Cover
Cover - USD ($) | 12 Months Ended | ||
Aug. 31, 2023 | Oct. 09, 2023 | Feb. 28, 2023 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Aug. 31, 2023 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2023 | ||
Current Fiscal Year End Date | --08-31 | ||
Entity File Number | 333-259772 | ||
Entity Registrant Name | PLASMA INNOVATIVE INC | ||
Entity Central Index Key | 0001883835 | ||
Entity Tax Identification Number | 87-1918342 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Address, Address Line One | 523 School House Rd. | ||
Entity Address, City or Town | Kennett Square | ||
Entity Address, State or Province | PA | ||
Entity Address, Postal Zip Code | 19348 | ||
City Area Code | 267 | ||
Local Phone Number | 467-5871 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
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 Public Float | $ 3,094,669 | ||
Entity Common Stock, Shares Outstanding | 15,466,668 | ||
Document Financial Statement Error Correction [Flag] | false | ||
Auditor Name | BF Borgers CPA PC | ||
Auditor Firm ID | 5041 | ||
Auditor Location | Lakewood, CO |
BALANCE SHEET
BALANCE SHEET - USD ($) | Aug. 31, 2023 | Aug. 31, 2022 |
Current Assets | ||
Cash and cash equivalents | $ 6,449 | $ 86,139 |
Short-term investments | 40,000 | |
Total Current Assets | 46,449 | 86,139 |
Property, Plant and Equipment, net | 769 | 1,029 |
Total Assets | 47,218 | 87,168 |
Current liabilities | ||
Account payable | 1,000 | 3,366 |
Total Current Liabilities | 1,000 | 3,366 |
Total Liabilities | 1,000 | 3,366 |
Stockholders’ Equity | ||
Preferred stock, par value $0.001; 10,000,000 shares authorized; 0 shares issued and outstanding | ||
Common stock, par value $0.001; 65,000,000 shares authorized, 15,466,668 shares issued and outstanding | 15,467 | 15,467 |
Additional paid in capital | 124,700 | 124,700 |
Accumulated deficit | (93,949) | (56,365) |
Total Stockholder’s Equity | 46,218 | 83,802 |
Total Liabilities and Stockholder’s Equity | $ 47,218 | $ 87,168 |
BALANCE SHEET (Parenthetical)
BALANCE SHEET (Parenthetical) - $ / shares | Aug. 31, 2023 | Aug. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value per share | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value per share | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 65,000,000 | 65,000,000 |
Common stock, shares issued | 15,466,668 | 15,466,668 |
Common stock, shares outstanding | 15,466,668 | 15,466,668 |
STATEMENT OF OPERATIONS
STATEMENT OF OPERATIONS - USD ($) | 12 Months Ended | |
Aug. 31, 2023 | Aug. 31, 2022 | |
Operating expenses | ||
General and administrative expenses | $ 37,855 | $ 54,953 |
Total operating expenses | 37,855 | 54,953 |
Net Loss from operations | (37,855) | (54,953) |
Interest income | 271 | 40 |
Loss before income tax | (37,584) | (54,913) |
Provision for income taxes | ||
Net loss | $ (37,584) | $ (54,913) |
Net Loss Per Share: Basic | $ 0 | $ 0 |
Net Loss Per Share: Diluted | $ 0 | $ 0 |
Weighted Average Number of Shares Outstanding: Basic | 15,466,668 | 15,466,668 |
Weighted Average Number of Shares Outstanding: Diluted | 15,466,668 | 15,466,668 |
STATEMENT OF CHANGES IN STOCKHO
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Aug. 31, 2021 | $ 15,356 | $ 124,700 | $ (1,452) | $ 138,604 |
Beginning balance, shares at Aug. 31, 2021 | 15,355,556 | |||
Net loss | (54,913) | (54,913) | ||
Shares issued for intangible assets at 0.001 per share on January 16, 2022 | $ 111 | 111 | ||
Shares Issued for intangible assets, (in shares) | 111,112 | |||
Ending balance, value at Aug. 31, 2022 | $ 15,467 | 124,700 | (56,365) | 83,802 |
Ending balance, shares at Aug. 31, 2022 | 15,466,668 | |||
Net loss | (37,584) | (37,584) | ||
Ending balance, value at Aug. 31, 2023 | $ 15,467 | $ 124,700 | $ (93,949) | $ 46,218 |
Ending balance, shares at Aug. 31, 2023 | 15,466,668 |
STATEMENT OF CASH FLOWS
STATEMENT OF CASH FLOWS - USD ($) | 12 Months Ended | |
Aug. 31, 2023 | Aug. 31, 2022 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss for the period | $ (37,584) | $ (54,913) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||
Shares issued for Director compensations | 111 | |
Account payable increase | (2,366) | 3,366 |
Depreciation expense | 260 | 260 |
Prepaid expense decrease | 11,000 | |
Net Cash Used in Operating Activities | (39,690) | (40,176) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Investment in short-term investments | (40,000) | |
Purchase of property, plant, and equipment | (1,289) | |
Net Cash used in Investing Activities | (40,000) | (1,289) |
NET DECREASE IN CASH | (79,690) | (41,465) |
Cash, beginning of the year | 86,139 | 127,604 |
Cash, end of the year | 6,449 | 86,139 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||
Cash paid for interest | ||
Cash paid for income tax | ||
NON-CASH FINANCING AND IVESTING ACTIVITIES: | ||
Common stock issued for services | $ 111 |
ORGANIZATION AND NATURE OF BUSI
ORGANIZATION AND NATURE OF BUSINESS | 12 Months Ended |
Aug. 31, 2023 | |
Accounting Policies [Abstract] | |
ORGANIZATION AND NATURE OF BUSINESS | ORGANIZATION AND NATURE OF BUSINESS Plasma Innovative Inc. (the “Company”, “we”, “us” or “our”) was incorporated on July 22, 2021, under the law of the State of Nevada for the purpose of researching, developing, designing, manufacturing, and distributing cold plasma equipment for application in the agriculture industry. |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
Aug. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 2 – GOING CONCERN The accompanying financial statements were prepared assuming the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. The Company had a net loss of $ 37,584 54,913 93,949 56,365 The historical operating results indicate the Company has recurring losses from operations which raise substantial doubt about the Company’s ability to continue as a going concern. |
BASIS OF PRESENTATION AND SUMMA
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Aug. 31, 2023 | |
Accounting Policies [Abstract] | |
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Although these estimates are based on management’s knowledge of current events and actions management may undertake in the future, actual results may ultimately differ from those estimates and such differences may be material to our consolidated financial statements. Cash and Short-term investments The Company considers all short-term, highly liquid investments, including certificates of deposit (“CDs”) purchased with an original maturity of three months or less at the date of purchase, to be cash equivalents. The Company classifies its certificates of deposit as cash and cash equivalents or short-term investments and reassesses the appropriateness of the classification of its investments at the end of each reporting period. Certificates of deposit held for investment with an original maturity greater than three months are carried at amortized cost and reported as short-term investments on the consolidated balance sheets. The Company had $ 6,449 86,139 As of August 31, 2023, the Company had $ 40,000 Property and Equipment Property and equipment are stated at cost, less accumulated depreciation. Major repairs and improvements that significantly extend original useful lives or improve productivity are capitalized and depreciated over the period benefited. Maintenance and repairs are expensed as incurred. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. The Company had property and equipment of $ 769 1,029 Depreciation, Amortization, and Capitalization The Company records depreciation and amortization when appropriate using straight-line balance method over the estimated useful life of the assets. The Company establishes a capitalization policy for its assets based on the dollar amount that is more than $1,000 in value or if its estimated useful life exceeds one year. The Company had depreciation expense of $ 260 260 Fair Value of Financial Instruments ASC Topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets. Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. Impairment of Long-lived Assets In accordance with FASB ASC 360-10, Accounting for the Impairment or Disposal of Long-lived Assets, long-lived assets such as property and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable, or it is reasonably possible that these assets could become impaired as a result of technological or other changes. The determination of recoverability of assets to be held and used is made by comparing the carrying amount of an asset to future undiscounted cash flow to be generated by the asset. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and law. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Comprehensive Income Comprehensive income is defined as all changes in stockholders’ equity (deficit), exclusive of transactions with owners, such as capital investments. Compressive income includes net income or loss, changes in certain assets, and liabilities that are reported directly in equity such as translation adjustments on investments. In foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. As of August 31, 2023, there were no differences between our comprehensive loss and net loss. Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effects is anti-dilutive. As of August 31, 2023, there were no potentially dilutive debt or equity instruments issued or outstanding. Recent Accounting Pronouncements As of August 31, 2023, and for the period then ended, there were no recently adopted accounting standards that had a material impact on the Company’s financial statements. There were no recently issued accounting standards not yet adopted which would have a material effect on the Company’s financial statements. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 12 Months Ended |
Aug. 31, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 4 – COMMITMENTS AND CONTINGENCIES On August 8, 2021, the Company entered into an Office Space Using Agreement with Pietro Industries Inc. (“Pietro”) for its office building located in 523 School House Road, Kennett Square, PA 19348. The agreement was to terminate on July 31, 2022. On September 18, 2021, but effective August 28, 2021, the Company and Pietro signed a termination agreement which effectively terminated the Office Space Using Agreement, and a separate Joint Testing and Evaluation Agreement are terminated and no longer in force or effect. On that same date, Pietro agreed to allow the Company to use 1,000 square feet at its premises month to month on a rent-free basis. |
COMMON STOCK
COMMON STOCK | 12 Months Ended |
Aug. 31, 2023 | |
Equity [Abstract] | |
COMMON STOCK | NOTE 5 - COMMON STOCK The Company has 75,000,000 shares of stock authorized, including 65,000,000 0.001 10,000,000 0.001 15,466,668 On August 6, 2021, the Company entered into the Technology Assignment Agreement with Hanliang Shao, a former director of the Company. Pursuant to the agreement, Mr. Saho conveyed to the Company all his rights, titles and interests in and to three separate technologies. In exchange, Mr. Shao will earn 4,000,000 shares of Company’s common stock upon the filing of a patent with the US Patent and Trademark Office (“USPTO”). In addition, Mr. Shao shall be entitled to receive a total of 2,000,000 additional shares of Company common stock issuable monthly over a three (3) year period beginning with the month of August 2021 (“Term”) at the rate of 55,556 shares per month, except in final month, the amount will be 55,540, provided that during the Term, the assignee does not breach the confidentiality and non-compete covenants contained in the agreement. Mr. Shao has entitled 111,112 shares of common stock at $0.001 par value under the agreement for the months of September 2021 and October 2021, which were issued in January 2022 at a value of $111. Mr. Shao passed away on November 20, 2021. On December 20, 2021, the Company entered into a Continuation of Technology Assignment Agreement with Ping Wu, Tian Yang, Jun Shao, Yu Shao, Chunni Shao, and Dongni Shao (collectively, the “Shao Heirs”). Pursuant to this agreement, Mr. Tian Yang was appointed by the Shao Heirs to be the recipient and record holder of the Earned Shares and remaining Shares (as defined in the original Technology Assignment Agreement). |
INCOME TAX
INCOME TAX | 12 Months Ended |
Aug. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
INCOME TAX | NOTE 6 – INCOME TAX The Company is subject to U.S. income tax rate of 21% and files U.S. federal income tax return. As of August 31, 2023 and 2022, the U.S. entity had net operating loss (“NOL”) carry forwards for income tax purposes of $ 37,584 and $ 56,365 . The NOL arising in tax years beginning after 2017 may reduce 80 % of a taxpayer’s taxable income, and be carried forward indefinitely. Management believes the realization of benefits from these losses remains uncertain due to the parent Company’s limited operating history and continuing losses. Accordingly, a % deferred tax asset valuation allowance was provided. The following table reconciles the U.S. statutory rate to the Company’s effective tax rates for the year ended August 31, 2023 and 2022: Schedule of effective tax rates 2023 2022 US federal statutory rates (21 %) (21 %) Change in valuation allowance 21 % 21 % Effective tax rate $ - $ - The provision for income tax expense (benefit) for the years ended August 31, 2023 and 2022 consisted of the following: Schedule of income tax expense (benefit) 2023 2022 Income tax expense - current $ - $ - Income tax benefit - deferred 7,893 11,532 Increase in valuation allowance (7,893 ) (11,532 ) Total income tax expense $ - $ - The Company’s net deferred tax assets as of August 31, 2023 and 2022 are as follows: Schedule of net deferred tax assets Deferred tax asset 2023 2022 Net operating loss $ 19,729 $ 11,836 Less: valuation allowance (19,729 ) (11,836 ) Net Deferred tax asset $ - $ - |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Aug. 31, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 7 - SUBSEQUENT EVENTS In accordance with SFAS 165 (ASSC 855-10) the Company has analyzed its operations subsequent to August 31, 2023 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements. |
BASIS OF PRESENTATION AND SUM_2
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Aug. 31, 2023 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Although these estimates are based on management’s knowledge of current events and actions management may undertake in the future, actual results may ultimately differ from those estimates and such differences may be material to our consolidated financial statements. |
Cash and Short-term investments | Cash and Short-term investments The Company considers all short-term, highly liquid investments, including certificates of deposit (“CDs”) purchased with an original maturity of three months or less at the date of purchase, to be cash equivalents. The Company classifies its certificates of deposit as cash and cash equivalents or short-term investments and reassesses the appropriateness of the classification of its investments at the end of each reporting period. Certificates of deposit held for investment with an original maturity greater than three months are carried at amortized cost and reported as short-term investments on the consolidated balance sheets. The Company had $ 6,449 86,139 As of August 31, 2023, the Company had $ 40,000 |
Property and Equipment | Property and Equipment Property and equipment are stated at cost, less accumulated depreciation. Major repairs and improvements that significantly extend original useful lives or improve productivity are capitalized and depreciated over the period benefited. Maintenance and repairs are expensed as incurred. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. The Company had property and equipment of $ 769 1,029 |
Depreciation, Amortization, and Capitalization | Depreciation, Amortization, and Capitalization The Company records depreciation and amortization when appropriate using straight-line balance method over the estimated useful life of the assets. The Company establishes a capitalization policy for its assets based on the dollar amount that is more than $1,000 in value or if its estimated useful life exceeds one year. The Company had depreciation expense of $ 260 260 |
Fair Value of Financial Instruments | Fair Value of Financial Instruments ASC Topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets. Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. |
Impairment of Long-lived Assets | Impairment of Long-lived Assets In accordance with FASB ASC 360-10, Accounting for the Impairment or Disposal of Long-lived Assets, long-lived assets such as property and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable, or it is reasonably possible that these assets could become impaired as a result of technological or other changes. The determination of recoverability of assets to be held and used is made by comparing the carrying amount of an asset to future undiscounted cash flow to be generated by the asset. |
Income Taxes | Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and law. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. |
Comprehensive Income | Comprehensive Income Comprehensive income is defined as all changes in stockholders’ equity (deficit), exclusive of transactions with owners, such as capital investments. Compressive income includes net income or loss, changes in certain assets, and liabilities that are reported directly in equity such as translation adjustments on investments. In foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. As of August 31, 2023, there were no differences between our comprehensive loss and net loss. |
Basic Income (Loss) Per Share | Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effects is anti-dilutive. As of August 31, 2023, there were no potentially dilutive debt or equity instruments issued or outstanding. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements As of August 31, 2023, and for the period then ended, there were no recently adopted accounting standards that had a material impact on the Company’s financial statements. There were no recently issued accounting standards not yet adopted which would have a material effect on the Company’s financial statements. |
INCOME TAX (Tables)
INCOME TAX (Tables) | 12 Months Ended |
Aug. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Schedule of effective tax rates | Schedule of effective tax rates 2023 2022 US federal statutory rates (21 %) (21 %) Change in valuation allowance 21 % 21 % Effective tax rate $ - $ - |
Schedule of income tax expense (benefit) | Schedule of income tax expense (benefit) 2023 2022 Income tax expense - current $ - $ - Income tax benefit - deferred 7,893 11,532 Increase in valuation allowance (7,893 ) (11,532 ) Total income tax expense $ - $ - |
Schedule of net deferred tax assets | Schedule of net deferred tax assets Deferred tax asset 2023 2022 Net operating loss $ 19,729 $ 11,836 Less: valuation allowance (19,729 ) (11,836 ) Net Deferred tax asset $ - $ - |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 12 Months Ended | |
Aug. 31, 2023 | Aug. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Net loss | $ 37,584 | $ 54,913 |
Accumulated deficit | $ 93,949 | $ 56,365 |
BASIS OF PRESENTATION AND SUM_3
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 12 Months Ended | |
Aug. 31, 2023 | Aug. 31, 2022 | |
Accounting Policies [Abstract] | ||
Cash | $ 6,449 | $ 86,139 |
Certificates of deposit | 40,000 | |
Property, Plant and Equipment, Net | 769 | 1,029 |
Depreciation | $ 260 | $ 260 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - $ / shares | Aug. 31, 2023 | Aug. 31, 2022 |
Equity [Abstract] | ||
Common stock, shares authorized | 65,000,000 | 65,000,000 |
Common stock, par value per share | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, par value per share | $ 0.001 | $ 0.001 |
Common stock, shares issued | 15,466,668 | 15,466,668 |
Common stock, shares outstanding | 15,466,668 | 15,466,668 |
INCOME TAX (Details)
INCOME TAX (Details) | 12 Months Ended | |
Aug. 31, 2023 | Aug. 31, 2022 | |
Income Tax Disclosure [Abstract] | ||
US federal statutory rates | (21.00%) | (21.00%) |
Change in valuation allowance | 21% | 21% |
Effective tax rate |
INCOME TAX (Details 1)
INCOME TAX (Details 1) - USD ($) | 12 Months Ended | |
Aug. 31, 2023 | Aug. 31, 2022 | |
Income Tax Disclosure [Abstract] | ||
Income tax expense - current | ||
Income tax benefit - deferred | 7,893 | 11,532 |
Increase in valuation allowance | (7,893) | (11,532) |
Total income tax expense |
INCOME TAX (Details 2)
INCOME TAX (Details 2) - USD ($) | Aug. 31, 2023 | Aug. 31, 2022 |
Income Tax Disclosure [Abstract] | ||
Net operating loss | $ 19,729 | $ 11,836 |
Less: valuation allowance | (19,729) | (11,836) |
Net Deferred tax asset |
INCOME TAX (Details Narrative)
INCOME TAX (Details Narrative) - USD ($) | 12 Months Ended | |
Aug. 31, 2023 | Aug. 31, 2022 | |
Income Tax Disclosure [Abstract] | ||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21% | 21% |
Operating Loss Carryforwards | $ 37,584 | $ 56,365 |