10-Q Filing

GUOCHUN INTERNATIONAL INC. CIK: 1765048 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001765048-21-000011`
Period End Date	20210930
Filing Date	20211025
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	charmt10qsep2021_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 24 Income Statement 36 Cash Flow Statement 22 Stockholders Equity 24

Balance Sheet 24 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.43K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$409.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$409.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.43K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.43K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$409.00	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$447.00	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)	`AdvancesFairValueDisclosure`	$32.40K	USD	Point-in-time
Advances payable to sole officer and director (non-interest bearing and due on demand)	`AdvancesFairValueDisclosure`	$9.07K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$32.85K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$14.07K	USD	Point-in-time
Total Liabilities	`Liabilities`	$32.85K	USD	Point-in-time
Total Liabilities	`Liabilities`	$14.07K	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 September 30, 2021 and December 31, 2020 respectively	`CommonStockValue`	$3.87K	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 September 30, 2021 and December 31, 2020 respectively	`CommonStockValue`	$3.87K	USD	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`	$-57.16K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.36K	USD	Point-in-time
Total Stockholders` Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-12.63K	USD	Point-in-time
Total Stockholders` Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-32.44K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS` EQUITY	`LiabilitiesAndStockholdersEquity`	$409.00	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS` EQUITY	`LiabilitiesAndStockholdersEquity`	$1.43K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	3 Qtrs
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	3 Qtrs
Professional Fees	`ProfessionalFees`	$1.93K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	-	USD	3 Qtrs
Professional Fees	`ProfessionalFees`	$18.55K	USD	3 Qtrs
Professional Fees	`ProfessionalFees`	-	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$22.31K	USD	3 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$746.00	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$2.05K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$1.26K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$2.05K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$22.31K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$19.80K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$2.68K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.68K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.05K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-19.80K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-22.31K	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`CurrentStateAndLocalTaxExpenseBenefit`	-	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
NET LOSS	`IncomeLossFromContinuingOperations`	$-22.31K	USD	3 Qtrs
NET LOSS	`IncomeLossFromContinuingOperations`	$-19.80K	USD	3 Qtrs
NET LOSS	`IncomeLossFromContinuingOperations`	$-2.05K	USD	1 Quarter
NET LOSS	`IncomeLossFromContinuingOperations`	$-2.68K	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.87M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.87M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.64M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.87M	shares	1 Quarter

Cash Flow Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$22.31K	USD	7 Qtrs
Net Loss	`ProfitLoss`	$19.80K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.46K	USD	7 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.55K	USD	3 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-24.36K	USD	3 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.85K	USD	7 Qtrs
Advances from sole officer and director	`ProceedsFromRelatedPartyDebt`	-	USD	7 Qtrs
Advances from sole officer and director	`ProceedsFromRelatedPartyDebt`	$23.34K	USD	3 Qtrs
Sales of common stock at $0.025 per share	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$21.73K	USD	7 Qtrs
Sales of common stock at $0.025 per share	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	-	USD	3 Qtrs
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$21.73K	USD	7 Qtrs
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$23.34K	USD	3 Qtrs
Net cash increase for period	`CashPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.02K	USD	3 Qtrs
Net cash increase for period	`CashPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.88K	USD	7 Qtrs
Cash at beginning of period	`Cash`	$1.43K	USD	Point-in-time
Cash at beginning of period	`Cash`	$70.00	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsFairValueDisclosure`	$409.00	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsFairValueDisclosure`	$2.95K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	7 Qtrs
Interest	`InterestPaid`	-	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	7 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-29.76K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-32.44K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-10.41K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-12.63K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-8.94K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-10.99K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	3.87M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	3.00M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	3.87M	shares	Point-in-time
Sales of common stock at $0.025 per share	`ProceedsFromIssuanceOrSaleOfEquity`	$21.73K	USD	3 Qtrs
Stock Issued During Period, Shares, New Issues	`StockIssuedDuringPeriodSharesNewIssues`	870,600.00	shares	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.68K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-22.31K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.05K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-29.76K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-32.44K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-10.41K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-12.63K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-8.94K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-10.99K	USD	Point-in-time
Common Stock, Value, Outstanding	`CommonStockValueOutstanding`	$3.87M	USD	Point-in-time
Common Stock, Value, Outstanding	`CommonStockValueOutstanding`	$3.87M	USD	Point-in-time
Common Stock, Value, Outstanding	`CommonStockValueOutstanding`	$3.87M	USD	Point-in-time
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.80K	USD	3 Qtrs

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