10-Q Filing

GUOCHUN INTERNATIONAL INC. CIK: 1765048 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001765048-21-000006`
Period End Date	20210331
Filing Date	20210507
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	none-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 30 Income Statement 18 Cash Flow Statement 22 Stockholders Equity 7

Balance Sheet 30 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
Common stock shares issued and outstanding	`CommonStockSharesOutstanding`	3.87M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.18K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.43K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.18K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.43K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$6.18K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.43K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$5.00K	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`	$19.37K	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`	$24.37K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$14.07K	USD	Point-in-time
Total Liabilities	`LiabilitiesNoncurrent`	$14.07K	USD	Point-in-time
Total Liabilities	`LiabilitiesNoncurrent`	$24.37K	USD	Point-in-time
Common stock, $0.001 par value, 75,000,000 shares authorized; 3,870,600 and 3,870,600 shares issued and outstanding as of March 31, 2021 and December 31, 2020 respectively	`CommonStockSharesIssued`	3,871.00	shares	Point-in-time
Common stock, $0.001 par value, 75,000,000 shares authorized; 3,870,600 and 3,870,600 shares issued and outstanding as of March 31, 2021 and December 31, 2020 respectively	`CommonStockSharesIssued`	3,871.00	shares	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$20.85K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$20.85K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.91K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.36K	USD	Point-in-time
Total Stockholders` Equity	`Liabilities`	$-12.63K	USD	Point-in-time
Total Stockholders` Equity	`Liabilities`	$-18.19K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS` EQUITY	`LiabilitiesAndStockholdersEquity`	$6.18K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS` EQUITY	`LiabilitiesAndStockholdersEquity`	$1.43K	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
OPERATING EXPENSES Professional Fees	`ProfessionalFees`	$6.40K	USD	1 Quarter
OPERATING EXPENSES Professional Fees	`ProfessionalFees`	$5.33K	USD	1 Quarter
Over General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$605.00	USD	1 Quarter
Over General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$227.00	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$5.55K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$7.00K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-7.00K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-5.55K	USD	1 Quarter
Provision for income taxes	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-5.55K	USD	1 Quarter
NET LOSS	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-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`	3.21M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.87M	shares	1 Quarter

Cash Flow Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$-7.00K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-5.55K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.11K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.89K	USD	1 Quarter
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.55K	USD	1 Quarter
Advances from sole officer and director	`ProceedsFromLifeInsurancePolicies`	-	USD	1 Quarter
Advances from sole officer and director	`ProceedsFromLifeInsurancePolicies`	$10.30K	USD	1 Quarter
Sales of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Sales of common stock	`PaymentsForRepurchaseOfCommonStock`	$16.52K	USD	1 Quarter
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$16.52K	USD	1 Quarter
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$10.30K	USD	1 Quarter
Net cash increase for period	`CashPeriodIncreaseDecrease`	$4.75K	USD	1 Quarter
Net cash increase for period	`CashPeriodIncreaseDecrease`	$10.63K	USD	1 Quarter
Cash at beginning of period	`CashCashEquivalentsAndShortTermInvestments`	$1.43K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsAndShortTermInvestments`	$70.00	USD	Point-in-time
Cash at end of period	`Cash`	$6.18K	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 7 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-18.19K	USD	Point-in-time
Balance	`StockholdersEquity`	$-12.63K	USD	Point-in-time
Balance (in shares)	`SharesOutstanding`	3.87M	shares	Point-in-time
Net loss for the three months	`NetIncomeLoss`	$-5.55K	USD	1 Quarter
Balance	`StockholdersEquity`	$-18.19K	USD	Point-in-time
Balance	`StockholdersEquity`	$-12.63K	USD	Point-in-time
Balance (in shares)	`SharesOutstanding`	3.87M	shares	Point-in-time

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