Zhanling International (ZLME) 10-Q 10 Sep 21 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jul. 31, 2021	Sep. 14, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jul. 31, 2021
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--01-31
Entity File Number	000-54301
Entity Registrant Name	ODENZA CORP.
Entity Central Index Key	0001489300
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	22/F., Wanchai Central Building
Entity Address, Address Line Two	89 Lockhart Road
Entity Address, City or Town	Wan Chai
Entity Address, Country	HK
City Area Code	852
Local Phone Number	9027 2707
Entity's Reporting Status Current	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 Common Stock, Shares Outstanding		3,660,000

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Jul. 31, 2021	Jan. 31, 2021
ASSETS
Total assets
Current liabilities
Accrued liabilities	4,755	49,060
Due to related party-former CEO		212,249
Due to officer	47,044
Total liabilities	51,799	261,309
STOCKHOLDERS’ DEFICIT
Common stock, $0.001 par value, 500,000,000 shares authorized 3,660,000 shares issued and outstanding, respectively	3,660	3,660
Additional paid in capital	240,089	27,840
Accumulated deficit	(295,548)	(292,809)
Total stockholders’ deficit	(51,799)	(261,309)
Total liabilities and stockholders’ deficit

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Jul. 31, 2021	Jan. 31, 2021
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	3,660,000	3,660,000
Common stock, shares outstanding	3,660,000	3,660,000

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Income Statement [Abstract]
Revenues
Operating expenses
General and administrative	(1,567)	(1,172)	(2,739)	(2,344)
Net loss	$ (1,567)	$ (1,172)	$ (2,739)	$ (2,344)
Basic and diluted net loss per share	$ 0	$ 0	$ 0	$ 0
Weighted average number of shares outstanding	3,660,000	3,660,000	3,660,000	3,660,000

Condensed Statements of Stockho

Condensed Statements of Stockholders' Deficit (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Jan. 31, 2020	$ 3,660	$ 27,840	$ (258,121)	$ (226,621)
Beginning balance, shares at Jan. 31, 2020	3,660,000
Net loss			(2,344)	(2,344)
Ending balance, value at Jul. 31, 2020	$ 3,660	27,840	(260,465)	(228,965)
Ending balance, shares at Jul. 31, 2020	3,660,000
Beginning balance, value at Apr. 30, 2020	$ 3,660	27,840	(259,293)	(227,793)
Beginning balance, shares at Apr. 30, 2020	3,660,000
Net loss			(1,172)	(1,172)
Ending balance, value at Jul. 31, 2020	$ 3,660	27,840	(260,465)	(228,965)
Ending balance, shares at Jul. 31, 2020	3,660,000
Beginning balance, value at Jan. 31, 2021	$ 3,660	27,840	(292,809)	(261,309)
Beginning balance, shares at Jan. 31, 2021	3,660,000
Capital contribution due to write-off of related party payable due to former CEO		212,249		212,249
Net loss			(2,739)	(2,739)
Ending balance, value at Jul. 31, 2021	$ 3,660	240,089	(295,548)	(51,799)
Ending balance, shares at Jul. 31, 2021	3,660,000
Beginning balance, value at Apr. 30, 2021	$ 3,660	27,840	(293,981)	(262,481)
Beginning balance, shares at Apr. 30, 2021	3,660,000
Capital contribution due to write-off of related party payable due to former CEO		212,249		212,249
Net loss			(1,567)	(1,567)
Ending balance, value at Jul. 31, 2021	$ 3,660	$ 240,089	$ (295,548)	$ (51,799)
Ending balance, shares at Jul. 31, 2021	3,660,000

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Cash Flows From Operating Activities
Net loss	$ (1,567)	$ (1,172)	$ (2,739)	$ (2,344)
Change in operating liabilities:
Accrued liabilities			(44,305)	2,344
Net cash used in operations			(47,044)
Cash Flows From Financing Activities
Due to officer			47,044
Net cash provided by financing activities			47,044
Increase in cash
Cash, beginning of period
Cash, ending of period
Cash paid for:
Interest
Income taxes

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jul. 31, 2021
Accounting Policies [Abstract]
BASIS OF PRESENTATION	ITEM 1. BASIS OF PRESENTATION Unaudited Interim Financial Statements The accompanying condensed consolidated financial statements are unaudited. These unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and footnotes normally included by US GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. These unaudited interim financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2021, as filed with the SEC. In the opinion of management, all adjustments considered necessary for fair presentation and consisting solely of normal recurring adjustments have been made. The results of operations for the three and six months ended July 31, 2021 are not necessarily indicative of the results that may be expected for the year ending January 31, 2022. COVID-19 The COVID-19 pandemic has negatively impacted the global economy, workforces, customers, and created significant volatility and disruption of financial markets. The Company monitors guidance from national and local public health authorities and has implemented health and safety precautions and protocols in response to these guidelines. The extent of the impact of the COVID-19 pandemic has had and will continue to have on the Company’s business is highly uncertain and difficult to predict and quantify at this time. Going Concern The accompanying condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying condensed financial statements, for the six months ended July 31, 2021, the Company incurred a net loss of $ 2,739 51,799 Management has plans to seek additional capital through a private placement of its Common Stock or further director loans as needed. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue. 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 reported amounts of assets and liabilities, disclosures 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. Significant estimates include estimates for the accruals of potential liabilities. Net loss per share Basic loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive. At July 31, 2021 and 2020, the Company had no Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Credit Losses - Measurement of Credit Losses on Financial Instruments (“ASC 326”). The standard significantly changes how entities will measure credit losses for most financial assets, including accounts and notes receivables. The standard will replace today’s “incurred loss” approach with an “expected loss” model, under which companies will recognize allowances based on expected rather than incurred losses. Entities will apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The standard is effective for interim and annual reporting periods beginning after December 15, 2022. The adoption of ASU 2016-13 is not expected to have a material impact on the Company’s financial position, results of operations, and cash flows. Other recent accounting pronouncements issued by the FASB, its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jul. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	2. RELATED PARTY TRANSACTIONS As of July 31, 2021, the Company owed $ 47,044 For the three and six months ended July 31, 2021, the Company’s former Chief Executive Officer, Tan Sri Barry Goh Ming Choon (resigned on May 4, 2021) agreed to forgive and waive $ 212,249

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jul. 31, 2021
Accounting Policies [Abstract]
Unaudited Interim Financial Statements	Unaudited Interim Financial Statements The accompanying condensed consolidated financial statements are unaudited. These unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and footnotes normally included by US GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. These unaudited interim financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2021, as filed with the SEC. In the opinion of management, all adjustments considered necessary for fair presentation and consisting solely of normal recurring adjustments have been made. The results of operations for the three and six months ended July 31, 2021 are not necessarily indicative of the results that may be expected for the year ending January 31, 2022.
COVID-19	COVID-19 The COVID-19 pandemic has negatively impacted the global economy, workforces, customers, and created significant volatility and disruption of financial markets. The Company monitors guidance from national and local public health authorities and has implemented health and safety precautions and protocols in response to these guidelines. The extent of the impact of the COVID-19 pandemic has had and will continue to have on the Company’s business is highly uncertain and difficult to predict and quantify at this time.
Going Concern	Going Concern The accompanying condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying condensed financial statements, for the six months ended July 31, 2021, the Company incurred a net loss of $ 2,739 51,799 Management has plans to seek additional capital through a private placement of its Common Stock or further director loans as needed. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue.
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 reported amounts of assets and liabilities, disclosures 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. Significant estimates include estimates for the accruals of potential liabilities.
Net loss per share	Net loss per share Basic loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive. At July 31, 2021 and 2020, the Company had no
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Credit Losses - Measurement of Credit Losses on Financial Instruments (“ASC 326”). The standard significantly changes how entities will measure credit losses for most financial assets, including accounts and notes receivables. The standard will replace today’s “incurred loss” approach with an “expected loss” model, under which companies will recognize allowances based on expected rather than incurred losses. Entities will apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The standard is effective for interim and annual reporting periods beginning after December 15, 2022. The adoption of ASU 2016-13 is not expected to have a material impact on the Company’s financial position, results of operations, and cash flows. Other recent accounting pronouncements issued by the FASB, its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

BASIS OF PRESENTATION (Details

BASIS OF PRESENTATION (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Apr. 30, 2021	Jan. 31, 2021	Apr. 30, 2020	Jan. 31, 2020
Accounting Policies [Abstract]
Net loss	$ 1,567	$ 1,172	$ 2,739	$ 2,344
Shareholder's deficit	$ 51,799	$ 228,965	$ 51,799	$ 228,965	$ 262,481	$ 261,309	$ 227,793	$ 226,621
Outstanding common stock equivalents			0	0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Jul. 31, 2021	Jul. 31, 2021	Jan. 31, 2021
Related Party Transaction [Line Items]
Due to related party	$ 47,044	$ 47,044
Chief Executive Officer [Member] | Mr.Leung Chi Ping [Member]
Related Party Transaction [Line Items]
Due to related party	47,044	47,044
Former Chief Executive Officer [Member] | Tan Sri Barry Goh Ming Choon [Member]
Related Party Transaction [Line Items]
Due to related party amount forgiven and waived	$ 212,249	$ 212,249