Antiaging Quantum Living (AAQL) 10-Q 3 Aug 21 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Jun. 30, 2021	Aug. 02, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--03-31
Entity File Number	000-56157
Entity Registrant Name	Achison Inc
Entity Central Index Key	0001672571
Entity Tax Identification Number	47-2643986
Entity Incorporation, State or Country Code	NY
Entity Address, Address Line One	135-22 Norhern Blvd.
Entity Address, Address Line Two	2nd Fl
Entity Address, City or Town	Flushing
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11354
City Area Code	(917)
Local Phone Number	470-5393
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
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		29,995,000

Condensed Balance Sheets (Unaud

Condensed Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2021	Mar. 31, 2021
CURRENT ASSETS
Cash and cash equivalents	$ 1,285	$ 17,496
Notes receivable	51,736	50,863
Total Current Assets	53,021	68,359
TOTAL ASSETS	53,021	68,359
CURRENT LIABILITIES:
Deferred revenue	1,600	3,400
Shareholder loans	71,000	71,000
Total Current Liabilities	72,600	74,400
TOTAL LIABILITIES	72,600	74,400
STOCKHOLDERS’ EQUITY (DEFICIT):
Class A Common stock ($0.001 par value, 30,000,000 shares authorized, 29,995,000 shares issued and outstanding as of June 30, 2021 and March 31, 2021)	29,995	29,995
Additional Paid in Capital	160,230	160,230
Accumulated Deficit	(209,804)	(196,266)
Total Stockholders’ Equity (DEFICIT)	(19,579)	(6,041)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$ 53,021	$ 68,359

Condensed Balance Sheets (Una_2

Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2021	Mar. 31, 2021
Statement of Financial Position [Abstract]
Class A Common stock, par value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	30,000,000	30,000,000
Common Stock, Shares, Issued	29,995,000	29,995,000
Common Stock, Shares, Outstanding	29,995,000	29,995,000

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Revenue	$ 1,800
Gross Profit	1,800
Operating Expenses
General and Administrative expenses	16,211	31,570
Total Operating Expenses	16,211	31,570
Loss from operations	(14,411)	(31,570)
Other income
Interest income	873	2,800
Other income		1,000
Total other income, net	873	3,800
Net loss	$ (13,538)	$ (27,770)
Loss per share, basic and diluted	$ 0	$ 0
Weighted average number of shares outstanding, basic and diluted	29,995,000	29,995,000

Condensed Statements of Changes

Condensed Statements of Changes in Stockholder's Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning Balance, value at Mar. 31, 2020	$ 29,995	$ 160,230	$ (129,754)	$ 60,471
Beginning Balance, shares at Mar. 31, 2020	29,995,000
Net loss			(27,770)	(27,770)
Ending Balance, value at Jun. 30, 2020	$ 29,995	160,230	(157,524)	32,701
Ending Balance, shares at Jun. 30, 2020	29,995,000
Beginning Balance, value at Mar. 31, 2021	$ 29,995	160,230	(196,266)	(6,041)
Beginning Balance, shares at Mar. 31, 2021	29,995,000
Net loss			(13,538)	(13,538)
Ending Balance, value at Jun. 30, 2021	$ 29,995	$ 160,230	$ (209,804)	$ (19,579)
Ending Balance, shares at Jun. 30, 2021	29,995,000

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (13,538)	$ (27,770)
Adjustments to reconcile net loss to net cash used in operating activities:
Accrued interest income on note receivable	(873)	(2,800)
Deferred revenue	(1,800)
Net cash used in operating activities	(16,211)	(30,570)
CASH FLOWS FROM INVESTING ACTIVITIES
Notes receivables		20,000
Net cash provided by investing activities		20,000
CASH FLOWS FROM FINANCING ACTIVITIES
Net decrease in Cash	(16,211)	(10,570)
Cash at beginning of period:	17,496	61,471
Cash at end of period:	1,285	50,901
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Income taxes paid
Interest paid

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	3 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS Achison Inc., the Company, incorporated in the State of New York December 29, 2014 On July 1, 2019 Lansdale Inc, the principal stockholder of the Company (“Seller”) and controlled by the Company’s prior President, Mr. Wanjun Xie, entered into a Stock Purchase Agreement (the “Agreement”) with Dazhong 368 Inc, (the “Buyer”), pursuant to which, a total of 9,000,000 90 Prior to July of 2019 the Company primarily engaged in trading spot gold and silver in Singapore Markets, crypto currency and US equity stocks, however, the Company currently engages only in internet advertising through www.dazhong368.com (the “Website”) in the New York area.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Preparation In the opinion of management, the unaudited interim condensed financial statements reflect all adjustments of a normal recurring nature that are necessary for a fair presentation of the results for the interim periods presented. However, the results of operations included in such financial statements may not necessary be indicative of annual results. The Company uses the same accounting policies in preparing quarterly and annual financial statements. Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted. These unaudited condensed financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2021 filed with the Securities and Exchange Commission (“SEC”) on May 25, 2021 (“2020 Form 10-K.”) Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts and timing of revenues and expenses, the reported amounts and classification of assets and liabilities, and the disclosure of contingent assets and liabilities. Significant areas requiring the use of estimates are assessing the collectability of notes receivable. These estimates and assumptions are based on the Company’s historical results as well as management’s future expectations. The Company’s actual results may vary from those estimates and assumptions.

GOING CONCERN ASSESSMENT

GOING CONCERN ASSESSMENT	3 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN ASSESSMENT	NOTE 3 – GOING CONCERN ASSESSMENT The Company demonstrates adverse conditions that raise substantial doubt about the Company’s ability to continue as a going concern. These adverse conditions are negative financial trends, specifically cash outflow from operating activities, operating losses, accumulated deficit and other adverse key financial ratios. Management’s plan to alleviate the substantial doubt about the Company’s ability to continue as a going concern include attempting to improve its business profitability, its ability to generate sufficient cash flow from its operations to meet its operating needs on a timely basis, obtain additional working capital funds from the majority shareholder and President of the Company to eliminate inefficiencies in order to meet its anticipated cash requirements. However, there can be no assurance that these plans and arrangements will be sufficient to fund the Company’s ongoing capital expenditures and other requirements. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event that the Company cannot continue as a going concern.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 4 - RELATED PARTY TRANSACTIONS The Company has been provided office space by its President at no cost. The management determined that such cost is immaterial and did not recognize the rent expense in its financial statements. In August 2019, the Company borrowed $ 71,000 December 2021

NOTES RECEIVABLE

NOTES RECEIVABLE	3 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
NOTES RECEIVABLE	NOTE 5 – NOTES RECEIVABLE During the year ended March 31, 2020, the Company loaned to Northern Ifurniture Inc in the amount of $ 70,000 7 December 2, 2020 20,000 June 30, 2021 September 30, 2021 51,736 1,736 873 2,800

DEFERRED REVENUE

DEFERRED REVENUE	3 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
DEFERRED REVENUE	NOTE 6 – DEFERRED REVENUE As of June 30, 2021 and March 31, 2021, the Company had deferred revenue in the amount of $ 1,600 3,400 During the three months ended June 30, 2021, the Company received payment in advance from the customers and recognized revenue for the service provided were in the amount of $ 0 1,800

RISKS AND UNCERTAINTIES

RISKS AND UNCERTAINTIES	3 Months Ended
	Jun. 30, 2021
Risks and Uncertainties [Abstract]
RISKS AND UNCERTAINTIES	NOTE 7 – RISKS AND UNCERTAINTIES Concentration of Credit Risks Financial instruments that potentially subject the Company to significant concentration of credit risk primarily consist of notes receivable. As of June 30, 2021 and March 31, 2021, the Company’s notes receivable were $ 51,736 50,863

SUBSEQUENT EVENT

SUBSEQUENT EVENT	3 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENT	NOTE 8 – SUBSEQUENT EVENT The Company has evaluated all other subsequent events through the date these consolidated financial statements were issued and determine that there were no other subsequent events or transactions that require recognition or disclosures in the consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Preparation	Basis of Preparation In the opinion of management, the unaudited interim condensed financial statements reflect all adjustments of a normal recurring nature that are necessary for a fair presentation of the results for the interim periods presented. However, the results of operations included in such financial statements may not necessary be indicative of annual results. The Company uses the same accounting policies in preparing quarterly and annual financial statements. Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted. These unaudited condensed financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2021 filed with the Securities and Exchange Commission (“SEC”) on May 25, 2021 (“2020 Form 10-K.”)
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts and timing of revenues and expenses, the reported amounts and classification of assets and liabilities, and the disclosure of contingent assets and liabilities. Significant areas requiring the use of estimates are assessing the collectability of notes receivable. These estimates and assumptions are based on the Company’s historical results as well as management’s future expectations. The Company’s actual results may vary from those estimates and assumptions.

ORGANIZATION AND DESCRIPTION _2

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) - shares	Jul. 02, 2019	Jun. 30, 2021
Business Acquisition [Line Items]
Entity incorporation state code		NY
Date of incorporation		Dec. 29, 2014
Dazhong 368 Inc [Member]
Business Acquisition [Line Items]
Share issue for acquisition of Class A common stock	9,000,000
Ownership percentage by parent	90.00%

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - President [Member]	1 Months Ended
	Aug. 31, 2019USD ($)
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Borrowings	$ 71,000
Debt instrument maturity date	December 2021

NOTES RECEIVABLE (Details Narra

NOTES RECEIVABLE (Details Narrative) - USD ($)	Jun. 29, 2021	Dec. 01, 2020	Jun. 26, 2020	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2020	Mar. 31, 2021
Dazhong 368 Inc [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Outstanding loan				$ 51,736
Interest accrued				1,736
Northern Ifurniture Inc [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Notes receivable				51,736		$ 70,000	$ 50,863
Interest rate						7.00%
Maturity date						Dec. 2, 2020
Proceeds from repayment of note receivable			$ 20,000
Interest income				$ 873	$ 2,800
Northern Ifurniture Inc [Member] | Extended Maturity [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Maturity date	Sep. 30, 2021	Jun. 30, 2021

DEFERRED REVENUE (Details Narra

DEFERRED REVENUE (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 1,600		$ 3,400
Payment received in advance from the customers	0
Revenue - service	$ 1,800

RISKS AND UNCERTAINTIES (Detail

RISKS AND UNCERTAINTIES (Details Narrative) - USD ($)	Jun. 30, 2021	Mar. 31, 2021	Mar. 31, 2020
Northern Ifurniture Inc [Member]
Entity Listings [Line Items]
Notes receivable	$ 51,736	$ 50,863	$ 70,000