RELATED PARTY TRANSACTIONS

9 Months Ended

Jun. 30, 2024

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 3 - RELATED PARTY TRANSACTIONS

Mr. Hsu Shou Hung (“Mr. Hsu”), a founder of the Company, is currently the Company’s Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer, and sole director. As of June 30, 2024, Mr. Hsu collectively owns 96,260,000 shares, or 44.40%, of the Company’s restricted Common Stock. At June 30, 2024 and September 30, 2023, $1,685 and $4,257, respectively, are due to Mr. Hsu for advances to the Company for operations. The advances are due on demand, are unsecured, and are non-interest bearing.

Mr. Lin Yi Hsiu (“Mr. Jeff Lin”) is Chief Executive Officer and a director of Leader Capital Holdings Corp. (“LCHC”), a 6.92% shareholder in the Company. In addition, CPN Investment Limited (“CPN”), a company wholly owned by Mr. Jeff Lin, is also a 6.92% shareholder of the Company. Leader Financial Asset Management Limited (“LFAML”), another company wholly owned by Mr. Jeff Lin, provides consulting services to the Company.

LCHC and its wholly owned subsidiary, LOC Weibo Co., Limited (“LOC”) (collectively, “Leader”) provide IT and maintenance services to the Company, respectively.

For the three months ended June 30, 2024 and 2023, the Company incurred the following fees to Leader:

		For the three months ended June 30,
Paid to:	Description	2024		2023
LCHC	IT services	$	7,500	$	7,500
LOC	IT services		7,646		8,058
	Total	$	15,146	$	15,558

For the nine months ended June 30, 2024 and 2023, the Company incurred the following fees to Leader and LFAML:

		For the nine months ended June 30,
Paid to:	Description	2024		2023
LCHC	IT services	$	22,500	$	22,500
LOC	IT services		23,426		24,208
LFAML	Consulting services		-		200,000
	Subtotal		45,926		246,708
LCHC	Prepaid application development fees		-		450,000
	Total	$	45,926	$	696,708

At June 30, 2024 and September 30, 2023, $10,101 and $25,357, respectively, were prepaid expenses to Leader for IT and maintenance expenses.

During the nine months ended June 30, 2023, the Company prepaid $450,000 to LCHC for the development of two mobile applications. Management determined that it was more likely than not that the application developments would not be utilized as originally intended and performed an impairment analysis. As a result, an impairment loss of $450,000 was recorded for the nine months ended June 30, 2023, for the prepaid app development fees.