Fuquan Financial Co
CIK:0000819690|SEC Filings
Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2018 |
Dec. 31, 2017 |
|
| Income Statement [Abstract] | ||||
| REVENUE | ||||
| COST OF REVENUE | ||||
| GROSS PROFIT | ||||
| EXPENSES | ||||
| General and administrative | 59,986 | 7,531 | 325,072 | 16,606 |
| Total Expenses | 59,986 | 7,531 | 325,072 | 16,606 |
| OPERATING LOSS | (59,986) | (7,531) | (325,072) | (16,606) |
| OTHER INCOME / (EXPENSE) | ||||
| Interest expense | (40,587) | (68,144) | ||
| Change in fair value of derivative | 3,571 | 38,332 | ||
| Total other income (expense) | (37,016) | (29,812) | ||
| LOSS BEFORE TAXES | (97,002) | (7,531) | (354,884) | (16,606) |
| TAXES | ||||
| NET LOSS | $ (97,002) | $ (7,531) | $ (354,884) | $ (16,606) |
| Net Loss per Common Share: Basic and Diluted | $ (0.00) | $ (0.00) | $ (0.00) | $ (0.00) |
| Weighted Average Common Shares Outstanding: Basic and Diluted | 2,900,164,114 | 122,164,114 | 2,698,127,750 | 122,164,114 |
Statements of Cash Flows (Unaudited) - USD ($) |
9 Months Ended | |
|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
|
| Cash Flows (Used In) Operating Activities: | ||
| Net Loss | $ (354,884) | $ (16,606) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock issued for compensation | 65,714 | |
| Amortization of debt discount | 58,736 | |
| Change in fair value of derivative liabilities | (38,332) | |
| Non-cash management fees | 259,358 | |
| Changes in working capital items: | 9,408 | |
| Shareholder loan payable - advances | 16,606 | |
| Net Cash (Used In) Operating Activities | ||
| Net Cash Flows From (Used In) Investing Activities: | ||
| Net Cash From Financing Activities | ||
| Net Change in Cash: | ||
| Beginning Cash | ||
| Ending Cash | ||
| Supplemental Disclosures of Cash Flow Information: | ||
| Cash paid for interest: | ||
| Cash paid for tax: | ||
| Non Cash Investing and Financing Activities | ||
| Convertible note payable - related party | $ 259,358 | |
Balance Sheets (Unaudited) - USD ($) |
Dec. 31, 2018 |
Mar. 31, 2018 |
|---|---|---|
| Current Assets | ||
| Cash and Cash Equivalents | ||
| Total Current Assets | ||
| Total Assets | 0 | 0 |
| Current Liabilities | ||
| Accrued Interest Payable | 9,408 | |
| Shareholder Loan Payable | 324,033 | 324,033 |
| Derivative liabilities | 210,290 | |
| Total Current Liabilities | 543,731 | 324,033 |
| Long Term Liabilities | ||
| Convertible Note Payable, net of discount | 69,472 | |
| Total Liabilities | 613,203 | 324,033 |
| Commitments and Contingencies (Note 9) | ||
| Shareholders' Deficit | ||
| Preferred Stock, $0.001 par value, 50,000,000 authorized none issued and outstanding | ||
| Common Stock, $0.001 par value, 3,000,000,000 and 200,000,000 authorized respectively, 2,900,164,114 and 122,164,114 issued and outstanding respectively | 2,900,164 | 122,164 |
| Additional Paid in Capital | 2,961,627 | 5,673,913 |
| Accumulated Deficit | (6,474,994) | (6,120,110) |
| Total Shareholders' Deficit | (613,203) | (324,033) |
| Total Liabilities and Shareholders' Deficit | $ 0 | $ 0 |