10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2021

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from           to

Commission File Number: 0-28963

STRATEGIC ACQUISITIONS, INC.

(Exact name of Registrant as specified in its charter)

Nevada	13-3506506
(State or other jurisdiction	(IRS Employer
of incorporation or organization)	Identification Number)

30 Broad Street, 14th Floor, New York, NY 10004

(Address of principal executive offices, including zip code)

(212) 878-6532

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:	None
Securities registered pursuant to Section 12(g) of the Act:	Common Stock
	(Title of class)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☐ (Do not check if a smaller reporting company)	Smaller reporting company ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☒ No ☐

As of November 10, 2021, the registrant had 2,715,000 shares of common stock outstanding.

STRATEGIC ACQUISITIONS, INC.

TABLE OF CONTENTS

		Page
PART I ⸺ FINANCIAL INFORMATION		2
	ITEM 1 — Financial Statements	2
	Balance Sheets	2
	Statements of Operations	3
	Statements of Stockholders’ Equity	4
	Statements of Cash Flows	5
	Notes to Financial Statements	6
	ITEM 2 — Management’s Discussion and Analysis of Financial Condition and Results of Operations	7
	ITEM 4 — Controls and Procedures	7
PART II ⸺ OTHER INFORMATION		8
	ITEM 1 — Legal Proceedings	8
	ITEM 2 — Unregistered Sales of Equity Securities and Use of Proceeds	8
	ITEM 5 — Other Information	8
	ITEM 6 — Exhibits	9
SIGNATURES		10

1

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

STRATEGIC ACQUISITIONS, INC.

BALANCE SHEETS

	September 30, 2021 (Unaudited)			December 31, 2020
ASSETS
Current assets:
Cash	$	41,472		$	19,530
Prepaid expense		-			500
Total current assets		41,472			20,030
Total assets	$	41,472		$	20,030
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	-		$	205
Total current liabilities		-			205
Total liabilities		-			205
Stockholders’ equity:
Common stock, $0.001 par value; 50,000,000 shares authorized; 2,715,000 and 2,515,000 shares issued and outstanding, respectively		2,715			2,515
Additional paid-in capital		575,688			535,888
Accumulated deficit		(536,931	)		(518,578	)
Total stockholders’ equity		41,472			19,825
Total liabilities and stockholders’ equity	$	41,472		$	20,030

The accompanying notes are an integral part of these financial statements.

2

STRATEGIC ACQUISITIONS, INC.

STATEMENTS OF OPERATIONS

(UNAUDITED)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
Revenues	$	-		$	-		$	-		$	-
Expenses
General & Administrative		4,627			4,254			18,353			17,397
General & Administrative – related party		-			3,500			-			20,750
Total Expenses		4,627			7,754			18,353			38,147
Other Income
Interest Income		-			1			-			10
Total Other Income		-			1			-			10
Net (loss) before provision for taxes	$	(4,627	)	$	(7,753	)	$	(18,353	)	$	(38,137	)
Income tax provision		-			-			-			-
Net (loss)	$	(4,627	)	$	(7,753	)	$	(18,353	)	$	(38,137	)
Net (Loss) Per Common Share – Basic & Fully Diluted	$	(0.00	)	$	(0.00	)	$	(0.01	)	$	(0.02	)
Weighted average number of shares of common stock outstanding – Basic & Fully Diluted		2,562,283			2,515,000			2,530,934			2,515,000

The accompanying notes are an integral part of these financial statements.

3

STRATEGIC ACQUISITIONS, INC.

STATEMENTS OF STOCKHOLDERS’ EQUITY

(UNAUDITED)

					Additional					Total
	Common Stock				Paid-in-		Accumulated			Stockholders’
	Outstanding		Amount		Capital		(Loss)			Equity
Balance at December 31, 2020		2,515,000	$	2,515	$	535,888	$	(518,578	)	$	19,825
Net loss		—		—		—		(10,126	)		(10,126	)
Balance at March 31, 2021		2,515,000	$	2,515	$	535,888	$	(528,704	)	$	9,699
Net loss		—		—		—		(3,600	)		(3,600	)
Balance at June 30, 2021		2,515,000	$	2,515	$	535,888	$	(532,304	)	$	6,099
Issuance of common stock on September 8, 2021 at $0.20 per share for cash		150,000		150		29,850					30,000
Issuance of common stock on September 13, 2021 at $0.20 per share for cash		50,000		50		9,950					10,000
Net loss		—		—		—		(4,627	)		(4,627	)
Balance at September 30, 2021		2,715,000	$	2,715	$	575,688	$	(536,931	)	$	41,472
Balance at December 31, 2019		2,515,000	$	2,515	$	535,888	$	(472,038	)	$	66,365
Net loss		—		—		—		(17,693	)		(17,693	)
Balance at March 31, 2020		2,515,000	$	2,515	$	535,888	$	(489,731	)	$	48,672
Net loss		—		—		—		(12,691	)		(12,691	)
Balance at June 30, 2020		2,515,000	$	2,515	$	535,888	$	(502,422	)	$	35,981
Net loss		—		—		—		(7,753	)		(7,753	)
Balance at September 30, 2020		2,515,000	$	2,515	$	535,888	$	(510,175	)	$	28,228

The accompanying notes are an integral part of these financial statements.

4

STRATEGIC ACQUISITIONS, INC.

STATEMENTS OF CASH FLOWS

(UNAUDITED)

	Nine Months Ended September 30,
	2021			2020
Cash Flows From Operating Activities
Net (loss)	$	(18,353	)	$	(38,137	)
Adjustments to reconcile net (loss) to net cash provided by (used in) operating activities:
(Increase) Decrease in prepaid expense		500			1,250
Increase (Decrease) in accounts payable		(205	)		932
Net cash provided by (used in) operating activities		(18,058	)		(35,955	)
Cash Flows From Financing Activities
Proceeds from issuance of common stock		40,000			-
Net cash flows from financing activities		40,000			-
Net increase (decrease) in cash		21,942			(35,955	)
Cash at beginning of the period		19,530			64,615
Cash at end of the period	$	41,472		$	28,660

The accompanying notes are an integral part of these financial statements.

5

STRATEGIC ACQUISITIONS, INC.

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

Note 1. Basis of Presentation

The accompanying unaudited financial information as of and for the three and nine months ended September 30, 2021 and 2020 has been prepared in accordance with generally accepted accounting principles (GAAP) in the U.S. for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) as set forth in the instructions to Quarterly Report on Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, such financial information includes all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of our financial position at such date and the operating results and cash flows for such periods. Operating results for the three and nine months ended September 30, 2021 are not necessarily indicative of the results that may be expected for the entire year or for any other subsequent interim period.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to the rules of the SEC. These unaudited financial statements and related notes should be read in conjunction with our audited financial statements for the year ended December 31, 2020 included in the Company’s Annual Report on Form 10-K filed with the SEC on March 31, 2021.

The balance sheet at December 31, 2020 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by GAAP in the U.S. for complete financial statements.

Note 2. Stockholders’ Equity

The Company is authorized to issue 50,000,000 shares of its $0.001 par value Common Stock.

On September 8, 2021, the Company issued 150,000 shares of its Common Stock to three investors in a private placement transaction, for cash in the aggregate amount of $30,000. Two of the investors are also investors in NextCoal International, Inc., the Company’s majority shareholder.

On September 13, 2021, the Company issued 50,000 shares of its Common Stock to an additional investor in a private placement transaction, for cash in the aggregate amount of $10,000.

These two issuances resulted in an aggregate of 200,000 shares being issued for an aggregate of $40,000 during the three-month period ended September 30, 2021.

There were no other issuances of common stock for the period ended September 30, 2021.

Note 3. Related Party Transactions

The Company may periodically issue payment to certain officers and directors or their affiliates for services in connection with maintaining the company’s financial statements and regulatory status in good standing and evaluating potential business opportunities.

For the three- and nine-month periods ended September 30, 2021, there were no payments for services issued to officers or directors.

For the three-month period ended September 30, 2020, the total payment for services to related parties was: $3,000 to Jonathan Braun, a director of the Company, and $500 to Marika Tonay, an officer and director of the Company. For the nine-month period ended September 30, 2020, payment for services to Jonathan Braun was $16,000, to Marika Tonay was $4,000, and to Westminster Securities Corp., an entity controlled by the Company’s President, John O’Shea was $750.

Note 4. Subsequent Events

In accordance with ASC Topic 855-10, the Company has analyzed its operations subsequent to September 30, 2021 to the date these financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements.

6

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion should be read in conjunction with the accompanying financial statements for the three- and nine-month periods ended September 30, 2021 and the Form 10-K for the fiscal year ended December 31, 2020.

Liquidity and Capital Resources

At September 30, 2021, the Company had current assets in the form of cash of $41,472 and liabilities of $0. This compares with cash of $19,530, prepaid expense of $500 and liabilities of $205 as of December 31, 2020. The increase in cash was due to proceeds from a private placement financing, partially offset by certain expenses associated with maintaining the Company’s public status and evaluating business opportunities.

Results of Operations

The Company has not realized any revenues from operations in the past two years, and its plan of operation for the next twelve months shall be to continue its efforts to locate a suitable acquisition/merger candidate.

It is unlikely the Company will have any revenue, other than interest income, unless it is able to effect an acquisition of or merger with an operating company, of which there can be no assurance.

For the quarters ended September 30, 2021 and 2020, the Company showed net losses of $4,267 and $7,753 respectively. The decrease in net loss was due primarily to decreased related party compensation for services.

For the nine-month periods ended September 30, 2021 and 2020, the Company showed net losses of $18,353 and $38,137, respectively. The decrease in net loss was due primarily to decreased related party compensation for services.

ITEM 4. CONTROLS AND PROCEDURES

As of the end of the period covered by this report, the Company conducted an evaluation, under the supervision and with the participation of the Principal Executive Officer and Principal Financial Officer, of the effectiveness of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”).

Based on this evaluation, the Principal Executive Officer and Principal Financial Officer concluded that the Company’s disclosure controls and procedures are effective to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms. Additionally, the Principal Executive Officer and Principal Financial Officer concluded that the Company’s disclosure controls and procedures are effective to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the Principal Executive Officer and Principal Financial Officer, as appropriate to allow timely decisions regarding disclosure.

There was no change in the Company’s internal control over financial reporting during the Company’s most recently completed fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

***

7

PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Between September 8, 2021 and September 13, 2021, the Company sold 200,000 restricted shares of its Common Stock to private purchasers in a private placement transaction, for an aggregate of $40,000. The securities were sold pursuant to an exemption from registration as set forth in Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506 promulgated thereunder. The purchasers were “accredited investors” as defined in Rule 501 of the Securities Act, and there was no general solicitation or advertising regarding the offering. The offering has terminated. The use of proceeds is working capital. There were no underwriters in the transaction, no commissions or other consideration paid for the transaction, and no offering expenses. Following these sales, the Company has 2,715,000 shares of Common Stock issued and outstanding.

ITEM 5. OTHER INFORMATION

None.

8

ITEM 6. EXHIBITS

The following exhibits are filed with this Report or incorporated by reference:

EXHIBIT LIST

Exhibit Number	Description
31.1	Certification of the Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of the Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, Section 906 of the Sarbanes-Oxley Act of 2002

101.INS	Inline XBRL Instance Document
101.SCH	Inline XBRL Taxonomy Extension Schema Document
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	Inline XBRL Taxonomy Extension Labels Linkbase Document
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

9

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	STRATEGIC ACQUISITIONS, INC.
	(Registrant)
Date: November 15, 2021	By:	/s/ JOHN P. O’SHEA
		John P. O’Shea
		President and Principal Financial Officer

***

10

EX-31.1

EXHIBIT 31.1

STRATEGIC ACQUISITIONS, INC.

CERTIFICATION PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002

I,	John P. O’Shea, certify that:
1.	I have reviewed this Quarterly Report on Form 10-Q of Strategic Acquisitions, Inc. (the “registrant”);
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant is made known to me by others within the registrant, particularly during the period in which this report is being prepared. The registrant has no consolidated or unconsolidated subsidiaries;
b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ JOHN P. O’SHEA	November 15, 2021
John P. O’Shea
Principal Executive Officer and
Principal Financial Officer

EX-32.1

EXHIBIT 32.1

STRATEGIC ACQUISITIONS, INC.

CERTIFICATION PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

In connection with the filing of the Quarterly Report on Form 10-Q of Strategic Acquisitions, Inc. (the “Company”) for the period ended September 30, 2021 as filed with the Securities and Exchange Commission (the “Report”), I, John P. O’Shea, President of the Company certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge and belief:

(1)	the Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended, and
(2)	the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods indicated.

/s/ JOHN P. O’SHEA	November 15, 2021
John P. O’Shea
Principal Executive Officer and
Principal Financial Officer

XML

Cover - shares	9 Months Ended
	Sep. 30, 2021	Nov. 10, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	0-28963
Entity Registrant Name	STRATEGIC ACQUISITIONS INC /NV/
Entity Central Index Key	0000847942
Entity Tax Identification Number	13-3506506
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	30 Broad Street
Entity Address, Address Line Two	14th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10004
City Area Code	(212)
Local Phone Number	878-6532
Title of 12(g) Security	Common Stock
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Entity Common Stock, Shares Outstanding		2,715,000

XML

Balance Sheets - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash	$ 41,472	$ 19,530
Prepaid expense		500
Total current assets	41,472	20,030
Total assets	41,472	20,030
Current liabilities:
Accounts payable		205
Total current liabilities		205
Total liabilities		205
Stockholders’ equity:
Common stock, $0.001 par value; 50,000,000 shares authorized; 2,715,000 and 2,515,000 shares issued and outstanding, respectively	2,715	2,515
Additional paid-in capital	575,688	535,888
Accumulated deficit	(536,931)	(518,578)
Total stockholders’ equity	41,472	19,825
Total liabilities and stockholders’ equity	$ 41,472	$ 20,030

XML

Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	2,715,000	2,515,000
Common stock, shares outstanding	2,715,000	2,515,000

XML

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Revenues
Expenses
General & Administrative	4,627	4,254	18,353	17,397
General & Administrative – related party		3,500		20,750
Total Expenses	4,627	7,754	18,353	38,147
Other Income
Interest Income		1		10
Total Other Income		1		10
Net (loss) before provision for taxes	(4,627)	(7,753)	(18,353)	(38,137)
Income tax provision
Net (loss)	$ (4,627)	$ (7,753)	$ (18,353)	$ (38,137)
Net (Loss) Per Common Share – Basic & Fully Diluted	$ (0.00)	$ (0.00)	$ (0.01)	$ (0.02)
Weighted average number of shares of common stock outstanding – Basic & Fully Diluted	2,562,283	2,515,000	2,530,934	2,515,000

XML

Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2019	$ 2,515	$ 535,888	$ (472,038)	$ 66,365
Balance, shares at Dec. 31, 2019	2,515,000
Net loss			(17,693)	(17,693)
Ending balance, value at Mar. 31, 2020	$ 2,515	535,888	(489,731)	48,672
Balance, shares at Mar. 31, 2020	2,515,000
Beginning balance, value at Dec. 31, 2019	$ 2,515	535,888	(472,038)	66,365
Balance, shares at Dec. 31, 2019	2,515,000
Net loss				(38,137)
Ending balance, value at Sep. 30, 2020	$ 2,515	535,888	(510,175)	28,228
Balance, shares at Sep. 30, 2020	2,515,000
Beginning balance, value at Mar. 31, 2020	$ 2,515	535,888	(489,731)	48,672
Balance, shares at Mar. 31, 2020	2,515,000
Net loss			(12,691)	(12,691)
Ending balance, value at Jun. 30, 2020	$ 2,515	535,888	(502,422)	35,981
Balance, shares at Jun. 30, 2020	2,515,000
Net loss			(7,753)	(7,753)
Ending balance, value at Sep. 30, 2020	$ 2,515	535,888	(510,175)	28,228
Balance, shares at Sep. 30, 2020	2,515,000
Beginning balance, value at Dec. 31, 2020	$ 2,515	535,888	(518,578)	19,825
Balance, shares at Dec. 31, 2020	2,515,000
Net loss			(10,126)	(10,126)
Ending balance, value at Mar. 31, 2021	$ 2,515	535,888	(528,704)	9,699
Balance, shares at Mar. 31, 2021	2,515,000
Beginning balance, value at Dec. 31, 2020	$ 2,515	535,888	(518,578)	19,825
Balance, shares at Dec. 31, 2020	2,515,000
Net loss				(18,353)
Ending balance, value at Sep. 30, 2021	$ 2,715	575,688	(536,931)	41,472
Balance, shares at Sep. 30, 2021	2,715,000
Beginning balance, value at Mar. 31, 2021	$ 2,515	535,888	(528,704)	9,699
Balance, shares at Mar. 31, 2021	2,515,000
Net loss			(3,600)	(3,600)
Ending balance, value at Jun. 30, 2021	$ 2,515	535,888	(532,304)	6,099
Balance, shares at Jun. 30, 2021	2,515,000
Issuance of common stock on September 8, 2021 at $0.20 per share for cash	$ 150	29,850		30,000
Issuance of common stock on September 8, 2021 at $0.20 per share for cash, shares	150,000
Issuance of common stock on September 13, 2021 at $0.20 per share for cash	$ 50	9,950		10,000
Issuance of common stock on September 13, 2021 at $0.20 per share for cash, shares	50,000
Net loss			(4,627)	(4,627)
Ending balance, value at Sep. 30, 2021	$ 2,715	$ 575,688	$ (536,931)	$ 41,472
Balance, shares at Sep. 30, 2021	2,715,000

XML

Statements of Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	Sep. 13, 2021	Sep. 08, 2021
Statement of Stockholders' Equity [Abstract]
Shares Issued, Price Per Share	$ 0.20	$ 0.20

XML

Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				9 Months Ended
	Sep. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020
Cash Flows From Operating Activities
Net (loss)	$ (4,627)	$ (10,126)	$ (7,753)	$ (17,693)	$ (18,353)	$ (38,137)
Adjustments to reconcile net (loss) to net cash provided by (used in) operating activities:
(Increase) Decrease in prepaid expense					500	1,250
Increase (Decrease) in accounts payable					(205)	932
Net cash provided by (used in) operating activities					(18,058)	(35,955)
Cash Flows From Financing Activities
Proceeds from issuance of common stock					40,000
Net cash flows from financing activities					40,000
Net increase (decrease) in cash					21,942	(35,955)
Cash at beginning of the period		$ 19,530		$ 64,615	19,530	64,615
Cash at end of the period	$ 41,472		$ 28,660		$ 41,472	$ 28,660

XML

Basis of Presentation

9 Months Ended

Sep. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Note 1. Basis of Presentation

The accompanying unaudited financial information as of and for the three and nine months ended September 30, 2021 and 2020 has been prepared in accordance with generally accepted accounting principles (GAAP) in the U.S. for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) as set forth in the instructions to Quarterly Report on Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, such financial information includes all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of our financial position at such date and the operating results and cash flows for such periods. Operating results for the three and nine months ended September 30, 2021 are not necessarily indicative of the results that may be expected for the entire year or for any other subsequent interim period.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to the rules of the SEC. These unaudited financial statements and related notes should be read in conjunction with our audited financial statements for the year ended December 31, 2020 included in the Company’s Annual Report on Form 10-K filed with the SEC on March 31, 2021.

The balance sheet at December 31, 2020 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by GAAP in the U.S. for complete financial statements.

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Stockholders’ Equity

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Stockholders’ Equity

Note 2. Stockholders’ Equity

The Company is authorized to issue 50,000,000 shares of its $0.001 par value Common Stock.

On September 8, 2021, the Company issued 150,000 shares of its Common Stock to three investors in a private placement transaction, for cash in the aggregate amount of $30,000. Two of the investors are also investors in NextCoal International, Inc., the Company’s majority shareholder.

On September 13, 2021, the Company issued 50,000 shares of its Common Stock to an additional investor in a private placement transaction, for cash in the aggregate amount of $10,000.

These two issuances resulted in an aggregate of 200,000 shares being issued for an aggregate of $40,000 during the three-month period ended September 30, 2021.

There were no other issuances of common stock for the period ended September 30, 2021.

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Related Party Transactions

9 Months Ended

Sep. 30, 2021

Related Party Transactions [Abstract]

Related Party Transactions

Note 3. Related Party Transactions

The Company may periodically issue payment to certain officers and directors or their affiliates for services in connection with maintaining the company’s financial statements and regulatory status in good standing and evaluating potential business opportunities.

For the three- and nine-month periods ended September 30, 2021, there were no payments for services issued to officers or directors.

For the three-month period ended September 30, 2020, the total payment for services to related parties was: $3,000 to Jonathan Braun, a director of the Company, and $500 to Marika Tonay, an officer and director of the Company. For the nine-month period ended September 30, 2020, payment for services to Jonathan Braun was $16,000, to Marika Tonay was $4,000, and to Westminster Securities Corp., an entity controlled by the Company’s President, John O’Shea was $750.

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Subsequent Events

9 Months Ended

Sep. 30, 2021

Subsequent Events [Abstract]

Subsequent Events

Note 4. Subsequent Events

In accordance with ASC Topic 855-10, the Company has analyzed its operations subsequent to September 30, 2021 to the date these financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements.

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Stockholders’ Equity (Details Narrative) - USD ($)			3 Months Ended
	Sep. 13, 2021	Sep. 08, 2021	Sep. 30, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Common stock, shares authorized			50,000,000	50,000,000
Common stock, par value			$ 0.001	$ 0.001
Stock Issued During Period, Value, New Issues			$ 30,000
Investors [Member]
Defined Benefit Plan Disclosure [Line Items]
Stock Issued During Period, Shares, New Issues		150,000
Stock Issued During Period, Value, New Issues		$ 30,000
Additional Investors [Member]
Defined Benefit Plan Disclosure [Line Items]
Stock Issued During Period, Shares, New Issues	50,000
Stock Issued During Period, Value, New Issues	$ 10,000
Investors In Private Placement [Member]
Defined Benefit Plan Disclosure [Line Items]
Stock Issued During Period, Shares, New Issues			200,000
Stock Issued During Period, Value, New Issues			$ 40,000

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Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Related Party Transaction [Line Items]
Payment for services	$ 0		$ 0
Jonathan Braun [Member]
Related Party Transaction [Line Items]
Payment for services		$ 3,000		$ 16,000
Marika Tonay [Member]
Related Party Transaction [Line Items]
Payment for services		$ 500		4,000
Westminster Securities Corp [Member]
Related Party Transaction [Line Items]
Payment for services				$ 750