10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For Quarterly Period Ended June 30, 2018

or

¨ TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition period from ______________ to ______________

Commission File Number: 333-222083

REGNUM CORP.

(Exact name of registrant as specified in its charter)

NEVADA	82-0832447
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

1541 Ocean Avenue

Santa Monica, CA 90401

(Address of principal executive offices) (Zip Code)

(310) 881-6954

Registrant’s telephone number, including area code

__________________________________________________________

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the proceeding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ¨ No x

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check One).

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	x
		Emerging growth company	x

If an emerging growth company, indicate by the check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to section 13(a) of the Exchange Act. o

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ¨ No x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock as of the latest practicable date.

As of June 30, 2018, the number of shares outstanding of the registrant’s class of common stock was 20,000,000.

TABLE OF CONTENTS

		Pages
PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements	3
	Condensed Balance Sheets as of June 30, 2018 (unaudited) and December 31,2017	5
	Condensed Statements of Operations for the three and six-month periods ended June 30, 2018 and 2017 (unaudited)	6
	Condensed Statements of Cash Flows for the six-month periods ended June 30, 2018 and 2017 (unaudited)	7
	Notes to Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	10
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	12
Item 4.	Controls and Procedures	12
PART II. OTHER INFORMATION
Item 1.	Legal Proceedings	14
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	14
Item 3.	Defaults Upon Senior Securities	14
Item 4.	Submission of Matters to a Vote of Security Holders	14
Item 5.	Other Information	14
Item 6.	Exhibits	15
SIGNATURES		16

 

2

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

REGNUM CORP.

FINANCIAL STATEMENTS

Period Ended June 30, 2018

 

3

REGNUM CORP

TABLE OF CONTENTS

FINANCIAL STATEMENTS:
Balance Sheets	5
Statements of Operations	6
Statements of Cash Flows	7
Notes to Financial Statements	8

 

4

REGNUM CORP

Balance Sheet

	June 30,			December 31,
	2018			2017
	(Unaudited)
ASSETS
CURRENT ASSETS
Cash	$	17,299		$	14,550
Total Current Assets		17,299			14,550
OTHER ASSETS
Intangible assets		628			200
Total Other Assets		628			200
TOTAL ASSETS	$	17,927		$	14,750
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accrued taxes payable	$	1,997		$	863
Account payable - related party		1,325			1,325
Total Current Liabilities		3,322			2,188
TOTAL LIABILITIES		3,322			2,188
STOCKHOLDERS' EQUITY
Common stock: $0.001 par value, 80,000,000
shares authorized, 20,000,000 and 20,000,000
shares issued and outstanding, respectively		20,000			20,000
Additional paid-in capital		(8,000	)		(8,000	)
Retained earnings		2,605			562
Total Stockholders' Equity		14,605			12,562
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	17,927		$	14,750

The accompanying notes are an integral part of these financial statements.

5

REGNUM CORP
Statements of Operations
(Unaudited)
	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
REVENUES	$	8,000	$	2,500	$	13,500	$	2,500
OPERATING EXPENSES
Amortization of intangible assets		321		-		371		-
Legal and professional fees		4,450		-		6,350		-
General and administrative		1,844		232		3,602		1,132
Total Operating Expenses		6,615		232		10,323		1,132
INCOME FROM OPERATIONS		1,385		2,268		3,177		1,368
OTHER EXPENSES		-		-		-		-
INCOME BEFORE TAXES		1,385		2,268		3,177		1,368
INCOME TAX EXPENSE		600		400		1,134		400
NET INCOME		785		1,868		2,043		968
BASIC AND DILUTED INCOME PER COMMON SHARE	$	0.00	$	0.00	$	0.00	$	0.00
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING		20,000,000		9,010,989		20,000,000		4,567,219

The accompanying notes are an integral part of these financial statements

6

REGNUM CORP
Consolidated Statements of Cash Flows
(Unaudited)
	For the Six Months Ended
	June 30,
	2018			2017
OPERATING ACTIVITIES
Net income	$	2,043		$	968
Adjustments to reconcile net loss to net cash provided by operating activities:
Expenses paid on the Company's behalf by a related-party		-			500
Amortization of intangible assets		371			-
Changes in operating assets and liabilities:
Change in accrued taxes payable		1,135			400
Change in accounts payable		-			-
Net Cash Provided By Operating Activities		3,549			1,868
INVESTING ACTIVITIES
Purchase of intangible assets		(800	)		(500	)
Net Cash Used in Investing Activities		(800	)		(500	)
FINANCING ACTIVITIES
Common stock issued for cash		-			12,000
Net Cash Provided by Financing Activities		-			12,000
NET INCREASE IN CASH		2,749			13,368
CASH AT BEGINNING OF PERIOD		14,550			-
CASH AT END OF PERIOD	$	17,299		$	13,368

The accompanying notes are an integral part of these financial statements 

7

REGNUM CORP

Notes to Unaudited Condensed Financial Statements

June 30, 2018

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accompanying financial statements have been prepared by the Company by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). 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 June 30, 2018, and for all periods presented herein, have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2017 financial statements. The results of operations for the periods ended June 30, 2018 and 2017 are not necessarily indicative of the operating results for the full year.

Nature of Business

Regnum, Inc. (“The Company”) was organized on March 31, 2016, under the laws of the State of Nevada. The Company has commenced principal operations as of the balance sheet date.

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 at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Basic Loss per Common Share

Basic loss per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are 80,000,000 common stock shares authorized at $0.001 par value and 20,000,000 shares of common stock outstanding as of June 30, 2018. The Company had no potential dilutive shares of common stock as of June 30, 2018.

Accounting Basis

The basis is accounting principles generally accepted in the United States of America. The Company has adopted a December 31 fiscal year-end.

Cash and Cash Equivalents

Cash and cash equivalents include cash in banks and financial instruments which mature within three months of the date of purchase.

Recent Accounting Pronouncements

In May 2014, the FASB issued ASU 2014-09 “Revenue from Contracts with Customers” which supersedes the most current revenue recognition requirements. This ASU requires entities to recognize revenue in a way that depicts the transfer of goods or services to customers in an amount that reflects the consideration which the entity expects to be entitled to in exchange for those goods or services. The Company adopted the pronouncement under the modified retrospective method of transition in the first quarter of 2018. The adoption of the new standard did not have a material effect on the overall timing or amount of revenue recognized.

Management has considered all recent accounting pronouncements issued since the last audit of the Company’s financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

2. GOING CONCERN

The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has a limited operating history and has not yet established strong liquidity or a reliable ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern over an extended period of time. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until its operations become established enough to be considered reliably profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

 

8

REGNUM CORP

Notes to Unaudited Condensed Financial Statements

June 30, 2018

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

3. STOCKHOLDERS’ EQUITY

As of June 30, 2018, the Company has authorized 80,000,000 shares of $0.001 par value common stock, of which 20,000,000 shares are issued and outstanding.

On May 30, 2017 the Company issued 16,666,667 shares of common stock for cash at $0.0006 per share.

On March 29, 2017 the Company issued 3,333,333 shares of common stock for cash at $0.0006 per share.

4. RELATED PARTY TRANSACTIONS

As of June 30, 2018, the Company is indebted to Company officers and entities controlled by officers for services, periodic advances to the Company and expenses paid for on the Company’s behalf. At June 30, 2018, these transactions totaled $1,325. The advances are no-interest-bearing, and are due on demand.

5. INCOME TAXES

Income tax expense consists of the following:

	June 30,
	2018		2017
Federal	$	684	$	-
State		450		400
Total	$	1,134	$	400

Income tax expense differed from the amounts computed by applying the U.S. federal statutory tax rate applicable to the Company’s level of pretax income as a result of the following:

	June 30,
	2018			2017
Federal tax at statutory rate	$	776		$	-
State taxes, net of federal benefit		(92	)		-
Net operating loss carryforward	$	684		$	-

6. CONCENTRATION

For the six months ended June 30, 2018, revenues consisted of sales to five customers.

7. SUBSEQUENT EVENTS

In accordance with ASC 855 Company management reviewed all material events through the date of this report and there are no material subsequent events to report.

 

9

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Cautionary Statements

This Form 10-Q may contain “forward-looking statements,” as that term is used in federal securities laws, about Regnum Corp.’s financial condition, results of operations and business. These statements include, among others:

o statements concerning the potential benefits that Regnum Corp. (“Regnum”, “we”. “our”, “us”, the “Company”, “management”) may experience from its business activities and certain transactions it contemplates or has completed; and

o statements of Regnum’s expectations, beliefs, future plans and strategies, anticipated developments and other matters that are not historical facts. These statements may be made expressly in this Form 10-Q. You can find many of these statements by looking for words such as “believes,” “expects,” “anticipates,” “estimates,” “opines,” or similar expressions used in this Form 10-Q. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Regnum’s actual results to be materially different from any future results expressed or implied by Regnum in those statements. The most important facts that could prevent Regnum from achieving its stated goals include, but are not limited to, the following:

(a) volatility or decline of Regnum’s stock price;

(b) potential fluctuation of quarterly results;

(c) failure of Regnum to earn revenues or profits;

(d)	inadequate capital to continue or expand its business, and inability to raise additional capital or financing to implement its business plans;
(e)	decline in demand for Regnum’s products and services;

(f) rapid adverse changes in markets;

(g) litigation with or legal claims and allegations by outside parties against Regnum, including but not limited to challenges to Regnum’s intellectual property rights;

(h) insufficient revenues to cover operating costs;

There is no assurance that Regnum will be profitable, Regnum may not be able to successfully develop, manage or market its products and services, Regnum may not be able to attract or retain qualified executives and personnel, Regnum may not be able to obtain customers for its products or services, additional dilution in outstanding stock ownership may be incurred due to the issuance of more shares, warrants and stock options, or the exercise of outstanding warrants and stock options, and other risks inherent in Regnum’s businesses.

Because the statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by the forward-looking statements. Regnum cautions you not to place undue reliance on the statements, which speak only as of the date of this Form 10-Q. The cautionary statements contained or referred to in this section should be considered in connection with any subsequent written or oral forward-looking statements that Regnum or persons acting on its behalf may issue. Regnum does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date of this Form 10-Q, or to reflect the occurrence of unanticipated events.

Current Overview

We are an emerging growth company under the JOBS Act. We shall continue to be deemed an emerging growth company until the earliest of:

1.	The last day of the fiscal year of the issuer during which it had total annual gross revenues of $1,070,000,000 (as such amount is indexed for inflation every 5 years by the Commission to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics, setting the threshold to the nearest 1,070,000) or more;
2.	The last day of the fiscal year of the issuer following the fifth anniversary of the date of the first sale of common equity securities of the issuer pursuant to an effective IPO registration statement;

3.	The date on which such issuer has, during the previous 3-year period, issued more than $1,000,000,000 in non-convertible debt; or
4.	The date on which such issuer is deemed to be a ‘large accelerated filer’, as defined in section 240.12b-2 of title 46, Code of Federal Regulations, or any successor thereto.

 

10

As an emerging growth company, we are exempt from Section 404(b) of Sarbanes Oxley. Section 404(a) requires issuers to publish information in their annual reports concerning the scope and adequacy of the internal control structure and procedures for financial reporting. This statement shall also assess the effectiveness of such internal controls and procedures. Section 404(b) requires that the registered accounting firm shall, in the same report, attest to and report on the assessment and the effectiveness of the internal control structure and procedures for financial reporting.

As an emerging growth company, we are also exempt from Section 14A (a) and (b) of the Securities Exchange Act of 1934, which require the shareholder approval of executive compensation and golden parachutes. These exemptions are also available to us as a Smaller Reporting Company.

We have elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(2) of the Jobs Act, that allows us to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies. As a result of this election, our financial statements may not be comparable to companies that comply with public company effective dates.

Regnum Corp. was organized on March 31, 2016 under the laws of the State of Nevada. We were formed for a primary business purpose of servicing the increasing demand for premium entertainment content and becoming a depository of unpublished intellectual properties for resale with focus on achieving profitability and sustaining business growth. Our business model is based on acquiring unproduced and unpublished quality intellectual properties at a discount from studios, agencies and production companies for subsequent recycling or production in wide variety of media with the intent to resell back to the entertainment community for a profit. Regnum believes such an approach gives the Company an advantage over bigger studios that are competing for fresh scripts from writers who are in demand.

Since its inception, Regnum has acquired two bundles of 18 scripts and manuscripts from an independent production company at a deep discount for a total amount of $1,300 total, 13 of which were recycled and subsequently optioned off/sold for a total of $31,600. We will continue to follow our business plan to service the increasing demand for premium entertainment content by acquiring unproduced and unpublished quality intellectual properties at a discount for subsequent recycling and reselling back to the entertainment community for a profit, and hope to realize revenue in the future, however, we can provide no guarantees that we will be successful.

Currently, Regnum has secured all the resources and skills needed to acquire, recycle and market our products by utilizing our sole officer and director’s skills and experience in the fields of advertising and marketing, as well as entertainment. It is anticipated that, as the Company grows and develops over the next twelve months, its management team will be expanded from its current one member to consist of additional members who have expertise in the film and television entertainment industry, as well as entrepreneurial experience. The main goal of the Company is to become a self-sustained and profitable operational entity with the aim of future business growth. To generate revenues, Regnum will strategize to implement a viable business model, select a target market, develop marketing and future growth strategies and address competition. It is essential for our success to take up an appropriate niche in the entertainment market and fill the unsatisfied demand.

Critical Accounting Policies

Our discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. We monitor our estimates on an on-going basis for changes in facts and circumstances, and material changes in these estimates could occur in the future. Changes in estimates are recorded in the period in which they become known. We base our estimates on historical experience and other assumptions that we believe to be reasonable under the circumstances. Actual results may differ from our estimates if past experience or other assumptions do not turn out to be substantially accurate.

Certain of our accounting policies are particularly important to the portrayal and understanding of our financial position and results of operations and require us to apply significant judgment in their application. As a result, these policies are subject to an inherent degree of uncertainty. In applying these policies, we use our judgment in making certain assumption and estimates. Our critical accounting policies are outlined in Note 1 in the Notes to the Financial Statements

 

11

Results of Operations for the Six Months Ended June 30, 2018 compared to the Six Months ended June 30, 2017.

We had $13,500 in revenues for the six months ended June 30, 2018 and $2,500 for the six months ended June 30, 2017. Our revenue change is a result of the increase in sales of recycled intellectual properties. We anticipate a continued trend of intellectual properties sales revenue as we continue to acquire and recycle them for resale. Our operating expenses for the six months ended June 30, 2018 were $10,323, which consisted of amortization of intangible assets of $371, legal and professional fees of $6,350 and general and administrative expenses of $3,602. For the six months ended June 30, 2017, our operating expenses were $1,132 which consisted of general and administrative expenses. Our operating expenses are primarily due to normal business operations. Our net income for the six months ended June 30, 2018 was $2,043. Our net income for the six months ended June 30, 2017 was $968. The increase in net income is primarily due to the increase in sales of recycled intellectual properties.

Results of Operations for the Three Months Ended June 30, 2018 compared to the Three Months ended June 30, 2017.

We had $8,000 in revenues for the three months ended June 30, 2018 and $2,500 for the three months ended June 30, 2017. Our revenue change is a result of the increase in sales of recycled intellectual properties. We anticipate a continued trend of intellectual properties sales revenue as we continue to acquire and recycle them for resale. Our operating expenses for the three months ended June 30, 2018 were $6,615, which consisted of amortization of intangible assets of $321, legal and professional fees of $4,450 and general and administrative expenses of $1,844. For the three months ended June 30, 2017, our operating expenses were $232 which consisted of general and administrative expenses. Our operating expenses are primarily due to normal business operations. Our net income for the three months ended June 30, 2018 was $785. Our net income for the three months ended June 30, 2017 was $1,868. The decrease in net income is primarily due to the increase in profeesional fees.

Liquidity and Capital Resources

The Company’s cash position was $17,299 at June 30, 2018, compared to $14,550 at December 31, 2017. As of June 30, 2018, the Company had current assets of $17,299 and current liabilities of $3,322 compared to $14,750 and $2,188, respectively, as of December 31, 2017. This resulted in a working capital of $13,977 at June 30, 2018 and $12,362 at December 31, 2017.

Net cash used in operating activities amounted to $3,549 and $1,868 for the six months ended June 30, 2018 and 2017, respectively. This is primarily due to a net income of $2,043 and $968, respectively.

Net cash used in investing activities amounted to $(800) and (500) for the six months ended June 30, 2018 and 2017.

Net cash provided by financing activities amounted to $0 and $12,000 for the six months ended June 30, 2018 and 2017, respectively.

The Company does not have sufficient capital to meet its current cash needs, which include the costs of compliance with the continuing reporting requirements of the Securities Exchange Act of 1934, as amended. The Company intends to seek additional capital through the resale of the acquired intellectual properties. Financing options may be available to the Company either via a private placement or through the public sale of stock. There is no assurance, however, that the available funds will be available or adequate. Its need for additional financing is likely to persist.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

Not Applicable.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information we are required to disclose is recorded, processed, summarized and reported, within the time periods specified in the rules and forms of the Commission. Tiffani Jones, our President and our Principal Accounting Officer, is responsible for establishing and maintaining our disclosure controls and procedures.

Under the supervision and with the participation of our management, including the President and Principal Accounting Officer, we have evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act) as of the end of the period covered by this report. Based on that evaluation, the President and Principal Accounting Officer has concluded that, as of June 30, 2018, these disclosure controls and procedures were not effective in ensuring that all information required to be disclosed by us in the reports that we file or submit under the Exchange Act is: (i) recorded, processed, summarized and reported, within the time periods specified in the Commission’s rule and forms; and (ii) accumulated and communicated to our management, including our President and Principal Accounting Officer, as appropriate to allow timely decisions regarding required disclosure.

 

12

The term “internal control over financial reporting” is defined as a process designed by, or under the supervision of, the registrant’s principal executive and principal financial officers, or persons performing similar functions, and effected by the registrant’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles and includes those policies and procedures that:

¨ pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the registrant;

¨ provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the registrant are being made only in accordance with authorizations of management and directors of the registrant; and

¨ provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the registrant’s assets that could have a material effect on the financial statements.

Changes in Internal Controls over Financial Reporting

There were no additional changes in our internal control over financial reporting that occurred during the fiscal quarter ended June30, 2018 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Inherent Limitations over Internal Controls

Regnum’s management does not expect that its disclosure controls or its internal control over financial reporting will prevent or detect all error and all fraud. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. The design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Further, because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud, if any, within Regnum have been detected. These inherent limitations include the realities that judgments in decision making can be faulty and that breakdowns can occur because of simple error or mistake. Controls can also be circumvented by the individual acts of some persons, by collusion of two or more people, or management override of the controls. The design of any system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Projections of any evaluation of controls effectiveness to future periods are subject to risks. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures.

Our disclosure controls and procedures are designed to provide reasonable assurance of that our reports will be accurate. Our President and Principal Accounting Officer concludes that our disclosure controls and procedures were effective at that reasonable assurance level, as of the end of the period covered by this Form 10-Q. Our future reports shall also indicate that our disclosure controls and procedures are designed for this reason and shall indicate the related conclusion by the President and Principal Accounting Officer as to their effectiveness.

 

13

PART II OTHER INFORMATION

Item 1. Legal Proceedings

We are not a party to any material or legal proceeding and, to our knowledge, none is contemplated or threatened.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

There have been no defaults upon senior securities.

Item 4. Submission of Matters to a Vote of Security Holders

None.

Item 5. Other Information

Not Applicable

 

14

Item 6. Exhibits

(a) Exhibits

Exhibit No.	Document Description
3.1	Articles of Incorporation of Regnum Corp. (1)
3.2	Bylaws of Regnum Corp. (1)
10.1	Option and Purchase Agreement dated June 28, 2017 between Regnum Corp. and Thomas Archer (2)
10.2	Literary Purchase Agreement dated July 17, 2017 between Regnum Corp. and Frank Lopez (2)
10.3	Literary Purchase Agreement dated June 25, 2017 between Regnum Corp. and Matt Epstein (2)
10.4	Literary Purchase Agreement dated August 3, 2017 between Regnum Corp. and Revolution Group (2)
10.5	Literary Purchase Agreement dated September 19, 2017 between Regnum Corp. and Michael Jennings (2)
10.6	Literary Purchase Agreement dated December 15, 2017 between Regnum Corp. and Frank Price (4)
10.7	Literary Purchase Agreement dated December 19, 2017 between Regnum Corp. and Julie Prescott (4)
10.8	Literary Purchase Agreement dated December 22, 2017 between Regnum Corp. and Thomas Banner (4)
10.9	Literary Purchase Agreement dated February 21, 2018 between Regnum Corp. and Michael Cooper (4)
10.10	Literary Purchase Agreement dated March 23, 2018 between Regnum Corp. and Brian Kindell (4)
10.11	Literary Purchase Agreement dated May 10, 2018 between Regnum Corp. and Aaron Weiner (5)
10.12	Literary Purchase Agreement dated June 5, 2018 between Regnum Corp. and Vanessa Wolfe (6)
10.13	Literary Purchase Agreement dated June 28, 2018 between Regnum Corp. and Jon Shapiro (7)
31.1	Section 302 Certification of President
31.2	Section 302 Certification of Chief Financial Officer
32.1	Section 906 Certification of President
32.2	Section 906 Certification of Chief Financial Officer
99.1	Subscription Agreement of Regnum Corp. (3)

__________

(1)	Filed as an exhibit to the Company’s Registration Statement on Form S-1, and filed on December 15, 2017.
(2)	Filed as an exhibit to the Company’s amended Registration Statement on Form S-1, and filed on January 23, 2018.
(3)	Filed as an exhibit to the Company’s amended Registration Statement on Form S-1, and filed on February 12, 2018.
(4)	Filed as an exhibit to the Form 10-Q, filed on May 9, 2018 and incorporated herein by reference.
(5)	Filed as an exhibit to the Form 8-K, filed May 15, 2018 and incorporated herein by reference.
(6)	Filed as an exhibit to the Form 8-K, filed on June 6, 2018 and incorporated herein by reference.
(7)	Filed as an exhibit to the Form 8-K, filed on June 29, 2018 and incorporated herein by reference.

15

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: July 31, 2018	By:	/s/ Tiffani Jones
		Tiffani Jones, Chairman of the Board, President, Chief Financial Officer and Principal Accounting Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ Tiffani Jones	Dated: July 31, 2018
	Tiffani Jones, Chairman of the Board, President,
	Chief Financial Officer,
	and Principal Accounting Officer

16

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, Tiffani Jones, certify that:

1. I have reviewed this report on Form 10-Q of Regnum Corp.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the small business issuer’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (of persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer’s internal control over financial reporting.

Date: July 31, 2018

/s/ Tiffani Jones

Tiffani Jones, President

(Principal Executive Officer)

EX-31.2

EXHIBIT 31.2

CERTIFICATION

I, Tiffani Jones, certify that:

1. I have reviewed this report on Form 10-Q of Regnum Corp.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the small business issuer’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (of persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer’s internal control over financial reporting.

Date: July 31, 2018

/s/ Tiffani Jones

Tiffani Jones, Chief Financial Officer

(Principal Financial/Accounting Officer)

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

418 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Regnum Corp. (the “Company”) on Form 10-Q for the period ending June 30, 2018 (the “Report”) I, Tiffani Jones, President of the Company, certify, pursuant to 18 USC Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge and belief:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d)of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Tiffani Jones	Date: July 31, 2018
Tiffani Jones, President and CEO

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Regnum Corp. (the “Company”) on Form 10-Q for the period ending June 30, 2018 (the “Report”) I, Tiffani Jones, Chief Financial Officer (Principal Financial/Accounting Officer) of the Company, certify, pursuant to 18 USC Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge and belief:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d)of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Tiffani Jones	Date: July 31, 2018
Tiffani Jones, Chief Financial Officer

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

XML

Document and Entity Information	6 Months Ended
	Jun. 30, 2018 shares
Document And Entity Information
Entity Registrant Name	REGNUM CORP.
Entity Central Index Key	0001716324
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	20,000,000
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2018

XML

Balance Sheets - USD ($)	Jun. 30, 2018	Dec. 31, 2017
CURRENT ASSETS
Cash	$ 17,299	$ 14,550
Total Current Assets	17,299	14,550
OTHER ASSETS
Intangible assets	628	200
Total Other Assets	628	200
TOTAL ASSETS	17,927	14,750
CURRENT LIABILITIES
Accrued taxes payable	1,997	863
Account Payable - related party	1,325	1,325
Total Current Liabilities	3,322	2,188
TOTAL LIABILITIES	3,322	2,188
STOCKHOLDERS' EQUITY
Common stock: $0.001 par value, 80,000,000 shares authorized, 20,000,000 and 20,000,000 shares issued and outstanding, respectively	20,000	20,000
Additional paid-in capital	(8,000)	(8,000)
Retained earnings	2,605	562
Total Stockholders' Equity	14,605	12,562
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 17,927	$ 14,750

XML

Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2018	Dec. 31, 2017	May 30, 2017	Mar. 29, 2017
STOCKHOLDERS' EQUITY
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares issued	20,000,000	20,000,000	16,666,667	3,333,333
Common stock, shares outstanding	20,000,000	20,000,000

XML

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statements Of Operations
REVENUES	$ 8,000	$ 2,500	$ 13,500	$ 2,500
OPERATING EXPENSES
Amortization of intangible assets	321		371
Legal and professional fees	4,450		6,350
General and administrative	1,844	232	3,602	1,132
Total Operating Expenses	6,615	232	10,323	1,132
INCOME FROM OPERATIONS	1,385	2,268	3,177	1,368
OTHER EXPENSES
INCOME BEFORE TAXES	1,385	2,268	3,177	1,368
INCOME TAX EXPENSE	600	400	1,134	400
NET INCOME	$ 785	$ 1,868	$ 2,043	$ 968
BASIC AND DILUTED INCOME PER COMMON SHARE	$ 0.00	$ 0.00	$ 0.00	$ 0.00
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	20,000,000	9,010,989	20,000,000	4,567,219

XML

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
OPERATING ACTIVITIES
Net income	$ 2,043	$ 968
Adjustments to reconcile net loss to net cash provided by operating activities:
Expenses paid on the Company's behalf by a related-party		500
Amortization of intangible assets	371
Changes in operating assets and liabilities:
Change in accrued taxes payable	1,135	400
Change in accounts payable
Net Cash Provided By Operating Activities	3,549	1,868
INVESTING ACTIVITIES
Purchase of intangible assets	(800)	(500)
Net Cash Used in Investing Activities	(800)	(500)
FINANCING ACTIVITIES
Common stock issued for cash		12,000
Net Cash Provided by Financing Activities		12,000
NET INCREASE IN CASH	2,749	13,368
CASH AT BEGINNING OF PERIOD	14,550
CASH AT END OF PERIOD	$ 17,299	$ 13,368

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accompanying financial statements have been prepared by the Company by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). 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 June 30, 2018, and for all periods presented herein, have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2017 financial statements. The results of operations for the periods ended June 30, 2018 and 2017 are not necessarily indicative of the operating results for the full year.

Nature of Business

Regnum, Inc. (“The Company”) was organized on March 31, 2016, under the laws of the State of Nevada. The Company has commenced principal operations as of the balance sheet date.

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 at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Basic Loss per Common Share

Basic loss per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are 80,000,000 common stock shares authorized at $0.001 par value and 20,000,000 shares of common stock outstanding as of June 30, 2018. The Company had no potential dilutive shares of common stock as of June 30, 2018.

Accounting Basis

The basis is accounting principles generally accepted in the United States of America. The Company has adopted a December 31 fiscal year-end.

Cash and Cash Equivalents

Cash and cash equivalents include cash in banks and financial instruments which mature within three months of the date of purchase.

Recent Accounting Pronouncements

In May 2014, the FASB issued ASU 2014-09 “Revenue from Contracts with Customers” which supersedes the most current revenue recognition requirements. This ASU requires entities to recognize revenue in a way that depicts the transfer of goods or services to customers in an amount that reflects the consideration which the entity expects to be entitled to in exchange for those goods or services. The Company adopted the pronouncement under the modified retrospective method of transition in the first quarter of 2018. The adoption of the new standard did not have a material effect on the overall timing or amount of revenue recognized.

Management has considered all recent accounting pronouncements issued since the last audit of the Company’s financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

XML

GOING CONCERN

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

2. GOING CONCERN

The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has a limited operating history and has not yet established strong liquidity or a reliable ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern over an extended period of time. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until its operations become established enough to be considered reliably profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

XML

STOCKHOLDERS’ EQUITY

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

3. STOCKHOLDERS’ EQUITY

As of June 30, 2018, the Company has authorized 80,000,000 shares of $0.001 par value common stock, of which 20,000,000 shares are issued and outstanding.

On May 30, 2017 the Company issued 16,666,667 shares of common stock for cash at $0.0006 per share.

On March 29, 2017 the Company issued 3,333,333 shares of common stock for cash at $0.0006 per share.

XML

RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

4. RELATED PARTY TRANSACTIONS

As of June 30, 2018, the Company is indebted to Company officers and entities controlled by officers for services, periodic advances to the Company and expenses paid for on the Company’s behalf. At June 30, 2018, these transactions totaled $1,325. The advances are no-interest-bearing, and are due on demand.

XML

INCOME TAXES

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

5. INCOME TAXES

Income tax expense consists of the following:

	June 30,
	2018		2017
Federal	$	684	$	-
State		450		400
Total	$	1,134	$	400

Income tax expense differed from the amounts computed by applying the U.S. federal statutory tax rate applicable to the Company’s level of pretax income as a result of the following:

	June 30,
	2018			2017
Federal tax at statutory rate	$	776		$	-
State taxes, net of federal benefit		(92	)		-
Net operating loss carryforward	$	684		$	-

XML

CONCENTRATION

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

6. CONCENTRATION

For the six months ended June 30, 2018, revenues consisted of sales to five customers.

XML

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

7. SUBSEQUENT EVENTS

In accordance with ASC 855 Company management reviewed all material events through the date of this report and there are no material subsequent events to report.

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

Jun. 30, 2018

Summary Of Significant Accounting Policies

Nature of Business

Regnum, Inc. (“The Company”) was organized on March 31, 2016, under the laws of the State of Nevada. The Company has commenced principal operations as of the balance sheet date.

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 at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Basic Loss per Common Share

Basic loss per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are 80,000,000 common stock shares authorized at $0.001 par value and 20,000,000 shares of common stock outstanding as of June 30, 2018. The Company had no potential dilutive shares of common stock as of June 30, 2018.

Accounting Basis

The basis is accounting principles generally accepted in the United States of America. The Company has adopted a December 31 fiscal year-end.

Cash and Cash Equivalents

Cash and cash equivalents include cash in banks and financial instruments which mature within three months of the date of purchase.

Recent Accounting Pronouncements

In May 2014, the FASB issued ASU 2014-09 “Revenue from Contracts with Customers” which supersedes the most current revenue recognition requirements. This ASU requires entities to recognize revenue in a way that depicts the transfer of goods or services to customers in an amount that reflects the consideration which the entity expects to be entitled to in exchange for those goods or services. The Company adopted the pronouncement under the modified retrospective method of transition in the first quarter of 2018. The adoption of the new standard did not have a material effect on the overall timing or amount of revenue recognized.

Management has considered all recent accounting pronouncements issued since the last audit of the Company’s financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

XML

INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2018

Income Taxes

Income tax expense

Income tax expense consists of the following:

	June 30,
	2018		2017
Federal	$	684	$	-
State		450		400
Total	$	1,134	$	400

Income tax expense differed from the amounts computed by applying the U.S. federal statutory tax rate applicable to the Company’s level of pretax income as a result of the following:

	June 30,
	2018			2017
Federal tax at statutory rate	$	776		$	-
State taxes, net of federal benefit		(92	)		-
Net operating loss carryforward	$	684		$	-

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - $ / shares	Jun. 30, 2018	Dec. 31, 2017
Summary Of Significant Accounting Policies Details Narrative Abstract
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares outstanding	20,000,000	20,000,000

XML

STOCKHOLDERS’ EQUITY (Details Narrative) - $ / shares	Jun. 30, 2018	Dec. 31, 2017	May 30, 2017	Mar. 29, 2017
Stockholders Equity
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares issued	20,000,000	20,000,000	16,666,667	3,333,333
Common stock, shares outstanding	20,000,000	20,000,000
Common stock price per share			$ 0.0006	$ 0.0006

XML

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2018	Jun. 30, 2018	Jun. 30, 2017
Expenses paid on the Company's behalf by a related-party			$ 500
Officers [Member]
Expenses paid on the Company's behalf by a related-party	$ 1,325

XML

INCOME TAXES (Details) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Income Taxes Details Abstract
Federal	$ 684
State	450	400
Total	$ 1,134	$ 400

XML

INCOME TAXES (Details 1) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Income Taxes Details 1Abstract
Federal tax at statutory rate	$ 776
State taxes, net of federal benefit	(92)
Net operating loss carryforward	$ 684

XML

CONCENTRATION (Details Narrative)	6 Months Ended
	Jun. 30, 2018 Customer
Concentration
Number of customer	5