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U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 10-Q

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

 

For the quarterly period ended September 30, 2023

 

 

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

 

Commission File No. 333-179302

 

Vanjia Corporation

(Exact name of registrant as specified in its charter)

Texas 45-3051284
(State or other jurisdiction (I.R.S. Employer Identification No.)
of incorporation or organization)  

 

4771 Sweetwater Blvd, #199

Sugar Land, Texas 77479

 

(Address of principal executive offices)

713-898-6818

(Issuer's telephone number)

 

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 [ ]                    Small Reporting company [X] 

Emerging Growth [ ]

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

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months or for such shorter period that the registrant was required to submit and post such files).  [x] Yes [  ] No

 

Indicate the number of shares outstanding of each of the issuer's classes of free trading shares (common stock) as of the most practicable date: 6,000,000 as of September 30, 2023. 

 

 
 
 

 

Form 10-Q Report Index 

 

    Page No:
PART 1. FINANCIAL INFORMATION     2  
Item 1. Financial Statements     2  
Condensed Balance Sheets     2  
Condensed Statements of Operations     3  
Condensed Statements of Cash Flows     4  
Notes to financial Statements     6-8  
Item 2. Management Discussion and Analysis of Financial Condition     9  
Item 3. Quantitative and Qualitative Disclosures about Market Risk     11  
Item 4. Control and Procedures     11  
PART 11. OTHER INFORMATION        
Item 1. Legal Proceedings     12  
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds     12  
Item 3. Defaults Upon Senior Securities     12  
Item 4. Mine Safety Disclosures     12  
Item 5. Other Information     12  
Item 6. Exhibit     12  
Item 7. Signature     12  

 

 

 

 
 
 

VANJIA CORPORATION

BALANCE SHEETS

 

   September 30, 2023
(Unaudited)		  December 31, 2022
ASSETS          
Current Assets:        
Cash   $ 17,213     $ 18,134  
Account Receivable  68,985   —   
Total Current Assets:   86,198    18,134 
Land Held for Investment   742,000    742,000 
Total Assets  $828,198   $760,134 
LIABILITIES AND STOCKHOLDERS' EQUITY          
Current Liabilities:   —      —   
Due to shareholder   —     $—   
Total Current Liabilities:   —      —   
Stockholders' Equity:          
Common stock, par value $0.0001 per share, 9,999,999,999 shares authorized, 30,000,000 shares issued and outstanding as of September 30, 2022 and December 31, 2021  $3,000   $3,000 
Preferred Stock, par value $0.0001 per share, 8,888,888,888 shares authorized, 0 issued and outstanding as of September 30, 2023 and December 31, 2022   —      —   
Additional Paid-In Capital   936,400    936,400 
Deficit accumulated during development stage   (111,202)   (179,266)
Total stockholders' equity   828,198    760,134 
Total Liabilities and Stockholders' Equity  $828,198   $760,134 

 

The Accompanying Notes are an Integral Part of the Financial Statements. 

 

2

 
 
 

 

VANJIA CORPORATION

STATEMENTS OF OPERATIONS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022-

( UNAUDITED)

 

   Nine
Months
Ended
Sept.30
2023		  Nine
Months
Ended
Sept.30
2022		  Three
Months
Ended
Sept.30
2023		  Three
Months
Ended
Sept.30,
2022
Revenue  $75,500   $—     $—     $—   
General and Administrative expenses   (7,436)   (9,398)   (1,227)   (1,550)
Loss from Operations   68,064    (9,398)   (1,227)   (1,550)
Other income(s):                    
Provision for income taxes   —      —      —      —   
                    
Net Loss  $68,064   $(9,398)  $(1,227)  $(1,550)
Net Loss Per Share-   —      —      —      —   
Net Loss Per Share- Basic and Diluted  $(0.00)  $(0.00)  $(0.00)  $(0.00)
Weighted Average Shares Outstanding: Basic and Diluted   30,000,000    30,000,000    30,000,000    30,000,000 

 

 The Accompanying Notes are an integral Part of the Financial Statements. 

 

3

 

 
 
 

VANJIA CORPORATION

STATEMENT OF CASH FLOW

FOR THE NINE MONTHS ENDED SEPT. 30, 2023 AND 2022

( UNAUDITED)

 

    Nine
Months
Ended
Sept.
30
2023		   Nine
Months
Ended
Sept.
30,
2022
CASH FLOWS FROM OPERATING ACTIVITIES:                
Net Profit   $ 68,064     $ (9,398 )
Adjustments to reconcile net loss to net cash used in operations:             —    
 Account Receivables     (68,985)          
Net cash used in operating activities     (921)       (9,398 )
CASH FLOWS FROM FINANCING ACTIVITIES:                
Proceeds from issuance of common stock:             —    
Net cash provided by financing activities             —    
NET CHANGE IN CASH     (921)       (9,398 )
Cash and cash equivalents:                
Beginning     18,134       2,958  
Ending   $ 17,213     $ 20,148  
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS:                
Interest Expenses   $ -     $ -  
Income tax Expense   $   -    $ -  
                 

The Accompanying Notes are an integral Part of the Financial Statements.

 

4

 
 
 
Vania Corporation
Statement of Stockholder's Equity
For the Six months ended September 30,2023 and 2022
(unaudited)

 

   Common Stocks  Amount  Additional paid-in Capital  Stock Subscription Receivable  Accumulated
Deficit		  Stockholder's
Equity
Balance at June 30,2022   30,000,000   $3,000   $936,400   $—      (175,702)   763,698 
Net Loss   —      —      —      —     $(1,550)  $(1,550)
Balance at September 30,2022   30,000,000   $3,000   $936,400   $—      (177,252)   762,148 
                               
Balance at June 30,2023   30,000,000   $3,000   $936,400   $—      (109,975)   829,425 
Net Loss   —      —      —           (1,227)   (1,227)
Balance at September 30,2023   30,000,000   $3,000   $936,400   $—      (111,202)   828,198 

 

The Accompanying Notes are an integral Part of the Financial Statements.

 

 

5

 

 

 
 

VANJIA CORPORATION

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
SEPTEMBER 30, 2023.

 

1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial reporting and in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited, condensed consolidated financial statements, footnote disclosures and other information should be read in conjunction with the financial statements and the notes thereto included Form 10-K for the year ended December 31, 2021.

Organization and Nature of Business

Vanjia Corporation (formerly Vantone Realty Corporation), was incorporated on August 19, 2011 in the State of Texas. The Company has conducted business operations. The Company‘s business plan is to build affordable homes in Houston, Texas. In 2018, the Company began a business to enroll students for real estate licensing courses.

The Company’s year-end is December 31. 

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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 revenue and expenses during the reporting period. Actual results could differ from those estimates.

 

Cash and Cash Equivalents

Cash and cash equivalents include cash and all highly liquid instruments with original maturities of three months or less.

6

 

 

 
 
 

VANJIA CORPORATION

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
SEPTEMBER 30, 2023.

 

 

 

1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES (Continued)

Net Income (loss) per Share

Basic income (loss) per share is computed by dividing net income by weighted average number of shares of common stock outstanding during each period. Diluted income per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. At September 30, 2022, the Company does not have any outstanding common stock equivalents; therefore, a separate computation of diluted loss per share is not presented.

Income Taxes

The Company accounts for income taxes in accordance with ASC 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when, in the opinion of management, it is more likely than not that some or any deferred tax assets will not be realized.

Recent Accounting Pronouncements

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its result of operations, financial position or cash flow.

  

7 

 

 

 

 
 

VANJIA CORPORATION

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
SEPTEMBER 30, 2023.

 

2. INCOME TAXES

The Company has not yet realized income as of the date of this report, and no provision for income taxes has been made. As of September 30, 2022, the Company had an accumulated deficit of $111,202.00 that may be available to reduce future years’ taxable income. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a full valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. 

3. LINE OF CREDIT

The Company has available a line of credit with an officer and shareholder that provided maximum borrowing up to $5,000,000 for working capital purposes. The line of credit has no expiration date and is due on demand. Borrowings under the line of credit bear interest at 0% per annum. As of September 30, 2023 and December 31, 2022, the Company had outstanding balance of $0 and $0 respectively, on the line of credit. 

4. SIGNIFICANT EVENTS

In late 2019, an outbreak of COVID-19 emerged and by March 11, 2020 was declared a global pandemic by the World Health Organization. Throughout the United States and locally, governments and municipalities instituted measures to control the spread of COVID-19, including quarantines, shelter-in-place orders, school closings, travel restrictions and the closure of non-essential businesses. By the end of March and into April 2020, the economic impacts became significant. Before the financial statements were made out, the Board of Directors had considered the impact of COVID-19 outbreak in United States, which would have affected the financial position, performance and cash flow of the Company as ended on the reporting date thereon. The Management concluded that the impact of non-adjusting events from the COVID-19 outbreak has not significantly affected the fair values of the financial assets or liabilities and non-finance assets of the Company, including the classification of current and non-current items that were presented on the reporting date.

5. SUBSEQUENT EVENTS 

The Company evaluated all events or transactions that occurred after September 30,2023 up through the date the Company issued these financial statements.

 

8

 

 

 

 

 
 

 

Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

 

This section of the prospectus includes forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place an undue certainty on these forward-looking statements, which apply only as of the date of this prospectus. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions. 

 

PLAN OF OPERATION 

Our plan of operations for the next twelve months is to proceed with the implementation of our business plan.

 

GOALS

PROJECT OUTCOMES

 

Legal and Accounting Expenses Compliance with financial reporting and internal controls
Website Design Creation of our corporate website
Civil Engineer or Surveyor's Fees Subdivision of lands
Architect drawings Complete a set of plans for building permits
Project Consultants Quality Control of construction project
Marketing and Promotion Marketing and public awareness activities
Working Capital Office supplies, telephone, postage and other miscellaneous expenses

  

ACCOUNTING AND LEGAL EXPENSES- Our estimate these related expenses will range from $7,500 for the next 12 months. We will be subject to the reporting requirements of the Securities Exchange Act of 1934, as amended, or the Exchange Act, and the Sarbanes-Oxley Act of 2002. The Exchange Act requires that we file annual, quarterly and current reports with respect to our business and financial condition. The Sarbanes-Oxley Act requires that we maintain effective disclosure controls and procedures and internal controls for financial reporting. 

CREATE OUR CORPORATE WEBSITE- It is part of our business plan to have our website. A website can convey our corporate images and services to our potential customers. We believe our estimated cost of $1,250 will be sufficient to cover our projected expense for website design. 

SURVEYOR'S FEES- We are required to obtain surveyors' services related to subdivision of land. Our estimated cost for a surveyor' services will be $4,500. The Planning Commission for the City of Houston is responsible for the review and approval of application for subdivision of land.

ARCHITECT DRAWINGS- We are required to obtain several sets of architect drawings in connection with our proposed construction projects. We estimated the cost for architect drawings will be $5,000 to $7,500 per year. 

PROJECT CONSULTANTS- Once we have obtained the necessary building permits from the City of Houston, we will be ready to build our residential homes. We will require to hire project consultants to monitor the quality control of our construction projects. We intend to spent $6,300 to $12,600 annually for project consultants. 

MARKETING AND PROMOTION- Our staff will distribute our promotional fliers on foot, spending afternoons knocking on the doors of residences in targeted neighborhoods, as well as residences already in designated HOPE and Workforce areas. Speaking with potential buyers directly is the best way to inform and engage the communities. When speaking to residents, we will explain the Houston HOPE and Workforce programs, specifically mentioning how these programs can benefit them as future owners of our new homes and services. We will then outline in further detail the government assistance option available to them. The government can offer up to $30,000 for down payments and unlike renting, home ownership allows one to build up home equity. 

9

 

 

 

 

 
 

 

The following table shows the projection of our building activities for three years:

   1st Year milestone  2nd Year milestone  3rd year milestone
Number of residential homes  2- 3 homes  3-5 homes  5-8 homes
Location of new residential homes  Houston, Texas  Houston, Texas  Houston, Texas
Estimated cost for each milestone  $100,000  $200,000  $300,000

 

LIQUIDITY AND CAPITAL RESOURCES 

On September 30, 2023, our current assets were $17,213.00and our total liabilities were $-0- which resulted in working capital of $17,213.00. We expect to raise additional capital through, among other things, the sale of equity or debt securities, private placement offerings, employee stock options plans, and advanced funds from our officer and director. Any deficiencies in general and administrative expenses will be covered from funds by our director and officer. Our officer and director, Tian Su Hua, has agreed to provide us a $5,000,000 line-of-credit at -0- interest. The management believes that an existing $1,000,000 line-of-credit agreement with our officer and director will be sufficient to cover our operational expense for the next twelve months. The residential lot we currently own is large enough to accommodate up to eight homes. We believe that our future expenditures for the second and third years will be covered by revenues generate from sell of new homes and additional offerings for equity or debt securities, private placement offerings, employee options plans and funds from our officer and director. 

RESULTS OF OPERATIONS 

From August 19, 2011 (Inception) to September 30, 2023. 

During the period, our incorporation in the State of Texas, we hired attorney for the preparation of this registration statement and our auditors to audit our financial statements. We have prepared a business plan. Our accumulated loss since August 19, 2011 (Inception) to September 30, 2023 was $111,202.00 for accumulated net loss. 

10 

 

 

 

 
 

 

OFF-BALANCE SHEET ARRANGEMENT

The Company has no material transactions, arrangements, obligations or other relationships with entities or other persons that have or are reasonably likely to have a material current or future impact, changes in financial condition, results of operations, liquidity, capital expenditures, capital resources, or significant components of revenues or expenses.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 

We are a small reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information.

 

ITEM 4. CONTROLS AND PROCEDURES

 

Under the supervision and with the participation of our management, including the Principal Executive Officer and Principal Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of the end of the period covered by this report. Based on that evaluation, the Principal Executive Officer and Principal Financial Officer have concluded that these disclosure controls and procedures are effective. There were no changes in our internal control over financial reporting during the quarter ended September 30, 2020 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

 

11 

 

 

 

 
 

 

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS 

From time to time we are involved in various routine legal proceedings arising in our ordinary course of business. Any such currently pending matters would not, in the opinion of management, have a material adverse effect on our financial conditions or results of operations. 

 

Item 1A. RISK FACTORS 

We are a small reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information 

 

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

There were no unregistered sales of equity securities during the quarterly period ended September 30, 2023.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES 

None

 

ITEM 4. MINE SAFETY DISCLOSURE 

Not applicable

 

ITEM 5. OTHER INFORMATION 

None

 ITEM 6. EXHIBITS 

Exhibit 31.1 Certificate of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 

Exhibit 31.2 Certificate of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 

Exhibit 32.1 Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

Exhibit 32.2 Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

Exhibit 101 XBRL data files of Financial Statements and notes contained in this Quarterly Report on Form 10Q.

 

* In accordance with Regulation S-T, the Interactive Data Files in Exhibit 101 to the Quarterly Report on Form 10-Q shall be deemed “furnished” and not “filed.”

 

ITEM 7. SIGNATURES

 Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

  

/s/ Tian Su Hua

Tian Su Hua

Chief Executive Officer

 

/s/ Tian Jia

Tian Jia

Chief Financial Officer/Director

 

November 6, 2023

 

12

 

______________________________________________________________________________________________________________________________________________________________________________________________________________________

SARBANES-OXLEY SECTION 302(a)


CERTIFICATION OF CHIEF EXECUTIVE OFFICER

 

I, Tian Su Hua, certify that: 

1. I have reviewed this quarterly report on Form 10-Q for the period ended September 30, 2023 of Vanjia Corporation. 

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(s) 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 15-d-15(f)) for the registrant and 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 of 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(s) 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. 

   
November 6, 2023

Vanjia Corporation

/s/ Tian Su Hua

  Tian Su Hua
  Chief Executive Officer

 

SARBANES-OXLEY SECTION 302(a)


CERTIFICATION OF CHIEF EXECUTIVE OFFICER 

I, Tian Jia, certify that: 

1. I have reviewed this quarterly report on Form 10-Q for the period ended September 30, 2023 of Vanjia Corporation. 

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(s) 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 15-d-15(f)) for the registrant and 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 of 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(s) 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. 

   
November 6, 2023

Vanjia Corporation

/s/ Tian Jia

  Tian Jia
  Chief Financial Officer

 

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 Vanjia Corporation (the Company) on Form 10-Q for the period ended September 30, 2023 as filed with the Securities and Exchange Commission on the date hereof (the report),

I, Tian Su Hua, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 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 this Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

/s/ Tian Su Hua

Tian Su Hua

Chief Executive Officer

Dated: November 6, 2023

 

 

 

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 Vanjia Corporation (the Company) on Form 10-Q for the period ended September 30, 2023 as filed with the Securities and Exchange Commission on the date hereof (the report),

I, Tian Jia, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 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 this Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

/s/ Tian Jia

Tian Jia

Chief Financial Officer 

Dated: November 6, 2023

 

v3.23.3
Cover
 9 Months Ended
Sep. 30, 2023
shares
Cover [Abstract]  
Document Type 10-Q
Amendment Flag false
Document Quarterly Report true
Document Transition Report false
Document Period End Date Sep. 30, 2023
Document Fiscal Period Focus Q3
Document Fiscal Year Focus 2023
Current Fiscal Year End Date --12-31
Entity File Number 333-179302
Entity Registrant Name Vanjia Corporation
Entity Central Index Key 0001532383
Entity Tax Identification Number 45-3051284
Entity Incorporation, State or Country Code TX
Entity Address, Address Line One 4771 Sweetwater Blvd
Entity Address, Address Line Two  #199
Entity Address, City or Town Sugar Land
Entity Address, State or Province TX
Entity Address, Postal Zip Code 77479
City Area Code 713
Local Phone Number 898-6818
Entity Current Reporting Status Yes
Entity Interactive Data Current Yes
Entity Filer Category Non-accelerated Filer
Entity Small Business true
Entity Emerging Growth Company false
Entity Shell Company false
Entity Common Stock, Shares Outstanding 6,000,000
v3.23.3
Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash $ 17,213 $ 18,134
Account Receivable 68,985
Total Current Assets: 86,198 18,134
Land Held for Investment 742,000 742,000
Total Assets 828,198 760,134
Current Liabilities:    
Total Current Liabilities:
Stockholders' Equity:    
Common stock, par value $0.0001 per share, 9,999,999,999 shares authorized, 30,000,000 shares issued and outstanding as of September 30, 2022 and December 31, 2021 3,000 3,000
Preferred Stock, par value $0.0001 per share, 8,888,888,888 shares authorized, 0 issued and outstanding as of September 30, 2023 and December 31, 2022
Additional Paid-In Capital 936,400 936,400
Deficit accumulated during development stage (111,202) (179,266)
Total stockholders' equity 828,198 760,134
Total Liabilities and Stockholders' Equity $ 828,198 $ 760,134
v3.23.3
Balance Sheets (Parenthetical) - $ / shares
Sep. 30, 2023
Dec. 31, 2022
Statement of Financial Position [Abstract]    
Common Stock, Par or Stated Value Per Share $ 0.0001 $ 0.0001
Common Stock, Shares Authorized 9,999,999,999 9,999,999,999
Common Stock, Shares, Issued 30,000,000 30,000,000
Common Stock, Shares, Outstanding 30,000,000 30,000,000
Preferred Stock, Par or Stated Value Per Share $ 0.0001 $ 0.0001
Preferred Stock, Shares Authorized 8,888,888,888 8,888,888,888
Preferred Stock, Shares Issued 0 0
Preferred Stock, Shares Outstanding 0 0
v3.23.3
Statement of Operations - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenue $ 75,500
General and Administrative expenses (1,227) (1,550) (7,436) (9,398)
Loss from Operations (1,227) (1,550) 68,064 (9,398)
Provision for income taxes
Net Loss $ (1,227) $ (1,550) $ 68,064 $ (9,398)
Net Loss Per Share- Basic and Diluted $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Weighted Average Shares Outstanding: Basic and Diluted 30,000,000 30,000,000 30,000,000 30,000,000
v3.23.3
Statement of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Profit $ 68,064 $ (9,398)
Adjustments to reconcile net loss to net cash used in operations:    
 Account Receivables (68,985)  
Net cash used in operating activities (921) (9,398)
NET CHANGE IN CASH (921) (9,398)
Beginning 18,134 2,958
Ending 17,213 20,148
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS:    
Interest Expenses
Income tax Expense
v3.23.3
Statement of Stockholders Equity - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Beginning balance, value at Jun. 30, 2022 $ 3,000 $ 936,400 $ (175,702) $ 763,698
Shares, Issued at Jun. 30, 2022 30,000,000      
Net Loss (1,550) (1,550)
Ending balance, value at Sep. 30, 2022 $ 3,000 936,400 (177,252) 762,148
Shares, Issued at Sep. 30, 2022 30,000,000      
Beginning balance, value at Dec. 31, 2022       760,134
Net Loss       68,064
Ending balance, value at Sep. 30, 2023 $ 3,000 936,400 (111,202) 828,198
Shares, Issued at Sep. 30, 2023 30,000,000      
Beginning balance, value at Jun. 30, 2023 $ 3,000 936,400 (109,975) 829,425
Shares, Issued at Jun. 30, 2023 30,000,000      
Net Loss (1,227) (1,227)
Ending balance, value at Sep. 30, 2023 $ 3,000 $ 936,400 $ (111,202) $ 828,198
Shares, Issued at Sep. 30, 2023 30,000,000      
v3.23.3
1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES
 9 Months Ended
Sep. 30, 2023
Accounting Policies [Abstract]  
1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES

1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial reporting and in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited, condensed consolidated financial statements, footnote disclosures and other information should be read in conjunction with the financial statements and the notes thereto included Form 10-K for the year ended December 31, 2021.

Organization and Nature of Business

Vanjia Corporation (formerly Vantone Realty Corporation), was incorporated on August 19, 2011 in the State of Texas. The Company has conducted business operations. The Company‘s business plan is to build affordable homes in Houston, Texas. In 2018, the Company began a business to enroll students for real estate licensing courses.

The Company’s year-end is December 31. 

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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 revenue and expenses during the reporting period. Actual results could differ from those estimates.

 

Cash and Cash Equivalents

Cash and cash equivalents include cash and all highly liquid instruments with original maturities of three months or less.

 

Net Income (loss) per Share

Basic income (loss) per share is computed by dividing net income by weighted average number of shares of common stock outstanding during each period. Diluted income per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. At September 30, 2022, the Company does not have any outstanding common stock equivalents; therefore, a separate computation of diluted loss per share is not presented.

Income Taxes

The Company accounts for income taxes in accordance with ASC 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when, in the opinion of management, it is more likely than not that some or any deferred tax assets will not be realized.

Recent Accounting Pronouncements

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its result of operations, financial position or cash flow.
v3.23.3
2. INCOME TAXES
 9 Months Ended
Sep. 30, 2023
Income Tax Disclosure [Abstract]  
2. INCOME TAXES

2. INCOME TAXES

The Company has not yet realized income as of the date of this report, and no provision for income taxes has been made. As of September 30, 2022, the Company had an accumulated deficit of $111,202.00 that may be available to reduce future years’ taxable income. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a full valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. 
v3.23.3
3. LINE OF CREDIT
 9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
3. LINE OF CREDIT

3. LINE OF CREDIT

The Company has available a line of credit with an officer and shareholder that provided maximum borrowing up to $5,000,000 for working capital purposes. The line of credit has no expiration date and is due on demand. Borrowings under the line of credit bear interest at 0% per annum. As of September 30, 2023 and December 31, 2022, the Company had outstanding balance of $0 and $0 respectively, on the line of credit. 
v3.23.3
4. SIGNIFICANT EVENTS
 9 Months Ended
Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
4. SIGNIFICANT EVENTS

4. SIGNIFICANT EVENTS

In late 2019, an outbreak of COVID-19 emerged and by March 11, 2020 was declared a global pandemic by the World Health Organization. Throughout the United States and locally, governments and municipalities instituted measures to control the spread of COVID-19, including quarantines, shelter-in-place orders, school closings, travel restrictions and the closure of non-essential businesses. By the end of March and into April 2020, the economic impacts became significant. Before the financial statements were made out, the Board of Directors had considered the impact of COVID-19 outbreak in United States, which would have affected the financial position, performance and cash flow of the Company as ended on the reporting date thereon. The Management concluded that the impact of non-adjusting events from the COVID-19 outbreak has not significantly affected the fair values of the financial assets or liabilities and non-finance assets of the Company, including the classification of current and non-current items that were presented on the reporting date.
v3.23.3
5. SUBSEQUENT EVENTS
 9 Months Ended
Sep. 30, 2023
Subsequent Events [Abstract]  
5. SUBSEQUENT EVENTS

5. SUBSEQUENT EVENTS 

The Company evaluated all events or transactions that occurred after September 30,2023 up through the date the Company issued these financial statements.
v3.23.3
1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES (Policies)
 9 Months Ended
Sep. 30, 2023
Accounting Policies [Abstract]  
Basis of Presentation

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial reporting and in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited, condensed consolidated financial statements, footnote disclosures and other information should be read in conjunction with the financial statements and the notes thereto included Form 10-K for the year ended December 31, 2021.
Organization and Nature of Business

Organization and Nature of Business

Vanjia Corporation (formerly Vantone Realty Corporation), was incorporated on August 19, 2011 in the State of Texas. The Company has conducted business operations. The Company‘s business plan is to build affordable homes in Houston, Texas. In 2018, the Company began a business to enroll students for real estate licensing courses.

The Company’s year-end is December 31. 
Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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 revenue and expenses during the reporting period. Actual results could differ from those estimates.

 
Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents include cash and all highly liquid instruments with original maturities of three months or less.

 
Net Income (loss) per Share

Net Income (loss) per Share

Basic income (loss) per share is computed by dividing net income by weighted average number of shares of common stock outstanding during each period. Diluted income per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. At September 30, 2022, the Company does not have any outstanding common stock equivalents; therefore, a separate computation of diluted loss per share is not presented.
Income Taxes

Income Taxes

The Company accounts for income taxes in accordance with ASC 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when, in the opinion of management, it is more likely than not that some or any deferred tax assets will not be realized.
Recent Accounting Pronouncements

Recent Accounting Pronouncements

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its result of operations, financial position or cash flow.
v3.23.3
2. INCOME TAXES (Details Narrative) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]    
Retained Earnings (Accumulated Deficit) $ 111,202 $ 179,266
v3.23.3
3. LINE OF CREDIT (Details Narrative) - USD ($)
 9 Months Ended
Sep. 30, 2023
Dec. 31, 2022
Debt Disclosure [Abstract]    
Line of Credit Facility, Maximum Borrowing Capacity $ 5,000,000  
Line of Credit Facility, Interest Rate During Period 0.00%  
Line of Credit Facility, Fair Value of Amount Outstanding $ 0 $ 0
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