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New Momentum Corp. – ‘10-K’ for 12/31/19 – ‘EX-101.INS’

On: Monday, 3/30/20, at 11:56am ET · For: 12/31/19 · Accession #: 1477932-20-1633 · File #: 0-52273

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

 3/30/20  New Momentum Corp.                10-K       12/31/19   39:1.5M                                   Discount Edgar/FA

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

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    350K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     18K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     18K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     13K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     13K 
22: R1          Document and Entity Information                     HTML     65K 
36: R2          Balance Sheets                                      HTML     76K 
31: R3          Balance Sheets (Parenthetical)                      HTML     34K 
13: R4          Statements of Operations                            HTML     52K 
23: R5          Statement Of Stockholder's Equity                   HTML     38K 
37: R6          Statements of Cash Flows                            HTML     65K 
32: R7          Organization, History and Business Activity         HTML     19K 
12: R8          Significant Accounting Policies                     HTML     40K 
24: R9          Going Concern                                       HTML     18K 
18: R10         Income Taxes                                        HTML     33K 
20: R11         Common Stock                                        HTML     16K 
39: R12         Related Party Transactions                          HTML     16K 
28: R13         Note Payable                                        HTML     16K 
17: R14         Release of Liabilities                              HTML     15K 
19: R15         Subsequent Events                                   HTML     15K 
38: R16         Significant Accounting Policies (Policies)          HTML     62K 
27: R17         Income Taxes (Tables)                               HTML     34K 
16: R18         Organization, History and Business Activity         HTML     20K 
                (Details narrative)                                              
21: R19         Going Concern (Details Narrative)                   HTML     18K 
34: R20         Income Taxes (Details)                              HTML     26K 
30: R21         Income Taxes (Details 1)                            HTML     23K 
14: R22         Income Taxes (Details Narrative)                    HTML     15K 
25: R23         Common Stock (Details Narrative)                    HTML     39K 
33: R24         Related Party Transactions (Details Narrative)      HTML     21K 
29: R25         Release of Liabilities (Details Narrative)          HTML     20K 
26: XML         IDEA XML File -- Filing Summary                      XML     59K 
35: EXCEL       IDEA Workbook of Financial Reports                  XLSX     30K 
 6: EX-101.INS  XBRL Instance -- ekkh-20191231                       XML    275K 
 9: EX-101.CAL  XBRL Calculations -- ekkh-20191231_cal               XML     36K 
11: EX-101.DEF  XBRL Definitions -- ekkh-20191231_def                XML     98K 
 8: EX-101.LAB  XBRL Labels -- ekkh-20191231_lab                     XML    300K 
10: EX-101.PRE  XBRL Presentations -- ekkh-20191231_pre              XML    251K 
 7: EX-101.SCH  XBRL Schema -- ekkh-20191231                         XSD     55K 
15: ZIP         XBRL Zipped Folder -- 0001477932-20-001633-xbrl      Zip     46K

‘EX-101.INS’ — XBRL Instance — ekkh-20191231

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<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;">Eason Education Kingdom Holdings, Inc. (formerly known as Han Logistics, Inc.) (the “Company”) was incorporated under the law of the State of Nevada on July 1, 1999. The Company organized to engage in the business of namely the development, marketing and delivering of logistical analysis, problem solving and other logistics services and general business services. The Company is currently seeking any business opportunities. On February 12, 2015, Michael Vardakis, the then major shareholder, entered into a Stock Purchase Agreement with Kin Hon Chu (“New Majority Shareholder”) wherein Mr. Vardakis sold 8,813,225 shares of the Company’s common stock, representing approximately 85% of all issued and outstanding shares to Mr. Chu.</div>

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<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;">This summary of significant accounting policies of Eason Education Kingdom Holdings, Inc. is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) and have been consistently applied in the preparation of the financial statements. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. The Company currently has cash held in a trust account held by the Company’s legal counsel. Fair Value of Financial Instruments Effective January 1, 2008, the Company adopted FASB ASC 820, Fair Value Measurements, which provides a framework for measuring fair value under GAAP. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standard also expands disclosures about instruments measured at fair value and establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 – Quoted prices for identical assets and liabilities in active markets; Level 2 – Quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and Level 3 – Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. The Company designates cash equivalents as Level 1. The total amount of the Company’s investment classified as Level 3 is de minimis. The fair value of the Company’s debt as of December 31, 2019 and 2018 approximated fair value at those times. Fair value of financial instruments: The carrying amounts of financial instruments, including cash, accounts payable, and accrued expenses approximated fair value as of December 31, 2019 and 2018 because of the relative short term nature of these instruments. Revenue Recognition The Company recognizes revenue, in accordance with ASC 605, Revenue Recognition, which codified the Securities and Exchange Commission Staff Accounting Bulletin (SAB) number 104, which states that revenue is generally recognized when it is realized and earned. Specifically, the Company recognizes revenue when services are performed and projects are completed and accepted by the customer. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates. Income Taxes The Company accounts for income taxes under an asset and liability approach. This process involves calculating the temporary and permanent differences between the carrying amounts of the assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The temporary differences result in deferred tax assets and liabilities, which would be recorded on the Company’s balance sheets in accordance with ASC 740, Income Taxes, which established financial accounting and reporting standards for the effect of income taxes. The Company must assess the likelihood that its deferred tax assets will be recovered from future taxable income and, to the extent the Company believes that recovery is not likely, the Company must establish a valuation allowance. Changes in the Company’s valuation allowance in a period are recorded through the income tax provision on the statements of operations. The Company records interest and penalties arising from the underpayment of income taxes in the statement of income under general and administrative expenses. As of December 31, 2019 and 2018, the Company had no accrued interest or penalties related to uncertain tax positions. The company also did not have any uncertain tax benefits during these years. The tax years 2019, 2018 and 2017 remain open to examination. Earnings (Loss) per Share The Company is required to provide basic and dilutive earnings (loss) per common share information. The basic net loss per common share is computed by dividing the net loss applicable to common stockholders by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss applicable to common stockholders, adjusted on an “as if converted” basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For the year ended December 31, 2019 and 2018, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share. Recent Accounting Pronouncements ASU No. 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, provides financial statement preparers with an option to reclassify stranded tax effects within AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act (or portion thereof) is recorded. The ASU requires financial statement preparers to disclose: <table style="border-collapse:collapse;text-align:justify;font:10pt times new roman;width:100%"> <tr> <td style="width:4%;vertical-align:top;"> •</td> <td style="vertical-align:top;"> A description of the accounting policy for releasing income tax effects from AOCI;</td></tr> <tr> <td style="vertical-align:top;"> •</td> <td style="vertical-align:top;"> Whether they elect to reclassify the stranded income tax effects from the Tax Cuts and Jobs Act; and</td></tr> <tr> <td style="vertical-align:top;"> •</td> <td style="vertical-align:top;"> Information about the other income tax effects that are reclassified.</td></tr></table> The amendments affect any organization that is required to apply the provisions of Topic 220, Income Statement—Reporting Comprehensive Income, and has items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by GAAP. The amendments are effective for all organizations for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. Organizations should apply the proposed amendments either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The FASB has issued Accounting Standards Update (ASU) No. 2018-05, Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118. ASU 2018-05 amends certain SEC material in Topic 740 for the income tax accounting implications of the recently issued Tax Cuts and Jobs Act (Act). ASU 2018-05 adds the following guidance, among other things, to the FASB Accounting Standards Codification™ regarding the Act: <table style="border-collapse:collapse;text-align:justify;font:10pt times new roman;width:100%"> <tr> <td style="width:4%;vertical-align:top;"> •</td> <td style="vertical-align:top;"> Question 1: If the accounting for certain income tax effects of the Act is not completed by the time a company issues its financial statements that include the reporting period in which the Act was enacted, what amounts should a company include in its financial statements for those income tax effects for which the accounting under Topic 740 is incomplete?</td></tr> <tr> <td></td> <td> </td></tr> <tr> <td style="vertical-align:top;"> •</td> <td style="vertical-align:top;"> Answer 1: In a company’s financial statements that include the reporting period in which the Act was enacted, a company must first reflect the income tax effects of the Act in which the accounting under Topic 740 is complete. These completed amounts would not be provisional amounts. The company would then also report provisional amounts for those specific income tax effects of the Act for which the accounting under Topic 740 will be incomplete but a reasonable estimate can be determined. For any specific income tax effects of the Act for which a reasonable estimate cannot be determined, the company would not report provisional amounts and would continue to apply Topic 740 based on the provisions of the tax laws that were in effect immediately prior to the Act being enacted. For those income tax effects for which a company was not able to determine a reasonable estimate (such that no related provisional amount was reported for the reporting period in which the Act was enacted), the company would report provisional amounts in the first reporting period in which a reasonable estimate can be determined.</td></tr></table> <table style="border-collapse:collapse;text-align:justify;font:10pt times new roman;width:100%"> <tr> <td style="width:4%;vertical-align:top;"> •</td> <td style="vertical-align:top;"> Question 2: If an entity accounts for certain income tax effects of the Act under a measurement period approach, what disclosures should be provided?</td></tr> <tr> <td></td> <td> </td></tr> <tr> <td style="vertical-align:top;"> •</td> <td style="vertical-align:top;"> Answer 2: The staff believes an entity should include financial statement disclosures to provide information about the material financial reporting impacts of the Act for which the accounting under Topic 740 is incomplete, including:</td></tr></table> a. Qualitative disclosures of the income tax effects of the Act for which the accounting is incomplete; b. Disclosures of items reported as provisional amounts; c. Disclosures of existing current or deferred tax amounts for which the income tax effects of the Act have not been completed; d. The reason why the initial accounting is incomplete; e. The additional information that is needed to be obtained, prepared, or analyzed in order to complete the accounting requirements under Topic 740; f. The nature and amount of any measurement period adjustments recognized during the reporting period; g. The effect of measurement period adjustments on the effective tax rate; and h. When the accounting for the income tax effects of the Act has been completed. ASU 2018-05 is effective upon inclusion in the FASB Codification. The FASB has issued Accounting Standards Update (ASU) No. 2018-17, Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities, that reduces the cost and complexity of financial reporting associated with consolidation of variable interest entities (VIEs). A VIE is an organization in which consolidation is not based on a majority of voting rights. The new guidance supersedes the private company alternative for common control leasing arrangements issued in 2014 and expands it to all qualifying common control arrangements. Under the new standard, a private company could make an accounting policy election to not apply VIE guidance to legal entities under common control (including common control leasing arrangements) when certain criteria are met. This accounting policy election must be applied by a private company to all current and future legal entities under common control that meet the criteria for applying the alternative. A private company will be required to continue to apply other consolidation guidance, specifically the voting interest entity guidance. Additionally, a private company electing the alternative is required to provide detailed disclosures about its involvement with, and exposure to, the legal entity under common control. The ASU also amends the guidance for determining whether a decision-making fee is a variable interest. The amendments require organizations to consider indirect interests held through related parties under common control on a proportional basis rather than as the equivalent of a direct interest in its entirety (as currently required in GAAP). Therefore, these amendments likely will result in more decision makers not consolidating VIEs. For organizations other than private companies, the amendments in this ASU are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The amendments in this ASU are effective for a private company for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. Early adoption is permitted.” We do not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the financial position, statements of operations and cash flows. </div>

</us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock>

<us-gaap:SubstantialDoubtAboutGoingConcernTextBlock contextRef="From2019-01-01to2019-12-31">

<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;">The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company incurred a net loss of $47,824 (from operations) for the year ended December 31, 2019 and an accumulated deficit of $714,514. It also sustained operating losses in prior years as well. These factors raise substantial doubt as to its ability to remain a going concern and obtain debt and/or equity financing and achieve profitable operations. Management intends to raise additional operating funds through equity and/or debt offerings. However, there can be no assurance management will be successful in its endeavors. Ultimately, the Company will need to achieve profitable operations in order to continue as a going concern. There are no assurances that Eason Education Kingdom Holdings, Inc. will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support its working capital requirements. To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available, the Company may be required to curtail its operations.</div>

</us-gaap:SubstantialDoubtAboutGoingConcernTextBlock>

<us-gaap:IncomeTaxDisclosureTextBlock contextRef="From2019-01-01to2019-12-31">

<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;">Deferred taxes are provided on an asset and liability approach whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. <table style="border-collapse:collapse;text-align:justify;font:10pt times new roman;width:100%"> <tr> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> 2019:</td> <td style="vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> Balance</td> <td style="vertical-align:bottom;"></td> <td style="vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> Rate</td> <td style="vertical-align:bottom;"></td> <td style="vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> Tax</td> <td style="vertical-align:bottom;"> </td></tr> <tr style="background-color:#cceeff;"> <td style="vertical-align:top;"> Federal loss carryforward</td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> 673,918</td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="width:9%;vertical-align:bottom;"> 21</td> <td style="width:1%;vertical-align:bottom;"> %</td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> 141,523</td> <td style="width:1%;vertical-align:bottom;"> </td></tr> <tr style="background-color:#ffffff;"> <td style="vertical-align:top;"> Valuation allowance</td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> (141,523</td> <td style="width:1%;vertical-align:bottom;"> )</td></tr> <tr style="background-color:#cceeff;"> <td style="vertical-align:top;"> Deferred tax asset</td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> $</td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;vertical-align:bottom;"></td></tr></table> <table style="border-collapse:collapse;text-align:justify;font:10pt times new roman;width:100%"> <tr> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> 2018:</td> <td style="vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> Balance</td> <td style="vertical-align:bottom;"></td> <td style="vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> Rate</td> <td style="vertical-align:bottom;"></td> <td style="vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> Tax</td> <td style="vertical-align:bottom;"> </td></tr> <tr style="background-color:#cceeff;"> <td style="vertical-align:top;"> Federal loss carryforward</td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> 626,094</td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="width:9%;vertical-align:bottom;"> 21</td> <td style="width:1%;vertical-align:bottom;"> %</td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> 131,480</td> <td style="width:1%;vertical-align:bottom;"> </td></tr> <tr style="background-color:#ffffff;"> <td style="vertical-align:top;"> Valuation allowance</td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> (131,480</td> <td style="width:1%;vertical-align:bottom;"> )</td></tr> <tr style="background-color:#cceeff;"> <td style="vertical-align:top;"> Deferred tax asset</td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> $</td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;vertical-align:bottom;"></td></tr></table> A reconciliation between expected and actual tax liability is presented below. <table style="border-collapse:collapse;text-align:justify;font:10pt times new roman;width:100%"> <tr> <td style="vertical-align:bottom;"></td> <td style="vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> 2019</td> <td style="vertical-align:bottom;"></td> <td style="vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> 2018</td> <td style="vertical-align:bottom;"> </td></tr> <tr style="background-color:#cceeff;"> <td style="vertical-align:top;"> Expected (Benefit) – Federal rate 21% </td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> (10,043</td> <td style="width:1%;vertical-align:bottom;"> )</td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> (12,765</td> <td style="width:1%;vertical-align:bottom;"> )</td></tr> <tr style="background-color:#ffffff;"> <td></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"> </td></tr> <tr style="background-color:#cceeff;"> <td style="vertical-align:top;"> Effect of:</td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"> </td></tr> <tr style="background-color:#ffffff;"> <td style="vertical-align:top;"> Valuation allowance</td> <td style="width:1%;vertical-align:bottom;"></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> 10,043</td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> 12,765</td> <td style="width:1%;vertical-align:bottom;"> </td></tr> <tr style="background-color:#cceeff;"> <td style="vertical-align:top;"> Total Actual Provision</td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> $</td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> $</td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;vertical-align:bottom;"></td></tr></table> As of December 31, 2019, the Company has provided tax losses of $673,918 (December 31, 2018: $626,094). Deferred tax asset is not provided for as the tax losses may not be able to carry forward after a change in substantial ownership of the Company in February 2015.</div>

</us-gaap:IncomeTaxDisclosureTextBlock>

<us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="From2019-01-01to2019-12-31">

<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;">As of December 31, 2019 and 2018, the Company authorized two classes of stock; 500,000,000 shares of common stock at par value of $0.001 and 175,000,000 Class A preferred stock at par value of $0.001., There are 310,868,500 common shares issued and outstanding as of December 31, 2019 and 2018. None of the Class A preferred stock is issued. During October 2015, the Company issued 300,500,000 share of common stock for a consideration of $300,500 in cash. </div>

</us-gaap:StockholdersEquityNoteDisclosureTextBlock>

<us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="From2019-01-01to2019-12-31">

<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;">The Company currently utilizes office space on a rent-free basis from a director and shareholder, and shall do so until substantial revenue-producing operations commence. Management deemed the rent-free space to be of no nominal value. As of December 31, 2019 and 2018, total notes payable to the related parties and accrued interests amounted to $0 and $0 in the aggregate. As of December 31, 2019 and 2018, there were no outstanding balance due from or due to the shareholders.</div>

</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>

<us-gaap:DebtDisclosureTextBlock contextRef="From2019-01-01to2019-12-31">

</us-gaap:DebtDisclosureTextBlock>

<ekkh:ReleaseOfLiabilitiesTextBlock contextRef="From2019-01-01to2019-12-31">

<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;">On February 12, 2015, Michael Vardakis (“Then Majority Shareholder”) entered into a Stock Purchase Agreement with Kin Hon Chu (“New Majority Shareholder”) wherein Mr. Vardakis sold 8,813,225 shares of the Company’s common stock, representing approximately 85% of all issued and outstanding shares to Mr. Chu. Mr. Chu paid $4,406.61 to Michael Vardakis for this control block of shares and also directly paid off all of the existing liabilities of the Company. Accordingly, certain liabilities of $236,959 were released by the creditors as a result of the change. </div>

</ekkh:ReleaseOfLiabilitiesTextBlock>

<us-gaap:SubsequentEventsTextBlock contextRef="From2019-01-01to2019-12-31">

<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;">The Company has evaluated the period after the balance sheet date up through the date that the financial statements were issued, and determined that there were no subsequent events or transactions that required recognition or disclosure in the financial statements.</div>

</us-gaap:SubsequentEventsTextBlock>

<us-gaap:CashAndCashEquivalentsPolicyTextBlock contextRef="From2019-01-01to2019-12-31">

<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;">The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. The Company currently has cash held in a trust account held by the Company’s legal counsel. </div>

</us-gaap:CashAndCashEquivalentsPolicyTextBlock>

<us-gaap:FairValueOfFinancialInstrumentsPolicy contextRef="From2019-01-01to2019-12-31">

<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;">Effective January 1, 2008, the Company adopted FASB ASC 820, Fair Value Measurements, which provides a framework for measuring fair value under GAAP. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standard also expands disclosures about instruments measured at fair value and establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 – Quoted prices for identical assets and liabilities in active markets; Level 2 – Quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and Level 3 – Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. The Company designates cash equivalents as Level 1. The total amount of the Company’s investment classified as Level 3 is de minimis. The fair value of the Company’s debt as of December 31, 2019 and 2018 approximated fair value at those times. Fair value of financial instruments: The carrying amounts of financial instruments, including cash, accounts payable, and accrued expenses approximated fair value as of December 31, 2019 and 2018 because of the relative short term nature of these instruments.</div>

</us-gaap:FairValueOfFinancialInstrumentsPolicy>

<us-gaap:RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure contextRef="From2019-01-01to2019-12-31">

<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;">The Company recognizes revenue, in accordance with ASC 605, Revenue Recognition, which codified the Securities and Exchange Commission Staff Accounting Bulletin (SAB) number 104, which states that revenue is generally recognized when it is realized and earned. Specifically, the Company recognizes revenue when services are performed and projects are completed and accepted by the customer. </div>

</us-gaap:RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure>

<us-gaap:UseOfEstimates contextRef="From2019-01-01to2019-12-31">

<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;">The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates.</div>

</us-gaap:UseOfEstimates>

<us-gaap:IncomeTaxPolicyTextBlock contextRef="From2019-01-01to2019-12-31">

<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;">The Company accounts for income taxes under an asset and liability approach. This process involves calculating the temporary and permanent differences between the carrying amounts of the assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The temporary differences result in deferred tax assets and liabilities, which would be recorded on the Company’s balance sheets in accordance with ASC 740, Income Taxes, which established financial accounting and reporting standards for the effect of income taxes. The Company must assess the likelihood that its deferred tax assets will be recovered from future taxable income and, to the extent the Company believes that recovery is not likely, the Company must establish a valuation allowance. Changes in the Company’s valuation allowance in a period are recorded through the income tax provision on the statements of operations. The Company records interest and penalties arising from the underpayment of income taxes in the statement of income under general and administrative expenses. As of December 31, 2019 and 2018, the Company had no accrued interest or penalties related to uncertain tax positions. The company also did not have any uncertain tax benefits during these years. The tax years 2019, 2018 and 2017 remain open to examination.</div>

</us-gaap:IncomeTaxPolicyTextBlock>

<us-gaap:EarningsPerSharePolicyTextBlock contextRef="From2019-01-01to2019-12-31">

<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;">The Company is required to provide basic and dilutive earnings (loss) per common share information. The basic net loss per common share is computed by dividing the net loss applicable to common stockholders by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss applicable to common stockholders, adjusted on an “as if converted” basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For the year ended December 31, 2019 and 2018, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share.</div>

</us-gaap:EarningsPerSharePolicyTextBlock>

<us-gaap:DescriptionOfNewAccountingPronouncementsNotYetAdopted contextRef="From2019-01-01to2019-12-31">

<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;">ASU No. 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, provides financial statement preparers with an option to reclassify stranded tax effects within AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act (or portion thereof) is recorded. The ASU requires financial statement preparers to disclose: <table style="border-collapse:collapse;text-align:justify;font:10pt times new roman;width:100%"> <tr> <td style="width:4%;vertical-align:top;"> •</td> <td style="vertical-align:top;"> A description of the accounting policy for releasing income tax effects from AOCI;</td></tr> <tr> <td style="vertical-align:top;"> •</td> <td style="vertical-align:top;"> Whether they elect to reclassify the stranded income tax effects from the Tax Cuts and Jobs Act; and</td></tr> <tr> <td style="vertical-align:top;"> •</td> <td style="vertical-align:top;"> Information about the other income tax effects that are reclassified.</td></tr></table> The amendments affect any organization that is required to apply the provisions of Topic 220, Income Statement—Reporting Comprehensive Income, and has items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by GAAP. The amendments are effective for all organizations for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. Organizations should apply the proposed amendments either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The FASB has issued Accounting Standards Update (ASU) No. 2018-05, Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118. ASU 2018-05 amends certain SEC material in Topic 740 for the income tax accounting implications of the recently issued Tax Cuts and Jobs Act (Act). ASU 2018-05 adds the following guidance, among other things, to the FASB Accounting Standards Codification™ regarding the Act: <table style="border-collapse:collapse;text-align:justify;font:10pt times new roman;width:100%"> <tr> <td style="width:4%;vertical-align:top;"> •</td> <td style="vertical-align:top;"> Question 1: If the accounting for certain income tax effects of the Act is not completed by the time a company issues its financial statements that include the reporting period in which the Act was enacted, what amounts should a company include in its financial statements for those income tax effects for which the accounting under Topic 740 is incomplete?</td></tr> <tr> <td></td> <td> </td></tr> <tr> <td style="vertical-align:top;"> •</td> <td style="vertical-align:top;"> Answer 1: In a company’s financial statements that include the reporting period in which the Act was enacted, a company must first reflect the income tax effects of the Act in which the accounting under Topic 740 is complete. These completed amounts would not be provisional amounts. The company would then also report provisional amounts for those specific income tax effects of the Act for which the accounting under Topic 740 will be incomplete but a reasonable estimate can be determined. For any specific income tax effects of the Act for which a reasonable estimate cannot be determined, the company would not report provisional amounts and would continue to apply Topic 740 based on the provisions of the tax laws that were in effect immediately prior to the Act being enacted. For those income tax effects for which a company was not able to determine a reasonable estimate (such that no related provisional amount was reported for the reporting period in which the Act was enacted), the company would report provisional amounts in the first reporting period in which a reasonable estimate can be determined.</td></tr></table> <table style="border-collapse:collapse;text-align:justify;font:10pt times new roman;width:100%"> <tr> <td style="width:4%;vertical-align:top;"> •</td> <td style="vertical-align:top;"> Question 2: If an entity accounts for certain income tax effects of the Act under a measurement period approach, what disclosures should be provided?</td></tr> <tr> <td></td> <td> </td></tr> <tr> <td style="vertical-align:top;"> •</td> <td style="vertical-align:top;"> Answer 2: The staff believes an entity should include financial statement disclosures to provide information about the material financial reporting impacts of the Act for which the accounting under Topic 740 is incomplete, including:</td></tr></table> a. Qualitative disclosures of the income tax effects of the Act for which the accounting is incomplete; b. Disclosures of items reported as provisional amounts; c. Disclosures of existing current or deferred tax amounts for which the income tax effects of the Act have not been completed; d. The reason why the initial accounting is incomplete; e. The additional information that is needed to be obtained, prepared, or analyzed in order to complete the accounting requirements under Topic 740; f. The nature and amount of any measurement period adjustments recognized during the reporting period; g. The effect of measurement period adjustments on the effective tax rate; and h. When the accounting for the income tax effects of the Act has been completed. ASU 2018-05 is effective upon inclusion in the FASB Codification. The FASB has issued Accounting Standards Update (ASU) No. 2018-17, Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities, that reduces the cost and complexity of financial reporting associated with consolidation of variable interest entities (VIEs). A VIE is an organization in which consolidation is not based on a majority of voting rights. The new guidance supersedes the private company alternative for common control leasing arrangements issued in 2014 and expands it to all qualifying common control arrangements. Under the new standard, a private company could make an accounting policy election to not apply VIE guidance to legal entities under common control (including common control leasing arrangements) when certain criteria are met. This accounting policy election must be applied by a private company to all current and future legal entities under common control that meet the criteria for applying the alternative. A private company will be required to continue to apply other consolidation guidance, specifically the voting interest entity guidance. Additionally, a private company electing the alternative is required to provide detailed disclosures about its involvement with, and exposure to, the legal entity under common control. The ASU also amends the guidance for determining whether a decision-making fee is a variable interest. The amendments require organizations to consider indirect interests held through related parties under common control on a proportional basis rather than as the equivalent of a direct interest in its entirety (as currently required in GAAP). Therefore, these amendments likely will result in more decision makers not consolidating VIEs. For organizations other than private companies, the amendments in this ASU are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The amendments in this ASU are effective for a private company for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. Early adoption is permitted.” We do not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the financial position, statements of operations and cash flows.</div>

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<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><table style="border-collapse:collapse;text-align:justify;font:10pt times new roman;width:100%"> <tr> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> 2019:</td> <td style="vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> Balance</td> <td style="vertical-align:bottom;"></td> <td style="vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> Rate</td> <td style="vertical-align:bottom;"></td> <td style="vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> Tax</td> <td style="vertical-align:bottom;"> </td></tr> <tr style="background-color:#cceeff;"> <td style="vertical-align:top;"> Federal loss carryforward</td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> 673,918</td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="width:9%;vertical-align:bottom;"> 21</td> <td style="width:1%;vertical-align:bottom;"> %</td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> 141,523</td> <td style="width:1%;vertical-align:bottom;"> </td></tr> <tr style="background-color:#ffffff;"> <td style="vertical-align:top;"> Valuation allowance</td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> (141,523</td> <td style="width:1%;vertical-align:bottom;"> )</td></tr> <tr style="background-color:#cceeff;"> <td style="vertical-align:top;"> Deferred tax asset</td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> $</td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;vertical-align:bottom;"></td></tr></table> <table style="border-collapse:collapse;text-align:justify;font:10pt times new roman;width:100%"> <tr> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> 2018:</td> <td style="vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> Balance</td> <td style="vertical-align:bottom;"></td> <td style="vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> Rate</td> <td style="vertical-align:bottom;"></td> <td style="vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> Tax</td> <td style="vertical-align:bottom;"> </td></tr> <tr style="background-color:#cceeff;"> <td style="vertical-align:top;"> Federal loss carryforward</td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> 626,094</td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="width:9%;vertical-align:bottom;"> 21</td> <td style="width:1%;vertical-align:bottom;"> %</td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> 131,480</td> <td style="width:1%;vertical-align:bottom;"> </td></tr> <tr style="background-color:#ffffff;"> <td style="vertical-align:top;"> Valuation allowance</td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> (131,480</td> <td style="width:1%;vertical-align:bottom;"> )</td></tr> <tr style="background-color:#cceeff;"> <td style="vertical-align:top;"> Deferred tax asset</td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:9%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"></td> <td style="width:1%;vertical-align:bottom;"> </td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> $</td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;vertical-align:bottom;"></td></tr></table> </div>

</us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock>

<us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock contextRef="From2019-01-01to2019-12-31">

</us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock>

<ekkh:StateOfIncorporation contextRef="From2019-01-01to2019-12-31"> State of Nevada </ekkh:StateOfIncorporation>

<dei:EntityIncorporationDateOfIncorporation contextRef="From2019-01-01to2019-12-31"> 1999-07-01 </dei:EntityIncorporationDateOfIncorporation>

<us-gaap:CommonStockSharesSubscribedButUnissued contextRef="AsOf2015-02-12_ekkh_VardakisMember" unitRef="Shares" decimals="INF"> 8813225 </us-gaap:CommonStockSharesSubscribedButUnissued>

<ekkh:PercentageOfCommonStockIssuedAndOutstandingShares contextRef="AsOf2015-02-12_ekkh_VardakisMember" unitRef="Pure" decimals="INF"> 0.85 </ekkh:PercentageOfCommonStockIssuedAndOutstandingShares>

<ekkh:FederalLossCarryforward contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> 673918 </ekkh:FederalLossCarryforward>

<ekkh:FederalLossCarryforward contextRef="AsOf2018-12-31" unitRef="USD" decimals="0"> 626094 </ekkh:FederalLossCarryforward>

<us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate contextRef="From2019-01-01to2019-12-31" unitRef="Pure" decimals="INF"> 0.21 </us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate>

<us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate contextRef="From2018-01-01to2018-12-31" unitRef="Pure" decimals="INF"> 0.21 </us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate>

<us-gaap:DeferredTaxAssetsTaxDeferredExpense contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> 141523 </us-gaap:DeferredTaxAssetsTaxDeferredExpense>

<us-gaap:DeferredTaxAssetsTaxDeferredExpense contextRef="AsOf2018-12-31" unitRef="USD" decimals="0"> 131480 </us-gaap:DeferredTaxAssetsTaxDeferredExpense>

<us-gaap:DeferredTaxAssetsValuationAllowance contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> -141523 </us-gaap:DeferredTaxAssetsValuationAllowance>

<us-gaap:DeferredTaxAssetsValuationAllowance contextRef="AsOf2018-12-31" unitRef="USD" decimals="0"> -131480 </us-gaap:DeferredTaxAssetsValuationAllowance>

<us-gaap:DeferredTaxAssetsLiabilitiesNet contextRef="AsOf2019-12-31" unitRef="USD" xsi:nil="true"/>

<us-gaap:DeferredTaxAssetsLiabilitiesNet contextRef="AsOf2018-12-31" unitRef="USD" xsi:nil="true"/>

<us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate contextRef="From2019-01-01to2019-12-31" unitRef="USD" decimals="0"> -10043 </us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate>

<us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate contextRef="From2018-01-01to2018-12-31" unitRef="USD" decimals="0"> -12765 </us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate>

<us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance contextRef="From2019-01-01to2019-12-31" unitRef="USD" decimals="0"> 10043 </us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance>

<us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance contextRef="From2018-01-01to2018-12-31" unitRef="USD" decimals="0"> 12765 </us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance>

<us-gaap:OperatingLossCarryforwards contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> 673918 </us-gaap:OperatingLossCarryforwards>

<us-gaap:OperatingLossCarryforwards contextRef="AsOf2018-12-31" unitRef="USD" decimals="0"> 626094 </us-gaap:OperatingLossCarryforwards>

<us-gaap:StockIssuedDuringPeriodSharesNewIssues contextRef="From2015-10-01to2015-10-31" unitRef="Shares" decimals="INF"> 300500000 </us-gaap:StockIssuedDuringPeriodSharesNewIssues>

<us-gaap:StockIssuedDuringPeriodValueNewIssues contextRef="From2015-10-01to2015-10-31" unitRef="USD" decimals="0"> 300500 </us-gaap:StockIssuedDuringPeriodValueNewIssues>

<us-gaap:AccruedLiabilitiesAndOtherLiabilities contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> 0 </us-gaap:AccruedLiabilitiesAndOtherLiabilities>

<us-gaap:AccruedLiabilitiesAndOtherLiabilities contextRef="AsOf2018-12-31" unitRef="USD" decimals="0"> 0 </us-gaap:AccruedLiabilitiesAndOtherLiabilities>

<us-gaap:AcceleratedShareRepurchasesSettlementPaymentOrReceipt contextRef="AsOf2015-02-12_ekkh_VardakisMember" unitRef="USD" decimals="0"> 4407 </us-gaap:AcceleratedShareRepurchasesSettlementPaymentOrReceipt>

<ekkh:AggregateLiabilities contextRef="AsOf2015-02-12_ekkh_VardakisMember" unitRef="USD" decimals="0"> 236959 </ekkh:AggregateLiabilities>

</xbrli:xbrl>

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Filing Submission 0001477932-20-001633 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

New Momentum Corp. – ‘10-K’ for 12/31/19 – ‘EX-101.INS’

On: Monday, 3/30/20, at 11:56am ET · For: 12/31/19 · Accession #: 1477932-20-1633 · File #: 0-52273

Previous ‘10-K’: ‘10-K’ on 3/27/19 for 12/31/18 · Next: ‘10-K’ on 3/26/21 for 12/31/20 · Latest: ‘10-K’ on 4/17/24 for 12/31/23

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

‘EX-101.INS’ — XBRL Instance — ekkh-20191231

This Exhibit is an XBRL XML File.

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