UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period endedSeptember 30, 20172021

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:000-55819

STRONG SOLUTIONS, INC.

(Exact name of Registrant as specified in its charter)

Nevada

38-3942046
(State of incorporation)(IRS Employer ID Number)

2/13 Korolenko Str, Kharkov, Ukraine1894 William St., Ste 4 – 250,Carson City, NV89701

(Address of principal executive offices)Principal Executive Offices) Zip Code

011+380-993-87-5414775-434-4451

(Registrant’s telephone number)

Not Applicable

(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 classTrading Symbol(s)Name of each exchange on which registered
CommonSGOUOTC Pinksheets

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes ☒ No ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See 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 filerSmaller reporting company
(Do not check if a smaller reporting company)Emerging Growth Company

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

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes No

As of September 30, 2017,2021, there were 5,000,00042,051,000 shares of our common stock par value $0.001 per shareissued and outstanding.

TABLE OF CONTENTS

 

 

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information included in this Quarterly Report on Form 10-Q and other filings of the Registrant under the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as well as information communicated orally or in writing between the dates of such filings, contains or may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements in this Quarterly Report on Form 10-Q, including without limitation, statements related to our plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from expected results. Among these risks, trends and uncertainties are the availability of working capital to fund our operations, the competitive market in which we operate, the efficient and uninterrupted operation of our computer and communications systems, our ability to generate a profit and execute our business plan, the retention of key personnel, our ability to protect and defend our intellectual property, the effects of governmental regulation, and other risks identified in the Registrant’s filings with the Securities and Exchange Commission from time to time.

In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “should,” “could,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of such terms or other comparable terminology. Although the Registrant believes that the expectations reflected in the forward-looking statements contained herein are reasonable, the Registrant cannot guarantee future results, levels of activity, performance or achievements. Moreover, neither the Registrant, nor any other person, assumes responsibility for the accuracy and completeness of such statements. The Registrant is under no duty to update any of the forward-looking statements contained herein after the date of this Quarterly Report on Form 10-Q.

TABLE OF CONTENTS

Page No.
PART I – FINANCIAL INFORMATION
Item 1. Financial Statements
Balance Sheets September 30, 2017 (Unaudited) and December 31, 2016 (Audited)Item 1.3Financial Statements:1
Statements of operations for the three months ended September 30, 2017 and September 30, 2016 And for the nine months ended September 30,2017 and 2016 (Unaudited)4
Statements of Cash Flows for the nine months periods ended September 30, 2017 And September 30,2016 (Unaudited)5
Notes to Financial Statements6 - 8
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations9
Item 3.Quantitative and Qualitative Disclosures About Market Risk11
Item 4.Controls and Procedures1211
PART II – OTHER INFORMATION
Other Information
Item 1.Legal Proceedings1312
Item 1A. 1a.Risk Factors1312
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds1312
Item 3.Defaults Upon Senior Securities1312
Item 4.Mine Safety Disclosures1312
Item 5.Other Information1312
Item 6. Exhibits14
SignaturesExhibits1512

STRONG SOLUTIONS, INC.
BALANCE SHEETS
SEPTEMBER 30,2017, DECEMBER 31,2016
 
     
   

September 30,

2017

   

December 31,

2016

 
ASSETS        
Current assets:        
Cash and cash equivalents $20,523  $8,679 
Accounts Receivable $0  $12,300 
Total Current Assets $20,523  $20,979 
TOTAL ASSETS $20,523  $20,979 
         
LIABILITIES AND STOCKHOLDERS' EQUITY        
Current Liabilities:        
Accrued Equipment Rent
 $1,550  $1,100 
Accrued Office Rent $9,900  $7,200 
Accrued Shareholder Salary $110,000  $80,000 
Non-current Liabilities $—    $—   
Total Liabilities $121,450  $88,300 
         
Stockholders' Equity        
Common stock, $0.0001 par value; 75,000,000 shares authorized 5,000,000 shares issued and outstanding respectively $500  $500 
Additional paid in capital $9,500  $9,500 
Accumulated deficit $(110,927) $(77,321)
 Total Stockholders' Equity $(100,927) $(67,321)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $20,523  $20,979 

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

STRONG SOLUTIONS, INC.
STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2017 AND SEPTEMBER 30, 2016
AND FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2017 AND SEPTEMBER 30, 2016
         
         
   

For the

three months ended

September 30,

2017

   

For the

three months ended

September 30,

2016

   

For the

nine months ended

September 30,

2017

   

For the

ninemonths

ended

September

30,

2016

 
Commissions revenue $3,110  $3,210  $8,325  $8,680 
                 
Operating expenses:                
General and administration expense $5,054  $6  $8,781  $803 
Equipment rental, office rent and salary expense $11,050  $11,050  $33,150  $33,150 
Total operating expenses $16,104  $11,056  $41,931  $33,953 
                 
Net income (loss) from operations before income taxes $(12,994) $(7,846) $(33,606) $(25,273)
                 
Income tax $0  $0  $0  $0 
                 
Net income (loss) $(12,994) $(7,846) $(33,606) $(25,273)
                 
Profit (Loss) per common share $0.00  $0.00  $0.00  $0.00 
                 
Weights average of shares outstanding  5,000,000   5,000,000   5,000,000   5,000,000 

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

4 
 

 

STRONG SOLUTIONS, INC.

STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2017 AND SEPTEMBER 30,2016
 
 
   

For the nine months ended

September 30,

2017

   

For the nine months Ended

September 30,

2016

 
Cash flows from operating activities:        
Net income (loss) $(33,606) $(25,273)
Add/deduct items not affecting cash:        
(Increase)/Decrease in Accounts Receivable $12,300  $(8,680)
Increase/(Decrease) in Accounts Payable $33,150  $28,220 
Net cash used in operating activities $11,844  $(5,733)
Cash flows from investing activities:        
Net cash used in investing activities $0  $0 
         
Cash flows from financing activities:        
Net cash provided by financing activities $0  $0 
Net change in cash $11,844  $(5,733)
Cash, beginning of the period $8,679  $14,412 
Cash, end of the period $20,523  $8,679 
         
Supplemental Disclosures regarding cash flows information        
Interest paid $0  $0 
Income taxes paid $0  $0 

The accompanying notes are an integral part of these condensed financial statements.STRONG SOLUTIONS, INC.

 

BALANCE SHEETS

(Unaudited)

  September 30, 2021  December 31, 2020 
ASSETS        
CURRENT ASSETS:        
Cash $-  $- 
Total current assets  -   - 
         
   -   - 
Assets of discontinued operations  -   17,457 
TOTAL ASSETS $-  $17,457 
         
LIABILITIES AND STOCKHOLDERS’ DEFICIT        
         
CURRENT LIABILITIES:        
Accounts payable and accrued liabilities  111,894   - 
Note payable – related party  6,956   - 
Liabilities of discontinued operations  146,350   143,500 
Total current liabilities  265,201   143,500 
         
Commitments and Contingencies  -   - 
         
STOCKHOLDERS’ DEFICIT        
Common stock, par value $0.0001 per share; 75,000,000 shares authorized; 42,051,000 and 38,193,000 shares issued and outstanding as of September 30, 2021 and December 31, 2020  4,205   3,819 
Additional paid in capital  853,939   363,111 
Accumulated deficit  (1,123,345)  (492,973)
Total stockholders’ deficit  (265,201)  (126,043)
         
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $-  $17,457 

1

STRONG SOLUTIONS, INC.

STATEMENTS OF OPERATIONS

(Unaudited)

  2021  2020  2021  2020 
  For the three months ended  For the nine months ended 
  September 30,  September 30, 
  2021  2020  2021  2020 
Operating expenses                
Stock based compensation – related party  -   -   460,425   - 
General and Administrative expenses  44,896   -   147,830   - 
Total operating expense  44,896   -   608,255   - 
                 
Loss from operations  (44,896)  -   (608,255)  - 
                 
Interest expense  -   -   (6)  - 
Loss from disposition of discontinued operations  -   -   (17,061)  - 
Total other income (expenses)  -   -   (17,067)  - 
                 
Net loss from continuing operations  (44,896) $-  $(625,322) $- 
Net loss from discontinued operations  -   (6,178)  (5,050)  (21,200)
Net loss $(44,896) $(6,178) $(630,372) $(21,200)
                 
Net loss per common share – basic and diluted $(0.00) $(0.00) $(0.02) $(0.00)
Weighted average common shares outstanding – basic and diluted  40,551,000   37,093,000   40,263,810   36,293,000 

2

STRONG SOLUTIONS, INC.

STATEMENT OF STOCKHOLDERS’ DEFICIT

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021 AND 2020

(Unaudited)

  Common Stock:
Shares
  Common Stock: Amount  Additional Paid in Capital  Accumulated
Deficit
  Totals 
Balance – December 31, 2020  38,193,000  $3,819  $363,111  $(492,973) $(126,043)
                     
Common stock issued to related party for cash  526,200   53   5,147       5,200 
Common stock issued to NV Share Service                    
Common stock issued to NV Share Service, Shares                    
Common stock issued to related party for services  81,800   8   800       808 
Stock compensation paid to CEO  750,000   75   460,425       460,500 
Net loss for the period  -   -   -   (489,327)  (489,327)
Balance March 31, 2021  39,551,000  $3,955  $829,483  $(982,300) $(148,862)
                     
Common stock issued to related party for services  2,500,000   250   24,456       24,706 
Net loss for the period  -   -   -   (96,149)  (96,149)
Balance June 30, 2021  42,051,000  $4,205  $853,939  $(1,078,449) $(220,305)
                     
           -       - 
Net loss for the period  -   -   -   (44,896)  (44,896)
Balance September 30, 2021  42,051,000  $4,205  $853,939  $(1,123,345) $(265,201)

  Common Stock:
Shares
  Common Stock: Amount  Additional Paid in Capital  Accumulated
Deficit
  Totals 
Balance - December 31, 2019  36,293,000  $3,629  $344,301  $(457,660) $(109,730)
                     
Net loss for the period  -   -   -   (8,348)  (8,348)
Balance March 31, 2020  36,293,000  $3,629  $344,301  $(466,088) $(118,078)
                     
Net loss for the period  -   -   -   (6,674)  (6,674)
Balance June 30, 2020  36,293,000  $3,629  $344,301  $(472,762) $(124,752)
Balance  36,293,000  $3,629  $344,301  $(472,762) $(124,752)
                     
Common stock issued to NV Share Service  800,000   80   7,920   -   8,000 
Net loss for the period  -   -   -   (6,178)  (6,178)
Balance September 30, 2020  37,093,000  $3,709  $352,221  $(478,860) $(122,930)
Balance  37,093,000  $3,709  $352,221  $(478,860) $(122,930)

3

STRONG SOLUTIONS, INC.

STATEMENTS OF CASH FLOWS

(Unaudited)

  2021  2020 
  For the Nine Months Ended September 30, 
  2021  2020 
OPERATING ACTIVITIES:        
Net loss from continuing operations $(625,322) $- 
Net loss from discontinued operations  (5,050)  (21,200)
Net loss  (630,372)  (21,200)
Adjustments to reconcile net loss to net cash (used in) operating activities:        
Shares issued to related party for services  25,514   - 
Shares issued to CEO  460,500   - 
Loss on disposition of discontinued operations  17,457   - 
Changes in assets and liabilities        
Accounts payable and accrued expenses  107,040   - 
Loan payable – related party  11,810   - 
NET CASH USED IN CONTINUED OPERATING ACTIVITIES  (8,050)  - 
NET CASH USED IN DISCONTINUED OPERATING ACTIVITIES  2,850   (5,450)
NET CASH USED IN OPERATING ACTIVITIES  (5,200)  (5,450)
Common stock issued to related party  5,200   - 
NET CASH PROVIDED BY CONTINUED FINANCING ACTIVITIES  5,200   - 
NET CASH PROVIDED BY DISCONTINUED FINANCING ACTIVITIES  -   8,000 
NET CASH PROVIDED BY FINANCING ACTIVITIES  -   8,000 
EFFECT OF EXCHANGE RATE CHANGES  -   - 
         
NET INCREASE (DECREASE) IN CASH  -   2,550 
         
CASH – BEGINNING OF PERIOD  -   1,770 
CASH – END OF PERIOD $-  $4,320 
LESS NET CASH FROM DISCONTINUED OPERATIONS - END OF PERIOD  -   (4,320)
NET CASH FROM CONTINUING OPERATIONS – END OF PERIOD  -   - 
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:        
Cash paid for income taxes  -   - 
Cash paid for interest  -   - 
         
NON-CASH INVESTING AND FINANCING ACTIVITES:        

4

STRONG SOLUTIONS INC.

NOTES TO FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021

AND THE YEAR ENDED DECEMBER 31, 2020

(Unaudited)

NOTE 1 – DESCRIPTION OF BUSINESS

Strong Solutions, Inc. (the “Company”) was incorporated under the laws of the State of Nevada on SeptemberJune 18, 2014 for engagement to engage in the business of real estate management, maintenance and rehabilitation and construction equipment rental in Eastern Europe, and specifically in Ukraine. The Company providesprovided this service for companies and for individuals outside of the United States of America.

As a development-stage enterprise, the Company had limitedno operating revenuesrevenue from December 31, 2020 through September 30,2017. RecordedJune 30, 2021 as a result of lockdowns from COVID 19 in the Ukraine. As a result, a special shareholders meeting was held on March 22, 2021 and a new board of directors elected.

A special board meeting was then held on April 5, 2021 at which officers were appointed and all business in the Ukraine cancelled, including office rent for Mr. Guzii, resulting in no Commission Revenue was generated from Ukrainian clients. The Company is currently devoting substantially all of its present efforts to securing and establishing a new business.business in the United States.

On April 5, 2021 a Special Board Meeting was held at which all contracts, including Mr. Guzii’s office, in the Ukraine were cancelled, effective January 1, 2021, due to the Covid 19 Pandemic and the Company’s focus on new business in the United States. On that same date, David Anderson was appointed President by a majority of the Board of Directors and Eric Stevenson was appointed Treasurer by a majority of the Board of Directors.

On April 05, 2021, the Board of Directors unanimously approved issuing 500,000 shares of common stock to each Director as compensation for serving on the Board. The Board of Directors unanimously approved issuing 500,000 shares of common stock to each Officer as compensation for serving as Management for Strong Solutions, Inc. In addition, each Officer will receive $10,000 a month in compensation and if no funds are available, the compensation shall accrue.

NOTE 2 – GOING CONCERN

The financial statements have been prepared assuming that the Company will continue as a going concern. Currently, the Company has a cash balance of $20,523$0 as of September 30, 20172021 and net loss from operation of $33,606.$605,322 for the nine months ended September 30, 2021. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management believes that the Company’s capital requirements will depend on many factors including the success of our development efforts and our efforts to raise capital. Management also believes the Company needs to raise additional capital for working capital purposes. There is no assurance that such financing will be available in the future. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

In August 1,2017, our first time submitting form 10 we could have raised doubts about getting the earned revenue from our partners because more than 90 days have passed. For now, this risk no more exists because we received all earned revenue and continue get it every month. Our long business relation with our partners from 2014, contracts with them, discussion of plans for joint work all of this reduces our doubts and risks ability to continue as a going concern. Our principal condition is good and we are able to fulfill our obligations.

The other side there are some subjective reasons such as: only one employee who may fall ill or change his mind to perform his duties and continue as a going concern. It can be a risk in our business.

Based on the above we don’t know about others events that raised substantial doubt about our ability to continue as a going concern. We believe if we are able to increase the company staff we completely eliminate the risk of business dependence from one director.

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Cash equivalents

The Company considers all highly liquid instruments and tries to work in cash equivalent segment. The Company’s funds are deposited in insured institutions.

Fixed Assets

Fixed assets are stated at historical cost less accumulated depreciation. The historical cost of acquiring an item of fixed assets includes the costs necessarily incurred to bring it to the condition and location necessary for its intended use. Costs associated with repairs and maintenance are expensed as incurred. Depreciation is provided using the straight-line method over the estimated useful lives of the assets.

5

Use of estimates

The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from these estimates.

Accounts receivable

 

As of September 30,2017, accounts receivable was paid.

Revenue recognition

We base our judgment on guidance ASC 606. Accounting Standards Update 2016-08.

All revenues appear in current periods to be recognized as gross, so, there is no net revenue recognized in current periods.

FASB’s new single, principle-based approach to accounting for revenue from contracts with customers. As the entity, we involved in providing a good and provide service to the customers. In those circumstances, Topic 606 requires us to determine whether the nature of our promise is to provide that good or service to the customers (that is, the entity is a principal) or to arrange for the good or service to be provided to the customers by the other party (that is, the entity is an agent).

This determination is based upon whether we control the goods or service before it is transferred to the customer. Some indicators help in this evaluation.

1. We identify obligations in a contract. A contract includes promises to transfer temporary rights to use construction equipment in their business for profit.

2. We determine the transaction price in a month. The transaction price is the reasonable amount of which we and our customer agree.

3. We recognize revenue when our customer obtains control of that equipment and we received the payment.

4. The transaction price also can include variable considerations or consideration in a form other than cash. In our property management service with Protel Management we received changeable revenue. If the consideration is variable, we estimate the amount of consideration to which we will be entitled in exchange for the services. The estimated amount of variable consideration will be included in the transaction price only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved.

The Company considered recognizes our revenue on the accrual basis, revenue is recognizedwhen earned before cash is received.

and services have been performed. We are a principal and recognize the gross amount received from the customer as revenue. Revenues are reported on the income statementwhen the services have been performed.

Stock Based Compensation

The rent agreement confirmed,Company measures the price is fixed or readily determinable, and collectability is done. Revenues are recognized when the risks and rewardscost of ownership have passed to the customer,services received in exchange for an award of equity instruments based on the termsfair value of sale. We considered net revenue as a principal. Our revenue includes the net amounts that come from Clientaward. For employees and directors and non-employees, the fair value of the award is measured on the grant date. The fair value amount is then recognized over the period during which services are required to be provided in exchange for the Property Management and rent service.

Some of our transactions falls into gross and some transactions going to net categories.

Certain revenues from our service are based on a net reporting because they meetaward, usually the criteria for net reporting method pursuant to ASC 605-45 (Principal Agent Considerations).

Werecognizedincome from Protel Management as a net because:

The Company does not get payments directly from buyers or tenant. The Company received commission from real estate owners or their representatives who hiredvesting period. Stock-based compensation expense is recorded by the Company as an agent. The Company is not a contract party between landlord and tenant.

The Company involved in the communication between them as an agent. Therefore, we determined this indicator to result in revenue reported on a net basis.

Werecognizedincome from firm Marcus as a gross because:

1.We are primarily responsible for fulfilling the promise to provide the specified equipment or service.
2.We receive the gross amount of renting price from our client.
3.We have the discretion in establishing the prices for the construction equipment or service.

Cash equivalents

The Company considers all highly liquid instruments and tries to work in cash equivalent segment. The Company’s funds are deposited in insured institutions.

Income Taxes

We are subject to income taxessame expense classifications in the U.S. February 8, 2017 USA and Ukrainesigned an Intergovernmental Agreement (IGA) to implement provisionsconsolidated statements of the Foreign Account Tax Compliance Act (FATCA) and to promote transparency between the two nations on tax matters.

 We don' not pay income taxoperations, as if such amounts were paid in Ukraine and we don’t have any current income tax obligations.cash.

The Company accounts for income taxes under the provisions of ASC Topic 740, “Income Taxes.” The method of accounting for income taxes under ASC 740 is an asset and liability method.

The asset and liability method requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between tax bases and financial reporting bases of other assets and liabilities.

Income tax assets and liabilities are computed annually for differences between financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities.

NOTE 4 – COMMON STOCK ISSUED AND OUTSTANDING

The company authorized 75,000,000 Common shares $0.0001 par value.

The Company issued and outstanding 5,000,000 common stocks for $10,000.

NOTE 5 – FAIR VALUE OF FINANCIAL INSTRUMENTS

The carrying amounts of cash and cash equivalents approximate their fair values due to their short-term nature.

NOTE 6 – CONCENTRATION OF CREDIT RISK

The Company maintains cash balances at a Wells Fargo financial institution. The balance, at any given time, may exceed Federal Deposit Insurance Corporation (“FDIC”) insurance limits of $250,000 per institution. Our cash balances at September 30, 2017 were within FDIC insured limits.

Concentration of revenues.

Since the Company have only two clients from which we receive the income our revenues concentrate from particular clients Protel Management and firm Marcus. It shows our vulnerability from them and in present time we can't diversify in order to mitigate the risks. We can have the potential for serious impact that can result from a complete or partial loss of business from our clients and as a consequence of the change in income.

NOTE 74COMMITMENTS AND CONTINGENCIES

From time to time, the Company may become subject to legal proceedings, claims and litigation arising in the ordinary course of our business.

The Company is not currently a party to any material legal proceedings, nor is we aware of any other pending or threatened litigation that would have a material adverse effect on our business, operating results, cash flows or financial condition should such litigation be resolved unfavorable.

6

NOTE 85RELATED PARTY TRANSACTIONS

Mr. Guzii iswas our controlling shareholder. He representsrepresented the company and provideprovided the serviceservices on our behalf to our clients firm MarcusMarkus and Protel Management. Mr. Guzii sold his controlling interest to NV Share Services LLC on May 13, 2020. On March 22, 2021 a Special Shareholders Meeting was held at which Mr. Guzii was removed as an officer and director of the Company without prejudice due to the Covid 19 Pandemic, at the request in writing by NV Share Services LLC. On April 5, 2021 a special board meeting was held at which all business in the Ukraine was cancelled, effective January 1, 2021, so that the Company could devote its time to finding new business in the United States.

We use his construction equipment to make our business with firm Marcus and also, he devotes significant time servicing to Protel Management.rented office space from Mr. Guzii in the Ukraine for $450 a month. As of January 1, 2021, we are no longer renting office space from Mr. Guzii. We do not have an employment agreement with Mr. Guzii. From inception by now he didn’t receive any compensation for his time and service but we expect to pay him an annual salary of $40,000 when we have funding or revenues available for that purpose.

NOTE 9 – STOCKHOLDERS’ EQUITY

From our inception on September 18, 2014 through September 30, 2017,On February 24, 2021 the Company issued 5,000,000750,000 shares of common stock to Mr. Andrii Guzii as compensation for services valued at $460,500. On that same date, the Company’s founder. Also, we useCompany issued 608,000 shares of common stock to NV Share Services LLC for cash valued at $6,080.

On June 15, 2021 the Company issued 1,000,000 shares of common stock to Mr. Eric Stevenson as compensation for services valued at $9,882.

On June 15, 2021 the Company issued 1,000,000 shares of common stock to Mr. David Anderson as compensation for services valued at $9,882.

On June 15, 2021 the Company issued 500,000 shares of common stock to Mr. Oscar Kaalstade as compensation for services valued at $4,943.

In the period ending Sept. 30,2021 there were no shares issued to any related party.

NOTE 6 – COMMON STOCK

The company authorized 75,000,000 Common shares $0.0001 par value.

We issued 300,000 shares of common stock to Mr. Andrii Guzii in consideration of expenses incurred on December 9, 2020.

We issued 800,000 shares of common stock to NV Share Services LLC in consideration of $8,000 in cash on December 7, 2020.

We issued 400,000 shares of common stock to NV Share Services LLC in consideration of $4,000 in cash on August 27, 2020.

We issued 400,000 shares of common stock NV Share Services LLC in consideration of $4,000 in cash on May 26, 2020.

We issued 1,293,000 common shares for cash at a purchase price of $0.01 per share to 31 nonaffiliated shareholders.

We issued 5,000,000 common shares for cash at a purchase price of $0.002 per share to our director Mr.Guzii.

30,000,000 shares were issued to our director Mr.Guzii for repayment of accrued salary on $30,000 and $270,000 of stock compensation value at $0.01 per share. This value was determined based on the previous sale of stock to unrelated parties at 0.01 per share.

On February 24, 2021 the Company issued 750,000 of common stock to Mr. Andrii Guzii as compensation for services valued at $460,500. On that same date, the Company issued 608,000 shares of common stock to NV Share Services LLC for cash valued at $5,200 and services valued at $880.

On June 15, 2021 the Company issued a total of 1,000,000 shares of common stock to Mr. Eric Stevenson as compensation for services as both an officer and director valued at $9,882.

On June 15, 2021 the Company issued a total of 1,000,000 shares of common stock to Mr. David Anderson as compensation for services as both an officer and director valued at $9,882.

On June 15, 2021 the Company issued 500,000 shares of common stock to Mr. Oscar Kaalstade as compensation for services valued at $4,943.

As of September 30, 2021, the Company had issued and outstanding 42,051,000 shares of common stock.

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NOTE 7 – DISCONTINUED OPERATIONS

The Company has just two contracts for property management and equipment rental in the Ukraine where the Pandemic has affected our business and as a result the Board of Directors has canceled its contracts with both Protel Management and Marcus effective January 1, 2021. The office rented for the Company has also been canceled as of January 1, 2021.

We provide property management services for Protel Management in the Ukraine. We own construction equipment which is rented out to make ourMarcus monthly. Protel’s property is vacant due to the Pandemic. Marcus’ equipment rental stopped due the Pandemic. With no further business with firm Marcus. We didn’t put this equipment oninterests in the balance sheet since it is not our property.Ukraine, the Company stopped paying office rent as of January 1, 2021, as determined by the Board of Directors.

The major classes of assets and liabilities of Strong Solutions, Inc. at September 30, 2021 are as follows:

SCHEDULE OF DISCONTINUED OPERATIONS

  September 30, 2021  December 31, 2020 
ASSETS        
Current assets        
Cash and cash equivalents $-  $2,457 
         
Total current assets  -   - 
Non-current assets        
Equipment, net  -   15,000 
Assets of discontinued operations $-  $17,457 
         
LIABILITIES        
Current liabilities        
Related party accrued shareholder salary $143,350  $140,500 
Accounts payable loan from related party  3,000   3,000 
Total current liabilities  146,350   143,500 
Liabilities of discontinued operations  146,350   143,500 
         
Net (liabilities) assets of discontinued operations $(146,350) $(126,043)

NOTE 108SUBSEQUENT EVENTS

In accordance with ASC 855 the Company’s management reviewed all material events through the date these financial statements were available to be issued, and there arewere no material subsequent events.events that occurred during the period ending Sept 30, 2021.

NOTE 11 –RESTATEMENT OF FINANCIAL STATEMENT

The Company has restated its financial statements for the years ended December 31, 2015, 2016 and June 30,2017 to reflect appropriate accrued expenses related to our business. For the three months ended September 30,2017 we didn’t restate our financial statements.          

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

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

Operating results for the nine months ended September 30, 2017,2021, are not necessarily indicative of results that may occur in future interim periods or for the full fiscal year.

As used in this Form 10-Q, references to the Company,” “we,” “our” or “us” refer to Strong Solutions, Inc. a Nevada Corporation unless the context otherwise indicates.

Forward-Looking Statements

Our Form 10 contains “forward–looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and such statements are intended to enjoy the benefit of that act. Unless the context is otherwise, we use words such as “anticipate”, “assumption”, ” believe”“believe”, “could”, “estimate”, “expect”, “forecast”, “intend”, “may”, “objective”, “outlook”, “plan” and “plans”, “potential”, “predict”, project” and “projection”, “seek”, “should”, “will continue”, “will result” and “would”, or other such words, whether nouns or pronouns and verbs or adverbs in the future tense and words and phrases that convey similar meaning and uncertainty of and information about future events or outcomes and statements about performance that is not an historical fact to identify these forward–looking statements. Such words and statements involve estimates, assumptions and uncertainties, which could cause actual results to differ materially from those expressed in them. Any forward–looking statements are qualified in their entirety by reference to the factors discussed throughout this document. All forward-looking statements concerning economic conditions, rates of growth, rates of income or values as may be included in this document are based on information available to us on the dates noted, and we assume no obligation to update any such forward–looking statements. It is important to note that our actual results may differ materially from those anticipated in such forward-looking statements due to fluctuations in interest rates, inflation, government regulations, economic conditions and competitive product and pricing pressures in the geographic and business areas in which we conduct operations, including our plans, objectives, expectations and intentions and other factors discussed elsewhere in this registration statement.

There are a number of important factors beyond our control that could cause actual results to differ materially from the results anticipated by these forward–looking statements. While we make these forward–looking statements based on our beliefs and on various factors and using numerous assumptions using information available at the time we make these statements. Forward-looking statements are neither predictions nor guaranties of future events or circumstances, and the assumptions, beliefs, expectations, forecasts and projections about future events may differ materially from actual results. You have no assurance the factors and assumptions we have used as a basis for forward–looking statements will prove to be materially accurate when the events they anticipate actually occur in the future; and, you should not place undue reliance on any such forward–looking statements. We undertake no obligation to publicly update any forward–looking statement to reflect developments occurring after the date of this registration statement.

Business Overview

Mr. Andrii Guzii founded us to engage in real estate management and consulting, maintenance and rehabilitation, construction equipment rental business in the Ukraine. At the date of this registration statement, wereport a new board was elected, Mr. Guzii was removed as a Director and Officer without prejudice and new officers appointed. The exit from the Ukraine was due to the Covid 19 Pandemic and focusing the Company’s business efforts in the United States. We have one client (Protel Management) for whom we provide property management service for real estate located in Kharkov, Ukraine and we have one client (firm Marcus) for whom we provide construction equipment rental service. From both clients, we received income of the past three years. It has been the source ofcancelled all the revenue we have received since inception.

Also, we will offer rehabilitation of propertiescontracts with equipment rental services useful in appropriate maintenance and repair. We are committed to expanding the scope of services offered, while ensuring that we can support client relationships with best-in-class service. For Protel Management, we provide real estate management in Ukraine.

The services we provide include identifying suitable opportunities for future real estate development and construction, oversight of development and construction of real estate managed by Protel Management and Markus, as well as cancelling the management of residential and commercial real estate, represented by Protel Managementoffice rented for Mr. Guzii.

We are now committed to consumers residing in and outside of Ukraine.

Since our inception we have engageddeveloping new business in the following significant operating activities:United States.

Company set up:

a.Incorporate company in state of Nevada
b.Set up main executive office in Ukraine
c.Open up bank account for the company

Secured initial capital by a contribution from our founder, Chief Executive Officer and Director Commenced significant other operational activities, such as:

a.Have researched and identified potential new clients
b.Have arranged for and met with various potential clients
c.Have drafted and began production of various marketing materials

As of the date of this form, we have obtained a written agreement for our services with:

Protel Management, LLC and Firm Markus.

The services what we contribute to Protel Management include: Manage the property, find the tenants for lease, assist workdirectly with tenants about make the payments in time,handling maintenance, watch that all equipment’s as: elevators, fire and gas alarms, sewerage, phone lines, refrigerators, etc., work properly. If repair is required, then contact with services to fix it.Price for our service is 5.5% commission from gross revenue that Protel received from the tenants. Below we provide 9 months -to-9 months comparisons:

For 9 months of 2016$5,030
For 9 months of 2017$4,825

We provide long term rental of construction equipment to firm Marcus. This equipment includes:

Scaffoldings and Rafters for outside and inside work. Technically this equipment uses all year around, but more in demand in warm weather. We received around $500 a month form firm Marcus as a payment for this construction equipment. We don’t have insurance to cover accidental damage but our agreement with firm Marcus obligate their pay the collateral value $25,000 in case of total loss. Below we provide 9 months -to-9 months comparisons:

For 9 months of 2016$3,650
For 9 months of 2017$3,500

We are not the owner of this equipment. Our director Mr.Guzii  rented  it to us for $50 a month without ownership and does not require a return in the near future. For the repair of the construction equipment or technical maintenance the company pay for that from out of profits.

Liquidity

We don’t know about trends or any demands, commitments, events or uncertainties that will result to our liquidity increasing or decreasing in any material way.

Capital resources

We don’t have any fixed assets on our balance therefore capital expenditures as of the end of the latest quarter not exist.          

Results of Operations for the three months period ended September 30,201730, 2021 and ninefor the three months period ended September 30, 2017 and 2016.2020

For the three months period ended September 30,201730, 2021 we generated $3,110$0 in revenues. We generated $1,610 from Protel Management and $1,500 from firm Marcus. Our cash balance was $20,523.

For the three months period ended September 30,201730, 2021 we had $16,104$44,896 company expenses consist of $5,054$1,896 general and administration expense, and $11,050 include$43,000 in professional fees. The professional fees consist mainly of $40,000 was accrued amount for equipment rental, office rentbut not paid to our new President and salary for shareholder.our Treasurer. Our loss from operations was $12,994.$44,896.

For the ninethree months period ended September 30,201730, 2020 we generated $8,325$0 in revenues and our cash balance was $20,523.

For the nine months period ended September 30,2016 we generated $8,680 in revenues and our cash balance was $8,679.

For the nine months period ended September 30,2017 we had $41,931 company expenses consist of $8,781 general and administration expense and $33,150 include accrued amount for equipment rental, office rent and salary for shareholder. Our loss from operations was $33,606.

For the nine months period ended September 30,2016 we had $33,953 company expenses consist of general and administration expense $803 and $33,150 accrued amount for equipment rental, office rent and salary for shareholder. Our loss from operations was $25,273.

discontinued operations. Our cash balances were not sufficient to fund our limited levels of operations for any period of time without further revenue or proceeds. In order to implement our planNV Share Services LLC purchased 35,000,000 shares of operationscommon stock in the next twelve months, we needCompany from Mr. Andrii Guzii May 13, 2020 for cash. Since buying control from Mr. Guzii, NV Share Services LLC has purchased common stock in the Company for $0.01 a share every quarter. There can be no assurances that NV Share Services LLC will continue to raise $50,000purchase shares in addition to the costs of becoming a reporting company.Company. Being a development stage company, we have a limited operating history but have meaningfullyhad commenced business operations in the Ukraine based upon the amount of limited revenue we have been able to generate.

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We are a development stage company and have generated $8,325 in revenueResults of Operations for the nine months period ended September 30,2017. $4,825 we generated from Protel Management. Our revenue30, 2021 and for the nine months period ended September 30,2016 was $8,680 including $5,030 was generated pursuant to our agreement with Protel Management. Pursuant to our agreement with Protel Management, we provide real estate management in Ukraine. The services we provide include identifying suitable opportunities for future real estate development and construction by Protel Management and oversight of planned development and construction of real estate managed by Protel Management, and the management of completed residential real estate represented by Protel Management to consumers residing in and outside of Ukraine. Protel Management and we are unrelated entities.30, 2020

For the nine months period ended September 30,201730, 2021 we generated $3,500$0 in revenue pursuant to our agreement with firm Marcus in which we agreed to provide the company with construction equipment for rent. revenues.

For the nine months period ended September 30,201630, 2021 we had $608,255 in company expenses consisting of $8,841 general and administration expense, $138,989 of professional fees and $460,425 in Stock based compensation. The stock-based compensation of $460,500 was paid to our CEO Mr. Andrii Guzii. Our loss from operations was $608,255.

For the nine months period ended September 30, 2020 we generated $3,650 also$2,530 in revenues from firm Marcus.discontinued operations. Our cash balances were not sufficient to fund our limited levels of operations for any period of time without further revenue or proceeds. NV Share Services LLC purchased 35,000,000 shares of common stock in the Company from Mr. Andrii Guzii May 13, 2020 for cash. Since buying control from Mr. Guzii, NV Share Services LLC has purchased common stock in the Company for $0.01 a share every quarter. There can be no assurances that NV Share Services LLC will continue to purchase shares in the Company. Being a development stage company, we have a limited operating history but had commenced business operations in the Ukraine based upon the amount of limited revenue we have been able to generate.

At the present time, we have not made any arrangements to raise additional cash. If we are unable to raise additional cash, we will either have to suspend operations until we do raise the cash or cease operations entirely.

During start upthe startup period, our operations will bewere limited due to the limited amount of funds on hand. Our specific goal iswas to profitably market and rent our construction equipment and sell related property management and property rehabilitation services. This business was discontinued January 1, 2021 due to several lockdowns in the Ukraine due to the Covid 19 Pandemic. The Board of Directors determined that after three years and no growth in revenue in the Ukraine that it would be better for the Company to cancel all Ukraine contracts and focus on new business in the United States.

Liquidity and Capital Resources at September 30, 2017

Cash $20,523 
Accounts Receivable $0 
Total stockholders’ equity $(100,927)

Going Concern Consideration

Our auditor has indicated in our report that there is substantial doubt about our ability to continue as a going concern as a result of our lack of revenues and if we are unable to generate significant revenue or secure financing we may be required to cease or curtail our operations.

Liquidity and Capital Resources

As of September 30, 2017,2021, and September 30, 2016,2020 we had cash of $20,5230 and $8,679$2,457 respectively. Cash provided by operating activities for the nine month periods ending September 30, 2017

We had fixed assets on our balance total $15,000 in Scaffolding and September 30, 2016.Rafters.

Off Balance Sheet Arrangements

None

 

We use our director Mr.Guzii construction equipment to make our business with firm Marcus. We didn’t put this equipment on the balance sheet since it is not our property.

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ItemITEM 3. Quantitative and Qualitative Disclosures about Market RiskQUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

An Emerging Growth company, as defined on form 10 is not required to provide the information required by this item.

An emerging growth company is also exempt from Section 404(b) of the Sarbanes-Oxley Act which requires that the registered accounting firm shall, in the same report, attest to and report on the assessment on the effectiveness of the internal control structure and procedures for financial reporting. Similarly, as a Smaller Reporting Company we are exempt from Section 404(b) of the Sarbanes-Oxley Act and our independent registered public accounting firm will not be required to formally attest to the effectiveness of our internal control over financial reporting until such time as we cease being a Smaller Reporting Company.

As an emerging growth company, we are exempt from Section 14A (a) and (b) of the Securities Exchange Act of 1934 which require the shareholder approval of executive compensation and golden parachutes.

Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefit of this extended transition period.

Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards. We would cease to be an emerging growth company upon the earliest of:

the first fiscal year after our annual gross revenues are $1 billion or more;
the date on which we have, during the previous three-year period, issued more than $1 billion in non-convertible debt securities;
as of the end of any fiscal year in which the market value of our common stock held by non-affiliates exceeded $700 million as of the end of the second quarter of that fiscal year.

ItemITEM 4. Controls and ProceduresCONTROLS AND PROCEDURES

Laws and regulations use controls, disclosure obligations and other restrictions that affect to the property management development.development in the Ukraine. Such laws and regulations tend to discourage rent and leasing activities. Transactions in which we arewere involved may be delayed or abandoned as a result of these restrictions.

In Ukraine, there is no one statute that governs a foreign entity conducting business within the country. Even though we are headquartered and operate in Ukraine, the laws applicable to us as a Nevada USA corporation include requirements that (a) we take out liability insurance on behalf of any full-time employees and (b) we maintain adequate books and records and periodic financial statements. We are also subject to various consumer protection laws that prohibit the use of fraudulent or deceptive practices.

We are implementing procedures to control advertising and promotions. These procedures are necessary to assure our proper representation and include review of all advertising material and restrictions on how our clients and others can advertise using our brand.

Changes in Internal Control Over Financial Reporting

There have been no changes in the Company’s internal control over financial reporting identified in connection with the evaluation that occurred during the Company’s last fiscal quarter that has materially affected, or is reasonable likely to materially affect, the Company internal control over financial reporting.

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PART II

OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Item 1. Legal Proceedings

The Company is not currently a party to any material legal proceedings, nor is we aware of any other pending or threatened litigation that would have a material adverse effect on our business, operating results, cash flows or financial condition should such litigation be resolved unfavorable.

ItemITEM 1A. Risk FactorsRISK FACTORS

Because we are classified as an Emerging Growth Company under the federal securities laws, we are not required to include risk factors in this 10Q report. The risk factors were included in our form10.form 10.

Item 2. Unregistered Sales of Equity Securities and Use of ProceedsITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

We did not sellsold unregistered securities during the quarter endingnine months ended September 30,201730, 2021. NV Share Services LLC paid cash, $0.01 per share of common stock, to purchase 608,000 shares for $6,008 in cash on February 24, 2021. We issued 750,000 shares of common stock to Mr. Andrii Guzii on February 24, 2021 in for compensation valued at $460,500.

On June 15, 2021 the Company issued a total of 1,000,000 shares of common stock to Mr. Eric Stevenson as compensation for services as both an officer and director valued at $9,882.

On June 15, 2021 the Company issued a total of 1,000,000 shares of common stock to Mr. David Anderson as compensation for services as both an officer and director valued at $9,882.

On June 15, 2021 the Company issued 500,000 shares of common stock to Mr. Oscar Kaalstad as compensation for services valued at $4,943.

Purchases of equity securities by the issuer and affiliated purchasers

During the quarter endingnine months ended September 30, 2017,2021 there were no purchases of equity securities by us or affiliated purchasers.

Use of Proceeds

None

ItemITEM 3. Defaults Upon Senior SecuritiesDEFAULTS UPON SENIOR SECURITIES

We have no senior securities outstanding.

ItemITEM 4. Mine Safety DisclosuresMINE SAFETY DISCLOSURES

Not Applicable.

ItemITEM 5. Other Information.OTHER INFORMATION

None.

ITEM 6. EXHIBITS

Item 6. Exhibits

Exhibit No. 

Description

31.1 
31.1Certification by Chief Executive Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act (filed hereto)
32.1 
32.1Certification by Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed hereto)

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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.

Strong Solutions Inc.
November 7, 201715, 2021By:
By:/s/ Andrii GuziiEric Stevenson
Name:Andrii Guzii
Secretary/TreasurerTitle:President, CEO

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