10-Q Filing

LANDBAY INC CIK: 1672572 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001017386-20-000441`
Period End Date	20200930
Filing Date	20201026
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	landbay-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 54 Cash Flow Statement 49 Stockholders Equity 20

Balance Sheet 47 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`	$16.71K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$17.13K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.08K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$69.52K	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
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Inventory	`InventoryNet`	$146.99K	USD	Point-in-time
Inventory	`InventoryNet`	$145.21K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	30.00M	shares	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`	$53.53K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$3.50K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$235.61K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$218.95K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.09K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.19K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$225.04K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$246.80K	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`	$2.23K	USD	Point-in-time
Other tax payable	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$1.92K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$59.33K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$41.91K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$59.33K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$41.91K	USD	Point-in-time
Common stock ($0.001 par value, 30,000,000 shares authorized, 30,000,000 shares issued and outstanding as of September 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 September 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`	$-189.95K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-150.77K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$165.71K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$204.88K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$256.52K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$40.24K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$47.52K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$177.54K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$246.80K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$225.04K	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Revenue- sales	`RevenueSales`	$2.52K	USD	2 Qtrs
Revenue- sales	`RevenueSales`	$2.52K	USD	1 Quarter
Revenue- sales	`RevenueSales`	$3.08K	USD	1 Quarter
Revenue- sales	`RevenueSales`	$3.08K	USD	2 Qtrs
Revenue- service	`RevenueService`	-	USD	1 Quarter
Revenue- service	`RevenueService`	$26.60K	USD	2 Qtrs
Revenue- service	`RevenueService`	-	USD	2 Qtrs
Revenue- service	`RevenueService`	$26.60K	USD	1 Quarter
Total revenue	`Revenues`	$29.12K	USD	1 Quarter
Total revenue	`Revenues`	$29.12K	USD	2 Qtrs
Total revenue	`Revenues`	$3.08K	USD	2 Qtrs
Total revenue	`Revenues`	$3.08K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$1.56K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$1.78K	USD	2 Qtrs
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$1.78K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$1.56K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$27.56K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$27.56K	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.30K	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.30K	USD	2 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$15.98K	USD	2 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$8.41K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$42.92K	USD	2 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$14.01K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$42.92K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$8.41K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$15.98K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$14.01K	USD	1 Quarter
Loss from commodity trading	`GainLossOnInvestments`	$-2.95K	USD	1 Quarter
Loss from commodity trading	`GainLossOnInvestments`	$-1.09K	USD	2 Qtrs
Loss from commodity trading	`GainLossOnInvestments`	$-2.67K	USD	2 Qtrs
Loss from commodity trading	`GainLossOnInvestments`	-	USD	1 Quarter
Interest and Dividends	`InterestAndDividendIncomeOperating`	$882.00	USD	1 Quarter
Interest and Dividends	`InterestAndDividendIncomeOperating`	$2.00	USD	2 Qtrs
Interest and Dividends	`InterestAndDividendIncomeOperating`	$3.53K	USD	2 Qtrs
Interest and Dividends	`InterestAndDividendIncomeOperating`	$1.00	USD	1 Quarter
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$882.00	USD	1 Quarter
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$-2.67K	USD	2 Qtrs
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.44K	USD	2 Qtrs
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$-2.94K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-27.35K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-7.28K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$8.92K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$16.20K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-11.83K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-39.18K	USD	2 Qtrs
Earnings (loss) per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Earnings (loss) per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Earnings (loss) per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Earnings (loss) per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.88M	shares	2 Qtrs
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.00M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.11M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.00M	shares	2 Qtrs

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-27.35K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-7.28K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$8.92K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$16.20K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-11.83K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-39.18K	USD	2 Qtrs
Depreciation expense	`Depreciation`	-	USD	2 Qtrs
Depreciation expense	`Depreciation`	$5.10K	USD	2 Qtrs
Fair value change of short-term investments	`IncreaseDecreaseInEquitySecuritiesFvNi`	$-221.00	USD	2 Qtrs
Notes receivables	`IncreaseDecreaseInNotesReceivableCurrent`	$3.54K	USD	2 Qtrs
Notes receivables	`IncreaseDecreaseInNotesReceivableCurrent`	-	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-1.78K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-1.56K	USD	2 Qtrs
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$3.50K	USD	2 Qtrs
Other tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-11.96K	USD	2 Qtrs
Other tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$317.00	USD	2 Qtrs
Account receivable	`IncreaseDecreaseInAccountsReceivable`	$29.39K	USD	2 Qtrs
Account receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-38.79K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-30.87K	USD	2 Qtrs
Short-term investments	`IncomeLossFromEquityMethodInvestments`	$-13.45K	USD	2 Qtrs
Short-term investments	`IncomeLossFromEquityMethodInvestments`	$-1.27K	USD	2 Qtrs
Notes receivable	`IncreaseDecreaseInNotesReceivables`	$-20.00K	USD	2 Qtrs
Notes receivable	`IncreaseDecreaseInNotesReceivables`	$-27.24K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$21.27K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$40.69K	USD	2 Qtrs
Proceeds of loan from shareholder	`ProceedsFromRelatedPartyDebt`	$17.10K	USD	2 Qtrs
Proceeds of loan from shareholder	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from share issuance	`ProceedsFromIssuanceOfCommonStock`	$53.61K	USD	2 Qtrs
Proceeds from share issuance	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.10K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$53.61K	USD	2 Qtrs
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$63.44K	USD	2 Qtrs
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-420.00	USD	2 Qtrs
Cash at beginning of period:	`CashAndCashEquivalentsAtCarryingValue`	$16.71K	USD	Point-in-time
Cash at beginning of period:	`CashAndCashEquivalentsAtCarryingValue`	$17.13K	USD	Point-in-time
Cash at beginning of period:	`CashAndCashEquivalentsAtCarryingValue`	$6.08K	USD	Point-in-time
Cash at beginning of period:	`CashAndCashEquivalentsAtCarryingValue`	$69.52K	USD	Point-in-time
Cash at end of period:	`CashAndCashEquivalentsAtCarryingValue`	$16.71K	USD	Point-in-time
Cash at end 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`	$69.52K	USD	Point-in-time
Interest paid	`InterestPaidCapitalized`	-	USD	2 Qtrs
Interest paid	`InterestPaidCapitalized`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Shares issued for inventory and fixed asset	`StockIssued1`	$146.47K	USD	2 Qtrs
Shares issued for inventory and fixed asset	`StockIssued1`	-	USD	2 Qtrs

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$165.71K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$204.88K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$256.52K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$40.24K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$47.52K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$177.54K	USD	Point-in-time
Common shares issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$53.61K	USD	1 Quarter
Shares issued for inventory and fixed asset, amount	`StockIssuedDuringPeriodValueOther`	$146.47K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-27.35K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$8.92K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$16.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-39.18K	USD	2 Qtrs
Ending Balance, Amount	`StockholdersEquity`	$165.71K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$204.88K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$256.52K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$40.24K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$47.52K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$177.54K	USD	Point-in-time

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