Longwen (LWLW) 10-Q 13 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	3 Months Ended
	Mar. 31, 2016	Jun. 30, 2015
Document and Entity Information:
Entity Registrant Name	Allied Ventures Holdings Corp.
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Trading Symbol	avhc
Amendment Flag	false
Entity Central Index Key	723,533
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	127,061
Entity Public Float		$ 127,061
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Mar. 31, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash	$ 1,173
TOTAL CURRENT ASSETS AND TOTAL ASSETS	1,173
CURRENT LIABILITIES
Accounts payable and accrued expenses	1,000	$ 14,220
Shareholder loan	30,500
TOTAL CURRENT LIABILITIES AND TOTAL LIABILITIES	31,500	14,220
STOCKHOLDERS' DEFICIT
Common stock, $0.0001 par value, 500,000,000 shares authorized, 127,061 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively	13	13
Additional paid-in capital	2,628,786	2,628,786
Accumulated deficit	(2,659,126)	(2,643,019)
Total Stockholders' Deficit	(30,327)	$ (14,220)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 1,173

Condensed Statements of Operati

Condensed Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
EXPENSES
General and administrative	$ 16,107	$ 8,761
Total Expenses	16,107	8,761
LOSS FROM OPERATIONS	(16,107)	(8,761)
OTHER EXPENSE
Interest expense		407
LOSS BEFORE INCOME TAXES	(16,107)	(9,168)
PROFIT (LOSS)	$ (16,107)	$ (9,168)
LOSS PER SHARE - BASIC AND DILUTED	$ (0.13)	$ (0.07)
WEIGHTED AVERAGE OUTSTANDING SHARES BASIC AND DILUTED	127,061	127,061

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
OPERATING ACTIVITIES
Net income (loss)	$ (16,107)	$ (9,168)
Changes in operating assets and liabilities:
(Decrease) Increase in accounts payable and accrued expenses	(13,220)	2,407
NET CASH USED BY OPERATING ACTIVITIES	(29,327)	(6,761)
FINANCING ACTIVITIES
Loan from shareholder	30,500
NET CASH PROVIDED BY FINANCING ACTIVITIES	30,500
NET INCREASE (DECREASE) IN CASH	1,173	(6,761)
CASH AT BEGINNING OF PERIOD		35,363
CASH AT END OF PERIOD	$ 1,173	$ 28,602

Note 1 - Interim Financial Stat

Note 1 - Interim Financial Statements	3 Months Ended
	Mar. 31, 2016
Notes
Note 1 - Interim Financial Statements	NOTE 1 – INTERIM FINANCIAL STATEMENTS The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, these condensed financial statements do not include all of the information and footnotes required for audited annual financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary to make the condensed financial statements not misleading have been included. The balance sheet at December 31, 2015, has been derived from the Company’s audited financial statements as of that date. The unaudited condensed financial statements included herein should be read in conjunction with the audited consolidated financial statements and the notes thereto that are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, that was filed with the SEC on March 8, 2016. The results of operations for the three months ended March 31, 2016, are not necessarily indicative of the results to be expected for the full year.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Notes
Note 2 - Summary of Significant Accounting Policies	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Recent Accounting Pronouncements The Company evaluated accounting pronouncements issued in 2015 and determined that none applied to the Company’s financial statements and it does not expect the adoption of any other recently issued accounting pronouncements to have a significant impact on its financial position, results of operations or cash flows.

Note 3 - Going Concern

Note 3 - Going Concern	3 Months Ended
	Mar. 31, 2016
Notes
Note 3 - Going Concern	NOTE 3 – GOING CONCERN The Company’s 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 . The Company has not generated any revenues since inception. In addition, the Company has a working capital deficit of $30,327 and an accumulated deficit of $2,659,126 as of March 31, 2016. Management is considering options in order to address the Company’s financing requirements. Those options include the possible sale of common stock and debt financing. There can be no assurance that management will be able to obtain the necessary financing needed to continue as a going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Note 4 - Shareholder Loan

Note 4 - Shareholder Loan	3 Months Ended
	Mar. 31, 2016
Notes
Note 4 - Shareholder Loan	NOTE 4 – SHAREHOLDER LOAN The Company was advanced $30,500 by a shareholder to pay-off debt and for working capital purposes. The loan is non-interest bearing and is payable on demand.

Note 5 - Stockholders' Deficien

Note 5 - Stockholders' Deficiency - Reverse Stock Split	3 Months Ended
	Mar. 31, 2016
Notes
Note 5 - Stockholders' Deficiency - Reverse Stock Split	NOTE 5 – STOCKHOLDERS’ DEFICIENCY – REVERSE STOCK SPLIT The Company’s Board of Directors authorized a one-for-seven hundred fifty reverse stock split on February 25, 2016. All share information presented in these financial statements and accompanying footnotes has been retroactively adjusted to reflect the reduced number of shares resulting from the reverse stock split.

Note 6 - Subsequent Events

Note 6 - Subsequent Events	3 Months Ended
	Mar. 31, 2016
Notes
Note 6 - Subsequent Events	NOTE 6 – SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date the financial statements were issued. There have been no events that would require disclosure or adjustments to the financial statements.