Atlantis Glory (AGLY) 10-Q 15 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	May 15, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	333-213608
Entity Registrant Name	ATLANTIS GLORY INC.
Entity Central Index Key	0001673504
Entity Tax Identification Number	38-3995730
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	Room 2106
Entity Address, Address Line Two	Beautiful Group Tower
Entity Address, Address Line Three	77 Connaught Road Central
Entity Address, City or Town	Hong Kong
Entity Address, Country	HK
City Area Code	852
Local Phone Number	4620 9298
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Entity Common Stock, Shares Outstanding		603,970,000

Balance Sheets

Balance Sheets - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Current Asset
Prepayment		$ 9,000
Total Current Asset		9,000
Total Asset		9,000
Current Liabilities
Accounts payable
Advance from customers
Accrued expenses and other liabilities	6,550	6,950
Total current liabilities	98,479	71,923
Total Liabilities	98,479	71,923
Stockholders’ Deficit
Preferred stock $0.001 par value, 10,000,000 shares authorized, 10,000,000 and 10,000,000 shares outstanding as of March 31, 2023 and December 31, 2022, respectively	10,000	10,000
Common Stock $0.001 par value, 990,000,000 shares authorized, 603,970,000 shares and 603,970,000 shares outstanding as of March 31, 2023 and December 31, 2022, respectively	603,970	603,970
Additional paid in capital	321,809	321,809
Accumulated deficit	(1,034,258)	(998,702)
Total stockholders’ deficit	(98,479)	(62,923)
Total liabilities and stockholders’ deficit		9,000
Director [Member]
Current Liabilities
Amount due to related parties	91,929	64,973
Third Parties [Member]
Current Liabilities
Amount due to related parties

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock value per share	$ 0.001	$ 0.001
Preferred stock shares authorized	10,000,000	10,000,000
Preferred stock, shares outstanding	10,000,000	10,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	990,000,000	990,000,000
Common stock, shares outstanding	603,970,000	603,970,000

Statements of Operations and Co

Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue
Total revenue, net
Operating expenses
General and administrative expenses	35,556	29,959
Total operating expenses	35,556	29,959
Loss from operations before income taxes	(35,556)	(29,959)
Income tax expense
Net Loss	$ (35,556)	$ (29,959)
Weighted average number of ordinary shares
Basic and diluted	603,970,000	603,970,000
Earnings per share
Basic and diluted	$ 0	$ 0

Statements of Changes in Shareh

Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2021	$ 10,000	$ 603,970	$ 321,809	$ (9,270,080)	$ (8,334,301)
Balance, shares at Dec. 31, 2021	10,000,000	603,970,000
Net loss				(29,959)	(29,959)
Balance at Mar. 31, 2022	$ 10,000	$ 603,970	321,809	(9,300,039)	(8,364,260)
Balance, shares at Mar. 31, 2022	10,000,000	603,970,000
Balance at Dec. 31, 2022	$ 10,000	$ 603,970	321,809	(998,702)	(62,923)
Balance, shares at Dec. 31, 2022	10,000,000	603,970,000
Net loss				(35,556)	(35,556)
Balance at Mar. 31, 2023	$ 10,000	$ 603,970	$ 321,809	$ (1,034,258)	$ (98,479)
Balance, shares at Mar. 31, 2023	10,000,000	603,970,000

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash Flows From Operating Activities
Net loss	$ (35,556)	$ (29,959)
Changes in operating assets and liabilities:
Prepayment	9,000	(9,750)
Accrued expenses and other current liabilities	(400)	7,879
Net cash used in operating activities	(26,956)	(31,830)
Cash Flows From Financing Activities
Proceeds from related parties	26,956	31,830
Net cash provided by financing activities	26,956	31,830
Net (decrease) increase in cash and cash equivalents
Cash and cash equivalents, beginning of year
Cash and cash equivalents, end of year
Supplemental disclosure of cash flow information
Cash paid for income tax expense
Cash paid for interest expense

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Atlantis Glory Inc. (formerly known as Shengshi Elevator International Holding Group Inc.) (“Atlantis”, “Shengshi Holding”, or the “Company”), together with its subsidiaries, focus on elevator technology research and development, sales, maintenance, and installation. Galem Group, Inc. was incorporated in the State of Nevada on March 31, 2016. On September 5, 2019, Galem Group Inc. changed its name to Shengshi Elevator International Holding Group Inc. On October 19, 2018, Shengshi International Holdings Co., Ltd. (“Shengshi International”) was incorporated under the law of Cayman Islands. On September 30, 2019, Shengshi Holding entered into a share exchange agreement (the “Share Exchange Agreement”) with Shengshi International. Under the Share Exchange Agreement, One Hundred Percent ( 100% 600,000,000 The following is the organization structure of Shengshi International along with ownership detail and its subsidiaries: Shengshi Shengshun (Hong Kong) Co., Ltd. (“Shengshi Hong Kong”), was established in Hong Kong Special Administrative Region of the People’s Republic of China (the “PRC”) on September 18, 2018. Shengshi Yinghe (Shenzhen) Technology Co. Ltd. was established as a wholly foreign owned enterprise on November 08, 2018 under the laws of the PRC. Shenzhen Shengshi Elevator Co., Ltd. (“Shenzhen Shengshi”) was incorporated on April 2, 2014 under the laws of the PRC. Shenzhen Shengshi is an elevator provider company and provides one-stop service to its customers. Sichuan Shengshi Elevator Technology Co., Ltd. (“Sichuan Shengshi”) was incorporated on July 13, 2018 under the laws of the PRC. Sichuan Shengshi is a wholly owned subsidiary of Shenzhen Shengshi, which has the same business scope and offers similar products and services as Shenzhen Shengshi. The Company has been dormant since May 14, 2020. On May 18, 2021, as a result of a receivership in Clark County, Nevada, Case Number: A-21-827642-F, David Lazar was appointed receiver of the Company. Receiver David Lazar was granted the authority to rehabilitate the Company, including but not limited to the reinstatement or revival of the Company’s corporate charter with the Nevada Secretary of State, to prepare and file all documents as reasonably necessary to comply with Rule 15c2-11 of the Securities Act of 1934, to collect the debts and property belonging to the Company, to compromise and settle with any debtor of the Company, to prosecute and defend lawsuits in the name of the Company, to do all other acts as might be done by the Company, to do all other acts as may be reasonable or necessary to continue the business of the Company, and to appoint agents for the exercise of these duties. Receiver David Lazar saw no possibility of recovering any assets located in China and accessing any information of subsidiaries. The subsidiaries in China were deconsolidated. On September 8, 2021, as a result of Order barring unasserted claims and terminating receivership in Clark County, Nevada, Case Number: A-21-827642-F, the claimants and creditors of the Company were barred from presenting claims and debts against the Company which arose on or before the date of the Order. On July 28, 2021 the Company designated 10,000,000 0.001 53,679.52 250,000 On December 22, 2021, a Stock Purchase Agreement was entered into between NYJJ (Hong Kong) Limited (the “Seller”) and Atlantis Glory Company Limited (the “Purchaser”), whose controlling person is Ms. CHENG, Sau Heung, wherein the Purchaser purchased 10,000,000 0.001 90% 400,000 On January 3, 2022, the sole officer and director of the Company, David Lazar, tendered his resignations as Director, President, Chief Executive Officer, Secretary, and Treasurer of the Company, and appointed Ms. CHENG, Sau Heung as new President, Chief Executive Officer, Secretary, Treasurer, and Director of the Company, effective January 5, 2022. On March 28, 2022, Shengshi Elevator International Holding Group, Inc. (the “Company”), amended its articles of incorporation, changing its name to Atlantis Glory Inc. (the “Name Change”). The change was made in anticipation of entering into a new line of business operations. Market effective February 28, 2023, the Company changed its stock ticker symbol from SSDT to AGLY (the “Symbol Change”). The Company’s name change and symbol change were announced by FINRA in their daily list on February 27, 2023. The Company’s year-end is December 31.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP Management’s Representation of Interim Financial Statements The accompanying unaudited financial statements have been prepared by the Company without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Company uses the same accounting policies in preparing quarterly and annual financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These financial statements include all of the adjustments, which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These financial statements should be read in conjunction with the audited financial statements and notes thereto on December 31, 2022, as presented in the Company’s Annual Report on Form 10-K. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ from those estimates. Significant items subject to such estimates and assumptions include valuation of inventory, and recoverability of carrying amount and the estimated useful lives of long-lived assets. Cash and cash equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents as of March 31, 2023. Income taxes The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes” “Accounting for Uncertainty in Income Taxes” The amount recognized is measured as the largest amount of benefit that is greater than 50 Net Loss per Share Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. Recent Accounting Pronouncements There are no recent accounting pronouncements that impact the Company’s operations.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 – GOING CONCERN As of March 31, 2023, the Company had $- 0 35,556 98,479 1,034,258 These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the outcome of these uncertainties. The Company may raise additional capital through the sale of its equity securities, or through borrowings from financial institutions and related parties. Management believes that the actions presently being taken to obtain additional funding and implement its strategic plan provides the opportunity for the Company to continue as a going concern.

LIABILITIES AND RELATED PARTY N

LIABILITIES AND RELATED PARTY NOTES PAYABLE	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
LIABILITIES AND RELATED PARTY NOTES PAYABLE	NOTE 4 – LIABILITIES AND RELATED PARTY NOTES PAYABLE As of March 31, 2023, and December 31, 2022, there were $ 98,479 71,923 91,929

EQUITY

EQUITY	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
EQUITY	NOTE 5 – EQUITY Common Stock As of March 31, 2023 and December 31, 2022, the Company has authorized 990,000,000 0.001 As of March 31, 2023 and December 31, 2022, there were 603,970,000 Preferred Stock On July 28, 2021, the Company designated 10,000,000 0.001 53,679 250,000 Dividend Provisions Subject to the rights of any existing series of Preferred Stock or to the rights of any series of Preferred Stock which may from time to time hereafter come into existence, the holders of shares of Series A Preferred Stock shall be entitled to receive dividends, out of any assets legally available therefor, upon any payment of any dividend (payable other than in Common Stock or other securities and rights convertible into or entitling the holder thereof to receive, directly or indirectly, additional shares of Common Stock of the Corporation) on the Common Stock of the Corporation, as and if declared by the Board of Directors, as if the Series A Preferred Stock had been converted into Common Stock. Liquidation Preference. In the event of any liquidation, dissolution, or winding up of the Corporation, either voluntary or involuntary, the holders of the Series A Preferred Stock shall be entitled to receive, prior and in preference to any distribution of any of the assets of the Corporation to the holders of Common Stock, or any other series or class of common stock of the Corporation, whether now in existence or hereafter created by an amendment to the articles of incorporation of the Corporation or by a certificate of designation. Conversion The holders of the Series A Preferred Stock, shall have conversion rights as follows (the “Conversion Rights”): (a) Right to Convert. Subject to Section 4(c), the holder of issued and outstanding shares of Series A Preferred Stock shall be entitled to convert the Series A Preferred Stock, at the option of the holder(s) thereof, at any time after the date of issuance of such shares, at the office of the Corporation or any transfer agent for such stock, into such number of fully paid and nonassessable shares of Common Stock that are equal to ninety percent ( 90 As of March 31, 2023 and December 31, 2022, there were 10,000,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 6 – COMMITMENTS AND CONTINGENCIES The Company did not have any contractual commitments as of March 31, 2023.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 7 – SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were available to be issued and has determined that it does not have any material subsequent events to disclose in these financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP
Management’s Representation of Interim Financial Statements	Management’s Representation of Interim Financial Statements The accompanying unaudited financial statements have been prepared by the Company without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Company uses the same accounting policies in preparing quarterly and annual financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These financial statements include all of the adjustments, which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These financial statements should be read in conjunction with the audited financial statements and notes thereto on December 31, 2022, as presented in the Company’s Annual Report on Form 10-K.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ from those estimates. Significant items subject to such estimates and assumptions include valuation of inventory, and recoverability of carrying amount and the estimated useful lives of long-lived assets.
Cash and cash equivalents	Cash and cash equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents as of March 31, 2023.
Income taxes	Income taxes The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes” “Accounting for Uncertainty in Income Taxes” The amount recognized is measured as the largest amount of benefit that is greater than 50
Net Loss per Share	Net Loss per Share Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding.
Recent Accounting Pronouncements	Recent Accounting Pronouncements There are no recent accounting pronouncements that impact the Company’s operations.

ORGANIZATION AND DESCRIPTION _2

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) - USD ($)		1 Months Ended
	Sep. 30, 2019	Dec. 22, 2021	Jul. 28, 2021	Mar. 31, 2023	Dec. 31, 2022
Preferred stock, shares authorized				10,000,000	10,000,000
Preferred stock, par value				$ 0.001	$ 0.001
Stock issued for services			$ 53,679.52
Preferred Stock value				$ 10,000	$ 10,000
Series A Preferred Stock [Member]
Preferred stock, shares authorized			10,000,000
Preferred stock, par value			$ 0.001
Preferred Stock value			$ 250,000
Share Exchange Agreement [Member] | Shengshi International [Member]
Ownership percentage	100%
Shares exchanged for acquisition	600,000,000
Stock Purchase Agreement [Member]
Consideration paid for the shares		$ 400,000
Stock Purchase Agreement [Member] | Atlantis Glory Company Limited [Member]
Voting rights, percentage		90%
Stock Purchase Agreement [Member] | Series A Preferred Stock [Member]
Preferred stock, par value		$ 0.001
Purchase shares		10,000,000

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Effective income tax rate	50%

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 0
Net income	35,556	$ 29,959
Working capital	98,479
Accumulated deficit	$ 1,034,258		$ 998,702

LIABILITIES AND RELATED PARTY_2

LIABILITIES AND RELATED PARTY NOTES PAYABLE (Details Narrative) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Liabilities	$ 98,479	$ 71,923
Chief Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Advanced loans	$ 91,929

EQUITY (Details Narrative)

EQUITY (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Jul. 28, 2021	Mar. 31, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Common stock, shares authorized		990,000,000	990,000,000
Common stock, par value		$ 0.001	$ 0.001
Common stock, shares issued		603,970,000	603,970,000
Common stock, shares outstanding		603,970,000	603,970,000
Preferred stock, shares authorized		10,000,000	10,000,000
Preferred stock, par value		$ 0.001	$ 0.001
Stock issued for services	$ 53,679.52
Preferred Stock value		$ 10,000	$ 10,000
Preferred stock, shares outstanding		10,000,000	10,000,000
Custodian Ventures [Member]
Class of Stock [Line Items]
Stock issued for services	$ 53,679
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	10,000,000
Preferred stock, par value	$ 0.001
Preferred Stock value	$ 250,000
Conversion interest rate		90%
Preferred stock, shares outstanding		10,000,000	10,000,000
Preferred stock, shares outstanding		10,000,000	10,000,000