Greenlit Ventures (GLVT) 10-K 29 Jun 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Jun. 22, 2020	Jun. 30, 2019
Document And Entity Information
Entity Registrant Name	MS YOUNG ADVENTURE ENTERPRISE, INC.
Entity Central Index Key	0001693687
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		6,731,667
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Current Assets
Cash	$ 57,719	$ 244,089
Other receivable	91,709
Due from a related party	4,500
Prepaid expense		5,000
Total Assets	153,928	249,089
Current Liabilities
Accounts payable and accrued liabilities	16,087	12,845
Other payable	100,993
Customers deposit		21,000
Due to related parties	1,295	120,218
Total Liabilities	118,375	154,063
Stockholders' Equity (deficit)
Preferred stock, $0.0001 par value 20,000,000 shares authorized; none issued and outstanding at December 31, 2019 and December 31, 2018, respectively
Common Stock, $0.0001 par value, 100,000,000 shares authorized; 6,731,667 and 6,731,667 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively	673	673
Discount on common stock
Additional paid-in capital	238,446	238,446
Accumulated deficit	(203,566)	(144,093)
Total stockholders' equity	35,553	95,026
Total Liabilities and Stockholders' Equity	$ 153,928	$ 249,089

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	6,731,667	6,731,667
Common stock, shares outstanding	6,731,667	6,731,667

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Revenue	$ 34,500	$ 5,900
Revenue - related party		10,015
Total revenue	34,500	15,915
Cost of Revenues	15,000	2,550
Gross Profit	19,500	13,365
Operating expenses	83,473	151,284
Operating loss	(63,973)	(137,919)
Other income (expense)
Interst expense		(9,218)
Interst income	4,500
Other income		20,000
Other income (expense)	4,500	10,782
Loss before income taxes	(59,473)	(127,137)
Income Tax Expense
Net loss	$ (59,473)	$ (127,137)
Loss per share - basic and diluted	$ (0.01)	$ (0.02)
Weighted average shares- basic and diluted	6,731,667	6,209,178

Statement of Stockholders' Equi

Statement of Stockholders' Equity - USD ($)	Common Stock [Member]	Discount on Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2017	$ 650	$ (600)	$ 3,801	$ (16,956)	$ (13,105)
Balance, shares at Dec. 31, 2017	6,500,000
Imputed interest expense			9,218		9,218
Shares issued for cash	$ 73	600	225,427		226,100
Shares issued for cash, shares	731,667
Redemption of common stock	$ (50)				(50)
Redemption of common stock, shares	(500,000)
Net loss				(127,137)	(127,137)
Balance at Dec. 31, 2018	$ 673		238,446	(144,093)	95,026
Balance, shares at Dec. 31, 2018	6,731,667
Net loss				(59,473)	(59,473)
Balance at Dec. 31, 2019	$ 673		$ 238,446	$ (203,566)	$ 35,553
Balance, shares at Dec. 31, 2019	6,731,667

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
OPERATING ACTIVITIES
Net loss	$ (59,473)	$ (127,137)
Non-cash adjustments to reconcile net loss to net cash:
Imputed interest expense		9,218
Changes in Operating Assets and Liabilities:
Prepaid expense	5,000	1,000
Other receivable	(91,709)
Accounts payable and accrued liabilities	3,242	11,069
Customers deposit	(21,000)	21,000
Other payable	100,993
Net cash used in operating activities	(62,947)	(84,850)
INVESTING ACTIVITIES
Net proceeds loaned to a related party	(4,500)
Net cash used in investing activities	(4,500)
FINANCING ACTIVITIES
(Repayment) proceed from related party	(118,923)	102,889
Share issued for cash		226,100
Cash paid to repurchase common stock		(50)
Net cash provided by financing activities	(118,923)	328,939
Net increase in cash	(186,370)	244,089
Cash, beginning of period	244,089
Cash, end of period	57,719	244,089
Cash paid during the period for:
Income tax
Interest

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	NOTE 1 - NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NATURE OF OPERATIONS MS Young Adventure Enterprise, Inc. (formerly “AllyMe Holding Inc,” and formerly “Rain Sound Acquisition Corporation”) (the “Company” or “MS Young”) was incorporated on December 7, 2016 under the laws of the state of Delaware. The Company engages in consulting services. On November 13, 2017, the Company changed of the Company’s name to AllyMe Holding Inc. On August 6, 2019, the Company changed the Company’s name to MS Young Adventure Enterprise, Inc. The Company is a marketing and management consulting company that provides advisory services to companies located in Asia for the purpose of facilitating the competitiveness of those companies in the international market. The Company offers a wide assortment of advisory services, ranging from business planning consulting services, mergers and acquisitions advising, and marketing services. As of the date of this report, the Company has signed few clients. BASIS OF PRESENTATION The summary of significant accounting policies presented below is designed to assist in understanding the Company’s financial statements. 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 financial statements. USE OF ESTIMATES The preparation of 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 Cash includes petty cash on hand and cash on deposit at banking institutions, which are liquid and are unrestricted as to withdrawal or use. Cash amounted to $57,719 and $244,089 as of December 31, 2019 and 2018, respectively. CONCENTRATION OF RISK Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and other receivable. Cash amounted to $57,719 and $244,089 as of December 31, 2019 and 2018, respectively. All of the Company’s cash is held in bank accounts in the United States and is protected by FDIC insurance. $0 and $0 are amounts that are not covered by FDIC insurance as of December 31, 2019 and 2018, respectively. Other receivable amounted to $91,709 and $0 as of December 31, 2019 and 2018, respectively. These receivables are due on demand, interest free, and without collateral. The Company estimated the uncollectable amount and wrote off $0 and $70,809 as bad debt for the years ended December 31, 2019 and 2018, respectively. REVENUE RECOGNITION The Company adopted Accounting Standards Codification (“ASC”) 606. ASC 606, Revenue from Contracts with Customers, establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires an entity to recognize revenue to depict the transfer of services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those services recognized as performance obligations are satisfied. The Company has assessed the impact of the guidance by performing the following five steps analysis: Step 1: Identify the contract Step 2: Identify the performance obligations Step 3: Determine the transaction price Step 4: Allocate the transaction price Step 5: Recognize revenue Based on the assessment, the Company concluded that there was no change to the timing and pattern of revenue recognition for its current revenue streams in scope of Topic 606 (which the Company adopted in 2018). For the years ended December 31, 2019 and 2018, the Company recognized revenue from providing consulting services, for which the Customer makes full payment at time of service purchase. The Company does not offer customers right of refund for service purchased. The Company had revenue $34,500 and $15,915 for the years ended December 31, 2019 and 2018, 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 December 31, 2019 and 2018, 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 by 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 December 31, 2019 and 2018, there are no outstanding dilutive securities. FAIR VALUE OF FINANCIAL INSTRUMENTS The Company follows ASC 825-10 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 ASC 825-10 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. ASC 825-10 requires certain disclosures regarding the fair value of financial instruments. The ASC 825-10 guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. 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 inputs are unobservable inputs for the asset or liability. The carrying amounts of financial assets such as cash, other receivable, accounts payable and accrued liabilities approximate their fair values because of the short maturity of these instruments. RECENT ACCOUNTING PRONOUNCEMENTS Recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the United States Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	NOTE 2 - GOING CONCERN The Company has generated only $50,415 revenue since inception to date and has sustained operating loss of $63,973 during the years ended December 31, 2019. The Company had a working capital of $35,553 and an accumulated deficit of $203,566 as of December 31, 2019 and a working capital of $95,026 and an accumulated deficit of $144,093 as of December 31, 2018. The Company’s continuation as a going concern is dependent on its ability to generate sufficient cash flows from operations to meet its obligations and/or obtaining additional financing from its members or other sources, as may be required. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern; however, the above condition raises substantial doubt about the Company’s ability to do so. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern. In order to maintain its current level of operations, the Company will require additional working capital from either cash flow from operations or from the sale of its equity. However, the Company currently has no commitments from any third parties for the purchase of its equity. If the Company is unable to acquire additional working capital, it will be required to significantly reduce its current level of operations.

Other Receivable

Other Receivable	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Other Receivable	NOTE 3 – OTHER RECEIVABLE Other receivable represents professional fees the Company paid on behalf of its clients. These payments are due on demand, interest free, and without collateral. The Company estimated the uncollectable amount and wrote off $0 and $70,809 as bad debt for the years ended December 31, 2019 and 2018, respectively. As a result, other receivable amounted to $91,709 and $0 as of December 31, 2019 and 2018, respectively

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	12 Months Ended
	Dec. 31, 2019
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities	NOTE 4 - ACCOUNTS PAYABLE AND ACCRUED LIABILITIES As of December 31, 2019 and 2018, accounts payable and accrued liabilities amounted to $16,087 and $12,845, respectively. Accounts payable and accrued liabilities mainly are accrued professional fees.

Customer Deposit

Customer Deposit	12 Months Ended
	Dec. 31, 2019
Customer Deposit
Customer Deposit	NOTE 5 - CUSTOMER DEPOSIT Customer deposit amounted to $0 and $21,000 as of December 31, 2019 and 2018, respectively. Customer deposit represents amount received from customers for services not rendered yet.

Related Parties

Related Parties	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Parties	NOTE 6 - RELATED PARTIES Loan from a related party On December 1, 2018, MS Young entered into an agreement to acquire a 51% interest in 0731380 B.C. Limited, a company registered in British Columbia, Canada (“0731380”). Initially, this transaction was structured as a purchase of equity by MS Young, however, the parties thereafter agreed (effective ab initio The restructuring of the initial Agreement and the amendment thereof on February 28, 2019 was approved by the Boards of Directors of both MS Young and 0731380. This is a related-party transaction as Chunxia Jiang is the principal and controlling shareholder and the sole director of both MS Young and 0731380. Therefore, the parties have agreed that, in lieu of any purchase of an equity interest in 0731380, MS Young would advance a loan to 0731380 in the initial face amount of $150,000 (the “Loan”), which will be payable One (1) year following the advance of funding of the Loan. 0731380 will use the proceeds of the Loan to fund the acquisition of a license and development of a retail outlet for the sale of cannabis-related products by its wholly-owned subsidiary, Natural Recreation in Kitimat, BC, Canada. The loan bears interest at a rate of five percent (5%) per annum payable at Maturity. The Loan Agreement (“Loan Agreement”) provides that if all licenses required to operate the retail store in Kitimat are issued by an agreed date, the Loan may be converted, at the option of MS Young, into an equity investment in Natural Recreation. There is a further provision in the Loan Agreement that if the Loan is converted, MS Young may, at its sole option, additionally issue 3,060,000 shares of its common stock to 0731380 which, together with the conversion of the Loan, will be MS Young’s purchase price for a 51% interest in Natural Recreation. If full licensure for the retail store in Kitimat is not issued by the agreed date, then the loan will convert to a term loan to be repaid on a schedule mutually agreed by the parties. There is no penalty for the early payment of the Loan. As of this date, such licensure is only in the early application process and there is no guarantee when any license will be issued, if at all. Due from a related party amounted to $4,500 as of December 31, 2019. Interest income amounted to $4,500 as of December 31, 2019. In the quarter ended December 31, 2019, 0731380 has repaid $150,000 to MS Young in advance. 0731380 BC Ltd will pay back interest of $4,500 before the end of December, 2020. Due to related parties Due to related parties amounted to $1,295 and $120,218 as of December 31, 2019 and 2018, respectively. Due to related parties include fees paid on behalf of the Company by Zilin Wang, who was a prior shareholder and also a prior officer of the Company and by Chunxia Jiang who is a current shareholder and also a current officer of the Company. In 2019, Zilin Wang was no longer be recognized as a related party of the company. The amount due to related parties are unsecured, non-interest bearing, and due on demand. The Company accrued imputed interest of $9,218 with 6% per annum in 2018. The accrued imputed interest amount for 2019 is $0.

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Stockholders' Equity (Deficit)	NOTE 7 - STOCKHOLDERS’ EQUITY (DEFICIT) The Company is authorized to issue 100,000,000 shares of common stock and 20,000,000 shares of preferred stock. There is no preferred stock issued and outstanding as of December 31, 2019 and 2018. There are 6,731,667 and 6,731,667 shares of common stock outstanding as of December 31, 2019 and 2018, respectively. On January 21, 2018, the Company repurchased and canceled 500,000 shares of common stock from two shareholders at a cost basis of par value per share for $50. $25 was paid in April 2018 and $25 was paid in June 2018. In February 2018, the Company sold 30,000 shares of common stock at $0.1 per share for total of $3,000 to 3 unrelated parties. In February 2018, the Company sold 631,667 shares of common stock at $0.3 per share for total of $189,500 to 31 unrelated parties and 2 related parties. In February 2018, the Company sold 40,000 shares of common stock at $0.4 per share for total of $16,000 to 2 unrelated parties. In February 2018, the Company sold 10,000 shares of common stock at $0.5 per share for total of $5,000 to 1 unrelated party. In February 2018, the Company sold 20,000 shares of common stock at $0.6 per share for total of $12,000 to 2 unrelated parties. On April 7, 2018, prior CEO Zilin Wang transferred all of his 6,000,000 shares of Common Stock of the Company to Chunxia Jiang in a private transaction. The shares represented 92.3% of the issued and outstanding shares of the Company on April 7, 2018 and thereby constituted a change of control of the Company. Simultaneously, Zilin Wang resigned all of his positions with the Company which were immediately assumed by Chunxia Jiang.

Income Tax

Income Tax	12 Months Ended
	Dec. 31, 2019
Income Tax
Income Tax	NOTE 8 – INCOME TAX Deferred income tax assets and liabilities are computed annually for differences between financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities. As of December 31, 2019, the Company had net operating loss (NOL) carry forwards of $203,566 that may be available to reduce future years’ taxable income through 2039. The deferred tax asset applicable to the net loss of $42,749 was offset entirely by a valuation allowance, which changed by $12,489 during 2019. As of December 31, 2018, the Company had net operating loss (NOL) carry forwards of $144,093 that may be available to reduce future years’ taxable income through 2038. However, the Company’s ability to use the carryover net operating loss may be substantially limited or eliminated pursuant to Internal Revenue Code Section 382. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. U.S. statutory federal rate of 21% rate is applied to the provision for income tax from the fiscal year of 2019 and 2018. The Company adopted the provisions of ASC 740-10-50, formerly FIN 48, and “Accounting for Uncertainty in Income Taxes”. The Company had no material unrecognized income tax assets or liabilities as of December 31, 2019 and 2018.

Restatement

Restatement	12 Months Ended
	Dec. 31, 2019
Accounting Changes and Error Corrections [Abstract]
Restatement	NOTE 9 – RESTATEMENT The following table presents the effect of the restatements on the Company’s previously issued balance sheet: As Previously Adjustments As Restated Due to related parties $ 153,626 $ (33,408 ) $ 120,218 Total Liabilities 187,471 (33,408 ) 154,063 Accumulated deficit (177,501 ) 33,408 (144,093 ) Total stockholders’ equity $ 61,618 $ 33,408 $ 95,026 The following table presents the effect of the restatements on the Company’s previously issued statement of operations: As Previously Adjustments As Restated Operating expenses $ 184,692 $ (33,408 ) $ 151,284 Operating loss (171,327 ) 33,408 (137,919 ) Loss before income taxes (160,545 ) 33,408 (127,137 ) Net loss $ (160,545 ) $ 33,408 $ (127,137 ) Loss per share - basic and diluted $ (0.03 ) $ (0.02 ) The following table presents the effect of the restatements on the Company’s previously issued statement of stockholder’s equity: Accumulated Total Deficit Stockholders’ Equity Balance as of December 31, 2018, as previously reported $ (177,501 ) $ 61,618 Correction of errors 33,408 33,408 Balance as of December 31, 2018, as restated $ (144,093 ) $ 95,026 The following table presents the effect of the restatements on the Company’s previously issued statement of cash flow: As of December 31, 2018 As Previously Reported Adjustments Notes As Restated OPERATING ACTIVITIES Net loss $ (160,545 ) $ 33,408 8 $ (127,137 ) Net cash used in operating activities (118,258 ) 33,408 (84,850 ) FINANCING ACTIVITIES Proceeds from related parties 136,297 (33,408 ) 6 102,889 Net cash provided by financing activities $ 362,347 $ (33,408 ) $ 328,939 $33,408 bad debt expense related to other receivable in 2018 was reversed because that amount was collected in 2018.

Subsequent Event

Subsequent Event	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Event	NOTE 10 - SUBSEQUENT EVENT Management has evaluated subsequent events through June 26, 2020, the date that the financial statements were available to be issued. All subsequent events requiring recognition as of December 31, 2019 have been incorporated into these financial statements and there are no subsequent events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events.” The outbreak of COVID19 coronavirus in China and Asia starting from the beginning of 2020 has resulted delay for our business. The Company followed the restrictive measures implemented in China, by suspending contacting clients or contacting clients remotely during February and March 2020. The Company gradually resumed contacting clients in person starting in April 2020. The recent developments of COVID 19 are expected to result in lower revenue and net income in 2020. Other financial impact could occur though such potential impact is unknown at this time.

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	NATURE OF OPERATIONS MS Young Adventure Enterprise, Inc. (formerly “AllyMe Holding Inc,” and formerly “Rain Sound Acquisition Corporation”) (the “Company” or “MS Young”) was incorporated on December 7, 2016 under the laws of the state of Delaware. The Company engages in consulting services. On November 13, 2017, the Company changed of the Company’s name to AllyMe Holding Inc. On August 6, 2019, the Company changed the Company’s name to MS Young Adventure Enterprise, Inc. The Company is a marketing and management consulting company that provides advisory services to companies located in Asia for the purpose of facilitating the competitiveness of those companies in the international market. The Company offers a wide assortment of advisory services, ranging from business planning consulting services, mergers and acquisitions advising, and marketing services. As of the date of this report, the Company has signed few clients.
Basis of Presentation	BASIS OF PRESENTATION The summary of significant accounting policies presented below is designed to assist in understanding the Company’s financial statements. 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 financial statements.
Use of Estimates	USE OF ESTIMATES The preparation of 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	CASH Cash includes petty cash on hand and cash on deposit at banking institutions, which are liquid and are unrestricted as to withdrawal or use. Cash amounted to $57,719 and $244,089 as of December 31, 2019 and 2018, respectively.
Concentration of Risk	CONCENTRATION OF RISK Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and other receivable. Cash amounted to $57,719 and $244,089 as of December 31, 2019 and 2018, respectively. All of the Company’s cash is held in bank accounts in the United States and is protected by FDIC insurance. $0 and $0 are amounts that are not covered by FDIC insurance as of December 31, 2019 and 2018, respectively. Other receivable amounted to $91,709 and $0 as of December 31, 2019 and 2018, respectively. These receivables are due on demand, interest free, and without collateral. The Company estimated the uncollectable amount and wrote off $0 and $70,809 as bad debt for the years ended December 31, 2019 and 2018, respectively.
Revenue Recognition	REVENUE RECOGNITION The Company adopted Accounting Standards Codification (“ASC”) 606. ASC 606, Revenue from Contracts with Customers, establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires an entity to recognize revenue to depict the transfer of services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those services recognized as performance obligations are satisfied. The Company has assessed the impact of the guidance by performing the following five steps analysis: Step 1: Identify the contract Step 2: Identify the performance obligations Step 3: Determine the transaction price Step 4: Allocate the transaction price Step 5: Recognize revenue Based on the assessment, the Company concluded that there was no change to the timing and pattern of revenue recognition for its current revenue streams in scope of Topic 606 (which the Company adopted in 2018). For the years ended December 31, 2019 and 2018, the Company recognized revenue from providing consulting services, for which the Customer makes full payment at time of service purchase. The Company does not offer customers right of refund for service purchased. The Company had revenue $34,500 and $15,915 for the years ended December 31, 2019 and 2018, respectively.
Income Taxes	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 December 31, 2019 and 2018, 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	LOSS PER COMMON SHARE Basic loss per common share excludes dilution and is computed by dividing net loss by 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 December 31, 2019 and 2018, there are no outstanding dilutive securities.
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS The Company follows ASC 825-10 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 ASC 825-10 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. ASC 825-10 requires certain disclosures regarding the fair value of financial instruments. The ASC 825-10 guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. 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 inputs are unobservable inputs for the asset or liability. The carrying amounts of financial assets such as cash, other receivable, accounts payable and accrued liabilities approximate their fair values because of the short maturity of these instruments.
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS Recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the United States Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

Restatement (Tables)

Restatement (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Changes and Error Corrections [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	The following table presents the effect of the restatements on the Company’s previously issued balance sheet: As Previously Adjustments As Restated Due to related parties $ 153,626 $ (33,408 ) $ 120,218 Total Liabilities 187,471 (33,408 ) 154,063 Accumulated deficit (177,501 ) 33,408 (144,093 ) Total stockholders’ equity $ 61,618 $ 33,408 $ 95,026 The following table presents the effect of the restatements on the Company’s previously issued statement of operations: As Previously Adjustments As Restated Operating expenses $ 184,692 $ (33,408 ) $ 151,284 Operating loss (171,327 ) 33,408 (137,919 ) Loss before income taxes (160,545 ) 33,408 (127,137 ) Net loss $ (160,545 ) $ 33,408 $ (127,137 ) Loss per share - basic and diluted $ (0.03 ) $ (0.02 ) The following table presents the effect of the restatements on the Company’s previously issued statement of stockholder’s equity: Accumulated Total Deficit Stockholders’ Equity Balance as of December 31, 2018, as previously reported $ (177,501 ) $ 61,618 Correction of errors 33,408 33,408 Balance as of December 31, 2018, as restated $ (144,093 ) $ 95,026 The following table presents the effect of the restatements on the Company’s previously issued statement of cash flow: As of December 31, 2018 As Previously Reported Adjustments Notes As Restated OPERATING ACTIVITIES Net loss $ (160,545 ) $ 33,408 8 $ (127,137 ) Net cash used in operating activities (118,258 ) 33,408 (84,850 ) FINANCING ACTIVITIES Proceeds from related parties 136,297 (33,408 ) 6 102,889 Net cash provided by financing activities $ 362,347 $ (33,408 ) $ 328,939

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended		34 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019
Cash	$ 57,719	$ 244,089	$ 57,719
Amounts of not covered by FDIC insurance	0	0	0
Other receivable	91,709		91,709
Net revenue	34,500	15,915	50,415
Deferred tax assets and liabilities
Potentially dilutive securities excluded from computation
Uncollectible Receivables [Member]
Wrote off bad debts	$ 0	$ 70,809

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	12 Months Ended		34 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Revenue	$ 34,500	$ 15,915	$ 50,415
Operating loss	(63,973)	(137,919)
Working capital	35,553	95,026	35,553
Accumulated deficit	$ (203,566)	$ (144,093)	$ (203,566)

Other Receivable (Details Narra

Other Receivable (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Other receivable	$ 91,709
Uncollectible Receivables [Member]
Wrote off bad debts	$ 0	$ 70,809

Accounts Payable and Accrued _2

Accounts Payable and Accrued Liabilities (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Payables and Accruals [Abstract]
Accounts payable and accrued liabilities	$ 16,087	$ 12,845

Customer Deposit (Details Narra

Customer Deposit (Details Narrative) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Customer Deposit
Customer deposit		$ 21,000

Related Parties (Details Narrat

Related Parties (Details Narrative) - USD ($)	Feb. 28, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 01, 2018
Loan initial face amount	$ 150,000
Debt maturity description	Payable One (1) year following the advance of funding of the Loan.
Loan interest rate	5.00%
Number of shares issued during period	3,060,000
Due from a related party		$ 4,500
Interest income		4,500
Advance from related party repaid		150,000
Interest expense		4,500
Due to related parties		1,295	120,218
Imputed interest accrued		$ 0	$ 9,218
Percentage of imputed interest		6.00%
Loan Agreement [Member]
Ownership percentage	51.00%
B.C. Limited [Member]
Ownership percentage				51.00%

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit) (Details Narrative) - USD ($)	Feb. 28, 2019	Apr. 07, 2018	Jan. 21, 2018	Jun. 30, 2018	Apr. 30, 2018	Feb. 28, 2018	Dec. 31, 2018	Dec. 31, 2019
Common stock, shares authorized							100,000,000	100,000,000
Preferred stock, shares authorized							20,000,000	20,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, shares outstanding							6,731,667	6,731,667
Repurchased and cancelled shares of value paid							$ 50
Issuance of common stock	3,060,000
3 Unrelated Parties [Member]
Sale of common stock shares						30,000
Common stock per share						$ 0.1
Sale of common stock value						$ 3,000
31 Unrelated Parties and 2 Related Parties [Member]
Sale of common stock shares						631,667
Common stock per share						$ 0.3
Sale of common stock value						$ 189,500
2 Unrelated Parties [Member]
Sale of common stock shares						40,000
Common stock per share						$ 0.4
Sale of common stock value						$ 16,000
1 Unrelated Party [Member]
Sale of common stock shares						10,000
Common stock per share						$ 0.5
Sale of common stock value						$ 5,000
2 Unrelated Parties [Member]
Sale of common stock shares						20,000
Common stock per share						$ 0.6
Sale of common stock value						$ 12,000
Two shareholders [Member]
Shares repurchased and cancelled			500,000
Repurchased and cancelled shares of value paid			$ 50	$ 25	$ 25
Chunxia Jiang [Member]
Issuance of common stock		6,000,000
Ownership percentage		92.30%

Income Tax (Details Narrative)

Income Tax (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax
Operating loss carry forwards	$ 203,566	$ 144,093
Income tax description	Income through 2039	Income through 2038
Deferred tax assets, valuation allowance	$ 42,749
Change in valuation allowance	$ 12,489
Federal tax rate	21.00%	21.00%

Restatement (Details Narrative)

Restatement (Details Narrative)	12 Months Ended
	Dec. 31, 2018USD ($)
Accounting Changes and Error Corrections [Abstract]
Bad debt expense	$ 33,408

Restatement - Schedule of Error

Restatement - Schedule of Error Corrections and Prior Period Adjustments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Due to related parties			$ 1,295	$ 120,218
Total Liabilities			118,375	154,063
Accumulated deficit			(203,566)	(144,093)
Total stockholders' equity	$ 35,553	$ 95,026	35,553	95,026	$ (13,105)
Operating expenses	83,473	151,284
Operating loss	(63,973)	(137,919)
Loss before income taxes	(59,473)	(127,137)
Net loss	$ (59,473)	$ (127,137)
Loss per share - basic and diluted	$ (0.01)	$ (0.02)
Balance, as previously reported		$ 61,618
Correction of errors		33,408
Balance	$ 35,553	95,026
Net cash used in operating activities	(62,947)	(84,850)
Proceeds from related parties		102,889
Net cash provided by financing activities	(118,923)	328,939
Notes [Member]
Net cash used in operating activities		8
Proceeds from related parties		6
Accumulated Deficit [Member]
Total stockholders' equity	(203,566)	(144,093)	$ (203,566)	(144,093)	$ (16,956)
Net loss	(59,473)	(127,137)
Balance, as previously reported		(177,501)
Correction of errors		33,408
Balance	$ (203,566)	(144,093)
As Previously Reported [Member]
Due to related parties				153,626
Total Liabilities				187,471
Accumulated deficit				(177,501)
Total stockholders' equity		61,618		61,618
Operating expenses		184,692
Operating loss		(171,327)
Loss before income taxes		(160,545)
Net loss		$ (160,545)
Loss per share - basic and diluted		$ (0.03)
Balance		$ 61,618
Net cash used in operating activities		(118,258)
Proceeds from related parties		136,297
Net cash provided by financing activities		362,347
Adjustments [Member]
Due to related parties				(33,408)
Total Liabilities				(33,408)
Accumulated deficit				33,408
Total stockholders' equity		33,408		$ 33,408
Operating expenses		(33,408)
Operating loss		33,408
Loss before income taxes		33,408
Net loss		$ 33,408
Loss per share - basic and diluted
Balance		$ 33,408
Net cash used in operating activities		33,408
Proceeds from related parties		(33,408)
Net cash provided by financing activities		$ (33,408)