Cover
Cover - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Aug. 27, 2021 | |
Cover [Abstract] | ||
Entity Registrant Name | QIANSUI INTERNATIONAL GROUP CO. LTD. | |
Entity Central Index Key | 0001499684 | |
Document Type | 10-K | |
Amendment Flag | false | |
Entity Voluntary Filers | No | |
Current Fiscal Year End Date | --12-31 | |
Entity Well Known Seasoned Issuer | No | |
Entity Small Business | true | |
Entity Shell Company | true | |
Entity Emerging Growth Company | true | |
Entity Current Reporting Status | No | |
Document Period End Date | Dec. 31, 2020 | |
Entity Filer Category | Non-accelerated Filer | |
Document Fiscal Period Focus | FY | |
Document Fiscal Year Focus | 2020 | |
Entity Ex Transition Period | false | |
Entity Common Stock Shares Outstanding | 5,664,989 | |
Entity Public Float | $ 74,140 | |
Document Annual Report | true | |
Document Transition Report | false | |
Entity File Number | 000-54159 | |
Entity Incorporation State Country Code | DE | |
Entity Tax Identification Number | 84-1209978 | |
Entity Address Address Line 1 | 7th Floor, Naiten Building, No. 1 | |
Entity Address Address Line 2 | Six Li Oiao | |
Entity Address Address Line 3 | Fentai District | |
Entity Address City Or Town | Beijing | |
Entity Address Country | CN | |
Entity Address Postal Zip Code | 100161 | |
City Area Code | 86 | |
Local Phone Number | 1370-139-9692 | |
Entity Interactive Data Current | No |
Balance Sheets
Balance Sheets - USD ($) | Dec. 31, 2020 | Dec. 31, 2019 |
Current assets: | ||
Cash | $ 0 | $ 0 |
Total assets | 0 | 0 |
Current liabilities: | ||
Accounts payable and accrued liabilities | 4,784 | 12,561 |
Accrued interest - related party | 11,528 | 6,960 |
Due to related party | 14,427 | 24,339 |
Promissory note - related party | 76,060 | 0 |
Total current liabilities | 106,799 | 43,860 |
Total liabilities | 106,799 | 43,860 |
Stockholders' deficit: | ||
Preferred stock: 50,000,000 authorized; $0.000006 par value; no shares issued and outstanding | 0 | 0 |
Additional paid-in capital | 177,084 | 177,084 |
Accumulated deficit | (283,917) | (220,978) |
Total stockholders' deficit | (106,799) | (43,860) |
Total liabilities and stockholders' deficit | 0 | 0 |
Common Stock A [Member] | ||
Stockholders' deficit: | ||
Common stock value | 34 | 34 |
Common Stock B [Member] | ||
Stockholders' deficit: | ||
Common stock value | $ 0 | $ 0 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2020 | Dec. 31, 2019 |
Preferred stock, shares authorized | 50,000,000 | 50,000,000 |
Preferred stock, shares par value | $ 0.000006 | $ 0.000006 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, shares par value | $ 0.000006 | $ 0.000006 |
Common Stock Class A [Member] | ||
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 |
Common stock, shares par value | $ 0.000006 | $ 0.000006 |
Common stock, shares issued | 5,664,989 | 5,664,989 |
Common stock, shares outstanding | 5,664,989 | 5,664,989 |
Common Stock Class B [Member] | ||
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, shares par value | $ 0.000006 | $ 0.000006 |
Common stock, shares issued | 0 | 0 |
Common stock, shares outstanding | 0 | 0 |
Statements of Comprehensive Los
Statements of Comprehensive Loss - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Operating expenses: | ||
General and administrative | $ 5,927 | $ 0 |
Professional fees | 52,420 | 465 |
Total operating expenses | 58,347 | 465 |
Loss from operations | (58,347) | (465) |
Other expense: | ||
Interest expense | (4,592) | (2,920) |
Total other expense | (4,592) | (2,920) |
Net loss before provision for income taxes | (62,939) | (3,385) |
Income tax benefit | 0 | 0 |
Net loss | $ (62,939) | $ (3,385) |
Basic and dilutive net loss per common share | $ 0 | $ 0 |
Weighted average number of common shares outstanding - basic and diluted | 5,664,989 | 5,664,989 |
Statements of Stockholders Defi
Statements of Stockholders Deficit - USD ($) | Total | Preferred Stock [Member] | Common Stock | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] |
Balance, shares at Dec. 31, 2018 | 5,664,989 | ||||
Balance, amount at Dec. 31, 2018 | $ (40,475) | $ 0 | $ 34 | $ 177,084 | $ (217,593) |
Net loss | (3,385) | 0 | $ 0 | 0 | (3,385) |
Balance, shares at Dec. 31, 2019 | 5,664,989 | ||||
Balance, amount at Dec. 31, 2019 | (43,860) | 0 | $ 34 | 177,084 | (220,978) |
Net loss | (62,939) | 0 | $ 0 | 0 | (62,939) |
Balance, shares at Dec. 31, 2020 | 5,664,989 | ||||
Balance, amount at Dec. 31, 2020 | $ (106,799) | $ 0 | $ 34 | $ 177,084 | $ (283,917) |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Cash flows from operating activities: | ||
Net loss | $ (62,939) | $ (3,385) |
Adjustments to reconcile net loss to net cash used in operations: | ||
Stockholder advances funding operations | 66,148 | 0 |
Changes in operating assets and liabilities: | ||
Accounts payable and accrued expenses | (7,777) | 465 |
Accrued interest - related party | 4,568 | 2,920 |
Net cash used in operating activities | 0 | 0 |
Net change in cash | 0 | 0 |
Cash at beginning of year | 0 | 0 |
Cash at end of year | 0 | 0 |
Supplemental cash flow information | ||
Cash paid for interest | 0 | 0 |
Cash paid for taxes | 0 | 0 |
Supplemental Disclosure of Non-Cash Financing Activity | ||
Issuance of promissory note - related party for settlement of due to related party | $ 76,060 | $ 0 |
ORGANIZATION, DESCRIPTION OF BU
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN | 12 Months Ended |
Dec. 31, 2020 | |
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN | |
NOTE 1 - ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN | NOTE 1 – ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN Qiansui International Group, Co, Ltd. (“Qiansui” or “the Company”) began its existence as the Pacific Development Corporation which was incorporated under the laws of the State of Colorado on September 21, 1992. On May 23, 2000, though a re-incorporation, the Company and Cheshire Holdings Inc. were merged into a single corporation existing under the laws of the State of Delaware. Effective January 14, 2021, the Company changed its name to from Ariel Clean Energy Inc. to Qiansui International Group Co. Ltd. On that same date, the Company effected a reverse split of our outstanding Class A common stock at a ratio of one (1) post -split share for each twenty (20) pre-split shares. All shares in these financial statements and notes retroactively reflect this reverse stock split. The Company is currently a shell company as defined in Rule 405 of the Securities Act, and is seeking new business opportunities with established business entities for merger with or acquisition of a target business. Change of Control Effective September 30, 2020, a change of control occurred with respect to the Company. Pursuant to a Securities Purchase Agreement (“ Agreement Buyer Sellers The Acquired Shares represent 82.55% of the total issued and outstanding Class A common stock of the Company. Going concern and Liquidity Considerations The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company does not have material assets, nor does it have operations or a source of revenue sufficient to cover its operation costs and allow it to continue as a going concern. The Company has an accumulated deficit of $283,917. The Company will be dependent upon the raising of additional capital through placement of common stock in order to implement its business plan, or merge with an operating company. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. 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 in existence. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. The officers and directors have committed to advancing certain operating costs of the Company, including compliance costs for being a public company. |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2020 | |
SIGNIFICANT ACCOUNTING POLICIES | |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The financial statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States. Use of Estimates and Assumptions The preparation of financial statements in conformity with GAAP 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. Actual results could differ from those estimates. Fair Value of Financial Instruments As required by the Fair Value Measurements and Disclosures Topic of the Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”), fair value is measured based on a three-tier fair value hierarchy, which 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 does not have any financial instruments subject to fair value measurements. The Company’s financial instruments consist primarily of accounts payable and accrued expenses, and related party loans and accrued interest. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and interest rates that approximate market interest rates for similar instruments. Concentrations of Credit Risks The Company’s financial instruments are not exposed to concentrations of credit risk. Related Parties The Company follows FASB ASC 850, “Related Party Disclosures,” for the identification of related parties and disclosure of related party transactions. Income Taxes The Company accounts for income taxes using the asset and liability method in accordance with FASB ASC 740, “Accounting for Income Taxes”. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. As at December 31, 2020 and 2019, the Company did not have any amounts recorded pertaining to uncertain tax positions. Basic and Diluted Net Loss per Share The Company computes loss per share in accordance with FASB ASC 260, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. The Company’s diluted loss per share is the same as the basic loss per share for the years ended December 31, 2020, and 2019, as there are no potential shares outstanding that would have a dilutive effect. Recently Issued Accounting Pronouncements Management has considered all recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements. |
STOCKHOLDERS EQUITY
STOCKHOLDERS EQUITY | 12 Months Ended |
Dec. 31, 2020 | |
STOCKHOLDERS EQUITY | |
NOTE 3 - STOCKHOLDERS' EQUITY | NOTE 3 - STOCKHOLDERS’ EQUITY The capitalization of the Company consists of the following classes of capital stock: Preferred Stock The authorized preferred stock consists of 50,000,000 shares with a per share par value of $0.000006. Any series of new preferred stock may be designated, fixed, and determined as provided by the board of directors or by the affirmative vote of a majority of the voting power of all the then outstanding shares of Class B Common Stock. No preferred stock was issued or outstanding as at December 31, 2020 and 2019. Common Stock January 14, 2021, the Company effected a reverse split of our outstanding Class A common stock at a ratio of one (1) post -split share for each twenty (20) pre-split shares. All shares in these financial statements and notes retroactively reflect this reverse stock split. Class A The authorized common stock consists of 1,000,000,000 shares of Class A Common Stock at a par value of $0.000006 per share. Each share of Class A common stock is entitled to one vote. The number of authorized shares of Class A common stock may be increased or decreased (but not below the number of shares outstanding) by the affirmative vote of the holders of capital stock representing a majority of the voting power of the outstanding shares of capital stock of the company entitled to vote. There were 5,664,989 shares of Class A common stock issued and outstanding at December 31, 2020 and 2019, respectively. Class B The authorized common stock consists of 200,000,000 shares of Class B Common Stock, $0.000006 par value per share. Each share of Class B of Common Stock is entitled to 10 votes. The number of authorized shares of Class B common stock may be increased or decreased (but not below the number of shares outstanding) by the affirmative vote of the holders of capital stock representing a majority of the voting power of the outstanding shares of capital stock of the company entitled to vote. There was no Class B Common Stock issued or outstanding as at December 31, 2020 and 2019. |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Dec. 31, 2020 | |
INCOME TAXES | |
NOTE 4 - INCOME TAXES | NOTE 4 - INCOME TAXES The Company follows FASB ASC 740-10-10 whereby an entity recognizes deferred tax assets and liabilities for future tax consequences or events that have been previously recognized in the Company’s financial statements or tax returns. The measurement of deferred tax assets and liabilities is based on provisions of enacted tax law. The effects of future changes in tax laws or rates are not anticipated. The Company does not conduct business in Delaware and is not required to file a Delaware corporate income tax return, thus, there is no state income tax provision (benefit) or state deferred assets or liabilities. The income tax (benefit) provision consists of the following: Year Ended December 31, 2020 2019 Loss before income tax $ (62,939 ) $ (3,385 ) Tax rate 21 % 21 % Income tax expense (benefit) at statutory rate (13,217 ) (711 ) Change in valuation allowance 13,217 711 Income tax expense (benefit) $ - $ - Deferred taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts recorded for tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows: As of December 31, 2020 2019 NOL Carryover 58,911 45,694 Valuation allowance (58,911 ) (45,694 ) Net deferred tax asset $ - $ - The reconciliation of the effective income tax rate to the U.S. federal statutory rate as of December 31, 2020 and 2019: As of December 31, 2020 2019 Federal income tax rate 21 % 21 % Increase in valuation allowance (21 %) (21 %) Effective income tax rate 0.0 % 0.0 % At December 31, 2020, the Company had $280,000 of the U.S. net operating losses (the “U.S. NOLs”), which begin to expire beginning in 2033. NOLs generated in tax years prior to December 31, 2018, can be carryforward for twenty years, whereas NOLs generated after December 31, 2018 can be carryforward indefinitely. The Company assesses the likelihood that deferred tax assets will not be realized. FASB ASC Topic 740, “Income Taxes” requires that a valuation allowance be established when it is “more likely than not” that all, or a portion of, deferred tax assets will not be realized. A review of all available positive and negative evidence needs to be considered, including the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies. After consideration of all the information available, management believes that uncertainty exists with respect to future realization of its deferred tax assets and has, therefore, established a full valuation allowance as of December 31, 2020 and 2019. The Company’s policy is to record interest and penalties associated with unrecognized tax benefits as additional income taxes in the statement of operations. As of January 1, 2020, the Company had no unrecognized tax benefits and no charge during 2020, and accordingly, the Company did not recognize any interest or penalties during 2020 related to unrecognized tax benefits. There is no accrual for uncertain tax positions as of December 31, 2020. The Company has not completed its evaluation of NOL utilization limitation under IRC Section 382, change of ownership rules, but believes that it had a change of ownership that would limit the amount of U.S. NOLs that could be utilized each year based on the “Internal Revenue Code, as Amended.” The last year that the Company filed it's income tax returns was for the tax year ended December 31, 2019. The Company’s tax returns are subject to examination by tax authorities beginning with the year ended December 31, 2016. |
RELATEDPARTY TRANSACTIONS
RELATEDPARTY TRANSACTIONS | 12 Months Ended |
Dec. 31, 2020 | |
RELATEDPARTY TRANSACTIONS | |
NOTE 5 - RELATED-PARTY TRANSACTIONS | NOTE 5 - RELATED-PARTY TRANSACTIONS Loan Payable (i) During the years ended December 31, 2020, and 2019, a corporation controlled by the Company’s former officer paid operating expenses totaling $51,721 and $0, respectively on behalf of the Company. Unpaid balances are due on demand and accrue an annual interest rate of 12%. For the years ended December 31, 2020 and 2019, the Company accrued interest of $2,209 and $2,920, respectively. On September 30, 2020, pursuant to the change of control (see Note 1), a corporation controlled by the Company’s former officer assigned to Mr. Yang all of its rights, titles and interests in and to certain loans made by it to the Company totaling $85,229 (principal of $76,060 and accrued interest of $9,169). (ii) During the year ended December 31, 2020, a corporation controlled by the Company’s officer paid operating expenses totaling $14,427 on behalf of the Company. The loan was unsecured, non-interest bearing and due on demand. (iii) As of December 31, 2020, and 2019, the Company recorded amounts due to related party of $14,427 and $24,339 and accrued interest of $0 and $6,960, respectively. These amounts exclude the promissory note discussed below. Promissory note On September 30, 2020, pursuant to the change of control (see Note1), the Company issued a promissory note to Mr. Yang, the majority shareholder and sole officer and director of the Company, for principal of $76,060 and accrued interest of $9,169. The amount was originally due to a corporation controlled by the Company’s former officer of the Company. The promissory note is payable on demand and accrue an annual interest rate of 12%. For the year ended December 31, 2020, the Company accrued interest of $2,358. |
SIGNIFICANT ACCOUNTING POLICI_2
SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2020 | |
SIGNIFICANT ACCOUNTING POLICIES | |
Basis of Presentation | The financial statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States. |
Use of Estimates and Assumptions | The preparation of financial statements in conformity with GAAP 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. Actual results could differ from those estimates. |
Fair Value of Financial Instruments | As required by the Fair Value Measurements and Disclosures Topic of the Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”), fair value is measured based on a three-tier fair value hierarchy, which 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 does not have any financial instruments subject to fair value measurements. The Company’s financial instruments consist primarily of accounts payable and accrued expenses, and related party loans and accrued interest. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and interest rates that approximate market interest rates for similar instruments. |
Concentrations of Credit Risks | The Company’s financial instruments are not exposed to concentrations of credit risk. |
Related Parties | The Company follows FASB ASC 850, “Related Party Disclosures,” for the identification of related parties and disclosure of related party transactions. |
Income Taxes | The Company accounts for income taxes using the asset and liability method in accordance with FASB ASC 740, “Accounting for Income Taxes”. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. As at December 31, 2020 and 2019, the Company did not have any amounts recorded pertaining to uncertain tax positions. |
Basic and Diluted Net Loss per Share | The Company computes loss per share in accordance with FASB ASC 260, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. The Company’s diluted loss per share is the same as the basic loss per share for the years ended December 31, 2020, and 2019, as there are no potential shares outstanding that would have a dilutive effect. |
Recently Issued Accounting Pronouncements | Management has considered all recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements. |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
INCOME TAXES | |
Schedule of income taxes | Year Ended December 31, 2020 2019 Loss before income tax $ (62,939 ) $ (3,385 ) Tax rate 21 % 21 % Income tax expense (benefit) at statutory rate (13,217 ) (711 ) Change in valuation allowance 13,217 711 Income tax expense (benefit) $ - $ - |
Schedule of deferred tax asset and liabilities | As of December 31, 2020 2019 NOL Carryover 58,911 45,694 Valuation allowance (58,911 ) (45,694 ) Net deferred tax asset $ - $ - |
Schedule of the reconciliation of the effective income tax rate | As of December 31, 2020 2019 Federal income tax rate 21 % 21 % Increase in valuation allowance (21 %) (21 %) Effective income tax rate 0.0 % 0.0 % |
ORGANIZATION DESCRIPTION OF BUS
ORGANIZATION DESCRIPTION OF BUSINESS AND GOING CONCERN (Details Narrative) - USD ($) | 1 Months Ended | 12 Months Ended | |
Sep. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | |
Accrued interest | $ 0 | $ 6,960 | |
Mr. Yang [Member] | |||
Total post split shares sold | 4,676,448 | ||
Loans | $ 85,229 | ||
Accrued interest | 9,169 | $ 2,358 | |
Principal amount | $ 76,060 |
STOCKHOLDERS EQUITY (Details Na
STOCKHOLDERS EQUITY (Details Narrative) - $ / shares | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Preferred stock, shares authorized | 50,000,000 | 50,000,000 |
Preferred stock, shares par value | $ 0.000006 | $ 0.000006 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common Stock Class A [Member] | ||
Preferred stock, shares par value | $ 0.000006 | $ 0.000006 |
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 |
Common stock, shares issued | 5,664,989 | 5,664,989 |
Common stock, shares outstanding | 5,664,989 | 5,664,989 |
Common stock, voting rights | one vote | |
Common Stock Class B [Member] | ||
Preferred stock, shares par value | $ 0.000006 | $ 0.000006 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, shares issued | 0 | 0 |
Common stock, shares outstanding | 0 | 0 |
Common stock, voting rights | 10 votes |
INCOME TAXES (Details)
INCOME TAXES (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
INCOME TAXES | ||
Loss before income tax | $ (62,939) | $ (3,385) |
Tax rate | 21.00% | 21.00% |
Income tax expense (benefit) at statutory rate | $ (13,217) | $ (711) |
Change in valuation allowance | 13,217 | 711 |
Income tax expense (benefit) | $ 0 | $ 0 |
INCOME TAXES (Details 1)
INCOME TAXES (Details 1) - USD ($) | Dec. 31, 2020 | Dec. 31, 2019 |
INCOME TAXES | ||
NOL Carryover | $ 58,911 | $ 45,694 |
Valuation Allowance | (58,911) | (45,694) |
Net deferred asset | $ 0 | $ 0 |
INCOME TAXES (Details 2)
INCOME TAXES (Details 2) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
INCOME TAXES | ||
Federal income tax rate | 21.00% | 21.00% |
Increase in valuation allowance | (21.00%) | (21.00%) |
Effective income tax rate | 0.00% | 0.00% |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) | 12 Months Ended |
Dec. 31, 2020USD ($) | |
INCOME TAXES | |
Net operating loss | $ 280,000 |
Operating loss carryforwards expiration year | which begin to expire beginning in 2033 |
Operating loss carrying forward period | twenty years |
RELATEDPARTY TRANSACTI (Details
RELATEDPARTY TRANSACTI (Details Narrative) - USD ($) | 1 Months Ended | 12 Months Ended | |
Sep. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | |
Officers paid operating expenses | $ 14,427 | ||
Due to related party | 14,427 | $ 24,339 | |
Accrued interest | 0 | 6,960 | |
Mr. Yang [Member] | |||
Accrued interest | $ 9,169 | $ 2,358 | |
Annual interest rate | 12.00% | ||
Loans | 85,229 | ||
Principal amount | $ 76,060 | ||
Related Party Transaction [Member] | |||
Officers paid operating expenses | $ 51,721 | 0 | |
Accrued interest | $ 2,209 | $ 2,920 | |
Annual interest rate | 12.00% |