Nevada
|
7372
|
84-4517436 |
(State or Other Jurisdiction of
Incorporation or Organization) |
(Primary Standard Industrial
Classification Code Number) |
(IRS Employer
Identification Number) |
If any of the securities being registered on this Form are to be offered on a
delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box
|
[ ]
|
If this form is filed to register additional securities for an offering pursuant to
Rule 462(b) under the Securities Act, check the following box
|
[ ]
|
If this form is a post-effective amendment filed pursuant to Rule 462(c) under the
Securities Act, check the following box
|
[ ]
|
If this form is a post-effective amendment filed pursuant to Rule 462(d) under the
Securities Act, check the following box
|
[ ]
|
[ ]
|
|
Large Accelerated Filer ☐ Accelerated Filer ☐ Non-Accelerated Filer ☐ Smaller
reporting Company ☒ Emerging Growth Company ☒
(Do not check if a smaller reporting company)
If an emerging growth company, indicate by 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 to Section 7(a)(2)(B) ☐
|
Title of Each
Class of Securities To Be Registered |
Amount to be
registered |
Dollar Amount
To Be Registered |
Proposed
Maximum Offering Price per share |
Proposed
Maximum Aggregate Offering Price |
Amount of
Registration Fee [1] |
Common Stock
|
2,700,000
|
$27,000
|
$0.02
|
$54,000
|
$7.01
|
(1)
|
This Registration Statement covers the resale by our selling shareholders of up to 2,700,000 shares of common stock previously issued to such selling shareholders.
|
(2)
|
The offering price has been estimated solely for the purpose of computing the amount of the registration fee in accordance with Rule 457(a). Our common stock is not traded on any national exchange and in
accordance with Rule 457, the offering price was determined by the price the shares that were sold to our shareholders, which was $0.01 per share in a private placement The price of $0.02 is a fixed price at which the selling security holders
may sell their shares. No assurance can be given that the shares offered hereby will have a market value or that they may be sold at this, or at any price.
|
PROSPECTUS SUMMARY
|
4
|
RISK FACTORS
|
6
|
USE OF PROCEEDS
|
11
|
DETERMINATION OF OFFERING PRICE
|
11
|
SELLING SHAREHOLDERS
|
11
|
PLAN OF DISTRIBUTION
|
15
|
LEGAL PROCEEDINGS
|
17
|
DIRECTORS, EXECUTIVE OFFICERS, CONTROL PERSONS
|
17
|
SECURITY OWNERSHIP AND CERTAIN BENEFICIAL OWNERS
|
18
|
DESCRIPTION OF SECURITIES
|
19
|
INTERESTS OF NAMED EXPERTS AND COUNSEL
|
20
|
DISCLOSURE OF COMMISSION POSITION OF INDEMNIFICATION FOR SECURITIES ACT LIABILITIES
|
21
|
ORGANIZATION IN THE LAST FIVE YEARS
|
21
|
DESCRIPTION OF BUSINESS
|
22
|
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERSTIONS
|
25
|
DISCRIPTION OF PROPERTY
|
28
|
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
|
28
|
MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDERS MATTERS
|
29
|
EXECUTIVE COMPENSATION
|
30
|
FINANCIAL STATEMENTS
|
31
|
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
|
32
|
Closing Date of Offering
|
Price Per Share Paid
|
Number of Shares Sold
|
Amount Raised
|
June 13, 2018
|
$0.001
|
4,000,000
|
$4,000
|
August 31, 2018
|
$0.01
|
2,700,000
|
$27,000
|
Common stock offered by selling security holders
|
2,700,000 shares of common stock. This number represents approximately 40.3% of our current issued and outstanding common stock and all of our non-affiliate shares subscribed for.
|
|
Common stock outstanding before the offering
|
6,700,000 Common Shares were subscribed for and are issued and outstanding as of May 12 , 2020.
|
|
Common stock outstanding after the offering
|
6,700,000 Common Shares issued and outstanding.
|
|
Offering Price
|
There is no public market for the company’s common shares. The offering price has been arbitrarily set at $0.02 per share. The Company may not meet the requirement for
a public listing or quotation. Even if the Company’s common stock does become quoted or is listed, a market for the Company’s stock may never develop.
|
|
Terms of the Offering
|
The selling security holders will determine when and how they will sell the common stock offered in this prospectus. We will cover the expenses associated with the offering which we estimate to be $25,400. Refer
to “Plan of Distribution” on Page 15.
|
|
Completion of offering
|
The offering will conclude upon the earliest of such time as all of the common stock has been sold pursuant to the registration statement
|
|
Securities Issued
And to be Issued |
Shares of our common stock have been subscribed for and are issued and outstanding. As of May 12 , 2020. All of the common stock to be sold under this
prospectus will be sold by existing shareholders at a fixed price of $0.02 . There are no other subscriptions outstanding.
|
|
Use of proceeds
|
We are not selling any additional shares and there are no other subscriptions outstanding of the common stock covered by this prospectus. Additionally, we will not receive any proceeds from the sale of the common
stock by the selling shareholders. The funds that we raised through the sale of our common stock were used to cover administrative and professional fees such as accounting, legal, and filing costs.
|
|
Risk Factors
|
The Common Stock offered hereby involves a high degree of risk and should not be purchased by investors who cannot afford the loss of their entire investment. See "Risk
Factors" beginning on page 6.
|
Consolidated Balance Sheets
|
March 31, 2020
|
June 30, 2019
|
||||||
Cash
|
$
|
1,485
|
$
|
4,426
|
||||
Prepaid Expenses
|
$
|
9,800
|
$
|
20,400
|
||||
Total Assets
|
$
|
11,285
|
$
|
24,826
|
||||
Current Liabilities
|
$
|
-
|
$
|
-
|
||||
Total Liabilities
|
$
|
-
|
$
|
-
|
||||
Common stock $0.001 par value 75,000,000
|
||||||||
Authorized, 6,700,000 issued and outstanding
|
||||||||
As of June 30, 2019 and March 31, 2020
|
$
|
6,700
|
$
|
6,700
|
||||
Additional Paid in capital
|
$
|
25,428
|
$
|
25,428
|
||||
Accumulated deficit
|
$
|
(20,843
|
)
|
$
|
(7,302
|
)
|
||
Total Stockholders' Equity
|
11,285
|
$
|
24,826
|
Consolidated Statements of Operations for the Three Months Ended March 31, 2020 and March 31, 2019
|
March 31, 2020
|
March 31, 2019
|
||||||
Revenue
|
$
|
-
|
$
|
-
|
||||
Operating Expenses
|
$
|
2,693
|
$
|
-
|
||||
Loss from Operations
|
$
|
(2,693
|
)
|
$
|
-
|
|||
Other Income (expense)
|
$
|
-
|
$
|
-
|
||||
Net Loss
|
$
|
(2,693
|
)
|
$
|
-
|
Consolidated Statements of Operations for the period June 11, 2018 (Inception) to June 30, 2018 and for the year ended June 30, 2019
|
June 30, 2019
|
June 30, 2018
|
||||||
Revenue
|
$
|
-
|
$
|
-
|
||||
Operating Expenses
|
$
|
6,184
|
$
|
1,118
|
||||
Loss from Operations
|
$
|
(6,184
|
)
|
$
|
(1,118
|
)
|
||
Other Income (expense)
|
$
|
-
|
$
|
-
|
||||
Net Loss
|
$
|
(6,184
|
)
|
$
|
(1,118
|
)
|
•
|
Completed organizational activities;
|
•
|
Developed a business plan;
|
•
|
Obtained interim funding;
|
•
|
Engaged professional services;
|
Name of Selling Shareholder (1)
|
Shares Owned Before the Offering (2)
|
Total Number of Shares to be Offered for the Security Holder's Account (3)
|
Total Shares Owned After the Offering is Complete (4)
|
Percentage of Shares Owned After the Offering is Complete (5)
|
Juan Carlos Rairez Villegas
|
100,000
|
100,000
|
Nil
|
Nil
|
Ivana Alvarez Salas
|
100,000
|
100,000
|
Nil
|
Nil
|
Adriano Martino
|
100,000
|
100,000
|
Nil
|
Nil
|
Jessica Campos Cardero
|
100,000
|
100,000
|
Nil
|
Nil
|
Marco Zamora Camacho
|
100,000
|
100,000
|
Nil
|
Nil
|
Goran Milin
|
100,000
|
100,000
|
Nil
|
Nil
|
Oscar Hunbelo Badilla Corella
|
100,000
|
100,000
|
Nil
|
Nil
|
Ernesto Zeron Flores
|
100,000
|
100,000
|
Nil
|
Nil
|
Carlos Luis Zuniga Alpizor
|
100,000
|
100,000
|
Nil
|
Nil
|
Hilary Buzio Corea
|
100,000
|
100,000
|
Nil
|
Nil
|
Audrey Aguilar Pacheco
|
100,000
|
100,000
|
Nil
|
Nil
|
Jesus Manuel Sereno Gonzalez
|
100,000
|
100,000
|
Nil
|
Nil
|
Viviana Rodriguez Gomez
|
100,000
|
100,000
|
Nil
|
Nil
|
Esteban Hernandez Herrera
|
100,000
|
100,000
|
Nil
|
Nil
|
Luis Alberto Monge Quiros
|
100,000
|
100,000
|
Nil
|
Nil
|
Kenneth Rodriguez Alvardo
|
100,000
|
100,000
|
Nil
|
Nil
|
David Jesus Aranda Ceiva
|
100,000
|
100,000
|
Nil
|
Nil
|
Sergio Gerardo Arrieta Chavarrita
|
100,000
|
100,000
|
Nil
|
Nil
|
Andres Laporte
|
100,000
|
100,000
|
Nil
|
Nil
|
Karina Mendez Salis
|
100,000
|
100,000
|
Nil
|
Nil
|
Mariana Garita Ellis
|
100,000
|
100,000
|
Nil
|
Nil
|
Alaysa Marie Recto
|
100,000
|
100,000
|
Nil
|
Nil
|
Kendra Gomez Hidalgo
|
100,000
|
100,000
|
Nil
|
Nil
|
Susan Pacheco Garcia
|
100,000
|
100,000
|
Nil
|
Nil
|
Jose Samuel Barrata
|
100,000
|
100,000
|
Nil
|
Nil
|
Manuel Emilio Arguello Chaves
|
100,000
|
100,000
|
Nil
|
Nil
|
Miguel Angel Flores
|
100,000
|
100,000
|
Nil
|
Nil
|
Name | Age | Positions Held and Tenure |
Alessandro Napoleone
|
46
|
President, Chief Executive Officer, Secretary, Treasurer and Director since June 11, 2018
|
|
|
|
Title of Class
|
Name and Address of
Beneficial Owner
|
Number of Shares
Owned Beneficially
|
Percent of Class Owned
Prior To This Offering
|
Common Stock
$0.001 par value |
Alessandro Napoleone Director, President
Treasurer and Secretary |
4,000,000
|
59.7%
|
Title of Class
|
Security Ownership of
Management
|
Number of Shares
Owned Beneficially
|
Percent of Class Owned
Prior To This Offering
|
Common Stock
$0.001 par value |
Directors and Officers
as a group (One Person) |
4,000,000
|
59.7 %
|
•
|
Search Engine Optimization (SEO),Google add words, and key words.
|
•
|
Social media i.e., Facebook, Twitter, etc.
|
•
|
Mobile Telephone Networks
|
•
|
Referral and Rewards Programs
|
•
|
Search Engine Optimization (SEO),Google add words, and key words.
|
•
|
Social media i.e., Facebook, Twitter, etc.
|
•
|
Mobile Telephone Networks
|
•
|
Referral and Rewards Programs
|
Budget
|
|||||||
1.
|
Facility Rent (1Year)
|
$
|
18,000.00
|
||||
2.
|
Security Deposit
|
$
|
1,500.00
|
||||
3.
|
Facility Remodeling
|
$
|
10,000.00
|
||||
4.
|
Kitchen Equipment
|
$
|
7,500.00
|
||||
5.
|
Furniture and Equipment
|
$
|
5,000.00
|
||||
6.
|
Raw Material (Opening )
|
$
|
1,000.00
|
||||
7.
|
Utility Services (1 year)
|
$
|
1,000.00
|
||||
8.
|
Staff Salary (1 year)
|
$
|
30,000.00
|
||||
9.
|
General Manager (1 year)
|
$
|
30,000.00
|
||||
10
|
Operations Assistant (1 year)
|
$
|
12,000.00
|
||||
11.
|
Signage
|
$
|
2,000.00
|
||||
12.
|
Website, Hosting (1 Year)
|
$
|
2,400.00
|
||||
13.
|
Website, Mobile App.
|
$
|
7,500.00
|
||||
Other Expenses
|
|||||||
14.
|
Uniforms
|
$
|
1,000.00
|
||||
15.
|
Permits
|
$
|
200.00
|
||||
16.
|
Contingencies
|
$
|
15,000.00
|
||||
17.
|
Marketing and Publicity
|
$
|
15,000.00
|
||||
|
$
|
159,100
|
Category |
Planned Expenditures Over
The Next 12 Months |
Legal Fees
|
$5,000
|
Accounting Fees
|
12,500
|
Filing Fees
|
$5,900
|
Transfer Agent Fees
|
$2,000
|
TOTAL
|
$25,400
|
Name & Principal Position
|
Year
|
Salary ($)
|
Bonus ($)
|
Stock Awards($)
|
Option Awards ($)
|
Non-Equity Incentive Plan Compensation ($)
|
Change in Pension Value and Non-Qualified Deferred Compensation Earnings ($)
|
All Other Compensation ($)
|
Total ($)
|
Alessandro Napoleone, President, Secretary, Treasurer Principal Executive Officer
|
2019
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0
|
2018 | - |
- |
- |
- |
- |
- |
- |
0 |
Option Awards
|
Stock Awards
|
||||||||
Name
|
Number
of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
|
Number
of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
|
Equity
Incentive
Plan
Awards:
Number
of
Securities Underlying
Unexercised
Unearned
Options
(#)
|
Option
Exercise
Price
($)
|
Option
Expiration
Date
|
Number
of Shares
or Units
of Stock
That Have
Not
Vested
(#)
|
Market
Value of
Shares or
Units of
Stock
That Have
Not
Vested
($)
|
Equity
Incentive
Plan Awards:
Number
of
Unearned
Shares,
Units or
Other Rights
That Have
Not
Vested
(#)
|
Equity Incentive
Plan Awards:
Market or Payout
Value
of
Unearned
Shares,
Units or
Other
Rights
That Have
Not
Vested
($)
|
Alessandro Napoleone
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Contents |
Page |
Audited Financial Statements – Blue State Corp.
|
|
Report of Independent Registered Public Accounting Firm
|
F-2
|
|
|
Consolidated Balance Sheets as of June 30, 2019 and 2018
|
F-3
|
|
|
Consolidated Statements of Operations for the period June 11, 2018 (Inception) to June 30, 2018 and for the year ended June 30, 2019
|
F-4
|
|
|
Consolidated Statements of Changes in Stockholders’ Equity for the For the period June 11, 2018 (Inception) to June 30, 2018 and for the year ended June 30, 2019
|
F-5
|
|
|
Consolidated Statements of Cash Flows for the period June 11, 2018 (Inception) to June 30, 2018 and for the year ended June 30, 2019
|
F-6
|
|
|
Notes to the Consolidated Financial Statements
|
F-7
|
Unaudited Financial Statements – Blue State Corp.
|
|
|
|
Condensed Consolidated Balance Sheets as of September 30, 2019 (Unaudited) and June 30, 2019
|
F-11
|
|
|
Condensed Consolidated Statements of Operations (Unaudited) for the Three Months Ended September 30, 2019 and 2018
|
F-12
|
|
|
Condensed Consolidated Statements of Changes in Stockholders’ Equity (Unaudited) for the Three Months Ended September 30, 2019 and 2018
|
F-13
|
|
|
Condensed Consolidated Statements of Cash Flows (Unaudited) for the Three Months Ended September 30, 2019 and 2018
|
F-14
|
|
|
Notes to the Unaudited Consolidated Financial Statements
|
F-15
|
Unaudited Financial Statements – Blue State Corp.
|
|
|
|
Condensed Consolidated Balance Sheets as of December 31, 2019 (Unaudited) and June 30, 2019
|
F-19
|
|
|
Condensed Consolidated Statements of Operations (Unaudited) for the Three Months and Six Months Ended December 31, 2019 and 2018
|
F-20
|
|
|
Condensed Consolidated Statements of Changes in Stockholders’ Equity (Unaudited) for the Three and Six Months Ended December 31, 2019 and 2018
|
F-21
|
|
|
Condensed Consolidated Statements of Cash Flows (Unaudited) for the Six Months Ended December 31, 2019 and 2018
|
F-22
|
|
|
Notes to the Unaudited Consolidated Financial Statements
|
F-23
|
Unaudited Financial Statements – Blue State Corp.
|
|
|
|
Condensed Consolidated Balance Sheets as of March 31, 2020 (Unaudited) and June 30, 2019
|
F-27
|
|
|
Condensed Consolidated Statements of Operations (Unaudited) for the Three and Nine Months Ended March 31, 2020 and 2019
|
F-28
|
|
|
Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three and Nine Months Ended March 31, 2020 and 2019
|
F-29
|
|
|
Condensed Consolidated Statements of Cash Flows (Unaudited) for the Nine Months Ended March 31, 2020 and 2019
|
F-30
|
|
|
Notes to the Unaudited Consolidated Financial Statements
|
F-31
|
June 30, 2019
|
June 30, 2018
|
|||||||
ASSETS
|
||||||||
Current assets:
|
||||||||
Cash
|
$
|
4,426
|
$
|
-
|
||||
Prepaid expenses
|
20,400
|
-
|
||||||
Total current assets
|
24,826
|
-
|
||||||
Total assets
|
24,826
|
-
|
||||||
LIABILITIES AND STOCKHOLDERS' EQUITY
|
||||||||
Current liabilities:
|
||||||||
Accounts payable and accrued liabilities
|
-
|
-
|
||||||
Total liabilities
|
-
|
-
|
||||||
Stockholders' equity:
|
||||||||
Common stock; authorized 75,000,000; 6,700,000 shares at $0.001 par value as of June 30, 2019 and 0 shares at par value $0.001 as of June 30, 2018.
|
6,700
|
-
|
||||||
Additional paid in capital
|
25,428
|
1,118
|
||||||
Accumulated deficit
|
(7,302
|
)
|
(1,118
|
)
|
||||
Total stockholders' equity
|
24,826
|
-
|
||||||
Total liabilities and stockholders' equity
|
$
|
24,826
|
$
|
-
|
||||
The accompanying notes are an integral part of these audited consolidated financial statements
|
For the Year Ended June 30, 2019
|
For the Period June 11, 2018 (Inception) to June 30, 2018
|
|||||||
Operating Expenses:
|
||||||||
General and administrative
|
$
|
6,184
|
$
|
1,118
|
||||
Total Operating Expenses
|
6,184
|
1,118
|
||||||
Loss from Operations
|
$
|
(6,184
|
)
|
$
|
(1,118
|
)
|
||
Other Expenses
|
||||||||
Net loss for the period
|
$
|
(6,184
|
)
|
$
|
(1,118
|
)
|
||
Net loss per share:
|
||||||||
Basic and diluted
|
$
|
-
|
$
|
-
|
||||
Weighted average number of shares outstanding:
|
||||||||
Basic and diluted
|
6,689,315
|
-
|
||||||
Common Stock
|
|
|||||||||||||||||||
Number of
|
Additional Paid
|
Accumulated
|
Total
Shareholders'
|
|||||||||||||||||
Shares
|
Amount
|
in Capital
|
Deficit
|
Equity
|
||||||||||||||||
Balance June 11, 2018 (Inception) to June 30, 2018
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
|||||||||||
Additional Paid in Capital
|
-
|
$
|
-
|
$
|
1,118
|
$
|
-
|
$
|
1,118
|
|||||||||||
Net loss
|
-
|
$
|
-
|
$
|
-
|
$
|
(1,118
|
)
|
$
|
(1,118
|
)
|
|||||||||
Balance at June 30, 2018
|
-
|
$
|
-
|
$
|
1,118
|
$
|
(1,118
|
)
|
$
|
-
|
||||||||||
Shares issued at $0.001
|
4,000,000
|
$
|
4,000
|
$
|
-
|
$
|
-
|
$
|
4,000
|
|||||||||||
Shares Issued at $0.01
|
2,700,000
|
$
|
2,700
|
$
|
24,310
|
$
|
-
|
$
|
27,010
|
|||||||||||
Net loss
|
-
|
$
|
-
|
$
|
-
|
$
|
(6,184
|
)
|
$
|
(6,184
|
)
|
|||||||||
Balance at June 30, 2019
|
6,700,000
|
$
|
6,700
|
$
|
25,428
|
$
|
(7,302
|
)
|
$
|
24,826
|
For the Year Ended June 30, 2019
|
For the Period June 11, 2018 (Inception) to June 30, 2018
|
|||||||
Cash flow from operating activities:
|
||||||||
Net loss
|
$
|
(6,184
|
)
|
$
|
(1,118
|
)
|
||
Adjustment to reconcile net loss to net cash used in operating activities
|
||||||||
Changes in operating assets and liabilities:
|
||||||||
Prepaid expenses
|
(20,400
|
)
|
-
|
|||||
Net Cash Used in Operating activities
|
$
|
(26,584
|
)
|
$
|
(1,118
|
)
|
||
Cash flows from financing activities:
|
||||||||
Proceeds from related party
|
$
|
-
|
$
|
1,118
|
||||
Proceeds from share issuances
|
31,010
|
-
|
||||||
Net cash provided by financing activities
|
$
|
31,010
|
$
|
1,118
|
||||
Increase in cash during the period
|
4,426
|
-
|
||||||
Cash, beginning of period
|
-
|
-
|
||||||
Cash, end of period
|
$
|
4,426
|
$
|
-
|
||||
Supplemental disclosure of cash flow information:
|
||||||||
Cash paid during the period
|
||||||||
Taxes
|
$
|
-
|
$
|
-
|
||||
Interest
|
$
|
-
|
$
|
-
|
||||
●
|
executed contracts with the Company’s customers that it believes are legally enforceable;
|
|
●
|
identification of performance obligations in the respective contract;
|
|
●
|
determination of the transaction price for each performance obligation in the respective contract;
|
|
●
|
allocation the transaction price to each performance obligation; and
|
|
●
|
recognition of revenue only when the Company satisfies each performance obligation.
|
September 30, 2019
|
June 30, 2019
|
|||||||
(Unaudited)
|
||||||||
ASSETS
|
||||||||
Current assets:
|
||||||||
Cash
|
$
|
4,403
|
$
|
4,426
|
||||
Prepaid Expenses
|
12,800
|
20,400
|
||||||
Total Current Assets
|
17,203
|
24,826
|
||||||
Total assets
|
17,203
|
24,826
|
||||||
LIABILITIES AND STOCKHOLDERS' EQUITY
|
||||||||
Current liabilities:
|
||||||||
Accounts Payable and Accrued Liabilities
|
-
|
-
|
||||||
Total liabilities
|
-
|
-
|
||||||
Stockholders' equity:
|
||||||||
Common stock; authorized 75,000,000; 6,700,000 shares at $0.001 par value
|
||||||||
As of June 30, 2019 and 6,700,000 shares at par value $0.001 as of September 30, 2019
|
6,700
|
6,700
|
||||||
Additional Paid in Capital
|
25,428
|
25,428
|
||||||
Accumulated Deficit
|
(14,925
|
)
|
(7,302
|
)
|
||||
Total stockholders' equity
|
17,203
|
24,826
|
||||||
Total liabilities and stockholders' equity
|
$
|
17,203
|
$
|
24,826
|
||||
For the Three Months Ended September 30, 2019
|
For the Three Months Ended September 30, 2018
|
|||||||
Operating Expenses:
|
||||||||
General and administrative
|
$
|
7,623
|
$
|
6,184
|
||||
Total Operating Expenses
|
7,623
|
6,184
|
||||||
Loss from Operations
|
$
|
(7,623
|
)
|
$
|
(6,184
|
)
|
||
Other Expenses
|
||||||||
Net loss for the period
|
$
|
(7,623
|
)
|
$
|
(6,184
|
)
|
||
Net loss per share:
|
||||||||
Basic and diluted
|
$
|
-
|
$
|
-
|
||||
Weighted average number of shares outstanding:
|
||||||||
Basic and diluted
|
6,700,000
|
-
|
||||||
Common Stock
|
Total
|
|||||||||||||||||||
Number of
|
Additional Paid
|
Accumulated
|
Total Stockholders'
|
|||||||||||||||||
Shares
|
Amount
|
in Capital
|
Deficit
|
Equity
|
||||||||||||||||
Balance at June 30, 2018
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
|||||||||||
Additional paid in capital
|
-
|
$
|
-
|
$
|
31,010
|
$
|
-
|
$
|
31,010
|
|||||||||||
Net loss
|
-
|
$
|
-
|
$
|
-
|
$
|
(6,184
|
)
|
$
|
(6,184
|
)
|
|||||||||
Balance at September 30, 2018
|
-
|
$
|
-
|
$
|
31,010
|
$
|
(6,184
|
)
|
$
|
24,826
|
||||||||||
Balance at June 30, 2019
|
6,700,000
|
$
|
6,700
|
$
|
25,428
|
$
|
(7,302
|
)
|
$
|
24,826
|
||||||||||
Net loss
|
-
|
$
|
-
|
$
|
-
|
$
|
(7,623
|
)
|
$
|
(7,623
|
)
|
|||||||||
Balance at September 30, 2019
|
6,700,000
|
$
|
6,700
|
$
|
25,428
|
$
|
(14,925
|
)
|
$
|
17,203
|
||||||||||
For the Three Months Ended September 30, 2019
|
For the Three Months Ended September 30, 2018
|
|||||||
Cash flow from operating activities:
|
||||||||
Net loss
|
$
|
(7,623
|
)
|
$
|
(6,184
|
)
|
||
Adjustment to reconcile net loss to net cash used in operating
activities
|
||||||||
Changes in operating assets and liabilities:
|
||||||||
Prepaid expenses
|
7,600
|
(20,400
|
)
|
|||||
Net Cash Used in Operating activities
|
$
|
(23
|
)
|
$
|
(26,584
|
)
|
||
Cash flows from financing activities:
|
||||||||
Proceeds from stock issuances
|
$
|
-
|
$
|
31,010
|
||||
Net cash provided by financing activities
|
$
|
-
|
$
|
31,010
|
||||
Decrease in cash during the period
|
(23
|
)
|
4,426
|
|||||
Cash, beginning of period
|
4,426
|
-
|
||||||
Cash, end of period
|
$
|
4,403
|
$
|
4,426
|
||||
Supplemental disclosure of cash flow information:
|
||||||||
Cash paid during the period
|
||||||||
Taxes
|
$
|
-
|
$
|
-
|
||||
Interest
|
$
|
-
|
$
|
-
|
||||
●
|
executed contracts with the Company’s customers that it believes are legally enforceable;
|
|
●
|
identification of performance obligations in the respective contract;
|
|
●
|
determination of the transaction price for each performance obligation in the respective contract;
|
|
●
|
allocation the transaction price to each performance obligation; and
|
|
●
|
recognition of revenue only when the Company satisfies each performance obligation.
|
December 31, 2019
|
June 30, 2019
|
|||||||
(Unaudited)
|
||||||||
ASSETS
|
||||||||
Current assets:
|
||||||||
Cash
|
$
|
2,678
|
$
|
4,426
|
||||
Prepaid Expenses
|
11,300
|
20,400
|
||||||
Total Current Assets
|
13,978
|
24,826
|
||||||
Total assets
|
13,978
|
24,826
|
||||||
LIABILITIES AND STOCKHOLDERS' EQUITY
|
||||||||
Stockholders' equity:
|
||||||||
Common stock; $0.001 par value; 75,000,000 shares authorized; 6,700,000 shares
|
||||||||
issued and outstanding as of December 31, 2019 and 2018
|
6,700
|
6,700
|
||||||
Additional Paid in Capital
|
25,428
|
25,428
|
||||||
Accumulated Deficit
|
(18,150
|
)
|
(7,302
|
)
|
||||
Total stockholders' equity
|
13,978
|
24,826
|
||||||
Total liabilities and stockholders' equity
|
$
|
13,978
|
$
|
24,826
|
||||
|
||||||||||||||||
Three Months Ended December 31, 2019
|
Three Months Ended December 31, 2018
|
Six Months Ended December 31, 2019
|
Six Months Ended December 31, 2018
|
|||||||||||||
Operating Expenses:
|
||||||||||||||||
General and administrative
|
$
|
3,225
|
$
|
-
|
$
|
10,848
|
$
|
6,184
|
||||||||
Total Operating Expenses
|
3,225
|
-
|
10,848
|
6,184
|
||||||||||||
Loss from Operations
|
$
|
(3,225
|
)
|
$
|
-
|
$
|
(10,848
|
)
|
$
|
(6,184
|
)
|
|||||
Other Expenses
|
||||||||||||||||
Net loss for the period
|
$
|
(3,225
|
)
|
$
|
-
|
$
|
(10,848
|
)
|
$
|
(6,184
|
)
|
|||||
Net loss per share:
|
||||||||||||||||
Basic and diluted
|
$
|
(0.00
|
)
|
$
|
(0.00
|
)
|
$
|
(0.00
|
)
|
$
|
(0.00
|
)
|
||||
Weighted average number of shares outstanding:
|
||||||||||||||||
Basic and diluted
|
6,700,000
|
6,700,000
|
6,700,000
|
6,680,430
|
||||||||||||
Common Stock
|
|
|||||||||||||||||||
Number of
|
Additional Paid
|
Accumulated
|
Total
Stockholders' |
|||||||||||||||||
Shares
|
Amount
|
in Capital
|
Deficit
|
Equity
|
||||||||||||||||
Balance at June 30, 2018
|
-
|
$
|
-
|
$
|
1,118
|
$
|
(1,118
|
)
|
$
|
-
|
||||||||||
Additional paid in capital
|
-
|
$
|
-
|
$
|
31,010
|
$
|
-
|
$
|
31,010
|
|||||||||||
Net loss
|
-
|
$
|
-
|
$
|
-
|
$
|
(6,184
|
)
|
$
|
(6,184
|
)
|
|||||||||
Balance at September 30, 2018
|
-
|
$
|
-
|
$
|
32,128
|
$
|
(7,302
|
)
|
$
|
24,826
|
||||||||||
Net loss
|
6,700,000
|
$
|
6,700
|
$
|
-
|
$
|
-
|
$
|
-
|
|||||||||||
Balance at December 31, 2018
|
-
|
$
|
-
|
$
|
32,128
|
$
|
7,302
|
$
|
24,826
|
|||||||||||
Balance at June 30, 2019
|
6,700,000
|
$
|
6,700
|
$
|
25,428
|
$
|
(7,302
|
)
|
$
|
24,826
|
||||||||||
Net loss
|
-
|
$
|
-
|
$
|
-
|
$
|
(7,623
|
)
|
$
|
(7,623
|
)
|
|||||||||
Balance at September 30, 2019
|
6,700,000
|
$
|
6,700
|
$
|
25,428
|
$
|
(14,925
|
)
|
$
|
17,203
|
||||||||||
Net loss
|
-
|
$
|
-
|
$
|
-
|
$
|
(3,225
|
)
|
$
|
(3,225
|
)
|
|||||||||
Balance at December 31, 2019
|
6,700,000
|
$
|
6,700
|
$
|
25,428
|
$
|
(18,150
|
)
|
$
|
13,978
|
||||||||||
|
||||||||
Six Months Ended December 31, 2019
|
Six Months Ended December 31, 2018
|
|||||||
Cash flow from operating activities:
|
||||||||
Net loss
|
$
|
(10,848
|
)
|
$
|
(6,184
|
)
|
||
Adjustment to reconcile net loss to net cash used in operating activities:
|
||||||||
Changes in operating assets and liabilities:
|
||||||||
Prepaid expenses
|
9,100
|
(20,400
|
)
|
|||||
Net Cash Used in Operating activities
|
$
|
(1,748
|
)
|
$
|
(26,584
|
)
|
||
Cash flows from financing activities:
|
||||||||
Proceeds from stock issuances
|
$
|
-
|
$
|
31,010
|
||||
Net cash provided by financing activities
|
$
|
-
|
$
|
31,010
|
||||
Decrease in cash during the period
|
(1,748
|
)
|
4,426
|
|||||
Cash, beginning of period
|
4,426
|
-
|
||||||
Cash, end of period
|
$
|
2,678
|
$
|
4,426
|
||||
Supplemental disclosure of cash flow information:
|
||||||||
Cash paid during the period
|
||||||||
Taxes
|
$
|
-
|
$
|
-
|
||||
Interest
|
$
|
-
|
$
|
-
|
||||
●
|
executed contracts with the Company’s customers that it believes are legally enforceable;
|
|
●
|
identification of performance obligations in the respective contract;
|
|
●
|
determination of the transaction price for each performance obligation in the respective contract;
|
|
●
|
allocation the transaction price to each performance obligation; and
|
|
●
|
recognition of revenue only when the Company satisfies each performance obligation.
|
March 31, 2020
|
June 30, 2019
|
|||||||
(Unaudited)
|
||||||||
ASSETS
|
||||||||
Current assets:
|
||||||||
Cash
|
$
|
1,485
|
$
|
4,426
|
||||
Prepaid Expenses
|
9,800
|
20,400
|
||||||
Total Current Assets
|
11,285
|
24,826
|
||||||
Total assets
|
11,285
|
24,826
|
||||||
LIABILITIES AND STOCKHOLDERS' EQUITY
|
||||||||
Stockholders' equity:
|
||||||||
Common stock; $0.001 par value; 75,000,000 shares authorized; 6,700,000 shares
|
||||||||
issued and outstanding as of March 31, 2019 and 2018
|
6,700
|
6,700
|
||||||
Additional Paid in Capital
|
25,428
|
25,428
|
||||||
Accumulated Deficit
|
(20,843
|
)
|
(7,302
|
)
|
||||
Total stockholders' equity
|
11,285
|
24,826
|
||||||
Total liabilities and stockholders' equity
|
$
|
11,285
|
$
|
24,826
|
||||
|
||||||||||||||||
Three Months Ended March 31, 2020
|
Three Months Ended March 31, 2019
|
Nine Months Ended March 31, 2020
|
Nine Months Ended March 31, 2019
|
|||||||||||||
Operating Expenses:
|
||||||||||||||||
General and administrative
|
$
|
2,693
|
$
|
-
|
$
|
13,541
|
$
|
6,184
|
||||||||
Total Operating Expenses
|
2,693
|
-
|
13,541
|
6,184
|
||||||||||||
Loss from Operations
|
$
|
(2,693
|
)
|
$
|
-
|
$
|
(13,541
|
)
|
$
|
(6,184
|
)
|
|||||
Other Expenses
|
||||||||||||||||
Net loss for the period
|
$
|
(2,693
|
)
|
$
|
-
|
$
|
(13,541
|
)
|
$
|
(6,184
|
)
|
|||||
Net loss per share:
|
||||||||||||||||
Basic and diluted
|
$
|
(0.00
|
)
|
$
|
(0.00
|
)
|
$
|
(0.00
|
)
|
$
|
(0.00
|
)
|
||||
Weighted average number of shares outstanding:
|
||||||||||||||||
Basic and diluted
|
6,700,000
|
6,700,000
|
6,700,000
|
6,700,000
|
||||||||||||
Common Stock
|
Total
|
|||||||||||||||||||
Number of
|
Additional Paid
|
Accumulated
|
Stockholders'
|
|||||||||||||||||
Shares
|
Amount
|
in Capital
|
Deficit
|
Equity
|
||||||||||||||||
Balance at June 30, 2018
|
-
|
$
|
-
|
$
|
1,118
|
$
|
(1,118
|
)
|
$
|
-
|
||||||||||
Additional paid in capital
|
-
|
$
|
-
|
$
|
31,010
|
$
|
-
|
$
|
31,010
|
|||||||||||
Net loss
|
-
|
$
|
-
|
$
|
-
|
$
|
(6,184
|
)
|
$
|
(6,184
|
)
|
|||||||||
Balance at September 30, 2018
|
-
|
$
|
-
|
$
|
32,128
|
$
|
(7,302
|
)
|
$
|
24,826
|
||||||||||
Net loss
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
|||||||||||
Balance at December 31, 2018
|
6,700,000
|
$
|
6,700
|
$
|
25,428
|
$
|
(7,302
|
)
|
$
|
24,826
|
||||||||||
Net loss
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
|||||||||||
Balance at March 31, 2019
|
6,700,000
|
$
|
6,700
|
$
|
25,428
|
$
|
(7,302
|
)
|
$
|
24,826
|
||||||||||
Balance at June 30, 2019
|
6,700,000
|
$
|
6,700
|
$
|
25,428
|
$
|
(7,302
|
)
|
$
|
24,826
|
||||||||||
Net loss
|
-
|
$
|
-
|
$
|
-
|
$
|
(7,623
|
)
|
$
|
(7,623
|
)
|
|||||||||
Balance at September 30, 2019
|
6,700,000
|
$
|
6,700
|
$
|
25,428
|
$
|
(14,925
|
)
|
$
|
17,203
|
||||||||||
Net loss
|
-
|
$
|
-
|
$
|
-
|
$
|
(3,225
|
)
|
$
|
(3,225
|
)
|
|||||||||
Balance at December 31, 2019
|
6,700,000
|
$
|
6,700
|
$
|
25,428
|
$
|
(18,150
|
)
|
$
|
13,978
|
||||||||||
Net loss
|
-
|
$
|
-
|
$
|
-
|
$
|
(2,693
|
)
|
$
|
(2,693
|
)
|
|||||||||
Balance at March 31, 2020
|
6,700,000
|
$
|
6,700
|
$
|
25,428
|
$
|
(20,843
|
)
|
$
|
11,285
|
||||||||||
|
||||||||
Nine Months Ended March 31, 2020
|
Nine Months Ended March 31, 2019
|
|||||||
Cash flow from operating activities:
|
||||||||
Net loss
|
$
|
(13,541
|
)
|
$
|
(6,184
|
)
|
||
Adjustment to reconcile net loss to net cash used in operating activities:
|
||||||||
Changes in operating assets and liabilities:
|
||||||||
Prepaid expenses
|
10,600
|
(20,400
|
)
|
|||||
Net Cash Used in Operating activities
|
$
|
(2,941
|
)
|
$
|
(26,584
|
)
|
||
Cash flows from financing activities:
|
||||||||
Proceeds from stock issuances
|
$
|
-
|
$
|
31,010
|
||||
Net cash provided by financing activities
|
$
|
-
|
$
|
31,010
|
||||
Decrease in cash during the period
|
(2,941
|
)
|
4,426
|
|||||
Cash, beginning of period
|
4,426
|
-
|
||||||
Cash, end of period
|
$
|
1,485
|
$
|
4,426
|
||||
Supplemental disclosure of cash flow information:
|
||||||||
Cash paid during the period
|
||||||||
Taxes
|
$
|
-
|
$
|
-
|
||||
Interest
|
$
|
-
|
$
|
-
|
||||
●
|
executed contracts with the Company’s customers that it believes are legally enforceable;
|
|
●
|
identification of performance obligations in the respective contract;
|
|
●
|
determination of the transaction price for each performance obligation in the respective contract;
|
|
●
|
allocation the transaction price to each performance obligation; and
|
|
●
|
recognition of revenue only when the Company satisfies each performance obligation.
|
Legal Fees
|
$
|
5,000
|
||
Accounting and Auditing
|
$
|
12,500
|
||
Electronic Filing and Printing
|
$
|
5,900
|
||
Transfer Agent
|
$
|
2,000
|
||
Total
|
$
|
25,400
|
Exhibit Number
|
Description
|
23.2
|
Consent of Attorney Randall Lanham (see exhibit 5.1)
|
Signature
|
Title
|
Date
|
|
|
|
|
|
/s/Alessandro Napoleone
|
President, Secretary, Treasurer, Principal Executive Officer, Principal Financial Officer and member of the Board of Directors
|
May 12, 2020
|
|
|
28652 Oso Parkway Suite D
|
|
Telephone: (949) 858-6773
|
Rancho Santa Margarita, California 92688
|
|
Facsimile: (949) 858-6774
|
|
|
|
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