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ORGANIZATION AND DESCRIPTION OF BUSINESS
3 Months Ended
Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
ORGANIZATION AND DESCRIPTION OF BUSINESS

NOTE 1 -ORGANIZATION AND DESCRIPTION OF BUSINESS

 

Acro Biomedical Co., Ltd. (the “Company”) is a Nevada corporation incorporated on September 24, 2014 under the name Killer Waves Hawaii, Inc. On January 30, 2017, the Company’s corporate name was changed to Acro Biomedical Co., Ltd.

 

The Company has been engaged in the business of developing and marketing products that promote wellness and a healthy lifestyle since 2017. The Company’s initial business plan was to build a family waterpark in a state-of-the-art designed aquatic center in several locations throughout the Hawaiian Islands. The Company was not able to develop this business and it did not generate any revenues in this business. Following a change of control on January 30, 2017, the Company discontinued its efforts to develop aquatic centers and intends to conduct research and development on its own proprietary products based on cordyceps sinensis. Cordyceps is a fungus that is used in traditional Chinese medicine.

 

The Company’s first sale was made in September 2017. All of the Company’s sales to date have been sales of cordyceps related products and commencing in the three months ended September 30, 2018, metallothionein MT-3 elizer which is a protein that, in powder form, is used in health supplements. However, the Company does not have the funds for a development effort and can give no assurance that it will be able to develop any such products. All products sold as of the date of these financial statements were purchased from third parties.

 

On January 13, 2020, the sole director of the Company changed the fiscal year of the Company from the year ending September 30 to the calendar year, effective with the year ended December 31, 2019.