Cover
Cover - shares | 9 Months Ended | |
Sep. 30, 2022 | Nov. 09, 2022 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Sep. 30, 2022 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2022 | |
Current Fiscal Year End Date | --12-31 | |
File Number | 333-256118 | |
Registrant Name | GO GO BUYERS, INC. | |
Entity Central Index Key | 0001842563 | |
Tax Identification Number | 36-4919249 | |
Incorporation State | NV | |
Address Line1 | №474, village 3, sangkat 3 | |
Address City | ihanoukville | |
Address Country | KH | |
Address Postal Zip Code | 18203 | |
City Area Code | 530 | |
Local Phone Number | 5394950 | |
Current Reporting Status | Yes | |
Interactive Data Current | Yes | |
Filer Category | Non-accelerated Filer | |
Small Business | true | |
Emerging Growth Company | true | |
Elected Not To Use the Extended Transition Period | false | |
Shell Company | false | |
Common Stock Outstanding | 3,000,000 | |
Contact Email Address | paramount@gogobuyers.com |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
Current Assets | ||
Prepaid Expenses | $ 7,856 | $ 6,136 |
Total Current Assets | 7,856 | 6,136 |
Total Assets | 7,856 | 6,136 |
Liabilities | ||
Loan from director | 22,678 | 14,278 |
Total Liabilities | $ 22,678 | $ 14,278 |
Stockholder’s Equity | ||
Common Stock | $ 3,000 | $ 3,000 |
APIC | $ 3,186 | $ 1,371 |
Accumulated deficit | (21,008) | (13,144) |
Total Stockholder’s Equity | (14,822) | (8,142) |
Total Liabilities and Stockholder’s Equity | $ 7,856 | $ 6,136 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Income Statement [Abstract] | ||||
REVENUE: | ||||
OPERATING EXPENSES | ||||
General and Administrative Expenses | 537 | 538 | 1,862 | 1,862 |
Professional Fees | 2,397 | 4,817 | 3,300 | |
TOTAL OPERATING EXPENSES | 2,934 | 538 | 6,679 | 5,162 |
NET LOSS FROM OPERATIONS | (2,934) | (538) | (6,679) | (5,162) |
OTHER EXPENSES | ||||
Imputed interest | 449 | 1,184 | ||
TOTAL OTHER EXPENSE | 449 | 1,184 | ||
PROVISION FOR INCOME TAX | ||||
NET LOSS | $ (3,384) | $ (538) | $ (7,863) | $ (5,162) |
Net loss per common share - basic | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average number of common shares outstanding - basic | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 |
Statements of Stockholders' Equ
Statements of Stockholders' Equity - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance, shares | 3,000,000 | |||
Beginning balance, value at Dec. 31, 2020 | $ 3,000 | $ 1,371 | $ (7,056) | $ (2,685) |
Net Loss | (1,587) | (1,587) | ||
Ending balance, value at Mar. 31, 2021 | 3,000 | 1,371 | (8,643) | (4,272) |
Beginning balance, value at Dec. 31, 2020 | 3,000 | 1,371 | (7,056) | (2,685) |
Net Loss | 5,162 | |||
Net Loss | (5,162) | |||
Imputed interest | ||||
Ending balance, value at Sep. 30, 2021 | 3,000 | 1,371 | (12,239) | $ (7,848) |
Balance, shares | 3,000,000 | |||
Beginning balance, value at Mar. 31, 2021 | 3,000 | 1,371 | (8,643) | $ (4,272) |
Net Loss | (3,038) | (3,038) | ||
Ending balance, value at Jun. 30, 2021 | 3,000 | 1,371 | (11,681) | $ (7,310) |
Balance, shares | 3,000,000 | |||
Net Loss | $ 538 | |||
Net Loss | (538) | (538) | ||
Ending balance, value at Sep. 30, 2021 | 3,000 | 1,371 | (12,239) | $ (7,848) |
Balance, shares | 3,000,000 | |||
Balance, shares | 3,000,000 | |||
Beginning balance, value at Dec. 31, 2021 | 3,000 | 2,002 | (13,144) | $ (8,142) |
Net Loss | (1,150) | (1,150) | ||
Imputed interest | 341 | 341 | ||
Ending balance, value at Mar. 31, 2022 | 3,000 | 2,343 | (14,294) | (8,951) |
Beginning balance, value at Dec. 31, 2021 | 3,000 | 2,002 | (13,144) | (8,142) |
Net Loss | 7,863 | |||
Net Loss | (7,863) | |||
Imputed interest | 1,184 | |||
Ending balance, value at Sep. 30, 2022 | 3,000 | 3,186 | (21,008) | $ (14,822) |
Balance, shares | 3,000,000 | |||
Beginning balance, value at Mar. 31, 2022 | 3,000 | 2,343 | (14,294) | $ (8,951) |
Net Loss | (3,330) | (3,330) | ||
Imputed interest | 394 | 394 | ||
Ending balance, value at Jun. 30, 2022 | 3,000 | 2,737 | (17,624) | $ (11,887) |
Balance, shares | 3,000,000 | |||
Net Loss | $ 3,384 | |||
Net Loss | (3,384) | (3,384) | ||
Imputed interest | 449 | 449 | ||
Ending balance, value at Sep. 30, 2022 | $ 3,000 | $ 3,186 | $ (21,008) | $ (14,822) |
Balance, shares | 3,000,000 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
CASH FLOWS FROM OPERATING ACTIVITIES | |||||
Net Loss | $ (3,384) | $ (538) | $ (7,863) | $ (5,162) | |
Adjustments to reconcile net loss to net cash from operating activities: | |||||
Imputed interest | 449 | $ 341 | 1,184 | ||
Prepaid Expenses | (96) | (163) | |||
Prepaid Rent | (1,625) | 1,375 | |||
CASH FLOWS FROM OPERATING ACTIVITIES | (8,400) | (3,950) | |||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||
Loan from director | 8,400 | 3,950 | |||
CASH FLOWS FROM FINANCING ACTIVITIES | 8,400 | 3,950 | |||
NET CHANGE IN CASH | |||||
Cash, beginning of period | |||||
Cash, end of period |
ORGANIZATION AND NATURE OF BUSI
ORGANIZATION AND NATURE OF BUSINESS | 9 Months Ended |
Sep. 30, 2022 | |
Accounting Policies [Abstract] | |
ORGANIZATION AND NATURE OF BUSINESS | NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS Go Go Buyers (the “Company”) is a newly incorporated buyer matching company in Nevada on January 10, 2019. We aim to attract companies involved in retailing and resale business. We plan to offer them a convenient web platform that they can use for locating new customers and conducting operations with them. Small businesses will have an opportunity to represent their services in order to get direct or indirect orders from their target audience. The management of the Company considers our main service in assistance in deliveries for small companies. Apart from that we are planning to encourage individual travelers and buyers to use our website for their casual needs. |
GOING CONCERN
GOING CONCERN | 9 Months Ended |
Sep. 30, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 2 – GOING CONCERN The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”), which contemplate continuation of the Company as a going concern. The Company had no revenues from January 10, 2019 (inception) through September 30, 2022 and very limited cash. The Company currently has losses and has not completed its efforts to establish a stabilized source of revenue sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the next 5 years, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of 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. Risks and Uncertainties Management is currently evaluating the impact of the COVID-19 pandemic on the industry and has concluded that while it is reasonably possible that the virus could have a negative effect on the Company’s financial position, results of its operations, close of the Proposed Public Offering, and/or search for a target company, the specific impact is not readily determinable as of the date of these financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. 10 GO GO BUYERS NOTES TO THE UNAUDITED FINANCIAL STATEMENTS September 30, 2022 |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Sep. 30, 2022 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). The Company’s year-end is December 31. Emerging Growth Company Status The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. 11 GO GO BUYERS NOTES TO THE UNAUDITED FINANCIAL STATEMENTS September 30, 2022 Use of Estimates The preparation of financial statements in conformity with GAAP 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 amount 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. The Company did not have any cash equivalents as of September 30, 2022 and 2021. Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities approximates the carrying amounts represented in the accompanying balance sheet, primarily due to their short-term nature. Net Loss Per Common Share Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Weighted average shares were reduced for the effect of an aggregate of 3,000,000 shares of common stock that are subject to forfeiture if the over-allotment option is not exercised by the underwriters. As of September 30, 2022, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into common stock and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic loss per share for the period presented. Income Taxes The Company accounts for income taxes under ASC 740 Income Taxes (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized. ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement 12 GO GO BUYERS NOTES TO THE UNAUDITED FINANCIAL STATEMENTS September 30, 2022 process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim period, disclosure and transition. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of September 30, 2022. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company has identified the United States as its only “major” tax jurisdiction. The Company may be subject to potential examination by federal and state taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with federal and state tax laws. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. Recent Accounting Pronouncements Management does not believe that any recently issued, but not effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements. Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “ Revenue from Contracts with Customers 13 GO GO BUYERS NOTES TO THE UNAUDITED FINANCIAL STATEMENTS September 30, 2022 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. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Sep. 30, 2022 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 4 – RELATED PARTY TRANSACTIONS Founder Shares On October 25, 2019, the Company issued a total of 3,000,000 Loan Agreement – Related Party The Company’s sole director and founder has loaned to the Company $ 22,678 8,189 On October 25, 2020, the Company entered into a Verbal Agreement with its President, Mr. Sna Ny, pursuant to which he agreed to provide financing to the Company with total amount not exceeding $50,000. The loan is to be used for a portion of the expenses of this offering. This loan is non-interest bearing and does not have a due date. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Sep. 30, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 5 – COMMITMENTS AND CONTINGENCIES The Company may be a 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. 14 GO GO BUYERS NOTES TO THE UNAUDITED FINANCIAL STATEMENTS September 30, 2022 |
INCOME TAXES
INCOME TAXES | 9 Months Ended |
Sep. 30, 2022 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 6 – INCOME TAXES As of September 30, 2022, the Company had net operating loss carry forwards of approximately $ 21,008 The valuation allowance at September 30, 2022 was approximately $ 4,412 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 deferred income tax asset balances to warrant the application of a full valuation allowance as of September 30, 2022. All tax years since inception remain open for examination by taxing authorities. |
STOCKHOLDERS_ EQUITY
STOCKHOLDERS’ EQUITY | 9 Months Ended |
Sep. 30, 2022 | |
Equity [Abstract] | |
STOCKHOLDERS’ EQUITY | NOTE 7 — STOCKHOLDERS’ EQUITY Preferred Stock Common Stock 75,000,000 3,000 Warrants |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Sep. 30, 2022 | |
Accounting Policies [Abstract] | |
SUBSEQUENT EVENTS | NOTE 8 — SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements. 15 GO GO BUYERS NOTES TO THE UNAUDITED FINANCIAL STATEMENTS September 30, 2022 On November 2, 2022, the Company announced the departure of Sna Ny from the positions of the Company’s President, Treasurer, and Secretary, effective November 2, 2022. Mr. Ny will continue to serve as the Company’s second Director. On November 2, 2022, the Company announced the appointment of Arturas Saladzius as the Company’s President, Treasurer, Secretary, and Director, effective upon Mr. Ny’s departure as of November 2, 2022. Background From 1991 to 2002, Mr. Saladzius served as a Director and President of 21st Century Today, Inc. and Prince Investment Corporation, US companies engaged in real estate and international trading, coordination, and maintenance of international trade and transport contracts. From 2002 to 2013, Mr. Saladzius held the positions of Director and Vice President at Pole Petroleum (S) Pte. Ltd., Petropool (S) Pte. Ltd., and Riverlake Energy (S) Pte. Ltd. Mr. Saladzius has over 10 years of experience in the preparation and coordination of investment and development projects, negotiations, and consultations. Mr. Saladzius has extensive knowledge in the field of real estate trade and international trade. Mr. Saladzius holds a Master's degree in International Maritime Law from M. Romeris University Faculty of Law. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Sep. 30, 2022 | |
Accounting Policies [Abstract] | |
Basis of presentation | Basis of presentation The accompanying financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). The Company’s year-end is December 31. |
Emerging Growth Company Status | Emerging Growth Company Status The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. 11 GO GO BUYERS NOTES TO THE UNAUDITED FINANCIAL STATEMENTS September 30, 2022 |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with GAAP 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 amount 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. The Company did not have any cash equivalents as of September 30, 2022 and 2021. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities approximates the carrying amounts represented in the accompanying balance sheet, primarily due to their short-term nature. |
Net Loss Per Common Share | Net Loss Per Common Share Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Weighted average shares were reduced for the effect of an aggregate of 3,000,000 shares of common stock that are subject to forfeiture if the over-allotment option is not exercised by the underwriters. As of September 30, 2022, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into common stock and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic loss per share for the period presented. |
Income Taxes | Income Taxes The Company accounts for income taxes under ASC 740 Income Taxes (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized. ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement 12 GO GO BUYERS NOTES TO THE UNAUDITED FINANCIAL STATEMENTS September 30, 2022 process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim period, disclosure and transition. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of September 30, 2022. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company has identified the United States as its only “major” tax jurisdiction. The Company may be subject to potential examination by federal and state taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with federal and state tax laws. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. |
Concentration of Credit Risk | Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements Management does not believe that any recently issued, but not effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements. |
Revenue Recognition | Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “ Revenue from Contracts with Customers 13 GO GO BUYERS NOTES TO THE UNAUDITED FINANCIAL STATEMENTS September 30, 2022 An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the performance obligations in the contract. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) | 12 Months Ended |
Sep. 30, 2022 | |
Accounting Policies [Abstract] | |
The Company did not have any cash equivalents as of September 30, 2022 and 2021. | The Company did not have any cash equivalents as of September 30, 2022 and 2021. |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 9 Months Ended | |
Sep. 30, 2022 | Sep. 30, 2021 | |
Related Party Transactions [Abstract] | ||
restricted common stock | 3,000,000 | |
sole director and founder has loaned | $ 22,678 | $ 8,189 |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) | Sep. 30, 2022 USD ($) |
Income Tax Disclosure [Abstract] | |
net operating loss carry forwards | $ 21,008 |
valuation allowance | $ 4,412 |
STOCKHOLDERS_ EQUITY (Details N
STOCKHOLDERS’ EQUITY (Details Narrative) | 9 Months Ended |
Sep. 30, 2022 USD ($) shares | |
Equity [Abstract] | |
he Company is authorized to issue a total of 75,000,000 shares | shares | 75,000,000 |
Company issued 3,000,000 common shares to its founder, President, Treasurer, Secretary and Director | $ | $ 3,000 |