10-K Filing

LANDBAY INC CIK: 1672572 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001017386-20-000187`
Period End Date	20200331
Filing Date	20200630
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	landbay-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 32 Cash Flow Statement 38 Stockholders Equity 11

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.00K	USD	Point-in-time
Doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$27.55K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.08K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.50K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$17.13K	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$35.22K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	999.00M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.49K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Inventory	`InventoryNet`	$146.99K	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	9.99M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	30.00M	shares	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Notes receivable,net of allowance of doubtful accounts $5,000 and $27,555, respectively	`NotesAndLoansReceivableNetCurrent`	$70.00K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	30.00M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	9.64M	shares	Point-in-time
Notes receivable,net of allowance of doubtful accounts $5,000 and $27,555, respectively	`NotesAndLoansReceivableNetCurrent`	$18.45K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$235.61K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$59.75K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.19K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Total Noncurrent Asset	`AssetsNoncurrent`	-	USD	Point-in-time
Total Noncurrent Asset	`AssetsNoncurrent`	$11.19K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$246.80K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$59.75K	USD	Point-in-time
Shareholder loans	`DueToRelatedPartiesNoncurrent`	-	USD	Point-in-time
Shareholder loans	`DueToRelatedPartiesNoncurrent`	$40.00K	USD	Point-in-time
Tax payable	`TaxesPayableCurrent`	$12.23K	USD	Point-in-time
Tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Other tax payable	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$1.92K	USD	Point-in-time
Other tax payable	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$12.23K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$41.91K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$41.91K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$12.23K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES(Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES(Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock ($0.001 par value, 30,000,000 shares authorized, 30,000,000 shares issued and outstanding as of March 31, 2020; 9,990,000 shares issued; 9,638,650 outstanding as of March 31, 2019)	`CommonStockValue`	$9.99K	USD	Point-in-time
Common stock ($0.001 par value, 30,000,000 shares authorized, 30,000,000 shares issued and outstanding as of March 31, 2020; 9,990,000 shares issued; 9,638,650 outstanding as of March 31, 2019)	`CommonStockValue`	$30.00K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$325.66K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$145.94K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-150.77K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-108.06K	USD	Point-in-time
Less: Treasury stocks	`TreasuryStockValue`	$351.00	USD	Point-in-time
Less: Treasury stocks	`TreasuryStockValue`	-	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$204.88K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$47.52K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$67.38K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$246.80K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$59.75K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue- sales	`RevenueSales`	-	USD	Annual
Revenue- sales	`RevenueSales`	$21.07K	USD	Annual
Revenue- service	`RevenueService`	-	USD	Annual
Revenue- service	`RevenueService`	$26.60K	USD	Annual
Total revenue	`Revenues`	-	USD	Annual
Total revenue	`Revenues`	$47.68K	USD	Annual
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	-	USD	Annual
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$11.15K	USD	Annual
Gross Profit	`GrossProfit`	-	USD	Annual
Gross Profit	`GrossProfit`	$36.53K	USD	Annual
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$71.14K	USD	Annual
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$69.91K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$71.14K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$69.91K	USD	Annual
Loss from commodity trading	`GainLossOnInvestments`	$-18.49K	USD	Annual
Loss from commodity trading	`GainLossOnInvestments`	$-9.15K	USD	Annual
Fees and commission expense	`NoninterestExpenseCommissionExpense`	$1.21K	USD	Annual
Fees and commission expense	`NoninterestExpenseCommissionExpense`	$184.00	USD	Annual
Interest & Dividends	`InterestAndDividendIncomeOperating`	$1.00	USD	Annual
Interest & Dividends	`InterestAndDividendIncomeOperating`	$4.91K	USD	Annual
Total other expense, net	`OtherExpenses`	$9.33K	USD	Annual
Total other expense, net	`OtherExpenses`	$14.79K	USD	Annual
Loss from operation before income tax	`OperatingIncomeLoss`	$-85.94K	USD	Annual
Loss from operation before income tax	`OperatingIncomeLoss`	$-42.72K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$12.23K	USD	Annual
Net loss	`NetIncomeLoss`	$-98.16K	USD	Annual
Net loss	`NetIncomeLoss`	$-42.72K	USD	Annual
Net loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Net loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.99M	shares	Annual
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.12M	shares	Annual

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-98.16K	USD	Annual
Net loss	`NetIncomeLoss`	$-42.72K	USD	Annual
Depreciation expense	`Depreciation`	$5.10K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$27.55K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$5.00K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-16.82K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	-	USD	Annual
Tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-10.31K	USD	Annual
Tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$12.23K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-59.74K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-58.38K	USD	Annual
Short-term investments	`IncomeLossFromEquityMethodInvestments`	$-83.97K	USD	Annual
Short-term investments	`IncomeLossFromEquityMethodInvestments`	$-33.73K	USD	Annual
Notes receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$56.55K	USD	Annual
Notes receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$21.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$62.97K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.83K	USD	Annual
Cash from issuance of shares	`ProceedsFromIssuanceOfCommonStock`	$53.61K	USD	Annual
Cash from issuance of shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Shareholder loan	`ProceedsFromRelatedPartyDebt`	$40.00K	USD	Annual
Shareholder loan	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$93.61K	USD	Annual
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.59K	USD	Annual
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.04K	USD	Annual
Cash at beginning of period:	`CashAndCashEquivalentsAtCarryingValue`	$6.08K	USD	Point-in-time
Cash at beginning of period:	`CashAndCashEquivalentsAtCarryingValue`	$1.50K	USD	Point-in-time
Cash at beginning of period:	`CashAndCashEquivalentsAtCarryingValue`	$17.13K	USD	Point-in-time
Cash at end of period:	`CashAndCashEquivalentsAtCarryingValue`	$6.08K	USD	Point-in-time
Cash at end of period:	`CashAndCashEquivalentsAtCarryingValue`	$1.50K	USD	Point-in-time
Cash at end of period:	`CashAndCashEquivalentsAtCarryingValue`	$17.13K	USD	Point-in-time
Interest paid	`InterestPaidCapitalized`	-	USD	Annual
Interest paid	`InterestPaidCapitalized`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$12.23K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Shares issued for inventory and fixed asset	`StockIssued1`	$146.65K	USD	Annual
Shares issued for inventory and fixed asset	`StockIssued1`	-	USD	Annual
Contribution form shareholder	`ProceedsFromContributedCapital`	$78.30K	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$204.88K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$47.52K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$67.38K	USD	Point-in-time
Contribution from shareholder	`ProceedsFromContributedCapital`	$78.30K	USD	Annual
Common shares issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$53.61K	USD	Annual
Shares issued for inventory and fixed asset, amount	`StockIssuedDuringPeriodValueOther`	$146.47K	USD	Annual
Net loss	`NetIncomeLoss`	$-98.16K	USD	Annual
Net loss	`NetIncomeLoss`	$-42.72K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$204.88K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$47.52K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$67.38K	USD	Point-in-time

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