XML 39 R16.htm IDEA: XBRL DOCUMENT v3.20.1
Going Concern
9 Months Ended
Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern

NOTE 10 — Going Concern

 

The accompanying financial statements and notes have been prepared assuming that the Company will continue as a going concern.

 

For the nine months period ended March 31, 2020, the Company had a Stockholders’ Equity of $51,081 and net profit $28,276 from operations. For the nine months period ended March 31, 2019, the Company had a Stockholders’ Equity of $23,296 and profit $1,867.

 

These factors show a significant increase in our activity but still has doubt about the Company's ability to continue as a going concern. Management believes that the Company's capital requirements will depend on many factors including the success of our development efforts and our efforts to raise capital. Management also believes the Company needs to raise additional capital for working purposes. There is no assurance that such financing will be available in the future. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.