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 Companys 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 Companys 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 Companys 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 Companys 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 Companys ability to continue as a going concern. Management is considering options in order to address the Companys 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. |