10-K Filing

LANDBAY INC CIK: 1672572 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001493152-22-018102`
Period End Date	20220331
Filing Date	20220629
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	form10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 33 Cash Flow Statement 43 Stockholders Equity 8

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$26.14K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$6.63K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$9.12K	USD	Point-in-time
Inventories, net	`InventoryNet`	$5.46K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$6.16K	USD	Point-in-time
Inventories, net	`InventoryNet`	$6.16K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	-	USD	Point-in-time
Inventories, net	`InventoryNet`	$5.46K	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$50.86K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$63.65K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$35.26K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.00M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$984.00	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$35.26K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$64.64K	USD	Point-in-time
Shareholder loans	`DueToRelatedPartiesCurrent`	$66.63K	USD	Point-in-time
Shareholder loans	`DueToRelatedPartiesCurrent`	$81.10K	USD	Point-in-time
Other tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Other tax payable	`TaxesPayableCurrent`	$743.00	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$66.63K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$81.84K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$66.63K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$81.84K	USD	Point-in-time
Preferred stock, $0.001 par value, 20,000,000 authorized, no share issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 20,000,000 authorized, no share issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Class A Common stock, $0.001 par value, 100,000,000 shares authorized, 30,000,000 shares issued and outstanding	`CommonStockValue`	$30.00K	USD	Point-in-time
Class A Common stock, $0.001 par value, 100,000,000 shares authorized, 30,000,000 shares issued and outstanding	`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`	$-384.71K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-395.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-402.25K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-357.65K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-376.41K	USD	Point-in-time
Total Stockholders Deficiency	`StockholdersEquity`	$204.88K	USD	Point-in-time
Total Stockholders Deficiency	`StockholdersEquity`	$-1.99K	USD	Point-in-time
Total Stockholders Deficiency	`StockholdersEquity`	$-46.59K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS (DEFICIENCY)	`LiabilitiesAndStockholdersEquity`	$35.26K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS (DEFICIENCY)	`LiabilitiesAndStockholdersEquity`	$64.64K	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Revenue sales, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.87K	USD	Annual
Revenue sales, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$9.57K	USD	Annual
Total revenue	`Revenues`	$3.87K	USD	Annual
Total revenue	`Revenues`	$9.57K	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$2.40K	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$6.16K	USD	Annual
Inventory write-down (restated)	`InventoryWriteDown`	-	USD	Annual
Inventory write-down (restated)	`InventoryWriteDown`	-	USD	1 Quarter
Inventory write-down (restated)	`InventoryWriteDown`	$138.43K	USD	Annual
Inventory write-down (restated)	`InventoryWriteDown`	-	USD	2 Qtrs
Inventory write-down (restated)	`InventoryWriteDown`	-	USD	3 Qtrs
Gross profit (loss)	`GrossProfit`	$3.41K	USD	Annual
Gross profit (loss)	`GrossProfit`	$-136.97K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$49.50K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$74.12K	USD	Annual
Total operating expenses	`OperatingExpenses`	$49.50K	USD	Annual
Total operating expenses	`OperatingExpenses`	$74.12K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-211.09K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-46.09K	USD	Annual
Loss from commodity trading	`GainLossOnInvestments`	$-1.09K	USD	Annual
Loss from commodity trading	`GainLossOnInvestments`	-	USD	Annual
Interest income	`InterestIncomeOther`	$5.28K	USD	Annual
Interest income	`InterestIncomeOther`	$1.54K	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$19.00	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-45.00	USD	Annual
Total other income, net	`NonoperatingIncomeExpense`	$1.49K	USD	Annual
Total other income, net	`NonoperatingIncomeExpense`	$4.21K	USD	Annual
Net loss	`NetIncomeLoss`	$-206.88K	USD	Annual
Net loss	`NetIncomeLoss`	$-44.60K	USD	Annual
Loss per share, basic and diluted	`EarningsPerShareBasic`	-	USD	Annual
Loss per share, basic and diluted	`EarningsPerShareBasic`	$-0.01	USD	Annual
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	30.00M	shares	Annual
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	30.00M	shares	Annual

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-206.88K	USD	Annual
Net loss	`NetIncomeLoss`	$-44.60K	USD	Annual
Depreciation expense	`Depreciation`	$10.21K	USD	Annual
Depreciation expense	`Depreciation`	$984.00	USD	Annual
Realized loss	`RealizedLoss`	$1.09K	USD	Annual
Realized loss	`RealizedLoss`	-	USD	Annual
Inventory write-down (restated)	`InventoryWriteDown`	-	USD	Annual
Inventory write-down (restated)	`InventoryWriteDown`	-	USD	1 Quarter
Inventory write-down (restated)	`InventoryWriteDown`	$138.43K	USD	Annual
Inventory write-down (restated)	`InventoryWriteDown`	-	USD	2 Qtrs
Inventory write-down (restated)	`InventoryWriteDown`	-	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-2.40K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-6.16K	USD	Annual
Interest receivable (include in Notes receivable)	`IncreaseDecreaseInInterestReceivable`	$-863.00	USD	Annual
Interest receivable (include in Notes receivable)	`IncreaseDecreaseInInterestReceivable`	$863.00	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.12K	USD	Annual
Other tax payable	`IncreaseDecreaseInOthertaxPayable`	$-1.92K	USD	Annual
Other tax payable	`IncreaseDecreaseInOthertaxPayable`	$743.00	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-57.53K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-44.96K	USD	Annual
Short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$401.00	USD	Annual
Short-term investments	`ProceedsFromSaleOfShortTermInvestments`	-	USD	Annual
Notes receivable	`ProceedsFromNotesReceivable`	$50.00K	USD	Annual
Notes receivable	`ProceedsFromNotesReceivable`	$20.00K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$50.00K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$20.40K	USD	Annual
Proceeds of loan from shareholder	`ProceedsFromRelatedPartyDebt`	$14.47K	USD	Annual
Proceeds of loan from shareholder	`ProceedsFromRelatedPartyDebt`	$26.63K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.47K	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`	$19.51K	USD	Annual
Cash at beginning of the year:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$17.13K	USD	Point-in-time
Cash at beginning of the year:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$26.14K	USD	Point-in-time
Cash at beginning of the year:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.63K	USD	Point-in-time
Cash at end of the year:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$17.13K	USD	Point-in-time
Cash at end of the year:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$26.14K	USD	Point-in-time
Cash at end of the year:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.63K	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

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$204.88K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.99K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-46.59K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-206.88K	USD	Annual
Net loss	`NetIncomeLoss`	$-44.60K	USD	Annual
Ending balance, value	`StockholdersEquity`	$204.88K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.99K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-46.59K	USD	Point-in-time

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