Andes 8 10-K 31 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 31, 2017
Document And Entity Information
Entity Registrant Name	China Tongzilian Group Share Ltd Inc.
Entity Central Index Key	1,650,204
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 0
Entity Common Stock, Shares Outstanding		20,000,000
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current Assets:
Cash	$ 0	$ 0
Total Current Assets	0	0
TOTAL ASSETS	0	0
Current Liabilities
Accounts payable	3,811	1,626
Total Current Liabilities	3,811	1,626
TOTAL LIABILITIES	3,811	1,626
Stockholders' Deficit:
Preferred stock, ($0.0001 par value, 5,000,000 shares authorized; none issued and outstanding.)	0	0
Common stock ($0.0001 par value, 300,000,000 shares authorized; 20,000,000 and 10,000,000 shares issued and outstanding, as of September 30, 2016 and December 31, 2016, respectively)	2,000	1,000
Additional paid-in capital	31,601	1,250
Accumulated deficit	(37,412)	(3,876)
Total Stockholders' Deficit	(3,811)	(1,626)
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT	$ 0	$ 0

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Preferred stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	100,000,000
Common stock, shares issued	20,000,000	10,000,000
Common stock, shares outstanding	20,000,000	10,000,000
Common stock, par value	$ 0.0001	$ 0.0001

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Revenue	$ 0	$ 0
Operating Expenses:
General and administrative expenses	33,536	3,876
Total operating expenses	33,536	3,876
Net loss from operations	(33,536)	(3,876)
Loss before income taxes	(33,536)	(3,876)
Provision for income taxes	0	0
Net Loss	$ (33,536)	$ (3,876)
Basic loss per share	$ 0	$ 0
Weighted average number of common shares outstanding	12,540,984	10,000,000

Statement of Stockholders Equit

Statement of Stockholders Equity - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Balance, shares at Dec. 31, 2014	0	0	0	0
Balance, value at Dec. 31, 2014	$ 0	$ 0	$ 0	$ 0
Shares issued for services, shares - Related Party	10,000,000
Shares issued for services, value - Related Party	$ 1,000			1,000
Contributed Capital - Related Party at Dec. 31, 2015		1,250		1,250
Net Profit (Loss)			(3,876)	$ (3,876)
Balance, shares at Dec. 31, 2015	10,000,000			10,000,000
Balance, value at Dec. 31, 2015	$ 1,000	1,250	(3,876)	$ (1,626)
Shares issued for services, shares - Related Party				10,000,000
Shares issued for services, value - Related Party				$ 0
Shares Retired, shares	(10,000,000)
Shares Retired, value	$ 1,000			1,000
Shares Issued, shares	20,000,000
Shares Issued, value	$ 2,000			2,000
Contributed Capital - Related Party at Dec. 31, 2016		30,351		31,601
Net Profit (Loss)			(33,536)	$ (33,536)
Balance, shares at Dec. 31, 2016	20,000,000			20,000,000
Balance, value at Dec. 31, 2016	$ 2,000	$ 31,601	$ (37,412)	$ (3,811)

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (33,536)	$ (3,876)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation - related party	0	0
Changes in operating assets and liabilities:
Accounts payable	2,185	1,626
Net cash used in operating activities	(31,351)	(1,250)
CASH FLOWS FROM INVESTING ACTIVITIES:	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Contributions from related party	31,351	1,250
Net cash provided by financing activities	31,351	1,250
Net increase (decrease) in cash	0	0
Cash at beginning of period	0	0
Cash at end of period	0	0
NONCASH INVESTING AND FINANCING ACTIVITIES
Common Stock issued to founder for services rendered	0	1,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	0	0
Cash paid for taxes	$ 0	0
Related Party [Member]
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation - related party		1,000
Founder [Member]
NONCASH INVESTING AND FINANCING ACTIVITIES
Common Stock issued to founder for services rendered		$ 1,000

1. ORGANIZATION AND PRINCIPAL A

1. ORGANIZATION AND PRINCIPAL ACTIVITIES	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
ORGANIZATION AND PRINCIPAL ACTIVITIES	(a) Basis of Presentation The Company maintains its general ledger and journals with the accrual method of accounting for financial reporting purposes. The financial statements and notes are representations of management. Accounting policies adopted by the Company conform to U.S. GAAP and have been consistently applied in the presentation of financial statements. The accompanying financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America and pursuant to the rules and regulations of the SEC.

2. SUMMARY OF SIGNIFICANT POLIC

2. SUMMARY OF SIGNIFICANT POLICIES	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of Presentation The Company maintains its general ledger and journals with the accrual method of accounting for financial reporting purposes. The financial statements and notes are representations of management. Accounting policies adopted by the Company conform to U.S. GAAP and have been consistently applied in the presentation of financial statements. The accompanying financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America and pursuant to the rules and regulations of the SEC. (b) Net loss per common share The Company complies with accounting and disclosure requirements of FASB ASC 260, “Earnings Per Share.” Net loss per common share is computed by dividing net loss applicable to common stockholders by the weighted average number of common shares outstanding for the period. At December 31, 2016 and 2015, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into common stock and then share in the earnings of the Company. As a result, diluted loss per common share is the same as basic loss per common share for the period. (c) Use of estimates The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates. (d) Recently issued or adopted standards The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

3. ACCRUED LIABILITIES

3. ACCRUED LIABILITIES	12 Months Ended
	Dec. 31, 2016
Payables and Accruals [Abstract]
3. ACCRUED LIABILITIES	3. ACCRUED LIABILITIES. As of December 31, 2016, and 2015, the Company had $3,811 and $1,626 in accrued liabilities, respectively. The accrued liabilities mainly consist of professional fees.

4. INCOME TAXES

4. INCOME TAXES	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
4. INCOME TAXES	4. INCOME TAXES The Company complies with the accounting and reporting requirements of FASB ASC, 740, "Income Taxes," which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, 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. There were no unrecognized tax benefits as of December 31, 2016. FASB ASC 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 recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties at December 31, 2016. 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 adoption of the provisions of FASB ASC 740 did not have a material impact on the Company's financial position and results of operation and cash flows as of and for the period ended December 31, 2016. As of December 31, 2016, we had a net operating loss carry-forward of approximately $(37,412) and a deferred tax asset of approximately $12,720 using the statutory rate of 34%. The deferred tax asset may be recognized in future periods, not to exceed 20 years. However, due to the uncertainty of future events we have booked valuation allowance of $(12,720). FASB ASC 740 prescribes recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. At December 31, 2016 the Company had not taken any tax positions that would require disclosure under FASB ASC 740. December 31, 2016 December 31, 2015 Deferred Tax Asset $ 12,720 $ 1,318 Valuation Allowance (12,720) (1,318) Deferred Tax Asset (Net) $ - $ - The Company files an income tax return in the U.S. federal jurisdiction and may file income tax returns in various U.S. states and foreign jurisdictions. Generally, the Company is subject to income tax examinations by major taxing authorities during the three year period prior to the period covered by these financial statements.

5. GOING CONCERN AND CAPITAL RE

5. GOING CONCERN AND CAPITAL RESOURCES	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	5. GOING CONCERN AND CAPITAL RESOURCES The Company does not currently engage in any business activities that provide cash flow. During the next 12 months we anticipate incurring costs related to: ● filing of Exchange Act reports, ● payment of annual corporate fees, and ● investigating, analyzing and consummating an acquisition. Mr. Zhang is paying the Company’s expenses and it is recorded as contributed capital. For the years ended December 31, 2016 and 2015, Mr. Zhang contributed $30,351 and $1,250 respectively. As of December 31, 2016, the Company had an accumulated deficit of $37,412. Management anticipates that fees associated with filing of Exchange Act reports including accounting fees and legal fees and payment of annual corporate fees will not exceed $75,000 within next 12 months. We do not currently intend to retain any entity to act as a "finder" to identify and analyze the merits of potential target businesses. Management intends to search for a business combination by contacting various sources including, but not limited to, our affiliates, lenders, investment banking firms, private equity funds, consultants and attorneys and does not plan to conduct a complete and exhaustive investigation and analysis of a business opportunity. Management decisions, therefore, will likely be made without detailed feasibility studies, independent analysis, market surveys and the like which, if we had more funds, would be desirable. If the management can find a suitable target company, we will have to budget for additional fees relating to the investigation into the target company (including due diligence and possibly visiting the facilities) and consummating the reverse merger, which may cost between $125,000 to $150,000. We expect that the expenses for the next 12 months and beyond such time will be paid with amounts that may be loaned to or invested in us by our stockholders, management or other investors. Since we have minimal assets and will continue to incur losses due to the expenses associated with being a reporting company under the Exchange Act, we may cease business operations if we do not timely consummate a business combination. Currently, our ability to continue as a going concern is dependent upon our ability to generate future profitable operations and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. Our ability to continue as a going concern is also dependent upon our ability to find a suitable target company and enter into a possible reverse merger with such company. Management’s plan includes obtaining additional funds by equity financing through a reverse merger transaction and/or related party advances. However, there is no assurance of additional funding being available. The Company may consider a business which has recently commenced operations, is a developing company in need of additional funds for expansion into new products or markets, is seeking to develop a new product or service, or is an established business which may be experiencing financial or operating difficulties and is in need of additional capital. In the alternative, a business combination may involve the acquisition of, or merger with, a company which does not need substantial additional capital, but which desires to establish a public trading market for its shares, while avoiding, among other things, the time delays, significant expense, and loss of voting control which may occur in a public offering. Any target business that is selected may be a financially unstable company or an entity in its early stages of development or growth, including entities without established records of sales or earnings. In that event, we will be subject to numerous risks inherent in the business and operations of financially unstable and early stage or potential emerging growth companies. In addition, we may effect a business combination with an entity in an industry characterized by a high level of risk, and, although our management will endeavor to evaluate the risks inherent in a particular target business, there can be no assurance that we will properly ascertain or assess all significant risks. Our management anticipates that it will likely be able to effect only one business combination, due primarily to our limited financing and the dilution of interest for present and prospective stockholders, which is likely to occur as a result of our management’s plan to offer a controlling interest to a target business in order to achieve a tax-free reorganization. The Company anticipates that the selection of a business combination will be complex and extremely risky. Our potential merger targets are firms seeking either the benefits of a business combination with an SEC reporting company and/or the perceived benefits of becoming a publicly traded corporation. Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures and the like through the issuance of stock. While a private operating company may achieve the same benefits by filing its own Exchange Act registration statement, such benefits can be achieved at a potentially faster rate with limited regulatory review through the completion of a business combination with a public reporting company. A potentially available business combination may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex. The time required to select and evaluate a target business and to structure and complete a business combination cannot presently be ascertained with any degree of certainty. In identifying, evaluating and selecting a target business, we may encounter intense competition from other entities having a business objective similar to ours. There are numerous blank check companies that have gone public in the United States that have significant financial resources, that are seeking to carry out a business plan similar to our business plan. Many of these entities are well established and have extensive experience identifying and effecting business combinations directly or through affiliates. Many of these competitors possess greater technical, human and other resources than us and our financial resources will be relatively limited when contrasted with those of many of these competitors.

6. STOCKHOLDERS' EQUITY

6. STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
STOCKHOLDERS' EQUITY	6. Stockholders’ Equity Preferred Stock. The Company is authorized to issue 5,000,000 shares of $0.0001 par value preferred stock. As of September 30, 2016, no shares of preferred stock had been issued. Common Stock - The Company is authorized to issue 100,000,000 shares of $0.0001 par value common stock. As of September 30, 2016, 20,000,000 shares were issued and outstanding. Upon formation of the Company on July 27, 2015, the Board of Directors issued 10,000,000 shares of common stock for $1,000 in services to the founding shareholder of the Company. In addition, the founding shareholder made a contribution of $1,000 to the Company for the period ended June 30, 2016, which is recorded as additional paid-in capital. On September 12, 2016, the Company entered into a Subscription Agreement with Dongzhi Zhang for the purchase of 20 million shares of its restricted common stock at a price of $0.0001 per share. The salewas the result of a privately negotiated transaction without the use of public dissemination of promotional or sales materials. Richard Chiang, our then sole shareholder, officer and director, and the Company agreed to the redemption of 10,000,000 shares of the Company’s common stock at par value, i.e. $1,000, which had previously been issued to Mr. Chiang. Mr. Zhang is paying the Company’s expenses and it is recorded as contributed capital. For the years ended December 31, 2016 and 2015, Mr. Zhang contributed $30,351 and $1,250 respectively.

7. COMMITMENTS AND CONTINGENCIE

7. COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
COMMITMENTS AND CONTINGENCIES	7. Commitments and Contingencies There is no commitment or contingency to disclose during the period ended December 31, 2016.

8. SUBSEQUENT EVENTS

8. SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
SUBSEQUENT EVENTS	8. Subsequent Events Management has evaluated subsequent events up to and including March 22, 2017, which is the date the statements were made available for issuance and determined there are no reportable subsequent events.

2. SUMMARY OF SIGNIFICANT POL15

2. SUMMARY OF SIGNIFICANT POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	(a) Basis of Presentation The Company maintains its general ledger and journals with the accrual method of accounting for financial reporting purposes. The financial statements and notes are representations of management. Accounting policies adopted by the Company conform to U.S. GAAP and have been consistently applied in the presentation of financial statements. The accompanying financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America and pursuant to the rules and regulations of the SEC.
Earnings (loss) per share	(b) Net loss per common share The Company complies with accounting and disclosure requirements of FASB ASC 260, “Earnings Per Share.” Net loss per common share is computed by dividing net loss applicable to common stockholders by the weighted average number of common shares outstanding for the period. At December 31, 2016 and 2015, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into common stock and then share in the earnings of the Company. As a result, diluted loss per common share is the same as basic loss per common share for the period.
Use of Estimates	(c) Use of estimates The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates.
Recent Accountingi Pronouncements	(d) Recently issued or adopted standards The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

4. INCOME TAXES (Tables)

4. INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Income Tax Schedule	December 31, 2016 December 31, 2015 Deferred Tax Asset $ 12,720 $ 1,318 Valuation Allowance (12,720) (1,318) Deferred Tax Asset (Net) $ - $ -

4. INCOME TAXES - Income Tax Sc

4. INCOME TAXES - Income Tax Schedule (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Deferred Tax Asset	$ 12,720	$ 1,318
Valuation Allowance	(12,720)	(1,318)
Deferred Tax Asset (Net)

3. ACCRUED LIABILITIES (Details

3. ACCRUED LIABILITIES (Details Narrative) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Payables and Accruals [Abstract]
Accrued Liabilities	$ 3,811	$ 1,626

4. INCOME TAXES (Details Narrat

4. INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Operating Loss Carry-forward	$ 37,412
Deferred Tax Asset	$ 12,720	$ 1,318
Statutory Rate	34.00%
Valuation Allowance	$ (12,720)	$ (1,318)

5. GOING CONCERN AND CAPITAL 20

5. GOING CONCERN AND CAPITAL RESOURCES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Contributed Capital	$ 31,351	$ 1,250
Accumulated Deficit	$ (37,412)	$ (3,876)

6. STOCKHOLDERS' EQUITY (Detail

6. STOCKHOLDERS' EQUITY (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Preferred Stock, shares authorized	5,000,000	5,000,000
Preferred Stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	300,000,000	100,000,000
Common Stock, par value	$ 0.0001	$ 0.0001
Common Stock, shares issued	20,000,000	10,000,000
Common Stock, shares outstanding	20,000,000
Contribution, Founding Shareholder	$ 31,601	$ 1,250
Services [Member]
Date of formation	Jul. 27, 2015
Stock issued upon formation, shares	10,000,000
Stock issued upon formation, value	$ 1,000
Redemption Agreement [Member]
Redemption Agreement with Richard Chiang, shares redeemed	10,000,000
Redemption Agreement with Richard Chiang, value redeemed	$ 1,000
Subscription Agreement [Member]
Subscription Agreement with Dongzhi Zhang, shares subscribed	20,000,000
Subscription Agreement with Dongzhi Zhang, price per share	$ 0.0001
Additional Paid-in Capital [Member]
Contribution, Founding Shareholder	$ 1,000

7. COMMITMENTS AND CONTINGENC22

7. COMMITMENTS AND CONTINGENCIES (Details Narrative)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Commitments and Contingencies	None

8. SUBSEQUENT EVENTS (Details N

8. SUBSEQUENT EVENTS (Details Narrative)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Subsequent Events	None