10-Q Filing

LANDBAY INC CIK: 1672572 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001017386-19-000323`
Period End Date	20190930
Filing Date	20191118
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	landbay-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 55 Cash Flow Statement 41 Stockholders Equity 8

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash & cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.52K	USD	Point-in-time
Cash & cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.50K	USD	Point-in-time
Cash & cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.04K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash & cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.09K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	999.00M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	30.00M	shares	Point-in-time
Short term investments	`ShortTermInvestments`	$7.97K	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	9.99M	shares	Point-in-time
Short term investments	`ShortTermInvestments`	$35.22K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$27.00K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	9.64M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	30.00M	shares	Point-in-time
Inventory	`InventoryNet`	$126.98K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	351,350.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	-	shares	Point-in-time
Deferred Tax Assets	`DeferredIncomeTaxAssetsNet`	$11.76K	USD	Point-in-time
Deferred Tax Assets	`DeferredIncomeTaxAssetsNet`	$11.76K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$243.23K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$56.06K	USD	Point-in-time
Equipments	`PropertyPlantAndEquipmentGross`	$33.25K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	-	USD	Point-in-time
Total Property and equipment, net	`PropertyPlantAndEquipmentNet`	$33.25K	USD	Point-in-time
Notes Receiveble	`NotesReceivableNet`	$35.55K	USD	Point-in-time
Notes Receiveble	`NotesReceivableNet`	$46.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$102.06K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$312.03K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Taxes Payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Taxes Payable	`TaxesPayableCurrent`	$12.23K	USD	Point-in-time
Loans Payable	`LoansPayableCurrent`	-	USD	Point-in-time
Loans Payable	`LoansPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.23K	USD	Point-in-time
Common Stock: 0.007 Par Value; 30,000,000 Shares Authorized; 30,000,000 shares issued; 30,000,000 outstanding	`CommonStockValue`	$213.60K	USD	Point-in-time
Common Stock: 0.007 Par Value; 30,000,000 Shares Authorized; 30,000,000 shares issued; 30,000,000 outstanding	`CommonStockValue`	$9.99K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$89.02K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$102.09K	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-3.66K	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-8.82K	USD	Point-in-time
Less: Treasury Stock	`TreasuryStockValue`	$351.00	USD	Point-in-time
Less: Treasury Stock	`TreasuryStockValue`	-	USD	Point-in-time
Total Stockholder's equity	`StockholdersEquity`	$89.84K	USD	Point-in-time
Total Stockholder's equity	`StockholdersEquity`	$312.03K	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$312.03K	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$102.06K	USD	Point-in-time

Income Statement 55 line items

Line Item	Tag	Value	Unit	Period
Furniture Sales	`Revenues`	$27.00K	USD	2 Qtrs
Furniture Sales	`Revenues`	-	USD	2 Qtrs
Furniture Sales	`Revenues`	$27.00K	USD	1 Quarter
Less: (Cost of Groods Sold)	`CostOfGoodsAndServicesSold`	$3.20K	USD	2 Qtrs
Gain (loss) from Investment	`GainLossOnInvestments`	$-2.66K	USD	2 Qtrs
Gain (loss) from Investment	`GainLossOnInvestments`	$-2.94K	USD	1 Quarter
Gain (loss) from Investment	`GainLossOnInvestments`	$70.20K	USD	2 Qtrs
Interest & Dividends	`InterestAndDividendIncomeOperating`	$1.00	USD	2 Qtrs
Interest & Dividends	`InterestAndDividendIncomeOperating`	$2.52K	USD	2 Qtrs
Interest & Dividends	`InterestAndDividendIncomeOperating`	$1.00	USD	1 Quarter
Trading Comissions	`PaymentsForBrokerageFees`	-	USD	2 Qtrs
Trading Comissions	`PaymentsForBrokerageFees`	-	USD	2 Qtrs
Trading Comissions	`PaymentsForBrokerageFees`	-	USD	1 Quarter
Unrealized Gain (loss) from Investments	`TradingSecuritiesUnrealizedHoldingGainLoss`	-	USD	1 Quarter
Unrealized Gain (loss) from Investments	`TradingSecuritiesUnrealizedHoldingGainLoss`	$25.49K	USD	2 Qtrs
Unrealized Gain (loss) from Investments	`TradingSecuritiesUnrealizedHoldingGainLoss`	-	USD	2 Qtrs
Less: (Fee and commission expense)	`NoninterestExpenseCommissionExpense`	$146.00	USD	2 Qtrs
Less: (Fee and commission expense)	`NoninterestExpenseCommissionExpense`	$740.00	USD	2 Qtrs
Less: (Fee and commission expense)	`NoninterestExpenseCommissionExpense`	-	USD	1 Quarter
Net Profit (loss)	`ProfitLoss`	$97.47K	USD	2 Qtrs
Net Profit (loss)	`ProfitLoss`	$20.99K	USD	2 Qtrs
Net Profit (loss)	`ProfitLoss`	$24.05K	USD	1 Quarter
Advertising	`AdvertisingExpense`	-	USD	1 Quarter
Advertising	`AdvertisingExpense`	$88.00	USD	2 Qtrs
Advertising	`AdvertisingExpense`	-	USD	2 Qtrs
Bank Service Charges	`GeneralAndAdministrativeExpense`	$196.00	USD	2 Qtrs
Bank Service Charges	`GeneralAndAdministrativeExpense`	$256.00	USD	2 Qtrs
Bank Service Charges	`GeneralAndAdministrativeExpense`	$158.00	USD	1 Quarter
Custodian Fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$155.00	USD	2 Qtrs
Custodian Fees	`NoninterestExpenseTransferAgentAndCustodianFees`	-	USD	1 Quarter
Custodian Fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$62.00	USD	2 Qtrs
Legal & Professional	`ProfessionalFees`	$13.05K	USD	2 Qtrs
Legal & Professional	`ProfessionalFees`	$18.62K	USD	2 Qtrs
Legal & Professional	`ProfessionalFees`	$7.77K	USD	1 Quarter
Office Supplies	`OtherGeneralAndAdministrativeExpense`	$58.00	USD	2 Qtrs
Office Supplies	`OtherGeneralAndAdministrativeExpense`	$58.00	USD	1 Quarter
Office Supplies	`OtherGeneralAndAdministrativeExpense`	$340.00	USD	2 Qtrs
Taxes, Licenses and Fees	`TaxesAndLicenses`	$422.00	USD	1 Quarter
Taxes, Licenses and Fees	`TaxesAndLicenses`	$2.37K	USD	2 Qtrs
Taxes, Licenses and Fees	`TaxesAndLicenses`	$577.00	USD	2 Qtrs
Total Expenses	`CostsAndExpenses`	$8.41K	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$15.83K	USD	2 Qtrs
Total Expenses	`CostsAndExpenses`	$19.95K	USD	2 Qtrs
Excess of Expenses over Revenues before Taxes	`OperatingIncomeLoss`	$77.52K	USD	2 Qtrs
Excess of Expenses over Revenues before Taxes	`OperatingIncomeLoss`	$5.16K	USD	2 Qtrs
Excess of Expenses over Revenues before Taxes	`OperatingIncomeLoss`	$15.64K	USD	1 Quarter
Provision for Taxes-Federal Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for Taxes-Federal Taxes	`IncomeTaxExpenseBenefit`	$16.96K	USD	2 Qtrs
Provision for Taxes-NY State Taxes	`IncomeTaxExpenseBenefitState`	$5.24K	USD	2 Qtrs
Provision for Taxes-NY State Taxes	`IncomeTaxExpenseBenefitState`	-	USD	2 Qtrs
Provision for Taxes-NYC Taxes	`IncomeTaxExpenseBenefitCity`	$7.15K	USD	2 Qtrs
Provision for Taxes-NYC Taxes	`IncomeTaxExpenseBenefitCity`	-	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$5.16K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$48.17K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$15.64K	USD	1 Quarter

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$5.16K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$48.17K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$15.64K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	2 Qtrs
Accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$-27.00K	USD	2 Qtrs
Accounts receivables	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-126.98K	USD	2 Qtrs
Short-Term Investments	`IncomeLossFromEquityMethodInvestments`	$-53.62K	USD	2 Qtrs
Short-Term Investments	`IncomeLossFromEquityMethodInvestments`	$27.24K	USD	2 Qtrs
Deferred Tax	`IncreaseDecreaseInDeferredIncomeTaxes`	$-2.00	USD	2 Qtrs
Income Tax Payables	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-12.23K	USD	2 Qtrs
Income Tax Payables	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$29.35K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-133.80K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.90K	USD	2 Qtrs
Purchases of leasehold improvements	`PaymentsForCapitalImprovements`	-	USD	2 Qtrs
Fixed Asset Purchases	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.25K	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.25K	USD	2 Qtrs
Loans	`ProceedsFromLoanOriginations1`	$10.45K	USD	2 Qtrs
Loans	`ProceedsFromLoanOriginations1`	$-22.60K	USD	2 Qtrs
Capital stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Capital stock	`ProceedsFromIssuanceOfCommonStock`	$203.62K	USD	2 Qtrs
Additional paid-in capital	`ProceedsFromContributionsFromParent`	$25.25K	USD	2 Qtrs
Additional paid-in capital	`ProceedsFromContributionsFromParent`	$13.43K	USD	2 Qtrs
Treasury stocks	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$227.49K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.65K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$26.55K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$60.44K	USD	2 Qtrs
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$69.52K	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.50K	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$28.04K	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$9.09K	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$69.52K	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$1.50K	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$28.04K	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$9.09K	USD	Point-in-time
Cash paid during the periods for: Interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid during the periods for: Interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid during the period for: Tax expenses	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid during the period for: Tax expenses	`IncomeTaxesPaid`	-	USD	2 Qtrs

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$89.84K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$312.03K	USD	Point-in-time
Net (Loss)	`NetIncomeLossAttributableToParentDiluted`	$5.76K	USD	2 Qtrs
Additional paid-in capital	`ProceedsFromContributionsFromParent`	$25.25K	USD	2 Qtrs
Additional paid-in capital	`ProceedsFromContributionsFromParent`	$13.43K	USD	2 Qtrs
Common shares issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$203.62K	USD	2 Qtrs
Ending Balance, Amount	`StockholdersEquity`	$89.84K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$312.03K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.