Cover
Cover | 6 Months Ended |
Nov. 30, 2021shares | |
Cover [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Quarterly Report | true |
Document Transition Report | false |
Document Period End Date | Nov. 30, 2021 |
Document Fiscal Period Focus | Q2 |
Document Fiscal Year Focus | 2022 |
Current Fiscal Year End Date | --05-31 |
Entity File Number | 333-257813 |
Entity Registrant Name | LINKTORY INC. |
Entity Central Index Key | 0001867956 |
Entity Tax Identification Number | 98-1594163 |
Entity Incorporation, State or Country Code | NV |
Entity Address, Address Line One | Bulevardi Deshmoret e Kombit, Twin Tower |
Entity Address, City or Town | Tirana |
Entity Address, Country | AL |
Entity Address, Postal Zip Code | 1001 |
City Area Code | 702 |
Local Phone Number | 6604903 |
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 |
Elected Not To Use the Extended Transition Period | true |
Entity Shell Company | false |
Entity Common Stock, Shares Outstanding | 3,800,000 |
Condensed Balance Sheets (Unaud
Condensed Balance Sheets (Unaudited) - USD ($) | Nov. 30, 2021 | May 31, 2021 |
Current Assets | ||
Escrow account | $ 3,000 | $ 0 |
Total Current Assets | 3,000 | 0 |
Non-Current Assets | ||
Fixed assets (net) | 0 | 0 |
Intangible Assets (net) | 13,500 | 15,000 |
Total Non-Current Assets | 13,500 | 15,000 |
Total Assets | 16,500 | 15,000 |
Current Liabilities | ||
Accounts payable | 19,900 | 15,700 |
Related party loans | 12,173 | 923 |
Total Current Liabilities | 32,073 | 16,623 |
Stockholders’ Deficit | ||
Common stock, par value $0.0001; 75,000,000 shares authorized, 3,800,000 and 3,500,000 shares issued and outstanding respectively; | 380 | 350 |
Additional Paid-in Capital | 2,970 | 0 |
Accumulated profits/ (deficit) | (18,923) | (1,973) |
Total Stockholders’ Equity | (15,573) | (1,623) |
Total Liabilities and Stockholders’ Equity | $ 16,500 | $ 15,000 |
Condensed Statement of Operatio
Condensed Statement of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended |
Nov. 30, 2021 | Nov. 30, 2021 | |
Income Statement [Abstract] | ||
REVENUES | $ 0 | $ 0 |
OPERATING EXPENSES | ||
General and Administrative Expenses | 6,298 | 16,950 |
TOTAL OPERATING EXPENSES | 6,298 | 16,950 |
NET INCOME (LOSS) FROM OPERATIONS | (6,298) | (16,950) |
INCOME (LOSS) BEFORE TAXES | (6,298) | (16,950) |
PROVISION FOR INCOME TAXES | 0 | 0 |
NET INCOME (LOSS) FOR THE PERIOD | $ (6,298) | $ (16,950) |
NET LOSS PER SHARE: BASIC AND DILUTED | $ 0 | $ 0 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED | 3,487,706 | 3,500,000 |
Statement of Stockholders' Equi
Statement of Stockholders' Equity (Deficit) (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Mar. 31, 2021 | ||||
Shares, Outstanding, Beginning Balance at Mar. 31, 2021 | 0 | |||
Sale of common stock at $0.0001 per share on April 2, 2021 | $ 350 | 350 | ||
Stock Issued During Period, Shares, New Issues | 3,500,000 | |||
Net loss | (1,973) | (1,973) | ||
Ending balance, value at May. 31, 2021 | $ 350 | (1,973) | (1,623) | |
Shares, Outstanding, Ending Balance at May. 31, 2021 | 3,500,000 | |||
Net loss | (10,652) | (10,652) | ||
Ending balance, value at Aug. 31, 2021 | $ 350 | (12,625) | (12,275) | |
Shares, Outstanding, Ending Balance at Aug. 31, 2021 | 3,500,000 | |||
Beginning balance, value at May. 31, 2021 | $ 350 | (1,973) | (1,623) | |
Shares, Outstanding, Beginning Balance at May. 31, 2021 | 3,500,000 | |||
Net loss | (16,950) | |||
Ending balance, value at Nov. 30, 2021 | $ 380 | 2,970 | (18,923) | (15,573) |
Shares, Outstanding, Ending Balance at Nov. 30, 2021 | 3,800,000 | |||
Beginning balance, value at Aug. 31, 2021 | $ 350 | (12,625) | (12,275) | |
Shares, Outstanding, Beginning Balance at Aug. 31, 2021 | 3,500,000 | |||
Stock Issued During Period, Shares, New Issues | 300,000 | |||
Net loss | (6,298) | (6,298) | ||
Sale of common stock at $0.01 per share as of November 30, 2021 | 30 | 2,970 | 3,000 | |
Ending balance, value at Nov. 30, 2021 | $ 380 | $ 2,970 | $ (18,923) | $ (15,573) |
Shares, Outstanding, Ending Balance at Nov. 30, 2021 | 3,800,000 |
Statement of Stockholders' Eq_2
Statement of Stockholders' Equity (Deficit) (Unaudited) (Parenthetical) | 2 Months Ended |
May 31, 2021USD ($) | |
Statement of Stockholders' Equity [Abstract] | |
Sale of common stock | $ 350 |
Condensed Statement of Cash Flo
Condensed Statement of Cash Flows (Unaudited) | 6 Months Ended |
Nov. 30, 2021USD ($) | |
CASH FLOWS FROM OPERATING ACTIVITIES | |
Net income (loss) for the period | $ (16,950) |
Adjustments to reconcile net loss to net cash (used in) operating activities | |
Amortization of intangible assets | 1,500 |
Changes in Current assets & liabilities | |
Accounts Payable | 4,200 |
CASH FLOWS GENERATED FROM OPERATING ACTIVITIES | (11,250) |
CASH FLOWS FROM FINANCING ACTIVITIES | |
Proceeds from sale of common stock | 3,000 |
Related Party Loans | 11,250 |
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | 14,250 |
NET INCREASE/ DECREASE IN CASH | 3,000 |
Cash, beginning of period | 0 |
Cash, end of period | 3,000 |
SUPPLEMENTAL CASH FLOW INFORMATION: | |
Interest paid | 0 |
Income taxes paid | $ 0 |
ORGANIZATION AND NATURE OF BUSI
ORGANIZATION AND NATURE OF BUSINESS | 6 Months Ended |
Nov. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND NATURE OF BUSINESS | Note 1 – ORGANIZATION AND NATURE OF BUSINESS Linktory Inc. was incorporated in the State of Nevada on . Our company is a new venture, Our principal place of business is located Bulevardi Deshmoret e Kombit, Twin Tower, Tirana, Albania 1001 is provided to us on a rent -free basis by our sole officer and director. Our telephone number is +17026604903. |
GOING CONCERN
GOING CONCERN | 6 Months Ended |
Nov. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | Note 2 – GOING CONCERN The accompanying financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”), which contemplate continuation of the Company as a going concern. The Company has an accumulated deficit of $18,923 and negative working capital $ 29,073 |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Nov. 30, 2021 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | Note 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying financial statements have been prepared in accordance with the rules and regulations (Regulation S-X) of the Securities and Exchange Commission (the “SEC”). In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations indicative of the operating results that may be expected for the year from Inception on March 31, 2021 ended November 30, 2021. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Fair Value of Financial Instruments Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820 "Fair Value Measurement" defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standards apply to recurring and nonrecurring fair value measurements of financial and non-financial assets and liabilities. The Company determines the fair values of its assets and liabilities based on a fair value hierarchy that includes three levels of inputs that may be used to measure fair value. For The three levels are defined as follows: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. Due to its short-term nature, the carrying value of receivables, accounts payable, and advances approximated fair value at November 30, 2021. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Long-Lived Assets – Intangible Assets We account for our intangible assets in accordance with ASC Subtopic 350-30, General Intangibles Other Than Goodwill, and ASC Subtopic 360-10-05, Accounting for the Impairment or Disposal of Long-Lived Assets. ASC Subtopic 350-30 requires assets to be measured based on the fair value of the consideration given or the fair value of the assets (or net assets) acquired, whichever is more clearly evident and, thus, more reliably measurable. Further, ASC Subtopic 350-30 requires an intangible asset to be amortized over its useful life and for the useful life to be evaluated every reporting period to determine whether events or circumstances warrant a revision to the remaining period of amortization. If the estimate of useful life is changed the remaining carrying amount of the intangible asset is amortized prospectively over the revised remaining useful life. Costs of internally developing, maintaining, or restoring intangible assets are recognized as an expense when incurred. Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per 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. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of November 30, 2021, there were no Recent Accounting Pronouncements We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. Risks and Uncertainties The extent of the impact of the coronavirus (“COVID-19”) outbreak on the financial performance of the Company will depend on future developments, including the duration and spread of the outbreak and related advisories and restrictions and the impact of COVID-19 on the overall economy, all of which are highly uncertain and cannot be predicted. If the overall economy is impacted for an extended period, the Company’s future operating results may be materially adversely affected. The ultimate impact of the COVID-19 pandemic on the Company’s operations is unknown and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the COVID-19 outbreak, new information which may emerge concerning the severity of the COVID-19 pandemic, and any additional preventative and protective actions that governments, or the Company, may direct, which may result in an extended period of continued business disruption, reduced customer traffic and reduced operations. Any resulting financial impact cannot be reasonably estimated at this time but is anticipated to have a material adverse impact on our business, financial condition and results of operations. Management expects that its business will be impacted to some degree, but the significance of the impact of the COVID-19 outbreak on the Company’s business and the duration for which it may have an impact cannot be determined at this time. Financial Statement Reclassification Certain account balances from prior periods have been reclassified in these financial statements to conform to current period classifications. |
COMMON STOCK
COMMON STOCK | 6 Months Ended |
Nov. 30, 2021 | |
Equity [Abstract] | |
COMMON STOCK | Note 4 – COMMON STOCK The Company has 75,000,000, $0.0001 par value shares of voting common stock authorized. All shares of common stock have voting rights and are identical. All holders of shares of common stock shall at every meeting of the stockholders be entitled to one vote for each share of the capital stock held by such stockholder. On April 2, 2021, the Company issued 3,500,000 350 During second quarter ended November 30, 2021 the Company issued 300,000 3,000 As of November 30, 2021 the company had 3,800,000 shares issued and outstanding. |
WEBSITE AND CHATBOT DEVELOPMENT
WEBSITE AND CHATBOT DEVELOPMENT COSTS | 6 Months Ended |
Nov. 30, 2021 | |
Website And Chatbot Development Costs | |
WEBSITE AND CHATBOT DEVELOPMENT COSTS | Note 5 – WEBSITE AND CHATBOT DEVELOPMENT COSTS The Company purchased and possesses an asset in a form of an operative website and two highly functional chat-bots. The Company purchased the website and two chat-bots for $ 15,000 1,500 Balance as of November 30, 2021 as follows: Schedule of intangible assets Website Development 15,000 Amortization Expense 1,500 Intangible Asset (net) 13,500 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 6 Months Ended |
Nov. 30, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | Note 6 – COMMITMENTS AND CONTINGENCIES Our sole officer and director, Granit Gjoni, has agreed to provide his own premise for office needs. He will not take any fee for these premises; it is for free use. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 6 Months Ended |
Nov. 30, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | Note 7 – RELATED PARTY TRANSACTIONS The sole officer and director, Granit Gjoni, is the only related party with whom the Company had transactions with during the period from inception on March 31, 2021 through November 30, 2021. During the period ended November 30, 2021, Mr. Gjoni paid $11,250 for operating expenses on behalf of the Company. The amount due to the related party is unsecured and non-interest bearing with no set terms of repayment. Mr. Gjoni currently devotes approximately thirty hours per week to manage our affairs. Under a Consulting Agreement, our officer and director is entitled to $700 per month in cash compensation but this amount is being deferred until the Company is in a position to start payments. In addition, Mr. Gjoni is reimbursed for any out-of-pocket expenses that he incurs on our behalf. From the beginning of his contract on May 1, 2021 ended November 30, 2021, Mr. Gjoni earned $ 4,900 As of May 31, 2021, Mr. Gjoni had stock compensation in the amount of $350 that he paid for company's expenses during Incorporation, for that he received 3,500,000 of common shares. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 6 Months Ended |
Nov. 30, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | Note 8 – SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) the Company has analyzed its operations subsequent to November 30, 2021 to the date these financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements. Management expects that its business will be impacted to some degree, but the significance of the impact of the COVID-19 outbreak on the Company’s business and the duration for which it may have an impact cannot be determined at this time. The Company issued 740,000 common shares as of December 16, 2021 at $0.01 per share to 10 shareholders for a consideration of $7,400. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Nov. 30, 2021 | |
Accounting Policies [Abstract] | |
Basis of presentation | Basis of presentation The accompanying financial statements have been prepared in accordance with the rules and regulations (Regulation S-X) of the Securities and Exchange Commission (the “SEC”). In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations indicative of the operating results that may be expected for the year from Inception on March 31, 2021 ended November 30, 2021. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820 "Fair Value Measurement" defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standards apply to recurring and nonrecurring fair value measurements of financial and non-financial assets and liabilities. The Company determines the fair values of its assets and liabilities based on a fair value hierarchy that includes three levels of inputs that may be used to measure fair value. For The three levels are defined as follows: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. Due to its short-term nature, the carrying value of receivables, accounts payable, and advances approximated fair value at November 30, 2021. |
Income Taxes | Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. |
Long-Lived Assets – Intangible Assets | Long-Lived Assets – Intangible Assets We account for our intangible assets in accordance with ASC Subtopic 350-30, General Intangibles Other Than Goodwill, and ASC Subtopic 360-10-05, Accounting for the Impairment or Disposal of Long-Lived Assets. ASC Subtopic 350-30 requires assets to be measured based on the fair value of the consideration given or the fair value of the assets (or net assets) acquired, whichever is more clearly evident and, thus, more reliably measurable. Further, ASC Subtopic 350-30 requires an intangible asset to be amortized over its useful life and for the useful life to be evaluated every reporting period to determine whether events or circumstances warrant a revision to the remaining period of amortization. If the estimate of useful life is changed the remaining carrying amount of the intangible asset is amortized prospectively over the revised remaining useful life. Costs of internally developing, maintaining, or restoring intangible assets are recognized as an expense when incurred. |
Basic Income (Loss) Per Share | Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per 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. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of November 30, 2021, there were no |
Recent Accounting Pronouncements | Recent Accounting Pronouncements We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. |
Risks and Uncertainties | Risks and Uncertainties The extent of the impact of the coronavirus (“COVID-19”) outbreak on the financial performance of the Company will depend on future developments, including the duration and spread of the outbreak and related advisories and restrictions and the impact of COVID-19 on the overall economy, all of which are highly uncertain and cannot be predicted. If the overall economy is impacted for an extended period, the Company’s future operating results may be materially adversely affected. The ultimate impact of the COVID-19 pandemic on the Company’s operations is unknown and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the COVID-19 outbreak, new information which may emerge concerning the severity of the COVID-19 pandemic, and any additional preventative and protective actions that governments, or the Company, may direct, which may result in an extended period of continued business disruption, reduced customer traffic and reduced operations. Any resulting financial impact cannot be reasonably estimated at this time but is anticipated to have a material adverse impact on our business, financial condition and results of operations. Management expects that its business will be impacted to some degree, but the significance of the impact of the COVID-19 outbreak on the Company’s business and the duration for which it may have an impact cannot be determined at this time. |
Financial Statement Reclassification | Financial Statement Reclassification Certain account balances from prior periods have been reclassified in these financial statements to conform to current period classifications. |
WEBSITE AND CHATBOT DEVELOPME_2
WEBSITE AND CHATBOT DEVELOPMENT COSTS (Tables) | 6 Months Ended |
Nov. 30, 2021 | |
Website And Chatbot Development Costs | |
Schedule of intangible assets | Schedule of intangible assets Website Development 15,000 Amortization Expense 1,500 Intangible Asset (net) 13,500 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) | Nov. 30, 2021USD ($) |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
[custom:WorkingCapital-0] | $ 29,073 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) | 6 Months Ended |
Nov. 30, 2021shares | |
Accounting Policies [Abstract] | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - USD ($) | 6 Months Ended | 12 Months Ended |
Nov. 30, 2021 | May 31, 2021 | |
Defined Benefit Plan Disclosure [Line Items] | ||
Proceeds from Issuance of Common Stock | $ 3,000 | |
Granit Gjoni [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture, Total | 3,500,000 | |
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture, Total | $ 350 | |
Four Shareholders [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Stock Issued During Period, Shares, New Issues | 300,000 | |
Proceeds from Issuance of Common Stock | $ 3,000 |
Schedule of intangible assets (
Schedule of intangible assets (Details) - Website Development [Member] | Nov. 30, 2021USD ($) |
Finite-Lived Intangible Assets [Line Items] | |
Website Development | $ 15,000 |
Finite-Lived Intangible Assets, Accumulated Amortization | 1,500 |
Finite-Lived Intangible Assets, Net | $ 13,500 |
WEBSITE AND CHATBOT DEVELOPME_3
WEBSITE AND CHATBOT DEVELOPMENT COSTS (Details Narrative) - USD ($) | 1 Months Ended | 6 Months Ended |
May 31, 2021 | Nov. 30, 2021 | |
Finite-Lived Intangible Assets [Line Items] | ||
Amortization of Intangible Assets | $ 1,500 | |
Website And Chat Bots [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Payments to Acquire Other Productive Assets | $ 15,000 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) | Nov. 30, 2021USD ($) |
Related Party Transactions [Abstract] | |
Accrued Salaries | $ 4,900 |