10-K Filing

MARVION INC. CIK: 1439264 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001683168-22-002195`
Period End Date	20211231
Filing Date	20220331
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	bonanza_i10k-123121_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 42 Cash Flow Statement 40 Stockholders Equity 12

Balance Sheet 53 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, Shares Authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.36K	USD	Point-in-time
Preferred stock undesignated	`PreferredStockSharesUndesignated`	19.00M	shares	Point-in-time
Preferred stock undesignated	`PreferredStockSharesUndesignated`	19.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.12K	USD	Point-in-time
Digital assets	`OtherAssetsCurrent`	$98.86K	USD	Point-in-time
Digital assets	`OtherAssetsCurrent`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.29K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$16.75K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.65K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$143.73K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$141.38K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$285.11K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.97B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.97B	shares	Point-in-time
TOTAL ASSETS	`Assets`	$2.65K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.87B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.87B	shares	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilities`	$64.00	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilities`	$46.63K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.87B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.87B	shares	Point-in-time
Accrued consulting and service fee	`AccruedProfessionalFeesCurrent`	-	USD	Point-in-time
Accrued consulting and service fee	`AccruedProfessionalFeesCurrent`	$2.07M	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$4.22K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$283.64K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$5.11K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.28K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.41M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$4.28K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.0001, 1,970,000,000 shares authorized, 1,867,681,876 shares issued and outstanding as of December 31, 2021 and 2020, respectively	`CommonStockValue`	$186.77K	USD	Point-in-time
Common stock, par value $0.0001, 1,970,000,000 shares authorized, 1,867,681,876 shares issued and outstanding as of December 31, 2021 and 2020, respectively	`CommonStockValue`	$186.77K	USD	Point-in-time
Common stock, par value $0.0001, 138,468,716,631 shares to be issued	`CommonStockToBeIssued`	$13.85M	USD	Point-in-time
Common stock, par value $0.0001, 138,468,716,631 shares to be issued	`CommonStockToBeIssued`	$13.85M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.00	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.00	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.16M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-1.63K	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-2.12M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-764.00	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$2.65K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$285.11K	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenue, net	`Revenues`	-	USD	Annual
Revenue, net	`Revenues`	$297.09K	USD	Annual
Cost of revenue	`CostOfRevenue`	$87.82K	USD	Annual
Cost of revenue	`CostOfRevenue`	-	USD	Annual
Gross profit	`GrossProfit`	-	USD	Annual
Gross profit	`GrossProfit`	$209.27K	USD	Annual
Technology and development	`DevelopmentCosts`	$124.15K	USD	Annual
Technology and development	`DevelopmentCosts`	-	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$185.36K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	-	USD	Annual
Corporate development	`BusinessDevelopment`	$680.00K	USD	Annual
Corporate development	`BusinessDevelopment`	-	USD	Annual
Loss on impairment of digital assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	-	USD	Annual
Loss on impairment of digital assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-1.64K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.33M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$865.00	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$2.33M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$865.00	USD	Annual
LOSS FROM OPERATION	`OperatingIncomeLoss`	$-2.12M	USD	Annual
LOSS FROM OPERATION	`OperatingIncomeLoss`	$-865.00	USD	Annual
Interest income	`InterestIncomeExpenseNet`	-	USD	Annual
Interest income	`InterestIncomeExpenseNet`	-	USD	Annual
Total other income, net	`OtherNoncashIncomeExpense`	-	USD	Annual
Total other income, net	`OtherNoncashIncomeExpense`	-	USD	Annual
LOSS BEFORE INCOME TAXES	`ProfitLoss`	$-865.00	USD	Annual
LOSS BEFORE INCOME TAXES	`ProfitLoss`	$-2.12M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$5.13K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-865.00	USD	Annual
NET LOSS	`NetIncomeLoss`	$-2.12M	USD	Annual
Foreign currency adjustment gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$23.00	USD	Annual
Foreign currency adjustment gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-3.00	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-868.00	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-2.12M	USD	Annual
Basic#	`EarningsPerShareBasic`	-	USD	Annual
Basic#	`EarningsPerShareBasic`	-	USD	Annual
Diluted#	`EarningsPerShareDiluted`	-	USD	Annual
Diluted#	`EarningsPerShareDiluted`	-	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.22B	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.35B	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.35B	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.22B	shares	Annual

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-865.00	USD	Annual
Net loss	`NetIncomeLoss`	$-2.12M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$12.33K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	Annual
Loss on impairment of digital assets	`ImpairmentOfIntangibleAssetsFinitelived`	$1.64K	USD	Annual
Loss on impairment of digital assets	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Digital assets received as revenue	`DigitalAssetsReceivedAsRevenue`	$95.95K	USD	Annual
Digital assets received as revenue	`DigitalAssetsReceivedAsRevenue`	-	USD	Annual
Digital assets	`IncreaseDecreaseInIntangibleAssetsCurrent`	$4.55K	USD	Annual
Digital assets	`IncreaseDecreaseInIntangibleAssetsCurrent`	-	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.46K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.00	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.12M	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$64.00	USD	Annual
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	-	USD	Annual
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	$5.11K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-807.00	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-98.97K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$153.71K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-153.71K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Advances from related parties	`ProceedsFromRelatedPartyDebt`	$279.42K	USD	Annual
Advances from related parties	`ProceedsFromRelatedPartyDebt`	$19.00	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$279.42K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$19.00	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$23.00	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-3.00	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-791.00	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$26.76K	USD	Annual
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.36K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.15K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.12K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.36K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.15K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.12K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.63K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.12M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-764.00	USD	Point-in-time
Shares issued for acquisition of legal acquirer	`StockIssuedDuringPeriodValueAcquisition`	-	USD	Annual
Recapitalization of legal acquirer	`RecapitalizationOfLegalAcquirer`	-	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$23.00	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-3.00	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-865.00	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-2.12M	USD	Annual
Ending balance, value	`StockholdersEquity`	$-1.63K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.12M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-764.00	USD	Point-in-time

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