Cover
Cover - shares | 9 Months Ended | |
Mar. 31, 2023 | Jun. 01, 2024 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Mar. 31, 2023 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2023 | |
Current Fiscal Year End Date | --06-30 | |
Entity File Number | 000-56317 | |
Entity Registrant Name | Entertainment Holdings, Inc./OK | |
Entity Central Index Key | 0001875746 | |
Entity Tax Identification Number | 65-0844480 | |
Entity Incorporation, State or Country Code | OK | |
Entity Address, Address Line One | 885 Tahoe Blvd | |
Entity Address, City or Town | Incline Village | |
Entity Address, State or Province | NV | |
Entity Address, Postal Zip Code | 89451 | |
City Area Code | (775) | |
Local Phone Number | 909-6000 | |
Entity Current Reporting Status | No | |
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 | false | |
Entity Shell Company | true | |
Entity Common Stock, Shares Outstanding | 88,992,975 |
Condensed Balance Sheets (Unaud
Condensed Balance Sheets (Unaudited) - USD ($) | Mar. 31, 2023 | Jun. 30, 2022 |
CURRENT ASSETS | ||
Cash | ||
TOTAL ASSETS | ||
CURRENT LIABILITIES | ||
Accounts payable and accrued expenses | 19,608 | 14,537 |
Accounts payable - related party | 22,272 | 12,728 |
Total Current Liabilities | 41,880 | 27,265 |
Total Liabilities | 41,880 | 27,265 |
STOCKHOLDERS’ DEFICIT | ||
Convertible preferred stock: 100,000,000 shares authorized, $0.0001 par value, 0 issued and outstanding. | ||
Common stock: 500,000,000 shares authorized, $0.0001 par value, 88,992,975 issued and outstanding. | 8,899 | 8,899 |
Additional paid-in capital | (19,357) | (19,357) |
Accumulated deficit | (31,422) | (16,807) |
Total Stockholders’ Deficit | (41,880) | (27,265) |
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT |
Condensed Balance Sheets (Una_2
Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Mar. 31, 2023 | Jun. 30, 2022 |
Statement of Financial Position [Abstract] | ||
Convertible preferred stock, shares authorized | 100,000,000 | 100,000,000 |
Convertible preferred stock, par value | $ 0.0001 | $ 0.0001 |
Convertible preferred stock,shares issued | 0 | 0 |
Convertible preferred stock,shares outstanding | 0 | 0 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares issued | 88,992,975 | 88,992,975 |
Common stock, shares outstanding | 88,992,975 | 88,992,975 |
Condensed Statements of Operati
Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
REVENUES | ||||
Revenues | ||||
OPERATING EXPENSES | ||||
Professional fees | 3,345 | 763 | 11,570 | 9,988 |
General and administrative | 1,112 | 1,710 | 3,045 | 2,082 |
Total Operating Expenses | 4,457 | 2,473 | 14,615 | 12,070 |
OPERATING LOSS | (4,457) | (2,473) | (14,615) | (12,070) |
LOSS BEFORE INCOME TAXES | (4,457) | (2,473) | (14,615) | (12,070) |
NET LOSS | $ (4,457) | $ (2,473) | $ (14,615) | $ (12,070) |
BASIC LOSS PER SHARE | $ 0 | $ 0 | $ 0 | $ 0 |
DILUTED LOSS PER SHARE | $ 0 | $ 0 | $ 0 | $ 0 |
BASIC WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 88,992,975 | 88,992,975 | 88,992,975 | 88,992,975 |
DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 88,992,975 | 88,992,975 | 88,992,975 | 88,992,975 |
Statement of Stockholders' Defi
Statement of Stockholders' Deficit (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance at Jun. 30, 2021 | $ 8,899 | $ (19,357) | $ (10,458) | |
Balance, shares at Jun. 30, 2021 | 88,992,975 | |||
Net loss | (5,755) | (5,755) | ||
Balance at Sep. 30, 2021 | $ 8,899 | (19,357) | (5,755) | (16,213) |
Balance, shares at Sep. 30, 2021 | 88,992,975 | |||
Balance at Jun. 30, 2021 | $ 8,899 | (19,357) | (10,458) | |
Balance, shares at Jun. 30, 2021 | 88,992,975 | |||
Net loss | (12,070) | |||
Balance at Mar. 31, 2022 | $ 8,899 | (58,071) | (12,070) | (22,528) |
Balance, shares at Mar. 31, 2022 | 88,992,975 | |||
Balance at Sep. 30, 2021 | $ 8,899 | (19,357) | (5,755) | (16,213) |
Balance, shares at Sep. 30, 2021 | 88,992,975 | |||
Net loss | (3,842) | (3,842) | ||
Balance at Dec. 31, 2021 | $ 8,899 | (38,714) | (9,597) | (20,055) |
Balance, shares at Dec. 31, 2021 | 88,992,975 | |||
Net loss | (2,473) | (2,473) | ||
Balance at Mar. 31, 2022 | $ 8,899 | (58,071) | (12,070) | (22,528) |
Balance, shares at Mar. 31, 2022 | 88,992,975 | |||
Balance at Jun. 30, 2022 | $ 8,899 | (19,357) | (16,807) | (27,265) |
Balance, shares at Jun. 30, 2022 | 88,992,975 | |||
Net loss | (1,253) | (1,253) | ||
Balance at Sep. 30, 2022 | $ 8,899 | (19,357) | (18,060) | (28,518) |
Balance, shares at Sep. 30, 2022 | 88,992,975 | |||
Balance at Jun. 30, 2022 | $ 8,899 | (19,357) | (16,807) | (27,265) |
Balance, shares at Jun. 30, 2022 | 88,992,975 | |||
Net loss | (14,615) | |||
Balance at Mar. 31, 2023 | $ 8,899 | (19,357) | (31,422) | (41,880) |
Balance, shares at Mar. 31, 2023 | 88,992,975 | |||
Balance at Sep. 30, 2022 | $ 8,899 | (19,357) | (18,060) | (28,518) |
Balance, shares at Sep. 30, 2022 | 88,992,975 | |||
Net loss | (8,905) | (8,905) | ||
Balance at Dec. 31, 2022 | $ 8,899 | (19,357) | (26,965) | (37,423) |
Balance, shares at Dec. 31, 2022 | 88,992,975 | |||
Net loss | (4,457) | (4,457) | ||
Balance at Mar. 31, 2023 | $ 8,899 | $ (19,357) | $ (31,422) | $ (41,880) |
Balance, shares at Mar. 31, 2023 | 88,992,975 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Mar. 31, 2023 | Sep. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2021 | Mar. 31, 2023 | Mar. 31, 2022 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net loss | $ (4,457) | $ (1,253) | $ (2,473) | $ (5,755) | $ (14,615) | $ (12,070) |
Changes in operating assets and liabilities | ||||||
Accounts payable and accrued expenses | 5,071 | 4,080 | ||||
Related parties accounts payable | 9,544 | 7,990 | ||||
Net Cash Used in Operating Activities | ||||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
NET CHANGES IN CASH | ||||||
CASH AT BEGINNING OF PERIOD | ||||||
CASH AT END OF PERIOD | ||||||
CASH FLOW INFORMATION | ||||||
Interest | ||||||
Income Taxes |
NATURE OF OPERATIONS
NATURE OF OPERATIONS | 9 Months Ended |
Mar. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NATURE OF OPERATIONS | NOTE 1 – NATURE OF OPERATIONS Our predecessor issuer was incorporated on June 15, 1998 Reorganization Activities: Domiciliary Merger Holding Company Parent/Subsidiary Formation: Upon consummation of the Parent Subsidiary Formation, each issued and outstanding equity of the former Traveler Holdings, Inc. (OK) was transmuted into and represented the identical equity structure of XRX International Entertainment Holding Group, Inc. (FL) that existed prior to the domiciliary change and immediately prior to the Reorganization (on a share-for-share basis) having the same designations, rights, powers and preferences, and qualifications, limitations and restrictions. Upon consummation of the Agreement, Entertainment Holdings, Inc. (OK), was the issuer since the former Traveler Holdings, Inc. (OK) equity structure was transmuted pursuant to Section 1081(g) as the current issued and outstanding equities of Entertainment Holdings, Inc. (OK). The subsidiary, Expedition Holdings, Inc. was divested on June 30, 2021 and therefore is no longer consolidated into Entertainment Holdings, Inc. The shareholders of the Company became the shareholders of the former XRX International Entertainment Holding Group, Inc. (FL). As a result of this reorganization, the resulting reorganized Company name became Entertainment Holdings, Inc. (“XRXH”, “Company”, “we”, or “us”). Our fiscal year end is June 30. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Financial statement presentation The accompanying unaudited condensed financial statements of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”), including the instructions to Form 10-Q and Regulation S-X. Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited financial statements. In the opinion of management, all adjustments, which are of a normal recurring nature, considered necessary for the fair presentation of financial statements for the interim period, have been included. Use of Estimates and Assumptions The preparation of financial statements in conformity U.S. GAAP requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) the disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and (iii) the reported amount of net revenues and expenses recognized during the periods presented. Adjustments made with respect to the use of estimates often relate to improved information not previously available. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of financial statements; accordingly, actual results could differ from these estimates. ENTERTAINMENT HOLDINGS, INC. NOTES TO THE UNAUDITED CONDENSED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2023, AND 2022 Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. As of March 31, 2023 the Company had no Income Taxes The Company accounts for income taxes under the asset and liability method. Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are recorded, when necessary, to reduce deferred tax assets to the amount expected to be realized. As a result of the implementation of certain provisions of ASC 740, Income Taxes (“ASC 740”), which clarifies the accounting and disclosure for uncertainty in tax positions, as defined, ASC 740 seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to accounting for income taxes. The Company adopted the provisions of ASC 740 and have analyzed filing positions in each of the federal and state jurisdictions where we are required to file income tax returns, as well as all open tax years in these jurisdictions. The Company has identified the U.S. federal as our “major” tax jurisdictions. However, The Company has certain tax attribute carryforwards which will remain subject to review and adjustment by the relevant tax authorities until the statute of limitations closes with respect to the year in which such attributes are utilized. Basic and Diluted Loss Per Share Basic loss per share is computed using the weighted average number of shares outstanding during the period. Diluted loss per share has not been provided as it would be anti-dilutive. Stock-Based Compensation The Company accounts for share-based compensation under the provisions of ASC 718, Compensation-Stock Compensation Fair Value of Financial Instruments The Company’s financial instruments consist primarily of accounts payable and accrued expenses and accounts payable – related party. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments. The Company adopted ASC Topic 820, Fair Value Measurements The three-level hierarchy for fair value measurements is defined as follows: ● Level 1 - inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets; liabilities in active markets; ● Level 2 - inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability other than quoted prices, either directly or indirectly, including inputs in markets that are not considered to be active; or directly or indirectly including inputs in markets that are not considered to be active; ● Level 3 - inputs to the valuation methodology are unobservable and significant to the fair value measurement ENTERTAINMENT HOLDINGS, INC. NOTES TO THE UNAUDITED CONDENSED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2023, AND 2022 Recent Accounting Pronouncements The Company has evaluated other recently issued accounting pronouncements and does not believe that any of these pronouncements will have a significant impact on its financial statements and related disclosures. |
GOING CONCERN
GOING CONCERN | 9 Months Ended |
Mar. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 3 – GOING CONCERN The Company has not yet achieved profitable operations, has accumulated losses, has a working capital deficiency and expects to incur further losses in the development of its business, all of which raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances, however, there is no assurance of additional funding being available or on terms acceptable to the Company. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Mar. 31, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 4 - RELATED PARTY TRANSACTIONS As of March 31, 2023, our sole officer and director, G. Reed Petersen, has paid various expenses on behalf of the Company, totaling $ 22,272 9,544 As of March 31, 2022, our sole officer and director, G. Reed Petersen, has paid various expenses on behalf of the Company, totaling $ 7,990 7,990 As the Company’s office space needs are limited at the current time, Mr. Petersen is currently providing space to the Company at no cost. |
EQUITY
EQUITY | 9 Months Ended |
Mar. 31, 2023 | |
Equity [Abstract] | |
EQUITY | NOTE 5 - EQUITY The total number of shares of stock which the corporation shall have authority to issue is 600,000,000 100,000,000 .0001 500,000,000 .0001 Common Stock and Preferred Stock The Company has authorized 500,000,000 0.0001 Each common share entitles the holder to one vote, in person or proxy The Company has authorized 100,000,000 0.0001 The Company has designated 1,000,000 but have none issued or outstanding as of March 31, 2023. As of March 31, 2023 there are no dividends due or payable on the Series A Convertible Preferred Stock. Each holder of outstanding shares of Series A Convertible Preferred Stock, if issued, shall be entitled to the number of votes equal to one hundred (100) votes for each share held of record on all matters submitted to a vote of the shareholders. Each holder of shares of Series A Convertible Preferred Stock may, at any time and from time to time, convert (an “Optional Conversion”) each of their shares of Series A Convertible Preferred Stock into one fully paid and nonassessable share of Common Stock. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Mar. 31, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 6 - SUBSEQUENT EVENTS The Company has evaluated subsequent events occurring from March 31, 2023, through the date these financial statements were issued and noted that in March of 2023, the Company has entered into a Stock Purchase Agreement, (the “SPA”), in which Doug Cole purchased from G. Reed Petersen 71,770,500 1,000 |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Financial statement presentation | Financial statement presentation The accompanying unaudited condensed financial statements of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”), including the instructions to Form 10-Q and Regulation S-X. Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited financial statements. In the opinion of management, all adjustments, which are of a normal recurring nature, considered necessary for the fair presentation of financial statements for the interim period, have been included. |
Use of Estimates and Assumptions | Use of Estimates and Assumptions The preparation of financial statements in conformity U.S. GAAP requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) the disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and (iii) the reported amount of net revenues and expenses recognized during the periods presented. Adjustments made with respect to the use of estimates often relate to improved information not previously available. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of financial statements; accordingly, actual results could differ from these estimates. ENTERTAINMENT HOLDINGS, INC. NOTES TO THE UNAUDITED CONDENSED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2023, AND 2022 |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. As of March 31, 2023 the Company had no |
Income Taxes | Income Taxes The Company accounts for income taxes under the asset and liability method. Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are recorded, when necessary, to reduce deferred tax assets to the amount expected to be realized. As a result of the implementation of certain provisions of ASC 740, Income Taxes (“ASC 740”), which clarifies the accounting and disclosure for uncertainty in tax positions, as defined, ASC 740 seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to accounting for income taxes. The Company adopted the provisions of ASC 740 and have analyzed filing positions in each of the federal and state jurisdictions where we are required to file income tax returns, as well as all open tax years in these jurisdictions. The Company has identified the U.S. federal as our “major” tax jurisdictions. However, The Company has certain tax attribute carryforwards which will remain subject to review and adjustment by the relevant tax authorities until the statute of limitations closes with respect to the year in which such attributes are utilized. |
Basic and Diluted Loss Per Share | Basic and Diluted Loss Per Share Basic loss per share is computed using the weighted average number of shares outstanding during the period. Diluted loss per share has not been provided as it would be anti-dilutive. |
Stock-Based Compensation | Stock-Based Compensation The Company accounts for share-based compensation under the provisions of ASC 718, Compensation-Stock Compensation |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company’s financial instruments consist primarily of accounts payable and accrued expenses and accounts payable – related party. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments. The Company adopted ASC Topic 820, Fair Value Measurements The three-level hierarchy for fair value measurements is defined as follows: ● Level 1 - inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets; liabilities in active markets; ● Level 2 - inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability other than quoted prices, either directly or indirectly, including inputs in markets that are not considered to be active; or directly or indirectly including inputs in markets that are not considered to be active; ● Level 3 - inputs to the valuation methodology are unobservable and significant to the fair value measurement ENTERTAINMENT HOLDINGS, INC. NOTES TO THE UNAUDITED CONDENSED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2023, AND 2022 |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company has evaluated other recently issued accounting pronouncements and does not believe that any of these pronouncements will have a significant impact on its financial statements and related disclosures. |
NATURE OF OPERATIONS (Details N
NATURE OF OPERATIONS (Details Narrative) | 9 Months Ended |
Mar. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Incorporation date | Jun. 15, 1998 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) | Mar. 31, 2023 USD ($) |
Accounting Policies [Abstract] | |
cash equivalents | $ 0 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2022 | |
Related Party Transaction [Line Items] | |||
Consolidated expenses paid | $ 22,272 | $ 12,728 | |
Expenses paid for the current period | 9,544 | $ 7,990 | |
Related Party [Member] | |||
Related Party Transaction [Line Items] | |||
Consolidated expenses paid | 22,272 | 7,990 | |
Expenses paid for the current period | $ 9,544 | $ 7,990 |
EQUITY (Details Narrative)
EQUITY (Details Narrative) - $ / shares | 9 Months Ended | |
Mar. 31, 2023 | Jun. 30, 2022 | |
Class of Stock [Line Items] | ||
Number of shares authorized | 600,000,000 | |
Convertible preferred stock shares authorized | 100,000,000 | 100,000,000 |
Preferred stock shares par value | $ 0.0001 | $ 0.0001 |
Common stock shares authorized | 500,000,000 | 500,000,000 |
Common stock shares par value | $ 0.0001 | $ 0.0001 |
Voting rights of common stock | Each common share entitles the holder to one vote, in person or proxy | |
Voting rights of preferred stock | Each holder of outstanding shares of Series A Convertible Preferred Stock, if issued, shall be entitled to the number of votes equal to one hundred (100) votes for each share held of record on all matters submitted to a vote of the shareholders. | |
Preferred stock conversion basis | Each holder of shares of Series A Convertible Preferred Stock may, at any time and from time to time, convert (an “Optional Conversion”) each of their shares of Series A Convertible Preferred Stock into one fully paid and nonassessable share of Common Stock. | |
Series A Convertible Preferred Stock [Member] | ||
Class of Stock [Line Items] | ||
Convertible preferred stock shares authorized | 1,000,000 | |
Voting rights of preferred stock | there are no dividends due or payable on the Series A Convertible Preferred Stock. |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - Stock Purchase Agreement [Member] - Subsequent Event [Member] | 1 Months Ended |
Apr. 30, 2023 USD ($) shares | |
Subsequent Event [Line Items] | |
Common stock shares purchased | shares | 71,770,500 |
Proceeds from common stock | $ | $ 1,000 |