10-K Filing

LANDBAY INC CIK: 1672572 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001493152-21-015199`
Period End Date	20210331
Filing Date	20210624
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	lnby-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 30 Cash Flow Statement 44 Stockholders Equity 10

Balance Sheet 41 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`	$6.63K	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
Short-term investments	`ShortTermInvestments`	-	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
Class A common stock, shares outstanding	`CommonStockSharesOutstanding`	30.00M	shares	Point-in-time
Inventory	`InventoryNet`	$146.99K	USD	Point-in-time
Inventory	`InventoryNet`	$11.36K	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$70.00K	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$50.86K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$235.61K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$68.85K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.19K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$984.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$246.80K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$69.84K	USD	Point-in-time
Shareholder loans	`DueToRelatedPartiesCurrent`	$66.63K	USD	Point-in-time
Shareholder loans	`DueToRelatedPartiesCurrent`	$40.00K	USD	Point-in-time
Other tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Other tax payable	`TaxesPayableCurrent`	$1.92K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$41.91K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$66.63K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$66.63K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$41.91K	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 March 31, 2021 and 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 March 31, 2021 and 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`	$-150.77K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-352.45K	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`	$3.21K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$69.84K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$246.80K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.86K	USD	Annual
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$47.68K	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$2.40K	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$11.15K	USD	Annual
Inventory write-down	`InventoryWriteDown`	$-133.23K	USD	Annual
Inventory write-down	`InventoryWriteDown`	-	USD	Annual
Gross Profit (loss)	`GrossProfit`	$36.53K	USD	Annual
Gross Profit (loss)	`GrossProfit`	$-131.76K	USD	Annual
General and Administrative expenses	`GeneralAndAdministrativeExpense`	$74.12K	USD	Annual
General and Administrative expenses	`GeneralAndAdministrativeExpense`	$69.91K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$69.91K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$74.12K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-205.88K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-33.39K	USD	Annual
Loss from commodity trading	`GainLossOnInvestments`	$-9.15K	USD	Annual
Loss from commodity trading	`GainLossOnInvestments`	$-1.09K	USD	Annual
Interest and dividends	`InterestAndDividendIncomeOperating`	$1.00	USD	Annual
Interest and dividends	`InterestAndDividendIncomeOperating`	$5.28K	USD	Annual
Fees and commission expense	`NoninterestFeesAndCommissionExpense`	$-184.00	USD	Annual
Fees and commission expense	`NoninterestFeesAndCommissionExpense`	$15.00	USD	Annual
Other income	`OtherNonoperatingIncome`	$3.00	USD	Annual
Other income	`OtherNonoperatingIncome`	-	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	$4.21K	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	$-9.33K	USD	Annual
Net loss	`NetIncomeLoss`	$-42.72K	USD	Annual
Net loss	`NetIncomeLoss`	$-201.68K	USD	Annual
Loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.00M	shares	Annual
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.12M	shares	Annual

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-42.72K	USD	Annual
Net loss	`NetIncomeLoss`	$-201.68K	USD	Annual
Depreciation expense	`Depreciation`	$5.10K	USD	Annual
Depreciation expense	`Depreciation`	$10.21K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$5.00K	USD	Annual
Realized loss	`RealizedLoss`	$1.09K	USD	Annual
Realized loss	`RealizedLoss`	-	USD	Annual
Inventory write-down	`InventoryWriteDown`	$-133.23K	USD	Annual
Inventory write-down	`InventoryWriteDown`	-	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-2.40K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$16.82K	USD	Annual
Interest receivable (include in Notes receivable)	`IncreaseDecreaseInInterestReceivable`	-	USD	Annual
Interest receivable (include in Notes receivable)	`IncreaseDecreaseInInterestReceivable`	$863.00	USD	Annual
Other tax payable	`IncreaseDecreaseINOtherTaxPayable`	$-1.92K	USD	Annual
Other tax payable	`IncreaseDecreaseINOtherTaxPayable`	$-10.31K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-59.74K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-57.53K	USD	Annual
Short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$401.00	USD	Annual
Short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$33.73K	USD	Annual
Notes receivable	`ProceedsFromRepaymentsOfNotesReceivable`	$-20.00K	USD	Annual
Notes receivable	`ProceedsFromRepaymentsOfNotesReceivable`	$56.55K	USD	Annual
Net cash provided by(used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$20.40K	USD	Annual
Net cash provided by(used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.83K	USD	Annual
Proceeds of loan from shareholder	`ProceedsFromRelatedPartyDebt`	$26.63K	USD	Annual
Proceeds of loan from shareholder	`ProceedsFromRelatedPartyDebt`	$40.00K	USD	Annual
Proceeds from share issuance	`ProceedsFromIssuanceOfCommonStock`	$53.61K	USD	Annual
Proceeds from share issuance	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$93.61K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$26.63K	USD	Annual
Net increase (decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-10.50K	USD	Annual
Net increase (decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$11.04K	USD	Annual
Cash at beginning of period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.63K	USD	Point-in-time
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 end of period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.63K	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
Interest paid	`InterestPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Shares issued for inventory and fixed asset	`SharesIssuedForInventoryAndFixedAsset`	-	USD	Annual
Shares issued for inventory and fixed asset	`SharesIssuedForInventoryAndFixedAsset`	$146.47K	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$204.88K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$47.52K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.21K	USD	Point-in-time
Shares issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$53.61K	USD	Annual
Share issued for inventory and fixed asset	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$146.47K	USD	Annual
Net loss	`NetIncomeLoss`	$-42.72K	USD	Annual
Net loss	`NetIncomeLoss`	$-201.68K	USD	Annual
Ending balance	`StockholdersEquity`	$204.88K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$47.52K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.21K	USD	Point-in-time

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