0001693687 2022-01-01 2022-03-31 0001693687 2022-03-31 0001693687 2021-12-31 0001693687 2021-01-01 2021-03-31 0001693687 us-gaap:CommonStockMember 2021-12-31 0001693687 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001693687 us-gaap:RetainedEarningsMember 2021-12-31 0001693687 us-gaap:CommonStockMember 2020-12-31 0001693687 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001693687 us-gaap:RetainedEarningsMember 2020-12-31 0001693687 2020-12-31 0001693687 us-gaap:CommonStockMember 2022-01-01 2022-03-31 0001693687 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-03-31 0001693687 us-gaap:RetainedEarningsMember 2022-01-01 2022-03-31 0001693687 us-gaap:CommonStockMember 2021-01-01 2021-03-31 0001693687 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-03-31 0001693687 us-gaap:RetainedEarningsMember 2021-01-01 2021-03-31 0001693687 us-gaap:CommonStockMember 2022-03-31 0001693687 us-gaap:AdditionalPaidInCapitalMember 2022-03-31 0001693687 us-gaap:RetainedEarningsMember 2022-03-31 0001693687 us-gaap:CommonStockMember 2021-03-31 0001693687 us-gaap:AdditionalPaidInCapitalMember 2021-03-31 0001693687 us-gaap:RetainedEarningsMember 2021-03-31 0001693687 2021-03-31 0001693687 2016-12-07 2022-03-31 0001693687 MYSN:StockPurchaseAgreementMember 2021-03-10 0001693687 MYSN:WangXiChenMember MYSN:PromissoryNoteMember 2022-03-31 0001693687 MYSN:WangXiChenMember MYSN:PromissoryNoteMember 2021-10-01 0001693687 MYSN:WangXiChenMember MYSN:PromissoryNoteMember 2021-10-01 2021-10-01 0001693687 MYSN:WangXiChenMember MYSN:OnePromissoryNoteMember 2022-01-01 2022-01-02 0001693687 MYSN:WangXiChenMember MYSN:TwoPromissoryNoteMember 2022-01-01 2022-01-02 0001693687 MYSN:WangXiChenMember MYSN:OnePromissoryNoteMember 2022-01-02 0001693687 MYSN:WangXiChenMember MYSN:TwoPromissoryNoteMember 2022-01-02 0001693687 MYSN:WangXiChenMember MYSN:PromissoryNoteMember 2022-01-01 2022-03-31 0001693687 MYSN:ChunxiaJiangMember 2018-04-07 0001693687 MYSN:ChunxiaJiangMember MYSN:PearlDigitalInternationalLimitedMember 2021-03-09 2021-03-10 iso4217:USD shares iso4217:USD shares pure 0001693687 false Q1 2022 --12-31 false

10-Q true 2022-03-31 000-55738 MS YOUNG ADVENTURE ENTERPRISE, INC. DE 81-4679061 9169 W State St #3147 Garden City ID 83714 208 639 9860 Common Stock, par value $0.0001 MSYN Yes Yes Non-accelerated Filer true false false 6731667

5595

276

43750

29406

49621

35062

0.0001

20000000

0.0001

100000000

6731667

673

340897

-391191

-376632

-49621

-35062

14344

-14344

215

66173

-28000

-215

-38173

-14559

-38173

-14559

-38173

-0.00

-0.01

6731667

673

340897

-376632

-35062

-14559

6731667

673

340897

-391191

-49621

6731667

673

238446

-308992

-69873

101156 101156

-38173

6731667

673

339602

-347165

-6890

-14559

-38173

28000 14344

66173

215

11899

-11899

11899

<p id="xdx_808_eus-gaap--OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock_zNxlWRoK7nR8" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">NOTE 1 - NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NATURE OF OPERATIONS MS Young Adventure Enterprise, Inc. (formerly “AllyMe Holding Inc,” and formerly “Rain Sound Acquisition Corporation”) (the “Company” or “MS Young”) was incorporated on December 7, 2016 under the laws of the state of Delaware. The Company engages in consulting services. On November 13, 2017, the Company changed the Company’s name to AllyMe Holding Inc. On August 6, 2019, the Company changed the Company’s name to MS Young Adventure Enterprise, Inc. The Company was a marketing and management consulting company that provides advisory services to companies located in Asia for the purpose of facilitating the competitiveness of those companies in the international market. The Company offers a wide assortment of advisory services, ranging from business planning consulting services, mergers and acquisitions advising, and marketing services. As of the date of this report, the Company has signed few clients. The outbreak of COVID19 coronavirus in China and Asia starting from the beginning of 2020 has resulted delay for our business. The Company followed the restrictive measures implemented in China, by suspending contacting clients or contacting clients remotely during February and March 2020. The Company gradually resumed contacting clients in person starting in April 2020. The recent developments of COVID 19 are expected to result in lower revenue and net income in 2020. Other financial impact could occur though such potential impact is unknown at this time. On March 10, 2021 new management acquired control and has begun to implement a new business model. On November 2, 2021, MS Young reported that it has entered the encryption industry with the beta launch of Forceshield Mail, a fully-featured secure e-mail service. ForceShield Mail (www.forceshieldmail.com) employs modern end-to-end encryption methods to ensure the privacy of users’ electronic communications, with an emphasis on accessibility and ease of use. The Company hopes to fill the growing demand for services that address the increasing need for Digital Privacy by developing and providing a suite of robust, easy-to-use solutions that will safeguard consumers’ private information. On November 22, 2021, MS Young also announced the beta launch of ForceShield VPN, a state-of-the-art encrypted VPN service that seeks to achieve synergy with the Company’s prior product, ForceShield Mail, to provide users with robust protection against privacy intrusions and other cyber-related crimes. BASIS OF PRESENTATION The summary of significant accounting policies presented below is designed to assist in understanding the Company’s financial statements. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) in all material respects and have been consistently applied in preparing the accompanying unaudited financial statements. Certain information and footnote disclosures normally present in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) were omitted pursuant to such rules and regulations. The results for the three months ended March 31, 2022, are not indicative of the results to be expected for the year ending December 31, 2022. USE OF ESTIMATES The preparation of unaudited financial statements in conformity with GAAP 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. Actual results could differ from those estimates. CASH Cash includes petty cash on hand and cash on deposit at banking institutions, which are liquid and are unrestricted as to withdrawal or use. <p id="xdx_84D_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zrxD3NZVX2sg" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">RECENT ACCOUNTING PRONOUNCEMENTS Recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the United States Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements. <p id="xdx_84B_eus-gaap--RevenueFromContractWithCustomerPolicyTextBlock_zwwo2j0S6WOj" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">REVENUE RECOGNITION The Company adopted Accounting Standards Codification (“ASC”) 606. ASC 606, Revenue from Contracts with Customers, establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires an entity to recognize revenue to depict the transfer of services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those services recognized as performance obligations are satisfied. The Company has assessed the impact of the guidance by performing the following five steps analysis: Step 1: Identify the contract Step 2: Identify the performance obligations Step 3: Determine the transaction price Step 4: Allocate the transaction price Step 5: Recognize revenue For the three months ended March 31, 2022 and 2021, the Company did not generate revenue. INCOME TAXES Under ASC 740, “Income Taxes,” deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized. As of March 31, 2022 and 2021, there were no deferred taxes due to the uncertainty of the realization of net operating loss or carry forward prior to expiration. LOSS PER COMMON SHARE Basic loss per common share excludes dilution and is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted loss per common share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the entity. As of March 31, 2022 and 2021, there are no outstanding dilutive securities. FAIR VALUE OF FINANCIAL INSTRUMENTS The Company follows ASC 825-10 guidance for accounting for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. Additionally, the Company adopted ASC 825-10 guidance for fair value measurement related to nonfinancial items that are recognized and disclosed at fair value in the financial statements on a nonrecurring basis. ASC 825-10 requires certain disclosures regarding the fair value of financial instruments. The ASC 825-10 guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. The carrying amounts of financial assets such as cash, other receivable, accounts payable and accrued liabilities approximate their fair values because of the short maturity of these instruments.

NATURE OF OPERATIONS MS Young Adventure Enterprise, Inc. (formerly “AllyMe Holding Inc,” and formerly “Rain Sound Acquisition Corporation”) (the “Company” or “MS Young”) was incorporated on December 7, 2016 under the laws of the state of Delaware. The Company engages in consulting services. On November 13, 2017, the Company changed the Company’s name to AllyMe Holding Inc. On August 6, 2019, the Company changed the Company’s name to MS Young Adventure Enterprise, Inc. The Company was a marketing and management consulting company that provides advisory services to companies located in Asia for the purpose of facilitating the competitiveness of those companies in the international market. The Company offers a wide assortment of advisory services, ranging from business planning consulting services, mergers and acquisitions advising, and marketing services. As of the date of this report, the Company has signed few clients. The outbreak of COVID19 coronavirus in China and Asia starting from the beginning of 2020 has resulted delay for our business. The Company followed the restrictive measures implemented in China, by suspending contacting clients or contacting clients remotely during February and March 2020. The Company gradually resumed contacting clients in person starting in April 2020. The recent developments of COVID 19 are expected to result in lower revenue and net income in 2020. Other financial impact could occur though such potential impact is unknown at this time. On March 10, 2021 new management acquired control and has begun to implement a new business model. On November 2, 2021, MS Young reported that it has entered the encryption industry with the beta launch of Forceshield Mail, a fully-featured secure e-mail service. ForceShield Mail (www.forceshieldmail.com) employs modern end-to-end encryption methods to ensure the privacy of users’ electronic communications, with an emphasis on accessibility and ease of use. The Company hopes to fill the growing demand for services that address the increasing need for Digital Privacy by developing and providing a suite of robust, easy-to-use solutions that will safeguard consumers’ private information. On November 22, 2021, MS Young also announced the beta launch of ForceShield VPN, a state-of-the-art encrypted VPN service that seeks to achieve synergy with the Company’s prior product, ForceShield Mail, to provide users with robust protection against privacy intrusions and other cyber-related crimes.

BASIS OF PRESENTATION The summary of significant accounting policies presented below is designed to assist in understanding the Company’s financial statements. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) in all material respects and have been consistently applied in preparing the accompanying unaudited financial statements. Certain information and footnote disclosures normally present in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) were omitted pursuant to such rules and regulations. The results for the three months ended March 31, 2022, are not indicative of the results to be expected for the year ending December 31, 2022.

USE OF ESTIMATES The preparation of unaudited financial statements in conformity with GAAP 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. Actual results could differ from those estimates.

CASH Cash includes petty cash on hand and cash on deposit at banking institutions, which are liquid and are unrestricted as to withdrawal or use.

<p id="xdx_84D_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zrxD3NZVX2sg" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">RECENT ACCOUNTING PRONOUNCEMENTS Recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the United States Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

<p id="xdx_84B_eus-gaap--RevenueFromContractWithCustomerPolicyTextBlock_zwwo2j0S6WOj" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">REVENUE RECOGNITION The Company adopted Accounting Standards Codification (“ASC”) 606. ASC 606, Revenue from Contracts with Customers, establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires an entity to recognize revenue to depict the transfer of services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those services recognized as performance obligations are satisfied. The Company has assessed the impact of the guidance by performing the following five steps analysis: Step 1: Identify the contract Step 2: Identify the performance obligations Step 3: Determine the transaction price Step 4: Allocate the transaction price Step 5: Recognize revenue For the three months ended March 31, 2022 and 2021, the Company did not generate revenue.

INCOME TAXES Under ASC 740, “Income Taxes,” deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized. As of March 31, 2022 and 2021, there were no deferred taxes due to the uncertainty of the realization of net operating loss or carry forward prior to expiration.

LOSS PER COMMON SHARE Basic loss per common share excludes dilution and is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted loss per common share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the entity. As of March 31, 2022 and 2021, there are no outstanding dilutive securities.

FAIR VALUE OF FINANCIAL INSTRUMENTS The Company follows ASC 825-10 guidance for accounting for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. Additionally, the Company adopted ASC 825-10 guidance for fair value measurement related to nonfinancial items that are recognized and disclosed at fair value in the financial statements on a nonrecurring basis. ASC 825-10 requires certain disclosures regarding the fair value of financial instruments. The ASC 825-10 guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. The carrying amounts of financial assets such as cash, other receivable, accounts payable and accrued liabilities approximate their fair values because of the short maturity of these instruments.

<p id="xdx_808_eus-gaap--SubstantialDoubtAboutGoingConcernTextBlock_zIMf8hiZ6Pr7" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">NOTE 2 - GOING CONCERN The Company has generated minimal revenue since inception to date and has sustained operating losses of $391,191 through the period ended March 31, 2022. As a result of the management and control changes, the Stock Purchase Agreement, signed on March 10, 2021 the Company the Company impaired all of its existing assets. That agreement also required the repayment of all existing liabilities, some of which activity is yet to be verified. These activities raise additional doubt about the Company’s ability to continue as a going concern. The Company’s continuation as a going concern is dependent on its ability to generate sufficient cash flows from operations to meet its obligations and/or obtaining additional financing from its members or other sources, as may be required. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern; however, the above condition raises substantial doubt about the Company’s ability to do so. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern. In order to maintain its current level of operations, the Company will require additional working capital from either cash flow from operations or from the sale of its equity. However, the Company currently has no commitments from any third parties for the purchase of its equity. If the Company is unable to acquire additional working capital, it will be required to significantly reduce its current level of operations.

-391191

<p id="xdx_801_eus-gaap--AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock_z54CYxswdaFl" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">NOTE 3 - ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Accounts payable consists mainly of accrued professional fees. Amounts totaling $5,595 which were to be written off in accordance with the Stock Purchase Agreement of March 10, 2021 remain at March 31 2022 as their write off has not yet been verified. Accrued interest consists solely of the interest incurred on the promissory notes bearing an interest of <span id="xdx_90A_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPercentage_c20220331__srt--TitleOfIndividualAxis__custom--WangXiChenMember__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember_z0YkMVo76oPl" title="Debt interest rate">3% per annum and issued to Wang Xi Chen for amounts paid on behalf of the Company. As of March 31, 2022 and December 31, 2021, the balance of accrued interest amounts $276 and $61, respectively.

5595

0.03

276

NOTE 4 – PROMISSORY NOTES PAYABLE Promissory notes payable mainly consists of expenses paid directly to the vendors by a non-related party. On October 1, 2021, the Company entered into a promissory note with Wang Xi Chen, a non-related party for the amount he paid on behalf of the company during the year of 2021 for the amount of $<span id="xdx_901_eus-gaap--OtherNotesPayableCurrent_iI_c20211001__srt--TitleOfIndividualAxis__custom--WangXiChenMember__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember_zlYwdzIATedc" title="Repayments of notes payable">8,085. The note bears an interest of <span id="xdx_909_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPercentage_c20211001__srt--TitleOfIndividualAxis__custom--WangXiChenMember__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember_z0EcUMQ5V2a3" title="Debt interest rate">3% per annum and mature on <span id="xdx_902_eus-gaap--DebtInstrumentMaturityDate_c20211001__20211001__srt--TitleOfIndividualAxis__custom--WangXiChenMember__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember_zdS9zDt9sjE2" title="Maturity date">December 31, 2023. On January 1, 2022, the Company entered into two promissory notes with Wang Xi Chen for an amount of $<span id="xdx_902_eus-gaap--RepaymentsOfNotesPayable_pp0p0_c20220101__20220102__srt--TitleOfIndividualAxis__custom--WangXiChenMember__us-gaap--DebtInstrumentAxis__custom--OnePromissoryNoteMember_ziDyhIUcy9q" title="Repayment of notes payable">17,691 and $<span id="xdx_90B_eus-gaap--RepaymentsOfNotesPayable_pp0p0_c20220101__20220102__srt--TitleOfIndividualAxis__custom--WangXiChenMember__us-gaap--DebtInstrumentAxis__custom--TwoPromissoryNoteMember_zIKdztikelLc" title="Repayment of notes payable">3,630 that he paid on behalf of the Company during the year of 2021. Both note bear an interest of <span id="xdx_903_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPercentage_c20220102__srt--TitleOfIndividualAxis__custom--WangXiChenMember__us-gaap--DebtInstrumentAxis__custom--OnePromissoryNoteMember_z5qb6beMrpqj" title="Debt interest rate"><span id="xdx_901_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPercentage_c20220102__srt--TitleOfIndividualAxis__custom--WangXiChenMember__us-gaap--DebtInstrumentAxis__custom--TwoPromissoryNoteMember_zQIRuxA226T8">3% per annum and mature on <span id="xdx_903_eus-gaap--DebtInstrumentMaturityDate_c20220101__20220102__srt--TitleOfIndividualAxis__custom--WangXiChenMember__us-gaap--DebtInstrumentAxis__custom--OnePromissoryNoteMember_zWeniv18Ao64" title="Maturity date">December 31, 2023. On March 31, 2022, the Company entered into a promissory note with Wang Xi Chen for an amount of $14,344 that he paid on behalf of the Company during the three months ended March 31, 2022. The note bears an interest of <span id="xdx_90B_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPercentage_c20220331__srt--TitleOfIndividualAxis__custom--WangXiChenMember__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember_zmGIr9SVjil8" title="Debt interest rate">3% per annum and mature on <span id="xdx_901_eus-gaap--DebtInstrumentMaturityDate_c20220101__20220331__srt--TitleOfIndividualAxis__custom--WangXiChenMember__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember_z2JLAdgNWp92" title="Maturity date">December 31, 2023. As of March 31, 2022 and December 31, 2021, the balance of promissory notes payable amounts $43,750 and $29,406, respectively.

8085

0.03

2023-12-31

17691

3630

0.03

2023-12-31

14344

0.03

2023-12-31

43750 29406

NOTE 5 - STOCKHOLDERS’ EQUITY (DEFICIT) The Company is authorized to issue 100,000,000 shares of common stock and 20,000,000 shares of preferred stock. There is no preferred stock issued and outstanding as of March 31, 2022 and December 31, 2021. On April 7, 2018, prior CEO Zilin Wang transferred all of his 6,000,000 shares of Common Stock of the Company to Chunxia Jiang in a private transaction. The shares represented 92.3% of the issued and outstanding shares of the Company on April 7, 2018 and thereby constituted a change of control of the Company. Simultaneously, Zilin Wang resigned all of his positions with the Company which were immediately assumed by Chunxia Jiang. On March 10, 2021 Chunxia Jiang, in a private transaction sold <span id="xdx_909_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20210309__20210310__dei--LegalEntityAxis__custom--PearlDigitalInternationalLimitedMember__srt--TitleOfIndividualAxis__custom--ChunxiaJiangMember_zoza19JVWyb" title="Number of common shares sold">6,010,000 common shares to, Pearl Digital International Limited, constituting a change in control.

100000000

20000000

6000000

0.923

6010000

NOTE 6 - SUBSEQUENT EVENT No events have occurred subsequent to the balance sheet date and through the date of this filing that would require adjustment to or disclosure in the financial statements.