Yong Bai Chao New Retail (YBCN) 10-K 21 Apr 23 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2022	Mar. 22, 2023	Jun. 30, 2022
Cover [Abstract]
Entity Registrant Name	YONG BAI CHAO NEW RETAIL CORPORATION
Entity Central Index Key	0001284454
Document Type	10-K
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	true
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Entity Common Stock Shares Outstanding		189,120,068
Entity Public Float			$ 0
Document Annual Report	true
Document Transition Report	false
Entity File Number	000-56129
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	20-3626387
Entity Address Address Line 1	3209, South Building
Entity Address Address Line 2	Building 3, No. 39 Hulan
Entity Address Address Line 3	West Road, Boashan District
Entity Address City Or Town	Shanghai
Entity Address Country	CN
City Area Code	186
Auditor Name	KCCW Accountancy Corp
Auditor Location	Diamond Bar, California
Local Phone Number	21601569
Entity Interactive Data Current	Yes
Auditor Firm Id	2851

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Dec. 31, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash	$ 0	$ 0
TOTAL CURRENT ASSETS	0	0
TOTAL ASSETS	0	0
CURRENT LIABILITIES:
Accounts payable and accrued liabilities	1,968	2,431
Accounts payable and accrued liabilities - related parties	0	252,341
Due to related party	42,674	13,716
Convertible debentures - related parties	0	250,000
TOTAL CURRENT LIABILITIES	44,642	518,488
STOCKHOLDERS' DEFICIT:
Preferred stock ($0.001 par value; 10,000,000 shares authorized; 0 share issued and outstanding at December 31, 2022 and December 31, 2021)	0	0
Common stock ($0.001 par value; 190,000,000 shares authorized; 189,495,068 shares issued and 189,120,068 shares outstanding at December 31, 2022 ; 135,944,068 shares issued and 135,569,068 shares outstanding at December 31, 2021)	195,496	141,945
Common stock to be issued	2,282	2,282
Treasury Stock	0	375
Additional paid-in capital	3,371,271	2,854,388
Accumulated deficit	(3,613,691)	(3,517,478)
TOTAL STOCKHOLDERS' DEFICIT	(44,642)	(518,488)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 0	$ 0

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
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	189,495,068	135,944,068
Common stock shares outstanding	189,120,068	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

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
STATEMENTS OF OPERATIONS
Revenue	$ 0	$ 0
Operating Expenses:
Consulting fees	0	753,000
Professional fees	82,046	24,931
Other general and administrative	0	1,066
Total Operating Expenses	82,046	778,997
Loss from Operations	(82,046)	(778,997)
Other Income (Expense):
Gain on extinguishment of debt and related interest	0	54,368
Interest expense	(14,167)	(26,252)
Total Other Income (Expense)	(14,167)	28,116
Loss Before Income Taxes	(96,213)	(750,881)
Income Taxes	0	0
Net Loss	$ (96,213)	$ (750,881)
Net income (loss) per common share:
Basic	$ 0	$ (0.01)
Diluted	$ 0	$ (0.01)
Weighted average number of common shares outstanding:
Basic	171,220,569	128,171,808
Diluted	171,220,569	128,171,808

STATEMENTS OF CHANGES IN STOCKH

STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($)	Total	Preferred Stock	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)	$ 0	$ 111,945	$ 0	$ 2,282	$ 2,071,913	$ (2,766,597)
Common stock issued for services, shares			30,000,000
Common stock issued for services, amount	753,000	0	$ 30,000	$ 0	0	723,000	0
Treasury Stock, shares				375,000
Treasury Stock, amount	0	0	0	$ 375	0	(375)	0
Conversion of related party payable to equity	9,850	0	0	0	0	9,850	0
Write off debts	50,000	0	0	0	0	50,000	0
Net loss	(750,881)	0	$ 0	$ 0	0	0	(750,881)
Balance, shares at Dec. 31, 2021			135,569,068	375,000
Balance, amount at Dec. 31, 2021	(518,488)	0	$ 141,945	$ 375	2,282	2,854,388	(3,517,478)
Conversion of related party payable to equity	516,508
Net loss	(96,213)	0	0	0	0	0	(96,213)
Correction of an error	0	0	0	(375)	0	375	0
Conversion of related party loans and related accrued interest to equity	516,508	0	$ 0	0	0	516,508	0
Common stock sold for cash, shares			53,551,000
Common stock sold for cash, amount	53,551	0	$ 53,551	$ 0	0	0	0
Balance, shares at Dec. 31, 2022			189,120,068	375,000
Balance, amount at Dec. 31, 2022	$ (44,642)	$ 0	$ 195,496		$ 2,282	$ 3,371,271	$ (3,613,691)

STATEMENT OF CASH FLOWS

STATEMENT OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (96,213)	$ (750,881)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based service fees	0	753,000
Write off of accrued interest on extinguished debt	0	(54,368)
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	(463)	(50,687)
Accounts payable and accrued liabilities - related parties	14,167	79,370
Due to related party	28,958	23,566
NET CASH USED IN OPERATING ACTIVITIES	(53,551)	0
CASH FLOWS FROM FINANCING ACTIVITIES
Contributions of capital	53,551	0
NET CASH PROVIDED BY FINANCING ACTIVITES	53,551	0
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
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Conversion of related party payable to equity	$ 516,508	$ 9,850

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 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 known 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 liabilities with no substantial business operations. There were no revenue or positive cash flows from operating activities for the year ended December 31, 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 legal service fee, accounting fee, and filing fee 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 The financial statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States. 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 December 31, 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 Accounting Standards Codification (“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. Stock-based Compensation The Company accounts for its stock-based compensation awards in accordance with ASC Topic 718, Compensation—Stock Compensation (“ASC 718”). ASC 718 requires all stock-based payments to employees and non-employees to be recognized as expense in the statements of operations based on their grant date fair values. The Company issued common stock to consultants for services in April 2021. Costs of these transactions are measured at the fair value of the service received or the fair value of the equity instrument issued, whichever is more reliably measurable. The value of the common stock is measured at the earlier of (i) the date at which a firm commitment for performance by the counterparty to earn the equity instrument is reached or (ii) the date at which the counterparty’s performance is complete. 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 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 financial statements, the Company had working capital deficit of $44,642 at December 31, 2022 and has incurred recurring net loss of $96,213 for the year ended December 31, 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 financial statements are available to be issued. Management intends to fund the ongoing operations of the Company while seeking potential business acquisition opportunities. Recent Accounting Pronouncements Accounting standards that have been issued or proposed by Financial Accounting Standards Board (“FASB”) that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 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. For the years ended December 31, 2022 and 2021, the interest expense related to above borrowings amounted to $14,167 and $26,252, respectively, and has been reflected as interest expense on the accompanying statements of operations. Write-off of Convertible Debentures Issued to Related Parties and Related Accrued Interest The Company received two legal opinion letters from its counsel in the third quarter of 2022, stating that subject to the assumptions, qualifications and exceptions set forth therein, as of August 11, 2022 and September 2, 2022, the collection of convertible loans with principal of $150,000 and $100,000, respectively, including related accrued and unpaid interest, is time-barred under Nevada law NRS 11.010(2) due to the debenture holders’ failure to demand repayments of these convertible loans in a timely manner. Therefore, in the third quarter of 2022, the Company determined to write off the related party loans and related accrued and unpaid interest totaling $516,508. The write-off was treated as a capital transaction and the amount was recorded in additional paid-in capital. Due to Related Party The Company’s CEO, Fei Wang, paid certain expenses on behalf of the Company. During the year ended December 31, 2022, the Company sold 53,551,000 shares of common stock for $53,551. 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 December 31, 2022, the Company had a payable amount to him of $42,674. During the first half of 2021, the Company’s former CEO, Lili Xin, paid certain expenses on behalf of the Company. As of June 30, 2021, the Company had a payable to Ms. Xin of $9,850. The amount of $9,850 was converted into equity on June 30, 2021. This conversion was treated as a capital transaction and the amount was recorded in additional paid-in capital. Commencing on August 10, 2021, the Company’s CEO, Fei Wang, paid certain expenses on behalf of the Company. As of December 31, 2021, the Company had a payable amount to him of $13,716.

CONVERTIBLE DEBENTURE

CONVERTIBLE DEBENTURE	12 Months Ended
	Dec. 31, 2022
CONVERTIBLE DEBENTURE
CONVERTIBLE DEBENTURE	NOTE 3 - CONVERTIBLE DEBENTURE On May 18, 2010, the Company entered into a convertible loan agreement. The Company received $50,000 which bore interest at 10% per annum and was due five years from the advancement date. Interest was accrued from the advancement date and was payable on the fifth anniversary of the advancement date. Any portion of the loan and unpaid interest were 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 $21,429 as additional paid-in capital and reduced the carrying value of the convertible debenture to $28,571. The carrying value had been accreted over the term of the convertible debenture up to its face value of $50,000. This loan and related accrued interest were written off on March 31, 2021 (see Note 4 below).

WRITE-OFF OF PAYABLES RELATED P

WRITE-OFF OF PAYABLES RELATED PARTY TRANSACTIONS AND ACCRUED INTEREST OCCURING PRIOR TO THE COMPANY ABANDONMENT	12 Months Ended
	Dec. 31, 2022
WRITE-OFF OF PAYABLES RELATED PARTY TRANSACTIONS AND ACCRUED INTEREST OCCURING PRIOR TO THE COMPANY ABANDONMENT
WRITE-OFF OF PAYABLES, RELATED PARTY TRANSACTIONS AND ACCRUED INTEREST OCCURING PRIOR TO THE COMPANY ABANDONMENT	NOTE 4 - WRITE-OFF OF PAYABLES, RELATED PARTY TRANSACTIONS AND ACCRUED INTEREST OCCURING PRIOR TO THE COMPANY ABANDONMENT All of the Liabilities existed as of the June 2012 10-Q. With respect to Liabilities that represent amounts owed pursuant to written instruments, as stated in the notes to the financial statements included in the June 2012 10-Q, each of such Liabilities were required to be paid five years from the date on which the debt was created. The last such Liability evidenced by a written instrument was created on December 31, 2009 and said debt matured, by the terms of the written instrument, on December 31, 2014. Pursuant to NRS 11.010(2), which provides that an action for collection “upon a contract, obligation or liability founded upon an instrument in writing, except those mentioned in the preceding sections of this chapter” must be commenced within six years of the date of the written instrument. None of the Liabilities evidenced by a written instrument is subject to any of the exceptions described in Chapter 11 of the Nevada Revised Statutes. The accounts payable and accrued liabilities comprising the Liabilities do not have a maturity date and are subject to NRS 11.010(1) which provides that an action for collection “upon a contract, obligation or liability not founded upon an instrument in writing” must be commenced within four years of the date on which the debt was incurred. Given the foregoing, the following existing liabilities would be time barred by the statute of limitations: Nature of Liability Amount Date Created Written Instrument Maturity Date Date on which Statute of Limitations Expired Convertible Debt – Principal and Accrued Interest $ 81,575 7/30/08 Yes 7/30/08 7/30/19 Convertible Debt – Principal and Accrued Interest 111,061 10/16/08 Yes 10/16/08 10/16/19 Convertible Debt – Principal and Accrued Interest 420,275 4/9/09 Yes 4/9/09 4/9/20 Related Party Loan 25,000 12/9/08 No 12/9/08 12/9/12 Related Party Loan 25,000 9/5/08 Yes 9/5/08 9/5/19 Convertible Debt – Principal and Accrued Interest 104,911 12/31/09 Yes 12/31/09 12/31/20 Payment of Expenses 1,501 12/9/08 Yes 12/9/08 12/9/19 Accounts payable 53,804 Prior to 6/30/12 No None 6/30/16 Accrued liabilities 1,625 Prior to 6/30/12 No None 6/30/16 Total $ 824,752 Therefore, the Company made the decision to write-off the Related Party Loans, Accrued Interest and Other Payables totaling $824,752. As of December 31, 2020, the Principal amount of the Debts totaling $446,225 were written off against Additional Paid in Capital —per ASC Section 470-50-40. ASC Section 470-50-40 (Debt Modification and Extinguishments), considers Related Party Transactions to be capital transactions and the extinguishment of the debt is in effect a capital transaction and it is not a gain or loss recognition event and should be excluded from the determination of net income. The related Accrued Interest totaling $378,527 resulted in a Gain on Extinguishment of Debt which has been reported on the Statement of Operations for the year ended December 31, 2020. In addition to the above, the following existing liabilities are now also considered time barred by the statute of limitations: Nature of Liability Amount Date Created Written Instrument Maturity Date Date on which Statute of Limitations Expired Convertible Debt – Principal and Accrued Interest $ 104,368 5/18/2010 Yes 5/18/2010 5/18/2021 Therefore, the Company made the decision to write-off the Related Party Loans, Accrued Interest and Other Payables totaling $104,368 on March 31, 2021. On March 31, 2021, the Principal amount of the Debts totaling $50,000 was written off against Additional Paid in Capital —per ASC Section 470-50-40. ASC Section 470-50-40 (Debt Modification and Extinguishments), considers Related Party Transactions to be capital transactions and the extinguishment of the debt is in effect a capital transaction and it is not a gain or loss recognition event and should be excluded from the determination of net income. The related Accrued Interest totaling $54,368 resulted in a Gain on Extinguishment of Debt which has been reported on the Statement of Operations.

STOCKHOLDERS DEFICIT

STOCKHOLDERS DEFICIT	12 Months Ended
	Dec. 31, 2022
STOCKHOLDERS DEFICIT
STOCKHOLDERS' DEFICIT	NOTE 5 – STOCKHOLDERS’ DEFICIT Common Shares Issued for Services During the year ended December 31, 2021, the Company issued a total of 30,000,000 shares of its common stock for services rendered. These shares were valued at $753,000, the fair market values on the grant dates using the reported closing share prices on the dates of grant, and the Company recorded stock-based consulting fees of $753,000 for the year ended December 31, 2021. Common Stock Sold for Cash During the year ended December 31, 2022, the Company sold 53,551,000 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 $53,551.

COMMITMENTS AND CONTINCENGIES

COMMITMENTS AND CONTINCENGIES	12 Months Ended
	Dec. 31, 2022
COMMITMENTS AND CONTINCENGIES
COMMITMENTS AND CONTINCENGIES	NOTE 6 – 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 December 31, 2022 and 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	12 Months Ended
	Dec. 31, 2022
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 7 – SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date which the financial statements were available to be issued. All subsequent events requiring recognition as of December 31, 2022 have been incorporated into these financial statements and there are no other subsequent events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events.”

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 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 known 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 liabilities with no substantial business operations. There were no revenue or positive cash flows from operating activities for the year ended December 31, 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 legal service fee, accounting fee, and filing fee 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	The financial statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States.
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 December 31, 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 Accounting Standards Codification (“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 financial statements, primarily due to their short-term nature.
Stock-Based Compensation	The Company accounts for its stock-based compensation awards in accordance with ASC Topic 718, Compensation—Stock Compensation (“ASC 718”). ASC 718 requires all stock-based payments to employees and non-employees to be recognized as expense in the statements of operations based on their grant date fair values. The Company issued common stock to consultants for services in April 2021. Costs of these transactions are measured at the fair value of the service received or the fair value of the equity instrument issued, whichever is more reliably measurable. The value of the common stock is measured at the earlier of (i) the date at which a firm commitment for performance by the counterparty to earn the equity instrument is reached or (ii) the date at which the counterparty’s performance is complete.
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 financial statements, the Company had working capital deficit of $44,642 at December 31, 2022 and has incurred recurring net loss of $96,213 for the year ended December 31, 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 financial statements are available to be issued. Management intends to fund the ongoing operations of the Company while seeking potential business acquisition opportunities.
Recently Issued Accounting Pronouncements	Accounting standards that have been issued or proposed by Financial Accounting Standards Board (“FASB”) that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

WRITE-OFF OF PAYABLES RELATED_2

WRITE-OFF OF PAYABLES RELATED PARTY TRANSACTIONS AND ACCRUED INTEREST OCCURING PRIOR TO THE COMPANY ABANDONMENT (Tables)	12 Months Ended
	Dec. 31, 2022
WRITE-OFF OF PAYABLES RELATED PARTY TRANSACTIONS AND ACCRUED INTEREST OCCURING PRIOR TO THE COMPANY ABANDONMENT
Schedule of existing liabilities	Nature of Liability Amount Date Created Written Instrument Maturity Date Date on which Statute of Limitations Expired Convertible Debt – Principal and Accrued Interest $ 81,575 7/30/08 Yes 7/30/08 7/30/19 Convertible Debt – Principal and Accrued Interest 111,061 10/16/08 Yes 10/16/08 10/16/19 Convertible Debt – Principal and Accrued Interest 420,275 4/9/09 Yes 4/9/09 4/9/20 Related Party Loan 25,000 12/9/08 No 12/9/08 12/9/12 Related Party Loan 25,000 9/5/08 Yes 9/5/08 9/5/19 Convertible Debt – Principal and Accrued Interest 104,911 12/31/09 Yes 12/31/09 12/31/20 Payment of Expenses 1,501 12/9/08 Yes 12/9/08 12/9/19 Accounts payable 53,804 Prior to 6/30/12 No None 6/30/16 Accrued liabilities 1,625 Prior to 6/30/12 No None 6/30/16 Total $ 824,752 Nature of Liability Amount Date Created Written Instrument Maturity Date Date on which Statute of Limitations Expired Convertible Debt – Principal and Accrued Interest $ 104,368 5/18/2010 Yes 5/18/2010 5/18/2021

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)		12 Months Ended
	Sep. 14, 2021	Dec. 31, 2022	Dec. 31, 2021
Net loss		$ (96,213)	$ (750,881)
Working Capital Deficit		$ 44,642
Acquisition Agreement [Member]
Share issued in exchange of acquisition	50,000,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Sep. 30, 2022	Jun. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Sep. 02, 2022	Aug. 11, 2022	May 18, 2010
Due to related party			$ 42,674	$ 13,716
Intrinsic value of debenture			7,143
Reduction in carrying value of convertible debenture			42,857
Interest Expense			$ 14,167	26,252
Convertible loans					$ 100,000	$ 150,000
Write off the related party loans and related accrued and unpaid interest	$ 516,508
CEO Fei Wang [Member]
Issue of common stock			53,551,000
Sale of common stock amount			$ 53,551
CEO, Lili Xin [Member]
Amount payable		$ 9,850		$ 13,716
Amount converted in equity		$ 9,850
November 30, 2010 [Member]
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
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
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.
Convertible Loan Agreement [Member]
Conversion Price Per Share			$ 0.35				$ 0.035
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.

CONVERTIBLE DEBENTURE (Details

CONVERTIBLE DEBENTURE (Details Narrative) - Convertible Loan Agreement [Member] - USD ($)	1 Months Ended
	May 18, 2010	Dec. 31, 2022
Reduced carrying value of convertible debenture	$ 28,571
Proceeds from convertible debenture	$ 50,000
Interest rate	10%
Beneficial conversion feature as additional paid in capital	$ 21,429
Debt term	5 years
Debt instrument, conversion price	$ 0.035	$ 0.35
Face Value of convertible debenture	$ 50,000

STOCKHOLDERS DEFICIT (Details N

STOCKHOLDERS DEFICIT (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
STOCKHOLDERS DEFICIT
Issue of common stock Share	53,551,000	30,000,000
Stock purchase price	$ 0.001
Amount Received from shares	$ 53,551	$ 753,000
Stock-based consulting fees		$ 753,000

WRITEOFF OF PAYABLES RELATED PA

WRITEOFF OF PAYABLES RELATED PARTY TRANSACTIONS AND ACCRUED INTEREST OCCURING PRIOR TO THE COMPANY ABANDONMENT (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Sep. 02, 2022	Aug. 11, 2022
Total	$ 824,752
Convertible Debt - Principal and Accrued Interest		$ 100,000	$ 150,000
Convertible Debt - Principal and Accrued Interest [Member]
Date Created	Jul. 30, 2008
Written Instrument	Yes
Maturity Date	Jul. 30, 2008
Date on which Statute of Limitations Expired	Jul. 30, 2019
Convertible Debt - Principal and Accrued Interest	$ 81,575
Convertible Debt - Principal and Accrued Interest One [Member]
Date Created	Oct. 16, 2008
Written Instrument	Yes
Maturity Date	Oct. 16, 2008
Date on which Statute of Limitations Expired	Oct. 16, 2019
Convertible Debt - Principal and Accrued Interest	$ 111,061
Convertible Debt - Principal and Accrued Interest Two [Member]
Date Created	Apr. 09, 2009
Written Instrument	Yes
Maturity Date	Apr. 09, 2009
Date on which Statute of Limitations Expired	Apr. 09, 2020
Convertible Debt - Principal and Accrued Interest	$ 420,275
Related Party Loan [Member]
Date Created	Dec. 09, 2008
Written Instrument	No
Maturity Date	Dec. 09, 2008
Date on which Statute of Limitations Expired	Dec. 09, 2012
Related Party Loan	$ 25,000
Related Party Loan One [Member]
Date Created	Sep. 05, 2008
Written Instrument	Yes
Maturity Date	Sep. 05, 2008
Date on which Statute of Limitations Expired	Sep. 05, 2019
Related Party Loan	$ 25,000
Convertible Debt - Principal and Accrued Interest Three [Member]
Date Created	Dec. 31, 2009
Written Instrument	Yes
Maturity Date	Dec. 31, 2009
Date on which Statute of Limitations Expired	Dec. 31, 2020
Convertible Debt - Principal and Accrued Interest	$ 104,911
Payment of Expenses [Member]
Date Created	Dec. 09, 2008
Written Instrument	Yes
Maturity Date	Dec. 09, 2008
Date on which Statute of Limitations Expired	Dec. 09, 2019
Payment of Expenses	$ 1,501
Accounts payable [Member]
Date Created	Jun. 30, 2012
Written Instrument	No
Date on which Statute of Limitations Expired	Jun. 30, 2016
Accounts payable	$ 53,804
Accrued liabilities [Member]
Date Created	Jun. 30, 2012
Written Instrument	No
Date on which Statute of Limitations Expired	Jun. 30, 2016
Accrued liabilities	$ 1,625
Convertible Debt - Principal and Accrued Interest Four [Member]
Date Created	May 18, 2010
Written Instrument	Yes
Maturity Date	May 18, 2010
Date on which Statute of Limitations Expired	May 18, 2021
Convertible Debt - Principal and Accrued Interest	$ 104,368

WRITEOFF OF PAYABLES RELATED _2

WRITEOFF OF PAYABLES RELATED PARTY TRANSACTIONS AND ACCRUED INTEREST OCCURING PRIOR TO THE COMPANY ABANDONMENT (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2022
WRITE-OFF OF PAYABLES RELATED PARTY TRANSACTIONS AND ACCRUED INTEREST OCCURING PRIOR TO THE COMPANY ABANDONMENT
Write-off the related party loans, accrued interest and other payables	$ 104,368			$ 824,752
Write-off of accured interest debt		$ 54,368	$ 378,527
Written off debt additional paid in capital	$ 50,000		$ 446,225

COMMITMENTS (Details Narrative)

COMMITMENTS (Details Narrative) - USD ($)		1 Months Ended
	Feb. 08, 2010	Jul. 01, 2009	Dec. 31, 2022	Dec. 31, 2021	Jan. 01, 2010
COMMITMENTS AND CONTINCENGIES
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
Penalty fees per week		10%
Common stock shares issued during the period, shares	75,000
Common Stock to be Issued			$ 2,282	$ 2,282	$ 2,282
Additional shares issued					75,000