Andes 7 10-Q 10 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 10, 2018
Document And Entity Information
Entity Registrant Name	ANDES 7 INC.
Entity Central Index Key	1,650,205
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
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 Common Stock, Shares Outstanding		120,100,000
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,018

Condended Balance Sheets (Unaud

Condended Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Current Assets:
Cash
Total Current Assets
TOTAL ASSETS	0	0
Current Liabilities:
Due to related parties	67,799	50,270
Total Current Liabilities	67,799	50,270
TOTAL LIABILITIES	67,799	50,270
Shareholders' Deficit:
Preferred stock, $0.0001 par value, 5,000,000 shares authorized; 500,000 and 0 shares Series A Preferred issued and outstanding, respectively	50
Common stock $0.0001 par value, 1,000,000,000 shares authorized; 10,100,000 and 10,100,000 shares issued and outstanding, respectively	1,010	1,010
Additional paid-in capital	23,050	23,050
Accumulated deficit	(91,909)	(74,330)
Total Stockholders' Deficit	(67,799)	(50,270)
TOTAL LIABILITIES & STOCKHOLDERS'Â’ DEFICIT	0	0
Series A Preferred Stock [Member]
Shareholders' Deficit:
Preferred stock, $0.0001 par value, 5,000,000 shares authorized; 500,000 and 0 shares Series A Preferred issued and outstanding, respectively	50
Total Stockholders' Deficit	50
TOTAL LIABILITIES & STOCKHOLDERS'Â’ DEFICIT	$ 50

Condended Balance Sheets (Unau3

Condended Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Preferred stock, par value per share		$ 0.0001	$ 0.0001
Preferred stock, shares authorized		5,000,000	5,000,000
Common stock, par value per share		$ 0.0001	$ 0.0001
Common stock, shares authorized		1,000,000,000	1,000,000,000
Common stock, shares issued		10,100,000	10,100,000
Common stock, shares outstanding		10,100,000	10,100,000
Series A Preferred Stock [Member]
Preferred stock, par value per share	$ 0.0001		$ 0.0001
Preferred stock, shares authorized	5,000,000		5,000,000
Preferred stock, shares issued	500,000		0
Preferred stock, shares outstanding	500,000		0

Condensed Statements Of Operati

Condensed Statements Of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Revenue
Operating Expenses:
General and administrative	7,904	10,430	17,579	20,610
Total operating expenses	7,904	10,430	17,579	20,610
Net loss from operations	(7,904)	(10,430)	(17,579)	(20,610)
Provision for income taxes
Net Loss	$ (7,904)	$ (10,430)	$ (17,579)	$ (20,610)
Basic and diluted loss per share	$ 0	$ 0	$ 0	$ 0
Weighted average number of common shares outstanding, basic and diluted	10,100,000	10,100,000	10,100,000	10,100,000

Statements Of Cash Flows (Unaud

Statements Of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net loss	$ (17,579)	$ (20,610)
Changes in operating assets and liabilities:
Net cash used in operating activities	(17,579)	(20,610)
Cash flows from investing activities:
Cash flows from financing activities:
Advances from related party	17,529	20,610
Proceeds from the sale of preferred stock	50
Net cash provided by financing activities	17,579	20,610
Net increase (decrease) in cash
Cash at beginning of period
Cash at end of period
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest
Cash paid for taxes

Description Of Business And His

Description Of Business And History	6 Months Ended
	Jun. 30, 2018
Description Of Business And History
Description of Business and History	1. DESCRIPTION OF BUSINESS AND HISTORY Description of business On February 12, 2016, the Company entered into a Subscription Agreements with three subscribers for the issuance of its restricted common stock – AbinaAsean, Co. Ltd., an entity organized under the laws of the Republic of Seychelles (8,000,000 shares), Toh Kean Ban (1,000,000 shares) and Dr. Ir. H.M. ItocTochija (1,000,000 shares). Each of the Subscription Agreements were the result of privately negotiated transactions without the use of public dissemination of promotional or sales materials. Each of the buyers represented they were “accredited investors,” and as such could bear the risk of such investment for an indefinite period of time and to afford a complete loss thereof.

Summary Of Significant Policies

Summary Of Significant Policies	6 Months Ended
	Jun. 30, 2018
Summary Of Significant Policies
Summary of Significant Policies	2. SUMMARY OF SIGNIFICANT POLICIES Basis of presentation The interim unaudited financial statements present the balance sheets, statement of operations and cash flows of ANDES 7 Inc. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States. In the opinion of management, all adjustments necessary to present fairly the financial position as of June 30, 2018 and the results of operations and cash flows presented herein have been included in the financial statements. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results of operations for the full year. Use of estimates Recent Accounting Pronouncements

Going Concern

Going Concern	6 Months Ended
	Jun. 30, 2018
Going Concern
Going Concern	3. GOING CONCERN The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred losses since inception and had an accumulated deficit of $ 91,909

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended
	Jun. 30, 2018
Stockholders Equity
Stockholders’ Equity	4. STOCKHOLDERS’ EQUITY Preferred Stock On May 10, 2018, Manichan Khor, the wife of Andrew Khor Poh Kiang, thePresident, CEO and Chairman entered into a stock purchase agreement with the Company to purchase 500,000 shares of Series A preferred stock at par value. Common Stock

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2018
Related Party Transactions
Related Party Transactions	5. RELATED PARTY TRANSACTIONS As June 30, 2018 and December 31, 2017, the Company owed Richard Chiang $990 for the redemption of 9,900,000 shares at par value, which had previously been issued to him in serving in director and officer capacities. Since 2016 a related party has advanced the Company to pay for general operating expenses. The funds are unsecured, non-interest bearing and due on demand. As of the balance due is $67,799and $50,270, respectively. On May 10, 2018, Manichan Khor, the wife of Andrew Khor Poh Kiang, the President, CEO and Chairman entered into a stock purchase agreement with the Company to purchase 500,000 shares of Series A preferred stock at par value.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2018
Subsequent Events
Subsequent Events	6. SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, from the balance sheet date through the date the financial statements were available to be issued, and has determined that no material subsequent events exist except the following. On July 2, 2018, the Company entered into an Agreement and Plan of Merger between the Company, ANDES 7 Acquisition Corp, (“Merger Sub”) a Delaware corporation and Abina Co. Ltd. (the “Target”). The Target is a corporation organized under the Kingdom of Thailand and has operated under the name “Abina Co. Ltd.” since August 3, 2015. The Agreement and Plan of Merger provided for the acquisition by the Company of all the outstanding shares of the target through a reverse merger of merger sub into the target, the surviving corporation. The Company filed its Agreement and Plan of Merger as exhibits 3.4 and 2.1 within its Current Report on Form 8-K dated July 2, 2018 and with the State of Delaware. As part of the Agreement and Plan of Merger with Abina Co. Ltd. the parties agreed to an exchange of shares, in which all of the 100,000 issued and outstanding shares of Abina Co. Ltd were exchanged for 111,000,000 shares in the Company, additionally, shares of ANDES 7 which were held by Abina Co. Ltd were divided amongst the shareholders of Abina Co. Ltd and provided amounts according to their respective holding in Abina Co. Ltd. pursuant to the merger.

Summary Of Significant Polici12

Summary Of Significant Policies (Policies)	6 Months Ended
	Jun. 30, 2018
Disclosure Summary Of Significant Accounting Policies Abstract
Basis of Presentation	Basis of presentation The interim unaudited financial statements present the balance sheets, statement of operations and cash flows of ANDES 7 Inc. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States. In the opinion of management, all adjustments necessary to present fairly the financial position as of June 30, 2018 and the results of operations and cash flows presented herein have been included in the financial statements. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results of operations for the full year.
Use of Estimates	Use of estimates
Recent Accounting Pronouncements	Recent Accounting Pronouncements

Description Of Business And H13

Description Of Business And History (Narrative) (Details) - Restricted Common Stock [Member]	Feb. 12, 2016shares
Subscription Agrements With Abina Asean, Co. Ltd. [Member]
Issuance of shares against subscription agreement, shares	8,000,000
Subscription Agrements With Toh Kean Ban [Member]
Issuance of shares against subscription agreement, shares	1,000,000
Subscription Agrements With Dr. Ir. H.M. Itoc Tochija [Member]
Issuance of shares against subscription agreement, shares	1,000,000

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($)	May 10, 2018	Jun. 30, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Due to a related party		$ 67,799	$ 50,270
Former Director - Richard Chiang [Member]
Related Party Transaction [Line Items]
Due to a related party		990	990
A Related Party [Member]
Related Party Transaction [Line Items]
Due to a related party		$ 67,799	$ 50,270
Advance terms		The funds are unsecured, non-interest bearing and due on demand.	The funds are unsecured, non-interest bearing and due on demand.
Manichan Khor, Wife Of Andrew Khor Poh Kiang, The President, CEO And Chairman [Member] | Stock Purchase Agreement [Member]
Related Party Transaction [Line Items]
No of shares agreed to purchase	500,000

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - Subsequent Event [Member] - Plan Of Merger Agreement With Andes 7 Acquisition Corp And Abina Co. Ltd. [Member]	Jul. 02, 2018shares
Subsequent Event [Line Items]
No of issued and outstanding shares of Abina Co. Ltd agreed to exchange	100,000
No of shares of the Company agreed to be issued for exchange	111,000,000