New Momentum (NNAX) 10-Q 5 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 05, 2020
Document And Entity Information
Entity Registrant Name	Eason Education Kingdom Holdings, Inc.
Entity Central Index Key	0001132509
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	true
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Mar. 31, 2020
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020
Entity Common Stock Shares Outstanding		310,868,500
Entity File Number	000-52273
Entity Address Address Line 1	Unit 19, 35/F., Tower 1
Entity Address Address Line 2	Millennium City 1, No. 388 Kwun Tong Road,
Entity Address Postal Zip Code	0000
Entity Tax Identification Number	88-0435998
Entity Address City Or Town	Kowloon
Local Phone Number	2111-0810
City Area Code	852
Entity Address Country	HK
Entity Interactive Data Current	Yes

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Mar. 31, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash
Escrow accounts hold by attorney	21,131	29,404
Prepaid expenses
Total Current Assets	21,131	29,404
TOTAL ASSETS	21,131	29,404
CURRENT LIABILITIES:
Accounts payable
Accounts payable - Related party
Accrued interest
Accrued interest - Related parties
Accrued liabilities	20,000	19,700
Amount due to shareholder
Notes payable
Notes payable - Related parties
Total Current Liabilities	20,000	19,700
STOCKHOLDERS' EQUITY:
Preferred stock, Class A Preferred Stock; $0.001 par value 175,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.001 par value; 500,000,000 shares authorized; 2020: 310,868,500 (2019: 310,868,500) shares issued and outstanding	310,869	310,869
Additional paid-in capital	413,349	413,349
Accumulated deficit	(723,087)	(714,514)
Total Stockholders' Equity	1,131	9,704
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 21,131	$ 29,404

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
STOCKHOLDERS EQUITY
Common stock par value	$ 0.001	$ 0.001
Common stock, Shares authorized	500,000,000	500,000,000
Common stock, Shares issued	310,868,500	310,868,500
Common stock, Shares outstanding	310,868,500	310,868,500
Class A Preferred Stock [Member]
STOCKHOLDERS EQUITY
Preferred stock par value	$ 0.001	$ 0.001
Preferred stock, Shares authorized	175,000,000	175,000,000
Preferred stock, Shares issued	0	0
Preferred stock, Shares outstanding	0	0

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)
Revenues
Gross Revenues
Operating Expenses
General and administrative expenses	8,573	7,061
Total Operating Expenses	8,573	7,061
Loss from Operations	(8,573)	(7,061)
Other Income (Expense)
Gain on release of liabilities
Interest (expense)
Interest (expense) - Related Parties
Total Other Income/(Expense)
Profit/(loss) before Income Taxes	(8,573)	(7,061)
Provision for Income Taxes
Net Profits/(Loss)	$ (8,573)	$ (7,061)
Earnings (Loss) per Share Basic and Diluted	$ 0	$ 0
Weighted Average Shares Outstanding Basic and Diluted	310,868,500	310,868,500

STATEMENTS OF STOCKHOLDERS DEFI

STATEMENTS OF STOCKHOLDERS DEFICIT - USD ($)	Total	Capital Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Balance, shares at Dec. 31, 2014		10,368,500
Balance, amount at Dec. 31, 2014	$ (539,775)	$ 10,369	$ 110,533	$ (660,677)
Debt settlement on ownership change	302,816		302,816
Shares issued, Shares		300,500,000
Shares issued, Amount	300,500	$ 300,500
Net loss	$ 167,575			$ 167,575
Balance, shares at Dec. 31, 2015		310,868,500
Balance, amount at Dec. 31, 2015	$ 231,116	$ 310,869	$ 413,349	$ (493,102)
Net loss	$ (52,664)			$ (52,664)
Balance, shares at Dec. 31, 2016		310,868,500
Balance, amount at Dec. 31, 2016	$ 178,452	$ 310,869	$ 413,349	$ (545,766)
Net loss	$ (60,138)			$ (60,138)
Balance, shares at Dec. 31, 2017		310,868,500
Balance, amount at Dec. 31, 2017	$ 118,314	$ 310,869	$ 413,349	$ (605,904)
Net loss	$ (60,786)			$ (60,786)
Balance, shares at Dec. 31, 2018		310,868,500
Balance, amount at Dec. 31, 2018	$ 57,528	$ 310,869	$ 413,349	$ (666,690)
Net loss	$ (7,061)			$ (7,061)
Balance, shares at Mar. 31, 2019		310,868,500
Balance, amount at Mar. 31, 2019	$ 50,467	$ 310,869	$ 413,349	$ (673,751)
Net loss	$ (47,824)			$ (47,824)
Balance, shares at Dec. 31, 2019		310,868,500
Balance, amount at Dec. 31, 2019	$ 9,704	$ 310,869	$ 413,349	$ (714,514)
Net loss	$ (8,573)			$ (8,573)
Balance, shares at Mar. 31, 2020		310,868,500
Balance, amount at Mar. 31, 2020	$ 1,131	$ 310,869	$ 413,349	$ (723,087)

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net profits (loss) from operations	$ (8,573)	$ (7,061)
Changes in assets and liabilities:
Decrease in prepaid expenses
Increase(Decrease) in accrued liabilities	300	(556)
Decrease in accounts payable
Decrease in accrued expenses
Decrease in escrow account hold by attorney	8,273	7,617
Net cash (used in) operating activities
CASH FLOWS FROM FINANCING ACTIVITIES:
Procced from debt settlement
Escrow accounts hold by director
Amount due to shareholder
Decrease in notes payable
Decrease in notes payable-related parties
Proceed from common stock issuance
Net cash provided by financing activities
Net increase/(decrease) in cash
CASH AT BEGINNING OF THE YEAR
CASH AT END OF THE YEAR
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes
Cash paid for interest expense

ORGANIZATION, HISTORY AND BUSIN

ORGANIZATION, HISTORY AND BUSINESS ACTIVITY	3 Months Ended
	Mar. 31, 2020
ORGANIZATION, HISTORY AND BUSINESS ACTIVITY
NOTE 1 - ORGANIZATION, HISTORY AND BUSINESS ACTIVITY	Eason Education Kingdom Holdings, Inc. (formerly known as Han Logistics, Inc.) (the “Company”) was incorporated under the law of the State of Nevada on July 1, 1999. The Company organized to engage in the business of namely the development, marketing and delivering of logistical analysis, problem solving and other logistics services and general business services. The Company is currently seeking any business opportunities. On February 12, 2015, Michael Vardakis, the then major shareholder, entered into a Stock Purchase Agreement with Kin Hon Chu (“New Majority Shareholder”) wherein Mr. Vardakis sold 8,813,225 shares of the Company’s common stock, representing approximately 85% of all issued and outstanding shares to Mr. Chu.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2020
SIGNIFICANT ACCOUNTING POLICIES
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES	This summary of significant accounting policies of Eason Education Kingdom Holdings, Inc. is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) and have been consistently applied in the preparation of the financial statements. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. The Company currently has cash held in a trust account held by the Company’s legal counsel. Fair Value of Financial Instruments Effective January 1, 2008, the Company adopted FASB ASC 820, Fair Value Measurements, which provides a framework for measuring fair value under GAAP. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standard also expands disclosures about instruments measured at fair value and establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 – Quoted prices for identical assets and liabilities in active markets; Level 2 – Quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and Level 3 – Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. The Company designates cash equivalents as Level 1. The total amount of the Company’s investment classified as Level 3 is de minimis. The fair value of the Company’s debt as of March 31, 2020 and December 31, 2019 approximated fair value at those times. Fair value of financial instruments: The carrying amounts of financial instruments, including cash, accounts payable, and accrued expenses approximated fair value as of March 31, 2020 and December 31, 2019 because of the relative short term nature of these instruments. Revenue Recognition The Company recognizes revenue, in accordance with ASC 605, Revenue Recognition, which codified the Securities and Exchange Commission Staff Accounting Bulletin (SAB) number 104, which states that revenue is generally recognized when it is realized and earned. Specifically, the Company recognizes revenue when services are performed and projects are completed and accepted by the customer. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates. Income Taxes The Company accounts for income taxes under an asset and liability approach. This process involves calculating the temporary and permanent differences between the carrying amounts of the assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The temporary differences result in deferred tax assets and liabilities, which would be recorded on the Company’s balance sheets in accordance with ASC 740, Income Taxes, which established financial accounting and reporting standards for the effect of income taxes. The Company must assess the likelihood that its deferred tax assets will be recovered from future taxable income and, to the extent the Company believes that recovery is not likely, the Company must establish a valuation allowance. Changes in the Company’s valuation allowance in a period are recorded through the income tax provision on the statements of operations. The Company records interest and penalties arising from the underpayment of income taxes in the statement of income under general and administrative expenses. As of March 31, 2020 and December 31, 2019, the Company had no accrued interest or penalties related to uncertain tax positions. The company also did not have any uncertain tax benefits during these years. The tax years 2019, 2018 and 2017 remain open to examination. Earnings (Loss) per Share The Company is required to provide basic and dilutive earnings (loss) per common share information. The basic net loss per common share is computed by dividing the net loss applicable to common stockholders by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss applicable to common stockholders, adjusted on an “as if converted” basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For the three months ended March 31, 2020 and 2019, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share. Recent Accounting Pronouncements ASU No. 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, provides financial statement preparers with an option to reclassify stranded tax effects within AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act (or portion thereof) is recorded. The ASU requires financial statement preparers to disclose: · A description of the accounting policy for releasing income tax effects from AOCI; · Whether they elect to reclassify the stranded income tax effects from the Tax Cuts and Jobs Act; and · Information about the other income tax effects that are reclassified. The amendments affect any organization that is required to apply the provisions of Topic 220, Income Statement—Reporting Comprehensive Income, and has items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by GAAP. The amendments are effective for all organizations for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. Organizations should apply the proposed amendments either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The FASB has issued Accounting Standards Update (ASU) No. 2018-05, Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118. ASU 2018-05 amends certain SEC material in Topic 740 for the income tax accounting implications of the recently issued Tax Cuts and Jobs Act (Act). ASU 2018-05 adds the following guidance, among other things, to the FASB Accounting Standards Codification™ regarding the Act: · Question 1: If the accounting for certain income tax effects of the Act is not completed by the time a company issues its financial statements that include the reporting period in which the Act was enacted, what amounts should a company include in its financial statements for those income tax effects for which the accounting under Topic 740 is incomplete? · Answer 1: In a company’s financial statements that include the reporting period in which the Act was enacted, a company must first reflect the income tax effects of the Act in which the accounting under Topic 740 is complete. These completed amounts would not be provisional amounts. The company would then also report provisional amounts for those specific income tax effects of the Act for which the accounting under Topic 740 will be incomplete but a reasonable estimate can be determined. For any specific income tax effects of the Act for which a reasonable estimate cannot be determined, the company would not report provisional amounts and would continue to apply Topic 740 based on the provisions of the tax laws that were in effect immediately prior to the Act being enacted. For those income tax effects for which a company was not able to determine a reasonable estimate (such that no related provisional amount was reported for the reporting period in which the Act was enacted), the company would report provisional amounts in the first reporting period in which a reasonable estimate can be determined. · Question 2: If an entity accounts for certain income tax effects of the Act under a measurement period approach, what disclosures should be provided? · Answer 2: The staff believes an entity should include financial statement disclosures to provide information about the material financial reporting impacts of the Act for which the accounting under Topic 740 is incomplete, including: a. Qualitative disclosures of the income tax effects of the Act for which the accounting is incomplete; b. Disclosures of items reported as provisional amounts; c. Disclosures of existing current or deferred tax amounts for which the income tax effects of the Act have not been completed; d. The reason why the initial accounting is incomplete; e. The additional information that is needed to be obtained, prepared, or analyzed in order to complete the accounting requirements under Topic 740; f. The nature and amount of any measurement period adjustments recognized during the reporting period; g. The effect of measurement period adjustments on the effective tax rate; and h. When the accounting for the income tax effects of the Act has been completed. ASU 2018-05 is effective upon inclusion in the FASB Codification. The FASB has issued Accounting Standards Update (ASU) No. 2018-17, Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities, that reduces the cost and complexity of financial reporting associated with consolidation of variable interest entities (VIEs). A VIE is an organization in which consolidation is not based on a majority of voting rights. The new guidance supersedes the private company alternative for common control leasing arrangements issued in 2014 and expands it to all qualifying common control arrangements. Under the new standard, a private company could make an accounting policy election to not apply VIE guidance to legal entities under common control (including common control leasing arrangements) when certain criteria are met. This accounting policy election must be applied by a private company to all current and future legal entities under common control that meet the criteria for applying the alternative. A private company will be required to continue to apply other consolidation guidance, specifically the voting interest entity guidance. Additionally, a private company electing the alternative is required to provide detailed disclosures about its involvement with, and exposure to, the legal entity under common control. The ASU also amends the guidance for determining whether a decision-making fee is a variable interest. The amendments require organizations to consider indirect interests held through related parties under common control on a proportional basis rather than as the equivalent of a direct interest in its entirety (as currently required in GAAP). Therefore, these amendments likely will result in more decision makers not consolidating VIEs. For organizations other than private companies, the amendments in this ASU are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The amendments in this ASU are effective for a private company for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. Early adoption is permitted.” We do not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the financial position, statements of operations and cash flows.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Mar. 31, 2020
GOING CONCERN
NOTE 3 - GOING CONCERN	The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company incurred a net loss of $8,573 (from operations) for the three months ended March 31, 2020 and an accumulated deficit of $723,087. It also sustained operating losses in prior years as well. These factors raise substantial doubt as to its ability to remain a going concern and obtain debt and/or equity financing and achieve profitable operations. Management intends to raise additional operating funds through equity and/or debt offerings. However, there can be no assurance management will be successful in its endeavors. Ultimately, the Company will need to achieve profitable operations in order to continue as a going concern. There are no assurances that Eason Education Kingdom Holdings, Inc. will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support its working capital requirements. To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available, the Company may be required to curtail its operations.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2020
INCOME TAXES
NOTE 4 - INCOME TAXES	Deferred taxes are provided on an asset and liability approach whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. 2019: Balance Rate Tax Federal loss carryforward $ 673,918 21 % $ 141,523 Valuation allowance (141,523 ) Deferred tax asset $ - 2020: Balance Rate Tax Federal loss carryforward $ 682,491 21 % $ 143,323 Valuation allowance (143,323 ) Deferred tax asset $ - A reconciliation between expected and actual tax liability is presented below. 2020 2019 Expected (Benefit) – Federal rate 21% $ (1,800 ) $ (10,043 ) Effect of: Valuation allowance 1,800 10,043 Total Actual Provision $ - $ - As of March 31, 2020, the Company has provided tax losses of $682,491 (December 31, 2019: $673,918). Deferred tax asset is not provided for as the tax losses may not be able to carry forward after a change in substantial ownership of the Company in February 2015.

COMMON STOCK

COMMON STOCK	3 Months Ended
	Mar. 31, 2020
COMMON STOCK
NOTE 5 - COMMON STOCK	As of March 31, 2020 and December 31, 2019, the Company authorized two classes of stock; 500,000,000 shares of common stock at par value of $0.001 and 175,000,000 Class A preferred stock at par value of $0.001. There are 310,868,500 common shares issued and outstanding as of March 31, 2020 and December 2019. None of the Class A preferred stock is issued. During October 2015, the Company issued 300,500,000 share of common stock for a consideration of $300,500 in cash.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2020
RELATED PARTY TRANSACTIONS
NOTE 6 - RELATED PARTY TRANSACTIONS	The Company currently utilizes office space on a rent-free basis from a director and shareholder, and shall do so until substantial revenue-producing operations commence. Management deemed the rent-free space to be of no nominal value. As of March 31, 2020 and December 31, 2019, total notes payable to the related parties and accrued interests amounted to $0 and $0 in the aggregate. As of March 31, 2020 and December 31, 2019, there were no outstanding balance due from or due to the shareholders.

NOTE PAYABLE

NOTE PAYABLE	3 Months Ended
	Mar. 31, 2020
NOTE PAYABLE
NOTE 7 - NOTE PAYABLE	As of March 31, 2020 and December 31, 2019, there were no notes payable and no interests incurred or accrued related to notes payable.

RELEASE OF LIABILITIES

RELEASE OF LIABILITIES	3 Months Ended
	Mar. 31, 2020
RELEASE OF LIABILITIES
NOTE 8 - RELEASE OF LIABILITIES	On February 12, 2015, Michael Vardakis (“Then Majority Shareholder”) entered into a Stock Purchase Agreement with Kin Hon Chu (“New Majority Shareholder”) wherein Mr. Vardakis sold 8,813,225 shares of the Company’s common stock, representing approximately 85% of all issued and outstanding shares to Mr. Chu. Mr. Chu paid $4,406.61 to Michael Vardakis for this control block of shares and also directly paid off all of the existing liabilities of the Company. Accordingly, certain liabilities of $236,959 were released by the creditors as a result of the change.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2020
SUBSEQUENT EVENTS
NOTE 9 - SUBSEQUENT EVENTS	The Company has evaluated the period after the balance sheet date up through the date that the financial statements were issued, and determined that there were no subsequent events or transactions that required recognition or disclosure in the financial statements.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2020
SIGNIFICANT ACCOUNTING POLICIES
Cash and Cash Equivalents	The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. The Company currently has cash held in a trust account held by the Company’s legal counsel.
Fair Value of Financial Instruments	Effective January 1, 2008, the Company adopted FASB ASC 820, Fair Value Measurements, which provides a framework for measuring fair value under GAAP. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standard also expands disclosures about instruments measured at fair value and establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 – Quoted prices for identical assets and liabilities in active markets; Level 2 – Quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and Level 3 – Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. The Company designates cash equivalents as Level 1. The total amount of the Company’s investment classified as Level 3 is de minimis. The fair value of the Company’s debt as of March 31, 2020 and December 31, 2019 approximated fair value at those times. Fair value of financial instruments: The carrying amounts of financial instruments, including cash, accounts payable, and accrued expenses approximated fair value as of March 31, 2020 and December 31, 2019 because of the relative short term nature of these instruments.
Revenue Recognition	The Company recognizes revenue, in accordance with ASC 605, Revenue Recognition, which codified the Securities and Exchange Commission Staff Accounting Bulletin (SAB) number 104, which states that revenue is generally recognized when it is realized and earned. Specifically, the Company recognizes revenue when services are performed and projects are completed and accepted by the customer.
Use of Estimates	The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates.
Income Taxes	The Company accounts for income taxes under an asset and liability approach. This process involves calculating the temporary and permanent differences between the carrying amounts of the assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The temporary differences result in deferred tax assets and liabilities, which would be recorded on the Company’s balance sheets in accordance with ASC 740, Income Taxes, which established financial accounting and reporting standards for the effect of income taxes. The Company must assess the likelihood that its deferred tax assets will be recovered from future taxable income and, to the extent the Company believes that recovery is not likely, the Company must establish a valuation allowance. Changes in the Company’s valuation allowance in a period are recorded through the income tax provision on the statements of operations. The Company records interest and penalties arising from the underpayment of income taxes in the statement of income under general and administrative expenses. As of March 31, 2020 and December 31, 2019, the Company had no accrued interest or penalties related to uncertain tax positions. The company also did not have any uncertain tax benefits during these years. The tax years 2019, 2018 and 2017 remain open to examination.
Earnings (Loss) per Share	The Company is required to provide basic and dilutive earnings (loss) per common share information. The basic net loss per common share is computed by dividing the net loss applicable to common stockholders by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss applicable to common stockholders, adjusted on an “as if converted” basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For the three months ended March 31, 2020 and 2019, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share.
Recent Accounting Pronouncements	ASU No. 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, provides financial statement preparers with an option to reclassify stranded tax effects within AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act (or portion thereof) is recorded. The ASU requires financial statement preparers to disclose: · A description of the accounting policy for releasing income tax effects from AOCI; · Whether they elect to reclassify the stranded income tax effects from the Tax Cuts and Jobs Act; and · Information about the other income tax effects that are reclassified. The amendments affect any organization that is required to apply the provisions of Topic 220, Income Statement—Reporting Comprehensive Income, and has items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by GAAP. The amendments are effective for all organizations for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. Organizations should apply the proposed amendments either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The FASB has issued Accounting Standards Update (ASU) No. 2018-05, Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118. ASU 2018-05 amends certain SEC material in Topic 740 for the income tax accounting implications of the recently issued Tax Cuts and Jobs Act (Act). ASU 2018-05 adds the following guidance, among other things, to the FASB Accounting Standards Codification™ regarding the Act: · Question 1: If the accounting for certain income tax effects of the Act is not completed by the time a company issues its financial statements that include the reporting period in which the Act was enacted, what amounts should a company include in its financial statements for those income tax effects for which the accounting under Topic 740 is incomplete? · Answer 1: In a company’s financial statements that include the reporting period in which the Act was enacted, a company must first reflect the income tax effects of the Act in which the accounting under Topic 740 is complete. These completed amounts would not be provisional amounts. The company would then also report provisional amounts for those specific income tax effects of the Act for which the accounting under Topic 740 will be incomplete but a reasonable estimate can be determined. For any specific income tax effects of the Act for which a reasonable estimate cannot be determined, the company would not report provisional amounts and would continue to apply Topic 740 based on the provisions of the tax laws that were in effect immediately prior to the Act being enacted. For those income tax effects for which a company was not able to determine a reasonable estimate (such that no related provisional amount was reported for the reporting period in which the Act was enacted), the company would report provisional amounts in the first reporting period in which a reasonable estimate can be determined. · Question 2: If an entity accounts for certain income tax effects of the Act under a measurement period approach, what disclosures should be provided? · Answer 2: The staff believes an entity should include financial statement disclosures to provide information about the material financial reporting impacts of the Act for which the accounting under Topic 740 is incomplete, including: a. Qualitative disclosures of the income tax effects of the Act for which the accounting is incomplete; b. Disclosures of items reported as provisional amounts; c. Disclosures of existing current or deferred tax amounts for which the income tax effects of the Act have not been completed; d. The reason why the initial accounting is incomplete; e. The additional information that is needed to be obtained, prepared, or analyzed in order to complete the accounting requirements under Topic 740; f. The nature and amount of any measurement period adjustments recognized during the reporting period; g. The effect of measurement period adjustments on the effective tax rate; and h. When the accounting for the income tax effects of the Act has been completed. ASU 2018-05 is effective upon inclusion in the FASB Codification. The FASB has issued Accounting Standards Update (ASU) No. 2018-17, Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities, that reduces the cost and complexity of financial reporting associated with consolidation of variable interest entities (VIEs). A VIE is an organization in which consolidation is not based on a majority of voting rights. The new guidance supersedes the private company alternative for common control leasing arrangements issued in 2014 and expands it to all qualifying common control arrangements. Under the new standard, a private company could make an accounting policy election to not apply VIE guidance to legal entities under common control (including common control leasing arrangements) when certain criteria are met. This accounting policy election must be applied by a private company to all current and future legal entities under common control that meet the criteria for applying the alternative. A private company will be required to continue to apply other consolidation guidance, specifically the voting interest entity guidance. Additionally, a private company electing the alternative is required to provide detailed disclosures about its involvement with, and exposure to, the legal entity under common control. The ASU also amends the guidance for determining whether a decision-making fee is a variable interest. The amendments require organizations to consider indirect interests held through related parties under common control on a proportional basis rather than as the equivalent of a direct interest in its entirety (as currently required in GAAP). Therefore, these amendments likely will result in more decision makers not consolidating VIEs. For organizations other than private companies, the amendments in this ASU are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The amendments in this ASU are effective for a private company for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. Early adoption is permitted.” We do not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the financial position, statements of operations and cash flows.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2020
INCOME TAXES
Schedule of Deferred Tax Assets	2019: Balance Rate Tax Federal loss carryforward $ 673,918 21 % $ 141,523 Valuation allowance (141,523 ) Deferred tax asset $ - 2020: Balance Rate Tax Federal loss carryforward $ 682,491 21 % $ 143,323 Valuation allowance (143,323 ) Deferred tax asset $ -
Schedule of expected and actual tax liability	2020 2019 Expected (Benefit) – Federal rate 21% $ (1,800 ) $ (10,043 ) Effect of: Valuation allowance 1,800 10,043 Total Actual Provision $ - $ -

ORGANIZATION, HISTORY AND BUS_2

ORGANIZATION, HISTORY AND BUSINESS ACTIVITY (Details narrative) - shares	3 Months Ended
	Mar. 31, 2020	Feb. 12, 2015
State of incorporation	State of Nevada
Date of incorporation	Jul. 1, 1999
Vardakis [Member]
Common stock shares sold		8,813,225
Percentage of common stock issued and outstanding shares		85.00%

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
GOING CONCERN
Accumulated deficit	$ (723,087)		$ (714,514)
Loss from Operations	$ (8,573)	$ (7,061)

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
INCOME TAXES
Federal loss carryforward	$ 682,491	$ 673,918
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%
Deferred Tax Assets, Tax Deferred Expense	$ 143,323	$ 141,523
Deferred Tax Assets, Valuation Allowance	143,323	141,523
Deferred Tax Assets, Net

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
INCOME TAXES
Expected (Benefit) - Federal rate 21%	$ (1,800)	$ (10,043)
Effect of: Valuation allowance	1,800	10,043
Total Actual Provision

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
INCOME TAXES
Operating loss carryforward	$ 682,491	$ 673,918

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($)	1 Months Ended
	Oct. 31, 2015	Mar. 31, 2020	Dec. 31, 2019
Common stock par value		$ 0.001	$ 0.001
Common stock authorized		500,000,000	500,000,000
Common stock issued		310,868,500	310,868,500
Common stock outstanding		310,868,500	310,868,500
Shares issued	300,500,000
Cash consideration	$ 300,500
Class A Preferred Stock [Member]
Preferred stock authorized		175,000,000	175,000,000
Preferred stock par value		$ 0.001	$ 0.001
Preferred stock issued		0	0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
RELATED PARTY TRANSACTIONS
Notes payable - Related parties
Accrued interest - Related parties	0	0
Amount due to shareholder

RELEASE OF LIABILITIES (Details

RELEASE OF LIABILITIES (Details Narrative) - Vardakis [Member]	Feb. 12, 2015USD ($)shares
Common stock shares sold | shares	8,813,225
Percentage of common stock issued and outstanding shares	85.00%
Payment of shares	$ 4,407
Aggregate liabilities	$ 236,959