ABV Consulting (ABVN) 10-Q 15 Dec 20 2020 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2020	Dec. 14, 2020
Cover [Abstract]
Entity Registrant Name	ABV CONSULTING, INC.
Entity Central Index Key	0001607450
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	true
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Sep. 30, 2020
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2020
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		5,533,000
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	333-198567
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	46-3997344
Entity Address Address Line 1	Unit 1101-1102, 11/F, Railway Plaza, 39
Entity Address Address Line 2	Chatham Road S.,
Entity Address Address Line 3	Tsim Sha Tsui,
Entity Address City Or Town	Kowloon
Entity Address Country	HK
City Area Code	852
Local Phone Number	3758 2226
Entity Interactive Data Current	Yes
Entity Address Postal Zip Code	00000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Current Assets
Cash	$ 4,140	$ 4,348
Total Current Assets	4,140	4,348
TOTAL ASSETS	4,140	4,348
Current Liabilities
Accounts payable	15,881	19,087
Due to related parties	318,396	290,209
Total Current Liabilities	334,277	309,296
Total Liabilities	334,277	309,296
Shareholders' Deficit
Preferred stock: 10,000,000 authorized; $0.0001 par value No shares issued and outstanding	0	0
Common stock: 3,000,000,000 shares authorized; $0.0001 par value 5,533,000 shares issued and outstanding	553	553
Additional paid in capital	159,437	159,437
Accumulated deficit	(490,127)	(464,938)
Total Shareholders' Deficit	(330,137)	(304,948)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	$ 4,140	$ 4,348

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
Shareholders' Deficit
Preferred stock, shares par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Common stock, shares par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	3,000,000,000	3,000,000,000
Common stock, shares issued	5,533,000	5,533,000
Common stock, shares outstanding	5,533,000	5,533,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Condensed Consolidated Statements of Operations (Unaudited)
Revenue	$ 0	$ 0	$ 0	$ 0
Operating expenses
General and administrative	58	139	608	14,244
Professional fees	12,555	6,934	24,581	34,476
Total operating expenses	12,613	7,073	25,189	48,720
Operating loss	(12,613)	(7,073)	(25,189)	(48,720)
Provision for income taxes	0	0	0	0
Net loss	$ (12,613)	$ (7,073)	$ (25,189)	$ (48,720)
Basic and dilutive loss per common share	$ 0	$ 0	$ 0	$ (0.01)
Weighted average number of common shares outstanding	5,533,000	5,533,000	5,533,000	5,533,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders Deficit (Unaudited) - USD ($)	Total	Common Stock	Additional Paid in Capital	Accumulated Deficit
Balance, shares at Dec. 31, 2018		5,533,000
Balance, amount at Dec. 31, 2018	$ (246,024)	$ 553	$ 159,437	$ (406,014)
Net loss	(30,031)	$ 0	0	(30,031)
Balance, shares at Mar. 31, 2019		5,533,000
Balance, amount at Mar. 31, 2019	(276,055)	$ 553	159,437	(436,045)
Balance, shares at Dec. 31, 2018		5,533,000
Balance, amount at Dec. 31, 2018	(246,024)	$ 553	159,437	(406,014)
Net loss	(48,720)
Balance, shares at Sep. 30, 2019		5,533,000
Balance, amount at Sep. 30, 2019	(294,744)	$ 553	159,437	(454,734)
Balance, shares at Mar. 31, 2019		5,533,000
Balance, amount at Mar. 31, 2019	(276,055)	$ 553	159,437	(436,045)
Net loss	(11,616)	$ 0	0	(11,616)
Balance, shares at Jun. 30, 2019		5,533,000
Balance, amount at Jun. 30, 2019	(287,671)	$ 553	159,437	(447,661)
Net loss	(7,073)	$ 0	0	(7,073)
Balance, shares at Sep. 30, 2019		5,533,000
Balance, amount at Sep. 30, 2019	(294,744)	$ 553	159,437	(454,734)
Balance, shares at Dec. 31, 2019		5,533,000
Balance, amount at Dec. 31, 2019	(304,948)	$ 553	159,437	(464,938)
Net loss	(3,437)	$ 0	0	(3,437)
Balance, shares at Mar. 31, 2020		5,533,000
Balance, amount at Mar. 31, 2020	(308,385)	$ 553	159,437	(468,375)
Balance, shares at Dec. 31, 2019		5,533,000
Balance, amount at Dec. 31, 2019	(304,948)	$ 553	159,437	(464,938)
Net loss	(25,189)
Balance, shares at Sep. 30, 2020		5,533,000
Balance, amount at Sep. 30, 2020	(330,137)	$ 553	159,437	(490,127)
Balance, shares at Mar. 31, 2020		5,533,000
Balance, amount at Mar. 31, 2020	(308,385)	$ 553	159,437	(468,375)
Net loss	(9,139)	$ 0	0	(9,139)
Balance, shares at Jun. 30, 2020		5,533,000
Balance, amount at Jun. 30, 2020	(317,524)	$ 553	159,437	(477,514)
Net loss	(12,613)	$ 0	0	(12,613)
Balance, shares at Sep. 30, 2020		5,533,000
Balance, amount at Sep. 30, 2020	$ (330,137)	$ 553	$ 159,437	$ (490,127)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (25,189)	$ (48,720)
Adjustments to reconcile net loss to net cash used in operating activities:
Expenses paid by related party	28,187	15,273
Changes in operating assets and liabilities:
Accounts receivable	0	12,821
Accounts payable	(3,206)	5,632
Net Cash Used in Operating Activities	(208)	(14,994)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related party	0	14,808
Net Cash Provided by Financing Activities	0	14,808
Net change in cash for the period	(208)	(186)
Cash at beginning of the period	4,348	4,534
Cash at end of the period	4,140	4,348
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash received for interest	0	0
Cash paid for income taxes	0	0
Cash paid for interest	$ 0	$ 0

ORGANIZATION

ORGANIZATION	9 Months Ended
	Sep. 30, 2020
ORGANIZATION
NOTE 1 - ORGANIZATION	NOTE 1 – ORGANIZATION ABV Consulting, Inc. (“we,” “us,” “our,” “ABVN” or the “Company”) was incorporated in the state of Nevada on October 15, 2013 . Change in Control On June 24, 2020, the Company’s major shareholder transferred 4,750,000 shares (the “Shares”) of the Company’s issued and outstanding stock to Kang Min Global Holdings Limited, an international business company incorporated in the Republic of Seychelles (“Kang Min”). The transfer constitutes 85.8% of the issued common stock of the company, making the transfer a change in control. COVID-19 A novel strain of coronavirus (COVID-19) was first identified in December 2019, and subsequently declared a global pandemic by the World Health Organization on March 11, 2020. As a result of the outbreak, many companies have experienced disruptions in their operations and in markets served. The Company has instituted some and may take additional temporary precautionary measures intended to help ensure the well-being of our management and minimize business disruption. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no material adverse impacts on the Company’s results of operations and financial position at September 30, 2020. The full extent of the future impacts of COVID-19 on the Company’s operations is uncertain. A prolonged outbreak could have a material adverse impact on financial results and business operations of the Company, including the timing and ability of the Company to obtain financing to fund the operation and to develop its business plan.

GOING CONCERN

GOING CONCERN	9 Months Ended
	Sep. 30, 2020
GOING CONCERN
NOTE 2 - GOING CONCERN	NOTE 2 – GOING CONCERN The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future. As of September 30, 2020, the Company had an accumulated deficit of $490,127 and net loss of $25,189 and net cash used in operations of $208 for the nine months ended September 30, 2020. Losses have principally occurred as a result of the substantial resources required for professional fees and general and administrative expenses associated with our operations. The continuation of the Company as a going concern through September 30, 2021 is dependent upon the continued financial support from its stockholders or external financing. Management believes the existing stockholders will provide the additional cash to meet with the Company’s obligations as they become due. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These condensed financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the outcome of these uncertainties. Management believes that the actions presently being taken to obtain additional funding and implement its strategic plan provides the opportunity for the Company to continue as a going concern.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2020
SIGNIFICANT ACCOUNTING POLICIES
NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 – SIGNIFICANT ACCOUNTING POLICIES 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 Article 8 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 consolidated balance sheet as of December 31, 2019 which has been derived from audited 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, 2020 are not necessarily indicative of the results to be expected for the entire fiscal year ending December 31, 2020 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 Annual Report on Form 10-K for the year ended December 31, 2019 filled on June 15, 2020. Use of estimates In preparing these condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the periods reported. Actual results may differ from these estimates. Basis of consolidation The condensed consolidated financial statements include the financial statements of ABVN and its subsidiary. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation. Foreign currency translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations. The reporting currency of the Company is the United States Dollar (“USD”). The Company’s subsidiary in Hong Kong maintain their books and records in their local currency, the Hong Kong Dollar (“HKD”), which is the functional currency as being the primary currency of the economic environment in which these entities operate. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not the USD are translated into USD, in accordance with ASC 830, “Translation of Financial Statements”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statement of stockholders’ equity. 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. As of September 30, 2020, and December 31, 2019, the Company had $4,140 and $4,348 in cash, respectively. Fair value of financial instruments The carrying value of the Company’s financial instruments (excluding short-term bank borrowing and note payable): cash, accounts payable and amount due to related parties approximate at their fair values because of the short-term nature of these financial instruments. The Company also 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 : Inputs are based upon unadjusted quoted prices for identical instruments traded in active markets; • Level 2 : Inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. Black-Scholes Option-Pricing model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs; and • Level 3 : Inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models. Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Accounts receivable Substantially all of the Company’s accounts receivable balance is related to trade receivables. Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in its existing accounts receivable. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments for services. Accounts with known financial issues are first reviewed and specific estimates are recorded. The remaining accounts receivable balances are then grouped in categories by the number of days the balance is past due, and the estimated loss is calculated as a percentage of the total category based upon past history. Account balances are charged against the allowance when it is probable that the receivable will not be recovered. As of September 30, 2020, and December 31, 2019, the Company had no valuation allowance for doubtful accounts for the Company’s accounts receivable. For the nine months ended September 30, 2020 and 2019, the Company did not record any bad debt expense. Commitments and contingencies The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time, that these matters will have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows. Revenue recognition The Company adopted Accounting Standards Update (“ASU”) No. 2014 - 09, Revenue from Contracts with Customers (Topic 606), Under ASU 2014 - 09, the Company recognizes revenue when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. The Company derives its revenues from the rendering of business advisory services, such as training, implementation, consulting, and other customer-specific 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.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2020
RELATED PARTY TRANSACTIONS
NOTE 4 - RELATED PARTY TRANSACTIONS	NOTE 4 – RELATED PARTY TRANSACTIONS During the nine months ended September 30, 2020, the Company received advances from a shareholder in the amount of $28,187 to pay for expenses. A related party provides office space at no cost to the Company. As of September 30, 2020, and December 31, 2019, the Company owed to a shareholder $318,396 and $290,209, respectively. The amount due to the related party is unsecured, non-interest bearing and has no fixed terms of repayment. Imputed interest from related party loans is not significant.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2020
INCOME TAXES
NOTE 5 - INCOME TAXES	NOTE 5 – INCOME TAXES ABV Consulting, Inc. was formed in 2013. Prior to the acquisition of ABV HK in June 2017, the Company only had operations in the United States. In June 2016, the Company became the parent of ABV HK., a wholly owned Hong Kong subsidiary, which files tax returns in Hong Kong. For the nine months ended September 30, 2020 and 2019, the local (“United States of America”) and foreign components of loss before income taxes were comprised of the following: Nine Months Ended September 30, 2020 2019 Tax jurisdiction from: - Local $ - $ - - Foreign (25,189 ) (48,720 ) Loss before income taxes $ (25,189 ) $ (48,720 ) Hong Kong The Company’s subsidiaries operating in Hong Kong are subject to the Hong Kong Profits Tax at a standard income tax rate ranging from 8.25% to 16.5% on the assessable income arising in Hong Kong during its tax year. The reconciliation of income tax rate to the effective income tax rate for the nine months ended September 30, 2020 and 2019 is as follows: Nine Months Ended September 30, 2020 2019 Loss before income taxes from HK operation $ (25,189 ) $ (48,720 ) Statutory income tax rate 8.25 % 8.25 % Income tax expense at statutory rate (2,078 ) (4,019 ) Tax losses carryforward 2,078 4,019 Income tax expense $ - $ -

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2020
COMMITMENTS AND CONTINGENCIES
NOTE 7 - COMMITMENTS AND CONTINGENCIES	NOTE 6 – COMMITMENTS AND CONTINGENCIES Operating lease commitments As of September 30, 2020, and December 31, 2019, the Company has no material commitments under operating leases. Capital commitment As of September 30, 2020, and December 31, 2019, the Company has no material capital commitments.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2020
SUBSEQUENT EVENTS
NOTE 8 - SUBSEQUENT EVENTS	NOTE 7 – SUBSEQUENT EVENTS On September 17, 2020, the Company signed a Memorandum of Understanding (“MOU”) with Youkan (Guangdong) Information Technology Co., Ltd. (Youkan). In the MOU, the Company agrees to purchase up to 80% of the issued and outstanding stock of Youkan for terms to be set forth in a definitive agreement. The definitive agreement will be completed within three months of the MOU.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2020
SIGNIFICANT ACCOUNTING POLICIES
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 Article 8 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 consolidated balance sheet as of December 31, 2019 which has been derived from audited 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, 2020 are not necessarily indicative of the results to be expected for the entire fiscal year ending December 31, 2020 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 Annual Report on Form 10-K for the year ended December 31, 2019 filled on June 15, 2020.
Use of estimates	In preparing these condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the periods reported. Actual results may differ from these estimates.
Basis of consolidation	The condensed consolidated financial statements include the financial statements of ABVN and its subsidiary. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.
Foreign currency translation	Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations. The reporting currency of the Company is the United States Dollar (“USD”). The Company’s subsidiary in Hong Kong maintain their books and records in their local currency, the Hong Kong Dollar (“HKD”), which is the functional currency as being the primary currency of the economic environment in which these entities operate. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not the USD are translated into USD, in accordance with ASC 830, “Translation of Financial Statements”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statement of stockholders’ equity.
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. As of September 30, 2020, and December 31, 2019, the Company had $4,140 and $4,348 in cash, respectively.
Fair value of financial instruments	The carrying value of the Company’s financial instruments (excluding short-term bank borrowing and note payable): cash, accounts payable and amount due to related parties approximate at their fair values because of the short-term nature of these financial instruments. The Company also 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 : Inputs are based upon unadjusted quoted prices for identical instruments traded in active markets; • Level 2 : Inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. Black-Scholes Option-Pricing model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs; and • Level 3 : Inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models. Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.
Accounts receivable	Substantially all of the Company’s accounts receivable balance is related to trade receivables. Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in its existing accounts receivable. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments for services. Accounts with known financial issues are first reviewed and specific estimates are recorded. The remaining accounts receivable balances are then grouped in categories by the number of days the balance is past due, and the estimated loss is calculated as a percentage of the total category based upon past history. Account balances are charged against the allowance when it is probable that the receivable will not be recovered. As of September 30, 2020, and December 31, 2019, the Company had no valuation allowance for doubtful accounts for the Company’s accounts receivable. For the nine months ended September 30, 2020 and 2019, the Company did not record any bad debt expense.
Commitments and contingencies	The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time, that these matters will have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows.
Revenue recognition	The Company adopted Accounting Standards Update (“ASU”) No. 2014 - 09, Revenue from Contracts with Customers (Topic 606), Under ASU 2014 - 09, the Company recognizes revenue when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. The Company derives its revenues from the rendering of business advisory services, such as training, implementation, consulting, and other customer-specific 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.
Income taxes	The Company complies with the accounting and reporting requirements of ASC Topic 740, “ Income Taxes ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company’s management determined that the Hong Kong is the Company’s major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits, if any, as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of September 30, 2020. The Company is currently not aware of any issues under review that could result in significant payments, accruals, or material deviation from its position. The Company may be subject to potential examination by foreign taxing authorities in the area of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with foreign tax laws. The Company conducts major businesses in Hong Kong and is subject to tax in this jurisdiction. As a result of its business activities, the Company will file tax returns that are subject to examination by the foreign tax authority.
Net loss per share	The Company calculates net loss per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income per share is computed by dividing the net income by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic income per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive. As of September 30, 2020, and December 31, 2019, the Company has no dilutive securities.
Related parties	Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Companies are also considered to be related if they are subject to common control or common significant influence.
Recently Adopted Accounting Standards	Management has considered all recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2020
INCOME TAXES
Summary of loss before income taxes	Nine Months Ended September 30, 2020 2019 Tax jurisdiction from: - Local $ - $ - - Foreign (25,189 ) (48,720 ) Loss before income taxes $ (25,189 ) $ (48,720 )
Schedule of income tax expense	Nine Months Ended September 30, 2020 2019 Loss before income taxes from HK operation $ (25,189 ) $ (48,720 ) Statutory income tax rate 8.25 % 8.25 % Income tax expense at statutory rate (2,078 ) (4,019 ) Tax losses carryforward 2,078 4,019 Income tax expense $ - $ -
Schedule of deferred tax assets and liabilities	September 30, December 31, 2020 2019 (Unaudited) (Audited) Deferred tax assets: Net operating loss carryforwards United States $ 426 $ 54,600 Hong Kong 29,913 27,835 Total 30,339 82,435 Less: valuation allowance (30,339 ) (82,435 ) Net deferred tax asset $ - $ -

ORGANIZATION (Details Narrative

ORGANIZATION (Details Narrative) - Kang Min Global Holdings Limited [Member]	1 Months Ended
	Jun. 24, 2020shares
Transfered shares	4,750,000
Ownership percetage of transfered shares description	The transfer constitutes 85.8% of the issued common stock of the company

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
ORGANIZATION
Accumulated deficit	$ (490,127)						$ (490,127)		$ (464,938)
Net loss	$ (12,613)	$ (9,139)	$ (3,437)	$ (7,073)	$ (11,616)	$ (30,031)	(25,189)	$ (48,720)
Net cash used in operation							$ (208)	$ (14,994)

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
SIGNIFICANT ACCOUNTING POLICIES
Cash	$ 4,140	$ 4,348	$ 4,348	$ 4,534

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Due to related parties	$ 318,396		$ 290,209
Advances from a related party	0	$ 14,808
Shareholders [Member]
Advances from a related party	$ 28,187

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Tax jurisdiction from:
Local	$ 0	$ 0
Foreign	(25,189)	(48,720)
Loss before income taxes	$ (25,189)	$ (48,720)

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Loss before income taxes from HK operation	$ (25,189)	$ (48,720)
Hong Kong [Member]
Loss before income taxes from HK operation	$ (25,189)	$ (48,720)
Statutory income tax rate	8.25%	8.25%
Income tax expense at statutory rate	$ (2,078)	$ (4,019)
Tax losses carryforwards	2,078	4,019
Income tax expense	$ 0	$ 0

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Net operating loss carryforwards
United States	$ 426	$ 54,600
Hong Kong	29,913	27,835
Total	30,339	82,435
Less: valuation allowance	(30,339)	(82,435)
Net deferred tax asset	$ 0	$ 0

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	9 Months Ended
	Sep. 30, 2020USD ($)
Deferred tax assets, future tax benefits	$ 426
Net operating loss carryforwards	2,028
Change in valuation allowance	52,096
Hong Kong [Member] | Ages Level [Member]
Net operating loss carryforwards	223,347
Deferred tax assets	$ 29,913
Hong Kong [Member] | Maximum [Member]
Interest rate	165.00%
Hong Kong [Member] | Minimum [Member]
Interest rate	8.25%

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)	1 Months Ended
	Sep. 17, 2020
SUBSEQUENT EVENTS
Agreement description	the Company agrees to purchase up to 80% of the issued and outstanding stock of Youkan for terms to be set forth in a definitive agreement. The definitive agreement will be completed within three months of the MOU.