10-Q Filing

LANDBAY INC CIK: 1672572 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001017386-20-000243`
Period End Date	20200630
Filing Date	20200803
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	landbay-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 18 Cash Flow Statement 29 Stockholders Equity 10

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.12K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.08K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$17.13K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$29.16K	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.49K	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.49K	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	30.00M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	30.00M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	30.00M	shares	Point-in-time
Inventory	`InventoryNet`	$146.99K	USD	Point-in-time
Inventory	`InventoryNet`	$146.99K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	30.00M	shares	Point-in-time
Notes receivable,net	`NotesAndLoansReceivableNetCurrent`	$70.00K	USD	Point-in-time
Notes receivable,net	`NotesAndLoansReceivableNetCurrent`	$52.65K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$230.30K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$235.61K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.64K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.19K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$246.80K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$238.94K	USD	Point-in-time
Shareholder loans	`DueToRelatedPartiesNoncurrent`	$57.10K	USD	Point-in-time
Shareholder loans	`DueToRelatedPartiesNoncurrent`	$40.00K	USD	Point-in-time
Other tax payable	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$1.92K	USD	Point-in-time
Other tax payable	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$1.92K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$59.02K	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`	$59.02K	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 June 30, 2020 and March 31,2020	`CommonStockValue`	$30.00K	USD	Point-in-time
Common stock ($0.001 par value, 30,000,000 shares authorized, 30,000,000 shares issued and outstanding as of June 30, 2020 and March 31,2020	`CommonStockValue`	$30.00K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$325.66K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$325.66K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-175.74K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-150.77K	USD	Point-in-time
Less: Treasury stocks	`TreasuryStockValue`	-	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$47.52K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$179.92K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$204.88K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$40.24K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$246.80K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$238.94K	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$28.88K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$7.56K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$28.88K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$7.56K	USD	1 Quarter
Loss from commodity trading	`GainLossOnInvestments`	-	USD	1 Quarter
Loss from commodity trading	`GainLossOnInvestments`	$279.00	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	$1.27K	USD	1 Quarter
Interest & Dividends	`InterestAndDividendIncomeOperating`	$2.65K	USD	1 Quarter
Interest & Dividends	`InterestAndDividendIncomeOperating`	$1.00	USD	1 Quarter
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$280.00	USD	1 Quarter
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$3.92K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.28K	USD	1 Quarter
Net loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.64M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.00M	shares	1 Quarter

Cash Flow Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-24.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.28K	USD	1 Quarter
Depreciation expense	`Depreciation`	$2.55K	USD	1 Quarter
Depreciation expense	`Depreciation`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.41K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.28K	USD	1 Quarter
Short-term investments	`IncomeLossFromEquityMethodInvestments`	$-19.32K	USD	1 Quarter
Notes receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$-17.35K	USD	1 Quarter
Notes receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$5.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$14.32K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$17.35K	USD	1 Quarter
Shareholder loan	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Shareholder loan	`ProceedsFromRelatedPartyDebt`	$17.10K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.10K	USD	1 Quarter
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.04K	USD	1 Quarter
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$12.04K	USD	1 Quarter
Cash at beginning of period:	`CashAndCashEquivalentsAtCarryingValue`	$13.12K	USD	Point-in-time
Cash at beginning of period:	`CashAndCashEquivalentsAtCarryingValue`	$6.08K	USD	Point-in-time
Cash at beginning of period:	`CashAndCashEquivalentsAtCarryingValue`	$17.13K	USD	Point-in-time
Cash at beginning of period:	`CashAndCashEquivalentsAtCarryingValue`	$29.16K	USD	Point-in-time
Cash at end of period:	`CashAndCashEquivalentsAtCarryingValue`	$13.12K	USD	Point-in-time
Cash at end of period:	`CashAndCashEquivalentsAtCarryingValue`	$6.08K	USD	Point-in-time
Cash at end of period:	`CashAndCashEquivalentsAtCarryingValue`	$17.13K	USD	Point-in-time
Cash at end of period:	`CashAndCashEquivalentsAtCarryingValue`	$29.16K	USD	Point-in-time
Interest paid	`InterestPaidCapitalized`	-	USD	1 Quarter
Interest paid	`InterestPaidCapitalized`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$47.52K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$179.92K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$204.88K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$40.24K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-24.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.28K	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquity`	$47.52K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$179.92K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$204.88K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$40.24K	USD	Point-in-time

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