (Table)
INTANGIBLE ASSETS (Table) | 12 Months Ended |
Aug. 31, 2022 | |
INTANGIBLE ASSETS | |
Schedule of Intangible Assets | As of August 31, 2022 2021 Website $ 4,800 $ 4,800 Less: Accumulated amortization (2,933 ) (1,333 ) Less: Amortization for the year (1,333 ) (1,600 ) Total accumulated amortization (4,266 ) (2,933 ) Less: Website assigned to the former shareholder in connection with July 8, 2022 change in control transaction (534 ) - Intangible assets, net $ - $ 1,867 |
INCOME TAXES (Table)
INCOME TAXES (Table) | 12 Months Ended |
Aug. 31, 2022 | |
INCOME TAXES | |
Schedule of Income (loss) before income tax | For the year ended August 31, 2022 2021 Tax jurisdictions from: $ $ - United States (14,112 ) (29,503 ) Income (loss) before income tax $ (14,112 ) $ (29,503 ) |
Schedule of Income tax expense | For the year ended August 31, 2022 2021 Current: $ $ - United States - - Deferred: - United States - - Income tax expense $ - $ - |
Schedule of net deferred tax | As of August 31, 2022 2021 Deferred tax assets: $ $ Net operating loss carryforwards - United States of America (10,484) (6,195) Less: valuation allowance 10,484 6,195 Deferred tax assets $ - $ - |
ORGANIZATION AND BUSINESS (Deta
ORGANIZATION AND BUSINESS (Details Narrative) - USD ($) | 12 Months Ended | |
Aug. 31, 2022 | Aug. 31, 2021 | |
ORGANIZATION AND BUSINESS BACKGROUND | ||
Common share par value | $ 0.001 | $ 0.001 |
Entity Incorporation Date Of Incorporation | Sep. 20, 2018 | |
Receiving of common share | 3,000,000 | |
Voting rights | 77% | |
Consideration amount | $ 350,000 |
GOING CONCERN UNCERTAINTIES (De
GOING CONCERN UNCERTAINTIES (Details Narrative) - USD ($) | 12 Months Ended | |
Aug. 31, 2022 | Aug. 31, 2021 | |
GOING CONCERN UNCERTAINTIES | ||
Net loss | $ (14,112) | $ (29,503) |
Accumulated Deficit | $ (49,925) | $ (35,813) |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) | 12 Months Ended |
Aug. 31, 2022 | |
Office Equipment [Member] | |
Property, plant and equipment useful life | 3 years |
SUMMARY OF SIGNIFICANT ACCOUN_5
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) | 12 Months Ended |
Aug. 31, 2022 | |
Website [Member] | |
Intangible assets, net | 3 years |
PROPERTY, PLANT AND EQUIPMENT_2
PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) | Aug. 31, 2022 | Aug. 31, 2021 |
PROPERTY, PLANT AND EQUIPMENT | ||
Office equipment | $ 339 | $ 339 |
Less : Accumulated depreciation | (216) | (104) |
Less : Depreciation for the year | (94) | (112) |
Total accumulated depreciation | (310) | (216) |
Less: Computer assigned to the former shareholder in connection with July 8, 2022 change in control transaction | (29) | 0 |
Property, plant and equipment, net | $ 0 | $ 123 |
PROPERTY, PLANT AND EQUIPMENT_3
PROPERTY, PLANT AND EQUIPMENT (Details Narrative) - USD ($) | 12 Months Ended | |
Aug. 31, 2022 | Aug. 31, 2021 | |
PROPERTY, PLANT AND EQUIPMENT | ||
Depreciation expense | $ 94 | $ 112 |
INTANGIBLE ASSETS (Details)
INTANGIBLE ASSETS (Details) - USD ($) | Aug. 31, 2022 | Aug. 31, 2021 |
INTANGIBLE ASSETS | ||
Website | $ 4,800 | $ 4,800 |
Less: Accumulated amortization | (2,933) | (1,333) |
Less: Amortization for the year | (1,333) | (1,600) |
Total accumulated amortization | (4,266) | (2,933) |
Less: Website assigned to the former shareholder in connection with July 8, 2022 change in control transaction | (534) | 0 |
Intangible asset net | $ 0 | $ 1,867 |
INTANGIBLE ASSETS (Details Narr
INTANGIBLE ASSETS (Details Narrative) - USD ($) | 12 Months Ended | |
Aug. 31, 2022 | Aug. 31, 2021 | |
INTANGIBLE ASSETS | ||
Amortization expenses | $ 1,333 | $ 1,600 |
ACCOUNTS PAYABLE (Details Narra
ACCOUNTS PAYABLE (Details Narrative) - USD ($) | Aug. 31, 2022 | Aug. 31, 2021 |
ACCOUNTS PAYABLE (Details Narrative) | ||
Accounts payable | $ 0 | $ 1,525 |
LOANS FROM RELATED PARTY (Detai
LOANS FROM RELATED PARTY (Details Narrative) - USD ($) | Aug. 31, 2022 | Aug. 31, 2021 |
LOANS FROM RELATED PARTY (Details Narrative) | ||
Loans from related parties | $ 0 | $ 11,597 |
INCOME TAXES (Details)
INCOME TAXES (Details) - USD ($) | 12 Months Ended | |
Aug. 31, 2022 | Aug. 31, 2021 | |
INCOME TAXES | ||
Income (loss) before income tax | $ (14,112) | $ (29,503) |
Tax jurisdictions from Income (loss) before income tax | $ (14,112) | $ (29,503) |
INCOME TAXES (Details 1)
INCOME TAXES (Details 1) - USD ($) | 12 Months Ended | |
Aug. 31, 2022 | Aug. 31, 2021 | |
INCOME TAXES | ||
Income tax expense current | $ 0 | $ 0 |
Deferred income tax expense | 0 | 0 |
Income tax expense net | $ 0 | $ 0 |
INCOME TAXES (Details 2)
INCOME TAXES (Details 2) - USD ($) | Aug. 31, 2022 | Aug. 31, 2021 |
INCOME TAXES | ||
Net operating loss carryforwards united states of America | $ 10,484 | $ 6,195 |
Less: valuation allowance | 10,484 | 6,195 |
Deferred tax assets | $ 0 | $ 0 |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) | 12 Months Ended |
Aug. 31, 2022 USD ($) | |
INCOME TAXES | |
Net operating losses | $ 14,112 |
Valuation allowance of deferred tax assets | $ 0 |
Statutory tax rate | 21% |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - shares | Aug. 31, 2022 | Aug. 17, 2022 | Aug. 31, 2021 |
COMMON STOCK (Details Narrative) | |||
Common stock, Authorized shares | 1,000,000,000 | 1,000,000 | 75,000,000 |
Common stock issued | 3,895,000 | 3,895,000 | |
Common stock outstanding | 3,895,000 | 3,895,000 | |
Preferred stock, shares Issued | 0 | 0 | |
Preferred stock, shares outstanding | 0 | 0 |
ADDITIONAL PAID-IN CAPITAL - _2
ADDITIONAL PAID-IN CAPITAL - CAPITAL CONTRIBUTION (Details Narrative) - USD ($) | Aug. 31, 2022 | Jul. 08, 2022 | Aug. 31, 2021 |
ADDITIONAL PAID-IN CAPITAL - CAPITAL CONTRIBUTION (Details Narrative) | |||
Additional paid in capital | $ 46,030 | $ 25,955 | |
Former shareholder due amount | $ 1,150 | $ 18,925 |