LNPR (NAEI) 10-K 17 Apr 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Apr. 12, 2017
Document And Entity Information
Entity Registrant Name	New Asia Energy Inc.
Entity Central Index Key	1,454,510
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float	$ 8,897,938
Entity Common Stock, Shares Outstanding		424,508,156
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016
Trading Symbol	naei

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current Assets
Cash	$ 1,130	$ 574,211
TOTAL ASSETS	1,130	574,211
Current liabilities
Accounts payable	4,000
Advances from related parties	1,130	471,283
TOTAL LIABILITIES	5,130	471,283
SHAREHOLDERS' EQUITY (DEFICIT)
Preferred stock, par value $.10 per share; Authorized 10,000,000 shares; issued and outstanding -0- shares.
Common Stock, par value $.001 per share; Authorized 500,000,000 shares; issued and outstanding 424,508,156 and 326,965,299 shares respectively as of December 31, 2016 and 2015.	424,508	326,965
Capital paid in excess of par value	418,762	213,919
Stock subscriptions receivable		(30,603)
Accumulated other comprehensive income	38	38
Accumulated deficit	(847,308)	(407,391)
TOTAL SHAREHOLDERS' EQUITY (DEFICIT)	(4,000)	102,928
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)	$ 1,130	$ 574,211

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Stockholders equity:
Preferred stock, par value	$ 0.10	$ 0.10
Preferred stock, authorized shares	10,000,000	10,000,000
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized shares	500,000,000	500,000,000
Common stock, issued shares	424,508,156	326,965,299
Common stock, outstanding shares	424,508,156	326,965,299

STATEMENTS OF OPERATIONS AND CO

STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Operating Expenses:
General and Administrative	$ 239,951	$ 179,442
Loss (Gain) on Debt Extinguishment	199,966	(10,000)
Total Operating Expenses	439,917	169,442
Net Operating Loss	(439,917)	(169,442)
Provision for Income Tax
Net Loss	(439,917)	(169,442)
Foreign Currency Translation Adjustment		38
Comprehensive Loss	$ (439,917)	$ (169,404)
Net Loss Per Common Share - Basic	$ 0	$ 0
Net Loss Per Common Share - Diluted	$ 0	$ 0
Weighted Average Common Shares Outstanding - Basic	335,760,147	40,218,659
Weighted Average Common Shares Outstanding - Diluted	335,760,147	40,218,659

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Statement of Cash Flows [Abstract]
Net Loss	$ (439,917)	$ (169,442)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss (gain) on debt extinguishment	199,966	(10,000)
Accounts payable	4,000	(8,022)
Expenses paid on behalf of Company		6,406
Cash used in operating activities	(235,675)	(181,058)
Cash flows from financing activities:
Proceeds from issuance of common stock	30,603	286,989
Borrowings from related party	100,510	468,242
Repayment on borrowings from related party	(468,243)
Net cash provided by (used in) financing activities	(337,130)	755,231
Net increase (decrease) in cash	(573,081)	574,173
Effects on changes in foreign exchange rate		38
Cash at beginning of the year	574,211
Cash at end of the year	1,130	574,211
Supplemental disclosure information:
Income taxes paid
Interest paid
Non-cash transactions:
Debt settled with issuance of common stock	$ 102,420

STATEMENTS OF SHAREHOLDERS' DEF

STATEMENTS OF SHAREHOLDERS' DEFICIT - USD ($)	Common Stock	Capital Paid In Excess Of Par Value	Stock Receivable	Accumulated Other Comprehensive Income	Accumulated Deficit	Total
Beginning balance, shares at Dec. 31, 2014	23,660,625
Beginning balance, amount at Dec. 31, 2014	$ 23,661	$ 193,226			$ (237,949)	$ (21,062)
Common stock issued for cash ,Share	303,304,674
Common stock issued for cash ,Amount	$ 303,304	14,288	(30,603)			286,989
Expenses paid on behalf of Company		6,406				6,406
Net Income(loss)				38	(169,442)	(169,442)
Ending balance, shares at Dec. 31, 2015	326,965,299
Ending balance, amount at Dec. 31, 2015	$ 326,965	213,919	(30,603)	38	(407,391)	102,928
Expenses paid on behalf of Company
Issuance of common stock for debt settlement ,Share	97,542,857
Issuance of common stock for debt settlement ,Amount	$ 97,543	204,843				302,386
Proceeds from sales of common stock			30,603			30,603
Net Income(loss)					(439,917)	(439,917)
Ending balance, shares at Dec. 31, 2016	424,508,156
Ending balance, amount at Dec. 31, 2016	$ 424,508	$ 418,762		$ 38	$ (847,308)	$ (4,000)

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Note 1 . Organization and Summary of Significant Accounting Policies	ORGANIZATION New Asia Energy, Inc. (formerly known as High Desert Assets, Inc. and previously known as Univest Tech, Inc, (the "Company"), was incorporated in the State of Colorado on November 6, 2007. The Company was originally formed to develop and market music based on technology solutions. In February 2015, the Company underwent a change in control, and management adopted a new business plan based on the development of a "Pure Play" Renewable/Alternative/Distributed Energy Technology Solutions and Wastes to Resources and Energy platforms. On February 6, 2015, the Company entered into Stock Purchase Agreements with two U.S. accredited investors, Scott C. Kline and Jose A. Capote, the Secretary and Chief Technical Officer of the Company at the time, respectively, and two foreign investors, including Rock Capital Limited, the new majority owner of the Company, pursuant to which the Company issued an aggregate of 17,446,673 shares of common stock, or approximately 42.3% of the issued and outstanding common stock of the Company, at an aggregate purchase price of approximately $17,446. The sales of common stock were made following the acquisition by Rock Capital Limited. On February 6, 2015 (the “Closing Date”), Rock Capital Limited acquired 14,250,000 shares of common stock of the Company, representing approximately 34.7% of the issued and outstanding shares of common stock of the Company as of the Closing Date, from Jaitegh Singh, the previous majority shareholder of the Company. On the same date, Rock Capital Limited also acquired an additional 1,565,450 shares of common stock from several minority holders, including Loro Verde Investments, representing approximately 3.8% of the issued and outstanding shares of common stock of the Company. As a result of the foregoing, as of the February 6, 2015, Rock Capital Limited acquired common stock representing approximately 76% of the issued and outstanding shares of common stock of the Company. On July 23, 2015, the Company filed Articles of Amendment to its Articles of Incorporation with the Colorado Secretary of State to change the name of the Company from High Desert Assets, Inc. to New Asia Energy, Inc. On July 29, 2015, the Financial Industry Regulatory Authority (FINRA) approved the change. On December 31, 2015, the Company went through a change of control of ownership when (i) the Company issued under Regulation S an aggregate of 285,750,001 shares of the Company's common stock to a total of 10 accredited foreign persons in exchange for the receipt of an aggregate of $300,000, including, but not limited to, Rong Yi Rong (Beijing) Asset Management Limited (167,995,350 shares), Platinum Starlight HK Limited (15,176,877 shares), Beijing Run Zheng Technology Development Limited (27,297,224 shares), and Million Leader HK Limited (27,297,224 shares), and (ii) Rock Capital Limited sold 14,250,000 of its shares of the Company's common stock to Platinum Starlight HK Limited in exchange for the receipt of an aggregate of $100,000, altogether representing approximately 91.8% of the issued and outstanding common stock of the Company. The Company received $269,435 as of December 31, 2015. The remaining amount of $30,566 was received after the year end. On December 19, 2016, Lin Kok Peng, chairman of the Board and the Company's Chief Executive Officer and Chief Financial Officer, Allister Lim Wee Sing, director of the Company, and Jose Capote, secretary of the Company, resigned from the Board and their positions as Company officers. On the same day, the Board named Mr. Veng Kun Lun and Mr. Poh Kee Liew as new directors. Mr. Veng Kun Lun was also named to be the Chief Executive Officer and secretary of the Company, and Mr. Poh Kee Liew was named as Chief Financial Officer of the Company. In November 2016, Rock Capital Limited transferred part of the Company’s common stock to individuals, and converted debt of $102,420 to 97,542,857 shares of the Company’s common stock. As of December 31, 2016, Rock Capital Limited remained as the largest shareholder of the Company.

Summary Significant Accounting

Summary Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Note 2 . Summary of Significant Accounting Policies	This summary of significant accounting policies is presented to assist the reader in understanding the Company's financial statements. The financial statements and notes are representations of the Company's management, which is responsible for their integrity and objectivity. These accounting policies conform to generally accepted accounting principles and have been consistently applied in the preparation of the financial statements. BASIS OF PRESENTATION The accompanying financial statements have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”). USE OF ESTIMATES The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the 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 expenses during the reporting periods. Actual results could differ from those estimates. EARNINGS PER SHARE The Company has adopted the Financial Accounting Standards Board (FASB) ASC Topic 260 regarding earnings / loss per share, which provides for calculation of “basic” and “diluted” earnings / loss per share. Basic earnings / loss per share includes no dilution and is computed by dividing net income / loss available to common shareholders by the weighted average common shares outstanding for the period. Diluted earnings / loss per share reflect the potential dilution of securities that could share in the earnings of an entity similar to fully diluted earnings / loss per share. There were no potentially dilutive instruments outstanding during the years ended December 31, 2016 and 2015. INCOME TAXES In accordance with ASC 740 - Income Taxes, the provision for income taxes is computed using the asset and liability method. The liability method measures deferred income taxes by applying enacted statutory rates in effect at the balance sheet date to the differences between the tax basis of assets and liabilities and their reported amounts on the financial statements. The resulting deferred tax assets or liabilities have been adjusted to reflect changes in tax laws as they occur. A valuation allowance is provided when it is more likely than not that a deferred tax asset will not be realized. The Company expects to recognize the financial statement benefit of an uncertain tax position only after considering the probability that a tax authority would sustain the position in an examination. For tax positions meeting a “more-likely-than-not” threshold, the amount to be recognized in the financial statements will be the benefit expected to be realized upon settlement with the tax authority. For tax positions not meeting the threshold, no financial statement benefit is recognized. As of December 31, 2016 and 2015, the Company had no uncertain tax positions. The Company recognizes interest and penalties, if any, related to uncertain tax positions as general and administrative expenses. The Company currently has no federal or state tax examinations nor has it had any federal or state examinations since its inception. To date, the Company has not incurred any interest or tax penalties. FINANCIAL INSTRUMENTS AND FAIR VALUE OF FINANCIAL INSTRUMENTS The Company applies the provisions of accounting guidance, FASB Topic ASC 825, Financial Instruments The Company defines fair value as the price that would be received to sell an asset or be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company applies the following fair value hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Level 1 — Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 — Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability. Level 3 — Level 3 inputs are unobservable inputs for the asset or liability in which there is little, if any, market activity for the asset or liability at the measurement date. Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of amounts due to related parties due to their related party nature. RELATED PARTIES A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party. IMPACT OF NEW ACCOUNTING STANDARDS In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842) In August 2016, the FASB issued ASU 2016-15, “ Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments GOING CONCERN The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company has suffered recurring losses and has working capital deficiency and negative operating cash flows. These matters, among others, raise substantial doubt about our ability to continue as a going concern. While the Company's cash position may not be significant enough to support the Company's daily operations, management intends to raise additional funds by way of equity and/or debt financing to fund operations. The financial statements do not include any adjustments that may result should the Company be unable to continue as a going concern.

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Note 3 . Capital Stock	At formation, the Company was authorized to issue 50,000,000 shares of $.001 par value common stock. On June 26, 2015, the Company filed an Information Statement (“The PRE 14C”) with the Securities and Exchange Commission (“SEC”), pursuant to Section 14C of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), notifying the holders of common stock, par value $0.001 per share, of the Company that on June 26, 2015, the Company received a written consent of shareholders holding in aggregate more than a majority of the total voting power of all issued and outstanding capital stock of the Company in lieu of a meeting of the shareholders, authorizing the following: · Changing the name of the Company from High Desert Assets, Inc. to New Asia Energy, Inc.; and · Increasing the Company's authorized common stock, par value $0.001 per share, from 250,000,000 shares to 500,000,000 shares and to increase of the Company's authorized preferred stock, par value $0.10 per share, from 1,000,000 shares to 10,000,000 shares (the “Preferred Stock Increase”). On July 7, 2015, the Company filed the final Form 14C with the SEC. On July 23, 2015, the Company filed Articles of Amendment to its Articles of Incorporation with the Colorado Secretary of State on the above changes. On July 29, 2015, the Financial Industry Regulatory Authority (FINRA) approved the Corporate Actions. The Company's stock is quoted on the OTCQB under the ticker symbol NAEI. On August 19, 2015, the Board of Directors of the Company approved a resolution acknowledging that Rock Capital Limited, the principal controlling shareholder of the Company at the time, (i) had been advancing all the funds to the Company since February 6, 2015 to pay for operating expenses of the Company ("Prior Advances") and (ii) would be required to advance an additional $250,000 to the Company to fund further operating expenses and investments of the Company (together with Prior Advances, "Advances"). The Board further resolved that these Advances would constitute an interest-free loan to the Company due on October 31, 2015. However, if the Company was unable to repay these Advances by such date, Rock Capital Limited, at its sole discretion, would have the option to extend the repayment deadline or convert all or a portion of the Advances into common stock at a conversion price of $0.02 per share. As of December 31, 2015, Rock Capital Limited, did not convert the Advances to common stock, and thus the Advances remained as an interest-free loan to the Company. On March 17, 2016, the Company repaid a total of $468,243 to Rock Capital Limited. On November 28, 2016, the Company entered into a Debt Settlement Agreement with Rock Capital Limited, pursuant to which both parties acknowledged that the advances to the Company as of that day, $102,420, were interest-free and due on the same day. The agreement also allows Rock Capital Limited to extend the repayment deadline or convert all or a portion of the advances into common stock of the Company at $0.00105 per share. On November 28, 2016, Rock Capital Limited elected to convert the $102,420 owed to it by the Company into shares of common Stock at the $0.00105 conversion price, resulting in the loss of debt extinguishment of $199,966 and issuance to Rock Capital Limited of 97,542,857 shares of common stock. On December 31, 2015, the Company went through a change of control of ownership when (i) the Company issued under Regulation S an aggregate of 285,750,001 shares of the Company's common stock to a total of 10 accredited foreign persons in exchange for the receipt of an aggregate of $300,000. (ii) Rock Capital Limited sold 14,250,000 of its shares of the Company's common stock to Platinum Starlight HK Limited in exchange for the receipt of an aggregate of $100,000, altogether representing approximately 91.8% of the issued and outstanding common stock of the Company. See Note 1 for more details.

LossPer Share

LossPer Share	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Note 4 . LossPer Share	The following table sets forth the computation of basic and diluted net loss per share: For the Years Ending December 31, 2016 2015 Net loss attributable to common stockholders $ (439,917 ) $ (169,442 ) Basic weighted average outstanding shares of common stock 335,760,147 40,218,659 Dilutive effects of common share equivalents - - Dilutive weighted average outstanding shares of common stock 335,760,147 40,218,659 Net loss per share of common stock - basic and diluted $ 0.00 $ 0.00

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Note 5 .Income Taxes	Deferred income taxes arise from the temporary differences between financial statement and income tax recognition of net operating losses. These loss carryovers are limited under the Internal Revenue Code should a significant change in ownership occur. The Company accounts for income taxes pursuant to ASC 740. The types of temporary differences between the tax basis of assets and their financial reporting amounts that give rise to a significant portion of the deferred assets and liabilities are as follows: December 31, 2016 December 31, 2015 Temporary Difference Tax Effect Temporary Difference Tax Effect Deferred tax assets: Net operating loss $ 847,308 $ 327,315 $ 407,391 $ 157,375 Valuation allowance (847,308 ) (327,315 ) (407,391 ) (157,375 ) Total deferred tax asset -0- -0- -0- -0- Deferred income taxes arise from the temporary differences between financial statement and income tax recognition of net operating losses. These loss carryovers are limited under the Internal Revenue Code should a significant change in ownership occur. At December 31, 2016 and December 31, 2015, the Company had approximately $847,308 and $407,391, respectively, in unused federal net operating loss carry-forwards, which begin to expire principally in the year 2029. A deferred tax asset at each date of approximately $327,315 and $157,375 resulting from the loss carry-forwards has been offset by a 100% valuation allowance. The following table reconciles the statutory U.S. federal income tax rate to the Company's effective income tax rate. For the year ended December 31, 2016 For the year ended December 31, 2015 U.S. Federal statutory rate 34 % 34 % State income tax rate (net of federal benefit) 4.63 % 4.63 % Changes in valuation allowance for DTA -38.63 % -38.63 % Effective income tax rate 0 % 0 %

Related Party Activity

Related Party Activity	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Note 6 . Related Party Activity	In the year ended December 31, 2015, Rock Capital Limited, a related party advanced the Company $471,283 for working capital purposes. Total advances through December 31, 2015 were $471,283. On March 17, 2016, the Company repaid a total of $468,243 to Rock Capital Limited. In the year ended December 31, 2016, the Company continued to borrow from Rock Capital Limited. Through November 28, 2016, the balance due to Rock Capital Limited was $102,420. These funds were an interest-free loan to the Company and were due and payable on November 28, 2016. On November 28, 2016, the Company entered into a Debt Settlement Agreement with Rock Capital Limited. The agreement provides that if the advanced funds are not repaid by November 28, 2016, Rock Capital Limited may, in its sole discretion, extend the repayment deadline or convert all or a portion of the advances into common stock of the Company, at a conversion price of $0.00105 per share. On the same day, Rock Capital Limited elected to convert the $102,420 owed by the Company into shares of common stock at the $0.00105 conversion price, resulting in the loss on debt extinguishment of $199,966 and the issuance to Rock Capital Limited of 97,542,857 shares of common stock. See Note 3 for more details. On April 1, 2016, the Company entered into an agreement with New Asia Momentum Pte Ltd, a Singapore private company owned and controlled by Lin Kok Peng, chairman of the Board and the Company’s Chief Executive Officer and Chief Financial Officer at the time, for leasing its office space for one year. The monthly rent is around $3,476. Since December 19, 2016, the new CEO Mr. Veng Kun LUN has been funding the Company for its routine operating expenditures. He has advanced to the Company $1,130 as of December 31, 2016.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Note 7 .Commitments and Contingencies	On June 9, 2016, Sharon Morrison and Morrison Enterprises ("Plaintiffs") filed a lawsuit ("Complaint") in the Circuit Court of The Seventeenth Judicial Circuit In And For Broward County, Florida, naming Univest Tech Inc. (now known as New Asia Energy Inc. ("NAEI"), which is the Company's current name) as a defendant as well as naming other defendants (including, but not limited to, Manminderjit ("Manny") Singh, Esq., a Florida attorney, Luke Zouvas, Esq., a California attorney, and Zouvas Law Group, P.C. ("ZLG"), which is the law practice corporation owned by Mr. Zouvas) (collectively, "Defendants"). According to the Complaint, on March 24, 2014, (prior to the Change in Control), Manny Singh, Esq., allegedly emailed Ms. Morrison offering to sell her 5,000 shares in an investment opportunity he called "Chino Valley Arizona." Allegedly, Ms. Morrison wired $10,000 in U.S. funds the next day to Luke Zouvas, Esq.'s trust account maintained by ZLG. The wire instructions stated "For Chino Valley Arizona 5000.00 Shares." On September 10, 2014, Ms. Morrison allegedly received an email from an employee of ZLG that had attached to it a September 9, 2014, letter signed by Manny Sing, Esq., transmitting a Stock Purchase Agreement that offered to sell Ms. Morrison, personally, 10,000 shares of Univest Tech Inc. (now NAEI) through a private resale of shares of capital stock purportedly held by Sandman Holdings Corp. which allegedly was a record or beneficial owner of Univest Tech, Inc., (now NAEI) stock at the time. Plaintiffs allege that they did not sign the Stock Purchase Agreement with Sandman Holdings Corp. and did not receive any shares of the capital stock of Univest Tech, Inc., (now NAEI). Plaintiffs are seeking $10,000 U.S. in damages from Defendants Manny Singh, Esq., ZLG, and Luke Zouvas, Esq., related to the Chino Valley Investment Opportunity based on various causes of action solely alleged against Defendants Manny Singh, Esq., ZLG, and Luke Zouvas, Esq. Although Plaintiffs have named Univest Tech, Inc., (now NAEI) as a party defendant in the Complaint, the Plaintiffs have not alleged any causes of action against Univest Tech, Inc. (now NAEI) for damages or to enforce or set aside the unsigned Stock Purchase Agreement for Sandman Holdings' stock in Univest Tech, Inc., (now NAEI). Because Univest Tech, Inc., (now NAEI) has only been named in the lawsuit without seeking any damages from the Company, an estimate of the potential loss, or range of loss, if any, to the Company relating to these proceedings is not possible at this time. Although, if Plaintiffs amended the Complaint to state a cause of action for damages against Univest Tech, Inc., (now NAEI), then, based on the Plaintiffs' present allegations, such a claim for damages would be for the same $10,000 U.S. in damage Plaintiffs are seeking against Defendants Manny Sing, Esq., ZLG, and Luke Zouvas, Esq. Based on the allegations of the Complaint, the Company is of the opinion that it should not have been named as a party-defendant to the proceedings just as Jaitegh Singh, Esq. (Manny Singh's son and the Company's principal shareholder in 2014) was not named as a party-defendant. There are no allegations that the Company was involved in offering or selling (i) the Chino Valley Investment Opportunity, (ii) the Stock Purchase Agreement with Sandman Holdings Corp. (which is not named as a party-defendant) or (iii) any other shares of the Company. The Company has enlisted a Florida counsel to obtain the dismissal of the Complaint against the Company. The Company is vigorously defending itself in the litigation. The Company's Florida counsel has filed a Motion to Dismiss for Lack of Jurisdiction seeking dismissal of the lawsuit on the grounds that the Florida Court lacks jurisdiction over the Company. In early October 2016, the Company's Florida counsel has also served a Motion for Sanctions Pursuant to Section 57.105 of the Florida Statutes (the "57.105 Motion") requesting that the Plaintiffs voluntarily dismiss the Company within 21 days or be subject to sanctions for continuing to pursue the lawsuit. Plaintiffs did not drop the Company from the law suit within 21 days or thereafter. Therefore, the Company’s Florida counsel filed the 57.105 Motion. In order to keep their case from being dismiss for failure to allege any claim or cause of action against Univest Tech, Inc. (now NAEI), Plaintiffs amended their original complaint by filing an Amended Complaint making allegations against Univest Tech, Inc. (now NAEI). After receiving Plaintiffs’ Amended Complaint, the Company filed another motion to dismiss on the grounds of a lack of jurisdiction and for an inconsistency in the pleadings. Plaintiffs changed no allegations from the original complaint about where it sent the $10,000 or who might have or did receive those funds. Without any allegations being made as to how Univest Tech, Inc. (now NAEI) would have converted Plaintiffs’ funds to the Company’s own use or any allegation that Univest Tech, Inc. (now NAEI) ever received any of Plaintiffs’ funds, Plaintiffs brought two counts in the Amended Complaint against Univest Tech, Inc. (now NAEI), one for conversion and the other for unjust enrichment. These claims are deficient because of the failure to allege that Univest Tech, Inc. (now NAEI) actually ever received and had dominion or control over the Plaintiffs’ funds. Although Plaintiffs have alleged causes of action against other defendants that could exceed $10,000, Plaintiffs have only alleged a cause of action against NAEI that could result in a $10,000 judgment against Plaintiffs which is outside the jurisdiction of the Florida Circuit Court because it can only consider cases with damages in excess of $15,000. Therefore, in addition to the other basis for dismissal for lack of jurisdiction, NAEI could be dismissed for want of the Circuit Court’s jurisdiction. As such, the Company’s motion to dismiss the Amended Complaint still alleges a lack of any basis to have sued Univest Tech, Inc. (now NAEI) as well as a lack of any jurisdiction over Univest Tech, Inc. (now NAEI). The Company also included in that motion a claim that Plaintiffs have acted in Bad Faith in suing Univest (now NAEI) and should be sanctioned for having done so by an award of attorney’s fees and costs against Plaintiffs and their counsel for having sued Univest Tech, Inc. (now NAEI) in the Amended Complaint. While the Company is of the opinion that NAEI will ultimately be dismissed from the action, the Company cannot assure that result under any circumstance. On April 1, 2016, the Company entered into an agreement with New Asia Momentum Pte Ltd. to lease its office space for one year. The monthly rent is around $3,476. See Note 6 for more details. For the years ended December 31, 2016 and 2015, the rental expense is $37,284 and $0, respectively. As of December 31, 2016, future minimum lease commitments under the non-cancellable lease was $10,428 in 2017.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Note 8 . Subsequent Events	Starting from January 1, 2017, the Company uses an office space from New Asia Energy Consultants Sdn Bhd for free. New Asia Energy Consultants Sdn Bhd was founded by Poh Kee Liew, Chief Financial Officer of the Company, and another third party individual. The Company is currently planning to acquire New Asia Energy Consultants Sdn Bhd.

Organization and Summary of S15

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Organization And Summary Of Significant Accounting Policies Policies
ORGANIZATION	New Asia Energy, Inc. (formerly known as High Desert Assets, Inc. and previously known as Univest Tech, Inc, (the "Company"), was incorporated in the State of Colorado on November 6, 2007. The Company was originally formed to develop and market music based on technology solutions. In February 2015, the Company underwent a change in control, and management adopted a new business plan based on the development of a "Pure Play" Renewable/Alternative/Distributed Energy Technology Solutions and Wastes to Resources and Energy platforms. On February 6, 2015, the Company entered into Stock Purchase Agreements with two U.S. accredited investors, Scott C. Kline and Jose A. Capote, the Secretary and Chief Technical Officer of the Company at the time, respectively, and two foreign investors, including Rock Capital Limited, the new majority owner of the Company, pursuant to which the Company issued an aggregate of 17,446,673 shares of common stock, or approximately 42.3% of the issued and outstanding common stock of the Company, at an aggregate purchase price of approximately $17,446. The sales of common stock were made following the acquisition by Rock Capital Limited. On February 6, 2015 (the “Closing Date”), Rock Capital Limited acquired 14,250,000 shares of common stock of the Company, representing approximately 34.7% of the issued and outstanding shares of common stock of the Company as of the Closing Date, from Jaitegh Singh, the previous majority shareholder of the Company. On the same date, Rock Capital Limited also acquired an additional 1,565,450 shares of common stock from several minority holders, including Loro Verde Investments, representing approximately 3.8% of the issued and outstanding shares of common stock of the Company. As a result of the foregoing, as of the February 6, 2015, Rock Capital Limited acquired common stock representing approximately 76% of the issued and outstanding shares of common stock of the Company. On July 23, 2015, the Company filed Articles of Amendment to its Articles of Incorporation with the Colorado Secretary of State to change the name of the Company from High Desert Assets, Inc. to New Asia Energy, Inc. On July 29, 2015, the Financial Industry Regulatory Authority (FINRA) approved the change. On December 31, 2015, the Company went through a change of control of ownership when (i) the Company issued under Regulation S an aggregate of 285,750,001 shares of the Company's common stock to a total of 10 accredited foreign persons in exchange for the receipt of an aggregate of $300,000, including, but not limited to, Rong Yi Rong (Beijing) Asset Management Limited (167,995,350 shares), Platinum Starlight HK Limited (15,176,877 shares), Beijing Run Zheng Technology Development Limited (27,297,224 shares), and Million Leader HK Limited (27,297,224 shares), and (ii) Rock Capital Limited sold 14,250,000 of its shares of the Company's common stock to Platinum Starlight HK Limited in exchange for the receipt of an aggregate of $100,000, altogether representing approximately 91.8% of the issued and outstanding common stock of the Company. The Company received $269,435 as of December 31, 2015. The remaining amount of $30,566 was received after the year end. On December 19, 2016, Lin Kok Peng, chairman of the Board and the Company's Chief Executive Officer and Chief Financial Officer, Allister Lim Wee Sing, director of the Company, and Jose Capote, secretary of the Company, resigned from the Board and their positions as Company officers. On the same day, the Board named Mr. Veng Kun Lun and Mr. Poh Kee Liew as new directors. Mr. Veng Kun Lun was also named to be the Chief Executive Officer and secretary of the Company, and Mr. Poh Kee Liew was named as Chief Financial Officer of the Company. In November 2016, Rock Capital Limited transferred part of the Company’s common stock to individuals, and converted debt of $102,420 to 97,542,857 shares of the Company’s common stock. As of December 31, 2016, Rock Capital Limited remained as the largest shareholder of the Company.

Summary Significant Accountin16

Summary Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Summary Significant Accounting Policies Policies
Basic of Presentation	The accompanying financial statements have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”).
USE OF ESTIMATES	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the 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 expenses during the reporting periods. Actual results could differ from those estimates.
EARNINGS PER SHARE	The Company has adopted the Financial Accounting Standards Board (FASB) ASC Topic 260 regarding earnings / loss per share, which provides for calculation of basic” and “diluted” earnings / loss per share. Basic earnings / loss per share includes no dilution and is computed by dividing net income / loss available to common shareholders by the weighted average common shares outstanding for the period. Diluted earnings / loss per share reflect the potential dilution of securities that could share in the earnings of an entity similar to fully diluted earnings / loss per share. There were no potentially dilutive instruments outstanding during the years ended December 31, 2016 and 2015.
INCOME TAXES	In accordance with ASC 740 - Income Taxes, the provision for income taxes is computed using the asset and liability method. The liability method measures deferred income taxes by applying enacted statutory rates in effect at the balance sheet date to the differences between the tax basis of assets and liabilities and their reported amounts on the financial statements. The resulting deferred tax assets or liabilities have been adjusted to reflect changes in tax laws as they occur. A valuation allowance is provided when it is more likely than not that a deferred tax asset will not be realized. The Company expects to recognize the financial statement benefit of an uncertain tax position only after considering the probability that a tax authority would sustain the position in an examination. For tax positions meeting a “more-likely-than-not” threshold, the amount to be recognized in the financial statements will be the benefit expected to be realized upon settlement with the tax authority. For tax positions not meeting the threshold, no financial statement benefit is recognized. As of December 31, 2016 and 2015, the Company had no uncertain tax positions. The Company recognizes interest and penalties, if any, related to uncertain tax positions as general and administrative expenses. The Company currently has no federal or state tax examinations nor has it had any federal or state examinations since its inception. To date, the Company has not incurred any interest or tax penalties.
FINANCIAL INSTRUMENTS AND FAIR VALUE OF FINANCIAL INSTRUMENTS	The Company applies the provisions of accounting guidance, FASB Topic ASC 825, Financial Instruments The Company defines fair value as the price that would be received to sell an asset or be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company applies the following fair value hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Level 1 — Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 — Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability. Level 3 — Level 3 inputs are unobservable inputs for the asset or liability in which there is little, if any, market activity for the asset or liability at the measurement date. Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of amounts due to related parties due to their related party nature.
RELATED PARTIES	A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.
IMPACT OF NEW ACCOUNTING STANDARDS	In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842) In August 2016, the FASB issued ASU 2016-15, “ Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments
GOING CONCERN	The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company has suffered recurring losses and has working capital deficiency and negative operating cash flows. These matters, among others, raise substantial doubt about our ability to continue as a going concern. While the Company's cash position may not be significant enough to support the Company's daily operations, management intends to raise additional funds by way of equity and/or debt financing to fund operations. The financial statements do not include any adjustments that may result should the Company be unable to continue as a going concern.

LossPer Share (Tables)

LossPer Share (Tables)	12 Months Ended
	Dec. 31, 2016
Lossper Share Tables
Computation of Basic and Diluted net income per share	The following table sets forth the computation of basic and diluted net loss per share: For the Years Ending December 31, 2016 2015 Net loss attributable to common stockholders $ (439,917 ) $ (169,442 ) Basic weighted average outstanding shares of common stock 335,760,147 40,218,659 Dilutive effects of common share equivalents - - Dilutive weighted average outstanding shares of common stock 335,760,147 40,218,659 Net loss per share of common stock - basic and diluted $ 0.00 $ 0.00

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Taxes Tables
Deferred Assets and Liabilities	The types of temporary differences between the tax basis of assets and their financial reporting amounts that give rise to a significant portion of the deferred assets and liabilities are as follows: December 31, 2016 December 31, 2015 Temporary Difference Tax Effect Temporary Difference Tax Effect Deferred tax assets: Net operating loss $ 847,308 $ 327,315 $ 407,391 $ 157,375 Valuation allowance (847,308 ) (327,315 ) (407,391 ) (157,375 ) Total deferred tax asset -0- -0- -0- -0-
Reconciles federal income tax	The following table reconciles the statutory U.S. federal income tax rate to the Company's effective income tax rate. For the year ended December 31, 2016 For the year ended December 31, 2015 U.S. Federal statutory rate 34 % 34 % State income tax rate (net of federal benefit) 4.63 % 4.63 % Changes in valuation allowance for DTA -38.63 % -38.63 % Effective income tax rate 0 % 0 %

Organization and Summary of S19

Organization and Summary of Significant Accounting Policies (Details Narrative)	Feb. 06, 2015USD ($)Numbershares	Nov. 30, 2016USD ($)shares	Dec. 31, 2015USD ($)Numbershares	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
State of incorporation				Colorado
Date of incorporation				Nov. 6, 2007
Proceeds from issuance of common stock | $				$ 30,566	$ 269,435
Regulation S [Member]
Common stock shares issued			285,750,001
Number of foreign investors | Number			10
Proceeds from issuance of common stock | $			$ 300,000
Regulation S [Member] | Platinum Starlight [Member]
Common stock shares issued			15,176,877
Common stock shares issued, percentage of equity			91.80%		91.80%
Proceeds from issuance of common stock | $			$ 100,000
Regulation S [Member] | Rock capital limited [Member]
Common stock shares issued			14,250,000
Regulation S [Member] | Million Leader [Member]
Common stock shares issued			27,297,224
Regulation S [Member] | Beijing Run Zheng [Member]
Common stock shares issued			27,297,224
Regulation S [Member] | Rong Yi Rong [Member]
Common stock shares issued			167,995,350
Rock capital limited [Member]
Common stock shares issued, percentage of equity	76.00%
Debt conversion converted amount | $		$ 102,420
Debt conversion converted shares		97,542,857
Rock capital limited [Member] | Company [Member]
Common stock shares issued	14,250,000
Common stock shares issued, percentage of equity	34.70%
Rock capital limited [Member] | Minority holders [Member]
Common stock shares issued	1,565,450
Common stock shares issued, percentage of equity	3.80%
Stock purchase agreements [Member]
Common stock shares issued	17,446,673
Common stock shares issued, percentage of equity	42.30%
Number of accredited investors | Number	2
Number of foreign investors | Number	2
Proceeds from issuance of common stock | $	$ 17,446

Capital Stock (Details Narrativ

Capital Stock (Details Narrative)	1 Months Ended				12 Months Ended
	Nov. 30, 2016USD ($)shares	Nov. 28, 2016USD ($)$ / sharesshares	Mar. 17, 2016USD ($)	Dec. 31, 2015USD ($)Number$ / sharesshares	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	Aug. 19, 2015USD ($)$ / shares	Jun. 26, 2015$ / sharesshares	Feb. 06, 2015
Common stock, par value | $ / shares				$ 0.001	$ 0.001	$ 0.001		$ 0.001
Common stock, authorized shares | shares				500,000,000	500,000,000	500,000,000		250,000,000
Preferred stock, par value | $ / shares				$ 0.10	$ 0.10	$ 0.10		$ 0.10
Preferred stock, authorized shares | shares				10,000,000	10,000,000	10,000,000		1,000,000
Proceeds from issuance of common stock					$ 30,566	$ 269,435
Loss (gain) on debt extinguishment					(199,966)	10,000
Due to relate party				$ 471,283	$ 1,130	471,283
Rock capital limited [Member]
Common stock shares issued, percentage of equity									76.00%
Debt conversion converted amount	$ 102,420
Short term borrowing							$ 250,000
Conversion price | $ / shares							$ 0.02
Debt conversion converted instrument shares issued | shares	97,542,857
Repayments of debt			$ 468,243
Due to relate party				$ 471,283		$ 471,283
Regulation S [Member]
Common stock shares issued | shares				285,750,001
Number of foreign investors | Number				10
Proceeds from issuance of common stock				$ 300,000
Regulation S [Member] | Rock capital limited [Member]
Common stock shares issued | shares				14,250,000
Regulation S [Member] | Platinum Starlight [Member]
Common stock shares issued | shares				15,176,877
Common stock shares issued, percentage of equity				91.80%		91.80%
Proceeds from issuance of common stock				$ 100,000
Debt Settlement Agreement [Member] | Rock capital limited [Member]
Debt conversion converted amount		$ 102,420
Conversion price | $ / shares		$ 0.00105
Debt conversion converted instrument shares issued | shares		97,542,857
Loss (gain) on debt extinguishment		$ 199,966
Due to relate party		$ 102,420
Terms of conversion feature		The agreement provides that if the advanced funds are not repaid by November 28, 3016, Rock Capital Limited may, in its sole discretion, extend the repayment deadline or convert all or a portion of the advances into common stock of the Company, par value $0.001 per share (the “Common Stock”) at a conversion price of $0.00105 per share

LossPer Share (Details)

LossPer Share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Computation of basic and diluted net income per share:
Net loss attributable to common stockholders	$ (439,917)	$ (169,442)
Basic weighted average outstanding shares of common stock	335,760,147	40,218,659
Dilutive effects of common share equivalents
Dilutive weighted average outstanding shares of common stock	335,760,147	40,218,659
Net loss per share of common stock - basic and diluted	$ 0	$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Net operating loss, Temporary difference	$ 847,308	$ 407,391
Net operating loss, Tax effect	327,315	157,375
Valuation allowance, Temporary difference	(847,308)	(407,391)
Valuation allowance, Tax effect	(327,315)	(157,375)
Total deferred tax asset, Temporary difference	0	0
Total deferred tax asset, Tax effect	$ 0	$ 0

Income Taxes (Details 1)

Income Taxes (Details 1)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes Details 1
U.S. Federal statutory rate	34.00%	34.00%
State income tax rate (net of federal benefit)	4.63%	4.63%
Changes in valuation allowance for DTA	(38.63%)	(38.63%)
Effective income tax rate	0.00%	0.00%

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes Details Narrative
Federal net operating loss carry-forwards	$ 847,308	$ 407,391
Expiration period	Begin to expire principally in the year 2029.	Begin to expire principally in the year 2030
Deferred tax assets	$ 327,315	$ 157,375
Valuation allowance, offset percentage	100.00%	100.00%

Related Party Activity (Details

Related Party Activity (Details Narrative) - USD ($)	1 Months Ended				12 Months Ended
	Nov. 30, 2016	Nov. 28, 2016	Apr. 01, 2016	Mar. 17, 2016	Dec. 31, 2016	Dec. 31, 2015	Aug. 19, 2015
Due To Related Party					$ 1,130	$ 471,283
Loss (gain) on debt extinguishment					(199,966)	10,000
Rock capital limited [Member]
Due To Related Party						$ 471,283
Repayment of debt				$ 468,243
Debt conversion converted amount	$ 102,420
Conversion price							$ 0.02
Debt conversion converted instrument shares issued	97,542,857
New Asia Momentum Pte Ltd [Member]
Operating lease monthly rent			$ 3,476
Debt Settlement Agreement [Member] | Rock capital limited [Member]
Due To Related Party		$ 102,420
Debt conversion converted amount		$ 102,420
Terms of conversion feature		The agreement provides that if the advanced funds are not repaid by November 28, 3016, Rock Capital Limited may, in its sole discretion, extend the repayment deadline or convert all or a portion of the advances into common stock of the Company, par value $0.001 per share (the “Common Stock”) at a conversion price of $0.00105 per share
Conversion price		$ 0.00105
Debt conversion converted instrument shares issued		97,542,857
Loss (gain) on debt extinguishment		$ 199,966
CEO, Mr. Veng Kun LUN [Member]
Due To Related Party					$ 1,130

Commitments and Contingencies _

Commitments and Contingencies [Details Narrative] - USD ($)	1 Months Ended	12 Months Ended
	Apr. 01, 2016	Dec. 31, 2016	Dec. 31, 2015
Name of the plaintiff		Sharon Morrison
Filing date		June 9, 2016
Amount of damages sought		$ 10,000
Damages sought, Shares		5,000
Rent expense		$ 37,284	$ 0
Future minimum lease 2017		$ 10,428
New Asia Momentum Pte Ltd [Member]
Operating lease monthly rent	$ 3,476