Strong Solutions (SGOU) 10-Q 18 Oct 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2019shares
Document And Entity Information
Entity Registrant Name	Strong Solutions Inc.
Entity Central Index Key	0001637242
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2019
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding	36,293,000
Entity Transition Period	false

Balance Sheets (Unaudited)

Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 1,758	$ 13,705
Total Current Assets	1,758	13,705
Construction equipment from related party		25,000
Construction Equpment net of depreciation	21,250
TOTAL ASSETS	23,008	38,705
Current Liabilities:
Related Party Accrued Shareholder Salary	127,000	113,500
Total Liabilities	127,000	113,500
Stockholders' Equity
Stockholders' Equity: Common stock, $0.0001 par value; 75,000,000 shares authorized 36,293,000and 36,293,000 shares issued and outstandingas of September 30, 2019 and December 31, 2018 respectively	3,629	3,629
Additional paid in capital	344,301	344,301
Accumulated deficit	(451,922)	(422,725)
Total Stockholders' Equity	(103,992)	(74,795)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 23,008	$ 38,705

Balance Sheets (Unaudited) (Par

Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Common stock; par value	$ 0.0001	$ 0.0001
Common stock; authorized	75,000,000	75,000,000
Common stock; shares issued	36,293,000	36,293,000	5,000,000
Common stock; outstanding	36,293,000	36,293,000

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Commissions revenue	$ 3,660	$ 3,130	$ 8,330	$ 8,395
Operating expenses:
General and administration expense	3,857	2,646	22,677	10,898
Related Party Equipment rental, office rent and salary expense	4,950	5,100	14,850	21,150
Total operating expenses	8,807	7,746	37,527	32,048
Net (loss) from operations before income taxes	(5,147)	(4,616)	(29,197)	(23,653)
Income tax	0	0	0	0
Net income (loss)	$ (5,147)	$ (4,616)	$ (29,197)	$ (23,653)
Profit (Loss) per common share	$ 0	$ 0	$ 0	$ 0
Weights average of shares outstanding	36,293,000	36,293,000	36,293,000	36,293,000

Statements of Stockholders' Equ

Statements of Stockholders' Equity (Unaudited) - USD ($)	Accumulated Deficit	Total
Beginning Balance, Value at Dec. 31, 2017	$ (392,254)	$ (69,324)
Net Loss	(23,653)	(23,653)
Ending Balance, Value at Sep. 30, 2018	(415,907)	$ (92,977)
Beginning Balance, Shares at Dec. 31, 2018		36,293,000
Beginning Balance, Value at Dec. 31, 2018	(422,725)	$ (74,795)
Net Loss	(29,197)	$ (29,197)
Ending Balance, Shares at Sep. 30, 2019		36,293,000
Ending Balance, Value at Sep. 30, 2019	$ (451,922)	$ (103,992)

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income (loss)	$ (29,197)	$ (23,653)
Changes in Operating Assets and Liabilities:
Increase/(Decrease) in Accounts Payable	13,500	19,000
Depreciation	3,750	0
Net cash used in operating activities	(11,947)	(4,653)
Cash flows from investing activities:
Net cash used in investing activities	0	0
Cash flows from financing activities:
Proceeds from sale of common stock	0	0
Net cash provided by financing activities	0	0
Net change in cash	(11,947)	(4,653)
Cash, beginning of the period	13,705	20,676
Cash, end of the period	1,758	16,023
Supplemental Disclosures regarding cash flows information
Interest paid	0	0
Income taxes paid	$ 0	$ 0

Description of Business

Description of Business	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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, 2019. 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.

Going Concern

Going Concern	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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 $1,758 as of September 30, 2019 and net loss from operation of $5,147 for the three months ended September 30, 2019. 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
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. We identify obligations in the contract with firm Markus. A contract includes promises to transfer temporary right to use construction equipment in their business for profit. 2. We determine the transaction price $500 in a month. The transaction price is the reasonable amount of which we and firm Markus were agree. The transaction price in 3 d 3. We recognize revenue when the firm Markus obtains control of that equipment and we received the payment. 4. The transaction price also can include variable consideration or consideration in a form other than cash. In our property management service with Protel Management we received changeable revenue. If the consideration is variable, we estimate the amount of consideration to which we will be entitled in exchange for the services. The estimated amount of variable consideration will be included in the transaction price only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. 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, 2019 was $5,147 and for the three months ended September 30, 2018 was $4,616. 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.

Common Stock Issued and Outstan

Common Stock Issued and Outstanding	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
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, 2019 to September 30, 2019 there were no changes in common stock. As of September 30, 2019, the Company had issued and outstanding 36,293,000 shares of common stock. We issued 1,293,000 common shares for cash at a purchase price of $0.01 per share to 31 nonaffiliated shareholders. We issued 5,000,000 common shares for cash at a purchase price of $0.002 per share to our director Mr.Guzii. 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.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
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.

Concentration of Credit Risk

Concentration of Credit Risk	9 Months Ended
	Sep. 30, 2019
Risks and Uncertainties [Abstract]
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, 2019 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.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
COMMITMENTS AND CONTINGENCIES
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.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 8 – RELATED PARTY TRANSACTIONS Mr. Guzii is 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. Also, 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, 2019, and we count rental expense on our books.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Stockholders' Equity	NOTE 9 – STOCKHOLDERS’ EQUITY From our inception on June 18, 2014 through September 30, 2019, the Company issued 36,293,000 shares of common stock. 35,000,000 for our founder and 1,293,000 for non-affiliated investors for cash, received proceeds of $12,930 sold at $0.01 per share.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
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.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
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.
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. We identify obligations in the contract with firm Markus. A contract includes promises to transfer temporary right to use construction equipment in their business for profit. 2. We determine the transaction price $500 in a month. The transaction price is the reasonable amount of which we and firm Markus were agree. The transaction price in 3 d 3. We recognize revenue when the firm Markus obtains control of that equipment and we received the payment. 4. The transaction price also can include variable consideration or consideration in a form other than cash. In our property management service with Protel Management we received changeable revenue. If the consideration is variable, we estimate the amount of consideration to which we will be entitled in exchange for the services. The estimated amount of variable consideration will be included in the transaction price only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. 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	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	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, 2019 was $5,147 and for the three months ended September 30, 2018 was $4,616. 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.

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash	$ 1,758	$ 16,023	$ 1,758	$ 16,023	$ 13,705	$ 20,676
Net loss	$ (5,147)	$ (4,616)	$ (29,197)	$ (23,653)

Summary of Significant Account

Summary of Significant Account Policies (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accounting Policies [Abstract]
Net income (loss)	$ (5,147)	$ (4,616)	$ (29,197)	$ (23,653)

Common Stock Issued and Outst_2

Common Stock Issued and Outstanding (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2018	Sep. 30, 2019	Dec. 31, 2017
Accounting Policies [Abstract]
Common stock; authorized	75,000,000	75,000,000
Common stock; par value	$ 0.0001	$ 0.0001
Common stock; issued	36,293,000	36,293,000	5,000,000
Common stock; outstanding	36,293,000	36,293,000
Common shares issued for cash	1,293,000
Common shares issued for cash, per share	$ 0.01
Shares issued for repayment of accrued salary	30,000,000
Shares issued for repayment of accrued salary, value	$ 30,000
Stock compensation	$ 270,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative)	9 Months Ended
	Sep. 30, 2019USD ($)
Office
Rental expense	$ 450

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	63 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Common stock; issued	36,293,000
Common stock, per share	$ 0.01
Founder
Common stock; issued	35,000,000
Non-affiliated Investors
Common stock; issued		1,293,000
Common stock, value	$ 12,930