| Cover - shares | 3 Months Ended | |
| Aug. 31, 2024 | Oct. 09, 2024 | |
| Cover [Abstract] | ||
| Document Type | 10-Q | |
| Amendment Flag | false | |
| Documen Quarterly Report | true | |
| Document Transition Report | false | |
| Document Period End Date | Aug. 31, 2024 | |
| Document Fiscal Period Focus | Q1 | |
| Document Fiscal Year Focus | 2025 | |
| Current Fiscal Year End Date | --05-31 | |
| File Number | 333-267740 | |
| Registrant Name | GLOBAL-SMART.TECH Inc. | |
| Entity Central Index Key | 0001940243 | |
| Tax Identification Number | 98-1664763 | |
| Incorporation State Country Code | WY | |
| Entity Address, Address Line One | Kava b.b. | |
| Address City | Tivat | |
| Address Country | ME | |
| Postal Zip Code | 85320 | |
| City Area Code | 205 | |
| Local Phone Number | 2165924 | |
| Current Reporting Status | Yes | |
| Interactive Data Current | Yes | |
| Filer Category | Non-accelerated Filer | |
| Small Business | true | |
| Emerging Growth Company | true | |
| ExTransition Period | false | |
| Shell Company | false | |
| Common Stock Shares Outstanding | 5,000,000 |
| Condensed Balance Sheets - USD ($) | Aug. 31, 2024 | May 31, 2024 |
| Fixed Assets | ||
| Equipment, net | $ 241,114 | $ 259,313 |
| Website Development, net | 4,200 | 4,550 |
| Total Fixed Assets | 245,314 | 263,863 |
| Total Assets | 245,314 | 263,863 |
| Current Liabilities | ||
| Loan from Related Parties | 414,091 | 405,091 |
| Total Current Liabilities | 414,091 | 405,091 |
| Total Liabilities | 414,091 | 405,091 |
| Stockholders’ Equity (Deficit) | ||
| Common Stock ($0.001 par value, 75,000,000 shares authorized; 5,000,000 shares issued and outstanding as of August 31, 2024 and May 31, 2024) | 5,000 | 5,000 |
| Accumulated Other Comprehensive Income | 3 | 3 |
| Accumulated Deficit | (173,780) | (146,231) |
| Total Equity | (168,777) | (141,228) |
| Total Liabilities & Stockholders’ Equity (Deficit) | $ 245,314 | $ 263,863 |
| Condensed Balance Sheets (Parenthetical) - shares | Aug. 31, 2024 | May 31, 2024 |
| Statement of Financial Position [Abstract] | ||
| CommonStockSharesAuthorized | 75,000,000 | 75,000,000 |
| Common Stock Shares Issued | 5,000,000 | 5,000,000 |
| Common Stock Shares Outstanding | 5,000,000 | 5,000,000 |
| Condensed Statements of Operations - USD ($) | 3 Months Ended | |
| Aug. 31, 2024 | Aug. 31, 2023 | |
| Income Statement [Abstract] | ||
| Revenues | ||
| Operating Expenses | ||
| Professional Fees | 9,000 | |
| Depreciation Expense | 18,549 | 13,899 |
| Total operating expenses | 27,549 | 13,899 |
| Net loss from operations | (27,549) | (13,899) |
| Provision for Income Taxes | ||
| Net Loss | $ (27,549) | $ (13,899) |
| Loss per common share – Basic & Diluted | $ (0.01) | $ 0 |
| Weighted Average Number of Common Shares Outstanding – Basic & Diluted | 5,000,000 | 5,000,000 |
| Statements of Stockholders' Equity - USD ($) | Common Stock [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
| Balance, shares | 5,000,000 | |||
| Beginning balance, value at May. 31, 2023 | $ 5,000 | $ (54,822) | $ 3 | $ (49,819) |
| Net loss | (13,899) | (13,899) | ||
| Ending balance, value at Aug. 31, 2023 | 5,000 | (68,721) | 3 | $ (63,718) |
| Balance, shares | 5,000,000 | |||
| Balance, shares | 5,000,000 | |||
| Beginning balance, value at May. 31, 2024 | 5,000 | (146,231) | 3 | $ (141,228) |
| Net loss | (27,549) | (27,549) | ||
| Ending balance, value at Aug. 31, 2024 | $ 5,000 | $ (173,780) | $ 3 | $ 168,777 |
| Balance, shares | 5,000,000 |
| Condensed Statements of Cash Flows - USD ($) | 3 Months Ended | |
| Aug. 31, 2024 | Aug. 31, 2023 | |
| OPERATING ACTIVITIES | ||
| Net loss | $ (27,549) | $ (13,899) |
| Depreciation expense | 18,549 | 13,899 |
| Net Cash Used in Operating Activities | (9,000) | |
| INVESTING ACTIVITIES | ||
| FINANCING ACTIVITIES | ||
| Loan from Related Parties | 9,000 | |
| Net Cash Provided by Financing Activities | 9,000 | |
| Net Cash Decrease for the Period | ||
| Cash at Beginning of Period | ||
| Cash at End of Period | ||
| SUPPLEMENTAL SCHEDULE OF CASH FLOW INFORMATION: | ||
| Interest | ||
| Income Tax | ||
| The Company | 3 Months Ended |
| Aug. 31, 2024 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| The Company | 1. The Company Global-Smart.Tech (“Company”) was incorporated under the laws of the State of Wyoming on April 15, 2022. The Company initially established with a primary focus on leasing power to clients. However, to optimize resource utilization and enhance profitability, we have transitioned our operations to incorporate cloud-rendering services. |
| Going Concern | 3 Months Ended |
| Aug. 31, 2024 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Going Concern | 2. Going Concern Our financial statements have been prepared on a going concern basis which assumes that we will be able to realize our assets and discharge our liabilities and commitments in the normal course of business for the foreseeable future. As of August 31, 2024 we have an accumulated deficit of $173,780, used cash in operations of $9,000 for the three months ended August 31, 2024 and have recurring losses, including a net loss of $27,549 for the three months ended August 31, 2024. These factors raise substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent upon our generating profitable operations in the future and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. Our management intends to finance operating costs over the next twelve months with related party loans and the sale of common stock. While we believe that we will be successful in obtaining the necessary financing and generating revenue to fund our operations, meet regulatory requirements, and achieve commercial goals, there are no assurances that such additional funding will be achieved and that we will succeed in our future operations. 9 |
| Summary of Significant Accounting Policies | 3 Months Ended |
| Aug. 31, 2024 | |
| Accounting Policies [Abstract] | |
| Summary of Significant Accounting Policies | 3. Summary of Significant Accounting Policies Interim Financial Statements The unaudited condensed interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations for such periods are not necessarily indicative of the results expected for a full year or for any future period. They do not include all of the information and footnotes required by GAAP for complete financial statements. Therefore, these financial statements should be read in conjunction with the Company’s audited financial statements and notes for the year ended May 31, 2024. Basis of Presentation The Company uses the accrual basis of accounting and accounting principles. The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Company has elected May 31st as its fiscal year end. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. 10 Foreign Currency The Company’s functional and reporting currency is the U.S. dollar. Transactions may occur in foreign currencies and management has adopted ASC 830, “Foreign Currency Translation Matters”. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. The Company is located in Montenegro. However, the Company's cash flows and expenses are primarily denominated in United States Dollars (USD) due to the nature of its operations. Accordingly, the Board of Directors has determined that USD is the Company's functional currency for the purposes of preparing the financial statements. For realized gains and losses: these are reported in the income statement, typically as a separate line item or combined with other income or expense items. For the three months ended August 31, 2024 and 2023, we didn’t recognize any foreign currency loss. Transaction gains or losses result from a change in exchange rates between the functional currency and the currency in which a foreign currency transaction is denominated. They represent an increase or decrease in both of the following: - the actual functional currency cash flows realized upon settlement of foreign currency transactions - the expected functional currency cash flows on unsettled foreign currency transactions Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the statement. Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. 11 By the end of 2024, we intend to generate revenue primarily through the sale of tariff plans for our cloud rendering services. To select the tariff plan that best fits client’s requirements, they are required to contact our team to subscribe and submit their project. This allows us to choose the right tariff plan according to their project and the cloud rendering power needed. When estimating a project, we assess the required number of hours and capacity necessary to fulfill the client's needs. The tariff plans may vary depending on the number of video cards used to produce power (10, 25 and 40 video cards), as well as the time needed for rendering with a minimum option of 5 hours. Clients can contact us using the information provided in the "Contacts" section on our website (https://global-smart.tech/contacts/). After determining the project scope, the client proceeds with the payment. Once payment is received, we deliver the completed project, following the rendering process, to the client via the email address provided in the form. Our primary target customers include 3D interior designers and visualizers in the design industry. We aim to offer a range of flexible and competitive pricing options to attract clients and maximize revenue potential. This revenue stream will be a key driver of our financial growth and sustainability in the foreseeable future. Fixed Assets Fixed assets are stated at cost and the Company records depreciation using the straight-line method over the assets estimated useful life. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property's useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriate accounts and the resultant gain or loss is included in net income. Fixed asset amounts are as follows: Website Development Equipment Total Estimated Useful Life (Years) 5 5 Total Cost of the Asset $ 7,000 $ 363,988 $ 370,988 Accumulated Depreciation at August 31, 2024 (2,800) (122,874) (125,674) Net Book Value at August 31, 2024 $ 4,200 $ 241,114 $ 245,314 Depreciation Expense for three months ended August 31, 2024 $ 350 $ 18,199 $ 18,549 Depreciation Expense for three months ended August 31, 2023 $ 350 $ 13,549 $ 13,899 12 Fixed asset amounts are as follows: Website Development Equipment Total Estimated Useful Life (Years) 5 5 Total Cost of the Asset $ 7,000 $ 363,988 $ 370,988 Accumulated Depreciation at August 31, 2024 (2,800) (122,874) (125,674) Net Book Value at August 31, 2024 $ 4,200 $ 241,114 $ 245,314 Depreciation Expense for three months ended August 31, 2024 $ 350 $ 18,199 $ 18,549 Depreciation Expense for three months ended August 31, 2023 $ 350 $ 13,549 $ 13,899 On November 30, 2022 Global-Smart.Tech entered into cooperation to purchase equipment for $363,988. Part of this equipment was put in use in August, 2022. Complete installation and switching on of all equipment was on November 11, 2023. Website development costs was $7,000 and the website was put to productive use on August 29, 2022. Impairment of Long-Lived Assets In accordance with ASC 360-10 the Company periodically reviews the carrying value of its long-lived assets held and used at least annually or when events and circumstances warrant such a review. If significant events or changes in circumstances indicate that the carrying value of an asset or asset group may not be recoverable, the Company performs a test of recoverability by comparing the carrying value of the asset to its undiscounted expected future cash flows. If the carrying values are in excess of undiscounted expected future cash flows, we measure any impairment by comparing the fair value of the asset to its carrying value. If the fair value of an asset is determined to be less than the carrying amount of the asset, impairment in the amount of the difference is recorded. Cash and Cash Equivalents The Company considers all highly liquid investments with remaining maturities at the date of purchase of three months or less to be cash equivalents. The Company had no cash equivalents as of August 31, 2024 and May 31, 2024. 13 Fair Value of Financial Instruments ASC 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair 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; Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of the Company's loan from related parties approximates fair value due to its short-term maturity. Basic and Diluted Loss Per Share The Company computes earnings (loss) per share in accordance with ASC 260-10-45 'Earnings per Share, which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive earnings (loss) per share excludes all potential common shares if their effect is anti- dilutive. As of August 31, 2024 and 2023 the Company had no potential dilutive instruments, therefore basic and diluted earnings (loss) per share are equal. Income Taxes The Company accounts for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using the enacted tax rates in effect for the year in which the differences are expected to affect taxable income. A valuation allowance is established when necessary to reduce deferred tax assets to the amounts expected to be realized. Recent Accounting Pronouncements The Company considers all new pronouncements and management has determined that there have been no recently adopted or issued accounting standards that had or will have a material impact on its financial statements. 14 |
| Related Party Transaction | 3 Months Ended |
| Aug. 31, 2024 | |
| Related Party Transactions [Abstract] | |
| Related Party Transaction | 4. Related Party Transaction On May 30, 2022 the Company entered into a loan agreement with Yehor Rodin, the Company's sole officer and director, whereby Mr. Rodin agreed to loan up to $100,000 on an unsecured and interest-free basis. On October 7, 2022 the loan agreement was amended to increase the loan amount by $300,000, for a maximum loan amount of $400,000, and to change the maturity date to October 7, 2025. On April 8, 2024 the loan agreement was amended again to increase the loan amount by $50,000, for a maximum loan amount of $450,000, and to change the maturity date to April 8, 2027. As of May 31, 2024 Mr. Rodin had advanced $405,091 to the Company under the loan agreement. During the three months ended August 31, 2024 Mr. Rodin advanced an additional $9,000 therefore as of August 31, 2024 total advances under the loan agreement were $414,091. |
| Income Taxes | 3 Months Ended |
| Aug. 31, 2024 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 5. Income Taxes The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis. The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Company's deferred tax assets and liabilities as of August 31, 2024 are nominal, given the recent formation and limited operating activity and the Company has not yet filed any tax returns. |
| Common Stock | 3 Months Ended |
| Aug. 31, 2024 | |
| Accounting Policies [Abstract] | |
| Common Stock | 6. Common Stock The Company has 75,000,000 common shares authorized with a par value of $0.001 per share. During the three months ended August 31, 2024 and 2023 the Company did not issue any shares of common stock. As of August 31, 2024, the Company had 5,000,000 shares issued and outstanding. |
| Subsequent Events | 3 Months Ended |
| Aug. 31, 2024 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | 7. Subsequent Events In accordance with SFAS 165 (ASC 855-10), the Company reviewed its operations as of the date these financial statements were issued, and concluded that it does not have any subsequent events to disclose in these financial statements other than those described below. Subsequent to August 31, 2024, the CEO paid $13,206 to vendors on behalf of the Company under the related party loan agreement. |
| Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
| Aug. 31, 2024 | |
| Accounting Policies [Abstract] | |
| Basis of Presentation | Basis of Presentation The Company uses the accrual basis of accounting and accounting principles. The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Company has elected May 31st as its fiscal year end. |
| Use of Estimates | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. 10 |
| Foreign Currency | Foreign Currency The Company’s functional and reporting currency is the U.S. dollar. Transactions may occur in foreign currencies and management has adopted ASC 830, “Foreign Currency Translation Matters”. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. The Company is located in Montenegro. However, the Company's cash flows and expenses are primarily denominated in United States Dollars (USD) due to the nature of its operations. Accordingly, the Board of Directors has determined that USD is the Company's functional currency for the purposes of preparing the financial statements. For realized gains and losses: these are reported in the income statement, typically as a separate line item or combined with other income or expense items. For the three months ended August 31, 2024 and 2023, we didn’t recognize any foreign currency loss. Transaction gains or losses result from a change in exchange rates between the functional currency and the currency in which a foreign currency transaction is denominated. They represent an increase or decrease in both of the following: - the actual functional currency cash flows realized upon settlement of foreign currency transactions - the expected functional currency cash flows on unsettled foreign currency transactions Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the statement. |
| Revenue Recognition | Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. 11 By the end of 2024, we intend to generate revenue primarily through the sale of tariff plans for our cloud rendering services. To select the tariff plan that best fits client’s requirements, they are required to contact our team to subscribe and submit their project. This allows us to choose the right tariff plan according to their project and the cloud rendering power needed. When estimating a project, we assess the required number of hours and capacity necessary to fulfill the client's needs. The tariff plans may vary depending on the number of video cards used to produce power (10, 25 and 40 video cards), as well as the time needed for rendering with a minimum option of 5 hours. Clients can contact us using the information provided in the "Contacts" section on our website (https://global-smart.tech/contacts/). After determining the project scope, the client proceeds with the payment. Once payment is received, we deliver the completed project, following the rendering process, to the client via the email address provided in the form. Our primary target customers include 3D interior designers and visualizers in the design industry. We aim to offer a range of flexible and competitive pricing options to attract clients and maximize revenue potential. This revenue stream will be a key driver of our financial growth and sustainability in the foreseeable future. |
| Fixed Assets | Fixed Assets Fixed assets are stated at cost and the Company records depreciation using the straight-line method over the assets estimated useful life. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property's useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriate accounts and the resultant gain or loss is included in net income. Fixed asset amounts are as follows: Website Development Equipment Total Estimated Useful Life (Years) 5 5 Total Cost of the Asset $ 7,000 $ 363,988 $ 370,988 Accumulated Depreciation at August 31, 2024 (2,800) (122,874) (125,674) Net Book Value at August 31, 2024 $ 4,200 $ 241,114 $ 245,314 Depreciation Expense for three months ended August 31, 2024 $ 350 $ 18,199 $ 18,549 Depreciation Expense for three months ended August 31, 2023 $ 350 $ 13,549 $ 13,899 12 Fixed asset amounts are as follows: Website Development Equipment Total Estimated Useful Life (Years) 5 5 Total Cost of the Asset $ 7,000 $ 363,988 $ 370,988 Accumulated Depreciation at August 31, 2024 (2,800) (122,874) (125,674) Net Book Value at August 31, 2024 $ 4,200 $ 241,114 $ 245,314 Depreciation Expense for three months ended August 31, 2024 $ 350 $ 18,199 $ 18,549 Depreciation Expense for three months ended August 31, 2023 $ 350 $ 13,549 $ 13,899 On November 30, 2022 Global-Smart.Tech entered into cooperation to purchase equipment for $363,988. Part of this equipment was put in use in August, 2022. Complete installation and switching on of all equipment was on November 11, 2023. Website development costs was $7,000 and the website was put to productive use on August 29, 2022. |
| Impairment of Long-Lived Assets | Impairment of Long-Lived Assets In accordance with ASC 360-10 the Company periodically reviews the carrying value of its long-lived assets held and used at least annually or when events and circumstances warrant such a review. If significant events or changes in circumstances indicate that the carrying value of an asset or asset group may not be recoverable, the Company performs a test of recoverability by comparing the carrying value of the asset to its undiscounted expected future cash flows. If the carrying values are in excess of undiscounted expected future cash flows, we measure any impairment by comparing the fair value of the asset to its carrying value. If the fair value of an asset is determined to be less than the carrying amount of the asset, impairment in the amount of the difference is recorded. |
| Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments with remaining maturities at the date of purchase of three months or less to be cash equivalents. The Company had no cash equivalents as of August 31, 2024 and May 31, 2024. 13 |
| Fair Value of Financial Instruments | Fair Value of Financial Instruments ASC 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair 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; Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of the Company's loan from related parties approximates fair value due to its short-term maturity. |
| Basic and Diluted Loss Per Share | Basic and Diluted Loss Per Share The Company computes earnings (loss) per share in accordance with ASC 260-10-45 'Earnings per Share, which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive earnings (loss) per share excludes all potential common shares if their effect is anti- dilutive. As of August 31, 2024 and 2023 the Company had no potential dilutive instruments, therefore basic and diluted earnings (loss) per share are equal. |
| Income Taxes | Income Taxes The Company accounts for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using the enacted tax rates in effect for the year in which the differences are expected to affect taxable income. A valuation allowance is established when necessary to reduce deferred tax assets to the amounts expected to be realized. |
| Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company considers all new pronouncements and management has determined that there have been no recently adopted or issued accounting standards that had or will have a material impact on its financial statements. |
