Alternative Investment (AIKO) 10-Q24 Aug 202020 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Jun. 30, 2020	Aug. 18, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2020
Current Fiscal Year End Date	--09-30
Entity File Number	001-34858
Entity Registrant Name	Alternative Investment Corp
Entity Central Index Key	0001405660
Entity Incorporation, State or Country Code	NV
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Entity Common Stock, Shares Outstanding		431,991

Condensed Balance Sheets (Unaud

Condensed Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2020	Sep. 30, 2019
Current assets:
Cash and cash equivalents	$ 1,949	$ 3,218
Miscellaneous receivable other, net		366
Total current assets	1,949	3,584
Total assets	1,949	3,584
Current liabilities:
Accounts payable	266,597	175,341
Accrued expense	75,280	58,054
Line of credit, related party, current portion, net	269,286	192,961
Loan payable, short-term, related party	136,000	136,000
Accrued interest, including related party	88,229	56,531
Amount due to shareholder, related party	231,973	231,973
Total current liabilities	1,067,365	850,860
Line of credit, related party, net of current portion	143,763	137,386
Total liabilities	1,211,128	988,246
Stockholders' deficit:
Common stock	432	432
Additional paid-in capital	1,223,824	1,218,529
Treasury stock, at cost	(80)	(80)
Accumulated deficit	(2,433,355)	(2,203,543)
Total stockholders' deficit	(1,209,179)	(984,662)
Total liabilities and stockholders' deficit	$ 1,949	$ 3,584

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Sep. 30, 2019
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	1,600,000,000	1,600,000,000
Common stock, shares issued	432,192	431,991
Common stock, shares outstanding	432,192	431,991

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
Condensed Statements of Operations (Unaudited) - USD ($)	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Revenue
Cost of revenue
Gross profit
Operating expenses:
General and administrative expenses	48,752	77,665	167,169	188,256
Professional fees	5,500	5,500	21,540	25,500
Total operating expenses	54,252	83,165	188,709	213,756
Loss from operations	(54,252)	(83,165)	(188,709)	(213,756)
Other income (expense)
Interest income		3,887		8,839
Interest expense	(15,273)	(20,256)	(41,103)	(33,124)
Total other income (expense)	(15,273)	(16,369)	(41,103)	(24,285)
Loss before income taxes	(69,525)	(99,534)	(229,812)	(238,041)
Provision for income taxes
Net loss	$ (69,525)	$ (99,534)	$ (229,812)	$ (238,041)
Net loss per share - basic and diluted	$ (0.16)	$ (0.23)	$ (0.53)	$ (0.55)
Weighted average number of shares outstanding - Basic and Diluted	431,991	431,991	431,991	431,991

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
Condensed Statements of Cash Flows (Unaudited) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net loss	$ (229,812)	$ (238,041)
Changes in operating assets and liabilities:
Imputed interest on amounts due to shareholder	5,295
Accounts payable	91,256	94,123
Miscellaneous receivable	366
Interest payable	31,698	33,100
Accrued expenses	17,226	(4,207)
Prepaids and deposits		(11,679)
Net cash used in operating activities	(83,971)	(126,704)
Cash flows from financing activities:
Proceeds from line of credit	76,325	121,084
Accounts payable converted to line of credit	6,377
Net cash provided by financing activities	82,702	121,084
Net decrease in cash	(1,269)	(5,620)
Cash and cash equivalents at beginning of period	3,218	5,620
Cash and cash equivalents at end of period	1,949
Supplemental disclosure of cash flow information:
Cash paid for taxes
Cash paid for interest
Related party forgiveness of debt classified as additional paid in capital
Interest reclassed to Additional Paid in Capital, imputed interest	$ 5,295	$ 5,253

Statements of Stockholders' Equ

Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Common Stock	Paid-In Capital (Deficiency)	Treasury Stock	Accumulated Deficit	Total
Beginning Balance, value at Sep. 30, 2018	$ 432	$ 1,213,497	$ (80)	$ (1,828,065)	$ (614,216)
Beginning Balance, shares at Sep. 30, 2018	432,192
Change in Stockholders' Deficit
Interest on Related Party Note Payable - imputed interest		1,754			1,754
Related party debt forgiveness, doubtful collection		(504)			(504)
Net Loss				(60,647)	(60,647)
Ending balance, value at Dec. 31, 2018	$ 432	1,214,747	(80)	(1,888,712)	(673,613)
Ending balance, shares at Dec. 31, 2018	432,192
Beginning Balance, value at Sep. 30, 2018	$ 432	1,213,497	(80)	(1,828,065)	(614,216)
Beginning Balance, shares at Sep. 30, 2018	432,192
Change in Stockholders' Deficit
Interest on Related Party Note Payable - imputed interest		5,253			5,253
Related party debt forgiveness, doubtful collection		(1,496)			(1,496)
Net Loss				(238,041)	(238,041)
Ending balance, value at Jun. 30, 2019	$ 432	1,217,254	(80)	(2,066,106)	(848,500)
Ending balance, shares at Jun. 30, 2019	432,192
Beginning Balance, value at Dec. 31, 2018	$ 432	1,214,747	(80)	(1,888,712)	(673,613)
Beginning Balance, shares at Dec. 31, 2018	432,192
Change in Stockholders' Deficit
Interest on Related Party Note Payable - imputed interest		1,740			1,740
Related party debt forgiveness, doubtful collection		(493)			(493)
Net Loss				(77,860)	(77,860)
Ending balance, value at Mar. 31, 2019	$ 432	1,215,994	(80)	(1,966,572)	(750,226)
Ending balance, shares at Mar. 31, 2019	432,192
Change in Stockholders' Deficit
Interest on Related Party Note Payable - imputed interest		1,759			1,759
Related party debt forgiveness, doubtful collection		(499)			(499)
Net Loss				(99,534)	(99,534)
Ending balance, value at Jun. 30, 2019	$ 432	1,217,254	(80)	(2,066,106)	(848,500)
Ending balance, shares at Jun. 30, 2019	432,192
Beginning Balance, value at Sep. 30, 2019	$ 432	1,218,529	(80)	(2,203,543)	(984,662)
Beginning Balance, shares at Sep. 30, 2019	432,192
Change in Stockholders' Deficit
Interest on Related Party Note Payable - imputed interest		1,778			1,778
Net Loss				(85,169)	(85,169)
Ending balance, value at Dec. 31, 2019	$ 432	1,220,307	(80)	(2,288,712)	(1,068,053)
Ending balance, shares at Dec. 31, 2019	432,192
Beginning Balance, value at Sep. 30, 2019	$ 432	1,218,529	(80)	(2,203,543)	(984,662)
Beginning Balance, shares at Sep. 30, 2019	432,192
Change in Stockholders' Deficit
Interest on Related Party Note Payable - imputed interest		5,295			5,295
Net Loss				(229,812)	(229,812)
Ending balance, value at Jun. 30, 2020	$ 432	1,223,824	(80)	(2,433,355)	(1,209,179)
Ending balance, shares at Jun. 30, 2020	432,192
Beginning Balance, value at Dec. 31, 2019	$ 432	1,220,307	(80)	(2,288,712)	(1,068,053)
Beginning Balance, shares at Dec. 31, 2019	432,192
Change in Stockholders' Deficit
Interest on Related Party Note Payable - imputed interest		1,758			1,758
Net Loss				(75,118)	(75,118)
Ending balance, value at Mar. 31, 2020	$ 432	1,222,065	(80)	(2,363,830)	(1,141,413)
Ending balance, shares at Mar. 31, 2020	432,192
Change in Stockholders' Deficit
Interest on Related Party Note Payable - imputed interest		1,759			1,759
Net Loss				(69,525)	(69,525)
Ending balance, value at Jun. 30, 2020	$ 432	$ 1,223,824	$ (80)	$ (2,433,355)	$ (1,209,179)
Ending balance, shares at Jun. 30, 2020	432,192

Nature of Business, Presentatio

Nature of Business, Presentation and Going Concern	9 Months Ended
Nature of Business, Presentation and Going Concern	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business, Presentation and Going Concern	NOTE 1 – NATURE OF BUSINESS, PRESENTATION AND GOING CONCERN The unaudited condensed financial statements included herein have been prepared, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The condensed financial statements and notes are presented as permitted on Form 10-Q and do not contain certain information included in the Company’s annual statements and notes. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. It is suggested that these condensed financial statements be read in conjunction with the September 30, 2019 Form 10-K filed with the SEC, including the audited financial statements and the accompanying notes thereto. While management believes the procedures followed in preparing these condensed financial statements are reasonable, the accuracy of the amounts is in some respects dependent upon the facts that will exist, and procedures that will be accomplished by the Company later in the year. These unaudited condensed financial statements reflect all adjustments, including normal recurring adjustments which, in the opinion of management, are necessary to present fairly the operations and cash flows for the periods presented. Organization Alternative Investment Corporation (the "Company") was incorporated in Nevada on March 26, 2007 under the name of China Digital Ventures Corporation. The principal business of the Company was its web-based telecom and IPTV businesses, both of which were disposed of during the year ended September 30, 2010. As of the date hereof, the Company has no operations. On September 18, 2015, the Company filed an amendment to its Articles of Incorporation in the State of Nevada to change its name to Alternative Investment Corporation. The Company continues to evaluate potential acquisitions and/or merger/investment opportunities. Most recently the Company evaluated two sectors; real estate and biotechnology whereby no developments were materialized. Management is currently evaluating other alternative options with special focus on the precious metals sector. Management’s top priority or objective is to continue evaluating opportunities to build shareholder’s value. The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the SEC. Basis of Presentation The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in The United States of America and the rules and regulations of the Securities and Exchange Commission (“SEC”). Going Concern The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred net losses of $229,812 and $238,041 for the nine months ended June 30, 2020 and 2019, respectively. At June 30, 2020, the Company had an accumulated deficit of $2,433,355 and stockholders’ deficit of $1,209,179. These conditions raise substantial doubt about the ability of the Company to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon its ability to develop and sustain a viable business model capable of generating sufficient revenues to support ongoing operations and overhead and to continue to raise investment capital through the sale of Company stock. No assurance can be given that the Company will be successful in these efforts. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern. No assurance can be given that the Company will be successful in these efforts.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The preparation of 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 the 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. Significant estimates in the accompanying financial statements include the valuation of share-based payments and the valuation allowance on deferred tax assets. Fair Value of Financial Instruments In accordance with Financial Accounting Standards Board (“FASB”), Accounting Standards Codification (“ASC”) 825 "Financial Instruments" codified Statement of Financial Accounting Standard No. 107, Disclosures about fair value of financial instruments, requires that the Company disclose estimated fair values of financial instruments. Unless otherwise indicated, the fair values of all reported assets and liabilities, which represent financial instruments, none of which are held for trading purposes, approximate the carrying values of such amounts. The Company did not have any financial instruments at June 30, 2020 and September 30, 2019. Accounts payable The Company accounts for expenses on the accrual basis of accounting under US GAAP (Generally Accepted Accounting Principles) where expenses are recorded when incurred. Invoices for expense are recorded in the period in which they are incurred and reflected in accounts payable on the balance sheet of the Company. Often expenses should be accounted for prior to an invoice being received. These amounts are reflected in accrued expense in the Company’s financial statements. As of June 30, 2020 and September 30, 2019, the Company has accounts payables of $266,597 and $175,341, respectively. Earnings (Loss) Per Share The Company computes income (loss) per share in accordance with the already defined above FASB ASC Topic 260, “Earnings Per Share", which requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the statement of operations. Basic EPS is computed by dividing income (loss) available to common shareholders by the weighted average number of shares outstanding during the period. Diluted EPS gives effect to all dilutive potential shares of common stock outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares for periods in which the Company incurs losses as their effect is anti-dilutive. As of June 30, 2020 and September 30, 2019, respectively, there were no common share equivalents outstanding which would be deemed as dilutive.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
Recent Accounting Pronouncements	Jun. 30, 2020
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS In June 2018, the FASB issued ASU No. 2018-07, “Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting” which addresses accounting for issuance of all share-based payments on the same accounting model. Previously, accounting for share-based payments to employees was covered by ASC Topic 718 while accounting for such payments to non-employees was covered by ASC Subtopic 505-50. As it considered recently issued updates to ASC 718, the FASB, as part of its simplification initiatives, decided to replace ASC Subtopic 505-50 with Topic 718 as the guidance for non-employee share-based awards. Under this new guidance, both sets of awards, for employees and non-employees, will essentially follow the same model, with small variations related to determining the term assumption when valuing a non-employee award as well as a different expense attribution model for non-employee awards as opposed to employee awards. The ASU is effective for public business entities beginning in 2019 calendar years and one year later for non-public business entities. The Company is assessing the impact, if any, of implementing this guidance on its financial position and results of operations. In February 2016, the FASB issued ASU 2016-02, "Leases." ASU 2016-02 significantly changes the accounting for leases by requiring lessees to recognize assets and liabilities for leases greater than 12 months on their balance sheet. The lessor model stays substantially the same; however, there were modifications to conform lessor accounting with the lessee model, eliminate real estate specific guidance, further define certain lease and non-lease components, and change the definition of initial direct costs of leases requiring significantly more leasing related costs to be expensed upfront. ASU 2016-02 is effective for the Company in the first quarter of fiscal 2020, and we are currently assessing the impact this standard will have on the Company's financial statements. The Company is currently party to a long-term lease that is being considered relative to the adoption of this standard (See NOTE 4). The Company has evaluated all other new ASU's issued by FASB and has concluded that these updates do not have a material effect on the Company's financial statements as of June 30, 2020.

Related Parties

Related Parties	9 Months Ended
Related Parties	Jun. 30, 2020
Related Party Transactions [Abstract]
Related Parties	NOTE 4 – RELATED PARTIES As of June 30, 2020 and September 30, 2019, $231,973, was due to Canton Investments Ltd (“CIL” or “Canton”), the largest shareholder of the Company. This is an unsecured loan, non-interest bearing and there is no repayment date. Interest has been calculated at an imputed interest rate of 3% and reflected as interest expense and as an increase to additional paid in capital in the amount of $5,297 and $7,032 for the nine months ended June 30, 2020 and year ended September 30, 2019, respectively. On April 1, 2018, Canton elected to convert $80,000 of the amount due into 94,118 common restricted shares of the Company ($0.85 per share). On February 2, 2016, the Company entered into an expense sharing agreement with Fingi Inc (“Fingi”). Fingi is company for which Canton, our largest shareholder, may be deemed a controlling entity. Under the expense sharing agreement, the Company shares the rent and utility expenses incurred in connection with occupancy of office space that is being leased by Fingi Inc. During the nine months ended June 30, 2020, amount due for rent was $6,377 per month. For the nine months ended June 30, 2020 and 2019 rent and utilities expenses amounted to $57,396 and $56,235, respectively. As of June 30, 2020 and September 30, 2019, the Company had a liability due to its former Chief Executive and Chief Financial Officer, Daniel Otazo in the amount of $2,000. The amount was reflected in accounts payable on the Company’s financial statements. Amounts are due under a compensation for services provided agreement. Mr. Otazo resigned from the Company in all official capacities on November 30, 2017. As of June 30, 2020 and September 30, 2019, the Company had a liability due to its current Chief Executive and Chief Financial Officer, Antonio Treminio, in the amount of $154,051 and $109,051, respectively. As of June 30, 2020 and September 30, 2019, Alternative Strategy Partners Pte. Ltd. (“ASP”) was considered a related party. As a shareholder, ASP owns 20.4% of the outstanding stock of the Company as well as $413,049 of current debt. Additionally, ASP has committed to lend an additional $586,951 to the Company under a line of credit agreement (SEE NOTE 5). Related party transactions are not necessarily indicative of an arm’s length transaction or comparable to a transaction that had been entered into with independent parties.

Line of Credit - Related Party

Line of Credit - Related Party	9 Months Ended
Line of Credit - Related Party	Jun. 30, 2020
Debt Disclosure [Abstract]
Line of Credit - Related Party	NOTE 5 – LINE OF CREDIT – RELATED PARTY During the year ended September 30, 2019, ASP loaned the Company $259,916 under separate one-year 8% notes. Additionally, on March 8, 2019, ASP wired $74,768 to the primary lessor of the office space where the Company maintains its corporate office. Since the Company pays 50% of the rent under an expense sharing agreement, the amount of $37,384 was recorded as a loan from ASP on the Company’s balance sheet as loans payable. On August 8, 2019, the Company entered into a $1,000,000 Line of Credit agreement with ASP. The Line of Credit has an expiration date of December 31, 2024. As a result of this agreement, monthly rental payments paid by ASP in the amount of $130,339, previously recorded as accounts payable was transferred to ASP Loan payable and interest was applied retroactively. Under this agreement, all former advances were applied toward the overall cap of the line of credit. As of June 30, 2020 and September 30, 2019 the Company had a balance of $413,049 and $319,294 under the agreement, respectively. As of June 30, 2020, collective accrued interest on the line of credit was $45,792. Beginning January 1, 2020, the Company and ASP agreed that one of the full time employee’s salary and related payroll taxes, although will still be paid out of the Company’s accounts the full charge will be borne by ASP and the amounts paid will be credited against the amount of funds advanced under the Line of credit. For the three months ended June 30, 2020, the amount of payroll paid by the Company to offset the Line of credit was $39,430. The Line of credit is recorded net of these disbursements. As of June 30, 2020, all advances are covered by notes payable except the $143,763 covered by the blanket agreement for monthly rental payments paid by ASP and previously recorded as accounts payable. This amount has a due date co-terminus with the overall agreement of December 31, 2024. The balance of the non-current portion of the line of credit at June 30, 2020 was $143,763.

Notes Payable - Related Party

Notes Payable - Related Party	9 Months Ended
Notes Payable - Related Party	Jun. 30, 2020
Related Party Transactions [Abstract]
Notes Payable - Related Party	NOTE 6 – NOTES PAYABLE - RELATED PARTY On February 28, 2018, the noteholder, JIFM LLC., entered into a settlement agreement with Basil and Barnes Holding LLC. Under terms of the settlement all outstanding to Fess Group Holdings LLC notes were transferred to Canton Investments, Ltd. As of February 28, 2018, these notes were considered related party notes. Notes payable – related party consisted of the following as of: June 30, 2020 September 30, 2019 Canton Investments, Ltd. (a) $ 35,000 $ 35,000 Canton Investments, Ltd. (b) 4,000 4,000 Canton Investments, Ltd. (c) 35,000 35,000 Canton Investments, Ltd. (d) 7,000 7,000 Canton Investments, Ltd. (e) 5,000 5,000 Alternative Strategy Partners Pte. Ltd. (f) 50,000 50,000 Total notes payable – Related party 136,000 136,000 Less - current portion of these notes (136,000 ) (136,000 ) Notes Payable – Related Party $ — $ — (a) On November 30, 2016, the Company entered into a six-month 8% loan agreement with JIFM LLC in the amount of $35,000. The note had a maturity date of May 30, 2017. The Company is currently trying to cure the default under this note. On February 28, 2018, the noteholder, JIFM LLC., entered into a settlement agreement with Basil and Barnes Holding LLC. Under terms of the settlement all outstanding notes were transferred to Canton Investments, Ltd. As of June 30, 2020, this note had accrued interest of $10,034. (b) On January 3, 2017, the Company entered into a six-month 8% loan agreement with JIFM in the amount of $4,000. The note had a maturity date of July 3, 2017. The Company is currently trying to cure the default under this note. On February 28, 2018, the noteholder, JIFM LLC., entered into a settlement agreement with Basil and Barnes Holding LLC. Under terms of the settlement all outstanding notes were transferred to Canton Investments, Ltd. As of June 30, 2020, this note had accrued interest of $1,117. (c) On January 17, 2017, the Company entered into a six-month 8% loan agreement with JIFM LLC in the amount of $35,000. The note had a maturity date of July 17, 2017. The Company is currently trying to cure the default under this note. On February 28, 2018, the noteholder, JIFM LLC., entered into a settlement agreement with Basil and Barnes Holding LLC. Under terms of the settlement all outstanding notes were transferred to Canton Investments, Ltd. As of June 30, 2020, this note had accrued interest of $9,666. (d) On January 19, 2017, the Company entered into a six-month 8% loan agreement with JIFM LLC in the amount of $7,000. The note had a maturity date of July 19, 2017. The Company is currently trying to cure the default under this note. On February 28, 2018, the noteholder, JIFM LLC., entered into a settlement agreement with Basil and Barnes Holding LLC. Under terms of the settlement all outstanding notes were transferred to Canton Investments, Ltd. As of June 30, 2020, this note had accrued interest of $1,930. (e) On January 23, 2017, the Company entered into a six-month 8% loan agreement with JIFM LLC in the amount of $5,000. The notes had a maturity date of July 23, 2017. The Company is currently trying to cure the default under this note. On February 28, 2018, the noteholder, JIFM LLC., entered into a settlement agreement with Basil and Barnes Holding LLC. Under terms of the settlement all outstanding notes were transferred to Canton Investments, Ltd. As of June 30, 2020, this note had accrued interest of $1,374. (f) On January 31, 2017, the Company entered into a six-month 8% loan agreement with Basil and Barns Capital Inc. in the amount of $50,000. The note had a maturity date of July 31, 2017. The Company is currently trying to cure the default under this note. On June 15, 2018, Basil and Barns Capital Inc. assigned this note to ASP. At June 30, 2020, the note has accrued interest of $13,655.

Common Stock

Common Stock	9 Months Ended
Common Stock	Jun. 30, 2020
Equity [Abstract]
Common Stock	NOTE 7 – COMMON STOCK The Company has authorized 1,600,000,000 shares of Common Stock, $0.001 par value. At June 30, 2020 and September 30, 2019, the Company had 432,192 shares issued and 431,991 shares outstanding. No shares were issued during the nine months ended June 30, 2020 and year ended September 30, 2019.

Current Litigation

Current Litigation	9 Months Ended
Current Litigation	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Current Litigation	NOTE 8 – CURRENT LITIGATION On August 13, 2019, the Company received a registered letter dated August 7, 2019 from the law firm of Smith, Carroad, Levy & Parikh, P.C. pursuant to a Summons and Complaint filed with the Supreme Court of New York on April 4, 2019. The plaintiff, Raich Ende Malter & Co. LLP., claims that the Company owes past due fees in the amount of $49,281 for auditing, accounting, management consulting and tax services rendered for the fiscal years ended September 30, 2016 and 2017. The summons was improperly served to an unknown party to the Company. (Index # 153512-2019 filed with the Supreme Court of New York). The Company has fully accrued this amount as General and Administrative expense on its Statement of Operations for the year ended September 30, 2019. The Company continues to try to resolve this issue with plaintiff.

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 9 – SUBSEQUENT EVENTS Subsequent to June 30, 2020, the Company has received $2,700 in advances from ASP (a related party) under the August 8, 2019, $1,000,000 Line of Credit agreement with ASP, expiring December 31, 2024. These individual notes bear 8% interest with a maturity date one year from the date of the advance. There are no other subsequent events that need to be disclosed.

Accounting Policies (Policies)

Accounting Policies (Policies)	9 Months Ended
Accounting Policies (Policies)	Jun. 30, 2020
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of 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 the 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. Significant estimates in the accompanying financial statements include the valuation of share-based payments and the valuation allowance on deferred tax assets.
Fair Value of Financial Instruments	Fair Value of Financial Instruments In accordance with Financial Accounting Standards Board (“FASB”), Accounting Standards Codification (“ASC”) 825 "Financial Instruments" codified Statement of Financial Accounting Standard No. 107, Disclosures about fair value of financial instruments, requires that the Company disclose estimated fair values of financial instruments. Unless otherwise indicated, the fair values of all reported assets and liabilities, which represent financial instruments, none of which are held for trading purposes, approximate the carrying values of such amounts. The Company did not have any financial instruments at June 30, 2020 and September 30, 2019.
Accounts Payable	Accounts payable The Company accounts for expenses on the accrual basis of accounting under US GAAP (Generally Accepted Accounting Principles) where expenses are recorded when incurred. Invoices for expense are recorded in the period in which they are incurred and reflected in accounts payable on the balance sheet of the Company. Often expenses should be accounted for prior to an invoice being received. These amounts are reflected in accrued expense in the Company’s financial statements. As of June 30, 2020 and September 30, 2019, the Company has accrued payables of $266,597 and $175,341, respectively.
Earnings (Loss) Per Share	Earnings (Loss) Per Share The Company computes income (loss) per share in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) ASC Topic 260, “Earnings Per Share", which requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the statement of operations. Basic EPS is computed by dividing income (loss) available to common shareholders by the weighted average number of shares outstanding during the period. Diluted EPS gives effect to all dilutive potential shares of common stock outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares for periods in which the Company incurs losses as their effect is anti-dilutive. As of June 30, 2020 and September 30, 2019, respectively, there were no common share equivalents outstanding which would be deemed as dilutive.

Notes Payable - Related Party (

Notes Payable - Related Party (Tables)	9 Months Ended
Notes Payable - Related Party (Tables)	Jun. 30, 2020
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	June 30, 2020 September 30, 2019 Canton Investments, Ltd. (a) $ 35,000 $ 35,000 Canton Investments, Ltd. (b) 4,000 4,000 Canton Investments, Ltd. (c) 35,000 35,000 Canton Investments, Ltd. (d) 7,000 7,000 Canton Investments, Ltd. (e) 5,000 5,000 Alternative Strategy Partners Pte. Ltd. (f) 50,000 50,000 Total notes payable – Related party 136,000 136,000 Less - current portion of these notes (136,000 ) (136,000 ) Notes Payable – Related Party $ — $ — (a) On November 30, 2016, the Company entered into a six-month 8% loan agreement with JIFM LLC in the amount of $35,000. The note had a maturity date of May 30, 2017. The Company is currently trying to cure the default under this note. On February 28, 2018, the noteholder, JIFM LLC., entered into a settlement agreement with Basil and Barnes Holding LLC. Under terms of the settlement all outstanding notes were transferred to Canton Investments, Ltd. As of June 30, 2020, this note had accrued interest of $10,034. (b) On January 3, 2017, the Company entered into a six-month 8% loan agreement with JIFM in the amount of $4,000. The note had a maturity date of July 3, 2017. The Company is currently trying to cure the default under this note. On February 28, 2018, the noteholder, JIFM LLC., entered into a settlement agreement with Basil and Barnes Holding LLC. Under terms of the settlement all outstanding notes were transferred to Canton Investments, Ltd. As of June 30, 2020, this note had accrued interest of $1,117. (c) On January 17, 2017, the Company entered into a six-month 8% loan agreement with JIFM LLC in the amount of $35,000. The note had a maturity date of July 17, 2017. The Company is currently trying to cure the default under this note. On February 28, 2018, the noteholder, JIFM LLC., entered into a settlement agreement with Basil and Barnes Holding LLC. Under terms of the settlement all outstanding notes were transferred to Canton Investments, Ltd. As of June 30, 2020, this note had accrued interest of $9,666. (d) On January 19, 2017, the Company entered into a six-month 8% loan agreement with JIFM LLC in the amount of $7,000. The note had a maturity date of July 19, 2017. The Company is currently trying to cure the default under this note. On February 28, 2018, the noteholder, JIFM LLC., entered into a settlement agreement with Basil and Barnes Holding LLC. Under terms of the settlement all outstanding notes were transferred to Canton Investments, Ltd. As of June 30, 2020, this note had accrued interest of $1,930. (e) On January 23, 2017, the Company entered into a six-month 8% loan agreement with JIFM LLC in the amount of $5,000. The notes had a maturity date of July 23, 2017. The Company is currently trying to cure the default under this note. On February 28, 2018, the noteholder, JIFM LLC., entered into a settlement agreement with Basil and Barnes Holding LLC. Under terms of the settlement all outstanding notes were transferred to Canton Investments, Ltd. As of June 30, 2020, this note had accrued interest of $1,374. (f) On January 31, 2017, the Company entered into a six-month 8% loan agreement with Basil and Barns Capital Inc. in the amount of $50,000. The note had a maturity date of July 31, 2017. The Company is currently trying to cure the default under this note. On June 15, 2018, Basil and Barns Capital Inc. assigned this note to ASP. At June 30, 2020, the note has accrued interest of $13,655.

Nature of Business, Presentat_2

Nature of Business, Presentation and Going Concern (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2020	Jun. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ (69,525)	$ (75,118)	$ (85,169)	$ (99,534)	$ (77,860)	$ (60,647)	$ (229,812)	$ (238,041)
Accumulated deficit	(2,433,355)						(2,433,355)		$ (2,203,543)
Stockholders' deficit	$ (1,209,179)	$ (1,141,413)	$ (1,068,053)	$ (848,500)	$ (750,226)	$ (673,613)	$ (1,209,179)	$ (848,500)	$ (984,662)	$ (614,216)

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Jun. 30, 2020	Sep. 30, 2019
Accounting Policies [Abstract]
Accounts payable	$ 266,597	$ 175,341

Related Parties (Details Narrat

Related Parties (Details Narrative) - USD ($)	9 Months Ended		12 Months Ended
Related Parties (Details Narrative) - USD ($)	Jun. 30, 2020	Jun. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Due to related parties	$ 231,973		$ 231,973
Canton Investments Ltd
Due to related parties	$ 231,973		$ 231,973
Imputed interest rate	3.00%		3.00%
Interest reclassified to Additional Paid in Capital for doubtful collection, related party	$ 5,297		$ 7,032
Debt converted into shares, value				$ 80,000
Shares issued upon conversion of debt				94,118
Shares issued upon debt conversion, price per share				$ 0.85
Fingi Inc.
Rental expense	57,396	$ 56,235
Amount due for rent	6,377
Chief Executive and Chief Financial Officer
Due to related parties	154,051		109,051
Former Chief Executive and Chief Financial Officer
Related party payables	$ 2,000		$ 2,000
Alternative Strategy Partners Pte. Ltd.
Imputed interest rate	8.00%		8.00%
Shareholder equity interest, percentage	20.40%
Shareholder portion of debt	$ 413,049
Line of credit, current available borrowings	$ 586,951

Line of Credit - Related Party

Line of Credit - Related Party (Details Narrative) - USD ($)		3 Months Ended	9 Months Ended		12 Months Ended
		Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Sep. 30, 2019
Short-term Debt [Line Items]
Proceeds from line of credit from related party for rent payment			$ 76,325	$ 121,084
Line of credit, related party, net of current portion		$ 143,763	143,763		$ 137,386
Payroll paid to offset line of credit		39,430
Alternative Strategy Partners Pte. Ltd.
Short-term Debt [Line Items]
Notes Payable	[1]				$ 259,916
Interest rate					8.00%
Proceeds from line of credit from related party for rent payment					$ 130,339
Proceeds from loans payable					37,384
Accrued interest		45,792	45,792
Line of credit					$ 1,000,000
Line of credit, maturity date					Dec. 31, 2024
Line of credit, available borrowing		413,049	413,049		$ 319,294
Line of credit, related party, net of current portion		$ 143,763	$ 143,763

[1]	Separate one-year 8% notes. Additionally, on March 8, 2019, ASP wired $74,768 to the primary lessor of the office space where the Company maintains its corporate office. The Company pays 50% of the rent under an expense sharing agreement.

Notes Payable - Related Party -

Notes Payable - Related Party - Schedule of Related Party Transactions (Details) - USD ($)		9 Months Ended	12 Months Ended
		Jun. 30, 2020	Sep. 30, 2019
Accrued interest		$ 88,229	$ 56,531
Alternative Strategy Partners Pte. Ltd.
Total notes payable, related party	[1]	$ 50,000	$ 50,000
Interest rate		8.00%	8.00%
Accrued interest		$ 13,655
Maturity date		Jul. 31, 2017	Jul. 31, 2017
Notes Payable
Total notes payable, related party		$ 136,000	$ 136,000
Less - current portion of these notes		(136,000)	(136,000)
Notes payable, related party		0	0
Notes Payable \| Canton Investments Ltd #1
Total notes payable, related party	[2]	$ 35,000	$ 35,000
Interest rate		8.00%	8.00%
Accrued interest		$ 10,034
Maturity date		May 30, 2017	May 30, 2017
Notes Payable \| Canton Investments Ltd #2
Total notes payable, related party	[2]	$ 4,000	$ 4,000
Interest rate		8.00%	8.00%
Accrued interest		$ 1,117
Maturity date		Jul. 3, 2017	Jul. 3, 2017
Notes Payable \| Canton Investments Ltd #3
Total notes payable, related party	[2]	$ 35,000	$ 35,000
Interest rate		8.00%	8.00%
Accrued interest		$ 9,666
Maturity date		Jul. 17, 2017	Jul. 17, 2017
Notes Payable \| Canton Investment Ltd #4
Total notes payable, related party	[2]	$ 7,000	$ 7,000
Interest rate		8.00%	8.00%
Accrued interest		$ 1,930
Maturity date		Jul. 19, 2017	Jul. 19, 2017
Notes Payable \| Canton Investments Ltd #5
Total notes payable, related party	[2]	$ 5,000	$ 5,000
Interest rate		8.00%	8.00%
Accrued interest		$ 1,374
Maturity date		Jul. 23, 2017	Jul. 23, 2017

[1]	The Company is currently trying to cure the default under this note. On June 15, 2018, Basil and Barns Capital Inc. assigned this note to ASP.
[2]	The Company is currently trying to cure the default under this note. On February 28, 2018, the noteholder, JIFM LLC, entered into a settlement agreement with Basil and Barnes Holding LLC. Under terms of the settlement all outstanding notes were transferred to Canton Investments, Ltd.

Common Stock (Details Narrative

Common Stock (Details Narrative) - $ / shares	Jun. 30, 2020	Sep. 30, 2019
Equity [Abstract]
Common stock, shares authorized	1,600,000,000	1,600,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	432,192	431,991
Common stock, shares outstanding	432,192	431,991

Current Litigation (Details Nar

Current Litigation (Details Narrative)	12 Months Ended
Current Litigation (Details Narrative)	Sep. 30, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Lawsuit filing date	April 4, 2019
Name of plaintiff	Raich Ende Malter & Co. LLP
Litigation, potential loss	$ 49,281

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	1 Months Ended	9 Months Ended		12 Months Ended
Subsequent Events (Details Narrative) - USD ($)	Jul. 31, 2020	Jun. 30, 2020	Jun. 30, 2019	Sep. 30, 2019
Subsequent Event [Line Items]
Proceeds from line of credit		$ 76,325	$ 121,084
Alternative Strategy Partners Pte. Ltd.
Subsequent Event [Line Items]
Proceeds from line of credit				$ 130,339
Line of credit				$ 1,000,000
Line of credit, maturity date				Dec. 31, 2024
Subsequent Event \| Alternative Strategy Partners Pte. Ltd.
Subsequent Event [Line Items]
Proceeds from line of credit	$ 2,700
Line of credit	$ 1,000,000
Line of credit, maturity date	Dec. 31, 2024
Line of credit, interest rate	8.00%