XML 50 R6.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net Income (loss) $ (95,490) $ (37,130)
Adjustments to reconcile Net Loss to net cashprovided by operations:    
Depreciation and amortization expenses 10,044 0
(Increase) / Decrease in Prepaid Expenses 7,330 5,600
Increase / (Decrease) in Account Payable and Accrued Expenses 42,430 2,532
Decrease in lease liabilities (11,954) 0
Net cash used in Operating Activities (47,640) (28,998)
Proceeds from Promissory Notes 2,505,000 50,000
Repayments of Related Party Loan Receivable 2,394,179 0
Repayment of Advances from Related Parties 88,315 0
Proceeds from Advances from Related Parties 0 42,411
Net cash provided by Financing Activities 22,506 92,411
Effect of exchange rate changes in cash and cash equivalents (7) 0
Net increase in Cash for period (25,141) 63,413
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 61,816 878
Cash and Cash Equivalents, at Carrying Value, Ending Balance 36,675 64,291
Supplemental Cash Flow Information andnoncash Financing Activities:    
Recognition of operating lease right-of-use assets and operating lease obligations 77,209 0
Expenses paid by related party on behalf of the Company 32,120 41,770
Finance Cost Paid $ 31,406 $ 327