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Presentation and Nature of Business
9 Months Ended
Nov. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Presentation and Nature of Business

Note 1. Presentation and Nature of Business

 

E-Waste Corp., a Florida corporation was formed on January 26, 2012, to develop an e-waste recycling business.  The Company was not successful in its efforts and has discontinued this line of business.

 

Going forward, the Company intends to seek, investigate and, if such investigation warrants, engage in a business combination with a private entity whose business presents an opportunity for our stockholders. Our objectives discussed below are extremely general and are not intended to restrict discretion of our Board of Directors to search for and enter into potential business opportunities or to reject any such opportunities.

 

In November 2014, we formed a wholly owned subsidiary, which was subsequently dissolved in March 2016.  In November 2016, we formed a new wholly owned Delaware subsidiary, in connection with our proposed reincorporation in the State of Delaware.  The reincorporation was to be effected in connection with a potential business combination we were considering.  Neither the reincorporation nor the business combination has occurred as we have determined not to proceed with this transaction.