10-Q

UNITED STATES

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 quarter ended: September 30, 2019

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: 333-222829

EXENT CORP.

(Exact name of registrant as specified in its charter)

Nevada

(State or Other Jurisdiction of Incorporation or Organization)

35-2611667 IRS Employer Identification Number   3444 Primary Standard Industrial Classification Code Number

Exent Corp.

Stroitelnaya str. 9-1, Ivanovka

Chui region, Kyrgyzstan 72000

Tel. +996555158151

(Address and telephone number of principal executive offices)

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 past 12 months, 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 filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer”, “non-accelerated filer”, “emerging growth company” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer Accelerated filer Non-accelerated filer X Emerging growth company X Smaller reporting company X

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. YES [ ] NO [ X ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [  ] No [X] .

As of November 5, 2019, there were 2,027,000 shares outstanding of the registrant’s common stock.

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		Page
PART I	FINANCIAL INFORMATION:
Item 1.	Financial Statements	3
	Balance Sheets as of September 30, 2019 (unaudited) and December 31, 2018	4
	Statements of Operations for the three and nine month periods ended September 30, 2019 and 2018 (unaudited)	5
	Statements of changes in stockholders’ equity for the three and nine months ended September 30, 2019 and 2018 (unaudited)	6
	Statements of Cash Flows for the nine months ended September 30, 2019 and 2018 (unaudited)	7
	Notes to the Financial Statements (unaudited)	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	11
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	13
Item 4.	Controls and Procedures	13
PART II	OTHER INFORMATION:
Item 1.	Legal Proceedings	14
Item 1A	Risk Factors	14
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	14
Item 3.	Defaults Upon Senior Securities	14
Item 4.	Mine Safety Disclosure.	14
Item 5.	Other Information	14
Item 6.	Exhibits	14
	Signatures	15

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PART I – FINANCIAL INFORMATION

Item 1. Financial statements

The accompanying interim financial statements of EXENT CORP. (the “Company”), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted principles have been condensed or omitted pursuant to such rules and regulations.

In the opinion of management, the financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, statements of changes in stockholders’ equity and cash flows of the Company for the interim periods presented.

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EXENT CORP. BALANCE SHEETS
		September 30, 2019 (Unaudited)	December 31, 2018 (Audited)
ASSETS
Current Assets
	Cash	$        2,506	$        3,030
	Prepaid expenses	747	-
	Total Current assets	3,253	3,030
Capital Assets
	Equipment, net of depreciation	4,850	21,254
	Total Capital assets	4,850	21,254
Total Assets		$      8,103	$       24,284
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current  Liabilities
	Loan from related parties	$      24,207	$           23,863
	Accounts Payable	-	2,198
Total Liabilities		24,207	26,061
Commitments and Contingencies		-	-
Stockholders’ Equity
	Common stock, $0.001 par value, 75,000,000 shares authorized;
	2,027,000 and 2,027,000 shares issued and outstanding as of September 30, 2019 and December 31, 2018 respectively	2,027	2,027
	Additional paid-in-capital	25,823	25,823
	Accumulated Deficit	(43,954)	(29,627)
Total Stockholders’ Equity		(16,104)	(1,777)
Total Liabilities and Stockholders’ Equity		$  8,103	$        24,284

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

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EXENT CORP. STATEMENTS OF OPERATIONS (Unaudited)
	For the three months ended September 30, 2019	For the three months ended September 30, 2018	For the nine months ended September 30, 2019	For the nine months ended September 30, 2018
Revenue	$            -	$                 3,678	$                -	$               8,694
Cost of sales	-	1,735	-	4,100
Gross profit	-	1,943	-	4,594
Operating expenses
Professional fees	$              2,000	$                  7,400	$  8,450	15,350
Rent	-	1,050	1,750	1,750
DTC eligibility	-	8,500	-	8,500
General and administrative expenses	1,101	2,376	4,127	3,964
Net loss from operations	(3,101)	(17,383)	(14,327)	(24,970)
Loss before taxes	(3,101)	(17,383)	(14,327)	(24,970)
Provision for taxes	-	-	-	-
Net loss	$       (3,101)	$                (17,383)	$      (14,327)	$   (24,970)
Loss per common share: Basic and Diluted	$          (0.00)	$                (0.01)	$        (0.01)	$   (0.01)
Weighted Average Number of Common Shares  Outstanding: Basic and Diluted	2,027,000	2,027,000	2,027,000	1,732,113

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

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EXENT CORP. STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2019 AND 2018 (UNAUDITED)
	Number of Common Shares	Amount	Additional Paid-in- Capital	Deficit accumulated	Total
Balances as of December 31, 2017	1,500,000	$   1,500	$            -	$      (224)	$     1,276
Net loss for three months ended March 31, 2018	-			(6,823)	(6,823)
Balances as of March 31, 2018	1,500,000	$1,500	$            -	$    (7,047)	$   (5,547)
Common Shares issued for cash at $0.05 per share	527,000	527	25,823	-	26,350
Net loss for three months ended June 30, 2018	-	-	-	(764)	(764)
Balances as of June 30, 2018	2,027,000	2,027	$ 25,823	$   (7,811)	$   20,039
Net loss for three months ended September 30, 2018	-	-	-	(17,383)	(17,383)
Balances as of September 30, 2018	2,027,000	2,027	$ 25,823	$   (25,194)	$   2,656
Net loss for three months ended December 31, 2018	-	-	-	(4,433)	(4,433)
Balances as of December 31, 2018	2,027,000	$  2,027	$   25,823	$   (29,627)	$   (1,777)
Net loss for three months ended March 31, 2019	-	-	-	(6,649)	(6,649)
Balances as of March 31, 2019	2,027,000	$  2,027	$   25,823	$   (36,276)	$   (8,426)
Net loss for three months ended June 30, 2019	-	-	-	(4,577)	(4,577)
Balances as of June 30, 2019	2,027,000	$  2,027	$   25,823	$  (40,853)	$   (13,003)
Net loss for three months ended September 30, 2019	-	-	-	(3,101)	(3,101)
Balances as of September 30, 2019	2,027,000	$  2,027	$   25,823	$   (43,954)	$  (16,104)

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

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EXENT CORP. STATEMENTS OF CASH FLOWS (Unaudited)
		For the nine months ended September 30, 2019	For the nine months ended September 30, 2018
Operating Activities
	Net loss	$       (14,327)	$          (24,970)
	Depreciation expense	1,404	1,244
	Decrease (increase) in prepaid expenses	(747)	-
	Increase (Decrease) in accounts payable	(2,198)	6,000
	Net cash (used in) provided by operating activities	(15,868)	(17,726)
Investing  Activities
Purchase of capital assets		-	(23,150)
Sale of Capital Assets		15,000	-
Net cash provided by (used in) investing activities		15,000	(23,150)
Financing Activities
	Proceeds from sale of common stock	-	26,350
	Proceeds from loan from shareholder	6,844	23,639
	Loan repayment	(6,500)	-
	Net cash provided by financing activities	344	49,989
Net decrease in cash and equivalents		(524)	9,113
Cash and equivalents at beginning of the period		3,030	1,500
Cash and equivalents at end of the period		$         2,506	$         10,613
	Supplemental cash flow information:
	Cash paid for:
	Interest	$                  -	$                    -
	Taxes	$                  -	$                    -

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

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EXENT CORP.

NOTES TO FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2019

UNAUDITED

NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION

Organization and Description of Business

EXENT CORP. (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on February 15, 2017. The Company manufactures and sells drywall steel studs.

Since inception through September 30, 2019 the Company has generated $8,694 in revenue and has accumulated losses of $43,954.

The accompanying financial statements have been prepared by the Company without audit. Management believes that estimates are proper, all adjustments necessary to present fairly the financial position, results of operations, and cash flows at September 30, 2019 and for the related periods presented. Operating results for the nine months ended September 30, 2019 are not necessarily indicative of the final results that may be expected for the year ending December 31, 2019. These financial statements and footnotes should be read in conjunction with the audited financial statements for the year ended December 31, 2018, filed with the Securities and Exchange Commission.

GOING CONCERN

The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future.  The Company has incurred a loss since Inception (February 15, 2017) resulting in an accumulated deficit of $43,954 as of September 30, 2019 and further losses are anticipated in the development of its business.  Accordingly, there is substantial doubt about the Company’s ability to continue as a going concern.  

The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or private placement of common stock.  

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company has adopted December 31 as its fiscal year end.

Basic Income (Loss) Per Share

The Company computes loss per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. At September 30, 2019 and 2018, the Company did not have any dilutive securities and other contracts. As a result, diluted loss per share is the same as basic loss per share for the periods presented.

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Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes.

Dividends

The Company has not adopted any policy regarding payment of dividends. No dividends have been paid or declared during any of the periods shown.

Income Taxes

The Company follows the liability method of accounting for income taxes pursuant to ASC 740.  Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences).  The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Advertising Costs

The Company’s policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 during the nine months ended September 30, 2019 and for the nine months ended September 30, 2018.

Impairment of Long-Lived Assets

The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.

Use of Estimates

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

Stock-Based Compensation

As of September 30, 2019 the Company has not issued any stock-based payments to its employees. Stock-based compensation is accounted for at fair value in accordance with ASC 718.  To date, the Company has not adopted a stock option plan and has not granted any stock options.

Revenue Recognition

The Company adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers, which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that supersedes most current revenue recognition guidance. The updated guidance, and subsequent clarifications, collectively referred to as ASC 606, require an entity to recognize revenue when it transfers control of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.

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We adopted Topic 606 since inception on February 15, 2017. Revenues for reporting periods beginning after February 15, 2017 are presented under Topic 606. While Topic 606 requires additional disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, its adoption has not had a material impact on the measurement or recognition of our revenues.

Recent Accounting Pronouncements

The Company has reviewed all the recent accounting pronouncements issued to date of the issuance of these financial statements, and does not believe any of these pronouncements will have a material impact on the Company.

Property and Equipment Depreciation Policy

The Company purchased a machine for drywall steel studs manufacturing for $17,000. On May 14, 2018, the Company purchased office equipment for $4,900.  Equipment is stated at cost and depreciated on the straight line method over the estimated life of the assets, which is 10 years.

Company purchased a computer for $1,250.  It is stated at cost and depreciated on the straight line method over the estimated life of the assets, which is 3 years.

On June 6, 2019, the Company sold a machine for drywall steel studs manufacturing for $15,000. This is at book value so there is no gain or loss.

Capitalization Policy

A “Capital Asset” is a unit of property with a useful life exceeding one year and a per unit acquisition cost exceeding $1,000. Capital assets will be capitalized and depreciated over their useful lives. All Capital Assets are recorded at historical cost as of the date acquired. Tangible assets costing below the aforementioned threshold amount are recorded as an expense in the accounting records and financial statements of the business. In addition, assets with an economic useful life of 12 months or less must be expensed for both book and financial reporting purposes.

NOTE 3 – CAPITAL STOCK

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

On November 15, 2017 the Company issued 1,500,000 shares of its common stock at $0.001 per share for total proceeds of $1,500. In May and June 2018, the Company sold 527,000 shares of its common stock at $0.05 per share for total proceeds of $26,350.

As of September 30, 2019 the Company had 2,027,000 shares issued and outstanding.

NOTE 4 – RELATED PARTY TRANSACTIONS

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

Since February 15, 2017 (Inception) through September 30, 2019, the Company’s sole officer and director loaned the Company $30,707 to pay for incorporation costs and operating expenses. In July, 2019, the Company made loan repayment of $6,500. As of September 30, 2019, the net amount outstanding was $24,207. The loan is non-interest bearing, due upon demand and unsecured.

The Company’s sole officer and director provided services and office space. The Company does not pay any rent to its sole officer and director and there is no agreement to pay any rent in the future.

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NOTE 5- SUBSEQUENT EVENTS

In accordance with ASC 855-10 the Company has analyzed its operations subsequent to September 30, 2019 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

This quarterly report and other reports filed by EXENT CORP. (“we,” “us,” “our,” or the “Company”), from time to time contain or may contain forward-looking statements and information that are based upon beliefs of, and information currently available to, the Company’s management as well as estimates and assumptions made by Company’s management. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. When used in the filings, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” or the negative of these terms and similar expressions as they relate to the Company or the Company’s management identify forward-looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties, assumptions, and other factors. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). These accounting principles require us to make certain estimates, judgments, and assumptions. We believe that the estimates, judgments, and assumptions upon which we rely are reasonable based upon information available to us at the time that these estimates, judgments, and assumptions are made. These estimates, judgments, and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements as well as the reported amounts of revenues and expenses during the periods presented. Our financial statements would be affected to the extent there are material differences between these estimates.

GENERAL DESCRIPTION OF BUSINESS

We were incorporated in the State of Nevada on February 15, 2017.

We manufacture and sell drywall steel studs. Our product is used principally in new developments, commercial and residential construction and in home improvement, remodeling and repair work. A success of our business plan depends on the level of the new construction and the retail sales market. A downturn of commercial and residential new developments as well as a decrease in home improvement activity can adversely affect our intended business.

We distribute our drywall steel studs in the Kyrgyz market to wholesale customers. In the future, when/if we have available resources, operating history and experience, we plan to expand our market to China, Europe and Commonwealth of Independent States (CIS) countries. We believe that there is a demand for our product. However, there is no guarantee that we will be able to sell our drywall steel studs.

Our raw material is galvanized metal with a thickness of 0.5-0.7 millimeters. We buy reels of galvanized metal weighing 5-6 tons.

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Management’s Discussion and Analysis of Financial Condition and Results of Operations

Results of Operations for the three months ended September 30, 2019 compared to the three months ended September 30, 2018:

Revenue and cost of goods sold

For the three months ended September 30, 2019 the Company did not generate any revenue because the Company did not manufacture any drywall steel studs, compared to the three month period ended September 30, 2018, when the Company generated total revenue of $3,678 from selling drywall steel studs. Cost of revenue for the three months ended September 30, 2018 was $1,735.

Operating expenses

Total operating expenses for the three month period ended September 30, 2019 were $3,101 compared to $19,326 for the three month period ended September 30, 2018. The operating expenses for the three month period ended September 30, 2019 included professional fees of $2,000; and general and administrative expenses of $1,101.

The operating expenses for the three month period ended September 30, 2018 included professional fees $7,400; rent of $1,050; DTC eligibility of $8,500 and general and administrative expenses of $2,376.

Net Loss

The net loss for the three month period ended September 30, 2019 was $3,101 compared to $17,383 for the three month period ended September 30, 2018.

Results of Operations for the nine months ended September 30, 2019 compared to the nine months ended September 30, 2018:

Revenue and cost of goods sold

For the nine months ended September 30, 2019 the Company did not generate any revenue because the Company did not manufacture any drywall steel studs, compared to the nine month period ended September 30, 2018, when the Company generated total revenue of $8,694 from selling drywall steel studs. Cost of revenue for the nine months ended September 30, 2018 was $4,100.

Operating expenses

Total operating expenses for the nine month period ended September 30, 2019 were $14,327 compared to $29,564 for the nine month period ended September 30, 2018. The operating expenses for the nine month period ended September 30, 2019 included professional fees of $8,450; rent of $1,750; and general and administrative expenses of $4,127.

The operating expenses for the nine month period ended September 30, 2018 included professional fees $15,350; rent of $1,750; DTC eligibility of $8,500 and general and administrative expenses of $3,964.

Net Loss

The net loss for the nine month period ended September 30, 2019 was $14,327 compared to $24,970 for the nine month period ended September 30, 2018.

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Liquidity and Capital Resources and Cash Requirements

At September 30, 2019, the Company had total assets of $8,103 ($24,284 as of December 31, 2018). Total assets at September 30, 2019 comprised of $2,506 in cash; $747 in prepaid expenses and $4,850 in equipment.

During the nine month period ended September 30, 2019, the Company used $15,868 of cash in operating activities due to its net loss of $14,327; decrease in accounts payable of $2,198; increase in prepaid expenses of $747 and depreciation of $1,404.  

During the nine month period ended September 30, 2018, net cash used by operating activities was $17,726 due to its net loss of $24,970; increase in accounts payable of $6,000; and depreciation of $1,244.

During the nine month period ended September 30, 2019, net cash provided by investing activities was $15,000, received from sale of the equipment.

During the nine month period ended September 30, 2018, the Company used $23,150 cash in investing activities. Cash was used to purchase equipment.

During the nine month period ended September 30, 2019, the Company generated $344 in financing activities, consisted of loans of $6,844 and $6,500 of loan repayment compared to $49,989 during the nine month period ended September 30, 2018, consisted of loans of $23,639 and $26,350 from the sale of common stock.

Off-Balance Sheet Arrangements

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

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.

Item 4. Controls and Procedures.

Disclosure Controls and Procedures

We maintain disclosure controls and procedures, as defined in Rule 13a‐15(e) promulgated under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

We carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures as of September 30, 2019. Based on the evaluation of these disclosure controls and procedures, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures was not effective.

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Changes in Internal Controls over Financial Reporting

There has been no change in our internal control over financial reporting occurred during this fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II.  OTHER INFORMATION

Item 1. LEGAL PROCEEDINGS

During the past ten years, none of the following occurred with respect to the President of the Company: (1) any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time; (2) any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses); (3) being subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of any competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting her involvement in any type of business, securities or banking activities; and (4) being found by a court of competent jurisdiction (in a civil action), the SEC or the commodities futures trading commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated. We are not currently a party to any legal proceedings, and we are not aware of any pending or potential legal actions.

Item 1A. RISK FACTORS

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.

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

No unregistered sales of equity securities took place during the three months ended September 30, 2019.

Item 3. DEFAULTS UPON SENIOR SECURITIES

There were no senior securities issued and outstanding during the three months ended September 30, 2019.

Item 4. MINE SAFETY DISCLOSURE

Not applicable to our Company.

Item 5. OTHER INFORMATION

There is no other information required to be disclosed under this item which was not previously disclosed.

Item 6. EXHIBITS

The following exhibits are included as part of this report by reference:

Exhibit No.	Description
31.1	Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
32.1	Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

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SIGNATURES

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

	EXENT CORP.
Dated: November 6, 2019	By:	/s/	Marat Asylbekov
		Name:	Marat Asylbekov
		Title:	President, Treasurer and Secretary
			(Principal Executive, Financial and Accounting Officer)

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UNITED STATES

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 quarter ended: September 30, 2019

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: 333-222829

EXENT CORP.

(Exact name of registrant as specified in its charter)

Nevada

(State or Other Jurisdiction of Incorporation or Organization)

35-2611667 IRS Employer Identification Number   3444 Primary Standard Industrial Classification Code Number

Exent Corp.

Stroitelnaya str. 9-1, Ivanovka

Chui region, Kyrgyzstan 72000

Tel. +996555158151

(Address and telephone number of principal executive offices)

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 past 12 months, 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 filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer”, “non-accelerated filer”, “emerging growth company” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer Accelerated filer Non-accelerated filer X Emerging growth company X Smaller reporting company X

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. YES [ ] NO [ X ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [  ] No [X] .

As of November 5, 2019, there were 2,027,000 shares outstanding of the registrant’s common stock.

1 | Page

		Page
PART I	FINANCIAL INFORMATION:
Item 1.	Financial Statements	3
	Balance Sheets as of September 30, 2019 (unaudited) and December 31, 2018	3
	Statements of Operations for the three and nine month periods ended September 30, 2019 and 2018 (unaudited)	4
	Statements of changes in stockholders’ equity for the three and nine months ended September 30, 2019 and 2018 (unaudited)
	Statements of Cash Flows for the nine months ended September 30, 2019 and 2018 (unaudited)	5
	Notes to the Financial Statements (unaudited)	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	10
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	11
Item 4.	Controls and Procedures	12
PART II	OTHER INFORMATION:
Item 1.	Legal Proceedings	12
Item 1A	Risk Factors	13
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	13
Item 3.	Defaults Upon Senior Securities	13
Item 4.	Mine Safety Disclosure.	13
Item 5.	Other Information	13
Item 6.	Exhibits	13
	Signatures	13

2 | Page

PART I – FINANCIAL INFORMATION

Item 1. Financial statements

The accompanying interim financial statements of EXENT CORP. (the “Company”), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted principles have been condensed or omitted pursuant to such rules and regulations.

In the opinion of management, the financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, statements of changes in stockholders’ equity and cash flows of the Company for the interim periods presented.

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EXENT CORP. BALANCE SHEETS
		September 30, 2019 (Unaudited)	December 31, 2018 (Audited)
ASSETS
Current Assets
	Cash	$        2,506	$        3,030
	Prepaid expenses	747	-
	Total Current assets	3,253	3,030
Capital Assets
	Equipment, net of depreciation	4,850	21,254
	Total Capital assets	4,850	21,254
Total Assets		$      8,103	$       24,284
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current  Liabilities
	Loan from related parties	$      24,207	$           23,863
	Accounts Payable	-	2,198
Total Liabilities		24,207	26,061
Commitments and Contingencies		-	-
Stockholders’ Equity
	Common stock, $0.001 par value, 75,000,000 shares authorized;
	2,027,000 and 2,027,000 shares issued and outstanding as of September 30, 2019 and December 31, 2018 respectively	2,027	2,027
	Additional paid-in-capital	25,823	25,823
	Accumulated Deficit	(43,954)	(29,627)
Total Stockholders’ Equity		(16,104)	(1,777)
Total Liabilities and Stockholders’ Equity		$  8,103	$        24,284

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

4 | Page

EXENT CORP. STATEMENTS OF OPERATIONS (Unaudited)
	For the three months ended September 30, 2019	For the three months ended September 30, 2018	For the nine months ended September 30, 2019	For the nine months ended September 30, 2018
Revenue	$            -	$                 3,678	$                -	$               8,694
Cost of sales	-	1,735	-	4,100
Gross profit	-	1,943	-	4,594
Operating expenses
Professional fees	$              2,000	$                  7,400	$  8,450	15,350
Rent	-	1,050	1,750	1,750
DTC eligibility	-	8,500	-	8,500
General and administrative expenses	1,101	2,376	4,127	3,964
Net loss from operations	(3,101)	(17,383)	(14,327)	(24,970)
Loss before taxes	(3,101)	(17,383)	(14,327)	(24,970)
Provision for taxes	-	-	-	-
Net loss	$       (3,101)	$                (17,383)	$      (14,327)	$   (24,970)
Loss per common share: Basic and Diluted	$          (0.00)	$                (0.01)	$        (0.01)	$   (0.01)
Weighted Average Number of Common Shares  Outstanding: Basic and Diluted	2,027,000	2,027,000	2,027,000	1,732,113

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

5 | Page

EXENT CORP. STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2019 AND 2018 (UNAUDITED)
	Number of Common Shares	Amount	Additional Paid-in- Capital	Deficit accumulated	Total
Balances as of December 31, 2017	1,500,000	$   1,500	$            -	$      (224)	$     1,276
Net loss for three months ended March 31, 2018	-			(6,823)	(6,823)
Balances as of March 31, 2018	1,500,000	$1,500	$            -	$    (7,047)	$   (5,547)
Common Shares issued for cash at $0.05 per share	527,000	527	25,823	-	26,350
Net loss for three months ended June 30, 2018	-	-	-	(764)	(764)
Balances as of June 30, 2018	2,027,000	2,027	$ 25,823	$   (7,811)	$   20,039
Net loss for three months ended September 30, 2018	-	-	-	(17,383)	(17,383)
Balances as of September 30, 2018	2,027,000	2,027	$ 25,823	$   (25,194)	$   2,656
Net loss for three months ended December 31, 2018	-	-	-	(4,433)	(4,433)
Balances as of December 31, 2018	2,027,000	$  2,027	$   25,823	$   (29,627)	$   (1,777)
Net loss for three months ended March 31, 2019	-	-	-	(6,649)	(6,649)
Balances as of March 31, 2019	2,027,000	$  2,027	$   25,823	$   (36,276)	$   (8,426)
Net loss for three months ended June 30, 2019	-	-	-	(4,577)	(4,577)
Balances as of June 30, 2019	2,027,000	$  2,027	$   25,823	$  (40,853)	$   (13,003)
Net loss for three months ended September 30, 2019	-	-	-	(3,101)	(3,101)
Balances as of September 30, 2019	2,027,000	$  2,027	$   25,823	$   (43,954)	$  (16,104)

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

6 | Page

EXENT CORP. STATEMENTS OF CASH FLOWS (Unaudited)
		For the nine months ended September 30, 2019	For the nine months ended September 30, 2018
Operating Activities
	Net loss	$       (14,327)	$          (24,970)
	Depreciation expense	1,404	1,244
	Decrease (increase) in prepaid expenses	(747)	-
	Increase (Decrease) in accounts payable	(2,198)	6,000
	Net cash (used in) provided by operating activities	(15,868)	(17,726)
Investing  Activities
Purchase of capital assets		-	(23,150)
Sale of Capital Assets		15,000	-
Net cash provided by (used in) investing activities		15,000	(23,150)
Financing Activities
	Proceeds from sale of common stock	-	26,350
	Proceeds from loan from shareholder	6,844	23,639
	Loan repayment	(6,500)	-
	Net cash provided by financing activities	344	49,989
Net decrease in cash and equivalents		(524)	9,113
Cash and equivalents at beginning of the period		3,030	1,500
Cash and equivalents at end of the period		$         2,506	$         10,613
	Supplemental cash flow information:
	Cash paid for:
	Interest	$                  -	$                    -
	Taxes	$                  -	$                    -

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

7 | Page

EX-31.1

Exhibit 31.1

Certification of Chief Executive Officer pursuant to Securities Exchange

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

1. I have reviewed this Quarterly Report on Form 10-Q of EXENT CORP.;

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

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

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

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

November 6, 2019                                            By:	/S/                                                               Marat Asylbekov
	Name:             Marat Asylbekov
Title: President, treasurer, secretary                                                                                                          (Principal Executive, Financial and 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  EXENT CORP (the “Company”) on Form 10-Q for the quarter ended  September 30, 2019, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Marat Asylbekov, Principal Executive, Financial and Accounting Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

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

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

November 6, 2019                                            By:	/S/                                                                  Marat Asylbekov
	Name:              Marat Asylbekov
Title: President, treasurer, secretary                                                                                                    (Principal Executive, Financial and Accounting Officer)

XML

- ORGANIZATION AND BASIS OF PRESENTATION

9 Months Ended

Sep. 30, 2019

- ORGANIZATION AND BASIS OF PRESENTATION [Abstract]

- ORGANIZATION AND BASIS OF PRESENTATION

NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION

Organization and Description of Business

EXENT CORP. (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on February 15, 2017. The Company manufactures and sells drywallsteel studs.

Since inception through September 30, 2019 the Company has generated $8,694 in revenue and has accumulated losses of $43,954.

The accompanying financial statements have been prepared by the Company without audit. Management believes that estimates are proper, all adjustments necessary to present fairly the financial position, results of operations, and cash flows at September 30, 2019 and for the related periods presented. Operating results for the nine months ended September 30, 2019 are not necessarily indicative of the final results that may be expected for the year ending December 31, 2019. These financial statements and footnotes should be read in conjunction with the audited financial statements for the year ended December 31, 2018, filed with the Securities and Exchange Commission.

GOING CONCERN

The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future.  The Company has incurred a loss since Inception (February 15, 2017) resulting in an accumulated deficit of $43,954 as of September 30, 2019 and further losses are anticipated in the development of its business.  Accordingly, there is substantial doubt about the Company's ability to continue as a going concern. 

The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or private placement of common stock. 

XML

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Revenue	$ 0	$ 3,678	$ 0	$ 8,694
Cost of sales	0	1,735	0	4,100
Gross profit	0	1,943	0	4,594
Operating expenses
Professional fees	2,000	7,400	8,450	15,350
Rent	0	1,050	1,750	1,750
DTC eligibility	0	8,500	0	8,500
General and administrative expenses	1,101	2,376	4,127	3,964
Net loss from operations	(3,101)	(17,383)	(14,327)	(24,970)
Loss before taxes	(3,101)	(17,383)	(14,327)	(24,970)
Provision for taxes	0	0	0	0
Net loss	$ (3,101)	$ (17,383)	$ (14,327)	$ (24,970)
Loss per common share: Basic and Diluted	$ (0.00)	$ (0.01)	$ (0.01)	$ (0.01)
Weighted Average Number of Common Shares Outstanding: Basic and Diluted	2,027,000	2,027,000	2,027,000	1,732,113

XML

Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2019

Significant Accounting Policies (Policies) [Abstract]

Basis of Presentation

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company has adopted December 31 as its fiscal year end.

Basic Income (Loss) Per Share

The Company computes loss per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. At September 30, 2019 and 2018, the Company did not have any dilutive securities and other contracts. As a result, diluted loss per share is the same as basic loss per share for the periods presented.

Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes.

Dividends

The Company has not adopted any policy regarding payment of dividends. No dividends have been paid or declared during any of the periods shown.

Income Taxes

The Company follows the liability method of accounting for income taxes pursuant to ASC 740.  Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences).  The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Advertising Costs

The Company's policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 during the nine months ended September 30, 2019 and for the nine months ended September 30, 2018.

Impairment of Long-Lived Assets

The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.

Use of Estimates

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

Stock-Based Compensation

As of September 30, 2019 the Company has not issued any stock-based payments to its employees. Stock-based compensation is accounted for at fair value in accordance with ASC 718.  To date, the Company has not adopted a stock option plan and has not granted any stock options.

Revenue Recognition

The Company adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers, which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that supersedes most current revenue recognition guidance. The updated guidance, and subsequent clarifications, collectively referred to as ASC 606, require an entity to recognize revenue when it transfers control of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.

We adopted Topic 606 since inception on February 15, 2017. Revenues for reporting periods beginning after February 15, 2017 are presented under Topic 606. While Topic 606 requires additional disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, its adoption has not had a material impact on the measurement or recognition of our revenues.

Recent Accounting Pronouncements

The Company has reviewed all the recent accounting pronouncements issued to date of the issuance of these financial statements, and does not believe any of these pronouncements will have a material impact on the Company.

Property and Equipment Depreciation Policy

The Company purchaseda machine for drywall steel studs manufacturing for $17,000. On May 14, 2018, the Company purchased office equipment for $4,900.  Equipment is stated at cost and depreciated on the straight line method over the estimated life of the assets, which is 10 years.

Company purchased a computer for $1,250.  It is stated at cost and depreciated on the straight line method over the estimated life of the assets, which is 3 years.

On June 6, 2019, the Company sold a machine for drywall steel studs manufacturing for $15,000. This is at book value so there is no gain or loss.

Capitalization Policy

A “Capital Asset” is a unit of property with a useful life exceeding one year and a per unit acquisition cost exceeding $1,000. Capital assets will be capitalized and depreciated over their useful lives. All Capital Assets are recorded at historical cost as of the date acquired. Tangible assets costing below the aforementioned threshold amount are recorded as an expense in the accounting records and financial statements of the business. In addition, assets with an economic useful life of 12 months or less must be expensed for both book and financial reporting purposes.

XML

- RELATED PARTY TRANSACTIONS (Details Text) - USD ($)	1 Months Ended	9 Months Ended
	Jul. 30, 2019	Sep. 30, 2019
Related Party Transaction, Due from (to) Related Party, Current [Abstract]
Since February 15, 2017 (Inception) through September 30, 2019, the Company's sole officer and director loaned the Company $30,707 to pay for incorporation costs and operating expenses		$ 30,707
In July, 2019, the Company made loan repayment of $6,500	$ 6,500
As of September 30, 2019, the net amount outstanding was $24,207		$ 24,207

XML

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 05, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Registrant Name	EXENT CORP.
Entity Central Index Key	0001726744
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		2,027,000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false

XML

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Total	Number of Common Shares	Additional Paid-in- Capital	Deficit accumulated
Balances	$ 1,276	$ 1,500		$ (224)
Balances (in shares)		1,500,000
Balances	1,276	$ 1,500		(224)
Balances as of March 31, 2019 (in shares)		1,500,000
Balances	1,276	$ 1,500		(224)
Balances (in shares) at Mar. 31, 2018		1,500,000
Balances (in shares)		1,500,000
Net loss for three months	(6,823)			(6,823)
Balances	1,276	$ 1,500		(224)
Balances as of March 31, 2019 (in shares)		1,500,000
Balances at Dec. 31, 2017	1,276	$ 1,500		(224)
Balances	(5,547)	$ 1,500		(7,047)
Balances (in shares)		1,500,000
Balances	(5,547)	$ 1,500		(7,047)
Balances as of March 31, 2019 (in shares)		1,500,000
Balances	$ (5,547)	$ 1,500		(7,047)
Balances (in shares) at Jun. 30, 2018		2,027,000
Balances (in shares)		2,027,000
Common Shares issued for cash at $0.05 per share	26,350	527	25,823
Common Shares issued for cash at $0.05 per share (in shares)		527,000
Net loss for three months	$ (764)			(764)
Balances	(5,547)	$ 1,500		(7,047)
Balances as of March 31, 2019 (in shares)		2,027,000
Balances at Mar. 31, 2018	(5,547)	$ 1,500		(7,047)
Balances	20,039	$ 2,027	$ 25,823	(7,811)
Balances (in shares)		2,027,000
Balances	20,039	$ 2,027	25,823	(7,811)
Balances as of March 31, 2019 (in shares)		2,027,000
Balances	20,039	$ 2,027	25,823	(7,811)
Balances (in shares) at Sep. 30, 2018		2,027,000
Balances (in shares)		2,027,000
Net loss for three months	(17,383)			(17,383)
Balances	20,039	$ 2,027	25,823	(7,811)
Balances as of March 31, 2019 (in shares)		2,027,000
Balances at Jun. 30, 2018	20,039	$ 2,027	25,823	(7,811)
Balances	2,656	$ 2,027	25,823	(25,194)
Balances (in shares)		2,027,000
Balances	2,656	$ 2,027	25,823	(25,194)
Balances as of March 31, 2019 (in shares)		2,027,000
Balances	2,656	$ 2,027	25,823	(25,194)
Balances (in shares) at Dec. 31, 2018		2,027,000
Balances (in shares)		2,027,000
Net loss for three months	(4,433)			(4,433)
Balances	2,656	$ 2,027	25,823	(25,194)
Balances as of March 31, 2019 (in shares)		2,027,000
Balances at Sep. 30, 2018	2,656	$ 2,027	25,823	(25,194)
Balances	(1,777)	$ 2,027	25,823	(29,627)
Balances (in shares)		2,027,000
Balances	(1,777)	$ 2,027	25,823	(29,627)
Balances as of March 31, 2019 (in shares)		2,027,000
Balances	(1,777)	$ 2,027	25,823	(29,627)
Balances (in shares) at Mar. 31, 2019		2,027,000
Balances (in shares)		2,027,000
Net loss for three months	(6,649)			(6,649)
Balances	(1,777)	$ 2,027	25,823	(29,627)
Balances as of March 31, 2019 (in shares)		2,027,000
Balances at Dec. 31, 2018	(1,777)	$ 2,027	25,823	(29,627)
Balances	(8,426)	$ 2,027	25,823	(36,276)
Balances (in shares)		2,027,000
Balances	(8,426)	$ 2,027	25,823	(36,276)
Balances as of March 31, 2019 (in shares)		2,027,000
Balances	(8,426)	$ 2,027	25,823	(36,276)
Balances (in shares) at Jun. 30, 2019		2,027,000
Balances (in shares)		2,027,000
Net loss for three months	(4,577)			(4,577)
Balances	(8,426)	$ 2,027	25,823	(36,276)
Balances as of March 31, 2019 (in shares)		2,027,000
Balances at Mar. 31, 2019	(8,426)	$ 2,027	25,823	(36,276)
Balances	(13,003)	$ 2,027	25,823	(40,853)
Balances (in shares)		2,027,000
Balances	(13,003)	$ 2,027	25,823	(40,853)
Balances as of March 31, 2019 (in shares)		2,027,000
Balances	(13,003)	$ 2,027	25,823	(40,853)
Balances (in shares) at Sep. 30, 2019		2,027,000
Balances (in shares)		2,027,000
Net loss for three months	(3,101)			(3,101)
Balances	(13,003)	$ 2,027	25,823	(40,853)
Balances as of March 31, 2019 (in shares)		2,027,000
Balances at Jun. 30, 2019	(13,003)	$ 2,027	25,823	(40,853)
Balances	(16,104)	$ 2,027	25,823	(43,954)
Balances (in shares)		2,027,000
Balances	$ (16,104)	$ 2,027	$ 25,823	$ (43,954)
Balances as of March 31, 2019 (in shares)		2,027,000

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- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Sep. 30, 2019

- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company has adopted December 31 as its fiscal year end.

Basic Income (Loss) Per Share

The Company computes loss per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. At September 30, 2019 and 2018, the Company did not have any dilutive securities and other contracts. As a result, diluted loss per share is the same as basic loss per share for the periods presented.

Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes.

Dividends

The Company has not adopted any policy regarding payment of dividends. No dividends have been paid or declared during any of the periods shown.

Income Taxes

The Company follows the liability method of accounting for income taxes pursuant to ASC 740.  Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences).  The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Advertising Costs

The Company's policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 during the nine months ended September 30, 2019 and for the nine months ended September 30, 2018.

Impairment of Long-Lived Assets

The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.

Use of Estimates

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

Stock-Based Compensation

As of September 30, 2019 the Company has not issued any stock-based payments to its employees. Stock-based compensation is accounted for at fair value in accordance with ASC 718.  To date, the Company has not adopted a stock option plan and has not granted any stock options.

Revenue Recognition

The Company adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers, which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that supersedes most current revenue recognition guidance. The updated guidance, and subsequent clarifications, collectively referred to as ASC 606, require an entity to recognize revenue when it transfers control of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.

We adopted Topic 606 since inception on February 15, 2017. Revenues for reporting periods beginning after February 15, 2017 are presented under Topic 606. While Topic 606 requires additional disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, its adoption has not had a material impact on the measurement or recognition of our revenues.

Recent Accounting Pronouncements

The Company has reviewed all the recent accounting pronouncements issued to date of the issuance of these financial statements, and does not believe any of these pronouncements will have a material impact on the Company.

Property and Equipment Depreciation Policy

The Company purchaseda machine for drywall steel studs manufacturing for $17,000. On May 14, 2018, the Company purchased office equipment for $4,900.  Equipment is stated at cost and depreciated on the straight line method over the estimated life of the assets, which is 10 years.

Company purchased a computer for $1,250.  It is stated at cost and depreciated on the straight line method over the estimated life of the assets, which is 3 years.

On June 6, 2019, the Company sold a machine for drywall steel studs manufacturing for $15,000. This is at book value so there is no gain or loss.

Capitalization Policy

A “Capital Asset” is a unit of property with a useful life exceeding one year and a per unit acquisition cost exceeding $1,000. Capital assets will be capitalized and depreciated over their useful lives. All Capital Assets are recorded at historical cost as of the date acquired. Tangible assets costing below the aforementioned threshold amount are recorded as an expense in the accounting records and financial statements of the business. In addition, assets with an economic useful life of 12 months or less must be expensed for both book and financial reporting purposes.

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- SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2019

- SUBSEQUENT EVENTS [Abstract]

- SUBSEQUENT EVENTS

NOTE 5- SUBSEQUENT EVENTS

In accordance with ASC 855-10 the Company has analyzed its operations subsequent to September 30, 2019 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

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- CAPITAL STOCK (Details Text) - USD ($)	Sep. 30, 2019	Jun. 30, 2018	Nov. 15, 2017
Dividends, Common Stock [Abstract]
On November 15, 2017 the Company issued 1,500,000 shares of its common stock at $0.001 per share for total proceeds of $1,500			$ 1,500,000
In May and June 2018, the Company sold 527,000 shares of its common stock at $0.05 per share for total proceeds of $26,350.		527,000
As of September 30, 2019 the Company had 2,027,000 shares issued and outstanding.	$ 2,027,000

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BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Common stock par value	$ 0.001	$ 0.001
Common stock shares authorized	75,000,000	75,000,000
Common stock shares issued and outstanding	2,027,000	2,027,000

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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating Activities
Net loss	$ (14,327)	$ (24,970)
Depreciation expense	1,404	1,244
Decrease (increase) in prepaid expenses	(747)	0
Increase (Decrease) in accounts payable	(2,198)	6,000
Net cash (used in) provided by operating activities	(15,868)	(17,726)
Investing Activities
Purchase of capital assets	0	(23,150)
Sale of Capital Assets	15,000	0
Net cash provided by (used in) investing activities	15,000	(23,150)
Financing Activities
Proceeds from sale of common stock	0	26,350
Proceeds from loan from shareholder	6,844	23,639
Loan repayment	(6,500)	0
Net cash provided by financing activities	344	49,989
Net decrease in cash and equivalents	(524)	9,113
Cash and equivalents at beginning of the period	3,030	1,500
Cash and equivalents at end of the period	2,506	10,613
Cash paid for:
Interest	0	0
Taxes	$ 0	$ 0

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- CAPITAL STOCK

9 Months Ended

Sep. 30, 2019

- CAPITAL STOCK [Abstract]

- CAPITAL STOCK

NOTE 3 - CAPITAL STOCK

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

On November 15, 2017 the Company issued 1,500,000 shares of its common stock at $0.001 per share for total proceeds of $1,500. In May and June 2018, the Company sold 527,000 shares of its common stock at $0.05 per share for total proceeds of $26,350.

As of September 30, 2019 the Company had 2,027,000 shares issued and outstanding.

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- ORGANIZATION AND BASIS OF PRESENTATION (Details Text)	32 Months Ended
	Sep. 30, 2019 USD ($)
- ORGANIZATION AND BASIS OF PRESENTATION [Abstract]
Since inception through September 30, 2019 the Company has generated $8,694 in revenue	$ 8,694
Since inception through September 30, 2019 the Company has accumulated losses of $43,954.	43,954
The Company has incurred a loss since Inception (February 15, 2017) resulting in an accumulated deficit of $43,954 as of September 30, 2019 and further losses are anticipated in the development of its business	$ 43,954

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BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Current Assets
Cash	$ 2,506	$ 3,030
Prepaid expenses	747	0
Total Current assets	3,253	3,030
Capital Assets
Equipment, net of depreciation	4,850	21,254
Total Capital assets	4,850	21,254
Total Assets	8,103	24,284
Current Liabilities
Loan from related parties	24,207	23,863
Accounts Payable	0	2,198
Total Liabilities	24,207	26,061
Commitments and Contingencies
Stockholders' Equity
Common stock, $0.001 par value, 75,000,000 shares authorized; 2,027,000 and 2,027,000 shares issued and outstanding as of September 30, 2019 and December 31, 2018 respectively	2,027	2,027
Additional paid-in-capital	$ 25,823	$ 25,823
Accumulated Deficit	(43,954)	(29,627)
Total Stockholders' Equity	(16,104)	(1,777)
Total Liabilities and Stockholders' Equity	$ 8,103	$ 24,284

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STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical)	3 Months Ended
	Jun. 30, 2018 USD ($)
Statement of Stockholders' Equity [Abstract]
Common Shares issued for cash, dividends per share	$ 0.05

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- RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2019

- RELATED PARTY TRANSACTIONS [Abstract]

- RELATED PARTY TRANSACTIONS

NOTE 4 - RELATED PARTY TRANSACTIONS

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

Since February 15, 2017 (Inception) through September 30, 2019, the Company's sole officer and director loaned the Company $30,707 to pay for incorporation costs and operating expenses. In July, 2019, the Company made loan repayment of $6,500. As of September 30, 2019, the net amount outstanding was $24,207. The loan is non-interest bearing, due upon demand and unsecured.

The Company's sole officer and director provided services and office space. The Company does not pay any rent to its sole officer and director and there is no agreement to pay any rent in the future.

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- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Text) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 06, 2019	May 14, 2018
Summary Of Significant Accounting Policies Details [Abstract]
The Company incurred advertising expense of $0 during the nine months ended September 30, 2019 and for the nine months ended September 30, 2018.	$ 0	$ 0
The Company purchased a machine for drywall steel studs manufacturing for $17,000				$ 17,000
On May 14, 2018, the Company purchased office equipment for $4,900				$ 4,900
Company purchased a computer for $1,250	$ 1,250
On June 6, 2019, the Company sold a machine for drywall steel studs manufacturing for $15,000			$ 15,000