SEC Info - Qhy Group - ‘10-Q’ for 3/31/20

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Qhy Group – ‘10-Q’ for 3/31/20 – ‘R8’

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

  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

‘R8’ — Going Concern

This is an IDEA Financial Report. [ Alternative Formats ]

Going Concern

3 Months Ended

Mar. 31, 2020

Going Concern [Abstract]

Going concern

2. Going concern

The Company's financial statements are prepared using accounting principles generally accepted in the United States of America ("U.S. GAAP") applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company's obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Successful execution of the Company's plan to enter the water solutions business and its transition to attaining profitable operations, are dependent upon obtaining additional financing. The Company plans to improve its future liquidity by obtaining additional financing through the issuance of financial instruments such as equity and warrants or through credit loans. Additional financing may not be available on acceptable terms or at all. If the Company issues additional equity securities to raise funds, the ownership percentage of existing stockholders would be reduced. New investors may demand rights, preferences or privileges senior to those of existing holders of common stock.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. We will continue to rely on loans from our major shareholders and directors for payments of expenditures other than purchasing from manufacturers in China. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Dates Referenced Herein

This ‘10-Q’ Filing	Date	Other Filings

Filed on:	5/1/20	None on these Dates
For Period end:	3/31/20
		List all Filings

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Filing Submission 0001213900-20-010701 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)