VIP Play (VIPZ) 10-K 28 Sep 21 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2021	Sep. 27, 2021	Dec. 31, 2020
Details
Registrant CIK	0001832161
Fiscal Year End	--06-30
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	000-56290
Entity Registrant Name	KeyStar Corp.
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	85-0738656
Entity Address, Address Line One	9620 Las Vegas Blvd. S STE E4-98
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89123
City Area Code	702
Local Phone Number	800-2511
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	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		29,800,000
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Current assets:
Cash	$ 88,565	$ 37,918
Inventory, net	8,341	45,122
Prepaid expenses	10,144	468
Total current assets	107,050	83,508
Other assets:
Security deposit	1,523	0
Total other assets	1,523	0
Total assets	108,573	83,508
Current liabilities:
Accounts payable and accrued expenses	11,457	4,572
Accounts payable and accrued expenses - related party	24,870	26,529
Notes payable - related party	65,000	35,000
Convertible debt - related party	10,000	10,000
Total current liabilities	111,327	76,101
Total liabilities	111,327	76,101
Stockholders' equity (deficit):
Preferred stock, series A, $0.0001 par value, 25,000,000 shares authorized 2,000,000 and 2,000,000 shares issued and outstanding as of June 30, 2021 and June 30, 2020, respectively	200	200
Common stock, $0.0001 par value, 475,000,000 shares authorized 29,800,000 and 29,000,000 shares issued and outstanding as of June 30, 2021 and June 30, 2020, respectively	2,980	2,900
Additional paid-in capital	53,297	13,400
Stock subscriptions receivable	0	(1,500)
Accumulated deficit	(59,231)	(7,593)
Total stockholders' equity (deficit)	(2,754)	7,407
Total liabilities and stockholders' equity (deficit)	$ 108,573	$ 83,508

BALANCE SHEETS - Parenthetical

BALANCE SHEETS - Parenthetical - $ / shares	Jun. 30, 2021	Jun. 30, 2020
Details
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	25,000,000	25,000,000
Preferred Stock, Shares Issued	2,000,000	2,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	475,000,000	475,000,000
Common Stock, Shares, Issued	29,800,000	29,000,000

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Details
Revenues	$ 47,172	$ 26,871
Cost of goods sold	43,932	24,846
Gross profit	3,240	2,025
Operating expenses:
General and administrative	48,476	7,438
Selling expenses	407	1,372
Total operating expenses	48,883	8,810
Other expense:
Interest expense - related party	(5,995)	(808)
Total other expense	(5,995)	(808)
Net loss	$ (51,638)	$ (7,593)
Earnings Per Share, Basic and Diluted	$ 0	$ 0
Weighted Average Number of Shares Outstanding, Basic and Diluted	29,127,479	2,847,895

STATEMENTS OF STOCKHOLDERS' EQU

STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Preferred Stock	Common Stock	Additional Paid-in Capital	Deferred Compensation, Share-based Payments	Retained Earnings	Total
Equity Balance at Jun. 30, 2019	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Equity Balance, Shares at Jun. 30, 2019	0	0
Common stock issued, value	$ 0	$ 2,900	11,600	(1,500)	0	13,000
Common stock issued, shares	0	29,000,000
Preferred stock issued, value	$ 200	$ 0	1,800	0	0	$ 2,000
Preferred stock issued, shares	2,000,000	0				2,000,000
Net income (loss) for the period	$ 0	$ 0	0	0	(7,593)	$ (7,593)
Equity Balance, Shares at Jun. 30, 2020	2,000,000	29,000,000
Equity Balance at Jun. 30, 2020	$ 200	$ 2,900	13,400	(1,500)	(7,593)	7,407
Common stock issued, value	$ 0	$ 80	39,897	0	0	39,977
Common stock issued, shares	0	800,000
Cash received in satisfaction of subscriptions receivable	$ 0	$ 0	0	1,500	0	1,500
Net income (loss) for the period	$ 0	$ 0	0	0	(51,638)	(51,638)
Equity Balance, Shares at Jun. 30, 2021	2,000,000	29,800,000
Equity Balance at Jun. 30, 2021	$ 200	$ 2,980	$ 53,297	$ 0	$ (59,231)	$ (2,754)

STATEMENT OF CASH FLOWS

STATEMENT OF CASH FLOWS - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (51,638)	$ (7,593)
Adjustments to reconcile to net loss to net cash provided by operating activities:
Expenses paid on behalf of the company by related party	2,992	20,596
Inventory reserve	1,472	6,446
Changes in operating assets and liabilities:
Inventory:	35,309	(51,568)
Prepaid expenses:	(11,199)	(468)
Accounts payable and accrued expenses:	6,885	4,572
Accounts payable and accrued expenses - related party:	5,997	5,933
Net cash from operating activities	(10,182)	(22,082)
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash from investing activities	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes payable, related party	30,000	35,000
Proceeds from convertible debt	0	10,000
Proceeds from issuance of common stock	39,977	13,000
Proceeds from issuance of Series A convertible preferred stock	0	2,000
Repayment of amounts due to related party	(10,648)	0
Cash received in satisfaction of stock subscriptions receivable	1,500	0
Net cash from financing activities	60,829	60,000
NET CHANGE IN CASH	50,647	37,918
CASH AT BEGINNING OF PERIOD	37,918	0
CASH AT END OF PERIOD	88,565	37,918
SUPPLEMENTAL INFORMATION:
Interest paid	0	0
Income taxes paid	0	0
Non-cash investing and financing activities:
Common stock issued for subscriptions payable	$ 0	$ 1,500

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2021
Notes
Organization and Summary of Significant Accounting Policies	NOTE 1 - ORGANIZATION & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The financial statements presented in this report are of KeyStar Corp. The Company maintains its accounting records on accrual basis in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The financial statement presents the Balance Sheet, Statement of Operations, Stockholders’ Equity and Cash Flows of the Company. These financial statements are presented in United States dollars. The accompanying financial statements have been prepared in accordance with U.S. GAAP. Organization The Company was incorporated on April 16, 2020 under the laws of the State of Nevada, as KeyStar Corp. Nature of Operations The Company sells KN95 facemasks, disposable facemasks and disinfectant wipes through an online store in the United States of America. The Company is planning to offer convention services, which connect US buyers to Chinese manufacturers. Due to the COVID-19 pandemic, the traditional conventions have been postponed in the United States of America. As such, the Company is trying to bridge the gap and introduce the online conventions to potential buyers. Year End The Company’s year-end is June 30. Use of Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. Going Concern The Company’s financial statements are prepared using the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America, and have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The Company has an accumulated deficit of $59,231 as of June 30, 2021. The Company had net loss of $51,638 and negative cash flows of $10,182 from operations for the year ended June 30, 2021. These conditions raise substantial doubt about the entity’s ability to continue as a going concern for a period of one year from the issuance of these financial statements. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan. There can be no assurance that the Company will be successful in order to continue as a going concern. The Company is funding its initial operations by issuing notes and continuing to have related party pay for company expenses. We cannot be certain that capital will be provided when it is required. Cash and Equivalents Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, are cash and cash equivalents. Cash and cash equivalents include cash in hand and cash in time deposits, certificates of deposits and all highly liquid debt instruments with original maturities of three months or less. Inventory Inventory is carried at the lower of cost and estimated net realizable value, with cost being determined using the first-in, first-out (FIFO) method. The Company establishes reserves for estimated excess and obsolete inventory equal to the difference between the cost of inventory and estimated net realizable value of the inventory based on estimated reserve percentage, which considers historical usage, known trends, inventory age and market conditions. When the Company disposes excess and obsolete inventories, the related disposals are charged against the inventory reserve. See Note 2 for additional information. Lease Commitments The Company has no lease commitments. The Company leases a storage facility with terms of month to month for its products. Fair Value of Financial Instruments The Company recognized the fair value of financial instruments in accordance with FASB ASC 820, Fair Value Measurements and Disclosures, “Fair Value Measurements”, which provides a framework for measuring fair value under GAAP. Fair value is defined 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. The standard also expands disclosures about instruments measured at fair value and 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. The standard describes three levels of inputs that may be used to measure fair value: Level 1 - Quoted prices for identical assets and liabilities in active markets; Level 2 - Quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and Level 3 - Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Cash reported on the balance sheet is estimated by management to approximate fair market value due to their short-term nature. The Company has had no transfers between levels of its assets or liabilities as of June 30, 2021. Revenue Recognition The Company recognizes revenue in accordance with generally accepted accounting principles as outlined in the Financial Accounting Standard Board’s (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue From Contracts with Customers, which consists of five steps to evaluating contracts with customers for revenue recognition: (i) identify the contract with the customer; (ii) identity the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price; and (v) recognize revenue when or as the entity satisfied a performance obligation. Revenue recognition occurs at the time we satisfy a performance obligation to our customers, when control transfers to customers upon shipment, provided there are no material remaining performance obligations required of the Company or any matters of customer acceptance. We only record revenue when collectability is probable. The Company provides quality merchandise through our online store in the United States of America. Due to COVID-19 pandemic, the Company is focusing on providing disposable face masks and KN-95 face masks at affordable price. The customers order and pay the products through our online store, when the Company confirms the order and payment, the Company delivers the product through common carriers, at which point the Company recognizes the revenue, as this is when our performance obligation is satisfied. The Company records actual sales returns when the customers return the products. The transaction price has not been affected by returns based on the Company not having significant returns. As the date of filing, the Company has not recognized any convention services revenue. For the years ended June 30, 2021 and 2020, the Company recognized $47,172 and $26,871 in revenue, respectively. Income Taxes The Company accounts for income taxes under an asset and liability approach. This process involves calculating the temporary and permanent differences between the carrying amounts of the assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The temporary differences result in deferred tax assets and liabilities, which would be recorded on the Company’s balance sheet in accordance with ASC 740, which established financial accounting and reporting standards for the effect of income taxes. The Company must assess the likelihood that its deferred tax assets will be recovered from future taxable income and, to the extent the Company believes that recovery is not likely, the Company must establish a valuation allowance. Changes in the Company’s valuation allowance in a period are recorded through the income tax provision on the statements of operations. ASC 740-10 clarifies the accounting for uncertainty in income taxes recognized in an entity’s financial statements and prescribes a recognition threshold and measurement attributes for financial statement disclosure of tax positions taken or expected to be taken on a tax return. Under ASC 740-10, the impact of an uncertain income tax position on the income tax return must be recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Additionally, ASC 740-10 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As a result of the implementation of ASC 740-10, the Company recognized no material adjustment in the liability for unrecognized income tax benefits. Earnings per Share Basic earnings per share (“EPS”) are determined by dividing the net earnings by the weighted-average number of shares of common shares outstanding during the period. Diluted EPS is determined by dividing net earnings by the weighted average number of common shares used in the basic EPS calculation plus the number of common shares that would be issued assuming conversion of all potentially dilutive securities outstanding under the treasury stock method. As of June 30, 2021, there were 211,195,000 potentially dilutive shares that need to be considered as common share equivalents and because of the net loss, the effect of these potential common shares is anti-dilutive. Recent Accounting Pronouncements The Company does not expect the adoption of recently issued accounting pronouncements to have a potential impact on the Company’s results of operations, financial position or cash flow.

INVENTORY DISCLOSURE

INVENTORY DISCLOSURE	12 Months Ended
	Jun. 30, 2021
Notes
INVENTORY DISCLOSURE	NOTE 2 - INVENTORY As of June 30, 2021 and 2020, the value of inventory was $8,341 and $45,122, respectively. Inventory reserves are established for estimated excess and obsolete inventory equal to the difference between the cost of the inventory and the estimated net realizable value of the inventory on estimated reserve percentage, which consider historical usage, known trends, inventory age and market conditions. As of June 30, 2021 and 2020, Inventory reserve was $1,472 and $6,446, respectively. June 30, 2021 June 30, 2020 Disinfectant Wipes $ - $ 151 Disposable Face Masks 3,179 39,334 KN-95 Masks 6,634 12,083 Total Inventory 9,813 51,568 Less: Inventory Reserve (1,472) (6,446) Inventory, net $ 8,341 $ 45,122

NOTES PAYABLE - RELATED PARTY D

NOTES PAYABLE - RELATED PARTY DISCLOSURE	12 Months Ended
	Jun. 30, 2021
Notes
NOTES PAYABLE - RELATED PARTY DISCLOSURE	NOTE 3 - NOTES PAYABLE - RELATED PARTY On April 27, 2020, the Company executed a promissory note with a related party for $35,000. The note bears interest at 10% per annum and is due in two business days after demand for payment. As of June 30, 2021, the principal balance is $35,000 and accrued interest is $4,114. The interest expense for the year ended June 30, 2021 was $3,500. On December 30, 2020, the Company executed a promissory note with a related party for cash proceeds of $30,000. The note bears interest at 10% per annum and is due in two business days after demand for payment. As of June 30, 2021, the principal balance is $30,000 and accrued interest is $1,496. The interest expense for the year ended June 30, 2021 was $1,496.

CONVERTIBLE DEBT - RELATED PART

CONVERTIBLE DEBT - RELATED PARTY DISCLOSURE	12 Months Ended
	Jun. 30, 2021
Notes
CONVERTIBLE DEBT - RELATED PARTY DISCLOSURE	NOTE 4 - CONVERTIBLE DEBT - RELATED PARTY On April 20, 2020, the Company executed a convertible promissory note with a related party for $10,000. The note bears interest at 10% per annum and is due in two business days after demand for payment. This note is convertible at $0.001 per common share and can be converted by Notice of Conversion at the option of the holder. As of June 30, 2021, the principal balance is $10,000 and accrued interest is $1,195. The interest expense for the year ended June 30, 2021 was $1,000.

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT) DISCLOSURE	12 Months Ended
	Jun. 30, 2021
Notes
STOCKHOLDERS' EQUITY (DEFICIT) DISCLOSURE	NOTE 5 - STOCKHOLDERS’ EQUITY (DEFICIT) The Company is authorized to issue 475,000,000 shares of its $0.0001 par value common stock and 25,000,000 shares of its $0.0001 par value preferred stock. The Series A convertible preferred stock has a liquidation preference of $0.10 per share, have super voting rights of 100 votes per share, and each share of Series A may be converted into 100 shares of common stock. The preferred shares authorized was increased during the year. Preferred Stock On April 16, 2020, the Company issued 2,000,000 preferred shares to a related party in exchange for cash proceeds of $2,000. During the year ended June 30, 2021, there were no issuances of preferred stock. Common Stock On April 16, 2020, the Company issued 26,000,000 common shares to a related party in exchange for cash proceeds of $13,000. On May 1, 2020, the Company issued 3,000,000 common shares to a related party in exchange for stock subscriptions receivable of $1,500. The funds were received in 2021. On May 20, 2021, the Company issued 800,000 common shares to investors for cash of $39,977.

COMMITMENTS AND CONTINGENCIES D

COMMITMENTS AND CONTINGENCIES DISCLOSURE	12 Months Ended
	Jun. 30, 2021
Notes
COMMITMENTS AND CONTINGENCIES DISCLOSURE	NOTE 6 - COMMITMENTS AND CONTINGENCIES As of June 30, 2021 and 2020, the Company did not have any known commitments or contingencies. Legal matter contingencies The Company believes, based on current knowledge and after consultation with counsel, that it is not currently party to any material pending proceedings, individually or in the aggregate, the resolution of which would have a material effect on the Company. Provisions for losses are established in accordance with ASC 450, “Contingencies” when warranted. Once established, such provisions are adjusted when there is more information available about an event occurs requiring a change.

Income Tax Disclosure

Income Tax Disclosure	12 Months Ended
	Jun. 30, 2021
Notes
Income Tax Disclosure	NOTE 7 - INCOME TAXES The provision for income taxes on the statements of operations consists of $0 and $0 for the years ended June 30, 2021 and 2020. Deferred tax assets are comprised of the following at June 30: 2021 2020 Net operating loss carryforward $ 14,539 $ 1,595 Temporary differences - - Less: Valuation allowance (14,539) (1,595) Deferred tax asset, net $ - $ - Deferred taxes arise from temporary differences in the recognition of certain expenses for tax and financial reporting purposes. At June 30, 2021 and 2020, management determined that realization of these benefits is not assured and has provided a valuation allowance for the entire amount of such benefits. At June 30, 2021 and 2020, net operating loss carry forwards were approximately $19,921 and $7,593, respectively, for federal tax purposes that expire at various dates through 2040. Utilization of net operating loss carry forwards may be subject to substantial annual limitations due to the “change in ownership” provisions of the Internal Revenue Code of 1986, as amended, and similar state regulations. The annual limitation may result in the expiration of substantial net operating loss carry forwards before utilization. For June 30, 2021, the provision for income taxes differs from the amount computed by applying the U.S. federal statutory tax rate (21% in 2020) to income taxes as follows: 2021 2020 Tax benefit computed at 21% $ - $ - Change in valuation allowance 14,539 12,944 Change in carryovers and tax attributes (14,539) (12,944) Income tax provision $ - $ -

RELATED PARTY TRANSACTIONS DISC

RELATED PARTY TRANSACTIONS DISCLOSURE	12 Months Ended
	Jun. 30, 2021
Notes
RELATED PARTY TRANSACTIONS DISCLOSURE	NOTE 8 - RELATED PARTY TRANSACTIONS During year ended June 30, 2021, the Company officer paid $2,992 of expenses on behalf of the Company and demanded repayment of $10,648 leaving a balance due to related party of $18,066 as of June 30, 2021. As of June 30, 2021, the balance of accounts payable and accrued expenses due to a related party was $24,870. The Company has a note payable and convertible note payable with a related party, see Notes 3 and 4 for further discussion.

SUBSEQUENT EVENTS DISCLOSURE

SUBSEQUENT EVENTS DISCLOSURE	12 Months Ended
	Jun. 30, 2021
Notes
SUBSEQUENT EVENTS DISCLOSURE	NOTE 9 - SUBSEQUENT EVENTS In accordance with ASC 855-10, the Company has analyzed its operations subsequent to June 30, 2021 to the date these financial statements were issued, and there were no other material subsequent events to disclose in these financial statements.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies: Basis of Accounting, Policy (Policies)	12 Months Ended
	Jun. 30, 2021
Policies
Basis of Accounting, Policy	Basis of Presentation The financial statements presented in this report are of KeyStar Corp. The Company maintains its accounting records on accrual basis in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The financial statement presents the Balance Sheet, Statement of Operations, Stockholders’ Equity and Cash Flows of the Company. These financial statements are presented in United States dollars. The accompanying financial statements have been prepared in accordance with U.S. GAAP.

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies: Fiscal Period, Policy (Policies)	12 Months Ended
	Jun. 30, 2021
Policies
Fiscal Period, Policy	Year End The Company’s year-end is June 30.

Organization and Summary of S_4

Organization and Summary of Significant Accounting Policies: Use of Estimates, Policy (Policies)	12 Months Ended
	Jun. 30, 2021
Policies
Use of Estimates, Policy	Use of Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.

Organization and Summary of S_5

Organization and Summary of Significant Accounting Policies: Cash and Cash Equivalents, Policy (Policies)	12 Months Ended
	Jun. 30, 2021
Policies
Cash and Cash Equivalents, Policy	Cash and Equivalents Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, are cash and cash equivalents. Cash and cash equivalents include cash in hand and cash in time deposits, certificates of deposits and all highly liquid debt instruments with original maturities of three months or less.

Organization and Summary of S_6

Organization and Summary of Significant Accounting Policies: Inventory, Policy (Policies)	12 Months Ended
	Jun. 30, 2021
Policies
Inventory, Policy	Inventory Inventory is carried at the lower of cost and estimated net realizable value, with cost being determined using the first-in, first-out (FIFO) method. The Company establishes reserves for estimated excess and obsolete inventory equal to the difference between the cost of inventory and estimated net realizable value of the inventory based on estimated reserve percentage, which considers historical usage, known trends, inventory age and market conditions. When the Company disposes excess and obsolete inventories, the related disposals are charged against the inventory reserve. See Note 2 for additional information.

Organization and Summary of S_7

Organization and Summary of Significant Accounting Policies: Lease Commitments, Policy (Policies)	12 Months Ended
	Jun. 30, 2021
Policies
Lease Commitments, Policy	Lease Commitments The Company has no lease commitments. The Company leases a storage facility with terms of month to month for its products.

Organization and Summary of S_8

Organization and Summary of Significant Accounting Policies: Fair Value of Financial Instruments, Policy (Policies)	12 Months Ended
	Jun. 30, 2021
Policies
Fair Value of Financial Instruments, Policy	Fair Value of Financial Instruments The Company recognized the fair value of financial instruments in accordance with FASB ASC 820, Fair Value Measurements and Disclosures, “Fair Value Measurements”, which provides a framework for measuring fair value under GAAP. Fair value is defined 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. The standard also expands disclosures about instruments measured at fair value and 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. The standard describes three levels of inputs that may be used to measure fair value: Level 1 - Quoted prices for identical assets and liabilities in active markets; Level 2 - Quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and Level 3 - Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Cash reported on the balance sheet is estimated by management to approximate fair market value due to their short-term nature. The Company has had no transfers between levels of its assets or liabilities as of June 30, 2021.

Organization and Summary of S_9

Organization and Summary of Significant Accounting Policies: Revenue Recognition, Policy (Policies)	12 Months Ended
	Jun. 30, 2021
Policies
Revenue Recognition, Policy	Revenue Recognition The Company recognizes revenue in accordance with generally accepted accounting principles as outlined in the Financial Accounting Standard Board’s (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue From Contracts with Customers, which consists of five steps to evaluating contracts with customers for revenue recognition: (i) identify the contract with the customer; (ii) identity the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price; and (v) recognize revenue when or as the entity satisfied a performance obligation. Revenue recognition occurs at the time we satisfy a performance obligation to our customers, when control transfers to customers upon shipment, provided there are no material remaining performance obligations required of the Company or any matters of customer acceptance. We only record revenue when collectability is probable. The Company provides quality merchandise through our online store in the United States of America. Due to COVID-19 pandemic, the Company is focusing on providing disposable face masks and KN-95 face masks at affordable price. The customers order and pay the products through our online store, when the Company confirms the order and payment, the Company delivers the product through common carriers, at which point the Company recognizes the revenue, as this is when our performance obligation is satisfied. The Company records actual sales returns when the customers return the products. The transaction price has not been affected by returns based on the Company not having significant returns. As the date of filing, the Company has not recognized any convention services revenue. For the years ended June 30, 2021 and 2020, the Company recognized $47,172 and $26,871 in revenue, respectively.

Organization and Summary of _10

Organization and Summary of Significant Accounting Policies: Income Tax, Policy (Policies)	12 Months Ended
	Jun. 30, 2021
Policies
Income Tax, Policy	Income Taxes The Company accounts for income taxes under an asset and liability approach. This process involves calculating the temporary and permanent differences between the carrying amounts of the assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The temporary differences result in deferred tax assets and liabilities, which would be recorded on the Company’s balance sheet in accordance with ASC 740, which established financial accounting and reporting standards for the effect of income taxes. The Company must assess the likelihood that its deferred tax assets will be recovered from future taxable income and, to the extent the Company believes that recovery is not likely, the Company must establish a valuation allowance. Changes in the Company’s valuation allowance in a period are recorded through the income tax provision on the statements of operations. ASC 740-10 clarifies the accounting for uncertainty in income taxes recognized in an entity’s financial statements and prescribes a recognition threshold and measurement attributes for financial statement disclosure of tax positions taken or expected to be taken on a tax return. Under ASC 740-10, the impact of an uncertain income tax position on the income tax return must be recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Additionally, ASC 740-10 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As a result of the implementation of ASC 740-10, the Company recognized no material adjustment in the liability for unrecognized income tax benefits.

Organization and Summary of _11

Organization and Summary of Significant Accounting Policies: Earnings Per Share, Policy (Policies)	12 Months Ended
	Jun. 30, 2021
Policies
Earnings Per Share, Policy	Earnings per Share Basic earnings per share (“EPS”) are determined by dividing the net earnings by the weighted-average number of shares of common shares outstanding during the period. Diluted EPS is determined by dividing net earnings by the weighted average number of common shares used in the basic EPS calculation plus the number of common shares that would be issued assuming conversion of all potentially dilutive securities outstanding under the treasury stock method. As of June 30, 2021, there were 211,195,000 potentially dilutive shares that need to be considered as common share equivalents and because of the net loss, the effect of these potential common shares is anti-dilutive.

Organization and Summary of _12

Organization and Summary of Significant Accounting Policies: New Accounting Pronouncements, Policy (Policies)	12 Months Ended
	Jun. 30, 2021
Policies
New Accounting Pronouncements, Policy	Recent Accounting Pronouncements The Company does not expect the adoption of recently issued accounting pronouncements to have a potential impact on the Company’s results of operations, financial position or cash flow.

INVENTORY DISCLOSURE_ Schedule

INVENTORY DISCLOSURE: Schedule of Inventory, Current (Tables)	12 Months Ended
	Jun. 30, 2021
Tables/Schedules
Schedule of Inventory, Current	June 30, 2021 June 30, 2020 Disinfectant Wipes $ - $ 151 Disposable Face Masks 3,179 39,334 KN-95 Masks 6,634 12,083 Total Inventory 9,813 51,568 Less: Inventory Reserve (1,472) (6,446) Inventory, net $ 8,341 $ 45,122

Income Tax Disclosure_ Schedule

Income Tax Disclosure: Schedule of Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Jun. 30, 2021
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities	2021 2020 Net operating loss carryforward $ 14,539 $ 1,595 Temporary differences - - Less: Valuation allowance (14,539) (1,595) Deferred tax asset, net $ - $ -

Income Tax Disclosure_ Schedu_2

Income Tax Disclosure: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Jun. 30, 2021
Tables/Schedules
Schedule of Effective Income Tax Rate Reconciliation	2021 2020 Tax benefit computed at 21% $ - $ - Change in valuation allowance 14,539 12,944 Change in carryovers and tax attributes (14,539) (12,944) Income tax provision $ - $ -

Organization and Summary of _13

Organization and Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Details
Accumulated deficit	$ 59,231	$ 7,593
Net loss	51,638	7,593
Net cash from operating activities	$ 10,182	$ 22,082

Organization and Summary of _14

Organization and Summary of Significant Accounting Policies: Earnings Per Share, Policy (Details)	12 Months Ended
	Jun. 30, 2021shares
Details
Potentially dilutive shares	211,195,000

INVENTORY DISCLOSURE (Details)

INVENTORY DISCLOSURE (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Details
Inventory, net	$ 8,341	$ 45,122
Inventory reserves	$ 1,472	$ 6,446

INVENTORY DISCLOSURE_ Schedul_2

INVENTORY DISCLOSURE: Schedule of Inventory, Current (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Inventory, gross	$ 9,813	$ 51,568
Inventory reserves	(1,472)	(6,446)
Inventory, net	8,341	45,122
Disinfectant Wipes
Inventory, gross	0	151
Disposable Face Masks
Inventory, gross	3,179	39,334
KN-95 Face Masks
Inventory, gross	$ 6,634	$ 12,083

NOTES PAYABLE - RELATED PARTY_2

NOTES PAYABLE - RELATED PARTY DISCLOSURE (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Proceeds from notes payable, related party	$ 30,000	$ 35,000
Interest rate per annum	10.00%	10.00%
Notes payable - related party	$ 65,000	$ 35,000
April 27, 2020 Promissory Note
Notes payable - related party	35,000
Accrued interest payable - related party	4,114
Interest expense	3,500
Dec 30, 2020 Promissory Note
Notes payable - related party	30,000
Accrued interest payable - related party	1,496
Interest expense	$ 1,496

CONVERTIBLE DEBT - RELATED PA_2

CONVERTIBLE DEBT - RELATED PARTY DISCLOSURE (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Proceeds from convertible debt	$ 0	$ 10,000
Interest rate per annum	10.00%	10.00%
Conversion price		$ 0.001
Convertible debt - related party	$ 10,000	$ 10,000
April 20, 2020 Convertible Note
Accrued interest payable - related party	1,195
Interest expense	$ 1,000

STOCKHOLDERS' EQUITY (DEFICIT_2

STOCKHOLDERS' EQUITY (DEFICIT) DISCLOSURE (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Common stock shares authorized	475,000,000	475,000,000
Common stock par value	$ 0.0001	$ 0.0001
Preferred stock shares authorized	25,000,000	25,000,000
Preferred stock par value	$ 0.0001	$ 0.0001
Preferred stock liquidation preference	$ 0.10
Amount of common stock that each preferred can be converted to	100
Preferred stock issued, shares		2,000,000
Preferred stock issued, value		$ 2,000
Common stock issued, value	$ 39,977	$ 13,000
Cash received in satisfaction of subscriptions receivable	1,500
Stock issued for cash - April 16, 2020
Common stock issued, shares		26,000,000
Common stock issued, value		$ 13,000
Stock issued for cash - May 1, 2020
Common stock issued, shares		3,000,000
Cash received in satisfaction of subscriptions receivable	$ 1,500
Stock issued for cash - May 20, 2021
Common stock issued, shares	800,000
Common stock issued, value	$ 39,977

Income Tax Disclosure_ Schedu_3

Income Tax Disclosure: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Details
Net operating loss carryforward	$ 14,539	$ 1,595
Less: Valuation allowance	(14,539)	(1,595)
Net deferred tax assets	$ 0	$ 0

Income Tax Disclosure (Details)

Income Tax Disclosure (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Details
Net operating losses which may be carried forward	$ 19,921	$ 7,593

Income Tax Disclosure_ Schedu_4

Income Tax Disclosure: Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Details
Tax benefit computed at 21%	$ 0	$ 0
Change in valuation allowance	14,539	12,944
Change in carryovers and tax attributes	(14,539)	(12,944)
Income tax provision	$ 0	$ 0

RELATED PARTY TRANSACTIONS DI_2

RELATED PARTY TRANSACTIONS DISCLOSURE (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Expenses paid on behalf of the company by related party	$ 2,992	$ 20,596
Repayment of amounts due to related party	10,648	0
Notes payable - related party	65,000	35,000
Accounts payable and accrued expenses - related party	24,870	$ 26,529
Officer
Notes payable - related party	$ 18,066