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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 8/03/22 Elektor Industries Inc. 10-Q 6/30/22 31:1.1M Discount Edgar/FA |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 222K 2: EX-31.1 Certification -- §302 - SOA'02 HTML 16K 3: EX-32.1 Certification -- §906 - SOA'02 HTML 13K 9: R1 Cover HTML 60K 10: R2 Balance Sheet HTML 79K 11: R3 Balance Sheet (Parenthetical) HTML 29K 12: R4 Statement of Operations (Unaudited) HTML 50K 13: R5 Statement of Stockholders Deficit (Unaudited) HTML 35K 14: R6 Statement of Cash Flows (Unaudited) HTML 52K 15: R7 Organization and Nature of Business HTML 14K 16: R8 Going Concern HTML 14K 17: R9 Summary of Significant Accounting Policies HTML 23K 18: R10 Related Party Transactions HTML 15K 19: R11 Stockholders Equity HTML 19K 20: R12 Subsequent Events HTML 14K 21: R13 Summary of Significant Accounting Policies HTML 45K (Policies) 22: R14 Organization and Nature of Business (Details HTML 12K Narrative) 23: R15 Going Concern (Details Narrative) HTML 19K 24: R16 Summary of Significant Accounting Policies HTML 15K (Details Narrative) 25: R17 Related Party Transactions (Details Narrative) HTML 21K 26: R18 Stockholders Equity (Details Narrative) HTML 32K 29: XML IDEA XML File -- Filing Summary XML 46K 27: XML XBRL Instance -- eii_10q_htm XML 152K 28: EXCEL IDEA Workbook of Financial Reports XLSX 34K 6: EX-101.CAL XBRL Calculations -- eii-20220630_cal XML 55K 8: EX-101.DEF XBRL Definitions -- eii-20220630_def XML 68K 5: EX-101.LAB XBRL Labels -- eii-20220630_lab XML 241K 7: EX-101.PRE XBRL Presentations -- eii-20220630_pre XML 183K 4: EX-101.SCH XBRL Schema -- eii-20220630 XSD 49K 30: JSON XBRL Instance as JSON Data -- MetaLinks 112± 154K 31: ZIP XBRL Zipped Folder -- 0001477932-22-005585-xbrl Zip 56K
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<instant> 2021-12-31 </instant> | |||||||||||||||||||||
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<identifier scheme="http://www.sec.gov/CIK"> 0001912331 </identifier> | |||||||||||||||||||||
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<identifier scheme="http://www.sec.gov/CIK"> 0001912331 </identifier> | |||||||||||||||||||||
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<identifier scheme="http://www.sec.gov/CIK"> 0001912331 </identifier> | |||||||||||||||||||||
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<identifier scheme="http://www.sec.gov/CIK"> 0001912331 </identifier> | |||||||||||||||||||||
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<dei:EntityRegistrantName contextRef="From2022-01-01to2022-06-30"> ELEKTOR INDUSTRIES INC. </dei:EntityRegistrantName> | |||||||||||||||||||||
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<us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock contextRef="From2022-01-01to2022-06-30" id="fid_199"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS</strong></p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Elektor Industries Inc (“the Company”) was incorporated on July 16, 2021, in the State of Wyoming. We are in the business of solar powered water pumps.</p> </us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock> | |||||||||||||||||||||
<eii:EntityIncorporationDateOfIncorporations contextRef="From2022-01-01to2022-06-30" id="fid_228"> 2021-07-16 </eii:EntityIncorporationDateOfIncorporations> | |||||||||||||||||||||
<us-gaap:SubstantialDoubtAboutGoingConcernTextBlock contextRef="From2022-01-01to2022-06-30" id="fid_200"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 2 – GOING CONCERN</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. As a development-stage company, the Company had no revenues and incurred losses as of June 30, 2022. The Company currently has limited working capital and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.</p> </us-gaap:SubstantialDoubtAboutGoingConcernTextBlock> | |||||||||||||||||||||
<us-gaap:SignificantAccountingPoliciesTextBlock contextRef="From2022-01-01to2022-06-30" id="fid_232"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><span style="text-decoration:underline">Basis of presentation</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the period ended June 30, 2022.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><span style="text-decoration:underline">Cash and Cash Equivalents</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $333 of cash as of June 30, 2022.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><span style="text-decoration:underline">Income Taxes</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes”. The asset and liability method provides that deferred income tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred income tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred income tax assets to the amount that is believed more likely than not to be realized.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"><em><span style="text-decoration:underline">Revenue Recognition</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">We recognize revenue in accordance with ASC 606, <em>Revenue from Contracts with Customers</em>. The standard’s stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><span style="text-decoration:underline">Use of Estimates</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><span style="text-decoration:underline">Fair Value of Financial Instruments</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">AS topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">These tiers include:</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Level 1: defined as observable inputs such as quoted prices in active markets;</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The carrying value of cash approximates its fair value due to its short-term maturity.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><span style="text-decoration:underline">Stock-Based Compensation</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><span style="text-decoration:underline">Basic Income (Loss) Per Share</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><span style="text-decoration:underline">Comprehensive Income</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">ASC 220, “Comprehensive Income” establishes standards for the reporting and display of comprehensive income and its components in the financial statements. As at June 30, 2022, the Company had no items that affected comprehensive loss.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"><em><span style="text-decoration:underline">Foreign Currency Translation </span></em></p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company’s functional and reporting currency is the U.S. dollar. Transactions may occur in foreign currencies and management has adopted ASC 830, “Foreign Currency Translation Matters”. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the statement of operations.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><span style="text-decoration:underline">Recent Accounting Pronouncements</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.</p> </us-gaap:SignificantAccountingPoliciesTextBlock> | |||||||||||||||||||||
<us-gaap:BasisOfAccountingPolicyPolicyTextBlock contextRef="From2022-01-01to2022-06-30" id="fid_205"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the period ended June 30, 2022.</p> </us-gaap:BasisOfAccountingPolicyPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:CashAndCashEquivalentsPolicyTextBlock contextRef="From2022-01-01to2022-06-30" id="fid_210"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $333 of cash as of June 30, 2022.</p> </us-gaap:CashAndCashEquivalentsPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:Cash contextRef="AsOf2022-06-30" decimals="0" id="fid_179" unitRef="USD"> 333 </us-gaap:Cash> | |||||||||||||||||||||
<us-gaap:IncomeTaxPolicyTextBlock contextRef="From2022-01-01to2022-06-30" id="fid_211"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes”. The asset and liability method provides that deferred income tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred income tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred income tax assets to the amount that is believed more likely than not to be realized.</p> </us-gaap:IncomeTaxPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:RevenueRecognitionPolicyTextBlock contextRef="From2022-01-01to2022-06-30" id="fid_206"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">We recognize revenue in accordance with ASC 606, <em>Revenue from Contracts with Customers</em>. The standard’s stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation. </p> </us-gaap:RevenueRecognitionPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:UseOfEstimates contextRef="From2022-01-01to2022-06-30" id="fid_209"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> </us-gaap:UseOfEstimates> | |||||||||||||||||||||
<us-gaap:FairValueOfFinancialInstrumentsPolicy contextRef="From2022-01-01to2022-06-30" id="fid_208"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">AS topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">These tiers include:</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Level 1: defined as observable inputs such as quoted prices in active markets;</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The carrying value of cash approximates its fair value due to its short-term maturity.</p> </us-gaap:FairValueOfFinancialInstrumentsPolicy> | |||||||||||||||||||||
<us-gaap:CompensationRelatedCostsPolicyTextBlock contextRef="From2022-01-01to2022-06-30" id="fid_221"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.</p> </us-gaap:CompensationRelatedCostsPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:EarningsPerSharePolicyTextBlock contextRef="From2022-01-01to2022-06-30" id="fid_222"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.</p> </us-gaap:EarningsPerSharePolicyTextBlock> | |||||||||||||||||||||
<us-gaap:ComprehensiveIncomePolicyPolicyTextBlock contextRef="From2022-01-01to2022-06-30" id="fid_223"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">ASC 220, “Comprehensive Income” establishes standards for the reporting and display of comprehensive income and its components in the financial statements. As at June 30, 2022, the Company had no items that affected comprehensive loss.</p> </us-gaap:ComprehensiveIncomePolicyPolicyTextBlock> | |||||||||||||||||||||
<eii:ComprehnsiveIncomeDescription contextRef="From2022-01-01to2022-06-30" id="fid_180"> the Company had no items that affected comprehensive loss. </eii:ComprehnsiveIncomeDescription> | |||||||||||||||||||||
<us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock contextRef="From2022-01-01to2022-06-30" id="fid_224"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company’s functional and reporting currency is the U.S. dollar. Transactions may occur in foreign currencies and management has adopted ASC 830, “Foreign Currency Translation Matters”. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the statement of operations.</p> </us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock contextRef="From2022-01-01to2022-06-30" id="fid_207"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.</p> </us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="From2022-01-01to2022-06-30" id="fid_202"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 4 – RELATED PARTY TRANSACTIONS</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>Due to related party </em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">As at June 30, 2022 and December 31, 2021, the Company owed $21,356 and $11,258 respectively to Demetrios Malamas, founder and director of the Company, which is unsecured, non-interest bearing, and due on demand.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>Share issued to related party</em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On July 16, 2021, the company issued a total of 15,000,000 common shares to its founder and director, Demetrios Malamas for services provided to the Company, valued at a price of $0.001 per share.</p> </us-gaap:RelatedPartyTransactionsDisclosureTextBlock> | |||||||||||||||||||||
<us-gaap:DueToRelatedPartiesCurrent contextRef="AsOf2022-06-30_srt_DirectorMember" decimals="0" id="fid_97" unitRef="USD"> 21356 </us-gaap:DueToRelatedPartiesCurrent> | |||||||||||||||||||||
<us-gaap:DueToRelatedPartiesCurrent contextRef="AsOf2021-12-31_srt_DirectorMember" decimals="0" id="fid_98" unitRef="USD"> 11258 </us-gaap:DueToRelatedPartiesCurrent> | |||||||||||||||||||||
<us-gaap:CommonStockSharesIssued contextRef="AsOf2021-07-16_srt_DirectorMember" decimals="0" id="fid_99" unitRef="Shares"> 15000000 </us-gaap:CommonStockSharesIssued> | |||||||||||||||||||||
<us-gaap:CommonStockParOrStatedValuePerShare contextRef="AsOf2021-07-16_srt_DirectorMember" decimals="INF" id="fid_100" unitRef="USDPShares"> 0.001 </us-gaap:CommonStockParOrStatedValuePerShare> | |||||||||||||||||||||
<us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="From2022-01-01to2022-06-30" id="fid_203"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 5 – STOCKHOLDERS’ EQUITY</strong> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><span style="text-decoration:underline">Capital Stock</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">As of June 30, 2022, and December 31, 2021, the Company’s authorized stock consists of 200,000,000 shares of common stock at a par value of $0.0001 per share and 20,000,000 shares of preferred stock at a par value of $0.0001 per share, respectively.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><span style="text-decoration:underline">Preferred Stock</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">As of June 30, 2022, and December 31, 2021, the Company has no shares of preferred stock issued and outstanding, respectively.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><span style="text-decoration:underline">Common Stock</span></em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On July 16, 2021, the company issued a total of 15,000,000 common shares to its founder and director, Demetrios Malamas for services provided to the Company, valued at a price of $0.001 per share.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">As of June 30, 2022, and December 31, 2021, the Company has 15,000,000 shares of common stock issued and outstanding, respectively.</p> </us-gaap:StockholdersEquityNoteDisclosureTextBlock> | |||||||||||||||||||||
<us-gaap:CommonStockSharesAuthorized contextRef="AsOf2022-06-30_eii_CapitalStockMember" decimals="0" id="fid_181" unitRef="Shares"> 200000000 </us-gaap:CommonStockSharesAuthorized> | |||||||||||||||||||||
<us-gaap:CommonStockNoParValue contextRef="AsOf2022-06-30_eii_CapitalStockMember" decimals="INF" id="fid_183" unitRef="USDPShares"> 0.0001 </us-gaap:CommonStockNoParValue> | |||||||||||||||||||||
<us-gaap:PreferredStockSharesAuthorized contextRef="AsOf2022-06-30_eii_CapitalStockMember" decimals="0" id="fid_184" unitRef="Shares"> 20000000 </us-gaap:PreferredStockSharesAuthorized> | |||||||||||||||||||||
<us-gaap:PreferredStockParOrStatedValuePerShare contextRef="AsOf2022-06-30_eii_CapitalStockMember" decimals="INF" id="fid_185" unitRef="USDPShares"> 0.0001 </us-gaap:PreferredStockParOrStatedValuePerShare> | |||||||||||||||||||||
<us-gaap:CommonStockSharesIssued contextRef="AsOf2021-07-16_eii_DemetriosMalamasMember" decimals="0" id="fid_197" unitRef="Shares"> 15000000 </us-gaap:CommonStockSharesIssued> | |||||||||||||||||||||
<us-gaap:CommonStockNoParValue contextRef="AsOf2021-07-16_eii_DemetriosMalamasMember" decimals="INF" id="fid_198" unitRef="USDPShares"> 0.001 </us-gaap:CommonStockNoParValue> | |||||||||||||||||||||
<us-gaap:CommonStockSharesIssued contextRef="AsOf2022-06-30" decimals="0" id="fid_193" unitRef="Shares"> 15000000 </us-gaap:CommonStockSharesIssued> | |||||||||||||||||||||
<us-gaap:SubsequentEventsTextBlock contextRef="From2022-01-01to2022-06-30" id="fid_204"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 6 – SUBSEQUENT EVENTS</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company evaluated all events or transactions that occurred after June 30, 2022, through the date of filing this report. The Company determined that it does not have any subsequent event requiring recording or disclosure in the financial statements for the period ended June 30, 2022<strong>.</strong></p> </us-gaap:SubsequentEventsTextBlock> | |||||||||||||||||||||
</xbrl> |