Form 10-Q - Quarterly report [Sections 13 or 15(d)]

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

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

 

For the quarterly period ended March 31, 2024

 

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

 

Commission File No. 333-179302

 

Vanjia Corporation

(Exact name of registrant as specified in its charter)

 

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

 

Sweetwater Blvd, Unit 199

Sugar Land, TX 77479-3121

(Address of principal executive offices)

 

1-832-289-3219

(Issuer's telephone number)

 

 

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X ] No[ ]

 

 Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company. 

 

Large accelerated filer [ ]                  Accelerated filer [ ]

Non-accelerated filer [ ]                    Small Reporting company [X] 

 

 

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

 

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

 

 Indicate the number of shares outstanding of each freely tradable common stock, as of the most practicable date: 6,000,000 freely tradable shares as of March 31, 2024

 

1

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Form 10-Q Report Index

 

	Page No:
PART 1. FINANCIAL INFORMATION		1
Item 1. Financial Statements		2
Condensed Balance Sheets		3
Condensed Statements of Operations		4
Condensed Statements of Cash Flows		5
Notes to financial Statements		6-9
Item 2. Management Discussion and Analysis of Financial Condition		10
Item 3. Quantitative and Qualitative Disclosures about Market Risk		10
Item 4. Control and Procedures		10
PART 11. OTHER INFORMATION
Item 1. Legal Proceedings		11
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds		11
Item 3. Defaults Upon Senior Securities		11
Item 4. Mine Safety Disclosures		11
Item 5. Other Information		11
Item 6. Exhibit		11
Item 7. Signature		11

 

 

2

 

 

 

 

VANJIA CORPORATION

BALANCE SHEETS

 

		March 31, 2024				December 31,2023
ASSETS
Current Assets
Cash and Cash equivalents		$	82,014			$	22,568
Account Receivables			—				68,985
Total current Assets			82,014				91,553
Land Held for Investment			742,000				742,000
Total Assets		$	824,014			$	833,553
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
		$	—			$	—
Total Current Liabilities			—				—
Stockholders' Equity			—				—
Common stock, par value $0.0001 per share, 9,999,999,999 shares authorized, 30,000,000 shares issued and outstanding as of March 31, 2023 and December 31, 2022			3,000				3,000
Preferred Stock, par value $0.0001 per share, 8,888,888,888 shares authorized, 0 issued and outstanding as of March 31, 2023 and December 31, 2022			—				—
Additional Paid-In Capital			936,400				936,400
Deficit accumulated during development stage			(115,386	)			(105,847	)
Total stockholders' equity			824,014				833,553
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY		$	824,014			$	833,553

 

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

 

3

 

 

 

 

VANJIA CORPORATION

STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS ENDED MARCH 31, 2024 AND 2023

 

 

		Three Months March 31 2024				Three Months Ended March 2023
Revenue:		$	—			$	50,000
General and Administrative expenses			9,539				4,509
Income (Loss) from operation			(9,539	)			45,491
Other income (expenses):							—
							—
Income (loss) before Income taxes			(9,539	)			45,491
Provision for income taxes:							—
Net Profit/Loss		$	(9,539	)		$	45,491
Net Loss Per Shares
Basic and diluted		$	(0.00	)		$	(0.00	)
Weighted Average Shares Outstanding:
Basic and diluted			30,000,000				30,000,000

 

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

 

4

 

 

 

 

VANJIA CORPORATION

STATEMENT OF CASH FLOW

FOR THE THREE MONTHS ENDED MARCH 31, 2024 AND 2023

 

		Three Months Ended March 31, 2024				Three Months Ended March 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Profit/Loss		$	9,539			$	(45,491	)
Adjustments to reconcile net loss to cash provided by operating activities:
Account receivable			58,850				—
Net cash provided by operating activities:			68,389				(45,491	)
Net Increase (decrease) in cash and cash equivalents			68,389				(45,491	)
Cash and cash equivalents:
Beginning		$	13,625			$	18,134
Ending		$	82,014			$	13,625
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS:
Interest Expenses		$	—			$	—
Income Tax Expense		$	—			$	—

 

Accompanying Notes are an Integral Part of the Financial Statements.

 

 

5

 

 

 

 

 

VANJIA CORPORATION

STATEMENTS OF STOCKHOLDER’S EQUITY

FOR THE THREE MONTHS ENDED MARCH 31, 2024 AND 2023

 

		Common stock				Amount				Additional Paid in Capital					Account Receivables				Accumulated Deficit				Total Stockholder’s Equity
Balance at December 31, 2022			30,000,000			$	3,000			$	936,400				$	68,985			$	(173,410	)		$	765,990
Net Profit/Loss			-				-				-					-				67,563				67,563
Balance at March 31, 2023			30,000,000			$	3,000			$	936,400				$	68,985			$	(105,847)			$	883,553
		Common stock				Amount				Additional Paid in Capital					Account Receivables				Accumulated Deficit				Total Stockholder’s Equity
Balance at Dec. 31,2023			30,000,000			$	3,000			$	936,400				$	68,985			$	(105,847	)		$	833,553
Net profit/loss			-				-				-					-				(9,539	)			(9,539	)
Balance at March 31, 2024			30,000,000			$	3,000			$	936,400				$	68,985			$	(115,386)			$	824,014

 

 

 

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

 

6

 

 

 

 

 

 

VANJIA CORPORTION

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
MARCH 31, 2024

1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES

Basis of Presentation 

 

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial reporting and in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited, condensed consolidated financial statements, footnote disclosures and other information should be read in conjunction with the financial statements and the notes thereto included in the Company’s Registration Statement on Form 10-K for the year ended December 31, 2023.

 

ORGANIZATION AND NATURE OF BUSINESS

 

Vanjia Corporation (formerly Vantone Realty Corporation) , (the “Company”), was incorporated on August 19, 2011 in the State of Texas. The company has conducted limited business operations since its inception. The Company's business plan is to build affordable homes in Houston, Texas. In 2018, the Company has begun a business to enroll students for real estate licensing courses. The Company’s year-end is December 31. 

 

USE OF ESTIMATES

The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. 

 

CASH AND CASH EQUIVALENTS

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

 

 REVENUE RECOGNITION

Revenues are recognized when control of the promised goods or services are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements: 

 

* Identify the contract with a customer;

* Identify the performance obligations in the contract;

* determine the transaction price;

* allocate the transaction price to performance obligations in the contract; and

* recognize revenue as the performance obligation is satisfied. 

 

CONCENTRATION OF CREDIT RISK

The Company's financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and related party payables it will likely incur in the near future. The Company places its cash with financial institutions of high credit worthiness. At times, its cash balance with a particular financial institution may exceed any applicable government insurance limits. The Company's management plans to assess the financial strength and credit worthiness of any parties to which it extends funds and as such, it believes that any associated credit risk exposures are limited. 

 

NET INCOME (LOSS) PER SHARE

Basic income (loss) per share is computed by dividing net income by weighted average number of shares of common stock outstanding during each period. Diluted income per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. At March 31, 2024, the Company does not have any outstanding common stock equivalents; therefore, a separate computation of diluted loss per share is not presented. 

 

 INCOME TAXES

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

 

RECENT ACCOUNTING PRONOUNCEMENTS

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

 

 2. INCOME TAXES

The Company has not yet realized income as of the date of this report, and no provision for income taxes has been made. As of March 31, 2023, the Company had net operating loss carry forwards of $115,386 that may be available to reduce future years’ taxable income. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a full valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. 

 

3. LINE OF CREDIT

The Company has available a line of credit with an officer and shareholder that provided maximum borrowing up to $5,000,000 for working capital purposes. The line of credit has no expiration date and is due on demand. Borrowings under the line of credit bear interest at 5% per annum. As of March 31, 2024 and December 31, 2023, the Company had outstanding balance of $-0- on the line of credit. 

 

4. SUBSEQUENT EVENTS

Management has evaluated subsequent events through the date which the financial statements are available to be issued. All subsequent events requiring recognition as of March 31, 2024 have been incorporated into these financial statements and there are no subsequent events that required disclose in accordance with FASB ASC Topic 855, " Subsequent Events."

 

7

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

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

 

 PLAN OF OPERATION 

 

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

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

  

ACCOUNTING AND LEGAL EXPENSES- Our estimate these related expenses will range from $9,800 for the next 12 months. We will be subject to the reporting requirements of the Securities Exchange Act of 1934, as amended, or the Exchange Act, and the Sarbanes-Oxley Act of 2002. The Exchange Act requires that we file annual, quarterly and current reports with respect to our business and financial condition. The Sarbanes-Oxley Act requires that we maintain effective disclosure controls and procedures and internal controls for financial reporting. 

 

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

 

SURVEYOR'S FEES- We are required to obtain surveyors' services related to subdivision of land. Our estimated cost for a surveyor' services will be $2,500. The Planning Commission for the City of Houston is responsible for the review and approval of application for subdivision of land.

 

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

 

PROJECT CONSULTANTS- Once we have obtained the necessary building permits from the City of Houston, we will be ready to build our residential homes. We will require to hire project consultants to monitor the quality control of our construction projects. We intend to spent $2,500 annually for project consultants. 

 

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

 

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

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

 

 

LIQUIDITY AND CAPITAL RESOURCES 

On March 31, 2024, our total assets were $824,014 and our total liabilities were $-0- We expect to raise additional capital through, among other things, the sale of equity or debt securities, private placement offerings, employee stock options plans, and advanced funds from our officer and director. Any deficiencies in general and administrative expenses will be covered from funds by our director and officer. Our officer and director, Tian Su Hua, has agreed to provide us a $5,000,000 line-of-credit at -0- interest. The management believes that an existing $5,000,000 line-of-credit agreement with our officer and director will be sufficient to cover our operational expense for the next twelve months. The residential lot we currently own is large enough to accommodate up to eight homes. We believe that our future expenditures for the second and third years will be covered by revenues generate from sell of new homes and additional offerings for equity or debt securities, private placement offerings, employee options plans and funds from our officer and director. 

 

RESULTS OF OPERATIONS 

From March 31, 2022 to March 31, 2024.

During the period, we have prepared a business plan. Our accumulated loss since March 31, 2023 to March 31, 2024 was $115,386 for general and administrative expenses.

 

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 OFF-BALANCE SHEET ARRANGEMENT

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

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.  

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

 

ITEM 4. CONTROLS AND PROCEDURES

Under the supervision and with the participation of our management, including the Principal Executive Officer and Principal Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of the end of the period covered by this report. Based on that evaluation, the Principal Executive Officer and Principal Financial Officer have concluded that these disclosure controls and procedures are effective. There were no changes in our internal control over financial reporting during the quarter ended March 31, 2023 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

10

 

 

PART II. OTHER INFORMATION

  

 ITEM 1. LEGAL PROCEEDINGS

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

 

 Item 1A. RISK FACTORS

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

 

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

 There were no unregistered sales of equity securities during the quarterly period ended March 31, 2024.

 

 ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

 

 ITEM 4. MINE SAFETY DISCLOSURE

 Not applicable

 

 ITEM 5. OTHER INFORMATION

 None

 

ITEM 6. EXHIBITS

 

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

 

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

 

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

 

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

 

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

 

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

 

 

ITEM 7. SIGNATURES

 

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

 

Vanjia Corporation 

/s/ Tian Su Hua

Tian Su Hua

Chief Executive Officer

 

/s/ Tian Jia

Chief Financial Officer 

May 7, 2024 

11 _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

 

 

SARBANES-OXLEY SECTION 302(a)

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

 

 

I, Tian Su Hua, certify that: 

1. I have reviewed this quarterly report on Form 10-Q for the period ended March 31, 2023 of Vanjia Corporation. 

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

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

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

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; 

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; 

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and 

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and 

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions): 

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and 

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. 

May 7th, 2024	Vanjia Corporation /s/ Tian Su Hua
	Tian Su Hua

 

ARBANES-OXLEY SECTION 302(a) CERTIFICATION

 

I, Tian Jia, certify that:

 

1. I have reviewed this annual report on Form 10Q for the period ended March 31,2024 of Vanjia Corporation

 

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

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly presented 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 registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15-d-15(f)) for the registrant and have:

 

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrants most recent fiscal quarter (the registrants 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 registrants other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

May 7th,2024	Vanjia Corporation /s/ Tian Jia
	Tian Jia
	CFO

 

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of Vanjia Corporation (the “Company”) on Form 10-Q for the period ended March 31, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “report”),

I, Tian Su Hua, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

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

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

 

/s/ Tian Su Hua

Tian Su Hua

Chief Executive Officer

 

Dated: May 7th, 2024

 

 

 

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 Annual Report of Vanjia corporation (the Company) on Form 10q for the period ended March 31,2024 as filed with the Securities and Exchange Commission on the date hereof (the report),

 

I, Tian Su Hua, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

 

(1)

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

 

(2)

The information contained in this Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

 

		Vanjia Corporation
Date:  May 7th,2024	Signed:	/s/ Tian Jia
		Chief Financial Officer

 

 

 

Cover	3 Months Ended
	Mar. 31, 2024 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	333-179302
Entity Registrant Name	Vanjia Corporation
Entity Central Index Key	0001532383
Entity Tax Identification Number	45-3051284
Entity Incorporation, State or Country Code	TX
Entity Address, Address Line One	Sweetwater Blvd
Entity Address, Address Line Two	Unit 199
Entity Address, City or Town	Sugar Land
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77479-3121
City Area Code	832
Local Phone Number	289-3219
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	6,000,000

BALANCE SHEETS - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Cash and Cash equivalents	$ 82,014	$ 22,568
Account Receivables		68,985
Total current Assets	82,014	91,553
Land Held for Investment	742,000	742,000
Total Assets	824,014	833,553
Current Liabilities:
Total Current Liabilities
Stockholders' Equity
Common stock, par value $0.0001 per share, 9,999,999,999 shares authorized, 30,000,000 shares issued and outstanding as of March 31, 2023 and December 31, 2022	3,000	3,000
Preferred Stock, par value $0.0001 per share, 8,888,888,888 shares authorized, 0 issued and outstanding as of March 31, 2023 and December 31, 2022
Additional Paid-In Capital	936,400	936,400
Deficit accumulated during development stage	(115,386)	(105,847)
Total stockholders' equity	824,014	833,553
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY	$ 824,014	$ 833,553

BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	9,999,999,999	9,999,999,999
Common Stock, Shares, Issued	30,000,000	30,000,000
Common Stock, Shares, Outstanding	30,000,000	30,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	8,888,888,888	8,888,888,888
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue:		$ 50,000
General and Administrative expenses	9,539	4,509
Income (Loss) from operation	(9,539)	45,491
Income (loss) before Income taxes	(9,539)	45,491
Provision for income taxes:
Net Profit/Loss	$ (9,539)	$ 45,491
Net Loss Per Shares Basic and diluted	$ (0.00)	$ (0.00)
Weighted Average Shares Outstanding: Basic and diluted	30,000,000	30,000,000

STATEMENT OF CASH FLOW - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Profit/Loss	$ 9,539	$ (45,491)
Adjustments to reconcile net loss to cash provided by operating activities:
Account receivable	58,850
Net cash provided by operating activities:	68,389	(45,491)
Net Increase (decrease) in cash and cash equivalents	68,389	(45,491)
Beginning	13,625	18,134
Ending	82,014	13,625
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS:
Interest Expenses
Income Tax Expense

STATEMENTS OF STOCKHOLDERS EQUITY - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Receivables from Stockholder [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2022	$ 3,000	$ 936,400	$ 68,985	$ (173,410)	$ 765,990
Shares, Issued at Dec. 31, 2022	30,000,000
Net profit/loss				67,563	67,563
Ending balance, value at Mar. 31, 2023	$ 3,000	936,400	68,985	(105,847)	883,553
Shares, Issued at Mar. 31, 2023	30,000,000
Beginning balance, value at Dec. 31, 2023	$ 3,000	936,400	68,985	(105,847)	833,553
Shares, Issued at Dec. 31, 2023	30,000,000
Net profit/loss				(9,539)	(9,539)
Ending balance, value at Mar. 31, 2024	$ 3,000	$ 936,400	$ 68,985	$ (115,386)	$ 824,014
Shares, Issued at Mar. 31, 2024	30,000,000

1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES	1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES Basis of Presentation    The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial reporting and in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited, condensed consolidated financial statements, footnote disclosures and other information should be read in conjunction with the financial statements and the notes thereto included in the Company’s Registration Statement on Form 10-K for the year ended December 31, 2023.   ORGANIZATION AND NATURE OF BUSINESS   Vanjia Corporation (formerly Vantone Realty Corporation) , (the “Company”), was incorporated on August 19, 2011 in the State of Texas. The company has conducted limited business operations since its inception. The Company's business plan is to build affordable homes in Houston, Texas. In 2018, the Company has begun a business to enroll students for real estate licensing courses. The Company’s year-end is December 31.    USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.    CASH AND CASH EQUIVALENTS Cash and cash equivalents include cash and all highly liquid instruments with original maturities of three months or less.     REVENUE RECOGNITION Revenues are recognized when control of the promised goods or services are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements:    * Identify the contract with a customer; * Identify the performance obligations in the contract; * determine the transaction price; * allocate the transaction price to performance obligations in the contract; and * recognize revenue as the performance obligation is satisfied.    CONCENTRATION OF CREDIT RISK The Company's financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and related party payables it will likely incur in the near future. The Company places its cash with financial institutions of high credit worthiness. At times, its cash balance with a particular financial institution may exceed any applicable government insurance limits. The Company's management plans to assess the financial strength and credit worthiness of any parties to which it extends funds and as such, it believes that any associated credit risk exposures are limited.    NET INCOME (LOSS) PER SHARE Basic income (loss) per share is computed by dividing net income by weighted average number of shares of common stock outstanding during each period. Diluted income per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. At March 31, 2024, the Company does not have any outstanding common stock equivalents; therefore, a separate computation of diluted loss per share is not presented.     INCOME TAXES The Company accounts for income taxes in accordance with ASC 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when, in the opinion of management, it is more likely than not that some or all of any deferred tax assets will not be realized.   RECENT ACCOUNTING PRONOUNCEMENTS The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its result of operations, financial position or cash flow.

2. INCOME TAXES	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
2. INCOME TAXES	2. INCOME TAXES The Company has not yet realized income as of the date of this report, and no provision for income taxes has been made. As of March 31, 2023, the Company had net operating loss carry forwards of $115,386 that may be available to reduce future years’ taxable income. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a full valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

3. LINE OF CREDIT	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
3. LINE OF CREDIT	3. LINE OF CREDIT The Company has available a line of credit with an officer and shareholder that provided maximum borrowing up to $5,000,000 for working capital purposes. The line of credit has no expiration date and is due on demand. Borrowings under the line of credit bear interest at 5% per annum. As of March 31, 2024 and December 31, 2023, the Company had outstanding balance of $-0- on the line of credit.

4. SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
4. SUBSEQUENT EVENTS	4. SUBSEQUENT EVENTS Management has evaluated subsequent events through the date which the financial statements are available to be issued. All subsequent events requiring recognition as of March 31, 2024 have been incorporated into these financial statements and there are no subsequent events that required disclose in accordance with FASB ASC Topic 855, " Subsequent Events."

1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation    The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial reporting and in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited, condensed consolidated financial statements, footnote disclosures and other information should be read in conjunction with the financial statements and the notes thereto included in the Company’s Registration Statement on Form 10-K for the year ended December 31, 2023.
ORGANIZATION AND NATURE OF BUSINESS	ORGANIZATION AND NATURE OF BUSINESS   Vanjia Corporation (formerly Vantone Realty Corporation) , (the “Company”), was incorporated on August 19, 2011 in the State of Texas. The company has conducted limited business operations since its inception. The Company's business plan is to build affordable homes in Houston, Texas. In 2018, the Company has begun a business to enroll students for real estate licensing courses. The Company’s year-end is December 31.
USE OF ESTIMATES	USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
CASH AND CASH EQUIVALENTS	CASH AND CASH EQUIVALENTS Cash and cash equivalents include cash and all highly liquid instruments with original maturities of three months or less.
REVENUE RECOGNITION	REVENUE RECOGNITION Revenues are recognized when control of the promised goods or services are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements:    * Identify the contract with a customer; * Identify the performance obligations in the contract; * determine the transaction price; * allocate the transaction price to performance obligations in the contract; and * recognize revenue as the performance obligation is satisfied.
CONCENTRATION OF CREDIT RISK	CONCENTRATION OF CREDIT RISK The Company's financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and related party payables it will likely incur in the near future. The Company places its cash with financial institutions of high credit worthiness. At times, its cash balance with a particular financial institution may exceed any applicable government insurance limits. The Company's management plans to assess the financial strength and credit worthiness of any parties to which it extends funds and as such, it believes that any associated credit risk exposures are limited.
NET INCOME (LOSS) PER SHARE	NET INCOME (LOSS) PER SHARE Basic income (loss) per share is computed by dividing net income by weighted average number of shares of common stock outstanding during each period. Diluted income per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. At March 31, 2024, the Company does not have any outstanding common stock equivalents; therefore, a separate computation of diluted loss per share is not presented.
INCOME TAXES	INCOME TAXES The Company accounts for income taxes in accordance with ASC 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when, in the opinion of management, it is more likely than not that some or all of any deferred tax assets will not be realized.
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its result of operations, financial position or cash flow.

2. INCOME TAXES (Details Narrative)	Mar. 31, 2023 USD ($)
Income Tax Disclosure [Abstract]
Operating Loss Carryforwards, Valuation Allowance	$ 115,386

3. LINE OF CREDIT (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Line of Credit Facility, Maximum Borrowing Capacity		$ 5,000,000
Line of Credit Facility, Interest Rate During Period	5.00%
Line of Credit Facility, Fair Value of Amount Outstanding			$ 0

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