Interups Inc
CIK:0001554947|SEC Filings
STATEMENTS OF OPERATIONS - USD ($) |
3 Months Ended | |
|---|---|---|
Aug. 31, 2016 |
Aug. 31, 2015 |
|
| Operating Expenses | ||
| Consulting fees | $ 338,739 | |
| Consulting fees - related parties | 672,144 | |
| General and administrative | 94,354 | 13,150 |
| Professional fees | 125,120 | |
| Total Operating Expenses | 1,230,357 | 13,150 |
| Net Loss Before Other Expense | (1,230,357) | (13,150) |
| Other Expense | ||
| Interest Expense | (11,691) | |
| Net Loss | $ (1,242,048) | $ (13,150) |
| Net Loss per Share - Basic and Diluted | $ (0.18) | $ 0.00 |
| Weighted Average Shares Outstanding - Basic and Diluted | 6,900,000 | 6,900,000 |
STATEMENTS OF CASH FLOWS - USD ($) |
3 Months Ended | |
|---|---|---|
Aug. 31, 2016 |
Aug. 31, 2015 |
|
| Operating Activities | ||
| Net loss | $ (1,242,048) | $ (13,150) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Common stock issuable for services incurred | 75 | |
| Changes in Operating Assets and Liabilities: | ||
| Prepaid expenses | 41,974 | |
| Accounts payable and accrued liabilities | 394,171 | 12,350 |
| Due to related parties | 392,642 | 800 |
| Net Cash Used In Operating Activities | (413,186) | |
| Financing Activities | ||
| Proceeds from related parties | 126,600 | |
| Proceeds from loans payable | 291,600 | |
| Net Cash Provided By Financing Activities | 418,200 | |
| Increase in Cash | 5,014 | |
| Cash - Beginning of Period | 7,197 | |
| Cash - End of Period | 12,211 | |
| Supplemental Disclosures | ||
| Interest paid | ||
| Income tax paid | ||
BALANCE SHEETS - USD ($) |
Aug. 31, 2016 |
May 31, 2016 |
|---|---|---|
| Current assets | ||
| Cash | $ 12,211 | $ 7,197 |
| Prepaid expenses | 28,824 | 70,798 |
| Total assets | 41,035 | 77,995 |
| Current liabilities | ||
| Accounts payable and accrued liabilities | 663,898 | 269,727 |
| Loans payable | 703,100 | 411,500 |
| Due to related parties | 1,118,108 | 598,866 |
| Total current liabilities | 2,485,106 | 1,280,093 |
| STOCKHOLDERS' DEFICIT | ||
| Common Stock Authorized: 75,000,000 common shares with a par value of $0.001 per share; Issued and outstanding: 6,900,000 common shares | 6,900 | 6,900 |
| Common Stock Issuable | 75 | |
| Additional paid-in capital | 40,437 | 40,437 |
| Accumulated deficit | (2,491,483) | (1,249,435) |
| Total Stockholders' Deficit | (2,444,071) | (1,202,098) |
| Total Liabilities and Stockholders' Deficit | $ 41,035 | $ 77,995 |