INTERIM CONDENSED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) |
3 Months Ended | 7 Months Ended | 9 Months Ended | |
|---|---|---|---|---|
Mar. 31, 2021 |
Mar. 31, 2020 |
Mar. 31, 2020 |
Mar. 31, 2021 |
|
| REVENUE | ||||
| Consulting fees | $ 900 | $ 1,275 | $ 1,275 | $ 4,700 |
| OPERATING EXPENSES | ||||
| Advertising & promotion | 11,062 | 2,719 | 7,747 | 30,607 |
| Bank charges & fees | 490 | 305 | 506 | 1,697 |
| Contractors | 3,400 | 263 | 263 | 3,400 |
| Exchange & listing fees | 35,250 | 0 | 0 | 44,246 |
| Interest on short-term debt | 3,324 | 0 | 0 | 3,850 |
| Investor relations | 2,749 | 0 | 0 | 5,498 |
| Legal & accounting | 17,820 | 1,500 | 8,225 | 101,810 |
| Management fees | 49,500 | 6,000 | 19,200 | 106,000 |
| Meals & entertainment | 750 | 229 | 250 | 929 |
| Office & administration | 430 | 200 | 210 | 1,503 |
| Rent & utilities | 137 | 78 | 234 | 371 |
| Subscriptions & dues | 283 | 222 | 222 | 579 |
| Travel & hotel | 0 | 576 | 678 | 313 |
| Website & internet | 540 | 419 | 826 | 1,483 |
| Total operating expenses | 125,735 | 12,511 | 38,361 | 302,286 |
| Loss from operations | (124,835) | (11,236) | (37,086) | (297,587) |
| OTHER INCOME (EXPENSE) | ||||
| Accretion expense | (59,213) | 0 | 0 | (71,724) |
| Financing fees | (15,482) | 0 | 0 | (26,965) |
| Total other income (expense) | (74,695) | 0 | 0 | (98,690) |
| Net loss | $ (199,530) | $ (11,236) | $ (37,086) | $ (396,276) |
| BASIC AND DILUTED LOSS PER COMMON SHARE | ||||
| Basic and diluted | $ (0.02) | $ (.00) | $ (.00) | $ (0.03) |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | ||||
| Basic and diluted | 13,152,503 | 9,734,700 | 9,734,700 | 12,964,601 |
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- Definition Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for administrative services provided to the limited liability company (LLC) or limited partnership (LP) by the managing member or general partner, affiliate of managing member or general partner, or affiliate of LLC or LP, for example, but not limited to, salaries, rent, or overhead costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of expense in the period for communications and data processing expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. No definition available.
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- Definition The amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expenses related to the managing member or general partner for management of the day-to-day business functions of the limited liability company (LLC) or limited partnership (LP). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Expenses incurred for travel and entertainment during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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