Cover
Cover - shares | 9 Months Ended | |
Oct. 31, 2023 | Dec. 06, 2023 | |
Cover [Abstract] | ||
Entity Registrant Name | Starguide Group, Inc. | |
Entity Central Index Key | 0001803096 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Current Fiscal Year End Date | --01-31 | |
Entity Small Business | true | |
Entity Shell Company | false | |
Entity Emerging Growth Company | true | |
Entity Current Reporting Status | Yes | |
Document Period End Date | Oct. 31, 2023 | |
Entity Filer Category | Non-accelerated Filer | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2024 | |
Entity Ex Transition Period | false | |
Entity Common Stock Shares Outstanding | 2,868,000 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 333-237681 | |
Entity Incorporation State Country Code | NV | |
Entity Tax Identification Number | 61-1817627 | |
Entity Address Address Line 1 | 300 E 2nd St | |
Entity Address Address Line 2 | Ste 1510 PMB 5010 | |
Entity Address City Or Town | Reno | |
Entity Address State Or Province | NV | |
Entity Address Postal Zip Code | 89501 | |
City Area Code | 702 | |
Local Phone Number | 664-0097 | |
Entity Interactive Data Current | Yes |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) | Oct. 31, 2023 | Jan. 31, 2023 |
Current assets: | ||
Cash | $ 117 | $ 2,933 |
Total current assets | 117 | 2,933 |
Property and equipment, net | 72,950 | 83,202 |
Goodwill | 26,319 | 26,319 |
Total Assets | 99,386 | 112,454 |
Current liabilities: | ||
Accounts payable and accrued liabilities | 12,965 | 6,104 |
Accrued interest | 607 | 0 |
Due to related parties | 167,688 | 151,501 |
Convertible notes | 40,261 | 0 |
Total Liabilities | 221,521 | 157,605 |
Stockholders' Deficit: | ||
Common stock, $0.001 par value, 75,000,000 shares authorized; 2,868,000 shares issued and outstanding | 2,868 | 2,868 |
Additional paid-in capital | 35,839 | 35,839 |
Accumulated deficit | (150,730) | (78,327) |
Accumulated other comprehensive income (loss) | 661 | (175) |
Total deficit attributed to Starguide Group, Inc. | (111,362) | (39,795) |
Deficit attributed to non-controlling interest | (10,773) | (5,356) |
Total Stockholders' Deficit | (122,135) | (45,151) |
Total Liabilities and Stockholders' Deficit | $ 99,386 | $ 112,454 |
CONDENSED CONSOLIDATED BALANC_2
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Oct. 31, 2023 | Jan. 31, 2023 |
CONDENSED CONSOLIDATED BALANCE SHEETS | ||
Common Stock, Par Value | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Shares Issued | 2,868,000 | 2,868,000 |
Common Stock, Shares Outstanding | 2,868,000 | 2,868,000 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Oct. 31, 2023 | Oct. 31, 2022 | Oct. 31, 2023 | Oct. 31, 2022 | |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) | ||||
Revenue | $ 375 | $ 0 | $ 3,560 | $ 0 |
Operating expenses | ||||
General and administrative expenses | 14,730 | 6,173 | 68,717 | 19,917 |
Management salaries - related party | 12,000 | 0 | 13,152 | 0 |
Total operating expenses | 26,730 | 6,173 | 81,869 | 19,917 |
Loss from operations | (26,355) | (6,173) | (78,309) | (19,917) |
Other income (expense): | ||||
Other income | 135 | 0 | 539 | 0 |
Interest Expense | (607) | 0 | (607) | 0 |
Foreign exchange transaction gain (loss) | (103) | 0 | 348 | 0 |
Total other income (expense) | (575) | 0 | 280 | 0 |
Loss before income taxes | (26,930) | (6,173) | (78,029) | (19,917) |
Income tax provision | 0 | 0 | 0 | 0 |
Net Loss | (26,930) | (6,173) | (78,029) | (19,917) |
Less: Net loss attributable to non-controlling interest | (3,544) | 0 | (5,626) | 0 |
Net loss attributable to Starguide Group, Inc. | (23,386) | (6,173) | (72,403) | (19,917) |
Comprehensive loss | ||||
Net loss | (26,930) | (6,173) | (78,029) | (19,917) |
Foreign currency adjustment | 2,543 | 0 | 1,045 | 0 |
Total comprehensive loss | (24,387) | (6,173) | (76,984) | (19,917) |
Less: Comprehensive income attributable to noncontrolling interests | (509) | 0 | (209) | 0 |
Net comprehensive loss attributed to stockholders of Starguide Group, Inc. | $ (24,896) | $ (6,173) | $ (77,193) | $ (19,917) |
Basic and diluted net income per common share: | ||||
Net loss per common share | $ (0.01) | $ 0 | $ (0.03) | $ (0.01) |
Weighted average number of common shares outstanding | 2,868,000 | 2,868,000 | 2,868,000 | 2,868,000 |
CONDENSED CONSOLIDATED STATEM_2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS DEFICIT (Unaudited) - USD ($) | Total | Common Stock | Additional Paid-In Capital | Accumulated Deficit | Accumulated Other Comprehensive Loss | Sub Total | Noncontrolling Interest |
Balance, shares at Jan. 31, 2022 | 2,868,000 | ||||||
Balance, amount at Jan. 31, 2022 | $ (8,464) | $ 2,868 | $ 25,172 | $ (36,504) | $ 0 | $ (8,464) | $ 0 |
Loan forgiveness by related party | 10,667 | 0 | 10,667 | 0 | 0 | 10,667 | 0 |
Net loss | (4,854) | $ 0 | 0 | (4,854) | 0 | (4,854) | 0 |
Balance, shares at Apr. 30, 2022 | 2,868,000 | ||||||
Balance, amount at Apr. 30, 2022 | (2,651) | $ 2,868 | 35,839 | (41,358) | 0 | (2,651) | 0 |
Balance, shares at Jan. 31, 2022 | 2,868,000 | ||||||
Balance, amount at Jan. 31, 2022 | (8,464) | $ 2,868 | 25,172 | (36,504) | 0 | (8,464) | 0 |
Net loss | (19,917) | ||||||
Balance, shares at Oct. 31, 2022 | 2,868,000 | ||||||
Balance, amount at Oct. 31, 2022 | (17,714) | $ 2,868 | 35,839 | (56,421) | 0 | (17,714) | 0 |
Balance, shares at Apr. 30, 2022 | 2,868,000 | ||||||
Balance, amount at Apr. 30, 2022 | (2,651) | $ 2,868 | 35,839 | (41,358) | 0 | (2,651) | 0 |
Net loss | (8,890) | $ 0 | 0 | (8,890) | 0 | (8,890) | 0 |
Balance, shares at Jul. 31, 2022 | 2,868,000 | ||||||
Balance, amount at Jul. 31, 2022 | (11,541) | $ 2,868 | 35,839 | (50,248) | 0 | (11,541) | 0 |
Net loss | (6,173) | $ 0 | 0 | (6,173) | 0 | (6,173) | 0 |
Balance, shares at Oct. 31, 2022 | 2,868,000 | ||||||
Balance, amount at Oct. 31, 2022 | (17,714) | $ 2,868 | 35,839 | (56,421) | 0 | (17,714) | 0 |
Balance, shares at Jan. 31, 2023 | 2,868,000 | ||||||
Balance, amount at Jan. 31, 2023 | (45,151) | $ 2,868 | 35,839 | (78,327) | (175) | (39,795) | (5,356) |
Net loss | (18,582) | 0 | 0 | (17,337) | 0 | (17,337) | (1,245) |
Foreign currency translation adjustments | (663) | $ 0 | 0 | 0 | (530) | (530) | (133) |
Balance, shares at Apr. 30, 2023 | 2,868,000 | ||||||
Balance, amount at Apr. 30, 2023 | (64,396) | $ 2,868 | 35,839 | (95,664) | (705) | (57,662) | (6,734) |
Balance, shares at Jan. 31, 2023 | 2,868,000 | ||||||
Balance, amount at Jan. 31, 2023 | (45,151) | $ 2,868 | 35,839 | (78,327) | (175) | (39,795) | (5,356) |
Net loss | (78,029) | ||||||
Balance, shares at Oct. 31, 2023 | 2,868,000 | ||||||
Balance, amount at Oct. 31, 2023 | (122,135) | $ 2,868 | 35,839 | (150,730) | 661 | (111,362) | (10,773) |
Balance, shares at Apr. 30, 2023 | 2,868,000 | ||||||
Balance, amount at Apr. 30, 2023 | (64,396) | $ 2,868 | 35,839 | (95,664) | (705) | (57,662) | (6,734) |
Net loss | (32,517) | 0 | 0 | (31,680) | 0 | (31,680) | (837) |
Foreign currency translation adjustments | (836) | $ 0 | 0 | 0 | (669) | (669) | (167) |
Balance, shares at Jul. 31, 2023 | 2,868,000 | ||||||
Balance, amount at Jul. 31, 2023 | (97,749) | $ 2,868 | 35,839 | (127,344) | (1,374) | (90,011) | (7,738) |
Net loss | (26,930) | 0 | 0 | (23,386) | 0 | (23,386) | (3,544) |
Foreign currency translation adjustments | 2,544 | $ 0 | 0 | 0 | 2,035 | 2,035 | 509 |
Balance, shares at Oct. 31, 2023 | 2,868,000 | ||||||
Balance, amount at Oct. 31, 2023 | $ (122,135) | $ 2,868 | $ 35,839 | $ (150,730) | $ 661 | $ (111,362) | $ (10,773) |
CONDENSED CONSOLIDATED STATEM_3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 9 Months Ended | |
Oct. 31, 2023 | Oct. 31, 2022 | |
Cash Flows from Operating Activities | ||
Net loss | $ (78,029) | $ (19,917) |
Adjustments to reconcile net income to net cash used in operating activities: | ||
Depreciation | 9,294 | 200 |
Changes in operating assets and liabilities: | ||
Accounts payable and accrued liabilities | 6,885 | 267 |
Accrued interest | 607 | 0 |
Management salary payable | 8,000 | 0 |
Net cash used in operating activities | (53,243) | (19,450) |
Cash Flows from Financing Activities | ||
Proceeds from issuance of convertible notes to non-affiliate | 40,261 | 0 |
Proceeds from related parties | 10,390 | 17,645 |
Net cash provided by financing activities | 50,651 | 17,645 |
Effect of exchange rate changes on cash | (224) | 0 |
Net change in cash and cash equivalents | (2,816) | (1,805) |
Cash and cash equivalents - beginning of period | 2,933 | 1,805 |
Cash and cash equivalents - end of period | 117 | 0 |
Supplemental cash flow disclosures: | ||
Cash paid for interest | 0 | 0 |
Cash paid for income taxes | 0 | 0 |
Non-cash investing and financing activity: | ||
Debt forgiven by related party | $ 0 | $ 10,667 |
ORGANIZATION AND DESCRIPTION OF
ORGANIZATION AND DESCRIPTION OF BUSINESS | 9 Months Ended |
Oct. 31, 2023 | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Starguide Group, Inc. was incorporated in the State of Nevada on February 21, 2017 and established a fiscal year end of January 31. We are still in the development stage and as of today we have no revenues, have minimal assets and have incurred losses since inception. We were formed to engage in the distribution of Indian traditional art and crafts from India to individuals and wholesalers around the world. As of today, we have not identified any party to sell our products. Initially, our sole officer and director, Vicky Sharma will market our products. We intend to hire salespersons with good knowledge and connections in our market. The salesperson’s job would be to find potential customers, and to set up agreements with them. We intend to focus on direct marketing efforts whereby our representative will directly contact. We plan to advertise our service and products on different websites and social networks using context ad. We plan to use internet catalogs and use many online marketing tools to direct traffic to our website and identify potential customers. In addition, we are going to issue monthly printed catalog and send it to our clients. On May 16, 2022, Vicky Sharma, the previous majority shareholder of the Company, entered into a stock purchase agreement for the sale of 2,000,000 shares of Common Stock of the Company to Northeast International Holdings Limited. As a result of the acquisition, Northeast International Holdings Limited holds approximately 68% of the issued and outstanding shares of Common Stock of the Company, and as such it is able to unilaterally control the election of our board of directors, all matters upon which shareholder approval is required and, ultimately, the direction of our Company. Also on May 16, 2022, the previous sole officer and director of the company, Vicky Sharma, resigned his positions with the Company. Upon such resignations, Lu Mei Xian was appointed as Chief Executive Officer, Treasurer and Secretary, and sole Director of the Company. The Company intends to be an incubator of Software as a Service (Saas) startups and is in active discussions with multiple SaaS businesses. The Company’s goal is to identify and locate SaaS businesses with the potential to grow, and to bring them under the Starguide corporate umbrella. On December 8, 2022, the Company acquired 80% shares in Live Investments Holdings, a corporation organized in Great Britain located in London, in exchange for sixteen thousand dollars ($16,000) on closing. Live Investments Holdings Ltd. owns 100% of Live Lead Tech Ltd, a cloud-based lead generation software corporation organized in Great Britain located in London. As a result of the acquisition of a majority of the issued and outstanding shares of Live Investments Holdings Ltd, the Company have now assumed Live Investments Holdings Ltd’s business operations as a majority-owned subsidiary and on a consolidated basis. |
GOING CONCERN UNCERTAINTY
GOING CONCERN UNCERTAINTY | 9 Months Ended |
Oct. 31, 2023 | |
GOING CONCERN UNCERTAINTY | |
GOING CONCERN UNCERTAINTY | NOTE 2 – GOING CONCERN UNCERTAINTY As reflected in the accompanying consolidated financial statements, the Company’s current liabilities exceeded its current assets by $221,404, has an accumulated deficit of $150,730 and shareholders’ deficit of $122,135 as of October 31, 2023. For the period ended October 31, 2023, the Company suffered a net loss of $78,029 and negative operating cash flow of $53,243. These factors among others raise substantial doubt about our ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent on its ability to raise additional capital and implement its business plan. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management believes that the current actions to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern. There are no assurances that additional funds will be available when needed from any source or, if available, will be available on terms that are acceptable to us. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Oct. 31, 2023 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the nine months ended October 31, 2023 are not necessarily indicative of the results that may be expected for the year ending January 31, 2024. Notes to the unaudited condensed interim consolidated financial statements that would substantially duplicate the disclosures contained in the audited financial statements for fiscal year 2023 have been omitted. This report should be read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended January 31, 2023 included in the Company’s Form 10-K as filed with the Securities and Exchange Commission on May 15, 2023. Basis of Consolidation These consolidated financial statements include the accounts of the Company and its 80% owned subsidiaries of Live Investments Holdings Ltd. which owns 100% of Live Lead Tech Ltd. All material intercompany balances and transactions have been eliminated. Foreign Currency Translations The Company’s functional and reporting currency is the U.S. dollar. The functional currency of Live Investments Holdings Ltd. and Live Lead Tech Ltd. is the Great British Pounds (GBP). All transactions initiated GBP are translated into U.S. dollars in accordance with ASC 830-30, ” 1) Monetary assets and liabilities at the rate of exchange in effect at the balance sheet date. 2) Equity at historical rates. 3) Revenue and expense items at the average rate of exchange prevailing during the period. Adjustments arising from such translations are deferred until realization and are included as a separate component of stockholders’ equity as a component of comprehensive income or loss. Therefore, translation adjustments are not included in determining net income (loss) but reported as other comprehensive income. Gains and losses from foreign currency transactions are included in earnings in the period of settlement. Nine Months Ended Nine Months Ended October 31, October 31, 2023 2022 Spot GBP: USD exchange rate 1.2145 n/a Average GBP: USD exchange rate 1.2439 n/a Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Business Combinations In accordance with ASC 805-10, “ Business Combinations Cash and Cash Equivalents Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had cash of $117 and $2,933 as of October 31, 2023 and January 31, 2023. Reclassification Certain amounts from prior period have been reclassified to conform to the current period presentation. These reclassifications had no impact on reported operating and net loss. Related Parties We follow ASC 850, “Related Party Disclosures”, Fair Value of Financial Instruments The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures,” which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including accounts payable and accrued liabilities. are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. The carrying amounts of our short and long term credit obligations approximate fair value because the effective yields on these obligations, which include contractual interest rates taken together with other features such as concurrent issuances of warrants and/or embedded conversion options, are comparable to rates of returns for instruments of similar credit risk. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 - quoted prices in active markets for identical assets or liabilities Level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 - inputs that are unobservable (for example cash flow modeling inputs based on assumptions) Revenue Recognition The Company recognizes revenue in accordance with ASC 606,” Revenue Recognition 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 The Company’s revenue derives from marketing, subscription fees and one-time license keys. During the nine months ended October 31, 2023 and 2022, the Company recognized revenue of $3,560 and $0, respectively. Property, Plant and Equipment Property and equipment are stated at cost. Depreciation is computed using the straight-line method. The depreciation and amortization methods are designed to amortize the cost of the assets over their estimated useful lives, in years, of the respective assets as follows: Office Equipment 3 years Computer Equipment 5 years Computer Software 7 years Maintenance and repairs are charged to expense as incurred. Improvements of a major nature are capitalized. At the time of retirement or other disposition of property and equipment, the cost and accumulated depreciation are removed from the accounts and any gains or losses are reflected in income. The long-lived assets of the Company are reviewed for impairment in accordance with ASC 360, “Property, Plant and Equipment,” whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. During the nine months ended October 31, 2023 and 2022, no impairment losses have been identified. Impairment of tangible and intangible assets Tangible and intangible assets (excluding goodwill) are assessed at each reporting date for indications that an asset may be impaired. If any such indication exists, or when annual impairment testing for an asset is required, the Company makes an estimate of the asset’s recoverable amount. The asset’s recoverable amount is the higher of an asset’s or cash-generating unit’s fair value less costs of disposal and its value in use and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. Where the carrying amount of an asset or a group of assets exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or the group of assets. Goodwill We allocate goodwill to reporting units based on the reporting unit expected to benefit from the business combination. We evaluate our reporting units on an annual basis and, if necessary, reassign goodwill using a relative fair value allocation approach. Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. These events or circumstances could include a significant change in the business climate, legal factors, operating performance indicators, competition, or sale or disposition of a significant portion of a reporting unit. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit. The fair value of each reporting unit is estimated primarily through the use of a discounted cash flow methodology. This analysis requires significant judgments, including estimation of future cash flows, which is dependent on internal forecasts, estimation of the long-term rate of growth for our business, estimation of the useful life over which cash flows will occur, and determination of our weighted average cost of capital. The estimates used to calculate the fair value of a reporting unit change from year to year based on operating results, market conditions, and other factors. Changes in these estimates and assumptions could materially affect the determination of fair value and goodwill impairment for each reporting unit. On December 8, 2022, the Company acquired 80% shares in Live Investments Holdings, which generated goodwill of $26,319. The Company has accounted for the transaction in accordance with ASC 805 “Business Combination.” Based on the Company’s analysis of goodwill as of October 31, 2023, no indicators of impairment exist. No impairment loss on goodwill was recognized for the nine months ended October 31, 2023. Net Income (Loss) per Share The Company computes basic and diluted net loss per share amounts in accordance with ASC Topic 260, “Earnings per Share.” Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding during the reporting period. Diluted loss per share reflects the potential dilution that could occur if convertible notes to issue common stock were converted resulting in the issuance of common stock that could share in the loss of the Company. As of October 31, 2023 and October 31, 2022, convertible notes were dilutive instruments and were not included in the calculation of diluted loss per share as their effect would be antidilutive: October 31, October 31, 2023 2022 (Shares) (Shares) Convertible note payable 402,610 - As of October 31, 2023 and October 31, 2022, the total convertible shares from convertible notes totaling $40,261 and $0 issued to an unaffiliated party from July 31, 2023 through October 31, 2023 with conversion rate of $0.10 per shares was 402,610 shares and 0 shares. (Note 8) Lease The Company entered into an office lease agreement in Great Britain for an one-year term starting from December 2022 and expired in November 2023. In accordance with ASC 842, “ Leases, The office lease meets the definition of a short-term lease because the lease term is 12 months or less without an automatic extension clause. Consequently, consistent with Company’s accounting policy election, the Company does not recognize the right-of-use asset and the lease liability arising from this lease. Recently Issued Accounting Pronouncements Convertible note In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20 “Debt-Debt with “Conversion and Other Options” and ASC subtopic 815-40 “Hedging-Contracts in Entity’s Own Equity”. The standard reduced the number of accounting models for convertible debt instruments and convertible preferred stock. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting; and, (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. ASU2020-06 removes from U.S. GAAP the separation models for (1) convertible debt with a cash conversion feature (“CCF”) and (2) convertible instruments with a beneficial conversion feature (“BCF”). With the adoption of ASU2020-06, entities will not separately present in equity an embedded conversion feature these debts. The amendments in this update are effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company has chosen to early adopt this standard on its year ended April 30, 2022 financial statements and did not record BCF on the issuance of convertible notes with conversion rate below the Company’s market stock price on the date of note issuance. Credit losses In June 2016, the FASB issued Accounting Standards Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which introduced the expected credit losses methodology for the measurement of credit losses on financial assets measured at amortized cost basis, replacing the previous incurred loss methodology. In November 2019, the FASB issued ASU 2019-10 highlighted the adoption timeline. For smaller reporting entities, Topic 326 is effective for annual periods beginning after December 15, 2022, including interim periods within those fiscal years, of which is effective for the Company on April 1, 2023. The adoption of this standard did not have a material impact on the Company's financial statements. |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 9 Months Ended |
Oct. 31, 2023 | |
PROPERTY AND EQUIPMENT | |
PROPERTY AND EQUIPMENT | NOTE 4 – PROPERTY AND EQUIPMENT As of October 31, 2023 and January 31, 2023, the property and equipment consisted of the following: Cost Office Equipment Computer Equipment Computer Software Total January 31, 2022 $ 800 $ - $ - $ 800 Additions - 2,800 80,774 83,574 January 31, 2023 $ 800 $ 2,800 $ 80,774 $ 84,374 Additions - - - - Foreign Exchange Adjustment - (39 ) (1,143 ) (1,182 ) October 31, 2023 $ 800 $ 2,761 $ 79,631 $ 83,192 Accumulated Depreciation Office Equipment Computer Equipment Computer Software Total January 31, 2022 $ 402 $ - $ - $ 402 Additions 267 219 284 770 January 31, 2023 $ 669 $ 219 $ 284 $ 1,172 Additions 131 424 8,739 9,294 Foreign Exchange Adjustment - (13 ) (210 ) (222 ) October 31, 2023 $ 800 $ 630 $ 8,813 $ 10,244 Net book value Office Equipment Computer Equipment Computer Software Total January 31, 2022 $ 398 $ - $ - $ 398 January 31, 2023 $ 131 $ 2,581 $ 80,490 $ 83,202 October 31, 2023 $ - $ 2,131 $ 70,819 $ 72,950 Depreciation expense for the nine months ended October 31, 2023 and 2022 amounted to $9,294 and $200, respectively. |
ACCOUNTS PAYABLE AND ACCRUED LI
ACCOUNTS PAYABLE AND ACCRUED LIABILITES | 9 Months Ended |
Oct. 31, 2023 | |
ACCOUNTS PAYABLE AND ACCRUED LIABILITES | |
ACCOUNTS PAYABLE AND ACCRUED LIABILITES | NOTE 5 – ACCOUNTS PAYABLE AND ACCRUED LIABILITES Accounts payable and accrued liabilities at October 31, 2023 and January 31, 2023 consisted of the following: October 31, 2023 January 31, 2023 Trade payable $ 9,983 $ 3,122 Due to former director 2,982 2,982 $ 12,965 $ 6,104 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Oct. 31, 2023 | |
RELATED PARTY TRANSACTIONS | |
RELATED PARTY TRANSACTIONS | NOTE 6 – RELATED PARTY TRANSACTIONS In support of the Company’s efforts and cash requirements, the Company has been relying on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. These loans are due on demand and non-interest bearing. During the nine months ended October 31, 2023 and 2022, the former director of the Company, who resigned on May 16, 2022, advanced $0 and $2,982 to the Company to support business operation costs, respectively. In pursuant to the loan waiver agreement entered on February 7, 2022, loan amount of $10,667 was forgiven during the three months ended April 30, 2022. As of October 31, 2023 and January 31, 2023, the amount due to the former director was $2,982. During the nine months ended October 31, 2023, Northeast International Holdings Limited, majority shareholder of the Company upon the change of control on May 16, 2022, advanced $10,300 to the Company to support operating cost. As of October 31, 2023 and January 31, 2023, the amount due to the majority shareholder of the Company was $152,764 and $144,336, respectively. During the nine months ended October 31, 2023, the Company incurred net management salary of $13,152 from February to October 2023 of $17,152, offset by reversal of over-accrued amount of $4,000 during the year ended January 31, 2023. As of October 31, 2023 and January 31, 2023, the amount due to the director of Live Investments Holding Ltd. was $14,924 and $7,165, respectively. As of October 31, 2023 and January 31, 2023, the total amount due to related parties was $167,688 and $151,501, respectively. |
EQUITY
EQUITY | 9 Months Ended |
Oct. 31, 2023 | |
EQUITY | |
EQUITY | NOTE 7 – EQUITY Authorized Stock The Company’s authorized common stock consists of 75,000,000 shares at $0.001 par value. Common Stock As of October 31, 2023 and January 31, 2023, the issued and outstanding common stock was 2,868,000 shares. |
CONVERTIBLE NOTES
CONVERTIBLE NOTES | 9 Months Ended |
Oct. 31, 2023 | |
CONVERTIBLE NOTES | |
CONVERTIBLE NOTES | NOTE 8 – CONVERTIBLE NOTES On July 31, 2023, the Company issued a convertible note to a non-affiliate of $31,661 for payment of the Company’s three months ended July 31, 2023 operating expenses on behalf of the Company. The convertible note is due on demand, bears interest at 7.5% per annum and is convertible at $0.10 per share. On October 31, 2023, the Company issued a convertible note to a non-affiliate of $8,600 for payment of the Company’s three months ended October 31, 2023 operating expenses on behalf of the Company. The convertible note is due on demand, bears interest at 7.5% per annum and is convertible at $0.10 per share. During the nine months ended October 31, 2023, the note interest was $607. As of October 31, 2023 and January 31, 2023, the convertible note was $40,261 and $0, respectively. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Oct. 31, 2023 | |
SUBSEQUENT EVENTS | |
SUBSEQUENT EVENTS | NOTE 9 – SUBSEQUENT EVENTS In accordance with ASC 855, “Subsequent Events,” the Company has analyzed its operations subsequent to October 31, 2023 to the date these financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Oct. 31, 2023 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Basis Of Presentation | The accompanying unaudited condensed interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the nine months ended October 31, 2023 are not necessarily indicative of the results that may be expected for the year ending January 31, 2024. Notes to the unaudited condensed interim consolidated financial statements that would substantially duplicate the disclosures contained in the audited financial statements for fiscal year 2023 have been omitted. This report should be read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended January 31, 2023 included in the Company’s Form 10-K as filed with the Securities and Exchange Commission on May 15, 2023. |
Basis of Consolidation | These consolidated financial statements include the accounts of the Company and its 80% owned subsidiaries of Live Investments Holdings Ltd. which owns 100% of Live Lead Tech Ltd. All material intercompany balances and transactions have been eliminated. |
Foreign Currency Translations | The Company’s functional and reporting currency is the U.S. dollar. The functional currency of Live Investments Holdings Ltd. and Live Lead Tech Ltd. is the Great British Pounds (GBP). All transactions initiated GBP are translated into U.S. dollars in accordance with ASC 830-30, ” 1) Monetary assets and liabilities at the rate of exchange in effect at the balance sheet date. 2) Equity at historical rates. 3) Revenue and expense items at the average rate of exchange prevailing during the period. Adjustments arising from such translations are deferred until realization and are included as a separate component of stockholders’ equity as a component of comprehensive income or loss. Therefore, translation adjustments are not included in determining net income (loss) but reported as other comprehensive income. Gains and losses from foreign currency transactions are included in earnings in the period of settlement. Nine Months Ended Nine Months Ended October 31, October 31, 2023 2022 Spot GBP: USD exchange rate 1.2145 n/a Average GBP: USD exchange rate 1.2439 n/a |
Use Of Estimates | The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Business Combinations | In accordance with ASC 805-10, “ Business Combinations |
Cash and Cash Equivalents | Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had cash of $117 and $2,933 as of October 31, 2023 and January 31, 2023. |
Reclassification | Certain amounts from prior period have been reclassified to conform to the current period presentation. These reclassifications had no impact on reported operating and net loss. |
Related Parties | We follow ASC 850, “Related Party Disclosures”, |
Fair Value Of Financial Instruments | The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures,” which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including accounts payable and accrued liabilities. are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. The carrying amounts of our short and long term credit obligations approximate fair value because the effective yields on these obligations, which include contractual interest rates taken together with other features such as concurrent issuances of warrants and/or embedded conversion options, are comparable to rates of returns for instruments of similar credit risk. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 - quoted prices in active markets for identical assets or liabilities Level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 - inputs that are unobservable (for example cash flow modeling inputs based on assumptions) |
Revenue Recognition | The Company recognizes revenue in accordance with ASC 606,” Revenue Recognition 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 The Company’s revenue derives from marketing, subscription fees and one-time license keys. During the nine months ended October 31, 2023 and 2022, the Company recognized revenue of $3,560 and $0, respectively. |
Property, Plant and Equipment | Property and equipment are stated at cost. Depreciation is computed using the straight-line method. The depreciation and amortization methods are designed to amortize the cost of the assets over their estimated useful lives, in years, of the respective assets as follows: Office Equipment 3 years Computer Equipment 5 years Computer Software 7 years Maintenance and repairs are charged to expense as incurred. Improvements of a major nature are capitalized. At the time of retirement or other disposition of property and equipment, the cost and accumulated depreciation are removed from the accounts and any gains or losses are reflected in income. The long-lived assets of the Company are reviewed for impairment in accordance with ASC 360, “Property, Plant and Equipment,” whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. During the nine months ended October 31, 2023 and 2022, no impairment losses have been identified. |
Impairment of tangible and intangible assets | Tangible and intangible assets (excluding goodwill) are assessed at each reporting date for indications that an asset may be impaired. If any such indication exists, or when annual impairment testing for an asset is required, the Company makes an estimate of the asset’s recoverable amount. The asset’s recoverable amount is the higher of an asset’s or cash-generating unit’s fair value less costs of disposal and its value in use and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. Where the carrying amount of an asset or a group of assets exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or the group of assets. |
Goodwill | We allocate goodwill to reporting units based on the reporting unit expected to benefit from the business combination. We evaluate our reporting units on an annual basis and, if necessary, reassign goodwill using a relative fair value allocation approach. Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. These events or circumstances could include a significant change in the business climate, legal factors, operating performance indicators, competition, or sale or disposition of a significant portion of a reporting unit. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit. The fair value of each reporting unit is estimated primarily through the use of a discounted cash flow methodology. This analysis requires significant judgments, including estimation of future cash flows, which is dependent on internal forecasts, estimation of the long-term rate of growth for our business, estimation of the useful life over which cash flows will occur, and determination of our weighted average cost of capital. The estimates used to calculate the fair value of a reporting unit change from year to year based on operating results, market conditions, and other factors. Changes in these estimates and assumptions could materially affect the determination of fair value and goodwill impairment for each reporting unit. On December 8, 2022, the Company acquired 80% shares in Live Investments Holdings, which generated goodwill of $26,319. The Company has accounted for the transaction in accordance with ASC 805 “Business Combination.” Based on the Company’s analysis of goodwill as of October 31, 2023, no indicators of impairment exist. No impairment loss on goodwill was recognized for the nine months ended October 31, 2023. |
Net Income (Loss) per Share | The Company computes basic and diluted net loss per share amounts in accordance with ASC Topic 260, “Earnings per Share.” Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding during the reporting period. Diluted loss per share reflects the potential dilution that could occur if convertible notes to issue common stock were converted resulting in the issuance of common stock that could share in the loss of the Company. As of October 31, 2023 and October 31, 2022, convertible notes were dilutive instruments and were not included in the calculation of diluted loss per share as their effect would be antidilutive: October 31, October 31, 2023 2022 (Shares) (Shares) Convertible note payable 402,610 - As of October 31, 2023 and October 31, 2022, the total convertible shares from convertible notes totaling $40,261 and $0 issued to an unaffiliated party from July 31, 2023 through October 31, 2023 with conversion rate of $0.10 per shares was 402,610 shares and 0 shares. (Note 8) |
Lease | The Company entered into an office lease agreement in Great Britain for an one-year term starting from December 2022 and expired in November 2023. In accordance with ASC 842, “ Leases, The office lease meets the definition of a short-term lease because the lease term is 12 months or less without an automatic extension clause. Consequently, consistent with Company’s accounting policy election, the Company does not recognize the right-of-use asset and the lease liability arising from this lease. |
Convertible note | In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20 “Debt-Debt with “Conversion and Other Options” and ASC subtopic 815-40 “Hedging-Contracts in Entity’s Own Equity”. The standard reduced the number of accounting models for convertible debt instruments and convertible preferred stock. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting; and, (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. ASU2020-06 removes from U.S. GAAP the separation models for (1) convertible debt with a cash conversion feature (“CCF”) and (2) convertible instruments with a beneficial conversion feature (“BCF”). With the adoption of ASU2020-06, entities will not separately present in equity an embedded conversion feature these debts. The amendments in this update are effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company has chosen to early adopt this standard on its year ended April 30, 2022 financial statements and did not record BCF on the issuance of convertible notes with conversion rate below the Company’s market stock price on the date of note issuance. |
Credit losses | In June 2016, the FASB issued Accounting Standards Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which introduced the expected credit losses methodology for the measurement of credit losses on financial assets measured at amortized cost basis, replacing the previous incurred loss methodology. In November 2019, the FASB issued ASU 2019-10 highlighted the adoption timeline. For smaller reporting entities, Topic 326 is effective for annual periods beginning after December 15, 2022, including interim periods within those fiscal years, of which is effective for the Company on April 1, 2023. The adoption of this standard did not have a material impact on the Company's financial statements. |
Recently Issued Accounting Pronouncements | Management has considered all recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended |
Oct. 31, 2023 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Summary Of foreign currency transactions | Nine Months Ended Nine Months Ended October 31, October 31, 2023 2022 Spot GBP: USD exchange rate 1.2145 n/a Average GBP: USD exchange rate 1.2439 n/a |
Summary Of property, plant and equipment useful life | Office Equipment 3 years Computer Equipment 5 years Computer Software 7 years |
Summary of antidilutive securities | October 31, October 31, 2023 2022 (Shares) (Shares) Convertible note payable 402,610 - |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 9 Months Ended |
Oct. 31, 2023 | |
PROPERTY AND EQUIPMENT | |
Schedule Of Property And Equipment | Cost Office Equipment Computer Equipment Computer Software Total January 31, 2022 $ 800 $ - $ - $ 800 Additions - 2,800 80,774 83,574 January 31, 2023 $ 800 $ 2,800 $ 80,774 $ 84,374 Additions - - - - Foreign Exchange Adjustment - (39 ) (1,143 ) (1,182 ) October 31, 2023 $ 800 $ 2,761 $ 79,631 $ 83,192 Accumulated Depreciation Office Equipment Computer Equipment Computer Software Total January 31, 2022 $ 402 $ - $ - $ 402 Additions 267 219 284 770 January 31, 2023 $ 669 $ 219 $ 284 $ 1,172 Additions 131 424 8,739 9,294 Foreign Exchange Adjustment - (13 ) (210 ) (222 ) October 31, 2023 $ 800 $ 630 $ 8,813 $ 10,244 Net book value Office Equipment Computer Equipment Computer Software Total January 31, 2022 $ 398 $ - $ - $ 398 January 31, 2023 $ 131 $ 2,581 $ 80,490 $ 83,202 October 31, 2023 $ - $ 2,131 $ 70,819 $ 72,950 |
ACCOUNTS PAYABLE AND ACCRUED _2
ACCOUNTS PAYABLE AND ACCRUED LIABILITES (Tables) | 9 Months Ended |
Oct. 31, 2023 | |
ACCOUNTS PAYABLE AND ACCRUED LIABILITES | |
Schedule Of Accounts Payable And Accrued Liabilites | October 31, 2023 January 31, 2023 Trade payable $ 9,983 $ 3,122 Due to former director 2,982 2,982 $ 12,965 $ 6,104 |
ORGANIZATION AND DESCRIPTION _2
ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) - USD ($) | 1 Months Ended | |
Dec. 08, 2022 | May 16, 2022 | |
Sale of common stock shares | 2,000,000 | |
Live Investments Holdings [Member] | ||
Acquisition percentage of issued and outstanding shares of common stock | 80% | |
Exchange price | $ 16,000 | |
Equity ownership percentage | 100% | |
Northeast International Holdings Limited [Member] | ||
Acquisition percentage of issued and outstanding shares of common stock | 68% |
GOING CONCERN UNCERTAINTY (Deta
GOING CONCERN UNCERTAINTY (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||||||||
Oct. 31, 2023 | Oct. 31, 2022 | Oct. 31, 2023 | Oct. 31, 2022 | Jul. 31, 2023 | Apr. 30, 2023 | Jan. 31, 2023 | Jul. 31, 2022 | Apr. 30, 2022 | Jan. 31, 2022 | |
GOING CONCERN UNCERTAINTY | ||||||||||
Accumulated Deficit | $ (150,730) | $ (150,730) | ||||||||
Current liabilities exceeded current assets | (221,404) | (221,404) | ||||||||
Shareholders' deficit | (122,135) | $ (17,714) | (122,135) | $ (17,714) | $ (97,749) | $ (64,396) | $ (45,151) | $ (11,541) | $ (2,651) | $ (8,464) |
Operating cash flow | (53,243) | (19,450) | ||||||||
Net loss | $ (26,930) | $ (6,173) | $ (78,029) | $ (19,917) |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - $ / shares | 9 Months Ended | |
Oct. 31, 2023 | Oct. 31, 2022 | |
Spot GBP USD Exchange Rate [Member] | ||
Exchange rate | $ 1.2145 | $ 0 |
Average GBP USD Exchange Rate [Member] | ||
Exchange rate | $ 1.2439 | $ 0 |
SUMMARY OF SIGNIFICANT ACCOUN_5
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) | 9 Months Ended |
Oct. 31, 2023 | |
Office Equipment [Member] | |
Estimated useful lives of assets | 3 years |
Computer Equipment [Member] | |
Estimated useful lives of assets | 5 years |
Computer Software [Member] | |
Estimated useful lives of assets | 7 years |
SUMMARY OF SIGNIFICANT ACCOUN_6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - shares | Oct. 31, 2023 | Oct. 31, 2022 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||
Convertible notes | 402,610 | 0 |
SUMMARY OF SIGNIFICANT ACCOUN_7
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Oct. 31, 2023 | Oct. 31, 2022 | Oct. 31, 2023 | Oct. 31, 2022 | Jan. 31, 2023 | Dec. 08, 2022 | |
Revenue | $ 375 | $ 0 | $ 3,560 | $ 0 | ||
Goodwill | 26,319 | 26,319 | $ 26,319 | $ 26,319 | ||
Convertible notes payable | $ 40,261 | $ 0 | $ 40,261 | $ 0 | $ 0 | |
Conversion rate | $ 0.10 | $ 0.10 | ||||
Convertible notes | 402,610 | 0 | 402,610 | 0 | ||
Live Investments Holdings Ltd [Member] | ||||||
Ownership percentage | 80% | |||||
Live Lead Tech Ltd [Member] | ||||||
Ownership percentage | 100% |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details) - USD ($) | 9 Months Ended | 12 Months Ended |
Oct. 31, 2023 | Jan. 31, 2023 | |
Office Equipment [Member] | ||
Additions | $ 0 | $ 0 |
Foreign Exchange Adjustment | 0 | |
Property and equipment, beginning | 800 | 800 |
Property and equipment, ending | 800 | 800 |
Computer Equipment [Member] | ||
Additions | 0 | 2,800 |
Foreign Exchange Adjustment | (39) | |
Property and equipment, beginning | 2,800 | 0 |
Property and equipment, ending | 2,761 | 2,800 |
Computer Software [Member] | ||
Additions | 0 | 80,774 |
Foreign Exchange Adjustment | (1,143) | |
Property and equipment, beginning | 80,774 | 0 |
Property and equipment, ending | 79,631 | 80,774 |
Property and equipment [Member] | ||
Additions | 0 | 83,574 |
Foreign Exchange Adjustment | (1,182) | |
Property and equipment, beginning | 84,374 | 800 |
Property and equipment, ending | 83,192 | 84,374 |
Computer Software One [Member] | ||
Accumulated depreciation, beginning | 284 | 0 |
Additions | 8,739 | 284 |
Foreign Exchange Adjustment | (210) | |
Accumulated depreciation, ending | 8,813 | 284 |
Office Equipment One [Member] | ||
Accumulated depreciation, beginning | 669 | 402 |
Additions | 131 | 267 |
Foreign Exchange Adjustment | 0 | |
Accumulated depreciation, ending | 800 | 669 |
Computer Equipment One [Member] | ||
Accumulated depreciation, beginning | 219 | 0 |
Additions | 424 | 219 |
Foreign Exchange Adjustment | (13) | |
Accumulated depreciation, ending | 630 | 219 |
Property and Equipment One [Member] | ||
Accumulated depreciation, beginning | 1,172 | 402 |
Additions | 9,294 | 770 |
Foreign Exchange Adjustment | (222) | |
Accumulated depreciation, ending | 10,244 | 1,172 |
Computer Software Two [Member] | ||
Property and equipment, beginning | 80,490 | 0 |
Property and equipment, ending | 70,819 | 80,490 |
Office Equipment Two [Member] | ||
Property and equipment, beginning | 131 | 398 |
Property and equipment, ending | 0 | 131 |
Property and Equipment Two [Member] | ||
Property and equipment, beginning | 83,202 | 398 |
Property and equipment, ending | 72,950 | 83,202 |
Computer Equipment Two [Member] | ||
Property and equipment, beginning | 2,581 | 0 |
Property and equipment, ending | $ 2,131 | $ 2,581 |
PROPERTY AND EQUIPMENT (Detai_2
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) | 9 Months Ended | |
Oct. 31, 2023 | Oct. 31, 2022 | |
PROPERTY AND EQUIPMENT | ||
Depreciation expense | $ 9,294 | $ 200 |
ACCOUNTS PAYABLE AND ACCRUED _3
ACCOUNTS PAYABLE AND ACCRUED LIABILITES (Details) - USD ($) | Oct. 31, 2023 | Jan. 31, 2023 |
Accounts payable and accrued liabilities | $ 12,965 | $ 6,104 |
Trade Payable [Member[ | ||
Accounts payable and accrued liabilities | 9,983 | 3,122 |
Due to Former Director [Member[ | ||
Accounts payable and accrued liabilities | $ 2,982 | $ 2,982 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 9 Months Ended | |||
Oct. 31, 2023 | Jan. 31, 2023 | Oct. 31, 2022 | Feb. 07, 2022 | |
Loans from related parties | $ 167,688 | $ 151,501 | ||
Sole officer and director [Member] | ||||
Loan forgiveness by related party | $ 10,667 | |||
Director of Live Investments Holding Ltd. [Member] | ||||
Salary | 13,152 | |||
Offset by reversal of over-accrued amount | 17,152 | 4,000 | ||
Due to Former Director [Member[ | ||||
Loans from related parties | 0 | 2,982 | $ 2,982 | |
Live Investments Holdings Ltd [Member] | ||||
Loans from related parties | 14,924 | 7,165 | ||
Northeast International Holdings Limited [Member] | ||||
Loans from related parties | 10,300 | |||
Amount due to majority shareholder | $ 152,764 | $ 144,336 |
EQUITY (Details Narrative)
EQUITY (Details Narrative) - $ / shares | Oct. 31, 2023 | Jan. 31, 2023 |
EQUITY | ||
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Par Value | $ 0.001 | $ 0.001 |
Common Stock, Shares Issued | 2,868,000 | 2,868,000 |
Common Stock, Shares Outstanding | 2,868,000 | 2,868,000 |
CONVERTIBLE NOTES (Details Narr
CONVERTIBLE NOTES (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended | |||
Oct. 31, 2023 | Oct. 31, 2022 | Jul. 31, 2023 | Oct. 31, 2023 | Oct. 31, 2022 | Jan. 31, 2023 | |
Interest Expense | $ 607 | $ 0 | $ 607 | $ 0 | ||
Non Affiliate [Member] | ||||||
Operating expenses | $ 31,661 | 8,600 | ||||
Interest Expense | 607 | |||||
Convertible note | $ 40,261 | $ 40,261 | $ 0 | |||
Interest rate per annum | 7.50% | 7.50% | ||||
Convertible note per share value | $ 0.10 | $ 0.10 | $ 0.10 |