Qiansui International (QIAN) 10-Q 12 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 10, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	Ariel Clean Energy, Inc.
Entity Central Index Key	1,499,684
Trading Symbol	acez
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		99,750,097
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

Balance Sheets (Unaudited)

Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current Assets
Prepaid expenses	$ 9,346	$ 2,500
Total Current Assets	9,346	2,500
TOTAL ASSETS	9,346	2,500
Current Liabilities
Accounts payable	4,326	3,510
Accrued expenses	800
Accrued interest - related party	8,754	4,191
Note payable - related party	88,468	61,585
Total Current Liabilities	102,348	69,286
TOTAL LIABILITIES	102,348	69,286
Stockholders' Deficit
Preferred stock: 50,000,000 authorized; $0.000006 par value; no shares issued and outstanding
Additional paid-in capital	41,209	41,209
Accumulated deficit	(134,810)	(108,594)
Total Stockholders' Deficit	(93,002)	(66,786)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	9,346	2,500
Common stock Class A
Stockholders' Deficit
Common stock value	599	599
Common stock Class B
Stockholders' Deficit
Common stock value

Balance Sheets (Unaudited)(Pare

Balance Sheets (Unaudited)(Parentheticals) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, par value (in dollars per share)	$ 0.000006	$ 0.000006
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock Class A
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, par value (in dollars per share)	$ 0.000006	$ 0.000006
Common stock, shares issued	99,750,097	99,750,097
Common stock, shares outstanding	99,750,097	99,750,097
Common stock Class B
Common stock, shares authorized	200,000,000	200,000,000
Common stock, par value (in dollars per share)	$ 0.000006	$ 0.000006
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Revenues
Operating Expenses
General and administrative	2,882	4,819	7,417	8,161
Professional fees	4,800	14,939	14,236	21,557
Depreciation and amortization				250
Loss on abandonment of assets				414
Total operating expenses	7,682	19,758	21,653	30,382
Loss from operations	(7,682)	(19,758)	(21,653)	(30,382)
Other expense
Interest expense	(2,541)	(836)	(4,563)	(949)
Total other expense	(2,541)	(836)	(4,563)	(949)
Loss before taxes	(10,223)	(20,594)	(26,216)	(31,331)
Net loss	$ (10,223)	$ (20,594)	$ (26,216)	$ (31,331)
Basic and dilutive net loss per common share (in dollars per share)	$ 0	$ 0	$ 0	$ 0
Weighted average number of common shares outstanding - basic and diluted (in shares)	99,750,097	99,750,097	99,750,097	99,750,097

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (26,216)	$ (31,331)
Adjustments to reconcile net loss to net cash used in operations:
Depreciation and amortization		250
Loss on abandonment of assets		414
Changes in operating assets and liabilities:
Prepaid expenses	(6,846)	(6,705)
Accounts payable	27,699	41,366
Accrued expenses	800	(4,943)
Accrued interest - related party	4,563	949
Net Cash Used in Operating Activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period
Supplemental cash flow information
Cash paid for interest
Cash paid for taxes
Non-cash financing transactions:
Note payable - related party	$ 26,883	$ 36,717

Organization and Description of

Organization and Description of Business	6 Months Ended
	Jun. 30, 2016
Organization And Description Of Business [Abstract]
Organization and Description of Business	Note 1 - Organization and Description of Business Ariel Clean Energy, Inc. ("Ariel" or "the Company") began its existence as the Pacific Development Corporation which was incorporated under the laws of the State of Colorado on September 21, 1992. On March 23, 2000, Pacific and Cheshire Holdings, Inc. were merged into a single corporation existing under the laws of the State of Delaware, with Cheshire Holdings, Inc. being the surviving corporation. The name of the surviving corporation was changed to Cheshire Distributors, Inc. On July 17, 2003, Cheshire Distributors, Inc. changed its name to LMIC, Inc. and on October 31, 2012 changed its name to Z Holdings, Inc. Ariel Clean Energy, Inc. adopted fresh start accounting on May 6, 2005 with an objective to acquire or merge with an operating business. Big Time Acquisition (BTA) was originally organized to acquire a target company or business seeking the perceived advantages of being a publicly held corporation. On October 29, 2012, by written consent in lieu of a meeting, the respective Boards of Directors and requisite majority shareholders of Ariel and Big Time Acquisition, Inc. approved the merger of Big Time Acquisition, Inc. into Ariel with Ariel as the surviving corporation. Immediately before the effective time of merger, any and all outstanding shares of Big Time Acquisition, Inc. held by Ariel Clean Energy, Inc. were canceled, and at the closing of the Merger Agreement, Ariel issued a total of 90,000 restricted Class A common shares to the former shareholders of Big Time Acquisition, Inc. for their then outstanding shares of Big Time common stock. In the share exchange, Ariel received 90,000 shares of Big Time common stock representing 100% of the issued and outstanding shares of Big Time, which were deemed to be canceled. As a result of the Merger Agreement, Ariel is now the surviving company of the merger pursuant to Delaware General Corporate Law (DGCL), and deemed to be Successor Registrant. The issuance of such shares was exempt from registration pursuant to Section 4(2) of the Securities Act, and Regulation D promulgated thereunder. On July 15, 2015, the Company's Board of Directors approved to amend the Articles of Incorporation to change the Company's name from Z Holdings, Inc. to Ariel Clean Energy, Inc. Ariel Clean Energy, Inc. has a December 31 year end.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Significant Accounting Policies	Note 2 - Significant Accounting Policies Basis of Presentation The accompanying unaudited interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year. The accompanying unaudited interim financial statements should be read in conjunction with the financial statements and related notes included in the Company's Annual Report on Form 10-K, for the year ended December 31, 2015, as filed with the SEC on March 22, 2016. Reclassifications Certain prior year amounts have been reclassified to conform with the current year presentation Going Concern and Liquidity Considerations The Company's financial statements are prepared using accounting principles generally accepted 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 a source of revenue. As a result, the Company has continued net losses, negative operating cash flows, an accumulated deficit, and a capital deficiency. The ability of the Company to continue as a going concern for the next twelve months is dependent on the Company being able to fund current operations until it achieves a successful merger or acquisition. If the Company is unable to obtain sufficient funding, it could be forced to cease operations. These factors raise substantial doubt about its ability to continue as a going concern. It is management's plan to fund current operations, which consists primarily of maintaining registration status, with loans and capital contributions from management, directors, and shareholders. Some of these loans will be from related parties. With no principal operations or revenues traditional financing and equity sales are not readily available as viable options and therefore not part of management's plan. There is no assurance that the Company will be able to obtain sufficient additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to the Company. Management cannot provide any assurance that the Company will be successful in accomplishing any of its plans. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Note 3 - Related Party Transactions Note Payable During the six month period ended June 30, 2016, a corporation controlled by the company's officers paid operating expenses totaling $26, 883 on behalf of the Company. Unpaid balances are due on demand and accrue an annual interest rate of 12%. June 30, 2016 December 31, 2015 Note payable $ 88,468 $ 61,585 Accrued interest $ 8,754 $ 4,191 The Company plans to pay the note payable and accrued interest as cash flows become available. Other The Company utilizes home office space at the residence of our President to conduct activities at no charge.

Significant Accounting Policie9

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of presentation	Basis of Presentation The accompanying unaudited interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year. The accompanying unaudited interim financial statements should be read in conjunction with the financial statements and related notes included in the Company's Annual Report on Form 10-K, for the year ended December 31, 2015, as filed with the SEC on March 22, 2016.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform with the current year presentation
Going Concern and Liquidity Considerations	Going Concern and Liquidity Considerations The Company's financial statements are prepared using accounting principles generally accepted 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 a source of revenue. As a result, the Company has continued net losses, negative operating cash flows, an accumulated deficit, and a capital deficiency. The ability of the Company to continue as a going concern for the next twelve months is dependent on the Company being able to fund current operations until it achieves a successful merger or acquisition. If the Company is unable to obtain sufficient funding, it could be forced to cease operations. These factors raise substantial doubt about its ability to continue as a going concern. It is management's plan to fund current operations, which consists primarily of maintaining registration status, with loans and capital contributions from management, directors, and shareholders. Some of these loans will be from related parties. With no principal operations or revenues traditional financing and equity sales are not readily available as viable options and therefore not part of management's plan. There is no assurance that the Company will be able to obtain sufficient additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to the Company. Management cannot provide any assurance that the Company will be successful in accomplishing any of its plans. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Schedule of related party transactions	June 30, 2016 December 31, 2015 Note payable $ 88,468 $ 61,585 Accrued interest $ 8,754 $ 4,191

Organization and Description 11

Organization and Description of Business (Detail Textuals) - Merger Agreement - Big Time Acquisition, Inc. - Common stock Class A	6 Months Ended
	Jun. 30, 2016shares
Nature Of Organization [Line Items]
Number of common stock received under share exchange	90,000
Percentage of issued and outstanding stock acquired	100.00%
Restricted Stock
Nature Of Organization [Line Items]
Common stock shares issued under acquisition	90,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Related Party Transactions [Abstract]
Note payable	$ 88,468	$ 61,585
Accrued interest	$ 8,754	$ 4,191

Related Party Transactions (D13

Related Party Transactions (Details) (Detail Textuals) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Related Party Transactions [Abstract]
Note payable - related party	$ 26,883	$ 36,717
Annual interest rate accrued on promissory notes	12.00%