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

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 10-Q

 

(Mark One)

 

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the quarterly period ended December 31, 2022
or
☐	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from ____________ to ____________
Commission File Number 333-192387

 

BALLY, CORP.

(Exact name of registrant as specified in its charter)

 

Nevada		80-0917804
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)

 

986 Dongfang Rd., One Hundred Shanshan Bldg 25th Fl Pudong Shanghai China		200122
(Address of principal executive offices)		(Zip Code)

 

(86) 138 1833 3008

(Registrant’s telephone number, including area code)

N/A

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

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None	None	None

 

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

 

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

 

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

 

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

 

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

 

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

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

 

9,850,000 common shares issued and outstanding as of October 25, 2023

 

 

 

FORM 10-Q

 

TABLE OF CONTENTS

 

PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements		F-1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		3
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		6
Item 4.	Controls and Procedures		6
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings		7
Item 1A.	Risk Factors		7
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		7
Item 3.	Defaults Upon Senior Securities		7
Item 4.	Mine Safety Disclosures		7
Item 5.	Other Information		7
Item 6.	Exhibits		8
SIGNATURES			9

 

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PART I - FINANCIAL INFORMATION

 

Item 1. Financial Statements

 

BALLY, CORP. 

INDEX TO UNAUDITED INTERIM FINANCIAL STATEMENTS

 

FOR THE PERIOD ENDED DECEMBER 31, 2022

 

		Page
Balance Sheets (Unaudited)		F-2
Statements of Operations (Unaudited)		F-3
Statements of Stockholders’ Deficit (Unaudited)		F-4
Statements of Cash Flows (Unaudited)		F-5
Notes to Financial Statements (Unaudited)		F-6

 

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BALLY, CORP.

Balance Sheets

(Unaudited)

 

		December 31,				September 30,
		2022				2022
ASSETS
Current assets:
Cash		$	-			$	-
Prepaid expenses			12,000				750
Total Current Assets			12,000				750
Total Assets		$	12,000			$	750
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Liabilities:
Current liabilities:
Accounts payable		$	5,489			$	1,201
Due to shareholder			171,548				141,496
Total Current Liabilities and Total Liabilities			177,037				142,697
Stockholders’ Deficit:
Preferred stock, $0.0001 par value, 20,000,000 shares authorized 0 shares issued and outstanding			-				-
Common stock, $0.0001 par value, 100,000,000 shares authorized 9,850,000 shares issued and outstanding			985				985
Additional paid-in capital			178,395				178,395
Accumulated deficit			(344,417	)			(321,327	)
Total Stockholders’ Deficit			(165,037	)			(141,947	)
Total Liabilities and Stockholders’ Deficit		$	12,000			$	750

 

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

 

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BALLY, CORP.

Statements of Operations

(Unaudited)

 

		Three Months Ended
		December 31,
		2022				2021
Revenue		$	-			$	-
Expenses:
General and administrative			23,090				16,300
Total expenses			23,090				16,300
Loss before income tax provision			(23,090	)			(16,300	)
Income tax provision			-				-
Net loss		$	(23,090	)		$	(16,300	)
Basic and Diluted Loss per Common Share		$	(0.00	)		$	(0.00	)
Basic and Diluted Weighted Average Number of Common Shares Outstanding			9,850,000				9,850,000

 

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

 

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BALLY, CORP.

Statements of Stockholders’ Deficit

(Unaudited)

 

For the Three Months Ended December 31, 2022

 

																		Additional								Total
		Preferred Stock								Common Stock								Paid-In				Accumulated				Stockholders’
		Shares				Amount				Shares				Amount				Capital				Deficit				Deficit
Balance – September 30, 2022			-			$	-				9,850,000			$	985			$	178,395			$	(321,327	)		$	(141,947	)
Net loss for the period			-				-				-				-				-				(23,090	)			(23,090	)
Balance – December 31, 2022			-			$	-				9,850,000			$	985			$	178,395			$	(344,417	)		$	(165,037	)

 

For the Three Months Ended December 31, 2021

 

																		Additional								Total
		Preferred Stock								Common Stock								Paid-In				Accumulated				Stockholders’
		Shares				Amount				Shares				Amount				Capital				Deficit				Deficit
Balance – September 30, 2021			-			$	-				9,850,000			$	985			$	178,395			$	(273,212	)		$	(93,832	)
Net loss for the period			-				-				-				-				-				(16,300	)			(16,300	)
Balance – December 31, 2021			-			$	-				9,850,000			$	985			$	178,395			$	(289,512	)		$	(110,132	)

 

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

 

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BALLY, CORP.

Statements of Cash Flows

(Unaudited)

 

		Three Months Ended
		December 31,
		2022				2021
Cash Flows from Operating Activities:
Net loss		$	(23,090	)		$	(16,300	)
Changes in operating assets and liabilities:
Prepaid expenses			(11,250	)			(3,000	)
Shareholder advances funding operations			30,052				10,300
Accounts payable			4,288				9,000
Net Cash used in Operating Activities			-				-
Net change in cash			-				-
Cash - beginning of period			-				-
Cash - end of period		$	-			$	-
Supplemental Cash Flow Disclosure:
Interest paid		$	-			$	-
Income taxes paid		$	-			$	-

 

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

 

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BALLY, CORP.

Notes to Financial Statements

December 31, 2022

(Unaudited)

 

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

 

BALLY, CORP. (the “Company”) was incorporated in the State of Nevada on March 13, 2013 and it is based in Shanghai. The Company is currently seeking new business opportunities with established business entities for merger with or acquisition of a target business. To date, the Company’s activities have been limited to its formation and the raising of equity capital. The Company’s fiscal year end is September 30.

 

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation

 

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of December 31, 2022, and the results of operations and cash flows for the periods presented. The results of operations for the period ended December 31, 2022, are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended September 30, 2022, filed with the SEC on April 14, 2023. 

 

NOTE 3 – GOING CONCERN AND LIQUIDITY CONSIDERATIONS

 

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 not generated any revenue since inception. The Company had a net loss of $23,090 for the three months ended December 31, 2022, working capital deficiency of $165,037 and an accumulated deficit of $344,417 as of December 31, 2022. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

 

The continuing operations of the Company are dependent upon its ability to continue to raise adequate financing, shareholder loans and to commence profitable operations in the future and repay its liabilities arising from normal business operations as they become due. The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for future periods. 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.

 

NOTE 4 – PREPAID EXPENSES

 

As of December 31, 2022, prepaid expenses included an advanced payment for the annual quotation fee for the OTC Markets Group and the portion of unamortized annual maintenance and filling fees of the Company’s reports and tax returns.

 

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NOTE 5 - RELATED PARTY TRANSACTIONS AND BALANCES

 

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders or directors. Shareholder amounts represent advances or amounts paid on behalf of the Company in satisfaction of liabilities. The advances were considered temporary in nature and were not formalized by a promissory note.

 

During the three months ended December 31, 2022 and 2021, the Company’s sole officer advanced to the Company an amount of $30,052 and $10,300 respectively by paying for expenses on behalf of the Company.

 

As of December 31, 2022, and September 30, 2022, the Company was obligated to the officer for a balance of $171,548 and $141,496, respectively, which is unsecured, non-interest-bearing and due on demand.

 

NOTE 6 - SUBSEQUENT EVENTS

 

Management has evaluated subsequent events through the date these financial statements were available to be issued. Based on our evaluation no material events have occurred that require disclosure.

 

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

FORWARD LOOKING STATEMENTS

 

Except for historical information, this report contains forward-looking statements. Such forward-looking statements involve risks and uncertainties, including, among other things, statements regarding our business strategy, future revenues and anticipated costs and expenses. Such forward-looking statements include, among others, those statements including the words “expects,” “anticipates,” “intends,” “believes” and similar language. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, those discussed herein as well as in the “Description of Business” section in our Form 10-K, as filed with the SEC on April 14, 2023. You should carefully review the risks described in our Annual Report and in other documents we file from time to time with the Securities and Exchange Commission. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances after the date of this document.

 

Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.

 

All references in this Form 10-Q to the “Company,” “Bally,” “we,” “us,” or “our” are to Bally, Corp.

 

Corporate Overview

 

We were incorporated under the laws of the State of Nevada on March 13, 2013. From inception, it was our intent to import small farming, household gardening and general small tools directly from manufacturers and market to consumers in the Republic of India. The management of our company is currently evaluating our future strategic business plans.

 

Our address is 986 Dongfang Rd., One Hundred Shanshan Bldg 25th Fl, Pudong, Shanghai, China 200122. Our telephone number is [phone].

 

We do not have any subsidiaries. We do not have a corporate website.

 

We have not ever declared bankruptcy, been in receivership, or involved in any kind of legal proceeding.

 

Our Current Business

 

We are currently seeking new business opportunities with established business entities for merger with or acquisition of a target business. In certain instances, a target business may wish to become our subsidiary or may wish to contribute assets to us rather than merge.

 

Any new acquisition or business opportunities that we may acquire will require additional financing. There can be no assurance, however, that we will be able to acquire the financing necessary to enable us to pursue our plan of operation. If our company requires additional financing and we are unable to acquire such funds, our business may fail.

 

Management of our company believes that there are benefits to being a reporting company with a class of securities quoted on the OTC Markets, such as: (i) the ability to use registered securities to acquire assets or businesses; (ii) increased visibility in the financial community; (iii) the facilitation of borrowing from financial institutions; (iv) potentially improved trading efficiency; (v) potential stockholder liquidity; (vi) potentially greater ease in raising capital subsequent to an acquisition; (vii) potential compensation of key employees through stock awards or options; (viii) potentially enhanced corporate image; and (ix) a presence in the United States’ capital market.

 

We may seek a business opportunity with entities that have recently commenced operations, or entities who wish to utilize the public marketplace in order to raise additional capital in order to expand business development activities, to develop a new product or service, or for other corporate purposes. We may acquire assets and establish wholly- owned subsidiaries in various businesses or acquire existing businesses as subsidiaries.

 

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In implementing a structure for a particular business acquisition or opportunity, we may become a party to a merger, consolidation, reorganization, joint venture, or licensing agreement with another corporation or entity. We may also acquire stock or assets of an existing business. Upon the consummation of the transaction, it is anticipated that our sole officer and director will continue to manage the Company.

 

As of the date hereof, we have not entered into any formal written agreements for a business combination or opportunity. When any such agreement is reached, we intend to disclose such an agreement by filing a current report on Form 8-K.

 

We anticipate that the selection of a business opportunity in which to participate will be complex and without certainty of success. Business opportunities may be available in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex. Business opportunities that we believe are in the best interests of our company may be scarce, or we may be unable to obtain the ones that we want. We can provide no assurance that we will be able to locate compatible business opportunities.

 

Currently, we do not have a source of revenue. We are not able to fund our cash requirements through our current operations. We have been reliant on loans by affiliated and non-affiliated parties to provide financial contributions and services to keep our company operating. Further, we believe that our company may have difficulties raising capital from other sources until we locate a prospective merger candidate through which we can pursue our plan of operation. If we are unable to secure adequate capital to continue our acquisition efforts, our shareholders may lose some or all of their investment and our business may fail. We currently have no written or oral agreement from our majority shareholder to continue to provide financial contributions.

 

Results of Operations

 

The following summary of our results of operations should be read in conjunction with our unaudited financial statements for the periods ended December 31, 2022 and 2021, which are included herein.

 

Our operating results for the three months ended December 31, 2022, and 2021 and the changes between those periods for the respective items are summarized as follows.

 

Three months ended December 31, 2022, compared to three months ended December 31, 2021:

 

		Three Months Ended
		December 31,
		2022				2021				Change
Revenue		$	-			$	-			$	-
General and administrative			23,090				16,300				6,790
Net loss		$	23,090			$	16,300			$	6,790

 

During the three months ended December 31, 2022, and 2021, we did not have any revenues.

 

Our financial statements report a net loss of $23,090 for the three months ended December 31, 2022, compared to a net loss of $16,300 for the three months ended December 31, 2021, solely from operating expenses. Operating expenses consist of professional fees of $22,050 and $16,300, and other general and administrative expenses of $1,040 and $0 for the three months ended December 31, 2022 and 2021, respectively.

 

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Liquidity and Capital Resources

 

The following table provides selected financial data about our company as of December 31, 2022 and September 30, 2022, respectively.

 

Working Capital

 

		December 31,				September 30,
		2022				2022				Changes
Current Assets		$	12,000			$	750			$	11,250
Current Liabilities			177,037				142,697				34,340
Working Capital Deficiency		$	165,037			$	141,947			$	23,090

 

As at December 31, 2022 and September 30, 2022, our total current assets were $12,000 and $750, respectively, which were all attributed to prepaid expenses.

 

As at December 31, 2022, our current liabilities were $177,037 compared to $142,697 in current liabilities as at September 30, 2022. Stockholders’ deficit was $165,037 as of December 31, 2022 compared to stockholders’ deficit of $141,947 as of September 30, 2022. The increase in current liabilities is primarily due to an increase in due to a shareholder (who is also the sole officer) for payments made for operating expenses on behalf of the Company.

 

Cash Flows

 

		Three Months Ended
		December 31,
		2022				2021
Net cash used in operating activities		$	-			$	-
Net cash used in investing activities			-				-
Net cash provided by financing activities			-				-
Net change in cash		$	-			$	-

 

Operating Activities

 

The Company did not use any funds for operating activities during the three months ended December 31, 2022 and 2021. During the three months ended December 31, 2022, and 2021, the Company’s shareholder and sole officer paid $30,052 and $10,300, respectively, on behalf of the Company for operating expenses.

 

Investing Activities

 

The Company did not use any funds for investing activities during the three months ended December 31, 2022 and 2021.

 

Financing Activities

 

The Company did not have any funds provided by financing activities during the three months ended December 31, 2022 and 2021.

 

Going Concern

 

As reflected in the accompanying financial statements, the Company has not generated any revenue since inception. The Company had a net loss of $23,090 for the three months ended December 31, 2022, working capital deficiency of $165,037 and an accumulated deficit of $344,417 as of December 31, 2022. This means that there is substantial doubt that we can continue as an ongoing business for the next twelve months unless we obtain additional capital to pay for our expenses, as we have not generated any revenues and no sales are yet possible. There is no assurance we will ever reach this point. Accordingly, we must raise sufficient capital from sources. Our only other source for cash at this time is investment by our sole director and officer. We must raise cash to stay in business. In response to these problems, management intends to raise additional funds through public or private placement offerings. At this time, however, the Company does not have plans or intentions to raise additional funds by way of the sale of additional securities. 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.

 

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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 there are no material estimates or assumptions with levels of subjectivity and judgement necessary to be considered critical accounting policies.

 

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, and capital expenditures or capital resources that are material to stockholders.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

 

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

 

Item 4. Controls and Procedures

 

Management’s Report on Disclosure Controls and Procedures

 

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and President (who is also our principal executive officer, principal financial officer and principle accounting officer) to allow for timely decisions regarding required disclosure.

 

As of the end of the quarter covered by this report, we carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer (who is also our principal executive officer, principal financial officer and principal accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our Chief Executive Officer and President (who is also our principal executive officer and principal financial officer) concluded that our disclosure controls and procedures were not effective as of the end of the period covered by this quarterly report.

 

The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) lack of a functioning audit committee, (2) lack of a majority of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (3) inadequate segregation of duties consistent with control objectives; and (4) management dominated by a single individual without adequate compensating controls. The aforementioned material weaknesses were identified by our Chief Executive Officer and Chief Financial Officer (who is also our principal executive officer and principal financial officer) in connection with the review of our financial statements as of December 31, 2022.

 

Management believes that the material weaknesses set forth above did not have an effect on our financial results. However, management believes that the lack of a functioning audit committee and the lack of a majority of outside directors on our board of directors results in ineffective oversight in the establishment and monitoring of required internal controls and procedures, which could result in a material misstatement in our financial statements in future periods.

  

Changes in Internal Control Over Financial Reporting

 

There have been no changes in our internal controls over financial reporting that occurred during the period ended December 31, 2022, that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.

 

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PART II - OTHER INFORMATION

 

Item 1. Legal Proceedings

 

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

 

Item 1A. Risk Factors

 

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

 

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

 

None.

 

Item 3. Defaults Upon Senior Securities

 

None.

 

Item 4. Mine Safety Disclosures

 

Not applicable.

 

Item 5. Other Information

 

None.

 

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Item 6. Exhibits

 

Exhibit Number		Description
(31)		Rule 13a-14 (d)/15d-14d) Certifications
31.1/31.2*		Section 302 Certification by the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer
(32)		Section 1350 Certifications
32.1/32/2**		Section 906 Certification by the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer
101*		Inline XBRL Document Set for the financial statements and accompanying notes in Part I, Item 1, “Financial Statements” of this Quarterly Report on Form 10-Q.
104*		Inline XBRL for the cover page of this Quarterly Report on Form 10-Q, included in the Exhibit 101 Inline XBRL Document Set.

________________

* Filed herewith.

** Furnished herewith.

 

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SIGNATURES

 

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

 

		BALLY, CORP.
		(Registrant)
Dated: October 25, 2023		/s/ Haiping Hu
		Haiping Hu
		Chief Executive Officer, Chief Financial Officer, Secretary and Director
		(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

 

9

 

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Cover - shares	3 Months Ended
	Dec. 31, 2022	Oct. 23, 2023
Cover [Abstract]
Entity Registrant Name	BALLY, CORP.
Entity Central Index Key	0001591565
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Small Business	true
Entity Shell Company	true
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		9,850,000
Entity File Number	333-192387
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	80-0917804
Entity Address Address Line 1	986 Dongfang Rd.
Entity Address Address Line 2	One Hundred Shanshan Bldg 25th Fl
Entity Address City Or Town	Pudong Shanghai
Entity Address Postal Zip Code	200122
City Area Code	86
Local Phone Number	138 1833 3008
Document Quarterly Report	true
Document Transition Report	false
Entity Address Country	CN
Entity Interactive Data Current	Yes

Balance Sheets - USD ($)	Dec. 31, 2022	Sep. 30, 2022
Current assets:
Cash	$ 0	$ 0
Prepaid expenses	12,000	750
Total Current Assets	12,000	750
Total Assets	12,000	750
Current liabilities:
Accounts payable	5,489	1,201
Due to shareholder	171,548	141,496
Total Current Liabilities and Total Liabilities	177,037	142,697
Stockholders' Deficit:
Preferred stock, $0.0001 par value, 20,000,000 shares authorized 0 shares issued and outstanding	0	0
Common stock, $0.0001 par value, 100,000,000 shares authorized 9,850,000 shares issued and outstanding	985	985
Additional paid-in capital	178,395	178,395
Accumulated deficit	(344,417)	(321,327)
Total Stockholders' Deficit	(165,037)	(141,947)
Total Liabilities and Stockholders' Deficit	$ 12,000	$ 750

Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2022	Sep. 30, 2022
Balance Sheets
Preferred Stock, Shares Par Value	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	20,000,000	20,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Shares Par Value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares Issued	9,850,000	9,850,000
Common Stock, Shares Outstanding	9,850,000	9,850,000

Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statements of Operations (Unaudited)
Revenue	$ 0	$ 0
Expenses:
General and administrative	23,090	16,300
Total expenses	23,090	16,300
Loss before income tax provision	(23,090)	(16,300)
Income tax provision	0	0
Net loss	$ (23,090)	$ (16,300)
Basic and Diluted Loss per Common Share	$ (0.00)	$ (0.00)
Basic and Diluted Weighted Average Number of Common Shares Outstanding	9,850,000	9,850,000

Statements of Changes in Stockholders' Deficit (Unaudited) - USD ($)	Total	Common Stock	Preferred Stock	Additional Paid-In Capital	Accumulated Deficit
Balance, shares at Sep. 30, 2021		9,850,000
Balance, amount at Sep. 30, 2021	$ (93,832)	$ 985		$ 178,395	$ (273,212)
Net loss for the period	(16,300)	$ 0	$ 0	0	(16,300)
Balance, shares at Dec. 31, 2021		9,850,000
Balance, amount at Dec. 31, 2021	(110,132)	$ 985	0	178,395	(289,512)
Balance, shares at Sep. 30, 2022		9,850,000
Balance, amount at Sep. 30, 2022	(141,947)	$ 985	0	178,395	(321,327)
Net loss for the period	(23,090)	$ 0	0	0	(23,090)
Balance, shares at Dec. 31, 2022		9,850,000
Balance, amount at Dec. 31, 2022	$ (165,037)	$ 985	$ 0	$ 178,395	$ (344,417)

Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash Flows from Operating Activities:
Net loss	$ (23,090)	$ (16,300)
Changes in operating assets and liabilities:
Prepaid expenses	(11,250)	(3,000)
Shareholder advances funding operations	30,052	10,300
Accounts payable	4,288	9,000
Net Cash used in Operating Activities	0	0
Net change in cash	0	0
Cash - beginning of period	0	0
Cash - end of period	0	0
Supplemental Cash Flow Disclosure:
Interest paid	0	0
Income taxes paid	$ 0	$ 0

ORGANIZATION AND DESCRIPTION OF BUSINESS	3 Months Ended
	Dec. 31, 2022
ORGANIZATION AND DESCRIPTION OF BUSINESS
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS   BALLY, CORP. (the “Company”) was incorporated in the State of Nevada on March 13, 2013 and it is based in Shanghai. The Company is currently seeking new business opportunities with established business entities for merger with or acquisition of a target business. To date, the Company’s activities have been limited to its formation and the raising of equity capital. The Company’s fiscal year end is September 30.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES   Basis of Presentation   The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of December 31, 2022, and the results of operations and cash flows for the periods presented. The results of operations for the period ended December 31, 2022, are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended September 30, 2022, filed with the SEC on April 14, 2023.

GOING CONCERN AND LIQUIDITY CONSIDERATIONS	3 Months Ended
	Dec. 31, 2022
GOING CONCERN AND LIQUIDITY CONSIDERATIONS
GOING CONCERN AND LIQUIDITY CONSIDERATIONS	NOTE 3 – GOING CONCERN AND LIQUIDITY CONSIDERATIONS   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 not generated any revenue since inception. The Company had a net loss of $23,090 for the three months ended December 31, 2022, working capital deficiency of $165,037 and an accumulated deficit of $344,417 as of December 31, 2022. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.   The continuing operations of the Company are dependent upon its ability to continue to raise adequate financing, shareholder loans and to commence profitable operations in the future and repay its liabilities arising from normal business operations as they become due. The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for future periods. 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.

PREPAID EXPENSES	3 Months Ended
	Dec. 31, 2022
PREPAID EXPENSES
PREPAID EXPENSES	NOTE 4 – PREPAID EXPENSES   As of December 31, 2022, prepaid expenses included an advanced payment for the annual quotation fee for the OTC Markets Group and the portion of unamortized annual maintenance and filling fees of the Company’s reports and tax returns.

RELATED PARTY TRANSACTIONS AND BALANCES	3 Months Ended
	Dec. 31, 2022
RELATED PARTY TRANSACTIONS AND BALANCES
RELATED PARTY TRANSACTIONS AND BALANCES	NOTE 5 - RELATED PARTY TRANSACTIONS AND BALANCES   In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders or directors. Shareholder amounts represent advances or amounts paid on behalf of the Company in satisfaction of liabilities. The advances were considered temporary in nature and were not formalized by a promissory note.   During the three months ended December 31, 2022 and 2021, the Company’s sole officer advanced to the Company an amount of $30,052 and $10,300 respectively by paying for expenses on behalf of the Company.   As of December 31, 2022, and September 30, 2022, the Company was obligated to the officer for a balance of $171,548 and $141,496, respectively, which is unsecured, non-interest-bearing and due on demand.

SUBSEQUENT EVENTS	3 Months Ended
	Dec. 31, 2022
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 6 - SUBSEQUENT EVENTS   Management has evaluated subsequent events through the date these financial statements were available to be issued. Based on our evaluation no material events have occurred that require disclosure.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis Of Presentation	The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of December 31, 2022, and the results of operations and cash flows for the periods presented. The results of operations for the period ended December 31, 2022, are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended September 30, 2022, filed with the SEC on April 14, 2023.

GOING CONCERN AND LIQUIDITY CONSIDERATIONS (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2022
GOING CONCERN AND LIQUIDITY CONSIDERATIONS
Working capital (deficiency)	$ (165,037)
Net loss	(23,090)	$ (16,300)
Accumulated Deficit	$ (344,417)		$ (321,327)

RELATED PARTY TRANSACTIONS AND BALANCES (Detail Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2022
Shareholder advances funding operations	$ 30,052	$ 10,300
Due to shareholder	171,548		$ 141,496
Sole officer [Member]
Shareholder advances funding operations	30,052	10,300
Sole officer [Member] | Unsecured non-interest bearing on demand loan payable [Member]
Due to shareholder	$ 171,548	$ 141,496

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