Cover
Cover | 9 Months Ended |
Feb. 29, 2024 shares | |
Cover [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Quarterly Report | true |
Document Transition Report | false |
Document Period End Date | Feb. 29, 2024 |
Document Fiscal Period Focus | Q3 |
Document Fiscal Year Focus | 2024 |
Current Fiscal Year End Date | --05-31 |
Entity File Number | 000-56599 |
Entity Registrant Name | L A M Y |
Entity Central Index Key | 0001939937 |
Entity Tax Identification Number | 37-2039216 |
Entity Incorporation, State or Country Code | WY |
Entity Address, Address Line One | 201 Allen Street |
Entity Address, Address Line Two | Unit 10104 |
Entity Address, City or Town | New York |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 10002 |
City Area Code | 657 |
Local Phone Number | 315-8312 |
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 | true |
Entity Shell Company | false |
Entity Common Stock, Shares Outstanding | 7,777,000 |
Balance Sheets (Unaudited)
Balance Sheets (Unaudited) - USD ($) | Feb. 29, 2024 | May 31, 2023 |
Current Assets | ||
Cash & cash equivalents | $ 1,028 | $ 7,855 |
Accounts receivable | 7,750 | 0 |
Total current assets | 8,778 | 7,855 |
Non-Current assets | ||
Intangibles (net) | 11,953 | 19,203 |
Equipment (net) | 6,211 | 9,986 |
Total non-Current assets | 18,164 | 29,189 |
TOTAL ASSETS | 26,942 | 37,044 |
Current Liabilities | ||
Accrued expenses | 3,980 | 610 |
Advances from related parties | 5,839 | 3,000 |
Total current liabilities | 9,819 | 3,610 |
Non-Current Liabilities | ||
Loans from related parties | 18,100 | 18,100 |
Note payable – related party | 10,000 | 10,000 |
Note payable – others | 29,000 | 29,000 |
Accrued Interest | 9,665 | 5,422 |
Total non-current liabilities | 66,765 | 62,522 |
Total Liabilities | 76,584 | 66,132 |
Stockholders’ Equity (Deficit) | ||
Common stock, $0.0001 par value, 100,000,000 shares authorized; 7,777,000 shares issued and outstanding as of February 29, 2024 & May 31, 2023 | 778 | 778 |
Additional Paid-In-Capital | 27,492 | 27,492 |
Accumulated Deficit | (77,912) | (57,358) |
Total Stockholders’ equity (deficit) | (49,642) | (29,088) |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ 26,942 | $ 37,044 |
Balance Sheets (Unaudited) (Par
Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Feb. 29, 2024 | May 31, 2023 |
Statement of Financial Position [Abstract] | ||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Authorized | 100,000,000 | 100,000,000 |
Common Stock, Shares, Issued | 7,777,000 | 7,777,000 |
Common Stock, Shares, Outstanding | 7,777,000 | 7,777,000 |
Statement of Operations (Unaudi
Statement of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Feb. 29, 2024 | Feb. 28, 2023 | Feb. 29, 2024 | Feb. 28, 2023 | |
Income Statement [Abstract] | ||||
Revenue | $ 3,875 | $ 0 | $ 7,750 | $ 0 |
Gross Profit | 3,875 | 0 | 7,750 | 0 |
Operating Expenses | ||||
General and administrative expenses | 8,695 | 8,269 | 28,304 | 29,646 |
Total Operating expenses | (8,695) | (8,269) | (28,304) | (29,646) |
Other Income | 0 | 0 | 0 | 0 |
Income (Loss) before provision for income taxes | (4,820) | (8,269) | (20,554) | (29,646) |
Provision for income taxes | 0 | 0 | 0 | 0 |
Net income (loss) | $ (4,820) | $ (8,269) | $ (20,554) | $ (29,646) |
Statement of Operations (Unau_2
Statement of Operations (Unaudited) (Parenthetical) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Feb. 29, 2024 | Feb. 28, 2023 | Feb. 29, 2024 | Feb. 28, 2023 | |
Income Statement [Abstract] | ||||
Earnings Per Share, Basic | $ 0 | $ 0 | $ 0 | $ 0 |
Earnings Per Share, Diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted Average Number of Shares Outstanding, Basic | 7,777,000 | 5,300,000 | 7,777,000 | 5,000,000 |
Weighted Average Number of Shares Outstanding, Diluted | 7,777,000 | 5,300,000 | 7,777,000 | 5,000,000 |
Statement of Stockholders Equit
Statement of Stockholders Equity (Deficit) (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at May. 31, 2022 | $ 500 | $ 0 | $ (937) | $ (437) |
Shares, Outstanding, Beginning Balance at May. 31, 2022 | 5,000,000 | |||
Net loss for nine months ended | (29,646) | (29,646) | ||
Shares issued at offering price 0.01 | $ 30 | 2,970 | 3,000 | |
Stock Issued During Period, Shares, New Issues | 300,000 | |||
Ending balance, value at Feb. 28, 2023 | $ 530 | 2,970 | (30,583) | (27,083) |
Beginning balance, value at May. 31, 2022 | $ 500 | 0 | (937) | (437) |
Shares, Outstanding, Beginning Balance at May. 31, 2022 | 5,000,000 | |||
Ending balance, value at May. 31, 2023 | $ 778 | 27,492 | (57,358) | (29,088) |
Shares, Outstanding, Ending Balance at May. 31, 2023 | 7,777,000 | |||
Net loss for nine months ended | (20,554) | (20,554) | ||
Ending balance, value at Feb. 29, 2024 | $ 778 | $ 27,492 | $ (77,912) | $ (49,642) |
Shares, Outstanding, Ending Balance at Feb. 29, 2024 | 7,777,000 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Feb. 29, 2024 | Feb. 28, 2023 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (20,554) | $ (29,646) |
Adjustment as of non-cash items: | ||
Depreciation | 3,775 | 3,775 |
Amortization | 7,250 | 7,250 |
Changes in operating assets and liabilities: | ||
Increase in accounts receivable | (7,750) | 0 |
Increase in accrued expenses | 3,370 | 0 |
Increase in advances from related parties | 2,839 | 3,000 |
Net cash provided by (used in) Operating activities | (11,070) | (15,621) |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Net cash provided by (used in) Investing activities | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from sale of common stock | 0 | 3,000 |
Proceeds from note payable – related party | 0 | 3,000 |
Accrued Interest | 4,241 | 3,678 |
Net cash provided by Financing activities | 4,241 | 9,678 |
Increase (decrease) in cash and equivalents | (6,829) | (5,943) |
Cash and equivalents at beginning of the period | 7,855 | 10,107 |
Cash and equivalents at end of the period | 1,028 | 4,164 |
Cash paid for: | ||
Interest | 0 | 0 |
Taxes | 0 | 0 |
Non-cash investing and financing activities: | ||
Proceeds of loan from related party in exchange of asset | 0 | 0 |
Proceeds from note payable against acquisition of intangibles | $ 0 | $ 0 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 3 Months Ended | 9 Months Ended | ||
Feb. 29, 2024 | Feb. 28, 2023 | Feb. 29, 2024 | Feb. 28, 2023 | |
Pay vs Performance Disclosure [Table] | ||||
Net Income (Loss) Attributable to Parent | $ (4,820) | $ (8,269) | $ (20,554) | $ (29,646) |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Feb. 29, 2024 | |
Trading Arrangements, by Individual [Table] | |
Rule 10b5-1 Arrangement Adopted | false |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
ORGANIZATION AND BUSINESS
ORGANIZATION AND BUSINESS | 9 Months Ended |
Feb. 29, 2024 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND BUSINESS | NOTE 1 – ORGANIZATION AND BUSINESS LAMY. (the “Company”) is a corporation established under the corporation laws in the State of Wyoming on January 31, 2022. The company intends to develop a successful business through provision of financial knowledge and resource management to the youngsters through an educational platform and, chiefly, an immersive video game called TwoPlus1® The Company has adopted May 31 fiscal year end. |
GOING CONCERN
GOING CONCERN | 9 Months Ended |
Feb. 29, 2024 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 2 – GOING CONCERN The Company’s financial statements as of February 29, 2024 have been prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenue sufficient to cover its operating costs and allow it to continue as a going concern. The Company has accumulated loss from inception (January 31, 2022) to February 29, 2024 of $ 77,912 In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Feb. 29, 2024 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. New Accounting Pronouncements There were various accounting standards and interpretations issued recently, none of which are expected to a have a material impact on our financial position, operations or cash flows. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. Stock-Based Compensation As of February 29, 2024, the Company has not issued any stock-based payments to its employees. Stock-based compensation is accounted for at fair value in accordance with ASC 718, when applicable. To date, the Company has not adopted a stock option plan and has not granted any stock options. Use of Estimates and Assumptions 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 period. Actual results could differ from those estimates. Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern. Fair Value of Financial Instruments ASC 825, “Disclosures about Fair Value of Financial Instruments”, requires disclosure of fair value information about financial instruments. ASC 820, “Fair Value Measurements” defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of February 29, 2024. The respective carrying values of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, accounts payable and related party loan payable. Fair values were assumed to approximate carrying values for these financial instruments as either they do not have any active market or are short term in nature and therefore their carrying amounts approximate fair value. Income Taxes Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Revenue Recognition We adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”, and all related interpretations for recognition of our revenue from tours and services. Previously we recorded revenue based on ASC Topic 605. Adoption of new accounting standard did not have any material impact on our reported revenue. Revenue is recognized when the following criteria are met: · Identification of the contract, or contracts, with customer; · Identification of the performance obligations in the contract; · Determination of the transaction price; · Allocation of the transaction price to the performance obligations in the contract; and · Recognition of revenue when, or as, we satisfy performance obligation. The Company has evaluated all the recent accounting pronouncements and determined that there are no other accounting pronouncements that will have a material effect on the Company’s financial statements. Fixed Assets Fixed assets are stated at cost, net of accumulated depreciation and accumulated impairment losses, if any. The cost comprises purchase price, borrowing costs, if capitalization criteria are met and directly attributable cost of bringing the asset to its working condition for the intended use. Any subsidy/reimbursement/contribution received for installation and acquisition of any fixed assets is shown as deduction in the year of receipt. Capital work- in progress is stated at cost. Subsequent expenditure related to an item of fixed assets is added to its book value only if it increases the future benefits from the existing asset beyond its previously assessed standard of performance. All other expenses on existing fixed assets, including day-to-day repairs and maintenance expenditure and cost of replacing parts, are charged to the Statement of Profit and Loss for the period during which such expenses are incurred. Gains or losses arising from de-recognition of fixed assets are measured as the difference between the net disposal proceeds and the carrying amount of the assets derecognized. The Company utilizes straight-line depreciation over the estimated useful life of the asset. Office Equipment – 3 years Earnings per Share ASC No. 260, “Earnings Per Share”, specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. The Company has adopted the provisions of ASC No. 260. Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company. |
EQUIPMENT (NET)
EQUIPMENT (NET) | 9 Months Ended |
Feb. 29, 2024 | |
Property, Plant and Equipment [Abstract] | |
EQUIPMENT (NET) | NOTE 4 – EQUIPMENT (NET) Company acquired equipment as on May 25, 2022 for $ 15,100 The Company depreciates its property using straight-line depreciation over the estimated useful life of 3 years. For the quarter ended February 29, 2024 the company recorded $ 1,258 8,889 |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 9 Months Ended |
Feb. 29, 2024 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
INTANGIBLE ASSETS | NOTE 5 – INTANGIBLE ASSETS Company acquired intangibles as on May 26, 2022 and consist of Videogame platform and related property rights of $ 29,000 For the quarter ended February 29, 2024 the company recorded $ 2,416 17,047 |
CAPITAL STOCK
CAPITAL STOCK | 9 Months Ended |
Feb. 29, 2024 | |
Equity [Abstract] | |
CAPITAL STOCK | NOTE 6 – CAPITAL STOCK The Company has 100,000,000 0.0001 In February 2022, the Company issued 5,000,000 500 During the year ended May 31, 2023, the Company issued 2,527,000 25,270 250,000 2,500 As of February 29, 2024 & May 31, 2023 the Company had 7,777,000 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Feb. 29, 2024 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 7 – RELATED PARTY TRANSACTIONS In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. Since inception (January 31, 2022) through February 29, 2024 the Company’s sole officer and director loaned the Company as follow; As on February 01, 2022, the Company’s sole officer and director loaned the Company $ 10,000 10 1 st 2 nd 3 rd The interest amount is expected to be at $3,000, due with the final payment thereto. As of February 29, 2024, interest accrued on this loan was $ 2,083 As on May 25, 2022, $ 15,100 10 1 st 2 nd 3 rd The interest amount is expected to be at $4,530, due with the final payment thereto. As of February 29, 2024, interest accrued on this loan was $ 2,181 As on October 11, 2022, the Company’s sole officer and director loaned the Company $ 3,000 324 As of February 29, 2024, the total principal amount outstanding to related party under long term liability was $ 28,100 4,588 As of February 29, 2024, aggregate future principal payments to the related party in reference to upcoming fiscal years are as follows: Future principal payments to related party Year ended May 31, 2023 $ 0 Year ended May 31, 2024 8,100 Year ended May 31, 2025 11,000 Year ended May 31, 2026 9,000 Thereafter $ 0 In addition to the above, as of period ended February 29, 2024, the Company’s sole officer and director advance the Company $ 5,839 |
NOTE PAYABLE _ OTHERS
NOTE PAYABLE – OTHERS | 9 Months Ended |
Feb. 29, 2024 | |
Debt Disclosure [Abstract] | |
NOTE PAYABLE – OTHERS | NOTE 8 – NOTE PAYABLE – OTHERS As of May 26, 2022, Company owes a note payable of $ 29,000 10 th 4,350 As of February 29, 2024, aggregate future principal payments for this debt in reference to upcoming fiscal years are as follows: Future principal payments to others Year ended May 31, 2023 $ 0 Year ended May 31, 2024 29,000 Thereafter $ 0 |
INCOME TAXES
INCOME TAXES | 9 Months Ended |
Feb. 29, 2024 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 9 - INCOME TAXES The reconciliation of income tax benefit at the U.S. statutory rate of 21% for the period ended to the company’s effective tax rate is as follows: Schedule of income tax reconciliation Tax benefit at U.S. statutory rate $ (16,362 ) Change in valuation allowance 16,362 Income tax expense $ – The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets at are as follows: Schedule of deferred income tax Deferred tax assets: Net operating loss $ (16,362 ) Valuation allowance 16,362 Deferred tax assets $ – The Company has approximately $ 77,912 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Feb. 29, 2024 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 10 - SUBSEQUENT EVENTS The Company has evaluated other subsequent events till April 15, 2024, the date these financial statements were issued and has determined that there are no items to disclose. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Feb. 29, 2024 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. |
New Accounting Pronouncements | New Accounting Pronouncements There were various accounting standards and interpretations issued recently, none of which are expected to a have a material impact on our financial position, operations or cash flows. |
Cash and Cash Equivalents | Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. |
Stock-Based Compensation | Stock-Based Compensation As of February 29, 2024, the Company has not issued any stock-based payments to its employees. Stock-based compensation is accounted for at fair value in accordance with ASC 718, when applicable. To date, the Company has not adopted a stock option plan and has not granted any stock options. |
Use of Estimates and Assumptions | Use of Estimates and Assumptions 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 period. Actual results could differ from those estimates. Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments ASC 825, “Disclosures about Fair Value of Financial Instruments”, requires disclosure of fair value information about financial instruments. ASC 820, “Fair Value Measurements” defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of February 29, 2024. The respective carrying values of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, accounts payable and related party loan payable. Fair values were assumed to approximate carrying values for these financial instruments as either they do not have any active market or are short term in nature and therefore their carrying amounts approximate fair value. |
Income Taxes | Income Taxes Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. |
Revenue Recognition | Revenue Recognition We adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”, and all related interpretations for recognition of our revenue from tours and services. Previously we recorded revenue based on ASC Topic 605. Adoption of new accounting standard did not have any material impact on our reported revenue. Revenue is recognized when the following criteria are met: · Identification of the contract, or contracts, with customer; · Identification of the performance obligations in the contract; · Determination of the transaction price; · Allocation of the transaction price to the performance obligations in the contract; and · Recognition of revenue when, or as, we satisfy performance obligation. The Company has evaluated all the recent accounting pronouncements and determined that there are no other accounting pronouncements that will have a material effect on the Company’s financial statements. |
Fixed Assets | Fixed Assets Fixed assets are stated at cost, net of accumulated depreciation and accumulated impairment losses, if any. The cost comprises purchase price, borrowing costs, if capitalization criteria are met and directly attributable cost of bringing the asset to its working condition for the intended use. Any subsidy/reimbursement/contribution received for installation and acquisition of any fixed assets is shown as deduction in the year of receipt. Capital work- in progress is stated at cost. Subsequent expenditure related to an item of fixed assets is added to its book value only if it increases the future benefits from the existing asset beyond its previously assessed standard of performance. All other expenses on existing fixed assets, including day-to-day repairs and maintenance expenditure and cost of replacing parts, are charged to the Statement of Profit and Loss for the period during which such expenses are incurred. Gains or losses arising from de-recognition of fixed assets are measured as the difference between the net disposal proceeds and the carrying amount of the assets derecognized. The Company utilizes straight-line depreciation over the estimated useful life of the asset. Office Equipment – 3 years |
Earnings per Share | Earnings per Share ASC No. 260, “Earnings Per Share”, specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. The Company has adopted the provisions of ASC No. 260. Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company. |
RELATED PARTY TRANSACTIONS (Tab
RELATED PARTY TRANSACTIONS (Tables) | 9 Months Ended |
Feb. 29, 2024 | |
Related Party Transactions [Abstract] | |
Future principal payments to related party | Future principal payments to related party Year ended May 31, 2023 $ 0 Year ended May 31, 2024 8,100 Year ended May 31, 2025 11,000 Year ended May 31, 2026 9,000 Thereafter $ 0 |
NOTE PAYABLE _ OTHERS (Tables)
NOTE PAYABLE – OTHERS (Tables) | 9 Months Ended |
Feb. 29, 2024 | |
Debt Disclosure [Abstract] | |
Future principal payments to others | Future principal payments to others Year ended May 31, 2023 $ 0 Year ended May 31, 2024 29,000 Thereafter $ 0 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 9 Months Ended |
Feb. 29, 2024 | |
Income Tax Disclosure [Abstract] | |
Schedule of income tax reconciliation | Schedule of income tax reconciliation Tax benefit at U.S. statutory rate $ (16,362 ) Change in valuation allowance 16,362 Income tax expense $ – |
Schedule of deferred income tax | Schedule of deferred income tax Deferred tax assets: Net operating loss $ (16,362 ) Valuation allowance 16,362 Deferred tax assets $ – |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | Feb. 29, 2024 | May 31, 2023 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Retained Earnings (Accumulated Deficit) | $ 77,912 | $ 57,358 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) | 9 Months Ended |
Feb. 29, 2024 | |
Accounting Policies [Abstract] | |
Property Plant and Equipment Useful Life | 3 years |
EQUIPMENT (NET) (Details Narrat
EQUIPMENT (NET) (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | |
May 22, 2022 | Feb. 29, 2024 | Feb. 29, 2024 | Feb. 28, 2023 | |
Property, Plant and Equipment [Abstract] | ||||
Property, Plant and Equipment, Additions | $ 15,100 | |||
Depreciation | $ 1,258 | $ 3,775 | $ 3,775 | |
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $ 8,889 | $ 8,889 |
INTANGIBLE ASSETS (Details Narr
INTANGIBLE ASSETS (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | |
May 26, 2022 | Feb. 29, 2024 | Feb. 29, 2024 | Feb. 28, 2023 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||||
Finite-Lived Intangible Assets Acquired | $ 29,000 | |||
Amortization | $ 2,416 | $ 7,250 | $ 7,250 | |
Finite-Lived Intangible Assets, Accumulated Amortization | $ 17,047 | $ 17,047 |
CAPITAL STOCK (Details Narrativ
CAPITAL STOCK (Details Narrative) - USD ($) | 1 Months Ended | 9 Months Ended | 12 Months Ended | |
Feb. 28, 2022 | Feb. 29, 2024 | Feb. 28, 2023 | May 31, 2023 | |
Class of Stock [Line Items] | ||||
Common Stock, Shares Authorized | 100,000,000 | 100,000,000 | ||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | ||
Proceeds from Issuance of Common Stock | $ 0 | $ 3,000 | ||
Common Stock, Shares, Outstanding | 7,777,000 | 7,777,000 | ||
Common Stock [Member] | ||||
Class of Stock [Line Items] | ||||
Stock Issued During Period, Shares, New Issues | 5,000,000 | 2,527,000 | ||
Proceeds from Issuance of Common Stock | $ 500 | $ 25,270 | ||
Stock Issued During Period, Shares, Issued for Services | 250,000 | |||
Stock Issued During Period, Value, Issued for Services | $ 2,500 |
Future principal payments to re
Future principal payments to related party (Details) - Note Payable Related Party [Member] | Feb. 29, 2024 USD ($) |
Related Party Transaction [Line Items] | |
Year ended May 31, 2023 | $ 0 |
Year ended May 31, 2024 | 8,100 |
Year ended May 31, 2025 | 11,000 |
Year ended May 31, 2026 | 9,000 |
Thereafter | $ 0 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||||||
Oct. 11, 2022 | May 25, 2022 | Feb. 02, 2022 | Feb. 29, 2024 | Feb. 29, 2024 | Feb. 28, 2023 | May 31, 2023 | Feb. 01, 2022 | |
Related Party Transaction [Line Items] | ||||||||
Proceeds from Related Party Debt | $ 0 | $ 3,000 | ||||||
Interest Payable | $ 9,665 | 9,665 | $ 5,422 | |||||
NotePayable - Related Party | 10,000 | 10,000 | $ 10,000 | |||||
Sole Officer And Director [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Interest Payable | 4,588 | 4,588 | ||||||
NotePayable - Related Party | 28,100 | 28,100 | ||||||
Sole Officer And Director [Member] | Loan 1 [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Proceeds from Related Party Debt | $ 10,000 | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 10% | |||||||
Interest Payable | 2,083 | 2,083 | ||||||
Sole Officer And Director [Member] | Loan 2 [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Proceeds from Related Party Debt | $ 15,100 | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 10% | |||||||
Interest Payable | 2,181 | 2,181 | ||||||
Sole Officer And Director [Member] | Loan 3 [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Proceeds from Related Party Debt | $ 3,000 | |||||||
Interest Payable | 324 | $ 324 | ||||||
Sole Officer And Director [Member] | Loan 4 [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Proceeds from Related Party Debt | $ 5,839 |
Future principal payments to ot
Future principal payments to others (Details) - Notes Payable To Others [Member] | Feb. 29, 2024 USD ($) |
Debt Instrument [Line Items] | |
Year ended May 31, 2023 | $ 0 |
Year ended May 31, 2024 | 29,000 |
Thereafter | $ 0 |
NOTE PAYABLE _ OTHERS (Details
NOTE PAYABLE – OTHERS (Details Narrative) - USD ($) | Feb. 29, 2024 | May 31, 2023 | May 26, 2022 |
Debt Instrument [Line Items] | |||
Interest Payable | $ 9,665 | $ 5,422 | |
Smarty Pants [Member] | |||
Debt Instrument [Line Items] | |||
Notes Payable, Noncurrent | $ 29,000 | ||
Debt Instrument, Interest Rate, Stated Percentage | 10% | ||
Interest Payable | $ 4,350 |
INCOME TAXES (Details - Tax rat
INCOME TAXES (Details - Tax rate) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Feb. 29, 2024 | Feb. 28, 2023 | Feb. 29, 2024 | Feb. 28, 2023 | |
Income Tax Disclosure [Abstract] | ||||
Tax benefit at U.S. statutory rate | $ (16,362) | |||
Change in valuation allowance | 16,362 | |||
Income tax expense | $ 0 | $ 0 | $ 0 | $ 0 |
INCOME TAXES (Details - Deferre
INCOME TAXES (Details - Deferred income tax) | Feb. 29, 2024 USD ($) |
Deferred tax assets: | |
Net operating loss | $ (16,362) |
Valuation allowance | 16,362 |
Deferred tax assets | $ 0 |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) | Feb. 29, 2024 USD ($) |
Income Tax Disclosure [Abstract] | |
Operating Loss Carryforwards | $ 77,912 |