Zhong Ya International (ZYJT) 10-Q 15 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - $ / shares	May 14, 2019	Mar. 31, 2019
Details
Registrant Name		Zhong Ya International Ltd
Registrant CIK		0001442101
SEC Form		10-Q
Period End date		Mar. 31, 2019
Fiscal Year End		--12-31
Trading Symbol		wluc
Tax Identification Number (TIN)		263045445
Number of common stock shares outstanding	1,805,000
Filer Category		Non-accelerated Filer
Current with reporting		Yes
Small Business		true
Emerging Growth Company		false
Amendment Flag		false
Document Fiscal Year Focus		2019
Document Fiscal Period Focus		Q1
Entity File Number		001-34714
Entity Incorporation, State Country Name		Nevada
Entity Address, Address Line One		64 North Pecos Road, Suite 900
Entity Address, City or Town		Henderson
Entity Address, State or Province		NV
Entity Address, Postal Zip Code		89074
City Area Code		702
Local Phone Number		472-5066
Entity Listing, Par Value Per Share	$ 0.001

CONDENSED BALANCE SHEETS, (Marc

CONDENSED BALANCE SHEETS, (March 31, 2019 Unaudited) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
ASSETS
TOTAL ASSETS	$ 0	$ 0
Current Liabilities
Accounts payable and accrued expenses	17,172	10,203
Due to related party	27,201	27,201
Total current liabilities	44,373	37,404
Stockholders' (deficit):
Common Stock, Value, Issued	1,805	1,805
Additional paid-in capital	620,334	620,334
(Deficit)	(666,512)	(659,543)
Total stockholders' (deficit)	(44,373)	(37,404)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	0	0
Preferred Stock, Value, Issued	$ 0	$ 0

CONDENSED BALANCE SHEETS, (Ma_2

CONDENSED BALANCE SHEETS, (March 31, 2019 Unaudited) - Parenthetical - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Details
Preferred Stock, Par or Stated Value Per Share	$ 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, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	50,000,000
Common Stock, Shares, Issued	1,805,000	1,805,000
Common Stock, Shares, Outstanding	1,805,000	1,805,000

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating expenses:
General and administrative expenses	$ (6,969)	$ (5,354)
Net Income (Loss)	$ (6,969)	$ (5,354)
Net Income (Loss) per share - basic and diluted	$ 0	$ (0.03)
Weighted average shares outstanding, basic and diluted	1,805,000	153,250

CONDENSED STATEMENT OF CHANGES

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' (DEFICIT) (UNAUDITED) - USD ($)	Common Stock	Additional Paid-in Capital	Retained Earnings	Total
Equity Balance, Starting at Dec. 31, 2017	$ 85	$ 82,809	$ (123,432)	$ (40,538)
Shares Outstanding, Starting at Dec. 31, 2017	85,050
Stock Issued During Period, Value, New Issues	$ 10	34,528	0	34,538
Stock Issued During Period, Shares, New Issues	10,230
Net Income (Loss)	$ 0	0	(5,354)	(5,354)
Shares Outstanding, Ending at Mar. 31, 2018	95,280
Equity Balance, Ending at Mar. 31, 2018	$ 95	117,337	(128,786)	(11,354)
Equity Balance, Starting at Dec. 31, 2018	$ 1,805	620,334	(659,543)	(37,404)
Shares Outstanding, Starting at Dec. 31, 2018	1,805,000
Net Income (Loss)	$ 0	0	(6,969)	(6,969)
Shares Outstanding, Ending at Mar. 31, 2019	1,805,000
Equity Balance, Ending at Mar. 31, 2019	$ 1,805	$ 620,334	$ (666,512)	$ (44,373)

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net (loss)	$ (6,969)	$ (5,354)
Change in operating assets and liabilities:
Increase in accounts payable and accrued expenses	6,969	554
Increase in due to related party	0	4,800
Net cash (used in) 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
Supplemental disclosure of non-cash investing and financing activities
Issuance of 102,300 shares for accounts payable and accrued epenses		$ 34,538

1. General - Organization and B

1. General - Organization and Business Nature	3 Months Ended
	Mar. 31, 2019
Notes
1. General - Organization and Business Nature	1. GENERAL Organization and Business Nature On May 25, 2018, Western Lucrative Enterprises, Inc. (“WLUC”), an Iowa corporation, formed a wholly owned subsidiary, a Nevada corporation named Zhong Ya International Limited (“Zhong Ya”), and on July 3, 2018, WLUC merged with and into Zhong Ya under an Agreement and Plan of Merger (“Merger Agreement”), with the surviving entity being Zhong Ya (such surviving entity referred to herein as the “Company”), for the purpose of changing domicile from Iowa to Nevada, exchanging one hundred outstanding shares of WLUC’s common stock for one share of Zhong Ya’s common stock and effecting a name change to Zhong Ya International Limited (“Merger”). The financial statements give retroactive effect to this merger and the 1 for 100 stock exchange. 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 (see Note 8).

2. Summary of Significant Accou

2. Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Notes
2. Summary of Significant Accounting Policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting and Presentation The accompanying unaudited condensed financial statements have been prepared on the accrual basis in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and interim financial information pursuant to the rules of the Securities and Exchange Commission (the “SEC”) and have been consistently applied. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Interim results are not necessarily indicative of results for the full year. These financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended December 31, 2018, which was filed on April 1, 2019. 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. 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 March 31, 2019, and December 31, 2018, the carrying values of these financial instruments approximated their fair values due to their short-term nature. Use of Estimates The preparation of financial statements in accordance with GAAP 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 share of common stock in accordance with FASB ASC 260, Earnings Per Share

3. Recently issued accounting s

3. Recently issued accounting standards	3 Months Ended
	Mar. 31, 2019
Notes
3. Recently issued accounting standards	3. RECENTLY ISSUED ACCOUNTING STANDARDS As of the date of this quarterly report, there are no recently issued accounting pronouncements which adoption would have a material impact on the Company’s financial statements.

4. Common Stock

4. Common Stock	3 Months Ended
	Mar. 31, 2019
Notes
4. Common Stock	4. COMMON STOCK Upon completion of the Merger on July 3, 2018, the surviving entity, Zhong Ya, had fifty million (50,000,000) shares of common stock authorized with a par value of $0.001 per share. As of March 31, 2019 and 2018, there were 1,805,000 shares of common stock issued and outstanding, respectively. In May 2018, WLUC formed a wholly-owned Nevada corporation for the purposes of changing domicile from Iowa to Nevada and changing its name to Zhong Ya International Limited. The common stock of WLUC was exchanged on July 3, 2018 for the common stock of Zhong Ya, and the Iowa company was merged into Zhong Ya. Each one hundred (100) shares of common stock of WLUC issued and outstanding were canceled and converted automatically into one (1) share of common stock of Zhong Ya with a par value of $0.001. The transaction decreased the number of outstanding shares from 18,735,000 to 187,350. These financial statements have been retroactively adjusted to reflect this exchange. In November 2018, the Company issued 1,617,650 shares of common stock at $0.001 per share for Wenjian Liu’s services as the Chief Executive Officer and Director of the Company. Compensation expense for the issuance of common stock for the Chief Executive Officer and director was $504,707.

5. Income Taxes

5. Income Taxes	3 Months Ended
	Mar. 31, 2019
Notes
5. Income Taxes	5. INCOME TAXes The Company is subject to United States tax laws which provides for a flat rate of 21% for 2019 and 2018. No provision for United States federal taxes has been made as the Company had taxable losses of approximately $7,000 and $5,000 for the three months ended March 31, 2019 and 2018, respectively. The provision for income taxes for the three months ended March 31, 2019 and 2018 are summarized as follows: 2019 2018 Current $ - $ - Deferred 1,464 1,125 (Increase) in valuation allowance (1,464) (1,125) Total $ - $ - The primary components that give rise to deferred income taxes at March 31, 2019 and December 31, 2018 are as follows: March 31, 2019 December 31, 2018 Deferred tax assets (liabilities): Net operating loss carry forwards $ 34,486 $ 33,022 Less: valuation allowance (34,486) (33,022) Total deferred tax assets (liabilities) $ - $ - The Company reviews the valuation allowance to determine whether there is sufficient positive or negative evidence to support a change in judgment about the realization of the deferred tax asset. The Company has established 100% valuation allowances as of March 31, 2019 and December 31, 2018 and no deferred tax asset benefit has been recorded. The following table reconciles the U.S. statutory rates to the Company’s effective tax rate for the three months ended March 31, 2019 and 2018: 2019 2018 Federal statutory tax rate 21.0% 21.0% Valuation allowance (21.0) (21.0) Effective tax rate -% -%

6. Due to Related Party

6. Due to Related Party	3 Months Ended
	Mar. 31, 2019
Notes
6. Due to Related Party	6. Due to related party As of March 31, 2019, and December 31, 2018, the Company had a non-interest-bearing payable of $27,201 , due to the principal shareholder, who also serves as sole Director, Chief Executive Officer, Chief Financial Officer and Secretary of the Company, who advanced funds for the Company’s operations.

7. Contingencies

7. Contingencies	3 Months Ended
	Mar. 31, 2019
Notes
7. Contingencies	7. 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.

8. Going Concern

8. Going Concern	3 Months Ended
	Mar. 31, 2019
Notes
8. Going Concern	8. 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 plans 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 principal stockholder and its ability to obtain the necessary equity or debt financing and eventually commence and 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.

9. Subsequent Events

9. Subsequent Events	3 Months Ended
	Mar. 31, 2019
Notes
9. Subsequent Events	9. Subsequent Events The Company’s management has performed subsequent events procedures through May 15 th

2. Summary of Significant Acc_2

2. Summary of Significant Accounting Policies: Basis of Accounting and Presentation (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
Basis of Accounting and Presentation	Basis of Accounting and Presentation The accompanying unaudited condensed financial statements have been prepared on the accrual basis in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and interim financial information pursuant to the rules of the Securities and Exchange Commission (the “SEC”) and have been consistently applied. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Interim results are not necessarily indicative of results for the full year. These financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended December 31, 2018, which was filed on April 1, 2019.

2. Summary of Significant Acc_3

2. Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	3 Months Ended
	Mar. 31, 2019
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. Summary of Significant Acc_4

2. Summary of Significant Accounting Policies: Income Taxes (Policies)	3 Months Ended
	Mar. 31, 2019
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. Summary of Significant Acc_5

2. Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019, and December 31, 2018, the carrying values of these financial instruments approximated their fair values due to their short-term nature.

2. Summary of Significant Acc_6

2. Summary of Significant Accounting Policies: Use of Estimates (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with GAAP 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. Summary of Significant Acc_7

2. Summary of Significant Accounting Policies: Earnings (Loss) per Share (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
Earnings (Loss) per Share	Earnings (Loss) per Share The Company computes net earnings (loss) per share of common stock in accordance with FASB ASC 260, Earnings Per Share

5. Income Taxes_ Schedule of Co

5. Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables)	3 Months Ended
	Mar. 31, 2019
Tables/Schedules
Schedule of Components of Income Tax Expense (Benefit)	2019 2018 Current $ - $ - Deferred 1,464 1,125 (Increase) in valuation allowance (1,464) (1,125) Total $ - $ -

5. Income Taxes_ Schedule of De

5. Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities	March 31, 2019 December 31, 2018 Deferred tax assets (liabilities): Net operating loss carry forwards $ 34,486 $ 33,022 Less: valuation allowance (34,486) (33,022) Total deferred tax assets (liabilities) $ - $ -

5. Income Taxes_ Schedule of Ef

5. Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)	3 Months Ended
	Mar. 31, 2019
Tables/Schedules
Schedule of Effective Income Tax Rate Reconciliation	2019 2018 Federal statutory tax rate 21.0% 21.0% Valuation allowance (21.0) (21.0) Effective tax rate -% -%

1. General - Organization and_2

1. General - Organization and Business Nature (Details)	3 Months Ended
	Mar. 31, 2019
Details
Entity Incorporation, Date of Incorporation	May 25, 2018
Entity Information, Former Legal or Registered Name	Western Lucrative Enterprises, Inc.
Entity Incorporation, State Country Name	Nevada

4. Common Stock (Details)

4. Common Stock (Details) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Details
Common Stock, Shares Authorized	50,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares, Issued	1,805,000	1,805,000

5. Income Taxes_ Schedule of _2

5. Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Details
Current	$ 0	$ 0
Deferred	1,464	1,125
(Increase) in valuation allowance	(1,464)	(1,125)
Total	$ 0	$ 0

5. Income Taxes_ Schedule of _3

5. Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Deferred tax assets (liabilities):
Net operating loss carry forwards	$ 34,486	$ 33,022
Less: valuation allowance	(34,486)	(33,022)
Total deferred tax assets (liabilities)	$ 0	$ 0

5. Income Taxes_ Schedule of _4

5. Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Details
Federal Statutory Rate	21.00%	21.00%
Change in valuation allowance	(21.00%)	(21.00%)
Effective Tax Rate	0.00%	0.00%

6. Due to Related Party (Detail

6. Due to Related Party (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Details
Due to related party	$ 27,201	$ 27,201