Qiansui International (QIAN) 10-Q 2 Dec 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 28, 2022
Cover [Abstract]
Entity Registrant Name	Qiansui International Group Co. Ltd.
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	false
Entity Current Reporting Status	No
Document Period End Date	Sep. 30, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Entity Common Stock Shares Outstanding		7,008,989
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	7th Floor, Naiten Building, No. 1
Entity Address Address Line 2	Six Li Oiao
Entity Address City Or Town	Fentai District
Entity Address Country	CN
Entity Address Postal Zip Code	100161
City Area Code	86
Local Phone Number	1370-139-9692
Entity Interactive Data Current	No

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash	$ 0	$ 0
Prepaid expense	8,268	1,588
Total current assets	8,268	1,588
Total assets	8,268	1,588
Current liabilities:
Accounts payable	5,148	424
Accrued interest - related party	13,021	332
Promissory note - related party	162,888	116,804
Total current liabilities	181,057	117,560
Total liabilities	181,057	117,560
Stockholders' deficit:
Preferred stock: 50,000,000 authorized; $0.000006 par value; no shares issued and outstanding	0	0
Additional paid-in capital	244,276	244,276
Accumulated deficit	(417,107)	(360,290)
Total stockholders' deficit	(172,789)	(115,972)
Total liabilities and stockholders' deficit	8,268	1,588
Common Stock Class A [Member]
Stockholders' deficit:
Common stock value	42	42
Common Stock Class B [Member]
Stockholders' deficit:
Common stock value	$ 0	$ 0

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
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 authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	7,008,989	7,008,989
Common stock, shares outstanding	7,008,989	7,008,989
Common stock, shares par value	$ 0.000006	$ 0.000006
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

Condensed Statements Of Compreh

Condensed Statements Of Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Operating expenses:
General and administrative	$ 290	$ 271	$ 1,165	$ 3,884
Professional fees	14,200	36,953	42,964	37,911
Total operating expenses	14,490	37,224	44,129	41,795
Loss from operations	(14,490)	(37,224)	(44,129)	(41,795)
Other expense:
Interest expense	(4,946)	(3,442)	(12,688)	(9,403)
Total other expense	(4,946)	(3,442)	(12,688)	(9,403)
Net loss before provision for income taxes	(19,436)	(40,666)	(56,817)	(51,198)
Income tax benefit	0	0	0	0
Net loss	$ (19,436)	$ (40,666)	$ (56,817)	$ (51,198)
Basic and dilutive net loss per common share	$ 0	$ (0.01)	$ (0.01)	$ (0.01)
Weighted average number of common shares outstanding - basic and diluted	7,008,989	5,664,989	7,008,989	5,664,989

Condensed Statements of Changes

Condensed Statements of Changes in Stockholders Deficit (Unaudited) - USD ($)	Total	Preferred Stock	Common Stock	Additional Paid in Capital	Accumulated Deficit
Balance, shares at Dec. 31, 2020			5,664,989
Balance, amount at Dec. 31, 2020	$ (106,799)	$ 0	$ 34	$ 177,084	$ (283,917)
Net loss for the period	(7,447)	0	$ 0	0	(7,447)
Balance, shares at Mar. 31, 2021			5,664,989
Balance, amount at Mar. 31, 2021	(114,246)	0	$ 34	177,084	(291,364)
Balance, shares at Dec. 31, 2020			5,664,989
Balance, amount at Dec. 31, 2020	(106,799)	0	$ 34	177,084	(283,917)
Net loss for the period	(51,198)
Balance, shares at Sep. 30, 2021			5,664,989
Balance, amount at Sep. 30, 2021	(157,997)	0	$ 34	177,084	(335,115)
Balance, shares at Mar. 31, 2021			5,664,989
Balance, amount at Mar. 31, 2021	(114,246)	0	$ 34	177,084	(291,364)
Net loss for the period	(3,085)	0	$ 0	0	(3,085)
Balance, shares at Jun. 30, 2021			5,664,989
Balance, amount at Jun. 30, 2021	(117,331)	0	$ 34	177,084	(294,449)
Net loss for the period	(40,666)	0	$ 0	0	(40,666)
Balance, shares at Sep. 30, 2021			5,664,989
Balance, amount at Sep. 30, 2021	(157,997)	0	$ 34	177,084	(335,115)
Balance, shares at Dec. 31, 2021			7,008,989
Balance, amount at Dec. 31, 2021	(115,972)	0	$ 42	244,276	(360,290)
Net loss for the period	(12,291)	0	$ 0	0	(12,291)
Balance, shares at Mar. 31, 2022			7,008,989
Balance, amount at Mar. 31, 2022	(128,263)	0	$ 42	244,276	(372,581)
Balance, shares at Dec. 31, 2021			7,008,989
Balance, amount at Dec. 31, 2021	(115,972)	0	$ 42	244,276	(360,290)
Net loss for the period	(56,817)
Balance, shares at Sep. 30, 2022			7,008,989
Balance, amount at Sep. 30, 2022	(172,789)	0	$ 42	244,276	(417,107)
Balance, shares at Mar. 31, 2022			7,008,989
Balance, amount at Mar. 31, 2022	(128,263)	0	$ 42	244,276	(372,581)
Net loss for the period	(25,090)	0	$ 0	0	(25,090)
Balance, shares at Jun. 30, 2022			7,008,989
Balance, amount at Jun. 30, 2022	(153,353)	0	$ 42	244,276	(397,671)
Net loss for the period	(19,436)	0	$ 0	0	(19,436)
Balance, shares at Sep. 30, 2022			7,008,989
Balance, amount at Sep. 30, 2022	$ (172,789)	$ 0	$ 42	$ 244,276	$ (417,107)

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net loss	$ (56,817)	$ (51,198)
Adjustments to reconcile net loss to net cash used in operations:
Stockholder advances funding operations	46,084	43,084
Changes in operating assets and liabilities:
Prepaid expense	(6,680)	(2,500)
Accounts payable	4,724	1,239
Accrued interest - related party	12,689	9,375
Net cash used in operating activities	0	0
Net change in cash	0	0
Cash at beginning of period	0	0
Cash at end of period	0	0
Supplemental cash flow information
Cash paid for interest	0	27
Cash paid for taxes	$ 0	$ 0

GOING CONCERN AND LIQUIDITY CON

GOING CONCERN AND LIQUIDITY CONSIDERATIONS	9 Months Ended
	Sep. 30, 2022
GOING CONCERN AND LIQUIDITY CONSIDERATIONS
NOTE 1 - GOING CONCERN AND LIQUIDITY CONSIDERATIONS	NOTE 1 – GOING CONCERN AND LIQUIDITY CONSIDERATIONS 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. Currently, the Company does not have material assets, nor does it have operations or a source of revenue sufficient to cover its operation costs and allow it to continue as a going concern. The Company has an accumulated deficit of $417,107. The Company will be dependent upon the raising of additional capital through placement of 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.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF 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 (“GAAP”) 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 results 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, 2021 as filed with the SEC on June 27, 2022. Use of Estimates The preparation of financial statements in conformity with GAAP 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. The estimates and judgments will also affect the reported amounts for certain expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2022
RELATED-PARTY TRANSACTIONS
NOTE 3 - RELATED-PARTY TRANSACTIONS	NOTE 3 - RELATED-PARTY TRANSACTIONS Loan Payable During the nine months ended September 30, 2022, the Company’s officer paid operating expenses totalling $46,084 on behalf of the Company, which amounts for the period ended September 30, 2022 are included in the promissory note between the parties. The payable is on demand, unsecured and accrues an annual interest rate of 12%. Promissory Note On December 31, 2021, the Company issued a promissory note to the majority shareholder, sole officer and director of the Company, for principal of $116,804 and accrued interest of $332. The amount was originally due to a corporation controlled by the Company’s former officer of the Company and operating expenses paid by the Company’s officer. The promissory note is payable on demand and accrue an annual interest rate of 12%. For the three and nine months ended September 30, 2022, the Company accrued interest of $4,946 and $12,688, respectively. For the three and nine months ended September 30, 2021, the Company accrued interest of $3,442 and $9,403, respectively. As of September 30, 2022, and December 31, 2021, the Company has recorded outstanding principal of $162,888 and $116,804 and accrued interest payable of $13,021 and $332, respectively. The Company plans to pay the note payable and accrued interest as cash flows become available or if agreeable to the maker, convert the promissory note to common stock of the Company.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2022
INCOME TAXES
NOTE 4 - INCOME TAXES	NOTE 4 – INCOME TAXES Income tax expense was $0 for the three and nine months ended September 30, 2022 and 2021, respectively. As of January 1, 2022, the Company had no unrecognized tax benefits, and accordingly, the Company did not recognize interest or penalties during 2022 related to unrecognized tax benefits. There has been no change in unrecognized tax benefits during the nine months ended September 30, 2022 and there was no accrual for uncertain tax positions as of September 30, 2022. Tax years from 2017 through 2021 remain subject to examination by major tax jurisdictions. There is no income tax benefit for the losses for the three and nine months ended September 30, 2022 and 2021, since management has determined that the realization of the net tax deferred asset is not assured and has created a valuation allowance for the entire amount of such benefits.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2022
SUMMARY OF 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 (“GAAP”) 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 results 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, 2021 as filed with the SEC on June 27, 2022.
Use of Estimates	The preparation of financial statements in conformity with GAAP 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. The estimates and judgments will also affect the reported amounts for certain expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.

GOING CONCERN AND LIQUIDITY C_2

GOING CONCERN AND LIQUIDITY CONSIDERATIONS (Details Narrative)	Sep. 30, 2022 USD ($)
GOING CONCERN AND LIQUIDITY CONSIDERATIONS
Accumulated deficit	$ (417,107)

RELATEDPARTY TRANSACTIONS (Deta

RELATEDPARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Operating expenses			$ 46,084
Unsecured and accrue interest rate			12%
Accrued interest - related party	$ 13,021		$ 13,021		$ 332
Promissory note - related party	162,888		162,888		116,804
Interest expense	$ 4,946	$ 3,442	$ 12,688	$ 9,403
Sole officer and director [Member]
Accrued interest - related party					332
Promissory note - related party					$ 116,804
Unsecured and accrued interest rate					12%

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
INCOME TAXES
Income tax expense	$ 0	$ 0	$ 0	$ 0