10-Q Filing

GUOCHUN INTERNATIONAL INC. CIK: 1765048 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001765048-20-000005`
Period End Date	20200331
Filing Date	20200506
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	none-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 34 Income Statement 16 Cash Flow Statement 24 Stockholders Equity 12

Balance Sheet 34 line items

Line Item	Tag	Value	Unit	Period
On August 2, 2018, the Company issued 3,000,000 shares of common stock to Gediminas Knyzelis at $0.001 per share for $3,000	`CommonStockValue`	$0.00	USD	Point-in-time
On August 2, 2018, the Company issued 3,000,000 shares of common stock to Gediminas Knyzelis at $0.001 per share for $3,000	`CommonStockValue`	$0.00	USD	Point-in-time
On August 2, 2018, the Company issued 3,000,000 shares of common stock to Gediminas Knyzelis at $0.001 per share for $3,000	`CommonStockValue`	$3.00K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock shares issued and outstanding	`CommonStockSharesOutstanding`	3.66M	shares	Point-in-time
At March 31, 2020, the Company had cash of $10,700 and negative working capital of $(886)	`CashAndCashEquivalentsAtCarryingValue`	$70.00	USD	Point-in-time
Common stock shares issued and outstanding	`CommonStockSharesOutstanding`	3.00M	shares	Point-in-time
At March 31, 2020, the Company had cash of $10,700 and negative working capital of $(886)	`CashAndCashEquivalentsAtCarryingValue`	$10.70K	USD	Point-in-time
Subscription receivable from sole officer and director	`ReceivableFromOfficersAndDirectorsForIssuanceOfCapitalStock`	-	USD	Point-in-time
Subscription receivable from sole officer and director	`ReceivableFromOfficersAndDirectorsForIssuanceOfCapitalStock`	-	USD	Point-in-time
Service Deposit	`MarginDepositAssets`	$126.00	USD	Point-in-time
Service Deposit	`MarginDepositAssets`	$126.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$10.83K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$196.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$196.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$10.83K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.54K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$2.65K	USD	Point-in-time
Advances payable to sole officer and director (non-interest bearing and due on demand)	`InterestPayableCurrent`	$9.07K	USD	Point-in-time
Advances payable to sole officer and director (non-interest bearing and due on demand)	`InterestPayableCurrent`	$9.07K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$11.71K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$10.60K	USD	Point-in-time
Total Liabilities	`LiabilitiesNoncurrent`	$11.71K	USD	Point-in-time
Total Liabilities	`LiabilitiesNoncurrent`	$10.60K	USD	Point-in-time
Common stock, $0.001 par value, 75,000,000 shares authorized; 3,661,000 and 3,000,000 shares issued and outstanding as of March 31, 2020 and December 31, 2019 respectively	`CommonStockSharesIssued`	3,000.00	shares	Point-in-time
Common stock, $0.001 par value, 75,000,000 shares authorized; 3,661,000 and 3,000,000 shares issued and outstanding as of March 31, 2020 and December 31, 2019 respectively	`CommonStockSharesIssued`	3,661.00	shares	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$15.86K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.41K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.41K	USD	Point-in-time
Total Stockholders` Equity	`Liabilities`	$-886.00	USD	Point-in-time
Total Stockholders` Equity	`Liabilities`	$-10.41K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS` EQUITY	`LiabilitiesAndStockholdersEquity`	$10.83K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS` EQUITY	`LiabilitiesAndStockholdersEquity`	$196.00	USD	Point-in-time

Income Statement 16 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$5.61K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$7.00K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$7.00K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$5.61K	USD	1 Quarter
LOSS FROM OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-7.00K	USD	1 Quarter
LOSS FROM OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-5.61K	USD	1 Quarter
Provision for income taxes	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-5.61K	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-7.00K	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.00M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.21M	shares	1 Quarter

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`LossContingencyLossInPeriod`	$-7.00K	USD	1 Quarter
Net Loss	`LossContingencyLossInPeriod`	$-5.61K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.11K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.67K	USD	1 Quarter
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.89K	USD	1 Quarter
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.94K	USD	1 Quarter
Collection of subscription receivable from sole officer and director	`ProceedsFromCollectionOfLoansReceivable`	$3.00K	USD	1 Quarter
Collection of subscription receivable from sole officer and director	`ProceedsFromCollectionOfLoansReceivable`	-	USD	1 Quarter
Advances from sole officer and director	`PaymentsToFundLongtermLoansToRelatedParties`	-	USD	1 Quarter
Advances from sole officer and director	`PaymentsToFundLongtermLoansToRelatedParties`	-	USD	1 Quarter
Sales of common stock	`PaymentsForRepurchaseOfCommonStock`	$16.52K	USD	1 Quarter
Sales of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$3.00K	USD	1 Quarter
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$16.52K	USD	1 Quarter
Net cash increase for period	`CashPeriodIncreaseDecrease`	$10.63K	USD	1 Quarter
Net cash increase for period	`CashPeriodIncreaseDecrease`	$58.00	USD	1 Quarter
Cash at beginning of period	`CashCashEquivalentsAndShortTermInvestments`	$100.00	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsAndShortTermInvestments`	$70.00	USD	Point-in-time
Cash at end of period	`Cash`	$158.00	USD	Point-in-time
Cash at end of period	`Cash`	$10.70K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	1 Quarter
Interest	`InterestPaid`	-	USD	1 Quarter
Income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Sales of common stock, dividends per share	`SharesIssuedPricePerShare`	$0.03	USD	Point-in-time
Balance	`StockholdersEquity`	$-10.41K	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.45K	USD	Point-in-time
Balance	`StockholdersEquity`	$-886.00	USD	Point-in-time
Balance	`StockholdersEquity`	$1.17K	USD	Point-in-time
Sales of common stock at $0.025 per share	`StockIssuedDuringPeriodValueNewIssues`	$16.52K	USD	1 Quarter
Net loss for the three months	`NetIncomeLoss`	$-5.61K	USD	1 Quarter
Net loss for the three months	`NetIncomeLoss`	$-7.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$-10.41K	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.45K	USD	Point-in-time
Balance	`StockholdersEquity`	$-886.00	USD	Point-in-time
Balance	`StockholdersEquity`	$1.17K	USD	Point-in-time

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