10-Q Filing

GUOCHUN INTERNATIONAL INC. CIK: 1765048 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001765048-23-000006`
Period End Date	20230331
Filing Date	20230510
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	chmt_10q31mar2023_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 26 Income Statement 30 Cash Flow Statement 32 Stockholders Equity 13

Balance Sheet 26 line items

Line Item	Tag	Value	Unit	Period
Common Stock Stated Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	-	USD	Point-in-time
Common Stock Stated Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	-	USD	Point-in-time
CommonStockSharesAuthorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
CommonStockSharesAuthorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
CommonStockSharesIssued	`CommonStockSharesIssued`	3.87M	shares	Point-in-time
CommonStockSharesIssued	`CommonStockSharesIssued`	3.87M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.09K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.72K	USD	Point-in-time
CommonStockSharesOutstanding	`CommonStockSharesOutstanding`	3.87M	shares	Point-in-time
CommonStockSharesOutstanding	`CommonStockSharesOutstanding`	3.87M	shares	Point-in-time
Amount due to the sole officer and director (non-interest bearing and due on demand)	`AccruedLiabilitiesCurrent`	$3.36K	USD	Point-in-time
Amount due to the sole officer and director (non-interest bearing and due on demand)	`AccruedLiabilitiesCurrent`	$9.36K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$12.45K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$5.08K	USD	Point-in-time
Common stock, $0.001 par value, 75,000,000 shares authorized, 3,870,600 shares issued and outstanding as of March 31, 2023 and December 31, 2022 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 March 31, 2023 and December 31, 2022 respectively	`CommonStockValue`	$3.87K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$76.65K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$76.65K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$85.60K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$92.96K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.08K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.45K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
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
Professional fees	`ProfessionalFees`	$6.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$5.33K	USD	1 Quarter
Amortization of software asset	`AmortizationOfIntangibleAssets`	$157.00	USD	1 Quarter
Amortization of software asset	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$1.36K	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$2.15K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$7.63K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$7.37K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$7.63K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$7.37K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.63K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.37K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.63K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.37K	USD	1 Quarter
Foreign currency translation adjustment	`IndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss`	-	USD	1 Quarter
Foreign currency translation adjustment	`IndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss`	-	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToNoncontrollingInterest`	$7.37K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToNoncontrollingInterest`	$7.63K	USD	1 Quarter
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 Basis and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	3.87M	shares	1 Quarter
Weighted Average Number of shares outstanding Basis and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	3.87M	shares	1 Quarter

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.63K	USD	1 Quarter
Amortization of software asset	`DepreciationAndAmortization`	$157.00	USD	1 Quarter
Amortization of software asset	`DepreciationAndAmortization`	-	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.36K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.90K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.57K	USD	1 Quarter
Advances from the current sole officer and director	`InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease`	$6.00K	USD	1 Quarter
Advances from the current sole officer and director	`InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease`	-	USD	1 Quarter
Advances from the former sole officer and director	`LoansAndLeasesReceivableRelatedPartiesProceeds`	$1.80K	USD	1 Quarter
Advances from the former sole officer and director	`LoansAndLeasesReceivableRelatedPartiesProceeds`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.80K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-771.00	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$304.00	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.07K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$304.00	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.07K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
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	1 Quarter
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	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance as of December 31, 2021 (Audited)	`StockholdersEquity`	$-44.25K	USD	Point-in-time
Balance as of December 31, 2021 (Audited)	`StockholdersEquity`	$-12.45K	USD	Point-in-time
Balance as of December 31, 2021 (Audited)	`StockholdersEquity`	$-5.08K	USD	Point-in-time
Balance as of December 31, 2021 (Audited)	`StockholdersEquity`	$-51.88K	USD	Point-in-time
Balance as of March 31, 2023	`SharesOutstanding`	3.87M	shares	Point-in-time
Balance as of March 31, 2023	`SharesOutstanding`	3.87M	shares	Point-in-time
Balance as of March 31, 2023	`SharesOutstanding`	3.87M	shares	Point-in-time
Net loss	`NetIncomeLoss`	$-7.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.63K	USD	1 Quarter
Balance as of March 31, 2022 Unaudited)	`StockholdersEquity`	$-44.25K	USD	Point-in-time
Balance as of March 31, 2022 Unaudited)	`StockholdersEquity`	$-12.45K	USD	Point-in-time
Balance as of March 31, 2022 Unaudited)	`StockholdersEquity`	$-5.08K	USD	Point-in-time
Balance as of March 31, 2022 Unaudited)	`StockholdersEquity`	$-51.88K	USD	Point-in-time

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