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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-K

 

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

 

For the fiscal year ended February 29, 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 333-188648

 

  

ANVI GLOBAL HOLDINGS, INC.
(Exact name of registrant as specified in its charter)

 

Nevada       33-1226144
(State or Other Jurisdiction       (I.R.S. Employer
of Incorporation or Organization)       Identification No.)

 

Address of Principal Executive Office: 1135 Kildaire Farm Rd., Suite 319-4, Cary, NC 27511

 

Registrant’s telephone number, including area code: (408) 821-4491

 

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

 

Common Stock, $.001 par value

Title of Class

 

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 check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes  ☐ No
 
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒ Yes  ☐ No
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

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

 

If an emerging growth company, indicate by checkmark 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 has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐
 

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. ☐

 

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). 

 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). ☐ Yes  ☒ No
   
As of May 23, 2024, the registrant had 119,950,000 shares of common stock issued and outstanding. No market value has been computed based upon the fact that no active trading market has been established as of May 23, 2024.

 

 

 

 

 
 

 

 

 

 

TABLE OF CONTENTS

    PAGE
  PART I  
Item 1. Business.  1
     
Item 1A. Risk Factors.  1
     
Item 1B. Unresolved Staff Comments.  1
     
Item 1C. Cybersecurity 1
     
Item 2. Properties.  1
     
Item 3. Legal Proceedings.  1
     
Item 4. Mine Safety Disclosures.  1
     
  PART II  
Item 5. Market for Registrant’s Common Equity and Related Shareholder Matters and Issuer Purchases of Equity Securities.  2
     
Item 6. [Reserved]    2
     
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.  2
     
Item 7A. Quantitative and Qualitative Disclosures About Market Risk. 3
     
Item 8. Financial Statements and Supplementary Data. 3
     
Item 9. Changes In and Disagreements With Accountants on Accounting and Financial Disclosure.  12
     
Item 9A. Controls and Procedures.  12
     
Item 9B. Other Information.  12
     
Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections.  12
     
  PART III  
Item 10. Directors, Executive Officers and Corporate Governance.  13
     
Item 11. Executive Compensation.  14
     
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.  14
     
Item 13. Certain Relationships and Related Transactions, and Director Independence.  15
     
Item 14. Principal Accountant Fees and Services.  15
     
  PART IV  
Item 15. Exhibits, Financial Statement Schedules.  16
     
Item 16. Form 10-K Summary.  16
     
  Signatures 17

 

 

 
 

 

 

PART I

 

ITEM 1. BUSINESS

 

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. Throughout this Report, references to “we,” “us” “the Company,” “the Registrant,” etc., all refer to Anvi Global Holdings, Inc.

 

GENERAL

 

Anvi Global Holdings, Inc. was incorporated in the State of Nevada on August 15, 2012 and established a fiscal year end of February 28. We formed the Company to commence operations in the business of selling crepes; however, we abandoned that business when control of the Company was sold by Tatiana Fumioka, on May 6, 2014. As a result, we are now controlled by Rama Mohan R. Busa, the principal shareholder and sole officer and director.

 

Anvi Global Holdings, Inc now intends to become a diversified, global holdings company with interest in a suite of businesses in various key segments, including mining, infrastructure, heavy earthworks, health services and aerospace engineering, positioned globally. The Company’s objective is to maximize shareholder value through investing in and/or acquiring a portfolio of companies in emerging global markets like India, South America and Africa, adding value to the operating enterprises. The Company plans to invest in or acquire businesses which offer strategic market position, strong cash flows and robust future potential growth, which are complementary to each other. The Company intends to broaden and intensify positions in carefully selected investment areas and is poised to have strong presence across these countries. As of the date of this Annual Report, the Company has not invested in or acquired any assets or company.

 

ITEM 1A. RISK FACTORS

 

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and, as such, are not required to provide the information under this Item.

 

ITEM 1B. UNRESOLVED STAFF COMMENTS

 

None.

 

ITEM 1C. CYBERSECURITY

 

We have developed and maintain a cybersecurity risk management methodology intended to protect the confidentiality, integrity, and availability of our critical systems and information. Our cybersecurity risk management methodology is integrated into our overall enterprise risk management, and shares common methodologies, reporting channels and governance processes that apply across the Company to other legal, compliance, strategic, operational, and financial risk areas. As part of our overall risk management processes and procedures, we have instituted a cybersecurity awareness designed to identify, assess and manage material risks from cybersecurity threats. The cyber risk management methodology involves risk assessments, implementation of security measures and ongoing monitoring of systems and networks, including networks on which we rely. Through our cybersecurity awareness, the current threat landscape is actively monitored in an effort to identify material risks arising from new and evolving cybersecurity threats. We may engage external experts, including cybersecurity assessors, consultants and auditors to evaluate cybersecurity measures and risk management processes as needed. We also depend on and engage various third parties, including suppliers, vendors and service providers in connection with our operations. Our risk management, legal, and compliance personnel oversee and identify, including through a third-party cybersecurity service provider, material risks from cybersecurity threats associated with our use of such entities.

 

Cybersecurity Governance

 

Our Board of Directors oversees our risk management, including our information technology and cybersecurity policies, procedures, and risk assessments. Management reports to our Board of Directors on information security matters as necessary, regarding any significant cybersecurity incidents, as well as any incidents with lesser impact potential.

 

One of the key functions of our Board of Directors is informed oversight of our various processes for managing risk. An overall review of risk is inherent in our Board of Directors ongoing consideration of our long-term strategies, transactions and other matters presented to and discussed by the Board of Directors. This includes a discussion of the likelihood and potential magnitude of various risk.

 

ITEM 2. PROPERTIES

 

We do not own any real estate or other properties.

 

ITEM 3. LEGAL PROCEEDINGS

 

There are no material claims, actions, suits, proceedings, or investigations that are currently pending or, to the Company’s knowledge, threatened by or against the Company or respecting its operations or assets, or by or against any of the Company’s officers, directors, or affiliates.

 

ITEM 4. MINE SAFETY DISCLOSURE

 

None.

  

 

1 
 

 

PART II

 

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

 

Market Information

 

Our common shares are quoted on the OTC Markets website under the symbol “ANVI”. However, there has been no trading of our common shares.

 

Trading in stocks quoted on the OTC Markets website is often thin and is characterized by wide fluctuations in trading prices due to many factors that may be unrelated to a company’s operations or business prospects. We cannot assure you that there will be a market in the future for our common stock.

 

OTC Markets securities are not listed or traded on the floor of an organized national or regional stock exchange. OTC Markets issuers are predominantly smaller companies that do not meet the financial and other listing requirements of a regional or national stock exchange.

 

As of May 23, 2024, no shares of our common stock have traded.

 

Number of Holders

 

As of May 23, 2024, the 119,950,000 issued and outstanding shares of common stock were held by a total of 65 shareholders of record.

 

Dividends

 

We have not paid any cash dividends since our inception and do not foresee declaring any cash dividends on our common stock in the foreseeable future. 

 

Recent Sales of Unregistered Securities

 

None.

 

Purchase of our Equity Securities by Officers and Directors

 

None.

 

Other Stockholder Matters

 

None.

 

ITEM 6. [RESERVED]

 

 

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.

  

Results of Operations

 

The Company has incurred losses since inception resulting in an accumulated deficit of $2,018,732 as of February 29, 2024. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

 

We expect we will require additional capital to meet our long-term operating requirements, if and when we acquire any assets or a business. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

 

Fiscal year ended February 29, 2024 compared to the fiscal year ended February 28, 2023

 

Revenue

 

We did not recognize any revenue for the years ended February 29, 2024 and February 28, 2023.

 

Operating Expenses

General and administrative expenses were $199,426 for the year ended February 29, 2024, compared to $231,503 for the year ended February 28, 2023, a decrease of only $32,077. In the current year, we incurred $144,000 of expense from our service agreement with Anvi Global Inc. (previously with Strategic-IT Group Inc) (Note 4), professional fees of $27,614, travel expense of $769, OTC fees of $15,100, transfer agent fees of $1,100 and other general expenses of $10,843. In the prior period, we incurred $144,000 of expense from our service agreement with Strategic-IT Group Inc, professional fees of $31,565, travel expense of $17,724, OTC fees of $13,165, transfer agent fees of $15,610 and other general expenses of $9,439.

 

Other income

 

For the year ended February 29, 2024, we recognized a gain on forgiveness of debt of $14,051.

 

Net Loss

Our net loss for the year ended February 29, 2024, was $185,375 compared to $231,503 for the year ended February 28, 2023.

 

 

2 
 

Liquidity and Capital Resources

 

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities. For the year ended February 29, 2024, net cash flows used in operating activities was $69,018 compared to $81,514 in the prior year.

 

Cash Flows from Financing Activities

We have financed our operations primarily from advances from our CEO. For the year ended February 29, 2024, we received $68,785 from our CEO compared to $76,190 in the prior year.

 

Off-Balance Sheet Arrangements

 

We have not entered into any off-balance sheet arrangements and do not have any holdings in variable interest entities.

 

Critical Accounting Policies and Estimates

 

Refer to Note 2 of our financial statements contained elsewhere in this Annual Report for a summary of our critical accounting policies and recently adopted and issued accounting standards.

 

PLAN OF OPERATION AND FUNDING

 

We have no lines of credit or other bank financing arrangements capital and generate revenues to meet long-term operating requirements. If and when we commence any operations, additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.

 

We do not currently engage in enough business activities that provide cash flow. During the next twelve months we anticipate incurring costs related to:

 

  (i) filing of Exchange Act reports, and
  (ii) costs relating to developing our business plan

  

MATERIAL COMMITMENTS

 

As of the date of this Annual Report, we do not have any material commitments.

 

 

GOING CONCERN

 

The independent auditors' report accompanying our February 29, 2024 and February 28, 2023 financial statements contains an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize assets and satisfy liabilities and commitments in the ordinary course of business.

 

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

 

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

 

ANVI GLOBAL HOLDINGS, INC.

 

INDEX TO FINANCIAL STATEMENTS

 

Report of Independent Registered Public Accounting Firm (Fruci & Associates II, PLLC, Spokane, WA, Auditor Firm ID: 5525) 4
   
Balance Sheets as of February 29, 2024 and February 28, 2023 5
   
Statements of Operations for the Years Ended February 29, 2024 and February 28, 2023 6
   
Statements of Stockholders’ Deficit for the years ended February 29, 2024 and February 28, 2023 7
   
Statements of Cash Flows for the Years Ended February 29, 2024 and February 28, 2023 8
   
Notes to the Financial Statements 9

 

 

 

3 
 

 

 

 

 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Shareholders of Anvi Global Holdings, Inc.

Opinion on the Financial Statements

We have audited the accompanying balance sheets of Anvi Global Holdings, Inc. (“the Company”) as of February 29, 2024 and February 28, 2023, and the related statements of operations, stockholders’ deficit, and cash flows for each of the years in the two-year period ended February 29, 2024, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of February 29, 2024 and February 28, 2023 and the results of its operations and its cash flows for each of the years in the two-year period ended February 29, 2024, in conformity with accounting principles generally accepted in the United States of America.

Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the financial statements, the Company has had no revenue and an accumulated deficit. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matters

Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there were no critical audit matters.

 

 

Fruci & Associates II, PLLC – PCAOB ID #05525

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

 

Spokane, Washington

May 24, 2024  

 

 

 

4 
 

 

 

 

ANVI GLOBAL HOLDINGS, INC.

BALANCE SHEETS

 

         
  

February 29,

2024

  

February 28,

2023

 
ASSETS          
Current Assets:          
Cash  $1,334   $1,567 
Prepaids   13,000    12,500 
           
Total Current Assets   14,334    14,067 
           
Total Assets  $14,334   $14,067 
           
LIABILITIES AND STOCKHOLDERS' DEFICIT          
           
Current Liabilities:          
Accounts payable  $21,761   $48,904 
Accounts payable - related party   504,000    360,000 
Accrued liabilities - related party   900,000    900,000 
Due to an officer   548,805    480,020 
Total current   1,974,566    1,788,924 
           
Total Liabilities   1,974,566    1,788,924 
           
Commitments and contingencies   —      —   
           
Stockholders' Deficit:          
Preferred stock, $0.001 par value; 50,000,000 shares authorized no shares issued and outstanding   —      —   
Common stock, $0.001 par value; 500,000,000 shares authorized, 119,950,000 shares issued and outstanding   119,950    119,950 
Additional paid-in capital   (61,450)   (61,450)
Accumulated deficit   (2,018,732)   (1,833,357)
           
Total Stockholders’ Deficit   (1,960,232)   (1,774,857)
           
Total Liabilities and Stockholders' Deficit  $14,334   $14,067 

 

 

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

 

 

5 
 

 

 

ANVI GLOBAL HOLDINGS, INC.

STATEMENTS OF OPERATIONS

 

           
   For the Years Ended 
  

February 29,

2024

  

February 28,

2023

 
Operating Expenses:          
General and administrative expenses  $199,426   $231,503 
Total operating expenses   199,426    231,503 
           
Loss from operations   (199,426)   (231,503)
           
Other income:          
Gain on debt settlement   14,051    —   
Total other income   14,051    —   
           
Loss before income taxes   (185,375)   (231,503)
           
Provision for income taxes   —      —   
           
Net loss  $(185,375)   (231,503)
           
Basic loss per share  $(0.00)  $(0.00)
           
Basic weighted average shares   119,950,000    119,950,000 

 

 

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

 

 

6 
 

 

 

ANVI GLOBAL HOLDINGS, INC.

STATEMENTS OF STOCKHOLDERS' DEFICIT

 

                          
   Common Stock   Additional       Total 
   Shares   Amount  

Paid in

Capital

   Accumulated
Deficit		   Stockholders'
Deficit		 
Balance, February 28, 2022   119,950,000   $119,950   $(61,450)  $(1,601,854)  $(1,543,354)
Net Loss   —      —      —      (231,503)   (231,503)
Balance, February 28, 2023   119,950,000    119,950    (61,450)   (1,833,357)   (1,774,857)
Net Loss   —      —      —      (185,375)   (185,375)
Balance, February 29, 2024   119,950,000   $119,950   $(61,450)  $(2,018,732)  $(1,960,232)

 

 

 

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

 

 

7 
 

 

  

ANVI GLOBAL HOLDINGS, INC.

STATEMENTS OF CASH FLOWS

 

           
   For the Years Ended 
   February 29, 2024   February 28, 2023 
Cash flows from operating activities:          
Net loss  $(185,375)  $(231,503)
Adjustments to reconcile net loss to net cash used in operating activities:          
      Gain on debt settlement   (14,051)   —   
Changes in assets and liabilities:          
Prepaids   (500)   (650)
Accounts payable   (13,092)   6,639 
Accounts payable - related party   144,000    144,000 
Net cash used in operating activities   (69,018)   (81,514)
           
Cash flows from investing activities:   —      —   
           
Cash flows from financing activities:          
        Advances from an officer   68,785    76,190 
Net cash provided by financing activities   68,785    76,190 
           
Net change in cash   (233)   (5,324)
           
Cash, beginning of year   1,567    6,891 
           
Cash, end of year  $1,334   $1,567 
           
Cash paid during the period for:          
Interest  $—     $—   
Income taxes  $—     $—   

 

 

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

 

 

8 
 

 

ANVI GLOBAL HOLDINGS, INC.

NOTES TO FINANCIAL STATEMENTS

FEBRUARY 29, 2024

 

 

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

 

Anvi Global Holdings, Inc., (the “Company” “AGH”) was incorporated under the laws of the State of Nevada on August 15, 2012.

 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation

The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

 

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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates.

 

Concentrations of Credit Risk

We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.

 

Cash Equivalents

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents for the years ended February 29, 2024 and February 28, 2023.

 

Fair Value of Financial Instruments

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC Topic No. 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels, as described below:

 

Level 1: Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities.
   
Level 2: Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable, either directly or indirectly. Level 2 inputs include quoted prices for similar assets, quoted prices in markets that are not considered to be active, and observable inputs other than quoted prices such as interest rates.
   
Level 3: Level 3 inputs are unobservable inputs.

 

The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses and other payables approximate their fair value because of the short maturity of those instruments.

 

9 
 

 

 

Income taxes

Income taxes are provided for the tax effects of the transactions reported in the financial statements and consist of taxes currently due plus deferred taxes related primarily to tax net operating loss carryforwards. The deferred tax assets and liabilities represent the future tax return consequences of these differences, which will either be taxable or deductible when assets and liabilities are recovered or settled, as well as operating loss carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is established against deferred tax assets when in the judgment of management, it is more likely than not that such deferred tax assets will not become available. Because the judgment about the level of future taxable income is dependent to a great extent on matters that may, at least in part, be beyond the Company’s control, it is at least reasonably possible that management’s judgment about the need for a valuation allowance for deferred taxes could change in the near term.

Tax benefits are recognized only for tax positions that are more likely than not to be sustained upon examination by tax authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely to be realized upon settlement. A liability for “unrecognized tax benefits” is recorded for any tax benefits claimed in the Company’s tax returns that do not meet these recognition and measurement standards. As of February 29, 2024 and February 28, 2023, no liability for unrecognized tax benefits was required to be reported.

 

Stock-Based Compensation

In June 2018, the FASB issued ASU 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. ASU 2018-07 allows companies to account for nonemployee awards in the same manner as employee awards. The guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those annual periods. We adopted this ASU on January 1, 2019. The adoption of ASU 2018-07 did not have a material impact on our financial statements.

 

Net Income (Loss) Per Common Share

Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. There are no potentially dilutive shares as of February 29, 2024 and February 28, 2023.

 

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operation 

 

NOTE 3 - GOING CONCERN

 

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has had no revenue and has accumulated a deficit of $2,018,732 as of February 29, 2024. The Company requires capital for its contemplated operational and marketing activities. The Company’s ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. These conditions and the ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties.

 

The Company has discussed ways in order to mitigate conditions or events that may raise substantial doubt about its ability to continue as a going concern, there are no assurances that any of these measures will successfully mitigate or be effective at all. (1) The Company shall pursue financing plans to raise funds to judiciously spend towards operational expenses, (2) The Company shall continue to employ low cost measures to operate its business and analyze any unnecessary cost or expense, (3) The Company will seek to avoid unnecessary expenditures, travel, and lodging costs that are not mission critical to its business.

 

NOTE 4 – PREPAID TRANSACTIONS

 

As of February 29, 2024 and February 28, 2023, the Company had $13,000 and $12,500 of prepaid expenses, respectively, for OTC Market’s annual fee.

 

NOTE 5 – RELATED PARTY TRANSACTIONS

 

On May 28, 2014, the Company executed a service agreement with Strategic-IT Group Inc. Strategic-IT Group Inc. is owned and operated by Rama Mohan R. Busa, CEO. Services to be provided at $12,000 a month include, but are not limited to, providing office space, IT and related services, business consulting, and investor relations. On July 27, 2020, the service agreement was assigned to Anvi Global Inc (a company owned by the CEO). As of February 29, 2024 and February 28, 2023, the Company has an accrued, unpaid balance due of $900,000 and $900,000, respectively.

 

 

10 
 

On July 27, 2020, Strategic-IT Group Inc., assigned their service agreement with the Company to Anvi Global, Inc. All terms under the original agreement remain the same. Anvi Global, Inc. is owned by the CEO. As of February 29, 2024 and February 28, 2023, the Company has accounts payable due to Anvi Global, Inc. of $504,000 and $360,000, respectively.

 

Since 2018 Rama Mohan R. Busa, CEO, has advanced funds to the Company from his personal account and related companies. The advances are to pay for operating expenses, are unsecured, non-interest bearing and due on demand. As of February 29, 2024 and February 28, 2023, the balance due was $548,805 and $480,020, respectively.

 

NOTE 6 – INCOME TAXES

 

Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss, and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The U.S. federal income tax rate of 21.0% is being used.

 

Net deferred tax assets consist of the following components as of:

        
  

February 29,

2024

  

February 28,

2023

 
Deferred tax asset attributable to:          
Net operating loss carryover  $(424,000)  $(385,000)
Less: valuation allowance   424,000    385,000 
Net deferred tax asset  $—     $—   

 

The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the fiscal years ending, due to the following:

        
  

February 29,

2024

  

February 28,

2023

 
Federal income tax benefit attributable to:          
Current Operations  $39,000   $49,000 
Less: valuation allowance   (39,000)   (49,000)
Net provision for Federal income taxes  $—     $—   

 

At February 29, 2024, the Company had net operating loss carry forwards of approximately $424,000 that may be offset against future taxable income. NOLs from tax years up to 2017 can be carried forward twenty years. Under the CARES Act, the Company can carry forward NOLs indefinitely for NOLs generated in a tax year beginning after 2017, that remain after they are carried back to tax years in the five-year carryback period. No tax benefit has been reported in the February 29, 2024, financial statements since the potential tax benefit is offset by a valuation allowance of the same amount.

 

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards for Federal Income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for years before 2016.

 

NOTE 7 – SUBSEQUENT EVENTS

 

In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were available to be issued and has determined that it does not have any material subsequent events to disclose in these financial statements.

 

 

11 
 

 

 

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

 

None.

 

ITEM 9A. CONTROLS AND PROCEDURES.

 

Evaluation of Disclosure Controls and Procedures

 

Under the supervision and with the participation of our management, including the Chief Executive Officer who also acts as our Chief Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act) as of the end of the period covered by this report. The disclosure controls and procedures ensure that all information required to be disclosed by us in the reports that we file or submit under the Exchange Act is: (i) recorded, processed, summarized and reported, within the time periods specified in the SEC’s rule and forms; and (ii) accumulated and communicated to our management, including our Chief Executive Officer as appropriate to allow timely decisions regarding required disclosure. Based on that evaluation, the Chief Executive Officer concluded that, as of February 29, 2024, these disclosure controls and procedures were not effective.

 

Management’s Annual Report on Internal Control over Financial Reporting

 

The term “disclosure controls and procedures” (defined in SEC Rule 13a-15(e)) refers to the controls and other procedures of a company that are designed to ensure that information required to be disclosed by a company in the reports that it files under the Securities Exchange Act of 1934 (the “Exchange Act”) is recorded, processed, summarized and reported within required time periods. “Disclosure controls and procedures” include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the Company’s management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 

Management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)). The Company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. 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. Under the supervision and with the participation of management including its CEO & CFO, company conducted its evaluation of the effectiveness of the Company’s internal control over financial reporting as of February 29, 2024, using the criteria established in the 2013 “Internal Control - Integrated Framework” issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO "). Based on this evaluation, management concluded that our internal controls over financial reporting was not effective as of February 29, 2024.

 

A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis. The Company has yet to assess and establish effective internal control over financial reporting as of February 29, 2024, and as such, there might exist control deficiencies that in turn might have constituted and lead to material weaknesses, as described below, which list is not exhaustive but is intended to be illustrative to indicate such weaknesses. Our management identified the following material weaknesses in our internal control over financial reporting, which are indicative of many small companies with small staff: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines.

  

Changes in Internal Controls over Financial Reporting

 

Our management has determined that there were no changes made in the implementation of our internal controls over financial reporting during the fourth quarter of the year ended February 29, 2024.

 

Attestation Report of Independent Public Accounting Firm

 

This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting because as a smaller reporting company we are not subject to attestation by our independent registered public accounting firm pursuant to rules of the Securities and Exchange Commission that permit us to provide only management’s report in this annual report.

 

ITEM 9B. OTHER INFORMATION.

 

During the year ended February 29, 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 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS.

 

Not applicable.

   

 

12 
 

 

PART III

 

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.

 

DIRECTORS AND EXECUTIVE OFFICERS

 

The name, address and position of our present officer and director is set forth below:

 

Name and Address of Executive Officer and/or Director   Age   Position

Rama Mohan R. Busa

1135 Kildaire Farm Rd. Suite 319-4, Cary NC 27511

   59   CEO, CFO and sole Director

 

 

RAMA MOHAN R BUSA has been the Company’s CEO, CFO and sole Director since May 5, 2014. Mr. Busa graduated in Sciences from SV University, India in 1989. Thereafter he obtained an International Diploma in Computer Programming & Applications from NCC, UK (Indian affiliate) in 1990. He is a deeply accomplished and results-driven delivery entrepreneur. Since the year 1992, Rama Mohan R. Busa has been in the business of Information Technology and its related businesses. His industry experience includes global risk assessment, identifying sectors & opportunities within, creating networks, establishing relationships and international trade development & retailing. Mr. Busa is experienced in combining both his theoretical and practical acumen to solve business problems. In 2012, he ventured into the mining business and all associated activities linked to mining, such as extraction, excavation, processing, refining, grading, and carrying global trading of mined ores or metals, or other products or bi-products. He is currently the principal shareholder and controlling officer of ANVI Private. As the Registrant’s sole officer and director, Mr. Busa intends to devote such time as is required for the Registrant’s business and its operations as needed.

 

During the past ten years, Mr. Busa has not been the subject to any of the following events:

 

  1. Any bankruptcy petition filed by or against any business of which Mr. Busa was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time.
  2. Any conviction in a criminal proceeding or being subject to a pending criminal proceeding.
  3. An order, judgment, or decree, not subsequently reversed, suspended or vacated, or any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting Mr. Busa’s involvement in any type of business, securities or banking activities.
  4. Any finding by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission or the Commodity Future Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated.
  5. Any order, judgment or decree, not subsequently reversed, suspended or vacated, of any Federal or State authority barring, suspending or otherwise limiting for more than 60 days the right to engage in any securities activity, or to be associated with persons engaged in any such activity;
  6. Any finding by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated;
  7. Any subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of:
    i. Any Federal or State securities or commodities law or regulation; or
    ii. Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order; or
    iii. Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or
  8. Any subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

 

 

13 
 

 

 

ITEM 11. EXECUTIVE COMPENSATION.

 

The table below summarizes all compensation awarded to, earned by, or paid to our executive officers by any person for all services rendered in all capacities to us for the fiscal period in the fiscal years ended February 29, 2024 and February 28, 2023:

 

Summary Compensation Table

 

Name and Principal Position   Year    

Salary

($)

    

Bonus

($)

    

Stock

Awards

($)

    

Option

Awards

($)

    

Non-Equity

Incentive Plan

Compensation

($)

    

Nonqualified

Deferred

Compensation

($)

    

All Other

Compensation

($)

    

Total

($)

  
Rama Mohan R. Busa   2024       -0-       -0-       -0-       -0-       -0-       -0-       -0-       -0-  
    2023       -0-       -0-       -0-       -0-       -0-       -0-       -0-       -0-  

 

There are no current employment agreements between the Company and its sole officer. The compensation discussed herein addresses all compensation awarded to, earned by, or paid to our named executive officer. There are no other stock option plans, retirement, pension, or profit sharing plans for the benefit of our officers and directors other than as described herein.

 

As of February 29, 2024, we had no pension plans or compensatory plans or other arrangements which provide compensation in the event of a termination of employment or a change in our control.

 

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

 

The following table provides certain information regarding the ownership of our common stock, as of February 29, 2024 and as of the date of the filing of this annual report by:

 

  ·   each of our executive officers;
  ·   each director;
  ·   each person known to us to own more than 5% of our outstanding common stock; and
  ·   all of our executive officers and directors and as a group.

 

Title of Class   Name and Address of Beneficial Owner  

Amount and Nature of 

Beneficial Ownership

   Percentage
    Directors and named Executive Officers        
Common Stock  

Rama Mohan R. Busa

1135 Kildaire Farm Rd, Suite 319-4

Cary, NC 27511

   83,478,042 shares of common stock (1)     69.60%
    All officers and directors (1 person)   83,478,042 shares of common stock (1)     69.60%
               
    Beneficial Owners of 5% or more          
Common Stock  

Dushyant Reddy Chavva

Plot 242/B Rd #76,

Jubilee Hills, Telangana, Hyderabad, India

   12,810,000 shares of common stock     10.68%

———————

 

 

  (1) Includes 11,478,042 shares owned by Anvi Global, Inc., a privately-owned company of which Rama Mohan R. Busa is the majority shareholder and CEO.

 

The percentage of class is based on 119,950,000 shares of common stock issued and outstanding as of the date of this annual report.

 

14 
 

 

 

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.

 

On May 28, 2014, the Company executed a service agreement with Strategic-IT Group Inc. Strategic-IT Group Inc. is owned and operated by Rama Mohan R. Busa, CEO. Services to be provided at $12,000 a month include, but are not limited to, providing office space, IT and related services, business consulting, and investor relations. On July 27, 2020, the service agreement was assigned to Anvi Global Inc (a company owned by the CEO). As of February 29, 2024 and February 28, 2023, the Company has an accrued, unpaid balance due of $900,000 and $900,000, respectively.

 

On July 27, 2020, Strategic-IT Group Inc., assigned their service agreement with the Company to Anvi Global, Inc. All terms under the original agreement remain the same. Anvi Global, Inc. is owned by the CEO. As of February 29, 2024 and February 28, 2023, the Company has accounts payable due to Anvi Global, Inc. of $504,000 and $360,000, respectively.

 

Since 2018 Rama Mohan R. Busa, CEO, has advanced funds to the Company from his personal account and related companies. The advances are to pay for operating expenses, are unsecured, non-interest bearing and due on demand. As of February 29, 2024 and February 28, 2023, the balance due was $548,805 and $480,020, respectively.

 

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

 

Below is the aggregate amount of fees billed for professional services rendered by our principal accountants, Fruci & Associates II, PLLC, with respect to our last fiscal year.

 

    2024     2023  
Audit fees   $ 16,920     $ 16,250  
Audit related fees   $ —     $ —  
Tax fees   $ —     $ —  
All other fees   $ —     $ —  
Total   $ 16,920     $ 16,250  

 

All of the professional services rendered by principal accountants for the audit of our annual financial statements that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for last two fiscal years were approved by our board of directors.

 

Audit Fees

 

Consist of fees billed for professional services rendered for the audit of our financial statements and review of interim financial statements included in quarterly reports and services that are normally provided by the principal accountants in connection with statutory and regulatory filings or engagements.

 

Audit Related Fees

 

Consist of fees billed for assurance and related services that are reasonably related to the performance of the audit or review of our financial statements and are not reported under “Audit Fees”.

 

Tax Fees

 

Consist of fees billed for professional services for tax compliance, tax advice and tax planning. These services include preparation of federal and state income tax returns.

 

All Other Fees

 

Consist of fees for product and services other than the services reported above. 

 

 

15 
 

 

PART IV

 

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES.

 

The following exhibits are filed as part of this Annual Report.

 

Exhibits:

 

Exhibit Exhibit Description Filed
herewith		 Form Period
ending		 Exhibit Filing
 date
31.1 Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 X        
32.1 Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 X        
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) X        
101.SCH Inline XBRL Taxonomy Extension Schema Document X        
101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document X        
101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Definition X        
101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document X        
101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document X        
104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) X        

 

ITEM 16. FORM 10-K SUMMARY.

 

None.

 

16 
 

 

  

SIGNATURES

 

In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: May 24, 2024

 

  ANVI GLOBAL HOLDINGS, INC.
     
     
  By: /s/ Rama Mohan R. Busa
   

Rama Mohan R. Busa

Chief Executive Officer and Chief Financial Officer

 

 

 

 

 

 

 

17 
 

Exhibit 31.1

 

CERTIFICATION

 

I, Rama Mohan R. Busa, Chief Executive Officer and Chief Financial Officer of ANVI GLOBAL HOLDINGS, INC., certify that:

 

1. I have reviewed this Annual Report on Form 10-K of ANVI GLOBAL HOLDINGS, INC.;

 

2. Based on my knowledge, this report does not contain any untrue statement of 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. I am 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-15(f) and 15d-15(f)) for the registrant and have:

 

a) designed such disclosure controls and procedures, or caused such disclosure control and procedures to be designed under my supervision, to ensure that material information relating to the registrant, is made known to me 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 my 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 registrant's disclosure controls and procedures and presented in this report my 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;

 

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 (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5. I have disclosed, based on my 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 the equivalent functions):

 

a) all significant deficiencies and material weaknesses in the design or operation of internal control 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: May 24, 2024

 

/s/ Rama Mohan R. Busa  
Rama Mohan R. Busa,  
Chief Executive Officer and  
Chief Financial Officer  

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 Annual Report of ANVI GLOBAL HOLDINGS, INC. (the "Company") on Form 10-K for the year ended February 29, 2024 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

 

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities 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.

 

Date: May 24, 2024

 

/s/ Rama Mohan R. Busa  
Rama Mohan R. Busa,  
Chief Executive Officer and  
Chief Financial Officer  
v3.24.1.1.u2
Cover - USD ($)
 12 Months Ended
Feb. 29, 2024
May 23, 2024
Cover [Abstract]    
Document Type 10-K  
Amendment Flag false  
Document Annual Report true  
Document Transition Report false  
Document Period End Date Feb. 29, 2024  
Document Fiscal Period Focus FY  
Document Fiscal Year Focus 2024  
Current Fiscal Year End Date --02-29  
Entity File Number 333-188648  
Entity Registrant Name ANVI GLOBAL HOLDINGS, INC.  
Entity Central Index Key 0001570132  
Entity Tax Identification Number 33-1226144  
Entity Incorporation, State or Country Code NV  
Entity Address, Address Line One 1135 Kildaire Farm Rd  
Entity Address, Address Line Two Suite 319-4  
Entity Address, City or Town Cary  
Entity Address, State or Province NC  
Entity Address, Postal Zip Code 27511  
City Area Code 408  
Local Phone Number 821-4491  
Title of 12(g) Security Common Stock, $.001 par value  
Entity Well-known Seasoned Issuer No  
Entity Voluntary Filers Yes  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business true  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Public Float   $ 0
Entity Common Stock, Shares Outstanding   119,950,000
ICFR Auditor Attestation Flag false  
Document Financial Statement Error Correction [Flag] false  
Auditor Name Fruci & Associates II, PLLC  
Auditor Location Spokane, WA  
Auditor Firm ID 5525  
v3.24.1.1.u2
BALANCE SHEETS - USD ($)
Feb. 29, 2024
Feb. 28, 2023
Current Assets:    
Cash $ 1,334 $ 1,567
Prepaids 13,000 12,500
Total Current Assets 14,334 14,067
Total Assets 14,334 14,067
Current Liabilities:    
Accounts payable 21,761 48,904
Accounts payable - related party 504,000 360,000
Accrued liabilities - related party 900,000 900,000
Due to an officer 548,805 480,020
Total current 1,974,566 1,788,924
Total Liabilities 1,974,566 1,788,924
Commitments and contingencies
Stockholders' Deficit:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized no shares issued and outstanding 0 0
Common stock, $0.001 par value; 500,000,000 shares authorized, 119,950,000 shares issued and outstanding 119,950 119,950
Additional paid-in capital (61,450) (61,450)
Accumulated deficit (2,018,732) (1,833,357)
Total Stockholders’ Deficit (1,960,232) (1,774,857)
Total Liabilities and Stockholders' Deficit $ 14,334 $ 14,067
v3.24.1.1.u2
BALANCE SHEETS (Parenthetical) - $ / shares
Feb. 29, 2024
Feb. 28, 2023
Statement of Financial Position [Abstract]    
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, shares authorized 50,000,000 50,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common stock, par value $ 0.001 $ 0.001
Common stock, shares authorized 500,000,000 500,000,000
Common stock, shares issued 119,950,000 119,950,000
Common stock, shares outstanding 119,950,000 119,950,000
v3.24.1.1.u2
STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Operating Expenses:    
General and administrative expenses $ 199,426 $ 231,503
Total operating expenses 199,426 231,503
Loss from operations (199,426) (231,503)
Other income:    
Gain on debt settlement 14,051 0
Total other income 14,051 0
Loss before income taxes (185,375) (231,503)
Provision for income taxes 0 0
Net loss $ (185,375) $ (231,503)
Basic loss per share $ (0.00) $ (0.00)
Basic weighted average shares 119,950,000 119,950,000
v3.24.1.1.u2
STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Beginning balance, value at Feb. 28, 2022 $ 119,950 $ (61,450) $ (1,601,854) $ (1,543,354)
Beginning balance, shares at Feb. 28, 2022 119,950,000      
Net Loss (231,503) (231,503)
Ending balance, value at Feb. 28, 2023 $ 119,950 (61,450) (1,833,357) (1,774,857)
Ending balance, shares at Feb. 28, 2023 119,950,000      
Net Loss (185,375) (185,375)
Ending balance, value at Feb. 29, 2024 $ 119,950 $ (61,450) $ (2,018,732) $ (1,960,232)
Ending balance, shares at Feb. 29, 2024 119,950,000      
v3.24.1.1.u2
STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Cash flows from operating activities:    
Net loss $ (185,375) $ (231,503)
Adjustments to reconcile net loss to net cash used in operating activities:    
      Gain on debt settlement (14,051) 0
Changes in assets and liabilities:    
Prepaids (500) (650)
Accounts payable (13,092) 6,639
Accounts payable - related party 144,000 144,000
Net cash used in operating activities (69,018) (81,514)
Cash flows from investing activities: 0 0
Cash flows from financing activities:    
        Advances from an officer 68,785 76,190
Net cash provided by financing activities 68,785 76,190
Net change in cash (233) (5,324)
Cash, beginning of year 1,567 6,891
Cash, end of year 1,334 1,567
Cash paid during the period for:    
Interest 0 0
Income taxes $ 0 $ 0
v3.24.1.1.u2
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Pay vs Performance Disclosure [Table]    
Net Income (Loss) Attributable to Parent $ (185,375) $ (231,503)
v3.24.1.1.u2
Insider Trading Arrangements
 12 Months Ended
Feb. 29, 2024
Insider Trading Arrangements [Line Items]  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.24.1.1.u2
ORGANIZATION AND DESCRIPTION OF BUSINESS
 12 Months Ended
Feb. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
ORGANIZATION AND DESCRIPTION OF BUSINESS

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

 

Anvi Global Holdings, Inc., (the “Company” “AGH”) was incorporated under the laws of the State of Nevada on August 15, 2012.

 
v3.24.1.1.u2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 12 Months Ended
Feb. 29, 2024
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation

The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

 

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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates.

 

Concentrations of Credit Risk

We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.

 

Cash Equivalents

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents for the years ended February 29, 2024 and February 28, 2023.

 

Fair Value of Financial Instruments

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC Topic No. 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels, as described below:

 

Level 1: Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities.
   
Level 2: Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable, either directly or indirectly. Level 2 inputs include quoted prices for similar assets, quoted prices in markets that are not considered to be active, and observable inputs other than quoted prices such as interest rates.
   
Level 3: Level 3 inputs are unobservable inputs.

 

The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses and other payables approximate their fair value because of the short maturity of those instruments.

 

Income taxes

Income taxes are provided for the tax effects of the transactions reported in the financial statements and consist of taxes currently due plus deferred taxes related primarily to tax net operating loss carryforwards. The deferred tax assets and liabilities represent the future tax return consequences of these differences, which will either be taxable or deductible when assets and liabilities are recovered or settled, as well as operating loss carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is established against deferred tax assets when in the judgment of management, it is more likely than not that such deferred tax assets will not become available. Because the judgment about the level of future taxable income is dependent to a great extent on matters that may, at least in part, be beyond the Company’s control, it is at least reasonably possible that management’s judgment about the need for a valuation allowance for deferred taxes could change in the near term.

Tax benefits are recognized only for tax positions that are more likely than not to be sustained upon examination by tax authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely to be realized upon settlement. A liability for “unrecognized tax benefits” is recorded for any tax benefits claimed in the Company’s tax returns that do not meet these recognition and measurement standards. As of February 29, 2024 and February 28, 2023, no liability for unrecognized tax benefits was required to be reported.

 

Stock-Based Compensation

In June 2018, the FASB issued ASU 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. ASU 2018-07 allows companies to account for nonemployee awards in the same manner as employee awards. The guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those annual periods. We adopted this ASU on January 1, 2019. The adoption of ASU 2018-07 did not have a material impact on our financial statements.

 

Net Income (Loss) Per Common Share

Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. There are no potentially dilutive shares as of February 29, 2024 and February 28, 2023.

 

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operation 

 
v3.24.1.1.u2
GOING CONCERN
 12 Months Ended
Feb. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
GOING CONCERN

NOTE 3 - GOING CONCERN

 

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has had no revenue and has accumulated a deficit of $2,018,732 as of February 29, 2024. The Company requires capital for its contemplated operational and marketing activities. The Company’s ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. These conditions and the ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties.

 

The Company has discussed ways in order to mitigate conditions or events that may raise substantial doubt about its ability to continue as a going concern, there are no assurances that any of these measures will successfully mitigate or be effective at all. (1) The Company shall pursue financing plans to raise funds to judiciously spend towards operational expenses, (2) The Company shall continue to employ low cost measures to operate its business and analyze any unnecessary cost or expense, (3) The Company will seek to avoid unnecessary expenditures, travel, and lodging costs that are not mission critical to its business.

 
v3.24.1.1.u2
PREPAID TRANSACTIONS
 12 Months Ended
Feb. 29, 2024
Prepaid Transactions  
PREPAID TRANSACTIONS

NOTE 4 – PREPAID TRANSACTIONS

 

As of February 29, 2024 and February 28, 2023, the Company had $13,000 and $12,500 of prepaid expenses, respectively, for OTC Market’s annual fee.

 
v3.24.1.1.u2
RELATED PARTY TRANSACTIONS
 12 Months Ended
Feb. 29, 2024
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 5 – RELATED PARTY TRANSACTIONS

 

On May 28, 2014, the Company executed a service agreement with Strategic-IT Group Inc. Strategic-IT Group Inc. is owned and operated by Rama Mohan R. Busa, CEO. Services to be provided at $12,000 a month include, but are not limited to, providing office space, IT and related services, business consulting, and investor relations. On July 27, 2020, the service agreement was assigned to Anvi Global Inc (a company owned by the CEO). As of February 29, 2024 and February 28, 2023, the Company has an accrued, unpaid balance due of $900,000 and $900,000, respectively.

 

On July 27, 2020, Strategic-IT Group Inc., assigned their service agreement with the Company to Anvi Global, Inc. All terms under the original agreement remain the same. Anvi Global, Inc. is owned by the CEO. As of February 29, 2024 and February 28, 2023, the Company has accounts payable due to Anvi Global, Inc. of $504,000 and $360,000, respectively.

 

Since 2018 Rama Mohan R. Busa, CEO, has advanced funds to the Company from his personal account and related companies. The advances are to pay for operating expenses, are unsecured, non-interest bearing and due on demand. As of February 29, 2024 and February 28, 2023, the balance due was $548,805 and $480,020, respectively.

 
v3.24.1.1.u2
INCOME TAXES
 12 Months Ended
Feb. 29, 2024
Income Tax Disclosure [Abstract]  
INCOME TAXES

NOTE 6 – INCOME TAXES

 

Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss, and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The U.S. federal income tax rate of 21.0% is being used.

 

Net deferred tax assets consist of the following components as of:

        
  

February 29,

2024

  

February 28,

2023

 
Deferred tax asset attributable to:          
Net operating loss carryover  $(424,000)  $(385,000)
Less: valuation allowance   424,000    385,000 
Net deferred tax asset  $—     $—   

 

The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the fiscal years ending, due to the following:

        
  

February 29,

2024

  

February 28,

2023

 
Federal income tax benefit attributable to:          
Current Operations  $39,000   $49,000 
Less: valuation allowance   (39,000)   (49,000)
Net provision for Federal income taxes  $—     $—   

 

At February 29, 2024, the Company had net operating loss carry forwards of approximately $424,000 that may be offset against future taxable income. NOLs from tax years up to 2017 can be carried forward twenty years. Under the CARES Act, the Company can carry forward NOLs indefinitely for NOLs generated in a tax year beginning after 2017, that remain after they are carried back to tax years in the five-year carryback period. No tax benefit has been reported in the February 29, 2024, financial statements since the potential tax benefit is offset by a valuation allowance of the same amount.

 

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards for Federal Income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for years before 2016.

 
v3.24.1.1.u2
SUBSEQUENT EVENTS
 12 Months Ended
Feb. 29, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 7 – SUBSEQUENT EVENTS

 

In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were available to be issued and has determined that it does not have any material subsequent events to disclose in these financial statements.

 
v3.24.1.1.u2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 12 Months Ended
Feb. 29, 2024
Accounting Policies [Abstract]  
Basis of Presentation

Basis of Presentation

The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

 
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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates.

 
Concentrations of Credit Risk

Concentrations of Credit Risk

We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.

 
Cash Equivalents

Cash Equivalents

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents for the years ended February 29, 2024 and February 28, 2023.

 
Fair Value of Financial Instruments

Fair Value of Financial Instruments

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC Topic No. 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels, as described below:

 

Level 1: Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities.
   
Level 2: Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable, either directly or indirectly. Level 2 inputs include quoted prices for similar assets, quoted prices in markets that are not considered to be active, and observable inputs other than quoted prices such as interest rates.
   
Level 3: Level 3 inputs are unobservable inputs.

 

The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses and other payables approximate their fair value because of the short maturity of those instruments.

 
Income taxes

Income taxes

Income taxes are provided for the tax effects of the transactions reported in the financial statements and consist of taxes currently due plus deferred taxes related primarily to tax net operating loss carryforwards. The deferred tax assets and liabilities represent the future tax return consequences of these differences, which will either be taxable or deductible when assets and liabilities are recovered or settled, as well as operating loss carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is established against deferred tax assets when in the judgment of management, it is more likely than not that such deferred tax assets will not become available. Because the judgment about the level of future taxable income is dependent to a great extent on matters that may, at least in part, be beyond the Company’s control, it is at least reasonably possible that management’s judgment about the need for a valuation allowance for deferred taxes could change in the near term.

Tax benefits are recognized only for tax positions that are more likely than not to be sustained upon examination by tax authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely to be realized upon settlement. A liability for “unrecognized tax benefits” is recorded for any tax benefits claimed in the Company’s tax returns that do not meet these recognition and measurement standards. As of February 29, 2024 and February 28, 2023, no liability for unrecognized tax benefits was required to be reported.

 
Stock-Based Compensation

Stock-Based Compensation

In June 2018, the FASB issued ASU 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. ASU 2018-07 allows companies to account for nonemployee awards in the same manner as employee awards. The guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those annual periods. We adopted this ASU on January 1, 2019. The adoption of ASU 2018-07 did not have a material impact on our financial statements.

 
Net Income (Loss) Per Common Share

Net Income (Loss) Per Common Share

Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. There are no potentially dilutive shares as of February 29, 2024 and February 28, 2023.

 
Recent Accounting Pronouncements

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operation 

 
v3.24.1.1.u2
INCOME TAXES (Tables)
 12 Months Ended
Feb. 29, 2024
Income Tax Disclosure [Abstract]  
Schedule of net deferred tax assets
        
  

February 29,

2024

  

February 28,

2023

 
Deferred tax asset attributable to:          
Net operating loss carryover  $(424,000)  $(385,000)
Less: valuation allowance   424,000    385,000 
Net deferred tax asset  $—     $—   
Schedule of income tax provision
        
  

February 29,

2024

  

February 28,

2023

 
Federal income tax benefit attributable to:          
Current Operations  $39,000   $49,000 
Less: valuation allowance   (39,000)   (49,000)
Net provision for Federal income taxes  $—     $—   
v3.24.1.1.u2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)
 12 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Accounting Policies [Abstract]    
Cash equivalents $ 0 $ 0
Potentially dilutive shares 0 0
v3.24.1.1.u2
GOING CONCERN (Details Narrative) - USD ($)
Feb. 29, 2024
Feb. 28, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Accumulated deficit $ 2,018,732 $ 1,833,357
v3.24.1.1.u2
PREPAID TRANSACTIONS (Details Narrative) - USD ($)
Feb. 29, 2024
Feb. 28, 2023
Prepaid Transactions    
Prepaid expenses $ 13,000 $ 12,500
v3.24.1.1.u2
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)
May 28, 2014
Feb. 29, 2024
Feb. 28, 2023
Related Party Transaction [Line Items]      
Accrued, unpaid balance due   $ 900,000 $ 900,000
Balance due   548,805 480,020
Service Agreement [Member] | Anvi Global Inc [Member]      
Related Party Transaction [Line Items]      
Monthly service fee $ 12,000    
Accounts payable due to related party   $ 504,000 $ 360,000
v3.24.1.1.u2
INCOME TAXES (Details) - USD ($)
Feb. 29, 2024
Feb. 28, 2023
Deferred tax asset attributable to:    
Net operating loss carryover $ (424,000) $ (385,000)
Less: valuation allowance 424,000 385,000
Net deferred tax asset $ 0 $ 0
v3.24.1.1.u2
INCOME TAXES (Details 1) - USD ($)
 12 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Federal income tax benefit attributable to:    
Current Operations $ 39,000 $ 49,000
Less: valuation allowance (39,000) (49,000)
Net provision for Federal income taxes $ 0 $ 0
v3.24.1.1.u2
INCOME TAXES (Details Narrative)
 12 Months Ended
Feb. 29, 2024
USD ($)
Income Tax Disclosure [Abstract]  
Federal income tax rate 21.00%
Net operating loss carry forwards $ 424,000
Anvi Global (QB) (USOTC:ANVI)
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