Qiansui International (QIAN) 10-Q 1 Jun 20 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 29, 2020
Document And Entity Information
Entity Registrant Name	ARIEL CLEAN ENERGY, INC.
Entity Central Index Key	0001499684
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	true
Entity Emerging Growth Company	true
Entity Current Reporting Status	No
Document Period End Date	Mar. 31, 2019
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		113,296,421
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-54159
Entity Incorporation State Country Code	DE
Entity Tax Identification Number	84-1209978
Entity Address Address Line 1	86 Broad St., 18th Floor,
Entity Address City Or Town	New York
Entity Address State Or Province	NY
Entity Address Postal Zip Code	10004
City Area Code	347
Local Phone Number	690-5187
Entity Interactive Data Current	Yes

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Current liabilities:
Accounts payable and accrued liabilities	$ 12,121	$ 12,096
Accrued interest - related party	4,760	4,040
Note payable - related party	24,339	24,339
Total current liabilities	41,220	40,475
Total liabilities	41,220	40,475
Shareholders' deficit:
Additional paid-in capital	176,438	176,438
Accumulated deficit	(218,338)	(217,593)
Total shareholders' deficit	(41,220)	(40,475)
Common Stock Class A [Member]
Shareholders' deficit:
Common stock value	$ 680	$ 680

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Shareholders' deficit
Preferred stock, shares par value	$ 0.000006	$ 0.000006
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Stock Class A [Member]
Shareholders' deficit
Common stock, shares par value	$ 0.000006	$ 0.000006
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	113,296,421	113,296,421
Common stock, shares outstanding	113,296,421	113,296,421
Common Stock Class B [Member]
Shareholders' deficit
Common stock, shares par value	$ 0.000006	$ 0.000006
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0

STATEMENTS OF OPERATIONS (Unaud

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating expenses:
General and administrative		$ 2,572
Professional fees	$ 25	7,182
Total operating expenses	25	9,754
Loss from operations	(25)	(9,754)
Other expense:
Interest expense	(720)	(616)
Total other expense	(720)	(616)
Net loss	$ (745)	$ (10,370)
Basic and dilutive net loss per common share	$ 0	$ 0
Weighted average number of common shares outstanding - basic and diluted	113,296,421	113,296,421

STATEMENTS OF SHAREHOLDERS DEFI

STATEMENTS OF SHAREHOLDERS DEFICIT (Unaudited) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit
Balance, shares at Dec. 31, 2017		113,296,421
Balance, amount at Dec. 31, 2017	$ (19,151)	$ 680	$ 176,438	$ (196,269)
Net loss for the period	(10,370)			(10,370)
Balance, shares at Mar. 31, 2018		113,296,421
Balance, amount at Mar. 31, 2018	(29,521)	$ 680	176,438	(206,639)
Balance, shares at Dec. 31, 2018		113,296,421
Balance, amount at Dec. 31, 2018	(40,475)	$ 680	176,438	(217,593)
Net loss for the period	(745)			(745)
Balance, shares at Mar. 31, 2019		113,296,421
Balance, amount at Mar. 31, 2019	$ (41,220)	$ 680	$ 176,438	$ (218,338)

STATEMENTS OF CASH FLOWS (Unaud

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net loss	$ (745)	$ (10,370)
Changes in operating assets and liabilities:
Prepaid expenses		2,500
Accounts payable and accrued expenses	25	5,915
Notes payable - related party		1,339
Accrued interest - related party	$ 720	616
Non-cash financing transactions:
Note payable - related party		$ 1,339

DESCRIPTION OF BUSINESS, AND GO

DESCRIPTION OF BUSINESS, AND GOING CONCERN	3 Months Ended
	Mar. 31, 2019
DESCRIPTION OF BUSINESS, AND GOING CONCERN
NOTE 1 - DESCRIPTION OF BUSINESS, AND GOING CONCERN	Ariel Clean Energy Inc. (“Ariel” or “the Company”) is currently seeking new business opportunities with established business entities for merger with or acquisition of a target business. Going concern The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. 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 in existence. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. The officers and directors have committed to advancing certain operating costs of the Company, including compliance costs for being a public company.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2019
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, 2018, as filed with the SEC on May 7, 2020.

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2019
RELATED-PARTY TRANSACTIONS
NOTE 3 - RELATED-PARTY TRANSACTIONS	Note Payable During the three months ended March 31, 2019 and 2018, a corporation controlled by the Company’s officers paid operating expenses totaling $0 and $1,339 on behalf of the Company, respectively. Unpaid balances are due on demand and with an annual interest rate of 12%. For the three months ended March 31, 2019 and 2018, interest expense was $720 and $616, respectively. Note payable and accrued interest at March 31, 2019 and December 31, 2018 consist of the following:   March 31,  December 31,   2019  2018 Note payable $24,339  $24,339 Accrued interest $4,760  $4,040

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2019
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, 2018, as filed with the SEC on May 7, 2020.

RELATED-PARTY TRANSACTIONS (Tab

RELATED-PARTY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2019
RELATED-PARTY TRANSACTIONS
Schedule of Note Payable and Accrued Interest	March 31,  December 31,   2019  2018 Note payable $24,339  $24,339 Accrued interest $4,760  $4,040

RELATED-PARTY TRANSACTIONS (Det

RELATED-PARTY TRANSACTIONS (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
RELATED-PARTY TRANSACTIONS
Notes payable	$ 24,339	$ 24,339
Accrued interest	$ 4,760	$ 4,040

RELATED-PARTY TRANSACTIONS (D_2

RELATED-PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Officers paid operating expenses		$ 1,339
Interest expense	$ 720	616
Related Party Transaction [Member]
Officers paid operating expenses	0	1,339
Interest expense	$ 720	$ 616
Annual interest rate accrued on promissory notes	1200.00%