$AWCA
Awaysis Capital, Inc.

2022 Q3 Form 10-Q Financial Statement

#000149315222033092 Filed on November 21, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q3
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $398.7K $92.34K $18.60K
YoY Change 2043.31%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $214.00 $0.00
YoY Change
% of Gross Profit
Operating Expenses $398.7K $92.34K $18.24K
YoY Change 2086.21% 2939.17%
Operating Profit -$398.7K -$18.24K
YoY Change 2086.21% 2939.17%
Interest Expense $0.00 $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$363.00
YoY Change -33.03%
Pretax Income -$398.7K -$92.34K -$18.60K
YoY Change 2043.54% 1528.55%
Income Tax
% Of Pretax Income
Net Earnings -$398.7K -$92.34K -$18.60K
YoY Change 2043.54% 1528.55%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 99.87M shares 98.88M shares
Diluted Shares Outstanding 99.87M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.43K $482.0K
YoY Change
Cash & Equivalents $19.43K $482.0K
Short-Term Investments
Other Short-Term Assets $5.950K $2.500K $4.330K
YoY Change 37.41%
Inventory $11.41M $11.41M
Prepaid Expenses $5.946K $2.500K $4.325K
Receivables
Other Receivables
Total Short-Term Assets $11.43M $11.89M $4.325K
YoY Change 264290.22% 5946882.5%
LONG-TERM ASSETS
Property, Plant & Equipment $37.66K $22.15K $0.00
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $14.50K
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $428.8K $22.15K $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $11.43M $11.89M $4.325K
Total Long-Term Assets $428.8K $22.15K $0.00
Total Assets $11.86M $11.92M $4.325K
YoY Change 274205.23% 5957955.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $166.6K $41.97K $16.90K
YoY Change 885.33% 113.7%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.600M $2.880M $25.46K
YoY Change 10112.1%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.799M $2.934M $48.29K
YoY Change 5697.26% 11379.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $298.8K
YoY Change
Total Long-Term Liabilities $298.8K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.799M $2.934M $48.29K
Total Long-Term Liabilities $298.8K $0.00
Total Liabilities $3.098M $2.934M $48.29K
YoY Change 6316.08% 11379.35%
SHAREHOLDERS EQUITY
Retained Earnings -$1.653M -$1.254M -$1.033M
YoY Change 60.02% 23.65%
Common Stock $1.002M $997.5K $988.8K
YoY Change 1.35% 0.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.766M $8.982M -$43.96K
YoY Change
Total Liabilities & Shareholders Equity $11.86M $11.92M $4.325K
YoY Change 274205.23% 5957955.0%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q3
OPERATING ACTIVITIES
Net Income -$398.7K -$92.34K -$18.60K
YoY Change 2043.54% 1528.55%
Depreciation, Depletion And Amortization $214.00 $0.00
YoY Change
Cash From Operating Activities -$287.0K -$106.3K -$25.46K
YoY Change 1027.38%
INVESTING ACTIVITIES
Capital Expenditures $15.73K $22.15K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$15.73K -$22.15K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $100.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$159.8K 610.4K $25.46K
YoY Change -727.56%
NET CHANGE
Cash From Operating Activities -$287.0K -106.3K -$25.46K
Cash From Investing Activities -$15.73K -22.15K
Cash From Financing Activities -$159.8K 610.4K $25.46K
Net Change In Cash -$462.5K 482.0K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$287.0K -$106.3K -$25.46K
Capital Expenditures $15.73K $22.15K
Free Cash Flow -$302.8K -$128.4K -$25.46K
YoY Change 1089.15%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
usd
CY2022Q3 dei Entity Central Index Key
EntityCentralIndexKey
0001021917
CY2022Q3 dei Amendment Flag
AmendmentFlag
false
CY2022Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2022Q2 us-gaap Security Deposit
SecurityDeposit
usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
usd
CY2022Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
usd
CY2022Q3 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
usd
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
usd
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
usd
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021Q3 us-gaap Depreciation
Depreciation
usd
CY2021Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
usd
CY2021Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
CY2021Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
usd
CY2021Q3 us-gaap Depreciation
Depreciation
usd
CY2022Q3 dei Document Type
DocumentType
10-Q
CY2022Q3 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q3 dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
CY2022Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022Q3 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q3 dei Entity File Number
EntityFileNumber
000-21477
CY2022Q3 dei Entity Registrant Name
EntityRegistrantName
AWAYSIS CAPITAL, INC.
CY2022Q3 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022Q3 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
27-0514566
CY2022Q3 dei Entity Address Address Line1
EntityAddressAddressLine1
3400 Lakeside Drive
CY2022Q3 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 100
CY2022Q3 dei Entity Address City Or Town
EntityAddressCityOrTown
Miramar
CY2022Q3 dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
CY2022Q3 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
33027
CY2022Q3 dei City Area Code
CityAreaCode
(855)
CY2022Q3 dei Local Phone Number
LocalPhoneNumber
795-3311
CY2022Q3 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q3 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q3 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022Q3 dei Entity Small Business
EntitySmallBusiness
true
CY2022Q3 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022Q3 dei Entity Shell Company
EntityShellCompany
false
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
100218322 shares
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
19431 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
481965 usd
CY2022Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
5946 usd
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2500 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
11409500 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
11409500 usd
CY2022Q3 us-gaap Assets Current
AssetsCurrent
11434877 usd
CY2022Q2 us-gaap Assets Current
AssetsCurrent
11893965 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
37657 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22145 usd
CY2022Q3 us-gaap Security Deposit
SecurityDeposit
14500 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
376667 usd
CY2022Q3 us-gaap Assets Noncurrent
AssetsNoncurrent
428824 usd
CY2022Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
22145 usd
CY2022Q3 us-gaap Assets
Assets
11863701 usd
CY2022Q2 us-gaap Assets
Assets
11916110 usd
CY2022Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
166547 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
41970 usd
CY2022Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
32720 usd
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
12497 usd
CY2022Q3 us-gaap Notes Payable Current
NotesPayableCurrent
2600000 usd
CY2022Q2 us-gaap Notes Payable Current
NotesPayableCurrent
2880000 usd
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
2799267 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
2934467 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
298803 usd
CY2022Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
298803 usd
CY2022Q3 us-gaap Liabilities
Liabilities
3098070 usd
CY2022Q2 us-gaap Liabilities
Liabilities
2934467 usd
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
100218322 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
100218322 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
99748541 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
99748541 shares
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
1002184 usd
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
997486 usd
CY2022Q3 AWCA Common Stock Subscriptions Par Or Stated Value Per Share
CommonStockSubscriptionsParOrStatedValuePerShare
0.01
CY2022Q2 AWCA Common Stock Subscriptions Par Or Stated Value Per Share
CommonStockSubscriptionsParOrStatedValuePerShare
0.01
CY2022Q3 us-gaap Common Stock Shares Subscribed But Unissued
CommonStockSharesSubscribedButUnissued
58056334 shares
CY2022Q2 us-gaap Common Stock Shares Subscribed But Unissued
CommonStockSharesSubscribedButUnissued
0 shares
CY2022Q3 us-gaap Common Stock Shares Subscriptions
CommonStockSharesSubscriptions
580563 usd
CY2022Q2 us-gaap Common Stock Shares Subscriptions
CommonStockSharesSubscriptions
580563 usd
CY2022Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
10028551 usd
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
9850605 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1652667 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1254011 usd
CY2022Q3 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
1193000 usd
CY2022Q2 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
1193000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
8765631 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
8981643 usd
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
11863701 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
11916110 usd
CY2022Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
67512 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
331144 usd
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
18598 usd
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
398656 usd
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
18598 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-398656 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-18598 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-398656 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-18598 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-398656 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-18598 usd
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99874836 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98879655 shares
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
8981643 usd
CY2022Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
82644 usd
CY2022Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1.00
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
100000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-398656 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
8765631 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-25363 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-25363 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-18598 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-43961 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-43961 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-398656 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-18598 usd
CY2022Q3 us-gaap Depreciation
Depreciation
214 usd
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
82644 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
7321 usd
CY2022Q3 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
3446 usd
CY2021Q3 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
4125 usd
CY2022Q3 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-14500 usd
CY2022Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
42407 usd
CY2021Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2737 usd
CY2022Q3 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-3015 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-287031 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-25460 usd
CY2022Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15726 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15726 usd
CY2022Q3 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
20223 usd
CY2021Q3 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
25460 usd
CY2022Q3 us-gaap Repayments Of Debt
RepaymentsOfDebt
280000 usd
CY2022Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
100000 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-159777 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
25460 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-462534 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
481965 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
19431 usd
CY2022Q3 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80E_eus-gaap--NatureOfOperations_z0jrMQXl7ccg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_829_z22LYJqHare8">NATURE OF OPERATIONS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Nature of Business</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Awaysis Capital, Inc., a Delaware corporation, (“Awaysis”, “the Company”, “we”, “us” or “our’) is real estate investment and management company focused on acquisition, construction, selling and managing rentals of residential vacation home communities in desirable travel destinations. We seek to create value through the targeting and acquisition, development, and up-cycling, rebranding, and repositioning of currently undervalued operating and shovel ready residential/resort communities in global travel destinations, with the intention to relaunch these assets under the “Awaysis” brand with the goals of creating a network of residential and resort enclave communities that will optimize both sales and rental revenues, providing attractive returns to owners and exceptional vacation experiences to travelers.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In March 2020 the World Health Organization declared COVID-19 a pandemic. The Company is still assessing the impact COVID-19 may have on its business, but there can be no assurance that this analysis will enable the Company to avoid part or all of any impact from the spread of COVID-19 or its consequences, including downturns in business sentiment generally. The extent to which the COVID-19 pandemic and global efforts to contain its spread will impact the Company’s operations will depend on future developments, which are highly uncertain and cannot be predicted at this time, and include the duration, severity and scope of the pandemic and the actions taken to contain or treat the COVID-19 pandemic.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We currently have not been directly impacted by the Covid-19 outbreak due to our limited operations. However, management believes the effect of the pandemic outbreak on the global economy has driven demand for vacation home ownership and remote work at home while travelling. The Company believes that this will enhance its ability to raise funding for working capital and other needs and to attract an experienced management team to take advantage of the opportunities for growth.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
100218322 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
100218322 shares
CY2022Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
82644 usd
CY2022Q3 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_843_eus-gaap--UseOfEstimates_zZw0dHE13qgc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_862_zV4mlQsv8xX3">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with GAAP 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
19431 usd
CY2022Q3 us-gaap Common Stock Shares Subscribed But Unissued
CommonStockSharesSubscribedButUnissued
58056334 shares
CY2022Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
82644 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
90588 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
92220 usd
CY2022Q3 AWCA Lessee Operating Lease Liability Payments Due After Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFour
31113 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
450880 usd
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.50 pure
CY2022Q3 us-gaap Inventory Net
InventoryNet
11409500 usd
CY2022Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
10500 usd
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
214 usd
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
-0 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
37657 usd
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
0 usd
CY2022Q3 us-gaap Depreciation
Depreciation
214 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
69907 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
380973 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
82170 usd
CY2022Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
166547 usd
CY2021Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
16903 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
82170 usd
CY2022Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
32720 usd
CY2021Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
5923 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
11409500 usd
CY2022Q3 us-gaap Notes Payable Current
NotesPayableCurrent
2600000 usd
CY2021Q3 us-gaap Notes Payable Current
NotesPayableCurrent
0 usd
CY2022Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P5Y
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
60491 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
87465 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
89003 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
298803 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
7321 usd
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
0 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y1M6D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.070 pure
CY2022Q3 us-gaap Legal Fees
LegalFees
0 usd
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01

Files In Submission

Name View Source Status
0001493152-22-033092-index-headers.html Edgar Link pending
0001493152-22-033092-index.html Edgar Link pending
0001493152-22-033092.txt Edgar Link pending
0001493152-22-033092-xbrl.zip Edgar Link pending
awca-20220930.xsd Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
form10-q_001.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
awca-20220930_cal.xml Edgar Link unprocessable
awca-20220930_def.xml Edgar Link unprocessable
awca-20220930_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
awca-20220930_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending