10-Q Filing

LANDBAY INC CIK: 1672572 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-001867`
Period End Date	20201231
Filing Date	20210127
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	lnby-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 56 Cash Flow Statement 46 Stockholders Equity 26

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Class A common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Class A common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Class A common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Class A common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Class A common stock, shares issued	`CommonStockSharesIssued`	30.00M	shares	Point-in-time
Cash	`Cash`	$11.56K	USD	Point-in-time
Class A common stock, shares issued	`CommonStockSharesIssued`	30.00M	shares	Point-in-time
Cash	`Cash`	$17.13K	USD	Point-in-time
Class A common stock, shares outstanding	`CommonStockSharesOutstanding`	30.00M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.49K	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Class A common stock, shares outstanding	`CommonStockSharesOutstanding`	30.00M	shares	Point-in-time
Inventory	`InventoryNet`	$146.99K	USD	Point-in-time
Inventory	`InventoryNet`	$144.59K	USD	Point-in-time
Notes receivable, net	`NotesAndLoansReceivableNetCurrent`	$70.00K	USD	Point-in-time
Notes receivable, net	`NotesAndLoansReceivableNetCurrent`	$50.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$235.61K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$206.15K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.54K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.19K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$209.69K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$246.80K	USD	Point-in-time
Shareholder loans	`DueToRelatedPartiesCurrent`	$40.00K	USD	Point-in-time
Shareholder loans	`DueToRelatedPartiesCurrent`	$57.10K	USD	Point-in-time
Other tax payable	`TaxesPayableCurrent`	$70.00	USD	Point-in-time
Other tax payable	`TaxesPayableCurrent`	$1.92K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$57.17K	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`	$57.17K	USD	Point-in-time
Class A Common stock ($0.001 par value, 30,000,000 shares authorized, 30,000,000 shares issued and outstanding as of December 31, 2020 and March 31, 2020)	`CommonStockValue`	$30.00K	USD	Point-in-time
Class A Common stock ($0.001 par value, 30,000,000 shares authorized, 30,000,000 shares issued and outstanding as of December 31, 2020 and March 31, 2020)	`CommonStockValue`	$30.00K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapitalCommonStock`	$325.66K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapitalCommonStock`	$325.66K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-203.14K	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`	$40.24K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$47.52K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$256.52K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$177.54K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$240.78K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$152.52K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$204.88K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$246.80K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$209.69K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$2.40K	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$9.59K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$11.15K	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$620.00	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.46K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$165.00	USD	1 Quarter
Gross Profit	`GrossProfit`	$8.96K	USD	1 Quarter
Gross Profit	`GrossProfit`	$36.52K	USD	3 Qtrs
General and Administrative expenses	`GeneralAndAdministrativeExpense`	$24.71K	USD	1 Quarter
General and Administrative expenses	`GeneralAndAdministrativeExpense`	$14.25K	USD	1 Quarter
General and Administrative expenses	`GeneralAndAdministrativeExpense`	$57.17K	USD	3 Qtrs
General and Administrative expenses	`GeneralAndAdministrativeExpense`	$40.69K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$24.71K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$14.25K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$40.69K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$57.17K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-15.75K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-15.75K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-14.08K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-55.71K	USD	3 Qtrs
Loss from commodity trading	`GainLossOnInvestments`	-	USD	1 Quarter
Loss from commodity trading	`GainLossOnInvestments`	-	USD	1 Quarter
Loss from commodity trading	`GainLossOnInvestments`	$-2.67K	USD	3 Qtrs
Loss from commodity trading	`GainLossOnInvestments`	$-1.09K	USD	3 Qtrs
Interest and dividends	`InterestAndDividendIncomeOperating`	$2.00	USD	3 Qtrs
Interest and dividends	`InterestAndDividendIncomeOperating`	$883.00	USD	1 Quarter
Interest and dividends	`InterestAndDividendIncomeOperating`	$4.42K	USD	3 Qtrs
Interest and dividends	`InterestAndDividendIncomeOperating`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$14.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$14.00	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$897.00	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-2.66K	USD	3 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$3.34K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-15.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$16.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.19K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.83K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-52.37K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-11.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-27.35K	USD	1 Quarter
Loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.08M	shares	3 Qtrs
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.00M	shares	3 Qtrs
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.00M	shares	1 Quarter
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.00M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-15.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$16.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.19K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.83K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-52.37K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-11.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-27.35K	USD	1 Quarter
Depreciation expense	`Depreciation`	$7.65K	USD	3 Qtrs
Depreciation expense	`Depreciation`	-	USD	3 Qtrs
Fair value change of short-term investments	`FairValueChangeOfShorttermInvestments`	-	USD	3 Qtrs
Fair value change of short-term investments	`FairValueChangeOfShorttermInvestments`	$-221.00	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$16.82K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-2.40K	USD	3 Qtrs
Other tax payable	`IncreaseDecreaseINOtherTaxPayable`	$-1.84K	USD	3 Qtrs
Other tax payable	`IncreaseDecreaseINOtherTaxPayable`	$-10.31K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-43.93K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.95K	USD	3 Qtrs
Short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$1.27K	USD	3 Qtrs
Short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$27.24K	USD	3 Qtrs
Notes receivable	`ProceedsFromRepaymentsOfNotesReceivable`	$56.55K	USD	3 Qtrs
Notes receivable	`ProceedsFromRepaymentsOfNotesReceivable`	$-20.00K	USD	3 Qtrs
Net cash provided by(used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.31K	USD	3 Qtrs
Net cash provided by(used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$21.27K	USD	3 Qtrs
Proceeds of loan from shareholder	`ProceedsFromRelatedPartyDebt`	$40.00K	USD	3 Qtrs
Proceeds of loan from shareholder	`ProceedsFromRelatedPartyDebt`	$17.10K	USD	3 Qtrs
Proceeds from share issuance	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from share issuance	`ProceedsFromIssuanceOfCommonStock`	$53.61K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.10K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$93.61K	USD	3 Qtrs
Net increase (decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.56K	USD	3 Qtrs
Net increase (decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$30.35K	USD	3 Qtrs
Cash at beginning of period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.08K	USD	Point-in-time
Cash at beginning of period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$17.13K	USD	Point-in-time
Cash at beginning of period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$36.43K	USD	Point-in-time
Cash at beginning of period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.56K	USD	Point-in-time
Cash at end of period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.08K	USD	Point-in-time
Cash at end of period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$17.13K	USD	Point-in-time
Cash at end of period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$36.43K	USD	Point-in-time
Cash at end of period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.56K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Shares issued for inventory and fixed asset	`SharesIssuedForInventoryAndFixedAsset`	$146.47K	USD	3 Qtrs
Shares issued for inventory and fixed asset	`SharesIssuedForInventoryAndFixedAsset`	-	USD	3 Qtrs

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$165.71K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$40.24K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$47.52K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$256.52K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$177.54K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$240.78K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$152.52K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$204.88K	USD	Point-in-time
Shares issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$53.61K	USD	1 Quarter
Share issued for inventory and fixed asset	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$146.47K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$16.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.19K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.83K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-52.37K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-11.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-27.35K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$165.71K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$40.24K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$47.52K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$256.52K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$177.54K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$240.78K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$152.52K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$204.88K	USD	Point-in-time

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