Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | |
Dec. 31, 2017 | Mar. 26, 2018 | |
Document And Entity Information | ||
Entity Registrant Name | Vanjia Corporation | |
Entity Central Index Key | 1,532,383 | |
Document Type | 10-K | |
Document Period End Date | Dec. 31, 2017 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity a Well-known Seasoned Issuer | No | |
Entity a Voluntary Filer | No | |
Entity's Reporting Status Current | Yes | |
Entity Filer Category | Smaller Reporting Company | |
Entity Public Float | $ 60,000 | |
Entity Common Stock, Shares Outstanding | 6,000,000 | |
Document Fiscal Period Focus | FY | |
Document Fiscal Year Focus | 2,017 |
Balance Sheets (Unaudited)
Balance Sheets (Unaudited) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Current Assets | ||
Cash and Cash equivalents | $ 87 | $ 148 |
Total current assets | 87 | 148 |
Land Held for Investment | 25,000 | 25,000 |
Total Assets | 25,087 | 25,148 |
Current Liabilities: | ||
Due to shareholder | 8,800 | |
Total Current Liabilities | 8,800 | |
Stockholders' Equity | ||
Common Stock, par value $0.0001 per share, 9,999,999,999 shares authorized, 6,000,000 shares issued and outstanding as of December 31, 2017 and 2016 | 600 | 600 |
Preferred Stock, $0.0001 Par value, 8,888,888,888 shares authorized, -0- shares issued and outstanding as of December 31, 2017 and 2016 | ||
Additional Paid-In Capital | 84,400 | 84,400 |
Deficit accumulated during development stage | (68,713) | (59,852) |
Total stockholders' equity | 16,287 | 25,148 |
Total Liabilities and Stockholders' Equity | $ 25,087 | $ 25,148 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2017 | Dec. 31, 2016 |
Statement of Financial Position [Abstract] | ||
Common stock par value | $ 0.0001 | $ 0.0001 |
Common stock shares authorized | 9,999,999,999 | 9,999,999,999 |
Common stock shares issued | 6,000,000 | 6,000,000 |
Common stock shares outstanding | 6,000,000 | 6,000,000 |
Preferred Stock par value | $ 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 (Unaud
Statements of Operations (Unaudited) - USD ($) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Income Statement [Abstract] | ||
General and Administrative expenses | $ 8,861 | $ 9,854 |
Loss from Operations | (8,861) | (9,854) |
Other income ( expenses) | ||
Other income | 3,800 | |
Loss before Income taxes | (8,861) | (6,054) |
Provision for income taxes | ||
Net Loss | $ (8,861) | $ (6,054) |
Net Loss Per Share-Basic and Diluted | $ 0 | $ 0 |
Weighted Average Shares Outstanding: Basic And Diluted | 6,000,000 | 6,000,000 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Cash flows from operating activities | ||
Net Loss | $ (8,861) | $ (6,054) |
Increase ( decrease) due to shareholder | 8,800 | (6,054) |
Net cash used in operating activities | (61) | |
Net change in cash | (61) | (6,054) |
Cash and cash equivalents: | ||
Beginning | 148 | 6,202 |
Ending | 87 | 148 |
Supplemental disclosure of cash flows Cash paid during the period for: | ||
Interest Expenses | ||
Income tax Expense |
NATURE OF OPERATIONS AND SUMMAR
NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2017 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
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 in the developmental stage (the “Company”), was incorporated on August 19, 2011 in the State of Texas. The Company has conducted limited business operations and had no revenues from operations since its inception. The Company's business plan is to build affordable homes in Houston, Texas. The Company's year-end is December 31. 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 $68,713 as of December 31, 2017, and it had no revenue from operations. The Company faces all the risks common to companies at development stage, including capitalization and uncertainty of funding sources, high initial expenditure levels, uncertain revenue streams, and difficulties in managing growth. The Company's losses raise substantial doubt about its ability to continue as a going concern. The Company's financial statements do not reflect any adjustments that might result from the outcome of this uncertainty. The Company is currently addressing its liquidity issue by continually seeking investment capital through private placements of common stock and debt. The Company believes its current and future plans enable it to continue as a going concern. The Company's ability to achieve these objectives cannot be determined at this time. These financial statements do not give effect to any adjustments which would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts which may differ from those in the accompanying consolidated financial statements. 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. Impairment of long-lived assets The Company reviews its long-lived assets whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. Impairment is evaluated by comparing the carrying value of the long-lived assets with the estimated future net undiscounted cash flows expected to result from the use of the assets, including cash flows from disposition. Should the sum of the expected future net cash flows be less than the carrying value, the Company would recognize an impairment loss at that date. An impairment loss would be measured by comparing the amount by which the carrying value exceeds the fair value (estimated discounted future cash flows) of the long-lived assets. 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 December 31, 2017 and 2016, 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. |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | 2. INCOME TAXES As of December 31, 2017, the Company had net operating loss carry forwards of approximately $68,713 that may be available to reduce future year's taxable income through 2037. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. The provision for federal income tax consists of the following for the years ended December 31: 2017 2016 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, 2017 and 2016 are analyzed below: Dec. 31, 2017 Dec. 31, 2016 U.S. Statutory Income tax rate 34% 34% Provisional re-measurement of deferred taxes (13)% -% Changes in valuation allowance (21)% (34)% Effective income tax rate 0% $ 0 Significant components of the Company's deferred taxes as of December 31, 2017 and 2016 were as follows: 2017 2016 Deferred tax asset attributable to: Net operating loss carryover $14,430 $14,430 Less: valuation allowance (14,430) (14,430) Net deferred tax asset $ 0 $ 0 |
LINE OF CREDIT
LINE OF CREDIT | 12 Months Ended |
Dec. 31, 2017 | |
Debt Disclosure [Abstract] | |
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 $100,000 for working capital purposes. The line of credit has no expiration date and is due on demand. Borrowings under the line of credit bear interest at 0% per annum. As of December 31, 2017 and 2016, the Company had outstanding balance of $8,800 and $0 respectively, on the line of credit. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2017 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | 4. SUBSEQUENT EVENTS The Company evaluated all events or transactions that occurred after December 31, 2017 up through the date the Company issued these financial statements. |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Provision for federal income tax | The provision for federal income tax consists of the following for the years ended December 31: 2017 2016 Current $ - $ - Deferred Net Provision for income taxes $ - $ - |
INCOME TAXES (Tables1)
INCOME TAXES (Tables1) | 12 Months Ended |
Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Schedule Of Effective Income Tax Rate Reconciliation | Dec.31,2017 Dec.31,2016 U.S. Statutory Income tax rate 34% 34% Provisional re-measurement of deferred taxes (13)% -% Changes in valuation allowance (21)% (34)% Effective income tax rate 0% $ 0 |
INCOME TAXES (Tables2)
INCOME TAXES (Tables2) | 12 Months Ended |
Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Schedule Of Deferred Tax Assets And Liabilities | Significant components of the Company's deferred taxes as of December 31, 2017 and 2016 were as follows: 2017 2016 Deferred tax asset attributable to: Net operating loss carryover $14,430 $14,430 Less: valuation allowance (14,430) (14,430) Net deferred tax asset $ 0 $ 0 |
INCOME TAXES (Details)
INCOME TAXES (Details) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Income Tax Disclosure [Abstract] | ||
U.S. Statutory Income tax rate | 34.00% | 34.00% |
Provisional re-measurement of deferred taxes | (13.00%) | 0.00% |
Changes in valuation allowance | (21.00%) | 0.00% |
Effective income tax rate | 0.00% | 0.00% |
INCOME TAXES (Details 1)
INCOME TAXES (Details 1) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Deferred tax asset attributable to: | ||
Net operating loss carryover | $ 14,430 | $ 14,430 |
Less: valuation allowance | (14,430) | (14,430) |
Net deferred tax asset | $ 0 | $ 0 |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) | Dec. 31, 2017USD ($) |
Income Tax Disclosure [Abstract] | |
Net operating loss carry forward | $ 66,604 |
LINE OF CREDIT (Details Narrati
LINE OF CREDIT (Details Narrative) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Debt Disclosure [Abstract] | ||
Line Of Credit Facility Fair Value Of Amount Outstanding | $ 0 | $ 8,800 |