Strong Solutions (SGOU) 10-Q 10 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2020shares
Details
Registrant CIK	0001637242
Fiscal Year End	--12-31
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	000-55819
Entity Registrant Name	STRONG SOLUTIONS INC.
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	38-3942046
Entity Address, Address Line One	102 N. Curry Street
Entity Address, City or Town	Carson City
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89703
Entity Address, Address Description	Address of Principal Executive Offices
City Area Code	775
Local Phone Number	434-4451
Phone Fax Number Description	Registrant’s telephone number
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	37,093,000
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3

BALANCE SHEETS (September 30, 2

BALANCE SHEETS (September 30, 2020 Unaudited) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 4,320	$ 1,770
Construction equipment from related party, net of depreciation	25,000	25,000
Accumulated Depreciation	(8,750)	(5,000)
Total Current Assets	20,570	21,770
Total Assets	20,570	21,770
Current Liability
Related Party Accrued Shareholder Salary	140,500	131,500
Accounts Payable Loan from related party	3,000	0
Total Liabilities	143,500	131,500
Stockholders' Equity:
Common Stock, Value	3,709	3,629
Additional paid in capital	352,221	344,301
Accumulated deficit	(478,860)	(457,660)
Total stockholders' equity	(122,930)	(109,730)
Total Liabilities and Stockholders' Equity	$ 20,570	$ 21,770

BALANCE SHEETS (September 30,_2

BALANCE SHEETS (September 30, 2020 Unaudited) - Parenthetical - $ / shares	Sep. 30, 2020	Dec. 31, 2019
Details
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares, Issued	37,093,000	36,293,000
Common Stock, Shares, Outstanding	37,093,000	36,293,000

STATEMENTS OF OPERATIONS (Unaud

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Details
Commissions revenue	$ 2,650	$ 3,660	$ 6,280	$ 8,330
Operating expenses:
General and administration expense	4,378	3,857	13,130	22,677
Related Party office rent, relocation and salary expense	4,450	4,950	11,350	14,850
Loan from Related Party	0	0	3,000	0
Total operating expenses	8,828	8,807	27,480	37,527
Net (loss) from operations before income taxes	(6,178)	(5,147)	(21,200)	(29,197)
Income tax	0	0	0	0
Net income (loss)	$ (6,178)	$ (5,147)	$ (21,200)	$ (29,197)
Profit (Loss) per common share	$ 0	$ 0	$ 0	$ 0
Weights average of shares outstanding	36,897,348	36,293,000	36,426,237	36,293,000

STATEMENTS OF STOCKHOLDERS' EQU

STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) (Unaudited) - USD ($)	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Equity Balance, Starting at Dec. 31, 2018	$ 3,629	$ 344,301	$ (422,725)	$ (74,795)
Shares Outstanding, Starting at Dec. 31, 2018	36,293,000
Net Income (Loss)	$ 0	0	(29,197)	(29,197)
Shares Outstanding, Ending at Sep. 30, 2019	36,293,000
Equity Balance, Ending at Sep. 30, 2019	$ 3,629	344,301	(451,922)	(103,992)
Equity Balance, Starting at Dec. 31, 2019	$ 3,629	344,301	(457,660)	(109,730)
Shares Outstanding, Starting at Dec. 31, 2019	36,293,000
Stock Issued During Period, Value, New Issues	$ 80	7,920	0	8,000
Stock Issued During Period, Shares, New Issues	800,000
Net Income (Loss)	$ 0	0	(21,200)	(21,200)
Shares Outstanding, Ending at Sep. 30, 2020	37,093,000
Equity Balance, Ending at Sep. 30, 2020	$ 3,709	$ 352,221	$ (478,860)	$ (122,930)

STATEMENTS OF CASH FLOWS (Unaud

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net income (loss)	$ (21,200)	$ (29,197)
Changes in Operating Assets and Liabilities:
Increase/(Decrease) in Accounts Payable	12,000	13,500
Depreciation	3,750	3,750
Net cash used in operating activities	(5,450)	(11,947)
Cash flows from investing activities:
Net cash used in investing activities	0	0
Cash flows from financing activities:
Proceeds from sale of common stock	8,000	0
Net cash provided by financing activities	8,000	0
Net change in cash	2,550	(11,947)
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	1,770	13,705
Cash and Cash Equivalents, at Carrying Value, Ending Balance	4,320	1,758
Supplemental Disclosures regarding cash flows information
Interest paid	0	0
Income taxes paid	$ 0	$ 0

NOTE 1 - DESCRIPTION OF BUSINES

NOTE 1 - DESCRIPTION OF BUSINESS	9 Months Ended
	Sep. 30, 2020
Notes
NOTE 1 - DESCRIPTION OF BUSINESS	NOTE 1 – DESCRIPTION OF BUSINESS Strong Solutions, Inc. (the “Company”) was incorporated under the laws of the State of Nevada on June 18, 2014 for engagement in business of real estate management, maintenance and rehabilitation and construction equipment rental in Ukraine. The Company provides this service for companies and for individuals outside of the United States of America. As a development-stage enterprise, the Company had operating revenues through September 30, 2020. Recorded Commission Revenue was generated from Ukrainian clients. The Company is currently devoting substantially all of its present efforts to securing and establishing a new business.

NOTE 2 - GOING CONCERN

NOTE 2 - GOING CONCERN	9 Months Ended
	Sep. 30, 2020
Notes
NOTE 2 - GOING CONCERN	NOTE 2 – GOING CONCERN The financial statements have been prepared assuming that the Company will continue as a going concern. Currently, the Company has a cash balance of $4,320 as of September 30, 2020 and net loss from operation of $6,178 for the three months ended September 30, 2020. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management believes that the Company’s capital requirements will depend on many factors including the success of our development efforts and our efforts to raise capital. Management also believes the Company needs to raise additional capital for working purposes. There is no assurance that such financing will be available in the future. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

NOTE 3 - SUMMARY OF SIGNIFICANT

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2020
Notes
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of estimates The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from these estimates. Revenue recognition We base our judgment on guidance ASC 606. Accounting Standards Update 2016-08. All revenues appear in current periods to be recognized as gross, so, there is no net revenue recognized in current periods. FASB’s new single, principle-based approach to accounting for revenue from contracts with customers. As the entity, we involved in providing a good and provide service to the customers. In those circumstances, Topic 606 requires us to determine whether the nature of our promise is to provide that good or service to the customers (that is, the entity is a principal) or to arrange for the good or service to be provided to the customers by the other party (that is, the entity is an agent). This determination is based upon whether we control the good or the service before it is transferred to the customer. Some indicators help in this evaluation. 1. 2. 3. 4. The Company considered recognizes the revenue on the accrual basis, revenue is recognized when earned and services . We are principal, and recognize the gross amount received from the customer as revenue. Revenues are reported on the income statement Cash equivalents The Company considers all highly liquid instruments and tries to work in cash equivalent segment. The Company’s funds are deposited in insured institutions. Income Taxes We are subject to income taxes in the U.S. For present time we don’t have any current income tax obligations. The Company accounts for income taxes under the provisions of ASC Topic 740, “Income Taxes .” The asset and liability method require the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between tax bases and financial reporting bases of other assets and liabilities. Deferred tax asset would be the net operating loss carryforward value at tax rates. Our net (loss) from operations before income taxes for the three months ended September 30, 2020 was $6,178 and for the three months ended September 30, 2019 was $5,147. Income tax assets and liabilities are computed annually for differences between financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities.

NOTE 4 - COMMON STOCK ISSUED AN

NOTE 4 - COMMON STOCK ISSUED AND OUTSTANDING	9 Months Ended
	Sep. 30, 2020
Notes
NOTE 4 - COMMON STOCK ISSUED AND OUTSTANDING	NOTE 4 – COMMON STOCK ISSUED AND OUTSTANDING The company authorized 75,000,000 Common shares $0.0001 par value. For the period from January 1, 2020 to September 30, 2020 there were some changes in common stock. As of September 30, 2020, the Company had issued and outstanding 37,093,000 shares of common stock. We issued 1,293,000 common shares for cash at a purchase price of $0.01 We issued 5,000,000 common shares for cash at a purchase price of $0.002 We issued 800,000 common shares for cash at a purchase price of $0.01 30,000,000 shares were issued to our director Mr.Guzii for repayment of accrued salary on $30,000 and $270,000 of stock compensation value at $0,01 per share. This value was determined based on the previous sale of stock to unrelated parties at 0.01 per share. Mr. Guzii sold his 35,000,00 shares of common stock for $3,500 to NV Share Services LLC on May 18, 2020. On May 18, 2020, the company sold 400,000 shares of common stock to NV Share Services, LLC for $4,000.00. On August 14, 2020, the company sold 400,000 shares of common stock to NV Share Services, LLC for $4,000.00.

NOTE 5 - FAIR VALUE OF FINANCIA

NOTE 5 - FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2020
Notes
NOTE 5 - FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 5 – FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying amounts of cash and cash equivalents approximate their fair values due to their short-term nature.

NOTE 6 - CONCENTRATION OF CREDI

NOTE 6 - CONCENTRATION OF CREDIT RISK	9 Months Ended
	Sep. 30, 2020
Notes
NOTE 6 - CONCENTRATION OF CREDIT RISK	NOTE 6 – CONCENTRATION OF CREDIT RISK The Company maintains cash balances at a Wells Fargo financial institution. The balance, at any given time, may exceed Federal Deposit Insurance Corporation (“FDIC”) insurance limits of $250,000 per institution. Our cash balances at September 30, 2020 were within FDIC insured limits. Concentration of revenues. The Company has only two clients from which we receive the income: Protel Management and firm Markus. It shows our dependence from them and in present time we can't diversify in order to mitigate the risks. We can have the potential for serious impact that can result from a complete or partial loss of business from our clients and as a consequence of the change in income.

NOTE 7 - COMMITMENTS AND CONTIN

NOTE 7 - COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2020
Notes
NOTE 7 - COMMITMENTS AND CONTINGENCIES	NOTE 7 – COMMITMENTS AND CONTINGENCIES The Company is not currently a party to any material legal proceedings, nor is we aware of any other pending or threatened litigation that would have a material adverse effect on our business, operating results, cash flows or financial condition should such litigation be resolved unfavorable.

NOTE 8 - RELATED PARTY TRANSACT

NOTE 8 - RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2020
Notes
NOTE 8 - RELATED PARTY TRANSACTIONS	NOTE 8 – RELATED PARTY TRANSACTIONS Mr. Guzii is not any more our controlling shareholder. He represents the company and provides the services on our behalf to our clients firm Markus and Protel Management. We used his construction equipment to make our business with firm Markus from 2015 to 2018. End of the 2018 we put this equipment on the balance sheet since it is already our property. We rent office from Mr. Guzii. We paid him the office rent fee $150 per month. We booked expense $450 for office rent from this related party for the three months ended September 30, 2020, and we count rental expense on our books. Also, we paid $1,000 to Mr. Guzii for relocation.

NOTE 9 - STOCKHOLDERS' EQUITY

NOTE 9 - STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2020
Notes
NOTE 9 - STOCKHOLDERS' EQUITY	NOTE 9 – STOCKHOLDERS’ EQUITY From our inception on June 18, 2014 through September 30, 2020, the Company issued 37,093,000 shares of common stock. 35,000,000 for our founder, 1,293,000 for non-affiliated investors for cash, received proceeds of $12,930 sold at $0.01 per share. On May 18, 2020 NV Share Services LLC purchased 35,000,000 shares of Common Stock of the Company from Andrii Guzii for $3,500.00 in cash. May 18, 2020 Strong Solutions Inc. sold 400,000 common shares to NV Share Services LLC for $4,000. August 14, 2020 Strong Solutions Inc. sold 400,000 common shares to NV Share Services LLC for $4,000.

NOTE 10 - SUBSEQUENT EVENTS

NOTE 10 - SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2020
Notes
NOTE 10 - SUBSEQUENT EVENTS	NOTE 10 – SUBSEQUENT EVENTS In accordance with ASC 855 the Company’s management reviewed all material events through the date these financial statements were available to be issued, and there are no material subsequent events.

NOTE 3 - SUMMARY OF SIGNIFICA_2

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Use of estimates (Policies)	9 Months Ended
	Sep. 30, 2020
Policies
Use of estimates	Use of estimates The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from these estimates.

NOTE 3 - SUMMARY OF SIGNIFICA_3

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue recognition (Policies)	9 Months Ended
	Sep. 30, 2020
Policies
Revenue recognition	Revenue recognition We base our judgment on guidance ASC 606. Accounting Standards Update 2016-08. All revenues appear in current periods to be recognized as gross, so, there is no net revenue recognized in current periods. FASB’s new single, principle-based approach to accounting for revenue from contracts with customers. As the entity, we involved in providing a good and provide service to the customers. In those circumstances, Topic 606 requires us to determine whether the nature of our promise is to provide that good or service to the customers (that is, the entity is a principal) or to arrange for the good or service to be provided to the customers by the other party (that is, the entity is an agent). This determination is based upon whether we control the good or the service before it is transferred to the customer. Some indicators help in this evaluation. 1. 2. 3. 4. The Company considered recognizes the revenue on the accrual basis, revenue is recognized when earned and services . We are principal, and recognize the gross amount received from the customer as revenue. Revenues are reported on the income statement

NOTE 3 - SUMMARY OF SIGNIFICA_4

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cash equivalents (Policies)	9 Months Ended
	Sep. 30, 2020
Policies
Cash equivalents	Cash equivalents The Company considers all highly liquid instruments and tries to work in cash equivalent segment. The Company’s funds are deposited in insured institutions.

NOTE 3 - SUMMARY OF SIGNIFICA_5

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Income Taxes (Policies)	9 Months Ended
	Sep. 30, 2020
Policies
Income Taxes	Income Taxes We are subject to income taxes in the U.S. For present time we don’t have any current income tax obligations. The Company accounts for income taxes under the provisions of ASC Topic 740, “Income Taxes .” The asset and liability method require the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between tax bases and financial reporting bases of other assets and liabilities. Deferred tax asset would be the net operating loss carryforward value at tax rates. Our net (loss) from operations before income taxes for the three months ended September 30, 2020 was $6,178 and for the three months ended September 30, 2019 was $5,147. Income tax assets and liabilities are computed annually for differences between financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities.

NOTE 1 - DESCRIPTION OF BUSIN_2

NOTE 1 - DESCRIPTION OF BUSINESS (Details)	9 Months Ended
	Sep. 30, 2020
Details
Entity Incorporation, State or Country Code	NV
Entity Incorporation, Date of Incorporation	Jun. 18, 2014

NOTE 2 - GOING CONCERN (Details

NOTE 2 - GOING CONCERN (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Details
Cash and cash equivalents	$ 4,320	$ 1,758	$ 4,320	$ 1,758	$ 1,770	$ 13,705
Net income (loss)	$ (6,178)	$ (5,147)	$ (21,200)	$ (29,197)

NOTE 4 - COMMON STOCK ISSUED _2

NOTE 4 - COMMON STOCK ISSUED AND OUTSTANDING (Details) - $ / shares	9 Months Ended	75 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Common Stock, Shares Authorized	75,000,000	75,000,000	75,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001	$ 0.0001
Entity Common Stock, Shares Outstanding	37,093,000	37,093,000
Common Stock, Shares, Issued	37,093,000	37,093,000	36,293,000
Common Stock, Shares, Outstanding	37,093,000	37,093,000	36,293,000
Stock Issued During Period, Shares, New Issues		37,093,000
Transaction #1
Stock Issued During Period, Shares, New Issues	1,293,000
Sale of Stock, Price Per Share	$ 0.01	$ 0.01
Transaction #2
Stock Issued During Period, Shares, New Issues	5,000,000
Sale of Stock, Price Per Share	$ 0.002	0.002
Transaction #3
Stock Issued During Period, Shares, New Issues	800,000
Sale of Stock, Price Per Share	$ 0.01	0.01
Transaction #4
Stock Issued During Period, Shares, New Issues	30,000,000
Sale of Stock, Price Per Share	$ 1	$ 1
Common Stock
Shares, Outstanding	37,093,000	37,093,000	36,293,000	36,293,000	36,293,000
Stock Issued During Period, Shares, New Issues	800,000

NOTE 8 - RELATED PARTY TRANSA_2

NOTE 8 - RELATED PARTY TRANSACTIONS (Details)	3 Months Ended
	Sep. 30, 2020USD ($)
Details
Payments for Rent	$ 450
Payment to related party for relocation	$ 1,000

NOTE 9 - STOCKHOLDERS' EQUITY (

NOTE 9 - STOCKHOLDERS' EQUITY (Details) - USD ($)	9 Months Ended	75 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Details
Stock Issued During Period, Shares, New Issues		37,093,000
Stock Issued	$ 12,930