10-Q

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For The Quarterly Period Ended January 31, 2016

or

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

For the transition period from_______to_______

Commission File Number 333-193565

Gushen, Inc.

 (Exact name of registrant issuer as specified in its charter)

Nevada	47-3413138
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

Room 1203, 12/F, HIP Kwan Commercial Building,

38 Pitt Street, Yau Ma Tei, Kowloon, Hong Kong

 (Address of principal executive offices, including zip code)

Registrant’s phone number, including area code (852) 2155-0335

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 ☒     NO ☐

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 (section 232.405 of this chapter) during the preceding twelve months (or shorter period that the registrant was required to submit and post such files).

YES ☐     NO ☒

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer     ☐      Accelerated Filer     ☐      Non-accelerated Filer     ☐      Smaller reporting company     ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☒   No  ☐

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

Class	Outstanding at January 31, 2016
CommonStock,$.0001parvalue	28,993,750

TABLE OF CONTENTS 

	Page
PART I	FINANCIAL INFORMATION
ITEM 1.	UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS:
	Condensed Consolidated Balance Sheets as of  January 31, 2016 and April 30, 2015 (audited)	F-1
	Condensed Consolidated Statements of Operations for the Three and Nine Months Ended January 31, 2016	F-2
	Condensed Consolidated Statement of Cash Flows for the Nine Months Ended  January 31, 2016	F-3
	Condensed Consolidated Statement of Changes in Stockholders’ Equity for the Nine Months Ended  January 31, 2016	F-4
	Notes to the Condensed Consolidated Financial Statements	F-5 – F-10
ITEM 2.	MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	3-4
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	5
ITEM 4.	CONTROLS AND PROCEDURES	5
PART II	OTHER INFORMATION
ITEM 1.	LEGAL PROCEEDINGS	6
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	6
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	6
ITEM 4.	MINE SAFETY DISCLOSURES	6
ITEM 5.	OTHER INFORMATION	6
ITEM 6.	EXHIBITS	6
SIGNATURES		7

- 2 -

GUSHEN, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF JANUARY 31, 2016 AND APRIL 30, 2015

	As of
	January 31, 2016			April 30, 2015
	(Unaudited)			(Audited)
ASSETS
CURRENT ASSETS
Restricted cash		94,935			-
Cash and cash equivalents	$	12,376		$	59,649
TOTAL ASSETS	$	107,311		$	59,649
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	4,900			-
Amount due to a director		21,201			16,000
TOTAL LIABILITIES		26,101			16,000
Commitments and contingencies
STOCKHOLDERS’ EQUITY
Preferred stock , $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding
Common stock , $ 0.0001 par value; 600,000,000 shares authorized; 28,993,750 and 28,930,000 shares issued and outstanding as of January 31, 2016 and April 30, 2015, respectively		2,899			2,893
Additional paid-in capital		93,951			42,957
Accumulated deficit		(15,640	)		(2,201	)
TOTAL STOCKHOLDERS’ EQUITY	$	81,210		$	43,649
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	107,311		$	59,649

See accompanying notes to the condensed consolidated financial statements.

F-1

GUSHEN, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE AND NINE MONTHS ENDED JANUARY 31, 2016

(Unaudited)

	Three Months Ended January 31, 2016			Nine Months Ended January 31, 2016
REVENUE	$	-		$	3,800
COST OF REVENUE		-			(1,800	)
GROSS PROFIT		-			2,000
OPERATING EXPENSES:
General and administrative		(4,343	)		(15,439	)
LOSS BEFORE INCOME TAX		(4,343	)		(13,439	)
Income tax expense		-			-
NET LOSS		(4,343	)		(13,439	)
Net loss per share, basic and diluted:	$	(0.00	)	$	(0.00	)
Weighted average number of common shares outstanding, basic and diluted		28,962,215			28,940,738

See accompanying notes to the condensed consolidated financial statements.

F-2

GUSHEN, INC.

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE NINE MONTHS ENDED JANUARY 31, 2016

(Unaudited)

	Nine Months Ended January 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(13,439	)
Adjustments to reconcile net loss to net cash used in operating activities
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities		4,900
Net cash used in operating activities		(8,539	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Change in restricted cash		(94,935	)
Net cash used in investing activities		(94,935	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Advances from a director		5,201
Proceeds from initial public offering		51,000
Net cash provided by financing activities		56,201
Net changes in cash and cash equivalents		(47,273	)
Cash and cash equivalents, beginning of period		59,649
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	12,376
SUPPLEMENTAL CASH FLOWS INFORMATION
Cash paid for income taxes	$	-
Cash paid for interest paid	$	-

See accompanying notes to the condensed consolidated financial statements.

F-3

GUSHEN, INC.

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY

FOR THE NINE MONTHS ENDED JANUARY 31, 2016

	COMMON STOCK				ADDITIONAL PAID-IN CAPITAL		ACCUMULATED DEFICIT			TOTAL EQUITY
	Number of shares		Amount
Balance as of April 30, 2015 (audited)		28,930,000	$	2,893	$	42,957	$	(2,201	)	$	43,649
Shares issued in initial public offering		63,750		6		50,994		-			51,000
Net loss for the period		-		-		-		(13,439	)		(13,439	)
Balance as of January 31, 2016 (Unaudited)		28,993,750		2,899		93,951		(15,640	)		81,210

See accompanying notes to the condensed consolidated financial statements.

F-4

GUSHEN, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED JANUARY 31, 2016

(Unaudited)

1. BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements have been prepared by management in accordance with both accounting principles generally accepted in the United States (“GAAP”), and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and note disclosures normally included in audited financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading.

In the opinion of management, the consolidated balance sheet as of April 30, 2015 which has been derived from audited financial statements and these unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary to state fairly the results for the periods presented. The results for the nine months ended January 31, 2016 are not necessarily indicative of the results to be expected for the entire fiscal year ending April 30, 2016 or any period thereafter.

These unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with the Management’s Discussion and the audited financial statements and notes thereto included in the Amendment No. 2 to Form S-1 for the period from March 9, 2015 (inception) to April 30, 2015.

2. ORGANIZATION AND BUSINESS BACKGROUND

Gushen, Inc. (the “Company”) was incorporated on March 9, 2015 in the state of Nevada. The Company is a development stage company with nominal operations. The principal activities of the Company is the provision of managerial assistance services including administrative and IT support services for small and medium enterprises (“SMEs”) in their early stage of operations through its subsidiary, Gushen Holding Limited, which incorporated in the Republic of Seychelles. The Company attempts to assist the SMEs which are recently established and at an early stage of operations, but will not participate in board of the SMEs or making business decision. The primary purpose behind focusing on providing services to companies at this early stage of development will be for the Company to establish and nurture long-term relationships with clients during their growth and development.

3. GOING CONCERN UNCERTAINTIES

The accompanying unaudited condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future.

As of January 31, 2016, the Company suffered an accumulated deficit of $15,640 and incurred a continuous net operating loss of $13,439 for the nine months ended January 31, 2016. Although the Company has generated revenues from its services, the Company’s cash position may not be significant enough to support the Company’s daily operations. The continuation of the Company as a going concern through April 30, 2016 is dependent upon improving the profitability and the continuing financial support from its stockholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due.

These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. These condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result in the Company not being able to continue as a going concern.

F-5

GUSHEN, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED JANUARY 31, 2016

(Unaudited)

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accompanying condensed consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying consolidated financial statements and notes.

Basis of presentation

The accompanying condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”).

Basis of consolidation

The condensed consolidated financial statements include the accounts of the Company and its subsidiary. All inter-company accounts and transactions have been eliminated in consolidation.

Use of estimates

Management uses estimates and assumptions in preparing these condensed consolidated financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheet, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.

Cash and cash equivalents

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

Revenue recognition

In accordance to Accounting Standard Codification Topic 605 “Revenue Recognition” (“ASC 605”), the Company recognizes revenue when the following four criteria are met: (1) delivery has occurred or services rendered; (2) persuasive evidence of an arrangement exists; (3) there are no continuing obligations to the customer; and (4) the collection of related accounts receivable is probable.

The Company derives its revenue from provision of IT consulting and support service based upon the customer’s specifications. The services are billed either on a fixed-fee basis or on a time-and-material basis. Generally, the Company recognizes revenue when services are performed and accepted by the customers.

F-6

GUSHEN, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED JANUARY 31, 2016

(Unaudited)

Cost of revenues

Cost of revenues represented the purchase costs of computer hardware for re-sale to customer.

Income taxes

Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC Topic 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

Foreign currencies translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations.

The reporting currency of the Company is United States Dollars (“US$”) and the accompanying condensed consolidated financial statements have been expressed in US$. In addition, the Company’s subsidiary in Seychelles maintains its books and record in Hong Kong Dollars (“HK$”), which is functional currency as being the primary currency of the economic environment in which the entity operates.

In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the statement of stockholders’ equity. The gains and losses are recorded as a separate component of accumulated other comprehensive income within the statement of stockholders’ equity.

Translation of amounts from HK$ into US$1 has been made at the following exchange rates for the respective periods:

	As of and for the nine months ended January 31, 2016
Period-end / average HK$ : US$1 exchange rate	7.75

F-7

GUSHEN, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED JANUARY 31, 2016

(Unaudited)

Related parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Fair value of financial instruments:

The carrying value of the Company's financial instruments: cash and cash equivalents and amount due to a director approximate at their fair values because of the short-term nature of these financial instruments.

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” ("ASC 820-10"), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

Level 1: Observable inputs such as quoted prices in active markets;

Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Recent accounting pronouncements

In May 2014, the FASB issued Accounting Standards Update No. 2014-09, "Revenue from Contracts with Customers" (“ASU 2014-09”). ASU 2014-09 supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605)”, and requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. In August 2015, the FASB issued an Accounting Standards Update to defer by one year the effective dates of its new revenue recognition standard until annual reporting periods beginning after December 15, 2017 (2018 for calendar-year public entities) and interim periods therein. Management is currently assessing the impact of the adoption of ASU 2014-09 and has not determined the effect of the standard on our ongoing financial reporting.

In August 2014, the FASB issued ASU 2014-15, "Presentation of Financial Statements - Going Concern, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern" (“ASU 2014-15”), which establishes management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and, if so, to provide related footnote disclosures. ASU 2014-15 provides a definition of the term "substantial doubt" and requires an assessment for a period of one year after the date that the financial statements are issued or available to be issued. Management will also be required to evaluate and disclose whether its plans alleviate that doubt. The guidance is effective for the annual periods ending after December 15, 2016 and interim periods thereafter with early adoption permitted. The Company is currently evaluating the impact of the adoption of ASU 2014-15 on the Company’s financial statement presentation and disclosures.

In July 2015, the FASB issued guidance to simplify the subsequent measurement of inventory. The standard requires most inventory to be measured at the lower of cost and net realizable value, thereby simplifying the current guidance under which inventory must be measured at the lower of cost or market (where market was defined as replacement cost, with a ceiling of net realizable value and floor of net realizable value less a normal profit margin). The standard is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early application is permitted. The Company does not expect a material impact to its consolidated financial statements due to the adoption of this guidance.

In November 2015, the FASB issued guidance to require that deferred income tax liabilities and assets be classified as noncurrent in a classified balance sheet, and eliminates the prior guidance which required an entity to separate deferred tax liabilities and assets into a current amount and a noncurrent amount in a classified balance sheet. The standard is effective for annual reporting periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted. Additionally, the new guidance may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The Company has not yet selected an adoption method and is currently evaluating the impact of adopting this guidance on its consolidated financial statements.

In January 2016, the FASB issued guidance that amends various aspects of the recognition, measurement, presentation, and disclosure for financial instruments. The standard generally requires companies to measure investments in other entities, except those accounted for under the equity method, at fair value and recognize any changes in fair value in net income. The standard is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted for various provisions of the standard. The Company does not expect a material impact to its consolidated financial statements due to the adoption of this guidance. 

F-8

GUSHEN, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED JANUARY 31, 2016

(Unaudited)

In February 2016, the FASB issued guidance that will require organizations that lease assets to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP, which requires only capital leases to be recognized on the balance sheet, the new guidance will require both types of leases to be recognized on the balance sheet. The standard is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect a material impact to its consolidated financial statements due to the adoption of this guidance.

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

5. RESTRICTED CASH

As of January 31, 2016, the Company had $94,935 (equivalent to HK$740,500) of restricted cash held in escrow with a designated consultancy company, Calvary Consultant Limited which incorporated in Hong Kong, being a deposit for the purchase of 100% of the issued and outstanding shares of Parkson International Finance Limited (“Parkson”), a company which incorporated in Hong Kong and has a money lenders license registered in Hong Kong. Pursuant to the sales & purchase agreement, the purchase consideration is $189,780 (equivalent to HK$1,481,000). The escrowed funds will be released upon (1) the Company has completed its due diligence on Parkson, (2) the change of the directors of Parkson, and (3) delivery of all the issued and outstanding shares of Parkson to the Company. All the escrowed funds shall return to the Company if the acquisition cannot be completed by the fiscal year ended April 30, 2016.

6. INCOME TAXES

For the nine months ended January 31, 2016, the local (United States) and foreign components of loss before income taxes were comprised of the following:

	Nine months ended
	January 31, 2016
Tax jurisdictions from:
- Local	$	(14,177	)
- Foreign, representing
Seychelles		738
Loss before income tax	$	(13,439	)

The provision for income taxes consisted of the following:

	Nine months ended
	January 31, 2016
Current:
- Local	$	-
- Foreign		-
Deferred:
- Local		-
- Foreign		-
Income tax expense	$	-

F-9

GUSHEN, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED JANUARY 31, 2016

(Unaudited)

The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company and its subsidiary that operate in various countries: United States and Seychelles that are subject to taxes in the jurisdictions in which they operate, as follows:

United States of America

The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of January 31, 2016, the operations in the United States of America incurred $14,956 of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss carryforwards begin to expire in 2035, if unutilized. The Company has provided for a full valuation allowance of $5,235 against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

Seychelles

Under the current laws of the Republic of Seychelles (“Seychelles”), Gushen Holding Limited is registered as an international business company which governs by the International Business Companies Act of Seychelles. A company is subject to Seychelles income tax if it does business in Seychelles. A company that incorporated in Seychelles, but does not do business in Seychelles, is not subject to income tax there. Gushen Holding Limited did not do business in Seychelles for the nine months ended January 31, 2016, and it does not intend to do business in Seychelles in the future.  For the nine months ended January 31, 2016, Gushen Holding Limited had a net operating income of $738.

7. AMOUNT DUE TO A DIRECTOR

As of January 31, 2016, the director of the Company advanced $21,201 to the Company, which is unsecured, interest-free and is payable upon demand, for working capital purpose. Imputed interest is considered insignificant.

8. CONCENTRATIONS OF RISKS

(a) Major customers

For the three months ended January 31, 2016, there was no customer who accounted for 10% or more of the Company’s revenues with no accounts receivable balance at period-end.

For the nine months ended January 31, 2016, there was one customer who accounted for 100% of the Company’s revenues with no accounts receivable balance at period-end.

(b) Major vendors

For the three months ended January 31, 2016, there was no vendor who accounted for 10% or more of the Company’s cost of revenues with no accounts payable balance at period-end.

For the nine months ended January 31, 2016, there was one vendor who accounted for 100% of the Company’s cost of revenues with accounts payable balance of $1,800 at period-end.

9. COMMITMENTS AND CONTINGENCIES

As of January 31, 2016, there were no commitments or contingencies involved.

10. SUBSEQUENT EVENTS

In accordance with ASC Topic 855, “Subsequent Events ”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after January 31, 2016 up through the date the Company presented this condensed consolidated financial statements. There was no subsequent event that required recognition or disclosure.

F-10

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The information contained in this quarter report on Form 10-Q is intended to update the information contained in our Form S-1 Amendment No.2, dated July 23, 2015, for the year ended April 30, 2015 and presumes that readers have access to, and will have read, the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other information contained in such Form S-1. The following discussion and analysis also should be read together with our consolidated financial statements and the notes to the consolidated financial statements included elsewhere in this Form 10-Q.

The following discussion contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements appear in a number of places in this Report, including, without limitation, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” These statements are not guarantees of future performance and involve risks, uncertainties and requirements that are difficult to predict or are beyond our control. Forward-looking statements speak only as of the date of this quarterly report. You should not put undue reliance on any forward-looking statements. We strongly encourage investors to carefully read the factors described in our Form S-1 Amendment No.2, dated July 23, 2015, 2015 in the section entitled “Risk Factors” for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. We assume no responsibility to update the forward-looking statements contained in this transition report on Form 10-Q. The following should also be read in conjunction with the unaudited Condensed Consolidated Financial Statements and notes thereto that appear elsewhere in this report.

Company Overview

Gushen, Inc. (the “Company”) was incorporated under the laws of the State of Nevada on March 9, 2015. Gushen is a development stage company that intends to provide managerial and IT support to start-ups companies as well as small and medium enterprises (“SMEs”) to assist them in their early stages of operations as they expand and grow their own company.

Gushen Inc. is a holding company which operates exclusively through its wholly owned subsidiary, Gushen Holding Limited. Gushen Holding Limited was incorporated in the Republic of Seychelles, however at this time any and all physical operations take place in Hong Kong. Gushen Inc. shares the same business plan as Gushen Holding Limited and any reference to one or the other is synonymous when referencing the business plan or plan of operations.

Gushen attempts to assist companies that are just getting off the ground and that are at an early stage of operations, but will not rule out business that are a little further along. The primary purpose behind focusing on companies at this early stage of development will be for Gushen, Inc. to establish and nurture long-term lasting relationships with our clients as they grow and develop. Gushen will initially target companies located in Hong Kong.

As mentioned in our Form S-1, the Company intends to assist any future clients through various methods beyond just capital support, although that may be included. In order to provide capital support for SMEs in Hong Kong, the Company is planning to acquire a company with a money lenders license registered in Hong Kong. The licensing of money lenders and regulation of money-lending transactions are governed by the Money Lenders Ordinance, Chapter 163 of the Laws of Hong Kong.

Results of Operation

For the three months period ended January 31, 2016 and the nine months period ended January 31, 2016

Revenues

We have revenues of $0 and $3,800 for the three and nine months ended January 31, 2016, respectively. The revenue mainly represented the provision of IT consulting and support service based upon the customer’s specifications.

General and administrative expenses

We incurred a total of $4,343 and $15,439 general and administrative expenses for the three and nine months ended January 31, 2016, respectively. The general and administrative expenses are mainly comprised of Form 10-Q review fee . The Company expects operating expenses to increase when it starts to commence business operations.

Net loss

For the three and nine months ended January 31, 2016, we incurred a total net loss of $4,343 and $13,439, respectively. The net loss mainly derived from the general and administrative expenses incurred.

- 3 -

Liquidity and Capital Resources

Cash Used In Operating Activities

For the nine months ended January 31, 2016, the net cash used in operating activities was $8,539 comprising of net loss of $13,439 and increase in accounts payable and accrued liabilities of $4,900.

Cash Used In Investing Activities

For the nine months ended January 31, 2016, the net cash used in investing activities was $94,935 comprising of change in restricted cash for business acquisition.

Cash Provided by Financing Activities

For the nine months ended January 31, 2016, the net cash provided by financing activities was $56,201 which comprised of advances from a director of $5,201 and the proceeds from initial public offering of $51,000. 

As of January 31, 2016, we had total current assets and total current liabilities of $107,311 and $26,101, respectively with a positive working capital of $81,210.

As of February 2, 2016, the Company announced the completion of the public offering, whereby it sold 88,750 common shares at $0.8 per share for total gross proceeds of $71,000.

Going Concern

As of January 31, 2016, the Company suffered an accumulated deficit of $15,640 and incurred a continuous net operating loss of $13,439 for the nine months ended January 31, 2016.These matters raise substantial doubt about our ability to continue as a going concern. Our unaudited condensed consolidated financial statements included elsewhere in this report have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate our continuation as a going concern and the realization of assets and satisfaction of liabilities in the normal course of business. The carrying amounts of assets and liabilities presented in the condensed consolidated financial statements do not necessarily purport to represent realizable or settlement values. The condensed consolidated financial statements do not include any adjustment that might result from the outcome of this uncertainty

Off-balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to our stockholders as of January 31, 2016.

- 4 -

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.

Evaluation of Disclosure Controls and Procedures:

We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of January 31, 2016. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of January 31, 2016, our disclosure controls and procedures were not effective due to the presence of material weaknesses in internal control over financial reporting.

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis. Management has identified the following material weaknesses which have caused management to conclude that, as of January 31, 2016, our disclosure controls and procedures were not effective: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines.

Changes in Internal Control over Financial Reporting:

There were no changes in our internal control over financial reporting during the quarter ending January 31, 2016, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

- 5 -

PART II -- OTHER INFORMATION

Item 1. Legal Proceedings

We know of no materials, active or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceedings or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any beneficial shareholder are an adverse party or has a material interest adverse to us.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None

The above referenced issuances of the Company’s securities were not registered under the Securities Act of 1933, and we relied on exemptions pursuant to Regulation S promulgated under the Securities Act of 1933 for such issuance.

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information.

None.

ITEM 6. Exhibits

10.1	Form of Subscription Agreement for the aggregate offering of 2,000,000 shares of common stock (incorporated by reference herein to Exhibit 99.1 to the Company’s Registration Statement on Form S-1 Amendment No.2 filed with the SEC on July 23, 2015)
31.1	Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer
32.1	Section 1350 Certification of principal executive officer

- 6 -

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.

	GUSHEN, INC.
	(Name of Registrant)
Date: March 8, 2016	By:	/s/ Huang Pin Lung
	Title:	Chief Executive Officer, President,
		Secretary, Treasurer, Director (Principal
		Executive Officer, Principal Financial Officer, Principal Accounting Officer)
Date: March 8, 2016	By:	/s/ Cheung Yat Kit
	Title:	Director

-7- 

EX-31.1

EXHIBIT 31.1

 CERTIFICATION

I, HUANG PIN LUNG, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Gushen, Inc. (the “Company”) for the quarter ended January 31, 2016;
2.	Based on my knowledge, this quarterly 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 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 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 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.

Date: March 8, 2016	By:	/s/ Huang Pin Lung
		HUANG PIN LUNG
		Chief Executive Officer, President, Secretary,
		Treasurer, Director (Principal Executive Officer,
		Principal Financial Officer, Principal Accounting 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 Gushen, Inc. (the “Company”) on Form 10-Q for the period ending January 31, 2016 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), The undersigned hereby certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

(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: March 8, 2016	By:	/s/ Huang Pin Lung
		HUANG PIN LUNG
		Chief Executive Officer, President, Secretary, Treasurer, Director (Principal Executive Officer,
		Principal Financial Officer, Principal Accounting Officer)

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Document and Entity Information	9 Months Ended
	Jan. 31, 2016 shares
Document and Entity Information [Abstract]
Entity Registrant Name	Gushen, Inc
Entity Central Index Key	0001639327
Amendment Flag	false
Current Fiscal Year End Date	--04-30
Document Type	10-Q
Document Period End Date	Jan. 31, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q3
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	28,993,750

XML

Condensed Consolidated Balance Sheets - USD ($)	Jan. 31, 2016	Apr. 30, 2015
CURRENT ASSETS
Restricted cash	$ 94,935
Cash and cash equivalents	12,376	$ 59,649
TOTAL ASSETS	107,311	$ 59,649
CURRENT LIABILITIES
Accounts payable and accrued liabilities	4,900
Amount due to a director	21,201	$ 16,000
TOTAL LIABILITIES	$ 26,101	$ 16,000
Commitments and contingencies
STOCKHOLDERS' EQUITY
Preferred stock , $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding
Common stock , $ 0.0001 par value; 600,000,000 shares authorized; 28,993,750 and 28,930,000 shares issued and outstanding as of January 31, 2016 and April 30, 2015, respectively	$ 2,899	$ 2,893
Additional paid-in capital	93,951	42,957
Accumulated deficit	(15,640)	(2,201)
TOTAL STOCKHOLDERS EQUITY	81,210	43,649
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	$ 107,311	$ 59,649

XML

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jan. 31, 2016	Apr. 30, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	28,993,750	28,930,000
Common stock, shares outstanding	28,993,750	28,930,000

XML

Condensed Consolidated Statement of Operations (Unaudited) - USD ($)	3 Months Ended	9 Months Ended
	Jan. 31, 2016	Jan. 31, 2016
Income Statement [Abstract]
REVENUE		$ 3,800
COST OF REVENUE		(1,800)
GROSS PROFIT		2,000
OPERATING EXPENSES:
General and administrative	$ (4,343)	(15,439)
LOSS BEFORE INCOME TAX	$ (4,343)	$ (13,439)
Income tax expense
NET LOSS	$ (4,343)	$ (13,439)
Net loss per share, basic and diluted:	$ 0.00	$ 0.00
Weighted average number of common shares outstanding, basic and diluted	28,962,215	28,940,738

XML

Condensed Consolidated Statement of Cash Flows (Unaudited)	9 Months Ended
	Jan. 31, 2016 USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (13,439)
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	4,900
Net cash used in operating activities	(8,539)
CASH FLOWS FROM INVESTING ACTIVITIES:
Change in restricted cash	(94,935)
Net cash used in investing activities	(94,935)
CASH FLOWS FROM FINANCING ACTIVITIES:
Advances from a director	5,201
Proceeds from initial public offering	51,000
Net cash provided by financing activities	56,201
Net changes in cash and cash equivalents	(47,273)
Cash and cash equivalents, beginning of period	59,649
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 12,376
SUPPLEMENTAL CASH FLOWS INFORMATION
Cash paid for income taxes
Cash paid for interest paid

XML

Condensed Consolidated Statement of Changes in Stockholders' Equity - 9 months ended Jan. 31, 2016 - USD ($)	Total	COMMON STOCK	ADDITIONAL PAID-IN CAPITAL	ACCUMULATED DEFICIT
Beginning balance at Apr. 30, 2015	$ 43,649	$ 2,893	$ 42,957	$ (2,201)
Beginning balance, shares at Apr. 30, 2015		28,930,000
Shares issued in initial public offering		$ 63,750
Shares issued in initial public offering, shares		6
Net loss for the period	$ (13,439)			$ (13,439)
Ending balance at Jan. 31, 2016	$ 81,210	$ 2,899	$ 93,951	$ (15,640)
Ending balance, shares at Jan. 31, 2016		28,993,750

XML

Basis of Presentation

9 Months Ended

Jan. 31, 2016

Basis of Presentation [Abstract]

BASIS OF PRESENTATION

1. BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements have been prepared by management in accordance with both accounting principles generally accepted in the United States (“GAAP”), and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and note disclosures normally included in audited financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading.

In the opinion of management, the consolidated balance sheet as of April 30, 2015 which has been derived from audited financial statements and these unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary to state fairly the results for the periods presented. The results for the nine months ended January 31, 2016 are not necessarily indicative of the results to be expected for the entire fiscal year ending April 30, 2016 or any period thereafter.

These unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with the Management’s Discussion and the audited financial statements and notes thereto included in the Amendment No. 2 to Form S-1 for the period from March 9, 2015 (inception) to April 30, 2015.

XML

Organization and Business Background

9 Months Ended

Jan. 31, 2016

Organization and Business Background [Abstract]

ORGANIZATION AND BUSINESS BACKGROUND

2. ORGANIZATION AND BUSINESS BACKGROUND

Gushen, Inc. (the “Company”) was incorporated on March 9, 2015 in the state of Nevada. The Company is a development stage company with nominal operations. The principal activities of the Company is the provision of managerial assistance services including administrative and IT support services for small and medium enterprises (“SMEs”) in their early stage of operations through its subsidiary, Gushen Holding Limited, which incorporated in the Republic of Seychelles. The Company attempts to assist the SMEs which are recently established and at an early stage of operations, but will not participate in board of the SMEs or making business decision. The primary purpose behind focusing on providing services to companies at this early stage of development will be for the Company to establish and nurture long-term relationships with clients during their growth and development.

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Going Concern Uncertainties

9 Months Ended

Jan. 31, 2016

Going Concern Uncertainties [Abstract]

GOING CONCERN UNCERTAINTIES

3. GOING CONCERN UNCERTAINTIES

The accompanying unaudited condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future.

As of January 31, 2016, the Company suffered an accumulated deficit of $15,640 and incurred a continuous net operating loss of $13,439 for the nine months ended January 31, 2016. Although the Company has generated revenues from its services, the Company’s cash position may not be significant enough to support the Company’s daily operations. The continuation of the Company as a going concern through April 30, 2016 is dependent upon improving the profitability and the continuing financial support from its stockholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due.

These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. These condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result in the Company not being able to continue as a going concern.

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Summary of Significant Accounting Policies

9 Months Ended

Jan. 31, 2016

Summary of Significant Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accompanying condensed consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying consolidated financial statements and notes.

Basis of presentation

The accompanying condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”).

Basis of consolidation

The condensed consolidated financial statements include the accounts of the Company and its subsidiary. All inter-company accounts and transactions have been eliminated in consolidation.

Use of estimates

Management uses estimates and assumptions in preparing these condensed consolidated financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheet, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.

Cash and cash equivalents

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

Revenue recognition

In accordance to Accounting Standard Codification Topic 605 “Revenue Recognition” (“ASC 605”), the Company recognizes revenue when the following four criteria are met: (1) delivery has occurred or services rendered; (2) persuasive evidence of an arrangement exists; (3) there are no continuing obligations to the customer; and (4) the collection of related accounts receivable is probable.

The Company derives its revenue from provision of IT consulting and support service based upon the customer’s specifications. The services are billed either on a fixed-fee basis or on a time-and-material basis. Generally, the Company recognizes revenue when services are performed and accepted by the customers.

Cost of revenues

Cost of revenues represented the purchase costs of computer hardware for re-sale to customer.

Income taxes

Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC Topic 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

Foreign currencies translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations.

The reporting currency of the Company is United States Dollars (“US$”) and the accompanying condensed consolidated financial statements have been expressed in US$. In addition, the Company’s subsidiary in Seychelles maintains its books and record in Hong Kong Dollars (“HK$”), which is functional currency as being the primary currency of the economic environment in which the entity operates.

In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the statement of stockholders’ equity. The gains and losses are recorded as a separate component of accumulated other comprehensive income within the statement of stockholders’ equity.

Translation of amounts from HK$ into US$1 has been made at the following exchange rates for the respective periods:

	As of and for the nine months ended January 31,  2016
Period-end / average HK$ : US$1 exchange rate	7.75

Related parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Fair value of financial instruments:

The carrying value of the Company's financial instruments: cash and cash equivalents and amount due to a director approximate at their fair values because of the short-term nature of these financial instruments.

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” ("ASC 820-10"), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

Level 1: Observable inputs such as quoted prices in active markets;

Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Recent accounting pronouncements

In May 2014, the FASB issued Accounting Standards Update No. 2014-09, "Revenue from Contracts with Customers" (“ASU 2014-09”). ASU 2014-09 supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605)”, and requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. In August 2015, the FASB issued an Accounting Standards Update to defer by one year the effective dates of its new revenue recognition standard until annual reporting periods beginning after December 15, 2017 (2018 for calendar-year public entities) and interim periods therein. Management is currently assessing the impact of the adoption of ASU 2014-09 and has not determined the effect of the standard on our ongoing financial reporting.

In August 2014, the FASB issued ASU 2014-15, "Presentation of Financial Statements - Going Concern, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern" (“ASU 2014-15”), which establishes management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and, if so, to provide related footnote disclosures. ASU 2014-15 provides a definition of the term "substantial doubt" and requires an assessment for a period of one year after the date that the financial statements are issued or available to be issued. Management will also be required to evaluate and disclose whether its plans alleviate that doubt. The guidance is effective for the annual periods ending after December 15, 2016 and interim periods thereafter with early adoption permitted. The Company is currently evaluating the impact of the adoption of ASU 2014-15 on the Company’s financial statement presentation and disclosures.

In July 2015, the FASB issued guidance to simplify the subsequent measurement of inventory. The standard requires most inventory to be measured at the lower of cost and net realizable value, thereby simplifying the current guidance under which inventory must be measured at the lower of cost or market (where market was defined as replacement cost, with a ceiling of net realizable value and floor of net realizable value less a normal profit margin). The standard is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early application is permitted. The Company does not expect a material impact to its consolidated financial statements due to the adoption of this guidance.

In November 2015, the FASB issued guidance to require that deferred income tax liabilities and assets be classified as noncurrent in a classified balance sheet, and eliminates the prior guidance which required an entity to separate deferred tax liabilities and assets into a current amount and a noncurrent amount in a classified balance sheet. The standard is effective for annual reporting periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted. Additionally, the new guidance may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The Company has not yet selected an adoption method and is currently evaluating the impact of adopting this guidance on its consolidated financial statements.

In January 2016, the FASB issued guidance that amends various aspects of the recognition, measurement, presentation, and disclosure for financial instruments. The standard generally requires companies to measure investments in other entities, except those accounted for under the equity method, at fair value and recognize any changes in fair value in net income. The standard is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted for various provisions of the standard. The Company does not expect a material impact to its consolidated financial statements due to the adoption of this guidance. 

In February 2016, the FASB issued guidance that will require organizations that lease assets to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP, which requires only capital leases to be recognized on the balance sheet, the new guidance will require both types of leases to be recognized on the balance sheet. The standard is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect a material impact to its consolidated financial statements due to the adoption of this guidance.

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

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Restricted Cash

9 Months Ended

Jan. 31, 2016

Restricted Cash [Abstract]

RESTRICTED CASH

5. RESTRICTED CASH

As of January 31, 2016, the Company had $94,935 (equivalent to HK$740,500) of restricted cash held in escrow with a designated consultancy company, Calvary Consultant Limited which incorporated in Hong Kong, being a deposit for the purchase of 100% of the issued and outstanding shares of Parkson International Finance Limited (“Parkson”), a company which incorporated in Hong Kong and has a money lenders license registered in Hong Kong. Pursuant to the sales & purchase agreement, the purchase consideration is $189,780 (equivalent to HK$1,481,000). The escrowed funds will be released upon (1) the Company has completed its due diligence on Parkson, (2) the change of the directors of Parkson, and (3) delivery of all the issued and outstanding shares of Parkson to the Company. All the escrowed funds shall return to the Company if the acquisition cannot be completed by the fiscal year ended April 30, 2016.

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Income Taxes

9 Months Ended

Jan. 31, 2016

Income Taxes [Abstract]

INCOME TAXES

6. INCOME TAXES

For the nine months ended January 31, 2016, the local (United States) and foreign components of loss before income taxes were comprised of the following:

	Nine months ended
	January 31, 2016
Tax jurisdictions from:
- Local	$	(14,177	)
- Foreign, representing
Seychelles		738
Loss before income tax	$	(13,439	)

The provision for income taxes consisted of the following:

	Nine months ended
	January 31, 2016
Current:
- Local	$	-
- Foreign		-
Deferred:
- Local		-
- Foreign		-
Income tax expense	$	-

The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company and its subsidiary that operate in various countries: United States and Seychelles that are subject to taxes in the jurisdictions in which they operate, as follows:

United States of America

The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of January 31, 2016, the operations in the United States of America incurred $14,956 of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss carryforwards begin to expire in 2035, if unutilized. The Company has provided for a full valuation allowance of $5,235 against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

Seychelles

Under the current laws of the Republic of Seychelles (“Seychelles”), Gushen Holding Limited is registered as an international business company which governs by the International Business Companies Act of Seychelles. A company is subject to Seychelles income tax if it does business in Seychelles. A company that incorporated in Seychelles, but does not do business in Seychelles, is not subject to income tax there. Gushen Holding Limited did not do business in Seychelles for the nine months ended January 31, 2016, and it does not intend to do business in Seychelles in the future.  For the nine months ended January 31, 2016, Gushen Holding Limited had a net operating income of $738.

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Amount Due to a Director

9 Months Ended

Jan. 31, 2016

Amount Due to a Director [Abstract]

AMOUNT DUE TO A DIRECTOR

7. AMOUNT DUE TO A DIRECTOR

As of January 31, 2016, the director of the Company advanced $21,201 to the Company, which is unsecured, interest-free and is payable upon demand, for working capital purpose. Imputed interest is considered insignificant.

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Concentrations of Risks

9 Months Ended

Jan. 31, 2016

Concentrations of Risks [Abstract]

CONCENTRATIONS OF RISKS

8. CONCENTRATIONS OF RISKS

(a) Major customers

For the three months ended January 31, 2016, there was no customer who accounted for 10% or more of the Company’s revenues with no accounts receivable balance at period-end.

For the nine months ended January 31, 2016, there was one customer who accounted for 100% of the Company’s revenues with no accounts receivable balance at period-end.

(b) Major vendors

For the three months ended January 31, 2016, there was no vendor who accounted for 10% or more of the Company’s cost of revenues with no accounts payable balance at period-end.

For the nine months ended January 31, 2016, there was one vendor who accounted for 100% of the Company’s cost of revenues with accounts payable balance of $1,800 at period-end.

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Commitments and Contingencies

9 Months Ended

Jan. 31, 2016

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

9. COMMITMENTS AND CONTINGENCIES

As of January 31, 2016, there were no commitments or contingencies involved.

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Subsequent Events

9 Months Ended

Jan. 31, 2016

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

10. SUBSEQUENT EVENTS

In accordance with ASC Topic 855, “Subsequent Events ”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after January 31, 2016 up through the date the Company presented this condensed consolidated financial statements. There was no subsequent event that required recognition or disclosure.

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Summary of Significant Accounting Policies (Policies)

9 Months Ended

Jan. 31, 2016

Summary of Significant Accounting Policies [Abstract]

Basis of presentation

Basis of presentation

The accompanying condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”).

Basis of consolidation

Basis of consolidation

The condensed consolidated financial statements include the accounts of the Company and its subsidiary. All inter-company accounts and transactions have been eliminated in consolidation.

Use of estimates

Use of estimates

Management uses estimates and assumptions in preparing these condensed consolidated financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheet, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.

Cash and cash equivalents

Cash and cash equivalents

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

Revenue recognition

Revenue recognition

In accordance to Accounting Standard Codification Topic 605 “Revenue Recognition” (“ASC 605”), the Company recognizes revenue when the following four criteria are met: (1) delivery has occurred or services rendered; (2) persuasive evidence of an arrangement exists; (3) there are no continuing obligations to the customer; and (4) the collection of related accounts receivable is probable.

The Company derives its revenue from provision of IT consulting and support service based upon the customer’s specifications. The services are billed either on a fixed-fee basis or on a time-and-material basis. Generally, the Company recognizes revenue when services are performed and accepted by the customers.

Cost of revenues

Cost of revenues

Cost of revenues represented the purchase costs of computer hardware for re-sale to customer.

Income taxes

Income taxes

Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC Topic 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

Foreign currencies translation

Foreign currencies translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations.

The reporting currency of the Company is United States Dollars (“US$”) and the accompanying condensed consolidated financial statements have been expressed in US$. In addition, the Company’s subsidiary in Seychelles maintains its books and record in Hong Kong Dollars (“HK$”), which is functional currency as being the primary currency of the economic environment in which the entity operates.

In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the statement of stockholders’ equity. The gains and losses are recorded as a separate component of accumulated other comprehensive income within the statement of stockholders’ equity.

Translation of amounts from HK$ into US$1 has been made at the following exchange rates for the respective periods:

	As of and for the nine months ended January 31,  2016
Period-end / average HK$ : US$1 exchange rate	7.75

Related parties

Related parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Fair value of financial instruments:

Fair value of financial instruments:

The carrying value of the Company's financial instruments: cash and cash equivalents and amount due to a director approximate at their fair values because of the short-term nature of these financial instruments.

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” ("ASC 820-10"), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

Level 1: Observable inputs such as quoted prices in active markets;

Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Recent accounting pronouncements

Recent accounting pronouncements

In May 2014, the FASB issued Accounting Standards Update No. 2014-09, "Revenue from Contracts with Customers" (“ASU 2014-09”). ASU 2014-09 supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605)”, and requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. In August 2015, the FASB issued an Accounting Standards Update to defer by one year the effective dates of its new revenue recognition standard until annual reporting periods beginning after December 15, 2017 (2018 for calendar-year public entities) and interim periods therein. Management is currently assessing the impact of the adoption of ASU 2014-09 and has not determined the effect of the standard on our ongoing financial reporting.

In August 2014, the FASB issued ASU 2014-15, "Presentation of Financial Statements - Going Concern, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern" (“ASU 2014-15”), which establishes management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and, if so, to provide related footnote disclosures. ASU 2014-15 provides a definition of the term "substantial doubt" and requires an assessment for a period of one year after the date that the financial statements are issued or available to be issued. Management will also be required to evaluate and disclose whether its plans alleviate that doubt. The guidance is effective for the annual periods ending after December 15, 2016 and interim periods thereafter with early adoption permitted. The Company is currently evaluating the impact of the adoption of ASU 2014-15 on the Company’s financial statement presentation and disclosures.

In July 2015, the FASB issued guidance to simplify the subsequent measurement of inventory. The standard requires most inventory to be measured at the lower of cost and net realizable value, thereby simplifying the current guidance under which inventory must be measured at the lower of cost or market (where market was defined as replacement cost, with a ceiling of net realizable value and floor of net realizable value less a normal profit margin). The standard is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early application is permitted. The Company does not expect a material impact to its consolidated financial statements due to the adoption of this guidance.

In November 2015, the FASB issued guidance to require that deferred income tax liabilities and assets be classified as noncurrent in a classified balance sheet, and eliminates the prior guidance which required an entity to separate deferred tax liabilities and assets into a current amount and a noncurrent amount in a classified balance sheet. The standard is effective for annual reporting periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted. Additionally, the new guidance may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The Company has not yet selected an adoption method and is currently evaluating the impact of adopting this guidance on its consolidated financial statements.

In January 2016, the FASB issued guidance that amends various aspects of the recognition, measurement, presentation, and disclosure for financial instruments. The standard generally requires companies to measure investments in other entities, except those accounted for under the equity method, at fair value and recognize any changes in fair value in net income. The standard is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted for various provisions of the standard. The Company does not expect a material impact to its consolidated financial statements due to the adoption of this guidance. 

In February 2016, the FASB issued guidance that will require organizations that lease assets to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP, which requires only capital leases to be recognized on the balance sheet, the new guidance will require both types of leases to be recognized on the balance sheet. The standard is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect a material impact to its consolidated financial statements due to the adoption of this guidance.

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Jan. 31, 2016

Summary of Significant Accounting Policies [Abstract]

Schedule of exchange rates for the respective periods

	As of and for the nine months ended January 31,  2016
Period-end / average HK$ : US$1 exchange rate	7.75

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Income Taxes (Tables)

9 Months Ended

Jan. 31, 2016

Income Taxes [Abstract]

Schedule of local and foreign components of loss before income taxes

	Nine months ended
	January 31, 2016
Tax jurisdictions from:
- Local	$	(14,177	)
- Foreign, representing
Seychelles		738
Loss before income tax	$	(13,439	)

Schedule of provision for income taxes

	Nine months ended
	January 31, 2016
Current:
- Local	$	-
- Foreign		-
Deferred:
- Local		-
- Foreign		-
Income tax expense	$	-

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Going Concern Uncertainties (Details) - USD ($)	3 Months Ended	9 Months Ended
	Jan. 31, 2016	Jan. 31, 2016	Apr. 30, 2015
Going Concern Uncertainties (Textual)
Accumulated deficit	$ (15,640)	$ (15,640)	$ (2,201)
Net loss for the period	$ (4,343)	$ (13,439)

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Summary of Significant Accounting Policies (Details)	Jan. 31, 2016
Schedule of exchange rates for the respective periods
Period-end / average HK$ : US$1 exchange rate	7.75

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Summary of Significant Accounting Policies (Details Textual)	9 Months Ended
	Jan. 31, 2016
Summary of Significant Accounting Policies (Textual)
Tax benefit, Description	Greater than 50%.
Translation of amounts, Description	HK$ into US$1.

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Restricted Cash (Details)	9 Months Ended
	Jan. 31, 2016 USD ($)	Jan. 31, 2016 HKD	Jan. 31, 2016 HKD	Apr. 30, 2015 USD ($)
Restricted Cash (Textual)
Restricted cash	$ 94,935
Restricted cash, description	Restricted cash held in escrow with a designated consultancy company, Calvary Consultant Limited which incorporated in Hong Kong, being a deposit for the purchase of 100% of the issued and outstanding shares of Parkson International Finance Limited ("Parkson"),	Restricted cash held in escrow with a designated consultancy company, Calvary Consultant Limited which incorporated in Hong Kong, being a deposit for the purchase of 100% of the issued and outstanding shares of Parkson International Finance Limited ("Parkson"),
Amount of purchase consideration	$ 189,780	HKD 1,481,000
Restricted Cash [Member]
Restricted Cash (Textual)
Restricted cash	$ 94,935		HKD 740,500

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Income Taxes (Details) - USD ($)	3 Months Ended	9 Months Ended
	Jan. 31, 2016	Jan. 31, 2016
Tax jurisdictions from:
Local		$ (14,177)
Foreign, representing Seychelles		738
Loss before income tax	$ (4,343)	$ (13,439)

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Income Taxes (Details 1) - USD ($)	3 Months Ended	9 Months Ended
	Jan. 31, 2016	Jan. 31, 2016
Current:
Local
Foreign
Deferred:
Local
Foreign
Income tax expense

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Income Taxes (Details Textual)	9 Months Ended
	Jan. 31, 2016 USD ($)
Income Taxes (Textual)
Cumulative net operating losses	$ 14,956
Operating loss carryforwards expiration date	Expire in 2035
Deferred tax assets valuation allowance	$ 5,235
Net operating loss Seychelles	$ 738

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Amount Due to a Director (Details) - USD ($)	Jan. 31, 2016	Apr. 30, 2015
Amount Due to a Director (Textual)
Advance due to a director	$ 21,201	$ 16,000

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Concentrations of Risks (Details)	3 Months Ended	9 Months Ended
	Jan. 31, 2016 USD ($) Customer Vendor	Jan. 31, 2016 USD ($) Customer Vendor
Accounts receivable [Member]
Concentrations of Risks (Textual)
Number of customer | Customer	1	1
Concentration risk, Percentage	10.00%	100.00%
Account receivable balance
Accounts payable [Member]
Concentrations of Risks (Textual)
Concentration risk, Percentage	10.00%	100.00%
Number of vendor | Vendor	1	1
Accounts payable balance	$ 1,800	$ 1,800