10-Q Filing

GUOCHUN INTERNATIONAL INC. CIK: 1765048 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001765048-22-000007`
Period End Date	20220331
Filing Date	20220503
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	charmt_31032022_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 28 Income Statement 20 Cash Flow Statement 24 Stockholders Equity 17

Balance Sheet 28 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashEquivalentsAtCarryingValue`	$1.07K	USD	Point-in-time
Cash	`CashEquivalentsAtCarryingValue`	$304.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$304.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.07K	USD	Point-in-time
Software (net of accumulated amortization of $157 at March 31, 2022)	`CapitalizedComputerSoftwareNet`	$21.84K	USD	Point-in-time
Software (net of accumulated amortization of $157 at March 31, 2022)	`CapitalizedComputerSoftwareNet`	-	USD	Point-in-time
Total Intangible Assets	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Total Intangible Assets	`FiniteLivedIntangibleAssetsNet`	$21.84K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$22.15K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.07K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$5.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$100.00	USD	Point-in-time
Advances payable to sole officer and director (non-interest bearing and due on demand)	`AdvancesFairValueDisclosure`	$69.03K	USD	Point-in-time
Advances payable to sole officer and director (non-interest bearing and due on demand)	`AdvancesFairValueDisclosure`	$45.23K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$45.33K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$74.03K	USD	Point-in-time
Total Liabilities	`Liabilities`	$45.33K	USD	Point-in-time
Total Liabilities	`Liabilities`	$74.03K	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, 2022 and December 31, 2021 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 March 31, 2022 and December 31, 2021 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`	$-68.98K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-76.61K	USD	Point-in-time
Total Stockholders` Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-51.88K	USD	Point-in-time
Total Stockholders` Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-44.25K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS` EQUITY	`LiabilitiesAndStockholdersEquity`	$22.15K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS` EQUITY	`LiabilitiesAndStockholdersEquity`	$1.07K	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$5.33K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$5.33K	USD	1 Quarter
Amortization of software asset	`CapitalizedComputerSoftwareAmortization1`	-	USD	1 Quarter
Amortization of software asset	`CapitalizedComputerSoftwareAmortization1`	$157.00	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$2.15K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$227.00	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$5.55K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$7.63K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$7.63K	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	`IncomeLossFromContinuingOperations`	$7.63K	USD	1 Quarter
NET LOSS	`IncomeLossFromContinuingOperations`	$5.55K	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareDiluted`	-	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareDiluted`	-	USD	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`	3.87M	shares	1 Quarter

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$7.63K	USD	1 Quarter
Net Loss	`ProfitLoss`	$5.55K	USD	1 Quarter
Amortization of software asset	`AmortizationOfIntangibleAssets`	$157.00	USD	1 Quarter
Amortization of software asset	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.90K	USD	1 Quarter
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$5.55K	USD	1 Quarter
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$2.57K	USD	1 Quarter
Advances from sole officer and director	`ProceedsFromRelatedPartyDebt`	$1.80K	USD	1 Quarter
Advances from sole officer and director	`ProceedsFromRelatedPartyDebt`	$10.30K	USD	1 Quarter
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.80K	USD	1 Quarter
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$10.30K	USD	1 Quarter
Net cash increase for period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$4.75K	USD	1 Quarter
Net cash increase for period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-771.00	USD	1 Quarter
Cash at beginning of period	`Cash`	$1.07K	USD	Point-in-time
Cash at beginning of period	`Cash`	$1.43K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsFairValueDisclosure`	$6.18K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsFairValueDisclosure`	$304.00	USD	Point-in-time
Interest	`InterestPaid`	-	USD	1 Quarter
Interest	`InterestPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Software acquired using funds transferred from sole officer and director (and credited to advances payable to sole officer and director) to vendor of software	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$22.00K	USD	1 Quarter
Software acquired using funds transferred from sole officer and director (and credited to advances payable to sole officer and director) to vendor of software	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	-	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-12.63K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-44.25K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-18.19K	USD	Point-in-time
bb	`SharesIssued`	3,870.60	shares	Point-in-time
bb	`SharesIssued`	3.87M	shares	Point-in-time
Beginning balance, shares	`SharesOutstanding`	3.87M	shares	Point-in-time
Beginning balance, shares	`SharesOutstanding`	3.87M	shares	Point-in-time
Net loss	`NetIncomeLoss`	$-7.63K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.55K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-12.63K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-44.25K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-18.19K	USD	Point-in-time
Ending balance, shares	`SharesIssued`	3,870.60	shares	Point-in-time
Ending balance, shares	`SharesIssued`	3.87M	shares	Point-in-time
Ending balance, value	`WarrantsAndRightsOutstanding`	$-51.88K	USD	Point-in-time
Ending balance, shares	`SharesOutstanding`	3.87M	shares	Point-in-time
Ending balance, shares	`SharesOutstanding`	3.87M	shares	Point-in-time

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