JS BEAUTY LAND NETWORK TECHNOLOGY INC

CIK:0001745931|SEC Filings

Condensed Consolidated Statement of Operations and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Revenue	$ 95,441	$ 80,838	$ 111,531	$ 309,694
Cost of goods sold	11,588	53,347	24,320	143,917
Gross Profit	83,853	27,491	87,211	165,777
Operating expenses
Selling expense
General and administrative	48,519	79,813	167,195	179,216
Operating expenses	48,519	79,813	167,195	179,216
Operating income (loss)	35,334	(52,322)	(79,984)	(13,439)
Other income (expense)
Interest income	1,185	258	2,092	395
Interest expense	(1,610)	(1,508)	(4,830)	(4,474)
Other income (expense), net	(425)	(1,250)	(2,738)	(4,079)
Net income (loss)	34,909	(53,572)	(82,722)	(17,518)
Less: net income (loss) attributable to non-controlling interest	576	(408)	(189)	385
Net income (loss) attributable to JS Beauty Land Network Technology Inc.	34,333	(53,164)	(82,533)	(17,903)
Other comprehensive income (loss)
Foreign currency translation (loss) gain	94,190	29,652	126,306	23,970
Less: foreign currency translation gain attributable to non-controlling interest	942	296	1,834	347
Total Comprehensive Income (Loss) Attributable to JS Beauty Land Network Technology Inc.	$ 127,581	$ (23,808)	$ 41,939	$ 5,720
Income(Loss) per share - basic and diluted	$ 0.01	$ (0.02)	$ (0.03)	$ (0.01)
Weighted average shares- basic and diluted	2,713,862	2,326,950	2,665,724	2,244,809

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (82,722)	$ (17,518)
Non-cash adjustment to reconcile net loss to net cash:
Depreciation and amortization	1,859	2,933
Imputed interest expense	4,850	4,606
Changes in Operating Assets and Liabilities:
Account receivable		(8,914)
Prepaid expense	10,757	(18,189)
Other receivable	(10,510)	4,098
Inventory		48,022
Right-of-use asset		(51,027)
Accrued liabilities	(17,895)	(7,718)
Advance from customer		28,601
Payroll payable		(3,393)
Tax payable	(7,328)	1,596
Lease Liability		51,027
Other payable	2,589	2,031
NET CASH PROVIDED BY(USED IN) OPERATING ACTIVITIES	(98,400)	36,155
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of intangible assets		(222)
NET CASH USED IN INVESTING ACTIVITIES		(222)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from shares to be issued	1,068,302
Proceeds from issuance of shares	314,931	337,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	1,383,233	337,000
NET INCREASE IN CASH AND CASH EQUIVALENTS	1,284,833	372,933
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS	121,390	16,703
CASH AND CASH EQUIVALENTS:
Cash Balance, Beginning of Period	721,529	121,198
Cash Balance, End of Period	2,127,752	510,834
SUPPLEMENTAL DISCLOSURES:
Cash paid for income tax
Cash paid for interest

Condensed Consolidated Balance Sheet (Unaudited) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current Assets
Cash and cash equivalents	$ 2,127,752	$ 721,529
Prepaid expense		10,666
Other receivable	30,586	19,782
Due from related party	4,026	3,975
Total Current Assets	2,162,364	755,952
Right-of-use asset	77,817	127,778
Property And Equipment, Net	4,979	6,760
Total Assets	2,245,160	890,489
Current Liabilities
Accrued liabilities	18,795	36,690
Due to related party	107,781	106,452
Tax payable	3,227	10,453
Other payable	134,351	131,750
Lease liability-current	65,843	68,319
Shares to be issued	1,068,302	98,000
Total Current Liabilities	1,398,299	451,664
Lease liability	6,129	59,459
Total Liabilities	1,404,428	511,123
Stockholders’ Equity
Common stock, $0.001 par value, 100,000,000 shares authorized; 2,969,359 and 2,556,428 shares issued and outstanding at September 30, 2021 and December 31, 2020	2,969	2,556
Additional paid in capital	1,711,773	1,294,405
Accumulated deficit	(1,049,934)	(967,401)
Accumulated other comprehensive income	180,862	56,390
Total JS Beauty Land Network Technology Inc.’ Equity	845,670	385,950
Non-controlling interest	(4,938)	(6,583)
Total Stockholders’ Equity	840,732	379,367
Total Liabilities and Stockholders’ Equity	$ 2,245,160	$ 890,490