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Table of Contents
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 July 31, 2024
or
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________ to__________
Commission File Number: 333-161240
Kashin, Inc.
(Exact name of registrant as specified in it's
charter)
Nevada |
|
26-4711535 |
(State or other jurisdiction of incorporation or organization) |
|
(I.R.S. Employer Identification No.) |
|
|
|
112 North Curry Street, Carson City, NV |
|
89703-4934 |
(Address of principal executive offices) |
|
(Zip Code) |
(626) 429-2780
(Registrant's telephone number, including area
code)
_____________________________________________________________
(Former name, former address and former fiscal
year, if changed since last report)
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
and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files). ☐ Yes ☒ No
Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer,"
"accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer |
☐ |
Accelerated filer |
☐ |
Non-accelerated filer |
☒ |
Smaller reporting company |
☒ |
(Do not check if a 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
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING
THE PRECEDING FIVE YEARS:
Indicate by check mark whether the registrant has filed all documents
and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of
securities under a plan confirmed by a court ☐ Yes ☐ No
APPLICABLE ONLY TO CORPORATE ISSUERS:
As of September 5, 2024, the Company had 68,560,745 common shares issued
and outstanding.
TABLE OF CONTENTS
KASHIN, INC
CONDENSED FINANCIAL STATEMENTS
July 31, 2024
Unaudited
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
KASHIN, INC
CONDENSED BALANCE SHEETS
Unaudited
| |
July 31, 2024 | |
April 30, 2024 |
| |
| |
|
ASSETS | |
| | | |
| | |
| |
| | | |
| | |
CURRENT ASSETS | |
| | | |
| | |
Cash | |
$ | 17 | | |
$ | 126 | |
TOTAL CURRENT ASSETS | |
$ | 17 | | |
$ | 126 | |
| |
| | | |
| | |
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | |
| | | |
| | |
| |
| | | |
| | |
CURRENT LIABILITIES | |
| | | |
| | |
Accounts payable and accrued liabilities | |
$ | 22,877 | | |
$ | 19,832 | |
Other Payables | |
| 78,361 | | |
| 78,156 | |
Notes Payable | |
| 0 | | |
| 0 | |
TOTAL CURRENT LIABILITIES | |
| 101,238 | | |
| 97,988 | |
| |
| | | |
| | |
STOCKHOLDERS' EQUITY (DEFICIT) | |
| | | |
| | |
Capital stock – Authorized 75,000,000
shares of common stock, $0.001
par value, 68,560,745 and 63,560,745 issued and outstanding as of July 31, 2024 and April 30, 2024, respectively | |
| 68,561 | | |
| 63,561 | |
Additional Paid in Capital | |
| 494,328 | | |
| 494,303 | |
Accumulated deficit | |
| (664,110 | ) | |
| (655,726 | ) |
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT) | |
| (101,221 | ) | |
| (97,862 | ) |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT) | |
$ | 17 | | |
$ | 126 | |
The accompanying notes are an integral part of
these financial statements
KASHIN, INC
fka ONE CLEAN PLANET, INC.
CONDENSED STATEMENTS OF OPERATIONS
Unaudited
| |
3 months ended | |
3 months ended |
| |
July 31, 2024 | |
July 31, 2023 |
REVENUE | |
| | | |
| | |
| |
| | | |
| | |
Revenues | |
$ | 120,000 | | |
$ | – | |
Total Revenues | |
| 120,000 | | |
| – | |
| |
| | | |
| | |
EXPENSES | |
| | | |
| | |
| |
| | | |
| | |
Office and general | |
| 696 | | |
| 6,030 | |
Professional Fees | |
| 127,688 | | |
| 25,000 | |
Total Expenses, before provision of income taxes | |
| 128,384 | | |
| 31,030 | |
| |
| | | |
| | |
Provision for income taxes | |
| – | | |
| – | |
| |
| | | |
| | |
NET LOSS | |
$ | (8,384 | ) | |
$ | (31,030 | ) |
| |
| | | |
| | |
BASIC AND DILUTED LOSS PER COMMON SHARE | |
$ | – | | |
$ | – | |
| |
| | | |
| | |
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | |
| 68,560,745 | | |
| 53,560,745 | |
The accompanying notes are an integral part of
these financial statements
All share and per share information has been retrospectively
restated to reflect the 35:1 reverse split
KASHIN, INC
fka ONE CLEAN PLANET, INC.
CONDENSED STATEMENTS OF STOCKHOLDERS’
EQUITY
Unaudited
| |
| |
| |
| |
| |
| |
|
| |
Common
Stock | |
Additional | |
Share | |
| |
|
| |
Number of | |
| |
Paid-in | |
Subscriptions | |
Accumulated | |
|
| |
Shares | |
Amount | |
Capital | |
Receivable | |
Deficit | |
Total |
Balance, April 30, 2020 | |
| 28,560,745 | | |
$ | 28,561 | | |
$ | 494,019 | | |
$ | – | | |
$ | (632,645 | ) | |
$ | (108,637 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Net profit for the year ended April 30, 2021 | |
| – | | |
| – | | |
| – | | |
| – | | |
| 98,572 | | |
| 98,572 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance, April 30, 2021 | |
| 28,560,745 | | |
$ | 28,561 | | |
$ | 494,019 | | |
$ | – | | |
$ | (534,073 | ) | |
$ | (11,493 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Net profit for the year ended April 30, 2022 | |
| – | | |
| – | | |
| – | | |
| – | | |
| (21,884 | ) | |
| (21,884 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance, April 30, 2022 | |
| 28,560,745 | | |
$ | 28,561 | | |
$ | 494,019 | | |
$ | – | | |
$ | (555,957 | ) | |
$ | (33,377 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Net profit for the year ended April 30, 2023 | |
| – | | |
| – | | |
| – | | |
| – | | |
| (35,021 | ) | |
| (35,021 | ) |
Stock issued new | |
| 25,000,000 | | |
| 25,000 | | |
| – | | |
| – | | |
| – | | |
| 25,000 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance, April 30, 2023 | |
| 53,560,745 | | |
$ | 53,561 | | |
$ | 494,019 | | |
$ | – | | |
$ | (590,978 | ) | |
$ | (43,398 | ) |
Additional Paid in Capital | |
| | | |
| | | |
| 284 | | |
| | | |
| | | |
| 284 | |
Net profit for the year ended April 30, 2024 | |
| – | | |
| – | | |
| – | | |
| – | | |
| (64,748 | ) | |
| (64,748 | ) |
Stock issued new | |
| 10,000,000 | | |
| 10,000 | | |
| – | | |
| – | | |
| – | | |
| 10,000 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance, April 30, 2024 | |
| 63,560,745 | | |
$ | 63,561 | | |
$ | 494,303 | | |
$ | – | | |
$ | (655,726 | ) | |
$ | (97,862 | ) |
Additional Paid in Capital | |
| | | |
| | | |
| 25 | | |
| | | |
| | | |
| 25 | |
Net profit for July 31, 2024 | |
| – | | |
| – | | |
| – | | |
| – | | |
| (8,384 | ) | |
| (8,384 | ) |
Stock issued new | |
| 5,000,000 | | |
| 5,000 | | |
| – | | |
| – | | |
| – | | |
| 5,000 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance, July 31, 2024 | |
| 68,560,745 | | |
$ | 68,561 | | |
$ | 494,328 | | |
$ | – | | |
$ | (664,110 | ) | |
$ | (101,221 | ) |
The accompanying notes are an integral part of
these financial statements
KASHIN, INC
fka ONE CLEAN PLANET, INC.
CONDENSED STATEMENTS OF CASH FLOWS
Unaudited
| |
3 months | |
3 months |
| |
ended | |
ended |
| |
July 31, 2024 | |
July 31, 2023 |
| |
| |
|
OPERATING ACTIVITIES | |
| | | |
| | |
Net loss | |
$ | (8,384 | ) | |
$ | (31,030 | ) |
Adjustment to reconcile net loss to net cash used in operating activities: | |
| | | |
| | |
Stock issued for consulting services | |
| – | | |
| – | |
Expenses paid on company's behalf by related party | |
| 205 | | |
| 30,673 | |
Increase (decrease) in accounts payable | |
| 3,045 | | |
| 357 | |
| |
| | | |
| | |
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | |
| (5,134 | ) | |
| – | |
| |
| | | |
| | |
FINANCING ACTIVITIES | |
| | | |
| | |
Proceeds from sale of common stock | |
| 5,000 | | |
| – | |
Notes Payable | |
| – | | |
| – | |
Loan from Related Party | |
| 25 | | |
| – | |
| |
| | | |
| | |
NET CASH PROVIDED BY FINANCING ACTIVITIES | |
| 5,025 | | |
| – | |
| |
| | | |
| | |
NET INCREASE (DECREASE) IN CASH | |
| (109 | ) | |
| – | |
| |
| | | |
| | |
CASH, BEGINNING OF PERIOD | |
| 126 | | |
| – | |
| |
| | | |
| | |
CASH, END OF PERIOD | |
$ | 17 | | |
$ | – | |
| |
| | | |
| | |
Supplemental cash flow & noncash financing activities: | |
| | | |
| | |
Common stock issued in exchange of payable assignment/settlement | |
$ | – | | |
$ | – | |
| |
| | | |
| | |
Cash paid for: | |
| | | |
| | |
Interest | |
$ | – | | |
$ | – | |
Income taxes | |
$ | – | | |
$ | – | |
The accompanying notes are an integral part of
these financial statements
KASHIN, INC.
NOTES TO THE INTERIM FINANCIAL STATEMENTS
Unaudited
July 31, 2024
NOTE 1 – CONDENSED FINANCIAL STATEMENTS
The accompanying financial statements have been prepared by the Company
without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly
the financial position, results of operations, and cash flows at July 31, 2024, and for all periods presented herein, have been made.
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. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto
included in the Company’s April 30, 2024 audited financial statements. The results of operations for the periods ended July 31,
2024 and the same period last year are not necessarily indicative of the operating results for the full years.
The Company changed its name on July 27, 2015 to Kashin, Inc. having
received FINRA’s approval.
NOTE 2 – GOING CONCERN
The Company’s financial statements are prepared in accordance
with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation
of liabilities in the normal course of business. Currently, the Company has a working capital deficit of $101,220, an accumulated deficit
of $664,110 and net loss from operations since inception of $664,110. The Company does not have a source of revenue sufficient to cover
its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of
additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company.
There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The Company
funded its initial operations by way of issuing Founder’s shares.
The officers and directors have committed to advancing
certain operating costs of the Company, including Legal, Audit, Transfer Agency and Edgarizing costs.
NOTE 3 – CAPITAL STOCK
The Company’s capitalization was reduced
to 75,000,000 common shares with a par value of $0.001 per share, on July 27, 2015. No preferred shares have been authorized or issued.
As of July 31, 2023, the Company has not granted
any stock options and has recorded $25,000 stock-based compensation.
On July 31, 2024, the Company had 68,560,745 common
shares issued and outstanding and on April 30, 2024 the Company had 63,560,745 common shares issued and outstanding.
NOTE 4 – RELATED PARTY TRANSACTIONS
The Company owes President, Caren Currier $78,361 for payments made
on behalf of the company.
NOTE 5 – RECENT ACCOUNTING PRONOUNCEMENTS
The company has evaluated all the recent accounting pronouncements
and believes that none of them will have a material effect on the company’s financial statement.
NOTE 6 – SUBSEQUENT EVENTS
On May 6,2023, Carl Maybin resigned as Officer and Director of KUSA
and appointed Caren Currier as President and Director. Along with his resignation, Carl Maybin acknowledged that he is no longer owed
any past compensation and forever cancels any and all indebtedness in both principal and interest.
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
This section of this report includes a number of forward-looking
statements that reflect our current views with respect to future events and financial performance. Forward looking statements are often
identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions or words which, by their nature,
refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this
report. These forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially
from historical results or our predictions.
Overview
On July 27, 2015, the Company approved and effected a name change to
Kashin, Inc. Kashin, Inc. fka Singular Chef, Inc. ("the Company", "our" or "we") was incorporated in the
State of Nevada as a for-profit company on April 09, 2009. The Company is a development stage company that intends to provide specialized
step-by-step cooking tutorials through the website we are currently developing for monthly subscribers and on pay-per-view basis.
Results of Operations
The Company has not yet generated any revenue from its operations and
has generated no revenues unrelated to its operations. Expenses for the three months ended July 31, 2024, were $8,384 resulting in a net
loss of $8,384 as compared to expenses for the three months ended July 31, 2023 of $31,030 resulting in a net loss of $31,030. The net
loss of $31,030 for the three months ended July 31, 2023 is a result of Revenues of $Nil, Office and general expenses of $357 consisting
primarily of transfer agent fees and Professional Fees of 30,673 as compared to the net loss of $8,384 for the three months ended July
31, 2024 is a result of Revenues of $Nil, Office and general expenses of $8,384 consisting primarily of transfer agent fees and Professional
Fees.
Capital Resources and Liquidity
Our auditors have issued a “going concern” opinion, meaning
that there is substantial doubt if we can continue as an on-going business for the next twelve months unless we obtain additional capital.
No substantial revenues are anticipated until we have implemented our plan of operations. With the exception of cash advances from our
sole Officer and Director, our only source for cash at this time is investments by others. We must raise cash to implement our strategy
and stay in business.
For the period ended July 31, 2024 and July 31, 2023, the Company had
cash of $17 and Nil respectively. Accounts payable and accrued liabilities for the period ended July 31, 2024 were $22,877. The funds
available to the Company will not be sufficient to fund the planned operations of the Company and maintain a reporting status.
As of July 31, 2024 and April 30, 2024, the Company has received $78,361
in loans and payment of expenses from a related party. As of July 31, 2023 and April 30, 2023, a second related party has paid expenses
of $72,428 respectively, on behalf of the Company.
Off-balance sheet arrangements
Other than the situation described in the section titled Capital Recourses
and Liquidity, the company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect
or change on the company's financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital
resources that are material to investors. The term “off-balance sheet arrangement” generally means any transaction, agreement
or other contractual arrangement to which an entity unconsolidated with the company is a party, under which the company has (i) any obligation
arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred
to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets.
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
The Company is a smaller reporting Company as defined by Rule 12b-2
of the Securities Act of 1934 and we are not required to provide the information under this item.
Item 4. Controls and Procedures.
Disclosure Controls and Procedures
Disclosure controls and procedures are controls and other procedures
that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange
Act of 1934 is recorded, processed, summarized and reported, within the time period specified in the SEC's rules and forms. Disclosure
controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed
in our reports filed or submitted under the Securities Exchange Act of 1934 is accumulated and communicated to management including our
principal executive officer and principal financial officer as appropriate, to allow timely decisions regarding required disclosure.
In connection with this quarterly report, as required by Rule 15d-15
under the Securities Exchange Act of 1934, we have carried out an evaluation of the effectiveness of the design and operation of our company's
disclosure controls and procedures. This evaluation was carried out under the supervision and with the participation of our company's
management, including our company's principal executive officer and principal financial officer. Based upon that evaluation, our company's
principal executive officer and principal financial officer concluded that subject to the inherent limitations noted in this Part II,
Item 9A(T) as of July 31, 2023, our disclosure controls and procedures were not effective due to the existence of material weaknesses
in our internal controls over financial reporting.
Changes in Internal Control Over Financial Reporting
There were no changes in our internal control over financial reporting
(as defined in Rule 13a-15(f) or 15d-15(f)) during the quarter ended July 31, 2024 that have materially affected, or are reasonably likely
to materially affect, our internal controls over financial reporting.
PART II—OTHER INFORMATION
Item 1. Legal Proceedings.
The Company is not a party to any pending legal proceedings, and no
such proceedings are known to be contemplated.
No director, officer, or affiliate of the Company and no owner of record
or beneficial owner of more than 5.0% of the securities of the Company, or any associate of any such director, officer or security holder
is a party adverse to the Company or has a material interest adverse to the Company in reference to pending litigation.
Item 1A. Risk Factors.
We are a smaller reporting company as defined by Rule 12b-2 of the
Securities Act of 1934 and are not required to provide the information under this item.
Item 2. Unregistered Sales of Securities and Use of Proceeds.
None
Item 3. Defaults Upon Senior Securities.
None
Item 4. Mine Safety Disclosures.
None
Item 5. Other Information.
During the quarter ended July
31, 2024, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule
10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
Item 6. Exhibits.
__________
* Included in Exhibit 31.1
** Included in Exhibit 32.1
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.
|
Kashin, Inc.
(Registrant) |
|
|
|
|
|
Date: September 10, 2024 |
By: |
/s/ Caren Currier |
|
|
|
Caren Currier |
|
|
|
President and Director
Principal and Executive Officer
Principal Financial Officer
Principal Accounting Officer |
|
EXHIBIT 31.1
CERTIFICATIONS
I, Caren Currier, certify that:
1. |
I have reviewed this quarterly report of Kashin, Inc.; |
|
|
2. |
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
|
|
3. |
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
|
|
4. |
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in the Exchange Act Rules 13a-15(f) and 15d – 15(f)) for the registrant and have: |
|
a) |
Designed such disclosure controls and procedures, or caused such controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
|
|
|
|
b) |
Designed such internal controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
|
|
|
|
c) |
Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
|
|
|
|
d) |
Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and |
5. |
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing equivalent functions): |
|
a) |
All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and, |
|
|
|
|
b) |
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. |
|
|
|
|
Date: September 10, 2024 |
By |
/s/ Caren Currier |
|
|
|
Caren Currier |
|
|
|
President, Principal Executive Officer,
Principal Financial Officer and Director |
|
|
|
|
|
EXHIBIT 32.1
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly Report on Form 10-Q for the period
ended July 31, 2024 of Kashin, Inc., a Nevada corporation (the “Company”), as filed with the Securities and Exchange Commission
on the date hereof (the "Quarterly Report"), I, Caren Currier, President and Chief Financial Officer of the Company certify,
pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
1. |
The Quarterly Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities and Exchange Act of 1934, as amended; and |
|
|
2. |
The information contained in this Quarterly Report fairly presents, in all material respects, the financial condition and results of operation of the Company. |
|
|
|
|
Date: September 10, 2024 |
By |
/s/ Caren Currier |
|
|
|
Caren Currier |
|
|
|
President, Principal Executive Officer,
Principal Financial Officer and Director |
|
v3.24.2.u1
Cover - shares
|
3 Months Ended |
|
Jul. 31, 2024 |
Sep. 05, 2024 |
Cover [Abstract] |
|
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Document Type |
10-Q
|
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Amendment Flag |
false
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Document Quarterly Report |
true
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Document Transition Report |
false
|
|
Document Period End Date |
Jul. 31, 2024
|
|
Document Fiscal Period Focus |
Q1
|
|
Document Fiscal Year Focus |
2025
|
|
Current Fiscal Year End Date |
--04-30
|
|
Entity File Number |
333-161240
|
|
Entity Registrant Name |
Kashin, Inc.
|
|
Entity Central Index Key |
0001467845
|
|
Entity Tax Identification Number |
26-4711535
|
|
Entity Incorporation, State or Country Code |
NV
|
|
Entity Address, Address Line One |
112 North Curry Street
|
|
Entity Address, City or Town |
Carson City
|
|
Entity Address, State or Province |
NV
|
|
Entity Address, Postal Zip Code |
89703-4934
|
|
City Area Code |
(626)
|
|
Local Phone Number |
429-2780
|
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No
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v3.24.2.u1
Balance Sheets (Unaudited) - USD ($)
|
Jul. 31, 2024 |
Apr. 30, 2024 |
CURRENT ASSETS |
|
|
Cash |
$ 17
|
$ 126
|
TOTAL CURRENT ASSETS |
17
|
126
|
CURRENT LIABILITIES |
|
|
Accounts payable and accrued liabilities |
22,877
|
19,832
|
Other Payables |
78,361
|
78,156
|
Notes Payable |
0
|
0
|
TOTAL CURRENT LIABILITIES |
101,238
|
97,988
|
STOCKHOLDERS' EQUITY (DEFICIT) |
|
|
Capital stock – Authorized 75,000,000 shares of common stock, $0.001 par value, 68,560,745 and 63,560,745 issued and outstanding as of July 31, 2024 and April 30, 2024, respectively |
68,561
|
63,561
|
Additional Paid in Capital |
494,328
|
494,303
|
Accumulated deficit |
(664,110)
|
(655,726)
|
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT) |
(101,221)
|
(97,862)
|
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT) |
$ 17
|
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v3.24.2.u1
Balance Sheets (Unaudited) (Parenthetical) - $ / shares
|
Jul. 31, 2024 |
Apr. 30, 2024 |
Statement of Financial Position [Abstract] |
|
|
Common Stock, Shares Authorized |
75,000,000
|
75,000,000
|
Common Stock, Par or Stated Value Per Share |
$ 0.001
|
$ 0.001
|
Common Stock, Shares, Issued |
68,560,745
|
63,560,745
|
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68,560,745
|
63,560,745
|
X |
- DefinitionFace amount or stated value per share of common stock.
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v3.24.2.u1
Condensed Statements of Operations (Unaudited) - USD ($)
|
3 Months Ended |
Jul. 31, 2024 |
Jul. 31, 2023 |
REVENUE |
|
|
Revenues |
$ 120,000
|
$ 0
|
Total Revenues |
120,000
|
0
|
EXPENSES |
|
|
Office and general |
696
|
6,030
|
Professional Fees |
127,688
|
25,000
|
Total Expenses, before provision of income taxes |
128,384
|
31,030
|
Provision for income taxes |
0
|
0
|
NET LOSS |
$ (8,384)
|
$ (31,030)
|
X |
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v3.24.2.u1
Condensed Statements of Operations (Unaudited) (Parenthetical) - $ / shares
|
3 Months Ended |
Jul. 31, 2024 |
Jul. 31, 2023 |
Income Statement [Abstract] |
|
|
Earnings Per Share, Basic |
$ 0
|
$ 0
|
Earnings Per Share, Diluted |
$ 0
|
$ 0
|
Weighted Average Number of Shares Outstanding, Basic |
68,560,745
|
53,560,745
|
Weighted Average Number of Shares Outstanding, Diluted |
68,560,745
|
53,560,745
|
X |
- DefinitionThe amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
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v3.24.2.u1
Condensed Statements of Stockholders Equity (Deficit) (Unaudited) - USD ($)
|
Common Stock [Member] |
Additional Paid-in Capital [Member] |
Share Subscriptions Receivable [Member] |
Retained Earnings [Member] |
Total |
Beginning balance, value at Apr. 30, 2020 |
$ 28,561
|
$ 494,019
|
$ 0
|
$ (632,645)
|
$ (108,637)
|
Shares, Outstanding, Beginning Balance at Apr. 30, 2020 |
28,560,745
|
|
|
|
|
Net profit |
|
|
|
98,572
|
98,572
|
Ending balance, value at Apr. 30, 2021 |
$ 28,561
|
494,019
|
0
|
(534,073)
|
(11,493)
|
Shares, Outstanding, Ending Balance at Apr. 30, 2021 |
28,560,745
|
|
|
|
|
Net profit |
|
|
|
(21,884)
|
(21,884)
|
Ending balance, value at Apr. 30, 2022 |
$ 28,561
|
494,019
|
0
|
(555,957)
|
(33,377)
|
Shares, Outstanding, Ending Balance at Apr. 30, 2022 |
28,560,745
|
|
|
|
|
Net profit |
|
|
|
(35,021)
|
(35,021)
|
Stock issued new |
$ 25,000
|
|
|
|
25,000
|
Stock issued new, shares |
25,000,000
|
|
|
|
|
Ending balance, value at Apr. 30, 2023 |
$ 53,561
|
494,019
|
0
|
(590,978)
|
(43,398)
|
Shares, Outstanding, Ending Balance at Apr. 30, 2023 |
53,560,745
|
|
|
|
|
Net profit |
|
|
|
(64,748)
|
(64,748)
|
Stock issued new |
$ 10,000
|
|
|
|
10,000
|
Stock issued new, shares |
10,000,000
|
|
|
|
|
Additional Paid in Capital |
|
284
|
|
|
284
|
Ending balance, value at Apr. 30, 2024 |
$ 63,561
|
494,303
|
0
|
(655,726)
|
(97,862)
|
Shares, Outstanding, Ending Balance at Apr. 30, 2024 |
63,560,745
|
|
|
|
|
Net profit |
|
|
|
(8,384)
|
(8,384)
|
Stock issued new |
$ 5,000
|
|
|
|
5,000
|
Stock issued new, shares |
5,000,000
|
|
|
|
|
Additional Paid in Capital |
|
25
|
|
|
25
|
Ending balance, value at Jul. 31, 2024 |
$ 68,561
|
$ 494,328
|
$ 0
|
$ (664,110)
|
$ (101,221)
|
Shares, Outstanding, Ending Balance at Jul. 31, 2024 |
68,560,745
|
|
|
|
|
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v3.24.2.u1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
|
3 Months Ended |
12 Months Ended |
Jul. 31, 2024 |
Jul. 31, 2023 |
Apr. 30, 2024 |
Apr. 30, 2023 |
OPERATING ACTIVITIES |
|
|
|
|
Net loss |
$ (8,384)
|
$ (31,030)
|
$ (64,748)
|
$ (35,021)
|
Adjustment to reconcile net loss to net cash used in operating activities: |
|
|
|
|
Stock issued for consulting services |
0
|
0
|
|
|
Expenses paid on company's behalf by related party |
205
|
30,673
|
|
|
Increase (decrease) in accounts payable |
3,045
|
357
|
|
|
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES |
(5,134)
|
0
|
|
|
FINANCING ACTIVITIES |
|
|
|
|
Proceeds from sale of common stock |
5,000
|
0
|
|
|
Notes Payable |
0
|
0
|
|
|
Loan from Related Party |
25
|
0
|
|
|
NET CASH PROVIDED BY FINANCING ACTIVITIES |
5,025
|
0
|
|
|
NET INCREASE (DECREASE) IN CASH |
(109)
|
0
|
|
|
CASH, BEGINNING OF PERIOD |
126
|
0
|
0
|
|
CASH, END OF PERIOD |
17
|
0
|
$ 126
|
$ 0
|
Supplemental cash flow & noncash financing activities: |
|
|
|
|
Common stock issued in exchange of payable assignment/settlement |
0
|
0
|
|
|
Cash paid for: |
|
|
|
|
Interest |
0
|
0
|
|
|
Income taxes |
$ 0
|
$ 0
|
|
|
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Pay vs Performance Disclosure - USD ($)
|
3 Months Ended |
12 Months Ended |
Jul. 31, 2024 |
Jul. 31, 2023 |
Apr. 30, 2024 |
Apr. 30, 2023 |
Apr. 30, 2022 |
Apr. 30, 2021 |
Pay vs Performance Disclosure [Table] |
|
|
|
|
|
|
Net Income (Loss) |
$ (8,384)
|
$ (31,030)
|
$ (64,748)
|
$ (35,021)
|
$ (21,884)
|
$ 98,572
|
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v3.24.2.u1
CONDENSED FINANCIAL STATEMENTS
|
3 Months Ended |
Jul. 31, 2024 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
CONDENSED FINANCIAL STATEMENTS |
NOTE 1 – CONDENSED FINANCIAL STATEMENTS
The accompanying financial statements have been prepared by the Company
without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly
the financial position, results of operations, and cash flows at July 31, 2024, and for all periods presented herein, have been made.
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. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto
included in the Company’s April 30, 2024 audited financial statements. The results of operations for the periods ended July 31,
2024 and the same period last year are not necessarily indicative of the operating results for the full years.
The Company changed its name on July 27, 2015 to Kashin, Inc. having
received FINRA’s approval.
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GOING CONCERN
|
3 Months Ended |
Jul. 31, 2024 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
GOING CONCERN |
NOTE 2 – GOING CONCERN
The Company’s financial statements are prepared in accordance
with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation
of liabilities in the normal course of business. Currently, the Company has a working capital deficit of $101,220, an accumulated deficit
of $664,110 and net loss from operations since inception of $664,110. The Company does not have a source of revenue sufficient to cover
its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of
additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company.
There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The Company
funded its initial operations by way of issuing Founder’s shares.
The officers and directors have committed to advancing
certain operating costs of the Company, including Legal, Audit, Transfer Agency and Edgarizing costs.
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CAPITAL STOCK
|
3 Months Ended |
Jul. 31, 2024 |
Equity [Abstract] |
|
CAPITAL STOCK |
NOTE 3 – CAPITAL STOCK
The Company’s capitalization was reduced
to 75,000,000 common shares with a par value of $0.001 per share, on July 27, 2015. No preferred shares have been authorized or issued.
As of July 31, 2023, the Company has not granted
any stock options and has recorded $25,000 stock-based compensation.
On July 31, 2024, the Company had 68,560,745 common
shares issued and outstanding and on April 30, 2024 the Company had 63,560,745 common shares issued and outstanding.
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v3.24.2.u1
RECENT ACCOUNTING PRONOUNCEMENTS
|
3 Months Ended |
Jul. 31, 2024 |
Recent Accounting Pronouncements |
|
RECENT ACCOUNTING PRONOUNCEMENTS |
NOTE 5 – RECENT ACCOUNTING PRONOUNCEMENTS
The company has evaluated all the recent accounting pronouncements
and believes that none of them will have a material effect on the company’s financial statement.
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SUBSEQUENT EVENTS
|
3 Months Ended |
Jul. 31, 2024 |
Subsequent Events [Abstract] |
|
SUBSEQUENT EVENTS |
NOTE 6 – SUBSEQUENT EVENTS
On May 6,2023, Carl Maybin resigned as Officer and Director of KUSA
and appointed Caren Currier as President and Director. Along with his resignation, Carl Maybin acknowledged that he is no longer owed
any past compensation and forever cancels any and all indebtedness in both principal and interest.
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CAPITAL STOCK (Details Narrative) - USD ($)
|
3 Months Ended |
15 Months Ended |
|
|
Jul. 31, 2023 |
Jul. 31, 2023 |
Jul. 31, 2024 |
Apr. 30, 2024 |
Equity [Abstract] |
|
|
|
|
Common Stock, Shares Authorized |
|
|
75,000,000
|
75,000,000
|
Common Stock, Par or Stated Value Per Share |
|
|
$ 0.001
|
$ 0.001
|
Preferred Stock, Shares Issued |
|
|
0
|
|
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross |
0
|
|
|
|
Stock issued for compensation, value |
|
$ 25,000
|
|
|
Common Stock, Shares, Issued |
|
|
68,560,745
|
63,560,745
|
Common Stock, Shares, Outstanding |
|
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68,560,745
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63,560,745
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