Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Nov. 12, 2018 | |
Document And Entity Information [Abstract] | ||
Entity Registrant Name | LOVE INTERNATIONAL GROUP, INC. | |
Entity Central Index Key | 1,605,780 | |
Trading Symbol | lovv | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Common Stock, Shares Outstanding | 289,333,360 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2018 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | false |
Condensed Balance Sheets
Condensed Balance Sheets - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 0 | $ 0 |
Deposits and prepaid expenses | 3,300 | 20,000 |
TOTAL ASSETS | 3,300 | 20,000 |
CURRENT LIABILITIES | ||
Accounts payable and accrued liabilities | 1,400 | 7,661 |
Due to related party | 167,466 | 137,161 |
Total current liabilities | 168,866 | 144,822 |
STOCKHOLDERS' DEFICIT | ||
Common stock, $0.0001 par value, 1,000,000,000 shares authorized, 289,333,360 shares issued and outstanding | 28,933 | 28,933 |
Additional paid-in capital | 33,383 | 33,383 |
Accumulated deficit | (227,882) | (187,138) |
TOTAL STOCKHOLDERS' DEFICIT | (165,566) | (124,822) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 3,300 | $ 20,000 |
Condensed Balance Sheets (Paren
Condensed Balance Sheets (Parentheticals) - $ / shares | Sep. 30, 2018 | Dec. 31, 2017 | Feb. 05, 2016 | Feb. 04, 2016 |
Statement of Financial Position [Abstract] | ||||
Common stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 | $ 0.001 | |
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 | 150,000,000 | |
Common stock, shares issued | 289,333,360 | 289,333,360 | 289,333,360 | |
Common stock, shares outstanding | 289,333,360 | 289,333,360 | 289,333,360 |
Condensed Statements of Operati
Condensed Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Income Statement [Abstract] | ||||
REVENUES | $ 0 | $ 0 | $ 0 | $ 0 |
EXPENSES | ||||
General and administrative | 68 | 68 | 373 | 205 |
Professional fees | 18,492 | 7,438 | 40,371 | 32,652 |
Total Expenses | 18,560 | 7,506 | 40,744 | 32,857 |
Loss before income taxes | (18,560) | (7,506) | (40,744) | (32,857) |
Income tax | 0 | 0 | 0 | 0 |
NET LOSS | $ (18,560) | $ (7,506) | $ (40,744) | $ (32,857) |
BASIC AND DILUTED LOSS PER SHARE (in dollars per share) | $ 0 | $ 0 | $ 0 | $ 0 |
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED (in shares) | 289,333,360 | 289,333,360 | 289,333,360 | 289,333,360 |
Condensed Statements of Changes
Condensed Statements of Changes in Stockholders' Deficit (Unaudited) - USD ($) | Common stock | Additional Paid-in Capital | Accumulated Deficit | Total |
Balance at Dec. 31, 2016 | $ 28,933 | $ 33,383 | $ (142,483) | $ (80,167) |
Balance (in shares) at Dec. 31, 2016 | 289,333,360 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||
Net loss | (32,857) | (32,857) | ||
Balance at Sep. 30, 2017 | $ 28,933 | 33,383 | (175,340) | (113,024) |
Balance (in shares) at Sep. 30, 2017 | 289,333,360 | |||
Balance at Dec. 31, 2017 | $ 28,933 | 33,383 | (187,138) | $ (124,822) |
Balance (in shares) at Dec. 31, 2017 | 289,333,360 | 289,333,360 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||
Net loss | (40,744) | $ (40,744) | ||
Balance at Sep. 30, 2018 | $ 28,933 | $ 33,383 | $ (227,882) | $ (165,566) |
Balance (in shares) at Sep. 30, 2018 | 289,333,360 | 289,333,360 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (40,744) | $ (32,857) |
Changes in operating assets and liabilities: | ||
Deposits and prepaid expenses | 16,700 | 10,862 |
Accounts payable and accrued liabilities | (6,261) | |
CASH USED IN OPERATING ACTIVITIES | (30,305) | (21,995) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Advances from related party | 30,305 | 21,995 |
CASH PROVIDED BY FINANCING ACTIVITIES | 30,305 | 21,995 |
NET CHANGE IN CASH | 0 | 0 |
CASH BEGINNING OF PERIOD | 0 | 0 |
CASH END OF PERIOD | 0 | 0 |
SUPPLEMENTAL CASH FLOW DISCLOSURES | ||
Interest paid | 0 | 0 |
Income taxes paid | $ 0 | $ 0 |
ORGANIZATION, PRINCIPAL ACTIVIT
ORGANIZATION, PRINCIPAL ACTIVITIES AND BASIS OF PREPARATION | 9 Months Ended |
Sep. 30, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION, PRINCIPAL ACTIVITIES AND BASIS OF PREPARATION | NOTE 1. ORGANIZATION, PRINCIPAL ACTIVITIES AND BASIS OF PREPARATION Love International Group, Inc. ("we", "us", "our" or the "Company") was incorporated on May 23, 2013 under the laws of the State of Nevada. On November 11, 2015, a change in control of the Company occurred, whereby Walter Lee, the-then sole officer and director, sold 15,000,000 of his shares of common stock, representing 51.8% of the voting power of the issued and outstanding capital stock of the Company, in a private transaction to Yong Qiang Yang (8,250,000 shares) and Wei Min Jin (6,750,000 shares), who subsequently became officers and directors of the Company. Mr. Lee sold the remainder of his shares (5,000,000 shares) to other individuals in separate transactions not involving a public sale or distribution. After the sale of stock, Walter Lee had no further ownership of any voting securities of the Company. On November 30, 2015, the Company accepted the resignation of Walter Lee from his positions as President, Principal Executive Officer, Principal Financial Officer and member of the Board of Directors. The Board of Directors appointed Yong Qiang Yang as President of the Company, and as a member of the Board of Directors, and Wei Min Jin as Principal Financial Officer and Secretary of the Company and a member of the Board of Directors, effective November 30, 2015. All references above to share and per share data have not been adjusted to give effect of the forward stock split (see below). On February 4, 2016, the Financial Industry Regulatory Authority approved: (a) changing the name of the Company to Love International Group, Inc. ("Name Change"); (b) increasing the aggregate number of authorized shares of Common Stock of the Company from one hundred and fifty million (150,000,000) shares, par value $0.001, to one billion (1,000,000,000) shares, par value $0.0001 per share ("Authorized Share Increase"); (c) a 10-for-1 forward stock split ("Forward Split"; together with the Name Change and Authorized Share Increase, the "Corporate Actions") of the issued and outstanding shares of Common Stock of the Company; and (d) a new trading symbol of LOVV. On February 5, 2016, the Corporate Actions became effective and the issued and outstanding shares of common stock of the Company became 289,333,360. On March 7, 2016, the trading symbol changed to LOVV and a new CUSIP number (54714U107) was assigned to the Company's common stock. On May 18, 2016, the Company shifted its business focus from developing and launching an online, cross-border e-commerce platform to promote and market worldwide premium specialties and other well-known branded products with highly comparable discount pricing to developing and launching an online platform to promote cheap airline tickets and hotels as well as developing and launching a "Do-It-Yourself" ("DIY") system for the Company's customers to put together a trip with exotic activities such as hunting, flying a plane, or even piloting a submarine. The Company anticipates the prices of the airline tickets and hotel rooms promoted on its online platform will be priced competitively, if not lower, than the marketplace as the Company plans on partnering with some of the airlines and big airline ticket wholesalers. As for the DIY system, the Company anticipates gaining market share based on the originality and specialty of the travel activities to be offered on the Company's online platform through local travel companies and/or travel specialists that the Company is going to partner with. In the beginning, the Company anticipates targeting potential customers in mainland China and Hong Kong as to the promotion of airline tickets and hotel rooms. The airline tickets and hotel booking selections may be limited upon the launch of the Company's online platform. The Company anticipates focusing the DIY activities upon the launch of the online platform in South East Asia, Canada, United States and Australia. The Company does not yet have any operations and the development of its business is speculative. It has not generated any operating revenues to date. The Company had a working capital deficiency, accumulated deficit from recurring net losses and net liabilities as of December 31, 2017 and September 30, 2018. These factors raise substantial doubts about the Company's ability to continue as a going concern. The Company plans to raise additional funds through financing, either through a stock offering, or standard or convertible debt, in the future to meet its daily cash demands if required. However, there can be no assurance that the Company will be successful in obtaining further financing. Until and unless it is able to secure adequate financing, its business development will be curtailed. The accompanying financial statements have been prepared assuming the Company will continue to operate as a going concern, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty related to the Company's ability to continue as a going concern. All common share and per share amounts disclosed herein and in the accompanying financial statements have been retroactively restated to reflect the forward stock split, except as otherwise provided herein. |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Sep. 30, 2018 | |
Accounting Policies [Abstract] | |
SIGNIFICANT ACCOUNTING POLICIES | NOTE 2. SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The interim condensed financial information as of September 30, 2018 and for the three and nine month periods ended September 30, 2018 and 2017 have been prepared without audit, pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures, which are normally included in financial statements prepared in accordance with U.S. GAAP have not been included. The interim condensed financial information should be read in conjunction with the Financial Statements and the notes thereto, included in the Company's Annual Report on Form 10-K for the year ended December 31, 2017, previously filed with the SEC on April 3, 2018. In the opinion of management, all adjustments (which include all significant normal and recurring adjustments) necessary to present a fair statement of the Company's interim condensed financial position as of September 30, 2018, its interim condensed results of operations and comprehensive loss for the three and nine month periods ended September 30, 2018 and 2017, as applicable, and its interim condensed results of cash flows for the nine month periods ended September 30, 2018 and 2017, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods. Estimates and Assumptions The preparation of financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and assumptions and could have a material effect on the Company's reported financial position and results of operations. Foreign Currency Transactions The reporting currency of the Company is the United States dollar ("U.S. Dollars"). The financial records of the Company are maintained in U.S. Dollars, which is the functional currency. Monetary assets and liabilities denominated in currencies other than U.S. Dollars are translated into the functional currencies at the prevailing rates of exchange at the balance sheet date. Nonmonetary assets and liabilities are re-measured into U.S. Dollars at historical exchange rates. Transactions in currencies other than U.S. Dollars during the period are converted into U.S. Dollars at the applicable rates of exchange prevailing at the transaction dates. Transaction gains and losses are recognized in the statements of operations. Cash and Cash Equivalents Cash consists of cash on hand and in banks. The Company considers all highly liquid debt instruments, with initial terms of less than three months to be cash equivalents. The Company did not maintain any bank accounts as of September 30, 2018 and December 31, 2017. Fair Value Measurements ASC Topic 820, Fair Value Measurement and Disclosures · Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. · Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. · Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, balance with related parties and accounts payable approximate their fair values because of the short maturity of these instruments or the rate of interest of these instruments approximate the market rate of interest. Stock-Based Compensation The Company adopted ASC 718, Compensation – Stock-Based Compensation, to account for its stock options and similar equity instruments issued. Accordingly, compensation costs attributable to stock options or similar equity instruments granted are measured at the fair value at the grant date, and expensed over the expected vesting period. ASC 718 requires excess tax benefits be reported as a financing cash inflow rather than as a reduction of taxes paid. The Company did not grant any stock options since inception on May 23, 2013 through September 30, 2018. Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statement of operations and comprehensive loss in the period that includes the enactment date. The impact of an uncertain income tax positions on the income tax return must be recognized at the largest amount that is more-likely-than not to be sustained upon audit by the relevant tax authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Interest and penalties on income taxes will be classified as a component of the provisions for income taxes. Basic and Diluted Loss per Share Loss per share is computed using the weighted average number of shares outstanding during the period. The Company has adopted ASC 260, "Earnings per Share". Diluted loss per share for all the periods presented was the same as basic loss per share as there were no potential dilutive equity instruments. New Accounting Pronouncements Accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company's financial statements upon adoption. |
DUE TO RELATED PARTY
DUE TO RELATED PARTY | 9 Months Ended |
Sep. 30, 2018 | |
Related Party Transactions [Abstract] | |
DUE TO RELATED PARTY | NOTE 3. DUE TO RELATED PARTY Due to related parties consisted of the following: Note September 30, 2018 December 31, 2017 MMI Group NZ Limited (a) $ 167,466 $ 137,161 (a) Yong Qiang Yang and Wei Min Jin, both directors of the Company, have beneficial interests in this company. The above balance is unsecured and non-interest bearing. This related company has agreed not to demand repayment until the Company is financially capable to do so. |
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY | 9 Months Ended |
Sep. 30, 2018 | |
Stockholders' Equity Note [Abstract] | |
STOCKHOLDERS' EQUITY | NOTE 4. STOCKHOLDERS' EQUITY During the three and nine month periods ended September 30, 2018 and 2017, the Company did not issue any common stock. As at September 30, 2018 and December 31, 2017, the Company had 289,333,360 shares issued and outstanding. |
INCOME TAXES
INCOME TAXES | 9 Months Ended |
Sep. 30, 2018 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 5. INCOME TAXES The Company is incorporated in the State of Nevada and is subject to the U.S. federal tax and state tax. The Tax Cuts and Jobs Act of (“TCJ Act”) was signed into law in December 2017, and among its many provisions, it imposed a mandatory one-time transition tax on undistributed international earnings and reduced the U.S. corporate income tax rate to 21%, effective January 1, 2018. No provision for income taxes in the United States has been made as the Company had no taxable income for the three and nine month ended September 30, 2018 and 2017. The income tax provision differs from the amount of income tax determined by applying the U.S. federal and state income statutory tax rates to pretax loss as follows: Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Loss before income taxes $ (18,560 ) $ (7,506 ) $ (40,744 ) $ (32,857 ) Statutory income tax rate 21 % 34 % 21 % 34 % Tax benefit at statutory rates 3,898 2,552 8,556 11,171 Change in valuation allowance (3,898 ) (2,552 ) (8,556 ) (11,171 ) Provision for income taxes $ - $ - $ - $ - Net deferred tax assets consist of the following components: September 30, December 31, 2018 2017 Deferred tax asset: Net operating loss carry forwards $ 47,855 $ 39,299 Valuation allowance (47,855 ) (39,299 ) Net deferred tax asset $ - $ - The Company has accumulated net operating loss carryovers of approximately $227,882 and $187,138 as of September 30, 2018 and December 31, 2017, respectively, which are available to reduce future taxable income. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards for federal income tax reporting purposes may be subject to annual limitations. A change in ownership may limit the utilization of the net operating loss carry forwards in future years. The tax losses begin to expire in 2035. The fiscal year 2017 remain open to examination by federal tax authorities and other tax jurisdictions. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Sep. 30, 2018 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 6. SUBSEQUENT EVENTS Management has evaluated subsequent events through the date these financial statements were available to be issued. Based on our evaluation no material events have occurred that require disclosure. |
SIGNIFICANT ACCOUNTING POLICI_2
SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Sep. 30, 2018 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The interim condensed financial information as of September 30, 2018 and for the three and nine month periods ended September 30, 2018 and 2017 have been prepared without audit, pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures, which are normally included in financial statements prepared in accordance with U.S. GAAP have not been included. The interim condensed financial information should be read in conjunction with the Financial Statements and the notes thereto, included in the Company's Annual Report on Form 10-K for the year ended December 31, 2017, previously filed with the SEC on April 3, 2018. In the opinion of management, all adjustments (which include all significant normal and recurring adjustments) necessary to present a fair statement of the Company's interim condensed financial position as of September 30, 2018, its interim condensed results of operations and comprehensive loss for the three and nine month periods ended September 30, 2018 and 2017, as applicable, and its interim condensed results of cash flows for the nine month periods ended September 30, 2018 and 2017, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods. |
Estimates and Assumptions | Estimates and Assumptions The preparation of financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and assumptions and could have a material effect on the Company's reported financial position and results of operations. |
Foreign Currency Transactions | Foreign Currency Transactions The reporting currency of the Company is the United States dollar ("U.S. Dollars"). The financial records of the Company are maintained in U.S. Dollars, which is the functional currency. Monetary assets and liabilities denominated in currencies other than U.S. Dollars are translated into the functional currencies at the prevailing rates of exchange at the balance sheet date. Nonmonetary assets and liabilities are re-measured into U.S. Dollars at historical exchange rates. Transactions in currencies other than U.S. Dollars during the period are converted into U.S. Dollars at the applicable rates of exchange prevailing at the transaction dates. Transaction gains and losses are recognized in the statements of operations. |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash consists of cash on hand and in banks. The Company considers all highly liquid debt instruments, with initial terms of less than three months to be cash equivalents. The Company did not maintain any bank accounts as of September 30, 2018 and December 31, 2017. |
Fair Value Measurements | Fair Value Measurements ASC Topic 820, Fair Value Measurement and Disclosures · Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. · Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. · Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, balance with related parties and accounts payable approximate their fair values because of the short maturity of these instruments or the rate of interest of these instruments approximate the market rate of interest. |
Stock-Based Compensation | Stock-Based Compensation The Company adopted ASC 718, Compensation – Stock-Based Compensation, to account for its stock options and similar equity instruments issued. Accordingly, compensation costs attributable to stock options or similar equity instruments granted are measured at the fair value at the grant date, and expensed over the expected vesting period. ASC 718 requires excess tax benefits be reported as a financing cash inflow rather than as a reduction of taxes paid. The Company did not grant any stock options since inception on May 23, 2013 through September 30, 2018. |
Income Taxes | Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statement of operations and comprehensive loss in the period that includes the enactment date. The impact of an uncertain income tax positions on the income tax return must be recognized at the largest amount that is more-likely-than not to be sustained upon audit by the relevant tax authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Interest and penalties on income taxes will be classified as a component of the provisions for income taxes. |
Basic and Diluted Loss per Share | Basic and Diluted Loss per Share Loss per share is computed using the weighted average number of shares outstanding during the period. The Company has adopted ASC 260, "Earnings per Share". Diluted loss per share for all the periods presented was the same as basic loss per share as there were no potential dilutive equity instruments. |
New Accounting Pronouncements | New Accounting Pronouncements Accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company's financial statements upon adoption. |
DUE TO RELATED PARTY (Tables)
DUE TO RELATED PARTY (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Related Party Transactions [Abstract] | |
Schedule of due to related parties | Note September 30, 2018 December 31, 2017 MMI Group NZ Limited (a) $ 167,466 $ 137,161 (a) Yong Qiang Yang and Wei Min Jin, both directors of the Company, have beneficial interests in this company. |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Income Tax Disclosure [Abstract] | |
Schedule of federal and state income statutory tax rates to pretax loss | Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Loss before income taxes $ (18,560 ) $ (7,506 ) $ (40,744 ) $ (32,857 ) Statutory income tax rate 21 % 34 % 21 % 34 % Tax benefit at statutory rates 3,898 2,552 8,556 11,171 Change in valuation allowance (3,898 ) (2,552 ) (8,556 ) (11,171 ) Provision for income taxes $ - $ - $ - $ - |
Schedule of net deferred tax assets | September 30, December 31, 2018 2017 Deferred tax asset: Net operating loss carry forwards $ 47,855 $ 39,299 Valuation allowance (47,855 ) (39,299 ) Net deferred tax asset $ - $ - |
ORGANIZATION, PRINCIPAL ACTIV_2
ORGANIZATION, PRINCIPAL ACTIVITIES AND BASIS OF PREPARATION (Detail Textuals) | Feb. 04, 2016$ / sharesshares | Nov. 11, 2015shares | Sep. 30, 2018$ / sharesshares | Dec. 31, 2017$ / sharesshares | Feb. 05, 2016shares |
Organization, Principal Activities And Basis Of Preparation [Line Items] | |||||
Common stock, par value (in dollars per share) | $ / shares | $ 0.001 | $ 0.0001 | $ 0.0001 | ||
Common stock, shares authorized | 150,000,000 | 1,000,000,000 | 1,000,000,000 | ||
Common stock, shares issued | 289,333,360 | 289,333,360 | 289,333,360 | ||
Common stock, shares outstanding | 289,333,360 | 289,333,360 | 289,333,360 | ||
Forward stock split ratio | 10 | ||||
Forward stock split | 10-for-1 | ||||
Walter Lee | |||||
Organization, Principal Activities And Basis Of Preparation [Line Items] | |||||
Number of shares sold | 15,000,000 | ||||
Ownership percentage | 51.80% | ||||
Walter Lee | Yong Qiang Yang | |||||
Organization, Principal Activities And Basis Of Preparation [Line Items] | |||||
Number of shares sold | 8,250,000 | ||||
Walter Lee | Wei Min Jin | |||||
Organization, Principal Activities And Basis Of Preparation [Line Items] | |||||
Number of shares sold | 6,750,000 | ||||
Walter Lee | Other individuals | |||||
Organization, Principal Activities And Basis Of Preparation [Line Items] | |||||
Number of shares sold | 5,000,000 |
DUE TO RELATED PARTY (Detail)
DUE TO RELATED PARTY (Detail) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 | |
Related Party Transaction [Line Items] | |||
Due to related party | $ 167,466 | $ 137,161 | |
MMI Group NZ Limited | |||
Related Party Transaction [Line Items] | |||
Due to related party | [1] | $ 167,466 | $ 137,161 |
[1] | Yong Qiang Yang and Wei Min Jin, both directors of the Company, have beneficial interests in this company. |
STOCKHOLDERS' EQUITY (Detail Te
STOCKHOLDERS' EQUITY (Detail Textuals) - shares | Sep. 30, 2018 | Dec. 31, 2017 | Feb. 05, 2016 |
Stockholders' Equity Note [Abstract] | |||
Common stock, shares issued | 289,333,360 | 289,333,360 | 289,333,360 |
Common stock, shares outstanding | 289,333,360 | 289,333,360 | 289,333,360 |
INCOME TAXES (Details)
INCOME TAXES (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Income Tax Disclosure [Abstract] | ||||
Loss before income taxes | $ (18,560) | $ (7,506) | $ (40,744) | $ (32,857) |
Statutory income tax rate | 21.00% | 34.00% | 21.00% | 34.00% |
Tax benefit at statutory rates | $ 3,898 | $ 2,552 | $ 8,556 | $ 11,171 |
Change in valuation allowance | (3,898) | (2,552) | (8,556) | (11,171) |
Provision for income taxes | $ 0 | $ 0 | $ 0 | $ 0 |
INCOME TAXES (Details 1)
INCOME TAXES (Details 1) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Deferred tax asset: | ||
Net operating loss carry forwards | $ 47,855 | $ 39,299 |
Valuation allowance | (47,855) | (39,299) |
Net deferred tax asset | $ 0 | $ 0 |
INCOME TAXES (Detail Textuals)
INCOME TAXES (Detail Textuals) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |||||
Statutory tax rate | 21.00% | 34.00% | 21.00% | 34.00% | |
Accumulated net operating loss carryovers | $ 227,882 | $ 227,882 | $ 187,138 |