10-Q Filing

GUOCHUN INTERNATIONAL INC. CIK: 1765048 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001765048-20-000009`
Period End Date	20200630
Filing Date	20200722
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	none-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 33 Income Statement 32 Cash Flow Statement 28 Stockholders Equity 14

Balance Sheet 33 line items

Line Item	Tag	Value	Unit	Period
Common stock par value	`CommonStockValue`	$0.00	USD	Point-in-time
Common stock par value	`CommonStockValue`	$0.00	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`	3.87M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$70.00	USD	Point-in-time
Common stock shares issued and outstanding	`CommonStockSharesOutstanding`	3.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.55K	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	`DepositAssets`	$126.00	USD	Point-in-time
Service Deposit	`DepositAssets`	$126.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$196.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.68K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$196.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$6.68K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.54K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$6.55K	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`	$10.60K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$15.62K	USD	Point-in-time
Total Liabilities	`LiabilitiesNoncurrent`	$15.62K	USD	Point-in-time
Total Liabilities	`LiabilitiesNoncurrent`	$10.60K	USD	Point-in-time
Common stock, $0.001 par value, 75,000,000 shares authorized; 3,870,600 and 3,000,000 shares issued and outstanding as of June 30, 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; 3,870,600 and 3,000,000 shares issued and outstanding as of June 30, 2020 and December 31, 2019 respectively	`CommonStockSharesIssued`	3,871.00	shares	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$20.85K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-33.67K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.41K	USD	Point-in-time
Total Stockholders` Equity	`Liabilities`	$-10.41K	USD	Point-in-time
Total Stockholders` Equity	`Liabilities`	$-8.94K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS` EQUITY	`LiabilitiesAndStockholdersEquity`	$6.68K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS` EQUITY	`LiabilitiesAndStockholdersEquity`	$196.00	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	2 Qtrs
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	2 Qtrs
REVENUES	`Revenues`	-	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$13.26K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$7.64K	USD	2 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$2.03K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$20.26K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$13.26K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$20.26K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$2.03K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$7.64K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-20.26K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-13.26K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-7.64K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.03K	USD	1 Quarter
Provision for income taxes	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-7.64K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-13.26K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-2.03K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-20.26K	USD	2 Qtrs
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.00M	shares	2 Qtrs
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`	3.85M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.53M	shares	2 Qtrs

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-7.64K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-13.26K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.03K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-20.26K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.01K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.08K	USD	2 Qtrs
Prepaid Rent	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	2 Qtrs
Prepaid Rent	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-154.00	USD	2 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.71K	USD	2 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.24K	USD	2 Qtrs
Collection of subscription receivable from sole officer and director	`ProceedsFromCollectionOfLoansReceivable`	$3.00K	USD	2 Qtrs
Collection of subscription receivable from sole officer and director	`ProceedsFromCollectionOfLoansReceivable`	-	USD	2 Qtrs
Advances from sole officer and director	`PaymentsToFundLongtermLoansToRelatedParties`	$4.31K	USD	2 Qtrs
Advances from sole officer and director	`PaymentsToFundLongtermLoansToRelatedParties`	-	USD	2 Qtrs
Sales of common stock	`PaymentsForRepurchaseOfCommonStock`	$21.73K	USD	2 Qtrs
Sales of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$7.31K	USD	2 Qtrs
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$21.73K	USD	2 Qtrs
Net cash increase for period	`CashPeriodIncreaseDecrease`	$6.48K	USD	2 Qtrs
Net cash increase for period	`CashPeriodIncreaseDecrease`	$596.00	USD	2 Qtrs
Cash at beginning of period	`CashCashEquivalentsAndShortTermInvestments`	$70.00	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsAndShortTermInvestments`	$100.00	USD	Point-in-time
Cash at end of period	`Cash`	$696.00	USD	Point-in-time
Cash at end of period	`Cash`	$6.55K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	2 Qtrs
Interest	`InterestPaid`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Sales of common stock, dividends per share	`SharesIssuedPricePerShare`	$0.03	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.94K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.17K	USD	Point-in-time
Balance	`StockholdersEquity`	$-10.41K	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.47K	USD	Point-in-time
Sales of common stock at $0.025 per share	`StockIssuedDuringPeriodValueNewIssues`	$21.73K	USD	2 Qtrs
Net loss for the six months	`NetIncomeLoss`	$-7.64K	USD	2 Qtrs
Net loss for the six months	`NetIncomeLoss`	$-13.26K	USD	1 Quarter
Net loss for the six months	`NetIncomeLoss`	$-2.03K	USD	1 Quarter
Net loss for the six months	`NetIncomeLoss`	$-20.26K	USD	2 Qtrs
Balance	`StockholdersEquity`	$-8.94K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.17K	USD	Point-in-time
Balance	`StockholdersEquity`	$-10.41K	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.47K	USD	Point-in-time

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