| Cover - shares | 6 Months Ended | |
| Oct. 31, 2023 | Dec. 01, 2023 | |
| Cover [Abstract] | ||
| Document Type | 10-Q | |
| Amendment Flag | false | |
| Quarterly Report | true | |
| Document Transition Report | false | |
| Document Period End Date | Oct. 31, 2023 | |
| Document Fiscal Period Focus | Q2 | |
| Document Fiscal Year Focus | 2024 | |
| Current Fiscal Year End Date | --04-30 | |
| File Number | 333-268561 | |
| Registrant Name | MAG MAGNA CORP. | |
| Entity Central Index Key | 0001949864 | |
| Tax Identification Number | 98-1626237 | |
| Incorporation State | WY | |
| Address Line1 | 325 W Washington St Ste 2877 | |
| Address City | San Diego | |
| Address State | CA | |
| Postal Z ip Code | 92103 | |
| City Area Code | 620 | |
| Local Phone Number | 4692043 | |
| Current Reporting Status | Yes | |
| Interactive Data Current | No | |
| Filer Category | Non-accelerated Filer | |
| Small Business | true | |
| Emerging Growth Company | true | |
| Elected Not To Use the Extended Transition Period | false | |
| Shell Company | false | |
| Shares Outstanding | 4,732,000 |
| Balance Sheets - USD ($) | Oct. 31, 2023 | Apr. 30, 2023 |
| Current Assets | ||
| Сash and Cash Equivalents | $ 4,484 | $ 4,513 |
| Total Current Assets | 4 | 4,513 |
| Other Assets | ||
| Intangible assets, net | 15,639 | 8,206 |
| Prepaid Expense | 9,000 | |
| Total Other Assets | 15,639 | 17,206 |
| TOTAL ASSETS | 20,123 | 21,719 |
| Current Liabilities | ||
| Accounts payable | ||
| Loan payable – related party | 46,625 | 35,136 |
| Total Current Liabilities | 46,625 | 35,136 |
| Total Liabilities | 46,625 | 35,136 |
| Stockholder’s Equity (Deficit) | ||
| Common stock, $0.001 par value, 75,000,000 shares authorized, 4,500,000 and 4,500,000 shares issued and outstanding at October 31, 2023 and April 30, 2023 | 4,500 | 4,500 |
| Retained Earnings | (17,917) | 1 |
| Accumulated deficit | (13,085) | (17,918) |
| Total Stockholders’ Equity (Deficit) | (26,502) | (13,417) |
| TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY (DEFICIT) | $ 20,123 | $ 21,719 |
| Balance Sheets (Parenthetical) - $ / shares | Oct. 31, 2023 | Apr. 30, 2023 |
| Statement of Financial Position [Abstract] | ||
| Common Stock Value Per Share | $ 0.001 | $ 0.001 |
| CommonStockSharesAuthorized | 75,000,000 | 75,000,000 |
| CommonStockSharesIssued | 4,500,000 | 4,500,000 |
| CommonStockSharesOutstanding | 4,500,000 | 4,500,000 |
| Statements of Operations - USD ($) | 2 Months Ended | 3 Months Ended | 6 Months Ended | |
| Oct. 31, 2022 | Oct. 31, 2023 | Oct. 31, 2023 | Oct. 31, 2022 | |
| Income Statement [Abstract] | ||||
| REVENUES | $ 1,400 | $ 1,400 | ||
| Cost of sales | ||||
| GROSS PROFIT | 1,400 | 1,400 | ||
| General and administrative expenses | 3,837 | 7,071 | 14,496 | 6,899 |
| TOTAL OPERATING EXPENSES | 3,837 | 7,071 | 14,496 | 6,899 |
| LOSS FROM OPERATIONS | 3,837 | (5,671) | (13,096) | 6,899 |
| Interest income | 3 | 6 | 11 | 5 |
| TOTAL OTHER EXPENSE | 3 | 6 | 11 | 5 |
| NET INCOME (LOSS) | $ (3,834) | $ 5,666 | $ (13,085) | $ (6,894) |
| NET INCOME (LOSS) PER SHARE | $ 0 | $ 0 | $ 0 | $ 0 |
| WEIGHTED AVERAGE NUMBER F SHARES OUTSTANDING: BASIC AND DILUTED | 4,500,000 | 4,500,000 | 4,500,000 | 4,500,000 |
| Changes in Equity - USD ($) | Common Stock [Member] | Retained Earnings [Member] | Total |
| Balance, shares | 4,500,000 | ||
| Balance at July 31, 2023 at Apr. 30, 2022 | $ 4,500 | $ 1 | $ 4,501 |
| Net Income (loss) | (6,894) | (6,894) | |
| Ending balance, value at Oct. 31, 2022 | 4,500 | (6,893) | (2,393) |
| Balance at July 31, 2023 at Aug. 31, 2022 | 4,500 | (3,058) | 1,441 |
| Net Income (loss) | (3,834) | (3,834) | |
| Ending balance, value at Oct. 31, 2022 | 4,500 | (6,893) | $ (2,393) |
| Balance, shares | 4,500,000 | ||
| Balance at July 31, 2023 at Apr. 30, 2023 | 4,500 | (17,917) | $ (13,417) |
| Net Income (loss) | (13,085) | (13,085) | |
| Ending balance, value at Oct. 31, 2023 | 4,500 | (31,002) | $ (26,502) |
| Balance, shares | 4,500,000 | ||
| Balance at July 31, 2023 at Jul. 31, 2023 | 4,500 | (25,336) | $ (20,836) |
| Net Income (loss) | (5,666) | (5,666) | |
| Ending balance, value at Oct. 31, 2023 | $ 4,500 | $ (31,002) | $ (26,502) |
| Balance, shares | 4,500,000 |
| Statements of Cash Flows - USD ($) | 6 Months Ended | |
| Oct. 31, 2023 | Oct. 31, 2022 | |
| OPERATING ACTIVITIES | ||
| Net income | $ (13,085) | $ (6,894) |
| Amortization expense | 1,567 | 164 |
| Prepaid expense | (9,000) | (6,450) |
| Accounts payable | (2,950) | |
| NET CASH USED IN OPERATING ACTIVITIES | (20,518) | (16,130) |
| INVESTING ACTIVITIES | ||
| Intangible Assets | 9,000 | |
| NET CASH USED IN INVESTING ACTIVITIES | 9,000 | |
| FINANCING ACTIVITIES | ||
| Proceeds from borrowings – related party | 11,489 | 16,135 |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 11,489 | 16,135 |
| Net increase (decrease) in cash | (29) | 5 |
| Cash at beginning of period | 4,513 | 4,501 |
| Cash at end of period | 4,484 | 4,506 |
| Interest paid | ||
| Income taxes paid | ||
| Basis of Presentation | 6 Months Ended |
| Oct. 31, 2023 | |
| Accounting Policies [Abstract] | |
| Basis of Presentation | 1. The Company and Basis of Presentation MAG MAGNA CORP (“the Company”) was incorporated under the laws of the State of Wyoming, U.S. on September 20, 2021 (Inception). At present, the Company is primarily engaged in organizational activities. The company's primary focus lies in assisting and optimizing businesses engaged in poultry farming and the production of antibiotic-free feed additives. The Company has elected April 30th as its fiscal year-end. |
| Going Concern | 6 Months Ended |
| Oct. 31, 2023 | |
| 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. We have an accumulated deficit of $ at October 31, 2023, had a net loss of $ , and used net cash of $ in operating activities for six months ended October 31, 2023. 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 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 existing cash on hand and public issuance 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. |
| Summary of Significant Accounting Policies | 6 Months Ended |
| Oct. 31, 2023 | |
| Accounting Policies [Abstract] | |
| Summary of Significant Accounting Policies | 3. Summary of Significant Accounting Policies Basis of Presentation The Company uses the accrual basis of accounting and accounting principles. The condensed 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 Condensed Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Revenue 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. 9 An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract with the customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4. Allocate the transaction price. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. The revenue for our Poultry Farming Consultancy is acknowledged at a specific moment when translated materials are delivered in accordance with contractual terms. The company assumes no responsibility for any inability to fulfill obligations arising from circumstances beyond reasonable control. Our liability is restricted to the cumulative sum of payments made by the customer for services specified in the invoice. We may request deposits from clients before delivering services upon order placement. If deposits are obtained before providing services, the consultancy acknowledges deferred revenue until the service delivery is completed. During the six months ended October 31, 2023 and 2022, we have generated revenue in the amount of $1,400 and $0, respectively 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. Receivables Receivables are carried at net realizable value, representing the outstanding balance less an allowance for doubtful accounts based on a review of all outstanding amounts. Management determines the allowance for doubtful accounts by regularly evaluating individual receivables, and receivables are written off when deemed uncollectible. Recoveries of receivables previously written off are recorded when received. We had an allowance for doubtful accounts of $0 as of October 31, 2023 and April 30, 2023. 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. 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. Intangible Asset The Company accounts for its intangible assets in accordance with ASC Subtopic 350-40, Internal-Use Software-Computer Software Developed or Obtained for Internal Use, and ASC Subtopic 360-10, Accounting for the Impairment or Disposal of Long-Lived Assets. ASC Subtopic 350-40 requires assets to be recorded at the cost to develop the asset and requires an intangible asset to be amortized over its useful life and for the useful life to be evaluated every reporting period to determine whether events or circumstances warrant a revision to the remaining period of amortization. If the estimate of useful life is changed the remaining carrying amount of the intangible asset is amortized prospectively over the revised remaining useful life. 10 MAG MAGNA CORP Notes to the Condensed Financial Statements (Unaudited) We capitalized website development and software costs of $ , which is being amortized over a 3-year life or $511 per year. During the six months ended October 31, 2023, and October 31, 2022, we recognized $1,567 and $164 worth of amortization expense, respectively. Impairment of Long-Lived Assets The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. 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. 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 the 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. The Company has no potential dilutive instruments, and 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. 11 MAG MAGNA CORP Notes to the Condensed Financial Statements (Unaudited) Recent Accounting Pronouncements The Company reviews new accounting standards as issued. Management has not identified any new standards that it believes will have a significant impact on the Company’s financial statements. |
| Related party | 6 Months Ended |
| Oct. 31, 2023 | |
| Related Party Transactions [Abstract] | |
| Related party | 4. Related party As of October 31, 2023, a director of the Company advanced $ 78,067 |
| Stockholders’ Equity | 6 Months Ended |
| Oct. 31, 2023 | |
| Equity [Abstract] | |
| Stockholders’ Equity | 5. Stockholders’ Equity Upon formation, the total number of shares of all classes of stock which the Company is authorized to issue is Seventy-Five Million (75,000,000) shares of Common Stock, par value of $0.001 per share. On November 26, 2021 the Company issued 4,500,000 shares of its common stock at $0.001 per share for total proceeds of $4,500. There were 4,500,000 |
| Subsequent Events | 6 Months Ended |
| Oct. 31, 2023 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | 6. Subsequent Events In accordance with ASC 855, “Subsequent Events”, the Company has analyzed its operations subsequent to October 31, 2023, and has determined that it does not have any material subsequent events to disclose in these financial statements other than those described below. During November 2023, the Company issued 232,000 shares of common stock for cash proceeds of $5,800 at $0.025 per share. As of today, the Company issued 232,000 shares of common stock for cash proceeds of $5,800 at $0.025 per share. |
| Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
| Oct. 31, 2023 | |
| Accounting Policies [Abstract] | |
| Basis of Presentation | Basis of Presentation The Company uses the accrual basis of accounting and accounting principles. The condensed 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 Condensed Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). |
| Revenue | Revenue 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. 9 An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract with the customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4. Allocate the transaction price. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. The revenue for our Poultry Farming Consultancy is acknowledged at a specific moment when translated materials are delivered in accordance with contractual terms. The company assumes no responsibility for any inability to fulfill obligations arising from circumstances beyond reasonable control. Our liability is restricted to the cumulative sum of payments made by the customer for services specified in the invoice. We may request deposits from clients before delivering services upon order placement. If deposits are obtained before providing services, the consultancy acknowledges deferred revenue until the service delivery is completed. During the six months ended October 31, 2023 and 2022, we have generated revenue in the amount of $1,400 and $0, respectively |
| 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. |
| Receivables | Receivables Receivables are carried at net realizable value, representing the outstanding balance less an allowance for doubtful accounts based on a review of all outstanding amounts. Management determines the allowance for doubtful accounts by regularly evaluating individual receivables, and receivables are written off when deemed uncollectible. Recoveries of receivables previously written off are recorded when received. We had an allowance for doubtful accounts of $0 as of October 31, 2023 and April 30, 2023. |
| 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. 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. |
| Intangible Asset | Intangible Asset The Company accounts for its intangible assets in accordance with ASC Subtopic 350-40, Internal-Use Software-Computer Software Developed or Obtained for Internal Use, and ASC Subtopic 360-10, Accounting for the Impairment or Disposal of Long-Lived Assets. ASC Subtopic 350-40 requires assets to be recorded at the cost to develop the asset and requires an intangible asset to be amortized over its useful life and for the useful life to be evaluated every reporting period to determine whether events or circumstances warrant a revision to the remaining period of amortization. If the estimate of useful life is changed the remaining carrying amount of the intangible asset is amortized prospectively over the revised remaining useful life. 10 MAG MAGNA CORP Notes to the Condensed Financial Statements (Unaudited) We capitalized website development and software costs of $ , which is being amortized over a 3-year life or $511 per year. During the six months ended October 31, 2023, and October 31, 2022, we recognized $1,567 and $164 worth of amortization expense, respectively. |
| Impairment of Long-Lived Assets | Impairment of Long-Lived Assets The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. |
| 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. |
| 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 the 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. The Company has no potential dilutive instruments, and 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. 11 MAG MAGNA CORP Notes to the Condensed Financial Statements (Unaudited) |
| Recent Accounting Pronouncements | Recent Accounting Pronouncements |
| Related party (Details Narrative) | Oct. 31, 2023 USD ($) |
| Related Party Transactions [Abstract] | |
| advance | $ 78,067 |
| Stockholders’ Equity (Details Narrative) | Oct. 31, 2023 $ / shares |
| Equity [Abstract] | |
| shares issued | $ 4,500,000 |
| Label | Element | Value |
| Balance, shares | us-gaap_SharesIssued | 4,500,000 |
| Balance, shares | us-gaap_SharesIssued | 4,500,000 |
