Longwen (LWLW) 10-Q 14 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	9 Months Ended
	Sep. 30, 2017	Jun. 30, 2017
Document and Entity Information:
Entity Registrant Name	Longwen Group Corp.
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Trading Symbol	logc
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	Yes
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Sep. 30, 2017	Dec. 31, 2016
CURRENT LIABILITIES
Accounts payable and accrued expenses	$ 2,600	$ 4,500
Shareholder Loan	10,939
TOTAL CURRENT LIABILITIES AND TOTAL LIABILITIES	13,539	4,500
STOCKHOLDERS' DEFICIT
Common stock, $0.0001 par value, 733,333 shares authorized, 127,061 shares issued and outstanding as of September 30, 2017 and December 31, 2016.	13	13
Additional paid-in capital	2,667,846	2,667,846
Accumulated deficit	(2,681,398)	(2,672,359)
Total Stockholders' Deficit	$ (13,539)	$ (4,500)

Condensed Statements of Operati

Condensed Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
EXPENSES
General and administrative	$ 1,650	$ 3,710	$ 9,039	$ 24,676
Total Expenses	1,650	3,710	9,039	24,676
NET INCOME (LOSS)	$ (1,650)	$ (3,710)	$ (9,039)	$ (24,676)
LOSS PER SHARE - BASIC AND DILUTED	$ (0.01)	$ (0.03)	$ (0.07)	$ (0.19)
WEIGHTED AVERAGE OUTSTAND SHARES BASIC AND DILUTED	127,061	127,061	127,061	127,061

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
OPERATING ACTIVITIES
Net (loss)	$ (9,039)	$ (24,676)
Changes in operating assets and liabilities:
Accounts payable and accrued expenses	(1,900)	(7,360)
NET CASH USED BY OPERATING ACTIVITIES	(10,939)	(32,036)
FINANCING ACTIVITIES
Proceeds from shareholder loan	10,939	32,200
NET CASH PROVIDED BY FINANCING ACTIVITIES	$ 10,939	32,200
NET INCREASE IN CASH		164
CASH AT END OF PERIOD		$ 164

Note 1 - Interim Financial Stat

Note 1 - Interim Financial Statements	9 Months Ended
	Sep. 30, 2017
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, 2016, 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, 2016, that was filed with the SEC on April 12, 2017. The results of operations for the three and nine months ended September 30, 2017, 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	9 Months Ended
	Sep. 30, 2017
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 2017 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	9 Months Ended
	Sep. 30, 2017
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 $13,539 and an accumulated deficit of $2,681,398 as of September 30, 2017. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. 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	9 Months Ended
	Sep. 30, 2017
Notes
Note 4 - Shareholder Loan	NOTE 4 – SHAREHOLDER LOAN The Company was advanced $10,939 by a shareholder for working capital purposes. The loan is non-interest bearing and is payable on demand.

Note 6 - Subsequent Events

Note 6 - Subsequent Events	9 Months Ended
	Sep. 30, 2017
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.