Cover
Cover - shares | 6 Months Ended | |
Jul. 31, 2023 | Aug. 17, 2023 | |
Cover [Abstract] | ||
Entity Registrant Name | LVPAI GROUP LIMITED | |
Entity Central Index Key | 0000831378 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Current Fiscal Year End Date | --01-31 | |
Entity Small Business | true | |
Entity Shell Company | true | |
Entity Emerging Growth Company | false | |
Entity Current Reporting Status | Yes | |
Document Period End Date | Jul. 31, 2023 | |
Entity Filer Category | Non-accelerated Filer | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2024 | |
Entity Common Stock Shares Outstanding | 100,103,103 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 033-20966 | |
Entity Incorporation State Country Code | NV | |
Entity Tax Identification Number | 76-0251547 | |
Entity Address Address Line 1 | 50 West Liberty Street | |
Entity Address Address Line 2 | Suite 880 | |
Entity Address City Or Town | Reno | |
Entity Address State Or Province | NV | |
Entity Address Postal Zip Code | 89501 | |
City Area Code | 646 | |
Local Phone Number | 768-8417 | |
Entity Interactive Data Current | Yes |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) | Jul. 31, 2023 | Jan. 31, 2023 |
ASSETS | ||
TOTAL ASSETS | $ 0 | $ 0 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ||
Accrued liabilities and other payable | 420 | 420 |
Amount due to the related parties | 87,022 | 64,607 |
TOTAL LIABILITIES | 87,442 | 65,027 |
STOCKHOLDERS' DEFICIT | ||
Preferred stock, $0.001 par value, 20,000,000 shares authorized, 8,000,000 shares issued and outstanding, July 31, 2023 and January 31, 2023, respectively | 8,000 | 8,000 |
Common stock, $0.001 par value, 300,000,000 shares authorized, 100,103,103 shares issued and outstanding as of July 31, 2023 and January 31, 2023, respectively | 100,103 | 100,103 |
Additional paid-in capital | 19,518,948 | 19,518,948 |
Accumulated deficit | (19,714,493) | (19,692,078) |
TOTAL STOCKHOLDERS' DEFICIT | (87,442) | (65,027) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 0 | $ 0 |
CONDENSED CONSOLIDATED BALANC_2
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Jul. 31, 2023 | Jan. 31, 2023 |
CONDENSED CONSOLIDATED BALANCE SHEETS | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 8,000,000 | 8,000,000 |
Preferred stock, shares outstanding | 8,000,000 | 8,000,000 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 300,000,000 | 300,000,000 |
Common stock, shares issued | 100,103,103 | 100,103,103 |
Common stock, shares outstanding | 100,103,103 | 100,103,103 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) | ||||
REVENUES | $ 0 | $ 0 | $ 0 | $ 0 |
COST OF REVENUES | 0 | 0 | 0 | 0 |
GROSS PROFIT | 0 | 0 | 0 | 0 |
OPERATING EXPENSES | (11,635) | (9,310) | (22,415) | (25,973) |
LOSS FROM OPERATIONS | (11,635) | (9,310) | (22,415) | (25,973) |
Other expense | 0 | 0 | 0 | 0 |
Net loss from operations | (11,635) | (9,310) | (22,415) | (25,973) |
Net loss | (11,635) | (9,310) | (22,415) | (25,973) |
Other comprehensive income: | ||||
- Foreign currency translation adjustment | 0 | 0 | 0 | 0 |
COMPREHENSIVE LOSS | $ (11,635) | $ (9,310) | $ (22,415) | $ (25,973) |
Net loss per share- Basic and diluted | $ 0 | $ (0.09) | $ 0 | $ (0.16) |
Weighted Average Number of shares outstanding | 13,253,788 | 103,103 | 13,253,788 | 103,103 |
CONDENSED CONSOLIDATED STATEM_2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY - USD ($) | Total | Preferred Stock | Common Stock | Additional Paid-In Capital | Accumulated Deficit |
Balance, shares at Jan. 31, 2022 | 10,000,000 | 103,103 | |||
Balance, amount at Jan. 31, 2022 | $ (28,769) | $ 10,000 | $ 103 | $ 19,616,948 | $ (19,655,820) |
Net loss | (16,663) | $ 0 | $ 0 | 0 | (16,663) |
Balance, shares at Apr. 30, 2022 | 10,000,000 | 101,103 | |||
Balance, amount at Apr. 30, 2022 | (45,432) | $ 10,000 | $ 103 | 19,616,948 | (19,672,483) |
Balance, shares at Jan. 31, 2022 | 10,000,000 | 103,103 | |||
Balance, amount at Jan. 31, 2022 | (28,769) | $ 10,000 | $ 103 | 19,616,948 | (19,655,820) |
Net loss | (25,973) | ||||
Balance, shares at Jul. 31, 2022 | 10,000,000 | 101,103 | |||
Balance, amount at Jul. 31, 2022 | (54,742) | $ 10,000 | $ 103 | 19,616,948 | (19,681,793) |
Balance, shares at Apr. 30, 2022 | 10,000,000 | 101,103 | |||
Balance, amount at Apr. 30, 2022 | (45,432) | $ 10,000 | $ 103 | 19,616,948 | (19,672,483) |
Net loss | (9,310) | $ 0 | $ 0 | 0 | (9,310) |
Balance, shares at Jul. 31, 2022 | 10,000,000 | 101,103 | |||
Balance, amount at Jul. 31, 2022 | (54,742) | $ 10,000 | $ 103 | 19,616,948 | (19,681,793) |
Balance, shares at Jan. 31, 2023 | 8,000,000 | 100,103,103 | |||
Balance, amount at Jan. 31, 2023 | (65,027) | $ 8,000 | $ 100,103 | 19,518,948 | (19,692,078) |
Net loss | (10,780) | $ 0 | $ 0 | 0 | (10,780) |
Balance, shares at Apr. 30, 2023 | 8,000,000 | 100,103,103 | |||
Balance, amount at Apr. 30, 2023 | (75,807) | $ 8,000 | $ 100,103 | 19,518,948 | (19,702,858) |
Balance, shares at Jan. 31, 2023 | 8,000,000 | 100,103,103 | |||
Balance, amount at Jan. 31, 2023 | (65,027) | $ 8,000 | $ 100,103 | 19,518,948 | (19,692,078) |
Net loss | (22,415) | ||||
Balance, shares at Jul. 31, 2023 | 8,000,000 | 100,103,103 | |||
Balance, amount at Jul. 31, 2023 | (87,442) | $ 8,000 | $ 100,103 | 19,518,948 | (19,714,493) |
Balance, shares at Apr. 30, 2023 | 8,000,000 | 100,103,103 | |||
Balance, amount at Apr. 30, 2023 | (75,807) | $ 8,000 | $ 100,103 | 19,518,948 | (19,702,858) |
Net loss | (11,635) | $ 0 | $ 0 | 0 | (11,635) |
Balance, shares at Jul. 31, 2023 | 8,000,000 | 100,103,103 | |||
Balance, amount at Jul. 31, 2023 | $ (87,442) | $ 8,000 | $ 100,103 | $ 19,518,948 | $ (19,714,493) |
CONDENSED CONSOLIDATED STATEM_3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 6 Months Ended | |
Jul. 31, 2023 | Jul. 31, 2022 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (22,415) | $ (25,973) |
Changes in operating assets and liabilities: | ||
Accrued liabilities and other payables | 0 | 5,050 |
Net cash used in operating activities | (22,415) | (20,923) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from related parties loans | 22,415 | 20,923 |
Net cash used in financing activities | 22,415 | 20,923 |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 |
Net change in cash and cash equivalents | 0 | 0 |
Cash and cash equivalents, beginning of period | 0 | 0 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 0 | 0 |
SUPPLEMENTAL CASH FLOWS INFORMATION | ||
Cash paid for income taxes | 0 | 0 |
Cash paid for interest paid | $ 0 | $ 0 |
ORGANIZATION AND BUSINESS BACKG
ORGANIZATION AND BUSINESS BACKGROUND | 6 Months Ended |
Jul. 31, 2023 | |
ORGANIZATION AND BUSINESS BACKGROUND | |
ORGANIZATION AND BUSINESS BACKGROUND | NOTE 1 – ORGANIZATION AND BUSINESS BACKGROUND The results for the three months ended July 31, 2023 are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the financial statements and footnotes thereto included in the Company's Annual Report on Form 10K for the year ended January 31, 2023, filed with the Securities and Exchange Commission. The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at July 31, 2023 and for the related periods presented. Lvpai Group Limited, a Nevada corporation (“LVPA”, “the Company”, “we”, “us”) has been dormant since November 2011. On March 16, 2020, as a result of a custodianship in Clark County, Nevada, Case Number: A-20-809716-B, Custodian Ventures LLC (“Custodian”) was appointed custodian of the Company. On March 17, 2020, Custodian appointed David Lazar as the Company’s Chief Executive Officer, President, Secretary, Chief Financial Officer, Chief Executive Officer, and Chairman of the Board of Directors. On January 25, 2021, as a result of a private transactions, 10,000,000 shares of Series A Preferred Stock, $0.001 par value per share (the “Shares”) of the Company were transferred from Custodian Ventures, LLC to Yang Fuzhu (the “Purchaser”). Each share of Series A Preferred Stock is convertible to 200 shares of common stock as a result, the Purchaser became an approximately 86.95% holder of the voting rights of the issued and outstanding share capital of the Company on a fully-diluted basis of the Company, and became the controlling shareholder. The consideration paid for the Shares was $250,000. The source of the cash consideration for the Shares was personal funds of the Purchaser. In connection with the transaction, David Lazar released the Company from $65,503 in debt owed to him. On January 25, 2021, David Lazar, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary, and a Director. At the effective date of the transfer, Yang Fuzhu consented to act as the new President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company. On August 12, 2022, as a result of two private transactions, (i) 4,000,000 shares of Series A Preferred Stock, $0.001 par value per share (the “Shares”) of the Company, were transferred from Yang Fuzhu to Chen Yuanhang and (ii) 1,000,000 Shares were transferred to Frank Chen (together, the “Purchasers”). As a result, the Purchasers became holders of an aggregate of approximately 43.48% of the voting rights of the issued and outstanding share capital of the Company and Yang Fuzhu retained 43.48% of the voting rights of the Company and is no longer the controlling shareholder. The consideration paid for the Shares was $172,500. The source of the cash consideration for the Shares was personal funds of the Purchasers. On August 12, 2022, the existing director and officer resigned immediately. Accordingly, Yang Fuzhu, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, Treasurer and Secretary. At the effective date of the transfer, Chen Yuanhang consented to act as the new Chief Executive Officer, President, and a Director of the Company, and Zhang Wenmin consented to act as the new Chief Financial Officer of the Company. Chen Yuanhang has been our Chief Executive Officer since August 12, 2022. Mr. Yuanhang also serves as our Chief Executive Officer, President, Treasurer, Secretary and a Director. At the effective date of the transfer, Chen Yuanhang consented to act as the new President, CEO, Treasurer, Secretary and Chairman of the Board of Directors of the Company. and Zhang Wenmin consented to act as the new Chief Financial Officer of the Company. The Company’s accounting year-end is January 31. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND GOING CONCERN | 6 Months Ended |
Jul. 31, 2023 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND GOING CONCERN | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND GOING CONCERN | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND GOING CONCERN The accompanying unaudited condensed financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying financial statements and notes. ● Basis of presentation The accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP ● Going concern The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve-month period following the date of these financial statements. The Company has incurred operating losses since inception. As of July 31, 2023 the Company had negative retained earnings of 19,714,493. Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. Prior to August 12, 2022 when a change of control in the Company occurred, the Company had been being funded by Mr. Fuzhu Yang who extended interest-free demand loans to the Company. Historically, the Company has raised capital through private placements, as an interim measure to finance working capital needs and may continue to raise additional capital through the sale of common stock or other securities and obtaining some short-term loans. The Company will be required to continue to so until its operations become profitable. Also, the Company has, in the past, paid for consulting services with its common stock to maximize working capital, and intends to continue this practice where feasible. ● Use of estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities, the liability for the excess share issuance, and disclosure of contingent assets and liabilities at the date of the financial statements. The most significant estimates relate to income taxes and contingencies. The Company bases its estimates on historical experience, known or expected trends and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates. ● Cash and cash equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. On July 31, 2022, and January 31, 2022, the Company’s cash equivalents totaled $0 and $0, respectively. ● Revenue recognition On July 1, 2018, the Company adopted Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC 606”). Results for reporting periods beginning after January 1, 2018, are presented under ASC 606. As of and for the year ended July 31, 2023 the financial statements were not impacted due to the application of Topic 606 because the Company had no revenues. ● Income taxes The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes” “Accounting for Uncertainty in Income Taxes” The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit. ● Stock-based Compensation The Company accounts for stock-based compensation using the fair value method following the guidance outlined in Section 718-10 of the FASB Accounting Standards Codification for disclosure about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service. ● Net loss per share Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. ● Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. ● Recent accounting pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) Codification Improvements Codification Improvements to Topic 842, Leases (Topic 842) Targeted Improvements, We adopted ASC 842 on July 1, 2020. The adoption of this guidance did not have any impact on our financial statements. ● Stockholders’ Equity and Accrued Liability Excess Stock Issuance The Company has authorized 300,000,000 shares of Common Stock with a par value of $0.001. As of July 31, 2023, and January 31, 2023, respectively, there were 100,103,103 shares of Common Stock issued and outstanding, respectively. As of July 31, 2023, and January 31, 2023, 8,000,000 shares of preferred stock were outstanding respectively, and preferred Series A stock, $0.001 par value, 20,000,000 shares authorized. |
ACCRUED LIABILITIES
ACCRUED LIABILITIES | 6 Months Ended |
Jul. 31, 2023 | |
ACCRUED LIABILITIES | |
ACCRUED LIABILITIES | NOTE 3 - ACCRUED LIABILITIES As of July 31, 2023 January 31, 2023 (Unaudited) (Audited) ACCRUED LIABILITIES $ 420 $ 420 TOTAL ACCRUED LIABILITIES $ 420 $ 420 The accrued liabilities included the share agency fee. |
AMOUNT DUE TO THE RELATED PARTI
AMOUNT DUE TO THE RELATED PARTIES | 6 Months Ended |
Jul. 31, 2023 | |
AMOUNT DUE TO THE RELATED PARTIES | |
AMOUNT DUE TO THE RELATED PARTIES | NOTE 4 - AMOUNT DUE TO THE RELATED PARTIES As of July 31, 2023 January 31, 2023 (Unaudited) (Audited) Mr. Yang Fuzhu (Shareholder & former director) $ 24,499 $ 24,499 Mr. Chen Yanghang (Shareholder & director) 62,523 40,108 TOTAL AMOUNT DUE TO THE RELATED PARTIES $ 87,022 $ 64,607 The amount due are unsecured, interest-free with no fixed payment term, for working capital purpose. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND GOING CONCERN (Policies) | 6 Months Ended |
Jul. 31, 2023 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND GOING CONCERN | |
Basis of presentation | The accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP |
Going concern | The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve-month period following the date of these financial statements. The Company has incurred operating losses since inception. As of July 31, 2023 the Company had negative retained earnings of 19,714,493. Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. Prior to August 12, 2022 when a change of control in the Company occurred, the Company had been being funded by Mr. Fuzhu Yang who extended interest-free demand loans to the Company. Historically, the Company has raised capital through private placements, as an interim measure to finance working capital needs and may continue to raise additional capital through the sale of common stock or other securities and obtaining some short-term loans. The Company will be required to continue to so until its operations become profitable. Also, the Company has, in the past, paid for consulting services with its common stock to maximize working capital, and intends to continue this practice where feasible. |
Use of estimates | The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities, the liability for the excess share issuance, and disclosure of contingent assets and liabilities at the date of the financial statements. The most significant estimates relate to income taxes and contingencies. The Company bases its estimates on historical experience, known or expected trends and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates. |
Cash and cash equivalents | The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. On July 31, 2022, and January 31, 2022, the Company’s cash equivalents totaled $0 and $0, respectively. |
Revenue recognition | On July 1, 2018, the Company adopted Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC 606”). Results for reporting periods beginning after January 1, 2018, are presented under ASC 606. As of and for the year ended July 31, 2023 the financial statements were not impacted due to the application of Topic 606 because the Company had no revenues. |
Income taxes | The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes” “Accounting for Uncertainty in Income Taxes” The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit. |
Stock-based Compensation | The Company accounts for stock-based compensation using the fair value method following the guidance outlined in Section 718-10 of the FASB Accounting Standards Codification for disclosure about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service. |
Net loss per share | Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. |
Related parties | Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. |
Recent accounting pronouncements | In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) Codification Improvements Codification Improvements to Topic 842, Leases (Topic 842) Targeted Improvements, We adopted ASC 842 on July 1, 2020. The adoption of this guidance did not have any impact on our financial statements. |
Stockholders' Equity and Accrued Liability Excess Stock Issuance | The Company has authorized 300,000,000 shares of Common Stock with a par value of $0.001. As of July 31, 2023, and January 31, 2023, respectively, there were 100,103,103 shares of Common Stock issued and outstanding, respectively. As of July 31, 2023, and January 31, 2023, 8,000,000 shares of preferred stock were outstanding respectively, and preferred Series A stock, $0.001 par value, 20,000,000 shares authorized. |
ACCRUED LIABILITIES (Tables)
ACCRUED LIABILITIES (Tables) | 6 Months Ended |
Jul. 31, 2023 | |
ACCRUED LIABILITIES | |
SCHEDULE OF ACCRUED LIABILITIES | As of July 31, 2023 January 31, 2023 (Unaudited) (Audited) ACCRUED LIABILITIES $ 420 $ 420 TOTAL ACCRUED LIABILITIES $ 420 $ 420 |
AMOUNT DUE TO THE RELATED PATIE
AMOUNT DUE TO THE RELATED PATIES (Tables) | 6 Months Ended |
Jul. 31, 2023 | |
AMOUNT DUE TO THE RELATED PARTIES | |
SCHEDULE OF AMOUNT DUE TO RELATED PARTIES | As of July 31, 2023 January 31, 2023 (Unaudited) (Audited) Mr. Yang Fuzhu (Shareholder & former director) $ 24,499 $ 24,499 Mr. Chen Yanghang (Shareholder & director) 62,523 40,108 TOTAL AMOUNT DUE TO THE RELATED PARTIES $ 87,022 $ 64,607 |
ORGANIZATION AND BUSINESS BAC_2
ORGANIZATION AND BUSINESS BACKGROUND (Details Narrative) - Series A Preferred Stock [Member] - Private Transaction [Member] - USD ($) | Aug. 12, 2022 | Jan. 25, 2021 |
Shares issued in transaction, shares | 10,000,000 | |
Sale of stock price per share | $ 0.001 | |
Shares issued upon conversion | 200 | |
Ownership percentage | 86.95% | |
Proceeds from issuance of stock | $ 172,500 | $ 250,000 |
Business combination, separately recognized transactions, description | 4,000,000 shares of Series A Preferred Stock, $0.001 par value per share (the “Shares”) of the Company, were transferred from Yang Fuzhu to Chen Yuanhang and (ii) 1,000,000 Shares were transferred to Frank Chen (together, the “Purchasers”). As a result, the Purchasers became holders of an aggregate of approximately 43.48% of the voting rights of the issued and outstanding share capital of the Company and Yang Fuzhu retained 43.48% of the voting rights of the Company and is no longer the controlling shareholder | |
David Lazar [Member] | ||
Debt forgiven | $ 65,503 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND GOING CONCERN (Details Narrative) - USD ($) | Jul. 31, 2023 | Jan. 31, 2023 | Jul. 31, 2022 | Jan. 31, 2022 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND GOING CONCERN | ||||
Accumulated deficit | $ 19,714,493 | $ 19,692,078 | ||
Cash equivalents | $ 0 | $ 0 | ||
Common stock, shares authorized | 300,000,000 | 300,000,000 | ||
Common stock, par value | $ 0.001 | $ 0.001 | ||
Common stock, shares issued | 100,103,103 | 100,103,103 | ||
Common stock, shares outstanding | 100,103,103 | 100,103,103 | ||
Preferred stock, shares authorized | 20,000,000 | 20,000,000 | ||
Preferred stock, shares outstanding | 8,000,000 | 8,000,000 | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
ACCRUED LIABILITIES (Details)
ACCRUED LIABILITIES (Details) - USD ($) | Jul. 31, 2023 | Jan. 31, 2023 |
ACCRUED LIABILITIES | ||
ACCRUED LIABILITIES | $ 420 | $ 420 |
TOTAL ACCRUED LIABILITIES | $ 420 | $ 420 |
AMOUNT DUE TO THE RELATED PAR_2
AMOUNT DUE TO THE RELATED PARTIES (Details) - USD ($) | Jul. 31, 2023 | Jan. 31, 2023 |
TOTAL AMOUNT DUE TO THE RELATED PARTIES | $ 87,022 | $ 64,607 |
Mr. Yang Fuzhu [Member] | ||
TOTAL AMOUNT DUE TO THE RELATED PARTIES | 24,499 | 24,499 |
Mr. Chen Yanghang [Member] | ||
TOTAL AMOUNT DUE TO THE RELATED PARTIES | $ 62,523 | $ 40,108 |