2021 Q1 Form 10-Q Financial Statement
#000164033421001521 Filed on July 09, 2021
Income Statement
Concept | 2021 Q1 | 2020 Q3 | 2020 Q1 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $3.940K | $127.6K | $4.380K |
YoY Change | -10.05% | 403.35% | -79.78% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $3.940K | $127.6K | $4.375K |
YoY Change | -9.94% | 403.35% | -79.8% |
Operating Profit | -$3.940K | -$4.375K | |
YoY Change | -9.94% | ||
Interest Expense | $15.12K | -$14.50K | -$70.61K |
YoY Change | -121.42% | -79.46% | -8.38% |
% of Operating Profit | |||
Other Income/Expense, Net | -$15.12K | -$70.61K | |
YoY Change | -78.58% | ||
Pretax Income | -$19.06K | -$142.1K | -$74.99K |
YoY Change | -74.58% | 48.07% | -24.05% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$19.06K | -$142.1K | -$74.99K |
YoY Change | -74.58% | 48.07% | -86.12% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$238.90 | -$1.781K | -$939.80 |
COMMON SHARES | |||
Basic Shares Outstanding | 79.79M shares | 79.79M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2021 Q1 | 2020 Q3 | 2020 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $850.00 | $1.030K | $1.400K |
YoY Change | -39.29% | -44.32% | -73.53% |
Cash & Equivalents | $845.00 | $1.025K | $1.400K |
Short-Term Investments | |||
Other Short-Term Assets | $5.000K | ||
YoY Change | |||
Inventory | |||
Prepaid Expenses | $5.000K | $0.00 | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $5.845K | $1.025K | $1.400K |
YoY Change | 317.5% | -44.59% | -99.24% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $5.845K | $1.025K | $1.400K |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $5.845K | $1.025K | $1.400K |
YoY Change | 317.5% | -44.59% | -99.24% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $72.58K | $52.22K | |
YoY Change | 21.82% | 92.48% | |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $598.9K | $568.7K | $512.3K |
YoY Change | 16.9% | 53.24% | 120.67% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $897.0K | $854.1K | $764.2K |
YoY Change | 17.37% | 38.9% | 48.66% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $897.0K | $854.1K | $764.2K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $897.0K | $854.1K | $764.2K |
YoY Change | 17.37% | 38.9% | 48.66% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$12.75M | -$12.71M | |
YoY Change | 2.91% | ||
Common Stock | $11.74M | $11.74M | |
YoY Change | 0.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$891.2K | -$853.0K | -$762.8K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $5.845K | $1.025K | $1.400K |
YoY Change | 317.5% | -44.59% | -99.24% |
Cashflow Statement
Concept | 2021 Q1 | 2020 Q3 | 2020 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$19.06K | -$142.1K | -$74.99K |
YoY Change | -74.58% | 48.07% | -86.12% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$90.00 | -$90.00 | -$220.00 |
YoY Change | -59.09% | -64.0% | -96.65% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | |||
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -90.00 | -90.00 | -220.0 |
Cash From Investing Activities | |||
Cash From Financing Activities | |||
Net Change In Cash | -90.00 | -90.00 | -220.0 |
YoY Change | -59.09% | -64.0% | -96.65% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$90.00 | -$90.00 | -$220.00 |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2021Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
56808953 | shares |
CY2021Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
845 | USD |
CY2020Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1025 | USD |
CY2021Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
5000 | USD |
CY2020Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
0 | USD |
CY2021Q1 | us-gaap |
Assets Current
AssetsCurrent
|
5845 | USD |
CY2020Q3 | us-gaap |
Assets Current
AssetsCurrent
|
1025 | USD |
CY2021Q1 | us-gaap |
Assets
Assets
|
5845 | USD |
CY2020Q3 | us-gaap |
Assets
Assets
|
1025 | USD |
CY2021Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
65776 | USD |
CY2020Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
72576 | USD |
CY2021Q1 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
212816 | USD |
CY2020Q3 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
193316 | USD |
CY2021Q1 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
598905 | USD |
us-gaap |
Revenues
Revenues
|
0 | USD | |
CY2021Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
90 | USD |
CY2020Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
425 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
180 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
650 | USD | |
CY2021Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
3850 | USD |
CY2020Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
3950 | USD |
us-gaap |
Professional Fees
ProfessionalFees
|
7700 | USD | |
us-gaap |
Professional Fees
ProfessionalFees
|
7938 | USD | |
CY2021Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
3940 | USD |
CY2020Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
4375 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
7880 | USD | |
us-gaap |
Operating Expenses
OperatingExpenses
|
8588 | USD | |
CY2021Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3940 | USD |
CY2020Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4375 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-7880 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8588 | USD | |
CY2021Q1 | jrvs |
Interest And Accretion On Convertible Notes
InterestAndAccretionOnConvertibleNotes
|
15123 | USD |
CY2020Q1 | jrvs |
Interest And Accretion On Convertible Notes
InterestAndAccretionOnConvertibleNotes
|
70614 | USD |
jrvs |
Interest And Accretion On Convertible Notes
InterestAndAccretionOnConvertibleNotes
|
30246 | USD | |
CY2020Q3 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
568659 | USD |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
25000000 | shares | |
jrvs |
Interest And Accretion On Convertible Notes
InterestAndAccretionOnConvertibleNotes
|
141227 | USD | |
CY2021Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-15123 | USD |
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
19500 | USD | |
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
15500 | USD | |
CY2021Q1 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
212816 | USD |
CY2020Q3 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
193316 | USD |
CY2021Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-12751207 | USD |
CY2021Q1 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
19500 | USD |
CY2020Q3 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
19500 | USD |
CY2021Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
896997 | USD |
CY2020Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
854051 | USD |
CY2021Q1 | us-gaap |
Liabilities
Liabilities
|
896997 | USD |
CY2020Q3 | us-gaap |
Liabilities
Liabilities
|
854051 | USD |
CY2021Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
300000000 | shares |
CY2021Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
79792286 | shares |
CY2021Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
79792 | USD |
CY2020Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
79792 | USD |
CY2021Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
11660263 | USD |
CY2020Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
11660263 | USD |
CY2021Q1 | jrvs |
Common Stock To Be Issued
CommonStockToBeIssued
|
120000 | USD |
CY2020Q3 | jrvs |
Common Stock To Be Issued
CommonStockToBeIssued
|
120000 | USD |
CY2021Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-12751207 | USD |
CY2020Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-12713081 | USD |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-891152 | USD |
CY2020Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-853026 | USD |
CY2021Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
5845 | USD |
CY2020Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1025 | USD |
CY2021Q1 | us-gaap |
Revenues
Revenues
|
0 | USD |
CY2020Q1 | us-gaap |
Revenues
Revenues
|
0 | USD |
us-gaap |
Revenues
Revenues
|
0 | USD | |
CY2020Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-70614 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-30246 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-141227 | USD | |
CY2021Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-19063 | USD |
CY2020Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-74989 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-38126 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-149815 | USD | |
CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2020Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
us-gaap |
Debt Conversion Original Debt Interest Rate Of Debt
DebtConversionOriginalDebtInterestRateOfDebt
|
0.12 | pure | |
us-gaap |
Interest Expense
InterestExpense
|
12602 | USD | |
CY2021Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
500000 | USD |
CY2021Q1 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
0 | USD |
CY2020Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
500000 | USD |
CY2021Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
500000 | USD |
CY2021Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
98905 | USD |
CY2020Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
68659 | USD |
CY2021Q1 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
598905 | USD |
CY2020Q3 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
568659 | USD |
us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.05 | pure | |
CY2020Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
500000 | USD |
CY2020Q3 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
0 | USD |
us-gaap |
Interest Expense
InterestExpense
|
30246 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-38126 | USD | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | USD | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
128625 | USD | |
CY2021Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
300000000 | shares |
CY2021Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19063 | USD |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-891152 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD | |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19063 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-74989 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-38126 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-149815 | USD | |
CY2021Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.00 | |
CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
79792286 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
79792286 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
79792286 | shares | |
CY2020Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-853026 | USD |
CY2020Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19063 | USD |
CY2020Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.00 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.00 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.00 | ||
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
79792286 | shares |
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
19500 | USD | |
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
15500 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-180 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-450 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-180 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-450 | USD | |
CY2020Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1025 | USD |
CY2019Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1850 | USD |
CY2021Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
845 | USD |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1400 | USD |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD | |
CY2019Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-613027 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-687853 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-74989 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-762842 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-38126 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-149815 | USD | |
us-gaap |
Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
|
30246 | USD | |
us-gaap |
Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
|
141227 | USD | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-5000 | USD | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
0 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-6800 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-7362 | USD | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS</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;">iMine Corporation (the “Company”) is a Nevada corporation incorporated on October 26, 2010, under the name Oconn Industries. The Company’s name was changed to Oconn Industries Corp. on February 16, 2012, to Diamante Minerals, Inc. on April 1, 2014 and to iMine Corporation on March 20, 2018. The change of name to iMine Corporation was effective through the merger of the Company’s wholly owned subsidiary, iMine Corporation, into the Company. The Company has one subsidiary, iMine Corporation, an Indiana corporation, which is inactive.</p> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America 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 amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s periodic filings with the SEC include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company.</p> | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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28000000 | shares | |
us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
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22983333 | shares |