| NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 1 - NATURE OF OPERATIONS AND SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES NATURE OF OPERATIONS Doers Education Asean Ltd. (the “Company”)
was incorporated on April 4, 2016 under the laws of the state of Delaware to engage in any lawful corporate undertaking, including,
but not limited to, selected mergers and acquisitions. The Company has been in the developmental stage since inception and its
operations to date have been limited to issuing shares to its original shareholders. The Company will attempt to locate and negotiate
with a business entity for the combination of that target company with the Company. The combination will normally take the form
of a merger, stock-for-stock exchange or stock-for-assets exchange. In most instances the target company will wish to structure
the business combination to be within the definition of a tax-free reorganization under Section 351 or Section 368 of the Internal
Revenue Code of 1986, as amended. No assurances can be given that the Company will be successful in locating or negotiating with
any target company. The Company has been formed to provide a method for a foreign or domestic private company to become a reporting
company with a class of securities registered under the Securities Exchange Act of 1934. The outbreak of COVID19 coronavirus worldwide
starting from the beginning of 2020. The Company has no operation, no sales, and no employees. The recent developments of COVID
19 are not expected to have any impact to our business. Other financial impact could occur though such potential impact is unknown
at this time. BASIS OF PRESENTATION The summary of significant accounting policies
presented below is designed to assist in understanding the Company’s unaudited financial statements. Such unaudited financial
statements and accompanying notes are the representations of the Company’s management, who are responsible for their integrity
and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America
(“GAAP”) in all material respects, and have been consistently applied in preparing the accompanying unaudited financial
statements. Certain information and footnote disclosures normally present in annual financial statements prepared in accordance
with accounting principles generally accepted in the United States of America were omitted pursuant to the rules and regulations
of the Securities and Exchange Commission (“SEC”). The results for the nine months ended September 30, 2020, are not
necessarily indicative of the results to be expected for the year ending December 31, 2020. These unaudited financial statements and
notes thereto should be read in conjunction with the Company’s audited financial statements and notes thereto for the year
ended December 31, 2019, which were included in the Company’s 2019 Annual Report on Form 10-K (“2019 Form 10-K”).
The accompanying balance sheet as of December 31, 2019, has been derived from the Company’s audited financial statements
as of that date. USE OF ESTIMATES The preparation of unaudited financial
statements in conformity with 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. Actual results could differ from those estimates. CASH AND CASH EQUIVALENTS Cash and cash equivalents include cash
on hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of
90 days or less. As of September 30, 2020 and December 31, 2019, the Company had cash in bank of $3,375 and $3,374, respectively. CONCENTRATION OF RISK Financial instruments that potentially
subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. The Company maintains its
cash in bank in Taiwan where the standard deposit insurance coverage limit is approximately $103,700 (NT$3 million). The
Company’s bank balance did not exceed the insured amounts as of September 30, 2020 and December 31, 2019, respectively. INCOME TAXES Under ASC 740, “Income Taxes,”
deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between
the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets
and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled. Valuation allowances are established when it is more likely than not that
some or all of the deferred tax assets will not be realized. As of September 30, 2020 and December 31, 2019, there were no deferred
taxes due to the uncertainty of the realization of net operating loss or carry forward prior to expiration. LOSS PER COMMON SHARE Basic loss per common share excludes dilution
and is computed by dividing net loss with the weighted average number of common shares outstanding during the period. Diluted loss
per common share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised
or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the entity. As of September
30, 2020 and December 31, 2019, there are no outstanding dilutive securities. FAIR VALUE OF FINANCIAL INSTRUMENTS The Company follows guidance for accounting
for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items
that are recognized or disclosed at fair value in the financial statements on a recurring basis. Additionally, the Company adopted
guidance for fair value measurement related to nonfinancial items that are recognized and disclosed at fair value in the financial
statements on a nonrecurring basis. The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques
used to measure fair value. The hierarchy gives the highest priority
to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority
to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy
are as follows: Level 1 inputs are quoted prices
(unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement
date. Level 2 inputs are inputs other
than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 unobservable inputs that
are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes
certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The Company considers the recorded value
of its financial assets and liabilities, which consist primarily of cash, accrued expenses and due to a related party to approximate
the fair value of the respective assets and liabilities at September 30, 2020 and December 31, 2019 based upon the short-term nature
of the assets and liabilities. RECENT ACCOUNTING PRONOUNCEMENTS The management believe the recently issued
but not yet adopted accounting pronouncements will not have a material impact on its financial position results of operations or
cash flows. |
