v3.23.1
Note 6 - Shareholder Equity
9 Months Ended
Apr. 30, 2023
Equity [Abstract]  
Note 6 - Shareholder Equity

Note 6 - Shareholder Equity

 

Preferred Stock

 

The authorized preferred stock of the Company consists of 20,000,000 shares with a par value of $0.001 as of April 30, 2023. There were no shares of preferred stock issued and outstanding as of April 30, 2023 and July 31, 2022.

  

Common Stock

 

The authorized common stock of the Company consists of 1,000,000,000 shares with a par value of $0.001 as of April 30, 2023. There were 611,600,000 and no shares of common stock issued and outstanding as of April 30, 2023 and July 31, 2022, respectively. 

 

On November 15, 2022, the Company underwent a reorganization whereby it merged, via a Merger Sub with Luboa Group, Inc. (“Predecessor”). After the reorganization, each share of Predecessor’s common stock issued and outstanding immediately prior to the Effective Time was converted into one validly issued, fully paid and non-assessable share of the Company’s common stock. The controlling shareholder of the Company (at the time) was CRS Consulting, LLC, a Wyoming limited liability company controlled by Jeffrey DeNunzio, Thomas DeNunzio and Paul Moody. CRS Consulting, LLC (at the time) was the beneficial holder of a total of 500,000,000 shares of Common Stock of the Company representing approximately 81.75% voting control of the Company. Paul Moody was the same officer/director of the Predecessor and Merger Sub. (see Note 1).

   

Additional Paid-In Capital

 

The Company’s former sole officer and director, Paul Moody, paid expenses on behalf of the company totaling $6,700 during the period ended April 30, 2023.

 

The Company’s former sole officer and director, Thomas DeNunzio, paid expenses on behalf of the company totaling $8,635 during the period ended July 31, 2022.

 

The Company’s former sole officer and director, Thomas DeNunzio, paid expenses on behalf of the company totaling $960 during the period ended July 31, 2021.

 

The $16,295 in total payments are considered contributions to the company with no expectation of repayment and are posted as additional paid-in capital.