10-Q

U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

Mark One

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended July 31, 2020

[   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to _______

COMMISSION FILE NO. 333-223568

TIBURON INTERNATIONAL TRADING CORP.

 (Exact name of registrant as specified in its charter)

Nevada

(State or other jurisdiction of incorporation)

5085

(Primary Standard Industrial Classification Code Number)

98-1350973

(IRS Employer Identification No.)

Xinkaicun, group 5, Weizigouzhen, Jiutai

Changchun, Jilin province, China 130519

Tel: +852 8170 3801

(Exact name of registrant as specified in its charter)

(Address and telephone number of principal executive offices)

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes [X]   No [  ]

Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer [  ]

Accelerated filer [   ]

Non-accelerated filer [X]

Smaller reporting company [X]

Emerging growth company [X]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided to Section 7(a)(2)(B) of the Securities Act: [  ]

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ] No [X]

Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years. N/A

Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court.  Yes [   ] No [   ]

Applicable Only to Corporate Registrants

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the most practicable date:

Class	Outstanding as of August 26, 2020
Common Stock, $0.001	3,478,334

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	TIBURON INTERNATIONAL TRADING CORP.
Part I	Financial Information
Item 1	Financial Statements (Unaudited)	3
Item 2	Management’s Discussion And Analysis Of Financial Condition And Results Of Operations	10
Item 3	Quantitative And Qualitative Disclosures About Market Risk	12
Item 4	Controls And Procedures	12
PART II	OTHER INFORMATION
Item 1	Legal Proceedings	13
Item 2	Unregistered Sales Of Equity Securities And Use Of Proceeds	13
Item 3	Defaults Upon Senior Securities	13
Item 4	Mine Safety Disclosures	13
Item 5	Other Information	13
Item 6	Exhibits	14
	Signatures	14

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PART I. FINANCIAL INFORMATION

TIBURON INTERNATIONAL TRADING CORP. BALANCE SHEETS
		JULY 31, 2020 UNAUDITED	JANUARY 31, 2020 AUDITED
ASSETS
Current Assets
	Cash	$              89	$        46
	Total current assets	89	46
Property and equipment, net		350	550
Total Assets		$               439	$        596
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current  Liabilities
	Loan from related parties	$      18,413	$     12,763
	Total current liabilities	18,413	12,763
Total Liabilities		18,413	12,763
Commitments & Contingencies		0	0
Stockholders’ Equity
	Common stock, $0.001 par value, 75,000,000 shares authorized;
	3,478,334  shares issued and outstanding	3,478	3,478
	Additional Paid-In-Capital	26,372	26,372
	Accumulated deficit	(47,824)	(42,017)
Total Stockholders’ Equity (Deficit)		(17,975)	(12,167)
Total Liabilities and Stockholders’ Equity		$        439	$        596

The accompanying notes are an integral part of these financial statements.

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TIBURON INTERNATIONAL TRADING CORP. STATEMENTS OF OPERATIONS UNAUDITED
	Three months ended July 31, 2020	Six months ended July 31, 2020	Three months ended July 31, 2019	Six months ended July 31, 2019
Revenue	$               -	$               -	$       4,500	$       4,500
Cost of goods sold	-	-	2,700	2,700
Operating expenses:
General and administrative expenses	$       2,160	$       5,807	$       2,957	$       7,225
Net income (loss) from operations	(2,160)	(5,807)	(1,157)	(5,425)
Income (Loss) before provision for income taxes	(2,160)	(5,807)	(1,157)	(5,425)
Provision for income taxes	-	-	-	-
Net income (loss)	$      (2,160)	$      (5,807)	$    (1,157)	$    (5,425)
Income (loss) per common share:  Basic and Diluted	$        (0.00)	$        (0.00)	$    (0.00)	$    (0.00)
Weighted Average Number of Common Shares  Outstanding: Basic and Diluted	3,478,334	3,478,334	3,478,334	3,478,334

The accompanying notes are an integral part of these financial statements.

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TIBURON INTERNATIONAL TRADING CORP. UNAUDITED STATEMENT OF STOCKHOLDERS’ EQUITY FOR THE SIX MONTHS ENDED JULY 31, 2019 AND JULY 31, 2020
	Number of Common Shares	Amount	Additional Paid-In-Capital	Deficit accumulated	Total
Balances as of January 31, 2019	3,478,334	$  3,478	$     26,372	$   (18,232)	$ 11,618
Net loss for the three months ended April 30, 2019	-	-	-	(4,268)	(4,268)
Balances as of April 30, 2019	3,478,334	$  3,478	$     26,372	(22,500)	7,350
Net loss for the three months ended July 31, 2019	-	-	-	(1,157)	(1,157)
Balances as of July 31, 2019	3,478,334	$ 3,478	$   26,372	$  (23,657)	$    6,193
Balances as of January 31, 2020	3,478,334	$  3,478	$   26,372	$   (42,017)	$   (12,167)
Net loss for the three months ended April 30, 2020	-	-	-	(3,647)	(3,647)
Balances as of April 30, 2020	3,478,334	$  3,478	$   26,372	$    (45,664)	(15,814)
Net loss for the three months ended July 31, 2020	-	-	-	(2,160)	(2,160)
Balances as of July 31, 2020	3,478,334	$  3,478	$   26,372	$   (47,824)	$  (17,975)

The accompanying notes are an integral part of these financial statements.

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TIBURON INTERNATIONAL TRADING CORP. STATEMENTS OF CASH FLOWS UNAUDITED
		Six months ended July 31, 2020	Six months ended July 31, 2019
Cash flows from Operating Activities
	Net loss	$         (5,807)	$          (5,425)
	Depreciation	200	200
	Increase (Decrease) in Accounts payable	-	(2,750)
Net cash used in operating activities		(5,607)	(7,975)
Cash flows from Investing Activities		$                   0	$                   0
Net cash used in Investing activities		0	0
Cash flows from Financing Activities
	Proceeds of loan from shareholder	5,650	-
Net cash provided by financing activities		5,650	-
Net increase (decrease) in cash and equivalents		43	(7,975)
Cash and equivalents at beginning of the period		46	23,281
Cash and equivalents at end of the period		$          89	$              15,306
	Supplemental cash flow information:
	Cash paid for:
	Interest	$               -	$                -
	Taxes	$               -	$                -

The accompanying notes are an integral part of these financial statements.

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TIBURON INTERNATIONAL TRADING CORP.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JULY 31, 2020 AND JULY 31, 2019

(UNAUDITED)

NOTE 1 – ORGANIZATION AND BUSINESS

TIBURON INTERNATIONAL TRADING CORP. (the “Company”) is a corporation established under the corporation laws in the State of Nevada on February 17, 2017.  We are a development stage company and intend to commence operations in the distribution of air infiltration valves from China to the markets of Europe and Commonwealth of Independent States (CIS) countries.

The Company has adopted January 31 fiscal year end.

NOTE 2 – GOING CONCERN

The Company’s financial statements as of July 31, 2020 been prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company has accumulated losses from inception (February 17, 2017) to July 31, 2020 of $47,824. These factors among others raise substantial doubt about the ability of the company to continue as a going concern for a reasonable period of time.  

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company’s unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). 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 and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. The accompanying unaudited financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the period shown and are not necessarily indicative of the results to be expected for the full year ending  January 31, 2021. These unaudited  financial statements should be read in conjunction with the audited financial statements and related notes for the year ended January 31, 2020.

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Property and Equipment Depreciation Policy

Property and equipment are stated at cost and depreciated on the straight-line method over the estimated life of the asset. Depreciation expense for the six month periods ended July 31, 2020 and July 31, 2019 was $200.

New Accounting Pronouncements

The Company has evaluated upcoming pronouncements and noted no others with a material effect on financial information.

Revenue Recognition

We adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”, and all related interpretations for recognition of our revenue. Previously we recorded revenue based on ASC Topic 605. Adoption of new accounting standard did not have any material impact on our reported revenue.

Basic and Diluted Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of July 31, 2020, there were no potentially dilutive debt or equity instruments issued or outstanding.  

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At July 31, 2020 the Company's bank deposits did not exceed the insured amounts.

Stock-Based Compensation

As of July 31, 2020, the Company has not issued any stock-based payments to its employees.

Stock-based compensation is accounted for at fair value in accordance with ASC 718, when applicable.  To date, the Company has not adopted a stock option plan and has not granted any stock options.

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Use of Estimates

Preparing 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, liabilities, revenue, and expenses. Actual results and outcomes may differ from management’s estimates and assumptions.

Income Taxes

The Company follows the liability method of accounting for income taxes.  Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences).  The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Risks and Uncertainties

In December 2019, a novel strain of coronavirus surfaced in China, which has and is continuing to spread throughout the world, including the United States. On January 30, 2020, the World Health Organization declared the outbreak of the coronavirus disease (COVID-19) a “Public Health Emergency of International Concern,” and on March 11, 2020, the World Health Organization characterized the outbreak as a “pandemic”. The governors of New York, California and several other states, as well as mayors on many cities, have ordered their residents to cease traveling to non-essential jobs and to curtail all unnecessary travel, and to stay in their homes as much as possible in the coming weeks, as the nation confronts the escalating coronavirus outbreak, and similar restrictions have been recommended by the federal authorities and authorities in many other states and cities.  The Company is not able to predict the ultimate impact that COVID -19 will have on its business; however, if the current economic conditions continue, the Company will be forced to significantly scale back its business operations and its growth plans, and could ultimately have a significant negative impact on the Company.

NOTE 4 – CAPITAL STOCK

The Company has 75,000,000 shares of common stock authorized with a par value of $0.001 per share.

As of July 31, 2020, the Company had 3,478,334 shares issued and outstanding.

NOTE 5 – RELATED PARTY TRANSACTIONS

 In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.  

Since February 17, 2017 (Inception) through July 31, 2020, the Company’s sole officer and director loaned the Company $18,413 to pay for incorporation costs and operating expenses, $16,760 of this loan were cash  deposits to the Company’s bank account. As of July 31, 2020, the amount outstanding was $18,413. The loan is non-interest bearing, due upon demand and unsecured.

NOTE 6 - SUBSEQUENT EVENTS

The Company has evaluated subsequent events from July 31, 2020 to August 26, 2020 the date the financial statements were issued and has determined that there are no items to disclose.

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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

FORWARD LOOKING STATEMENTS

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

DESCRIPTION OF OUR BUSINESS

Tiburon International Trading Corp. was incorporated in the State of Nevada on February 17, 2017 and established a fiscal year end of January 31. We have limited revenues, have minimal assets and have incurred losses since inception. Our business office is located at Xinkaicun, group 5, Weizigouzhen, Jiutai, Changchun, Jilin province, China 130519. Our telephone number is +852 8170 3801.

We market and distribute air infiltration valves from China to the markets of Europe and Commonwealth of Independent States (CIS) countries to wholesale and retail customers. We fill placed orders and  supply the products within a period of thirty days (30) days or less following receipt of any written order. We do not offer any credit terms relating to order payments. Our customers are asked to pay us 100% in advance. Customers are responsible to cover the shipping costs. Customers are responsible for the custom duties, taxes, insurance or any other additional charges that might incur. We intend to develop a website, so the retail customers can place orders through our website.

RESULTS OF OPERATION

As of July 31, 2020, we had deficit of $47,824. Our financial statements have been prepared assuming that we will continue as a going concern.  We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Three Month Period Ended July 31, 2020 compared to the Three Month Period Ended July 31, 2019

Revenue

During the three month period ended July 31, 2020, the Company did not generate any revenue compared to $4,500 during three month period ended July 31, 2019. The cost of revenue was $2,700.

Operating Expenses

During the three month period ended July 31, 2020, we incurred total expenses and professional fees of $2,160 compared to $2,957 for the three month period ended July 31, 2019. General and administrative and professional fee expenses incurred generally related to corporate overhead, financial and administrative contracted services, such as legal and accounting, developmental costs, and marketing expenses.

Net Loss

Our net loss for the three month period ended July 31, 2020 was $2,160 compared to $1,157 for the three month period ended July 31, 2019.

Six Month Period Ended July 31, 2020 compared to the Six Month Period Ended July 31, 2019

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Revenue

During the six month period ended July 31, 2020, the Company did not generate any revenue compared to $4,500 during six month period ended July 31, 2019. The cost of revenue was $2,700.

Operating Expenses

During the six month period ended July 31, 2020, we incurred total expenses and professional fees of $5,807 compared to $7,225 for the six month period ended July 31, 2019. General and administrative and professional fee expenses incurred generally related to corporate overhead, financial and administrative contracted services, such as legal and accounting, developmental costs, and marketing expenses.

Net Loss

Our net loss for the six month period ended July 31, 2020 was $5,807 compared to $5,425 for the six month period ended July 31, 2019.

LIQUIDITY AND CAPITAL RESOURCES

As at July 31, 2020 our total assets were $439 compared to $596 in total assets at January 31, 2020. As at July 31, 2020, total assets comprised of $89 in cash and $350 in net fixed assets. As at July 31, 2020, our current liabilities were $18,413 compared to $12,763 as of January 31, 2020.

Stockholders’ deficit was $17,975 as of July 31, 2020 compared  to  $12,167 as of January 31, 2020.

Cash Flows from Operating Activities

For the six-month period ended July 31, 2020, net cash flows used in operating activities was $5,607, consisting of net loss of $5,807 and depreciation expense of $200. For the six-month period ended July 31, 2019, net cash flows used in operating activities was $7,975 consisting  of net loss of $5,425, depreciation expense of $200 and decrease in accounts payable of $2,750.

Cash Flows from Financing Activities

Cash flows provided by financing activities during the six-month period ended July 31, 2020 were $5,650, consisting entirely of loan from shareholder compared to none for the six-month period ended July 31, 2019.

PLAN OF OPERATION AND FUNDING

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next twelve months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.

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OFF-BALANCE SHEET ARRANGEMENTS

As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

GOING CONCERN

The independent auditors' report accompanying our January 31, 2020 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

As a "smaller  reporting  company" as defined by Item 10 of Regulation  S-K, the Company is not required to provide information required by this Item.

ITEM 4. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

Our disclosure controls and procedures are designed to ensure that information required to be disclosed in reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission. Our principal executive officer and principal financial and accounting officer have reviewed the effectiveness of our “disclosure controls and procedures” (as defined in the Securities Exchange Act of 1934 Rules 13(a)-15(e) and 15(d)-15(e)) within the end of the period covered by this Quarterly Report on Form 10-Q. Based on that evaluation, our management concluded that as a result of material weaknesses  related to lack of segregation of duties and multiple levels of review over the financial reporting process, our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms.

Changes in Internal Controls over Financial Reporting

There have been no changes in the Company's internal control over financial reporting during the last quarterly period covered by this report that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

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PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

No equity securities were sold during the six-month period ended July 31, 2020.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

No senior securities were issued and outstanding during the six-month period ended July 31, 2020.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable to our Company.

ITEM 5. OTHER INFORMATION

None.

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ITEM 6. EXHIBITS

Exhibits:

31.1 Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a)

32. Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 20021

101.INS  XBRL Instance Document

101.SCH XBRL Taxonomy Extension Schema Document

101.CAL XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF XBRL Taxonomy Extension Definition Document

101.LAB XBRL Taxonomy Extension Label Linkbase Document

101.PRE XBRL Taxonomy Extension Presentation Linkbase Document

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	TIBURON INTERNATIONAL TRADING CORP.
Dated: August 26, 2020	By: /s/ Yun Cai
	Yun Cai, President and Chief Executive Officer and Chief Financial Officer

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EX-31.1

Exhibit 31.1

Certification of Chief Executive Officer pursuant to Securities Exchange

Act of 1934 Rule 13a-14(a) or 15d-14(a)

1. I, Yun Cai, have reviewed this Quarterly Report on Form 10-Q of TIBURON INTERNATIONAL TRADING CORP.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and we have:

a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability o f financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)	evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)	disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

August 26, 2020                                            By:	/S/                              Yun Cai
	Name:                        Yun Cai
Title:         President  and Chief Executive Officer and Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of TIBURON INTERNATIONAL TRADING CORP.(the “Company”) on Form 10-Q for the quarter ended July 31, 2020 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Yun Cai, Chief Executive Officer  and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.          

  

Date:   August  26, 2020                  (s) ________________Yun Cai

                                                      Yun Cai

                                                     President and  Chief Executive Officer

                                                      and Chief Financial Officer

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	Jul. 31, 2020	Aug. 26, 2020
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2020
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Registrant Name	TIBURON INTERNATIONAL TRADING CORP.
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Current Fiscal Year End Date	--01-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		3,478,334
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true

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BALANCE SHEETS (Unaudited) - USD ($)	Jul. 31, 2020	Jan. 31, 2020
Current Assets
Cash	$ 89	$ 46
Total current assets	89	46
Property and equipment, net	350	550
Total Assets	439	596
Current Liabilities
Loan from related parties	18,413	12,763
Total current liabilities	18,413	12,763
Total Liabilities	18,413	12,763
Commitments & Contingencies	$ 0	$ 0
Stockholders' Equity
Common stock, $0.001 par value, 75,000,000 shares authorized; 3,478,334 shares issued and outstanding	3,478	3,478
Additional Paid-In-Capital	$ 26,372	$ 26,372
Accumulated deficit	(47,824)	(42,017)
Total Stockholders' Equity (Deficit)	(17,975)	(12,167)
Total Liabilities and Stockholders' Equity	$ 439	$ 596

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BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Jul. 31, 2020	Jan. 31, 2020
Statement of Financial Position [Abstract]
Common stock par value	$ 0.001	$ 0.001
Common stock shares authorized	75,000,000	75,000,000
Common stock shares issued and outstanding	3,478,334	3,478,334

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STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2020	Jul. 31, 2019
Income Statement [Abstract]
Revenue	$ 0	$ 4,500	$ 0	$ 4,500
Cost of goods sold	0	2,700	0	2,700
Operating expenses:
General and administrative expenses	2,160	2,957	5,807	7,225
Net income (loss) from operations	(2,160)	(1,157)	(5,807)	(5,425)
Income (Loss) before provision for income taxes	(2,160)	(1,157)	(5,807)	(5,425)
Provision for income taxes	0	0	0	0
Net income (loss)	$ (2,160)	$ (1,157)	$ (5,807)	$ (5,425)
Income (loss) per common share: Basic and Diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Weighted Average Number of Common Shares Outstanding: Basic and Diluted	3,478,334	3,478,334	3,478,334	3,478,334

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UNAUDITED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)	Total	Number of Common Shares	Additional Paid-In-Capital	Deficit accumulated
Balances at Jan. 31, 2020	$ (12,167)	$ 3,478	$ 26,372	$ (42,017)
Balances (in shares) at Jan. 31, 2020		3,478,334
Net loss for the three months	(3,647)			(3,647)
Balances at Apr. 30, 2020	(15,814)	$ 3,478	26,372	(45,664)
Balances (in shares) at Apr. 30, 2020		3,478,334
Net loss for the three months	(2,160)			(2,160)
Balances at Jul. 31, 2020	$ (17,975)	$ 3,478	$ 26,372	$ (47,824)
Balances (in shares) at Jul. 31, 2020		3,478,334

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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Cash flows from Operating Activities
Net loss	$ (5,807)	$ (5,425)
Depreciation	200	200
Increase (Decrease) in Accounts payable	0	(2,750)
Net cash used in operating activities	(5,607)	(7,975)
Cash flows from Investing Activities
Net cash used in Investing activities	0	0
Cash flows from Financing Activities
Proceeds of loan from shareholder	5,650	0
Net cash provided by financing activities	5,650	0
Net increase (decrease) in cash and equivalents	43	(7,975)
Cash and equivalents at beginning of the period	46	23,281
Cash and equivalents at end of the period	89	15,306
Supplemental cash flow information:
Interest	0	0
Taxes	$ 0	$ 0

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- ORGANIZATION AND BUSINESS

6 Months Ended

Jul. 31, 2020

- ORGANIZATION AND BUSINESS [Abstract]

- ORGANIZATION AND BUSINESS

NOTE 1 - ORGANIZATION AND BUSINESS

TIBURON INTERNATIONAL TRADING CORP. (the “Company”) is a corporation established under the corporation laws in the State of Nevada on February 17, 2017.  We are a development stage company and intend to commence operations in the distribution of air infiltration valves from China to the markets of Europe and Commonwealth of Independent States (CIS) countries.

The Company has adopted January 31 fiscal year end.

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- GOING CONCERN

6 Months Ended

Jul. 31, 2020

- GOING CONCERN [Abstract]

- GOING CONCERN

NOTE 2 - GOING CONCERN

The Company's financial statements as of July 31, 2020 been prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company has accumulated losses from inception (February 17, 2017) to July 31, 2020 of $47,824. These factors among others raise substantial doubt about the ability of the company to continue as a going concern for a reasonable period of time. 

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

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- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Jul. 31, 2020

- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company's unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). 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 and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. The accompanying unaudited financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the period shown and are not necessarily indicative of the results to be expected for the full year ending  January 31, 2021. These unaudited  financial statements should be read in conjunction with the audited financial statements and related notes for the year ended January 31, 2020.

Property and Equipment Depreciation Policy

Property and equipment are stated at cost and depreciated on the straight-line method over the estimated life of the asset. Depreciation expense for the six month periods ended July 31, 2020 and July 31, 2019 was $200.

New Accounting Pronouncements

The Company has evaluated upcoming pronouncements and noted no others with a material effect on financial information.

Revenue Recognition

We adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”, and all related interpretations for recognition of our revenue. Previously we recorded revenue based on ASC Topic 605. Adoption of new accounting standard did not have any material impact on our reported revenue.

Basic and Diluted Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of July 31, 2020, there were no potentially dilutive debt or equity instruments issued or outstanding. 

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At July 31, 2020 the Company's bank deposits did not exceed the insured amounts.

Stock-Based Compensation

As of July 31, 2020, the Company has not issued any stock-based payments to its employees.

Stock-based compensation is accounted for at fair value in accordance with ASC 718, when applicable.  To date, the Company has not adopted a stock option plan and has not granted any stock options.

Use of Estimates

Preparing 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, liabilities, revenue, and expenses. Actual results and outcomes may differ from management's estimates and assumptions.

Income Taxes

The Company follows the liability method of accounting for income taxes.  Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences).  The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Risks and Uncertainties

In December 2019, a novel strain of coronavirus surfaced in China, which has and is continuing to spread throughout the world, including the United States. On January 30, 2020, the World Health Organization declared the outbreak of the coronavirus disease (COVID-19) a “Public Health Emergency of International Concern,” and on March 11, 2020, the World Health Organization characterized the outbreak as a “pandemic”. The governors of New York, California and several other states, as well as mayors on many cities, have ordered their residents to cease traveling to non-essential jobs and to curtail all unnecessary travel, and to stay in their homes as much as possible in the coming weeks, as the nation confronts the escalating coronavirus outbreak, and similar restrictions have been recommended by the federal authorities and authorities in many other states and cities.  The Company is not able to predict the ultimate impact that COVID -19 will have on its business; however, if the current economic conditions continue, the Company will be forced to significantly scale back its business operations and its growth plans, and could ultimately have a significant negative impact on the Company.

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- CAPITAL STOCK

6 Months Ended

Jul. 31, 2020

- CAPITAL STOCK [Abstract]

- CAPITAL STOCK

NOTE 4 - CAPITAL STOCK

The Company has 75,000,000 shares of common stock authorized with a par value of $0.001 per share.

As of July 31, 2020, the Company had 3,478,334 shares issued and outstanding.

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- RELATED PARTY TRANSACTIONS

6 Months Ended

Jul. 31, 2020

- RELATED PARTY TRANSACTIONS [Abstract]

- RELATED PARTY TRANSACTIONS

NOTE 5 - RELATED PARTY TRANSACTIONS

In support of the Company's efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. 

Since February 17, 2017 (Inception) through July 31, 2020, the Company's sole officer and director loaned the Company $18,413 to pay for incorporation costs and operating expenses, $16,760 of this loan were cash  deposits to the Company's bank account. As of July 31, 2020, the amount outstanding was $18,413. The loan is non-interest bearing, due upon demand and unsecured.

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- SUBSEQUENT EVENTS

6 Months Ended

Jul. 31, 2020

- SUBSEQUENT EVENTS [Abstract]

- SUBSEQUENT EVENTS

NOTE 6 - SUBSEQUENT EVENTS

The Company has evaluated subsequent events from July 31, 2020 to August 26, 2020 the date the financial statements were issued and has determined that there are no items to disclose.

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Significant Accounting Policies (Policies)

6 Months Ended

Jul. 31, 2020

Significant Accounting Policies (Policies) [Abstract]

Basis of Presentation

Basis of Presentation

The Company's unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). 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 and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. The accompanying unaudited financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the period shown and are not necessarily indicative of the results to be expected for the full year ending  January 31, 2021. These unaudited  financial statements should be read in conjunction with the audited financial statements and related notes for the year ended January 31, 2020.

Property and Equipment Depreciation Policy

Property and equipment are stated at cost and depreciated on the straight-line method over the estimated life of the asset. Depreciation expense for the six month periods ended July 31, 2020 and July 31, 2019 was $200.

New Accounting Pronouncements

The Company has evaluated upcoming pronouncements and noted no others with a material effect on financial information.

Revenue Recognition

We adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”, and all related interpretations for recognition of our revenue. Previously we recorded revenue based on ASC Topic 605. Adoption of new accounting standard did not have any material impact on our reported revenue.

Basic and Diluted Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of July 31, 2020, there were no potentially dilutive debt or equity instruments issued or outstanding. 

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At July 31, 2020 the Company's bank deposits did not exceed the insured amounts.

Stock-Based Compensation

As of July 31, 2020, the Company has not issued any stock-based payments to its employees.

Stock-based compensation is accounted for at fair value in accordance with ASC 718, when applicable.  To date, the Company has not adopted a stock option plan and has not granted any stock options.

Use of Estimates

Preparing 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, liabilities, revenue, and expenses. Actual results and outcomes may differ from management's estimates and assumptions.

Income Taxes

The Company follows the liability method of accounting for income taxes.  Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences).  The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Risks and Uncertainties

In December 2019, a novel strain of coronavirus surfaced in China, which has and is continuing to spread throughout the world, including the United States. On January 30, 2020, the World Health Organization declared the outbreak of the coronavirus disease (COVID-19) a “Public Health Emergency of International Concern,” and on March 11, 2020, the World Health Organization characterized the outbreak as a “pandemic”. The governors of New York, California and several other states, as well as mayors on many cities, have ordered their residents to cease traveling to non-essential jobs and to curtail all unnecessary travel, and to stay in their homes as much as possible in the coming weeks, as the nation confronts the escalating coronavirus outbreak, and similar restrictions have been recommended by the federal authorities and authorities in many other states and cities.  The Company is not able to predict the ultimate impact that COVID -19 will have on its business; however, if the current economic conditions continue, the Company will be forced to significantly scale back its business operations and its growth plans, and could ultimately have a significant negative impact on the Company.

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- GOING CONCERN (Details Text)	41 Months Ended
	Jul. 31, 2020 USD ($)
Going Concern Details [Abstract]
The Company has accumulated losses from inception (February 17, 2017) to July 31, 2020 of $47,824	$ 47,824

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- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Text)	6 Months Ended
	Jul. 31, 2020 USD ($)
Summary Of Signifcant Accounting Policies Details_ [Abstract]
Depreciation expense for the six month periods ended July 31, 2020 and July 31, 2019 was $200.	$ 200

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- CAPITAL STOCK (Details Text)	Jul. 31, 2020 shares
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
As of July 31, 2020, the Company had 3,478,334 shares issued and outstanding.	3,478,334

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- RELATED PARTY TRANSACTIONS (Details Text)	Jul. 31, 2020 USD ($)
Related Party Transaction, Due from (to) Related Party, Current [Abstract]
As of July 31, 2020, the amount outstanding was $18,413	$ 18,413