Zhong Ya International (ZYJT) 10-K 17 Apr 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Apr. 17, 2018	Jun. 30, 2017
Details
Registrant Name	WESTERN LUCRATIVE ENTERPRISES, INC.
Registrant CIK	1,442,101
SEC Form	10-K
Period End date	Dec. 31, 2017
Fiscal Year End	--12-31
Trading Symbol	wluc
Tax Identification Number (TIN)	263,045,445
Number of common stock shares outstanding		18,735,000
Public Float			$ 0
Filer Category	Smaller Reporting Company
Current with reporting	Yes
Voluntary filer	No
Well-known Seasoned Issuer	No
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Incorporation, State Country Name	Iowa
Entity Address, Address Line One	64 North Pecos Road, Suite 900
Entity Address, City or Town	Henderson
Entity Address, State or Province	Nevada
Entity Address, Postal Zip Code	89,074

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
ASSETS
TOTAL ASSETS	$ 0	$ 0
Current liabilities:
Accounts payable and accrued expenses	36,815	31,815
Accrued interest	3,723	3,098
Related party loan	17,500	17,500
Beneficial conversion feature	(17,500)	(17,500)
Total current liabilities	40,538	34,913
Stockholders' (Deficit):
Common Stock, Value, Issued	8,505	8,505
Additional paid-in capital	74,389	74,389
(Deficit)	(123,432)	(117,807)
Total stockholders' (deficit)	(40,538)	(34,913)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	$ 0	$ 0

Balance Sheets - Parenthetical

Balance Sheets - Parenthetical - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Details
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	750,000,000	750,000,000
Common Stock, Shares, Issued	8,505,000	8,505,000
Common Stock, Shares, Outstanding	8,505,000	8,505,000

Statement of Operations

Statement of Operations - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Details
Revenues	$ 0	$ 0
Operating expenses:
General and administrative	(5,000)	(5,800)
Total operating expenses	(5,000)	(5,800)
Other income (expense):
Interest expense	(625)	(630)
Total other income (expense)	(625)	(630)
Other comprehensive (loss)	0	0
Net Income (Loss)	$ (5,625)	$ (6,430)
Net Income (Loss) per share - basic and diluted	$ 0	$ 0
Weighted average shares outstanding, Basic and Diluted	8,505,000	8,505,000

Statements of Changes in Stockh

Statements of Changes in Stockholders' Equity (Deficit) - USD ($)	Common Stock	Additional Paid-in Capital	Retained Earnings	Total
Equity Balance, Starting at Dec. 31, 2015	$ 8,505	$ 74,389	$ (111,377)	$ (28,483)
Shares Outstanding, Starting at Dec. 31, 2015	8,505,000
Net Income (Loss)	$ 0	0	(6,430)	(6,430)
Shares Outstanding, Ending at Dec. 31, 2016	8,505,000
Equity Balance, Ending at Dec. 31, 2016	$ 8,505	74,389	(117,807)	(34,913)
Net Income (Loss)	$ 0	0	(5,625)	(5,625)
Shares Outstanding, Ending at Dec. 31, 2017	8,505,000
Equity Balance, Ending at Dec. 31, 2017	$ 8,505	$ 74,389	$ (123,432)	$ (40,538)

Statements of Cash Flows

Statements of Cash Flows - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net (loss)	$ (5,625)	$ (6,430)
Change in operating assets and liabilities:
Increase in accounts payable and accrued expenses	5,000	5,800
Increase in accrued interest	625	630
Net cash (used in) provided by operating activities	0	0
Net change in cash and cash equivalents	0	0
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	0	0
Cash and Cash Equivalents, at Carrying Value, Ending Balance	0	0
Supplemental disclosure of cash flow information
Cash paid for income taxes	0	0
Cash paid for interest	$ 0	$ 0

1. General

1. General	12 Months Ended
	Dec. 31, 2017
Notes
1. General	1. GENERAL Organization and Business Nature Western Lucrative Enterprises, Inc. (the “Company”) was incorporated in the State of Iowa on July 14, 2008 and has as a principal business objective of becoming an online landscape design, construction, and consulting service platform. The Company initially intends to develop procedures to make the information given to a prospective purchaser as accurate as possible to lead to the highest percentage of successful Western Lucrative purchases. The Company also intends to focus only on items that can be designed without travel to the location. Due to financial limitations, the operations to date have been limited to conceptual planning. The Company considers alternative business directions that can maximize shareholder value such as acquisitions. The Company has not generated any revenues from operations and can give no assurance of any future revenues. The Company will require substantial additional funding to initiate and develop its operations. There is no assurance that the Company will be able to obtain sufficient additional funds when needed, or that such funds, if available, will be obtainable on terms satisfactory to the Company.

2. Accounting Policies

2. Accounting Policies	12 Months Ended
	Dec. 31, 2017
Notes
2. Accounting Policies	2. ACCOUNTING POLICIES Basis of Accounting and Presentation The accompany financial statements have been prepared on the accrual basis in accordance with accounting principles generally accepted in the United States of America (“GAAP”). In June 2014, the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) issued Accounting Standards Update (“ASU”) 2014-10, Development Stage Entities Cash and Cash Equivalents The Company considers all liquid investments with an original maturity of three months or less that are readily convertible into cash to be cash equivalents. Revenue Recognition The Company intends to provide landscape design and consulting services via a web site. The Company reports income and expenses on the accrual basis of accounting, whereby income is recorded when it is earned and expenses recorded when they are incurred. The Company has not developed a working website; therefore, no revenues have been generated. Convertible Debt Convertible debt is accounted for under FASB ASC 470, Debt – Debt with Conversion and Other Options Income Taxes The Company has not generated any taxable income, and, therefore, no provision for income taxes has been provided. The Company accounts for income taxes in accordance with FASB ASC 740, Income Taxes The Company follows the provisions of FASB ASC 740-10-25. The provisions prescribe a recognition threshold and measurement attribute for the recognition and measurement of tax positions taken or expected to be taken in income tax returns and require that uncertain tax positions are evaluated in a two-step process. The Company does not have any uncertain tax positions. Fair Value of Financial Instruments FASB ASC 820, Fair Value Measurement Level 1 Inputs – Unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access. Level 2 Inputs – Inputs other than the quoted prices in Level 1 that are observable either directly or indirectly. Level 3 Inputs – Inputs based on prices or valuation techniques that are both unobservable and significant to the overall fair value measurements. FASB ASC 820 requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurements. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. The Company did not identify any assets or liabilities that are required to be presented at fair value on a recurring basis. Non-derivative financial instruments include payables. As of December 31, 2017 and 2016, the carrying values of these financial instruments approximated their fair values due to their short term nature. The convertible promissory note payable is recorded at cost. The carrying amount approximated fair value. Use of Estimates The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain 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 period. Actual results could differ from those estimates. Earnings (Loss) per Share The Company computes net earnings (loss) per common share in accordance with FASB ASC 260, Earnings Per Share Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation. These reclassifications have no effect on the accompanying statements of operations and cash flows.

3. Recently Issued Accounting S

3. Recently Issued Accounting Standards	12 Months Ended
	Dec. 31, 2017
Notes
3. Recently Issued Accounting Standards	3. RECENTLY ISSUED ACCOUNTING STANDARDS In May 2014, FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) In August 2015, the FASB issued ASU No. 2015-14, Deferral of the Effective Date In March 2016, the FASB issued ASU No. 2016-08, Principal versus Agent Considerations (Reporting Revenue versus Net) In April 2016, the FASB issued ASU No. 2016-10, Identifying Performance Obligations and Licensing In May 2016, the FASB issued ASU No. 2016-12 Narrow-Scope Improvements and Practical Expedients In December 2016, the FASB further issued ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers The Company believes that these accounting standard update are not expected to have a material impact on the Company’s financial statements.

4. Common Stock

4. Common Stock	12 Months Ended
	Dec. 31, 2017
Notes
4. Common Stock	4. COMMON STOCK The Company has authorized seven hundred and fifty million shares of common stock with a par value of $.001 . As of December 31, 2017 and 2016, there are 8,505,000 shares of common stock issued and outstanding.

5. Convertible Promissory Notes

5. Convertible Promissory Notes	12 Months Ended
	Dec. 31, 2017
Notes
5. Convertible Promissory Notes	5. CONVERTIBLE PROMISSORY NOTES The chart below summarizes the term of the notes payable and debt discounts of the Company as of December 31, 2017. Terms Amount Notes Payable to Related Party ( Millenium Group, Inc.): $10,000 Notes Payable to Related Party ( Magellan Capital Partners): $6,000 Notes Payable to Related Party (Savile Town Investments, Inc.): $1,500 In accordance with ASC 470-20, Debt with conversion and other options In accordance with accounting principles generally accepted in the United States of America, the above promissory notes should have been being accreted up commencing their issuance dates up to their values required to be paid on their due dates. The Millenium note should have had a value of $10,000 on its August 20, 2017 due date and the two other notes (Magellan and Savile Town) should have had a total value of $7,500 on their December 31, 2017 due date. Do to the inactivity of the Company and the fact that subsequent to December 31, 2017, these three notes and their related accrued interest was forgiven (See Note 10), from a qualitative perspective, a determination was made not amend or correct prior filings for this error.

6. Income Tax

6. Income Tax	12 Months Ended
	Dec. 31, 2017
Notes
6. Income Tax	6. INCOME TAX At December 31, 2017 and 2016, the Company has established full a valuation allowance against its deferred tax assets, principally for operating losses, due to the uncertainty in realizing the benefits. At December 31, 2017, the Company had approximately $120,000 of unused operating losses expiring beginning 2028 through 2037. This carry forward may be limited upon the consummation of a business combination under IRC Section 381. The Company did not pay any income taxes during the periods ended December 31, 2017 or 2016.

7. Related Parties Transaction

7. Related Parties Transaction	12 Months Ended
	Dec. 31, 2017
Notes
7. Related Parties Transaction	7. related parties transaction The holder (Millenium Group, Inc.) of the $10,000 convertible note is owned by Jonathan Mork who is a son of Dempsey Mork owner of MCC Profit Sharing Plan which holds more than 5% of the common shares from the Company. The holder (Magellan Capital Partners) of the $6,000 convertible note is owned by Dempsey Mork owner of MCC Profit Sharing Plan which holds more than 5% of the common shares from the Company. The holder (Savile Town Investments, Inc.) of the $1,500 convertible note is owned by Neville Pearson, who is the former President, Chief Executive Officer and Director of the Company.

8. Contingencies

8. Contingencies	12 Months Ended
	Dec. 31, 2017
Notes
8. Contingencies	8. CONTINGENCIES The Company could become a party to various legal actions arising in the ordinary course of business. Matters that are probable of unfavorable outcomes to the Company and which can be reasonably estimated are accrued. Such accruals are based on information known about the matters, the Company’s estimates of the outcomes of such matters and its experience in contesting, litigating and settling similar matters. As of the date of this report, there are no material pending legal proceedings to which the Company is a party or of which any of its property is the subject, nor are there any such proceedings known to be contemplated.

9. Going Concern

9. Going Concern	12 Months Ended
	Dec. 31, 2017
Notes
9. Going Concern	9. Going concern The Company’s financial statements have been presented on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company is subject to the substantial business risks and uncertainties inherent to such an entity, including the potential risk of business failure. The Company has not generated any revenues since inception. While the Company is attempting to commence operations and generate revenues, the Company continues to be reliant upon its stockholders to support its operations. This raises substantial doubt about the Company’s ability to continue as a going concern. Management is hoping to raise additional funds through the issuance of additional equity or debt securities. While the Company believes in its ability to raise additional funds and the viability of its strategy, there can be no assurances that they will be successful. The Company’s ability to continue as a going concern is dependent upon the continued financial support from its stockholders and its ability to obtain the necessary equity or debt financing and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.

10. Subsequent Events

10. Subsequent Events	12 Months Ended
	Dec. 31, 2017
Notes
10. Subsequent Events	10. Subsequent Events The Company's management has performed subsequent events procedures through April 17, 2018, which is the date the financial statements were available to be issued. The Company entered into a debt assumption and conversion agreement, dated as of January 31, 2018, pursuant to which $30,815 in accounts payables and accrued expenses owed to Magellan were converted into 10,230,000 shares of the Company’s common stock, issued in the name of Tonbridge, LLC, a company under common control with Magellan. On January 31, 2018, a Stock Purchase Agreement (the”SPA”) was entered by and among Dempsey Mork, Tonbridge, LLC and Magellan Capital Corp. 401K Profit Sharing Plan, as sellers, and Wenjian Liu, as buyer. Pursuant to the SPA, the buyer paid consideration of $325,000 in cash from his personal funds. The purchase and sale of 16,930,000 shares of Common Stock as contemplated by the SPA (the “Purchase”) closed on February 12, 2018 and Wenjian Liu was appointed Chief Executive Officer, Chief Financial Officer and Secretary of the Company. In connection with the Purchase, the Company entered into a cancellation of debt agreement with Millennium Group, Inc., for the cancellation of $11,863 in aggregate principal and accrued interest under a promissory note, dated August 20, 2010. The Company also entered into a cancellation of debt agreement with Savile Town Investments, Inc., dated as of January 31, 2018, for the cancellation of $1,882 in aggregate principal and accrued interest under a promissory note, dated December 31, 2012, which was assigned to Codell Financial Services, LLC on April 26, 2017. In addition, the Company entered into a cancellation of debt agreement with Magellan Capital Partners, Inc., for the cancellation of $7,526 in aggregate principal and accrued interest under a promissory note, dated December 31, 2012.

1. General_ Organization and Bu

1. General: Organization and Business Nature (Policies)	12 Months Ended
	Dec. 31, 2017
Policies
Organization and Business Nature	Organization and Business Nature Western Lucrative Enterprises, Inc. (the “Company”) was incorporated in the State of Iowa on July 14, 2008 and has as a principal business objective of becoming an online landscape design, construction, and consulting service platform. The Company initially intends to develop procedures to make the information given to a prospective purchaser as accurate as possible to lead to the highest percentage of successful Western Lucrative purchases. The Company also intends to focus only on items that can be designed without travel to the location. Due to financial limitations, the operations to date have been limited to conceptual planning. The Company considers alternative business directions that can maximize shareholder value such as acquisitions. The Company has not generated any revenues from operations and can give no assurance of any future revenues. The Company will require substantial additional funding to initiate and develop its operations. There is no assurance that the Company will be able to obtain sufficient additional funds when needed, or that such funds, if available, will be obtainable on terms satisfactory to the Company.

2. Accounting Policies_ Basis o

2. Accounting Policies: Basis of Accounting and Presentation (Policies)	12 Months Ended
	Dec. 31, 2017
Policies
Basis of Accounting and Presentation	Basis of Accounting and Presentation The accompany financial statements have been prepared on the accrual basis in accordance with accounting principles generally accepted in the United States of America (“GAAP”). In June 2014, the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) issued Accounting Standards Update (“ASU”) 2014-10, Development Stage Entities

2. Accounting Policies_ Cash an

2. Accounting Policies: Cash and Cash Equivalents (Policies)	12 Months Ended
	Dec. 31, 2017
Policies
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all liquid investments with an original maturity of three months or less that are readily convertible into cash to be cash equivalents.

2. Accounting Policies_ Revenue

2. Accounting Policies: Revenue Recognition (Policies)	12 Months Ended
	Dec. 31, 2017
Policies
Revenue Recognition	Revenue Recognition The Company intends to provide landscape design and consulting services via a web site. The Company reports income and expenses on the accrual basis of accounting, whereby income is recorded when it is earned and expenses recorded when they are incurred. The Company has not developed a working website; therefore, no revenues have been generated.

2. Accounting Policies_ Convert

2. Accounting Policies: Convertible Debt (Policies)	12 Months Ended
	Dec. 31, 2017
Policies
Convertible Debt	Convertible Debt Convertible debt is accounted for under FASB ASC 470, Debt – Debt with Conversion and Other Options

2. Accounting Policies_ Income

2. Accounting Policies: Income Taxes (Policies)	12 Months Ended
	Dec. 31, 2017
Policies
Income Taxes	Income Taxes The Company has not generated any taxable income, and, therefore, no provision for income taxes has been provided. The Company accounts for income taxes in accordance with FASB ASC 740, Income Taxes The Company follows the provisions of FASB ASC 740-10-25. The provisions prescribe a recognition threshold and measurement attribute for the recognition and measurement of tax positions taken or expected to be taken in income tax returns and require that uncertain tax positions are evaluated in a two-step process. The Company does not have any uncertain tax positions.

2. Accounting Policies_ Fair Va

2. Accounting Policies: Fair Value of Financial Instruments (Policies)	12 Months Ended
	Dec. 31, 2017
Policies
Fair Value of Financial Instruments	Fair Value of Financial Instruments FASB ASC 820, Fair Value Measurement Level 1 Inputs – Unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access. Level 2 Inputs – Inputs other than the quoted prices in Level 1 that are observable either directly or indirectly. Level 3 Inputs – Inputs based on prices or valuation techniques that are both unobservable and significant to the overall fair value measurements. FASB ASC 820 requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurements. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. The Company did not identify any assets or liabilities that are required to be presented at fair value on a recurring basis. Non-derivative financial instruments include payables. As of December 31, 2017 and 2016, the carrying values of these financial instruments approximated their fair values due to their short term nature. The convertible promissory note payable is recorded at cost. The carrying amount approximated fair value.

2. Accounting Policies_ Use of

2. Accounting Policies: Use of Estimates (Policies)	12 Months Ended
	Dec. 31, 2017
Policies
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain 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 period. Actual results could differ from those estimates.

2. Accounting Policies_ Earning

2. Accounting Policies: Earnings (Loss) per Share (Policies)	12 Months Ended
	Dec. 31, 2017
Policies
Earnings (Loss) per Share	Earnings (Loss) per Share The Company computes net earnings (loss) per common share in accordance with FASB ASC 260, Earnings Per Share

2. Accounting Policies_ Reclass

2. Accounting Policies: Reclassifications (Policies)	12 Months Ended
	Dec. 31, 2017
Policies
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation. These reclassifications have no effect on the accompanying statements of operations and cash flows.

5. Convertible Promissory Not27

5. Convertible Promissory Notes: Schedule of Debt (Tables)	12 Months Ended
	Dec. 31, 2017
Tables/Schedules
Schedule of Debt	Terms Amount Notes Payable to Related Party ( Millenium Group, Inc.): $10,000 Notes Payable to Related Party ( Magellan Capital Partners): $6,000 Notes Payable to Related Party (Savile Town Investments, Inc.): $1,500

1. General_ Organization and 28

1. General: Organization and Business Nature (Details)	12 Months Ended
	Dec. 31, 2017
Details
Entity Incorporation, State Country Name	Iowa
Entity Incorporation, Date of Incorporation	Jul. 14, 2008

4. Common Stock (Details)

4. Common Stock (Details) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Details
Common Stock, Shares Authorized	750,000,000	750,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares, Issued	8,505,000	8,505,000

5. Convertible Promissory Not30

5. Convertible Promissory Notes: Schedule of Debt (Details)	12 Months Ended
	Dec. 31, 2017USD ($)
Millenium
Debt Instrument, Description	Notes Payable
Debt Instrument, Issuance Date	Aug. 20, 2010
Debt Instrument, Face Amount	$ 10,000
Debt Instrument, Interest Rate, Stated Percentage	2.50%
Debt Instrument, Convertible, Terms of Conversion Feature	convertible into 4% of fully diluted common shares
Debt Instrument, Maturity Date	Aug. 20, 2017
Debt Instrument, Unamortized Discount	$ 0
Magellan
Debt Instrument, Description	Notes Payable
Debt Instrument, Issuance Date	Dec. 31, 2012
Debt Instrument, Face Amount	$ 6,000
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Debt Instrument, Convertible, Terms of Conversion Feature	convertible into 600,000 fully diluted common shares
Debt Instrument, Maturity Date	Dec. 31, 2017
Debt Instrument, Unamortized Discount	$ 0
Savile Town
Debt Instrument, Description	Notes Payable
Debt Instrument, Issuance Date	Dec. 31, 2012
Debt Instrument, Face Amount	$ 1,500
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Debt Instrument, Convertible, Terms of Conversion Feature	convertible into 150,000 fully diluted common shares
Debt Instrument, Maturity Date	Dec. 31, 2017
Debt Instrument, Unamortized Discount	$ 0

6. Income Tax (Details)

6. Income Tax (Details)	12 Months Ended
	Dec. 31, 2016USD ($)
Details
Income Taxes Paid	$ 0

10. Subsequent Events (Details)

10. Subsequent Events (Details)	12 Months Ended
	Dec. 31, 2017
Event 1
Subsequent Event, Description	Company entered into a debt assumption and conversion agreement
Subsequent Event, Date	Jan. 31, 2018
Event 2
Subsequent Event, Description	Stock Purchase Agreement (the”SPA”) was entered by and among Dempsey Mork, Tonbridge, LLC and Magellan Capital Corp. 401K Profit Sharing Plan
Subsequent Event, Date	Jan. 31, 2018
Event 3
Subsequent Event, Description	Company entered into a cancellation of debt agreement with Millennium Group, Inc.
Event 4
Subsequent Event, Description	Company also entered into a cancellation of debt agreement with Savile Town Investments, Inc.
Subsequent Event, Date	Jan. 31, 2018
Event 5
Subsequent Event, Description	Company entered into a cancellation of debt agreement with Magellan Capital Partners, Inc.