ORGANIZATION AND DESCRIPTION OF BUSINESS	3 Months Ended
Feb. 28, 2022
Organization And Description Of Business
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS One 4 Art Limited (the “Company”) was incorporated as US Parts Online Inc. under the laws of the State of Nevada on October 10, 2011. The Company was formed with the goal of selling new auto parts. On October 27, 2014 (the “Closing”), Hong Kong Wanfeng International Investment Group Co., Limited (“Purchaser”), entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Mr. Dmitrijs Podlubnijs (“Seller”), pursuant to which the Seller sold for an aggregate purchase price of $390,000, 5,000,000 shares of the Common Stock of the Company. At the Closing, the Purchaser acquired an aggregate of 5,000,000 shares of Common Stock, or approximately 78.49% of the issued and outstanding Common Stock and attained voting control of the Company. In connection with the acquisition of the shares of Company by the Purchaser, Mr. Podlubnijs resigned from our board of directors effective as of October 27, 2014 and Mr. Lu Miao, Mr. Liu Yihe, and Mr. Chong Cheuk Man Yuki were appointed to the Company’s Board of Directors. On February 5, 2015, the Board of Directors and majority stockholder of the Company approved the filing of a Certificate of Amendment to its Articles of Incorporation to change the name of the Company from US Parts Online Inc. to “One 4 Art Limited”. On March 30, 2015, the Company filed a Certificate of Amendment to its Articles of Incorporation with the Secretary of State of the State of Nevada, and the name change became effective at the open of business on April 1, 2015. The Company’s new trading symbol on the OTC Bulletin Board is ONFA. On April 30, 2015, the Board of Directors and majority stockholder of the Company approved a reverse stock split of the Company’s outstanding common stock, par value $0.001 per share at a ratio of 1-for-50. The reverse stock split became effective at the open of business on June 15, 2015. It has no effect on the authorized share capital and the par value. On July 30, 2015, the Board approved and effected a conversion of the outstanding amount due from the controlling shareholder, Hong Kong Wanfeng International Investment Group Co., Limited of $10,000 into 900,000 restricted common shares of the Company’s Common Stock at a conversion price of $0.011 per share. On December 16, 2020, as a result of a receivership in Clark County, Nevada, Case Number: A-20-816622-B, Custodian Ventures LLC (“Custodian”) ,managed by David Lazar was appointed receiver of the Company. On December 16, 2020, Custodian appointed David Lazar as the Company’s Chief Executive Officer, President, Secretary, Chief Financial Officer, Chief Executive Officer and Chairman of the Board of Directors. On June 7, 2021, as a result of a private transaction, 10,000,000 shares of Series A Preferred Stock, $0.001 par value per share (the “Shares”) of the Company were transferred from Custodian Ventures, LLC to Green Medic Pharms Corp. (the “Purchaser”). As a result, the Purchaser became holders of approximately 98% of the voting rights of the issued and outstanding share capital of the Company on a fully-diluted basis of the Company, and became the controlling shareholder. The consideration paid for the Shares was $215,000. The source of the cash consideration for the Shares was personal funds of the Purchaser. In connection with the transaction, David Lazar released the Company from all debts owed to him and/or Custodian Ventures, LLC. Currently, David Lazar remained as the Company’s Chief Executive Officer, President, Secretary, Chief Financial Officer, Chief Executive Officer and Chairman of the Board of Directors.

ORGANIZATION AND DESCRIPTION OF BUSINESS

3 Months Ended

Feb. 28, 2022

Organization And Description Of Business

ORGANIZATION AND DESCRIPTION OF BUSINESS

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

One 4 Art Limited (the “Company”) was incorporated as US Parts Online Inc. under the laws of the State of Nevada on October 10, 2011. The Company was formed with the goal of selling new auto parts.

On October 27, 2014 (the “Closing”), Hong Kong Wanfeng International Investment Group Co., Limited (“Purchaser”), entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Mr. Dmitrijs Podlubnijs (“Seller”), pursuant to which the Seller sold for an aggregate purchase price of $390,000, 5,000,000 shares of the Common Stock of the Company. At the Closing, the Purchaser acquired an aggregate of 5,000,000 shares of Common Stock, or approximately 78.49% of the issued and outstanding Common Stock and attained voting control of the Company. In connection with the acquisition of the shares of Company by the Purchaser, Mr. Podlubnijs resigned from our board of directors effective as of October 27, 2014 and Mr. Lu Miao, Mr. Liu Yihe, and Mr. Chong Cheuk Man Yuki were appointed to the Company’s Board of Directors.

On February 5, 2015, the Board of Directors and majority stockholder of the Company approved the filing of a Certificate of Amendment to its Articles of Incorporation to change the name of the Company from US Parts Online Inc. to “One 4 Art Limited”. On March 30, 2015, the Company filed a Certificate of Amendment to its Articles of Incorporation with the Secretary of State of the State of Nevada, and the name change became effective at the open of business on April 1, 2015. The Company’s new trading symbol on the OTC Bulletin Board is ONFA.

On April 30, 2015, the Board of Directors and majority stockholder of the Company approved a reverse stock split of the Company’s outstanding common stock, par value $0.001 per share at a ratio of 1-for-50. The reverse stock split became effective at the open of business on June 15, 2015. It has no effect on the authorized share capital and the par value.

On July 30, 2015, the Board approved and effected a conversion of the outstanding amount due from the controlling shareholder, Hong Kong Wanfeng International Investment Group Co., Limited of $10,000 into 900,000 restricted common shares of the Company’s Common Stock at a conversion price of $0.011 per share.

On December 16, 2020, as a result of a receivership in Clark County, Nevada, Case Number: A-20-816622-B, Custodian Ventures LLC (“Custodian”) ,managed by David Lazar was appointed receiver of the Company.

On December 16, 2020, Custodian appointed David Lazar as the Company’s Chief Executive Officer, President, Secretary, Chief Financial Officer, Chief Executive Officer and Chairman of the Board of Directors.

On June 7, 2021, as a result of a private transaction, 10,000,000 shares of Series A Preferred Stock, $0.001 par value per share (the “Shares”) of the Company were transferred from Custodian Ventures, LLC to Green Medic Pharms Corp. (the “Purchaser”). As a result, the Purchaser became holders of approximately 98% of the voting rights of the issued and outstanding share capital of the Company on a fully-diluted basis of the Company, and became the controlling shareholder. The consideration paid for the Shares was $215,000. The source of the cash consideration for the Shares was personal funds of the Purchaser. In connection with the transaction, David Lazar released the Company from all debts owed to him and/or Custodian Ventures, LLC. Currently, David Lazar remained as the Company’s Chief Executive Officer, President, Secretary, Chief Financial Officer, Chief Executive Officer and Chairman of the Board of Directors.

One 4 Art Ltd 10-Q