Zhong Ya International (ZYJT) 10-K 30 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Mar. 30, 2020	Jun. 30, 2019
Details
Registrant CIK	0001442101
Fiscal Year End	--12-31
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	001-34714
Entity Registrant Name	Zhong Ya International Ltd
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	26-3045445
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
Entity Address, Address Description	Address of principal executive office and zip code
City Area Code	702
Local Phone Number	472-5066
Phone Fax Number Description	Registrant’s telephone number, including area code
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Entity Public Float			$ 0
Entity Listing, Par Value Per Share	$ 0.001
Entity Common Stock, Shares Outstanding		1,805,001
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
ASSETS
TOTAL ASSETS	$ 0	$ 0
Current Liabilities
Accounts payable and accrued expenses	13,771	10,203
Due to related party	58,927	27,201
Total current liabilities	72,698	37,404
STOCKHOLDER'S (DEFICIT):
Preferred Stock, Value, Issued	0	0
Common Stock, Value, Issued	1,805	1,805
Additional paid-in capital	620,334	620,334
(Deficit)	(694,837)	(659,543)
TOTAL STOCKHOLDER'S (DEFICIT):	(72,698)	(37,404)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	0	0
COMMITMENTS AND CONTINGENCIES	$ 0	$ 0

Balance Sheets - Parenthetical

Balance Sheets - Parenthetical - $ / shares	Dec. 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	50,000,000
Common Stock, Shares, Issued	1,805,001	1,805,001
Common Stock, Shares, Outstanding	1,805,001	1,805,001

Statement of Operations

Statement of Operations - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
Revenues	$ 0	$ 0
Operating expenses
General and administrative	(35,294)	(536,111)
Total operating expenses	(35,294)	(536,111)
Net Income (Loss)	$ (35,294)	$ (536,111)
Net Income (Loss) per share - basic and diluted	$ (0.02)	$ (1.71)
Weighted average shares outstanding, basic and diluted	1,805,001	313,629

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, 2017	$ 85	$ 82,809	$ (123,432)	$ (40,538)
Shares Outstanding, Starting at Dec. 31, 2017	85,050
Net Income (Loss)	$ 0		(536,111)	(536,111)
Shares Outstanding, Ending at Dec. 31, 2018	1,805,001
Equity Balance, Ending at Dec. 31, 2018	$ 1,805	620,334	(659,543)	(37,404)
Stock Issued During Period, Value, New Issues	$ 102	34,436	0	34,538
Stock Issued During Period, Shares, New Issues	102,301
Shares Granted, Value, Share-based Payment Arrangement, after Forfeiture	$ 1,618	503,089	0	504,707
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	1,617,650
Net Income (Loss)	$ 0		(35,294)	(35,294)
Shares Outstanding, Ending at Dec. 31, 2019	1,805,001
Equity Balance, Ending at Dec. 31, 2019	$ 1,805	$ 620,334	$ (694,837)	$ (72,698)

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net (loss)	$ (35,294)	$ (536,111)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock compensation	0	504,707
Change in operating assets and liabilities:
Increase in accounts payable and accrued expenses	3,568	4,203
Increase in due to related party	31,726	27,201
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 interest	$ 0	$ 34,538

1. GENERAL

1. GENERAL	12 Months Ended
	Dec. 31, 2019
Notes
1. GENERAL	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 purposes of changing domicile from Iowa to Nevada and effecting a name change to Zhong Ya International Limited. 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 7).

2. ACCOUNTING POLICIES

2. ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
Notes
2. ACCOUNTING POLICIES	2. ACCOUNTING POLICIES Basis of Accounting and Presentation The accompanying financial statements have been prepared on the accrual basis in accordance with accounting principles generally accepted in the United States of America (“GAAP”). 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 measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. The Company has not identified any assets or liabilities that are required to be presented at fair value on a recurring basis. Non-derivative financial instruments include accounts payable, accrued expenses, and due to related party. As of December 31, 2019 and 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. Net Income (Loss) per Share The Company computes net income (loss) per share of common stock in accordance with FASB ASC 260, Earnings Per Share

3. COMMON STOCK

3. COMMON STOCK	12 Months Ended
	Dec. 31, 2019
Notes
3. COMMON STOCK	3. 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 December 31, 2019 and 2018, there were 1,805,001 shares of common stock issued and outstanding. The Company entered into a debt assumption and conversion agreement, dated January 31, 2018, pursuant to which $30,815 in accounts payable and accrued expenses and $3,723 of accrued interest owed to Magellan Capital Partners, Inc. (“Magellan”) were converted into 102,300 shares of the Company’s common stock, issued to Tonbridge, LLC, a designee of Magellan. 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 was recognized for $504,707 for these shares.

4. INCOME TAX

4. INCOME TAX	12 Months Ended
	Dec. 31, 2019
Notes
4. INCOME TAX	4. INCOME TAX On December 22, 2017, the “Tax Cuts and Jobs Act” (the “Tax Act”) was enacted. Under the Tax Act, net operating losses (“NOL”) from tax years that began after December 31, 2017 do not expire, and prior NOLs expire after 20 years. Further, under the Tax Act, although the treatment of tax losses generated in taxable years ended before December 31, 2017 has generally not changed, tax losses generated in taxable years beginning after December 31, 2017 may offset no more than 80% of taxable income annually. As of December 31, 2019, the Company had approximately $192,500 in net operating loss carryforwards. Of this amount, $66,700 has no expiration date and $125,800 expires through 2037. The Company is subject to the Tax Act which provides 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 $35,000 and $31,000 for the years ended December 31, 2019 and 2018, respectively. The Company had pre-tax losses of approximately $35,000 and $536,000 for the years ended December 31, 2019 and 2018, respectively. The provision of income tax for the years ended December 31, 2019 and 2018 are summarized as follows: 2019 2018 Current $ - $ - Deferred 7,412 6,595 Change in valuation allowance (7,412) (6,595) Total $ - $ - The primary components that give rise to deferred income taxes at December 31, 2019 and 2018 are as follows: 2019 2018 Deferred tax assets (liabilities): Net operating loss carry forwards $ 40,434 $ 33,022 Less: valuation allowance (40,434) (33,022) Total deferred tax assets (liabilities)-Net $ - $ - 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 December 31, 2019 and 2018. The valuation allowances increased by $7,412 and $6,595 as of December 31, 2019 and 2018, respectively. The following table reconciles the U.S. statutory rates to the Company’s effective tax rate for the years ended December 31, 2019 and 2018: 2019 2018 Federal statutory tax rate 21.0% 21.0% Valuation allowance (21.0) (21.0) Effective tax rate 0.0% 0.0%

5. DUE TO RELATED PARTY

5. DUE TO RELATED PARTY	12 Months Ended
	Dec. 31, 2019
Notes
5. DUE TO RELATED PARTY	5. DUE TO RELATED PARTY As of December 31, 2019 and 2018, the Company had a non-interest-bearing payable of $58,927 and $27,201, respectively, due to the principal shareholder, who also serves as sole director, Chief Executive Officer, Chief Financial Officer and secretary of the Company, for the Company’s operations.

6. CONTINGENCIES

6. CONTINGENCIES	12 Months Ended
	Dec. 31, 2019
Notes
6. CONTINGENCIES	6. 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.

7. GOING CONCERN

7. GOING CONCERN	12 Months Ended
	Dec. 31, 2019
Notes
7. GOING CONCERN	7. 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 principal shareholder 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 it will be successful. The Company’s ability to continue as a going concern is dependent upon the continued financial support from its principal shareholder 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.

8. SUBSEQUENT EVENTS

8. SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2019
Notes
8. SUBSEQUENT EVENTS	8. SUBSEQUENT EVENTS The Company’s management has performed subsequent events procedures through March 30, 2020, which is the date the financial statements were available to be issued, and determined there were no subsequent events that would require recognition or disclosure in the financial statements.

1. GENERAL_ Organization and Bu

1. GENERAL: Organization and Business Nature (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Organization and Business Nature	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 purposes of changing domicile from Iowa to Nevada and effecting a name change to Zhong Ya International Limited. 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 7).

2. ACCOUNTING POLICIES_ Basis o

2. ACCOUNTING POLICIES: Basis of Accounting and Presentation (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Basis of Accounting and Presentation	Basis of Accounting and Presentation The accompanying financial statements have been prepared on the accrual basis in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

2. ACCOUNTING POLICIES_ Cash an

2. ACCOUNTING POLICIES: Cash and Cash Equivalents (Policies)	12 Months Ended
	Dec. 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. ACCOUNTING POLICIES_ Income

2. ACCOUNTING POLICIES: Income Taxes (Policies)	12 Months Ended
	Dec. 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. ACCOUNTING POLICIES_ Fair Va

2. ACCOUNTING POLICIES: Fair Value of Financial Instruments (Policies)	12 Months Ended
	Dec. 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 measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. The Company has not identified any assets or liabilities that are required to be presented at fair value on a recurring basis. Non-derivative financial instruments include accounts payable, accrued expenses, and due to related party. As of December 31, 2019 and 2018, the carrying values of these financial instruments approximated their fair values due to their short term nature.

2. ACCOUNTING POLICIES_ Use of

2. ACCOUNTING POLICIES: Use of Estimates (Policies)	12 Months Ended
	Dec. 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. ACCOUNTING POLICIES_ Net Inc

2. ACCOUNTING POLICIES: Net Income (Loss) per Share (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Net Income (Loss) per Share	Net Income (Loss) per Share The Company computes net income (loss) per share of common stock in accordance with FASB ASC 260, Earnings Per Share

4. INCOME TAX_ Schedule of Comp

4. INCOME TAX: Schedule of Components of Income Tax Expense (Benefit) (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Components of Income Tax Expense (Benefit)	2019 2018 Current $ - $ - Deferred 7,412 6,595 Change in valuation allowance (7,412) (6,595) Total $ - $ -

4. INCOME TAX_ Schedule of Defe

4. INCOME TAX: Schedule of Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities	2019 2018 Deferred tax assets (liabilities): Net operating loss carry forwards $ 40,434 $ 33,022 Less: valuation allowance (40,434) (33,022) Total deferred tax assets (liabilities)-Net $ - $ -

4. INCOME TAX_ Schedule of Effe

4. INCOME TAX: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Dec. 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 0.0% 0.0%

1. GENERAL_ Organization and _2

1. GENERAL: Organization and Business Nature (Details)	12 Months Ended
	Dec. 31, 2019
Details
Entity Incorporation, Date of Incorporation	May 25, 2018
Entity Incorporation, State or Country Code	NV

3. COMMON STOCK (Details)

3. COMMON STOCK (Details) - Common Stock Transaction 1	12 Months Ended
	Dec. 31, 2019USD ($)$ / sharesshares
Sale of Stock, Description of Transaction	Company issued 1,617,650 shares of common stock
Shares, Issued | shares	1,617,650
Sale of Stock, Price Per Share | $ / shares	$ 0.001
Stock Issued | $	$ 504,707

4. INCOME TAX_ Schedule of Co_2

4. INCOME TAX: Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
Provision for Income Tax - Current	$ 0	$ 0
Provision for Income Tax - Deferred	7,412	6,595
Provision for Income Tax - Change in valuation allowance	(7,412)	(6,595)
Provision for Income Tax - Total	$ 0	$ 0

4. INCOME TAX_ Schedule of De_2

4. INCOME TAX: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Details
Net operating loss carry forwards	$ 40,434	$ 33,022
Less: valuation allowance	(40,434)	(33,022)
Total deferred tax assets (liabilities)-Net	$ 0	$ 0

4. INCOME TAX_ Schedule of Ef_2

4. INCOME TAX: Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 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%

5. DUE TO RELATED PARTY (Detail

5. DUE TO RELATED PARTY (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Details
Due to related party	$ 58,927	$ 27,201