China Liaoning Dingxu Ecological Agriculture Development (CLAD) 10-Q 15 May 23 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	May 06, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	333-170480
Entity Registrant Name	CHINA LIAONING DINGXU ECOLOGICAL AGRICULTURE DEVELOPMENT, INC.
Entity Central Index Key	0001501958
Entity Tax Identification Number	80-0638212
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	17800 Castleton St
Entity Address, City or Town	City of Industry
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	91748
City Area Code	812
Local Phone Number	933-8888
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,845,619

Balance Sheet (Unaudited)

Balance Sheet (Unaudited) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current Assets
Total Checking/Savings	$ 46,305	$ 46,305
Total Other Current Assets
Total Current Assets	46,305	46,305
Total Fixed Assets	0	0
Other Assets	0	0
TOTAL ASSETS	46,305	46,305
Other Current Liabilities
Accrued Expense	2,100	1,800
Due to related Parties	81,058	81,058
Payroll Liabilities	0	0
Total Other Current Liabilities	83,158	82,858
Total Current Liabilities	83,158	82,858
Total Long Term Liabilities	0	0
Total Liabilities	83,158	82,858
Equity
Accumulated Other Income	(9,609,011)	(9,609,011)
Additional Paid In Capital	21,351,738	21,351,738
Common Stock $.001	14,845	14,845
Non-Controlling Interest	69,945	69,945
Retained Earnings	(11,864,069)	(11,844,542)
Net Income	(300)	(19,527)
Total Equity	(36,852)	(36,552)
TOTAL LIABILITIES & EQUITY	$ 46,305	$ 46,305

Profit and Loss (Unaudited)

Profit and Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Ordinary Income/Expense
Total Income	$ 0	$ 0	$ 0	$ 0
Total COGS	0	0	0	0
Gross Profit	0	0	0	0
Expense
Bank Charges/Fees	0	78	0	158
Computer and Internet	0	0	0	0
Depreciation Expense	0	0	0	0
Dues & Subscriptions	0	2,500	0	2,500
General/Admin Expense	0	0	0	0
Interest Expense	0	0	0	0
Office Supplies	0	0	0	0
Payroll Expenses	0	0	0	0
Total Professional Fees	0	16,237	300	16,837
Rent Expense	0	0	0	0
Total Expense	0	18,815	300	19,495
Net Ordinary Income	0	(18,815)	(300)	(19,495)
Other Income/Expense
Total Other Income	0	0	0	0
Other Expense	0	0	0	0
Net Other Income	0	0	0	0
Net Income	$ 0	$ (18,815)	$ (300)	$ (19,495)

Condensed Consolidated Statemen

Condensed Consolidated Statements of Changes in Stockholders Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Comprehensive Income [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 14,845	$ 21,351,738	$ (11,844,542)	$ (9,609,011)	$ 69,945	$ (17,025)
Shares, Outstanding, Beginning Balance at Dec. 31, 2020	14,845,619
Net Loss - 9.30.21
Other Comprehensive Income/(Loss)			(316)			(316)
Shares of Non-Controlling
Ending balance, value at Mar. 31, 2021	$ 14,845	21,351,738	(11,844,858)	(9,609,011)	69,945	(17,341)
Shares, Outstanding, Ending Balance at Mar. 31, 2021	14,845,619
Net Loss - 9.30.21
Other Comprehensive Income/(Loss)			(364)			(364)
Shares of Non-Controlling
Ending balance, value at Jun. 30, 2021	$ 14,845	21,351,738	(11,845,222)	(9,609,011)	69,945	(17,705)
Shares, Outstanding, Ending Balance at Jun. 30, 2021	14,845,619
Net Loss - 9.30.21
Other Comprehensive Income/(Loss)			(18,815)			(18,815)
Shares of Non-Controlling
Ending balance, value at Sep. 30, 2021	$ 14,845	21,351,738	(11,864,069)	(9,609,011)	69,945	(36,520)
Shares, Outstanding, Ending Balance at Sep. 30, 2021	14,845,619
Beginning balance, value at Dec. 31, 2021	$ 14,845	21,351,738	(11,844,542)	(9,609,011)	69,945	(36,552)
Shares, Outstanding, Beginning Balance at Dec. 31, 2021	14,845,619
Net Loss - 9.30.21
Other Comprehensive Income/(Loss)			(300)			(300)
Shares of Non-Controlling
Ending balance, value at Mar. 31, 2022	$ 14,845	21,351,738	(11,864,369)	(9,609,011)	69,945	(36,852)
Shares, Outstanding, Ending Balance at Mar. 31, 2022	14,845,619
Net Loss - 9.30.21
Other Comprehensive Income/(Loss)
Shares of Non-Controlling
Ending balance, value at Jun. 30, 2022	$ 14,845	21,351,738	(11,864,369)	(9,609,011)	69,945	(36,852)
Shares, Outstanding, Ending Balance at Jun. 30, 2022	14,845,619
Net Loss - 9.30.21
Other Comprehensive Income/(Loss)
Shares of Non-Controlling
Ending balance, value at Sep. 30, 2022	$ 14,845	$ 21,351,738	$ (11,864,369)	$ (9,609,011)	$ 69,945	$ (36,852)
Shares, Outstanding, Ending Balance at Sep. 30, 2022	14,845,619

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
OPERATING ACTIVITIES
Net Income	$ (300)	$ (19,495)
Adjustments to reconcile Net Income to net cash provided by operations:
Inventory
Other Current Assets
Accounts Payable		15,557
Accrued Expense	300	600
Due to related Parties
Payroll Liabilities
Net cash provided by Operating Activities		(3,338)
INVESTING ACTIVITIES
Land Right Use
Prepaid Lease
Property Plant & Equipment
Net cash provided by Investing Activities
FINANCING ACTIVITIES
Long Term Payable
Accumulated Other Income
Additional Paid In Capital
Capital Stock
Common Stock $.001
Dividends Paid
Non-Controlling Interest
Opening Balance Equity
Retained Earnings
Net cash provided by Financing Activities
Net cash increase for period		(3,338)
Cash at beginning of period	46,305	4,675
Cash at end of period	$ 46,305	$ 1,337

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared by management in accordance with both accounting principles generally accepted in the United States (“GAAP”), and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and note disclosures normally included in audited financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. In the opinion of management, the balance sheet as of September 30, 2022 which has been derived from unaudited financial statements and these unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary to state fairly the results for the periods presented. The results for the period ended September 30, 2022 are not necessarily indicative of the results to be expected for the entire fiscal year ending December 31, 2021 or for any future period. These unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with the Management’s Discussion and the audited financial statements and notes thereto included in the Form 10-K for the year ended December 31, 2021.

DESCRIPTION OF BUSINESS AND ORG

DESCRIPTION OF BUSINESS AND ORGANIZATION	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
DESCRIPTION OF BUSINESS AND ORGANIZATION	2. DESCRIPTION OF BUSINESS AND ORGANIZATION (i) China Liaoning Dingxu Ecological Agriculture Development, Inc. (“CLAD”), formerly known as Hazlo! Technologies, Inc., a Nevada corporation; (ii) China Liaoning DingXu Ecological Agriculture Development Co, Ltd., a BVI company (“DingXu BVI”), a wholly-owned subsidiary of CLAD; (iii) Panjin Hengrun Biological Technology Development Co., Ltd. 盘锦恒润生物技术开发有限公司, a limited liability company organized under the laws of the People’s Republic of China and a ninety-nine percent owned subsidiary of DingXu BVI (“Panjin Hengrun”); (iv) Liaoning Dingxu Ecological Agriculture Development Co., Ltd.辽宁鼎旭生态农业发展有限公司, a limited liability company organized under the laws of the People’s Republic of China and an affiliated entity of Panjin Hengrun through contractual arrangements (“Liaoning Dingxu”). “ China” or “PRC” refers to the People’s Republic of China, excluding Hong Kong, Macau and Taiwan. “ RMB” or “Renminbi” refers to the legal currency of China and “$” or “U.S. Dollars” refers to the legal currency of the United States. We make no representation that the RMB or U.S. Dollar amounts referred to in this report could have been or could be converted into U.S. Dollars or RMB, as the case may be, at any particular rate or at all.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). The accompanying financial statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany transactions and balances were eliminated in consolidation. As of September 30, 2022, there was no subsidiary held by the Company. Use of estimates Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheet, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates. Going Concern The accompanying 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. During the nine months ended September 30, 2022, the Company incurred a loss before income tax of $ 300 0 The Company’s ability to continue as a going concern is dependent upon improving its profitability and the continuing financial support from its shareholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due. Despite the amount of funds that we have raised, no assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity financing. Cash and cash equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. Fair value of financial instruments The carrying value of the Company’s financial instruments: cash and cash equivalents, prepayments, amount due to a director and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. The Company follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: · Level 1 : Observable inputs such as quoted prices in active markets; · Level 2 : Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and · Level 3 : Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions information regarding the impact of the adoption of ASC 842 on the Company’s financial statements. Recent accounting pronouncements In November 2016, the FASB issued Accounting Standards Update No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (ASU 2016-18), which requires companies to include amounts generally described as restricted cash and restricted cash equivalents in cash and cash equivalents when reconciling beginning-of-period and end-of-period total amounts shown on the statement of cash flows. We adopted the new standard effective January 1, 2018, and the standard did not have a material impact on our financial statements. In January 2017, the FASB issued Accounting Standards Update No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business (ASU 2017-01), which revises the definition of a business and provides new guidance in evaluating when a set of transferred assets and activities is a business. We adopted the new standard effective January 1, 2018 on a prospective basis. The new standard did not have a material impact on our consolidated financial statements. The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

PREPAID EXPENSES AND OTHER RECE

PREPAID EXPENSES AND OTHER RECEIVABLES	9 Months Ended
	Sep. 30, 2022
Credit Loss [Abstract]
PREPAID EXPENSES AND OTHER RECEIVABLES	4. PREPAID EXPENSES AND OTHER RECEIVABLES None.

ACCRUED LIABILITIES

ACCRUED LIABILITIES	9 Months Ended
	Sep. 30, 2022
Payables and Accruals [Abstract]
ACCRUED LIABILITIES	5. ACCRUED LIABILITIES The accrued liabilities as of September 30, 2022 included the transfer agent’s fee of $ 2,100 1,800

AMOUNT DUE TO RELATED PARTY

AMOUNT DUE TO RELATED PARTY	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
AMOUNT DUE TO RELATED PARTY	6. AMOUNT DUE TO RELATED PARTY As of September 30, 2022, and December 31, 2021, our directors has loaned to the Company $ 81,058 81,058

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
STOCKHOLDERS’ EQUITY	7. STOCKHOLDERS’ EQUITY As of September 30, 2022, and December 31, 2021, there were 14,845,619 14,845,619 There were no

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	8. SUBSEQUENT EVENTS None.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). The accompanying financial statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany transactions and balances were eliminated in consolidation. As of September 30, 2022, there was no subsidiary held by the Company.
Use of estimates	Use of estimates Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheet, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.
Going Concern	Going Concern The accompanying 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. During the nine months ended September 30, 2022, the Company incurred a loss before income tax of $ 300 0 The Company’s ability to continue as a going concern is dependent upon improving its profitability and the continuing financial support from its shareholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due. Despite the amount of funds that we have raised, no assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity financing.
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.
Fair value of financial instruments	Fair value of financial instruments The carrying value of the Company’s financial instruments: cash and cash equivalents, prepayments, amount due to a director and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. The Company follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: · Level 1 : Observable inputs such as quoted prices in active markets; · Level 2 : Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and · Level 3 : Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions information regarding the impact of the adoption of ASC 842 on the Company’s financial statements.
Recent accounting pronouncements	Recent accounting pronouncements In November 2016, the FASB issued Accounting Standards Update No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (ASU 2016-18), which requires companies to include amounts generally described as restricted cash and restricted cash equivalents in cash and cash equivalents when reconciling beginning-of-period and end-of-period total amounts shown on the statement of cash flows. We adopted the new standard effective January 1, 2018, and the standard did not have a material impact on our financial statements. In January 2017, the FASB issued Accounting Standards Update No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business (ASU 2017-01), which revises the definition of a business and provides new guidance in evaluating when a set of transferred assets and activities is a business. We adopted the new standard effective January 1, 2018 on a prospective basis. The new standard did not have a material impact on our consolidated financial statements. The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	9 Months Ended
	Sep. 30, 2022 USD ($)
Accounting Policies [Abstract]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ 300
OperatingCashUsedInPeriod	$ 0

ACCRUED LIABILITIES (Details Na

ACCRUED LIABILITIES (Details Narrative) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Transfer Agent Fees [Member]
Offsetting Assets [Line Items]
Accrued Liabilities	$ 2,100	$ 1,800

AMOUNT DUE TO RELATED PARTY (De

AMOUNT DUE TO RELATED PARTY (Details Narrative) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Related Party Transactions [Abstract]
[custom:DueToRelatedPartiesCurrent1-0]	$ 81,058	$ 81,058

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - shares	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2022
Equity [Abstract]
Common Stock, Shares, Outstanding	14,845,619	14,845,619
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0