| Significant Accounting Policies | NOTE 2 - SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES Principles of Consolidation The consolidated financial statements include
the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been
eliminated. Basis of Presentation This summary of significant accounting policies
is presented to assist in understanding the Company's financial statements. These accounting policies conform to accounting principles,
generally accepted in the United States of America, and have been consistently applied in the preparation of the financial statements. 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 of the financial statements
and the reported amounts of revenues and expenses during the reporting period. In the opinion of management, all adjustments necessary
in order to make the financial statements not misleading have been included. Actual results could differ from those estimates. Related party transactions 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. The Company conducts business
with its related parties in the ordinary course of business. 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. Cash and Cash Equivalents The Company considers all highly liquid investments
with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents at September
30, 2020 and December 31, 2019 were $54,314 and $8,942, respectively. Advance Payments Advance payments are comprised of the payments
for the development of unfinished software. As of September 30, 2020, the Company had the advance payments of $14,157. Inventories Inventories, consisting of products available
for sale, are primarily accounted for using the first-in, first-out ("FIFO") method, and are valued at the lower of
cost or market value. This valuation requires the Company to make judgments, based on currently-available information, about the
likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and
expected recoverable values of each disposition category. As of September 30, 2020, the Company had
the inventories of small sized mobile phones (“JellyPro”) in the amount of $2,608. Foreign currency translation The Company maintains its books and record
in its local currency, Japanese YEN (“JPY”), which is a functional currency as being the primary currency of the economic
environment in which its operation is conducted. Transactions denominated in currencies other than the functional currency are
translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and
liabilities denominated in currencies other than the functional currency are translated into the functional currency using the
applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations. The reporting currency of the Company is the
United States Dollars (“US$”) and the accompanying consolidated financial statements have been expressed in US$. In
accordance with ASC Topic 830-30, “Translation of Financial Statement”, assets and liabilities of the Company whose
functional currency is not US$ are translated into US$, using the exchange rate on the balance sheet date. Revenues and expenses
are translated at average rates prevailing during the period. Shareholders’ equity is translated at historical exchange
rate at the time of transaction. The gains and losses resulting from translation of financial statements are recorded as a separate
component of accumulated other comprehensive income within the statements of shareholders’ equity. Translation of amounts from the local currency
of the Company into US$1 has been made at the following exchange rates:
September 30, 2020
Current JPY: US$1 exchange rate 105.45
Average JPY: US$1 exchange rate 107.53 Comprehensive income or loss ASC Topic 220, “Comprehensive Income”,
establishes standards for reporting and display of comprehensive income or loss, its components and accumulated balances. Comprehensive
income or loss as defined includes all changes in equity during a period from non-owner sources. Accumulated comprehensive income,
as presented in the accompanying consolidated statements of shareholders’ equity consists of changes in unrealized gains
and losses on foreign currency translation. Revenue Recognition The Company adopted ASC 606 - Revenue from
contracts with Customers: (1) identify the contract with a customer; (2) identify the performance obligations in the contract;
(3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5)
recognize revenue when each performance obligation is satisfied. Revenue for small sized communication devices
(“Beacons”) is recognized when Beacons are delivered to the customer and the customer completes the acceptance inspection. Income Taxes The Company accounts for income taxes under
ASC 740, “ Income Taxes Basic Earnings (Loss) Per Share The Company computes basic and diluted earnings
(loss) per share in accordance with ASC Topic 260, Earnings per Share The Company does not have any potentially
dilutive instruments as of September 30, 2020 and December 31, 2019 and, thus, anti-dilution issues are not applicable. Fair Value of Financial Instruments The Company’s balance sheet includes
certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because
of the relatively short period of time between the origination of these instruments and their expected realization. ASC 820, Fair Value Measurements and
Disclosures - Level 1 - Unadjusted quoted prices in active
markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. - Level 2 - Inputs other than quoted prices
included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices
for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that
are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs
that are derived principally from or corroborated by observable market data by correlation or other means. - Level 3 - Inputs that are both significant
to the fair value measurement and unobservable. Fair value estimates discussed herein are
based upon certain market assumptions and pertinent information available to management as of September 30, 2020. The respective
carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of
these instruments. These financial instruments include accrued expenses. As of September 30, 2020, the Company had no financial
instruments. Recently Issued Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09,
“Revenue from Contracts with Customers (ASC 606)” and issued subsequent amendments to the initial guidance or implementation
guidance between August 2015 and November 2017 within ASU 2015-04, ASU 2016-08, ASU 2016-10, ASU 2016-12, ASU 2016-20, ASU 2017-13,
and ASU 2017-14 (collectively, including ASU 2014-09, “ASC 606”). Under ASC 606, revenue is recognized when a customer
obtains control of promised goods or services and is recognized in an amount that reflects the consideration which the entity
expects to receive in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount,
timing, and uncertainty of revenue and cash flows arising from contracts with customers. ASC 606 is effective for fiscal years
and interim periods within those years beginning after December 15, 2017, and early adoption is permitted for periods beginning
after December 15, 2016. The Company adopted the standard using the modified retrospective method, the adoption of ASC 606 did
not have a material impact on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02,
“Leases (Topic 842)” and issued subsequent amendments to the initial guidance or implementation guidance including
ASU 2017-13, 2018-01, 2018-10, 2018-11, 2018-20 and 2019-01 (collectively, including ASU 2016-02, “ASC 842”). Under
ASC 842, lessees will be required to recognize all leases at the commencement date including a lease liability, which is a lessee’s
obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use (ROU) asset, which
is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. The standard will be effective for the Company
beginning November 22, 2019 with early adoption permitted. The Company adopted the standard on November 22, 2019 on a modified
retrospective basis and will not restate comparable periods. The Company will elect the package of practical expedients permitted
under the transition guidance, which allows the Company to carry forward the historical lease classification, the assessment whether
a contract is or contains a lease and initial direct costs for any leases that exist prior to adoption of the new standard. The
Company will also elect the practical expedient not to separate lease and non-lease components for certain classes of underlying
assets and the short-term lease exemption for contracts with lease terms of 12 months or less. |
