10-Q Filing

GUOCHUN INTERNATIONAL INC. CIK: 1765048 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001765048-22-000013`
Period End Date	20220630
Filing Date	20220812
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	report10q_20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 25 Income Statement 60 Cash Flow Statement 34 Stockholders Equity 28

Balance Sheet 25 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.07K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.01K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.01K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.07K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.07K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.01K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$100.00	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.28K	USD	Point-in-time
Amount due to fomer sole officer and director (non-interest bearing and due on demand)	`DueFromEmployeesCurrent`	-	USD	Point-in-time
Amount due to fomer sole officer and director (non-interest bearing and due on demand)	`DueFromEmployeesCurrent`	$45.23K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.28K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$45.33K	USD	Point-in-time
Common stock, $0.001 par value, 75,000,000 shares authorized, 3,870,600 shares issued and outstanding as of June 30, 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 shares issued and outstanding as of June 30, 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`	$76.16K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$68.98K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$80.30K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-12.63K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$269.00	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$44.25K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-18.19K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-29.76K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.07K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.01K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	2 Qtrs
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	2 Qtrs
COST OF REVENUES	`CostOfRevenue`	-	USD	2 Qtrs
COST OF REVENUES	`CostOfRevenue`	-	USD	2 Qtrs
COST OF REVENUES	`CostOfRevenue`	-	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	-	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$9.95K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$16.61K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$2.53K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$11.29K	USD	1 Quarter
Amortization of software asset	`CapitalizedComputerSoftwareImpairments1`	-	USD	2 Qtrs
Amortization of software asset	`CapitalizedComputerSoftwareImpairments1`	$1.26K	USD	2 Qtrs
Amortization of software asset	`CapitalizedComputerSoftwareImpairments1`	$1.10K	USD	1 Quarter
Amortization of software asset	`CapitalizedComputerSoftwareImpairments1`	-	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$285.00	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$512.00	USD	2 Qtrs
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$112.00	USD	2 Qtrs
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$64.00	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$11.57K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$17.13K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$3.69K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$11.32K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-17.13K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-11.32K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-11.57K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-3.69K	USD	1 Quarter
OTHER INCOME (EXPENSES)	`InterestAndOtherIncome`	-	USD	2 Qtrs
OTHER INCOME (EXPENSES)	`InterestAndOtherIncome`	-	USD	1 Quarter
OTHER INCOME (EXPENSES)	`InterestAndOtherIncome`	-	USD	1 Quarter
OTHER INCOME (EXPENSES)	`InterestAndOtherIncome`	-	USD	2 Qtrs
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.13K	USD	2 Qtrs
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$11.32K	USD	2 Qtrs
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.69K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$11.57K	USD	1 Quarter
NET INCOME (LOSS)	`IncomeTaxExpenseBenefit`	$3.69K	USD	1 Quarter
NET INCOME (LOSS)	`IncomeTaxExpenseBenefit`	$11.57K	USD	1 Quarter
NET INCOME (LOSS)	`IncomeTaxExpenseBenefit`	$11.32K	USD	2 Qtrs
NET INCOME (LOSS)	`IncomeTaxExpenseBenefit`	$17.13K	USD	2 Qtrs
Foreign currency translation adjustment	`DeferredPolicyAcquisitionCostForeignCurrencyTranslationAdjustmentAndOther`	-	USD	1 Quarter
Foreign currency translation adjustment	`DeferredPolicyAcquisitionCostForeignCurrencyTranslationAdjustmentAndOther`	-	USD	2 Qtrs
Foreign currency translation adjustment	`DeferredPolicyAcquisitionCostForeignCurrencyTranslationAdjustmentAndOther`	-	USD	2 Qtrs
Foreign currency translation adjustment	`DeferredPolicyAcquisitionCostForeignCurrencyTranslationAdjustmentAndOther`	-	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$11.57K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-71.11K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$17.13K	USD	2 Qtrs
Net loss per share- Basic and diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per share- Basic and diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Net loss per share- Basic and diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Net loss per share- Basic and diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted Average Number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.87M	shares	2 Qtrs
Weighted Average Number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.87M	shares	1 Quarter
Weighted Average Number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.87M	shares	1 Quarter
Weighted Average Number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.87M	shares	2 Qtrs

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$17.13K	USD	2 Qtrs
Net loss	`ProfitLoss`	$11.32K	USD	2 Qtrs
Amortization of software asset	`AmortizationOfIntangibleAssets`	-	USD	2 Qtrs
Amortization of software asset	`AmortizationOfIntangibleAssets`	$1.26K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.18K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.13K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.88K	USD	2 Qtrs
Advances from former sole officer and director	`PaymentsForAdvanceToAffiliate`	$8.82K	USD	2 Qtrs
Advances from former sole officer and director	`PaymentsForAdvanceToAffiliate`	$21.20K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$21.20K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.82K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$927.00	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$63.00	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.07K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$505.00	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.43K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.01K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.07K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$505.00	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.43K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.01K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Software acquired March 17, 2022 using funds transferred from former sole officer and director (and credited to amount due to former sole officer and director) to vendor of software	`CapitalizedComputerSoftwarePeriodIncreaseDecrease`	-	USD	2 Qtrs
Software acquired March 17, 2022 using funds transferred from former sole officer and director (and credited to amount due to former sole officer and director) to vendor of software	`CapitalizedComputerSoftwarePeriodIncreaseDecrease`	$22.00K	USD	2 Qtrs
Satisfaction of amount due to former sole officer and director in connection with June 27, 2022 change in control transaction	`CapitalizedComputerSoftwareAdditions`	-	USD	2 Qtrs
Satisfaction of amount due to former sole officer and director in connection with June 27, 2022 change in control transaction	`CapitalizedComputerSoftwareAdditions`	$76.05K	USD	2 Qtrs
Software assigned to former sole officer and director in connection with June 27, 2022 change in control transaction	`CapitalizedComputerSoftwareAmortization1`	-	USD	2 Qtrs
Software assigned to former sole officer and director in connection with June 27, 2022 change in control transaction	`CapitalizedComputerSoftwareAmortization1`	$21.74K	USD	2 Qtrs

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-269.00	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-44.25K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-51.88K	USD	Point-in-time
Balance, shares	`SharesIssued`	3.87M	shares	Point-in-time
Balance, shares	`SharesIssued`	3.87M	shares	Point-in-time
Balance, shares	`SharesIssued`	3.87M	shares	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-12.63K	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$269.00	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$44.25K	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-18.19K	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-29.76K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-3.69K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.55K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.63K	USD	1 Quarter
Satisfaction of amount due to former sole officer and director in connection with June 27, 2022 change in control transaction	`PaymentsForRepurchaseOfCommonStock`	$76.05K	USD	1 Quarter
Assignment of software acquired March 17, 2022 to former sole officer and director in connection with June 27, 2022 change in control transaction	`AssignmentSoftware`	$20.74K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-11.57K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-269.00	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-44.25K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-51.88K	USD	Point-in-time
Balance, shares	`SharesOutstanding`	3.87M	shares	Point-in-time
Balance, shares	`SharesOutstanding`	3.87M	shares	Point-in-time
Balance, shares	`SharesOutstanding`	3.87M	shares	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-12.63K	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$269.00	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$44.25K	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-18.19K	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-29.76K	USD	Point-in-time

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