- DISCONTINUED OPERATIONS

12 Months Ended

Oct. 31, 2019

- DISCONTINUED OPERATIONS [Abstract]

- DISCONTINUED OPERATIONS

Note 7 - DISCONTINUED OPERATIONS

Further to the company entering into the Split-Off Agreement dated May 29, 2019, detailed in note 6 above, pursuant to current accounting guidelines, the business component relating to the assets and liabilities taken over is reported as a discontinued operations. The Company recognized a gain on the disposal of the assets and liabilities of $36,741. The following table summarizes the assets and liabilities of the discontinued operations assumed by Ms Ping under the terms of the Split-Off Agreement:                                                     

Current Assets
Cash and cash equivalents	$	32
Fixed assets - Equipment		5,376
- Depreciation		(5,376)
Total assets		32
Current Liabilities		(127)
Related Party Loans		(36,646)

The following table summarizes the assets and liabilities of our discontinued operations as of October 31, 2018

ASSETS		October 31, 2018
Current Assets
Cash and cash equivalents	$	5,719
Prepaid expense		4,338
Inventory		-
Total Current Assets		10,057
Fixed Assets
Equipment, net		8,836
Total Non-current Assets		8,836
Total Assets	$	18,893
LIABILITIES AND STOCKHOLDER'S EQUITY
Liabilities
Current Liabilities
Related Party Loans	$	25,900
Total Current Liabilities		25,900
Total Liabilities		25,900

The following table summarizes the results of our discontinued operations for the years ended October 31, 2019 and 2018 and is included in th statement of operations as discontinued operations:

	For the year ended  October 31,
	2019		2018
Revenue	$		$	21,161
Cost of goods	$	-	$	8,551
Gross profit	$	-	$	12,610
General and administrative expenses	$	35.037	$	33,908
Loss on discontinued operations	$	(35,037)	$	(21,298)