$LNBY
Landbay Inc

2022 Q3 Form 10-Q Financial Statement

#000149315222022874 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $7.348K $8.370K
YoY Change
Cost Of Revenue $5.460K
YoY Change
Gross Profit $7.348K $2.910K
YoY Change
Gross Profit Margin 100.0% 34.77%
Selling, General & Admin $7.050K $20.91K $10.10K
YoY Change -25.55% 6.52% -40.41%
% of Gross Profit 284.57% 347.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00
YoY Change -100.0% -100.0%
% of Gross Profit 0.0% 0.0%
Operating Expenses $7.048K $20.91K $10.10K
YoY Change -25.58% 6.54% -40.41%
Operating Profit -$7.048K -$13.57K -$7.190K
YoY Change -21.43% -30.89% -57.58%
Interest Expense $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
% of Operating Profit
Other Income/Expense, Net -$50.00
YoY Change -600.0%
Pretax Income -$7.050K -$13.57K -$7.240K
YoY Change -15.06% -27.67% -95.31%
Income Tax
% Of Pretax Income
Net Earnings -$7.048K -$13.57K -$7.240K
YoY Change -15.08% -27.68% -95.31%
Net Earnings / Revenue -184.61% -86.5%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share -$235.00 -$452.30 -$241.30
COMMON SHARES
Basic Shares Outstanding 30.00M shares 30.00M shares
Diluted Shares Outstanding 30.00M shares 30.00M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.900K $26.48K $26.14K
YoY Change -91.65% 976.42% 294.27%
Cash & Equivalents $3.899K $26.48K $26.14K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $11.27K
Prepaid Expenses
Receivables $9.115K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $15.17K $26.48K $35.26K
YoY Change -73.56% -59.61% -44.61%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL ASSETS
Total Short-Term Assets $15.17K $26.48K $35.26K
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $15.17K $26.48K $35.26K
YoY Change -73.56% -59.61% -45.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $5.528K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $82.37K $81.10K $81.10K
YoY Change 1.57% 0.0% 21.72%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $82.37K $86.63K $81.84K
YoY Change 1.42% 6.82% 22.83%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $82.37K $86.63K $81.84K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $82.37K $86.63K $81.84K
YoY Change 1.42% 6.82% 22.83%
SHAREHOLDERS EQUITY
Retained Earnings -$422.9K -$415.8K -$402.2K
YoY Change
Common Stock $30.00K $30.00K $30.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$67.20K -$60.15K -$46.59K
YoY Change
Total Liabilities & Shareholders Equity $15.17K $26.48K $35.26K
YoY Change -73.56% -59.61% -45.46%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$7.048K -$13.57K -$7.240K
YoY Change -15.08% -27.68% -95.31%
Depreciation, Depletion And Amortization $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Operating Activities -$23.85K $335.00 -$10.15K
YoY Change 192.28% -101.8% -82.36%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.270K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -23.85K $335.00 -10.15K
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities 1.270K 0.000
Net Change In Cash -22.58K $335.00 -10.15K
YoY Change -151.04% -108.02% -3.33%
FREE CASH FLOW
Cash From Operating Activities -$23.85K $335.00 -$10.15K
Capital Expenditures
Free Cash Flow
YoY Change

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<p id="xdx_841_eus-gaap--UseOfEstimates_znK33FQ4uFB7" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Use of Estimates</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts and timing of revenues and expenses, the reported amounts and classification of assets and liabilities, and the disclosure of contingent assets and liabilities. Significant areas requiring the use of estimates are assessing the allowance of doubtful account and collectible of notes receivable. These estimates and assumptions are based on the Company’s historical results as well as management’s future expectations. The Company’s actual results may vary from those estimates and assumptions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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Files In Submission

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