10-Q Filing

GUOCHUN INTERNATIONAL INC. CIK: 1765048 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001765048-22-000017`
Period End Date	20220930
Filing Date	20221114
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	charmt_10q20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 30 Income Statement 64 Cash Flow Statement 36 Stockholders Equity 24

Balance Sheet 30 line items

Line Item	Tag	Value	Unit	Period
Common Stock Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock Value Per Share	`CommonStockParOrStatedValuePerShare`	$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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.07K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Common Stock Shares Issued	`CommonStockSharesIssued`	3.87M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	-	USD	Point-in-time
Common Stock Shares Issued	`CommonStockSharesIssued`	3.87M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.07K	USD	Point-in-time
Common Stock Shares Outstanding	`CommonStockSharesOutstanding`	3.87M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$1.07K	USD	Point-in-time
Common Stock Shares Outstanding	`CommonStockSharesOutstanding`	3.87M	shares	Point-in-time
TOTAL ASSETS	`Assets`	-	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$297.00	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$100.00	USD	Point-in-time
Amount due to the current and former sole officer and director (non-interest bearing and due on demand), respectively	`DueFromEmployeesCurrent`	$45.23K	USD	Point-in-time
Amount due to the current and former sole officer and director (non-interest bearing and due on demand), respectively	`DueFromEmployeesCurrent`	$1.65K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$45.33K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.95K	USD	Point-in-time
Common stock, $0.001 par value, 75,000,000 shares authorized, 3,870,600 shares issued and outstanding as of September 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 September 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`	$76.65K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$68.98K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$82.46K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.95K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-44.25K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.07K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	3 Qtrs
REVENUES	`Revenues`	-	USD	3 Qtrs
COST OF REVENUES	`CostOfRevenue`	-	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	-	USD	3 Qtrs
COST OF REVENUES	`CostOfRevenue`	-	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	-	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	-	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$2.10K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$1.93K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$12.05K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$18.55K	USD	3 Qtrs
Amortization of software asset	`CapitalizedComputerSoftwareImpairments1`	-	USD	1 Quarter
Amortization of software asset	`CapitalizedComputerSoftwareImpairments1`	-	USD	1 Quarter
Amortization of software asset	`CapitalizedComputerSoftwareImpairments1`	$1.26K	USD	3 Qtrs
Amortization of software asset	`CapitalizedComputerSoftwareImpairments1`	-	USD	3 Qtrs
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$178.00	USD	3 Qtrs
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$1.26K	USD	3 Qtrs
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$66.00	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$746.00	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$2.68K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$13.49K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$2.16K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$19.80K	USD	3 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$2.16K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$2.68K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$19.80K	USD	3 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$13.49K	USD	3 Qtrs
OTHER INCOME (EXPENSES)	`InterestAndOtherIncome`	-	USD	3 Qtrs
OTHER INCOME (EXPENSES)	`InterestAndOtherIncome`	-	USD	1 Quarter
OTHER INCOME (EXPENSES)	`InterestAndOtherIncome`	-	USD	3 Qtrs
OTHER INCOME (EXPENSES)	`InterestAndOtherIncome`	-	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$2.16K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$13.49K	USD	3 Qtrs
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$19.80K	USD	3 Qtrs
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$2.68K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME (LOSS)	`IncomeLossFromContinuingOperations`	$2.16K	USD	1 Quarter
NET INCOME (LOSS)	`IncomeLossFromContinuingOperations`	$19.80K	USD	3 Qtrs
NET INCOME (LOSS)	`IncomeLossFromContinuingOperations`	$2.68K	USD	1 Quarter
NET INCOME (LOSS)	`IncomeLossFromContinuingOperations`	$13.49K	USD	3 Qtrs
Foreign currency translation adjustment	`DeferredPolicyAcquisitionCostForeignCurrencyTranslationAdjustmentAndOther`	-	USD	1 Quarter
Foreign currency translation adjustment	`DeferredPolicyAcquisitionCostForeignCurrencyTranslationAdjustmentAndOther`	-	USD	1 Quarter
Foreign currency translation adjustment	`DeferredPolicyAcquisitionCostForeignCurrencyTranslationAdjustmentAndOther`	-	USD	3 Qtrs
Foreign currency translation adjustment	`DeferredPolicyAcquisitionCostForeignCurrencyTranslationAdjustmentAndOther`	-	USD	3 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.68K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.16K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$13.49K	USD	3 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$19.80K	USD	3 Qtrs
Net loss per share- Basic and diluted	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net loss per share- Basic and diluted	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net loss per share- Basic and diluted	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share- Basic and diluted	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted Average Number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	3.87M	shares	1 Quarter
Weighted Average Number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	3.87M	shares	3 Qtrs
Weighted Average Number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	3.87M	shares	1 Quarter
Weighted Average Number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	3.87M	shares	3 Qtrs

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-13.49K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-19.80K	USD	3 Qtrs
Amortization of software asset	`AmortizationOfIntangibleAssets`	$1.26K	USD	3 Qtrs
Amortization of software asset	`AmortizationOfIntangibleAssets`	-	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-197.00	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.55K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$24.36K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.03K	USD	3 Qtrs
Advances from the current sole officer and director	`InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease`	$1.65K	USD	3 Qtrs
Advances from the current sole officer and director	`InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease`	-	USD	3 Qtrs
Advances from the former sole officer and director	`LoansAndLeasesReceivableRelatedPartiesProceeds`	$9.31K	USD	3 Qtrs
Advances from the former sole officer and director	`LoansAndLeasesReceivableRelatedPartiesProceeds`	$23.34K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$23.34K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.96K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.02K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.07K	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.43K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.07K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$409.00	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	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`	$1.07K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$409.00	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 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	3 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	3 Qtrs
Satisfaction of amount due to former sole officer and director in connection with June 27, 2022 change in control transaction	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$76.53K	USD	3 Qtrs
Satisfaction of amount due to former sole officer and director in connection with June 27, 2022 change in control transaction	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	-	USD	3 Qtrs
Software assigned to former sole officer and director in connection with June 27, 2022 change in control transaction	`CapitalizedComputerSoftwareAmortization1`	-	USD	3 Qtrs
Software assigned to former sole officer and director in connection with June 27, 2022 change in control transaction	`CapitalizedComputerSoftwareAmortization1`	$21.74K	USD	3 Qtrs

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-269.00	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-18.19K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.95K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-51.88K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-44.25K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-29.76K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-32.44K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-12.63K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-2.16K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.68K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.69K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.57K	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
Satisfaction of amount due to former sole officer and director in connection with June 27, 2022 change in control transaction	`AssignmentSoftware`	$485.00	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-269.00	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-18.19K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.95K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-51.88K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-44.25K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-29.76K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-32.44K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-12.63K	USD	Point-in-time

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