2024 Q3 Form 10-Q Financial Statement
#000149315224032173 Filed on August 14, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
Revenue | $2.059K | |
YoY Change | -35.21% | |
Cost Of Revenue | $1.658K | |
YoY Change | -42.27% | |
Gross Profit | $401.00 | |
YoY Change | 31.05% | |
Gross Profit Margin | 19.48% | |
Selling, General & Admin | ||
YoY Change | ||
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $8.545K | $48.85K |
YoY Change | 5.56% | 190.78% |
Operating Profit | -$8.144K | -$48.85K |
YoY Change | 4.56% | 190.78% |
Interest Expense | ||
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | $20.00 | $23.00 |
YoY Change | -135.09% | 15.0% |
Pretax Income | -$8.124K | |
YoY Change | 3.49% | |
Income Tax | $105.00 | |
% Of Pretax Income | ||
Net Earnings | -$8.229K | -$48.83K |
YoY Change | 4.88% | 190.99% |
Net Earnings / Revenue | -399.66% | |
Basic Earnings Per Share | $0.00 | $0.00 |
Diluted Earnings Per Share | $0.00 | $0.00 |
COMMON SHARES | ||
Basic Shares Outstanding | 30.00M shares | 30.00M shares |
Diluted Shares Outstanding | 30.00M shares | 30.00M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $0.00 | |
YoY Change | ||
Cash & Equivalents | $370.00 | |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $370.00 | |
YoY Change | -96.33% | |
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 |
YoY Change | ||
TOTAL ASSETS | ||
Total Short-Term Assets | $370.00 | |
Total Long-Term Assets | $0.00 | $0.00 |
Total Assets | $370.00 | |
YoY Change | -96.33% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | ||
YoY Change | ||
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $43.83K | |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $52.42K | $43.83K |
YoY Change | -55.94% | -60.66% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | |
YoY Change | ||
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $0.00 | |
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $52.42K | $43.83K |
Total Long-Term Liabilities | $0.00 | |
Total Liabilities | $52.42K | $43.83K |
YoY Change | -55.94% | -60.66% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$510.1K | -$501.9K |
YoY Change | 9.81% | 9.89% |
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$52.05K | -$43.83K |
YoY Change | ||
Total Liabilities & Shareholders Equity | $370.00 | |
YoY Change | -96.33% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$8.229K | -$48.83K |
YoY Change | 4.88% | 190.99% |
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | -$50.79K | |
YoY Change | 320.55% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | ||
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 | $42.03K | |
YoY Change | 513.8% | |
NET CHANGE | ||
Cash From Operating Activities | -$50.79K | |
Cash From Investing Activities | ||
Cash From Financing Activities | $42.03K | |
Net Change In Cash | -$8.761K | |
YoY Change | 67.51% | |
FREE CASH FLOW | ||
Cash From Operating Activities | -$50.79K | |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2024Q2 | us-gaap |
Cash
Cash
|
usd | |
CY2024Q2 | us-gaap |
Assets Current
AssetsCurrent
|
usd | |
CY2024Q2 | us-gaap |
Assets
Assets
|
usd | |
CY2024Q2 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
usd | |
CY2024Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
usd | |
CY2024Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
usd | |
CY2023Q2 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
usd | |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
usd | |
CY2024Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2023Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2024Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2023Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2023Q2 | LNBY |
Loan Forgiveness By Related Parties
LoanForgivenessByRelatedParties
|
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
|
000-56182 | |
CY2024Q2 | dei |
Entity Registrant Name
EntityRegistrantName
|
LANDBAY INC | |
CY2024Q2 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NY | |
CY2024Q2 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
81-1260549 | |
CY2024Q2 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
Room 3501 | |
CY2024Q2 | dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
EFC Building, Yuhang District | |
CY2024Q2 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Hangzhou City | |
CY2024Q2 | dei |
Entity Address Country
EntityAddressCountry
|
CN | |
CY2024Q2 | dei |
City Area Code
CityAreaCode
|
+86 | |
CY2024Q2 | dei |
Local Phone Number
LocalPhoneNumber
|
18621851468 | |
CY2024Q2 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2024Q2 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
CY2024Q2 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2024Q2 | dei |
Entity Small Business
EntitySmallBusiness
|
true | |
CY2024Q2 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | |
CY2024Q2 | dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
false | |
CY2024Q2 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
CY2024Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
30000000 | shares |
CY2024Q2 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
43825 | usd |
CY2024Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
43825 | usd |
CY2024Q2 | us-gaap |
Liabilities
Liabilities
|
43825 | usd |
CY2024Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
428054 | usd |
CY2024Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-501879 | usd |
CY2024Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-453051 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-43825 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-97392 | usd |
CY2024Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
8761 | usd |
CY2024Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
48851 | usd |
CY2023Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
16800 | usd |
CY2024Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
48851 | usd |
CY2023Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
16800 | usd |
CY2024Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-48851 | usd |
CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-16800 | usd |
CY2024Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
23 | usd |
CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
20 | usd |
CY2024Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
23 | usd |
CY2023Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
20 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-48828 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16780 | usd |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
30000000 | shares |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
30000000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
30000000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
30000000 | shares |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-97392 | usd |
CY2024Q2 | LNBY |
Adjustments To Additional Paid In Capital Loan Forgiveness By Related Parties
AdjustmentsToAdditionalPaidInCapitalLoanForgivenessByRelatedParties
|
102395 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-48828 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-43825 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-84255 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-84255 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16780 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-101035 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-101035 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-48828 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16780 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
5100 | usd |
CY2024Q2 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
-1966 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
-398 | usd |
CY2024Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-50794 | usd |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-12078 | usd |
CY2024Q2 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
43911 | usd |
CY2023Q2 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
6848 | usd |
CY2024Q2 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
1878 | usd |
CY2024Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
42033 | usd |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6848 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-8761 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-5230 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
8761 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
8105 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
2875 | usd |
CY2024Q2 | LNBY |
Loan Forgiveness By Related Parties
LoanForgivenessByRelatedParties
|
102395 | usd |
CY2024Q2 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84C_eus-gaap--UseOfEstimates_zrtpu4e4CqS5" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86B_z2a3J2IA7557">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 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. 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: 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-48828 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16780 | usd |
CY2024Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
120000 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
109057 | usd |