2024 Q3 Form 10-Q Financial Statement

#000149315224031444 Filed on August 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $173.2K $202.1K $1.200K
YoY Change 16739.08% -50.0%
Cost Of Revenue $14.37K $165.00
YoY Change
Gross Profit $158.8K $201.9K $1.200K
YoY Change 16725.33% -50.0%
Gross Profit Margin 91.7% 99.92% 100.0%
Selling, General & Admin $356.6K $415.8K
YoY Change 1362.55%
% of Gross Profit 224.54% 205.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.46K $78.00
YoY Change 26126.92% -1.27%
% of Gross Profit 10.13% 6.5%
Operating Expenses $356.6K $415.8K $30.93K
YoY Change 1362.67% 1244.58% 31.58%
Operating Profit -$197.8K -$213.9K -$29.73K
YoY Change 711.26% 619.66% 40.85%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $22.00 $25.00
YoY Change
Pretax Income -$197.7K -$213.9K -$29.73K
YoY Change 711.17% 619.57% 40.85%
Income Tax
% Of Pretax Income
Net Earnings -$197.7K -$213.9K -$29.73K
YoY Change 711.17% 619.57% 40.85%
Net Earnings / Revenue -114.19% -105.86% -2477.25%
Basic Earnings Per Share -$0.01 -$0.01 $0.00
Diluted Earnings Per Share -$0.01 -$0.01 $0.00
COMMON SHARES
Basic Shares Outstanding 30.00M shares 29.96M shares 30.00M shares
Diluted Shares Outstanding 30.00M shares 29.96M shares 30.00M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $37.40K $122.7K $34.32K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses $738.00
Receivables $29.33K $105.3K
Other Receivables $39.66K $33.92K
Total Short-Term Assets $168.7K $332.7K $35.06K
YoY Change 104.27% 848.88% 2336.55%
LONG-TERM ASSETS
Property, Plant & Equipment $193.9K $223.6K $462.00
YoY Change 50522.98% 48299.78% -40.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $33.41K $32.27K
YoY Change
Total Long-Term Assets $628.6K $717.9K $462.00
YoY Change 164013.32% 155280.95% -40.39%
TOTAL ASSETS
Total Short-Term Assets $168.7K $332.7K $35.06K
Total Long-Term Assets $628.6K $717.9K $462.00
Total Assets $797.3K $1.051M $35.52K
YoY Change 860.88% 2857.31% 1504.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $4.302K
YoY Change -49.95%
Deferred Revenue $1.600K
YoY Change -50.0%
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.155M $1.101M $68.06K
YoY Change 725.78% 1517.05% -6.51%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $483.8K $574.8K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.155M $1.101M $68.06K
Total Long-Term Liabilities $483.8K $574.8K
Total Liabilities $1.639M $1.675M $68.06K
YoY Change 1071.66% 2361.66% -6.51%
SHAREHOLDERS EQUITY
Retained Earnings -$1.101M -$903.2K -$306.1K
YoY Change 233.18% 195.11% 17.35%
Common Stock $30.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$841.7K -$624.8K -$32.53K
YoY Change
Total Liabilities & Shareholders Equity $797.3K $1.051M $35.52K
YoY Change 860.88% 2857.31% 1504.52%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$197.7K -$213.9K -$29.73K
YoY Change 711.17% 619.57% 40.85%
Depreciation, Depletion And Amortization $20.46K $78.00
YoY Change 26126.92% -1.27%
Cash From Operating Activities -$213.8K -$28.19K
YoY Change 658.51% 90.06%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$29.64K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $199.8K $62.16K
YoY Change 221.45% 3007.8%
NET CHANGE
Cash From Operating Activities -$213.8K -$28.19K
Cash From Investing Activities -$29.64K
Cash From Financing Activities $199.8K $62.16K
Net Change In Cash -$43.63K $33.97K
YoY Change -228.45% -364.77%
FREE CASH FLOW
Cash From Operating Activities -$213.8K -$28.19K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q2 us-gaap Cost Of Revenue
CostOfRevenue
usd
CY2023Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
usd
CY2023Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
usd
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
usd
CY2023Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
usd
CY2023Q2 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
usd
CY2024Q2 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
usd
CY2023Q2 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
usd
CY2023Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
usd
CY2023Q2 ACHN Increase Decrease In Others Accounts Payable
IncreaseDecreaseInOthersAccountsPayable
usd
CY2024Q2 ACHN Decrease In Contract Liability
DecreaseInContractLiability
usd
CY2023Q2 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
usd
CY2023Q2 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
usd
CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
CY2023Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
usd
CY2024Q2 us-gaap Interest Paid
InterestPaid
usd
CY2023Q2 us-gaap Interest Paid
InterestPaid
usd
CY2024Q2 ACHN Related Party Debt Forgiven As Additional Paidin Capital
RelatedPartyDebtForgivenAsAdditionalPaidinCapital
usd
CY2024Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
usd
CY2023Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
usd
CY2023Q2 ACHN Effective Income Tax Rate Reconciliation At Prc Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtPRCStatutoryIncomeTaxRate
pure
CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
pure
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
pure
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
pure
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
pure
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
usd
CY2024Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
usd
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
pure
CY2024Q2 ACHN Lessee Operating Lease Liability Payments Due After Year One
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearOne
usd
CY2024Q2 dei Document Type
DocumentType
10-Q
CY2024Q2 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2024Q2 dei Document Period End Date
DocumentPeriodEndDate
2024-06-30
CY2024Q2 dei Document Transition Report
DocumentTransitionReport
false
CY2024Q2 dei Entity File Number
EntityFileNumber
000-56157
CY2024Q2 dei Entity Registrant Name
EntityRegistrantName
Antiaging Quantum Living Inc.
CY2024Q2 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NY
CY2024Q2 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
47-2643986
CY2024Q2 dei Entity Address Address Line1
EntityAddressAddressLine1
133-27 39th Ave
CY2024Q2 dei Entity Address Address Line2
EntityAddressAddressLine2
Ths #PH2A
CY2024Q2 dei Entity Address City Or Town
EntityAddressCityOrTown
Flushing
CY2024Q2 dei Entity Address State Or Province
EntityAddressStateOrProvince
NY
CY2024Q2 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
11354
CY2024Q2 dei City Area Code
CityAreaCode
917
CY2024Q2 dei Local Phone Number
LocalPhoneNumber
470-5393
CY2024Q2 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2024Q2 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2024Q2 ACHN Accounts Payable Others Current
AccountsPayableOthersCurrent
14591 usd
CY2024Q1 ACHN Accounts Payable Others Current
AccountsPayableOthersCurrent
7422 usd
CY2024Q2 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
416570 usd
CY2024Q1 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
419229 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
158254 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
134903 usd
CY2024Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
243530 usd
CY2024Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
243530 usd
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-903211 usd
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-689303 usd
CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
4883 usd
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
2608 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-624803 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-413170 usd
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1050555 usd
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1012410 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
202069 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1200 usd
CY2024Q2 us-gaap Cost Of Revenue
CostOfRevenue
165 usd
CY2024Q2 us-gaap Gross Profit
GrossProfit
201904 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
1200 usd
CY2024Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
130933 usd
CY2024Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
284904 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
30927 usd
CY2024Q2 us-gaap Operating Expenses
OperatingExpenses
415837 usd
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
30927 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-213933 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-29727 usd
CY2024Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
25 usd
CY2024Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
25 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-213908 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-29727 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-213908 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-29727 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29955000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29955000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29995000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29995000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.0071
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.0071
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.0010
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.0010
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-213908 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-29727 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2275 usd
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-211633 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-29727 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-86107 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
83300 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-29727 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-32534 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-413170 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-413170 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-213908 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-213908 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
2275 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-624803 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-624803 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-213908 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-29727 usd
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20457 usd
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
78 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
78541 usd
CY2024Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3999 usd
CY2024Q2 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
6918 usd
CY2023Q2 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
738 usd
CY2024Q2 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
42476 usd
CY2024Q2 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
43368 usd
CY2023Q2 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
3401 usd
CY2024Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
314 usd
CY2024Q2 ACHN Increase Decrease In Others Accounts Payable
IncreaseDecreaseInOthersAccountsPayable
10464 usd
CY2023Q2 ACHN Decrease In Contract Liability
DecreaseInContractLiability
-1200 usd
CY2024Q2 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-99636 usd
CY2024Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-213793 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-28186 usd
CY2024Q2 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
29643 usd
CY2024Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-29643 usd
CY2024Q2 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
199803 usd
CY2023Q2 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
62156 usd
CY2024Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
199803 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
62156 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-43633 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
33970 usd
CY2024Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-268 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
166552 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
354 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
122651 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
34324 usd
CY2023Q2 ACHN Related Party Debt Forgiven As Additional Paidin Capital
RelatedPartyDebtForgivenAsAdditionalPaidinCapital
83300 usd
CY2024Q2 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NY
CY2024Q2 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2014-12-29
CY2024Q2 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_844_eus-gaap--UseOfEstimates_zd0j230SVyIe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86E_zjhNatD7GDdc">Use of Estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (the “SEC”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the Company’s financial statements in conformity with GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the financial statements and footnotes thereto. Actual results may differ from those estimates and assumptions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-903211 usd
CY2024Q2 ACHN Working Capital
WorkingCapital
-767839 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
251285 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
223103 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
27678 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7333 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
223607 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
215770 usd
CY2024Q2 us-gaap Depreciation
Depreciation
20457 usd
CY2023Q2 us-gaap Depreciation
Depreciation
78 usd
CY2024Q2 us-gaap Long Term Loans Payable
LongTermLoansPayable
416570 usd
CY2024Q1 us-gaap Long Term Loans Payable
LongTermLoansPayable
419229 usd
CY2024Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2026-10-19
CY2024Q2 us-gaap Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
Net operation losses (“NOLs”) can carry forward indefinitely up to offset 80% of taxable income after CARES Act effect on December 31, 2017
CY2024Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
111000 usd
CY2024Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
97000 usd
CY2024Q2 ACHN Effective Taxable Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveTaxableIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.165 pure
CY2008Q1 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.25 pure
CY2008Q1 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.25 pure
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-213908 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-29727 usd
CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.075 pure
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.075 pure
CY2024Q2 ACHN Effective Income Tax Rate Reconciliation At Prc Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtPRCStatutoryIncomeTaxRate
0.250 pure
CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.535 pure
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.285 pure
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000 shares
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
6000000000 shares
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000 shares
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
0 shares
CY2024Q2 ACHN Lessee Operating Lease Borrowing Rate
LesseeOperatingLeaseBorrowingRate
0.0475 pure
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
78541 usd
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
78541 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y6M
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0475 pure
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
461986 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
539946 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
316508 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
314775 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
324099 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
324099 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7591 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
316508 usd

Files In Submission

Name View Source Status
0001493152-24-031444-index-headers.html Edgar Link pending
0001493152-24-031444-index.html Edgar Link pending
0001493152-24-031444.txt Edgar Link pending
0001493152-24-031444-xbrl.zip Edgar Link pending
achn-20240630.xsd Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
achn-20240630_def.xml Edgar Link unprocessable
achn-20240630_lab.xml Edgar Link unprocessable
achn-20240630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
achn-20240630_cal.xml Edgar Link unprocessable