Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2023 | Dec. 28, 2023 | |
Details | ||
Registrant CIK | 0001485029 | |
Fiscal Year End | --12-31 | |
Registrant Name | NEW ASIA HOLDINGS, INC. | |
SEC Form | 10-Q | |
Period End date | Sep. 30, 2023 | |
Tax Identification Number (TIN) | 45-0460095 | |
Number of common stock shares outstanding | 75,288,667 | |
Filer Category | Non-accelerated Filer | |
Current with reporting | Yes | |
Interactive Data Current | Yes | |
Shell Company | false | |
Small Business | true | |
Emerging Growth Company | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 000-55410 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 80 Tras Street | |
Entity Address, Address Line Two | #01-03 | |
Entity Address, Country | SG | |
Entity Address, City or Town | Singapore | |
Entity Address, Postal Zip Code | 079019 | |
Country Region | 65 | |
City Area Code | 6820 | |
Local Phone Number | 8885 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q3 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) | Sep. 30, 2023 | Dec. 31, 2022 |
Current Assets | ||
Cash | $ 20,626 | $ 9,833 |
Prepaid Expense | 2,370 | 13,035 |
Total Current Assets | 22,996 | 22,868 |
Other Assets | ||
Deposit | 195 | 195 |
Total Other Assets | 195 | 195 |
TOTAL ASSETS | 23,191 | 23,063 |
Current Liabilities | ||
Accounts Payable and Accrued Liabilities | 307,615 | 248,797 |
Advance From Shareholder | 1,009,704 | 945,704 |
Total Current Liabilities | 1,317,319 | 1,194,501 |
Total Liabilities | 1,317,319 | 1,194,501 |
Stockholders' Deficit | ||
Preferred Stock, $0.001 par value, 400,000,000 shares authorized, 0 shares issued and outstanding | 0 | 0 |
Common Stock, $0.001 par value, 4,000,000,000 shares authorized, 75,288,667 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively | 75,289 | 75,289 |
Additional Paid In Capital | 11,416,188 | 11,399,713 |
Accumulated Deficit | (12,785,049) | (12,646,034) |
Accumulated Other Comprehensive Loss | (556) | (406) |
Total Stockholders' Deficit | (1,294,128) | (1,171,438) |
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT | $ 23,191 | $ 23,063 |
CONSOLIDATED BALANCE SHEETS - P
CONSOLIDATED BALANCE SHEETS - Parenthetical - $ / shares | Sep. 30, 2023 | Dec. 31, 2022 |
CONSOLIDATED BALANCE SHEETS | ||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Authorized | 400,000,000 | 400,000,000 |
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 | 4,000,000,000 | 4,000,000,000 |
Common Stock, Shares, Issued | 75,288,667 | 75,288,667 |
Common Stock, Shares, Outstanding | 75,288,667 | 75,288,667 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE LOSS - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE LOSS | ||||
Gross profit | $ 0 | $ 0 | $ 0 | $ 0 |
Operating expenses | ||||
Professional fees | 9,831 | 6,569 | 62,470 | 39,939 |
Outside service | 8,400 | 9,700 | 25,200 | 26,500 |
General and Administrative expenses | 18,577 | 16,500 | 51,345 | 54,735 |
Total operating expense | 36,808 | 32,769 | 139,015 | 121,174 |
Loss from operations | (36,808) | (32,769) | (139,015) | (121,174) |
Loss before income taxes | (36,808) | (32,769) | (139,015) | (121,174) |
Provision for income taxes | 0 | 0 | 0 | 0 |
Net Loss | (36,808) | (32,769) | (139,015) | (121,174) |
Foreign Currency translation income (loss) | (81) | 998 | (150) | (275) |
Total Other Comprehensive loss | $ (36,889) | $ (31,771) | $ (139,165) | $ (121,449) |
Net Loss per common share-basic and fully diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average common shares outstanding-basic and diluted | 75,288,667 | 75,288,667 | 75,288,667 | 75,288,667 |
CONSOLIDATED STATEMENTS OF SHAR
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' DEFICIT - USD ($) | Common Stock | Additional Paid-in Capital | Retained Earnings | AOCI Attributable to Parent | Total |
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2021 | $ 75,289 | $ 11,399,713 | $ (12,491,964) | $ (229) | $ (1,017,191) |
Shares, Outstanding, Beginning Balance at Dec. 31, 2021 | 75,288,667 | ||||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax | (11) | (11) | |||
Net Income (Loss) Attributable to Parent | (46,606) | (46,606) | |||
Equity, Attributable to Parent, Ending Balance at Mar. 31, 2022 | $ 75,289 | 11,399,713 | (12,538,570) | (240) | (1,063,808) |
Shares, Outstanding, Ending Balance at Mar. 31, 2022 | 75,288,667 | ||||
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2021 | $ 75,289 | 11,399,713 | (12,491,964) | (229) | (1,017,191) |
Shares, Outstanding, Beginning Balance at Dec. 31, 2021 | 75,288,667 | ||||
Equity, Attributable to Parent, Ending Balance at Sep. 30, 2022 | $ 75,289 | 11,399,713 | (12,613,138) | (504) | (1,138,640) |
Shares, Outstanding, Ending Balance at Sep. 30, 2022 | 75,288,667 | ||||
Settlement of liabilities with a related party | 0 | ||||
Equity, Attributable to Parent, Beginning Balance at Mar. 31, 2022 | $ 75,289 | 11,399,713 | (12,538,570) | (240) | (1,063,808) |
Shares, Outstanding, Beginning Balance at Mar. 31, 2022 | 75,288,667 | ||||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax | (1,262) | (1,262) | |||
Net Income (Loss) Attributable to Parent | (41,799) | (41,799) | |||
Equity, Attributable to Parent, Ending Balance at Jun. 30, 2022 | $ 75,289 | 11,399,713 | (12,580,369) | (1,502) | (1,106,869) |
Shares, Outstanding, Ending Balance at Jun. 30, 2022 | 75,288,667 | ||||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax | 998 | 998 | |||
Net Income (Loss) Attributable to Parent | (32,769) | (32,769) | |||
Equity, Attributable to Parent, Ending Balance at Sep. 30, 2022 | $ 75,289 | 11,399,713 | (12,613,138) | (504) | (1,138,640) |
Shares, Outstanding, Ending Balance at Sep. 30, 2022 | 75,288,667 | ||||
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2022 | $ 75,289 | 11,399,713 | (12,646,034) | (406) | (1,171,438) |
Shares, Outstanding, Beginning Balance at Dec. 31, 2022 | 75,288,667 | ||||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax | 44 | 44 | |||
Net Income (Loss) Attributable to Parent | (57,150) | (57,150) | |||
Equity, Attributable to Parent, Ending Balance at Mar. 31, 2023 | $ 75,289 | 11,416,188 | (12,703,184) | (362) | (1,212,069) |
Shares, Outstanding, Ending Balance at Mar. 31, 2023 | 75,288,667 | ||||
Settlement of liabilities with a related party | 16,475 | 16,475 | |||
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2022 | $ 75,289 | 11,399,713 | (12,646,034) | (406) | (1,171,438) |
Shares, Outstanding, Beginning Balance at Dec. 31, 2022 | 75,288,667 | ||||
Equity, Attributable to Parent, Ending Balance at Sep. 30, 2023 | $ 75,289 | 11,416,188 | (12,785,049) | (556) | (1,294,128) |
Shares, Outstanding, Ending Balance at Sep. 30, 2023 | 75,288,667 | ||||
Settlement of liabilities with a related party | 16,475 | ||||
Equity, Attributable to Parent, Beginning Balance at Mar. 31, 2023 | $ 75,289 | 11,416,188 | (12,703,184) | (362) | (1,212,069) |
Shares, Outstanding, Beginning Balance at Mar. 31, 2023 | 75,288,667 | ||||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax | (113) | (113) | |||
Net Income (Loss) Attributable to Parent | (45,057) | (45,057) | |||
Equity, Attributable to Parent, Ending Balance at Jun. 30, 2023 | $ 75,289 | 11,416,188 | (12,748,241) | (475) | (1,257,239) |
Shares, Outstanding, Ending Balance at Jun. 30, 2023 | 75,288,667 | ||||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax | (81) | (81) | |||
Net Income (Loss) Attributable to Parent | (36,808) | (36,808) | |||
Equity, Attributable to Parent, Ending Balance at Sep. 30, 2023 | $ 75,289 | $ 11,416,188 | $ (12,785,049) | $ (556) | $ (1,294,128) |
Shares, Outstanding, Ending Balance at Sep. 30, 2023 | 75,288,667 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Cash flows from operating activities | ||
Net Loss | $ (139,015) | $ (121,174) |
Changes in operating assets and liabilities | ||
Prepaid expenses | 10,665 | 11,800 |
Accounts payable and Accrued liabilities | 75,293 | 62,617 |
Net cash used in operating activities | (53,057) | (46,757) |
Cash flows from financing activities | ||
Repayment to Shareholder | 0 | (3,248) |
Advance from Shareholder | 64,000 | 8,000 |
Net cash provided by (used in) financing activities | 64,000 | 4,752 |
Effect of exchange rate on cash | (150) | (275) |
Net increase (decrease) in cash | 10,793 | (42,280) |
Cash at beginning of period | 9,833 | 57,888 |
Cash at end of period | 20,626 | 15,608 |
Supplemental disclosure of cash flow information | ||
Interest paid | 0 | 0 |
Taxes paid | 800 | 800 |
Non-cash transaction | ||
Settlement of liabilities with a related party | $ 16,475 | $ 0 |
Note 1_ Organization and Summar
Note 1: Organization and Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2023 | |
Notes | |
Note 1: Organization and Summary of Significant Accounting Policies | Note 1: Organization and Summary of Significant Accounting Policies Organization New Asia Holdings, Inc. (previously known as DM Products, Inc., Midwest E.S.W.T. Corp, and Effective Sport Nutrition Corporation) (the “Company,” “we” or “our”) was incorporated in the State of Nevada on March 1, 2001. In December 2014, the Company underwent a change in control where approximately 90% of the issued and outstanding shares of common stock of the Company were acquired by New Asia Holdings, Ltd. (wholly owned by Lin Kok Peng, Ph.D., the Company’s Chief Executive Officer, Chief Financial Officer and Chairman of the Board) (“NAHL”). As a result, Lin Kok Peng is the effective principal stockholder of the Company. We offer trading software solutions to clients on the basis of a “Software as a Service (SaaS)” licensing and delivery model with licensed users availing themselves of service-based contractual arrangements. In addition, and consistent with the requirements of the United States federal securities laws, we may utilize our in-house proprietary neural trading models to trade our own funds, thus providing added value to our shareholders. Algorithms were placed into commercial operation in November 2015 upon the execution of a Software Licensing Agreement for the deployment of the proprietary trainable, trading algorithms of Magdallen Quant Pte. Ltd. (“MQL”), with New Asia Momentum Limited (“NAML”), a company owned and controlled by NAHD’s Chairman and CEO, Dr. Lin Kok Peng. Under the terms of the Software License Agreement, NAML agreed to pay MQL a license fee and certain other fixed and time and materials fees. In 2019, Momentum assets under management (“AUM”) were returned to its investors by NAML. As a result of poor performance by the Company’s algorithms, over the last several quarters the Company has been focusing on developing new business opportunities, including exploring potential new technology solutions and/or acquisition. In February 2023, the Company officially dissolved Magdallen Quant Pte Ltd and the License Agreement with NAML has been also terminated. Basis of Presentation The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules of the Securities and Exchange Commission (the “SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Report on Form 10-K as filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Annual Report on Form 10-K for the most recent fiscal year, as filed with the SEC on May 15, 2023, have been omitted. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. We considered the potential impact of the COVID-19 pandemic on our estimates and assumptions and there was not a material impact to our unaudited consolidated financial statements as of and for the three and nine months ended September 30, 2023; however, actual results could differ from those estimates and there may be changes to our estimates in future periods. |
Note 2_ Going Concern
Note 2: Going Concern | 9 Months Ended |
Sep. 30, 2023 | |
Notes | |
Note 2: Going Concern | Note 2: Going Concern The accompanying unaudited interim consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has sustained substantial losses, has a working capital deficit and is in need of additional capital to grow its operations so that it can become profitable. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. In view of these matters, the ability of the Company to continue as a going concern is dependent upon growth of revenues and the ability of the Company to raise additional capital. The unaudited interim consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. |
Note 3_ Common Stock
Note 3: Common Stock | 9 Months Ended |
Sep. 30, 2023 | |
Notes | |
Note 3: Common Stock | Note 3: Common Stock As of September 30, 2023, Lin Kok Peng, the Company’s principal shareholder, had not yet acted to exercise its option to convert advances from him to shares of common stock. Accordingly, as of September30, 2023 and December 31, 2022, the advances remain as an interest-free loan to the Company. See Note 4. |
Note4_ Convertible Advances fro
Note4: Convertible Advances from Shareholder and Other Related Party Transactions | 9 Months Ended |
Sep. 30, 2023 | |
Notes | |
Note4: Convertible Advances from Shareholder and Other Related Party Transactions | Note 4: Convertible Advances from Shareholder and Other Related Party Transactions During the nine months ended September 30, 2023, and 2022, Lin Kok Peng, the Company’s principal shareholder, advanced an aggregate of $64,000 and $8,000 to the Company respectively. The total advances due to Lin Kok Peng amounted to $1,009,704 and $945,704 as of September 30, 2023 and December 31, 2022, respectively. As of September 30, 2023 and December 31, 2022, the advances constitute unsecured interest-free loans to the Company. On August 14, 2020, the Company signed an Agreement with NAHL. Pursuant to the terms of the Agreement, all funds advanced to the Company by NAHL up to August 14, 2020 (the “Prior Advances”) will continue to constitute an interest-free loan to the Company, which was due and payable by the Company to NAHL on or before September 15, 2020 (the “Prior Advance Repayment Date”, which may be extended as set forth below). If the Company does not repay the Prior Advances by the Prior Advance Repayment Date, NAHL, at its sole discretion, will have the option to extend the Prior Advance Repayment Date or convert all or a portion of the Prior Advances into Common Stock at a conversion price of $0.003 per share (the “Prior Advance Conversion Price”), subject to adjustment as set forth in the Agreement. NAHL’s election to extend the Prior Advance Repayment Date or to convert the Prior Advances into Common Stock shall be made on the first business day following the Prior Advance Repayment Date. The Parties acknowledge and agree that the Prior Advances shall not be convertible into common stock prior to the Prior Advance Repayment Date. Following August 14, 2020, NAHL will endeavor, on a best efforts’ basis, to continue to advance operating funds to the Company as may be required and requested by the Company for its operations, for a period of at least through December 31, 2020 (such additional advances, as funded, the “Additional Advances” and, together with the Prior Advances, the “Advances”). Any such Additional Advances were due and payable by the Company to NAHL on or before January 31, 2021 (the “Additional Advance Repayment Date”, which may be extended as set forth below). In the event that any Additional Advances are made and are not repaid by the Additional Advance Repayment Date, NAHL, at its sole discretion, will have the option to extend the Additional Advance Repayment Date or convert all or a portion of the Additional Advances into Common Stock at a conversion price of $0.003 per share (the “Additional Advance Conversion Price”), subject to adjustment as set forth in the Agreement. NAHL’s election to extend the Additional Advance Repayment Date or to convert the Additional Advances into Common Stock shall be made on the first business day following the Additional Advance Repayment Date. The Parties acknowledge and agree that any Additional Advances shall not be convertible into common stock prior to the Additional Advance Repayment Date. On January 5, 2021, the shares of the Company’s common stock under the name of NAHL were changed to Lin Kok Peng, as an individual, at the request of the owner of NAHD, Lin Kok Peng and NAHL was closed. As of September 30, 2023, the Company has not repaid Lin Kok Peng, and Mr. Lin had not exercised his option to convert the Advances into shares of common stock. Accordingly, the total of $1,009,704 in advances remained as an unsecured interest-free loan to the Company as of September 30, 2023. Although Lin Kok Peng is expected to continue to advance operating funds to the Company in the future, there can be no assurance that he will continue to do so. On September 7, 2015, Mr. Jose A. Capote ("Mr. Capote") was appointed to serve as the Company's Secretary and Vice President. There is no family relationship between Mr. Capote and any of the Company's directors or officers. Mr. Capote is currently a shareholder of the Company. The Company has incurred fees due to Mr. Capote for consulting services for acting as the Company’s Secretary and Vice President in the amount of $13,500 and $13,500 during the nine months ended September 30, 2023 and September 30, 2022, respectively. The balance due to Mr. Capote as of September 30, 2023 and December 31, 2022, was $45,750 and $32,250 respectively, and was included in accounts payable and accrued liabilities. The Company pays New Asia Momentum Pte Ltd (“NAMPL”), a Singapore private company owned and controlled by Dr. Lin Kok Peng, the Company’s Chief Executive Officer and Chairman of the Board and principal shareholder, fees for the rental of office space and for administrative services in its Singapore Headquarters. In February 2023, MQL was dissolved and accounts payables to NAMPL with total amount of $16,475 was waived by NAMPL and recorded in additional paid-in capital. Also, the Company has incurred fees of $32,291 and $34,565 due to NAMPL during the nine-month period ended September 30, 2023, and September 30, 2022, respectively. As of September 30, 2023, and December 31, 2022, the Company had $211,402 and $195,586 due to NAMPL recorded in accounts payable and accrued liabilities, respectively. |
Note 5_ Commitments and Conting
Note 5: Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2023 | |
Notes | |
Note 5: Commitments and Contingencies | Note 5: Commitments and Contingencies The Company entered into an agreement with Premier Business Centers (“PBC”) on July 31, 2018. Under the terms of the agreement, PBC granted the Company a license to use the facilities and services of PBC at 15615 Alton Parkway Suite 450, Irvine, CA 92618. This is a month-to-month lease, with monthly fixed fees of $195. The Company pays NAMPL, a Singapore private company owned and controlled by Dr. Lin Kok Peng, the Company’s Chief Executive Officer, Chief Financial Officer and Chairman of the Board, fees for the rental of office space and for administrative services in its Singapore headquarters. This is a month-to-month lease, with monthly fixed fees of approximately $3,500. |
Note 6_ NAHD Potential Merger w
Note 6: NAHD Potential Merger with Additive Technology Company | 9 Months Ended |
Sep. 30, 2023 | |
Notes | |
Note 6: NAHD Potential Merger with Additive Technology Company | Note 6: NAHD Potential Merger with Additive Technology Company In April 2023, the Company signed a Letter of Intent related to a potential acquisition of a company involved in a manufacturing utilizing additive technologies to deliver parts on-demand. The LOI is still active, and the deal is undergoing due diligence and detailed evaluation and reviews by NAHD and the target company, as of the filing date, the acquisition has not been closed. In accordance with the executed LOI, the target Company paid NAHD the sum of $7,500 as reimbursement of expenses relating to the preparation and filing of New Asia’s Annual Report on Form 10-K for the year ended December 31, 2022. The $7,500 payment was received on June 23, 2023. |
Note 1_ Organization and Summ_2
Note 1: Organization and Summary of Significant Accounting Policies: Basis of Presentation (Policies) | 9 Months Ended |
Sep. 30, 2023 | |
Policies | |
Basis of Presentation | Basis of Presentation The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules of the Securities and Exchange Commission (the “SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Report on Form 10-K as filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Annual Report on Form 10-K for the most recent fiscal year, as filed with the SEC on May 15, 2023, have been omitted. |
Note 1_ Organization and Summ_3
Note 1: Organization and Summary of Significant Accounting Policies: Use of estimates (Policies) | 9 Months Ended |
Sep. 30, 2023 | |
Policies | |
Use of estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. We considered the potential impact of the COVID-19 pandemic on our estimates and assumptions and there was not a material impact to our unaudited consolidated financial statements as of and for the three and nine months ended September 30, 2023; however, actual results could differ from those estimates and there may be changes to our estimates in future periods. |
Note 1_ Organization and Summ_4
Note 1: Organization and Summary of Significant Accounting Policies (Details) | Dec. 31, 2014 |
New Asia Holdings Limited | |
Ownership percentage acquired | 90% |
Note4_ Convertible Advances f_2
Note4: Convertible Advances from Shareholder and Other Related Party Transactions (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2023 | Dec. 31, 2022 | Mar. 31, 2023 | Sep. 30, 2023 | Sep. 30, 2022 | |
Increase (Decrease) in Due to Officers and Stockholders | $ 8,000 | $ 64,000 | |||
Other Income-Cancelled debt | $ 1,009,704 | $ 945,704 | |||
Settlement of liabilities with a related party | $ 16,475 | 16,475 | 0 | ||
Accounts Payable and Accrued Liabilities | $ 307,615 | 248,797 | $ 307,615 | ||
New Asia Holdings Limited | |||||
Debt Instrument, Convertible, Conversion Price | $ 0.003 | $ 0.003 | |||
Vice President | |||||
Other Income-Cancelled debt | $ 45,750 | $ 32,250 | |||
Administrative Fees Expense | $ 13,500 | 13,500 | |||
New Asia Momentum Limited | |||||
Operating Leases, Rent Expense | 32,291 | 34,565 | |||
Accounts Payable and Accrued Liabilities | $ 211,402 | $ 211,402 | $ 195,586 |
Note 5_ Commitments and Conti_2
Note 5: Commitments and Contingencies (Details) | 9 Months Ended |
Sep. 30, 2023 USD ($) | |
Premier Business Centers | |
Debt Instrument, Periodic Payment | $ 195 |
New Asia Momentum Limited | |
Debt Instrument, Periodic Payment | $ 3,500 |