Tancheng (QSJC) 10-Q 15 Dec 22 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Oct. 31, 2022	Dec. 15, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Oct. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--07-31
Entity File Number	333-228803
Entity Registrant Name	TANCHENG GROUP CO., LTD.
Entity Central Index Key	0001753391
Entity Tax Identification Number	86-1098668
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	No. 32, Huili Township, Jiaocheng County
Entity Address, Address Line Two	Lvliang City
Entity Address, City or Town	Shanxi Province
Entity Address, Country	CN
Entity Address, Postal Zip Code	030500
Country Region	86
City Area Code	139
Local Phone Number	1097-2765
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	true
Entity Common Stock, Shares Outstanding		4,381,550
Entity Information, Former Legal or Registered Name	N/A

Balance Sheets (Unaudited)

Balance Sheets (Unaudited) - USD ($)	Oct. 31, 2022	Jul. 31, 2022
Current Assets
Cash	$ 1,889	$ 1,889
Prepaid Rent	0	72
Prepaid Expenses	0	621
Total Current Assets	1,889	2,582
Intangible Assets, Net	0	21,084
TOTAL ASSETS	1,889	23,666
Current Liabilities
Accounts payables	85,214	5,990
Payroll Liabilities	68,400	68,400
Related-party Loan	0	71,724
Total Current Liabilities	153,614	146,114
Total Liabilities	153,614	146,114
Stockholders’ Deficit:
Common Stock, $0.001 par value 75,000,000 authorized, 4,381,550 and 4,381,550 shares issued and outstanding as of October 31, 2022 and July 31, 2022, respectively	4,381	4,381
Additional Paid in Capital	16,750	16,750
Accumulated deficit	(172,856)	(143,579)
Total Stockholders’ Deficit	(151,725)	(122,448)
TOTAL LIABILITIES & STOCKHOLDERS’ DEFICIT	$ 1,889	$ 23,666

Balance Sheets (Unaudited) (Par

Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Oct. 31, 2022	Jul. 31, 2022
Statement of Financial Position [Abstract]
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares, Issued	4,381,550	4,381,550
Common Stock, Shares, Outstanding	4,381,550	4,381,550

Statement of Operations (Unaudi

Statement of Operations (Unaudited) - USD ($)	3 Months Ended
	Oct. 31, 2022	Oct. 31, 2021
Income Statement [Abstract]
REVENUE	$ 0	$ 0
EXPENSES
General and Administrative Costs	21,777	11,423
Professional fees	7,500	8,614
Rent Expense	0	103
Total expenses	29,277	20,140
Income (Loss) from Operations	(29,277)	(20,140)
Income Tax Expense	0	0
NET INCOME (LOSS) AFTER TAX	$ (29,277)	$ (20,140)

Statement of Operations (Unau_2

Statement of Operations (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Oct. 31, 2022	Oct. 31, 2021
Income Statement [Abstract]
Earnings Per Share, Basic	$ (0.01)	$ 0
Earnings Per Share, Diluted	$ (0.01)
Weighted Average Number of Shares Outstanding, Basic	4,381,550	4,381,550
Weighted Average Number of Shares Outstanding, Diluted	4,381,550	4,381,550

Statement of Stockholders' Defi

Statement of Stockholders' Deficit (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Jul. 31, 2021	$ 4,381	$ 16,750	$ (79,876)	$ (58,745)
Shares, Outstanding, Beginning Balance at Jul. 31, 2021	4,381,550
Net loss			(20,140)	(20,140)
Ending balance, value at Oct. 31, 2021	$ 4,381	16,750	(100,016)	(78,885)
Shares, Outstanding, Ending Balance at Oct. 31, 2021	4,381,550
Beginning balance, value at Jul. 31, 2022	$ 4,381	16,750	(143,579)	(122,448)
Shares, Outstanding, Beginning Balance at Jul. 31, 2022	4,381,550
Net loss			(29,277)	(29,277)
Ending balance, value at Oct. 31, 2022	$ 4,381	$ 16,750	$ (172,856)	$ (151,725)
Shares, Outstanding, Ending Balance at Oct. 31, 2022	4,381,550

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Oct. 31, 2022	Oct. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$ (29,277)	$ (20,140)
Adjustments to reconcile Net Income to net cash provided by operations:
Loss on disposal of intangible assets	21,084	0
Write off of prepayments	693	0
Accounts Payable	7,500	0
Prepaid Expenses	0	163
Prepaid Rent	0	(34)
Payroll Liabilities	0	11,400
Net cash used in Operating Activities	0	(8,611)
CASH FLOWS FROM INVESTING ACTIVITIES	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Related-party loan	0	8,837
Net cash provided by Financing Activities	0	8,837
Net cash increase for period	0	226
Cash at beginning of period	1,889	124
Cash at end of period	$ 1,889	$ 350

ORGANIZATION AND OPERATIONS

ORGANIZATION AND OPERATIONS	3 Months Ended
	Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND OPERATIONS	NOTE 1 – ORGANIZATION AND OPERATIONS TANCHENG GROUP CO., LTD., formerly named Bigeon Corp. (“Company”) was incorporated on June 19, 2018 under the laws of Nevada. We are developing a new kind of messenger application. The product of the Company (“the App”) is intended to provide an entirely new way of sharing information. The App enables a user to draw a picture or a writing instead of typing the whole message. Our intended users will be the people whose jobs are connected with drawing and creating graphic animation. Bigeon’s product will be an appropriate tool to make short sketches on the go and share them with others. On August 31, 2022, the former President of the Company, Olegas Tunevicius, sold all of his 3,500,000 common shares of Bigeon to Shanxi Qiansui Tancheng Culture Media Co., Ltd., a privately-owned Chinese company, thus constituting a change of control of the Company. As part of the change of control, Olegas Tunevicius resigned as the Company’s sole officer and director, and Yu Yang became the Company’s sole officer and director. On October 17, 2022, the Company filed a Certificate of Amendment to Articles of Incorporation of the Company with the Secretary of State of State of Nevada to change the Company’s name to Tancheng Group Co., Ltd.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Oct. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Management of the Company is responsible for the selection and use of appropriate accounting policies and the appropriateness of accounting policies and their application. Critical accounting policies and practices are those that are both most important to the portrayal of the Company’s financial condition and results and require management’s most difficult, subjective, or complex judgments, often as a result of the need to make estimates about the effects of matters that are inherently uncertain. The Company’s significant and critical accounting policies and practices are disclosed below as required by generally accepted accounting principles. Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with the rules and regulations (Regulation S-X) of the Securities and Exchange Commission (the “SEC”) and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations for the three months ended October 31, 2022, are not necessarily indicative of the operating results that may be expected for the year ending July 31, 2023. These unaudited condensed financial statements should be read in conjunction with the July 31, 2022, financial statements and notes thereto. 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 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 amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash Equivalents The Company considers all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents. The cash equivalents as of October 31, 2022 and July 31, 2022 were $nil. Related Parties The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20 the related parties include (a) affiliates of the Company; (b) entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity; (c) trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; (d) principal owners of the Company; (e) management of the Company; (f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and (g) other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests. Net Income (Loss) per Common Share Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially dilutive outstanding shares of common stock during the period to reflect the potential dilution that could occur from common shares issuable through contingent share arrangements, stock options and warrants. There were no Recent Accounting Pronouncements The Company’s management has evaluated all the recently issued, but not yet effective, accounting standards that have been issued or proposed by the FASB or other standards-setting bodies through the filing date of these financial statements and does not believe the future adoption of any such pronouncements will have a material effect on the Company’s financial position and results of operations.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 – GOING CONCERN The financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As reflected in the financial statements, the Company had no revenues during the three months ended October 31, 2022, has recurring net loss, and is total liabilities in excess of total assets. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company is attempting to commence full-scale operations and generate sufficient revenue, however, the Company’s cash position may not be sufficient to support the Company’s daily operations long-term. Management intends to raise additional funds by way of a private or public offering. While the Company believes in the viability of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds by way of a public or private offering. The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	3 Months Ended
	Oct. 31, 2022
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 4 – STOCKHOLDERS’ EQUITY Upon formation, the total number of shares of all classes of stock which the Company is authorized to issue is seventy-five million ( 75,000,000 0.001 During the three months ended October 31, 2022 and the year ended July 31, 2022, the Company issued no There were 4,381,550

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS	3 Months Ended
	Oct. 31, 2022
Related Party Transactions [Abstract]
RELATED-PARTY TRANSACTIONS	NOTE 5 – RELATED-PARTY TRANSACTIONS The former President of the Company, Olegas Tunevicius, is the only related party with whom the Company had balance and transactions with. During the three months ended October 31, 2021, Mr. Tunevicius contributed $ 8,837 71,724 71,724

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Oct. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 6 – SUBSEQUENT EVENTS The Company has evaluated all events that occur after the balance sheet date through the date when the financial statements were available to be issued to determine if they must be reported. Management of the Company determined that there are no material subsequent events to be disclosed.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Oct. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with the rules and regulations (Regulation S-X) of the Securities and Exchange Commission (the “SEC”) and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations for the three months ended October 31, 2022, are not necessarily indicative of the operating results that may be expected for the year ending July 31, 2023. These unaudited condensed financial statements should be read in conjunction with the July 31, 2022, financial statements and notes thereto.
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 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 amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash Equivalents	Cash Equivalents The Company considers all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents. The cash equivalents as of October 31, 2022 and July 31, 2022 were $nil.
Related Parties	Related Parties The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20 the related parties include (a) affiliates of the Company; (b) entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity; (c) trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; (d) principal owners of the Company; (e) management of the Company; (f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and (g) other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.
Net Income (Loss) per Common Share	Net Income (Loss) per Common Share Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially dilutive outstanding shares of common stock during the period to reflect the potential dilution that could occur from common shares issuable through contingent share arrangements, stock options and warrants. There were no
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company’s management has evaluated all the recently issued, but not yet effective, accounting standards that have been issued or proposed by the FASB or other standards-setting bodies through the filing date of these financial statements and does not believe the future adoption of any such pronouncements will have a material effect on the Company’s financial position and results of operations.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - shares	3 Months Ended	12 Months Ended
	Oct. 31, 2022	Jul. 31, 2022
Accounting Policies [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - $ / shares	3 Months Ended	12 Months Ended
	Oct. 31, 2022	Jul. 31, 2022
Equity [Abstract]
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Stock Issued During Period, Shares, New Issues	0	0
Common Stock, Shares, Issued	4,381,550	4,381,550
Common Stock, Shares, Outstanding	4,381,550	4,381,550

RELATED-PARTY TRANSACTIONS (Det

RELATED-PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Jul. 31, 2022
Related Party Transaction [Line Items]
Proceeds from Related Party Debt	$ 0	$ 8,837
Olegas Tunevicius [Member]
Related Party Transaction [Line Items]
Proceeds from Related Party Debt		$ 8,837
Due to Related Parties	$ 71,724		$ 71,724