STAR WEALTH GROUP INC.
CIK:0001626696|SEC Filings
Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | |
|---|---|---|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
| Statements of Operations (Unaudited) | ||
| REVENUES | ||
| OPERATING EXPENSES | ||
| Professional fees | 1,180 | 13,111 |
| General and administrative | 3,000 | 3,000 |
| Total Operating Expenses | 4,180 | 16,111 |
| LOSS FROM OPERATIONS | (4,180) | (16,111) |
| LOSS BEFORE INCOME TAXES | (4,180) | (16,111) |
| PROVISION FOR INCOME TAXES | ||
| NET LOSS | $ (4,180) | $ (16,111) |
| BASIC AND DILUTED LOSS PER SHARE | $ (0.00) | $ (0.00) |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED | 49,248,800 | 29,737,000 |
Statements of Cash Flows (Unaudited) - USD ($) |
3 Months Ended | |
|---|---|---|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $ (4,180) | $ (16,111) |
| Changes in operating assets and liabilities: | ||
| Change in prepaid expenses | 3,000 | 5,561 |
| Change in accounts payable | 1,180 | (550) |
| Net Cash Used in Operating Activities | (11,100) | |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Loans from related parties | 11,100 | |
| Net Cash Provided by Financing Activities | 11,100 | |
| NET INCREASE IN CASH | ||
| CASH AT BEGINNING OF PERIOD | ||
| CASH AT END OF PERIOD | ||
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||
| CASH PAID FOR: Interest | ||
| CASH PAID FOR: Income Taxes | ||
Balance Sheets - USD ($) |
Dec. 31, 2019 |
Sep. 30, 2019 |
|---|---|---|
| CURRENT ASSETS | ||
| Cash | ||
| Prepaid expenses | 8,000 | 11,000 |
| Total Current Assets | 8,000 | 11,000 |
| TOTAL ASSETS | 8,000 | 11,000 |
| CURRENT LIABILITIES | ||
| Accounts payable | 2,519 | 1,339 |
| Loans from related parties | 49,484 | 49,484 |
| Total Current Liabilities | 52,003 | 50,823 |
| STOCKHOLDERS' DEFICIT | ||
| Common stock, par value $0.001; 75,000,000 shares authorized 49,248,800 shares issued and outstanding. | 49,249 | 49,249 |
| Additional paid-in capital | 197,440 | 197,440 |
| Accumulated deficit | (290,692) | (286,512) |
| Total Stockholders' Deficit | (44,003) | (39,823) |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 8,000 | $ 11,000 |