Mag Mile Capital (MMCP) 10-Q 12 Feb 24 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Feb. 09, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	000-56333
Entity Registrant Name	MAG MILE CAPITAL, INC.
Entity Central Index Key	0001879293
Entity Tax Identification Number	87-1614433
Entity Incorporation, State or Country Code	OK
Entity Address, Address Line One	1141 W. Randolph Street
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60607
City Area Code	(312)
Local Phone Number	642-0100
Title of 12(b) Security	Common Stock
Trading Symbol	MMCP
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	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		100,055,935

Condensed Balance Sheets (Unaud

Condensed Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current Assets:
Cash	$ 141,970	$ 374,091
Accounts receivable	338,876	202,837
Loan receivable	12,500	12,500
Prepaid stock compensation	185,000
Total Current Assets	1,160,896	1,071,978
Operating lease right of use asset	195,510
Property and equipment, net	22,446	41,872
Total other assets	217,956	41,872
Total Assets	1,378,852	1,113,850
Current Liabilities:
Accounts payable and accruals	32,533	42,414
Operating lease liability – current portion	39,184
Total Current Liabilities	347,426	267,770
Long Term Liabilities:
Operating lease liability – net of current portion	156,070
Deferred lease obligation	2,266
Long Term Liabilities:	158,336
Total Liabilities	505,762	267,770
Stockholders’ Equity (Deficit):
Preferred stock, value
Common stock, $0.00001 par value, 480,000,000 shares authorized; 100,055,935 and 10,133,284 shares issued and outstanding, respectively	1,000	101
Additional paid in capital	3,173,778	388,569
Accumulated deficit	(2,301,688)	457,410
Total stockholders’ equity	873,090	846,080
Total Liabilities and Stockholders’ Equity	1,378,852	1,113,850
Series A Preferred Stock [Member]
Stockholders’ Equity (Deficit):
Preferred stock, value
Related Party [Member]
Current Assets:
Due from related parties	482,550	482,550
Current Liabilities:
Loan payable – related party	125,709	77,649
Nonrelated Party [Member]
Current Liabilities:
Loan payable – related party	$ 150,000	$ 147,707

Condensed Balance Sheets (Una_2

Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares designated	20,000,000	20,000,000
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	480,000,000	480,000,000
Common stock, shares issued	100,055,935	10,133,284
Common stock, shares outstanding	100,055,935	10,133,284
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares designated	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Commission income	$ 376,800	$ 1,227,880	$ 1,491,111	$ 2,562,037
Gross margin	237,981	503,400	498,051	1,148,845
Operating expenses:
Stock based compensation			1,582,072
Professional fees	41,032	27,548	570,351	57,588
Payroll expense	132,556	71,674	280,717	212,160
General and administrative	144,657	110,124	815,137	306,509
Total operating expenses	318,245	209,346	3,248,277	576,257
(Loss) income from operations	(80,264)	294,054	(2,750,226)	572,588
Other expense:
Interest expense	(3,655)		(8,872)
Total other expense	(3,655)		(8,872)
Net (loss) income before income tax	(83,919)	294,054	(2,759,098)	572,588
Income tax
Net (Loss) Income	$ (83,919)	$ 294,054	$ (2,759,098)	$ 572,588
(Loss) income per share, basic	$ 0	$ 0.03	$ (0.04)	$ 0.13
(Loss) income per share, diluted	$ 0	$ 0.03	$ (0.04)	$ 0.13
Weighted average shares outstanding, basic	99,818,544	10,133,284	70,442,017	4,309,108
Weighted average shares outstanding, diluted	104,818,544	10,133,284	75,442,017	4,309,108
Nonrelated Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Commission expense	$ (103,069)	$ (497,680)	$ (459,310)	$ (917,567)
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Commission expense	$ (35,750)	$ (226,800)	$ (533,750)	$ (495,625)

Condensed Statements of Changes

Condensed Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Preferred Stock [Member] Series A Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balances at Dec. 31, 2021	$ 1		$ 355,373	$ (280,751)	$ 74,623
Balance, shares at Dec. 31, 2021	133,284	1,000
Contributions to capital			19,520		19,520
Net Income (loss)				82,042	82,042
Balances at Mar. 31, 2022	$ 1		374,893	(198,709)	176,185
Balance, shares at Mar. 31, 2022	133,284	1,000
Balances at Dec. 31, 2021	$ 1		355,373	(280,751)	74,623
Balance, shares at Dec. 31, 2021	133,284	1,000
Net Income (loss)					572,588
Balances at Sep. 30, 2022	$ 101		382,912	291,797	674,810
Balance, shares at Sep. 30, 2022	10,133,284
Balances at Mar. 31, 2022	$ 1		374,893	(198,709)	176,185
Balance, shares at Mar. 31, 2022	133,284	1,000
Contributions to capital			4,901		4,901
Net Income (loss)				196,452	196,452
Preferred stock converted to common	$ 100		(100)
Preferred shares converted to common, shares	10,000,000	(1,000)
Balances at Jun. 30, 2022	$ 101		379,694	(2,257)	377,538
Balance, shares at Jun. 30, 2022	10,133,284
Contributions to capital			3,218		3,218
Net Income (loss)				294,054	294,054
Balances at Sep. 30, 2022	$ 101		382,912	291,797	674,810
Balance, shares at Sep. 30, 2022	10,133,284
Balances at Dec. 31, 2022	$ 101		388,569	457,410	846,080
Balance, shares at Dec. 31, 2022	10,133,284
Net Income (loss)				(1,187,507)	(1,187,507)
Stock issued for services	$ 18		894,096		894,114
Stock issued for services, shares	1,788,227
Shares issued for reverse acquisition	$ 874		(45,952)		(45,078)
Shares issued for reverse acquisition, shares	87,424,424
Balances at Mar. 31, 2023	$ 993		1,236,713	(730,097)	507,609
Balance, shares at Mar. 31, 2023	99,345,935
Balances at Dec. 31, 2022	$ 101		388,569	457,410	846,080
Balance, shares at Dec. 31, 2022	10,133,284
Net Income (loss)					(2,759,098)
Balances at Sep. 30, 2023	$ 1,000		3,173,778	(2,301,688)	873,090
Balance, shares at Sep. 30, 2023	100,055,935
Balances at Mar. 31, 2023	$ 993		1,236,713	(730,097)	507,609
Balance, shares at Mar. 31, 2023	99,345,935
Net Income (loss)				(1,487,672)	(1,487,672)
Stock issued for services	$ 1		49,999		50,000
Stock issued for services, shares	100,000
Warrant expense			1,582,072		1,582,072
Balances at Jun. 30, 2023	$ 994		2,868,784	(2,217,769)	652,009
Balance, shares at Jun. 30, 2023	99,445,935
Net Income (loss)				(83,919)	(83,919)
Stock issued for services	$ 6		304,994		305,000
Stock issued for services, shares	610,000
Balances at Sep. 30, 2023	$ 1,000		$ 3,173,778	$ (2,301,688)	$ 873,090
Balance, shares at Sep. 30, 2023	100,055,935

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash Flows from Operating Activities:
Net (loss) income	$ (2,759,098)	$ 572,588
Adjustments to reconcile net (loss) income to net cash used in Operating activities:
Stock based compensation	1,582,072
Common stock issued for services	1,064,114
Depreciation expense	19,425
Operating lease expense	2,010
Changes in Operating Assets and Liabilities:
Accounts receivable	(136,039)	(131,608)
Accounts payable and accruals	(7,588)	18,137
Net cash (used) provided by operating activities	(235,104)	459,117
Cash Flows from Financing Activities:
Loan payable – related party	48,060	77,649
Distributions to controlling shareholder	(45,077)	(87,490)
Net cash provided (used) by financing activities	2,983	(9,841)
Net change in cash	(232,121)	449,276
Cash, at beginning of period	374,091	104,707
Cash, at end of period	141,970	553,983
Supplemental Non-Cash Disclosure:
Cash paid for interest
Cash paid for taxes
Non-cash financing activity:
Establish right of use of asset	222,344
Common stock issued for prepaid services	$ 185,000

NATURE OF OPERATIONS

NATURE OF OPERATIONS	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NOTE 1 – NATURE OF OPERATIONS Mag Mile Capital, Inc. (“Mag Mile”, or the “Company”) is an Oklahoma corporation formed on July 8, 2021. The Company was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. On May 11, 2022, G. Reed Petersen Irrevocable Trust (the “Seller”), agreed to sell all 1,000 495,000 10,000,000 98.7 10,000,000 The sale of the Shares to the Purchaser was completed on May 17, 2022. As part of the Stock Purchase Agreement, G. Reed Petersen agreed to resign as the Company’s sole officer and director; and the change of management was completed on June 5, 2022. On June 6, 2022, Henrik Rouf became the Company’s sole officer and director. On March 30, 2023, the Company, entered into a Reorganization Agreement (the “Reorganization Agreement”) with Megamile Capital, Inc. d/b/a Mag Mile Capital f/k/a CSF Capital LLC (“Mag Mile Capital”) under which Mag Mile Capital was merged with and into Myson. At the closing of the Reorganization Agreement, the sole member of the Myson Board of Directors and its officer resigned and Rushi Shah, President and CEO of Mag Mile Capital, assumed the positions of Chairman of the Myson Board of Directors and the title of President and CEO, Secretary and Treasurer of Myson. Under the terms of the Reorganization Agreement, Mag Mile Capital’s shareholders now own 88 87,424,424 The Merger is accounted for as a reverse recapitalization. Mag Mile Capital is deemed the accounting predecessor of the Merger and will be the successor registrant for SEC purposes, meaning that Mag Mile Capital’s financial statements for previous periods will be disclosed in the Company’s future periodic reports filed with the SEC. On May 15, 2023, the Company filed with the Oklahoma Secretary of State an amendment to the Certificate of Incorporation to change the Company’s name to Mag Mile Capital, Inc., that became effective on June 16, 2023. On September 5, 2023, the name change to Mag Mile Capital, Inc. and symbol change to MMCP became effective on OTC Markets. Mag Mile Capital is a full-service commercial real estate mortgage banking firm headquartered in Chicago with offices in the states of New York, Massachusetts, Connecticut, Florida, Texas, Michigan, Colorado and Nevada. Mag Mile Capital is a national platform comprised of capital markets specialists with extensive experience in real estate bridge financing, mezzanine and permanent debt placement and equity arrangements throughout the full capital stack and across all major real estate asset classes nationwide, including hotels, multifamily, office, retail, industrial, healthcare, self-storage and special purpose properties, offering access to structured debt and equity advisory solutions and placement for real estate investors, developers, and entrepreneurs, Mag Mile Capital leverages a wide variety of lending relationships and equity capital connections as a leading national real estate mortgage intermediary. Its personnel have collectively raised over $9 billion in real estate financing during their combined 29 years of experience in this industry.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Company’s unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending December 31, 2023. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended July 31, 2022, and the Form 8-K filed on March 31, 2023. The Company had elected to change its fiscal year end from July 31 to December 31. 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. Cash and Cash Equivalents The Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less as cash and cash equivalents. The carrying amount of financial instruments included in cash and cash equivalents approximates fair value because of the short maturities for the instruments held. The Company had no Basic and Diluted Earnings Per Share Net income (loss) per common share is computed pursuant to ASC 260-10-45, Earnings per Share—Overall—Other Presentation Matters 5,000,000 0 Revenue Recognition The Company follows ASC 606, Revenue from Contracts with Customers Cost of Revenue Cost of revenues includes commission expense paid during the period. Accounts Receivable The Company evaluates the collectability of its trade accounts receivable based on a number of factors. In circumstances where the Company becomes aware of a specific customer’s inability to meet its financial obligations to the Company, a specific reserve for bad debts is estimated and recorded, which reduces the recognized receivable to the estimated amount the Company believes will ultimately be collected. In addition to specific customer identification of potential bad debts, bad debt charges are recorded based on the Company’s historical losses and an overall assessment of past due trade accounts receivable outstanding. Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit losses on Financial Instruments.” The ASU, as amended, requires an entity to measure expected credit losses for financial assets carried at amortized cost based on historical experience, current conditions, and reasonable and supportable forecasts. Among other things, the ASU also amended the impairment model for available for sale securities and addressed purchased financial assets with deterioration. The Company has adopted the ASU for its fiscal year ending December 31, 2023, and has elected to fair value any financial assets held. As of September 30, 2023 and December 31, 2022, there are no assets that are within the scope of ASC 326. The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

GOING CONCERN

GOING CONCERN	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 – GOING CONCERN These unaudited financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At September 30 2023, the Company has not yet achieved profitable operations. For the nine months ended September 30, 2023, we had a net loss of $ 2,759,098 1,582,072 235,104 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. We expect to use the exercise of warrants to meet our needs for growth for more than twelve months from the date of issuance of these financial statements.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 4 - PROPERTY AND EQUIPMENT Property and equipment, net consists of the following: SCHEDULE OF PROPERTY AND EQUIPMENT September 30, 2023 December 31, 2022 Leasehold Improvement $ 32,125 $ 32,125 Computer 11,770 11,770 Equipment 147,409 147,409 Total 191,304 191,304 Less: accumulated depreciation and amortization (168,858 ) (149,432 ) Total property and equipment, net $ 22,446 $ 41,872 Depreciation expense for the nine months ended September 30, 2023, and 2022, was $ 19,425 0

LOAN PAYABLE

LOAN PAYABLE	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
LOAN PAYABLE	NOTE 5 – LOAN PAYABLE On May 27, 2020, the Company received a $ 150,000 3.75 thirty years 731 150,000

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 6 - RELATED PARTY TRANSACTIONS Due from related parties consists of receivables of $ 416,750 416,750 65,800 65,800 During the nine months ended September 30, 2023, Reddington Partners LLC, a majority shareholder, advanced the Company $ 23,256 85,709 62,453 40,000 40,000 The Company has an office lease dated January 1, 2023, with a term of five years 1,625 4,062 3 Per the terms of Mr. Shah’s employment agreement, he received between 50 75 533,750 495,625 35,750 226,800 55

COMMON STOCK

COMMON STOCK	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
COMMON STOCK	NOTE 7 – COMMON STOCK The Company has authorized 480,000,000 0.00001 Effective February 24, 2022, the Company effectuated a 1 for 10,000 reverse stock split On March 28, 2023, the Company issued 894,113 0.50 447,057 On March 28, 2023, the Company issued another 894,113 0.50 447,057 On June 9, 2023, the Company issued 100,000 0.50 50,000 On July 17, 2023, the Company issued 240,000 0.50 220,000 On August 17, 2023, the Company granted 370,000 0.50 185,000 As the Company’s common stock is not trading and there have been no current sales of common stock for cash management used the price of warrants recently issued ($ 0.50

PREFERRED STOCK

PREFERRED STOCK	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
PREFERRED STOCK	NOTE 8 – PREFERRED STOCK The Company has authorized 20,000,000 0.00001 Of the authorized preferred stock 1,000 10,000 100,000 On June 8, 2022, the Reddington Partners LLC converted the Series A Preferred Shares into 10,000,000

OPERATING LEASE

OPERATING LEASE	9 Months Ended
	Sep. 30, 2023
Operating Lease
OPERATING LEASE	NOTE 9 – OPERATING LEASE The Company has an office lease dated January 1, 2023, with a term of five years 1,625 4,062 3 SCHEDULE OF OPERATING LEASE Balance Sheet Classification September 30, 2023 Asset Operating lease asset Right of use asset $ 195,510 Total lease asset $ 195,510 Liability Operating lease liability – current portion Current operating lease liability $ 39,184 Operating lease liability – noncurrent portion Long-term operating lease liability 156,070 Total lease liability $ 195,254 Lease obligations at September 30, 2023 consisted of the following: SCHEDULE OF LEASE OBLIGATIONS For the year ended December 31: 2023 $ 12,186 2024 49,598 2025 51,720 2026 53,280 2027 54,876 Total payments 221,660 Amount representing interest (26,406 ) Lease obligation, net 195,254 Less current portion (39,184 ) Lease obligation – long term $ 156,070 Lease expense for the nine months ended September 30, 2023, was $ 38,569

WARRANTS

WARRANTS	9 Months Ended
	Sep. 30, 2023
Warrants
WARRANTS	NOTE 10 – WARRANTS On April 4, 2023, the Company issued warrants to GK Partners ApS to purchase up to 5,000,000 0.50 December 31, 2024 1,582,072 The assumptions used to determine the fair value of the Warrants as follows: SCHEDULE OF FAIR VALUE OF THE WARRANTS Expected life (years) 1.75 Risk-free interest rate 3.84 % Expected volatility 132.96 % Dividend yield 0 % SCHEDULE OF WARRANT ACTIVITY Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contract Term Intrinsic Value Outstanding, December 31, 2022 — — — - Issued 5,000,000 $ 0.50 1.75 - Cancelled — $ — — - Exercised — $ — — - Outstanding, September 30, 2023 5,000,000 $ 0.50 1.25 $ —

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 11 - SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, from the balance sheet date through the date the financial statements were issued and has determined that no material subsequent events exist.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Company’s unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending December 31, 2023. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended July 31, 2022, and the Form 8-K filed on March 31, 2023. The Company had elected to change its fiscal year end from July 31 to December 31.
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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less as cash and cash equivalents. The carrying amount of financial instruments included in cash and cash equivalents approximates fair value because of the short maturities for the instruments held. The Company had no
Basic and Diluted Earnings Per Share	Basic and Diluted Earnings Per Share Net income (loss) per common share is computed pursuant to ASC 260-10-45, Earnings per Share—Overall—Other Presentation Matters 5,000,000 0
Revenue Recognition	Revenue Recognition The Company follows ASC 606, Revenue from Contracts with Customers
Cost of Revenue	Cost of Revenue Cost of revenues includes commission expense paid during the period.
Accounts Receivable	Accounts Receivable The Company evaluates the collectability of its trade accounts receivable based on a number of factors. In circumstances where the Company becomes aware of a specific customer’s inability to meet its financial obligations to the Company, a specific reserve for bad debts is estimated and recorded, which reduces the recognized receivable to the estimated amount the Company believes will ultimately be collected. In addition to specific customer identification of potential bad debts, bad debt charges are recorded based on the Company’s historical losses and an overall assessment of past due trade accounts receivable outstanding.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit losses on Financial Instruments.” The ASU, as amended, requires an entity to measure expected credit losses for financial assets carried at amortized cost based on historical experience, current conditions, and reasonable and supportable forecasts. Among other things, the ASU also amended the impairment model for available for sale securities and addressed purchased financial assets with deterioration. The Company has adopted the ASU for its fiscal year ending December 31, 2023, and has elected to fair value any financial assets held. As of September 30, 2023 and December 31, 2022, there are no assets that are within the scope of ASC 326. The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT	Property and equipment, net consists of the following: SCHEDULE OF PROPERTY AND EQUIPMENT September 30, 2023 December 31, 2022 Leasehold Improvement $ 32,125 $ 32,125 Computer 11,770 11,770 Equipment 147,409 147,409 Total 191,304 191,304 Less: accumulated depreciation and amortization (168,858 ) (149,432 ) Total property and equipment, net $ 22,446 $ 41,872

OPERATING LEASE (Tables)

OPERATING LEASE (Tables)	9 Months Ended
	Sep. 30, 2023
Operating Lease
SCHEDULE OF OPERATING LEASE	SCHEDULE OF OPERATING LEASE Balance Sheet Classification September 30, 2023 Asset Operating lease asset Right of use asset $ 195,510 Total lease asset $ 195,510 Liability Operating lease liability – current portion Current operating lease liability $ 39,184 Operating lease liability – noncurrent portion Long-term operating lease liability 156,070 Total lease liability $ 195,254
SCHEDULE OF LEASE OBLIGATIONS	Lease obligations at September 30, 2023 consisted of the following: SCHEDULE OF LEASE OBLIGATIONS For the year ended December 31: 2023 $ 12,186 2024 49,598 2025 51,720 2026 53,280 2027 54,876 Total payments 221,660 Amount representing interest (26,406 ) Lease obligation, net 195,254 Less current portion (39,184 ) Lease obligation – long term $ 156,070

WARRANTS (Tables)

WARRANTS (Tables)	9 Months Ended
	Sep. 30, 2023
Warrants
SCHEDULE OF FAIR VALUE OF THE WARRANTS	The assumptions used to determine the fair value of the Warrants as follows: SCHEDULE OF FAIR VALUE OF THE WARRANTS Expected life (years) 1.75 Risk-free interest rate 3.84 % Expected volatility 132.96 % Dividend yield 0 %
SCHEDULE OF WARRANT ACTIVITY	SCHEDULE OF WARRANT ACTIVITY Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contract Term Intrinsic Value Outstanding, December 31, 2022 — — — - Issued 5,000,000 $ 0.50 1.75 - Cancelled — $ — — - Exercised — $ — — - Outstanding, September 30, 2023 5,000,000 $ 0.50 1.25 $ —

NATURE OF OPERATIONS (Details N

NATURE OF OPERATIONS (Details Narrative) - USD ($)			3 Months Ended
	Mar. 30, 2023	May 11, 2022	Mar. 31, 2023	Jun. 08, 2022
Reddington Partners LLC [Member]
Ownership percentage		98.70%
Mag Mile Capital [Member]
Ownership percentage	88%
Common Stock [Member]
Number of preferred shares converted		10,000,000
Stock issued during period shares acquisitions			87,424,424
Mag Mile Capital [Member]
Stock issued during period shares acquisitions	87,424,424
Stock Purchase Agreement [Member]
Consideration received on transaction		$ 495,000
G Reed Petersen Irrevocable Trust [Member] | Series A Preferred Stock [Member]
Sale of issued and outstanding shares		1,000
Reddington Partners LLC [Member] | Common Stock [Member]
Number of preferred shares converted				10,000,000

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Accounting Policies [Abstract]
Cash equivalents	$ 0		$ 0
Dilutive shares of common stock	5,000,000	0

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 83,919	$ 1,487,672	$ 1,187,507	$ (294,054)	$ (196,452)	$ (82,042)	$ 2,759,098	$ (572,588)
Stock based compensation							1,582,072
Net cash (used) provided by operating activities							$ 235,104	$ (459,117)

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total	$ 191,304	$ 191,304
Less: accumulated depreciation and amortization	(168,858)	(149,432)
Total property and equipment, net	22,446	41,872
Leaseholds and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total	32,125	32,125
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	11,770	11,770
Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	$ 147,409	$ 147,409

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 19,425

LOAN PAYABLE (Details Narrative

LOAN PAYABLE (Details Narrative)	May 27, 2020 USD ($)
Debt Disclosure [Abstract]
Debt instrument principal amount	$ 150,000
Debt instrument interest percentage	3.75%
Debt instrument term	30 years
Debt instrument principal and interest	$ 731
Debt instrument interest and remaining balance	$ 150,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jan. 01, 2023 ft²	Dec. 31, 2022 USD ($)
Related Party Transaction [Line Items]
General operating expenses			$ 48,060	$ 77,649
Operating lease term					5 years
Area of land | ft²					1,625
Payments for rent			$ 4,062
Annual rate adjustment	3%		3%
Mr Shahs [Member] | Employment Agreement [Member]
Related Party Transaction [Line Items]
Commissions earned	$ 35,750	$ 226,800	$ 533,750	$ 495,625
Mr Shahs [Member] | Employment Agreement [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Revenue percentage	50%		50%
Commission percentage	55%		55%
Mr Shahs [Member] | Employment Agreement [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Revenue percentage	75%		75%
Related Party [Member]
Related Party Transaction [Line Items]
Due from related parties	$ 482,550		$ 482,550			$ 482,550
Related Party [Member] | Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Due from related parties	65,800		65,800			65,800
Magmile Capital LLC [Member] | Related Party [Member]
Related Party Transaction [Line Items]
Due from related parties	416,750		416,750			416,750
Loan payable	40,000		40,000			40,000
Reddington Partners LLC [Member]
Related Party Transaction [Line Items]
General operating expenses			23,256
Reddington Partners LLC [Member] | Related Party [Member]
Related Party Transaction [Line Items]
Advance to related party	$ 85,709		$ 85,709			$ 62,453

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($)						3 Months Ended
	Aug. 17, 2023	Jul. 17, 2023	Jun. 09, 2023	Mar. 28, 2023	Feb. 24, 2022	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock, shares authorized						480,000,000			480,000,000
Common stock, par value						$ 0.00001			$ 0.00001
Common stock, reserve stock split					1 for 10,000 reverse stock split
Non cash expense						$ 305,000	$ 50,000	$ 894,114
Common Stock One [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued for services				894,113
Share issued price per share				$ 0.50
Non cash expense				$ 447,057
Common Stock Two [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued for services				894,113
Share issued price per share				$ 0.50
Non cash expense				$ 447,057
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued for services	370,000	240,000	100,000			610,000	100,000	1,788,227
Share issued price per share	$ 0.50	$ 0.50	$ 0.50
Non cash expense	$ 185,000	$ 220,000	$ 50,000			$ 6	$ 1	$ 18

PREFERRED STOCK (Details Narrat

PREFERRED STOCK (Details Narrative) - $ / shares	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	Jun. 08, 2022	May 11, 2022
Class of Stock [Line Items]
Preferred stock, shares designated	20,000,000	20,000,000
Preferred stock, par value	$ 0.00001	$ 0.00001
Common Stock [Member]
Class of Stock [Line Items]
Number of preferred stock convertible				10,000,000
Reddington Partners LLC [Member] | Common Stock [Member]
Class of Stock [Line Items]
Number of preferred stock convertible			10,000,000
Series A Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares designated	1,000
Number of shares converted into common shares	10,000
Voting rights per share	100,000

SCHEDULE OF OPERATING LEASE (De

SCHEDULE OF OPERATING LEASE (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Operating Lease
Operating lease asset	$ 195,510
Total lease asset	195,510
Operating lease liability – current portion	39,184
Operating lease liability – noncurrent portion	156,070
Total lease liability	$ 195,254

SCHEDULE OF LEASE OBLIGATIONS (

SCHEDULE OF LEASE OBLIGATIONS (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Operating Lease
2023	$ 12,186
2024	49,598
2025	51,720
2026	53,280
2027	54,876
Total payments	221,660
Amount representing interest	(26,406)
Total lease liability	195,254
Less current portion	(39,184)
Lease obligation – long term	$ 156,070

OPERATING LEASE (Details Narrat

OPERATING LEASE (Details Narrative)	9 Months Ended
	Sep. 30, 2023 USD ($)	Jan. 01, 2023 ft²
Operating Lease
Operating lease term		5 years
Area of land | ft²		1,625
Payments for rent	$ 4,062
Annual rate adjustment	3%
Operating lease expense	$ 38,569

SCHEDULE OF FAIR VALUE OF THE W

SCHEDULE OF FAIR VALUE OF THE WARRANTS (Details)	Sep. 30, 2023
Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected term (in years)	1 year 9 months
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected dividend yield	3.84
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected dividend yield	132.96
Measurement Input, Expected Dividend Payment [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected dividend yield	0

SCHEDULE OF WARRANT ACTIVITY (D

SCHEDULE OF WARRANT ACTIVITY (Details)	9 Months Ended
	Sep. 30, 2023 USD ($) $ / shares shares
Warrants
Number of Warrants, Outstanding, Balance | shares
Weighted Average Exercise Price, Outstanding, Balance | $ / shares
Aggregate Intrinsic Value, Outstanding | $
Number of Warrants, Granted | shares	5,000,000
Weighted Average Exercise Price, Granted | $ / shares	$ 0.50
Weighted Average Remaining Contractual Term (Years), Outstanding	1 year 9 months
Number of Warrants, Cancelled/Forfeited | shares
Weighted Average Exercise Price, Cancelled/Forfeited | $ / shares
Number of Warrants, Exercised | shares
Weighted Average Exercise Price, Exercised | $ / shares
Number of Warrants, Outstanding, Balance | shares	5,000,000
Weighted Average Exercise Price, Outstanding, Balance | $ / shares	$ 0.50
Weighted Average Remaining Contractual Term (Years), Outstanding	1 year 3 months
Aggregate Intrinsic Value, Outstanding | $

WARRANTS (Details Narrative)

WARRANTS (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Apr. 04, 2023
Warrants maturity date	Dec. 31, 2024
Fair value of warrants	$ 1,582,072
Warrant [Member]
Warrants price per share		$ 0.50
GK Partners Aps [Member] | Warrant [Member]
Class of warrant or right outstanding		5,000,000