| Cover - shares | 6 Months Ended | |
| Dec. 31, 2021 | Feb. 14, 2022 | |
| Cover [Abstract] | ||
| Document Type | 10-Q | |
| Amendment Flag | false | |
| DocumentQuarterlyReport | true | |
| DocumentTransitionReport | false | |
| DocumentPeriodEndDate | Dec. 31, 2021 | |
| Document Fiscal Period Focus | Q2 | |
| Document Fiscal Year Focus | 2022 | |
| Current Fiscal Year End Date | --06-30 | |
| FileNumber | 333-249576 | |
| Registrant Name | STREETEX CORP. | |
| Entity Central Index Key | 0001822372 | |
| TaxIdentificationNumber | 98-1446177 | |
| IncorporationStateCountryCode | NV | |
| AddressLine1 | Handelstr. 1 | |
| AddressCityOrTown | Linkenheim-Hochstetten | |
| AddressCountry | DE | |
| AddressPostalZipCode | 76351 | |
| CityAreaCode | 725 | |
| LocalPhoneNumber | 210-5515 | |
| CurrentReportingStatus | Yes | |
| InteractiveDataCurrent | Yes | |
| Filer Category | Non-accelerated Filer | |
| SmallBusiness | true | |
| EmergingGrowthCompany | true | |
| extended transition period | false | |
| Shell Company | true | |
| CommonStockSharesOutstanding | 2,516,814 | |
| ContactPersonnelEmailAddress | streetexcorp@yahoo.com |
| BALANCE SHEETS - USD ($) | Dec. 31, 2021 | Jun. 30, 2021 |
| Current Assets | ||
| Cash and cash equivalents | $ 14,694 | $ 15,046 |
| Account receivable | 950 | |
| Total Current Assets | 15,644 | 15,046 |
| Fixed Assets | ||
| Equipment, net | 113 | |
| Total Fixed Assets | 113 | |
| Total Assets | 15,644 | 15,159 |
| Current Liabilities | ||
| Accounts payable | 2,000 | |
| Related party loan | 11,927 | 11,927 |
| Total Current Liabilities | 11,927 | 13,927 |
| Total Liabilities | 11,927 | 13,927 |
| Commitments and Contingencies | ||
| Stockholders’ Equity(Deficit) | ||
| Common stock, par value $0.001; 75,000,000 shares authorized, 2,516,814 and 2,286,814 shares issued and outstanding as of December 31, 2021 and June 30, 2021 | $ 2,517 | $ 2,287 |
| Additional paid in capital | $ 25,324 | $ 14,054 |
| Accumulated deficit | (24,124) | (15,109) |
| Total Stockholders’ Equity | 3,717 | 1,232 |
| Total Liabilities and Stockholders’ Equity | $ 15,644 | $ 15,159 |
| STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 6 Months Ended | ||
| Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | |
| OPERATING EXPENSES | ||||
| General and Administrative Expenses | $ (3,073) | $ (6,456) | $ (9,015) | $ (9,735) |
| TOTAL OPERATING EXPENSES | (3,073) | (6,456) | (9,015) | (9,735) |
| NET LOSS FROM OPERATIONS | (3,073) | (6,456) | (9,015) | (9,735) |
| PROVISION FOR INCOME TAXES | ||||
| NET LOSS | $ (3,073) | $ (6,456) | $ (9,015) | $ (9,735) |
| NET LOSS PER SHARE: BASIC AND DILUTED | $ 0 | $ 0 | $ 0 | $ 0 |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED | 2,493,477 | 2,000,000 | 2,406,434 | 2,000,000 |
| Statements of Stockholders' Equity - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
| June 30, 2020 at Jun. 30, 2020 | $ 2,000 | $ (1,727) | $ 273 | |
| June 30, 2020 at Jun. 30, 2020 | $ 2,000,000 | |||
| Issuance of common stock | ||||
| Net loss for the six months ended December 31, 2020 | $ (9,735) | $ (9,735) | ||
| December 31, 2020 at Dec. 31, 2020 | 2,000 | (11,462) | (9,462) | |
| September 30, 2020 at Sep. 30, 2020 | $ 2,000 | $ (5,006) | $ (3,006) | |
| September 30, 2020 at Sep. 30, 2020 | 2,000,000 | |||
| Issuance of common stock | ||||
| Net loss for the six months ended December 31, 2020 | $ (6,456) | $ (6,456) | ||
| December 31, 2020 at Dec. 31, 2020 | 2,000 | (11,462) | (9,462) | |
| June 30, 2020 at Jun. 30, 2021 | 1,232 | |||
| June 30, 2021 at Jun. 30, 2021 | 2,287 | 14,054 | (15,109) | 1,232 |
| June 30, 2021 at Jun. 30, 2021 | 2,286,814 | |||
| Issuance of common stock | 230 | 11,270 | 11,500 | |
| Net loss for the six months ended December 31, 2021 | (9,015) | (9,015) | ||
| December 31, 2020 at Dec. 31, 2021 | 2,000,000 | |||
| December 31, 2021 at Dec. 31, 2021 | 2,517 | 25,324 | (24,124) | 3,717 |
| December 31, 2021 at Dec. 31, 2021 | 2,516,814 | |||
| September 30, 2021 at Sep. 30, 2021 | $ 2,422 | $ 20,669 | $ (21,051) | $ 2,040 |
| September 30, 2021 at Sep. 30, 2021 | 2,421,814 | |||
| Issuance of common stock | 95 | 4,655 | 4,750 | |
| Net loss for the six months ended December 31, 2020 | $ (3,073) | $ (3,073) | ||
| December 31, 2020 at Dec. 31, 2021 | 2,000,000 | |||
| December 31, 2021 at Dec. 31, 2021 | $ 2,517 | $ 25,324 | $ (24,124) | 3,717 |
| December 31, 2021 at Dec. 31, 2021 | $ 2,516,814 |
| STATEMENTS OF CASH FLOWS - USD ($) | 6 Months Ended | |
| Dec. 31, 2021 | Dec. 31, 2020 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $ (9,015) | $ (9,735) |
| Adjustments to reconcile net loss to net cash from operating activities: | ||
| Depreciation Expense | 113 | 56 |
| Accounts Receivable | (950) | |
| Accounts Payable | (2,000) | 2,500 |
| CASH FLOWS USED BY OPERATING ACTIVITIES | (11,852) | (7,179) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of equipment | (338) | |
| CASH FLOWS USED BY INVESTING ACTIVITIES | (338) | |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from sale of stock | 11,500 | |
| CASH FLOWS FROM FINANCING ACTIVITIES | 11,500 | |
| NET CHANGE IN CASH | (352) | (7,517) |
| Cash, beginning of period | 15,046 | 12,200 |
| Cash, end of period | 14,694 | 4,683 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Interest paid | ||
| Income taxes paid | ||
| ORGANIZATION AND NATURE OF BUSINESS | 6 Months Ended |
| Dec. 31, 2021 | |
| Accounting Policies [Abstract] | |
| ORGANIZATION AND NATURE OF BUSINESS | Note 1 – ORGANIZATION AND NATURE OF BUSINESS STREETEX CORP. (“the Company”) was incorporated in the State of Nevada on September 4, 2018. Our company intends to operate in the business of video advertisement for business entities or private individuals. We plan to produce advertising video content for social networks such as Instagram, Facebook, Twitter and many others. Our principal services are aimed at bloggers, SMM managers and/or companies to promote their services on social web platforms. |
| GOING CONCERN | 6 Months Ended |
| Dec. 31, 2021 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| GOING CONCERN | Note 2 – GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. At December 31, 2021, the Company had cash of $14,694 and working capital of $3,717 For the six months ended December 31, 2021 the Company had no revenues and an accumulated deficit of $24,124. These factors raise substantial doubt regarding the Company`s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. There is no assurance that the Company will be successful in its endeavors or become financially viable and continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
| Dec. 31, 2021 | |
| Accounting Policies [Abstract] | |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | Note 3 – 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 and are presented in US dollars. The Company’s year-end is June 30. Use of 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 and 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 estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Equipment Equipment is stated at cost, net of accumulated depreciation. Purchased equipment is multifunction printer. The cost of equipment is depreciated using the straight-line method over one year. We capitalize assets with a useful life of one year and greater or over $1,000. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the equipment's useful life are capitalized. Equipment sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income. Purchased equipment was fully depreciated as of December 31, 2021 Basic Income (Loss) Per Share Net income (loss) per common share is computed pursuant to FASB Accounting Standards Codification (“ASC”) 260, “Earnings per Share”. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially dilutive outstanding shares of common stock during the period to reflect the potential dilution that could occur from common shares issuable through contingent share arrangements, stock options and warrants. There were no potentially dilutive common shares outstanding for the periods presented. 8 STREETEX CORP. NOTES TO THE FINANCIAL STATEMENTS December 31, 2021 (Unaudited) Fair Value of Financial Instruments The Company’s financial instruments consist of cash, accounts payable, accounts receivable, and advances payable to sole officer and director. The carrying amount of these financial instruments approximates fair value because of the short period of time between the origination of such instruments and their expected realization. Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. ASC 606 adoption is on February 1, 2018. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. Specifically, Section 606-10-50 requires an entity to provide information about: a. Revenue recognized from contracts with customers, including the disaggregation of revenue into appropriate categories; b. Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities; c. Performance obligations, including when the entity typically satisfies its performance obligations and the transaction price that is allocated to the remaining performance obligations in a contract; d. Significant judgments, and changes in judgments, made in applying the requirements to those contracts. As of December 31, 2021, the Company has generated $0 in revenue. Recent Accounting Pronouncements Certain accounting pronouncements have been issued by the FASB and other standard setting organizations which are not yet effective and therefore have not yet been adopted by the Company. The impact on the Company`s financial position and results of operations from adoption of these standards is not expected to be material. |
| RELATED PARTY TRANSACTIONS | 6 Months Ended |
| Dec. 31, 2021 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | Note 4 – RELATED PARTY TRANSACTIONS For the six months ended December 31, 2021, our sole director has loaned to the Company $0. This loan is unsecured, non-interest bearing and due on demand. The balance due to the director was $11,927 as of December 31, 2021 and $11,927 as of the year end June 30, 2021. |
| COMMITMENTS AND CONTINGENCIES | 6 Months Ended |
| Dec. 31, 2021 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| COMMITMENTS AND CONTINGENCIES | Note 5 – COMMITMENTS AND CONTINGENCIES From time-to-time, the Company is subject to various litigation and other claims in the normal course of business. The Company establishes liabilities in connection with legal actions that management deems to be probable and estimable. No amounts have been accrued in the financial statements with respect to any matters. 9 STREETEX CORP. NOTES TO THE FINANCIAL STATEMENTS December 31, 2021 (Unaudited) |
| COMMON STOCK | 6 Months Ended |
| Dec. 31, 2021 | |
| Equity [Abstract] | |
| COMMON STOCK | Note 6 – COMMON STOCK The Company has 75,000,000, $0.001 par value shares of common stock authorized. In March 2021 the Company issued 33,614 shares of common stock for cash proceeds of $1,681 at $0.05 per share. In April 2021 the Company issued 196,200 shares of common stock for cash proceeds of $9,810 at $0.05 per share. In May 2021 the Company issued 57,000 shares of common stock for cash proceeds of $2,850 at $0.05 per share. In July 2021 the Company issued 19,000 shares of common stock for cash proceeds of $950 at $0.05 per share. In September 2021 the Company issued 116,000 shares of common stock for cash proceeds of $5,800 at $0.05 per share. In October 2021 the Company issued 57,000 shares of common stock for cash proceeds of $2,850 at $0.05 per share. In November 2021 the Company issued 38,000 shares of common stock for cash proceeds of $1,900 at $0.05 per share. There were 2,516,814 shares of common stock issued and outstanding as of December 31, 2021 and 2,286,814 shares of common stock issued and outstanding as of June 30, 2021. |
| INCOME TAXES | 6 Months Ended |
| Dec. 31, 2021 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | Note 7 – INCOME TAXES The Company adopted the provisions of uncertain tax positions as addressed in ASC 740 “Income Taxes” (“ASC 740”). As a result of the implementation of ASC 740, the Company recognized no increase in the liability for unrecognized tax benefits. As of December 31, 2021 the Company had net operating loss carry forwards of approximately $24,124 that may be available to reduce future years’ taxable income in varying amounts through 2031. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. The valuation allowance at December 31, 2021 was approximately $5,066. The net change in valuation allowance for the six months ended December 31, 2021 was $1,893. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on consideration of these items, management has determined that enough uncertainty exists relative to the realization of the deferredincome tax asset balances to warrant the application of a full valuation allowance as of December 31, 2021. All tax years since inception remain open for examination by taxing authorities. The related deferred tax benefit on the above unutilized tax losses has a full valuation allowance not recognized against it as there is no certainty of its realization. Management has evaluated tax positions in accordance with ASC 740 and has not identified any significant tax positions, other than those disclosed. |
| SUBSEQUENT EVENTS | 6 Months Ended |
| Dec. 31, 2021 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | Note 8 – SUBSEQUENT EVENTS In accordance with ASC 855, “Subsequent Events”, the Company has analyzed its operations subsequent through February 14, 2022, and has determined that it does not have any material subsequent events to disclose in these financial statements. |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
| Dec. 31, 2021 | |
| Accounting Policies [Abstract] | |
| Basis of presentation | 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 and are presented in US dollars. The Company’s year-end is June 30. |
| Use of Estimates | Use of 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 and 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 estimates. |
| Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. |
| Equipment | Equipment Equipment is stated at cost, net of accumulated depreciation. Purchased equipment is multifunction printer. The cost of equipment is depreciated using the straight-line method over one year. We capitalize assets with a useful life of one year and greater or over $1,000. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the equipment's useful life are capitalized. Equipment sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income. Purchased equipment was fully depreciated as of December 31, 2021 |
| Basic Income (Loss) Per Share | Basic Income (Loss) Per Share Net income (loss) per common share is computed pursuant to FASB Accounting Standards Codification (“ASC”) 260, “Earnings per Share”. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially dilutive outstanding shares of common stock during the period to reflect the potential dilution that could occur from common shares issuable through contingent share arrangements, stock options and warrants. There were no potentially dilutive common shares outstanding for the periods presented. 8 STREETEX CORP. NOTES TO THE FINANCIAL STATEMENTS December 31, 2021 (Unaudited) |
| Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company’s financial instruments consist of cash, accounts payable, accounts receivable, and advances payable to sole officer and director. The carrying amount of these financial instruments approximates fair value because of the short period of time between the origination of such instruments and their expected realization. |
| Income Taxes | Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. |
| Revenue Recognition | Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. ASC 606 adoption is on February 1, 2018. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. Specifically, Section 606-10-50 requires an entity to provide information about: a. Revenue recognized from contracts with customers, including the disaggregation of revenue into appropriate categories; b. Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities; c. Performance obligations, including when the entity typically satisfies its performance obligations and the transaction price that is allocated to the remaining performance obligations in a contract; d. Significant judgments, and changes in judgments, made in applying the requirements to those contracts. As of December 31, 2021, the Company has generated $0 in revenue. |
| Recent Accounting Pronouncements | Recent Accounting Pronouncements Certain accounting pronouncements have been issued by the FASB and other standard setting organizations which are not yet effective and therefore have not yet been adopted by the Company. The impact on the Company`s financial position and results of operations from adoption of these standards is not expected to be material. |
