Yong Bai Chao New Retail (YBCN) 10-Q 19 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Aug. 14, 2022
Cover [Abstract]
Entity Registrant Name	Yong Bai Chao New Retail Corporation
Entity Central Index Key	0001284454
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	Jun. 30, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Entity Common Stock Shares Outstanding		189,119,068
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	333-206764
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	20-3626387
Entity Address Address Line 1	No. 3205-3209, South Building, No. 3
Entity Address Address Line 2	Intelligence Industrial Park
Entity Address Address Line 3	No.39 Hulan West Road, Baoshan District
Entity Address City Or Town	Shanghai
Entity Address Country	CN
City Area Code	+86
Local Phone Number	135-8568-1065
Entity Interactive Data Current	Yes

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash	$ 0	$ 0
Due from related party	9,440	0
TOTAL CURRENT ASSETS	9,440	0
TOTAL ASSETS	9,440	0
CURRENT LIABILITIES:
Accounts payable and accrued liabilities	3,877	2,431
Accounts payable and accrued liabilities - related parties	264,841	252,341
Due to related party	0	13,716
Convertible debentures - related parties	250,000	250,000
TOTAL CURRENT LIABILITIES	518,718	518,488
TOTAL LIABILITIES	518,718	518,488
STOCKHOLDERS' DEFICIT:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock ($0.001 par value; 190,000,000 shares authorized; 189,494,068 shares issued and 189,119,068 shares outstanding at June 30, 2022;) 135,944,068 shares issued and 135,569,068 shares outstanding at December 31, 2021)	195,495	141,945
Common stock to be issued	2,282	2,282
Less: common stock held in treasury, at cost; 375,000 shares	0	375
Additional paid-in capital	2,854,763	2,854,388
Accumulated deficit	(3,561,818)	(3,517,478)
TOTAL STOCKHOLDERS' DEFICIT	(509,278)	(518,488)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 9,440	$ 0

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
CONDENSED BALANCE SHEETS
Common Stock, Shares Par Value	$ 0.001	$ 0.001
Common Stock Shares Authorized	190,000,000	190,000,000
Common Stock Shares Issued	189,494,068	135,944,068
Common Stock Shares Outstanding	189,119,068	135,569,068
Preferred Stock, Shares Par Value	$ 0.001	$ 0.001
Preferred Stock Shares Authorized	10,000,000	10,000,000
Preferred Stock Shares Issued	0	0
Preferred Stock Shares Outstanding	0	0
Common stock held in treasury, at cost	375,000	375,000

UNAUDITED CONDENSED STATEMENTS

UNAUDITED CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
UNAUDITED CONDENSED STATEMENTS OF OPERATIONS
Revenue	$ 0	$ 0	$ 0	$ 0
Operating Expenses:
Professional fees	11,635	3,850	31,840	9,850
Stock issued for services	0	753,000	0	753,000
Total Operating Expenses	11,635	756,850	31,840	762,850
Loss from Operations	(11,635)	(756,850)	(31,840)	(762,850)
Other (Expense) Income:
Gain on extinguishment of debt	0	0	0	54,368
Interest expense	(6,250)	(6,250)	(12,500)	(13,752)
Total Other (Expense) Income	(6,250)	(6,250)	(12,500)	40,616
Loss Before Income Taxes	(17,885)	(763,100)	(44,340)	(722,234)
Income Taxes	0	0	0	0
Net Loss	$ (17,885)	$ (763,100)	$ (44,340)	$ (722,234)
Net loss per common share:
Basic and diluted	$ 0	$ (0.01)	$ 0	$ (0.01)
Weighted average number of common shares outstanding:
Basic and diluted1	170,288,299	135,569,068	153,024,593	120,651,941

UNAUDITED CONDENSED STATEMENT_2

UNAUDITED CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($)	Total	Common Stock	Treasury Stock	Common Stock To Be Issued	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)
Balance, shares at Dec. 31, 2020		105,569,068
Balance, amount at Dec. 31, 2020	$ (580,457)	$ 111,945		$ 2,282	$ 2,071,913	$ (2,766,597)
Write-off of old debts	50,000	0		0	50,000	0
Net loss	40,866	$ 0		0	0	40,866
Balance, shares at Mar. 31, 2021		105,569,068
Balance, amount at Mar. 31, 2021	(489,591)	$ 111,945		2,282	2,121,913	(2,725,731)
Balance, shares at Dec. 31, 2020		105,569,068
Balance, amount at Dec. 31, 2020	(580,457)	$ 111,945		2,282	2,071,913	(2,766,597)
Net loss	(722,234)
Balance, shares at Jun. 30, 2021		135,569,068
Balance, amount at Jun. 30, 2021	(489,841)	$ 141,945		2,282	2,854,763	(3,488,831)
Balance, shares at Mar. 31, 2021		105,569,068
Balance, amount at Mar. 31, 2021	(489,591)	$ 111,945		2,282	2,121,913	(2,725,731)
Stock issued for services, shares		30,000,000
Stock issued for services, amount	753,000	$ 30,000		0	723,000	0
Capital contributions	9,850	0		0	9,850	0
Net loss	(763,100)	$ 0		0	0	(763,100)
Balance, shares at Jun. 30, 2021		135,569,068
Balance, amount at Jun. 30, 2021	(489,841)	$ 141,945		2,282	2,854,763	(3,488,831)
Balance, shares at Dec. 31, 2021		135,944,068	375,000
Balance, amount at Dec. 31, 2021	(518,488)	$ 141,945	$ 375	2,282	2,854,388	(3,517,478)
Correction of an error	0	0	(375)	0	375	0
Net loss	(26,455)	$ 0	$ 0	0	0	(26,455)
Balance, shares at Mar. 31, 2022		135,944,068	375,000
Balance, amount at Mar. 31, 2022	(544,943)	$ 141,945	$ 0	2,282	2,854,763	(3,543,933)
Balance, shares at Dec. 31, 2021		135,944,068	375,000
Balance, amount at Dec. 31, 2021	(518,488)	$ 141,945	$ 375	2,282	2,854,388	(3,517,478)
Net loss	(44,340)
Balance, shares at Jun. 30, 2022		189,494,068	375,000
Balance, amount at Jun. 30, 2022	(509,278)	$ 195,495	$ 0	2,282	2,854,763	(3,561,818)
Balance, shares at Mar. 31, 2022		135,944,068	375,000
Balance, amount at Mar. 31, 2022	(544,943)	$ 141,945	$ 0	2,282	2,854,763	(3,543,933)
Net loss	(17,885)	$ 0	0	0	0	(17,885)
Common stock sold for cash, shares		53,550,000
Common stock sold for cash, amount	53,550	$ 53,550	$ 0	0	0	0
Balance, shares at Jun. 30, 2022		189,494,068	375,000
Balance, amount at Jun. 30, 2022	$ (509,278)	$ 195,495	$ 0	$ 2,282	$ 2,854,763	$ (3,561,818)

UNAUDITED CONDENSED STATEMENT_3

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (44,340)	$ (722,234)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock issued for services	0	753,000
Write-off of accrued interest on extinguished debt	0	(54,368)
Changes in operating assets and liabilities:
Due from related party	(9,440)
Accounts payable and accrued liabilities	1,446	0
Accounts payable and accrued liabilities - related parties	12,500	13,752
Due to related party	(13,716)	0
NET CASH USED IN OPERATING ACTIVITIES	(53,550)	(9,850)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common stock	53,550	0
Capital contributions to pay for expenses	0	9,850
NET CASH PROVIDED BY FINANCING ACTIVITIES	53,550	9,850
NET INCREASE IN CASH	0	0
Cash, beginning of period	0	0
Cash, end of period	0	0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest	0	0
Cash paid for income tax	$ 0	$ 0

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2022
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Organization And Summary Of Significant Accounting Policies	NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization and Description of Business Yong Bai Chao New Retail Corporation (“we”, “us”, or the “Company”) (formerly knowns as Boss Minerals, Inc. and Environmental Control Corp., respectively) was organized under the laws of the State of Nevada on February 17, 2004. The Company’s fiscal year end is December 31 st Currently, the Company only possesses minimal assets and liabilities with no substantial business operations. There were no revenue or positive cash flows from operating activities for the six months ended June 30, 2022. The Company’s management efforts are focused on seeking out a new and profitable operating business with strong growth potential. Unless and until the Company’s successful acquisition of an operating business, we expect our expenses to mainly consist of accounting fees and filing fees etc. related to maintaining a public company. On September 14, 2021, the Company entered into an Acquisition Agreement (the “Acquisition Agreement”) with Yong Bai Chao New Retail (Shenzhen) Co. Ltd. (“YBC”). Pursuant to the terms of the Acquisition Agreement, the Company agreed to acquire all of the issued and outstanding securities of YBC in exchange for 50,000,000 shares of its common stock. The closing of this transaction is subject to certain terms and conditions described in the Acquisition Agreement. Basis of Presentation These interim financial statements of the Company are unaudited. In the opinion of management, all adjustments (consisting of normal recurring accruals) and disclosures necessary for a fair presentation of these interim condensed financial statements have been included. The results reported in the condensed financial statements for any interim periods are not necessarily indicative of the results that may be reported for the entire year. The accompanying condensed financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission and do not include all information and footnotes necessary for a complete presentation of financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”). Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. These condensed financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 filed with the Securities and Exchange Commission on March 31, 2022. Cash and Cash Equivalents The Company considers all highly liquid short-term investments with a maturity of three months or less at time of purchase to be cash equivalents. There were no cash equivalents as of June 30, 2022 and December 31, 2021. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. Income Taxes Income taxes are provided in accordance with ASC 740 Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. 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 be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Per Share Data ASC Topic 260 “Earnings per Share,” requires presentation of both basic and diluted earnings per share (“EPS”) with a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. Basic EPS excludes dilution. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. Basic net loss per share is computed by dividing net loss available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. Fair Value of Financial Instruments and Fair Value Measurements The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying unaudited condensed interim financial statements, primarily due to their short-term nature. Concentration of Credit Risk There are no financial instruments that potentially subject the Company to concentration of credit risk. The Company has not experienced losses and management believes the Company is not exposed to significant credit risks. Going Concern Risk As reflected in the accompanying unaudited condensed financial statements, the Company had working capital deficit of $509,278 at June 30, 2022 and has incurred recurring net loss of $44,340 for the six months ended June 30, 2022. The Company has no current operating activities. These factors raise substantial doubt about the Company’s ability to continue as a going concern for at least next twelve months from the date the Company’s interim financial statements are released. Management intends to fund the ongoing operations of the Company while seeking potential business acquisition opportunities.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2022
RELATED PARTY TRANSACTIONS
Related Party Transactions	NOTE 2 – RELATED PARTY TRANSACTIONS Convertible Debentures Issued to Related Parties and Accrued Interest On July 15, 2010, the Company entered into a convertible debenture agreement with a company controlled by the former President of the Company. The Company received $50,000 which is due five years from the advancement date. The loan is interest free for the first year, after which it bears interest at a rate of 10% per annum. The accrued interest is payable annually on the anniversaries of the advancement date, commencing on the second anniversary. Any portion of the loan and unpaid interest are convertible at any time at the option of the lender into shares of common stock of the Company at a conversion price of $0.35 per share. The Company recognized the intrinsic value of the embedded beneficial conversion feature of $7,143 as additional paid-in capital and reduced the carrying value of the convertible debenture to $42,857. The carrying value had been accreted over the term of the convertible debenture up to its face value of $50,000. The Company can repay any portion of the loan and accrued interest at any time without penalty. On November 30, 2010, the Company entered into a convertible debenture agreement with a company controlled by the former President of the Company. The Company received $50,000 which is due five years from the advancement date. The loan is interest free for the first year, after which it bears interest at a rate of 10% per annum. The accrued interest is payable annually on the anniversaries of the advancement date, commencing on the second anniversary. Any portion of the loan and unpaid interest are convertible at any time at the option of the lender into shares of common stock of the Company at a conversion price of $0.35 per share. The Company recognized the intrinsic value of the embedded beneficial conversion feature of $21,429 as additional paid-in capital and reduced the carrying value of the convertible debenture to $28,571. The carrying value has been accreted over the term of the convertible debenture up to its face value of $50,000. The Company can repay any portion of the loan and accrued interest at any time without penalty On April 21, 2011, the Company entered into a convertible debenture agreement with a company controlled by the former President of the Company. The Company received $50,000 which is due five years from the advancement date. The loan is interest free for the first year, after which it bears interest at a rate of 10% per annum. The accrued interest is payable annually on the anniversaries of the advancement date, commencing on the second anniversary. The loan is secured by a patent held by the Company. Any portion of the loan and unpaid interest are convertible at any time at the option of the lender into shares of common stock of the Company at a conversion price of $0.035 per share. The Company recognized the intrinsic value of the embedded beneficial conversion feature of $28,571 as additional paid-in capital and reduced the carrying value of the convertible debenture to $21,429. The carrying value has been accreted over the term of the convertible debenture up to its face value of $50,000. The Company can repay any portion of the loan and accrued interest at any time without penalty. On August 29, 2011, the Company entered into a convertible debenture agreement with a company controlled by a former Vice President of the Company. The Company received $100,000 which is due five years from the advancement date. The loan is interest free for the first year, after which it bears interest at a rate of 10% per annum. The accrued interest is payable annually on the anniversaries of the advancement date, commencing on the second anniversary. Any portion of the loan and unpaid interest are convertible at any time at the option of the lender into shares of common stock of the Company at a conversion price of $0.025 per share. The Company can repay any portion of the loan and accrued interest at any time without penalty. As of June 30, 2022 and December 31, 2021, the related accrued and unpaid interest for these related party loans was $264,841 and $252,341, respectively, and has been included in accounts payable and accrued liabilities – related parties on the accompanying condensed balance sheets. Due from/(to) Related Party The Company’s CEO, Fei Wang, paid certain expenses on behalf of the Company. During the second quarter of 2022, the Company sold 53,550,000 shares of common stock for $53,550. As the Company does not have a bank account, the fund was deposited directly to Mr. Wang’s personal bank account and was accounted for as a decrease in due to related party. As of June 30, 2022 and December 31, 2021, the Company had a receivable (payable) amount to this related party of $9,440 and $(13,716), respectively.

STOCKHOLDERS DEFICIT

STOCKHOLDERS DEFICIT	6 Months Ended
	Jun. 30, 2022
STOCKHOLDERS DEFICIT
STOCKHOLDERS' DEFICIT	NOTE 3 – STOCKHOLDERS’ DEFICIT Common Stock Sold for Cash In the second quarter of 2022, the Company sold 53,550,000 shares of common stock at a purchase price of $0.001 per share to investors pursuant to stock purchase agreements. The Company did not engage any placement agent with respect to the sales. The Company received proceeds of $53,550.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2022
Recent Accounting Pronouncements	NOTE 4 – RECENT ACCOUNTING PRONOUNCEMENTS Management does not believe there would have been a material effect on the accompanying unaudited condensed financial statements had any recently issued, but not yet effective, accounting standards been adopted in the current period.

COMMITMENTS AND CONTINCENGIES

COMMITMENTS AND CONTINCENGIES	6 Months Ended
	Jun. 30, 2022
COMMITMENT AND CONTINGENCIES
Commitments And Contincengies	NOTE 5 – COMMITMENTS AND CONTINCENGIES On July 1, 2009, the Company entered into an investor relations agreement. Pursuant to such agreement, the Company agreed to pay a fee of $1,000 per month for a period of six months beginning on August 1, 2009 and ending January 1, 2010. The Company should have issued 75,000 shares within 7 days of signing the agreement. Any payments over 45 days would be subject to a penalty fee of 10% per week. On February 8, 2010, the Company issued 75,000 shares of common stock, which was included in common stock to be issued at December 31, 2009 at a value of $2,282. On January 1, 2010, the agreement was extended for twelve months, and the Company should issue additional 75,000 shares. On January 1, 2011, the agreement with the investor relation firm was extended for twelve months for no additional consideration and can be cancelled by either party by giving one month written notice. As of June 30, 2022 and December 31, 2021, the additional shares have not been issued and have been included in common stock to be issued at a value of $2,282.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2022
SUBSEQUENT EVENTS
Subsequent Events	NOTE 6 – SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2022
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Organization And Description Of Business	Yong Bai Chao New Retail Corporation (“we”, “us”, or the “Company”) (formerly knowns as Boss Minerals, Inc. and Environmental Control Corp., respectively) was organized under the laws of the State of Nevada on February 17, 2004. The Company’s fiscal year end is December 31 st Currently, the Company only possesses minimal assets and liabilities with no substantial business operations. There were no revenue or positive cash flows from operating activities for the six months ended June 30, 2022. The Company’s management efforts are focused on seeking out a new and profitable operating business with strong growth potential. Unless and until the Company’s successful acquisition of an operating business, we expect our expenses to mainly consist of accounting fees and filing fees etc. related to maintaining a public company. On September 14, 2021, the Company entered into an Acquisition Agreement (the “Acquisition Agreement”) with Yong Bai Chao New Retail (Shenzhen) Co. Ltd. (“YBC”). Pursuant to the terms of the Acquisition Agreement, the Company agreed to acquire all of the issued and outstanding securities of YBC in exchange for 50,000,000 shares of its common stock. The closing of this transaction is subject to certain terms and conditions described in the Acquisition Agreement.
Basis Of Presentation	These interim financial statements of the Company are unaudited. In the opinion of management, all adjustments (consisting of normal recurring accruals) and disclosures necessary for a fair presentation of these interim condensed financial statements have been included. The results reported in the condensed financial statements for any interim periods are not necessarily indicative of the results that may be reported for the entire year. The accompanying condensed financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission and do not include all information and footnotes necessary for a complete presentation of financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”). Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. These condensed financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 filed with the Securities and Exchange Commission on March 31, 2022.
Cash And Cash Equivalents	The Company considers all highly liquid short-term investments with a maturity of three months or less at time of purchase to be cash equivalents. There were no cash equivalents as of June 30, 2022 and December 31, 2021.
Use Of Estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.
Income Taxes	Income taxes are provided in accordance with ASC 740 Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. 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 be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
Per Share Data	ASC Topic 260 “Earnings per Share,” requires presentation of both basic and diluted earnings per share (“EPS”) with a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. Basic EPS excludes dilution. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. Basic net loss per share is computed by dividing net loss available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period.
Fair Value Of Financial Instruments	The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying unaudited condensed interim financial statements, primarily due to their short-term nature.
Concentration Of Credit Risk	There are no financial instruments that potentially subject the Company to concentration of credit risk. The Company has not experienced losses and management believes the Company is not exposed to significant credit risks.
Going Concern Risk	As reflected in the accompanying unaudited condensed financial statements, the Company had working capital deficit of $509,278 at June 30, 2022 and has incurred recurring net loss of $44,340 for the six months ended June 30, 2022. The Company has no current operating activities. These factors raise substantial doubt about the Company’s ability to continue as a going concern for at least next twelve months from the date the Company’s interim financial statements are released. Management intends to fund the ongoing operations of the Company while seeking potential business acquisition opportunities.

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)
Working Capital Deficit	$ (509,278)		$ (509,278)
Net loss	$ (17,885)	$ (763,100)	$ (44,340)	$ (722,234)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Receivable	$ 9,440	$ (13,716)
Intrinsic value of debenture	7,143
Reduction in carrying value of convertible debenture	$ 42,857
CEO Fei Wang [Member]
Issue of common stock	53,550,000
Sale of common stock amount	$ 53,550
April 21, 2011 [Member]
Conversion Price Per Share	$ 0.035
Beneficial Conversion Feature Additional Paid In Capital	$ 28,571
Carrying Value Of Convertible Debenture	21,429
Convertible Debenture Face Value	$ 50,000
Convertible Debentures Descriptions	The Company received $50,000 which is due five years from the advancement date. The loan is interest free for the first year, after which it bears interest at a rate of 10% per annum
August 29, 2011 [Member]
Conversion Price Per Share	$ 0.025
Convertible Debentures Descriptions	The Company received $100,000 which is due five years from the advancement date. The loan is interest free for the first year, after which it bears interest at a rate of 10% per annum.
Related Party Loans	$ 264,841	$ 252,341
November 30, 2010 [Member]
Convertible Debentures Descriptions	The Company received $50,000 which is due five years from the advancement date. The loan is interest free for the first year, after which it bears interest at a rate of 10% per annum
Convertible debenture	$ 50,000
Conversion Price Per Share	$ 0.35
Beneficial Conversion Feature Additional Paid In Capital	$ 21,429
Carrying Value Of Convertible Debenture	28,571
Convertible Debenture Face Value	$ 50,000
Julyl 15, 2010 [Member]
Convertible Debentures Descriptions	The Company received $50,000 which is due five years from the advancement date. The loan is interest free for the first year, after which it bears interest at a rate of 10% per annum

STOCKHOLDERS DEFICIT (Details N

STOCKHOLDERS DEFICIT (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
STOCKHOLDERS DEFICIT
Issue of common stock Share	53,550,000
Stock purchase price	$ 0.001
Amount Received from shares	$ 53,550	$ 0

COMMITMENTS AND CONTINCENGIES (

COMMITMENTS AND CONTINCENGIES (Details Narrative) - USD ($)		1 Months Ended
	Feb. 08, 2010	Jul. 01, 2009	Jun. 30, 2022	Dec. 31, 2021	Jan. 01, 2010	Dec. 31, 2009
COMMITMENTS AND CONTINCENGIES (Details Narrative)
Common Stock To Be Issued			$ 2,282	$ 2,282		$ 2,282
Investor Relations Agreement Description		Pursuant to such agreement, the Company agreed to pay a fee of $1,000 per month for a period of six months beginning on August 1, 2009 and ending January 1, 2010. The Company should have issued 75,000 shares within 7 days of signing the agreement. Any payments over 45 days would be subject to a penalty fee of 10% per week.
Common Stock Shares Issued During The Period, Shares	75,000
Additional Shares Issued					75,000
Consulting Fee Per Month		$ 1,000
Shares Issued For Services, Shares		75,000
Penalty Fees Per Week		10%

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)	Sep. 14, 2021 shares
Acquisition Agreement [Member]
Comon Stock Shares Sold	50,000,000