| Nature of Operations and Summary of Significant Accounting Policies | NOTE 1 - NATURE OF OPERATIONS AND SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES NATURE OF OPERATIONS Billion Holding Inc. (formerly Orchid
Grove Acquisition Corporation) (“the Company”, “Billion”) was incorporated on May 17, 2017 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. On January 8, 2018, the Company changed
of the Company’s name to Billion Holding Inc. 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 (“U.S. GAAP”) were omitted pursuant to such rules and regulations. The results for the nine months
ended September 30, 2018 are not necessarily indicative of the results to be expected for the year ending December 31, 2018. 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 condensed 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. Cash and cash equivalents amounted to $642 and $0 as of September 30, 2018 and December 31, 2017, respectively. CONCENTRATION OF RISK Financial instruments that potentially
subject the Company to concentrations of credit risk consist principally of cash. The Company maintains its cash in bank in Hongkong
where the standard deposit insurance coverage limit is approximately $63,000 (500,000 HKD) per bank account. The Company’s
bank balance did not exceed the insured amounts as of September 30, 2018 and December 31, 2017, respectively. Financial instruments that potentially
subject the Company to concentrations of credit risk consist principally of cash. The Company has bank account as of September
30, 2018 and has no bank account as of December 31, 2017. Cash on hand amounted to $642 and $0 as of September 30, 2018 and December
31, 2017. 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, 2018 and December 31, 2017, 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 September 30, 2018 and December 31, 2017, 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 unaudited 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
unaudited 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 inputs are unobservable inputs for the asset or liability. The carrying amounts of financial assets such as cash approximate their fair values because of the short maturity of these instruments. |
