QMIS TBS Capital (QMIX) 10-Q 23 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 19, 2022
Cover [Abstract]
Entity Registrant Name	QMIS TBS CAPITAL GROUP CORP.
Entity Central Index Key	0001796160
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Mar. 31, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Entity Ex Transition Period	true
Entity Common Stock Shares Outstanding		300,000,000
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	333-238872
Entity Incorporation State Country Code	DE
Entity Tax Identification Number	32-0619708
Entity Interactive Data Current	Yes
Entity Address Address Line 1	100 N. BarrancaSt. #1000
Entity Address City Or Town	West Covina
Entity Address State Or Province	CA
Entity Address Postal Zip Code	91791
City Area Code	917
Local Phone Number	675-3214

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Current Assets:
Initial deposit for acquisition agreement (Note 10)	$ 25,000	$ 25,000
Total Current Assets	25,000	25,000
Total Assets	25,000	25,000
Current Liabilities:
Accrued expenses (Note 6)	157,880	183,458
Due to related parties (Note 7)	444,282	353,082
Total Current Liabilities	602,162	536,540
Total Liabilities	602,162	536,540
Commitments and Contingencies (Note 9)	0	0
Shareholders' Equity:
Common stock, par value $0.0001, 750,000,000 shares authorized; 300,000,0000 shares and 0 shares issued and outstanding as of March 31, 2022 and December 31, 2021	30,000	30,000
Additional paid-in capital	0	0
Retained Earnings (Accumulated deficit)	(607,162)	(541,540)
Total Shareholders' Equity (Deficit)	(577,162)	(511,540)
Total Liabilities and Shareholders' Equity (Deficit)	25,000	25,000
Cash and cash equivalents	0	0
Noncurrent Liabilities
Accrued expenses	157,880	183,458
Pro Forma [Member]
Current Assets:
Initial deposit for acquisition agreement (Note 10)	0	0
Total Current Assets	88,226	101,132
Total Assets	142,606	159,476
Current Liabilities:
Accrued expenses (Note 6)	20,172	22,112
Total Current Liabilities	649,939	585,654
Total Liabilities	677,082	617,364
Commitments and Contingencies (Note 9)	0	0
Shareholders' Equity:
Common stock, par value $0.0001, 750,000,000 shares authorized; 300,000,0000 shares and 0 shares issued and outstanding as of March 31, 2022 and December 31, 2021	30,000	30,000
Additional paid-in capital	109,128	103,328
Retained Earnings (Accumulated deficit)	(673,604)	(591,216)
Total Shareholders' Equity (Deficit)	(534,476)	(457,888)
Total Liabilities and Shareholders' Equity (Deficit)	142,606	159,476
Cash and cash equivalents	50,255	50,971
Receivable from clearing organization	35,715	47,905
Contract security deposit	2,256	2,256
Right-of-use assets (Note B)	54,380	58,344
Total Noncurrent Assets	54,380	58,344
Accounts payable	368	368
Operating lease liabilities	27,237	26,634
Operating lease liabilities non current	27,143	31,710
Total Noncurrent Liabilities	27,143	31,710
Capital Stock, no par value, 100,000 shares authorized; 1,000 shares issued and outstanding	0	0
Noncurrent Liabilities
Accrued expenses	157,880	183,458
Due to related parties	444,282	353,082
Richfield Orion International, Inc. [Member]
Current Assets:
Total Current Assets	88,226	101,132
Total Assets	142,606	159,476
Current Liabilities:
Total Current Liabilities	47,777	49,114
Total Liabilities	74,920	80,824
Commitments and Contingencies (Note 9)	0	0
Shareholders' Equity:
Additional paid-in capital	81,539	75,739
Retained Earnings (Accumulated deficit)	(66,442)	(49,676)
Total Shareholders' Equity (Deficit)	67,686	78,652
Total Liabilities and Shareholders' Equity (Deficit)	142,606	159,476
Cash and cash equivalents	50,255	50,971
Receivable from clearing organization	17,764	17,826
Commissions receivable	17,951	30,079
Contract security deposit	2,256	2,256
Right-of-use assets (Note B)	54,380	58,344
Total Noncurrent Assets	54,380	58,344
Accounts payable	368	368
Commissions payable	20,172	22,112
Operating lease liabilities	27,237	26,634
Operating lease liabilities non current	27,143	31,710
Total Noncurrent Liabilities	27,143	31,710
Capital Stock, no par value, 100,000 shares authorized; 1,000 shares issued and outstanding	52,589	52,589
Richfield Orion International, Inc. [Member] | Pro Forma [Member]
Current Assets:
Initial deposit for acquisition agreement (Note 10)	0	0
Total Current Assets	88,226	101,132
Total Assets	142,606	159,476
Current Liabilities:
Accrued expenses (Note 6)	20,172	22,112
Total Current Liabilities	47,777	49,114
Total Liabilities	74,920	80,824
Commitments and Contingencies (Note 9)	0	0
Shareholders' Equity:
Common stock, par value $0.0001, 750,000,000 shares authorized; 300,000,0000 shares and 0 shares issued and outstanding as of March 31, 2022 and December 31, 2021	0	0
Additional paid-in capital	81,539	75,739
Retained Earnings (Accumulated deficit)	(66,442)	(49,676)
Total Shareholders' Equity (Deficit)	67,686	78,652
Total Liabilities and Shareholders' Equity (Deficit)	142,606	159,476
Cash and cash equivalents	50,255	50,971
Receivable from clearing organization	35,715	47,905
Contract security deposit	2,256	2,256
Right-of-use assets (Note B)	54,380	58,344
Total Noncurrent Assets	54,380	58,344
Accounts payable	368	368
Operating lease liabilities	27,237	26,634
Operating lease liabilities non current	27,143	31,710
Total Noncurrent Liabilities	27,143	31,710
Capital Stock, no par value, 100,000 shares authorized; 1,000 shares issued and outstanding	52,589	52,589
Noncurrent Liabilities
Accrued expenses	0	0
Due to related parties	0	0
Qmis Tbs Capital Group Corp [Member] | Pro Forma [Member]
Current Assets:
Initial deposit for acquisition agreement (Note 10)	25,000	25,000
Total Current Assets	25,000	25,000
Total Assets	25,000	25,000
Current Liabilities:
Accrued expenses (Note 6)	0	0
Due to related parties (Note 7)	444,282	353,082
Total Current Liabilities	602,162	536,540
Total Liabilities	602,162	536,540
Commitments and Contingencies (Note 9)	0	0
Shareholders' Equity:
Common stock, par value $0.0001, 750,000,000 shares authorized; 300,000,0000 shares and 0 shares issued and outstanding as of March 31, 2022 and December 31, 2021	30,000	30,000
Additional paid-in capital	0	0
Retained Earnings (Accumulated deficit)	(607,162)	(541,540)
Total Shareholders' Equity (Deficit)	(577,162)	(511,540)
Total Liabilities and Shareholders' Equity (Deficit)	25,000	25,000
Cash and cash equivalents	0	0
Receivable from clearing organization	0	0
Contract security deposit	0	0
Right-of-use assets (Note B)	0	0
Total Noncurrent Assets	0	0
Accounts payable	0	0
Operating lease liabilities	0	0
Operating lease liabilities non current	0	0
Total Noncurrent Liabilities	0	0
Current Liablilities
Accrued expenses (Note 6)	157,880	183,458
Pro Forma Adjustments [Member]
Current Assets:
Initial deposit for acquisition agreement (Note 10)	(25,000)	(25,000)
Shareholders' Equity:
Additional paid-in capital	52,589	52,589
Total Shareholders' Equity (Deficit)	(25,000)	(25,000)
Capital Stock, no par value, 100,000 shares authorized; 1,000 shares issued and outstanding	$ (52,589)	$ (52,589)

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	750,000,000	750,000,000
Common Stock, Shares, Issued	300,000,000	300,000,000
Common Stock, Shares, Outstanding	300,000,000	300,000,000
Richfield Orion International [Member]
Capital Stock, Shares Authorized	100,000	100,000
Capital Stock, Shares, Issued	1,000	1,000
Capital Stock, Shares, Outstanding	1,000	1,000
Capital Stock Stock, Par Value	$ 0	$ 0
Qmis Tbs Capital Group Corp [Member]
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	750,000,000	750,000,000
Common Stock, Shares, Issued	300,000,000	300,000,000
Common Stock, Shares, Outstanding	300,000,000	300,000,000
Capital Stock, Shares Authorized	100,000	100,000
Capital Stock, Shares, Issued	1,000	1,000
Capital Stock, Shares, Outstanding	1,000	1,000

STATEMENT OF OPERATIONS (Unaudi

STATEMENT OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Revenue
Sales	$ 0	$ 0
Cost of Goods Sold	0	0
Gross Profit	0	0
Operating Expenses
Management fees	20,000	0
Professional fees	43,563	35,305
Other general and administrative expenses	2,059	1,500
Total Operating Expenses	65,622	36,805
Loss from Operations	(65,622)	(36,805)
Loss before Provision for Income Tax	(65,622)	(36,805)
Provision for Income Tax	0	0
Net Loss	(65,622)	(36,805)
Other comprehensive income (loss)	0	0
Total comprehensive income (loss)	$ (65,622)	$ (36,805)
Basic and Fully Diluted Loss per Share	$ 0	$ 0
Weighted average shares outstanding	300,000,000	300,000,000
Richfield Orion International [Member]
Revenue
Sales	$ 78,569	$ 217,242
Operating Expenses
Professional fees	13,040	2,660
Total Operating Expenses	90,755	205,246
Loss from Operations	(12,186)	11,996
Loss before Provision for Income Tax	(12,186)	11,996
Provision for Income Tax	0	0
Net Loss	(12,186)	11,996
Other comprehensive income (loss)	$ 0	$ 0
Basic and Fully Diluted Loss per Share	$ (12.19)	$ 12
Weighted average shares outstanding	1,000	1,000
Direct commissions	$ 1,554	$ 1,445
Commissions and compensation	56,802	177,715
Ticket and trade fees	8,150	12,300
Occupancy	7,181	7,324
Regulatory fees	2,667	1,929
Technology and communications	1,928	1,689
Commissions from clearing account	77,015	215,797
Total comprehensive income (loss)	(12,186)	11,996
Other expenses	987	$ 1,629
Pro Forma [Member]
Revenue
Sales	217,242		$ 678,116
Operating Expenses
Management fees			65,000
Professional fees	46,223		269,436
Other general and administrative expenses	3,688		23,401
Total Operating Expenses	250,868		973,142
Loss from Operations	(33,626)		(295,026)
Loss before Provision for Income Tax	(33,626)		(295,026)
Provision for Income Tax	0		0
Net Loss	(33,626)		(295,026)
Other comprehensive income (loss)	$ 0		$ 0
Basic and Fully Diluted Loss per Share	$ 0		$ 0
Weighted average shares outstanding	300,000,000		300,000,000
Direct commissions	$ 1,445
Commissions and compensation	177,715		$ 518,821
Ticket and trade fees	12,300		43,600
Occupancy	7,324		29,702
Regulatory fees	1,929		17,853
Technology and communications	1,689		5,329
Commissions from clearing account	215,797		678,116
Total comprehensive income (loss)	(33,626)		(295,026)
Pro Forma [Member] | Qmis Tbs Capital Group Corp [Member]
Revenue
Sales	0		0
Operating Expenses
Management fees	20,000		65,000
Professional fees	43,563		253,526
Other general and administrative expenses	2,059		16,609
Total Operating Expenses	65,622		335,135
Loss from Operations	(65,622)		(335,135)
Loss before Provision for Income Tax	(65,622)		(335,135)
Provision for Income Tax	0		0
Net Loss	(65,622)		(335,135)
Other comprehensive income (loss)	0		0
Direct commissions	0		0
Commissions and compensation	0		0
Ticket and trade fees	0		0
Occupancy	0		0
Regulatory fees	0		0
Technology and communications	0		0
Commissions from clearing account	0
Total comprehensive income (loss)	(65,622)		(335,135)
Pro Forma [Member] | Richfield Orion International, Inc. [Member]
Revenue
Sales	217,242		678,116
Operating Expenses
Management fees			0
Professional fees	2,660		15,910
Other general and administrative expenses	1,629		6,792
Total Operating Expenses	205,246		638,007
Loss from Operations	11,996		40,109
Loss before Provision for Income Tax	11,996		40,109
Provision for Income Tax	0		0
Net Loss	11,996		40,109
Other comprehensive income (loss)	0		0
Direct commissions	1,445		678,116
Commissions and compensation	177,715		518,821
Ticket and trade fees	12,300		43,600
Occupancy	7,324		29,702
Regulatory fees	1,929		17,853
Technology and communications	1,689		5,329
Commissions from clearing account	215,797
Total comprehensive income (loss)	$ 11,996		$ 40,109

STATEMENT OF CHANGES IN SHAREHO

STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)	Total	Common Stock	Richfield Orion International, Common Stock [Member]	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)	Richfield Orion International, Additional Paid-in Capital [Member]	Richfield Orion International, Retained Earnings (Accumulated Deficit) [Member]	Richfield Orion International, Total [Member]
Balance, shares at Dec. 31, 2020		300,000,000	1,000
Balance, amount at Dec. 31, 2020	$ (176,405)	$ 300,000,000	$ 52,589	$ 0	$ (206,405)	$ 62,482	$ (50,860)	$ 64,211
Net income	(36,805)	$ 0	0	0	(36,805)	11,996		11,996
Distributions							(11,825)	(11,825)
Contributions			$ 74,478
Balance, shares at Mar. 31, 2021		300,000,000	1,000
Balance, amount at Mar. 31, 2021	(213,210)	$ 300,000,000	$ 52,589	0	(243,210)	74,478	(62,685)	64,382
Balance, shares at Dec. 31, 2020		300,000,000	1,000
Balance, amount at Dec. 31, 2020	(176,405)	$ 300,000,000	$ 52,589	0	(206,405)	62,482	(50,860)	64,211
Balance, shares at Dec. 31, 2021		300,000,000	1,000
Balance, amount at Dec. 31, 2021	(511,540)	$ 300,000,000	$ 52,589	0	(541,540)	75,739	(49,676)	78,652
Net income	(65,622)	$ 0	$ 0	0	(65,622)	0	(12,186)	(12,186)
Distributions							(4,580)	(4,580)
Contributions	5,800
Balance, shares at Mar. 31, 2022		300,000,000	1,000
Balance, amount at Mar. 31, 2022	$ (577,162)	$ 300,000,000	$ 52,589	$ 0	$ (607,162)	$ 81,539	$ (66,442)	$ 67,686

STATEMENT OF CASH FLOWS (Unaudi

STATEMENT OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Cash Flows from Operating Activities
Net loss	$ (65,622)	$ (36,805)
Changes in operating assets and liabilities
Increase/(Decrease) in accrued expenses	25,578	8,670
Net cash used by operating activities	(91,200)	(45,475)
Cash Flows from Investing Activities
Initial deposit for acquisition agreement	0	0
Net cash provided (used) by investing activities	0	0
Cash Flows from Financing Activities
Proceeds from related parties	91,200	45,475
Net cash provided (used) by financing activities	91,200	45,475
Increase (decrease) in cash	0	0
Cash at beginning of period	0	0	$ 0
Cash at end of period	0	0	0
Cash paid during the year for:
Interest	0	0
Income tax	0	0
Richfield Orion International [Member]
Cash Flows from Operating Activities
Net loss	(12,186)	11,996
Changes in operating assets and liabilities
Net cash used by operating activities	(1,936)	15,035
Cash Flows from Investing Activities
Net cash provided (used) by investing activities	0	0
Cash Flows from Financing Activities
Net cash provided (used) by financing activities	1,220	(11,825)
Increase (decrease) in cash	(716)	3,210
Cash paid during the year for:
Interest	0	0
Income tax	0	0
(Increase)/Decrease in broker receivable	12,190	12,319
Increase/(Decrease) in commissions payable	(1,940)	(9,280)
Member contribution	5,800	0
Member withdrawals	(4,580)	(11,825)
Cash at beginning of period	50,971	49,940	49,940
Cash at end of period	$ 50,255	$ 53,150	$ 50,971

ORGANIZATION AND BUSINESS BACKG

ORGANIZATION AND BUSINESS BACKGROUND	3 Months Ended
	Mar. 31, 2022
ORGANIZATION AND BUSINESS BACKGROUND
ORGANIZATION AND BUSINESS BACKGROUND	Note 1-ORGANIZATION AND BUSINESS BACKGROUND QMIS TBS Capital Group Corp. (the “Company”) was incorporated in the state of Delaware on November 21, 2019, under the name TBS Capital Management Group Corp. The name was changed to QMIS TBS Capital Group Corp. on February 10, 2020. The Company plans to engage in the business of providing financial services.

CONTROL BY PRINCIPAL OWNERS

CONTROL BY PRINCIPAL OWNERS	3 Months Ended
	Mar. 31, 2022
CONTROL BY PRINCIPAL OWNERS
CONTROL BY PRINCIPAL OWNERS	Note 2-CONTROL BY PRINCIPAL OWNERS The directors and executive officers own, directly or indirectly, beneficially and in the aggregate, the majority of the voting power of the outstanding capital of the Company. Accordingly, directors, executive officers and their affiliates, if they voted their shares uniformly, would have the ability to control the approval of most corporate actions, including approving significant expenses, increasing the authorized capital and the dissolution, merger, or sale of the Company’s assets.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Mar. 31, 2022
GOING CONCERN
GOING CONCERN	Note 3-GOING CONCERN The financial statements have been prepared assuming that the Company will continue as a going concern. The Company incurred net losses of $65,622 and $36,805 for the three months ended March 31, 2022 and 2021, respectively. In addition, the Company had stockholders’ deficit of $577,162 and $511,540 at March 31, 2022 and December 31, 2021, respectively. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management believes that the Company’s capital requirements will depend on many factors including the success of the Company’s development efforts and the Company’s efforts to raise capital. Management also believes the Company needs to raise additional capital for working purposes. There is no assurance that such financing will be available in the future. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
ORGANIZATION AND BUSINESS BACKGROUND
SIGNIFICANT ACCOUNTING POLICIES	Note 4-SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation Use of Estimates The preparation of financial statements in conformity with US 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 revenue and expenses during the reporting period. Actual results when ultimately realized could differ from those estimates. Concentrations of Credit Risk Financial instruments that subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents. The Company maintains its cash and cash equivalents with high-quality institutions. Deposits held with banks may not be insured or exceed the amount of insurance provided on such deposits. Generally these deposits may be redeemed upon demand and therefore bear minimal risk. Valuation of Long-Lived assets “Long-lived assets and certain identifiable intangibles are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. Revenue Recognition The Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, which requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies the performance obligation. Related Parties The Company adopted FASB ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, deposits in banks with maturities of three months or less, and all highly liquid investments that are unrestricted as to withdrawal or use, and which have original maturities of three months or less. Property, Plant, and Equipment Property, plant, and equipment are carried at cost. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets without residual value. The percentages or depreciable life applied are: Office equipment and furniture 5 years Fair Value of Measurements The Company adopted FASB ASC 820 “Fair Value Measurements,” which defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Additionally, the inputs used to measure fair value are prioritized based on a three-level hierarchy. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2: Input other than quoted market prices that are observable, either directly or indirectly, and reasonably available. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the Company. Level 3: Unobservable inputs. Unobservable inputs reflect the assumptions that the Company develops based on available information about what market participants would use in valuing the asset or liability. An asset or liability’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Availability of observable inputs can vary and is affected by a variety of factors. The Company uses judgment in determining fair value of assets and liabilities, and Level 3 assets and liabilities involve greater judgment than Level 1 and Level 2 assets or liabilities. As of the balance sheet date, the estimated fair values of the financial instruments approximated their fair values due to the short-term nature of these instruments. Advertising Costs The Company expenses advertising costs as incurred or the first time the advertising takes place, whichever is earlier, in accordance with the FASB ASC 720-35, “Advertising Costs.” The advertising costs were immaterial for the three months ended March 31, 2022 and 2021. Research and Development Costs Research and development costs relating to the development of new products and processes, including significant improvements and refinements to existing products, are expensed when incurred in accordance with the FASB ASC 730, “Research and Development.” Research and development costs were immaterial for the three months ended March 31, 2022 and 2021. Comprehensive Income FASB ASC 220, “Comprehensive Income,” establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income as defined includes all changes in equity during a period from non-owner sources. Accumulated comprehensive income, as presented in the accompanying statements of changes in owners’ equity consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income is not included in the computation of income tax expense or benefit. Segment Reporting FASB ASC 820, “Segments Reporting,” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about geographical areas, business segments and major customers in financial statements. The Company currently operates in one principal business segment. Earnings (Loss) Per Share The Company reports earnings per share in accordance with FASB ASC 260, “Earnings Per Share,” which requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings (loss) per share is computed by dividing income (loss) available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. There were no potentially dilutive securities outstanding (options and warrants) for the three months ended March 31, 2022 and 2021. Income Taxes The Company accounts for income tax in accordance with FASB ASC 740-10-25, which requires the asset and liability approach for financial accounting and reporting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to 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. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance related to deferred tax assets is recorded when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company has accumulated deficit in its operation. Because there is no certainty that the Company will realize taxable income in the future, the Company did not record any deferred tax benefit as a result of these losses. The Company adopted FASB ASC 740-10-30, which clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements. The FASB guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The FASB guidance also provides guidance on de-recognition of tax benefits, classification on the balance sheet, interest and penalties, accounting in interim periods, disclosure, and transition. In accordance with the FASB guidance, the Company performed a self-assessment and concluded that there were no significant uncertain tax positions requiring recognition in its financial statements. The Company accounts for income taxes in interim periods in accordance with FASB ASC 740-270, “Interim Reporting.” The Company has determined an estimated annual effective tax rate. The rate will be revised, if necessary, as of the end of each successive interim period during the Company’s fiscal year to its best current estimate. The estimated annual effective tax rate is applied to the year-to-date ordinary income (or loss) at the end of the interim period. Recent Accounting Pronouncements The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position, or cash flow.

CAPITAL STOCK

CAPITAL STOCK	3 Months Ended
	Mar. 31, 2022
CAPITAL STOCK
CAPITAL STOCK	Note 5-CAPITAL STOCK Authorized Capital On the date of incorporation, the Company is authorized to issue 750,000,000 shares of common stock, par value $0.0001 per share. On October 7, 2020, the Company amended its Certificate of Incorporation to be authorized to issue 760,000,000 shares of stock, consisting of 750,000,000 shares of common stock having a par value of $0.0001 per share, and 10,000,000 shares of preferred stock having a par value of $0.0001 per share. Issuance of Common Stock On February 12, 2020, 300,000,000 shares of common stock were issued at par value $0.0001 per share to three directors as director fees, totaling $30,000. Capital Stock Issued and Outstanding As of March 31, 2022, and December 31, 2021, 300,000,000 shares of common stock were issued and outstanding, and no shares of preferred stock were issued and outstanding.

ACCRUED EXPENSES

ACCRUED EXPENSES	3 Months Ended
	Mar. 31, 2022
ACCRUED EXPENSES
ACCRUED EXPENSES	Note 6-ACCRUED EXPENSES The accrued expenses included mostly the professional service fees related to the Company’s efforts of going public. The professional service fees amounted to $43,563 and $35,305 for the three months ended March 31, 2022 and 2021, respectively. The accrued expenses were $157,880 and $183,458 as of March 31, 2022 and December 31, 2021, respectively.

DUE TO RELATED PARTIES

DUE TO RELATED PARTIES	3 Months Ended
	Mar. 31, 2022
DUE TO RELATED PARTIES
DUE TO RELATED PARTIES	Note 7-DUE TO RELATED PARTIES Due to related parties consists of the following: March 31, December 31, 2022 2021 (Unaudited) Dr. Yung Kong Chin, CEO $ 442,523 $ 351,323 Dr. Timo Strattner, director 1,759 1,759 Total $ 444,282 $ 353,082 Due to related parties represent temporally short-term loans from Dr. Yung Kong Chin, the Company’s CEO, and Dr. Timo Strattner, the Company’s director, to finance the Company’s operation due to lack of cash resources. There are no written loan agreements for these loans. These loans are unsecured, non-interest bearing and have no fixed terms of repayment, and therefore, deemed payable on demand. Cash flows from due to related parties are classified as cash flows from financing activities. The Company borrowed $91,200 from Dr. Chin for the three months ended March 31, 2022.

OFFICE RENTAL EXPENSE

OFFICE RENTAL EXPENSE	3 Months Ended
	Mar. 31, 2022
OFFICE RENTAL EXPENSE
OFFICE RENTAL EXPENSE	Note 8-OFFICE RENTAL EXPENSE From time to time, the Company’s officers provide office space to the Company for free. However, the Company has not reached a formal lease agreement with any officer as of the date of this filing. The office rental expenses were $0 for the three months ended March 31, 2022 and 2021.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2022
COMMITMENTS AND CONTINGENCIES	Note 9-COMMITMENTS AND CONTINGENCIES The Company adopted ASC 450-20, Loss Contingencies, to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.
Richfield Orion International [Member]
COMMITMENTS AND CONTINGENCIES	Note G-Commitments and Contingencies Included in Richfield’s clearing agreement with its clearing broker-dealer is an indemnification clause. This clause related to instances where Richfield’s customers fail to settle security transactions. In the event this occurs, Richfield will indemnify the clearing broker-dealer to the extent of the net loss on the unsettled date. At March 31, 2022, management of Richfield has not been notified by the clearing broker-dealer, nor were they otherwise aware of any potential losses relating to this indemnification.

INITIAL DEPOSIT FOR ACQUISITION

INITIAL DEPOSIT FOR ACQUISITION AGREEMENT	3 Months Ended
	Mar. 31, 2022
INITIAL DEPOSIT FOR ACQUISITION AGREEMENT
INITIAL DEPOSIT FOR ACQUISITION AGREEMENT	Note 10-INITIAL DEPOSIT FOR ACQUISITION AGREEMENT On April 30, 2020, the Company entered into a Broker/Dealer Purchase Agreement (the “Agreement”) with Richfield Orion International, LLC (the “Seller”), a Colorado Limited liability company, the sole owner of Richfield Orion International, Inc. (“Richfield”), a Colorado corporation. Pursuant to the Agreement, the Company acquired 100% equity ownership of Richfield for $75,000. Richfield is engaged in business as a broker-dealer registered with the U.S. Securities and Exchange Commission (“SEC”) and with the Financial Industry Regulatory Authority (“FINRA”) The Company has paid $25,000 as an initial deposit per the Agreement, via loan from Dr. Yung Kong Chin, the Company’s CEO. The balance of the purchase price will be due on the final closing upon the receipt of the acceptance by FINRA of the Amended Member Agreement wherein the Company is acknowledged by FINRA as the sole owner of Richfield. In the event that FINRA should deny the acceptance of the Company as sole owner of Richfield, the Agreement shall immediately lapse. If the Agreement is null and void, funds that may have been previously paid to Seller in payment any interest or work on this Agreement shall default to Seller. The Management believes it is extremely difficult to estimate the timing of the review and approval by FINRA. Since the consummation of the acquisition has not yet occurred and accordingly, the Company does not consolidate Richfield’s financial data into its financial statements.

CONVERTIBLE PROMISSORY NOTE

CONVERTIBLE PROMISSORY NOTE	3 Months Ended
	Mar. 31, 2022
CONVERTIBLE PROMISSORY NOTE
CONVERTIBLE PROMISSORY NOTE	Note 11-CONVERTIBLE PROMISSORY NOTE On October 30, 2020, the Company entered into an agreement to issue a convertible promissory note (the “Note”) in the principal amount of one million five hundred thousand dollars ($1,500,000), to the Chairman of the Board and CEO, Dr. Yung Kong Chin. The Company will pay interest from the date of issuance of the Note on the unpaid principal balance at the annual rate of interest equal to eight percentage (8%) per six months, such principal and interest to be payable on demand. The Note is a general unsecured obligation of the Company. At any time, the unpaid principal amount of the Note and any unpaid interest accrued thereon can be converted into the Company’s common stock at $1.50 per share. However, the Note has not been issued and no fund has been made to the Company at the date of this report. The Company and Dr. Chin anticipate that the Note will be issued in the second quarter of 2022.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Note A - Summary of Significant Accounting Policies	Note 4-SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation Use of Estimates The preparation of financial statements in conformity with US 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 revenue and expenses during the reporting period. Actual results when ultimately realized could differ from those estimates. Concentrations of Credit Risk Financial instruments that subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents. The Company maintains its cash and cash equivalents with high-quality institutions. Deposits held with banks may not be insured or exceed the amount of insurance provided on such deposits. Generally these deposits may be redeemed upon demand and therefore bear minimal risk. Valuation of Long-Lived assets “Long-lived assets and certain identifiable intangibles are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. Revenue Recognition The Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, which requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies the performance obligation. Related Parties The Company adopted FASB ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, deposits in banks with maturities of three months or less, and all highly liquid investments that are unrestricted as to withdrawal or use, and which have original maturities of three months or less. Property, Plant, and Equipment Property, plant, and equipment are carried at cost. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets without residual value. The percentages or depreciable life applied are: Office equipment and furniture 5 years Fair Value of Measurements The Company adopted FASB ASC 820 “Fair Value Measurements,” which defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Additionally, the inputs used to measure fair value are prioritized based on a three-level hierarchy. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2: Input other than quoted market prices that are observable, either directly or indirectly, and reasonably available. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the Company. Level 3: Unobservable inputs. Unobservable inputs reflect the assumptions that the Company develops based on available information about what market participants would use in valuing the asset or liability. An asset or liability’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Availability of observable inputs can vary and is affected by a variety of factors. The Company uses judgment in determining fair value of assets and liabilities, and Level 3 assets and liabilities involve greater judgment than Level 1 and Level 2 assets or liabilities. As of the balance sheet date, the estimated fair values of the financial instruments approximated their fair values due to the short-term nature of these instruments. Advertising Costs The Company expenses advertising costs as incurred or the first time the advertising takes place, whichever is earlier, in accordance with the FASB ASC 720-35, “Advertising Costs.” The advertising costs were immaterial for the three months ended March 31, 2022 and 2021. Research and Development Costs Research and development costs relating to the development of new products and processes, including significant improvements and refinements to existing products, are expensed when incurred in accordance with the FASB ASC 730, “Research and Development.” Research and development costs were immaterial for the three months ended March 31, 2022 and 2021. Comprehensive Income FASB ASC 220, “Comprehensive Income,” establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income as defined includes all changes in equity during a period from non-owner sources. Accumulated comprehensive income, as presented in the accompanying statements of changes in owners’ equity consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income is not included in the computation of income tax expense or benefit. Segment Reporting FASB ASC 820, “Segments Reporting,” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about geographical areas, business segments and major customers in financial statements. The Company currently operates in one principal business segment. Earnings (Loss) Per Share The Company reports earnings per share in accordance with FASB ASC 260, “Earnings Per Share,” which requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings (loss) per share is computed by dividing income (loss) available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. There were no potentially dilutive securities outstanding (options and warrants) for the three months ended March 31, 2022 and 2021. Income Taxes The Company accounts for income tax in accordance with FASB ASC 740-10-25, which requires the asset and liability approach for financial accounting and reporting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to 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. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance related to deferred tax assets is recorded when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company has accumulated deficit in its operation. Because there is no certainty that the Company will realize taxable income in the future, the Company did not record any deferred tax benefit as a result of these losses. The Company adopted FASB ASC 740-10-30, which clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements. The FASB guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The FASB guidance also provides guidance on de-recognition of tax benefits, classification on the balance sheet, interest and penalties, accounting in interim periods, disclosure, and transition. In accordance with the FASB guidance, the Company performed a self-assessment and concluded that there were no significant uncertain tax positions requiring recognition in its financial statements. The Company accounts for income taxes in interim periods in accordance with FASB ASC 740-270, “Interim Reporting.” The Company has determined an estimated annual effective tax rate. The rate will be revised, if necessary, as of the end of each successive interim period during the Company’s fiscal year to its best current estimate. The estimated annual effective tax rate is applied to the year-to-date ordinary income (or loss) at the end of the interim period. Recent Accounting Pronouncements The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position, or cash flow.
Richfield Orion International [Member]
Note A - Summary of Significant Accounting Policies	Note A-Summary of Significant Accounting Policies The summary of significant accounting policies of Richfield Orion International, Inc. is presented to assist in understanding of Richfield’s financial statements. The financial statements and notes are representations of Richfield’s management, who is responsible for their integrity and objectivity. Basis of Presentation The financial statements were prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. Richfield’s management believes that the following disclosures are adequate to make the information presented not misleading. These financial statements should be read in conjunction with the annual financial statements. The financial statements reflect all adjustments, consisting only of normal recurring adjustments that, in the opinion of Management, are necessary to present fairly the financial position, results of operations, and cash flows of Richfield for the periods presented. Operating results for the three months ended March 31, 2022, are not necessarily indicative of the results that may be expected for the years ending December 31, 2022. Organization Richfield was incorporated on September 1, 1998 under the laws of the State of Colorado. Description of Business Richfield, located in Castle Rock, CO is a broker and dealer in securities registered with the Securities and Exchange Commission (SEC). Richfield is a member of Financial Industry Regulatory Authority, Inc. (FINRA) and the Municipal Securities Rule Making Board. Richfield is engaged in sale of private placements and alternative investments for which it receives a fee and the facilitation of securities transactions of which it receives commissions. Method of Accounting Richfield’s policy is to prepare its financial statements on the accrual basis of accounting, and accordingly, reflect all significant receivables, payables, and other liabilities. Cash and Cash Equivalents Richfield considers as cash all short-term investments with an original maturity of three months or less to be cash equivalents. Broker Receivable Richfield monitors and makes allowances for the provision of doubtful accounts where it feels it is justified and warranted. At period end, based upon historical experience with Richfield’s Broker and subsequent events, no allowance for doubtful accounts was required. Revenue Recognition Richfield adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, which requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that Richfield (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) Richfield satisfies the performance obligation. Commission revenues are recorded by Richfield when earned on trade date basis. Use of Estimates The presentation 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 amounts of revenues and expenses during the reported period. Accordingly, actual results could differ from those estimates. Fair Value of Financial Instruments Financial instruments that are subject to fair value disclosure requirements are carried in the financial statements at an amount that approximates fair value and includes cash and cash equivalents. Fair values are based on quoted market prices and assumptions concerning the amounts and timing of estimated future cash flows and assumed discount rates reflecting varying degrees of perceived risk. Fair Value Measurements and Disclosures Richfield adopted ASC 820 “Fair Value Measurements,” which defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows: Level 1: inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2: inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liabilities, either directly or indirectly, for substantially the full term of the financial instruments. Level 3: inputs to the valuation methodology are unobservable and significant to the fair value. Financial instruments include cash, receivables, accounts payable and accrued expenses. The carrying values of these financial instruments approximate their fair values due to the short-term maturities of these instruments. Subsequent Events Richfield has evaluated events subsequent to the balance sheet date for items requiring recording or disclosure in the financial statements. The evaluation was performed through the date when the financial statements were available to be issued. Based upon this review, Richfield has determined that there were no events which took place that would have a material impact on its financial statements.

Lease

Lease	3 Months Ended
	Mar. 31, 2022
Richfield Orion International [Member]
Note B - Lease	Note B-Lease Richfield recognizes and measures its leases in accordance with FASB ASC 842, Leases. Richfield is a lessee in a noncancelable operating lease for office space. Richfield determines if an arrangement is a lease or contains a lease, at inception of a contract and when terms of an existing contract are changed. Richfield recognizes a lease liability and a right of use asset at the commencement date of the lease. The lease liability is initially and subsequently recognized based on the present value of its future lease payments. Variable payments depend on an index or a rate. The discount rate is the implicit rate if it is readily determinable or otherwise Richfield uses its incremental borrowing rate. The implicit rates of Richfield’s leases are not readily determinable and accordingly, Richfield uses its incremental borrowing rate based on the information available at the date for all leases. Richfield’s incremental borrowing rate for a lease is the rate of interest it would have to pay on a collateralized basis to borrow and amount equal to the lease payments under similar terms and in a similar economic environment. The ROU asset is subsequently measured throughout the lease term at the amount of the remeasured lease liability (i.e., present value of the remaining lease payments), plus unamortized initial direct costs, plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of lease incentives received, and any impairment recognized. Lease cost for these lease payments is recognized on a straight-line basis over the lease term. Richfield has elected, for all underlying classes of assets, to not recognize ROU assets and lease liabilities for short-term leases that have a lease term of 12 months or less at lease commencement, and do not include an option to purchase the underlying asset that Richfield is reasonably certain to exercise. Richfield recognizes lease cost associated with its short-term leases on a straight-line basis over the lease term. The components of lease cost for the three months ended March 31, 2022 and 2021, were as follows: For the Three Months Ended March 31, 2022 2021 (unaudited) (unaudited) Operating lease cost $ 7,181 $ 7,324 Variable lease cost - - Short term lease cost - - Total lease cost $ 7,181 $ 7,324 Amounts reported in the balance sheets as follows: Operating leases March 31, December 31, 2022 2021 (unaudited) Operating lease ROU assets $ 54,380 $ 58,344 Operating lease liabilities $ 54,380 $ 58,344

Net Capital Requirements

Net Capital Requirements	3 Months Ended
	Mar. 31, 2022
Richfield Orion International [Member]
Note D - Net Capital Requirements	Note D-Net Capital Requirements Pursuant to the net capital provisions of Rule 15c3-1 of the Securities and Exchange Act of 1934, Richfield is required to maintain a minimum net capital of $5,000, as defined under such provisions. Net Capital and the related net capital ratio may fluctuate on a daily basis. On December 31, 2021, net capital was $76,396 leaving excess net capital of $71,396, and 0.29 to 1 aggregated indebtedness. On March 31, 2022, Net Capital was $65,430 leaving excess net capital of $60,430, and 0.31 to 1 aggregated indebtedness.

Possession or Control Requireme

Possession or Control Requirements	3 Months Ended
	Mar. 31, 2022
Richfield Orion International [Member]
Note E - Possession or Control Requirements	Note E-Possession or Control Requirements Richfield does not have any possession or control of customer’s funds or securities. There were no material inadequacies in the procedures followed in adhering to the exemptive provisions of SEC Rule 15c3-3(k)(ii) by promptly transmitting all customer funds to the clearing broker who carries the customer accounts.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	3 Months Ended
	Mar. 31, 2022
Richfield Orion International [Member]
Note F - Recently Issued Accounting Pronouncements	Note F-Recently Issued Accounting Pronouncements Richfield does not expect the adoption of recently issued accounting pronouncements to have a significant impact on Richfield’s results of operations, financial position, or cash flow.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Richfield Orion International [Member]
Note H - Income Taxes	Note H-Income Taxes Richfield with the consent of its shareholder, has elected under the Internal Revenue Code to be an S-Corp for both federal and state income tax purposes. In lieu of corporate income taxes the shareholders of an S-corporation are taxed on their share of Richfield’s taxable income. Therefore, no provisions or liability for the federal or state income taxes has been included in financial statements. Richfield has adopted provisions of FASB Accounting Standards Codification 740-10, Accounting for Uncertainty in Income Taxes. Under ACS 740-10, Richfield is required to evaluate each of its tax positions to determine if they are more likely than not to be sustained if the taxing authority examines the respective positions. A tax position includes an entity’s status including its status as a pass-through entity and the decision to not file a tax return. Richfield has evaluated each of its tax positions and determined that no provision for liability for income tax positions and determined that no provision for liability for income taxes is necessary.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2022
Pro Forma [Member]
Note 1 - BASIS OF PRESENTATION	Note 1-BASIS OF PRESENTATION On April 30, 2020, QMIS TBS Capital Group Corp. (the “Company”) entered into a Broker/Dealer Purchase Agreement (the “Agreement”) with Richfield Orion International, LLC (the “Seller”), a Colorado Limited liability company, the sole owner of Richfield Orion International, Inc. (“Richfield”), a Colorado corporation. Pursuant to the Agreement, the Company acquired 100% equity ownership of Richfield for $75,000. Richfield is engaged in business as a broker-dealer registered with the U.S. Securities and Exchange Commission (“SEC”) and with the Financial Industry Regulatory Authority (“FINRA”) The Company has paid $25,000 as an initial deposit per the Agreement. The balance of the purchase price will be due on the final closing upon the receipt of the acceptance by FINRA of the Amended Member Agreement wherein the Company is acknowledged by FINRA as the sole owner of Richfield. In the event that FINRA should deny the acceptance of the Company as sole owner of Richfield, the Agreement shall immediately lapse. If the Agreement is null and void, funds that may have been previously paid to Seller in payment any interest or work on this Agreement shall default to Seller. The Management believes it is extremely difficult to estimate the timing of the review and approval by FINRA. Since the consummation of the acquisition has not yet occurred and accordingly, the Company does not consolidate Richfield’s financial data into its financial statements. The accompanying unaudited pro forma condensed consolidated balance sheets and the unaudited pro forma condensed consolidated statements of operations have been prepared assuming the acquisition had occurred at the beginning of the period presented. The unaudited pro forma condensed consolidated financial statements do not necessarily represent the actual results that would have been achieved had the acquisition taken place at the beginning of the period presented, nor may they be indicative of future operations. These unaudited pro forma condensed financial statements should be read in conjunction with the companies’ respective historical financial statements and notes included thereto.

PRO FORMA ASSUMPTIONS AND ADJUS

PRO FORMA ASSUMPTIONS AND ADJUSTMENTS - Pro Forma [Member] - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Right-of-use assets (Note B)	$ 54,380	$ 58,344
Total Noncurrent Assets	$ 54,380	58,344
Noncurrent Assets
Note 2 - PRO FORMA ASSUMPTIONS AND ADJUSTMENTS	Note 2-PRO FORMA ASSUMPTIONS AND ADJUSTMENTS (a) The adjustments were made to reflect the capital structure of the parent company. (b) The adjustments were made to adjust the initial deposit for acquisition of Richfield, which was paid to Richfield’s sole shareholder.
Qmis Tbs Capital Group Corp [Member]
Right-of-use assets (Note B)	$ 0	0
Total Noncurrent Assets	$ 0	$ 0

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2022
ORGANIZATION AND BUSINESS BACKGROUND
Basis of Presentation	The financial statements were prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. Richfield’s management believes that the following disclosures are adequate to make the information presented not misleading. These financial statements should be read in conjunction with the annual financial statements. The financial statements reflect all adjustments, consisting only of normal recurring adjustments that, in the opinion of Management, are necessary to present fairly the financial position, results of operations, and cash flows of Richfield for the periods presented. Operating results for the three months ended March 31, 2022, are not necessarily indicative of the results that may be expected for the years ending December 31, 2022.
Use of Estimates	The preparation of financial statements in conformity with US 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 revenue and expenses during the reporting period. Actual results when ultimately realized could differ from those estimates.
Concentrations of Credit Risk	Financial instruments that subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents. The Company maintains its cash and cash equivalents with high-quality institutions. Deposits held with banks may not be insured or exceed the amount of insurance provided on such deposits. Generally these deposits may be redeemed upon demand and therefore bear minimal risk.
Valuation of Long-Lived assets	“Long-lived assets and certain identifiable intangibles are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.
Revenue Recognition	The Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, which requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies the performance obligation.
Related Parties	The Company adopted FASB ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions.
Cash and Cash Equivalents	Cash and cash equivalents include cash on hand, deposits in banks with maturities of three months or less, and all highly liquid investments that are unrestricted as to withdrawal or use, and which have original maturities of three months or less.
Property, Plant, and Equipment	Property, plant, and equipment are carried at cost. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets without residual value. The percentages or depreciable life applied are: Office equipment and furniture 5 years
Fair Value of Measurements	The Company adopted FASB ASC 820 “Fair Value Measurements,” which defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Additionally, the inputs used to measure fair value are prioritized based on a three-level hierarchy. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2: Input other than quoted market prices that are observable, either directly or indirectly, and reasonably available. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the Company. Level 3: Unobservable inputs. Unobservable inputs reflect the assumptions that the Company develops based on available information about what market participants would use in valuing the asset or liability. An asset or liability’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Availability of observable inputs can vary and is affected by a variety of factors. The Company uses judgment in determining fair value of assets and liabilities, and Level 3 assets and liabilities involve greater judgment than Level 1 and Level 2 assets or liabilities. As of the balance sheet date, the estimated fair values of the financial instruments approximated their fair values due to the short-term nature of these instruments.
Advertising Costs	The Company expenses advertising costs as incurred or the first time the advertising takes place, whichever is earlier, in accordance with the FASB ASC 720-35, “Advertising Costs.” The advertising costs were immaterial for the three months ended March 31, 2022 and 2021.
Research and Development Costs	Research and development costs relating to the development of new products and processes, including significant improvements and refinements to existing products, are expensed when incurred in accordance with the FASB ASC 730, “Research and Development.” Research and development costs were immaterial for the three months ended March 31, 2022 and 2021.
Comprehensive Income	FASB ASC 220, “Comprehensive Income,” establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income as defined includes all changes in equity during a period from non-owner sources. Accumulated comprehensive income, as presented in the accompanying statements of changes in owners’ equity consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income is not included in the computation of income tax expense or benefit.
Segment Reporting	FASB ASC 820, “Segments Reporting,” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about geographical areas, business segments and major customers in financial statements. The Company currently operates in one principal business segment.
Earnings (Loss) Per Share	The Company reports earnings per share in accordance with FASB ASC 260, “Earnings Per Share,” which requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings (loss) per share is computed by dividing income (loss) available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. There were no potentially dilutive securities outstanding (options and warrants) for the three months ended March 31, 2022 and 2021.
Income Taxes	The Company accounts for income tax in accordance with FASB ASC 740-10-25, which requires the asset and liability approach for financial accounting and reporting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to 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. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance related to deferred tax assets is recorded when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company has accumulated deficit in its operation. Because there is no certainty that the Company will realize taxable income in the future, the Company did not record any deferred tax benefit as a result of these losses. The Company adopted FASB ASC 740-10-30, which clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements. The FASB guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The FASB guidance also provides guidance on de-recognition of tax benefits, classification on the balance sheet, interest and penalties, accounting in interim periods, disclosure, and transition. In accordance with the FASB guidance, the Company performed a self-assessment and concluded that there were no significant uncertain tax positions requiring recognition in its financial statements. The Company accounts for income taxes in interim periods in accordance with FASB ASC 740-270, “Interim Reporting.” The Company has determined an estimated annual effective tax rate. The rate will be revised, if necessary, as of the end of each successive interim period during the Company’s fiscal year to its best current estimate. The estimated annual effective tax rate is applied to the year-to-date ordinary income (or loss) at the end of the interim period.
Recent Accounting Pronouncements	The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position, or cash flow.

Lease (Tables)

Lease (Tables) - Richfield Orion International [Member]	3 Months Ended
	Mar. 31, 2022
Schedule of lease cost	For the Three Months Ended March 31, 2022 2021 (unaudited) (unaudited) Operating lease cost $ 7,181 $ 7,324 Variable lease cost - - Short term lease cost - - Total lease cost $ 7,181 $ 7,324
Schedule of operating leases	March 31, December 31, 2022 2021 (unaudited) Operating lease ROU assets $ 54,380 $ 58,344 Operating lease liabilities $ 54,380 $ 58,344

DUE TO RELATED PARTIES (Tables)

DUE TO RELATED PARTIES (Tables)	3 Months Ended
	Mar. 31, 2022
DUE TO RELATED PARTIES
Schedule of due to related parties	March 31, December 31, 2022 2021 (Unaudited) Dr. Yung Kong Chin, CEO $ 442,523 $ 351,323 Dr. Timo Strattner, director 1,759 1,759 Total $ 444,282 $ 353,082

CONVERTIBLE PROMISSORY NOTE (De

CONVERTIBLE PROMISSORY NOTE (Details Narrative)	1 Months Ended
	Oct. 30, 2020USD ($)$ / shares
CONVERTIBLE PROMISSORY NOTE (Details Narrative)
Convertible principal amount | $	$ 1,500,000
Convertible principal percentage	8.00%
Common stock share price | $ / shares	$ 1.50

INITIAL DEPOSIT FOR ACQUISITI_2

INITIAL DEPOSIT FOR ACQUISITION AGREEMENT (Details Narrative)	Apr. 30, 2020USD ($)
Initial deposit	$ 25,000
Richfield [Member]
Acquired percentage	100.00%
Business acquisition amount of voting Interests acquired	$ 75,000

OFFICE RENTAL EXPENSE (Details

OFFICE RENTAL EXPENSE (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
OFFICE RENTAL EXPENSE (Details Narrative)
Office rental expenses	$ 0	$ 0

DUE TO RELATED PARTIES (Details

DUE TO RELATED PARTIES (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Amount Due to related parties	$ 444,282	$ 353,082
Dr. Yung Kong Chin, CEO [Member]
Due to related parties	442,523	351,323
Dr. Timo Strattner, Director [Member]
Due to related parties	$ 1,759	$ 1,759

DUE TO RELATED PARTIES (Detai_2

DUE TO RELATED PARTIES (Details Narrative)	Mar. 31, 2022USD ($)
Dr Chin [Member]
Securities Borrowed	$ 91,200

BASIS OF PRESENTATION (Details

BASIS OF PRESENTATION (Details Narrative)	Apr. 30, 2020USD ($)
Initial deposit	$ 25,000
Qmis Tbs Capital Group Corp. And Subsidiaries [Member]
Initial deposit	$ 75,000
Acquired percentage	100.00%
Business acquisition amount of voting interests acquired	$ 25,000

Net Capital Requirements Richfi

Net Capital Requirements Richfield (Details Narrative) - Richfield Orion International [Member] - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Broker-Dealer, Net Capital	$ 65,430	$ 76,396
Broker-Dealer, Excess Net Capital, Alternative Standard	60,430	$ 71,396
Minimum [Member]
Broker-Dealer, Net Capital	$ 5,000
Ratio of Indebtedness to Net Capital	0.31%	0.29%
Maximum [Member]
Ratio of Indebtedness to Net Capital	1.00%	1.00%

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
GOING CONCERN
Net loss	$ (65,622)	$ (36,805)
Stockholders deficit	$ (577,162)	$ (213,210)	$ (511,540)	$ (176,405)

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	3 Months Ended
	Mar. 31, 2022
Office Equipment And Furniture [Member]
Property, Plant and Equipment, Useful Life	5 years

CAPITAL STOCK (Details Narrativ

CAPITAL STOCK (Details Narrative) - USD ($)	Feb. 12, 2020	Mar. 31, 2022	Dec. 31, 2021	Oct. 07, 2020
Net Capital Requirements
Common Stock, Shares Authorized		750,000,000	750,000,000	760,000,000
Common Stock, Par Value	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized				10,000,000
Preferred Stock, Par or Stated Value Per Share				$ 0.0001
Common Stock, Shares, Issued	300,000,000	300,000,000	300,000,000	750,000,000
Common Stock, Shares, Outstanding		300,000,000	300,000,000
Director fees	$ 30,000

ACCRUED EXPENSES (Details Narra

ACCRUED EXPENSES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
ACCRUED EXPENSES
Professional service fees	$ 43,563	$ 35,305
Accrued expenses	$ 157,880		$ 183,458

Lease (Details)

Lease (Details) - Richfield Orion International [Member] - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Short term lease cost	$ 0	$ 0
Operating lease cost	7,181	7,324
Total lease cost	7,181	7,324
Variable lease cost	$ 0	$ 0

Lease (Details 1)

Lease (Details 1) - Richfield Orion International [Member] - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Operating lease liabilities, current	$ 54,380	$ 58,344
Operating lease ROU assets	$ 54,380	$ 58,344