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7. Subsequent Events
6 Months Ended
Feb. 29, 2020
Subsequent Events [Abstract]  
Subsequent Events

Note 7 – SUBSEQUENT EVENTS

 

In accordance with FASB ASC Topic 855 “Subsequent Events,” the Company has analyzed its operations through the date the financial statements were issued with the following events to report:

 

During the months of March and April 2020, the Company issued 808,000 shares of common stock at $.01 per share for proceeds of $8,080, of which $5,315 was offset by deferred offering costs (Note 4 Deferred Offering Costs).

 

The extent of the impact of the coronavirus ("COVID-19") outbreak on the financial performance of the Company will depend on future developments, including the duration and spread of the outbreak and related advisories and restrictions and the impact of COVID-19 on the overall economy, all of which are highly uncertain and cannot be predicted. If the overall economy is impacted for an extended period, the Company’s future operating results may be materially adversely affected.