Cover
Cover - shares | 9 Months Ended | |
Sep. 30, 2023 | Oct. 16, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Sep. 30, 2023 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2023 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 000-54301 | |
Entity Registrant Name | ZHANLING INTERNATIONAL LIMITED | |
Entity Central Index Key | 0001489300 | |
Entity Tax Identification Number | 88-0981710 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | Unit 305-306, 3/F., New East Ocean Centre, | |
Entity Address, Address Line Two | No.9 Science Museum Road | |
Entity Address, City or Town | Tsim Sha Tsui | |
Entity Address, Country | HK | |
Entity Address, Postal Zip Code | 999077 | |
City Area Code | +861 | |
Local Phone Number | 8682338832 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | true | |
Entity Common Stock, Shares Outstanding | 73,200 |
Condensed Balance Sheets
Condensed Balance Sheets - USD ($) | Sep. 30, 2023 | Dec. 31, 2022 |
Current asset | ||
Prepayments | $ 873 | |
Total current asset | 873 | |
TOTAL ASSET | 873 | |
Current liabilities | ||
Other payables and accrued liabilities | 3,584 | 17,394 |
Total current liabilities | 25,496 | 44,945 |
TOTAL LIABILITIES | 25,496 | 44,945 |
STOCKHOLDERS’ DEFICIT | ||
Common stock, $0.001 par value, 500,000,000 shares authorized 73,200 shares issued and outstanding, respectively | 73 | 73 |
Additional paid in capital | 342,992 | 306,319 |
Accumulated deficit | (368,561) | (350,464) |
Total stockholders’ deficit | (25,496) | (44,072) |
Total liabilities and stockholders’ deficit | 873 | |
Related Party [Member] | ||
Current liabilities | ||
Due to a related party | $ 21,912 | $ 27,551 |
Condensed Balance Sheets (Paren
Condensed Balance Sheets (Parenthetical) - $ / shares | Sep. 30, 2023 | Dec. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 73,200 | 73,200 |
Common stock, shares outstanding | 73,200 | 73,200 |
Condensed Statements of Operati
Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Income Statement [Abstract] | ||||
General and administrative | $ 4,692 | $ 12,109 | $ 17,733 | $ 27,309 |
Loss from Operation | (4,692) | (12,109) | (17,733) | (27,309) |
Interest expenses | (364) | |||
Net loss | $ (4,692) | $ (12,109) | $ (18,097) | $ (27,309) |
Basic net loss per share | $ (0.06) | $ (0.17) | $ (0.25) | $ (0.37) |
Diluted net loss per share | $ (0.06) | $ (0.17) | $ (0.25) | $ (0.37) |
Weighted average number of shares outstanding, basic | 73,200 | 73,200 | 73,200 | 73,200 |
Weighted average number of shares outstanding, diluted | 73,200 | 73,200 | 73,200 | 73,200 |
Condensed Statements of Stockho
Condensed Statements of Stockholders' Deficit (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance at Dec. 31, 2021 | $ 73 | $ 305,727 | $ (310,139) | $ (4,339) |
Balance, shares at Dec. 31, 2021 | 73,200 | |||
Net loss | (27,309) | (27,309) | ||
Balance at Sep. 30, 2022 | $ 73 | 305,727 | (337,448) | (31,648) |
Balance, shares at Sep. 30, 2022 | 73,200 | |||
Balance at Jun. 30, 2022 | $ 73 | 305,727 | (325,339) | (19,539) |
Balance, shares at Jun. 30, 2022 | 73,200 | |||
Net loss | (12,109) | (12,109) | ||
Balance at Sep. 30, 2022 | $ 73 | 305,727 | (337,448) | (31,648) |
Balance, shares at Sep. 30, 2022 | 73,200 | |||
Balance at Dec. 31, 2022 | $ 73 | 306,319 | (350,464) | (44,072) |
Balance, shares at Dec. 31, 2022 | 73,200 | |||
Net loss | (18,097) | (18,097) | ||
Capital contribution due to write-off of related party payable due to former CEO and CMO | 36,309 | 36,309 | ||
Imputed interest expenses | 364 | 364 | ||
Balance at Sep. 30, 2023 | $ 73 | 342,992 | (368,561) | (25,496) |
Balance, shares at Sep. 30, 2023 | 73,200 | |||
Balance at Jun. 30, 2023 | $ 73 | 342,992 | (363,869) | (20,804) |
Balance, shares at Jun. 30, 2023 | 73,200 | |||
Net loss | (4,692) | (4,692) | ||
Balance at Sep. 30, 2023 | $ 73 | $ 342,992 | $ (368,561) | $ (25,496) |
Balance, shares at Sep. 30, 2023 | 73,200 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Net loss | $ (4,692) | $ (12,109) | $ (18,097) | $ (27,309) |
Imputed interest expense | 364 | |||
Net change in non-cash working capital balances | ||||
Prepayments | 873 | 2,039 | ||
Other payables and accrued liabilities | (13,810) | 4,286 | ||
NET CASH USED IN OPERATING ACTIVITIES | (30,670) | (20,984) | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Capital contribution from former CEO and CMO | 8,758 | |||
Advances from related party | 21,912 | 20,984 | ||
NET CASH PROVIDED BY FINANCING ACTIVITIES | 30,670 | 20,984 | ||
INCREASE IN CASH | ||||
CASH, BEGINNING | ||||
CASH, ENDING | ||||
Supplemental cash flow information: | ||||
Interest paid | ||||
Income taxed paid | ||||
NON-CASH INVESTING AND FINANCING ACTIVITIES | ||||
Former CEO and CMO waive related party payable as a capital contribution | $ 27,915 |
BASIS OF PRESENTATION
BASIS OF PRESENTATION | 9 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
BASIS OF PRESENTATION | NOTE 1. BASIS OF PRESENTATION Unaudited Interim Financial Statements These unaudited interim financial statements may not include all information and footnotes required by US GAAP for complete financial statement disclosure. However, except as disclosed herein, there have been no material changes in the information contained in the notes to the audited financial statements for the year ended December 31, 2022, included in the Company’s Annual Report Form 10-K and filed with the Securities and Exchange Commission. These unaudited interim financial statements should be read in conjunction with the audited financial statements included in the Form 10-K. In the opinion of management, all adjustments considered necessary for fair presentation and consisting solely of normal recurring adjustments have been made. Operating results for the three and nine months ended September 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. |
ORGANIZATION AND BUSINESS BACKG
ORGANIZATION AND BUSINESS BACKGROUND | 9 Months Ended |
Sep. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND BUSINESS BACKGROUND | NOTE 2 - ORGANIZATION AND BUSINESS BACKGROUND Zhanling International Ltd (formerly known as Odenza Corp.) (the “Company” or “we”) was incorporated in the State of Nevada on July 16, 2009 and the Company is a development-stage company which intended to acquire companies in large consumption platform in China. The Company’s sole purpose currently is to target and complete a merger or acquisition with a private entity. On May 4, 2021, Tan Sri Barry resigned from all positions with the Company, including but not limited to, that of President, Chief Executive Officer, Treasurer, Secretary and Chairman of the Board of Directors. The resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Tan Sri Barry has been the President, Chief Executive Officer, Treasurer, Secretary and Chairman of the Board of Directors since February 2013. On May 4, 2021, Mr. Leung Chi Ping (“Mr. Leung”), was appointed as the President, Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Directors of the Company. On May 4, 2021, Mr. Leung, Alexander Patrick Brazendale, Christopher David Brazendale, Adventure Air Race Investment Limited, Adventure Air Race Talents Limited, and William Alexander Cruickshank acquired control of 67,736 92.54 On May 7, 2021, the Company received written consents in lieu of a meeting of Stockholders from holders of Common Stock voting securities representing 92.54 73,200 75,000,000 500,000,000 0.001 On May 7, 2021, the Board of Directors of the Company approved the Increase, subject to Stockholder approval. The Majority Stockholders approved the Increase by written consent in lieu of a meeting on May 7, 2021. On June 17, 2021 the Company entered into a binding letter of intent (the “LOI”) for the purpose of doing a Share Exchange Agreement (“the Agreement”) to acquire Adventure Air Race Company Limited (“AARC”), a Nevada corporation. The acquisition is subject to (i) the consent of a majority ODZA’s shareholders and to the consent of each of AARC’s shareholders, and (ii) the completion of a two-year audit of AARC. The Share Exchange Agreement will result in a change of control. The Share Exchange Agreement contains, among other things, representations and warranties of the aforementioned Parties and covenants of the companies and the shareholders of AARC. Among other terms, ODZA will own all of the equity of AARC, equaling 130,329,341 84,000,000 95.82 On December 3, 2021, Mr. Liang Zhao acquired control of 13,908 19 24,532 33.51 On December 3, 2021, Chi Ping Leung resigned from all positions with the Company, including but not limited to, that of the President, Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Directors of the Company. The resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Chi Ping Leung has been the President, Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Directors of the Company since May 2021. On December 3, 2021, Mr. Alexander Patrick Brazendale resigned from the Chief Marketing Officer of the Company. Mr. Christopher David Brazendale resigned from Chief Operating Officer of the Company. Mr. William Alexander Cruickshank resigned from Chief Racing Officer of the Company. Ms. Wing Man Fok resigned from the Secretary and Treasurer of the Company. On December 3, 2021, Mr. Liang Zhao was appointed as the President, Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Directors of the Company. Effective February 17, 2022, the Board of Directors of Zhanling International Ltd (formerly known as Odenza Corp.) (the “Company”) approved a resolution changing the Company’s fiscal year from January 31 to December 31 of each calendar year, effective as of the same date. On June 20, 2022, Mr.Xiangchen Li was appointed as the Chief Marketing Officer of the Company. As of June 22, 2022, Liang Zhao was the sole director and the sole shareholder of Shanghai Capital Resource Limited, which was the major shareholder of the Company owning beneficially 20 39 On April 10, 2023, as a result of three private transactions, (i) 13,908 0.001 14,640 0.001 24,532 0.001 72.51 53,080 On April 10, 2023, Mr.Liang Zhao resigned from President, Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Directors of the Company. Mr.Xiangchen Li resigned from the Chief Marketing Officer of the Company. On April 10, 2023, Ms.NingNing Xu was appointed as President, Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Directors of the Company. |
GOING CONCERN
GOING CONCERN | 9 Months Ended |
Sep. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 3 - GOING CONCERN The accompanying condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying condensed financial statements, for the nine months ended September 30, 2023, the Company incurred a net loss of $ 18,097 25,496 368,561 30,670 Management has plans to seek additional capital through a private placement of its Common Stock or further director loans as needed. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 4 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying condensed financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are readily apparent from other sources. The actual results experienced by the Company may differ materially from the Company’s estimates. To the extent there are material differences, future results may be affected. Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include estimates for the accruals of potential liabilities. Other payables and accrued liabilities Other payables and accrued liabilities are stated initially at their fair value and subsequently measured at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. Financial instruments The Company follows the guidance of Accounting Standards Codification (“ASC”) 820-10, “Fair Value Measurements and Disclosures”, with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: Level 1 : Observable inputs such as quoted prices in active markets; Level 2 : Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and Level 3 : Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions The Company believes the carrying amount reported in the balance sheet for accrued liabilities, and due to related party, approximate their fair values because of the short-term nature of these financial instruments. Income taxes The provision of income taxes is determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts Net loss per share The Company calculates net loss per share in accordance with ASC Topic 260 “ Earnings per share Stock-based compensation The Company has not adopted a stock option plan and therefore has not granted any stock options. Accordingly, no stock- based compensation has been recorded to date. Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. Imputed Interest The Company owned director and related parties some loans which are unsecured, interest-free with no fixed payment term, for working capital purpose. Imputed interest is considered insignificant. Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Credit Losses - Measurement of Credit Losses on Financial Instruments (“ASC 326”). The standard significantly changes how entities will measure credit losses for most financial assets, including accounts and notes receivables. The standard will replace today’s “incurred loss” approach with an “expected loss” model, under which companies will recognize allowances based on expected rather than incurred losses. Entities will apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The standard is effective for interim and annual reporting periods beginning after December 15, 2022. The adoption of ASU 2016-13 is not expected to have a material impact on the Company’s financial position, results of operations, and cash flows. Other recent accounting pronouncements issued by the FASB, its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Sep. 30, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 5 - RELATED PARTY TRANSACTIONS As of September 30, 2023, the Company did not owed to the Company’s former Chief Executive Officer Mr.Liang Zhao (resigned on April 10, 2023). During the nine months ended September 30, 2023, Mr. Liang Zhao advanced $ 8,758 364 35,937 As of September 30, 2023, the Company did not owed to the Company’s former Chief Marketing Officer Mr.Li Xiangchen (resigned on April 10, 2023). This amount is non-trade in nature, unsecured, are payable on demand. Effective April 10, 2023, Mr.Li Xiangchen agreed to forgive and waive $ 372 As of September 30, 2023, the Company owed $ 21,912 |
PREPAYMENTS
PREPAYMENTS | 9 Months Ended |
Sep. 30, 2023 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
PREPAYMENTS | NOTE 6 - PREPAYMENTS SCHEDULE OF PREPAYMENTS AND DEPOSITS As of As of Prepayments $ - $ 873 As of September 30, 2023 and December 31, 2022, the balance of nil 873 |
Subsequent events
Subsequent events | 9 Months Ended |
Sep. 30, 2023 | |
Subsequent Events [Abstract] | |
Subsequent events | NOTE 7 - Subsequent events On August 4, 2023, our Board of Directors appointed Enrome LLP of Singapore (“Enrome”) as our independent registered public accounting firm. During our two most recent fiscal years and the subsequent interim periods preceding their appointment as independent accountants, neither we nor anyone on our behalf consulted Enrome regarding either the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered of our financial statements, nor has Enrome provided to us with a written report or oral advice regarding such principles or audit opinion. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
Basis of presentation | Basis of presentation The accompanying condensed financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are readily apparent from other sources. The actual results experienced by the Company may differ materially from the Company’s estimates. To the extent there are material differences, future results may be affected. |
Use of estimates | Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include estimates for the accruals of potential liabilities. |
Other payables and accrued liabilities | Other payables and accrued liabilities Other payables and accrued liabilities are stated initially at their fair value and subsequently measured at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. |
Financial instruments | Financial instruments The Company follows the guidance of Accounting Standards Codification (“ASC”) 820-10, “Fair Value Measurements and Disclosures”, with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: Level 1 : Observable inputs such as quoted prices in active markets; Level 2 : Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and Level 3 : Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions The Company believes the carrying amount reported in the balance sheet for accrued liabilities, and due to related party, approximate their fair values because of the short-term nature of these financial instruments. |
Income taxes | Income taxes The provision of income taxes is determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts |
Net loss per share | Net loss per share The Company calculates net loss per share in accordance with ASC Topic 260 “ Earnings per share |
Stock-based compensation | Stock-based compensation The Company has not adopted a stock option plan and therefore has not granted any stock options. Accordingly, no stock- based compensation has been recorded to date. |
Related parties | Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. |
Imputed Interest | Imputed Interest The Company owned director and related parties some loans which are unsecured, interest-free with no fixed payment term, for working capital purpose. Imputed interest is considered insignificant. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Credit Losses - Measurement of Credit Losses on Financial Instruments (“ASC 326”). The standard significantly changes how entities will measure credit losses for most financial assets, including accounts and notes receivables. The standard will replace today’s “incurred loss” approach with an “expected loss” model, under which companies will recognize allowances based on expected rather than incurred losses. Entities will apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The standard is effective for interim and annual reporting periods beginning after December 15, 2022. The adoption of ASU 2016-13 is not expected to have a material impact on the Company’s financial position, results of operations, and cash flows. Other recent accounting pronouncements issued by the FASB, its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements. |
PREPAYMENTS (Tables)
PREPAYMENTS (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
SCHEDULE OF PREPAYMENTS AND DEPOSITS | SCHEDULE OF PREPAYMENTS AND DEPOSITS As of As of Prepayments $ - $ 873 |
ORGANIZATION AND BUSINESS BAC_2
ORGANIZATION AND BUSINESS BACKGROUND (Details Narrative) - USD ($) | Apr. 10, 2023 | Dec. 03, 2021 | Jun. 17, 2021 | May 04, 2021 | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 23, 2022 | Jun. 22, 2022 | May 07, 2021 |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Common stock, outstanding shares percentage | 92.54% | |||||||||
Common stock shares issued | 73,200 | 73,200 | 73,200 | |||||||
Common stock, shares authorized | 500,000,000 | 500,000,000 | ||||||||
Common stock, par value | $ 0.001 | $ 0.001 | ||||||||
Ning Ning Xu [Member] | ||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Acquired voting rights | 72.51% | |||||||||
Shanghai Capital Resource Limited [Member] | ||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Ownership percentage | 39% | 20% | ||||||||
Board Of Directors [Member] | ||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Common stock, shares authorized | 500,000,000 | 75,000,000 | ||||||||
Common stock, par value | $ 0.001 | |||||||||
Mr.Liang Zhao [Member] | ||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Common stock, acquisition | 13,908 | |||||||||
Common stock, outstanding shares percentage | 19% | |||||||||
Common stock, par value | $ 0.001 | |||||||||
Mr.Liang Zhao [Member] | Common Stock [Member] | ||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Common stock issued | 13,908 | |||||||||
Mr.Xiangchen Li [Member] | ||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Common stock, acquisition | 24,532 | |||||||||
Common stock, outstanding shares percentage | 33.51% | |||||||||
Common stock, par value | $ 0.001 | |||||||||
Mr.Xiangchen Li [Member] | Common Stock [Member] | ||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Common stock issued | 24,532 | |||||||||
Shanghai Capital Resources Ltd [Member] | ||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Common stock, par value | $ 0.001 | |||||||||
Shanghai Capital Resources Ltd [Member] | Common Stock [Member] | ||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Common stock issued | 14,640 | |||||||||
Ning Ning Xu [Member] | ||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Cash consideration paid | $ 53,080 | |||||||||
Stock Purchase Agreements [Member] | ||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Common stock, acquisition | 67,736 | |||||||||
Common stock, outstanding shares percentage | 92.54% | |||||||||
Share Exchange Agreement [Member] | Adventure Air Race Company Limited [Member] | ||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Number of shares issued | 130,329,341 | |||||||||
Share Exchange Agreement [Member] | Odenza Corp [Member] | ||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Common stock, outstanding shares percentage | 95.82% | |||||||||
Common stock issued | 84,000,000 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||||||
Net loss | $ 4,692 | $ 12,109 | $ 18,097 | $ 27,309 | ||||
Stockholders' deficit | 25,496 | $ 31,648 | 25,496 | 31,648 | $ 20,804 | $ 44,072 | $ 19,539 | $ 4,339 |
Accumulated deficit | $ 368,561 | 368,561 | $ 350,464 | |||||
Negative operating cashflow | $ 30,670 | $ 20,984 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) | 9 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
Income tax likelihood of settlement | the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Apr. 10, 2023 | Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Related Party Transaction [Line Items] | |||||
Advances from related party | $ 21,912 | $ 20,984 | |||
Imputed interest expense | 364 | ||||
Mr.Liang Zhao [Member] | |||||
Related Party Transaction [Line Items] | |||||
Repayments of related party debt | $ 35,937 | ||||
Mr.Xiangchen Li [Member] | |||||
Related Party Transaction [Line Items] | |||||
Repayments of related party debt | $ 372 | ||||
Ning Ning Xu [Member] | |||||
Related Party Transaction [Line Items] | |||||
Due to related parties | $ 21,912 | 21,912 | |||
Mr.Liang Zhao [Member] | |||||
Related Party Transaction [Line Items] | |||||
Advances from related party | $ 8,758 |
SCHEDULE OF PREPAYMENTS AND DEP
SCHEDULE OF PREPAYMENTS AND DEPOSITS (Details) - USD ($) | Sep. 30, 2023 | Dec. 31, 2022 |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ||
Prepayments | $ 873 |
PREPAYMENTS (Details Narrative)
PREPAYMENTS (Details Narrative) - USD ($) | Sep. 30, 2023 | Dec. 31, 2022 |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ||
Prepayments and deposits | $ 873 |