Cover
Cover | 3 Months Ended |
Mar. 31, 2024 shares | |
Cover [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Quarterly Report | true |
Document Transition Report | false |
Document Period End Date | Mar. 31, 2024 |
Document Fiscal Period Focus | Q1 |
Document Fiscal Year Focus | 2024 |
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 | Sweetwater Blvd |
Entity Address, Address Line Two | Unit 199 |
Entity Address, City or Town | Sugar Land |
Entity Address, State or Province | TX |
Entity Address, Postal Zip Code | 77479-3121 |
City Area Code | 832 |
Local Phone Number | 289-3219 |
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 Common Stock, Shares Outstanding | 6,000,000 |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Current Assets | ||
Cash and Cash equivalents | $ 82,014 | $ 22,568 |
Account Receivables | 68,985 | |
Total current Assets | 82,014 | 91,553 |
Land Held for Investment | 742,000 | 742,000 |
Total Assets | 824,014 | 833,553 |
Current Liabilities: | ||
Total Current Liabilities | ||
Stockholders' Equity | ||
Common stock, par value $0.0001 per share, 9,999,999,999 shares authorized, 30,000,000 shares issued and outstanding as of March 31, 2023 and December 31, 2022 | 3,000 | 3,000 |
Preferred Stock, par value $0.0001 per share, 8,888,888,888 shares authorized, 0 issued and outstanding as of March 31, 2023 and December 31, 2022 | ||
Additional Paid-In Capital | 936,400 | 936,400 |
Deficit accumulated during development stage | (115,386) | (105,847) |
Total stockholders' equity | 824,014 | 833,553 |
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY | $ 824,014 | $ 833,553 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - $ / shares | Mar. 31, 2024 | Dec. 31, 2023 |
Statement of Financial Position [Abstract] | ||
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 |
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 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Income Statement [Abstract] | ||
Revenue: | $ 50,000 | |
General and Administrative expenses | 9,539 | 4,509 |
Income (Loss) from operation | (9,539) | 45,491 |
Income (loss) before Income taxes | (9,539) | 45,491 |
Provision for income taxes: | ||
Net Profit/Loss | $ (9,539) | $ 45,491 |
Net Loss Per Shares Basic and diluted | $ 0 | $ 0 |
Weighted Average Shares Outstanding: Basic and diluted | 30,000,000 | 30,000,000 |
STATEMENT OF CASH FLOW
STATEMENT OF CASH FLOW - USD ($) | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net Profit/Loss | $ 9,539 | $ (45,491) |
Adjustments to reconcile net loss to cash provided by operating activities: | ||
Account receivable | 58,850 | |
Net cash provided by operating activities: | 68,389 | (45,491) |
Net Increase (decrease) in cash and cash equivalents | 68,389 | (45,491) |
Beginning | 13,625 | 18,134 |
Ending | 82,014 | 13,625 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS: | ||
Interest Expenses | ||
Income Tax Expense |
STATEMENTS OF STOCKHOLDERS EQUI
STATEMENTS OF STOCKHOLDERS EQUITY - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Receivables from Stockholder [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2022 | $ 3,000 | $ 936,400 | $ 68,985 | $ (173,410) | $ 765,990 |
Shares, Issued at Dec. 31, 2022 | 30,000,000 | ||||
Net profit/loss | 67,563 | 67,563 | |||
Ending balance, value at Mar. 31, 2023 | $ 3,000 | 936,400 | 68,985 | (105,847) | 883,553 |
Shares, Issued at Mar. 31, 2023 | 30,000,000 | ||||
Beginning balance, value at Dec. 31, 2023 | $ 3,000 | 936,400 | 68,985 | (105,847) | 833,553 |
Shares, Issued at Dec. 31, 2023 | 30,000,000 | ||||
Net profit/loss | (9,539) | (9,539) | |||
Ending balance, value at Mar. 31, 2024 | $ 3,000 | $ 936,400 | $ 68,985 | $ (115,386) | $ 824,014 |
Shares, Issued at Mar. 31, 2024 | 30,000,000 |
1. NATURE OF OPERATIONS AND SUM
1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES | 3 Months Ended |
Mar. 31, 2024 | |
Accounting Policies [Abstract] | |
1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES | 1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial reporting and in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited, condensed consolidated financial statements, footnote disclosures and other information should be read in conjunction with the financial statements and the notes thereto included in the Company’s Registration Statement on Form 10-K for the year ended December 31, 2023. ORGANIZATION AND NATURE OF BUSINESS Vanjia Corporation (formerly Vantone Realty Corporation) , (the “Company”), was incorporated on August 19, 2011 in the State of Texas. The company has conducted limited business operations since its inception. The Company's business plan is to build affordable homes in Houston, Texas. In 2018, the Company has begun a business to enroll students for real estate licensing courses. The Company’s year-end is December 31. 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. CASH AND CASH EQUIVALENTS Cash and cash equivalents include cash and all highly liquid instruments with original maturities of three months or less. REVENUE RECOGNITION Revenues are recognized when control of the promised goods or services are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements: * Identify the contract with a customer; * Identify the performance obligations in the contract; * determine the transaction price; * allocate the transaction price to performance obligations in the contract; and * recognize revenue as the performance obligation is satisfied. CONCENTRATION OF CREDIT RISK The Company's financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and related party payables it will likely incur in the near future. The Company places its cash with financial institutions of high credit worthiness. At times, its cash balance with a particular financial institution may exceed any applicable government insurance limits. The Company's management plans to assess the financial strength and credit worthiness of any parties to which it extends funds and as such, it believes that any associated credit risk exposures are limited. 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 per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. At March 31, 2024, the Company does not have any outstanding common stock equivalents; therefore, a separate computation of diluted loss per share is not presented. 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 of any 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. |
2. INCOME TAXES
2. INCOME TAXES | 3 Months Ended |
Mar. 31, 2024 | |
Income Tax Disclosure [Abstract] | |
2. INCOME TAXES | 2. INCOME TAXES The Company has not yet realized income as of the date of this report, and no provision for income taxes has been made. As of March 31, 2023, the Company had net operating loss carry forwards of $115,386 |
3. LINE OF CREDIT
3. LINE OF CREDIT | 3 Months Ended |
Mar. 31, 2024 | |
Debt Disclosure [Abstract] | |
3. LINE OF CREDIT | 3. 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 5 0 |
4. SUBSEQUENT EVENTS
4. SUBSEQUENT EVENTS | 3 Months Ended |
Mar. 31, 2024 | |
Subsequent Events [Abstract] | |
4. SUBSEQUENT EVENTS | 4 . SUBSEQUENT EVENTS Management has evaluated subsequent events through the date which the financial statements are available to be issued. All subsequent events requiring recognition as of March 31, 2024 have been incorporated into these financial statements and there are no subsequent events that required disclose 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) | 3 Months Ended |
Mar. 31, 2024 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial reporting and in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited, condensed consolidated financial statements, footnote disclosures and other information should be read in conjunction with the financial statements and the notes thereto included in the Company’s Registration Statement on Form 10-K for the year ended December 31, 2023. |
ORGANIZATION AND NATURE OF BUSINESS | ORGANIZATION AND NATURE OF BUSINESS Vanjia Corporation (formerly Vantone Realty Corporation) , (the “Company”), was incorporated on August 19, 2011 in the State of Texas. The company has conducted limited business operations since its inception. The Company's business plan is to build affordable homes in Houston, Texas. In 2018, the Company has begun a business to enroll students for real estate licensing courses. The Company’s year-end is December 31. |
USE OF ESTIMATES | 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. |
CASH AND CASH EQUIVALENTS | CASH AND CASH EQUIVALENTS Cash and cash equivalents include cash and all highly liquid instruments with original maturities of three months or less. |
REVENUE RECOGNITION | REVENUE RECOGNITION Revenues are recognized when control of the promised goods or services are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements: * Identify the contract with a customer; * Identify the performance obligations in the contract; * determine the transaction price; * allocate the transaction price to performance obligations in the contract; and * recognize revenue as the performance obligation is satisfied. |
CONCENTRATION OF CREDIT RISK | CONCENTRATION OF CREDIT RISK The Company's financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and related party payables it will likely incur in the near future. The Company places its cash with financial institutions of high credit worthiness. At times, its cash balance with a particular financial institution may exceed any applicable government insurance limits. The Company's management plans to assess the financial strength and credit worthiness of any parties to which it extends funds and as such, it believes that any associated credit risk exposures are limited. |
NET INCOME (LOSS) PER SHARE | 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 per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. At March 31, 2024, the Company does not have any outstanding common stock equivalents; therefore, a separate computation of diluted loss per share is not presented. |
INCOME TAXES | 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 of any 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. |
2. INCOME TAXES (Details Narrat
2. INCOME TAXES (Details Narrative) | Mar. 31, 2023 USD ($) |
Income Tax Disclosure [Abstract] | |
Operating Loss Carryforwards, Valuation Allowance | $ 115,386 |
3. LINE OF CREDIT (Details Narr
3. LINE OF CREDIT (Details Narrative) - USD ($) | 3 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2022 | |
Debt Disclosure [Abstract] | |||
Line of Credit Facility, Maximum Borrowing Capacity | $ 5,000,000 | ||
Line of Credit Facility, Interest Rate During Period | 5% | ||
Line of Credit Facility, Fair Value of Amount Outstanding | $ 0 |