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Table of Contents

 

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 10-K

 

Mark One

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE

ACT OF 1934

 

For the fiscal year ended May 31, 2023

 

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

 

For the transition period from ______ to _______

 

Commission File No. 001-41533

 

LINKTORY INC.

(Exact name of registrant as specified in its charter)

 

Nevada

(State or Other Jurisdiction of

Incorporation or Organization)

7370

(Primary Standard Industrial

Classification Number)

EIN 98-1594163

(IRS Employer

Identification Number)

 

Bulevardi Deshmoret e Kombit, Twin Tower

Tirana, Albania 1001

+1-702-660-4903

linktoryinc@yahoo.com

(Address, including zip code, and telephone number,

including area code, of registrant’s principal executive offices)

 

Incorp Services, Inc

3773 Howard Hughes Parkway Suite 500 S

Las Vegas, NV 89169-6014

+1 (702) 866-2500

(Name, address and telephone number of agent for service)

 

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

 

Securities registered pursuant to section 12(g) of the Act: None

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

 

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

 

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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, 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. (Check one)

 

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

 

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

 

Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years. N/A

 

Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court. Yes ☐ No ☒

 

Class Outstanding as of May 31, 2023
Common Stock: $0.0001 5,920,000

 

The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the stock was last sold as of November 30, 2022 was $0.

 

 

 

 

   

 

 

TABLE OF CONTENTS

 

PART 1
ITEM 1 Description of Business 3
ITEM 1A Risk Factors 4
ITEM 1B Unresolved Staff comments 4
ITEM 2 Properties 4
ITEM 3 Legal Proceedings 4
ITEM 4 Mine Safety Disclosures 4
     
PART II
ITEM 5 Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 5
ITEM 6 (Reversed) 5
ITEM 7 Management's Discussion and Analysis of Financial Condition and Results of Operations 5
ITEM 7A Quantitative and Qualitative Disclosures about Market Risk 7
ITEM 8 Financial Statements and Supplementary Data 7
ITEM 9 Changes In and Disagreements with Accountants on Accounting and Financial Disclosure 7
ITEM 9A Controls and Procedures 7
ITEM 9B Other Information 9
ITEM 9C Disclosure Regarding foreign Jurisdictions that Prevent Inspections 9
     
PART III
ITEM 10 Directors, Executive Officers, Promoters and Control Persons of the Company 10
ITEM 11 Executive Compensation 11
ITEM 12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 11
ITEM 13 Certain Relationships and Related Transactions 12
ITEM 14 Principal Accountant Fees and Services 12
     
PART IV
ITEM 15 Exhibits 13

 

FORWARD-LOOKING STATEMENTS

 

This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

 

 

 

 

   

 

 

PART I

 

Item 1. Description of Business

 

GENERAL INFORMATION ABOUT OUR COMPANY

 

Linktory Inc. was incorporated in the State of Nevada on March 31, 2021. Our company is a new venture that intends to specialize in the creation, development, optimization and implementation of a complex product for the development of a service sector (restaurants, cafes, night clubs, karaoke, hotels, museums, etc.) by creating highly functional chatbots in popular messengers, such as Telegram and Facebook Messenger. In the future, we also plan to implement our product in other messengers: WhatsApp, Viber, WeChat etc.

 

We are planning to offer a full cycle of works, starting from the creation of chatbots according to the requirements of the customers, as well as by joining our existing unique services for the restaurant business, which has a wide functionality and capabilities, that will be useful both for the restaurants and other catering establishments and for their visitors also. With the help of our services and products, restaurants will be able to: add menus, accept table reservations, create event announcements, add information about news, promotions and discounts, accept payments, send mailings and notifications to those visitors who will subscribe for its news.

 

For the visitors of restaurants, cafes and other catering establishments, there will be a convenient opportunity to: reserve a table, to make an order in for a specific time), read the information about the dishes from the menu, pay the bill and learn about new products, services, promotions and events.

 

Contact – We are also planning to add a system of affiliate referral rewards for attracting new visitors.

 

We are currently negotiating with different restaurants in Tirana and Durres to launch our product directly in their establishments.

 

Our Web Site – The Company has already bought a website and two chatbots. They are fully functional and ready to use. 

Website address: https://linktorybot.com/. 

 

Our Chatbots – The chatbots addresses are: https://t.me/linktory_bot and https://m.me//linktory.inc/. In our chatbots, people can register as a restaurant owner or representative and as a restaurant visitor also. Each category of users has its own additional menus for more detailed and useful information.

 

Revenue

 

During the year ended May 31, 2023 we have generated $11,305 for consulting services provided and in May 31, 2022 the Company has generated $2,055. The Company possesses assets in a form of an operative website and two chatbots in Telegram and Facebook. We have already bought a website and two chatbots. They are fully functional and ready to use. 

 

 

 

 

 3 

 

 

Competition

 

The market for direct marketing is highly competitive.  Results of operations will depend upon numerous factors, some beyond our control, including regulatory actions, market acceptance of our products and services, new products and service introductions, and competition.

 

Marketing 

 

We plan to focus on direct sales online as we get started. Once we build a reputation and customer base, it will be easier to attract customers.  To promote our website and chatbots, we are planning to use On-line Directories and Databases and Social Media.

  

Item 1.A. Risk Factors.

 

Not required for Smaller reporting companies.

 

Item 1.B. Unresolved Staff Comments.

 

Not required for Smaller reporting companies.

 

Item 2. Properties.

 

Currently we don’t own any properties. Our business office is located at Bulevardi Deshmoret e Kombit, Twin Tower, Tirana, Albania 1001. This address was provided by sole officer and president, Granit Gjoni.

 

Our telephone number is +17026604903.

 

Item 3. Legal Proceedings.

 

We are not currently a party to any legal proceedings, and we are not aware of any pending or potential legal actions.

 

Item 4. Mine Safety Disclosures.

 

Not Applicable.

 

 

 

 

 4 

 

 

PART II

 

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities.

 

The company stock is not trading at the moment.

 

Registered Holders of our Common Stock

 

As of May 31, 2023, there were approximately 33 record owners of our common stock including director.

 

Dividends

 

The Company has never declared or paid cash dividends on its common stock and does not anticipate paying cash dividends in the foreseeable future.

 

Recent Sales of Unregistered Securities

 

During our fiscal years ended May 31, 2022 and 2023, we had no sales of unregistered shares.

 

Issuer Purchases of Equity Securities

 

During the fiscal year ended May 31, 2022, and 2023 the Company did not repurchase any shares of its Common Stock.

 

Item 6. [Reserved]

 

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

We are a development stage corporation with limited operations and little revenues from our business operations. Our auditors have issued a going concern opinion. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next twelve months. We do not anticipate that we will generate significant revenues until we have raised the funds necessary to conduct a marketing program.

 

PLAN OF OPERATION

 

FISCAL YEAR ENDED MAY 31, 2023 COMPARED TO FISCAL YEAR ENDED MAY 31, 2022.

 

Our net loss for the fiscal year ended May 31, 2023 was $40,949 compared to a net loss of $27,482 during the fiscal year ended May 31, 2022. For the year ended May 31, 2023 we have generated $11,305 for consulting services provided and for the year ended May 31, 2022 the Company has generated $2,055.

 

Expenses incurred were $52,254 during fiscal year ended May 31, 2023 compared to $29,537 during fiscal year ended May 31, 2022. Expenses increased due to the Company’s operational activities.

 

The number of shares outstanding was 5,920,000 for the fiscal years ended May 31, 2023 and 2022.

 

 

 

 

 5 

 

 

LIQUIDITY AND CAPITAL RESOURCES

 

FISCAL YEARS ENDED MAY 31, 2023 AND 2022.

 

As of May 31, 2023, our total assets were $11,332 consisting of capital raised from issuance of common stock and Intangible Asset.

 

As of May 31, 2022, our total assets were $34,210 consisting of capital raised from issuance of common stock and Intangible Asset.

 

Cash Flows from Operating Activities

 

We have not generated positive cash flows from operating activities for the fiscal years ended May 31, 2023 and 2022, net cash flows used in operating activities was $29,549 and $16,082.

 

Cash Flows from Investing Activities

 

We have not generated cash flows from investing activities for the fiscal years ended May 31, 2023 and 2022.

 

Cash Flows from Financing Activities

We have financed our operations primarily from either advances from our sole executive or the issuance of equity. For the fiscal year ended May 31, 2023, net cash provided by financing activities was $9,671. For the fiscal year ended May 31, 2022, net cash from financing activities was $38,292.

 

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.

  

GOING CONCERN

 

There is no historical financial information about us upon which to base an evaluation of our performance. We are in start-up stage operations and have not generated any revenues. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services and products.

 

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

 

The extent of the impact of the coronavirus (“COVID-19”) outbreak on the financial performance of the Company will depend on future developments, including the duration and spread of the outbreak and related advisories and restrictions and the impact of COVID-19 on the overall economy, all of which are highly uncertain and cannot be predicted. If the overall economy is impacted for an extended period, the Company’s future operating results may be materially adversely affected.

 

 

 

 

 6 

 

 

Critical Accounting Policies

 

The discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with the accounting principles generally accepted in the United States of America. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and expenses. These estimates and assumptions are affected by management’s application of accounting policies. We believe that understanding the basis and nature of the estimates and assumptions involved with the following aspects of our financial statements is critical to an understanding of our financial statements.

  

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and 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 expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.

 

Item 7A. Quantitative and Qualitative Disclosures about Market Risk

 

Not applicable to smaller reporting companies.

 

Item 8. Financial Statements and Supplementary Data

 

The Company’s Financial Statements required by Item 8, together with the reports thereon of the Independent Registered Public Accounting Firm are set forth on pages F-1 through F-9 of this report and are incorporated by reference in this Item 8.

 

Item 9. Changes in and Disagreements with Accounting and Financial Disclosures.

 

None.

 

Item 9A. Controls and Procedures.

 

Disclosure Controls and Procedures

 

Disclosure controls and procedures are designed to ensure that information required to be disclosed in the reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time period specified in the SEC’s rules and forms, and that such information is accumulated and communicated to management, including the CEO and CFO, as appropriate, to allow timely decisions regarding required disclosures. Our management necessarily applied its judgment in assessing the costs and benefits of such controls and procedures, which, by their nature, can provide only reasonable assurance regarding management’s control objectives.

 

Our management, with the participation of our CEO, evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this Report. Based upon this evaluation, our CEO concluded that our disclosure controls and procedures were not effective because of the identification of a material weakness in our internal control over financial reporting which is described below.

 

 

 

 

 7 

 

 

Management’s Report on Internal Control Over Financial Reporting

 

Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Rule 13a-15(f). Our internal control over financial reporting is a process designed to provide reasonable assurance to our management and board of directors regarding the reliability of financial reporting and the preparation of the financial statements for external purposes in accordance with U.S. GAAP.

 

Our internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of our assets; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. GAAP and our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our assets that could have a material effect on our financial statements.

  

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. All internal control systems, no matter how well designed, have inherent limitations, including the possibility of human error and the circumvention of overriding controls. Accordingly, even effective internal control over financial reporting can provide only reasonable assurance with respect to financial statement preparation. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

 

Our management assessed the effectiveness of our internal control over financial reporting as of May 31, 2023. In making this assessment, it used the criteria set forth by the Committee of Sponsoring Organizations of the Tread way Commission (“COSO”) in Internal Control-Integrated Framework (2013). Based on this evaluation, management concluded that that our internal control over financial reporting was not effective as of May 31, 2023. Our CEO concluded we have a material weakness due to lack of segregation of duties, a limited corporate governance structure, and a lack of a formal management review process over preparation of financial information. A material weakness is a deficiency, or a combination of control deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis.

 

Our size has prevented us from being able to employ sufficient resources to enable us to have an adequate level of supervision and segregation of duties within our system of internal control. Therefore, while there are some compensating controls in place, it is difficult to ensure effective segregation of accounting and financial reporting duties. Management reported the following material weaknesses:

 

·   Lack of segregation of duties in certain accounting and financial reporting processes including the initiation, processing, recording and approval of disbursements;
     
·   Our corporate governance responsibilities are performed by the Board of Directors, none of whom are independent under applicable standards; we do not have an audit committee or compensation committee. Our Board of Directors acts primarily by written consent without meetings which results in several of our corporate governance functions not being performed concurrent (or timely) with the underlying transactions, including evaluation of the application of accounting principles and disclosures relating to those transactions; and
     
·   Certain reports that we prepare, and accounting and reporting conclusions reached in connection with the financial statement preparation process are not subjected to a formal review process that includes multiple levels of review and are not submitted timely to the Board of Directors for review or approval.

 

While we strive to segregate duties as much as practicable, there is an insufficient volume of transactions at this point in time to justify additional full-time staff. We believe that this is typical in many development stage companies. We may not be able to fully remediate the material weakness until we commence operations at which time, we would expect to hire more staff. We will continue to monitor and assess the costs and benefits of additional staffing.

 

 

 

 

 8 

 

 

This Annual Report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant to the SEC rules that permit us to provide only management’s report in this Annual Report.

 

Changes in Internal Control Over Financial Reporting

 

There were no changes in our internal control over financial reporting that occurred during the year ended May 31, 2023, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

Item 9B. Other Information.

 

None.

 

Item 9C. Disclosures Regarding Foreign Jurisdictions that Prevent Inspections.

 

Not Applicable.

 

 

 

 



 

 

 

 

 

 

 

 9 

 

 

PART III

 

Item 10. Directors, Executive Officers, and Corporate Governance. 

 

The board of directors elects our executive officers annually. A majority vote of the directors who are in office is required to fill vacancies. Each director is elected for the term of one year, and until his or her successor is elected and qualified, or until his earlier resignation or removal. The name, address, age and position of our officers and directors are as follows:

 

Name and Address of Executive

Officer and/or Director

   Age   Position
         

Granit Gjoni

Bulevardi Deshmoret e Kombit, Twin Tower

Tirana, Albania 1001

   30   President, Secretary, Treasurer and Director

 

The person named above has held offices/positions since the inception of our Company and is expected to hold said offices/positions until the next annual meeting of our stockholders.

 

Resume

 

Granit Gjoni has acted as our President, Secretary, Treasurer and sole Director since our incorporation on March 31, 2021. 

 

Granit Gjoni has been our President, Secretary, Treasurer and sole Director since our incorporation on March 31, 2021. Granit Gjoni graduated from University of Tirana at 2010. At 2015 he has completed business administration courses. For the last 5 years Mr. Granit Gjoni worked as a system administrator, mostly as self-employed. His responsibilities included: system health monitoring, user administration, web service administration and configurations, network administration, user training. During this quarter he has been planning formation and operation of Linktory Inc. His specific knowledge, qualifications and skills have led to our conclusion that Mr. Gjoni is a suitable person to develop our business.

 

Delinquent Section 16(a) Reports

 

Our common stock is not registered pursuant to Section 12 of the Exchange Act of 1934, as amended (the “Exchange Act”). Accordingly, our officers, directors and principal stockholders are not subject to the beneficial ownership reporting requirements of Section 16(a) of the Exchange Act.

 

Code of Business Conduct

 

We have not adopted a Code of Business Conduct within the meaning of Item 406(b) of Regulation S-K. 

 

Board Committees

 

We do not have any Board Committees.

 

 

 

 10 

 

 

Item 11. Executive Compensation.

 

The table below summarizes the total compensation earned by each of our named executive Officers (“NEOs”) for each of the fiscal years listed.

  

SUMMARY COMPENSATION TABLE

 

Name   Position   Year   Salary ($)   Bonus ($)   Stock Awards ($)   Option Awards ($)   Non-Equity Incentive Plan Compensation ($)   All Other Compensation   Total Compensation ($)
Granit Gjoni   Treas, Sec.   2022   -0-   -0-   -0-   -0-   -0-   -0-   -0-
    Treas, Sec.   2023   -0-   -0-   -0-   -0-   -0-   -0-   -0-

 

(1) Mr. Granit Gjoni was elected as an officer and director on March 31, 2021 and the election became effective on March 31, 2021.

 

Since Inception on March 31, 2021, Granit Gjoni only a member of our Board of Director was not compensated for his services.

 

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matter.

 

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

 

Directors and Executive Officers

 

The following table sets forth the beneficial ownership (and the percentages of outstanding shares represented by such beneficial ownership) as of May 31, 2023, of (i) each director, (ii) the current NEOs named in the “Summary Compensation Table” contained in this Form 10-K and (iii) all current directors and executive officers as a group. Except as otherwise indicated, we believe that the beneficial owners of the common stock listed below, based on information provided by such owners, have sole investment and voting power with respect to such shares, subject to community property laws where applicable. Persons, who have the power to vote or dispose of common stock of the Company, either alone or jointly with others, are deemed to be beneficial owners of such common stock.

  

Granit Gjoni, President, CEO, Treasurer, Secretary and Chairman of the Board. 3,500,000 shares

 

Certain Stockholders

 

The following table sets forth certain information with respect to each person known by us to be the beneficial owner of five percent or more of either class of the Company’s outstanding common stock. The content of this table is based upon the most current information contained in Schedules 13D or 13G filings with the SEC, unless more recent information was obtained.

 

Granit Gjoni, President, CEO, Treasurer, Secretary and Chairman of the Board. 59%

 

 

 

 

 11 

 

 

Item 13. Certain Relationships and Related Transactions, and Director Independence.

 

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

 

On April 2, 2021, the Company issued 3,500,000 shares of common stock as a consideration to all the Company’s needs to sole officer, director, and related party, Granit Gjoni, at par value of $0.0001 per share or $350.

 

During the period from March 31, 2021 (Inception) to May 31, 2023, Granit Gjoni loaned $24,686 to the Company. This loan is non-interest bearing, due upon demand and unsecured.

  

Item 14. Principal Accountant Fees and Services.

 

FEES TO THE COMPANY’S AUDITORS

 

Set forth below is a summary of certain fees paid to our independent audit Gries & Associates, LLC. for services for the fiscal years 2023 and 2022, respectively.

 

Fee Category 

Fiscal Year

2023

  

Fiscal Year

2022

 
Audit Fees  $11,000   $11,000 
Tax Fees   –    – 
All Other Fees   –    – 
Total  $11,000   $11,000 

 

Audit Fees

 

Audit fees were for professional services rendered in connection with the audit of our annual financial statements set forth in our Annual Reports on Form 10-K, the review of our quarterly financial statements set forth in our Quarterly Reports on Form 10-Q and consents for other SEC filings.

 

Audit-Related Fees

 

Audit-related fees consist of fees billed for professional services for consultation on accounting matters.

 

Approval of Services Provided by Independent Registered Public Accounting Firm

 

The Board of Directors has considered whether the services provided under other non-audit services are compatible with maintaining the auditor’s independence and has determined that such services are compatible. The Board of Directors has adopted policies and procedures for pre-approving all non-audit work performed by the external auditors. The Board of Directors will annually pre-approve services in specified accounting areas. The Board of Directors also annually approves the budget for the annual generally accepted accounting principles (GAAP) audit.

 

 

 

 

 12 

 

 

PART IV

 

item 15. Exhibit and Financial Statement Schedules.

 

(a)(1) Financial Statements

 

The following documents are filed as part of this report:

 

The Financial Statements of Linktory Inc. at May 31, 2023, and for each of the two fiscal years in the period ended May 31, 2022, together with the reports of the Independent Registered Public Accounting Firms, are set forth on pages F-1 through F-9 of this Report.

 

(2) Not applicable.

 

(3) Exhibits

 

31.1   Certification of the Chief Executive Officer pursuant to Section 302 of Sarbanes-Oxley Act of 2002.
31.2   Certification of the Chief Financial Officer pursuant to Section 302 of Sarbanes-Oxley Act of 2002.
32   Certification by the Chief Executive and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS   Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)
101.SCH   Inline XBRL Taxonomy Extension Schema Document
101.CAL   Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF   Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB   Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE   Inline XBRL Taxonomy Extension Presentation Linkbase Document
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

(1) Incorporated by reference from the Company’s Registration Statement on Form S-1, SEC File No. 333-257813 as declared effective by the Commission on November 15, 2021.

 

Item 16. Form 10-K Summary.

 

None.

 

 

 

 

 

 

 

 

 13 

 

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15(d) 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 on August 1, 2023.

 

 

LINKTORY INC.  
     
By: /s/ Granit Gjoni  
  Granit Gjoni  
  President and Chief Executive Officer  

 

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities indicated on August 1, 2023.

 

 

Signature   Title
   
/s/ Granit Gjoni   President, Chief Executive Officer, Treasurer, Secretary, 
Granit Gjoni   and Director (Principal Executive Officer and Principal  Accounting Officer)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 14 

 

 

INDEX TO FINANCIAL STATEMENTS

 

Report of Independent Registered Public Accounting Firm F-1
Balance Sheets – May 31, 2023 and 2022 (Audited) F-3
Statements of Operations – for May 31, 2023 and 2022 (Audited) F-4
Statement of Changes in Stockholder’s Equity – From Inception March 31, 2021 through May 31, 2023 (Audited) F-5
Statements of Cash Flows – for May 31, 2023 and 2022 (Audited) F-6
Notes to the Financial Statements for May 31, 2023 and 2022 (Audited) F-7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 15 

 

 

Gries & Associates, LLC

Certified Public Accountants

501 S. Cherry Street Suite 1100

Denver, Colorado 80246

 

UNMODIFIED OPINION:

 

Comparative Financial Statements

 

Independent Auditor’s Report

 

Board of Directors and Shareholders

Linktory, Inc.

 

Report on the Audit of the Financial Statements1

 

Opinion

 

We have audited the financial statements of Linktory, Inc., which comprise the balance sheets as of May 31, 2023 and 2022, and the related statements of income, changes in stockholders’ equity, and cash flows for the years then ended, and the related notes to the financial statements.

 

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Linktory, Inc. as of May 31, 2023 and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.

 

Basis for Opinion

 

We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Linktory, Inc. and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

 

Responsibilities of Management for the Financial Statements

 

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

 

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Linktory, Inc.’s ability to continue as a going concern for one year after the date that the financial statements are issued [or when applicable, one year after the date that the financial statements are available to be issued].

 

 

 

 

 F-1 

 

 

Auditor’s Responsibilities for the Audit of the Financial Statements

 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

 

In performing an audit in accordance with GAAS, we:

 

·Exercise professional judgment and maintain professional skepticism throughout the audit.
·Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
·Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Linktory, Inc.’s internal control. Accordingly, no such opinion is expressed.
·Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
·Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about Linktory, Inc.’s ability to continue as a going concern for a reasonable period of time.

 

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.

 

Going Concern Uncertainty

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in note 2 to the financial statements, the Company has incurred losses since inception of $70,404. These factors create an uncertainty as to the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are also described in note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

 

Emphasis of Matter – Risks and Uncertainties

 

The Company is not able to predict the ultimate impact that COVID-19 will have on its business. However, if the current economic conditions continue, the pandemic could have an adverse impact on the economies and financial markets of many countries, including the geographical area in which the Company plans to operate.

 

/s/ Gries & Associates, LLC

 

We have served as the Company’s auditor since 2021.

 

Denver, CO

 

PCAOB # 6778

July 28, 2023

 

 

 

 

 F-2 

 

 

LINKTORY INC.

BALANCE SHEETS

(AUDITED)

 

   Year ended
May 31, 2023		   Year ended
May 31, 2022		 
ASSETS          
Current Assets          
Escrow Account  $2,332   $22,210 
Total Current Assets   2,332    22,210 
Non-Current Assets          
Fixed Assets (net)   –    – 
Intangible Assets (net)   9,000    12,000 
Total Non-Current Assets   9,000    12,000 
Total Assets  $11,332   $34,210 
           
LIABILITIES AND STOCKHOLDERS’ DEFICIT          
Liabilities          
Current Liabilities          
Accounts payable  $32,500   $24,100 
Related party advances   24,686    15,015 
Total Current Liabilities   57,186    39,115 
           
Stockholders’ Deficit          
Common stock, par value $0.0001; 75,000,000 shares authorized, 5,920,000 shares issued and outstanding, respectively;   592    592 
Additional Paid-in Capital   23,958    23,958 
Accumulated profits/ (deficit)   (70,404)   (29,455)
Total Stockholders’ Deficit   (45,854)   (4,905)
Total Liabilities and Stockholders Equity  $11,332   $34,210 

 

 

 

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

 

 

 

 

 

 

 F-3 

 

 

LINKTORY INC.

STATEMENTS OF OPERATIONS

(AUDITED)

 

 

  

For the Year ended

May 31, 2023

  

For the Year ended

May 31, 2022

 
REVENUES  $11,305   $2,055 
           
Operating Expenses   52,254    29,537 
           
NET LOSS FROM OPERATION   (40,949)   (27,482)
           
LOSS BEFORE TAXES   (40,949)   (27,482)
PROVISION FOR TAXES   –    – 
           
NET LOSS  $(40,949)  $(27,482)
           
NET LOSS PER SHARE: BASIC  $(0.00)  $(0.00)
NET LOSS PER SHARE: DILUTED  $(0.00)  $(0.00)
           
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC   5,920,000    5,345,168 
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: DILUTED   5,920,000    5,345,168 

 

 

 

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

 

 

 

 

 F-4 

 

 

LINKTORY INC.

STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)

From Inception on March 31, 2021 ended May 31, 2023

(AUDITED)

 

 

                     
   Common Stock   Additional Paid-in       Total Stockholder’s Equity 
   Shares   Amount   Capital   Deficit   (Deficit) 
Inception March 31, 2021   –   $–   $–   $–   $– 
Sale of common stock at $0.0001 per share on April 2, 2021   3,500,000    350    –    –    350 
Net loss for the period ended May 31, 2021   –    –    –    (1,973)   (1,973)
Balance, May 31, 2021   3,500,000   $350   $–   $(1,973)  $(1,623)
Net loss for the period ended August 31, 2021   –    –    –    (10,652)   (10,652)
Balance, August 31, 2021   3,500,000   $350   $–   $(12,625)  $(12,275)
Sale of common stock at $0.01 per share as of November 30, 2021   300,000    30    2,970    –    3,000 
Net loss for the period ended November 30, 2021   –    –    –    (6,298)   (6,298)
Balance, November 30, 2021   3,800,000   $380   $2,970   $(18,923)  $(15,573)
Sale of common stock at $0.01 per share as of February 28, 2022   1,845,000    185    18,265    –    18,450 
Net loss for the period ended February 28, 2022   –    –    –    (5,916)   (5,916)
Balance, February 28, 2022   5,645,000   $565   $21,235   $(24,839)  $(3,039)
Sale of common stock at $0.01 per share as of May 31, 2022   275,000    28    2,722    –    2,750 
Net loss for the period ended May 31, 2022   –    –    –    (4,616)   (4,616)
Balance, May 31, 2022   5,920,000   $592   $23,957   $(29,455)  $(4,905)
Net loss for the period ended May 31, 2023   –    –    –    (40,949)   (40,949)
Balance, May 31, 2023   5,920,000   $592   $23,958   $(70,404)  $(45,854)

 

 

 

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

 

 

 

 

 F-5 

 

 

LINKTORY INC.

STATEMENTS OF CASH FLOWS

(AUDITED)

 

 

  

For the Year ended

May 31, 2023

  

For the Year ended

May 31, 2022

 
CASH FLOWS FROM OPERATING ACTIVITIES          
Net loss for the period  $(40,949)  $(27,482)
Adjustments to reconcile net loss to net cash used in operating activities:          
Amortization of intangible assets   3,000    3,000 
Changes in assets and liabilities:          
Accounts payable   8,400    8,400 
CASH FLOWS USED IN OPERATING ACTIVITIES   (29,549)   (16,082)
           
CASH FLOWS FROM INVESTING ACTIVITIES          
Website development   –    –  
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES   –    – 
           
CASH FLOWS FROM FINANCING ACTIVITIES          
Shares issued at 0.01 per share   –    24,200 
Proceeds from related party advances   9,671    14,092 
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES   9,671    38,292 
           
Net Cash Increase for Period   (19,878)   22,210 
           
Cash at the beginning of Period   22,210    – 
Cash at end of Period  $2,332   $22,210 
           
SUPPLEMENTAL CASH FLOW INFORMATION:          
Interest paid  $–   $– 
Income taxes paid  $–   $– 

 

 

 

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

 

 

 

 

 F-6 

 

 

LINKTORY INC.

Notes to the Financial Statements

For the years ended May 31, 2023 and 2022

(ANAUDITED)

 

 

Note 1 – ORGANIZATION AND NATURE OF BUSINESS

 

Linktory Inc. was incorporated in the State of Nevada on March 31, 2021. Our company is a new venture, which intends to specialize in the creation, development, optimization and implementation of a complex product for the development of a service sector (restaurants, cafes, night clubs, karaoke, hotels, museums, etc.) by creating highly functional chatbots in popular messengers, such as Telegram and Facebook Messenger. In the future, we also plan to implement our product in other messengers: WhatsApp, Viber, WeChat etc.

 

Our principal place of business is located Bulevardi Deshmoret e Kombit, Twin Tower, Tirana, Albania 1001 is provided to us on a rent-free basis by our sole officer and director. Our telephone number is +17026604903.

 

Note 2 – GOING CONCERN

 

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”), which contemplate continuation of the Company as a going concern. The Company has an accumulated deficit of $70,404 and negative working capital $(45,854) for the year ended May 31, 2023. The Company has an accumulated deficit of $29,455 and negative working capital $(4,905) for the year ended May 31, 2022. The Company currently has losses and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

 

Note 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of presentation

 

The accompanying financial statements have been prepared in accordance with the rules and regulations (Regulation S-X) of the Securities and Exchange Commission (the “SEC”). In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations indicative of the operating results that may be expected for the year ended May 31, 2023 and 2022.

 

Revenue

 

In accordance with ASC 606, revenue is measured based on a consideration specified with a customer and recognized when we satisfy the performance obligation specified with a customer.

 

During the year ended May 31, 2023, we generated total revenue of $11,305.

 

 

 

 F-7 

 

 

Use of Estimates

 

The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Fair Value of Financial Instruments

 

Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820 "Fair Value Measurement" defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standards apply to recurring and nonrecurring fair value measurements of financial and non-financial assets and liabilities. The Company determines the fair values of its assets and liabilities based on a fair value hierarchy that includes three levels of inputs that may be used to measure fair value.

  

For the three levels are defined as follows:

 

Level 1: defined as observable inputs such as quoted prices in active markets;
Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and
Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

 

Due to its short-term nature, the carrying value of receivables, accounts payable, and advances approximated fair value at May 31, 2023.

 

Income Taxes

 

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

 

Long-Lived Assets – Intangible Assets

 

We account for our intangible assets in accordance with ASC Subtopic 350-30, General Intangibles Other Than Goodwill, and ASC Subtopic 360-10-05, Accounting for the Impairment or Disposal of Long-Lived Assets. ASC Subtopic 350-30 requires assets to be measured based on the fair value of the consideration given or the fair value of the assets (or net assets) acquired, whichever is more clearly evident and, thus, more reliably measurable. Further, ASC Subtopic 350-30 requires an intangible asset to be amortized over its useful life and for the useful life to be evaluated every reporting period to determine whether events or circumstances warrant a revision to the remaining period of amortization. If the estimate of useful life is changed the remaining carrying amount of the intangible asset is amortized prospectively over the revised remaining useful life. Costs of internally developing, maintaining, or restoring intangible assets are recognized as an expense when incurred.

 

Basic Income (Loss) Per Share

 

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share.” Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of May 31, 2023, there were no potentially dilutive debt or equity instruments issued or outstanding.

 

 

 

 F-8 

 

 

Recent Accounting Pronouncements

 

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

 

Risks and Uncertainties

 

The extent of the impact of the coronavirus ("COVID-19") outbreak on the financial performance of the Company will depend on future developments, including the duration and spread of the outbreak and related advisories and restrictions and the impact of COVID-19 on the overall economy, all of which are highly uncertain and cannot be predicted. If the overall economy is impacted for an extended period, the Company’s future operating results may be materially adversely affected.

 

The ultimate impact of the COVID-19 pandemic on the Company’s operations is unknown and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the COVID-19 outbreak, new information which may emerge concerning the severity of the COVID-19 pandemic, and any additional preventative and protective actions that governments, or the Company, may direct, which may result in an extended period of continued business disruption, reduced customer traffic and reduced operations. Any resulting financial impact cannot be reasonably estimated at this time but is anticipated to have a material adverse impact on our business, financial condition and results of operations.

  

Management expects that its business will be impacted to some degree, but the significance of the impact of the COVID-19 outbreak on the Company’s business and the duration for which it may have an impact cannot be determined at this time.

 

Financial Statement Reclassification

 

Certain account balances from prior periods have been reclassified in these financial statements to conform to current period classifications.

 

Note 4 – COMMON STOCK

 

The Company has 75,000,000, $0.0001 par value shares of voting common stock authorized.

 

All shares of common stock have voting rights and are identical. All holders of shares of common stock shall at every meeting of the stockholders be entitled to one vote for each share of the capital stock held by such stockholder.

 

On April 2, 2021, the Company issued 3,500,000 shares of common stock as a consideration to all the Company’s needs to sole officer, director, and related party, Granit Gjoni, at par value of $0.0001 per share or $350.

 

During second quarter ended November 30, 2021 the Company issued 300,000 common shares at $0.01 per share to four shareholders in consideration of $3,000.

 

During third quarter ended February 28, 2022 the Company issued 1,845,000 common shares at $0.01 per share to 24 shareholders in consideration of $18,450.

 

During the quarter ended May 31, 2022 the Company issued 275,000 common shares at $0.01 per share to 4 shareholders in consideration of $2,750.

 

As of May 31, 2023 the company had 5,920,000 shares issued and outstanding.

 

 

 

 

 F-9 

 

 

Note 5 – WEBSITE DEVELOPMENT COSTS

 

The Company purchased and possesses an asset in a form of an operative website and two highly functional chatbots. The Company purchased the website and two chatbots for $15,000 on May 31, 2021. Next period we plan to depreciate the asset straight-line over its five year useful life or $3,000 per year.

 

Balances as of May 31, 2023 and May 31, 2022 are as follows:

 

Schedule of intangible assets  May 31, 2023   May 31, 2022 
         
Website Assets Purchased  $15,000   $15,000 
Accumulated Depreciation   (6,000)   (3,000)
Net Book Value  $9,000   $12,000 

 

Note 6 – COMMITMENTS AND CONTINGENCIES

 

Our sole officer and director, Granit Gjoni, has agreed to provide his own premise for office needs. He will not take any fee for these premises, it is for free use.

 

Note 7 – SUBSEQUENT EVENTS

 

In accordance with SFAS 165 (ASC 855-10) the Company has analyzed its operations subsequent to May 31, 2023 to the date these financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements.

 

 

 

 

 

 

 

 

 

 

 

 

 F-10 

 

 

Exhibit 31.1

 

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT 2002

 

I, Granit Gjoni, certify that:

 

1.       I have reviewed this Annual Report on Form 10-K of Linktory 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 consolidated 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 Exchange Act Rules 13a-15d- 15(f) for the registrant and we have:

 

a)       Designed such disclosure controls and procedures, or caused such disclosure 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 control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with generally accepted accounting principles;

 

c)       Evaluated the effectiveness of the registrant's 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 registrant’s internal control over financial reporting that occurred during the registrant's 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, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the 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.

 

Dated: August 1, 2023

 

  By: /s/ Granit Gjoni
 

Granit Gjoni

Chief Executive Officer

 

 

Exhibit 31.2

 

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT 2002

 

I, Granit Gjoni, certify that:

 

1.       I have reviewed this Annual Report on Form 10-K of Linktory 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 consolidated 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 Exchange Act Rules 13a-15d- 15(f) for the registrant and we have:

 

a)       Designed such disclosure controls and procedures, or caused such disclosure 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 control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with generally accepted accounting principles;

 

c)       Evaluated the effectiveness of the registrant's 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 registrant’s internal control over financial reporting that occurred during the registrant's 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, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the 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.

 

Dated: August 1, 2023

 

  By: /s/ Granit Gjoni
 

Granit Gjoni

Chief Financial Officer

 

Exhibit 32

 

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 Annual Report of Linktory Inc. (the “Company”) on Form 10-K for the year ended May 31, 2023 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Granit Gjoni, Chief Executive Officer 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 to the best of my knowledge:

 

1.       The Report fully complies with the requirements of Section 13(a) or 15(d) of the Exchange Act of 1934; and

 

2.       The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Dated: August 1, 2023

 

  By:   /s/ Granit Gjoni
  Granit Gjoni
  Chief Executive Officer, Chief Financial Officer

 

 

 

v3.23.2
Cover - USD ($)
 12 Months Ended
May 31, 2023
Nov. 30, 2022
Cover [Abstract]    
Document Type 10-K  
Amendment Flag false  
Document Annual Report true  
Document Transition Report false  
Document Period End Date May 31, 2023  
Document Fiscal Period Focus FY  
Document Fiscal Year Focus 2023  
Current Fiscal Year End Date --05-31  
Entity File Number 001-41533  
Entity Registrant Name LINKTORY INC.  
Entity Central Index Key 0001867956  
Entity Tax Identification Number 98-1594163  
Entity Incorporation, State or Country Code NV  
Entity Address, Address Line One Bulevardi Deshmoret e Kombit  
Entity Address, City or Town Tirana  
Entity Address, Country AL  
Entity Address, Postal Zip Code 1001  
City Area Code 702  
Local Phone Number 660-4903  
Entity Well-known Seasoned Issuer No  
Entity Voluntary Filers No  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business true  
Entity Emerging Growth Company true  
Elected Not To Use the Extended Transition Period true  
Entity Shell Company false  
Entity Public Float   $ 0
Entity Common Stock, Shares Outstanding 5,920,000  
Document Financial Statement Error Correction [Flag] false  
Auditor Name Gries & Associates, LLC  
Auditor Location Denver, CO  
Auditor Firm ID 6778  
v3.23.2
Balance Sheets - USD ($)
May 31, 2023
May 31, 2022
Current Assets    
Escrow Account $ 2,332 $ 22,210
Total Current Assets 2,332 22,210
Non-Current Assets    
Fixed Assets (net) 0 0
Intangible Assets (net) 9,000 12,000
Total Non-Current Assets 9,000 12,000
Total Assets 11,332 34,210
Current Liabilities    
Accounts payable 32,500 24,100
Related party advances 24,686 15,015
Total Current Liabilities 57,186 39,115
Stockholders’ Deficit    
Common stock, par value $0.0001; 75,000,000 shares authorized, 5,920,000 shares issued and outstanding, respectively; 592 592
Additional Paid-in Capital 23,958 23,958
Accumulated profits/ (deficit) (70,404) (29,455)
Total Stockholders’ Deficit (45,854) (4,905)
Total Liabilities and Stockholders Equity $ 11,332 $ 34,210
v3.23.2
Balance Sheets (Parenthetical) - $ / shares
May 31, 2023
May 31, 2022
Statement of Financial Position [Abstract]    
Common Stock, Par or Stated Value Per Share $ 0.0001 $ 0.0001
Preferred Stock, Shares Authorized 75,000,000 75,000,000
Common Stock, Shares, Issued 5,920,000 5,920,000
Common Stock, Shares, Outstanding 5,920,000 5,920,000
v3.23.2
Statements of Operations - USD ($)
 12 Months Ended
May 31, 2023
May 31, 2022
Income Statement [Abstract]    
REVENUES $ 11,305 $ 2,055
Operating Expenses 52,254 29,537
NET LOSS FROM OPERATION (40,949) (27,482)
LOSS BEFORE TAXES (40,949) (27,482)
PROVISION FOR TAXES 0 0
NET LOSS $ (40,949) $ (27,482)
NET LOSS PER SHARE: BASIC $ (0.00) $ (0.00)
NET LOSS PER SHARE: DILUTED $ (0.00) $ (0.00)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC 5,920,000 5,345,168
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: DILUTED 5,920,000 5,345,168
v3.23.2
STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Beginning balance, value at Mar. 31, 2021 $ 0 $ 0 $ 0 $ 0
Shares, Outstanding, Beginning Balance at Mar. 31, 2021 0      
Sale of common stock at $0.01 per share as of May 31, 2022 $ 350 0 0 350
Stock Issued During Period, Shares, New Issues 3,500,000      
Net loss (1,973) (1,973)
Ending balance, value at May. 31, 2021 $ 350 (1,973) (1,623)
Shares, Outstanding, Ending Balance at May. 31, 2021 3,500,000      
Net loss (10,652) (10,652)
Ending balance, value at Aug. 31, 2021 $ 350 (12,625) (12,275)
Shares, Outstanding, Ending Balance at Aug. 31, 2021 3,500,000      
Beginning balance, value at May. 31, 2021 $ 350 (1,973) (1,623)
Shares, Outstanding, Beginning Balance at May. 31, 2021 3,500,000      
Net loss       (27,482)
Ending balance, value at May. 31, 2022 $ 592 23,957 (29,455) (4,905)
Shares, Outstanding, Ending Balance at May. 31, 2022 5,920,000      
Beginning balance, value at Aug. 31, 2021 $ 350 (12,625) (12,275)
Shares, Outstanding, Beginning Balance at Aug. 31, 2021 3,500,000      
Sale of common stock at $0.01 per share as of May 31, 2022 $ 30 2,970 0 3,000
Stock Issued During Period, Shares, New Issues 300,000      
Net loss (6,298) (6,298)
Ending balance, value at Nov. 30, 2021 $ 380 2,970 (18,923) (15,573)
Shares, Outstanding, Ending Balance at Nov. 30, 2021 3,800,000      
Sale of common stock at $0.01 per share as of May 31, 2022 $ 185 18,265 0 18,450
Stock Issued During Period, Shares, New Issues 1,845,000      
Net loss (5,916) (5,916)
Ending balance, value at Feb. 28, 2022 $ 565 21,235 (24,839) (3,039)
Shares, Outstanding, Ending Balance at Feb. 28, 2022 5,645,000      
Sale of common stock at $0.01 per share as of May 31, 2022 $ 28 2,722 0 2,750
Stock Issued During Period, Shares, New Issues 275,000      
Net loss (4,616) (4,616)
Ending balance, value at May. 31, 2022 $ 592 23,957 (29,455) (4,905)
Shares, Outstanding, Ending Balance at May. 31, 2022 5,920,000      
Net loss (40,949) (40,949)
Ending balance, value at May. 31, 2023 $ 592 $ 23,958 $ (70,404) $ (45,854)
Shares, Outstanding, Ending Balance at May. 31, 2023 5,920,000      
v3.23.2
CONDENSED STATEMENT OF CASH FLOWS - USD ($)
 12 Months Ended
May 31, 2023
May 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss for the period $ (40,949) $ (27,482)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of intangible assets 3,000 3,000
Changes in assets and liabilities:    
Accounts payable 8,400 8,400
CASH FLOWS USED IN OPERATING ACTIVITIES (29,549) (16,082)
CASH FLOWS FROM INVESTING ACTIVITIES    
Website development 0 0
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES 0 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Shares issued at 0.01 per share 0 24,200
Proceeds from related party advances 9,671 14,092
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 9,671 38,292
Net Cash Increase for Period (19,878) 22,210
Cash at the beginning of Period 22,210 0
Cash at end of Period 2,332 22,210
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 0 0
Income taxes paid $ 0 $ 0
v3.23.2
ORGANIZATION AND NATURE OF BUSINESS
 12 Months Ended
May 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
ORGANIZATION AND NATURE OF BUSINESS

Note 1 – ORGANIZATION AND NATURE OF BUSINESS

 

Linktory Inc. was incorporated in the State of Nevada on March 31, 2021. Our company is a new venture, which intends to specialize in the creation, development, optimization and implementation of a complex product for the development of a service sector (restaurants, cafes, night clubs, karaoke, hotels, museums, etc.) by creating highly functional chatbots in popular messengers, such as Telegram and Facebook Messenger. In the future, we also plan to implement our product in other messengers: WhatsApp, Viber, WeChat etc.

 

Our principal place of business is located Bulevardi Deshmoret e Kombit, Twin Tower, Tirana, Albania 1001 is provided to us on a rent-free basis by our sole officer and director. Our telephone number is +17026604903.

 
v3.23.2
GOING CONCERN
 12 Months Ended
May 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
GOING CONCERN

Note 2 – GOING CONCERN

 

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”), which contemplate continuation of the Company as a going concern. The Company has an accumulated deficit of $70,404 and negative working capital $(45,854) for the year ended May 31, 2023. The Company has an accumulated deficit of $29,455 and negative working capital $(4,905) for the year ended May 31, 2022. The Company currently has losses and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

 
v3.23.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 12 Months Ended
May 31, 2023
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Note 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of presentation

 

The accompanying financial statements have been prepared in accordance with the rules and regulations (Regulation S-X) of the Securities and Exchange Commission (the “SEC”). In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations indicative of the operating results that may be expected for the year ended May 31, 2023 and 2022.

 

Revenue

 

In accordance with ASC 606, revenue is measured based on a consideration specified with a customer and recognized when we satisfy the performance obligation specified with a customer.

 

During the year ended May 31, 2023, we generated total revenue of $11,305.

 

Use of Estimates

 

The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Fair Value of Financial Instruments

 

Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820 "Fair Value Measurement" defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standards apply to recurring and nonrecurring fair value measurements of financial and non-financial assets and liabilities. The Company determines the fair values of its assets and liabilities based on a fair value hierarchy that includes three levels of inputs that may be used to measure fair value.

  

For the three levels are defined as follows:

 

Level 1: defined as observable inputs such as quoted prices in active markets;
Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and
Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

 

Due to its short-term nature, the carrying value of receivables, accounts payable, and advances approximated fair value at May 31, 2023.

 

Income Taxes

 

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

 

Long-Lived Assets – Intangible Assets

 

We account for our intangible assets in accordance with ASC Subtopic 350-30, General Intangibles Other Than Goodwill, and ASC Subtopic 360-10-05, Accounting for the Impairment or Disposal of Long-Lived Assets. ASC Subtopic 350-30 requires assets to be measured based on the fair value of the consideration given or the fair value of the assets (or net assets) acquired, whichever is more clearly evident and, thus, more reliably measurable. Further, ASC Subtopic 350-30 requires an intangible asset to be amortized over its useful life and for the useful life to be evaluated every reporting period to determine whether events or circumstances warrant a revision to the remaining period of amortization. If the estimate of useful life is changed the remaining carrying amount of the intangible asset is amortized prospectively over the revised remaining useful life. Costs of internally developing, maintaining, or restoring intangible assets are recognized as an expense when incurred.

 

Basic Income (Loss) Per Share

 

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share.” Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of May 31, 2023, there were no potentially dilutive debt or equity instruments issued or outstanding.

 

Recent Accounting Pronouncements

 

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

 

Risks and Uncertainties

 

The extent of the impact of the coronavirus ("COVID-19") outbreak on the financial performance of the Company will depend on future developments, including the duration and spread of the outbreak and related advisories and restrictions and the impact of COVID-19 on the overall economy, all of which are highly uncertain and cannot be predicted. If the overall economy is impacted for an extended period, the Company’s future operating results may be materially adversely affected.

 

The ultimate impact of the COVID-19 pandemic on the Company’s operations is unknown and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the COVID-19 outbreak, new information which may emerge concerning the severity of the COVID-19 pandemic, and any additional preventative and protective actions that governments, or the Company, may direct, which may result in an extended period of continued business disruption, reduced customer traffic and reduced operations. Any resulting financial impact cannot be reasonably estimated at this time but is anticipated to have a material adverse impact on our business, financial condition and results of operations.

  

Management expects that its business will be impacted to some degree, but the significance of the impact of the COVID-19 outbreak on the Company’s business and the duration for which it may have an impact cannot be determined at this time.

 

Financial Statement Reclassification

 

Certain account balances from prior periods have been reclassified in these financial statements to conform to current period classifications.

 
v3.23.2
COMMON STOCK
 12 Months Ended
May 31, 2023
Equity [Abstract]  
COMMON STOCK

Note 4 – COMMON STOCK

 

The Company has 75,000,000, $0.0001 par value shares of voting common stock authorized.

 

All shares of common stock have voting rights and are identical. All holders of shares of common stock shall at every meeting of the stockholders be entitled to one vote for each share of the capital stock held by such stockholder.

 

On April 2, 2021, the Company issued 3,500,000 shares of common stock as a consideration to all the Company’s needs to sole officer, director, and related party, Granit Gjoni, at par value of $0.0001 per share or $350.

 

During second quarter ended November 30, 2021 the Company issued 300,000 common shares at $0.01 per share to four shareholders in consideration of $3,000.

 

During third quarter ended February 28, 2022 the Company issued 1,845,000 common shares at $0.01 per share to 24 shareholders in consideration of $18,450.

 

During the quarter ended May 31, 2022 the Company issued 275,000 common shares at $0.01 per share to 4 shareholders in consideration of $2,750.

 

As of May 31, 2023 the company had 5,920,000 shares issued and outstanding.

 
v3.23.2
WEBSITE DEVELOPMENT COSTS
 12 Months Ended
May 31, 2023
Website Development Costs  
WEBSITE DEVELOPMENT COSTS

Note 5 – WEBSITE DEVELOPMENT COSTS

 

The Company purchased and possesses an asset in a form of an operative website and two highly functional chatbots. The Company purchased the website and two chatbots for $15,000 on May 31, 2021. Next period we plan to depreciate the asset straight-line over its five year useful life or $3,000 per year.

 

Balances as of May 31, 2023 and May 31, 2022 are as follows:

 

Schedule of intangible assets  May 31, 2023   May 31, 2022 
         
Website Assets Purchased  $15,000   $15,000 
Accumulated Depreciation   (6,000)   (3,000)
Net Book Value  $9,000   $12,000 

 
v3.23.2
COMMITMENTS AND CONTINGENCIES
 12 Months Ended
May 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

Note 6 – COMMITMENTS AND CONTINGENCIES

 

Our sole officer and director, Granit Gjoni, has agreed to provide his own premise for office needs. He will not take any fee for these premises, it is for free use.

 
v3.23.2
SUBSEQUENT EVENTS
 12 Months Ended
May 31, 2023
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

Note 7 – SUBSEQUENT EVENTS

 

In accordance with SFAS 165 (ASC 855-10) the Company has analyzed its operations subsequent to May 31, 2023 to the date these financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements.
v3.23.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 12 Months Ended
May 31, 2023
Accounting Policies [Abstract]  
Basis of presentation

Basis of presentation

 

The accompanying financial statements have been prepared in accordance with the rules and regulations (Regulation S-X) of the Securities and Exchange Commission (the “SEC”). In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations indicative of the operating results that may be expected for the year ended May 31, 2023 and 2022.

 
Revenue

Revenue

 

In accordance with ASC 606, revenue is measured based on a consideration specified with a customer and recognized when we satisfy the performance obligation specified with a customer.

 

During the year ended May 31, 2023, we generated total revenue of $11,305.

 
Use of Estimates

Use of Estimates

 

The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 
Fair Value of Financial Instruments

Fair Value of Financial Instruments

 

Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820 "Fair Value Measurement" defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standards apply to recurring and nonrecurring fair value measurements of financial and non-financial assets and liabilities. The Company determines the fair values of its assets and liabilities based on a fair value hierarchy that includes three levels of inputs that may be used to measure fair value.

  

For the three levels are defined as follows:

 

Level 1: defined as observable inputs such as quoted prices in active markets;
Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and
Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

 

Due to its short-term nature, the carrying value of receivables, accounts payable, and advances approximated fair value at May 31, 2023.

 
Income Taxes

Income Taxes

 

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

 
Long-Lived Assets – Intangible Assets

Long-Lived Assets – Intangible Assets

 

We account for our intangible assets in accordance with ASC Subtopic 350-30, General Intangibles Other Than Goodwill, and ASC Subtopic 360-10-05, Accounting for the Impairment or Disposal of Long-Lived Assets. ASC Subtopic 350-30 requires assets to be measured based on the fair value of the consideration given or the fair value of the assets (or net assets) acquired, whichever is more clearly evident and, thus, more reliably measurable. Further, ASC Subtopic 350-30 requires an intangible asset to be amortized over its useful life and for the useful life to be evaluated every reporting period to determine whether events or circumstances warrant a revision to the remaining period of amortization. If the estimate of useful life is changed the remaining carrying amount of the intangible asset is amortized prospectively over the revised remaining useful life. Costs of internally developing, maintaining, or restoring intangible assets are recognized as an expense when incurred.

 
Basic Income (Loss) Per Share

Basic Income (Loss) Per Share

 

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share.” Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of May 31, 2023, there were no potentially dilutive debt or equity instruments issued or outstanding.

 
Recent Accounting Pronouncements

Recent Accounting Pronouncements

 

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

 
Risks and Uncertainties

Risks and Uncertainties

 

The extent of the impact of the coronavirus ("COVID-19") outbreak on the financial performance of the Company will depend on future developments, including the duration and spread of the outbreak and related advisories and restrictions and the impact of COVID-19 on the overall economy, all of which are highly uncertain and cannot be predicted. If the overall economy is impacted for an extended period, the Company’s future operating results may be materially adversely affected.

 

The ultimate impact of the COVID-19 pandemic on the Company’s operations is unknown and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the COVID-19 outbreak, new information which may emerge concerning the severity of the COVID-19 pandemic, and any additional preventative and protective actions that governments, or the Company, may direct, which may result in an extended period of continued business disruption, reduced customer traffic and reduced operations. Any resulting financial impact cannot be reasonably estimated at this time but is anticipated to have a material adverse impact on our business, financial condition and results of operations.

  

Management expects that its business will be impacted to some degree, but the significance of the impact of the COVID-19 outbreak on the Company’s business and the duration for which it may have an impact cannot be determined at this time.

 
Financial Statement Reclassification

Financial Statement Reclassification

 

Certain account balances from prior periods have been reclassified in these financial statements to conform to current period classifications.

 
v3.23.2
WEBSITE DEVELOPMENT COSTS (Tables)
 12 Months Ended
May 31, 2023
Website Development Costs  
Schedule of intangible assets
Schedule of intangible assets  May 31, 2023   May 31, 2022 
         
Website Assets Purchased  $15,000   $15,000 
Accumulated Depreciation   (6,000)   (3,000)
Net Book Value  $9,000   $12,000 
v3.23.2
GOING CONCERN (Details Narrative) - USD ($)
May 31, 2023
May 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Retained Earnings (Accumulated Deficit) $ 70,404 $ 29,455
Working Capital $ 45,854 $ 4,905
v3.23.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)
 12 Months Ended
May 31, 2023
May 31, 2022
Accounting Policies [Abstract]    
Revenues $ 11,305 $ 2,055
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 0  
v3.23.2
COMMON STOCK (Details Narrative) - USD ($)
 3 Months Ended 12 Months Ended
Apr. 02, 2021
May 31, 2022
Feb. 28, 2022
Nov. 30, 2021
May 31, 2023
May 31, 2022
Defined Benefit Plan Disclosure [Line Items]            
Common Stock, Shares Authorized         75,000,000  
Common Stock, Par or Stated Value Per Share   $ 0.0001     $ 0.0001 $ 0.0001
Proceeds from Issuance of Common Stock         $ 0 $ 24,200
Common Stock, Shares, Issued   5,920,000     5,920,000 5,920,000
Granit Gjoni [Member]            
Defined Benefit Plan Disclosure [Line Items]            
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture 3,500,000          
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture $ 350          
Four Shareholders [Member]            
Defined Benefit Plan Disclosure [Line Items]            
Stock Issued During Period, Shares, New Issues   275,000   300,000    
Proceeds from Issuance of Common Stock   $ 2,750   $ 3,000    
Twenty Four Shareholders [Member]            
Defined Benefit Plan Disclosure [Line Items]            
Stock Issued During Period, Shares, New Issues     1,845,000      
Proceeds from Issuance of Common Stock     $ 18,450      
v3.23.2
Website Costs (Details) - USD ($)
May 31, 2023
May 31, 2022
Website Development Costs    
Website Assets Purchased $ 15,000 $ 15,000
Accumulated Depreciation (6,000) (3,000)
Net Book Value $ 9,000 $ 12,000
v3.23.2
WEBSITE DEVELOPMENT COSTS (Details Narrative)
 1 Months Ended
May 31, 2021
USD ($)
Website and Chat Bots [Member]  
Finite-Lived Intangible Assets [Line Items]  
Payments to Acquire Other Productive Assets $ 15,000
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