Longwen (LWLW) 10-Q 1 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Document and Entity Information:
Entity Registrant Name	Longwen Group Corp.
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
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	Non-accelerated Filer
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2

Balance Sheets

Balance Sheets - USD ($)	Jun. 30, 2018	Dec. 31, 2017
CURRENT LIABILITIES
Accounts payable and accrued expenses	$ 2,130	$ 6,753
Stockholder Advance	23,188	13,411
TOTAL CURRENT LIABILITIES AND TOTAL LIABILITIES	25,318	20,164
STOCKHOLDERS' DEFICIT
Common stock value	13	13
Additional paid-in capital	2,667,846	2,667,846
Accumulated deficit	(2,693,177)	(2,688,023)
Total Stockholders' Deficit	$ (25,318)	$ (20,164)

Statements of Operations

Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
EXPENSES
General and administrative	$ 4,654	$ 1,972	$ 5,154	$ 7,389
Total Expenses	4,654	1,972	5,154	7,389
NET INCOME (LOSS)	$ (4,654)	$ (1,972)	$ (5,154)	$ (7,389)
LOSS PER SHARE - BASIC AND DILUTED	$ (0.04)	$ (0.03)	$ (0.04)	$ (0.17)
WEIGHTED AVERAGE OUTSTANDING SHARES BASIC AND DILUTED	127,061	127,061	127,061	127,061

Statements of Cash Flows

Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
OPERATING ACTIVITIES
Profit (loss)	$ (5,154)	$ (7,389)
Changes in operating assets and liabilities:
Accounts payable and accrued expenses	(4,623)	(3,100)
Related party payable	$ 9,777	$ 10,489

Note 1 - Interim Financial Stat

Note 1 - Interim Financial Statements	6 Months Ended
	Jun. 30, 2018
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, 2017, 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, 2017, that was filed with the SEC on March 8, 2018. The results of operations for the six months ended June 30, 2018 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	6 Months Ended
	Jun. 30, 2018
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 2018 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	6 Months Ended
	Jun. 30, 2018
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 $25,318 and an accumulated deficit of $2,693,177 as of June 30, 2018. 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 - Stockolder Loan

Note 4 - Stockolder Loan	6 Months Ended
	Jun. 30, 2018
Notes
Note 4 - Stockolder Loan	NOTE 4 – STOCKOLDER LOAN The Company was advanced $23,188 by a shareholder for working capital purposes. The loan is non-interest bearing and is payable on demand.

Note 5 - Subsequent Events

Note 5 - Subsequent Events	6 Months Ended
	Jun. 30, 2018
Notes
Note 5 - Subsequent Events	NOTE 5 – SUBSEQUENT EVENTS On May 1, 2018, Keith Wong resigned from Chief Operating Officer of the Company and all other capacities with the Company. There was no disagreement with the Company for his resignation.