Mag Mile Capital (MMCP) 10-Q 19 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - $ / shares	6 Months Ended
	Jun. 30, 2024	Aug. 19, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
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
Entity Listing, Par Value Per Share	$ 0.00001

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current Assets:
Cash	$ 123,285	$ 56,222
Accounts receivable	372,500
Draws against commissions	263,292	208,344
Prepaid stock compensation	185,000	185,000
Total Current Assets	944,077	449,566
Operating lease right of use asset	290,623	318,114
Property and equipment, net	3,021	15,971
Total other assets	293,644	334,085
Total Assets	1,237,721	783,651
Current Liabilities:
Accounts payable and accruals	111,214	74,318
Operating lease liability – current portion	66,665	55,036
Total Current Liabilities	278,517	229,992
Long Term Liabilities:
Operating lease liability – net of current portion	287,987	297,529
Loan payable, net of current portion	139,362	139,362
Long Term Liabilities	427,349	436,891
Total Liabilities	705,866	666,883
Commitments and contingencies
Stockholders’ Equity (Deficit):
Preferred stock, value
Common stock, $0.00001 par value, 480,000,000 shares authorized; 100,055,935 shares issued and outstanding	1,000	1,000
Additional paid in capital	2,804,236	2,804,236
Accumulated deficit	(2,273,381)	(2,688,468)
Total stockholders’ equity	531,855	116,768
Total Liabilities and Stockholders’ Equity	1,237,721	783,651
Series A Preferred Stock [Member]
Stockholders’ Equity (Deficit):
Preferred stock, value
Nonrelated Party [Member]
Current Liabilities:
Loan payable	10,638	10,638
Related Party [Member]
Current Liabilities:
Loan payable	$ 90,000	$ 90,000

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	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	100,055,935
Common stock, shares outstanding	100,055,935	100,055,935
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Revenue	$ 1,264,300	$ 612,811	$ 1,796,893	$ 1,114,311
Gross margin	734,022	340,630	934,111	260,070
Operating expenses:
Stock based compensation		1,582,072		1,582,072
Professional fees	32,300	30,949	58,800	528,756
Payroll expense	88,129	84,775	167,162	133,069
General and administrative	130,537	130,507	288,676	680,692
Total operating expenses	250,966	1,828,303	514,638	2,924,589
Income (loss) from operations	483,056	(1,487,673)	419,473	(2,664,519)
Other expense:
Interest expense	(2,193)	(5,217)	(4,386)	(5,217)
Total other expense	(2,193)	(5,217)	(4,386)	(5,217)
Net income (loss) before income tax	480,863	(1,492,890)	415,087	(2,669,736)
Income tax
Net Income (Loss)	$ 480,863	$ (1,492,890)	$ 415,087	$ (2,669,736)
Income (Loss) per share, basic	$ 0	$ (0.02)	$ 0	$ (0.05)
Income (Loss) per share, diluted	$ 0	$ (0.02)	$ 0	$ (0.05)
Weighted average shares outstanding, basic	100,055,935	99,369,012	100,055,935	53,134,542
Weighted average shares outstanding, diluted	105,055,935	99,369,012	105,055,935	53,134,542
Nonrelated Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Commission expense	$ (364,288)	$ (218,281)	$ (590,627)	$ (356,241)
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Commission expense	$ (165,990)	$ (53,900)	$ (272,155)	$ (498,000)

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, 2022	$ 101		$ 426,500	$ 427,022	$ 853,623
Balance, shares at Dec. 31, 2022	10,133,284
Net loss				(1,176,846)	(1,176,846)
Stock issued for services	$ 18		894,096		894,114
Stock issued for services, shares	1,788,224
Shares issued for reverse acquisition	$ 874		(874)
Shares issued for reverse acquisition, shares	87,424,424
Balances at Mar. 31, 2023	$ 993		1,319,722	(749,824)	570,891
Balance, shares at Mar. 31, 2023	99,345,932
Balances at Dec. 31, 2022	$ 101		426,500	427,022	853,623
Balance, shares at Dec. 31, 2022	10,133,284
Net loss					(2,669,736)
Balances at Jun. 30, 2023	$ 994		2,951,793	(2,242,714)	710,073
Balance, shares at Jun. 30, 2023	99,445,932
Balances at Mar. 31, 2023	$ 993		1,319,722	(749,824)	570,891
Balance, shares at Mar. 31, 2023	99,345,932
Net loss				(1,492,890)	(1,492,890)
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		2,951,793	(2,242,714)	710,073
Balance, shares at Jun. 30, 2023	99,445,932
Balances at Dec. 31, 2023	$ 1,000		2,804,236	(2,688,468)	116,768
Balance, shares at Dec. 31, 2023	100,055,935
Net loss				(65,776)	(65,776)
Balances at Mar. 31, 2024	$ 1,000		2,804,236	(2,754,244)	50,992
Balance, shares at Mar. 31, 2024	100,055,935
Balances at Dec. 31, 2023	$ 1,000		2,804,236	(2,688,468)	116,768
Balance, shares at Dec. 31, 2023	100,055,935
Net loss					415,087
Balances at Jun. 30, 2024	$ 1,000		2,804,236	(2,273,381)	531,855
Balance, shares at Jun. 30, 2024	100,055,935
Balances at Mar. 31, 2024	$ 1,000		2,804,236	(2,754,244)	50,992
Balance, shares at Mar. 31, 2024	100,055,935
Net loss				480,863	480,863
Balances at Jun. 30, 2024	$ 1,000		$ 2,804,236	$ (2,273,381)	$ 531,855
Balance, shares at Jun. 30, 2024	100,055,935

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities:
Net income (loss)	$ 415,087	$ (2,669,736)
Adjustments to reconcile net loss to net cash used in Operating activities:
Common stock issued for services		944,114
Warrant expense		1,582,072
Depreciation expense	12,950	6,476
Operating lease expense	29,578	248
Changes in Operating Assets and Liabilities:
Accounts receivable	(372,500)	(69,420)
Draws against commissions	(54,948)	(94,114)
Accounts payable and accruals	36,896	(23,382)
Net cash used by operating activities	67,063	(323,742)
Cash Flows from Investing Activities:
Cash Flows from Financing Activities:
Proceeds from related parties	90,000	10,800
Repayment of related party loans	(90,000)
Loan payable		831
Net cash provided (used) by financing activities		11,631
Net change in cash	67,063	(312,111)
Cash, at beginning of period	56,222	374,091
Cash, at end of period	123,285	61,980
Supplemental Non-Cash Disclosure:
Cash paid for interest
Cash paid for taxes
Non-cash financing activity:
Establish right of use of asset		$ 373,489

NATURE OF OPERATIONS

NATURE OF OPERATIONS	6 Months Ended
	Jun. 30, 2024
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”) (formerly Myson, Inc.) 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

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2024
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, 2024. 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 December 31, 2023. 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 Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. At times, such deposits may exceed the Federal Deposit Insurance Corporation insurable limit. 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 For the three months ended June 30, 2024, the Company recognized 30 29.5 23.3 For the six months ended June 30, 2024, the Company recognized 30.5 20.7 16.4 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. As of June 30, 2024, 100 Draws Against Commissions Draws against commissions are payments made to originators, brokers or sales people that are the procuring cause for bringing in a transaction for financing, in lieu of future commissions to be received. This acts as an unsecured working capital loan paid to the sales people until the actual commission is earned and/or received. 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 updated guidance has not had any material impact on the Company’s disclosures. 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	6 Months Ended
	Jun. 30, 2024
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. For the six months ended June 30, 2024, we had net income of $ 415,087 67,063 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.

REVERSE MERGER

REVERSE MERGER	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
REVERSE MERGER	NOTE 4 – REVERSE MERGER On March 30, 2023, Myson, Inc, a public company, and Megamile Capital, Inc. d/b/a Mag Mile Capital f/k/a CSF Capital LLC (“Mag Mile Capital”), a private company, completed a reverse merger transaction. Under the terms of the agreement, Mag Mile Capital shareholders received 87,424,424 For accounting purposes, Mag Mile Capital is considered the acquirer, and the transaction is considered a capital transaction in substance (i.e., the issuance of stock by Mag Mile Capital for the net monetary assets of Myson, Inc. Therefore, the assets and liabilities of Mag Mile Capital are carried forward at their historical cost, and the assets and liabilities of Myson, Inc. are adjusted to fair value. The equity structure (i.e., the number and type of equity interests issued) in the consolidated financial statements reflects the equity structure of Myson, Inc., the legal parent, including the equity interests the legal parent issued to effect the merger. Accordingly, the equity structure of Mag Mile Capital, the accounting acquirer, is restated using the exchange ratio established in the merger to reflect the number of shares (or other equity interests) issued by the legal parent to effect the merger. The operations of Myson, Inc. are included in the consolidated statement of operations from the date of the merger. The comparative periods in the financial statements are those of the Mag Mile Capital before the merger.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 5 - PROPERTY AND EQUIPMENT Property and equipment, net consists of the following: SCHEDULE OF PROPERTY AND EQUIPMENT June 30, 2024 December 31, 2023 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 (188,283 ) (175,333 ) Total property and equipment, net $ 3,021 $ 15,971 Depreciation expense for the six months ended June 30, 2024, and 2023, was $ 12,950 6,476

LOAN PAYABLE

LOAN PAYABLE	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
LOAN PAYABLE	NOTE 6 – 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	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 7 - RELATED PARTY TRANSACTIONS As of June 30, 2024 and December 31, 2023, the Company has a loan payable due to Mag Mile Capital LLC of $ 90,000 90,000 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 75 165,990 53,900 272,155 498,000 55

COMMON STOCK

COMMON STOCK	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
COMMON STOCK	NOTE 8 – COMMON STOCK The Company has authorized 480,000,000 0.00001

PREFERRED STOCK

PREFERRED STOCK	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
PREFERRED STOCK	NOTE 9 – PREFERRED STOCK The Company has authorized 20,000,000 0.00001 Of the authorized preferred stock 1,000 10,000 100,000 voting rights per share

OPERATING LEASE

OPERATING LEASE	6 Months Ended
	Jun. 30, 2024
Operating Lease
OPERATING LEASE	NOTE 10 – OPERATING LEASE The Company has an office lease dated January 1, 2023, with a term of five years 1,625 4,062 3 6 SCHEDULE OF OPERATING LEASE Balance Sheet Classification June 30, 2024 Asset Operating lease asset Right of use asset $ 290,623 Total lease asset $ 290,623 Liability Operating lease liability – current portion Current operating lease liability $ 66,665 Operating lease liability – noncurrent portion Long-term operating lease liability 287,987 Total lease liability $ 354,652 Lease obligations at June 30, 2024 consisted of the following: SCHEDULE OF LEASE OBLIGATIONS For the year ended December 31: 2024 $ 33,150 2025 83,850 2026 83,850 2027 83,850 2028 83,850 Total payments 368,550 Amount representing interest (13,898 ) Lease obligation, net 354,652 Less current portion (66,665 ) Lease obligation – long term $ 287,987 Lease expense for the six months ended June 30, 2024 was $ 36,980

WARRANTS

WARRANTS	6 Months Ended
	Jun. 30, 2024
Warrants
WARRANTS	NOTE 11 – WARRANTS On April 4, 2023, the Company issued warrants to GK Partners ApS to purchase up to 5,000,000 Compensation — Stock Compensation, The Warrants are exercisable for shares of the Company’s common stock at a price of $ 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, December 31, 2023 5,000,000 $ 0.50 1.25 $ — Issued — $ — — — Cancelled — $ — — — Exercised — $ — — — Outstanding, June 30, 2024 5,000,000 $ 0.50 1.00 $ —

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 12 - 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)	6 Months Ended
	Jun. 30, 2024
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, 2024. 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 December 31, 2023.
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
Concentrations of Credit Risk	Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. At times, such deposits may exceed the Federal Deposit Insurance Corporation insurable limit.
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 For the three months ended June 30, 2024, the Company recognized 30 29.5 23.3 For the six months ended June 30, 2024, the Company recognized 30.5 20.7 16.4
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. As of June 30, 2024, 100
Draws Against Commissions	Draws Against Commissions Draws against commissions are payments made to originators, brokers or sales people that are the procuring cause for bringing in a transaction for financing, in lieu of future commissions to be received. This acts as an unsecured working capital loan paid to the sales people until the actual commission is earned and/or received.
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 updated guidance has not had any material impact on the Company’s disclosures. 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)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT	Property and equipment, net consists of the following: SCHEDULE OF PROPERTY AND EQUIPMENT June 30, 2024 December 31, 2023 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 (188,283 ) (175,333 ) Total property and equipment, net $ 3,021 $ 15,971

OPERATING LEASE (Tables)

OPERATING LEASE (Tables)	6 Months Ended
	Jun. 30, 2024
Operating Lease
SCHEDULE OF OPERATING LEASE	SCHEDULE OF OPERATING LEASE Balance Sheet Classification June 30, 2024 Asset Operating lease asset Right of use asset $ 290,623 Total lease asset $ 290,623 Liability Operating lease liability – current portion Current operating lease liability $ 66,665 Operating lease liability – noncurrent portion Long-term operating lease liability 287,987 Total lease liability $ 354,652
SCHEDULE OF LEASE OBLIGATIONS	Lease obligations at June 30, 2024 consisted of the following: SCHEDULE OF LEASE OBLIGATIONS For the year ended December 31: 2024 $ 33,150 2025 83,850 2026 83,850 2027 83,850 2028 83,850 Total payments 368,550 Amount representing interest (13,898 ) Lease obligation, net 354,652 Less current portion (66,665 ) Lease obligation – long term $ 287,987

WARRANTS (Tables)

WARRANTS (Tables)	6 Months Ended
	Jun. 30, 2024
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, December 31, 2023 5,000,000 $ 0.50 1.25 $ — Issued — $ — — — Cancelled — $ — — — Exercised — $ — — — Outstanding, June 30, 2024 5,000,000 $ 0.50 1.00 $ —

NATURE OF OPERATIONS (Details N

NATURE OF OPERATIONS (Details Narrative) - USD ($)			3 Months Ended
	Mar. 30, 2023	May 11, 2022	Mar. 31, 2023	Jun. 30, 2024	Dec. 31, 2023	Jun. 08, 2022
Reddington Partners LLC [Member]
Ownership percentage		98.70%
Mag Mile Capital [Member]
Ownership percentage	88%
Capital raised in real estate financing				$ 9,000,000,000
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
Series A Preferred Stock [Member]
Preferred stock, shares issued				0	0
Preferred stock, shares outstanding				0	0
G Reed Petersen Irrevocable Trust [Member] | Series A Preferred Stock [Member]
Preferred stock, shares issued		1,000
Preferred stock, shares outstanding		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 ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Product Information [Line Items]
Cash equivalents	$ 0	$ 0		$ 0
Dilutive shares of common stock		5,000,000	0
Customer One [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk, percentage	30%	30.50%
Customer One [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk, percentage		100%
Customer Two [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk, percentage	29.50%	20.70%
Customer Three [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk, percentage	23.30%	16.40%

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net income (loss)	$ 480,863	$ (65,776)	$ (1,492,890)	$ (1,176,846)	$ 415,087	$ (2,669,736)
Net cash (used) provided by operating activities					$ 67,063	$ (323,742)

REVERSE MERGER (Details Narrati

REVERSE MERGER (Details Narrative) - Common Stock [Member] - shares		3 Months Ended
	Mar. 30, 2023	Mar. 31, 2023
Business Acquisition [Line Items]
Shares issued for reverse acquisition, shares		87,424,424
Myson Inc [Member]
Business Acquisition [Line Items]
Shares issued for reverse acquisition, shares	87,424,424

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Total	$ 191,304	$ 191,304
Less: accumulated depreciation and amortization	(188,283)	(175,333)
Total property and equipment, net	3,021	15,971
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 ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 12,950	$ 6,476

LOAN PAYABLE (Details Narrative

LOAN PAYABLE (Details Narrative) - USD ($)	May 27, 2020	Jun. 30, 2024	Dec. 31, 2023
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 remaining		$ 150,000	$ 150,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Jan. 01, 2023 ft²
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Operating lease term						5 years
Area of land | ft²						1,625
Payments for rent			$ 4,062
Annual rate adjustment	3%		3%
Chief Executive Officer [Member] | Employment Agreement [Member]
Related Party Transaction [Line Items]
Comission earned	$ 165,990	$ 53,900	$ 272,155	$ 498,000
Commission percentage	55%		55%
Chief Executive Officer [Member] | Employment Agreement [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Revenue percentage	50%		50%
Chief Executive Officer [Member] | Employment Agreement [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Revenue percentage	75%		75%
Mag Mile Capital LLC [Member] | Related Party [Member]
Related Party Transaction [Line Items]
Due to related parties	$ 90,000		$ 90,000		$ 90,000

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Equity [Abstract]
Common stock, shares authorized	480,000,000	480,000,000
Common stock, par value	$ 0.00001	$ 0.00001

PREFERRED STOCK (Details Narrat

PREFERRED STOCK (Details Narrative) - $ / shares	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Class of Stock [Line Items]
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, par value	$ 0.00001	$ 0.00001
Series A Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	1,000
Number of shares converted into common shares	10,000
Description of voting rights	100,000 voting rights per share

SCHEDULE OF OPERATING LEASE (De

SCHEDULE OF OPERATING LEASE (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Operating Lease
Operating lease asset	$ 290,623	$ 318,114
Total lease asset	290,623	318,114
Operating lease liability – current portion	66,665	55,036
Operating lease liability – noncurrent portion	287,987	$ 297,529
Total lease liability	$ 354,652

SCHEDULE OF LEASE OBLIGATIONS (

SCHEDULE OF LEASE OBLIGATIONS (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Operating Lease
2024	$ 33,150
2025	83,850
2026	83,850
2027	83,850
2028	83,850
Total payments	368,550
Amount representing interest	(13,898)
Total lease liability	354,652
Less current portion	(66,665)	$ (55,036)
Lease obligation – long term	$ 287,987	$ 297,529

OPERATING LEASE (Details Narrat

OPERATING LEASE (Details Narrative)	6 Months Ended
	Jun. 30, 2024 USD ($)	Jan. 01, 2023 ft²
Defined Benefit Plan Disclosure [Line Items]
Lease expense	$ 36,980
Chief Executive Officer [Member]
Defined Benefit Plan Disclosure [Line Items]
Operating lease term		5 years
Area of land | ft²		1,625
Payments for rent	$ 4,062
Annual rate adjustment	3%
Discount rate	6%

SCHEDULE OF FAIR VALUE OF THE W

SCHEDULE OF FAIR VALUE OF THE WARRANTS (Details)	Jun. 30, 2024
Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected life (years)	1 year 9 months
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	3.84
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	132.96
Measurement Input, Expected Dividend Payment [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0

SCHEDULE OF WARRANT ACTIVITY (D

SCHEDULE OF WARRANT ACTIVITY (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Warrants
Number of Warrants, Outstanding	5,000,000
Weighted Average Exercise Price, Outstanding	$ 0.50
Number of Warrants, Issued		5,000,000
Weighted Average Exercise Price, Issued		$ 0.50
Weighted Average Remaining Contractual Term (Years), Outstanding, Issued		1 year 9 months
Number of Warrants, Cancelled
Weighted Average Exercise Price, Cancelled
Number of Warrants, Exercised
Weighted Average Exercise Price, Exercised
Weighted Average Remaining Contractual Term (Years), Outstanding	1 year	1 year 3 months
Aggregate Intrinsic Value, Outstanding
Number of Warrants, Outstanding	5,000,000	5,000,000
Weighted Average Exercise Price, Outstanding	$ 0.50	$ 0.50
Aggregate Intrinsic Value, Outstanding

WARRANTS (Details Narrative)

WARRANTS (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2024	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