Alpha Network Alliance Ventures (ANAV) 10-Q 25 Jun 21 2020 Q2 Quarterly report Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2020shares
Cover [Abstract]
Entity Registrant Name	ALPHA NETWORK ALLIANCE VENTURES INC.
Entity Central Index Key	0001491829
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	No
Document Period End Date	Jun. 30, 2020
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding	113,405,751
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	No

Balance Sheets

Balance Sheets - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash	$ 4,974	$ 48
Accounts receivable	43,242	34,805
Total current assets	48,216	34,853
Property and equipment, net	0	0
Total assets	48,216	34,853
Related Party:
Advances from related party	1,145,358	1,111,053
Accounts payable	59,299	51,299
Accrued compensation	2,750,000	2,450,000
Total current liabilities	3,954,657	3,612,352
Total liabilities	3,954,657	3,612,352
STOCKHOLDERS' DEFICIT
Common stock, $.0001 par value, 8,000,000,000 shares authorized,113,405,751 and 113,405,751 shares issued and outstanding, respectively	11,341	11,341
Capital in excess of par value	903,664	903,664
Deficit accumulated during the development stage	(4,821,446)	(4,492,504)
Total stockholders' deficit	(3,906,441)	(3,577,499)
Total liabilities and stockholders' deficit	$ 48,216	$ 34,853

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
STOCKHOLDERS' DEFICIT
Common stock, shares par value	$ .0001	$ .0001
Common stock, shares authorized	8,000,000,000	8,000,000,000
Common stock, shares issued	113,405,751	113,405,751
Common stock, shares outstanding	113,405,751	113,405,751

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statements of Operations (Unaudited)
Revenue	$ 44,341	$ 77,379	$ 77,379	$ 91,409
Cost of revenue	29,541	34,929	51,574	61,098
Gross profit	14,800	17,332	25,805	30,311
General and Administrative expneses:
Marketing expenses	0	0	0	0
Wages	151,669	150,000	303,625	300,000
Rent	79	271	79	580
Travel	2,878	24,150	12,636	43,291
Professional	4,000	8,140	8,750	12,715
Office supplies	0	429	31	429
Computer and internet	6,168	3,276	6,361	7,263
Other general and adminstrative expneses	8,000	35,184	23,265	43,209
Total operating expenses	172,794	221,450	354,747	407,487
(Loss) from operations	(157,994)	(204,118)	(328,942)	(377,176)
Other comprehensive income/(loss)	0	0	0	0
Comprehensive loss	$ (157,994)	$ (204,118)	$ (328,942)	$ (377,176)
Basic earnings/(loss) per common share	$ 0	$ 0	$ 0	$ 0
Weighted average number of shares outstanding	113,405,751	113,405,751	113,405,751	113,405,751

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net loss	$ (328,942)	$ (727,406)
Adjustments to reconcile net (loss) to cash provided (used) by developmental stage activities:
Depreciation		0
Loss on disposal of fixed assets		0
Change in current assets and liabilities:
Accounts receivable	(8,437)	4,745
Accounts Payable	8,000	11,700
Accrued compensation	300,000	600,000
Net cash used from operating activities	(29,379)	(110,961)
Cash flows from investing activities:
Net cash flows provided in investing activities	0	0
Cash flows from financing activities:
Loan from related party	34,305	107,408
Net cash flows provided by financing activities	34,305	107,408
Net increase (decrease) in cash flows	4,926	(3,553)
Cash and equivalents, beginning of period	48	3,601
Cash and equivalents, end of period	4,974	48
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS FOR:
Interest	0	0
Income taxes	$ 0	$ 0

Statement of Shareholders' Defi

Statement of Shareholders' Deficits (Unaudited) - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Stock Subscription [Member]	(Deficit )Accumulated During The Development Stage [Member]
Balance, shares at Mar. 24, 2011		75,000,000
Balance, amount at Mar. 24, 2011	$ 10,639	$ 7,500	$ 3,139	$ 0	$ 0
Reverse recapitalization, shares		31,390,000
Reverse recapitalization, amount	0	$ 3,139	(3,139)		0
Net (loss) for the period	(171,567)	$ 0	0		(171,567)
Balance, shares at Dec. 31, 2011		106,390,000
Balance, amount at Dec. 31, 2011	(160,928)	$ 10,639	0	0	(171,567)
Net (loss) for the period	(76,137)				(76,137)
Issuance of common stock to new shareholders, shares		158,500
Issuance of common stock to new shareholders, amount	$ 18,750	$ 16	18,734
Common stock issued, shares	158,500
Common stock issued, amount	$ 18,750
Balance, shares at Dec. 31, 2012		106,548,500
Balance, amount at Dec. 31, 2012	(218,315)	$ 10,655	18,734	0	(247,704)
Net (loss) for the period	$ (211,996)				(211,996)
Common stock issued, shares	205,868	205,868
Common stock issued, amount	$ 30,880	$ 21	30,859
Stock Subscription	41,605			41,605
Balance, shares at Dec. 31, 2013		106,754,368
Balance, amount at Dec. 31, 2013	(357,826)	$ 10,676	49,593	41,605	(459,700)
Net (loss) for the period	$ (834,590)				(834,590)
Common stock issued, shares	514,317	514,317
Common stock issued, amount	$ 78,332	$ 51	78,281
Common stock issued for Services, shares		5,322,000
Common stock issued for Services, amount	633,198	$ 532	632,666
Shares issued for subscription, shares		277,366
Shares issued for subscription, amount	0	$ 28	41,577	(41,605)
Balance, shares at Dec. 31, 2014		112,868,051
Balance, amount at Dec. 31, 2014	(480,886)	$ 11,287	802,117		(1,294,290)
Net (loss) for the period	(527,093)				(527,093)
Common stock issued for Services, shares		537,700
Common stock issued for Services, amount	101,601	$ 54	101,547	0
Balance, shares at Dec. 31, 2015		113,405,751
Balance, amount at Dec. 31, 2015	(906,378)	$ 11,341	903,664		(1,821,383)
Net (loss) for the period	(375,784)			0	(375,784)
Balance, shares at Dec. 31, 2016		113,405,751
Balance, amount at Dec. 31, 2016	(1,282,162)	$ 11,341	903,664		(2,197,167)
Net (loss) for the period	(809,104)			0	(809,104)
Balance, shares at Dec. 31, 2017		113,405,751
Balance, amount at Dec. 31, 2017	(2,091,266)	$ 11,341	903,664		(3,006,271)
Net (loss) for the period	(758,827)			0	(758,827)
Balance, shares at Dec. 31, 2018		113,405,751
Balance, amount at Dec. 31, 2018	(2,850,093)	$ 11,341	903,664		(3,765,098)
Net (loss) for the period	(727,406)			$ 0	(727,406)
Balance, shares at Dec. 31, 2019		113,405,751
Balance, amount at Dec. 31, 2019	(3,577,499)	$ 11,341	903,664		(4,492,504)
Net (loss) for the period	$ (328,942)				(328,942)
Common stock issued, shares	108,531,251
Common stock issued, amount	$ 169,567
Balance, shares at Jun. 30, 2020		113,405,751
Balance, amount at Jun. 30, 2020	$ (3,906,441)	$ 11,341	$ 903,664		$ (4,821,446)

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Summary of Significant Accounting Policies
Note 1 - Summary of Significant Accounting Policies	The Company was originally organized in the State of Delaware on March 24, 2011 as Daedalus Ventures, Inc. In December 2011 the Company completed a merger with Alpha Network Alliance Ventures Inc. Immediately upon the completion of the merger, the Company changed its name to Alpha Network Alliance Ventures Inc. The Company is focused on building and operating a social networking software application and other internet driven applications. The Company builds Social Network Marketing tools that enable buyers, sellers, users to connect, share, discover and communicate with each other. The software application also allows its users to post reviews and share shopping and fashion tips and opinions or to integrate their 3 rd The Company’s market is mostly Overseas Contract Workers (OCW) and majority is from the Philippines. The Company decided that it’s appropriate to sell our KababayanKo.com Premium Packages membership with products included to be more attractive and lucrative to every affiliate who buys and upgrades to Premium Packages Membership, and as a result of the promotion they can also purchase the products inside Kababayanko.com Market Place if they want it more. During 2014, The Company also moved its primary operations to the Philippines. The purpose of this move was to better centrally locate to its primary market. Additionally, the Company plans to recognize lower costs and better distribution. Recognizing the efficiency and cost effectivity of its operations in the Philippines, the company appointed an independent distributor that will primarily handle the distribution of its product in the Philippines. As a result of this, during 2015, the company has moved its primary operations back in the California, United States. The Company’s activities are subject to significant risks and uncertainties, including failing to secure additional funding to operationalize the Company’s market penetration before another company develops a similar product. The Company is in the development stage as defined under Statement on Financial Accounting Standards Accounting Standards Codification FASB ASC 915-205 “Development-Stage Entities.” The Company has adopted the new provision of FASB ASC 915-275 and is not reporting inception to date activities as previously required. Basis of presentation The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the second quarter ended June 30, 2020. 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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and cash equivalents The Company maintains a cash balance in a non-interest-bearing account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. There were no cash equivalents as of June 30, 2020. Fair value of financial instruments and derivative financial instruments The Company’s financial instruments include cash, accounts payable, and notes payable. All instruments are accounted for on a historical cost basis, which, due to the short maturity of these financial instruments, approximates fair value at June 30, 2020. The Company did not engage in any transaction involving derivative instruments. Inventory Inventory is recorded at the lower of cost or market and is computed on a first-in first-out basis. The inventory consists of —weight loss products, energy and performance solutions products and healthy aging solution products. Property and Equipment Property and equipment are stated at cost. Major repairs and betterments are capitalized and normal maintenance and repairs are charged to expense as incurred. Depreciation is computed by the straight-line method over the estimated useful lives of the related assets. Office and general equipment are depreciated over useful lives of 10 years and leasehold improvements are depreciated shorter of term lease and useful life of 20 years. Upon retirement or sale of an asset, the cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in operations. Federal income taxes Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted Accounting Standards Codification 740.10.05 “Accounting for Income Taxes” as of its inception. Pursuant to Accounting Standards Codification 740.10.05, the Company is required to compute tax asset benefits for net operating losses carried forward. Potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward to future years. The U. S. Tax Act known as Tax Cuts and Jobs Act (the “2017 Act”) signed on December 22, 2017 may have changed the consequences to U. S. shareholders that own, or are considered to own, as a result of the attribution rules, 10% or more of the voting power or value of a non-U. S. corporation ( a “10% U.S. shareholder) under the U.S. Federal income tax law applicable to owners of U.S. controlled foreign corporations (“CFCs”). We did not believe any of our shareholders, or our subsidiaries were CFCs, and there will be no such impact for 2017 Act for the quarter ended June 30, 2020. Net income per share of common stock Net loss per share is provided in accordance with FASB ASC 260-10, “Earnings per Share”. Basic net loss per common share (“EPS”) is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing net income by the weighted average shares outstanding, assuming all dilutive potential common shares were issued, unless doing so is anti-dilutive. Common Stock Registration Expenses The Company considers incremental costs and expenses related to the registration of equity securities with the SEC, whether by contractual arrangement as of a certain date or by demand, to be unrelated to original issuance transactions. As such, subsequent registration costs and expenses are reflected in the accompanying financial statements as general and administrative expenses, and are expensed as incurred. Research and Development Costs for research and development, including predevelopment efforts prior to establishing technological feasibility of software expected to be marketed, are expensed as incurred. Development costs are capitalized when technological feasibility has been established and anticipated future revenues support the recoverability of the capitalized amounts. Capitalization stops when the product is available for general release to customers. The Company has not capitalized any software development, and has expensed these costs as incurred. These costs are included in research and development expense. Revenue Recognition: Revenue is measured based on a consideration specified in a contract with a customer, and excludes any sales incentives and amounts collected on behalf of third parties. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment cost and are in included in cost of revenues. The company generates wholesale revenues primarily from sale of products to retailers or distributors who are mostly Overseas Contract Workers (OCW) and majority is from the Philippines. The company typically extend credit terms to its wholesale customers based on their creditworthiness and generally do not receive advance payments. As such, we record accounts receivable at the time of shipment, when our right to the consideration becomes unconditional. Accounts receivable from our wholesale customers are typically due within 30 to 60 days of invoicing. An allowance for doubtful accounts is provided based on a periodic analysis of individual accounts balances, including an evaluation of days outstanding, payment history, recent payment trends, and the company’s assessment of its customers’ creditworthiness, As of June 30, 2020, no allowance for doubtful accounts has been provided. Recently Issued Accounting Pronouncements: For the second quarter ended June 30, 2020, the Company does not expect any of the recently issued accounting pronouncements to have a material impact on its financial condition or results of operations.

Uncertainty, going concern

Uncertainty, going concern	6 Months Ended
	Jun. 30, 2020
Uncertainty, going concern
Note 2 - Uncertainty, Going Concern	The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs to allow it to continue as a going concern. As of March 31, 2020, the Company had an accumulated deficit of $4,663,452. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. The Company is contemplating conducting an offering of its debt or equity securities to obtain additional operating capital. The Company is dependent upon its ability, and will continue to attempt, to secure equity and/or debt financing. There are no assurances that the Company will be successful and without sufficient financing it would be unlikely for the Company to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

Property and Equipment, net

Property and Equipment, net	6 Months Ended
	Jun. 30, 2020
Property and Equipment, net
Note 3 - Property and Equipment, net	Property and equipment at year-end consisted of: June 30, December 31, 2020 2019 Transportation Equipment $ 0 $ 0 Less: Accumulated Depreciation 0 0 Property and equipment, net $ 0 $ 0 The Company recorded depreciation expense of $0 and $0 for the second quarter ended June 30, 2020 and for the year ended December 31, 2019, respectively. The transportation equipment was disposed in 2018. It is derecognized upon disposal because no future economic benefits are expected from its disposal. The loss arising on disposal in the amount of $3,797 is included in the expenditure.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2020
Related Party Transactions
Note 4 - Related Party Transactions	Due to related parties included in the balance sheets as of June 30, 2020 and December 31, 2019 were loans on the Company’s director and CEO, Mr. Eleazar Rivera. He has lent the Company noninterest bearing amounts of $1,145,358 as of June 30, 2020 and $1,111,053 as of December 31, 2019. Of this amount, $845,358 is designated as advances from stockholders, while $300,000 is designated as deposit for future share subscriptions. No subscribed shares are outstanding that cannot be legally issued until paid for. These advances are unsecured and there are no terms for repayment.

Common Stock

Common Stock	6 Months Ended
	Jun. 30, 2020
Common Stock
Note 5 - Common Stock	Since inception, the Company has issued 108,531,251shares of stock for $169,567 cash. During the year ended December 31, 2012, the Company issued for cash 158,500 shares of stock for $18,750 During the year ended December 31, 2013, the Company issued for cash 205,868 shares of stock for $30,800. Additionally, the Company received $43,887 cash for 277,366 unissued shares of common stock. These shares were issued in the first quarter 2014. The Company had the following stock transactions for the year ended December 31, 2014: The Company issued 277,366 shares of stock for the funds received and recorded as a stock subscription for the period ending December 31, 2013. The Company issued 514,317 shares of stock for 78,332 cash. The company had no new shares issued for the six months ended June 30, 2020 and for the years 2019, 2018, 2017, 2016 and 2015.

Employment Contract

Employment Contract	6 Months Ended
	Jun. 30, 2020
Employment Contract
Note 6 - Employment Contract	On November 24, 2014, the Company entered into an employment agreement with its Chief Executive Officer and majority shareholder for a (5) five year employment agreement. The employment agreement calls for an annual salary of $300,000 plus a monthly bonus of 2% of all sales paid on a monthly basis. The agreement also includes a 10% increase every December 1 st On December 1, 2017, another employment agreement, with the same terms and conditions, was entered into by the company with its Chairman of the board. The balance of this accrued compensation as of June 30, 2020 was $2,750,000. The balance at December 31, 2019 was $2,450,000.

Concentration Risk

Concentration Risk	6 Months Ended
	Jun. 30, 2020
Concentration Risk
Note 7 - Concentration Risk	The Company has one major customer that accounted for 100% or $77,379 of sales for the six months ended June 30, 2020 and 100% or $151,562 of sales for the year ended December 31, 2019. The Company expects to maintain this relationship with the customer. Consequently, The Company is also potentially subject to concentrations of credit risk in its accounts receivable. Credit risk with respect to receivables is limited due to the number of companies comprising the Company’s customer base. Although the Company is directly affected by the financial condition of its customers, management does not believe significant credit risks exist at June 30, 2020 and December 31, 2019. Generally, the Company does not require collateral or other securities to support its accounts receivable.

Registration statement under th

Registration statement under the Securities Act of 1933	6 Months Ended
	Jun. 30, 2020
Registration statement under the Securities Act of 1933
Note 8 - Registration statement under the Securities Act of 1933	On April 4, 2018, the company filed with the Securities and Exchange Commission a registration statement (Form S-1) under the Securities Act of 1933 to register securities for initial public offering of 100,000,000 shares of common stock at a fixed price $0.45 per share and 10,000,000 shares of common stock offered by selling stockholders at an initial price of $0.45 and may eventually be offered at prevailing market prices or privately negotiated prices. The offering is being conducted on a self-underwritten, best effort basis, which means that management, will attempt to sell the shares. The common stock offered by the selling stockholders will not be sold until the company sells all of the 100,000,000 sales in its offering. Any funds that will be raised from the offering of 100,000,000 common shares shall be immediately available for use as follows: Product Development 10 % Expansion to 10 countries 20 % Infrastructure 10 % Inventory for 6 months allocations 25 % Executive salaries 10 % Legal and accounting 2 % Staff salaries 20 % Transfer agent, contingencies And other expenses 3 % Total 100 % The offering price of the 100,000,000 shares being offered has been determined arbitrarily by the management. The price does not bear any relationship to the company’s assets, book value, earnings, or other established criteria for valuing a privately held company. In determining the number of shares to be offered and the offering price, the company took into consideration its cash on hand and the amount of money that would need to implement its business plan. Accordingly, the offering price should not be considered an indication of the actual value of the securities. The will not receive any of the proceeds from the sale of the 10,000,000 common shares being offered for sale by the selling stockholders, which 10,000,000 shares of our common stock may be offered and sold from time to time by the selling stockholders. The selling shareholders will sell our shares at prevailing market prices or privately negotiated prices. The common shares being offered for resale by the 2 selling stockholders consist 5,000,000 of our common stock, $0.0001 par value. The following table sets forth the shares beneficially owned, as of the date of the prospectus, by the selling stockholders prior to the offering by existing stockholders contemplated by this prospectus, the number of shares each selling stockholder is offering by this prospectus and the number of shares which each would own beneficially if all such offered shares are sold. Beneficial ownership is determined in accordance with Securities and Exchange Commission rules. Under these rules, a person is deemed to be a beneficial owner of a security if that person has or shares voting power, which includes the power to vote or direct the voting of the security, or investment power, which includes the power to vote or direct the voting of the security. The person is also deemed to be a beneficial owner of any security of which that person has a right to acquire beneficial ownership within 60 days. Under the Securities and Exchange Commission rules, more than one person may be deemed to be a beneficial owner of the same securities, and a person may be deemed to be a beneficial owner of securities as to which he or she may not have any pecuniary beneficial interest. Except as noted below, each person has sole voting and investment power. The percentages below are calculated based on 113,405,751 shares of our common stock issued and outstanding as of the date of the prospectus. The company does not have any outstanding options, warrants or other securities exercisable for or convertible into shares of our common stock. None of the selling stockholders is a broker-dealer or an affiliate of a broker-dealer. Name of selling shareholder Shares owned before offering Total No. of shares to be offered Total shares owned after offering Percentage of shares owned after offering Eleazar Rivera 50,543,020 5,000,000 45,543,020 21.34 % Ronnie Tan 51,418,000 5,000,000 46,418,000 21.75 % Total 101,961,020 10,000,000 91,961,020 43.09 %

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events
Note 9 - Subsequent Events	Alpha’s management has evaluated events occurring between June 30, 2020 and May 6, 2021, which is the date of the financial statements were available to be issued, and has recognized in the financial statements the effects of all subsequent events that provide additional evidence about conditions that existed at May 6, 2021, including the estimates inherent in the processing of the financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Summary of Significant Accounting Policies
Basis of presentation	The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the second quarter ended June 30, 2020.
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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	The Company maintains a cash balance in a non-interest-bearing account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. There were no cash equivalents as of June 30, 2020.
Fair value of financial instruments and derivative financial instruments	The Company’s financial instruments include cash, accounts payable, and notes payable. All instruments are accounted for on a historical cost basis, which, due to the short maturity of these financial instruments, approximates fair value at June 30, 2020. The Company did not engage in any transaction involving derivative instruments.
Inventory	Inventory is recorded at the lower of cost or market and is computed on a first-in first-out basis. The inventory consists of —weight loss products, energy and performance solutions products and healthy aging solution products.
Property and Equipment	Property and equipment are stated at cost. Major repairs and betterments are capitalized and normal maintenance and repairs are charged to expense as incurred. Depreciation is computed by the straight-line method over the estimated useful lives of the related assets. Office and general equipment are depreciated over useful lives of 10 years and leasehold improvements are depreciated shorter of term lease and useful life of 20 years. Upon retirement or sale of an asset, the cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in operations.
Federal income taxes	Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted Accounting Standards Codification 740.10.05 “Accounting for Income Taxes” as of its inception. Pursuant to Accounting Standards Codification 740.10.05, the Company is required to compute tax asset benefits for net operating losses carried forward. Potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward to future years. The U. S. Tax Act known as Tax Cuts and Jobs Act (the “2017 Act”) signed on December 22, 2017 may have changed the consequences to U. S. shareholders that own, or are considered to own, as a result of the attribution rules, 10% or more of the voting power or value of a non-U. S. corporation ( a “10% U.S. shareholder) under the U.S. Federal income tax law applicable to owners of U.S. controlled foreign corporations (“CFCs”). We did not believe any of our shareholders, or our subsidiaries were CFCs, and there will be no such impact for 2017 Act for the quarter ended June 30, 2020.
Net income per share of common stock	Net loss per share is provided in accordance with FASB ASC 260-10, “Earnings per Share”. Basic net loss per common share (“EPS”) is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing net income by the weighted average shares outstanding, assuming all dilutive potential common shares were issued, unless doing so is anti-dilutive.
Common Stock Registration Expenses	The Company considers incremental costs and expenses related to the registration of equity securities with the SEC, whether by contractual arrangement as of a certain date or by demand, to be unrelated to original issuance transactions. As such, subsequent registration costs and expenses are reflected in the accompanying financial statements as general and administrative expenses, and are expensed as incurred.
Research and Development	Costs for research and development, including predevelopment efforts prior to establishing technological feasibility of software expected to be marketed, are expensed as incurred. Development costs are capitalized when technological feasibility has been established and anticipated future revenues support the recoverability of the capitalized amounts. Capitalization stops when the product is available for general release to customers. The Company has not capitalized any software development, and has expensed these costs as incurred. These costs are included in research and development expense.
Revenue Recognition	Revenue is measured based on a consideration specified in a contract with a customer, and excludes any sales incentives and amounts collected on behalf of third parties. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment cost and are in included in cost of revenues. The company generates wholesale revenues primarily from sale of products to retailers or distributors who are mostly Overseas Contract Workers (OCW) and majority is from the Philippines. The company typically extend credit terms to its wholesale customers based on their creditworthiness and generally do not receive advance payments. As such, we record accounts receivable at the time of shipment, when our right to the consideration becomes unconditional. Accounts receivable from our wholesale customers are typically due within 30 to 60 days of invoicing. An allowance for doubtful accounts is provided based on a periodic analysis of individual accounts balances, including an evaluation of days outstanding, payment history, recent payment trends, and the company’s assessment of its customers’ creditworthiness, As of June 30, 2020, no allowance for doubtful accounts has been provided.
Recently Issued Accounting Pronouncements	For the second quarter ended June 30, 2020, the Company does not expect any of the recently issued accounting pronouncements to have a material impact on its financial condition or results of operations.

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	6 Months Ended
	Jun. 30, 2020
Property and Equipment, net
Property and Equipment, net	June 30, December 31, 2020 2019 Transportation Equipment $ 0 $ 0 Less: Accumulated Depreciation 0 0 Property and equipment, net $ 0 $ 0

Registration statement under _2

Registration statement under the Securities Act of 1933 (Tables)	6 Months Ended
	Jun. 30, 2020
Registration statement under the Securities Act of 1933
Schedule of Use of Proceeds from Initial Public Offering	Product Development 10 % Expansion to 10 countries 20 % Infrastructure 10 % Inventory for 6 months allocations 25 % Executive salaries 10 % Legal and accounting 2 % Staff salaries 20 % Transfer agent, contingencies And other expenses 3 % Total 100 %
Schedule of Sale of Stock for Initial Public Offering	Name of selling shareholder Shares owned before offering Total No. of shares to be offered Total shares owned after offering Percentage of shares owned after offering Eleazar Rivera 50,543,020 5,000,000 45,543,020 21.34 % Ronnie Tan 51,418,000 5,000,000 46,418,000 21.75 % Total 101,961,020 10,000,000 91,961,020 43.09 %

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative)	6 Months Ended
	Jun. 30, 2020
General Equipment [Member]
Property and equipment estmated useful life	10 years
Leasehold Improvements [Member]
Property and equipment estmated useful life	20 years

Uncertainty going concern (Deta

Uncertainty going concern (Details Narrative) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Uncertainty, going concern
Accumulated deficit	$ (4,821,446)	$ (4,492,504)

Property and Equipment net (Det

Property and Equipment net (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Property and Equipment, net
Transportation Equipment	$ 0	$ 0
Less: Accumulated Depreciation	0	0
Property and equipment, net	$ 0	$ 0

Property and Equipment Net (D_2

Property and Equipment Net (Details Narrative) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Property and Equipment, net
Depreciation expense	$ 0		$ 0
Loss on disposal of assets		$ 0		$ 3,797

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Advances from stockholders		$ 845,358
Deposit for future subscriptions		300,000
Mr. Eleazar Rivera [Member]
Advances from related party	$ 1,145,358	$ 1,111,053

Common Stock (Details Narrative

Common Stock (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Common Stock (Details Narrative)
Common stock issued for cash, shares	108,531,251	514,317	205,868	158,500
Common stock issued for cash, amount	$ 169,567	$ 78,332	$ 30,880	$ 18,750
Common stock, share subscribed but unissued, subscriptions receivable			$ 43,887
Common stock, shares subscribed but unissued			277,366
Stock issued for subscription		277,366

Employment Contract (Details Na

Employment Contract (Details Narrative) - USD ($)	1 Months Ended
	Nov. 24, 2014	Jun. 30, 2020	Dec. 31, 2019
Accrued compensation		$ 2,750,000	$ 2,450,000
Employment Agreement [Member]
Term of employment agreement (in years)	5 years
Employment agreement, description	The employment agreement calls for an annual salary of $300,000 plus a monthly bonus of 2% of all sales paid on a monthly basis. The agreement also includes a 10% increase every December 1st.

Concentration Risk (Details Nar

Concentration Risk (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Sales revenue	$ 44,341	$ 77,379	$ 77,379	$ 91,409
One Major Customer [Member]
Concentration risk, percentage			100.00%		100.00%
Sales revenue			$ 77,379		$ 151,562

Registration statement under _3

Registration statement under the Securities Act of 1933 (Details)	3 Months Ended
	Apr. 04, 2018
Percent of funds raised from the offering immediately available for use	100.00%
Initial Public Offering | Product Development
Percent of funds raised from the offering immediately available for use	10.00%
Initial Public Offering | Transfer Agent, Contingencies and Other Expenses
Percent of funds raised from the offering immediately available for use	3.00%
Initial Public Offering | Inventory for 6 Months Allocations
Percent of funds raised from the offering immediately available for use	25.00%
Initial Public Offering | Executive Salaries
Percent of funds raised from the offering immediately available for use	10.00%
Initial Public Offering | Staff Salaries
Percent of funds raised from the offering immediately available for use	20.00%
Initial Public Offering | Infrastructure
Percent of funds raised from the offering immediately available for use	10.00%
Initial Public Offering | Expansion to 10 Countries
Percent of funds raised from the offering immediately available for use	20.00%
Initial Public Offering | Legal and Accounting
Percent of funds raised from the offering immediately available for use	2.00%

Registration statement under _4

Registration statement under the Securities Act of 1933 (Details 1)	3 Months Ended
	Apr. 04, 2018shares
Shares owned before the offering	101,961,020
Total number of shares to be offered for the security holder's account	10,000,000
Total shares owned after the offering	91,961,020
Percentage of shares owned after the offering	43.09%
Initial Public Offering | Ronnie Tan
Shares owned before the offering	51,418,000
Total number of shares to be offered for the security holder's account	5,000,000
Total shares owned after the offering	46,418,000
Percentage of shares owned after the offering	21.75%
Initial Public Offering | Eleazar Rivera
Shares owned before the offering	50,543,020
Total number of shares to be offered for the security holder's account	5,000,000
Total shares owned after the offering	45,543,020
Percentage of shares owned after the offering	21.34%

Registration statement under _5

Registration statement under the Securities Act of 1933 (Details Narrative) - $ / shares	3 Months Ended	6 Months Ended
	Apr. 04, 2018	Jun. 30, 2020	Dec. 31, 2019
Common stock, shares issued		113,405,751	113,405,751
Common stock, shares outstanding		113,405,751	113,405,751
Initial Public Offering
Offered shares descriptions		The will not receive any of the proceeds from the sale of the 10,000,000 common shares being offered for sale by the selling stockholders, which 10,000,000 shares of our common stock may be offered and sold from time to time by the selling stockholders.
Number of shares to be offered	100,000,000
Sale of stock, price per share	$ 0.45
Initial Public Offering | Ronnie Tan
Number of shares to be offered	5,000,000
Sale of stock, price per share	$ 0.0001
Initial Public Offering | Eleazar Rivera
Number of shares to be offered	5,000,000
Initial Public Offering | Mr. Eleazar Rivera [Member]
Number of shares to be offered	5,000,000
Initial Public Offering | Eleazar Rivera
Sale of stock, price per share	$ 0.0001
Initial Public Offering | Selling Shareholders
Number of shares to be offered	10,000,000
Sale of stock, price per share	$ 0.45