Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Jan. 01, 2020 | |
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-K | |
Amendment Flag | false | |
Document Period End Date | Dec. 31, 2019 | |
Document Fiscal Period Focus | FY | |
Document Fiscal Year Focus | 2019 | |
Entity Shell Company | false | |
Entity Well Known Seasoned Issuer | No | |
Entity Voluntary Filer | No | |
Entity Current Reporting Status | Yes | |
Entity Common Stock, Shares Outstanding | 36,293,000 | |
Entity Public Float | $ 12,930 | |
Transition Perid | false | |
Entity Interactive Data Current | Yes | |
File Number | 000-55819 | |
Entity Incorporation, State Country Code | NV |
Balance Sheets
Balance Sheets - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Current assets: | ||
Cash and cash equivalents | $ 1,770 | $ 13,705 |
Accounts Receivable | 0 | 0 |
Total Current Assets | 1,770 | 13,705 |
Construction equipment from related party, net of depreciation | 20,000 | 25,000 |
TOTAL ASSETS | 21,770 | 38,705 |
Current Liabilities: | ||
Related Party Accrued Shareholder Salary | 131,500 | 113,500 |
Total Liabilities | 131,500 | 113,500 |
COMMITMENTS AND CONTINGENCIES | 0 | 0 |
Stockholders' Equity | ||
Common stock, $0.0001 par value; 75,000,000 shares authorized; 36,293,000 shares and 5,000,000 shares issued and outstanding in 2019 and 2018 respectively | 3,629 | 3,629 |
Additional paid in capital | 344,301 | 344,301 |
Accumulated deficit | (457,660) | (422,725) |
Total Stockholders' Equity | (109,730) | (74,795) |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 21,770 | $ 38,705 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2019 | Dec. 31, 2018 |
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 |
Common stock; outstanding | 36,293,000 | 36,293,000 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Income Statement [Abstract] | ||
Commissions revenue | $ 11,480 | $ 11,576 |
Operating expenses: | ||
General and administration expense | 26,615 | 15,797 |
Related Party Equipment rental, office rent and salary expense | 19,800 | 26,250 |
Stock Compensation Expense | 0 | 0 |
Total operating expenses | 46,415 | 42,047 |
Net (loss) from operations before income taxes | (34,935) | (30,471) |
Income tax | 0 | 0 |
Net income (loss) | $ (34,935) | $ (30,471) |
Profit (Loss) per common share | $ 0 | $ 0 |
Weights average of shares outstanding | 36,293,000 | 36,293,000 |
Statements of Stockholders' Equ
Statements of Stockholders' Equity - USD ($) | Common Stock | APIC | Accumulated Deficit | Total |
Beginning Balance, Shares at Dec. 31, 2015 | 5,000,000 | |||
Beginning Balance, Value at Dec. 31, 2015 | $ 500 | $ 9,500 | $ (44,618) | $ (34,618) |
Net Loss | (32,703) | (32,703) | ||
Ending Balance, Shares at Dec. 31, 2016 | 5,000,000 | |||
Ending Balance, Value at Dec. 31, 2016 | $ 500 | 9,500 | (77,321) | (67,321) |
Stocks for Cash | $ 129 | 12,801 | 12,930 | |
Stocks for Cash, shares | 1,293,000 | |||
Stocks for repayment of accrued related party salary and compensation | $ 3,000 | 297,000 | 300,000 | |
Stocks for repayment of accrued related party salary and compensation, Shares | 30,000,000 | |||
Net Loss | (314,933) | (314,933) | ||
Ending Balance, Shares at Dec. 31, 2017 | 36,293,000 | |||
Ending Balance, Value at Dec. 31, 2017 | $ 3,629 | 319,301 | (392,254) | (69,324) |
Net Loss | 25,000 | (30,471) | (5,471) | |
Ending Balance, Shares at Dec. 31, 2018 | 36,293,000 | |||
Ending Balance, Value at Dec. 31, 2018 | $ 3,629 | 344,301 | (422,725) | (74,795) |
Net Loss | (34,935) | (34,935) | ||
Ending Balance, Shares at Dec. 31, 2019 | 36,293,000 | |||
Ending Balance, Value at Dec. 31, 2019 | $ 3,629 | $ 344,301 | $ (457,660) | $ (109,730) |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Cash flows from operating activities: | ||
Net income (loss) | $ (34,935) | $ (30,471) |
Changes in Operating Assets and Liabilities: | ||
(Increase)/Decrease in Accounts Payable | 18,000 | 23,500 |
Depreciation | 5,000 | 0 |
Net cash used in operating activities | (11,935) | (6,971) |
Cash flows from investing activities: | ||
Purchase of fixed assets | 0 | (25,000) |
Net cash used in investing activities | 0 | (25,000) |
Cash flows from financing activities: | ||
Proceeds from sale of common stock | 0 | 25,000 |
Net cash provided by financing activities | 0 | 25,000 |
Net change in cash | (11,935) | (6,971) |
Cash, beginning of the period | 13,705 | 20,676 |
Cash, end of the period | 1,770 | 13,705 |
Supplemental Disclosures regarding cash flows information | ||
Interest paid | 0 | 0 |
Income taxes paid | $ 0 | $ 0 |
Description of Business
Description of Business | 12 Months Ended |
Dec. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Description of Business | NOT E 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 Eastern Europe, and specifically 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 limited operating revenues through December 31,2019. 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 | 12 Months Ended |
Dec. 31, 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 $1,770 as of December 31, 2019 and net loss from operation of $34,935. 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 | 12 Months Ended |
Dec. 31, 2019 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | NOTE 3 – SUMMA R F ES Us e The preparation of th e e s y g y e g es e s a ag a a s ss at aff e sc s A y , ffe 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 2019 was a fixed amount. 3. We recognize revenue when the firm Markus obtains control of that equipment and we received the payment. 4. We pay Mr. Guzii rent at $450 per quarter for this office. 5. 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 . when the services have been performed. Our revenue includes the gross amounts that come from Client for the Property Management and Rent Service. 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. February 8, 2017 USA and Ukraine signed an Intergovernmental Agreement (IGA) to implement provisions of the Foreign Account Tax Compliance Act (FATCA) and to promote transparency between the two nations on tax matters. 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 Operating Loss for 2019 ($34,935) and Net Operating Loss for 2018 ($30,471). 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 | 12 Months Ended |
Dec. 31, 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. End of December 2019 the Company had issued and outstanding 36,293,000 common stocks. We issued 1,293,000 common shares for cash at a purchase price of $0.01 per share to 31 nonaffiliated shareholders. 30,000,000 shares were issued to our founder Mr.Guzii of 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 | 12 Months Ended |
Dec. 31, 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 | 12 Months Ended |
Dec. 31, 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 December 31, 2019 were within FDIC insured limits. Concentration of revenues. Since the Company has only two clients from which we receive the income our revenues concentrate from particular clients. It shows our vulnerability 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 | 12 Months Ended |
Dec. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
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 | 12 Months Ended |
Dec. 31, 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 Marcus and Protel Management. We pay Mr. Guzii at $450 per quarter for the office rent. Our annual rental payment for 2019 was $1,800 and for 2018 was $2,250 respectively. Also, in 2019 he received $18,000 accrued salary. He devotes significant time servicing to Protel Management. We do not have an employment agreement with Mr. Guzii. Director of Protel Management Sergii Povaliaiev also is our shareholder. He holds 25,000 common shares – it is lower than 0.1% of total issued common shares. Our annual revenue from Protel Management for 2019 was $6,480 and for 2018 was $6,576 respectively. |
Stockholders' Equity
Stockholders' Equity | 12 Months Ended |
Dec. 31, 2019 | |
Equity [Abstract] | |
Stockholders' Equity | NOTE 9 – STOCKHOLDERS’ EQUITY From our inception on June 18, 2014 through December 31, 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 of $12,930 sold at 0.01 per share. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 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) | 12 Months Ended |
Dec. 31, 2019 | |
Accounting Policies [Abstract] | |
Use of estimates | Us e The preparation of th e e s y g y e g es e s a ag a a s ss at aff e sc s A y , ffe |
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 2019 was a fixed amount. 3. We recognize revenue when the firm Markus obtains control of that equipment and we received the payment. 4. We pay Mr. Guzii rent at $450 per quarter for this office. 5. 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 . when the services have been performed. Our revenue includes the gross amounts that come from Client for the Property Management and Rent Service. |
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. February 8, 2017 USA and Ukraine signed an Intergovernmental Agreement (IGA) to implement provisions of the Foreign Account Tax Compliance Act (FATCA) and to promote transparency between the two nations on tax matters. 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 Operating Loss for 2019 ($34,935) and Net Operating Loss for 2018 ($30,471). Income tax assets and liabilities are computed annually for differences between financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities. |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Cash | $ 1,770 | $ 13,705 | $ 20,676 |
Net loss from operation | $ (34,935) |
Summary of Significant Account
Summary of Significant Account Policies (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Accounting Policies [Abstract] | ||
Net income (loss) | $ (34,935) | $ (30,471) |
Common Stock Issued and Outst_2
Common Stock Issued and Outstanding (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
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 |
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 |
Concentration of Credit Risk (D
Concentration of Credit Risk (Details Narrative) | Dec. 31, 2019USD ($) |
Risks and Uncertainties [Abstract] | |
FDIC insured limit | $ 250,000 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Office | ||
Rental Payment | $ 1,800 | $ 2,250 |
Guzii | ||
Accrued salary | $ 18,000 | |
Protel Management | ||
Common stock | 25,000 | |
Percentage of common stock | 0.10% | |
Revenue from related parties | $ 6,480 | $ 6,576 |
Stockholders' Equity (Details N
Stockholders' Equity (Details Narrative) | 12 Months Ended |
Dec. 31, 2019USD ($)$ / sharesshares | |
Common stock; issued | 36,293,000 |
Common stock, per share | $ / shares | $ 0.01 |
Non-affiliated Investors | |
Common stock; issued | 1,293,000 |
Common stock, value | $ | $ 12,930 |
Founder | |
Common stock; issued | 35,000,000 |