1 unchanged sentence
FINANCIAL STATEMENTS
−Removed: August 31, 2021
+Added: November 30, 2021
BALANCE SHEETS
13 unchanged sentences
STOCKHOLDERS’ (DEFICIT)
−Removed: Authorized 200,000,000 shares of common stock, $ 0.001 par value, Issued and outstanding 64,900,000 shares of common stock (May 31, 2021 – 64,900,000 )
+Added: 200,000,000 shares of common stock, $ 0.001 par value,
+Added: Issued and outstanding
+Added: 64,900,000 shares of common stock (May 31, 2021 – 64,900,000 )
Additional paid in capital
5 unchanged sentences
For the three months ended
−Removed: August 31, 2021
−Removed: For the three months ended
−Removed: August 31, 2020
+Added: For the three months ended November 30,
+Added: months ended November 30,
+Added: months ended November 30,
OPERATING EXPENSES
6 unchanged sentences
STATEMENT OF STOCKHOLDER’S DEFICIT
−Removed: FOR YEARS ENDED JUNE 1, 2021 AND AUGUST 31, 2021
+Added: FOR SIX-MONTH ENDED FROM JUNE 1, 2021 TO NOVEMBER 30, 2021
+Added: Number of shares
Balance, May 31, 2021
1 unchanged sentence
Balance, August 31, 2021
+Added: Net loss for the three-months ending November 30, 2021
+Added: Balance, November 30, 2021
+Added: $ ( 117,058 )
STATEMENT OF STOCKHOLDER’S DEFICIT
−Removed: FOR THREE-MONTH ENDED JUNE 1, 2020 AND AUGUST 31, 2020
+Added: FOR THE SIX-MONTH ENDED FROM JUNE 1, 2020 TO NOVEMBER 30, 2020
+Added: Number of shares
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
1 unchanged sentence
STATEMENTS OF CASH FLOWS
−Removed: For the three months ending
−Removed: For the three months ending
+Added: For the six months ending
+Added: For the six months ending
CASH FLOWS FROM OPERATING ACTIVITIES
18 unchanged sentences
NOTES TO FINANCIAL STATEMENTS
−Removed: AUGUST 31, 2021 (Un-Audited)
+Added: NOVEMBER 30, 2021 (Un-Audited)
NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION
4 unchanged sentences
To date the Company has generated no revenues from its business operations and has incurred operating losses since inception of $ 117,058 .
−Removed: As at August 31, 2021, the Company has a working capital deficit of $ 73,476 .
+Added: As at November 30, 2021, the Company has a working capital deficit of $ 98,302 .
The Company will require additional funding to meet its ongoing obligations and to fund anticipated operating losses.
2 unchanged sentences
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, 2021, 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, 2021, 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.
6 unchanged sentences
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, 2021 are not necessarily indicative of the results that may be expected for the year ending May 31, 2022.
+Added: Operating results for the six-months ended November 30, 2021 are not necessarily indicative of the results that may be expected for the year ending May 31, 2022.
Use of Estimates and Assumptions
10 unchanged sentences
NOTES TO FINANCIAL STATEMENTS
−Removed: AUGUST 31, 2021 (Un-Audited)
+Added: NOVEMBER 30, 2021 (Un-Audited)
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, 2021, there were no common stock equivalents outstanding.
+Added: As of November 30, 2021, 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, 2021 the Company had not adopted a stock option plan nor had it granted any stock options.
+Added: As at November 30, 2021 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.
−Removed: NOTES TO FINANCIAL STATEMENTS
−Removed: AUGUST 31, 2021 (Un-Audited)
NOTE 3 – COMMON STOCK
9 unchanged sentences
All references in these financial statements to number of common shares, price per share and weighted average number of shares outstanding prior to the 50:1 forward split have been adjusted to reflect the stock split on a retroactive basis, unless otherwise noted.
−Removed: NOTE 4 – PREPAID EXPENSES
−Removed: As of August 31, 2021, the prepaid balance on our Balance Sheets is as follows;
−Removed: Deposit Trust Company (DTC) - $ 20,000
NOTE 4 – RELATED PARTY TRANSACTIONS
−Removed: During the year ended August 31, 2021 the CEO, Reymund Guillermo, paid expenses of $ 5,941 on behalf of the Company for the period.
−Removed: Total amount owed to the CEO as of August 31, 2021 is $ 87,340 (May 31, 2021- $ 81,398 ).
+Added: During the six-month period ended November 30, 2021 the CEO, Reymund Guillermo, paid expenses of $ 8,545 on behalf of the Company for the period.
+Added: Total amount owed to the CEO as of November 30, 2021 is $ 89,943 (May 31, 2021- $ 81,398 ).
The amounts due to 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.