Cover
Cover - shares | 9 Months Ended | |
Jul. 31, 2021 | Sep. 17, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jul. 31, 2021 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2021 | |
Current Fiscal Year End Date | --10-31 | |
Entity File Number | 001-34808 | |
Entity Registrant Name | CHINA BOTANIC PHARMACEUTICAL INC. | |
Entity Central Index Key | 0000926844 | |
Entity Tax Identification Number | 88-1273503 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 1185 | |
Entity Address, Address Line Two | Avenue of the Americas | |
Entity Address, Address Line Three | 3rd Floor | |
Entity Address, City or Town | New York | |
Entity Address, State or Province | NY | |
Entity Address, Postal Zip Code | 10036 | |
City Area Code | 646 | |
Local Phone Number | 768 -8417 | |
Entity Current Reporting Status | No | |
Entity Interactive Data Current | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | true | |
Entity Common Stock, Shares Outstanding | 37,239,536 |
BALANCE SHEETS (Unaudited)
BALANCE SHEETS (Unaudited) - USD ($) | Jul. 31, 2021 | Oct. 31, 2020 |
ASSETS | ||
Total Assets | ||
LIABILITIES & STOCKHOLDERS’ DEFICIT | ||
Notes payable -related party | ||
Total current liabilities | ||
Total liabilities | ||
Commitments and contingencies | ||
Stockholders’ Equity | ||
Preferred stock Series A, $0.001 par value, 2,500,000 shares authorized, 1,000,000 and -0- shares issued and outstanding as of July 31, 2021 and October 31, 2020 | 1,000 | 0 |
Common stock, $0.001 par value 100,000,000, shares authorized, 37,239,536 shares issued and outstanding as of July 31, 2021 and October 31, 2020 | 37,240 | 37,240 |
Paid in Capital | 11,997,559 | 11,704,909 |
Accumulated deficit | (12,035,799) | (11,742,149) |
Total Stockholders’ (Deficit) | ||
Total Liabilities and Stockholders’ (Deficit) |
BALANCE SHEETS (Unaudited) (Par
BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares | Jul. 31, 2021 | Oct. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Authorized | 2,500,000 | 2,500,000 |
Preferred Stock, Shares Issued | 1,000,000 | 0 |
Preferred Stock, Shares Outstanding | 1,000,000 | 0 |
Common stock par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 37,239,536 | 37,239,536 |
Common stock, shares outstanding | 37,239,536 | 37,239,536 |
STATEMENTS OF OPERATIONS (Unaud
STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jul. 31, 2021 | Jul. 31, 2020 | Jul. 31, 2021 | Jul. 31, 2020 | |
Income Statement [Abstract] | ||||
Revenue | ||||
Operating Expenses: | ||||
Administrative expenses | 272,065 | 293,650 | ||
Administrative expense -related party | ||||
Total operating expenses | 272,065 | 293,650 | ||
(Loss) from operations | (272,065) | (293,650) | ||
Other expense | ||||
Other (expense) net | ||||
Income (loss) before provision for income taxes | (272,065) | (293,650) | ||
Tax Provision | ||||
Net (Loss) | $ (272,065) | $ (293,650) | ||
Basic and diluted earnings(loss) per common share | $ (0.01) | $ (0.01) | ||
Weighted average number of shares outstanding | 37,239,536 | 37,239,536 | 37,239,536 | 37,239,536 |
STATEMENTS OF CHANGES IN STOCKH
STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) | Preferred Stock Series A [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Oct. 31, 2019 | $ 37,240 | $ 11,704,909 | $ (11,742,149) | ||
Beginning balance, shares at Oct. 31, 2019 | 37,239,536 | ||||
Net income (loss) | |||||
Ending balance, value at Jan. 31, 2020 | $ 37,240 | 11,704,909 | (11,742,149) | ||
Ending balance, shares at Jan. 31, 2020 | 37,239,536 | ||||
Net income (loss) | |||||
Ending balance, value at Apr. 30, 2020 | $ 37,240 | 11,704,909 | (11,742,149) | ||
Ending balance, shares at Apr. 30, 2020 | 37,239,536 | ||||
Net income (loss) | |||||
Ending balance, value at Jul. 31, 2020 | $ 37,240 | 11,704,909 | (11,742,149) | ||
Ending balance, shares at Jul. 31, 2020 | 37,239,536 | ||||
Beginning balance, value at Oct. 31, 2020 | $ 37,240 | 11,704,909 | (11,742,149) | ||
Beginning balance, shares at Oct. 31, 2020 | 37,239,536 | ||||
Net income (loss) | (5,500) | (5,500) | |||
Ending balance, value at Jan. 31, 2021 | $ 37,240 | 11,704,909 | (11,747,649) | (5,500) | |
Ending balance, shares at Jan. 31, 2021 | 37,239,536 | ||||
Net income (loss) | (16,085) | (16,085) | |||
Ending balance, value at Apr. 30, 2021 | $ 37,240 | 11,704,909 | (11,763,734) | (21,585) | |
Ending balance, shares at Apr. 30, 2021 | 37,239,536 | ||||
Issuance of preferred stock for services to related party | $ 1,000 | 249,000 | 250,000 | ||
Issuance of preferred stock for services to related party,shares | 1,000,000 | ||||
Capital contribution by former CEO | 43,650 | 43,650 | |||
Net income (loss) | (272,065) | (272,065) | |||
Ending balance, value at Jul. 31, 2021 | $ 1,000 | $ 37,240 | $ 11,997,559 | $ (12,035,799) | |
Ending balance, shares at Jul. 31, 2021 | 1,000,000 | 37,239,536 |
STATEMENTS OF CASH FLOWS (Unaud
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 9 Months Ended | |
Jul. 31, 2021 | Jul. 31, 2020 | |
Cash Flows From Operating Activities: | ||
Net income (loss) | $ (293,650) | |
Adjustments to reconcile net income to net cash provided by (used for) operating activities | ||
Stock based compensation | 250,000 | |
Net cash (used for) operating activities | (43,650) | |
Cash Flows From Investing Activities: | ||
Net cash provided by (used for) investing activities | ||
Cash Flows From Financing Activities: | ||
Notes payable related parties | 43,650 | |
Net cash provided by financing activities | 43,650 | |
Net Increase (Decrease) In Cash | ||
Cash At The Beginning Of The Period | ||
Cash At The End Of The Period | ||
Supplemental disclosure of cash flow information: | ||
Cash paid for interest | ||
Cash paid for taxes |
ORGANIZATION AND DESCRIPTION OF
ORGANIZATION AND DESCRIPTION OF BUSINESS | 9 Months Ended |
Jul. 31, 2021 | |
Accounting Policies [Abstract] | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS China Botanic Pharmaceutical Inc. (“the Company”, CBPI, “we” “us”) was incorporated in the State of Nevada on August 18, 1988, originally under the corporate name of Solutions, Incorporated. It was inactive until August 16, 1996, when it changed its corporate name to Suarro Communications, Inc, and engaged in the business of providing internet-based business services. This line of business was discontinued in 2006, and CBPI became a non-operating public company. CBPI underwent several corporate name changes as follows: June 1997 ComTech Consolidation Group, Inc February 1999 E-Net Corporation May 1999 E-Net Financial Corporation January 2000 E-Net.Com Corporation February 2000 E-Net Financial.Com Corporation January 2002 Anza Capital, Inc (“Anza”) June 2006 Renhuang Pharmaceuticals, Inc. October 2010 China Botanic Pharmaceutical Inc. The Company has been inactive since September 2012. On February 4, 2021, as a result of a custodianship in Clark County, Nevada, Case Number: A-20-827231-B Custodian Ventures LLC (“Custodian”) was appointed custodian of China Botanic Pharmaceutical, Inc. (the “Company”). On the same date, 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. The Company’s year-end is October 31. On August 24, 2021, as a result of a private transaction, 1,000,000 0.001 250,000 On August 24, 2021, the existing director and officer resigned immediately. Accordingly, 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, Issamar Ginzberg consented to act as the new Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary, and Director of the Company, Issamar Ginzberg, Chairman/CEO – Mr. Ginzberg is a serial entrepreneur who has assisted entrepreneurs and organizations, consulting on business strategy and marketing insights. In 2005, Mr. Ginzberg began his own consulting business specializing in the field of strategic marketing for emerging companies. In 2012, Issamar founded Monetized Intellect Consulting to assist companies with advice and strategy for communicating their offerings and vision with their current and potential customers and stakeholders. Since 2013, Mr. Ginzberg has been CEO of It’s All From Above, LLC, a consulting firm that has advised hundreds of companies across the world to improve their business strategy, processes, and marketing and grow their brands. Services include copywriting, brand creation, advisory services on M&A, and business strategy. Aside from his normal business activities, Issamar serves in an advisory role to several companies including Marx Bio and Shtar. Additionally, Mr. Ginzberg is often called upon to give marketing lectures at various companies (i.e. Google, Tel Aviv University, and the Jewish National Fund). Mr. Ginzberg has authored or been interviewed for many articles that have been featured in various publications including The Washington Post, Prevention Magazine, The Jerusalem Post, CNBC, and Fox Business. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Jul. 31, 2021 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP Management’s Representation of Interim Financial Statements The accompanying unaudited condensed consolidated financial statements have been prepared by the Company without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Company uses the same accounting policies in preparing quarterly and annual financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements include all of the adjustments, which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto on October 31, 2020, as presented in the Company’s Annual Report on Form 10-K. 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 months following the date of these financial statements. As of July 31, 2021, the Company had no (12,035,799) 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. Recently the Company has been funded by David Lazar who extended interest-free demand loans to the Company. He will no longer continue to so now that he has sold his controlling interest in the Company. Historically, the Company raised capital through private placements, to finance working capital needs and may attempt to raise capital through the sale of common stock or other securities and obtaining some short-term loans. The Company will be required to continue to do 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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. 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. As of July 31, 2021, and October 31, 2020, the Company had no cash on hand. 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. 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. Recent Accounting Pronouncements There are no recent accounting pronouncements that impact the Company’s operations. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Jul. 31, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 3 – RELATED PARTY TRANSACTIONS During the nine months ended July 31, 2021, the Custodian has extended to the Company interest-free demand loan of $ 43,650 1,000,000 43,650 0 0 |
EQUITY
EQUITY | 9 Months Ended |
Jul. 31, 2021 | |
Equity [Abstract] | |
EQUITY | NOTE 4 – EQUITY Common Stock The Company has authorized 100,000,000 0.001 37,239,536 Preferred Stock On June 23, 2021, the Company amended its Articles of Incorporation and designated 2,500,000 1,000,000 Each share of Series A-1 Preferred stock is convertible to 1,000 shares of common stock. Based on this conversion rate, Custodian would control approximately 96% of the Company. 250,000 250,000 The attributes of the Series A Preferred Stock are as follows: Dividend Provisions. Subject to the rights of any existing series of Preferred Stock or to the rights of any series of Preferred Stock which may from time to time hereafter come into existence, the holders of shares of Series A-1 Preferred Stock shall be entitled to receive dividends, out of any assets legally available therefor, upon any payment of any dividend (payable other than in Common Stock or other securities and rights convertible into or entitling the holder thereof to receive, directly or indirectly, additional shares of Common Stock of the Corporation) on the Common Stock of the Corporation, as and if declared by the Board of Directors, as if the Series A-1 Preferred Stock had been converted into Common Stock. Liquidation Preference. In the event of any liquidation, dissolution, or winding up of the Corporation, either voluntary or involuntary, the holders of the Series A-1 Preferred Stock shall be entitled to receive, prior and in preference to any distribution of any of the assets of the Corporation to the holders of Common Stock, or any other series or class of common stock of the Corporation, whether now in existence or hereafter created by amendment to the articles of incorporation of the Corporation or by a certificate of designation, by reason of their ownership thereof, and senior, prior, and in preference to any other series or class of preferred stock of the Corporation, whether now in existence or hereafter created by amendment to the articles of incorporation of the Corporation or by a certificate of designation, an amount per share equal to the price per share actually paid to the Corporation upon the initial issuance of the Series A-1 Preferred Stock (each, the “the Original Issue Price”) for each share of Series A-1 Preferred Stock then held by them, plus declared but unpaid dividends. Unless the Corporation can establish a different Original Issue Price in connection with a particular sale of Series A-1 Preferred Stock, the Original Issue Price shall be $0.001 per share for the Series A-1 Preferred Stock. If, upon the occurrence of any liquidation, dissolution, or winding up of the Corporation, the assets and funds thus distributed among the holders of the Series A-1 Preferred Stock shall be insufficient to permit the payment to such holders of the full aforesaid preferential amounts, then, the entire assets and funds of the corporation legally available for distribution shall be distributed first to the Series A-1 Preferred Stock, and then ratably among the holders of each other series of Preferred Stock in proportion to the preferential amount each such holder is otherwise entitled to receive Redemption The Series A-1 Preferred Stock shares are non-redeemable other than upon the mutual agreement of the Corporation and the holder of shares to be redeemed and even in such case only to the extent permitted by this Certificate of Designation, the Corporation’s Articles of Incorporation, and applicable law. Conversion. The holders of the Series A-1 Preferred Stock, shall have conversion rights as follows (the “Conversion Rights”): Right to Convert. Subject to Section 4(c), each share of Series A-1 Preferred Stock shall be convertible, at the option of the holder(s) thereof only, at any time after the date of issuance of such share, at the office of the Corporation or any transfer agent for such stock, into one thousand (1,000) fully paid and nonassessable shares of Common Stock (the “Series A-1 Conversion Ratio”) |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Jul. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 5 – COMMITMENTS AND CONTINGENCIES The Company did not have any contractual commitments as of July 31, 2021, and October 31, 2020. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Jul. 31, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 6 – SUBSEQUENT EVENTS In accordance with FASB ASC 855-10, Subsequent Events |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Jul. 31, 2021 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP |
Management’s Representation of Interim Financial Statements | Management’s Representation of Interim Financial Statements The accompanying unaudited condensed consolidated financial statements have been prepared by the Company without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Company uses the same accounting policies in preparing quarterly and annual financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements include all of the adjustments, which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto on October 31, 2020, as presented in the Company’s Annual Report on Form 10-K. |
Going Concern | 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 months following the date of these financial statements. As of July 31, 2021, the Company had no (12,035,799) 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. Recently the Company has been funded by David Lazar who extended interest-free demand loans to the Company. He will no longer continue to so now that he has sold his controlling interest in the Company. Historically, the Company raised capital through private placements, to finance working capital needs and may attempt to raise capital through the sale of common stock or other securities and obtaining some short-term loans. The Company will be required to continue to do 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 | 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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. 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 | 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. As of July 31, 2021, and October 31, 2020, the Company had no cash on hand. |
Income taxes | 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. |
Net Loss per Share | 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. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements There are no recent accounting pronouncements that impact the Company’s operations. |
ORGANIZATION AND DESCRIPTION _2
ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) - USD ($) | 1 Months Ended | |||
Aug. 24, 2021 | Jul. 31, 2021 | Jul. 02, 2021 | Oct. 31, 2020 | |
Subsequent Event [Line Items] | ||||
Preferred stock shares issued | 1,000,000 | 0 | ||
Preferred stock, par value | $ 0.001 | $ 0.001 | ||
Custodian Ventures [Member] | ||||
Subsequent Event [Line Items] | ||||
Preferred stock shares issued | 1,000,000 | |||
Subsequent Event [Member] | Series A 1 Preferred Stock [Member] | Custodian Ventures [Member] | ||||
Subsequent Event [Line Items] | ||||
Preferred stock shares issued | 1,000,000 | |||
Preferred stock, par value | $ 0.001 | |||
Consideration paid | $ 250,000 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | Jul. 31, 2021 | Oct. 31, 2020 |
Accounting Policies [Abstract] | ||
Cash | $ 0 | |
Retained Earnings (Accumulated Deficit) | $ (12,035,799) | $ (11,742,149) |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 9 Months Ended | |||
Jul. 31, 2021 | Aug. 24, 2021 | Jul. 02, 2021 | Oct. 31, 2020 | |
Related Party Transaction [Line Items] | ||||
Related party expenses | $ 43,650 | |||
Preferred Stock, Shares Issued | 1,000,000 | 0 | ||
Capital contribution | $ 43,650 | |||
Notes payable-related party | $ 0 | $ 0 | ||
Custodian Ventures [Member] | ||||
Related Party Transaction [Line Items] | ||||
Preferred Stock, Shares Issued | 1,000,000 | |||
Subsequent Event [Member] | Series A 1 Preferred Stock [Member] | Custodian Ventures [Member] | ||||
Related Party Transaction [Line Items] | ||||
Preferred Stock, Shares Issued | 1,000,000 |
EQUITY (Details Narrative)
EQUITY (Details Narrative) - USD ($) | Jul. 02, 2021 | Aug. 24, 2021 | Jul. 31, 2021 | Jun. 23, 2021 | Oct. 31, 2020 |
Class of Stock [Line Items] | |||||
Common stock, shares authorized | 100,000,000 | 100,000,000 | |||
Common stock par value | $ 0.001 | $ 0.001 | |||
Common stock, shares issued | 37,239,536 | 37,239,536 | |||
Common stock, shares outstanding | 37,239,536 | 37,239,536 | |||
Preferred Stock, Shares Authorized | 2,500,000 | 2,500,000 | 2,500,000 | ||
Preferred stock shares issued | 1,000,000 | 0 | |||
Stock based compensation | $ 250,000 | ||||
Conversion ratio | one thousand (1,000) fully paid and nonassessable shares of Common Stock (the “Series A-1 Conversion Ratio”) | ||||
Custodian Ventures [Member] | |||||
Class of Stock [Line Items] | |||||
Preferred stock shares issued | 1,000,000 | ||||
Preferred stock conversion | Each share of Series A-1 Preferred stock is convertible to 1,000 shares of common stock. Based on this conversion rate, Custodian would control approximately 96% of the Company. | ||||
Custodian Ventures [Member] | Subsequent Event [Member] | Series A 1 Preferred Stock [Member] | |||||
Class of Stock [Line Items] | |||||
Preferred stock shares issued | 1,000,000 | ||||
Proceeds from issuance of stock | $ 250,000 |