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Qhy Group – ‘10-Q’ for 3/31/20 – ‘R28’

On:  Friday, 5/1/20, at 8:25am ET   ·   For:  3/31/20   ·   Accession #:  1213900-20-10701   ·   File #:  0-55933

Previous ‘10-Q’:  ‘10-Q’ on 11/13/19 for 9/30/19   ·   Next:  ‘10-Q’ on 7/21/20 for 6/30/20   ·   Latest:  ‘10-Q’ on 11/5/21 for 9/30/21

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/01/20  Qhy Group                         10-Q        3/31/20   48:1.6M                                   Edgar Agents LLC/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    164K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     20K 
 3: EX-32.1     Certification -- §906 - SOA'02                      HTML     16K 
16: R1          Document and Entity Information                     HTML     48K 
38: R2          Consolidated Balance Sheets                         HTML     59K 
44: R3          Consolidated Balance Sheets (Parenthetical)         HTML     30K 
29: R4          Consolidated Statements of Operations and           HTML     61K 
                Comprehensive Loss                                               
15: R5          Consolidated Statements of Changes in               HTML     26K 
                Stockholders' Equity                                             
37: R6          Consolidated Statements of Cash Flows               HTML     58K 
43: R7          Organization and Principal Activities               HTML     25K 
28: R8          Going Concern                                       HTML     20K 
17: R9          Summary of Significant Accounting Policies          HTML     28K 
27: R10         Due from a Related Party                            HTML     17K 
13: R11         Accounts Payable                                    HTML     21K 
34: R12         Related Party Transactions and Balances             HTML     32K 
40: R13         Stockholder's Equity                                HTML     35K 
26: R14         Income Taxes                                        HTML     28K 
12: R15         Subsequent Events                                   HTML     19K 
33: R16         Summary of Significant Accounting Policies          HTML     41K 
                (Policies)                                                       
39: R17         Summary of Significant Accounting Policies          HTML     19K 
                (Tables)                                                         
25: R18         Accounts Payable (Tables)                           HTML     21K 
14: R19         Related Party Transactions and Balances (Tables)    HTML     25K 
31: R20         Stockholder's Equity (Tables)                       HTML     31K 
48: R21         Income Taxes (Tables)                               HTML     29K 
23: R22         Organization and Principal Activities (Details)     HTML     35K 
20: R23         Summary of Significant Accounting Policies          HTML     17K 
                (Details)                                                        
30: R24         Due from a Related Party (Details)                  HTML     23K 
47: R25         Accounts Payable (Details)                          HTML     30K 
22: R26         Related Party Transactions and Balances (Details)   HTML     22K 
19: R27         Related Party Transactions and Balances (Details    HTML     29K 
                1)                                                               
32: R28         Related Party Transactions and Balances (Details    HTML     68K 
                Textual)                                                         
45: R29         Stockholder's Equity (Details)                      HTML     21K 
41: R30         Stockholder's Equity (Details 1)                    HTML     27K 
35: R31         Stockholder's Equity (Details 2)                    HTML     22K 
10: R32         Stockholder's Equity (Details Textual)              HTML     67K 
24: R33         Income Taxes (Details)                              HTML     24K 
42: R34         Income Taxes (Details 1)                            HTML     23K 
36: R35         Income Taxes (Details 2)                            HTML     26K 
11: R36         Income Taxes (Details Textual)                      HTML     18K 
21: XML         IDEA XML File -- Filing Summary                      XML     83K 
46: EXCEL       IDEA Workbook of Financial Reports                  XLSX     39K 
 4: EX-101.INS  XBRL Instance -- qhyg-20200331                       XML    333K 
 6: EX-101.CAL  XBRL Calculations -- qhyg-20200331_cal               XML     81K 
 7: EX-101.DEF  XBRL Definitions -- qhyg-20200331_def                XML    206K 
 8: EX-101.LAB  XBRL Labels -- qhyg-20200331_lab                     XML    425K 
 9: EX-101.PRE  XBRL Presentations -- qhyg-20200331_pre              XML    347K 
 5: EX-101.SCH  XBRL Schema -- qhyg-20200331                         XSD     95K 
18: ZIP         XBRL Zipped Folder -- 0001213900-20-010701-xbrl      Zip     52K 


‘R28’   —   Related Party Transactions and Balances (Details Textual)


This is an IDEA Financial Report.  [ Alternative Formats ]



 
v3.20.1
Related Party Transactions and Balances (Details Textual) - USD ($)
1 Months Ended 3 Months Ended 12 Months Ended
Related Party Transactions and Balances (Textual)              
Long-term loan from a shareholder       $ 403,672     $ 375,822
Lender provided to related party       27,849 $ 18,174    
Interest expenses loan       9,480 7,030    
Professional service expense       28,500 28,500    
License fee expense       12,500 $ 12,500    
Aggregate consideration       $ 2,196,500     $ 2,196,500
Common Stock [ Member]              
Related Party Transactions and Balances (Textual)              
Issue common shares for capital, shares       6,655,750   6,655,750  
Aggregate consideration           $ 2,196,500  
PBG Water Solutions International Inc. [Member]              
Related Party Transactions and Balances (Textual)              
License and supply agreement, description     PBG Water Solutions entered into a License and Supply Agreement with an individual shareholder who owned 50% of PBG Water Solutions’ common stock and the shareholder’s majority owned company Beijing QHY Environment S & T Co., Ltd. (“Beijing QHY”). Pursuant to the License and Supply Agreement and its Amendment entered into in June 2017, the individual shareholder and Beijing QHY (the “Licensor”) granted PBG the exclusive use of 21 patents in any area outside the People’s Republic of China (the “PRC”) for 20 years. A one-time fee of $1 million shall be paid before December 31, 2021, and royalties of 1% of the net revenue received by PBG from the sale, license or other distribution of the licensed products shall be paid annually        
Financial advisory agreement, description   PBG Water Solutions will pay Rebus $30,000 per quarter. The agreement has a term of five years from March 2018 but is cancellable by either party on sixty days' notice. The service fee for the first 3 months was waived by Rebus.          
PBG Water Solutions International Inc. [Member] | Shareholder [Member]              
Related Party Transactions and Balances (Textual)              
Ownership percentage       47.15%      
Credit Loan Agreement [Member]              
Related Party Transactions and Balances (Textual)              
Ownership percentage 28.29%            
Loan amount $ 500,000            
Credit loan term 2 Years            
Annual interest rate 10.00%            
Cash less warrant to purchase of common stock 50,000,000            
Exercise price $ 0.01            
Warrant exercisable, description (i) raises more than $20 million in equity or (ii) has revenue in excess of $100 million in any fiscal year.            
Lender cashless warrant term 3 years            

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
12/31/21
Filed on:5/1/20
For Period end:3/31/20
12/31/1910-K
3/31/1910-Q
12/31/1810-K
5/1/18
2/28/18
4/30/17
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Filing Submission 0001213900-20-010701   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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