Cover
Cover - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2020 | |
Cover [Abstract] | ||
Document Type | 10-K | |
Amendment Flag | false | |
Document Annual Report | true | |
Document Transition Report | false | |
Document Period End Date | Dec. 31, 2022 | |
Document Fiscal Period Focus | FY | |
Document Fiscal Year Focus | 2022 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 333-179302 | |
Entity Registrant Name | Vanjia Corporation | |
Entity Central Index Key | 0001532383 | |
Entity Tax Identification Number | 45-3051284 | |
Entity Incorporation, State or Country Code | TX | |
Entity Address, Address Line One | 4771 Sweetwater Blvd | |
Entity Address, Address Line Two | #199 | |
Entity Address, City or Town | Sugar Land | |
Entity Address, State or Province | TX | |
Entity Address, Postal Zip Code | 77479 | |
City Area Code | 713 | |
Local Phone Number | 898-6818 | |
Entity Well-known Seasoned Issuer | No | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Public Float | $ 60,000 | |
Entity Common Stock, Shares Outstanding | 6,000,000 | |
Auditor Name | Yusufali & Associates, LLC | |
Auditor Location | Short Hills, New Jersey | |
Auditor Firm ID | 3313 |
Balance Sheets
Balance Sheets - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Current Assets | ||
Cash and Cash equivalents | $ 18,134 | $ 29,546 |
Account Receivables | 0 | 0 |
Land Held for Investment | 742,000 | 742,000 |
TOTAL ASSETS | 760,134 | 771,546 |
Current Liabilities | ||
Due to Shareholder | ||
Total Current Liabilities | ||
Stockholders' Equity | ||
Preferred Stock, $0.0001 Par value, 8,888,888,888 shares authorized, -0- shares issued -0- an outstanding as of December 31, 2022 and 2021 | ||
Common Stock, par value $0.0001 per share, 9,999,999,999 shares authorized, 30,000,000 shares issued and outstanding as of December 31, 2022 and 2021, respectively | 3,000 | 3,000 |
Stock Subscription Receivable | ||
Additional Paid-In Capital | 936,400 | 936,400 |
Accumulated Deficit | (179,266) | (167,854) |
Total Stockholders' Equity | 760,134 | 771,546 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ 760,134 | $ 771,546 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2022 | Dec. 31, 2021 |
Statement of Financial Position [Abstract] | ||
Preferred Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Preferred Stock, Shares Authorized | 8,888,888,888 | 8,888,888,888 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Authorized | 9,999,999,999 | 9,999,999,999 |
Common Stock, Shares, Issued | 30,000,000 | 30,000,000 |
Common Stock, Shares, Outstanding | 30,000,000 | 30,000,000 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Income Statement [Abstract] | ||
Revenue | $ 34,160 | |
General and Administrative Expenses | (11,412) | (32,373) |
Profit/Loss from Operations | (11,412) | 1,787 |
Provision for Income Taxes | ||
Net Loss | $ (11,412) | $ 1,787 |
Net Loss Per Share: Basic and Diluted | $ 0 | $ 0 |
Weighted Average Shares Outstanding: Basic and Diluted | 30,000,000 | 30,000,000 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Cash Flows from Operating Activities: | ||
Net Loss | $ (11,412) | $ 1,787 |
Adjustments to reconcile net loss to net cash used in operations: | ||
Impairment charges | ||
Increase due to shareholder | ||
Net cash used in operating activities | (11,412) | 1,787 |
Cash Flows from Financing Activities: | ||
Proceeds from Issuance of Common Stock | ||
Net cash provided by financing activities | ||
Net increase in cash and cash equivalents | (11,412) | 1,787 |
Beginning | 29,546 | 27,759 |
Ending | 18,134 | 29,546 |
Supplemental disclosure of cash flows: | ||
Interest expense | ||
Income tax expense |
Statements of Stockholders Equi
Statements of Stockholders Equity - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Shares, Issued at Dec. 31, 2020 | 30,000,000 | |||
Beginning Balance, Amount at Dec. 31, 2020 | $ 3,000 | $ 936,400 | $ (169,641) | $ 769,759 |
Net Profit/Loss | 1,787 | 1,787 | ||
Shares, Issued at Dec. 31, 2021 | 30,000,000 | |||
Ending Balance, Amount at Dec. 31, 2021 | $ 3,000 | 936,400 | (167,854) | 771,546 |
Net Profit/Loss | (11,412) | (11,412) | ||
Shares, Issued at Dec. 31, 2022 | 30,000,000 | |||
Ending Balance, Amount at Dec. 31, 2022 | $ 3,000 | $ 936,400 | $ (179,266) | $ 760,134 |
1. NATURE OF OPERATIONS AND SUM
1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES | 1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES Basis of Presentation and Organization Vanjia Corporation, a company was incorporated on August 19, 2011 in the State of Texas. The Company business plan is to build affordable homes in Houston, Texas. In 2023, the Company began a business to enroll students for real estate licensing courses. The Company's year-end is December 31. Note 1: Going Concern These financial statements were prepared on the basis of accounting principles applicable to going concern, which assumes the realization of assets and discharge of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company had an accumulated deficit of $ 179,266 ($11,412 Note 2: Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America, 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 amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Note 3: Cash and Cash equivalent Cash and cash equivalents include cash and all highly liquid instruments with original maturities of three months or less. Note 4: Net Income (Loss) per Share Basic income (loss) per share is computed by dividing net income by weighted average number of shares of common stock outstanding during each period. Diluted income(loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. At December 31, 2022 and 2021, the Company does not have any outstanding common stock equivalents; therefore, a separate computation of diluted loss per share is not presented. Note 5: Income Taxes The Company accounts for income taxes in accordance with ASC 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when, in the opinion of management, it is more likely than not that some or all the deferred tax assets will not be realized. Recent Accounting Pronouncements The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its result of operations, financial position or cash flow. |
Note 5_ INCOME TAXES
Note 5: INCOME TAXES | 12 Months Ended |
Dec. 31, 2022 | |
Income Tax Disclosure [Abstract] | |
Note 5: INCOME TAXES | Note 5: INCOME TAXES As of December 31,2022, the Company had net operating loss carry forwards of approximately $ 179,266 The provision for federal income tax consists of the following for the years ended December 31: 2022 2021 Current $ — $ — Deferred — — Net provision for income taxes $ — $ — The difference between the effective rate reflected in the provision for income taxes on loss before taxes and the amounts determined by applicable statutory U.S. tax rate for the years ended December 31, 2022 and 2021 are analyzed below: 2022 2021 U.S. federal statutory income tax rate 21 % 21 % Provisional re-measurement of deferred taxes 0 % 0 % Changes in valuation allowance (21 )% (21 )% Effective income tax rate 0 % 0 % Significant components of the Company's deferred taxes as of December 31, 2021 and 2020 were as follows: Deferred tax asset attributable to: December 31, 2022 December 31, 2021 Net operating loss carryover $ (11,412 ) $ (42,330 ) Less: valuation allowance — — Net deferred tax asset $ (11,412 ) $ (42,330 ) |
Note 6_ LINE OF CREDIT
Note 6: LINE OF CREDIT | 12 Months Ended |
Dec. 31, 2022 | |
Debt Disclosure [Abstract] | |
Note 6: LINE OF CREDIT | Note 6: LINE OF CREDIT The Company has available a line of credit with an officer and shareholder that provided maximum borrowing up to $ 5,000,000 3 0 0 |
Note 7_ SUBSEQUENT EVENTS
Note 7: SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2022 | |
Subsequent Events [Abstract] | |
Note 7: SUBSEQUENT EVENTS | Note 7: SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date which the financial statements were available to be issued. All subsequent events requiring recognition as of December 31, 2022 have been incorporated into these financial statements and there are no subsequent events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events.” |
1. NATURE OF OPERATIONS AND S_2
1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Basis of Presentation and Organization | Basis of Presentation and Organization Vanjia Corporation, a company was incorporated on August 19, 2011 in the State of Texas. The Company business plan is to build affordable homes in Houston, Texas. In 2023, the Company began a business to enroll students for real estate licensing courses. The Company's year-end is December 31. |
Note 1: Going Concern | Note 1: Going Concern These financial statements were prepared on the basis of accounting principles applicable to going concern, which assumes the realization of assets and discharge of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company had an accumulated deficit of $ 179,266 ($11,412 |
Note 2: Use of Estimates | Note 2: Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America, 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 amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. |
Note 3: Cash and Cash equivalent | Note 3: Cash and Cash equivalent Cash and cash equivalents include cash and all highly liquid instruments with original maturities of three months or less. |
Note 4: Net Income (Loss) per Share | Note 4: Net Income (Loss) per Share Basic income (loss) per share is computed by dividing net income by weighted average number of shares of common stock outstanding during each period. Diluted income(loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. At December 31, 2022 and 2021, the Company does not have any outstanding common stock equivalents; therefore, a separate computation of diluted loss per share is not presented. |
Note 5: Income Taxes | Note 5: Income Taxes The Company accounts for income taxes in accordance with ASC 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when, in the opinion of management, it is more likely than not that some or all the deferred tax assets will not be realized. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its result of operations, financial position or cash flow. |
Note 5_ INCOME TAXES (Tables)
Note 5: INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Income Tax Disclosure [Abstract] | |
Federal Income Tax Provision | 2022 2021 Current $ — $ — Deferred — — Net provision for income taxes $ — $ — |
INCOME TAXES - Effective Tax Rate | 2022 2021 U.S. federal statutory income tax rate 21 % 21 % Provisional re-measurement of deferred taxes 0 % 0 % Changes in valuation allowance (21 )% (21 )% Effective income tax rate 0 % 0 % |
INCOME TAXES - Deferred Taxes | Deferred tax asset attributable to: December 31, 2022 December 31, 2021 Net operating loss carryover $ (11,412 ) $ (42,330 ) Less: valuation allowance — — Net deferred tax asset $ (11,412 ) $ (42,330 ) |
1. NATURE OF OPERATIONS AND S_3
1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Accounting Policies [Abstract] | ||
Retained Earnings (Accumulated Deficit) | $ 179,266 | $ 167,854 |
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $ (11,412) |
Federal Income Tax Provision (D
Federal Income Tax Provision (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | ||
Current | ||
Deferred |
INCOME TAXES - Effective Tax Ra
INCOME TAXES - Effective Tax Rate (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | ||
U.S. federal statutory income tax rate | 21% | 21% |
Provisional re-measurement of deferred taxes | 0% | 0% |
Changes in valuation allowance | (21.00%) | (21.00%) |
Effective income tax rate | 0% | 0% |
INCOME TAXES - Deferred Taxes (
INCOME TAXES - Deferred Taxes (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Income Tax Disclosure [Abstract] | ||
Net operating loss carryover | $ (11,412) | $ (42,330) |
Less: valuation allowance | ||
Net deferred tax asset | $ (11,412) | $ (42,330) |
Note 5_ INCOME TAXES (Details N
Note 5: INCOME TAXES (Details Narrative) | Dec. 31, 2022 USD ($) |
Income Tax Disclosure [Abstract] | |
Operating Loss Carryforwards, Valuation Allowance | $ 179,266 |
Note 6_ LINE OF CREDIT (Details
Note 6: LINE OF CREDIT (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Debt Disclosure [Abstract] | ||
Line of Credit Facility, Maximum Borrowing Capacity | $ 5,000,000 | |
Line of Credit Facility, Interest Rate During Period | 3% | |
Line of Credit Facility, Fair Value of Amount Outstanding | $ 0 | $ 0 |