10-Q Filing

GUOCHUN INTERNATIONAL INC. CIK: 1765048 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001765048-20-000011`
Period End Date	20200930
Filing Date	20201028
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	none-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 31 Income Statement 32 Cash Flow Statement 26 Stockholders Equity 6

Balance Sheet 31 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.95K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$70.00	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
Common stock shares issued and outstanding	`CommonStockSharesOutstanding`	3.00M	shares	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`	$3.07K	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`	$3.07K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.54K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$5.00K	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`	$14.07K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$10.60K	USD	Point-in-time
Total Liabilities	`LiabilitiesNoncurrent`	$10.60K	USD	Point-in-time
Total Liabilities	`LiabilitiesNoncurrent`	$14.07K	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 September 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 September 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`	$-13.41K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.72K	USD	Point-in-time
Total Stockholders` Equity	`Liabilities`	$-10.41K	USD	Point-in-time
Total Stockholders` Equity	`Liabilities`	$-10.99K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS` EQUITY	`LiabilitiesAndStockholdersEquity`	$3.07K	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	3 Qtrs
REVENUES	`Revenues`	-	USD	3 Qtrs
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$22.31K	USD	3 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$10.07K	USD	3 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$2.43K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$2.05K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$2.43K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$2.05K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$22.31K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$10.07K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.05K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-10.07K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.43K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-22.31K	USD	3 Qtrs
Provision for income taxes	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	3 Qtrs
NET LOSS	`ProfitLoss`	$-2.05K	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-22.31K	USD	3 Qtrs
NET LOSS	`ProfitLoss`	$-10.07K	USD	3 Qtrs
NET LOSS	`ProfitLoss`	$-2.43K	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 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	3 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`	3.87M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.00M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.64M	shares	3 Qtrs

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`LossContingencyLossInPeriod`	$-22.31K	USD	3 Qtrs
Net Loss	`LossContingencyLossInPeriod`	$-10.07K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.41K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.46K	USD	3 Qtrs
Prepaid Rent	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	3 Qtrs
Prepaid Rent	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	3 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.85K	USD	3 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.66K	USD	3 Qtrs
Collection of subscription receivable from sole officer and director	`ProceedsFromCollectionOfLoansReceivable`	-	USD	3 Qtrs
Collection of subscription receivable from sole officer and director	`ProceedsFromCollectionOfLoansReceivable`	$3.00K	USD	3 Qtrs
Advances from sole officer and director	`LoansAndLeasesReceivableRelatedPartiesProceeds`	$5.26K	USD	3 Qtrs
Advances from sole officer and director	`LoansAndLeasesReceivableRelatedPartiesProceeds`	-	USD	3 Qtrs
Sales of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Sales of common stock	`PaymentsForRepurchaseOfCommonStock`	$21.73K	USD	3 Qtrs
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$8.26K	USD	3 Qtrs
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$21.73K	USD	3 Qtrs
Net cash increase for period	`CashPeriodIncreaseDecrease`	$2.88K	USD	3 Qtrs
Net cash increase for period	`CashPeriodIncreaseDecrease`	$596.00	USD	3 Qtrs
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`	$696.00	USD	Point-in-time
Cash at end of period	`Cash`	$2.95K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	3 Qtrs
Interest	`InterestPaid`	-	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-10.41K	USD	Point-in-time
Balance	`StockholdersEquity`	$-10.99K	USD	Point-in-time
Sales of common stock	`StockIssuedDuringPeriodSharesNewIssues`	21,725.00	shares	3 Qtrs
Net loss for the nine months ended September 30, 2020	`NetIncomeLoss`	$-22.31K	USD	3 Qtrs
Balance	`StockholdersEquity`	$-10.41K	USD	Point-in-time
Balance	`StockholdersEquity`	$-10.99K	USD	Point-in-time

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