Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: May 31, 2024

☐	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission File Number: 000-56466

PACIFIC SPORTS EXCHANGE INC.

(Exact name of registrant as specified in its charter)

Delaware		83-1189007
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)

2149 Rio De Janeiro Ave., Punta Gorda, FL		33983
(Address of principal executive offices)		(Zip Code)

(877) 571-5562

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒ Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated Filer	☒	Smaller reporting company	☒
		Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) ☐ Yes ☒ No

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 14,375,000 shares of Common Stock issued and outstanding as of June 28, 2024.

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION

Item 1.	Financial Statements	F-1
Item 2.	Management’s Discussion and Analysis of Financial Condition or Plan of Operation	4
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	9
Item 4.	Controls and Procedures	9

PART II - OTHER INFORMATION

Item 1.	Legal Proceedings	10
Item 1A.	Risk Factors	10
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	10
Item 3.	Defaults Upon Senior Securities	10
Item 4.	Mine Safety Disclosures	10
Item 5.	Other Information	10
Item 6.	Exhibits	11

SIGNATURES		12

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FORWARD-LOOKING STATEMENTS

This quarterly report on Form 10-Q, and the exhibits attached hereto, contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements concern the Company’s anticipated results and developments in the Company’s operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

Any statement that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always using words or phrases such as “believes”, “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates”, or “intends”, or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation:

This list is not exhaustive of the factors that may affect the Company’s forward-looking statements. Some of the important risks and uncertainties that could affect forward-looking statements are described further in this “Management’s Discussion and Analysis” section of this Quarterly Report. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Pacific Sports disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as required by law. The Company advises readers to carefully review the reports and documents filed from time to time with the Securities and Exchange Commission (the “SEC”), particularly the Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

As used in this Quarterly Report, the terms “we,” “us,” “our,” “Pacific Sports,” and the “Company,” mean Pacific Sports Exchange, Inc., unless otherwise indicated. All dollar amounts in this Quarterly Report are expressed in U.S. dollars, unless otherwise indicated.

Management’s Discussion and Analysis is intended to be read in conjunction with the Company’s financial statements and the integral notes (“Notes”) thereto for the period ending May 31, 2024. The following statements may be forward-looking in nature and actual results may differ materially.

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PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

INTERIM FINANCIAL STATEMENTS

For the Nine Months Ended May 31, 2024

(Unaudited)

INDEX TO UNAUDITED FINANCIAL STATEMENTS

		Page

Balance Sheets as of May 31, 2024, and August 31, 2023 (Unaudited)		F-2

Statements of Operations for the Three and Nine Months Ended May 31, 2024, and 2023 (Unaudited)		F-3

Statements of Changes in Stockholders’ Deficit for the Nine Months Ended May 31, 2024, and 2023 (Unaudited)		F-4

Statements of Cash Flows for the Nine Months Ended May 31, 2024, and 2023 (Unaudited)		F-5

Notes to the Unaudited Financial Statements		F-6

F-1

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PACIFIC SPORTS EXCHANGE INC.

BALANCE SHEETS

(UNAUDITED)

	As of			As of
	May 31,			August 31,
	2024			2023
Assets
Current Assets
Cash	$	1,017		$	2,151
Inventory		269			269
Total Current Assets		1,286			2,420

Total Assets	$	1,286		$	2,420

Liabilities and Stockholders' Deficit
Current Liabilities
Accounts payable and accrued liabilities	$	92,288		$	74,103
Due to related parties		17,400			17,400
Total Current Liabilities		109,688			91,503

Stockholders' Deficit
Preferred stock: 20,000,000 shares authorized; $0.001 par value; no shares issued and outstanding		-			-
Common stock: 200,000,000 shares authorized; $0.001 par value; 14,375,000 shares issued and outstanding, respectively.		14,375			14,375
Additional paid-in capital		62,691			62,691
Accumulated deficit		(185,468	)		(166,149	)
Total Stockholders' Deficit		(108,402	)		(89,083	)

Total Liabilities and Stockholders' Deficit	$	1,286		$	2,420

The accompanying notes are an integral part of these unaudited condensed financial statements.

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PACIFIC SPORTS EXCHANGE INC.

STATEMENTS OF OPERATIONS

(UNAUDITED)

	Three Months Ended						Nine Months Ended
	May 31,						May 31,
	2024			2023			2024			2023

Revenues	$	1,000		$	5,322		$	4,400		$	16,234
Cost of goods sold		(800	)		(4,034	)		(3,340	)		(13,346	)
Gross profit		200			1,288			1,060			2,888
Operating Expenses
General and administrative		1,895			121			2,353			1,203
Professional fees		5,935			4,500			18,026			16,805
Total operating expenses		7,830			4,621			20,379			18,008
Loss from operations		(7,630	)		(3,333	)		(19,319	)		(15,120	)

Loss before income taxes		(7,630	)		(3,333	)		(19,319	)		(15,120	)
Provision for income taxes		-			-			-			-
Net loss	$	(7,630	)	$	(3,333	)	$	(19,319	)	$	(15,120	)
Basic and diluted loss per common share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Basic and diluted weighted average common shares outstanding		14,375,000			14,375,000			14,375,000			14,375,000

The accompanying notes are an integral part of these unaudited condensed financial statements.

F-3

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PACIFIC SPORTS EXCHANGE INC.

STATEMENT OF CHANGES IN STOCKHOLDERS’ DEFICIT

(UNAUDITED)

For the Three and Nine Months Ended May 31, 2024

					Additional
	Common Stock				Paid-in		Accumulated
	Shares		Amount		Capital		Deficit			Total

Balance - August 31, 2023		14,375,000	$	14,375	$	62,691	$	(166,149	)	$	(89,083	)
Net loss		-		-		-		(5,634	)		(5,634	)
Balance - November 30, 2023		14,375,000		14,375		62,691		(171,783	)		(94,717	)
Net loss		-		-		-		(6,055	)		(6,055	)
Balance - February 29, 2024		14,375,000		14,375		62,691		(177,838	)		(100,772	)
Net loss		-		-		-		(7,630	)		(7,630	)
Balance - May 31, 2024		14,375,000	$	14,375	$	62,691	$	(185,468	)	$	(108,402	)

For the Three and Nine Months Ended May 31, 2023

					Additional
	Common Stock				Paid-in		Accumulated
	Shares		Amount		Capital		Deficit			Total

Balance - August 31, 2022		14,375,000	$	14,375	$	62,691	$	(140,116	)	$	(63,050	)
Net loss		-		-		-		(2,489	)		(2,489	)
Balance - November 30, 2022		14,375,000		14,375		62,691		(142,605	)		(65,539	)
Net loss		-		-		-		(9,298	)		(9,298	)
Balance - February 28, 2023		14,375,000		14,375		62,691		(151,903	)		(74,837	)
Net loss		-		-		-		(3,333	)		(3,333	)
Balance - May 31, 2023		14,375,000	$	14,375	$	62,691	$	(155,236	)	$	(78,170	)

The accompanying notes are an integral part of these unaudited condensed financial statements.

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PACIFIC SPORTS EXCHANGE INC.

STATEMENTS OF CASH FLOWS

(UNAUDITED)

	Nine Months Ended
	May 31,
	2024			2023

Cash Flows from Operating Activities
Net loss	$	(19,319	)	$	(15,120	)
Changes in operating assets and liabilities:
Inventory		-			179
Accounts payable and accrued liabilities		18,185			8,984
Net cash used in operating activities		(1,134	)		(5,957	)

Cash Flows from Financing Activities
Proceeds from related party		-			2,200
Net cash provided by financing activities		-			2,200

Net change in cash for the period		(1,134	)		(3,757	)
Cash at beginning of period		2,151			7,899
Cash at end of period	$	1,017		$	4,142

Supplemental Cash Flow Information:
Cash paid for income taxes	$	-		$	-
Cash paid for interest	$	-		$	-

The accompanying notes are an integral part of these unaudited condensed financial statements.

F-5

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PACIFIC SPORTS EXCHANGE INC.

NOTES TO UNAUDITED FINANCIAL STATEMENTS

NOTE 1 – ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN

Pacific Sports Exchange Inc., (“Pacific Sports” “the Company,” “we” or “us”) was incorporated in the state of Delaware on July 2, 2018. It is based in Punta Gorda, Florida. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”), and the Company’s fiscal year end is August 31.

The Company operates as a sports equipment vendor, specializing in tennis and golf. The Company sources high value new and used equipment and sells it online. The target market is an avid domestic or international customer that is serious about his/her golf or tennis game and will return to the Company for future purchases.

To date, the Company’s activities have included building out its business operations and marketing, acquiring inventory, generating revenue via www.ebay.com, as well as developing supplier and business contacts and services.

Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As of May 31, 2024, the Company has an accumulated deficit of $185,468 and has earned nominal operating revenues.

The ability of the Company to obtain profitability is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan. In response to these problems, management intends to raise additional operating funds through equity and/or debt financing. However, there can be no assurance management will be successful in its endeavors.

There are no assurances that the Company will be able to either 1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or 2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support its working capital requirements. To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available to the Company, it may be required to curtail or cease its operations.

These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with GAAP for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all the information and footnotes required by GAAP for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of May 31, 2024, and the results of operations and cash flows for the periods presented. The results of operations for the period ended May 31, 2024, are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended August 31, 2023, filed with the SEC on November 28, 2023.

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Use of Estimates and Assumptions

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. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.

Cash and Cash Equivalents

Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had $1,017 and $2,151 in cash as of May 31,2024, and August 31, 2023, respectively.

Inventory

The Company’s inventory consists of tennis equipment and golf carts. All inventory is finished goods. Inventories are stated at the lower of cost or net realizable value. The inventory is stored on-site at the Florida office of the Company. The Company utilizes first-in first-out for inventory items held. We periodically review inventories for obsolescence and any inventories identified as obsolete are written down. Although we believe that the assumptions we use to estimate inventory write-downs are reasonable, future changes in these assumptions could provide a significantly different result.

Revenue Recognition

Revenue is earned from the reselling of new and used sports equipment. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations pursuant to each of its equipment sales transactions:

	·	identify the contract with a customer;
	·	identify the performance obligations in the contract;
	·	determine the transaction price;
	·	allocate the transaction price to performance obligations in the contract; and
	·	recognize revenue as the performance obligation is satisfied.

The Company operates as an online-only retailer and utilizes eBay Inc. (“eBay”) as its prime marketing channel. The Company currently relies on eBay, a third-party marketplace, to facilitate its sales. Such reliance on any third-party platform to generate revenues carries with it certain risks, including but not necessarily limited to the Company could violate the terms of service and lose its selling privileges, or the sites themselves could experience technical issues and/or fail. The Company always strives to abide by the policies of any third-party platform and endeavors to provide superior customer service.

Typical sales transactions are usually fulfilled within twenty-four (24) hours of completing the transaction online. Contracts stating the transaction price and our performance obligation to deliver the ordered products are deemed to be entered into via eBay at the time the customer submits payment, which is conducted through the PayPal payment platform. Due to the instantaneous nature of a customer submitting an order online at a stated price and the same or next business day shipment of product, the Company does not anticipate that variable consideration or contract assets or liabilities will arise in the normal course of business.

Revenues are recognized based on the sales contract price, net of sales taxes, when control of the promised goods are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods. Our contracted prices primarily include cost of inventory, shipping and handling, eBay commission fee and our margin, which varies depending on each item. We may provide incentives to our customers from time to time, including discounts, coupons and rewards, which are treated as a reduction in revenue. We may provide sales under a consignment for a client. When acting as an agent, where we do not take delivery of the inventory, we record all costs of sales as a reduction in revenue. The Company does not accept returns and clearly indicates this in our listings. However, if a customer receives an item that is not as described in the eBay listing, we must follow the eBay moneyback guarantee policy which obligates us to issue a full refund within three (3) business days. We do not provide an estimate for returns as we do not anticipate any returns in the normal course of business.

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Consignment Sales

The Company, as a consignee, provides a service to sell tennis racquets through its online marketplace with eBay. The Company retains a percentage of the proceeds received as payment for its consignment items, which the Company refers to as its ‘‘take rate.’’ The Company recognizes consignment revenue upon shipment of the consigned good to a customer as its performance obligation of providing consignment services to the consignor is satisfied at that point. The Company reports consignment revenue on a net basis as an agent and not the gross amount collected from a customer. Title to the consigned goods remain with the consignor until transferred to a customer subsequent to purchase of the consigned goods. In any event of damage or loss of consignment items, the Company will recognize an expense and will pay all related disbursements. The Company does not take title of consigned goods at any time.

Other Sales

The Company purchases used golf carts as its own inventory for resale. The Company reports revenue on a gross basis from amounts collected from the customer upon transferring the product to the buyer.

Cost of Goods Sold

Cost of goods sold includes the following expenses: inventory costs and expenses related to eBay fees, repair, fuel and shipping services.

Recent Accounting Pronouncements

The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any recently issued, but not yet effective accounting standards, if currently adopted, would have a material effect on the accompanying financial statements.

NOTE 3 – RELATED PARTY TRANSACTIONS

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such a time that the Company can support its operations or attain adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders.

During the nine months ended May 31, 2024, and 2023, the Company received a loan of $0 and $2,200 from the Company’s CEO and Director, respectively. As of May 31,2024, and August 31, 2023, the Company had due to related party of $17,400 and $17,400, respectively. The amounts are unsecured, non-interest bearing, due on demand and have not been formalized by a promissory note.

NOTE 4 – EQUITY

Preferred Stock

The Company has authorized 20,000,000 shares of Preferred Stock with a par value of $0.001 per share. No preferred stock was issued or outstanding as of May 31,2024 and August 31, 2023.

Common Stock

The Company has authorized 200,000,000 shares of Common Stock with a par value of $0.001 per share. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the Corporation is sought.

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As of May 31,2024, and August 31,2023, the Company had 14,375,000 shares of Common Stock issued and outstanding.

NOTE 5 – CONCENTRATION

As of May 31,2024, and August 31,2023 and for the nine months ended May 31,2024 and 2023, customer and supplier concentrations (more than 10%) were as follows:

Revenue

During the nine months ended May 31, 2024, and 2023, four (4) customers represented 100% and seven (7) customers represented 99.27% of our revenue were accounted for more than 10% of our revenue, respectively.

Purchases

During the nine months ended May 31,2024 and 2023, four (4) suppliers represented 100% and seven (7) suppliers represented 100% of our purchases accounted for more than 10% of our purchases, respectively.

Accounts receivable

As of May 31,2024, and August 31,2023, the accounts receivable balances were nil.

NOTE 6- SUBSEQUENT EVENTS

The Company has evaluated events occurring subsequent to May 31, 2024, through the issuance of the financial statements and determined that there are no additional events requiring disclosure.

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Item 2. Management’s Discussion and Analysis of Financial Condition or Plan of Operation

General Overview

The Company was incorporated in Delaware on July 2, 2018, to engage in the business of re-selling new and used tennis and golf equipment. We have since added used golf carts to our resale inventory and have begun engaging in consignment sales of tennis rackets and golf carts. The concept is to source top-quality, in-demand equipment, and resell it to both domestic and international customers. Our Company has identified popular brands and models that retain value, in new and used condition, across the various markets in which we plan to sell.

We operate as an online-only entity and utilize eBay Inc. (“eBay”) as our primary marketing channel. We will also optimize our own website for “global” search terms and internally vend equipment through an expanding referral network of repeat customers.

Our principal executive office is located at 2149 Rio De Janeiro Ave., Punta Gorda, FL 33983, and our telephone number is (877) 571-5562. Our corporate website is www.pacificsportsexchange.com.

We have not been subject to any bankruptcy, receivership, or similar proceeding. We do not have any subsidiaries.

Description of Business

We specialize in the reselling of new and used tennis and golf equipment, including reselling used golf carts and engaging in consignment sales of tennis rackets and golf carts. The concept is to source top-quality, in-demand equipment and resell it to both domestic and international customers. We have identified popular brands and models that retain their value in new and used conditions.

To source in-demand equipment, our Company has established relationships with local Southwest Florida sports retailers to purchase their surplus end-of-season inventory and trade-ins. The Company also attends golf and tennis trade shows and monitors re-seller equipment events to pin-point trends in high-demand used equipment. Both Florida and California have been identified as premium geographic locations to search for and secure the desired supply of top-end equipment.

We currently operate as an online-only entity and utilize eBay as our primary marketing channel. We will also optimize our own website for “global” search terms and internal vending equipment to a worldwide market. Because the Company relies on third-party websites such as eBay to make its sales, such reliance on any third-party platform to generate revenues carries with it certain risks including but not necessarily limited to: the Company could violate the terms of service and lose its selling privileges, or the sites themselves could experience technical issues and/or fail. The Company will always strive to abide by the policies of any third-party platform and will endeavor to provide superior customer service. The Company will also look to improve the marketing and functionality of its own website, to act as a hedge against the risk of relying on third-party partners.

The principals of our Company have experience in both the sports of tennis and golf, and through this experience have identified high-value, high-margin equipment that resells profitably to both international and domestic customers. The goal is to create a unique supply chain that targets niche, valued products and their buyers. Serious golfers and tennis players are very particular about their equipment and will go to considerable lengths to secure what they are looking for in a quest to improve their game; this customer is our prime target market, and our marketing approach will be to create a relationship (wherever possible) with this customer and become their ongoing equipment supplier through social media and electronic outreach.

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Results of Operations

The following summary of our results of operations should be read in conjunction with our unaudited financial statements for the nine months ended May 31, 2024, and 2023, which are included herein.

Three months ended May 31, 2024, compared to three months ended May 31, 2023.

	Three Months Ended
	May 31,
	2024			2023			Change
Revenue	$	1,000		$	5,322		$	(4,322	)
Cost of goods sold		800			4,034			(3,234	)
Gross profit		200			1,288			(1,088	)
Operating expenses		7,830			4,621			3,209
Net loss	$	(7,630	)	$	(3,333	)	$	(4,297	)

Net loss was $7,630 for the three months ended May 31, 2024, and $3,333 net loss for the three months ended May 31, 2023. The increase in net loss from $3,333 for three months ended May 31, 2023, to $7,630 net loss for the three months ended May 31, 2024, was primarily due to a decrease in gross profit of $1,088 and an increase in operating expenses of $3,209.

Cost of goods sold for the three months ended May 31, 2024, and 2023, was $800 and $4,034, respectively. Operating expenses for the three months ended May 31, 2024, and 2023, were $7,830 and $4,621, respectively. Operating expenses during the three months ended May 31, 2024, and 2023, were primarily attributed to general and administration expenses of $1,895 and $121, and professional fees of $5,935 and $4,500, respectively.

Nine months ended May 31, 2024, compared to nine months ended May 31, 2023.

	Nine Months Ended
	May 31,
	2024			2023			Change
Revenue	$	4,400		$	16,234		$	(11,834	)
Cost of goods sold		3,340			13,346			(10,006	)
Gross profit		1,060			2,888			(1,828	)
Operating expenses		20,379			18,008			2,371
Net loss	$	(19,319	)	$	(15,120	)	$	(4,199	)

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Net loss was $19,319 for the nine months ended May 31, 2024, and $15,120 net loss for the nine months ended May 31, 2023. The increase in net loss from $15,120 for nine months ended May 31, 2023, to $19,319 net loss for the nine months ended May 31, 2024, was primarily due to a decrease in gross profit of $1,828 and an increase in operating expenses of $2,371.

Cost of goods sold for the nine months ended May 31, 2024, and 2023, was $3,340 and $13,346, respectively. Operating expenses for the nine months ended May 31, 2024, and 2023, were $20,379 and $18,008, respectively. Operating expenses during the nine months ended May 31, 2024, and 2023, were primarily attributed to general and administration expenses of $2,353 and $1,203, and professional fees of $18,026 and $16,805, respectively.

Liquidity and Capital

Our financial statements have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of business for the foreseeable future. There are no assurances that the Company will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or debt financing necessary to support its working capital requirements. To the extent that funds generated from operations and any private placements, public offerings and/or debt financing are insufficient, our Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to our Company. If adequate working capital is not available to our Company, it may be required to curtail or cease its operations.

As of May 31, 2024, and August 31, 2023, we had the following balance sheet amounts:

	May 31,			August 31,
	2024			2023			Change
Cash	$	1,017		$	2,151		$	(1,134	)
Total Assets		1,286			2,420			(1,134	)
Total Liabilities		109,688			91,503			18,185
Working Capital (Deficiency)	$	(108,402	)	$	(89,083	)	$	(19,319	)

As of May 31, 2024, our current and total assets were $1,286, consisting of cash of $1,017 and inventory of $269. As of August 31, 2023, our current and total assets were $2,420, consisting of cash of $2,151 and inventory of $269.

As of May 31, 2024, our total liabilities of $109,688 were all current liabilities, which consisted of accounts payable and accrued liabilities of $92,288 and due to related parties of $17,400. As of August 31, 2023, our total liabilities of $91,503 were all current liabilities, which consisted of $74,103 accounts payable and due to related parties of $17,400.

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Working Capital

The following table presents our working capital (deficit) position as of May 31, 2024, and August 31, 2023:

	As of			As of
	May 31,			August 31,
	2024			2023
Current Assets	$	1,286		$	2,420
Current Liabilities		109,688			91,503
Working Capital (Deficiency)	$	(108,402	)	$	(89,083	)

As of May 31, 2024, we had a working capital deficiency of $108,402 compared to working capital deficiency of $89,083 as of August 31, 2023. As of May 31, 2024, we had current assets of $1,286 (August 31, 2023 - $2,420) and current liabilities of $109,688 (August 31, 2023 - $91,503).

Cash Flow

We fund our operations with cash generated from sales, capital contributions, debt, and issuances of shares of our Common Stock.

The following table presents our cash flow for the nine months ended May 31, 2024, and 2023:

	Nine Months Ended
	May 31,
	2024			2023
Cash used in operating activities	$	(1,134	)	$	(5,957	)
Cash provided by financing activities		-			2,200
Net change in cash for the period	$	(1,134	)	$	(3,757	)

Cash Flows from Operating Activities

For the nine months ended May 31, 2024, net cash used in operating activities was $1,134 compared to $5,957 net cash used in operating activities during the nine months ended May 31, 2023. For the nine months ended May 31, 2024, we had a net loss of $19,319, which was reduced by a change in working capital of $18,185. For the nine months ended May 31, 2023, we had a net loss of $15,120, which was reduced by a change in working capital of $9,163.

Cash Flows used in Investing Activities

During the nine months ended May 31, 2024, and 2023, we had no investing activities.

Cash Flows from Financing Activities

For the nine months ended May 31, 2024, and 2023, we received $0 and $2,200 advance from the Company’s CEO and director, respectively.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

Critical Accounting Policies

We prepare our financial statements in conformity with Generally Accepted Accounting Principles (“GAAP”) of the United States, which requires management to make certain estimates and apply judgments. We base our estimates and judgments on historical experience, current trends and other factors that management believes to be important at the time the financial statements are prepared. On a regular basis, we review our accounting policies and how they are applied and disclosed in our financial statements.

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While we believe that the historical experience, current trends and other factors considered support the preparation of our financial statements in conformity with GAAP, actual results could differ from our estimates and such differences could be material.

Revenue recognition

Revenue is earned from the reselling of new and used sports equipment. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfils its obligations pursuant to each of its equipment sales transactions:

	·	identify the contract with a customer;
	·	identify the performance obligations in the contract;
	·	determine the transaction price;
	·	allocate the transaction price to performance obligations in the contract; and
	·	recognize revenue as the performance obligation is satisfied.

The Company operates as an on-line only retailer and utilizes eBay as its prime marketing channel. The Company currently relies on eBay, a third-party marketplace, to facilitate its sales. Such reliance on any third-party platform to generate revenues carries with it certain risks, including but not necessarily limited to: the Company could violate the terms of service and lose its selling privileges, or the sites themselves could experience technical issues and/or fail. The Company always strives to abide by the policies of any third-party platform and endeavors to provide superior customer service.

Typical sales transactions are usually fulfilled within twenty-four (24) hours of completing the transaction online. Contracts stating the transaction price and our performance obligation to deliver the ordered products are deemed to be entered into on eBay at the time the customer submits payment, which is conducted through the PayPal payment platform. Due to the instantaneous nature of a customer submitting an order online at a stated price and the same (or next)-day shipment of product, the Company does not anticipate that variable consideration or contract assets or liabilities will arise in the normal course of business.

Revenues are recognized based on the sales contract price, net of sales taxes, when control of the promised goods are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods. Our contracted prices primarily include cost of inventory, shipping and handling, eBay commission fee and our margin, which varies depending on each item. We may provide incentives to our customers from time-to-time, including discounts, coupons and rewards, which are treated as a reduction in revenue. The Company does not accept returns and clearly indicates this in our listings. However, if a customer receives an item that is not as described in the eBay listing, we must follow the eBay money-back guarantee policy which obligates us to issue a full refund within three (3) business days. We do not provide an estimate for returns as we do not anticipate any returns in the normal course of business.

Consignment Sales

The Company, as a consignee, provides a service to sell tennis racquets through its online marketplace with eBay. The Company retains a percentage of the proceeds received as payment for its consignment items, which the Company refers to as its “take rate.” The Company recognizes consignment revenue upon shipment of the consigned good to a customer as its performance obligation of providing consignment services to the consignor is satisfied at that point. The Company reports consignment revenue on a net basis as an agent and not the gross amount collected from a customer. Title to the consigned goods remain with the consignor until transferred to a customer subsequent to purchase of the consigned goods. In any event of damage or loss of consignment items, the Company will recognize an expense and will pay all related disbursements. The Company does not take title of consigned goods at any time.

Other Sales

The Company purchases used golf carts as their own inventory for resale. The Company reports revenue on a gross basis from amounts collected from the customer upon transferring the product to the buyer.

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Cost of Goods Sold

Cost of goods sold includes the following expenses: inventory costs and expenses related to eBay fees, repair, fuel and shipping services.

Concentration

As of May 31, 2024, and August 31, 2023 and for the nine months ended May 31, 2024 and 2023, customer and supplier concentrations (more than 10%) were as follows:

Revenue

During the nine months ended May31, 2024 and 2023, four (4) customers represented 100% and seven (7) customers represented 99.27% of our revenue were accounted for more than 10% of our revenue, respectively.

Purchases

During the nine months ended May 31, 2024 and 2023, four (4) suppliers represented 100% and seven (7) suppliers represented 100% of our purchases accounted for more than 10% of our purchases, respectively.

Accounts receivable

As of May 31, 2024, and August 31, 2023, the accounts receivable balances were nil.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

As a “smaller reporting company,” we are not required to provide the information required by this Item.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of May 31, 2024. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Management also confirmed that there was no change in our internal control over financial reporting during the period ended May 31, 2024, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

The specific material weakness identified by our management was ineffective controls over certain aspects of the financial reporting process because of a lack of a sufficient complement of personnel with a level of accounting expertise and an adequate supervisory review structure that is commensurate with our financial reporting requirements and inadequate segregation of duties. A “material weakness” is a deficiency, or combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our Company’s annual or interim financial statements would not be prevented or detected on a timely basis.

We expect to be materially dependent upon a third party to provide us with accounting consulting services for the foreseeable future. Until such time as we have a chief financial officer with the requisite expertise in U.S. GAAP, there are no assurances that the material weaknesses in our disclosure controls and procedures and internal control over financial reporting will not result in errors in our financial statements which could lead to a restatement of those financial statements.

Changes in Internal Controls

There have been no changes in our internal controls over financial reporting identified in connection with the evaluation required by paragraph (d) of Securities Exchange Act Rule 13a-15 or Rule 15d-15 that occurred in the quarter ended May 31, 2024, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II - OTHER INFORMATION

Item 1. Legal Proceedings

From time to time, we may become involved in litigation relating to claims arising out of our operations in the normal course of business. We are not involved in any pending legal proceeding or litigation, and, to the best of our knowledge, no governmental authority is contemplating any proceeding to which we are a party or to which any of our properties is subject, which would reasonably be likely to have a material adverse effect on us.

Item 1A. Risk Factors

As a “smaller reporting company,” we are not required to provide the information required by this Item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None.

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Item 6. Exhibits

The following exhibits are filed herewith or incorporated by reference to exhibits previously filed with the SEC.

Exhibit		INCORPORATED BY REFERENCE		Filing
Number	Exhibit Description	Form	Exhibit	Date

3.1	Articles of Incorporation	S-1/A	3.1	9/30/2019
3.2	Bylaws	S-1/A	3.2	9/30/2019
3.3	Amended and Restated Certificate of Incorporation	POS AM	3.3	12/11/2019
3.4	Amended and Restated Bylaws	POS AM	3.4	12/11/2019
31.1/31.2*	Certification of the Principal Executive Officer and Principal Financial Officer required by Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1/32.2**	Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350).
101*	Inline XBRL Document Set for the condensed financial statements and accompanying notes in Part I, Item 1, “Financial Statements” of this Quarterly Report on Form 10-Q.
104*	Inline XBRL for the cover page of this Quarterly Report on Form 10-Q, included in the Exhibit 101 Inline XBRL Document Set.

_____________

* Filed herewith

** Furnished herewith

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		Pacific Sports Exchange Inc.
		(Registrant)

Dated: July 11, 2024		/s/ Timothy Conte
		Timothy Conte
		Chief Executive Officer, President, and Director

nullnull

Cover - shares	9 Months Ended
Cover - shares	May 31, 2024	Jun. 28, 2024
Cover [Abstract]
Entity Registrant Name	PACIFIC SPORTS EXCHANGE INC.
Entity Central Index Key	0001765651
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--08-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	May 31, 2024
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		14,375,000
Entity File Number	000-56466
Entity Incorporation State Country Code	DE
Entity Tax Identification Number	83-1189007
Entity Address Address Line 1	2149 Rio De Janeiro Ave
Entity Address City Or Town	Punta Gorda
Entity Address State Or Province	FL
Entity Address Postal Zip Code	33983
City Area Code	877
Local Phone Number	571-5562
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

BALANCE SHEETS - USD ($)	May 31, 2024	Aug. 31, 2023
Current Assets
Cash	$ 1,017	$ 2,151
Inventory	269	269
Total Current Assets	1,286	2,420
Total Assets	1,286	2,420
Current Liabilities
Accounts payable and accrued liabilities	92,288	74,103
Due to related parties	17,400	17,400
Total Current Liabilities	109,688	91,503
Stockholders' Deficit
Preferred stock: 20,000,000 shares authorized; $0.001 par value; no shares issued and outstanding	0	0
Common stock: 200,000,000 shares authorized; $0.001 par value; 14,375,000 shares issued and outstanding, respectively.	14,375	14,375
Additional paid-in capital	62,691	62,691
Accumulated deficit	(185,468)	(166,149)
Total Stockholders' Deficit	(108,402)	(89,083)
Total Liabilities and Stockholders' Deficit	$ 1,286	$ 2,420

BALANCE SHEETS (Parenthetical) - $ / shares	May 31, 2024	Aug. 31, 2023
BALANCE SHEETS
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares issued	14,375,000	14,375,000
Common stock, shares outstanding	14,375,000	14,375,000

STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		9 Months Ended
STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
STATEMENTS OF OPERATIONS (UNAUDITED)
Revenues	$ 1,000	$ 5,322	$ 4,400	$ 16,234
Cost of goods sold	(800)	(4,034)	(3,340)	(13,346)
Gross profit	200	1,288	1,060	2,888
Operating Expenses
General and administrative	1,895	121	2,353	1,203
Professional fees	5,935	4,500	18,026	16,805
Total operating expenses	7,830	4,621	20,379	18,008
Loss from operations	(7,630)	(3,333)	(19,319)	(15,120)
Loss before income taxes	(7,630)	(3,333)	(19,319)	(15,120)
Provision for income taxes	0	0	0	0
Net loss	$ (7,630)	$ (3,333)	$ (19,319)	$ (15,120)
Basic and diluted loss per common share	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Basic and diluted weighted average common shares outstanding	14,375,000	14,375,000	14,375,000	14,375,000

STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT (UNAUDITED) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit
Balance, shares at Aug. 31, 2022		14,375,000
Balance, amount at Aug. 31, 2022	$ (63,050)	$ 14,375	$ 62,691	$ (140,116)
Net loss	(2,489)	$ 0	0	(2,489)
Balance, shares at Nov. 30, 2022		14,375,000
Balance, amount at Nov. 30, 2022	(65,539)	$ 14,375	62,691	(142,605)
Balance, shares at Aug. 31, 2022		14,375,000
Balance, amount at Aug. 31, 2022	(63,050)	$ 14,375	62,691	(140,116)
Net loss	(15,120)
Balance, shares at May. 31, 2023		14,375,000
Balance, amount at May. 31, 2023	(78,170)	$ 14,375	62,691	(155,236)
Balance, shares at Nov. 30, 2022		14,375,000
Balance, amount at Nov. 30, 2022	(65,539)	$ 14,375	62,691	(142,605)
Net loss	(9,298)	$ 0	0	(9,298)
Balance, shares at Feb. 28, 2023		14,375,000
Balance, amount at Feb. 28, 2023	(74,837)	$ 14,375	62,691	(151,903)
Net loss	(3,333)	$ 0	0	(3,333)
Balance, shares at May. 31, 2023		14,375,000
Balance, amount at May. 31, 2023	(78,170)	$ 14,375	62,691	(155,236)
Balance, shares at Aug. 31, 2023		14,375,000
Balance, amount at Aug. 31, 2023	(89,083)	$ 14,375	62,691	(166,149)
Net loss	(5,634)	$ 0	0	(5,634)
Balance, shares at Nov. 30, 2023		14,375,000
Balance, amount at Nov. 30, 2023	(94,717)	$ 14,375	62,691	(171,783)
Balance, shares at Aug. 31, 2023		14,375,000
Balance, amount at Aug. 31, 2023	(89,083)	$ 14,375	62,691	(166,149)
Net loss	(19,319)
Balance, shares at May. 31, 2024		14,375,000
Balance, amount at May. 31, 2024	(108,402)	$ 14,375	62,691	(185,468)
Balance, shares at Nov. 30, 2023		14,375,000
Balance, amount at Nov. 30, 2023	(94,717)	$ 14,375	62,691	(171,783)
Net loss	(6,055)	$ 0	0	(6,055)
Balance, shares at Feb. 29, 2024		14,375,000
Balance, amount at Feb. 29, 2024	(100,772)	$ 14,375	62,691	(177,838)
Net loss	(7,630)	$ 0	0	(7,630)
Balance, shares at May. 31, 2024		14,375,000
Balance, amount at May. 31, 2024	$ (108,402)	$ 14,375	$ 62,691	$ (185,468)

STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	May 31, 2024	May 31, 2023
Cash Flows from Operating Activities
Net loss	$ (19,319)	$ (15,120)
Changes in operating assets and liabilities:
Inventory	0	179
Accounts payable and accrued liabilities	18,185	8,984
Net cash used in operating activities	(1,134)	(5,957)
Cash Flows from Financing Activities
Proceeds from related party	0	2,200
Net cash provided by financing activities	0	2,200
Net change in cash for the period	(1,134)	(3,757)
Cash at beginning of period	2,151	7,899
Cash at end of period	1,017	4,142
Supplemental Cash Flow Information:
Cash paid for income taxes	0	0
Cash paid for interest	$ 0	$ 0

ORGANIZATION DESCRIPTION OF BUSINESS AND GOING CONCERN

9 Months Ended

May 31, 2024

ORGANIZATION DESCRIPTION OF BUSINESS AND GOING CONCERN

ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN

NOTE 1 – ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN

Going Concern

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

May 31, 2024

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Use of Estimates and Assumptions

Cash and Cash Equivalents

Inventory

Revenue Recognition

	·	identify the contract with a customer;
	·	identify the performance obligations in the contract;
	·	determine the transaction price;
	·	allocate the transaction price to performance obligations in the contract; and
	·	recognize revenue as the performance obligation is satisfied.

Consignment Sales

Other Sales

Cost of Goods Sold

Cost of goods sold includes the following expenses: inventory costs and expenses related to eBay fees, repair, fuel and shipping services.

Recent Accounting Pronouncements

RELATED PARTY TRANSACTIONS

9 Months Ended

May 31, 2024

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 3 – RELATED PARTY TRANSACTIONS

EQUITY

9 Months Ended

May 31, 2024

EQUITY

EQUITY

NOTE 4 – EQUITY

Preferred Stock

The Company has authorized 20,000,000 shares of Preferred Stock with a par value of $0.001 per share. No preferred stock was issued or outstanding as of May 31,2024 and August 31, 2023.

Common Stock

As of May 31,2024, and August 31,2023, the Company had 14,375,000 shares of Common Stock issued and outstanding.

CONCENTRATION

9 Months Ended

May 31, 2024

CONCENTRATION

CONCENTRATION

NOTE 5 – CONCENTRATION

As of May 31,2024, and August 31,2023 and for the nine months ended May 31,2024 and 2023, customer and supplier concentrations (more than 10%) were as follows:

Revenue

Purchases

Accounts receivable

As of May 31,2024, and August 31,2023, the accounts receivable balances were nil.

SUBSEQUENT EVENTS

9 Months Ended

May 31, 2024

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 6- SUBSEQUENT EVENTS

The Company has evaluated events occurring subsequent to May 31, 2024, through the issuance of the financial statements and determined that there are no additional events requiring disclosure.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

May 31, 2024

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Use of Estimates and Assumptions

Cash and Cash Equivalents

Inventory

Revenue Recognition

	·	identify the contract with a customer;
	·	identify the performance obligations in the contract;
	·	determine the transaction price;
	·	allocate the transaction price to performance obligations in the contract; and
	·	recognize revenue as the performance obligation is satisfied.

Consignment Sales

Other Sales

Cost of Goods Sold

Cost of goods sold includes the following expenses: inventory costs and expenses related to eBay fees, repair, fuel and shipping services.

Recent Accounting Pronouncements

ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN (Details Narrative) - USD ($)	May 31, 2024	Aug. 31, 2023
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN (Details Narrative)
Accumulated deficit	$ (185,468)	$ (166,149)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	May 31, 2024	Aug. 31, 2023	May 31, 2023	Aug. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Cash and cash equivalents	$ 1,017	$ 2,151	$ 4,142	$ 7,899

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	9 Months Ended
	May 31, 2024	May 31, 2023	Aug. 31, 2023
RELATED PARTY TRANSACTIONS
Proceeds from related party	$ 0	$ 2,200
Due to related parties	$ 17,400		$ 17,400

EQUITY (Details Narrative) - $ / shares	May 31, 2024	Aug. 31, 2023
EQUITY
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares issued	14,375,000	14,375,000
Common stock, shares outstanding	14,375,000	14,375,000

CONCENTRATION (Details Narrative)	9 Months Ended
CONCENTRATION (Details Narrative)	May 31, 2024	May 31, 2023
Concentration revenue	10.00%	10.00%
Concentration purchase	10.00%	10.00%
Seven customer [Member]
Concentration	99.27%	99.27%
Four Customers [Member]
Concentration	100.00%	100.00%
Purchases Member \| Four Supplier [Member]
Concentration	100.00%	100.00%
Purchases Member \| Seven Supplier [Member]
Concentration	100.00%	100.00%
Customer and Supplier [Member]
Concentration	10.00%	10.00%