Antiaging Quantum Living (AAQL) 10-Q 4 Nov 21 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Sep. 30, 2021	Nov. 03, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Period Focus	Q2
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 Northern 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 ($)	Sep. 30, 2021	Mar. 31, 2021
CURRENT ASSETS
Cash and cash equivalents	$ 48,172	$ 17,496
Notes receivable, net		50,863
Total Current Assets	48,172	68,359
Property and equipment, net	918
TOTAL ASSETS	49,090	68,359
CURRENT LIABILITIES:
Deferred revenue	4,600	3,400
Total Current Liability	4,600	3,400
Shareholder loans	71,000	71,000
Total NonCurrent Liabilities	71,000	71,000
Total liabilities	75,600	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 September 30, 2021 and March 31, 2021)	29,995	29,995
Additional Paid in Capital	160,230	160,230
Accumulated Deficit	(216,735)	(196,266)
Total Stockholders’ Equity(Deficit)	(26,510)	(6,041)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 49,090	$ 68,359

Condensed Balance Sheets (Una_2

Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2021	Mar. 31, 2021
Statement of Financial Position [Abstract]
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		6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Revenue-service	$ 1,800	$ 400	$ 3,600	$ 400
Cost of revenue	600	300	600	300
Gross Profit	1,200	100	3,000	100
Operating Expenses
General and Administrative expenses	8,832	21,049	25,043	52,619
Total Operating Expenses	8,832	21,049	25,043	52,619
Other income
Interest income	701	882	1,574	3,682
Other income				1,000
Total other income, net	701	882	1,574	4,682
Net loss	$ (6,931)	$ (20,067)	$ (20,469)	$ (47,837)
Loss per share, basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average number of shares outstanding, basic and diluted	29,995,000	29,995,000	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 at Mar. 31, 2020	$ 29,995	$ 160,230	$ (129,754)	$ 60,471
Balance, shares at Mar. 31, 2020	29,995,000
Net loss			(27,770)	(27,770)
Ending Balance at Jun. 30, 2020	$ 29,995	160,230	(157,524)	32,701
Balance, shares at Jun. 30, 2020	29,995,000
Beginning Balance at Mar. 31, 2020	$ 29,995	160,230	(129,754)	60,471
Balance, shares at Mar. 31, 2020	29,995,000
Net loss				(47,837)
Ending Balance at Sep. 30, 2020	$ 29,995	160,230	(177,591)	12,634
Balance, shares at Sep. 30, 2020	29,995,000
Beginning Balance at Jun. 30, 2020	$ 29,995	160,230	(157,524)	32,701
Balance, shares at Jun. 30, 2020	29,995,000
Net loss			(20,067)	(20,067)
Ending Balance at Sep. 30, 2020	$ 29,995	160,230	(177,591)	12,634
Balance, shares at Sep. 30, 2020	29,995,000
Beginning Balance at Mar. 31, 2021	$ 29,995	160,230	(196,266)	(6,041)
Balance, shares at Mar. 31, 2021	29,995,000
Net loss			(13,538)	(13,538)
Ending Balance at Jun. 30, 2021	$ 29,995	160,230	(209,804)	(19,579)
Balance, shares at Jun. 30, 2021	29,995,000
Beginning Balance at Mar. 31, 2021	$ 29,995	160,230	(196,266)	(6,041)
Balance, shares at Mar. 31, 2021	29,995,000
Net loss				(20,469)
Ending Balance at Sep. 30, 2021	$ 29,995	160,230	(216,735)	(26,510)
Balance, shares at Sep. 30, 2021	29,995,000
Beginning Balance at Jun. 30, 2021	$ 29,995	160,230	(209,804)	(19,579)
Balance, shares at Jun. 30, 2021	29,995,000
Net loss			(6,931)	(6,931)
Ending Balance at Sep. 30, 2021	$ 29,995	$ 160,230	$ (216,735)	$ (26,510)
Balance, shares at Sep. 30, 2021	29,995,000

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (20,469)	$ (47,837)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	32
Changes in assets and liabilities
Accrued interest income on note receivable	(1,574)	(3,682)
Prepaid expense		(6,000)
Deferred revenue	1,200	4,400
Net cash used in operating activities	(20,811)	(53,119)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from collection of notes receivables	52,437	20,000
Purchase of property and equipment	(950)
Net cash provided by investing activities	51,487	20,000
Net cash provided by financing activities
Net increase (decrease) in Cash	30,676	(33,119)
Cash at beginning of period:	17,496	61,471
Cash at end of period:	48,172	28,352
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest expense
Tax expense

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	6 Months Ended
	Sep. 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

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Sep. 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	6 Months Ended
	Sep. 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	6 Months Ended
	Sep. 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	6 Months Ended
	Sep. 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 September 30, 2021 1,574 3,680

DEFERRED REVENUE

DEFERRED REVENUE	6 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
DEFERRED REVENUE	NOTE 6 – DEFERRED REVENUE SCHEDULE OF DEFERRED REVENUE FROM CUSTOMER Deferred revenue represented the payment received in advance from the customers for our service to be provided. 2021 2020 Six Months ended September 30, 2021 2020 Beginning balance 3,400 - Additions 4,800 4,800 Recognized revenue (3,600 ) (400 ) Ending balance 4,600 4,400

RISKS AND UNCERTAINTIES

RISKS AND UNCERTAINTIES	6 Months Ended
	Sep. 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 September 30, 2021 and March 31, 2021, the Company’s notes receivable were $ 0 50,863

SUBSEQUENT EVENT

SUBSEQUENT EVENT	6 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENT	NOTE 8 – SUBSEQUENT EVENT On October 11, 2021, the Company amended its article with New York State to increase the authorized class A common shares with a par value of $ 0.001 100,000,000 20,000,000 0.001 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)	6 Months Ended
	Sep. 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.

DEFERRED REVENUE (Tables)

DEFERRED REVENUE (Tables)	6 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
SCHEDULE OF DEFERRED REVENUE FROM CUSTOMER	SCHEDULE OF DEFERRED REVENUE FROM CUSTOMER Deferred revenue represented the payment received in advance from the customers for our service to be provided. 2021 2020 Six Months ended September 30, 2021 2020 Beginning balance 3,400 - Additions 4,800 4,800 Recognized revenue (3,600 ) (400 ) Ending balance 4,600 4,400

ORGANIZATION AND DESCRIPTION _2

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

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended
	Aug. 31, 2019	Sep. 30, 2021	Mar. 31, 2021
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Borrowings		$ 71,000	$ 71,000
President [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Borrowings	$ 71,000
Debt instrument matuirty date	December 2021

NOTES RECEIVABLE (Details Narra

NOTES RECEIVABLE (Details Narrative) - USD ($)	Jun. 29, 2021	Jun. 26, 2020	Sep. 30, 2021	Sep. 30, 2020	Mar. 31, 2020	Mar. 31, 2021
Financing Receivable, Troubled Debt Restructuring [Line Items]
Notes receivable						$ 50,863
Northern Ifurniture Inc [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Notes receivable			0		$ 70,000	$ 50,863
Interest rate					7.00%
Maturity date					Dec. 2, 2020
Proceeds from repayment of note receviable		$ 20,000
Interest income			$ 1,574	$ 3,680
Northern Ifurniture Inc [Member] | Extended Maturity [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Maturity date	Sep. 30, 2021

SCHEDULE OF DEFERRED REVENUE FR

SCHEDULE OF DEFERRED REVENUE FROM CUSTOMER (Details) - USD ($)	6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Beginning balance	$ 3,400
Additions	4,800	4,800
Recognized revenue	(3,600)	(400)
Ending balance	$ 4,600	$ 4,400

RISKS AND UNCERTAINTIES (Detail

RISKS AND UNCERTAINTIES (Details Narrative) - USD ($)	Sep. 30, 2021	Mar. 31, 2021	Mar. 31, 2020
Notes receivable		$ 50,863
Northern Ifurniture Inc [Member]
Notes receivable	$ 0	$ 50,863	$ 70,000

SUBSEQUENT EVENT (Details Narra

SUBSEQUENT EVENT (Details Narrative) - $ / shares	Oct. 11, 2021	Sep. 30, 2021	Mar. 31, 2021
Subsequent Event [Line Items]
Class A Common stock, par value		$ 0.001	$ 0.001
Common Stock, Shares Authorized		30,000,000	30,000,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Class A Common stock, par value	$ 0.001
Common Stock, Shares Authorized	100,000,000
Preferred Stock, Shares Authorized	20,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.001