Longwen (LWLW) 10-Q 6 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Nov. 06, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	000-11596
Entity Registrant Name	Longwen Group Corp.
Entity Central Index Key	0000723533
Entity Tax Identification Number	95-3506403
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	RM 2404, Yin Zun Building
Entity Address, Address Line Two	ZunBao Plaza,
Entity Address, Address Line Three	Shangcheng Dist.
Entity Address, City or Town	Hangzhou City
Entity Address, Country	CN
City Area Code	86 0571
Local Phone Number	85128985
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		80,884,279

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 153,716	$ 18,449
Inventories	43,539	40,373
Prepaid expenses and other current assets	15,068	45,628
Current assets from discontinued operations		480,569
Total current assets	212,323	585,019
Property and equipment, net	271,541	254,578
Intangible assets, net	2,494	2,994
Intangible assets under construction	21,660
Goodwill	1,132	1,132
TOTAL ASSETS	509,150	843,723
Current liabilities:
Accounts payable and accrued liabilities	106,027	119,469
Advances from customers	71	33,171
Current liabilities from discontinued operations		484,475
Total current liabilities	143,325	920,158
TOTAL LIABILITIES	143,325	920,158
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY (DEFICIT)
Preferred stock, $0.0001 par value, 50,000,000 authorized, nil shares issued and outstanding
Common stock, $0.0001 par value, 550,000,000 authorized, 80,809,370 and 78,775,094 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively	8,081	7,878
Additional paid-in capital	21,280,326	19,970,306
Accumulated deficit	(20,936,297)	(20,054,293)
Accumulated other comprehensive income (loss)	13,715	(326)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT)	365,825	(76,435)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	509,150	843,723
Shareholder [Member]
Current liabilities:
Loans from third parties	5,877	198,510
Third Parties [Member]
Current liabilities:
Loans from third parties	$ 31,350	$ 84,533

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	550,000,000	550,000,000
Common stock, shares issued	80,809,370	78,775,094
Common stock, shares outstanding	80,809,370	78,775,094

Consolidated Statements of Oper

Consolidated Statements of Operations and Other Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues
Total revenues	$ 11,263		$ 67,968	$ 21,086
Cost of revenues
Total cost of revenues	6,014		40,048	2,199
Gross profit	5,249		27,920	18,887
Operating Expenses
Professional expenses	45,205	61,806	128,655	168,001
Selling, general and administrative expenses	46,491	71,886	215,150	212,916
Share-based compensation			570,000	576,000
Total operating expenses	91,696	133,692	913,805	956,917
Loss from operations	(86,447)	(133,692)	(885,885)	(938,030)
Other income (expenses):
Interest expense		(104)	(26)	(260)
Other income (expenses), net	1,462	(30)	(2,625)	(392)
Total other income (expense), net	1,462	(134)	(2,651)	(652)
Net loss from continuing operations	(84,985)	(133,826)	(888,536)	(938,682)
Gain (loss) from discontinued operations (including disposal gain of $nil and $3,404 for the three and nine months ended September 30, 2024, respectively)		(52,788)	6,532	6,314
Net loss	(84,985)	(186,614)	(882,004)	(932,368)
Other comprehensive income (loss)
Foreign currency translation income (loss)	13,473	1,164	14,041	(3,861)
Total other comprehensive income (loss)	13,473	1,164	14,041	(3,861)
Comprehensive loss	$ (71,512)	$ (185,450)	$ (867,963)	$ (936,229)
Weighted average shares outstanding:
Weighted average shares outstanding: Basic	80,645,636	79,825,094	79,863,637	78,996,477
Weighted average shares outstanding: Diluted	80,645,636	79,825,094	79,863,637	78,996,477
Continuing operation - Basic	$ 0	$ 0	$ (0.01)	$ (0.01)
Continuing operation - Diluted	0	0	(0.01)	(0.01)
Discontinued operations - Basic	0	0	0	0
Discontinued operations - Diluted	0	0	0	0
Loss per share: Basic	0	0	(0.01)	(0.01)
Loss per share: Diluted	$ 0	$ 0	$ (0.01)	$ (0.01)
Consulting Service Income [Member]
Revenues
Total revenues				$ 15,004
Online Product Sales [Member]
Revenues
Total revenues				6,082
Cost of revenues
Total cost of revenues				2,199
Offline Product Sales [Member]
Cost of revenues
Total cost of revenues	6,014		40,048
Offline Product Sales [Member] | Related Party [Member]
Revenues
Total revenues			17,075
Offline Product Sales [Member] | Nonrelated Party [Member]
Revenues
Total revenues	$ 11,263		$ 50,893

Consolidated Statements of Op_2

Consolidated Statements of Operations and Other Comprehensive Loss (Unaudited) (Parenthetical) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Income Statement [Abstract]
Disposal gain		$ 3,404

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net loss	$ (882,004)	$ (932,368)
Adjustment to reconcile net loss used in operating activities:
Gain from discontinued operations	(6,532)	(6,314)
Depreciation and amortization	9,933	9,645
Share-based compensation	570,000	576,000
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	32,943	44,337
Accounts receivable		(6,399)
Inventories	(2,637)	(40,803)
Accounts payable and accrued liabilities	(14,578)	92,055
Advances from customers	(32,646)
Net cash used in operating activities from continuing operations	(325,521)	(263,847)
Net cash used in operating activities from discontinued operations		(169)
Net cash used in operating activities	(325,521)	(264,016)
Cash flows from investing activities:
Purchase of property and equipment	(23,116)
Payment for intangible assets under construction	(21,121)
Net cash used in investing activities	(44,237)
Cash flows from financing activities:
Proceeds from third parties	30,495	87,705
Proceeds from a shareholder	21,314	83,640
Repayment to shareholders	(211,548)	(33,132)
Proceeds from issuance of common stock	656,376	67,234
Net cash provided by financing activities from continuing operations	496,637	205,447
Net cash provided by financing activities from discontinued operations
Net cash provided by financing activities	496,637	205,447
Effect of exchange rate changes in cash and cash equivalents from continuing operations	8,388	(4,203)
Effect of exchange rate changes in cash and cash equivalents from discontinued operations		289
Net increase (decrease) in cash and cash equivalents from continuing operations	135,267	(62,603)
Net increase in cash and cash equivalents from discontinued operations		120
Cash and cash equivalents, beginning balance	18,449	68,121
Cash and cash equivalents, ending balance	153,716	5,638
Supplement Disclosures:
Interest paid
Income tax paid
Supplemental Disclosures of Non-Cash Investing and Financing Activities
Repayment of commercial loan by related party on behalf of the Company		14,050
Common stocks issuable for deferred compensation		23,221
Common stocks issued for debt settlement	$ 83,847

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Common Stock Issuable [Member]	Additional Paid-in Capital [Member]	Deferred Compensation, Share-Based Payments [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2022		$ 7,411		$ 19,285,539		$ (19,027,835)	$ 5,840	$ 270,955
Balance, shares at Dec. 31, 2022		74,108,926
Shares issued for cash		$ 34		67,200				67,234
Shares issued for cash, shares		336,168
Other comprehensive income (loss)							(3,861)	(3,861)
Net loss						(932,368)		(932,368)
Shares issued for compensation		$ 538		575,462				576,000
Shares issued for compensation, shares		5,380,000
Shares issuable for deferred compensation			37	73,963	(74,000)
Balance at Sep. 30, 2023		$ 7,983	37	20,002,164	(74,000)	(19,960,203)	1,979	(22,040)
Balance, shares at Sep. 30, 2023		79,825,094
Balance at Jun. 30, 2023		$ 7,983	37	20,002,164	(74,000)	(19,773,589)	815	163,410
Balance, shares at Jun. 30, 2023		79,825,094
Other comprehensive income (loss)							1,164	1,164
Net loss						(186,614)		(186,614)
Balance at Sep. 30, 2023		$ 7,983	37	20,002,164	(74,000)	(19,960,203)	1,979	(22,040)
Balance, shares at Sep. 30, 2023		79,825,094
Balance at Dec. 31, 2023		$ 7,878		19,970,306		(20,054,293)	(326)	(76,435)
Balance, shares at Dec. 31, 2023		78,775,094
Shares issued for cash		$ 140		656,236				656,376
Shares issued for cash, shares		1,404,786
Other comprehensive income (loss)							14,041	14,041
Net loss						(882,004)		(882,004)
Shares issued for compensation		$ 155		569,845				570,000
Shares issued for compensation, shares		1,550,000
Share cancellation		$ (120)		120
Share cancellation, shares		(1,200,000)
Common stock issued for debt settlement		$ 28		83,819				83,847
Common stock issued for debt settlement, shares		279,490
Balance at Sep. 30, 2024		$ 8,081		21,280,326		(20,936,297)	13,715	365,825
Balance, shares at Sep. 30, 2024		80,809,370
Balance at Jun. 30, 2024		$ 8,040		21,031,089		(20,851,312)	242	188,059
Balance, shares at Jun. 30, 2024		80,393,905
Shares issued for cash		$ 41		249,237				249,278
Shares issued for cash, shares		415,465
Other comprehensive income (loss)							13,473	13,473
Net loss						(84,985)		(84,985)
Balance at Sep. 30, 2024		$ 8,081		$ 21,280,326		$ (20,936,297)	$ 13,715	$ 365,825
Balance, shares at Sep. 30, 2024		80,809,370

ORGANIZATION AND PRINCIPAL ACTI

ORGANIZATION AND PRINCIPAL ACTIVITIES	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND PRINCIPAL ACTIVITIES	NOTE 1 – ORGANIZATION AND PRINCIPAL ACTIVITIES Wenyuan Group Corp. (formerly known as Longwen Group Corp.) (the “Company”) was originally incorporated as Expertelligence, Inc in the State of California on March 31, 1980 and reincorporated in the State of Nevada on November 17, 2005. On January 23, 2017, the Company amended its Articles of Incorporation (“Charter Amendment”) to affect its name change of Longwen Group Corp with trading symbol of “LWLW”. On April 23, 2024, pursuant to the Company’s majority shareholder consent and board approval dated on April 5, 2024, the Company amended its Article of Incorporation with Nevada State and changed its name to Wenyuan Group Corp. The name and symbol change are currently under the review by The Financial Industry Regulatory Authority (“FINRA”). On February 23, 2022, the Company entered into an Acquisition Agreement with a third-party individual to acquire the 100 % ownership of Hangzhou Wenyuan Enterprise Management Co., Ltd. (“Hangzhou Wenyuan”) (FKA: Hangzhou Longwen Enterprise Management Co., Ltd or “Hangzhou Longwen”), a wholly foreign-owned enterprise (“WOFE”) in Hangzhou, the People’s Republic of China (the “PRC”), for a total cash consideration of $ 1,000 . As a result of the acquisition, Hangzhou Wenyuan became the Company’s wholly-owned subsidiary in the PRC. Hangzhou Wenyuan was originally registered on January 4, 2012, and has minimum operations since its inception. The Company recognized $ 993 goodwill upon consummated the acquisition. On February 27, 2024, Hangzhou Longwen Enterprise Management Co., Ltd changed its name to Hangzhou Wenyuan Enterprise Management Co., Ltd. through Hangzhou Market Supervision and Administration Bureau in China. On October 11, 2022, the Company and its subsidiary, Hangzhou Wenyuan entered into an Acquisition Agreement with a third-party individual to acquire 100 1,000 141 139 On March 3, 2023, Hangzhou Wenyuan established a new subsidiary, Huzhou Wohong Fishery Co., Ltd. (“HWF”), to operate the aquacultural breeding, wholesale and retail of aquaculture products and etc. Due to the change in the economic situation and lower-than-expected sales of aquacultural products, our management decided to change the HWF’s operations and on March 27, 2024, HWF entered into an agreement with a counterparty to sell certain assets and liabilities of HWF. HWF was identified as discontinued operations with aquacultural products sales. Such assets and liabilities are classified as assets and liabilities held for sale, and the sale was closed on March 27, 2024. WENYUAN GROUP CORP. AND SUBSIDIARIES (FORMERLY KNOWN AS LONGWEN GROUP CORP.) NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The accompanying unaudited consolidated financial statements include the accounts of the Company and its subsidiaries as described in Note 1. All significant intercompany transactions and balances have been eliminated in the consolidation. Basis of Presentation The unaudited consolidated financial statements presented herein have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and in accordance with the instructions to Regulation S-X. Accordingly, the financial statements do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments, including normal recurring adjustments, considered necessary for a fair statement of the financial statements have been included. Operating results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. Reclassifications Certain amounts on the prior year’s consolidated balance sheets, consolidated statements of operations and cash flows were reclassified to conform to current-year presentation, with no effect on ending stockholders’ equity. Use of Estimates The preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the financial statements and footnotes thereto. Actual results may differ from those estimates and assumptions. Foreign Currency Transactions The Company’s consolidated financial statements are presented in U.S. dollars ($), which is the Company’s reporting and functional currency. The functional currencies of the Company’s subsidiaries including Hangzhou Wenyuan, HWAC and HWF, are RMB. The resulting translation adjustments are reported under other comprehensive loss in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 220 (“ASC 220”), “Reporting Comprehensive Income” The Company translates the assets and liabilities into U.S. dollars using the rate of exchange prevailing at the balance sheet date and the statements of operations and cash flows are translated at an average rate during the reporting period. Adjustments resulting from the translation from RMB into U.S. dollars are recorded in shareholders’ equity as part of accumulated other comprehensive loss. The exchange rate used for financial statements are as follows: SCHEDULE OF EXCHANGE RATE USED FOR FINANCIAL STATEMENTS 2024 2023 2024 2023 Average Rate for the three months ended September 30, Average Rate for the nine months ended September 30, 2024 2023 2024 2023 China yuan (RMB) RMB 7.1649 RMB 7.2437 RMB 7.1966 RMB 7.0326 United States dollar ($) $ 1.0000 $ 1.0000 $ 1.0000 $ 1.0000 September 30, 2024 December 31, 2023 Exchange Rate at September 30, 2024 December 31, 2023 China yuan (RMB) RMB 7.0176 RMB 7.0978 United States dollar ($) $ 1.0000 $ 1.0000 Foreign exchange rate $ 1.0000 $ 1.0000 WENYUAN GROUP CORP. AND SUBSIDIARIES (FORMERLY KNOWN AS LONGWEN GROUP CORP.) NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Inventories Inventories consist of finished products and are stated at the lower of cost or net realizable value. Cost is calculated by applying the weighted average cost method. The Company regularly reviews inventory quantities on hand and writes down to its net realizable value any inventory that it believes to be impaired. Management considers forecast demand in relation to the inventory on hand, competitiveness of product offerings, market conditions and product life cycles when determining excess and obsolescence and net realizable value adjustments. Once inventory is written down and a new cost basis is established, it is not written back up if demand increases. Property and equipment Depreciation on property and equipment is recognized on a straight-line basis over the estimated useful lives of the assets, for which the remaining term of the legal title for the office space and 3 Impairment of Long-Lived Assets The Company evaluates property and equipment and finite-lived intangible assets for impairment whenever events or circumstances indicate that the carrying amounts of such assets may not be recoverable. Recoverability is measured by comparing the carrying amount of an asset or an asset group to estimated undiscounted future net cash flows expected to be generated. If the carrying amount of the long–lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying amount exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values, and third–party independent appraisals, as considered necessary. Revenue Recognition The Company recognizes revenue when a customer obtains control of promised products or services, in an amount that reflects the consideration expected to be received in exchange for those products or services. The Company follows the five-step model prescribed under Topic 606: (i) identify the contract(s) with a customer; (ii) identify the performance obligation(s) in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligation(s) in the contract; and (v) recognize revenue when (or as) the Company satisfies each performance obligation. Revenues are presented net of any sales or value added taxes collected from customers and remitted to the government. The Company’s consulting service income consists of the delivery of focused insights and recommendations that assist customers with their challenges in developing and executing strategies around their trade business and financial reporting processes. The consulting services provided are fixed-fee arrangements that are generally in one-year term. The Company has concluded that each contract represents a single performance obligation as each is a single promise to deliver a customized engagement and deliverable. For the majority of these services, either practically or contractually, the work performed and delivered to the customer has no alternative use to the Company. Additionally, the Company maintains an enforceable right to payment at all times throughout the contract. The Company’s online product sales consists of selling products to end customers through online channel, such as apps embedded in Wechat. Revenue is recognized at a point in time when the product is delivered to and accepted by end customers. The Company’s aquaculture product sales consist of selling aquacultural products to customers through offline channel. Revenue is recognized at a point in time when the products are delivered to and accepted by end customers. The Company concludes the presentation of revenue generated from selling of aquaculture products is at a gross basis as the Company acts as a principal by controlling sales transactions provided to their customers. Due to the change of the economic situation and the sales of aquacultural products was not as expected, the management intended to change the Company’s operations and on March 27, 2024, the Company entered into an agreement with a counterparty to sell certain assets and liabilities of HWF. HWF was identified as discontinued operations with aquacultural products. Concentration During the nine months ended September 30, 2024, the Company generated 25 10 41 31 95 94 Share-based Compensation The Company accounts for stock options and other equity-based compensation issued in accordance with ASC 718 “Stock Compensation”, which requires the measurement and recognition of compensation expense related to the fair value of equity-based compensation awards that are ultimately expected to vest. Stock-based compensation expense recognized includes the compensation cost for all share-based compensation payments granted to employees and nonemployees, net of estimated forfeitures, over the employees’ requisite service period or the non-employee performance period based on the grant date fair value estimated in accordance with the provisions of ASC 718. ASC 718 is also applied to awards modified, repurchased, or cancelled during the periods reported. WENYUAN GROUP CORP. AND SUBSIDIARIES (FORMERLY KNOWN AS LONGWEN GROUP CORP.) NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Income Taxes The Company accounts for income taxes under ASC 740, “ Income Taxes Related Parties The Company follows ASC 850, Related Party Disclosures, Fair Value Measurements Fair value accounting establishes a framework for measuring fair value and expands disclosure about fair value measurements. Fair value, which is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. This framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels 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. As of September 30, 2024 and December 31, 2023, the Company did not have any assets or liabilities that were required to be measured at fair value on a recurring basis or on a non-recurring basis. The carrying value of the Company’s cash, loans from third parties, shareholder loans and accounts payable and accrued liabilities approximates the fair value due to the short-term maturity. Segment Reporting Accounting Standards Codification (“ASC”) 280, “Segment Reporting,” requires public companies to report financial and descriptive information about their reportable operating segments. We identify our operating segments based on how our chief operating decision maker internally evaluates separate financial information, business activities and management responsibility. During the three and nine months ended September 30, 2024 and 2023, the Company determined that we have one reportable segment as we manage the business from the geography location. Accounting Standards Issued but Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures There were also other updates recently issued and the management does not believe that other than disclosed above, accounting pronouncements the recently issued but not yet adopted will have a material impact on its financial position results of operations or cash flows. WENYUAN GROUP CORP. AND SUBSIDIARIES (FORMERLY KNOWN AS LONGWEN GROUP CORP.) NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

GOING CONCERN

GOING CONCERN	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 – GOING CONCERN The Company’s consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of business. During the nine months ended September 30, 2024, the Company incurred a net loss of $ 882,004 20,936,297 The Company’s future success is dependent upon its ability to acquire and achieve business with profitable operations, generate cash from operating activities and obtain additional financing. The Company intends to raise funds from the issuance of equity and/or debt securities, but there is no assurance that additional funds from the issuance of equity will be available for the Company to finance its operations on acceptable terms, or at all. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	NOTE 4 – PROPERTY AND EQUIPMENT, NET As of September 30, 2024 and December 31, 2023, property and equipment consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT, NET September 30, 2024 December 31, 2023 Equipment $ 30,996 $ 7,209 Property 266,665 263,651 Less: accumulated depreciation (26,120 ) (16,282 ) Total property and equipment, net $ 271,541 $ 254,578 On September 28, 2022, the Company consummated an office suite purchase agreement with a third party. Pursuant to the agreement, the Company issued 2,651,780 265,178 2,108 3,595 263,070 Depreciation expenses were $ 3,512 3,118 9,933 9,645 WENYUAN GROUP CORP. AND SUBSIDIARIES (FORMERLY KNOWN AS LONGWEN GROUP CORP.) NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

LOANS FROM THIRD PARTIES

LOANS FROM THIRD PARTIES	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
LOANS FROM THIRD PARTIES	NOTE 5 – LOANS FROM THIRD PARTIES The Company’s loans from third parties consisted of the following as of September 30, 2024 and December 31, 2023: SCHEDULE OF LOANS FROM THIRD PARTIES September 30, 2024 December 31, 2023 Loan from third-party lenders; unsecure, bearing an interest rate of 0.5 one year $ 31,350 $ 84,533 Total loans 31,350 84,533 Less: current portion (31,350 ) (84,533 ) Total non-current portion $ — $ — On December 31, 2019, the Company entered into a loan agreement of $ 12,250 300 500 December 31, 2022 12,250 1,800 14,050 During the three months ended March 31, 2023, the Company borrowed $ 46,776 320,000 December 30, 2023 76,934 550,000 123,710 870,000 During the three months ended March 31, 2023, the Company borrowed $ 87,705 600,000 0.5 one year 279,490 83,847 83,847 603,000 During the three months ended June 30, 2024, the Company borrowed $ 30,495 220,000 0.5 31,350 , including accrued interest with the three third-party individuals, to exchange issuance of 51,534 0.60 WENYUAN GROUP CORP. AND SUBSIDIARIES (FORMERLY KNOWN AS LONGWEN GROUP CORP.) NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 6 – STOCKHOLDERS’ EQUITY Common Stocks As of September 30, 2024 and December 31, 2023, the Company had 80,809,370 78,775,094 In May and June 2023, the Company sold a total of 336,168 0.20 150,000 0.28 During the three months ended March 31, 2024, the Company sold 621,648 0.30 186,494 367,673 0.60 220,604 62,184 415,465 0.60 249,278 Also, on February 18, 2024, the Company converted a loan in the total amount of $ 83,847 279,490 0.30 WENYUAN GROUP CORP. AND SUBSIDIARIES (FORMERLY KNOWN AS LONGWEN GROUP CORP.) NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS NOTE 6 – STOCKHOLDERS’ EQUITY (continued) 2022 Equity Incentive Plan On November 7, 2022, the Board adopted an equity incentive plan to increase stockholder value and to advance the interests of the Company by furnishing a variety of economic incentives (“Incentives”) designed to attract, retain and motivate employees, certain key consultants and directors of the Company (the “2022 Equity Incentive Plan”). Under the 2022 Equity Incentive Plan, the Company can issue up to 10,000,000 On January 19, 2023, the Company granted total 5,000,000 500,000 1,200,000 1,200,000 On June 29, 2023, the Company granted a total of 200,000 40,000 550,000 0.20 180,000 36,000 550,000 180,000 370,000 During the three months ended March 31, 2024, the Company granted 1,200,000 360,000 During the three months ended June 30, 2024, the Company granted 350,000 210,000 As of September 30, 2024 and December 31, 2023, the Company’s common shares issuable under the 2022 Equity Incentive Plan totalled 1,220,000 1,570,000 2023 Equity Incentive Plan As of September 30, 2024 and December 31, 2023, no shares have been issued under the Company’s 2023 Equity Incentive Plan, and the Company’s common shares issuable under the 2023 Equity Incentive Plan totalled 5,000,000 5,000,000 A summary of equity incentive activities for the three months ended September 30, 2024 is as follows: SCHEDULE OF EQUITY INCENTIVE ACTIVITIES Number of Shares Weighted Average Grant Date Fair Value Issued and vested as of January 1, 2023 4,250,000 0.10 Granted and vested 5,750,000 0.11 Forfeited and cancelled (1,570,000 ) 0.12 Issued and vested as of January 1, 2024 8,430,000 $ 0.10 Forfeited and cancelled (1,200,000 ) 0.10 Granted and vested 1,550,000 0.37 Issued and vested as of September 30, 2024 8,780,000 $ 0.15 The total fair value of shares issued for incentive that vested was $ 0.57 0.57 WENYUAN GROUP CORP. AND SUBSIDIARIES (FORMERLY KNOWN AS LONGWEN GROUP CORP.) NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 7 – RELATED PARTY TRANSACTIONS During the three months ended March 31, 2022, the Company borrowed total $ 82,107 14,618 100,000 2,359 23,000 71,165 2,350 64,770 465,544 5,575 820 During the three months ended March 31, 2023, the wife of President of the Company, repaid commercial loan and accrued interest in the total amount of $ 14,050 83,640 16,046 21,315 146,862 302 127,345 The President’s wife further paid expenses in the total amount of $ 2,868 During the three and nine months ended September 30, 2024, the Company recognized employee compensation expenses of $ 4,335 13,005 3,335 4,447 5,002 4,332 31,446 The Company conducted offline product sales to a close relative of the President’s wife, totalling $ 16,710 The Company conducted offline product sales to a related party, totalling $ 365 During the three months ended March 31, 2023, HWAC purchased inventory in the total amount of $ 40,373 25,735 40,373

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	NOTE 8 – DISCONTINUED OPERATIONS Management intended to change its operation focus and entered into an agreement with a counterparty to sell certain assets and liabilities of HWF as of March 31, 2024 for consideration of $ nil Total disposed assets and liabilities from discontinued operations as of March 31, 2024, were as below: SCHEDULE OF DISCONTINUED OPERATIONS March 31, 2024 ASSETS Current assets Prepaid expenses and other current assets 736 Accounts receivable $ 471,066 Total current assets $ 471,802 TOTAL ASSETS DISPOSED FROM DISCONTINUED OPERATIONS $ 471,802 LIABILITIES Current liabilities: Accounts payable and accrued liabilities $ 461,201 Other payable 14,005 Total current liabilities 475,206 TOTAL LIABILITIES DISPOSED FROM DISCONTINUED OPERATIONS $ 475,206 Disposal gain $ 3,404 WENYUAN GROUP CORP. AND SUBSIDIARIES (FORMERLY KNOWN AS LONGWEN GROUP CORP.) NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS For the three months ended March 31, 2024 and 2023, results of operations from HWF are as below: 2024 2023 For the three months ended March 31, 2024 2023 Revenues Aquaculture product sales $ - $ 221,601 Total revenues - 221,601 Cost of revenues Cost of Aquaculture product - 199,156 Total cost of revenues - 199,156 Gross profit - 22,445 Operating expenses: Selling, general and administrative expenses - 5,375 Total operating expenses - 5,375 Income from operations of discontinued operations - 17,070 Other expenses: Other expenses, net 13 208 Total other expenses, net 13 208 Net (loss) income before income tax from discontinued operations (13 ) 16,862 Income tax recovery (expense) 3,141 (843 ) Net income from discontinued operations, net of taxes before gain from sale of discontinued operations 3,128 16,019 Gain from sale of discontinued operations, net of taxes 3,404 - Loss from discontinued operations $ 6,532 16,019

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 9 – SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date the financial statements were issued and filed with the Securities and Exchange Commission. Based on our evaluation, no event has occurred requiring adjustment or disclosure, except the following: On October 23, 2024, the Company converted three outstanding loans, including accrued interest, in the total amount of $ 30,920 51,534 0.60 In October 2024, the Company sold 23,375 0.60 14,025

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying unaudited consolidated financial statements include the accounts of the Company and its subsidiaries as described in Note 1. All significant intercompany transactions and balances have been eliminated in the consolidation.
Basis of Presentation	Basis of Presentation The unaudited consolidated financial statements presented herein have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and in accordance with the instructions to Regulation S-X. Accordingly, the financial statements do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments, including normal recurring adjustments, considered necessary for a fair statement of the financial statements have been included. Operating results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024.
Reclassifications	Reclassifications Certain amounts on the prior year’s consolidated balance sheets, consolidated statements of operations and cash flows were reclassified to conform to current-year presentation, with no effect on ending stockholders’ equity.
Use of Estimates	Use of Estimates The preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the financial statements and footnotes thereto. Actual results may differ from those estimates and assumptions.
Foreign Currency Transactions	Foreign Currency Transactions The Company’s consolidated financial statements are presented in U.S. dollars ($), which is the Company’s reporting and functional currency. The functional currencies of the Company’s subsidiaries including Hangzhou Wenyuan, HWAC and HWF, are RMB. The resulting translation adjustments are reported under other comprehensive loss in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 220 (“ASC 220”), “Reporting Comprehensive Income” The Company translates the assets and liabilities into U.S. dollars using the rate of exchange prevailing at the balance sheet date and the statements of operations and cash flows are translated at an average rate during the reporting period. Adjustments resulting from the translation from RMB into U.S. dollars are recorded in shareholders’ equity as part of accumulated other comprehensive loss. The exchange rate used for financial statements are as follows: SCHEDULE OF EXCHANGE RATE USED FOR FINANCIAL STATEMENTS 2024 2023 2024 2023 Average Rate for the three months ended September 30, Average Rate for the nine months ended September 30, 2024 2023 2024 2023 China yuan (RMB) RMB 7.1649 RMB 7.2437 RMB 7.1966 RMB 7.0326 United States dollar ($) $ 1.0000 $ 1.0000 $ 1.0000 $ 1.0000 September 30, 2024 December 31, 2023 Exchange Rate at September 30, 2024 December 31, 2023 China yuan (RMB) RMB 7.0176 RMB 7.0978 United States dollar ($) $ 1.0000 $ 1.0000 Foreign exchange rate $ 1.0000 $ 1.0000 WENYUAN GROUP CORP. AND SUBSIDIARIES (FORMERLY KNOWN AS LONGWEN GROUP CORP.) NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
Inventories	Inventories Inventories consist of finished products and are stated at the lower of cost or net realizable value. Cost is calculated by applying the weighted average cost method. The Company regularly reviews inventory quantities on hand and writes down to its net realizable value any inventory that it believes to be impaired. Management considers forecast demand in relation to the inventory on hand, competitiveness of product offerings, market conditions and product life cycles when determining excess and obsolescence and net realizable value adjustments. Once inventory is written down and a new cost basis is established, it is not written back up if demand increases.
Property and equipment	Property and equipment Depreciation on property and equipment is recognized on a straight-line basis over the estimated useful lives of the assets, for which the remaining term of the legal title for the office space and 3
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company evaluates property and equipment and finite-lived intangible assets for impairment whenever events or circumstances indicate that the carrying amounts of such assets may not be recoverable. Recoverability is measured by comparing the carrying amount of an asset or an asset group to estimated undiscounted future net cash flows expected to be generated. If the carrying amount of the long–lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying amount exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values, and third–party independent appraisals, as considered necessary.
Revenue Recognition	Revenue Recognition The Company recognizes revenue when a customer obtains control of promised products or services, in an amount that reflects the consideration expected to be received in exchange for those products or services. The Company follows the five-step model prescribed under Topic 606: (i) identify the contract(s) with a customer; (ii) identify the performance obligation(s) in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligation(s) in the contract; and (v) recognize revenue when (or as) the Company satisfies each performance obligation. Revenues are presented net of any sales or value added taxes collected from customers and remitted to the government. The Company’s consulting service income consists of the delivery of focused insights and recommendations that assist customers with their challenges in developing and executing strategies around their trade business and financial reporting processes. The consulting services provided are fixed-fee arrangements that are generally in one-year term. The Company has concluded that each contract represents a single performance obligation as each is a single promise to deliver a customized engagement and deliverable. For the majority of these services, either practically or contractually, the work performed and delivered to the customer has no alternative use to the Company. Additionally, the Company maintains an enforceable right to payment at all times throughout the contract. The Company’s online product sales consists of selling products to end customers through online channel, such as apps embedded in Wechat. Revenue is recognized at a point in time when the product is delivered to and accepted by end customers. The Company’s aquaculture product sales consist of selling aquacultural products to customers through offline channel. Revenue is recognized at a point in time when the products are delivered to and accepted by end customers. The Company concludes the presentation of revenue generated from selling of aquaculture products is at a gross basis as the Company acts as a principal by controlling sales transactions provided to their customers. Due to the change of the economic situation and the sales of aquacultural products was not as expected, the management intended to change the Company’s operations and on March 27, 2024, the Company entered into an agreement with a counterparty to sell certain assets and liabilities of HWF. HWF was identified as discontinued operations with aquacultural products.
Concentration	Concentration During the nine months ended September 30, 2024, the Company generated 25 10 41 31 95 94
Share-based Compensation	Share-based Compensation The Company accounts for stock options and other equity-based compensation issued in accordance with ASC 718 “Stock Compensation”, which requires the measurement and recognition of compensation expense related to the fair value of equity-based compensation awards that are ultimately expected to vest. Stock-based compensation expense recognized includes the compensation cost for all share-based compensation payments granted to employees and nonemployees, net of estimated forfeitures, over the employees’ requisite service period or the non-employee performance period based on the grant date fair value estimated in accordance with the provisions of ASC 718. ASC 718 is also applied to awards modified, repurchased, or cancelled during the periods reported. WENYUAN GROUP CORP. AND SUBSIDIARIES (FORMERLY KNOWN AS LONGWEN GROUP CORP.) NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
Income Taxes	Income Taxes The Company accounts for income taxes under ASC 740, “ Income Taxes
Related Parties	Related Parties The Company follows ASC 850, Related Party Disclosures,
Fair Value Measurements	Fair Value Measurements Fair value accounting establishes a framework for measuring fair value and expands disclosure about fair value measurements. Fair value, which is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. This framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels 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. As of September 30, 2024 and December 31, 2023, the Company did not have any assets or liabilities that were required to be measured at fair value on a recurring basis or on a non-recurring basis. The carrying value of the Company’s cash, loans from third parties, shareholder loans and accounts payable and accrued liabilities approximates the fair value due to the short-term maturity.
Segment Reporting	Segment Reporting Accounting Standards Codification (“ASC”) 280, “Segment Reporting,” requires public companies to report financial and descriptive information about their reportable operating segments. We identify our operating segments based on how our chief operating decision maker internally evaluates separate financial information, business activities and management responsibility. During the three and nine months ended September 30, 2024 and 2023, the Company determined that we have one reportable segment as we manage the business from the geography location.
Accounting Standards Issued but Not Yet Adopted	Accounting Standards Issued but Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures There were also other updates recently issued and the management does not believe that other than disclosed above, accounting pronouncements the recently issued but not yet adopted will have a material impact on its financial position results of operations or cash flows.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
SCHEDULE OF EXCHANGE RATE USED FOR FINANCIAL STATEMENTS	SCHEDULE OF EXCHANGE RATE USED FOR FINANCIAL STATEMENTS 2024 2023 2024 2023 Average Rate for the three months ended September 30, Average Rate for the nine months ended September 30, 2024 2023 2024 2023 China yuan (RMB) RMB 7.1649 RMB 7.2437 RMB 7.1966 RMB 7.0326 United States dollar ($) $ 1.0000 $ 1.0000 $ 1.0000 $ 1.0000 September 30, 2024 December 31, 2023 Exchange Rate at September 30, 2024 December 31, 2023 China yuan (RMB) RMB 7.0176 RMB 7.0978 United States dollar ($) $ 1.0000 $ 1.0000 Foreign exchange rate $ 1.0000 $ 1.0000

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT, NET	As of September 30, 2024 and December 31, 2023, property and equipment consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT, NET September 30, 2024 December 31, 2023 Equipment $ 30,996 $ 7,209 Property 266,665 263,651 Less: accumulated depreciation (26,120 ) (16,282 ) Total property and equipment, net $ 271,541 $ 254,578

LOANS FROM THIRD PARTIES (Table

LOANS FROM THIRD PARTIES (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
SCHEDULE OF LOANS FROM THIRD PARTIES	The Company’s loans from third parties consisted of the following as of September 30, 2024 and December 31, 2023: SCHEDULE OF LOANS FROM THIRD PARTIES September 30, 2024 December 31, 2023 Loan from third-party lenders; unsecure, bearing an interest rate of 0.5 one year $ 31,350 $ 84,533 Total loans 31,350 84,533 Less: current portion (31,350 ) (84,533 ) Total non-current portion $ — $ —

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
SCHEDULE OF EQUITY INCENTIVE ACTIVITIES	A summary of equity incentive activities for the three months ended September 30, 2024 is as follows: SCHEDULE OF EQUITY INCENTIVE ACTIVITIES Number of Shares Weighted Average Grant Date Fair Value Issued and vested as of January 1, 2023 4,250,000 0.10 Granted and vested 5,750,000 0.11 Forfeited and cancelled (1,570,000 ) 0.12 Issued and vested as of January 1, 2024 8,430,000 $ 0.10 Forfeited and cancelled (1,200,000 ) 0.10 Granted and vested 1,550,000 0.37 Issued and vested as of September 30, 2024 8,780,000 $ 0.15

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
SCHEDULE OF DISCONTINUED OPERATIONS	Total disposed assets and liabilities from discontinued operations as of March 31, 2024, were as below: SCHEDULE OF DISCONTINUED OPERATIONS March 31, 2024 ASSETS Current assets Prepaid expenses and other current assets 736 Accounts receivable $ 471,066 Total current assets $ 471,802 TOTAL ASSETS DISPOSED FROM DISCONTINUED OPERATIONS $ 471,802 LIABILITIES Current liabilities: Accounts payable and accrued liabilities $ 461,201 Other payable 14,005 Total current liabilities 475,206 TOTAL LIABILITIES DISPOSED FROM DISCONTINUED OPERATIONS $ 475,206 Disposal gain $ 3,404 WENYUAN GROUP CORP. AND SUBSIDIARIES (FORMERLY KNOWN AS LONGWEN GROUP CORP.) NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS For the three months ended March 31, 2024 and 2023, results of operations from HWF are as below: 2024 2023 For the three months ended March 31, 2024 2023 Revenues Aquaculture product sales $ - $ 221,601 Total revenues - 221,601 Cost of revenues Cost of Aquaculture product - 199,156 Total cost of revenues - 199,156 Gross profit - 22,445 Operating expenses: Selling, general and administrative expenses - 5,375 Total operating expenses - 5,375 Income from operations of discontinued operations - 17,070 Other expenses: Other expenses, net 13 208 Total other expenses, net 13 208 Net (loss) income before income tax from discontinued operations (13 ) 16,862 Income tax recovery (expense) 3,141 (843 ) Net income from discontinued operations, net of taxes before gain from sale of discontinued operations 3,128 16,019 Gain from sale of discontinued operations, net of taxes 3,404 - Loss from discontinued operations $ 6,532 16,019

ORGANIZATION AND PRINCIPAL AC_2

ORGANIZATION AND PRINCIPAL ACTIVITIES (Details Narrative) - Acquisition Agreement [Member] - Hangzhou Wenyuan [Member]	Oct. 11, 2022 USD ($)	Oct. 11, 2022 CNY (¥)	Feb. 23, 2022 USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Ownership percentage	100%	100%	100%
Cash consideration	$ 141	¥ 1,000	$ 1,000
Goodwill acquired during period	$ 139		$ 993

SCHEDULE OF EXCHANGE RATE USED

SCHEDULE OF EXCHANGE RATE USED FOR FINANCIAL STATEMENTS (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Average Rate [Member] | China Yuan R M B [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
United States dollar ($)	7.1649	7.2437	7.1966	7.0326
Average Rate [Member] | United States Dollar [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
United States dollar ($)	1	1	1	1
Exchange Rate [Member] | China Yuan R M B [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Foreign exchange rate	7.0176		7.0176		7.0978
Exchange Rate [Member] | United States Dollar [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Foreign exchange rate	1		1		1

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer One [Member]
Product Information [Line Items]
Concentration risk percentage		25%	41%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer Two [Member]
Product Information [Line Items]
Concentration risk percentage		10%	31%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Vendor One [Member]
Product Information [Line Items]
Concentration risk percentage	95%	94%
Office Equipment [Member]
Product Information [Line Items]
Useful life	3 years	3 years

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 84,985	$ 186,614	$ 882,004	$ 932,368
Accumulated deficit	$ 20,936,297		$ 20,936,297		$ 20,054,293

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT, NET (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Equipment	$ 30,996	$ 7,209
Property	266,665	263,651
Less: accumulated depreciation	(26,120)	(16,282)
Total property and equipment, net	$ 271,541	$ 254,578

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details Narrative) - USD ($)		3 Months Ended		9 Months Ended
	Sep. 28, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Impairment Effects on Earnings Per Share [Line Items]
Issuance of common stock for property. shares	2,651,780
Issuance of common stock for property	$ 265,178
Value-added tax	$ 2,108
Depreciation expenses		$ 3,512	$ 3,118	$ 9,933	$ 9,645
Property, Plant and Equipment [Member]
Impairment Effects on Earnings Per Share [Line Items]
Issuance of common stock for property				263,070
Fluctation of foreign exchange				$ 3,595

SCHEDULE OF LOANS FROM THIRD PA

SCHEDULE OF LOANS FROM THIRD PARTIES (Details) - Third Parties [Member] - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Short-Term Debt [Line Items]
Total loans	$ 31,350	$ 84,533
Less: current portion	(31,350)	(84,533)
Total non-current portion
Unsecure Third Party Lender [Member]
Short-Term Debt [Line Items]
Total loans	$ 31,350	$ 84,533

SCHEDULE OF LOANS FROM THIRD _2

SCHEDULE OF LOANS FROM THIRD PARTIES (Details) (Parenthetical) - Third Party Lender [Member]	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Short-Term Debt [Line Items]
Interest rate	0.50%	0.50%
Due term	1 year	1 year

LOANS FROM THIRD PARTIES (Detai

LOANS FROM THIRD PARTIES (Details Narrative)

3 Months Ended

9 Months Ended

12 Months Ended

Oct. 23, 2024 $ / shares shares

Feb. 18, 2024 USD ($) shares

Dec. 31, 2019 USD ($)

Jun. 30, 2024 USD ($)

Jun. 30, 2024 CNY (¥)

Jun. 30, 2023 USD ($)

Jun. 30, 2023 CNY (¥)

Mar. 31, 2023 USD ($)

Mar. 31, 2023 CNY (¥)

Sep. 30, 2024 USD ($) shares

Sep. 30, 2023 USD ($)

Dec. 31, 2023

Feb. 18, 2024 CNY (¥)

Dec. 31, 2022 USD ($)

Short-Term Debt [Line Items]

Borrowed from third party

$ 30,495

$ 87,705

Common stock issued for debt settlement

$ 83,847

Common Stock [Member]

Short-Term Debt [Line Items]

Common stock issued for debt settlement, shares | shares

279,490

Common stock issued for debt settlement

$ 28

Three Individual Lenders [Member] | Subsequent Event [Member] | Common Stock [Member]

Short-Term Debt [Line Items]

Converted shares | shares

51,534

Converted shares, price per share | $ / shares

$ 0.60

Third Party Lender [Member]

Short-Term Debt [Line Items]

Interest rate

0.50%

0.50%

Debt term

1 year

1 year

Two Third-party Individuals [Member]

Short-Term Debt [Line Items]

Debt due date

Dec. 30, 2023

Dec. 30, 2023

Borrowed from third party

$ 76,934

¥ 550,000

$ 46,776

¥ 320,000

Two Individual [Member] | Third Party Lender [Member]

Short-Term Debt [Line Items]

Repayments of loans from third parties

$ 123,710

¥ 870,000

Third Party Individual [Member]

Short-Term Debt [Line Items]

Borrowed from third party

$ 87,705

¥ 600,000

Interest rate

0.50%

0.50%

Debt term

1 year

1 year

Three Third Party Individual [Member]

Short-Term Debt [Line Items]

Loans due amount

$ 31,350

Borrowed from third party

$ 30,495

¥ 220,000

Interest rate

0.50%

0.50%

Loan Agreement [Member]

Short-Term Debt [Line Items]

Loans due amount

$ 12,250

Interest payable

300

$ 1,800

Fixed rate

$ 500

Debt due date

Dec. 31, 2022

Borrowings

$ 12,250

Repayments of loans from third parties

$ 14,050

Debt Settlement Agreement [Member] | Third Party Individual [Member]

Short-Term Debt [Line Items]

Interest payable

$ 83,847

¥ 603,000

Common stock issued for debt settlement, shares | shares

279,490

Common stock issued for debt settlement

$ 83,847

SCHEDULE OF EQUITY INCENTIVE AC

SCHEDULE OF EQUITY INCENTIVE ACTIVITIES (Details) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Equity [Abstract]
Number of Shares, Issued and Vested Beginning Balance	8,430,000	4,250,000
Weighted Average Grant Date Fair Value, Issued and Vested Begining Balance	$ 0.10	$ 0.10
Number of Shares, Granted and Vested	1,550,000	5,750,000
Weighted Average Grant Date Fair Value, Granted and Vested	$ 0.37	$ 0.11
Number of Shares, Forfeited and Cancelled	(1,200,000)	(1,570,000)
Weighted Average Grant Date Fair Value, Forfeited and Cancelled	$ 0.10	$ 0.12
Number of Shares, Issued and Vested Beginning Balance	8,780,000	8,430,000
Weighted Average Grant Date Fair Value, Issued and Vested Ending Balance	$ 0.15	$ 0.10

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)				1 Months Ended				3 Months Ended				9 Months Ended		12 Months Ended
	Feb. 18, 2024	Jun. 29, 2023	Jan. 19, 2023	Jan. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	May 31, 2023	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Nov. 07, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, shares issued					78,775,094			80,809,370			78,775,094	80,809,370		78,775,094
Common stock, shares outstanding					78,775,094			80,809,370			78,775,094	80,809,370		78,775,094
Fair value of shares								$ 249,278				$ 656,376	$ 67,234
Fair value of shares issued that vested												$ 570,000	$ 570,000
2022 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of common stock shares have been issued					180,000						180,000			180,000	10,000,000
Number of common stock shares granted														550,000
Share based compensation														$ 36,000
Number of unvested shares forfeited											370,000
Number of common shares issuable					1,570,000			1,220,000			1,570,000	1,220,000		1,570,000
2022 Equity Incentive Plan [Member] | Two Employees [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of common stock shares granted									350,000	1,200,000
Fair value of shares									$ 210,000	$ 360,000
2023 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of common shares issuable					5,000,000			5,000,000			5,000,000	5,000,000		5,000,000
Related Party [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares price per share	$ 0.30
Loan amount converted	$ 83,847
Debt exchanged shares issuance	279,490
49 Non US Investors [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued						336,168	336,168
Price per share						$ 0.20	$ 0.20
3 Non US Investors [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued					150,000
Price per share					$ 0.28						$ 0.28			$ 0.28
Fifteen Non-U.S. Investors [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued								415,465		621,648
Price per share								$ 0.60		$ 0.30		$ 0.60
Cash proceeds								$ 249,278		$ 186,494
Individual Non US Investors [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued									367,673
Cash proceeds									$ 220,604	$ 62,184
Shares price per share									$ 0.60
Six Employees and One Consultant [Member] | 2022 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of common stock shares granted			5,000,000
Fair value of shares			$ 500,000
One Employee [Member] | 2022 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of common stock shares returned					1,200,000
Another Employee [Member] | 2022 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of common stock shares returned				1,200,000
Two Employees [Member] | 2022 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of common stock shares granted		200,000
Fair value of shares		$ 40,000
Four Individuals [Member] | 2022 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares price per share		$ 0.20
Number of common stock shares granted		550,000
Number of shares vested		180,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)	3 Months Ended								9 Months Ended
	Sep. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2024 CNY (¥)	Sep. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2023 CNY (¥)	Mar. 31, 2022 USD ($)	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 CNY (¥)	Sep. 30, 2023 USD ($)
Related Party Transaction [Line Items]
Advance from related party									$ 30,495			$ 87,705
Total revenues	$ 11,263								67,968			21,086
President [Member]
Related Party Transaction [Line Items]
Advance from related party								$ 82,107
Repayment to related party			$ 64,770	¥ 465,544		$ 14,618	¥ 100,000			$ 2,359	¥ 23,000
Loan due	5,575								5,575	71,165
Difference amount due to fluctuation in foreign exchange	820								820	2,350
Salaries paid	5,002								5,002
Wife of President [Member]
Related Party Transaction [Line Items]
Advance from related party									21,315			83,640
Repayment to related party									146,862			$ 16,046
Repayment of commercial loan and accrued interest			2,868			14,050
Due to related parties	302								302	127,345
Recognized compensation expenses	3,335								4,447
Wife of President [Member] | Offline Product Sales [Member]
Related Party Transaction [Line Items]
Total revenues			$ 16,710
Daughter of President [Member]
Related Party Transaction [Line Items]
Recognized compensation expenses	4,335								13,005
Related Party [Member]
Related Party Transaction [Line Items]
Compensation payable	4,332								4,332	31,446
Related Party [Member] | Offline Product Sales [Member]
Related Party Transaction [Line Items]
Total revenues		$ 365
Hangzhou Longwen Culture Media Ltd. [Member]
Related Party Transaction [Line Items]
Due to related parties	$ 25,735								$ 25,735	$ 40,373
Purchased inventory						$ 40,373

SCHEDULE OF DISCONTINUED OPERAT

SCHEDULE OF DISCONTINUED OPERATIONS (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Current assets
Prepaid expenses and other current assets	$ 736
Accounts receivable	471,066
Total current assets	471,802
TOTAL ASSETS DISPOSED FROM DISCONTINUED OPERATIONS	471,802
Current liabilities:
Accounts payable and accrued liabilities	461,201
Other payable	14,005
Total current liabilities	475,206
TOTAL LIABILITIES DISPOSED FROM DISCONTINUED OPERATIONS	475,206
Disposal gain	3,404
Total revenues		$ 221,601
Total cost of revenues		199,156
Gross profit		22,445
Selling, general and administrative expenses		5,375
Total operating expenses		5,375
Income from operations of discontinued operations		17,070
Other expenses, net	13	208
Total other expenses, net	13	208
Net (loss) income before income tax from discontinued operations	(13)	16,862
Income tax recovery (expense)	3,141	(843)
Net income from discontinued operations, net of taxes before gain from sale of discontinued operations	3,128	16,019
Gain from sale of discontinued operations, net of taxes	3,404
Loss from discontinued operations	6,532	16,019
Aquaculture [Member]
Current liabilities:
Total revenues		221,601
Total cost of revenues		$ 199,156

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details Narrative)	Mar. 27, 2024 USD ($)
Discontinued Operations and Disposal Groups [Abstract]
Consideration price

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] - USD ($)		1 Months Ended
	Oct. 23, 2024	Oct. 31, 2024
Non-US [Member]
Subsequent Event [Line Items]
Investor shares, price per share		$ 0.60
Common stock to a non-U.S , shares		23,375
Total cash proceeds		$ 14,025
Three Individual Lenders [Member]
Subsequent Event [Line Items]
Converted amount	$ 30,920
Three Individual Lenders [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Converted shares	51,534
Investor shares, price per share	$ 0.60