SHAREHOLDERS’ DEFICIT

12 Months Ended

Sep. 30, 2021

Equity [Abstract]

SHAREHOLDERS’ DEFICIT

NOTE 10. SHAREHOLDERS’ DEFICIT

Preferred Stock

As of September 30, 2020 and for the year ended September 30, 2021, we were authorized to issue 10,000,000 shares of preferred stock with a par value of $0.0001.

No shares of preferred stock were issued and outstanding as of September 15, 2020 (Inception), the effective date of the Holding Company Reorganization.

No shares of preferred stock were issued and outstanding during the period from September 15, 2020 (Inception) to September 30, 2020 and September 30, 2021.

No series of preferred stock or rights for preferred stock had been designated at September 30, 2020 and September 30, 2021.

Common Stock

As of September 30, 2020 and September 30, 2021, we were authorized to issue 1,990,000,000 shares of common stock with a par value of $0.0001.

As of September 15, 2020, the effective date of the reverse recapitalization, 619,085 split adjusted shares of common stock were issued and outstanding in our predecessor company with a reverse split adjusted total (see below) par value of $62 and negative balance of additional paid in capital totaling $(15,550).

As of September 30, 2021 and 2020, 619,085 shares of common stock were issued and outstanding.

Effective October 23, 2020, following a resolution of the Board of Directors and the written consent of our then majority shareholder (holding 50.1% of our common stock), we filed a Certificate of Amendment to Articles of Incorporation with the Delaware Secretary of State which effectuated a reverse split of our outstanding commons stock, $0.0001 par value, om a one (1) post-split for two thousand (2,000) pre-split shares basis.

Changes in Control

Effective March 31, 2021, certain accredited investors (collectively “the Purchasers”), purchased a total of 371,246 shares our common stock representing 59.97% of our issued and outstanding shares, in a private transaction with David Cutler.

As a result of the closing of the transaction on March 31, 2020, the Purchasers acquired a majority of the issued shares eligible to vote.

The total purchase price of $400,000 was paid in cash by the Purchaser at Closing.

Warrants

No warrants were issued or outstanding during the from September 15, 2020 (Inception) to September 30, 2020 and for the year ended September 30, 2021.

Stock Options

We currently have no stock option plan.

No stock options were issued or outstanding during the from September 15, 2020 (Inception) to September 30, 2020 or for the year ended September 30, 2021.