Document and Entity Information
Document and Entity Information | 9 Months Ended |
Sep. 30, 2020shares | |
Details | |
Registrant CIK | 0001637242 |
Fiscal Year End | --12-31 |
Document Type | 10-Q |
Document Quarterly Report | true |
Document Period End Date | Sep. 30, 2020 |
Document Transition Report | false |
Entity File Number | 000-55819 |
Entity Registrant Name | STRONG SOLUTIONS INC. |
Entity Incorporation, State or Country Code | NV |
Entity Tax Identification Number | 38-3942046 |
Entity Address, Address Line One | 102 N. Curry Street |
Entity Address, City or Town | Carson City |
Entity Address, State or Province | NV |
Entity Address, Postal Zip Code | 89703 |
Entity Address, Address Description | Address of Principal Executive Offices |
City Area Code | 775 |
Local Phone Number | 434-4451 |
Phone Fax Number Description | Registrant’s telephone number |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | true |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
Entity Shell Company | false |
Entity Common Stock, Shares Outstanding | 37,093,000 |
Amendment Flag | false |
Document Fiscal Year Focus | 2020 |
Document Fiscal Period Focus | Q3 |
BALANCE SHEETS (September 30, 2
BALANCE SHEETS (September 30, 2020 Unaudited) - USD ($) | Sep. 30, 2020 | Dec. 31, 2019 |
Current assets: | ||
Cash and cash equivalents | $ 4,320 | $ 1,770 |
Construction equipment from related party, net of depreciation | 25,000 | 25,000 |
Accumulated Depreciation | (8,750) | (5,000) |
Total Current Assets | 20,570 | 21,770 |
Total Assets | 20,570 | 21,770 |
Current Liability | ||
Related Party Accrued Shareholder Salary | 140,500 | 131,500 |
Accounts Payable Loan from related party | 3,000 | 0 |
Total Liabilities | 143,500 | 131,500 |
Stockholders' Equity: | ||
Common Stock, Value | 3,709 | 3,629 |
Additional paid in capital | 352,221 | 344,301 |
Accumulated deficit | (478,860) | (457,660) |
Total stockholders' equity | (122,930) | (109,730) |
Total Liabilities and Stockholders' Equity | $ 20,570 | $ 21,770 |
BALANCE SHEETS (September 30,_2
BALANCE SHEETS (September 30, 2020 Unaudited) - Parenthetical - $ / shares | Sep. 30, 2020 | Dec. 31, 2019 |
Details | ||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Shares, Issued | 37,093,000 | 36,293,000 |
Common Stock, Shares, Outstanding | 37,093,000 | 36,293,000 |
STATEMENTS OF OPERATIONS (Unaud
STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Details | ||||
Commissions revenue | $ 2,650 | $ 3,660 | $ 6,280 | $ 8,330 |
Operating expenses: | ||||
General and administration expense | 4,378 | 3,857 | 13,130 | 22,677 |
Related Party office rent, relocation and salary expense | 4,450 | 4,950 | 11,350 | 14,850 |
Loan from Related Party | 0 | 0 | 3,000 | 0 |
Total operating expenses | 8,828 | 8,807 | 27,480 | 37,527 |
Net (loss) from operations before income taxes | (6,178) | (5,147) | (21,200) | (29,197) |
Income tax | 0 | 0 | 0 | 0 |
Net income (loss) | $ (6,178) | $ (5,147) | $ (21,200) | $ (29,197) |
Profit (Loss) per common share | $ 0 | $ 0 | $ 0 | $ 0 |
Weights average of shares outstanding | 36,897,348 | 36,293,000 | 36,426,237 | 36,293,000 |
STATEMENTS OF STOCKHOLDERS' EQU
STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) (Unaudited) - USD ($) | Common Stock | Additional Paid-in Capital | Accumulated Deficit | Total |
Equity Balance, Starting at Dec. 31, 2018 | $ 3,629 | $ 344,301 | $ (422,725) | $ (74,795) |
Shares Outstanding, Starting at Dec. 31, 2018 | 36,293,000 | |||
Net Income (Loss) | $ 0 | 0 | (29,197) | (29,197) |
Shares Outstanding, Ending at Sep. 30, 2019 | 36,293,000 | |||
Equity Balance, Ending at Sep. 30, 2019 | $ 3,629 | 344,301 | (451,922) | (103,992) |
Equity Balance, Starting at Dec. 31, 2019 | $ 3,629 | 344,301 | (457,660) | (109,730) |
Shares Outstanding, Starting at Dec. 31, 2019 | 36,293,000 | |||
Stock Issued During Period, Value, New Issues | $ 80 | 7,920 | 0 | 8,000 |
Stock Issued During Period, Shares, New Issues | 800,000 | |||
Net Income (Loss) | $ 0 | 0 | (21,200) | (21,200) |
Shares Outstanding, Ending at Sep. 30, 2020 | 37,093,000 | |||
Equity Balance, Ending at Sep. 30, 2020 | $ 3,709 | $ 352,221 | $ (478,860) | $ (122,930) |
STATEMENTS OF CASH FLOWS (Unaud
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Cash flows from operating activities: | ||
Net income (loss) | $ (21,200) | $ (29,197) |
Changes in Operating Assets and Liabilities: | ||
Increase/(Decrease) in Accounts Payable | 12,000 | 13,500 |
Depreciation | 3,750 | 3,750 |
Net cash used in operating activities | (5,450) | (11,947) |
Cash flows from investing activities: | ||
Net cash used in investing activities | 0 | 0 |
Cash flows from financing activities: | ||
Proceeds from sale of common stock | 8,000 | 0 |
Net cash provided by financing activities | 8,000 | 0 |
Net change in cash | 2,550 | (11,947) |
Cash and Cash Equivalents, at Carrying Value, Beginning Balance | 1,770 | 13,705 |
Cash and Cash Equivalents, at Carrying Value, Ending Balance | 4,320 | 1,758 |
Supplemental Disclosures regarding cash flows information | ||
Interest paid | 0 | 0 |
Income taxes paid | $ 0 | $ 0 |
NOTE 1 - DESCRIPTION OF BUSINES
NOTE 1 - DESCRIPTION OF BUSINESS | 9 Months Ended |
Sep. 30, 2020 | |
Notes | |
NOTE 1 - DESCRIPTION OF BUSINESS | NOTE 1 DESCRIPTION OF BUSINESS Strong Solutions, Inc. (the Company) was incorporated under the laws of the State of Nevada on June 18, 2014 for engagement in business of real estate management, maintenance and rehabilitation and construction equipment rental in Ukraine. The Company provides this service for companies and for individuals outside of the United States of America. As a development-stage enterprise, the Company had operating revenues through September 30, 2020. Recorded Commission Revenue was generated from Ukrainian clients. The Company is currently devoting substantially all of its present efforts to securing and establishing a new business. |
NOTE 2 - GOING CONCERN
NOTE 2 - GOING CONCERN | 9 Months Ended |
Sep. 30, 2020 | |
Notes | |
NOTE 2 - GOING CONCERN | NOTE 2 GOING CONCERN The financial statements have been prepared assuming that the Company will continue as a going concern. Currently, the Company has a cash balance of $4,320 as of September 30, 2020 and net loss from operation of $6,178 for the three months ended September 30, 2020. These factors raise substantial doubt about the Companys ability to continue as a going concern. Management believes that the Companys capital requirements will depend on many factors including the success of our development efforts and our efforts to raise capital. Management also believes the Company needs to raise additional capital for working purposes. There is no assurance that such financing will be available in the future. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern. |
NOTE 3 - SUMMARY OF SIGNIFICANT
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Sep. 30, 2020 | |
Notes | |
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of estimates The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from these estimates. Revenue recognition We base our judgment on guidance ASC 606. Accounting Standards Update 2016-08. All revenues appear in current periods to be recognized as gross, so, there is no net revenue recognized in current periods. FASBs new single, principle-based approach to accounting for revenue from contracts with customers. As the entity, we involved in providing a good and provide service to the customers. In those circumstances, Topic 606 requires us to determine whether the nature of our promise is to provide that good or service to the customers (that is, the entity is a principal) or to arrange for the good or service to be provided to the customers by the other party (that is, the entity is an agent). This determination is based upon whether we control the good or the service before it is transferred to the customer. Some indicators help in this evaluation. 1. 2. 3. 4. The Company considered recognizes the revenue on the accrual basis, revenue is recognized when earned and services . We are principal, and recognize the gross amount received from the customer as revenue. Revenues are reported on the income statement Cash equivalents The Company considers all highly liquid instruments and tries to work in cash equivalent segment. The Companys funds are deposited in insured institutions. Income Taxes We are subject to income taxes in the U.S. For present time we dont have any current income tax obligations. The Company accounts for income taxes under the provisions of ASC Topic 740, Income Taxes . The asset and liability method require the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between tax bases and financial reporting bases of other assets and liabilities. Deferred tax asset would be the net operating loss carryforward value at tax rates. Our net (loss) from operations before income taxes for the three months ended September 30, 2020 was $6,178 and for the three months ended September 30, 2019 was $5,147. Income tax assets and liabilities are computed annually for differences between financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities. |
NOTE 4 - COMMON STOCK ISSUED AN
NOTE 4 - COMMON STOCK ISSUED AND OUTSTANDING | 9 Months Ended |
Sep. 30, 2020 | |
Notes | |
NOTE 4 - COMMON STOCK ISSUED AND OUTSTANDING | NOTE 4 COMMON STOCK ISSUED AND OUTSTANDING The company authorized 75,000,000 Common shares $0.0001 par value. For the period from January 1, 2020 to September 30, 2020 there were some changes in common stock. As of September 30, 2020, the Company had issued and outstanding 37,093,000 shares of common stock. We issued 1,293,000 common shares for cash at a purchase price of $0.01 We issued 5,000,000 common shares for cash at a purchase price of $0.002 We issued 800,000 common shares for cash at a purchase price of $0.01 30,000,000 shares were issued to our director Mr.Guzii for repayment of accrued salary on $30,000 and $270,000 of stock compensation value at $0,01 per share. This value was determined based on the previous sale of stock to unrelated parties at 0.01 per share. Mr. Guzii sold his 35,000,00 shares of common stock for $3,500 to NV Share Services LLC on May 18, 2020. On May 18, 2020, the company sold 400,000 shares of common stock to NV Share Services, LLC for $4,000.00. On August 14, 2020, the company sold 400,000 shares of common stock to NV Share Services, LLC for $4,000.00. |
NOTE 5 - FAIR VALUE OF FINANCIA
NOTE 5 - FAIR VALUE OF FINANCIAL INSTRUMENTS | 9 Months Ended |
Sep. 30, 2020 | |
Notes | |
NOTE 5 - FAIR VALUE OF FINANCIAL INSTRUMENTS | NOTE 5 FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying amounts of cash and cash equivalents approximate their fair values due to their short-term nature. |
NOTE 6 - CONCENTRATION OF CREDI
NOTE 6 - CONCENTRATION OF CREDIT RISK | 9 Months Ended |
Sep. 30, 2020 | |
Notes | |
NOTE 6 - CONCENTRATION OF CREDIT RISK | NOTE 6 CONCENTRATION OF CREDIT RISK The Company maintains cash balances at a Wells Fargo financial institution. The balance, at any given time, may exceed Federal Deposit Insurance Corporation (FDIC) insurance limits of $250,000 per institution. Our cash balances at September 30, 2020 were within FDIC insured limits. Concentration of revenues. The Company has only two clients from which we receive the income: Protel Management and firm Markus. It shows our dependence from them and in present time we can't diversify in order to mitigate the risks. We can have the potential for serious impact that can result from a complete or partial loss of business from our clients and as a consequence of the change in income. |
NOTE 7 - COMMITMENTS AND CONTIN
NOTE 7 - COMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Sep. 30, 2020 | |
Notes | |
NOTE 7 - COMMITMENTS AND CONTINGENCIES | NOTE 7 COMMITMENTS AND CONTINGENCIES The Company is not currently a party to any material legal proceedings, nor is we aware of any other pending or threatened litigation that would have a material adverse effect on our business, operating results, cash flows or financial condition should such litigation be resolved unfavorable. |
NOTE 8 - RELATED PARTY TRANSACT
NOTE 8 - RELATED PARTY TRANSACTIONS | 9 Months Ended |
Sep. 30, 2020 | |
Notes | |
NOTE 8 - RELATED PARTY TRANSACTIONS | NOTE 8 RELATED PARTY TRANSACTIONS Mr. Guzii is not any more our controlling shareholder. He represents the company and provides the services on our behalf to our clients firm Markus and Protel Management. We used his construction equipment to make our business with firm Markus from 2015 to 2018. End of the 2018 we put this equipment on the balance sheet since it is already our property. We rent office from Mr. Guzii. We paid him the office rent fee $150 per month. We booked expense $450 for office rent from this related party for the three months ended September 30, 2020, and we count rental expense on our books. Also, we paid $1,000 to Mr. Guzii for relocation. |
NOTE 9 - STOCKHOLDERS' EQUITY
NOTE 9 - STOCKHOLDERS' EQUITY | 9 Months Ended |
Sep. 30, 2020 | |
Notes | |
NOTE 9 - STOCKHOLDERS' EQUITY | NOTE 9 STOCKHOLDERS EQUITY From our inception on June 18, 2014 through September 30, 2020, the Company issued 37,093,000 shares of common stock. 35,000,000 for our founder, 1,293,000 for non-affiliated investors for cash, received proceeds of $12,930 sold at $0.01 per share. On May 18, 2020 NV Share Services LLC purchased 35,000,000 shares of Common Stock of the Company from Andrii Guzii for $3,500.00 in cash. May 18, 2020 Strong Solutions Inc. sold 400,000 common shares to NV Share Services LLC for $4,000. August 14, 2020 Strong Solutions Inc. sold 400,000 common shares to NV Share Services LLC for $4,000. |
NOTE 10 - SUBSEQUENT EVENTS
NOTE 10 - SUBSEQUENT EVENTS | 9 Months Ended |
Sep. 30, 2020 | |
Notes | |
NOTE 10 - SUBSEQUENT EVENTS | NOTE 10 SUBSEQUENT EVENTS In accordance with ASC 855 the Companys management reviewed all material events through the date these financial statements were available to be issued, and there are no material subsequent events. |
NOTE 3 - SUMMARY OF SIGNIFICA_2
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Use of estimates (Policies) | 9 Months Ended |
Sep. 30, 2020 | |
Policies | |
Use of estimates | Use of estimates The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from these estimates. |
NOTE 3 - SUMMARY OF SIGNIFICA_3
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue recognition (Policies) | 9 Months Ended |
Sep. 30, 2020 | |
Policies | |
Revenue recognition | Revenue recognition We base our judgment on guidance ASC 606. Accounting Standards Update 2016-08. All revenues appear in current periods to be recognized as gross, so, there is no net revenue recognized in current periods. FASBs new single, principle-based approach to accounting for revenue from contracts with customers. As the entity, we involved in providing a good and provide service to the customers. In those circumstances, Topic 606 requires us to determine whether the nature of our promise is to provide that good or service to the customers (that is, the entity is a principal) or to arrange for the good or service to be provided to the customers by the other party (that is, the entity is an agent). This determination is based upon whether we control the good or the service before it is transferred to the customer. Some indicators help in this evaluation. 1. 2. 3. 4. The Company considered recognizes the revenue on the accrual basis, revenue is recognized when earned and services . We are principal, and recognize the gross amount received from the customer as revenue. Revenues are reported on the income statement |
NOTE 3 - SUMMARY OF SIGNIFICA_4
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cash equivalents (Policies) | 9 Months Ended |
Sep. 30, 2020 | |
Policies | |
Cash equivalents | Cash equivalents The Company considers all highly liquid instruments and tries to work in cash equivalent segment. The Companys funds are deposited in insured institutions. |
NOTE 3 - SUMMARY OF SIGNIFICA_5
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Income Taxes (Policies) | 9 Months Ended |
Sep. 30, 2020 | |
Policies | |
Income Taxes | Income Taxes We are subject to income taxes in the U.S. For present time we dont have any current income tax obligations. The Company accounts for income taxes under the provisions of ASC Topic 740, Income Taxes . The asset and liability method require the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between tax bases and financial reporting bases of other assets and liabilities. Deferred tax asset would be the net operating loss carryforward value at tax rates. Our net (loss) from operations before income taxes for the three months ended September 30, 2020 was $6,178 and for the three months ended September 30, 2019 was $5,147. Income tax assets and liabilities are computed annually for differences between financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities. |
NOTE 1 - DESCRIPTION OF BUSIN_2
NOTE 1 - DESCRIPTION OF BUSINESS (Details) | 9 Months Ended |
Sep. 30, 2020 | |
Details | |
Entity Incorporation, State or Country Code | NV |
Entity Incorporation, Date of Incorporation | Jun. 18, 2014 |
NOTE 2 - GOING CONCERN (Details
NOTE 2 - GOING CONCERN (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | |
Details | ||||||
Cash and cash equivalents | $ 4,320 | $ 1,758 | $ 4,320 | $ 1,758 | $ 1,770 | $ 13,705 |
Net income (loss) | $ (6,178) | $ (5,147) | $ (21,200) | $ (29,197) |
NOTE 4 - COMMON STOCK ISSUED _2
NOTE 4 - COMMON STOCK ISSUED AND OUTSTANDING (Details) - $ / shares | 9 Months Ended | 75 Months Ended | |||
Sep. 30, 2020 | Sep. 30, 2020 | Dec. 31, 2019 | Sep. 30, 2019 | Dec. 31, 2018 | |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 | 75,000,000 | ||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||
Entity Common Stock, Shares Outstanding | 37,093,000 | 37,093,000 | |||
Common Stock, Shares, Issued | 37,093,000 | 37,093,000 | 36,293,000 | ||
Common Stock, Shares, Outstanding | 37,093,000 | 37,093,000 | 36,293,000 | ||
Stock Issued During Period, Shares, New Issues | 37,093,000 | ||||
Transaction #1 | |||||
Stock Issued During Period, Shares, New Issues | 1,293,000 | ||||
Sale of Stock, Price Per Share | $ 0.01 | $ 0.01 | |||
Transaction #2 | |||||
Stock Issued During Period, Shares, New Issues | 5,000,000 | ||||
Sale of Stock, Price Per Share | $ 0.002 | 0.002 | |||
Transaction #3 | |||||
Stock Issued During Period, Shares, New Issues | 800,000 | ||||
Sale of Stock, Price Per Share | $ 0.01 | 0.01 | |||
Transaction #4 | |||||
Stock Issued During Period, Shares, New Issues | 30,000,000 | ||||
Sale of Stock, Price Per Share | $ 1 | $ 1 | |||
Common Stock | |||||
Shares, Outstanding | 37,093,000 | 37,093,000 | 36,293,000 | 36,293,000 | 36,293,000 |
Stock Issued During Period, Shares, New Issues | 800,000 |
NOTE 8 - RELATED PARTY TRANSA_2
NOTE 8 - RELATED PARTY TRANSACTIONS (Details) | 3 Months Ended |
Sep. 30, 2020USD ($) | |
Details | |
Payments for Rent | $ 450 |
Payment to related party for relocation | $ 1,000 |
NOTE 9 - STOCKHOLDERS' EQUITY (
NOTE 9 - STOCKHOLDERS' EQUITY (Details) - USD ($) | 9 Months Ended | 75 Months Ended |
Sep. 30, 2020 | Sep. 30, 2020 | |
Details | ||
Stock Issued During Period, Shares, New Issues | 37,093,000 | |
Stock Issued | $ 12,930 |