Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Apr. 14, 2017 | Jun. 30, 2016 | |
Document And Entity Information | |||
Entity Registrant Name | MAKINGORG, INC. | ||
Entity Central Index Key | 1,569,083 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2016 | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Is Entity a Well-known Seasoned Issuer? | No | ||
Is Entity a Voluntary Filer? | No | ||
Is Entity's Reporting Status Current? | Yes | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Public Float | $ 2,502,133 | ||
Entity Common Stock, Shares Outstanding | 35,430,000 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2,016 |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Current Assets | ||
Cash and cash equivalents | $ 165,481 | |
Prepaid expenses and other current assets | 12,150 | |
Total Assets | 177,631 | |
Current Liabilities | ||
Accounts payable and accrued liabilities | 8,075 | 7,482 |
Due to related party | 74,579 | 38,309 |
Total Current Liabilities | 82,654 | 45,791 |
Long Term Liabilities | ||
Convertible note payable net of discount $32,381 | 167,619 | |
TOTAL LIABILITIES | 250,273 | 45,791 |
Stockholders' Deficit | ||
Preferred stock, par value $0.001; 50,000,000 shares authorized, zero shares issued and outstanding | ||
Common stock, par value $0.001; 150,000,000 shares authorized, 35,430,000 shares issued and outstanding | 35,430 | 35,430 |
Additional paid-in capital | 27,592 | (11,265) |
Accumulated deficit | (135,664) | (69,956) |
Total Stockholders' Deficit | (72,642) | (45,791) |
Total Liabilities and Stockholders' Deficit | $ 177,631 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 | Aug. 22, 2014 |
Current Liabilities | |||
Debt discount of convertible note payable (in dollars) | $ 32,381 | ||
Stockholders' Deficit | |||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 | |
Preferred stock, shares authorized | 50,000,000 | 50,000,000 | |
Preferred stock, shares issued | 0 | 0 | |
Preferred stock, shares outstanding | 0 | 0 | |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 150,000,000 | 150,000,000 | 75,000,000 |
Common stock, shares issued | 35,430,000 | 35,430,000 | |
Common stock, shares outstanding | 35,430,000 | 35,430,000 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Statements Of Operations | ||
REVENUES | ||
OPERATING EXPENSES | ||
General and administrative | 12,048 | 644 |
Professional fees | 39,184 | 27,209 |
TOTAL OPERATING EXPENSES | 51,232 | 27,853 |
OTHER INCOME (EXPENSE) | ||
Income expense | (14,476) | |
TOTAL OTHER INCOME (EXPENSE) | (14,476) | |
LOSS BEFORE INCOME TAX | (65,708) | (27,853) |
Income tax provision | ||
NET LOSS | $ (65,708) | $ (27,853) |
NET LOSS PER COMMON SHARE: BASIC AND DILUTED | $ 0 | $ 0 |
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING: BASIC AND DILUTED | 35,430,000 | 35,430,000 |
STATEMENTS OF STOCKHOLDERS' DEF
STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($) | Common Stock | Additional Paid-In Capital | Accumulated Deficit | Total |
Beginning Balance, Shares at Dec. 31, 2014 | 35,430,000 | |||
Beginning Balance, Amount at Dec. 31, 2014 | $ 35,430 | $ (11,265) | $ (42,103) | $ (17,938) |
Net loss | (27,853) | (27,853) | ||
Ending Balance, Shares at Dec. 31, 2015 | 35,430,000 | |||
Ending Balance, Amount at Dec. 31, 2015 | $ 35,430 | (11,265) | (69,956) | (45,791) |
Issuance of promissory note | 38,857 | 38,857 | ||
Net loss | (65,708) | (65,708) | ||
Ending Balance, Shares at Dec. 31, 2016 | 35,430,000 | |||
Ending Balance, Amount at Dec. 31, 2016 | $ 35,430 | $ 27,592 | $ (135,664) | $ (72,642) |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (65,708) | $ (27,853) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Amortization of debt discount | 6,476 | |
Changes in assets and liabilities: | ||
Prepaid expenses and other current assets | (12,150) | |
Accounts payable and accrued liabilities | 593 | 7,131 |
CASH FLOWS USED IN OPERATING ACTIVITIES | (70,789) | (20,722) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds for convertible note | 200,000 | |
Loan from related party | 36,270 | 20,722 |
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | 236,270 | 20,722 |
NET INCREASE IN CASH AND CASH EQUIVALENTS | 165,481 | |
Cash and cash equivalents, beginning of period | ||
Cash and cash equivalents, end of period | 165,481 | |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||
Interest paid | ||
Income taxes paid | ||
NON-CASH FINANCING ACTIVITIES: | ||
Beneficial conversion feature recognition | $ (38,857) |
ORGANIZATION AND NATURE OF BUSI
ORGANIZATION AND NATURE OF BUSINESS | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS | MakingORG, Inc. was incorporated under the laws of the State of Nevada on August 10, 2012. The Company now intends to open a line of health food stores or stores-in-stores within the Asian communities in the United States. The trading symbol of the Company is "CQCQ" and the fiscal year end is December 31. On October 20, 2016, the Company filed documents registering their intention to transact interstate business in the state of California. On November 29, 2016, the Company incorporated HK Feng Wang Group Limited. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. Accounting Basis The Company uses the accrual basis of accounting and has adopted a December 31 fiscal year end. Use of Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the U.S requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the financial statement date, and reported amounts of revenue and expenses during the reporting period. Significant estimates are used in valuing the fair value of common stock issued for services, among others. Actual results could differ from these estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $165,481 and nil cash and cash equivalents as at December 31, 2016 and 2015. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets include primarily prepaid consulting fee, deposit for product processing fee and security deposit for rent. As of December 31, 2016 and 2015, prepaid expenses and other current assets was $12,150 and nil, respectively. Revenue Recognition The Company recognizes revenue when (1) delivery of product has occurred or services have been rendered, (2) there is persuasive evidence of a sale arrangement, (3) selling prices are fixed or determinable, and (4) collectability from the customer is reasonably assured. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Basic Income (Loss) Per Share Basic income (loss) per share is calculated by dividing the Companys net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Companys net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as at December 31, 2016 and 2015. Related Parties The Company follows ASC 850, "Related Party Disclosures," for the identification of related parties and disclosure of related party transactions. Fair Value of Financial Instruments Fair value is defined as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk including the Companys own credit risk. In addition to defining fair value, the standard expands the disclosure requirements around fair value and establishes a fair value hierarchy for valuation inputs. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. Each fair value measurement is reported in one of the three levels which are determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are: Level 1 inputs are based upon unadjusted quoted prices for identical instruments traded in active markets. Level 2 inputs are based upon significant observable inputs other than quoted prices included in Level 1, such as quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 inputs are generally unobservable and typically reflect managements estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques. As of December 31, 2016, the balances reported for cash and cash equivalents, accrued expenses and due to related party approximate their fair value because of their short maturities. Notes payable are recorded at agreed values. Recently Issued Accounting Pronouncements Management has considered all recent accounting pronouncements issued since the last audit of the Companys financial statements. The Companys management believes that these recent pronouncements will not have a material effect on the Companys financial statements. |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
NOTE 3 - GOING CONCERN | The accompanying financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern. The Company currently has an accumulated deficit, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These financial statements do not include adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of managements efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern. |
DUE TO RELATED PARTY
DUE TO RELATED PARTY | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
NOTE 4 - DUE TO RELATED PARTY | During the years ended December 31, 2016 and 2015, the Company's sole officer advanced to the Company an amount of $36,270 and $20,722, respectively, by the way of loan. The officer paid expenses directly on behalf of the Company. As at December 31, 2016 and 2015, the Company was obligated to the officer, for an unsecured, non-interest bearing demand loan with a balance of $74,579 and $38,309, respectively. |
CONVERTIBLE NOTE PAYABLE
CONVERTIBLE NOTE PAYABLE | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
NOTE 5 - CONVERTIBLE NOTE PAYABLE | On September 1, 2016, the Company entered into a Convertible Note Agreement in the principal amount of $200,000 with an unrelated party. The note bears interest at 12% per annum and the holder is able to convert all unpaid interest and principal into common shares at $3.50 per share. The note matures on September 1, 2018. The Company recognized a discount on the note of $38,857 at the agreement date. The interest expense was due every six months commencing of March 1, 2017 until the principal amount of this convertible note was paid in full. The Company recognized interest expense related to the debt discount of $14,476 for the year ended December 31, 2016. The unamortized debt discount at December 31, 2016 is $32,381. |
EQUITY
EQUITY | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
NOTE 6 - EQUITY | Preferred Stock On August 22, 2014, the Company amended and restated Articles of Incorporation and authorized 50,000,000 preferred shares with a par value of $0.001 per share. There were no preferred shares issued and outstanding as at December 31, 2016 and December 31, 2015. Common Stock The Company has 150,000,000, $0.001 par value shares of common stock authorized. On August 22, 2014, the Company amended and restated Articles of Incorporation and increased the amount of authorized shares of common stock from 75,000,000 to 150,000,000, with a par value of $0.001 per share. Effective August 22, 2014, the Company effected a 6 for 1 forward split on its common stock outstanding in the form of a dividend, under which each stockholder of record on that date received 5 additional shares of the Corporation's $0.001 par value common stock for every 1 share owned. The Companys balance sheets, statements of operations, and all share and per shares amounts herein, were retroactively adjusted to give effect to the 6 for 1 forward split. As at December 31, 2016 and 2015, the Company has 35,430,000 shares issued and outstanding. |
COMMITMENTS
COMMITMENTS | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
NOTE 7 - COMMITMENTS | Operating Lease The Company has operating leases for its office. Rental expenses for the years ended December 31, 2016 and 2015 were $3,000 and nil, respectively. At December 31, 2016, total future minimum annual lease payments under operating lease was as follows, by years: Twelve months ending December 31, 2017 $ 9,000 Thereafter - Total $ 9,000 |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
NOTE 8 - INCOME TAXES | The Company provides for income taxes under ASC 740, "Income Taxes. ASC 740 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax basis of assets and liabilities and the tax rates in effect when these differences are expected to reverse. It also requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company is subject to taxation in the United States and certain state jurisdictions. The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 34% to the net loss before provision for income taxes for the following reasons: For the Years Ended December 31, 2016 2015 Tax benefit at statutory rates $ 22,341 $ 9,470 Change in valuation allowance (22,341 ) (9,470 ) Net provision for income taxes $ - $ - Net deferred tax assets consist of the following components as of: December 31, 2016 2015 Deferred tax asset: Net operating loss carry forwards $ 46,126 $ 23,785 Valuation allowance (46,126 ) (23,785 ) Net deferred tax asset $ - $ - Due to the change in ownership provisions of the Income Tax laws of United States of America, net operating loss carry forwards of approximately $135,700, which expire commencing in fiscal 2032, for federal income tax reporting purposes are subject to annual limitations. When a change in ownership occurs, net operating loss carry forwards may be limited as to use in future years. |
SUBSEQUENT EVENT
SUBSEQUENT EVENT | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
NOTE 9 - SUBSEQUENT EVENT | The Company has evaluated all other subsequent events through the date the financial statements were issued, and determine that there were no other subsequent events or transactions that require recognition or disclosures in the financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN16
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2016 | |
Summary Of Significant Accounting Policies Policies | |
Basis of Presentation | The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. |
Accounting Basis | The Company uses the accrual basis of accounting and has adopted a December 31 fiscal year end. |
Use of Estimates | The preparation of the financial statements in conformity with accounting principles generally accepted in the U.S requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the financial statement date, and reported amounts of revenue and expenses during the reporting period. Significant estimates are used in valuing the fair value of common stock issued for services, among others. Actual results could differ from these estimates. |
Cash and Cash Equivalents | The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $165,481 and nil cash and cash equivalents as at December 31, 2016 and 2015. |
Prepaid Expenses and Other Current Assets | Prepaid expenses and other current assets include primarily prepaid consulting fee, deposit for product processing fee and security deposit for rent. As of December 31, 2016 and 2015, prepaid expenses and other current assets was $12,150 and nil, respectively. |
Revenue Recognition | The Company recognizes revenue when (1) delivery of product has occurred or services have been rendered, (2) there is persuasive evidence of a sale arrangement, (3) selling prices are fixed or determinable, and (4) collectability from the customer is reasonably assured. |
Income Taxes | Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. |
Basic Income (Loss) Per Share | Basic income (loss) per share is calculated by dividing the Companys net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Companys net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as at December 31, 2016 and 2015. |
Related Parties | The Company follows ASC 850, "Related Party Disclosures," for the identification of related parties and disclosure of related party transactions. |
Fair Value of Financial Instruments | Fair value is defined as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk including the Companys own credit risk. In addition to defining fair value, the standard expands the disclosure requirements around fair value and establishes a fair value hierarchy for valuation inputs. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. Each fair value measurement is reported in one of the three levels which are determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are: Level 1 inputs are based upon unadjusted quoted prices for identical instruments traded in active markets. Level 2 inputs are based upon significant observable inputs other than quoted prices included in Level 1, such as quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 inputs are generally unobservable and typically reflect managements estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques. As of December 31, 2016, the balances reported for cash and cash equivalents, accrued expenses and due to related party approximate their fair value because of their short maturities. Notes payable are recorded at agreed values. |
Recently Issued Accounting Pronouncements | Management has considered all recent accounting pronouncements issued since the last audit of the Companys financial statements. The Companys management believes that these recent pronouncements will not have a material effect on the Companys financial statements. |
COMMITMENTS (Tables)
COMMITMENTS (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Commitments Tables | |
Schedule of Future Minimum Rental Payments for Operating Leases | At December 31, 2016, total future minimum annual lease payments under operating lease was as follows, by years: Twelve months ending December 31, 2017 $ 9,000 Thereafter - Total $ 9,000 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Income Taxes Tables | |
Schedule of Effective Income Tax Rate Reconciliation | The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 34% to the net loss before provision for income taxes for the following reasons: For the Years Ended December 31, 2016 2015 Tax benefit at statutory rates $ 22,341 $ 9,470 Change in valuation allowance (22,341 ) (9,470 ) Net provision for income taxes $ - $ - |
Schedule of Deferred Tax Assets and Liabilities | Net deferred tax assets consist of the following components as of: December 31, 2016 2015 Deferred tax asset: Net operating loss carry forwards $ 46,126 $ 23,785 Valuation allowance (46,126 ) (23,785 ) Net deferred tax asset $ - $ - |
ORGANIZATION AND NATURE OF BU19
ORGANIZATION AND NATURE OF BUSINESS (Details Narrative) | 12 Months Ended |
Dec. 31, 2016 | |
Organization And Nature Of Business Details Narrative | |
State of incorporation | State of Nevada |
Date of incorporation | Aug. 10, 2012 |
SUMMARY OF SIGNIFICANT ACCOUN20
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Summary Of Significant Accounting Policies Details Narrative | |||
Cash and cash equivalents | $ 165,481 | ||
Prepaid expenses and other current assets | $ 12,150 |
DUE TO RELATED PARTY (Details N
DUE TO RELATED PARTY (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Due to related party | $ 74,579 | $ 38,309 |
Loan from related party | 36,270 | 20,722 |
Officer [Member] | ||
Due to related party | 74,579 | 38,309 |
Loan from related party | $ 36,270 | $ 20,722 |
CONVERTIBLE NOTE PAYABLE (Detai
CONVERTIBLE NOTE PAYABLE (Details Narrative) | 12 Months Ended |
Dec. 31, 2016USD ($)$ / shares | |
Convertible Note Payable Details Narrative | |
Principal amount | $ 200,000 |
Interest rate | 12.00% |
Sahre price | $ / shares | $ 3.50 |
Maturity date | Sep. 1, 2018 |
Discount on convertible note payable | $ 38,857 |
Interest expense | 14,476 |
Unamortized debt discount | $ 32,381 |
EQUITY (Details Narrative)
EQUITY (Details Narrative) - $ / shares | 1 Months Ended | ||
Aug. 22, 2014 | Dec. 31, 2016 | Dec. 31, 2015 | |
Equity Details Narrative | |||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 | |
Preferred stock, shares authorized | 50,000,000 | 50,000,000 | |
Preferred stock, shares issued | 0 | 0 | |
Preferred stock, shares outstanding | 0 | 0 | |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 75,000,000 | 150,000,000 | 150,000,000 |
Common stock, shares issued | 35,430,000 | 35,430,000 | |
Common stock, shares outstanding | 35,430,000 | 35,430,000 | |
Forward stock split description | Company effected a 6 for 1 forward split on its common stock outstanding in the form of a dividend, under which each stockholder of record on that date received 5 additional shares of the Corporation's $0.001 par value common stock for every 1 share owned. |
COMMITMENTS (Details)
COMMITMENTS (Details) | Dec. 31, 2016USD ($) |
Commitments Details | |
Future minimum annual lease payments, twelve months | $ 9,000 |
Future minimum annual lease payments, thereafter | |
Future minimum annual lease payments, total | $ 9,000 |
COMMITMENTS (Details Narrative)
COMMITMENTS (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Commitments Details Narrative | ||
Rental expenses | $ 3,000 |
INCOME TAXES (Details)
INCOME TAXES (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Income Taxes Details | ||
Tax benefit at statutory rates | $ 22,341 | $ 9,470 |
Change in valuation allowance | (22,341) | (9,470) |
Net provision for income taxes |
INCOME TAXES (Details 1)
INCOME TAXES (Details 1) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Deferred tax asset: | ||
Net operating loss carry forwards | $ 46,126 | $ 23,785 |
Valuation allowance | (46,126) | (23,785) |
Net deferred tax asset |
INCOME TAXES (Detail Textuals)
INCOME TAXES (Detail Textuals) | 12 Months Ended |
Dec. 31, 2016USD ($) | |
Income Taxes Detail Textuals | |
Statutory federal income tax rate | 34.00% |
Operating loss carry forwards | $ 135,700 |
Federal income tax expire | 2,032 |