Circle Energy (CRCE) 10-Q 13 Aug 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Aug. 12, 2024
Details
Registrant CIK	0001911467
Fiscal Year End	--12-31
Registrant Name	Circle Energy, Inc./NV
SEC Form	10-Q
Period End date	Jun. 30, 2024
Tax Identification Number (TIN)	87-4125972
Number of common stock shares outstanding		1,530,000
Filer Category	Non-accelerated Filer
Current with reporting	Yes
Interactive Data Current	Yes
Shell Company	false
Small Business	true
Emerging Growth Company	true
Ex Transition Period	false
Document Quarterly Report	true
Document Transition Report	false
Securities Act File Number	000-56587
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	8211 E Regal Place
Entity Address, City or Town	Tulsa
Entity Address, State or Province	OK
Entity Address, Postal Zip Code	74133
City Area Code	918
Local Phone Number	994-0693
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 226,975	$ 261,338
Prepaid assets and retainers	9,789	14,519
Total Current Assets	236,764	275,857
Properties and Equipment
Oil and natural gas properties not subject to amortization	34,500	34,500
Total Properties and Equipment	34,500	34,500
Total Assets	271,264	310,357
Current Liabilities
Accounts payable	5,000	7,995
Total Current Liabilities	5,000	7,995
Total Liabilities	5,000	7,995
Stockholders' Equity
Common shares	1,530	1,530
Preferred stock - 50,000,000 shares authorized; no shares outstanding	0	0
Additional paid-in capital	445,533	445,533
Accumulated deficit	(180,799)	(144,701)
Total Stockholders' Equity	266,264	302,362
Total Liabilities and Stockholders' Equity	$ 271,264	$ 310,357

BALANCE SHEETS - Parenthetical

BALANCE SHEETS - Parenthetical - $ / shares	Jun. 30, 2024	Dec. 31, 2023
BALANCE SHEETS
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	150,000,000	150,000,000
Common Stock, Shares, Issued	1,530,000	1,530,000
Common Stock, Shares, Outstanding		1,530,000
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
STATEMENTS OF OPERATIONS
Revenues	$ 0	$ 0	$ 0	$ 0
Costs and Operating Expenses
General and administrative expense	12,047	21,233	36,098	45,729
Total Costs and Operating Expenses	12,047	21,233	36,098	45,729
Loss from Operations	(12,047)	(21,233)	(36,098)	(45,729)
Net Other Income (Expense)	0	0	0	0
Loss Before Provision for Income Taxes	(12,047)	(21,233)	(36,098)	(45,729)
Benefit from (Provision for) Income Taxes	0	0	0	0
Net Income (Loss)	$ (12,047)	$ (21,233)	$ (36,098)	$ (45,729)
Basic and Diluted Loss per share	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.03)

STATEMENTS OF STOCKHOLDERS' EQU

STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Common Stock	Additional Paid-in Capital	Retained Earnings	Total
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2022	$ 1,530	$ 445,533	$ (66,321)	$ 380,742
Shares, Outstanding, Beginning Balance at Dec. 31, 2022	1,530,000
Net Income (Loss)	$ 0	0	(24,496)	(24,496)
Equity, Attributable to Parent, Ending Balance at Mar. 31, 2023	$ 1,530	445,533	(90,817)	356,246
Shares, Outstanding, Ending Balance at Mar. 31, 2023	1,530,000
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2022	$ 1,530	445,533	(66,321)	380,742
Shares, Outstanding, Beginning Balance at Dec. 31, 2022	1,530,000
Net Income (Loss)				(45,729)
Equity, Attributable to Parent, Ending Balance at Jun. 30, 2023	$ 1,530	445,533	(112,050)	335,013
Shares, Outstanding, Ending Balance at Jun. 30, 2023	1,530,000
Equity, Attributable to Parent, Beginning Balance at Mar. 31, 2023	$ 1,530	445,533	(90,817)	356,246
Shares, Outstanding, Beginning Balance at Mar. 31, 2023	1,530,000
Net Income (Loss)	$ 0	0	(21,233)	(21,233)
Equity, Attributable to Parent, Ending Balance at Jun. 30, 2023	$ 1,530	445,533	(112,050)	335,013
Shares, Outstanding, Ending Balance at Jun. 30, 2023	1,530,000
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2023	$ 1,530	445,533	(144,701)	302,362
Shares, Outstanding, Beginning Balance at Dec. 31, 2023	1,530,000
Net Income (Loss)	$ 0	0	(24,051)	(24,051)
Equity, Attributable to Parent, Ending Balance at Mar. 31, 2024	$ 1,530	445,533	(168,752)	278,311
Shares, Outstanding, Ending Balance at Mar. 31, 2024	1,530,000
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2023	$ 1,530	445,533	(144,701)	302,362
Shares, Outstanding, Beginning Balance at Dec. 31, 2023	1,530,000
Net Income (Loss)				(36,098)
Equity, Attributable to Parent, Ending Balance at Jun. 30, 2024	$ 1,530	445,533	(180,799)	266,264
Shares, Outstanding, Ending Balance at Jun. 30, 2024	1,530,000
Equity, Attributable to Parent, Beginning Balance at Mar. 31, 2024	$ 1,530	445,533	(168,752)	278,311
Shares, Outstanding, Beginning Balance at Mar. 31, 2024	1,530,000
Net Income (Loss)	$ 0	0	(12,047)	(12,047)
Equity, Attributable to Parent, Ending Balance at Jun. 30, 2024	$ 1,530	$ 445,533	$ (180,799)	$ 266,264
Shares, Outstanding, Ending Balance at Jun. 30, 2024	1,530,000

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows From Operating Activities
Net Income (Loss)	$ (36,098)	$ (45,729)
Changes in assets and liabilities
Prepaid expenses and retainers	4,730	5,739
Accounts payable	(2,995)	2,987
Net Cash Provided by (Used in) Operating Activities	(34,363)	(37,003)
Cash Flows From Investing Activities
Purchase of unproven oil and gas properties	0	0
Net Cash Used in Investing Activities	0	0
Cash Flows From Financing Activities
Proceeds from issuance of common stock, net of offering costs	0	0
Net Cash Provided by Financing Activities	0	0
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	(34,363)	(37,003)
Cash at Beginning of Period	261,338	336,241
Cash at End of Period	226,975	299,238
Supplemental Cash Flow Information
Cash paid for interest	$ 0	$ 0

NOTE 1 - ORGANIZATION, BASIS OF

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2024
Notes
NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization and Nature of Operations – In the opinion of the Company, the accompanying unaudited condensed interim financial statements contain all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of its financial position as of June 30, 2024 and 2023, respectively, and its results of operations for the three and six months ended June 30, 2024 and 2023, respectively, and cash flows for the six months ended June 30, 2024 and 2023, respectively. The condensed balance sheet at December 31, 2023 was derived from audited annual financial statements but does not contain all of the footnote disclosures from the annual financial statements. Operating results for the three- and six-month periods ended June 30, 2024, are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2024. These unaudited condensed interim financial statements have been prepared by management in accordance with generally accepted accounting principles used in the United States of America (“U.S. GAAP”). These unaudited condensed interim financial statements should be read in conjunction with the annual audited financial statements included in the Company’s Form 10-K for the year ended December 31, 2023, filed with the Securities and Exchange Commission. This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to U.S. GAAP and have been consistently applied in the preparation of the financial statements. Emerging Growth Company Status · · · · · The Company may take advantage of these provisions until it is no longer an emerging growth company, which will occur on the earliest of (i) the last day of the fiscal year following the fifth anniversary of the Company’s IPO, (ii) the last day of the fiscal year in which it has more than $1.07 billion in annual gross revenue, (iii) the date on which it issues more than $1.0 billion of non-convertible debt over a three-year period and (iv) the date on which it is deemed to be a “large accelerated filer,” as defined in Rule 12b-2 promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company has elected to take advantage of each of the exemptions for emerging growth companies. Accordingly, the information that is provided in these financial statements may be different than what other public companies provide. Use of Estimates Fair Value Measurements Fair Values of Financial Instruments Fair Value of Non-financial Assets and Liabilities Concentration of Credit Risk and Accounts Receivable Cash and Cash Equivalents Oil and Gas Properties The Company records a liability in the period in which an asset retirement obligation (“ARO”) is incurred, in an amount equal to the discounted estimated fair value of the obligation that is capitalized. Thereafter this liability is accreted up to the final retirement cost. An ARO is a future expenditure related to the disposal or other retirement of certain assets. The Company’s ARO relates to future plugging and abandonment expenses of its oil and natural gas properties and related facilities disposal. All capitalized costs of oil and natural gas properties, including the estimated future costs to develop proved reserves and estimated future costs to plug and abandon wells and costs of site restoration, less the estimated salvage value of equipment associated with the oil and natural gas properties, are amortized on the unit-of-production method using estimates of proved reserves as determined by independent petroleum engineers. If the results of an assessment indicate that the properties are impaired, the amount of the impairment is offset to the capitalized costs to be amortized. As the Company has no production and its properties are currently not subjection to amortization, no depletion expense has yet been incurred. In addition, capitalized costs less accumulated depreciation, depletion and amortization and related deferred income taxes shall not exceed an amount (the full cost ceiling) equal to the sum of: 1) the present value of estimated future net revenues discounted ten percent computed in compliance with SEC guidelines; 2) plus the cost of properties not being amortized; 3) plus the lower of cost or estimated fair value of unproven properties included in the costs being amortized; 4) less income tax effects related to differences between the book and tax basis of the properties. Land, Buildings, Equipment and Leasehold Improvements Depreciation of buildings equipment, software and leasehold improvements is calculated using the straight-line method based upon the following estimated useful lives: Leasehold improvements 3-10 years Office equipment and software 3-7 years Equipment 5-10 years Revenue Recognition Revenues from Contracts with Customers (Topic 606) Income Taxes financial statements at currently enacted income tax rates applicable to the period in which the deferred tax assets and liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. No provision has been made for income taxes as the Company has not recorded or received any revenues. For the three and six months ended June 30, 2024, the Company recorded a full valuation allowance against the deferred tax asset of $2,530 and $7,581, respectively. For the three and six months ended June 30, 2023, the Company recorded a full valuation allowance against the deferred tax asset of $4,459 and $9,603, respectively. As the Company currently has no revenues there is reasonable doubt as to the realizability of this deferred tax asset. With the allowance taken as of June 30, 2024, the Company has a cumulative valuation allowance of $37,968. Accounting for Uncertainty in Income Taxes Earnings (Loss) Per Share Major Customers Stock-Based Employee and Non-Employee Compensation Derivative Instruments and Hedging Activities When applicable, the Company records all derivative instruments, other than those that meet the normal purchases and sales exception, on the balance sheet as either an asset or liability measured at fair value. Changes in fair value are recognized currently in earnings unless specific hedge accounting criteria are met.

NOTE 2 - REVENUE RECOGNITION

NOTE 2 - REVENUE RECOGNITION	6 Months Ended
	Jun. 30, 2024
Notes
NOTE 2 - REVENUE RECOGNITION	NOTE 2 – REVENUE RECOGNITION The Company does not currently have any revenues.

NOTE 3 - LEASES

NOTE 3 - LEASES	6 Months Ended
	Jun. 30, 2024
Notes
NOTE 3 - LEASES	NOTE 3 – LEASES The Company adopted ASU 2016-02 Leases The Company has a month-to-month lease for executive office-sharing space. This lease is month to month at $79 per month. This amount is shown in the Statement of Operations as General and administrative expense.

NOTE 4 - LOSS PER SHARE INFORMA

NOTE 4 - LOSS PER SHARE INFORMATION	6 Months Ended
	Jun. 30, 2024
Notes
NOTE 4 - LOSS PER SHARE INFORMATION	NOTE 4 – LOSS PER SHARE INFORMATION For the three months ended For the six months ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Net Loss $ (12,047) $ (21,233) $ (36,098) $ (45,729) Basic and Diluted Weighted-Average Shares Outstanding 1,530,000 1,530,000 1,530,000 1,530,000 Basic and Diluted Loss per Share $ (0.01) $ (0.01) $ (0.02) $ (0.03) There are currently no stock options or other share-based compensation outstanding to create a dilutive effect on our earnings per share.

NOTE 5 - LEGAL MATTERS

NOTE 5 - LEGAL MATTERS	6 Months Ended
	Jun. 30, 2024
Notes
NOTE 5 - LEGAL MATTERS	NOTE 5 – LEGAL MATTERS In the ordinary course of business, we may be, from time to time, a claimant or a defendant in various legal proceedings. We do not presently have any material litigation pending or threatened requiring disclosure under this item.

NOTE 6 - SUBSEQUENT EVENTS

NOTE 6 - SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2024
Notes
NOTE 6 - SUBSEQUENT EVENTS	NOTE 6 – SUBSEQUENT EVENTS None.

NOTE 1 - ORGANIZATION, BASIS _2

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Use of Estimates (Policies)	6 Months Ended
	Jun. 30, 2024
Policies
Use of Estimates	Use of Estimates

NOTE 1 - ORGANIZATION, BASIS _3

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Fair Value Measurements (Policies)	6 Months Ended
	Jun. 30, 2024
Policies
Fair Value Measurements	Fair Value Measurements

NOTE 1 - ORGANIZATION, BASIS _4

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Fair Value of Financial Instruments (Policies)	6 Months Ended
	Jun. 30, 2024
Policies
Fair Value of Financial Instruments	Fair Values of Financial Instruments

NOTE 1 - ORGANIZATION, BASIS _5

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Fair Value of Non-financial Assets and Liabilities (Policies)	6 Months Ended
	Jun. 30, 2024
Policies
Fair Value of Non-financial Assets and Liabilities	Fair Value of Non-financial Assets and Liabilities

NOTE 1 - ORGANIZATION, BASIS _6

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Concentration of Credit Risk and Accounts Receivable (Policies)	6 Months Ended
	Jun. 30, 2024
Policies
Concentration of Credit Risk and Accounts Receivable	Concentration of Credit Risk and Accounts Receivable

NOTE 1 - ORGANIZATION, BASIS _7

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cash and Cash Equivalents (Policies)	6 Months Ended
	Jun. 30, 2024
Policies
Cash and Cash Equivalents	Cash and Cash Equivalents

NOTE 1 - ORGANIZATION, BASIS _8

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Oil and Natural Gas Properties (Policies)	6 Months Ended
	Jun. 30, 2024
Policies
Oil and Natural Gas Properties	Oil and Gas Properties The Company records a liability in the period in which an asset retirement obligation (“ARO”) is incurred, in an amount equal to the discounted estimated fair value of the obligation that is capitalized. Thereafter this liability is accreted up to the final retirement cost. An ARO is a future expenditure related to the disposal or other retirement of certain assets. The Company’s ARO relates to future plugging and abandonment expenses of its oil and natural gas properties and related facilities disposal. All capitalized costs of oil and natural gas properties, including the estimated future costs to develop proved reserves and estimated future costs to plug and abandon wells and costs of site restoration, less the estimated salvage value of equipment associated with the oil and natural gas properties, are amortized on the unit-of-production method using estimates of proved reserves as determined by independent petroleum engineers. If the results of an assessment indicate that the properties are impaired, the amount of the impairment is offset to the capitalized costs to be amortized. As the Company has no production and its properties are currently not subjection to amortization, no depletion expense has yet been incurred. In addition, capitalized costs less accumulated depreciation, depletion and amortization and related deferred income taxes shall not exceed an amount (the full cost ceiling) equal to the sum of: 1) the present value of estimated future net revenues discounted ten percent computed in compliance with SEC guidelines; 2) plus the cost of properties not being amortized; 3) plus the lower of cost or estimated fair value of unproven properties included in the costs being amortized; 4) less income tax effects related to differences between the book and tax basis of the properties.

NOTE 1 - ORGANIZATION, BASIS _9

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Land, Buildings, Equipment and Leasehold Improvements (Policies)	6 Months Ended
	Jun. 30, 2024
Policies
Land, Buildings, Equipment and Leasehold Improvements	Land, Buildings, Equipment and Leasehold Improvements Depreciation of buildings equipment, software and leasehold improvements is calculated using the straight-line method based upon the following estimated useful lives: Leasehold improvements 3-10 years Office equipment and software 3-7 years Equipment 5-10 years

NOTE 1 - ORGANIZATION, BASIS_10

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition (Policies)	6 Months Ended
	Jun. 30, 2024
Policies
Revenue Recognition	Revenue Recognition Revenues from Contracts with Customers (Topic 606)

NOTE 1 - ORGANIZATION, BASIS_11

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Income Taxes (Policies)	6 Months Ended
	Jun. 30, 2024
Policies
Income Taxes	Income Taxes financial statements at currently enacted income tax rates applicable to the period in which the deferred tax assets and liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. No provision has been made for income taxes as the Company has not recorded or received any revenues. For the three and six months ended June 30, 2024, the Company recorded a full valuation allowance against the deferred tax asset of $2,530 and $7,581, respectively. For the three and six months ended June 30, 2023, the Company recorded a full valuation allowance against the deferred tax asset of $4,459 and $9,603, respectively. As the Company currently has no revenues there is reasonable doubt as to the realizability of this deferred tax asset. With the allowance taken as of June 30, 2024, the Company has a cumulative valuation allowance of $37,968.

NOTE 1 - ORGANIZATION, BASIS_12

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Accounting for Uncertainty in Income Taxes (Policies)	6 Months Ended
	Jun. 30, 2024
Policies
Accounting for Uncertainty in Income Taxes	Accounting for Uncertainty in Income Taxes

NOTE 1 - ORGANIZATION, BASIS_13

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Earnings (Loss) Per Share (Policies)	6 Months Ended
	Jun. 30, 2024
Policies
Earnings (Loss) Per Share	Earnings (Loss) Per Share

NOTE 1 - ORGANIZATION, BASIS_14

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Major Customers (Policies)	6 Months Ended
	Jun. 30, 2024
Policies
Major Customers	Major Customers

NOTE 1 - ORGANIZATION, BASIS_15

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Stock-Based Employee and Non-Employee Compensation (Policies)	6 Months Ended
	Jun. 30, 2024
Policies
Stock-Based Employee and Non-Employee Compensation	Stock-Based Employee and Non-Employee Compensation

NOTE 1 - ORGANIZATION, BASIS_16

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Derivative Instruments and Hedging Activities (Policies)	6 Months Ended
	Jun. 30, 2024
Policies
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities When applicable, the Company records all derivative instruments, other than those that meet the normal purchases and sales exception, on the balance sheet as either an asset or liability measured at fair value. Changes in fair value are recognized currently in earnings unless specific hedge accounting criteria are met.

NOTE 1 - ORGANIZATION, BASIS_17

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Land, Buildings, Equipment and Leasehold Improvements: Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2024
Tables/Schedules
Property, Plant and Equipment	Leasehold improvements 3-10 years Office equipment and software 3-7 years Equipment 5-10 years

NOTE 4 - LOSS PER SHARE INFOR_2

NOTE 4 - LOSS PER SHARE INFORMATION: Schedule of Earnings Per Share, Basic and Diluted (Tables)	6 Months Ended
	Jun. 30, 2024
Tables/Schedules
Schedule of Earnings Per Share, Basic and Diluted	For the three months ended For the six months ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Net Loss $ (12,047) $ (21,233) $ (36,098) $ (45,729) Basic and Diluted Weighted-Average Shares Outstanding 1,530,000 1,530,000 1,530,000 1,530,000 Basic and Diluted Loss per Share $ (0.01) $ (0.01) $ (0.02) $ (0.03)

NOTE 1 - ORGANIZATION, BASIS_18

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Land, Buildings, Equipment and Leasehold Improvements: Property, Plant and Equipment (Details)	Jun. 30, 2024
Leasehold Improvements | Minimum
Property, Plant and Equipment, Useful Life	3 years
Leasehold Improvements | Maximum
Property, Plant and Equipment, Useful Life	10 years
Office Equipment | Minimum
Property, Plant and Equipment, Useful Life	3 years
Office Equipment | Maximum
Property, Plant and Equipment, Useful Life	7 years
Equipment | Minimum
Property, Plant and Equipment, Useful Life	5 years
Equipment | Maximum
Property, Plant and Equipment, Useful Life	10 years

NOTE 1 - ORGANIZATION, BASIS_19

NOTE 1 - ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Income Taxes (Details) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Details
Valuation Allowance	$ 4,459	$ 9,603
Deferred Tax Assets, Valuation Allowance	$ 37,968

NOTE 3 - LEASES (Details)

NOTE 3 - LEASES (Details)	6 Months Ended
	Jun. 30, 2024 USD ($)
Details
Monthly Lease Payment	$ 79

NOTE 4 - LOSS PER SHARE INFOR_3

NOTE 4 - LOSS PER SHARE INFORMATION: Schedule of Earnings Per Share, Basic and Diluted (Details) - 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
Details
Net Income (Loss)	$ (12,047)	$ (24,051)	$ (21,233)	$ (24,496)	$ (36,098)	$ (45,729)
Basic and Diluted Weighted-Average Shares Outstanding	1,530,000		1,530,000		1,530,000	1,530,000
Basic and Diluted Loss per share	$ (0.01)		$ (0.01)		$ (0.02)	$ (0.03)