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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/07/21 Huaizhong Health Group, Inc. 10-Q 1/31/21 25:813K Pubco Reporting … Inc/FA |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 173K 2: EX-31.1 Certification -- §302 - SOA'02 HTML 14K 3: EX-32.1 Certification -- §906 - SOA'02 HTML 10K 10: R1 Cover HTML 61K 11: R2 Balance Sheets HTML 44K 12: R3 Balance Sheets (Parenthetical) HTML 18K 13: R4 Statements of Operations (Unaudited) HTML 42K 14: R5 Statements of Changes in Stockholders Deficit HTML 20K (Unaudited) 15: R6 Statements of Cash Flows (Unaudited) HTML 33K 16: R7 Summary of Significant Accounting Policies HTML 16K 17: R8 Going Concern HTML 14K 18: R9 Related Party Transactions HTML 13K 19: R10 Summary of Significant Accounting Policies HTML 20K (Policies) 20: R11 Going Concern (Details Narrative) HTML 12K 21: R12 Related Party Transactions (Details Narrative) HTML 12K 23: XML IDEA XML File -- Filing Summary XML 34K 9: XML XBRL Instance -- huaizhong_10q_htm XML 113K 22: EXCEL IDEA Workbook of Financial Reports XLSX 18K 6: EX-101.CAL XBRL Calculations -- abcd-20210131_cal XML 45K 8: EX-101.DEF XBRL Definitions -- abcd-20210131_def XML 40K 5: EX-101.LAB XBRL Labels -- abcd-20210131_lab XML 188K 7: EX-101.PRE XBRL Presentations -- abcd-20210131_pre XML 132K 4: EX-101.SCH XBRL Schema -- abcd-20210131 XSD 36K 24: JSON XBRL Instance as JSON Data -- MetaLinks 63± 86K 25: ZIP XBRL Zipped Folder -- 0001640334-21-000798-xbrl Zip 38K
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<us-gaap:SignificantAccountingPoliciesTextBlock contextRef="From2020-11-01to2021-01-31" id="fid_128"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Basis of Presentation of Unaudited Interim Financial Statements</em></strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The accompanying unaudited interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the unaudited interim financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the unaudited interim financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year. The accompanying unaudited interim financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K, for the year ended October 31, 2020, as filed with the SEC on March 22, 2021.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Use of Estimates </em></strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted 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. The estimates and judgments will also affect the reported amounts for certain expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">A novel strain of coronavirus (COVID-19) was first identified in December 2019, and subsequently declared a global pandemic by the World Health Organization on March 11, 2020. As a result of the outbreak, many companies have experienced disruptions in their operations and in markets served. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no material adverse impacts on the Company’s results of operations and financial position at January 31, 2021. The full extent of the future impacts of COVID-19 on the Company’s operations is uncertain. A prolonged outbreak could have a material adverse impact on financial results and business operations of the Company, including the timing and ability of the Company to develop its business plan.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Reclassification</em></strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Certain accounts from prior periods have been reclassified to conform to the current period presentation.</p> </us-gaap:SignificantAccountingPoliciesTextBlock> | |||||||||||||||||||||
<us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock contextRef="From2020-11-01to2021-01-31" id="fid_131"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The accompanying unaudited interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the unaudited interim financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the unaudited interim financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year. The accompanying unaudited interim financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K, for the year ended October 31, 2020, as filed with the SEC on March 22, 2021.</p> </us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock> | |||||||||||||||||||||
<us-gaap:UseOfEstimates contextRef="From2020-11-01to2021-01-31" id="fid_132"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted 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. The estimates and judgments will also affect the reported amounts for certain expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">A novel strain of coronavirus (COVID-19) was first identified in December 2019, and subsequently declared a global pandemic by the World Health Organization on March 11, 2020. As a result of the outbreak, many companies have experienced disruptions in their operations and in markets served. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no material adverse impacts on the Company’s results of operations and financial position at January 31, 2021. The full extent of the future impacts of COVID-19 on the Company’s operations is uncertain. A prolonged outbreak could have a material adverse impact on financial results and business operations of the Company, including the timing and ability of the Company to develop its business plan.</p> </us-gaap:UseOfEstimates> | |||||||||||||||||||||
<abcd:Reclassification contextRef="From2020-11-01to2021-01-31" id="fid_133"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Certain accounts from prior periods have been reclassified to conform to the current period presentation.</p> </abcd:Reclassification> | |||||||||||||||||||||
<us-gaap:SubstantialDoubtAboutGoingConcernTextBlock contextRef="From2020-11-01to2021-01-31" id="fid_129"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 2 - </strong><strong>GOING CONCERN</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As of January 31, 2021, the Company has suffered recurring losses from operations, has an accumulated deficit of $319,862 and has not earned any revenues. The Company intends to fund operations through equity financing arrangements and related party advances, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending October 31, 2022.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The ability of the Company to emerge from an early stage is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan. In response to these problems, management intends to raise additional funds through public or private placement offerings.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty</p> </us-gaap:SubstantialDoubtAboutGoingConcernTextBlock> | |||||||||||||||||||||
<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="AsOf2021-01-31" decimals="0" id="fid_116" unitRef="USD"> -319862 </us-gaap:RetainedEarningsAccumulatedDeficit> | |||||||||||||||||||||
<us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="From2020-11-01to2021-01-31" id="fid_130"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 3 - RELATED PARTY TRANSACTIONS</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During the three months ended January 31, 2021, the Company’s sole officer advanced to the Company an amount of $12,188 by paying for expenses on behalf of the Company. As of January 31, 2021, and October 31, 2020, the Company was obligated to the officer, for an unsecured, non-interest-bearing demand loan with a balance of $20,747 and $8,559, respectively.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>Other</em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company does not own or lease property or lease office space. The office space used by the Company was arranged by the founder, who is also the CEO and President, of the Company to use at no charge.</p> </us-gaap:RelatedPartyTransactionsDisclosureTextBlock> | |||||||||||||||||||||
<abcd:ExpensesPaidOnTheBehalfOfCompany contextRef="From2020-11-01to2021-01-31_abcd_SoleOfficerMember" decimals="0" id="fid_125" unitRef="USD"> 12188 </abcd:ExpensesPaidOnTheBehalfOfCompany> | |||||||||||||||||||||
<abcd:NonInterestBearingDemandLoan contextRef="From2020-11-01to2021-01-31_abcd_SoleOfficerMember" decimals="0" id="fid_126" unitRef="USD"> 20747 </abcd:NonInterestBearingDemandLoan> | |||||||||||||||||||||
<abcd:NonInterestBearingDemandLoan contextRef="From2019-11-01to2020-10-31_abcd_SoleOfficerMember" decimals="0" id="fid_127" unitRef="USD"> 8559 </abcd:NonInterestBearingDemandLoan> | |||||||||||||||||||||
</xbrl> |