1 unchanged sentence
FINANCIAL STATEMENTS
−Removed: August 31, 2020
+Added: November 30, 2020
BALANCE SHEETS
11 unchanged sentences
TOTAL CURRENT LIABILITIES
−Removed: COMMITMENTS AND CONTINGENCIES
−Removed: STOCKHOLDERS’ (DEFICIT)
+Added: COMMITMENTS AND CONTINGENCIES STOCKHOLDERS’ (DEFICIT)
Authorized 200,000,000 shares of common stock, $0.001 par value, Issued and outstanding 64,900,000 shares of common stock (May 31, 2020 – 64,900,000)
5 unchanged sentences
STATEMENTS OF OPERATIONS
−Removed: three- months
−Removed: three- months
OPERATING EXPENSES
5 unchanged sentences
The accompanying notes are an integral part of these financial statements.
−Removed: STATEMENT OF STOCKHOLDER’S EQUITY (DEFICIT)
−Removed: FOR THREE-MONTH ENDED JUNE 1, 2020 AND AUGUST 31, 2020
+Added: STATEMENT OF STOCKHOLDER’S DEFICIT
+Added: FOR THE SIX-MONTH ENDED FROM JUNE 1, 2020 TO NOVEMBER 30, 2020
Balance, May 31, 2020
1 unchanged sentence
Balance, August 31, 2020 (unaudited)
+Added: Net loss for the three-months ended November 30, 2020
+Added: Balance, November 30, 2020 (unaudited)
May 20, 2020, the Company approved a special resolution to undertake a forward split of the common stock of the Company on a basis of 50 new common shares for 1 old common share
STATEMENT OF STOCKHOLDERS’ DEFICIT
−Removed: FOR THE THREE-MONTH PERIOD FROM JUNE 1, 2019 TO AUGUST 31, 2019
+Added: FOR THE SIX-MONTH PERIOD FROM JUNE 1, 2019 TO NOVEMBER 30, 2019
+Added: Number of shares
+Added: Shares to be issued
Accumulated Deficit
2 unchanged sentences
Net loss for the three-months ending August 31, 2019
−Removed: Balance, August 31, 2019 (unaudited)
+Added: Balance, August 31, 2019
+Added: Common shares sold
+Added: Net loss for three-month period ended November 30, 2019
+Added: Balance, November 30, 2019 (unaudited)
May 20, 2020, the Company approved a special resolution to undertake a forward split of the common stock of the Company on a basis of 50 new common shares for 1 old common share.
The accompanying notes are an integral part of these financial statements.
−Removed: STATEMENTS OF CASH FLOWS (Unaudited)
+Added: STATEMENTS OF CASH FLOWS
CASH FLOWS FROM OPERATING ACTIVITIES
17 unchanged sentences
NOTES TO FINANCIAL STATEMENTS
−Removed: AUGUST 31, 2020 (Unaudited)
+Added: NOVEMBER 30, 2020 (Unaudited)
NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION
3 unchanged sentences
Going concern
−Removed: To date the Company has generated no revenues from its business operations and has incurred operating losses since inception of $60,215.As at August 31, 2020, the Company has a working capital deficit of $41,325.The Company will require additional funding to meet its ongoing obligations and to fund anticipated operating losses.
+Added: To date the Company has generated no revenues from its business operations and has incurred operating losses since inception of $69,216.
+Added: As at November 30, 2020, the Company has a working capital deficit of $50,326.
+Added: The Company will require additional funding to meet its ongoing obligations and to fund anticipated operating losses.
The ability of the Company to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations.
1 unchanged sentence
The Company intends to continue to fund its business by way of private placements and advances from related parties as may be required.
−Removed: As of August 31, 2020, the Company has issued 50,000,000 founders shares for net proceeds of $3,990 and 14,900,000 private placement shares for net proceeds of $14,900 to the Company.
+Added: As of November 30, 2020, the Company has issued 50,000,000 founders shares for net proceeds of $3,990 and 14,900,000 private placement shares for net proceeds of $14,900 to the Company.
These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.
1 unchanged sentence
Basis of Presentation
−Removed: The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to Form 10-Q.They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements.
+Added: The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to Form 10-Q.
+Added: They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements.
However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the fiscal year ended May 31, 2020 included in the Company’s year-end financial statements on Form 10-K filed with the Securities and Exchange Commission.
1 unchanged sentence
In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made.
−Removed: Operating results for the three-months ended August 31, 2020 are not necessarily indicative of the results that may be expected for the year ending May 31, 2021.
+Added: Operating results for the six-months ended November 30, 2020 are not necessarily indicative of the results that may be expected for the year ending May 31, 2021.
Use of Estimates and Assumptions
10 unchanged sentences
NOTES TO FINANCIAL STATEMENTS
−Removed: AUGUST 31, 2020 (Unaudited)
+Added: NOVEMBER 30, 2020 (Unaudited)
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
4 unchanged sentences
Diluted loss per share is the same as basic loss per share due to the lack of dilutive items in the Company.
−Removed: As of August 31, 2020, there were no common stock equivalents outstanding.
+Added: As of November 30, 2020, there were no common stock equivalents outstanding.
The Company follows the liability method of accounting for income taxes.
10 unchanged sentences
The Company has not adopted a stock option plan and has not granted any stock options.
−Removed: As at August 31, 2020 the Company had not adopted a stock option plan nor had it granted any stock options.
+Added: As at November 30, 2020 the Company had not adopted a stock option plan nor had it granted any stock options.
Accordingly, no stock-based compensation has been recorded to date.
1 unchanged sentence
The Company does not expect the adoption of any recent accounting pronouncements to have a material impact on its financial statements.
+Added: NOTES TO FINANCIAL STATEMENTS
+Added: NOVEMBER 30, 2020 (Unaudited)
NOTE 3 – COMMON STOCK
1 unchanged sentence
No preferred shares have been authorized or issued.
−Removed: Total shares issued and outstanding as of August 31, 2020 is 64,900,000.
+Added: Total shares issued and outstanding as of November 30, 2020 is 64,900,000.
On September 30, 2017, the Company issued 200,000,000 (4,000,000 pre-split) common shares at $0.00002 per share to the sole director and President of the Company.
6 unchanged sentences
NOTE 4 – RELATED PARTY TRANSACTIONS
−Removed: During the three-month ended August 31, 2020, the CEO paid expenses of $2,229 and on behalf of the Company.
−Removed: Total amount owed to the CEO as of August 31, 2020 is $30,786 (May 31, 2020- $28,557).
+Added: During the six-month ended November 30, 2020, the CEO paid expenses of $21,798 and on behalf of the Company.
+Added: Total amount owed to the CEO as of November 30, 2020 is $50,355 (May 31, 2020- $28,557).
The amounts due to related party are unsecured and non- interest-bearing with no set terms of repayment.
−Removed: NOTE 5 – SUBSEQUENT EVENTS
−Removed: During October 2020, the CEO paid expenses of $4,500 and on behalf of the Company.
−Removed: The amounts due to the related party are unsecured and non- interest-bearing with no set terms of repayment.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.