DONGFANG CITY HOLDING 10-K 28 Jan 22 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Oct. 31, 2021	Jan. 28, 2022	Apr. 30, 2021
Document Information Line Items
Entity Registrant Name	DONGFANG CITY HOLDING GROUP Co Ltd
Document Type	10-K
Current Fiscal Year End Date	--10-31
Entity Common Stock, Shares Outstanding		100,000
Entity Public Float			$ 0
Amendment Flag	false
Entity Central Index Key	0001793330
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Oct. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	true
Entity Ex Transition Period	true
Document Annual Report	true
Document Transition Report	false
Entity File Number	000-56120
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-3505117
Entity Address, Address Line One	Level 15, Tower 2
Entity Address, Address Line Two	Etiqa Twins Tower, No. 11
Entity Address, City or Town	Jalan Pinang
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	50450
Entity Interactive Data Current	Yes
City Area Code	601
Local Phone Number	22886060

Balance Sheets

Balance Sheets - USD ($)	Oct. 31, 2021	Jul. 31, 2021	Apr. 30, 2021	Jan. 31, 2021	Oct. 31, 2020
Current Assets
Cash	$ 198,576	$ 41,434	$ 2,017	$ 2,017	$ 10,100
Total Current Assets	198,576	41,434	2,017	2,017	10,100
Total Assets	198,576	41,434	2,017	2,017	10,100
Current Liabilities
Accrued liabilities	3,700	500	3,000	1,500
Loan From Shareholder	495,769	297,899	234,429	222,429	210,429
Total Current Liabilities	499,469	298,399	237,429	223,929	210,429
Total Liabilities	499,469	298,399	237,429	223,929	210,429
Commitments and Contingencies
Stockholders’ Deficit
Common stock, value	1,000	1,000	1,000	1,000	1,000
Additional paid-in capital	9,000	9,000	9,000	9,000	9,000
Accumulated deficit	(310,893)	(266,965)	(245,412)	(231,912)	(210,329)
Total Stockholders’ Deficit	(300,893)	(256,965)	(235,412)	(221,912)	(200,329)
Total Liabilities and Stockholders’ Deficit	$ 198,576	$ 41,434	$ 2,017	$ 2,017	$ 10,100

Balance Sheets (Parentheticals)

Balance Sheets (Parentheticals) - $ / shares	Oct. 31, 2021	Jul. 31, 2021	Apr. 30, 2021	Jan. 31, 2021	Oct. 31, 2020
Statement of Financial Position [Abstract]
Common stock par value (in Dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Common stock, shares authorized	300,000,000	300,000,000	300,000,000	300,000,000	300,000,000
Common stock, shares issued	100,000	100,000	100,000	100,000	100,000
Common stock, shares outstanding	100,000	100,000	100,000	100,000	100,000

Statements of Operations

Statements of Operations - USD ($)	3 Months Ended						6 Months Ended		9 Months Ended		12 Months Ended
	Jul. 31, 2021	Apr. 30, 2021	Jan. 31, 2021	Jul. 31, 2020	Apr. 30, 2020	Jan. 31, 2020	Apr. 30, 2021	Apr. 30, 2020	Jul. 31, 2021	Jul. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Operating Expenses
General and administrative	$ 21,553	$ 13,500	$ 21,583	$ 22,000	$ 10,000	$ 18,000	$ 35,083	$ 28,000	$ 56,636	$ 50,000	$ 100,564	$ 190,000
Total Operating Expenses	(21,553)	(13,500)	(21,583)	(22,000)	(10,000)	(18,000)	(35,083)	(28,000)	(56,636)	(50,000)	(100,564)	(190,000)
Loss before Income Taxes	(21,553)	(13,500)	(21,583)	(22,000)	(10,000)	(18,000)	(35,083)	(28,000)	(56,636)	(50,000)	(100,564)	(190,000)
Provision for Income Tax
Net Loss	$ (21,553)	$ (13,500)	$ (21,583)	$ (22,000)	$ (10,000)	$ (18,000)	$ (35,083)	$ (28,000)	$ (56,636)	$ (50,000)	$ (100,564)	$ (190,000)
Loss per Share - Basic and Diluted (in Dollars per share)	$ (0.22)	$ (0.14)	$ (0.22)	$ (0.22)	$ (0.1)	$ (0.18)	$ (0.35)	$ (0.28)	$ (0.57)	$ (0.5)	$ (1.01)	$ (1.9)
Weighted Average Shares Outstanding - Basic and Diluted (in Shares)	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000

Statements of Stockholders_ Equ

Statements of Stockholders’ Equity (Deficit) - USD ($)	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Balance at Oct. 31, 2019	$ 1,000	$ 9,000	$ (20,329)	$ (10,329)
Balance (in Shares) at Oct. 31, 2019	100,000
Net loss			(18,000)	(18,000)
Balance at Jan. 31, 2020	$ 1,000	9,000	(38,329)	(28,329)
Balance (in Shares) at Jan. 31, 2020	200,000
Balance at Oct. 31, 2019	$ 1,000	9,000	(20,329)	(10,329)
Balance (in Shares) at Oct. 31, 2019	100,000
Net loss			(28,000)	(28,000)
Balance at Apr. 30, 2020	$ 1,000	9,000	(48,329)	(38,329)
Balance (in Shares) at Apr. 30, 2020	200,000
Balance at Oct. 31, 2019	$ 1,000	9,000	(20,329)	(10,329)
Balance (in Shares) at Oct. 31, 2019	100,000
Net loss			(50,000)	(50,000)
Balance at Jul. 31, 2020	$ 1,000	9,000	(70,329)	(60,329)
Balance (in Shares) at Jul. 31, 2020	200,000
Balance at Oct. 31, 2019	$ 1,000	9,000	(20,329)	(10,329)
Balance (in Shares) at Oct. 31, 2019	100,000
Net loss			(190,000)	(190,000)
Balance at Oct. 31, 2020	$ 1,000	9,000	(210,329)	(200,329)
Balance (in Shares) at Oct. 31, 2020	100,000
Balance at Jan. 31, 2020	$ 1,000	9,000	(38,329)	(28,329)
Balance (in Shares) at Jan. 31, 2020	200,000
Net loss			(10,000)	(10,000)
Balance at Apr. 30, 2020	$ 1,000	9,000	(48,329)	(38,329)
Balance (in Shares) at Apr. 30, 2020	200,000
Net loss			(22,000)	(22,000)
Balance at Jul. 31, 2020	$ 1,000	9,000	(70,329)	(60,329)
Balance (in Shares) at Jul. 31, 2020	200,000
Balance at Oct. 31, 2020	$ 1,000	9,000	(210,329)	(200,329)
Balance (in Shares) at Oct. 31, 2020	100,000
Net loss			(21,583)	(21,583)
Balance at Jan. 31, 2021	$ 1,000	9,000	(231,912)	(221,912)
Balance (in Shares) at Jan. 31, 2021	100,000
Balance at Oct. 31, 2020	$ 1,000	9,000	(210,329)	(200,329)
Balance (in Shares) at Oct. 31, 2020	100,000
Net loss			(35,083)	(35,083)
Balance at Apr. 30, 2021	$ 1,000	9,000	(245,412)	(235,412)
Balance (in Shares) at Apr. 30, 2021	100,000
Balance at Oct. 31, 2020	$ 1,000	9,000	(210,329)	(200,329)
Balance (in Shares) at Oct. 31, 2020	100,000
Net loss				(56,636)
Balance at Jul. 31, 2021	$ 1,000	9,000	(266,965)	(256,965)
Balance (in Shares) at Jul. 31, 2021	100,000
Balance at Oct. 31, 2020	$ 1,000	9,000	(210,329)	(200,329)
Balance (in Shares) at Oct. 31, 2020	100,000
Net loss			(100,564)	(100,564)
Balance at Oct. 31, 2021	$ 1,000	9,000	(310,893)	(300,893)
Balance (in Shares) at Oct. 31, 2021	100,000
Balance at Jan. 31, 2021	$ 1,000	9,000	(231,912)	(221,912)
Balance (in Shares) at Jan. 31, 2021	100,000
Net loss			(13,500)	(13,500)
Balance at Apr. 30, 2021	$ 1,000	9,000	(245,412)	(235,412)
Balance (in Shares) at Apr. 30, 2021	100,000
Net loss			(21,553)	(21,553)
Balance at Jul. 31, 2021	$ 1,000	$ 9,000	$ (266,965)	$ (256,965)
Balance (in Shares) at Jul. 31, 2021	100,000

Statements of Cash Flows

Statements of Cash Flows - USD ($)	3 Months Ended		6 Months Ended		9 Months Ended		12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Apr. 30, 2021	Apr. 30, 2020	Jul. 31, 2021	Jul. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (21,583)	$ (18,000)	$ (35,083)	$ (28,000)	$ (56,636)	$ (50,000)	$ (100,564)	$ (190,000)
Changes in Operating Assets and Liabilities:
Increase in accrued liabilities	1,500		3,000		500		3,700
Net Cash Used in Operating Activities	(20,083)	(18,000)	(32,083)	(28,000)	(56,136)	(50,000)	(96,864)	(190,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash proceeds on loan payable	12,000	18,000	24,000	28,000	87,470	50,000	285,340	190,000
Net Cash Provided By Financing Activities	12,000	18,000	24,000	28,000	87,470	50,000	285,340	190,000
Net Increase (Decrease) in Cash	(8,083)		(8,083)		31,334		188,476
Cash - Beginning of the Period	10,100	10,100	10,100	10,100	10,100	10,100	10,100	10,100
Cash - End of the Period	2,017	10,100	2,017	(10,100)	41,434	10,100	198,576	10,100
Supplemental Disclosures of Cash Flows
Cash paid for Interest
Cash paid for income taxes

Description of Orgnanization, B

Description of Orgnanization, Business Operations, Going Concern and Summary of Significant Accounting Policies	12 Months Ended
	Oct. 31, 2021
Accounting Policies [Abstract]
DESCRIPTION OF ORGNANIZATION, BUSINESS OPERATIONS, GOING CONCERN AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - DESCRIPTION OF ORGNANIZATION, BUSINESS OPERATIONS, GOING CONCERN AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES History Dongfang City Holding Group Company Limited (the “Company”), a development stage company, was organized under the laws of the State of Delaware on October 25, 2019. The Company complies with the reporting requirements of ASC 915, “Development Stage Entities” and has adopted Accounting Standards Update (“ASU”) 2014-10. Going Concern and Plan of Operation The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company is in the development stage and has not earned any revenues from operations to date. These conditions raise substantial doubt about its ability to continue as a going concern. The Company is currently devoting its efforts to acquire a target company or business seeking the perceived advantages of being a publicly held corporation. The Company’s ability to continue as a going concern is dependent upon its ability to develop additional sources of capital, locate and complete a merger with another company, and ultimately, achieve profitable operations. The accompanying financial statements do not include any adjustments that might result from the outcome of these uncertainties. Income Taxes The Company uses the liability method of accounting for income taxes pursuant to Statement of Financial Accounting Standards No. 109. Under this method, deferred income taxes are recorded to reflect the tax consequences in future years of temporary differences between the tax basis of the assets and liabilities and their financial amounts at year end. For federal income tax purposes, substantially all expenses must be deferred until the Company commences business and then they may be written off over a 60-month period. These expenses will not be deducted for tax purposes and will represent a deferred tax asset. The Company will provide a valuation allowance in the full amount of the deferred tax asset since there is no assurance of future taxable income. Tax deductible losses can be carried forward for 20 years until utilized. Deferred Offering Costs Deferred offering costs, consisting of legal, accounting and filing fees relating to the offering will be capitalized. The deferred offering costs will be offset against offering proceeds in the event the offering is successful. In the event the offering is unsuccessful or is abandoned, the deferred offering costs will be expensed. Cash and Cash Equivalents Cash and cash equivalents consist primarily of cash in banks, cash on hand and highly liquid investments with original maturities of 90 days or less. As of October 31, 2021 and 2020, the Company had cash in bank of $198,576 and $10,100, respectively. Concentrations of Credit Risk The Company maintains all cash in deposit accounts, which at times may exceed federally insured limits of $250,000 insured by the Federal Deposit Insurance Corporation (“FDIC”). The Company’s bank balance did not exceed the insured amounts as of October 31, 2021 and 2020, respectively. Lease Agreement During the year ended October 31, 2021, the Company entered into a lease agreement with Bank of New York Building (the “Leaser”). The Leaser grants the Company the right to use and occupy Office# 10, (maximum of 4 person(s)) 48 Wall Street, 5th floor, New York, NY 10005. From October 1, 2020 through June 30, 2021. The company shall pay the Leaser a rent of $4,000 per month. On June 1, 2021, the lease has been extended to December 31, 2021. The Company recorded $48,000 rent for the year ended October 31, 2021, which was paid by a related party (see Note 2). Earnings (Loss) Per Common Share A basic earnings per common share is computed based upon the weighted average number of common shares outstanding during the period. Diluted earnings per share consists of the weighted average number of common shares outstanding plus the dilutive effects of options and warrants calculated using the treasury stock method. In loss periods, dilutive common equivalent shares are excluded as the effect would be anti-dilutive. As of October 31, 2021 and 2020, there were no convertible notes, options or warrants available for conversion that if exercised, may dilute future earnings per share. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the 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 and assumptions. Recently Issued Accounting Pronouncements The Company has adopted all recently issued accounting pronouncements. The adoption of the accounting pronouncements is not anticipated to have a material effect on the operations of the Company.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Oct. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 2 - RELATED PARTY TRANSACTIONS Most office services such as printing mailing, and other basic office administrative services Loan from Shareholder amounted to $495,769 and $210,429 as of October 31, 2021 and 2020 respectively, which was due to Wei Li, the Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer and Sole Director of the Company. The amount of Loan from Shareholder is interest free, with no collateral, and due on demand.

Stockholders' Deficit

Stockholders' Deficit	12 Months Ended
	Oct. 31, 2021
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' DEFICIT	NOTE 3 – STOCKHOLDERS’ DEFICIT The Company is authorized to issue 300,000,000 shares of common stock. On June 7, 2021, Zhenggui Wang and Ling Cheng (the “ Sellers Agreement “Buyer” Purchaser Wang Common Stock Company Cheng Closing As of October 31, 2021, 100,000 shares of common stock were issued and outstanding.

Subsequent Events

Subsequent Events	12 Months Ended
	Oct. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 4 - SUBSEQUENT EVENTS The Company evaluated events subsequent to October 31, 2021 to assess the need for potential recognition or disclosure in this report. Such events were evaluated through January 28, 2022, the date

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Oct. 31, 2021
Accounting Policies [Abstract]
History	History Dongfang City Holding Group Company Limited (the “Company”), a development stage company, was organized under the laws of the State of Delaware on October 25, 2019. The Company complies with the reporting requirements of ASC 915, “Development Stage Entities” and has adopted Accounting Standards Update (“ASU”) 2014-10.
Going Concern and Plan of Operation	Going Concern and Plan of Operation The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company is in the development stage and has not earned any revenues from operations to date. These conditions raise substantial doubt about its ability to continue as a going concern. The Company is currently devoting its efforts to acquire a target company or business seeking the perceived advantages of being a publicly held corporation. The Company’s ability to continue as a going concern is dependent upon its ability to develop additional sources of capital, locate and complete a merger with another company, and ultimately, achieve profitable operations. The accompanying financial statements do not include any adjustments that might result from the outcome of these uncertainties.
Income Taxes	Income Taxes The Company uses the liability method of accounting for income taxes pursuant to Statement of Financial Accounting Standards No. 109. Under this method, deferred income taxes are recorded to reflect the tax consequences in future years of temporary differences between the tax basis of the assets and liabilities and their financial amounts at year end. For federal income tax purposes, substantially all expenses must be deferred until the Company commences business and then they may be written off over a 60-month period. These expenses will not be deducted for tax purposes and will represent a deferred tax asset. The Company will provide a valuation allowance in the full amount of the deferred tax asset since there is no assurance of future taxable income. Tax deductible losses can be carried forward for 20 years until utilized.
Deferred Offering Costs	Deferred Offering Costs Deferred offering costs, consisting of legal, accounting and filing fees relating to the offering will be capitalized. The deferred offering costs will be offset against offering proceeds in the event the offering is successful. In the event the offering is unsuccessful or is abandoned, the deferred offering costs will be expensed.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist primarily of cash in banks, cash on hand and highly liquid investments with original maturities of 90 days or less. As of October 31, 2021 and 2020, the Company had cash in bank of $198,576 and $10,100, respectively.
Concentrations of Credit Risk	Concentrations of Credit Risk The Company maintains all cash in deposit accounts, which at times may exceed federally insured limits of $250,000 insured by the Federal Deposit Insurance Corporation (“FDIC”). The Company’s bank balance did not exceed the insured amounts as of October 31, 2021 and 2020, respectively.
Lease Agreement	Lease Agreement During the year ended October 31, 2021, the Company entered into a lease agreement with Bank of New York Building (the “Leaser”). The Leaser grants the Company the right to use and occupy Office# 10, (maximum of 4 person(s)) 48 Wall Street, 5th floor, New York, NY 10005. From October 1, 2020 through June 30, 2021. The company shall pay the Leaser a rent of $4,000 per month. On June 1, 2021, the lease has been extended to December 31, 2021. The Company recorded $48,000 rent for the year ended October 31, 2021, which was paid by a related party (see Note 2).
Earnings (Loss) Per Common Share	Earnings (Loss) Per Common Share A basic earnings per common share is computed based upon the weighted average number of common shares outstanding during the period. Diluted earnings per share consists of the weighted average number of common shares outstanding plus the dilutive effects of options and warrants calculated using the treasury stock method. In loss periods, dilutive common equivalent shares are excluded as the effect would be anti-dilutive. As of October 31, 2021 and 2020, there were no convertible notes, options or warrants available for conversion that if exercised, may dilute future earnings per share.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the 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 and assumptions.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements The Company has adopted all recently issued accounting pronouncements. The adoption of the accounting pronouncements is not anticipated to have a material effect on the operations of the Company.

Description of Orgnanization,_2

Description of Orgnanization, Business Operations, Going Concern and Summary of Significant Accounting Policies (Details) - USD ($)	9 Months Ended	12 Months Ended
	Jun. 30, 2021	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2019
Accounting Policies [Abstract]
Income tax, description		These expenses will not be deducted for tax purposes and will represent a deferred tax asset. The Company will provide a valuation allowance in the full amount of the deferred tax asset since there is no assurance of future taxable income. Tax deductible losses can be carried forward for 20 years until utilized.
Liquid investments maturities		90 days
Cash in bank		$ 198,576	$ 10,100	$ 10,100
Federally insured limits		250,000
Leaser rent	$ 4,000	$ 48,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Related Party Transactions [Abstract]
Loan from shareholder amounted	$ 495,769	$ 210,429

Stockholders' Deficit (Details)

Stockholders' Deficit (Details) - $ / shares	Jun. 07, 2021	Oct. 31, 2021	Jul. 31, 2021	Apr. 30, 2021	Jan. 31, 2021	Oct. 31, 2020
Stockholders' Deficit (Details) [Line Items]
Number of shares authorized to issue		300,000,000	300,000,000	300,000,000	300,000,000	300,000,000
Percentage of issued and outstanding common stock	100.00%
Number of common stock issued		100,000	100,000	100,000	100,000	100,000
Number of common stock outstanding		100,000	100,000	100,000	100,000	100,000
Wang [Member]
Stockholders' Deficit (Details) [Line Items]
Number of shares purchase	90,000
Price per share (in Dollars per share)	$ 0.0001
Percentage of issued and outstanding common stock	90.00%
Aggregate purchase price (in Dollars per share)	$ 9
Number of Shares Owned	90,000
Cheng [Member]
Stockholders' Deficit (Details) [Line Items]
Number of shares purchase	10,000
Price per share (in Dollars per share)	$ 0.0001
Percentage of issued and outstanding common stock	10.00%
Aggregate purchase price (in Dollars per share)	$ 1
Number of Shares Owned	10,000
Buyers [Member]
Stockholders' Deficit (Details) [Line Items]
Percentage of issued and outstanding common stock	100.00%