Antiaging Quantum Living (AAQL) 10-Q 7 Feb 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Dec. 31, 2021	Feb. 04, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Period Focus	Q3
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

Condensed Balance Sheets - USD ($)	Dec. 31, 2021	Mar. 31, 2021
ASSETS
Cash and cash equivalents	$ 15,494	$ 17,496
Notes receivable, net		50,863
Total Current Assets	15,494	68,359
Property and equipment, net	886
TOTAL ASSETS	16,380	68,359
LIABILITIES AND STOCKHOLDERS’ EQUITY
Account payable	5,000
Deferred revenue	3,200	3,400
Total Current Liability	8,200	3,400
Shareholder loans	54,000	71,000
Total Noncurrent Liabilities	54,000	71,000
Total liabilities	62,200	74,400
STOCKHOLDERS’ EQUITY(DEFICIT):
Preferred stock ($0.001 par value, 20,000,000 shares authorized; no share issued and outstanding as of December 31 and March 31, 2021)
Class A common stock ($0.001 par value, 100,000,000 shares authorized, 29,995,000 shares issued and outstanding as of December 31 and March 31, 2021)	29,995	29,995
Additional Paid in Capital	160,230	160,230
Accumulated Deficit	(236,045)	(196,266)
Total Stockholders’ Deficit	(45,820)	(6,041)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 16,380	$ 68,359

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2021	Mar. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
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		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenue	$ 1,400	$ 1,600	$ 5,000	$ 2,000
Cost of revenue	500	500	1,100	800
Gross Profit	900	1,100	3,900	1,200
Operating Expenses
General and administrative expenses	20,210	13,820	45,253	66,439
Total Operating Expenses	20,210	13,820	45,253	66,439
Other income
Interest income		882	1,574	4,564
Other income				1,000
Total other income, net		882	1,574	5,564
Net loss	$ (19,310)	$ (11,838)	$ (39,779)	$ (59,675)
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]Common Class A [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance at Mar. 31, 2020	$ 29,995	$ 160,230	$ (129,754)	$ 60,471
Beginning balance, share at Mar. 31, 2020	29,995,000
Net loss			(59,675)	(59,675)
Ending balance  at Dec. 31, 2020	$ 29,995	160,230	(189,429)	796
Ending balance, share at Dec. 31, 2020	29,995,000
Beginning balance at Mar. 31, 2021	$ 29,995	160,230	(196,266)	(6,041)
Beginning balance, share at Mar. 31, 2021	29,995,000
Net loss			(39,779)	(39,779)
Ending balance  at Dec. 31, 2021	$ 29,995	$ 160,230	$ (236,045)	$ (45,820)
Ending balance, share at Dec. 31, 2021	29,995,000

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (39,779)	$ (59,675)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	64
Changes in assets and liabilities
Accrued interest income on note receivable	(1,574)
Account payable	5,000
Deferred revenue	(200)	5,200
Net cash used in operating activities	(36,489)	(54,475)
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
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment to shareholder loan	(17,000)
Net cash provided by financing activities	(17,000)
Net increase (decrease) in Cash	(2,002)	(34,475)
Cash at beginning of period:	17,496	61,471
Cash at end of period:	15,494	26,996
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest expense
Tax expense

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	9 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	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	9 Months Ended
	Dec. 31, 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. Revenue recognition The Company generates revenue primarily by delivering advertisement at our website: www.Dazhong368.com for local businesses. Revenues are recognized when control of the promised goods or services is transferred to our customers, and the collectibility of an amount that we expect in exchange for those goods or services is probable. Sales and other similar taxes are excluded from revenues. Revenue is recognized when advertisement is displayed in our website each month during the contract term.

GOING CONCERN ASSESSMENT

GOING CONCERN ASSESSMENT	9 Months Ended
	Dec. 31, 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	9 Months Ended
	Dec. 31, 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 from the President of the Company, bearing no interest and due in December 2021 . During the three months ended December 31, 2021, the Company repaid $ 17,000 to the President of the Company. As of December 31, 2021, the balance was $ 54,000 . On December 29, 2021, the Company and our President entered into the first amendment for the loan balance and both agreed to extend the maturity date to December 31, 2022 .

NOTES RECEIVABLE

NOTES RECEIVABLE	9 Months Ended
	Dec. 31, 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 1,574 4,564

DEFERRED REVENUE

DEFERRED REVENUE	9 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
DEFERRED REVENUE	NOTE 6 – DEFERRED REVENUE Deferred revenue represented advances received from the customers for advertisement service hosted at the Company’s website: www.Dazhong368.com. SCHEDULE OF DEFERRED REVENUE 2021 2020 Nine Months ended December 31, 2021 2020 Beginning balance 3,400 - Additions 4,800 7,200 Recognized revenue (5,000 ) (2,000 ) Ending balance 3,200 5,200

SHAREHOLDER EQUITY

SHAREHOLDER EQUITY	9 Months Ended
	Dec. 31, 2021
Equity [Abstract]
SHAREHOLDER EQUITY	NOTE 7 – SHAREHOLDER EQUITY 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

SUBSEQUENT EVENT

SUBSEQUENT EVENT	9 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENT	NOTE 8 – SUBSEQUENT EVENT The Company has evaluated all other subsequent events through the date the financial statements were issued and determine that there were no subsequent events or transactions that require recognition or disclosures in the financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Dec. 31, 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.
Revenue recognition	Revenue recognition The Company generates revenue primarily by delivering advertisement at our website: www.Dazhong368.com for local businesses. Revenues are recognized when control of the promised goods or services is transferred to our customers, and the collectibility of an amount that we expect in exchange for those goods or services is probable. Sales and other similar taxes are excluded from revenues. Revenue is recognized when advertisement is displayed in our website each month during the contract term.

DEFERRED REVENUE (Tables)

DEFERRED REVENUE (Tables)	9 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
SCHEDULE OF DEFERRED REVENUE	Deferred revenue represented advances received from the customers for advertisement service hosted at the Company’s website: www.Dazhong368.com. SCHEDULE OF DEFERRED REVENUE 2021 2020 Nine Months ended December 31, 2021 2020 Beginning balance 3,400 - Additions 4,800 7,200 Recognized revenue (5,000 ) (2,000 ) Ending balance 3,200 5,200

ORGANIZATION AND DESCRIPTION _2

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) - shares	Jul. 01, 2019	Dec. 31, 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 ($)	Oct. 15, 2021	Aug. 31, 2019	Dec. 31, 2021	Mar. 31, 2021
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Due to Officers or Stockholders, Noncurrent			$ 54,000	$ 71,000
Repayments of Related Party Debt			17,000
President [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Due to Officers or Stockholders, Noncurrent		$ 71,000	$ 54,000
Debt Instrument, Maturity Date, Description		December 2021
Repayments of Related Party Debt	$ 17,000
Debt Instrument, Maturity Date			Dec. 31, 2022

NOTES RECEIVABLE (Details Narra

NOTES RECEIVABLE (Details Narrative) - USD ($)	Jun. 26, 2020	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Mar. 31, 2021
Notes receivable					$ 50,863
Northern Ifurniture Inc [Member]
Notes receivable				$ 70,000
Interest rate				7.00%
Maturity date				Dec. 2, 2020
Proceeds from repayment of note receviable	$ 20,000
Interest income		$ 1,574	$ 4,564

SCHEDULE OF DEFERRED REVENUE (D

SCHEDULE OF DEFERRED REVENUE (Details) - USD ($)	9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Beginning balance	$ 3,400
Additions	4,800	7,200
Recognized revenue	(5,000)	(2,000)
Ending balance	$ 3,200	$ 5,200

SHAREHOLDER EQUITY (Details Nar

SHAREHOLDER EQUITY (Details Narrative) - $ / shares	Dec. 31, 2021	Oct. 11, 2021	Mar. 31, 2021
Class of Stock [Line Items]
Common stock, par value	$ 0.001		$ 0.001
Common stock, shares authorized	100,000,000		100,000,000
Preferred stock, shares authorized	20,000,000		20,000,000
Preferred stock, par value	$ 0.001		$ 0.001
Common Class A [Member]
Class of Stock [Line Items]
Common stock, par value		$ 0.001
Common stock, shares authorized		100,000,000
Preferred stock, shares authorized		20,000,000
Preferred stock, par value		$ 0.001