Pipergy 10-K/A 16 Apr 21 2020 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($)	Apr. 15, 2021	Dec. 31, 2020	Jun. 30, 2020
Details
Registrant CIK		0001803827
Document Type		10-K/A
Document Annual Report		true
Document Period End Date		Dec. 31, 2020
Current Fiscal Year End Date		--12-31
Document Transition Report		false
Entity File Number		333-240364
Entity Registrant Name		Pipergy Inc.
Entity Incorporation, State or Country Code		WY
Entity Tax Identification Number		84-4162136
Entity Address, Address Line One		2096 Skull Creek Road
Entity Address, City or Town		Four Corners
Entity Address, State or Province		WY
Entity Address, Postal Zip Code		82715
Entity Address, Address Description		Address of principal executive offices, including zip code
Phone Fax Number Description		Registrant's Telephone number, including area code
City Area Code		307
Local Phone Number		746-8673
Entity Well-known Seasoned Issuer		No
Entity Voluntary Filers		No
Entity Interactive Data Current		Yes
Entity Current Reporting Status		Yes
Entity Filer Category		Non-accelerated Filer
Entity Small Business		true
Entity Emerging Growth Company		true
Entity Ex Transition Period		false
Entity Shell Company		false
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding	32,452,000
Entity Listing, Par Value Per Share	$ 0.001
Amendment Flag		false
Document Fiscal Year Focus		2020
Document Fiscal Period Focus		FY

BALANCE SHEET

BALANCE SHEET	Dec. 31, 2020USD ($)
CURRENT ASSETS:
Cash	$ 692
Prepaid Expenses	154
Total Current Assets	846
CURRENT LIABILITIES:
Accounts Payable	36,648
Advances - Related Parties	23,152
Accrued Expenses	43,533
Notes Payable - Related Party	25,000
Accrued Interest	1,202
Total Current Liabilities	129,535
STOCKHOLDERS' DEFICIT:
Preferred Stock, Value	0
Common Stock, Value	32,452
Accumulated Deficit	(161,141)
Total Stockholders' Deficit	(128,689)
Total Liabilities and Stockholders' Deficit	$ 846

BALANCE SHEET - Parenthetical

BALANCE SHEET - Parenthetical - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Details
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	100,000,000	100,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	32,452,000	32,452,000
Common Stock, Shares, Outstanding	32,452,000	32,452,000

STATEMENT OF OPERATIONS

STATEMENT OF OPERATIONS	12 Months Ended
	Dec. 31, 2020USD ($)shares
Expenses:
Operating Expenses	$ 159,939
Interest Expense	1,202
Total Expenses	161,141
Loss Before Income Taxes	(161,141)
Income Tax Expense	0
NET LOSS	$ (161,141)
Weighted Average Number of Shares (basic and diluted) | shares	31,020,672

STATEMENT OF STOCKHOLDERS' DEFI

STATEMENT OF STOCKHOLDERS' DEFICIT - 12 months ended Dec. 31, 2020 - USD ($)	Preferred Stock	Common Stock	Additional Paid-in Capital	Subscription Receivable	Retained Earnings	Total
Equity Balance, Starting at Jan. 02, 2020	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Shares Outstanding, Starting at Jan. 02, 2020	0	0
Shares Granted, Value, Share-based Payment Arrangement, after Forfeiture	$ 0	$ 32,452	0	0	0	32,452
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	0	32,452,000
Net Income (Loss)	$ 0	$ 0	0	0	(161,141)	(161,141)
Shares Outstanding, Ending at Dec. 31, 2020	0	32,452,000
Equity Balance, Ending at Dec. 31, 2020	$ 0	$ 32,452	$ 0	$ 0	$ (161,141)	$ (128,689)

STATEMENT OF CASH FLOWS (Unaudi

STATEMENT OF CASH FLOWS (Unaudited)	12 Months Ended
	Dec. 31, 2020USD ($)
Cash Flows from Operating Activities:
Net Loss	$ (161,141)
Adjustments to Reconcile Net Loss to Net Cash Used by Operating Activities:
Stock based compensation	32,452
Change in Operating Assets and Liabilities:
A/P and Accrued Expenses	104,535
Prepaid Expenses	(154)
Net Cash Used by Operating Activities	(24,308)
Cash Flows from Investing Activities:	0
Cash Flows from Financing Activities:
Proceeds from Related Party Note Payable	25,000
Net Cash Provided by Financing Activities	25,000
Net Increase (Decrease) in Cash	692
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	0
Cash and Cash Equivalents, at Carrying Value, Ending Balance	692
Supplemental Disclosures of Cash Flow Information:
Interest	0
Income taxes	$ 0

NOTE 1 - SUMMARY OF SIGNIFICANT

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2020
Notes
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization – Pipergy Inc. (“the Company”) was organized under the laws of the State of Wyoming on January 3, 2020. The Company is in the oil and gas pipeline maintenance industry. The Company was organized to provide a vehicle for participating in potentially profitable business ventures which may become available through the personal contacts of, and at the complete discretion of, the Company’s officers and directors. The Company has, at the present time, not paid any dividends and any dividends that may be paid in the future will depend upon the financial requirements of the Company and other relevant factors. Cash and Cash Equivalents – The Company considers all highly liquid debt investments purchased with a maturity of three months or less to be cash equivalents. Income Taxes – The Company accounts for income taxes in accordance with ASC Topic No. 740, “Accounting for Income Taxes”. The Company has no tax positions at December 31, 2020 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. During the period ended December 31, 2020, the Company recognized no interest and penalties. The Company had no accruals for interest and penalties at December 31, 2020. Loss Per Share – The Company computes loss per share in accordance with ASC Topic No. 260, Earnings Per Share, which requires the Company to present basic and dilutive loss per share when the effect is dilutive. At December 31, 2020, the computed loss per basic/diluted share was $(0.01), Accounting Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimated by management.

NOTE 2 - GOING CONCERN

NOTE 2 - GOING CONCERN	12 Months Ended
	Dec. 31, 2020
Notes
NOTE 2 - GOING CONCERN	NOTE 2 – GOING CONCERN The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. However, the Company was only recently formed, has not yet established profitable operations and has incurred losses since inception. These factors raise substantial doubt about the ability of the Company to continue as a going concern. In this regard, management is proposing to raise additional funds not provided by operations through loans or through sales of its common stock. There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.

NOTE 3 - RELATED PARTY TRANSACT

NOTE 3 - RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2020
Notes
NOTE 3 - RELATED PARTY TRANSACTIONS	NOTE 3 – RELATED PARTY TRANSACTIONS Management Compensation – For the period from inception to December 31, 2020, the Company did not pay any cash compensation to its officers and directors. For the period from inception to December 31, 2020, the Company issued The common shares were issued as compensation for services rendered in forming the company, providing specialized expertise, and time and materials provided. The common shares were valued at the common stock par value of $0.001 for a total value of $32,452. Office Space – The Company has not had a need to rent office space. An officer/shareholder of the Company is allowing the Company to use his home as a mailing address, as needed, at no expense to the Company. For the period from January 3, 2020 (inception) to December 31, 2020, Tom Mohnen sold personal non-registered stock for $25,000 and loaned the proceeds to the Company. There is a formal note with 9% interest due on June 20, 2021.

NOTE 4 - CAPITAL STOCK

NOTE 4 - CAPITAL STOCK	12 Months Ended
	Dec. 31, 2020
Notes
NOTE 4 - CAPITAL STOCK	NOTE 4 – CAPITAL STOCK Preferred Stock – The Company currently has 100,000,000 shares of preferred stock authorized with a par value of $0.001 per share. At January 16, 2020, the Company had no shares of preferred stock issued and outstanding. Common Stock – The Company currently has 500,000,000 shares of common stock authorized with a par value of $0.001 par value. At December 31, 2020, the Company had 32,452,000 shares of common stock issued and outstanding. Shares issued were as follows: 10,000,000 shares to Thomas J. Mohnen (CEO); 10,180,000 shares to J. Paul Geeding, Jr. (COO), 10,000,000 shares to Alan R. Josselyn (President); and 2,272,000 shares to Leonard M. Stillman Jr. (CFO). Shares were issued as compensation for services rendered in forming the company, providing specialized expertise, and time and materials provided. Shares were valued at the common stock par value of $0.001 for a total value of $32,452.

NOTE 5 - INCOME TAXES

NOTE 5 - INCOME TAXES	12 Months Ended
	Dec. 31, 2020
Notes
NOTE 5 - INCOME TAXES	NOTE 5 - INCOME TAXES The Company accounts for income taxes in accordance with ASC Topic No. 740. This standard requires the Company to provide a net deferred tax asset or liability equal to the expected future tax benefit or expense of temporary reporting differences between book and tax accounting methods and any available operating loss or tax credit carryforwards. Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Tax Cut and Jobs Act was enacted on December 22, 2017, which reduced the U.S. corporate statutory tax rate from 35% to 21% beginning on January 1, 2018. The company used 21% as an effective rate. Deferred tax assets are comprised of the following: 2020 Deferred tax assets: NOL carryover $ 1,600 Valuation allowance (1,600) Net deferred tax asset $ - The reconciliation of the provision for income taxes computed at the U.S. federal statutory tax rate (21%) to the Company’s effective tax rate for the year ended December 31, 2020 is as follows: 2020 Book Loss $ (33,800) Stock Compensation 6,815 Valuation allowance 26,985 Provision for Income Taxes $ - At December 31, 2020, the Company had net operating loss carryforwards of approximately $8,000 that may be offset against future taxable income from the year 2021 through 2040. No tax benefit has been reported in the December 31, 2020 financial statement since the potential tax benefit is offset by a valuation allowance of the same amount. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carryforwards may be limited as to use in future years.

NOTE 6 - SUBSEQUENT EVENTS

NOTE 6 - SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2020
Notes
NOTE 6 - SUBSEQUENT EVENTS	NOTE 6 – SUBSEQUENT EVENTS Effective on April 15, 2021, Leonard M. Stillman Jr. resigned as Chief Financial Officer. Thomas Mohnen shall act as Interim Chief Financial Officer until the appointment of a new Chief Financial Officer. During the 1 st The Company has evaluated subsequent events from the balance sheet date through the date which the financial statements were available to be issued and determined there are no additional events to disclose.

NOTE 1 - SUMMARY OF SIGNIFICA_2

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cash and Cash Equivalents (Policies)	12 Months Ended
	Dec. 31, 2020
Policies
Cash and Cash Equivalents	Cash and Cash Equivalents – The Company considers all highly liquid debt investments purchased with a maturity of three months or less to be cash equivalents.

NOTE 1 - SUMMARY OF SIGNIFICA_3

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Income Taxes (Policies)	12 Months Ended
	Dec. 31, 2020
Policies
Income Taxes	Income Taxes – The Company accounts for income taxes in accordance with ASC Topic No. 740, “Accounting for Income Taxes”. The Company has no tax positions at December 31, 2020 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. During the period ended December 31, 2020, the Company recognized no interest and penalties. The Company had no accruals for interest and penalties at December 31, 2020.

NOTE 1 - SUMMARY OF SIGNIFICA_4

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Loss Per Share (Policies)	12 Months Ended
	Dec. 31, 2020
Policies
Loss Per Share	Loss Per Share – The Company computes loss per share in accordance with ASC Topic No. 260, Earnings Per Share, which requires the Company to present basic and dilutive loss per share when the effect is dilutive. At December 31, 2020, the computed loss per basic/diluted share was $(0.01),

NOTE 1 - SUMMARY OF SIGNIFICA_5

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Accounting Estimates (Policies)	12 Months Ended
	Dec. 31, 2020
Policies
Accounting Estimates	Accounting Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimated by management.

NOTE 5 - INCOME TAXES_ Schedule

NOTE 5 - INCOME TAXES: Schedule of Components of Income Tax Expense (Benefit) (Tables)	12 Months Ended
	Dec. 31, 2020
Tables/Schedules
Schedule of Components of Income Tax Expense (Benefit)	2020 Deferred tax assets: NOL carryover $ 1,600 Valuation allowance (1,600) Net deferred tax asset $ -

NOTE 5 - INCOME TAXES_ Schedu_2

NOTE 5 - INCOME TAXES: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Dec. 31, 2020
Tables/Schedules
Schedule of Effective Income Tax Rate Reconciliation	2020 Book Loss $ (33,800) Stock Compensation 6,815 Valuation allowance 26,985 Provision for Income Taxes $ -

NOTE 1 - SUMMARY OF SIGNIFICA_6

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2020
Details
Entity Incorporation, State or Country Code	WY
Entity Incorporation, Date of Incorporation	Jan. 3, 2020

NOTE 1 - SUMMARY OF SIGNIFICA_7

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Loss Per Share (Details)	12 Months Ended
	Dec. 31, 2020$ / shares
Details
Earnings Per Share, Diluted	$ (0.01)

NOTE 3 - RELATED PARTY TRANSA_2

NOTE 3 - RELATED PARTY TRANSACTIONS (Details)	12 Months Ended
	Dec. 31, 2020USD ($)
Details
Common Stock, Value	$ 32,452
Debt Instrument, Description	formal note
Debt Instrument, Interest Rate, Stated Percentage	9.00%
Debt Instrument, Maturity Date	Jun. 20, 2021

NOTE 4 - CAPITAL STOCK (Details

NOTE 4 - CAPITAL STOCK (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Details
Preferred Stock, Shares Authorized	100,000,000	100,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares, Issued	32,452,000	32,452,000
Common Stock, Shares, Outstanding	32,452,000	32,452,000
Common Stock, Value	$ 32,452

NOTE 5 - INCOME TAXES_ Schedu_3

NOTE 5 - INCOME TAXES: Schedule of Components of Income Tax Expense (Benefit) (Details)	Dec. 31, 2020USD ($)
Deferred tax assets:
NOL carryover	$ 1,600
Valuation allowance	(1,600)
Net deferred tax asset	$ 0

NOTE 5 - INCOME TAXES_ Schedu_4

NOTE 5 - INCOME TAXES: Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2020USD ($)
Details
Book Loss	$ (33,800)
Stock Compensation	6,815
Valuation allowance	26,985
Provision for Income Taxes	$ 0

NOTE 6 - SUBSEQUENT EVENTS (Det

NOTE 6 - SUBSEQUENT EVENTS (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2020
Details
Subsequent Event, Date		Apr. 15, 2021
Subsequent Event, Description		Leonard M. Stillman Jr. resigned as Chief Financial Officer
Proceeds from Related Party Note Payable	$ 17,385		$ 25,000