Galaxy Enterprises (GLEI) 10-Q14 Dec 222023 Q1 Quarterly reportFinancial data

Company Profile

Cover - shares	3 Months Ended
Cover - shares	Oct. 31, 2022	Dec. 14, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Oct. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--07-31
Entity File Number	333-258034
Entity Registrant Name	Galaxy Enterprises Inc.
Entity Central Index Key	0001871890
Entity Tax Identification Number	86-1370102
Entity Incorporation, State or Country Code	WY
Entity Address, Address Line One	1701
Entity Address, Address Line Two	Charles Iam Court
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89117
City Area Code	702
Local Phone Number	596-9628
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	true
Entity Common Stock, Shares Outstanding		4,170,000

Balance Sheets (Unaudited) - USD ($)	Oct. 31, 2022	Jul. 31, 2022
Current assets:
Cash	$ 9,893	$ 14,795
Prepayments and deposits	15,000	15,000
Total current assets	24,893	29,795
Total Assets	24,893	29,795
Current liabilities:
Accounts payable and accrued liabilities	24,140	25,524
Total current liabilities	24,140	25,524
Total Liabilities	24,140	25,524
STOCKHOLDER’S EQUITY
Common stock: $0.0001 par value, 500,000,000 authorized, 4,170,000 issued and outstanding as of October 31, 2022 and July 31, 2022	417	417
Additional paid in capital	82,983	82,983
Accumulated deficit	(82,647)	(79,129)
Total Stockholder’s Equity	753	4,271
Total Liabilities and Stockholder’s Equity	$ 24,893	$ 29,795

Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Oct. 31, 2022	Jul. 31, 2022
Statement of Financial Position [Abstract]
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock Shares Authorized	500,000,000	500,000,000
Common Stock, Shares Issued	4,170,000	4,170,000
Common Stock, Shares Outstanding	4,170,000	4,170,000

Statement of Comprehensive Income Loss (Unaudited) - USD ($)	3 Months Ended
	Oct. 31, 2022	Oct. 31, 2021
Expenses
General and administrative	$ 3,518	$ 34,007
Net Loss	$ (3,518)	$ (34,007)
Net loss per share – basic and diluted
Weighted average shares outstanding – basic and diluted	4,170,000	4,170,000

Statement of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Opening Beginning balance, value at Jul. 31, 2021	$ 417	$ 82,983		$ 83,400
Opening Balance, shares at Jul. 31, 2021	4,170,000
Issuance of Common Stock
Net Loss			(34,007)	(34,007)
Closing Ending balance, value at Oct. 31, 2021	$ 417	82,983	(34,007)	49,393
Ending Balance, shares at Oct. 31, 2021	4,170,000
Opening Beginning balance, value at Jul. 31, 2022	$ 417	82,983	(79,129)	4,271
Opening Balance, shares at Jul. 31, 2022	4,170,000
Issuance of Common Stock
Net Loss			(3,518)	(3,518)
Closing Ending balance, value at Oct. 31, 2022	$ 417	$ 82,983	$ (82,647)	$ 753
Ending Balance, shares at Oct. 31, 2022	4,170,000

Statement of Cash Flows (Unaudited) - USD ($)	3 Months Ended
Statement of Cash Flows (Unaudited) - USD ($)	Oct. 31, 2022	Oct. 31, 2021
Cash flows from operating activities:
Net loss for the period	$ (3,518)	$ (34,007)
Change in operating assets and liabilities
Prepayments & deposits		(15,000)
Accounts payable and accrued liabilities	(1,384)	25,524
Net cash used in operating activities	(4,902)	(23,483)
Cash flows from financing activities:
Issuance of common stock		83,400
Net cash used in financing activities		83,400
Change in cash	(4,902)	59,917
Cash – beginning of period	14,795
Cash – end of period	9,893	59,917
Cash paid For:
Interest
Income tax

NATURE AND CONTINUANCE OF OPERATIONS	3 Months Ended
NATURE AND CONTINUANCE OF OPERATIONS	Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE AND CONTINUANCE OF OPERATIONS	1. NATURE AND CONTINUANCE OF OPERATIONS Galaxy Enterprises Inc. (the “Company”) was incorporated in the state of Wyoming on March 24, 2021. The Company is a development stage company that intends to commence business operations by offering real estate management services for clients that focus on cost-efficient operations and tenant retention on a range of properties including Class A, B, and C office space, as well as industrial, manufacturing, retail, and warehousing facilities. The Company’s fiscal year-end is July 31.

GOING CONCERN	3 Months Ended
GOING CONCERN	Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	2. GOING CONCERN These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $ 82,647 3,518 4,902

INTERIM REPORTING	3 Months Ended
INTERIM REPORTING	Oct. 31, 2022
Accounting Changes and Error Corrections [Abstract]
INTERIM REPORTING	3. INTERIM REPORTING The unaudited interim financial statements are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted (GAAP) in the United States of America for the interim information. Accordingly, the financial statements do not include all of the information and notes required by GAAP for the complete financial statements. While the information presented is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, result of operation and cash flows for the interim periods presented in accordance with accounting principles generally accepted in the United States of America. All adjustments are of a normal recurring nature. It is suggested that the interim financial statements be read in conjunction with the Company’s year-end July 31, 2022 financial statements. Operating results for the three-month period ended October 31, 2022 are not necessarily indicative of the results that can be expected for the fiscal year ended July 31, 2023. There have been no changes in the accounting policies from those disclosed in the notes to the audited financial statements for the period ended July 31, 2022.

CAPITAL STOCK	3 Months Ended
CAPITAL STOCK	Oct. 31, 2022
Equity [Abstract]
CAPITAL STOCK	4. CAPITAL STOCK The total number of common shares authorized that may be issued by the Company is 500,000,000 shares with a par value of $0.0001 per share. There was no capital stock activity during the three months ended October 31, 2022 and 2021. As of October 31, 2022, there were no issued and outstanding stock options or warrants.

RELATED PARTY TRANSACTIONS	3 Months Ended
RELATED PARTY TRANSACTIONS	Oct. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	5. RELATED PARTY TRANSACTIONS None

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended
GOING CONCERN (Details Narrative) - USD ($)	Oct. 31, 2022	Oct. 31, 2021	Jul. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 82,647		$ 79,129
Net Loss	3,518	$ 34,007
Net cash used in operating activities	$ 4,902	$ 23,483