$LNBY
Landbay Inc

2024 Q4 Form 10-Q Financial Statement

#000149315224046709 Filed on November 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $2.059K $3.178K
YoY Change -35.21%
Cost Of Revenue $1.658K $2.872K
YoY Change -42.27%
Gross Profit $401.00 $306.00
YoY Change 31.05%
Gross Profit Margin 19.48% 9.63%
Selling, General & Admin $8.100K
YoY Change 14.89%
% of Gross Profit 2647.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $8.545K $8.095K
YoY Change 5.56% 14.86%
Operating Profit -$8.144K -$7.789K
YoY Change 4.56% 10.51%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $20.00 -$57.00
YoY Change -135.09%
Pretax Income -$8.124K -$7.850K
YoY Change 3.49% 11.35%
Income Tax $105.00
% Of Pretax Income
Net Earnings -$8.229K -$7.846K
YoY Change 4.88% 11.32%
Net Earnings / Revenue -399.66% -246.88%
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 30.00M shares
Diluted Shares Outstanding 30.00M shares 30.00M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.460K
YoY Change 40.0%
Cash & Equivalents $370.00 $5.462K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $4.622K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $370.00 $10.08K
YoY Change -96.33% -33.5%
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 $10.08K
Total Long-Term Assets $0.00 $0.00
Total Assets $370.00 $10.08K
YoY Change -96.33% -33.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $2.500K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $116.2K
YoY Change 41.05%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $52.42K $119.0K
YoY Change -55.94% 44.43%
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 $119.0K
Total Long-Term Liabilities $0.00
Total Liabilities $52.42K $119.0K
YoY Change -55.94% 44.43%
SHAREHOLDERS EQUITY
Retained Earnings -$510.1K -$464.5K
YoY Change 9.81% 9.86%
Common Stock $30.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$52.05K -$108.9K
YoY Change
Total Liabilities & Shareholders Equity $370.00 $10.08K
YoY Change -96.33% -33.5%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$8.229K -$7.846K
YoY Change 4.88% 11.32%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $11.94K
YoY Change -150.06%
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 9.500K
YoY Change 648.03%
NET CHANGE
Cash From Operating Activities 11.94K
Cash From Investing Activities
Cash From Financing Activities 9.500K
Net Change In Cash 21.44K
YoY Change -194.95%
FREE CASH FLOW
Cash From Operating Activities $11.94K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Gross Profit
GrossProfit
306 usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2025
CY2024Q3 us-gaap Cash
Cash
370 usd
CY2024Q3 us-gaap Loans Payable Current
LoansPayableCurrent
52370 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
52417 usd
CY2024Q3 us-gaap Liabilities
Liabilities
52417 usd
CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
428054 usd
dei Entity Central Index Key
EntityCentralIndexKey
0001672572
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
LNBY Loan Forgiveness By Related Parties
LoanForgivenessByRelatedParties
usd
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
pure
LNBY Non Entities Effective Income Tax Rate Reconciliation Income Tax Rate
NonEntitiesEffectiveIncomeTaxRateReconciliationIncomeTaxRate
pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
pure
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-56182
dei Entity Registrant Name
EntityRegistrantName
LANDBAY INC
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NY
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
81-1260549
dei Entity Address Address Line1
EntityAddressAddressLine1
Room 3501
dei Entity Address Address Line2
EntityAddressAddressLine2
EFC Building, Yuhang District
dei Entity Address City Or Town
EntityAddressCityOrTown
Hangzhou City
dei Entity Address Country
EntityAddressCountry
CN
dei City Area Code
CityAreaCode
+86
dei Local Phone Number
LocalPhoneNumber
18621851468
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
30000000 shares
CY2024Q1 us-gaap Cash
Cash
8761 usd
CY2024Q3 us-gaap Assets Current
AssetsCurrent
370 usd
CY2024Q1 us-gaap Assets Current
AssetsCurrent
8761 usd
CY2024Q3 us-gaap Assets
Assets
370 usd
CY2024Q1 us-gaap Assets
Assets
8761 usd
CY2024Q3 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
47 usd
CY2024Q1 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
1966 usd
CY2024Q1 us-gaap Loans Payable Current
LoansPayableCurrent
104187 usd
CY2024Q1 us-gaap Liabilities Current
LiabilitiesCurrent
106153 usd
CY2024Q1 us-gaap Liabilities
Liabilities
106153 usd
CY2024Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
325659 usd
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
7 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-510108 usd
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-453051 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-52047 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-97392 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
370 usd
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8761 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2059 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3178 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2059 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3178 usd
CY2024Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1658 usd
CY2023Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2872 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1658 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2872 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
401 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
306 usd
us-gaap Gross Profit
GrossProfit
401 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8545 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8095 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
57396 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
24895 usd
CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
8545 usd
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
8095 usd
us-gaap Operating Expenses
OperatingExpenses
57396 usd
us-gaap Operating Expenses
OperatingExpenses
24895 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-8144 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-7789 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-56995 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-24589 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
20 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-57 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
43 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-37 usd
CY2024Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
20 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-57 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
43 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-37 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8124 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7846 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-56952 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-24626 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
105 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
105 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-8229 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-7846 usd
us-gaap Net Income Loss
NetIncomeLoss
-57057 usd
us-gaap Net Income Loss
NetIncomeLoss
-24626 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
7 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
7 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-8222 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-7846 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-57050 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-24626 usd
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30000000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30000000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30000000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30000000 shares
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-43825 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-8229 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-52047 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-97392 usd
LNBY Adjustments To Additional Paid In Capital Loan Forgiveness By Related Parties
AdjustmentsToAdditionalPaidInCapitalLoanForgivenessByRelatedParties
102395 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7 usd
us-gaap Net Income Loss
NetIncomeLoss
-57057 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-52047 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-101035 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-7846 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-108881 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-84255 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-84255 usd
us-gaap Net Income Loss
NetIncomeLoss
-24626 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-108881 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-108881 usd
us-gaap Net Income Loss
NetIncomeLoss
-57057 usd
us-gaap Net Income Loss
NetIncomeLoss
-24626 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2872 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
47 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2500 usd
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-1966 usd
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-117 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-58976 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-19371 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
52456 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
16728 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
1878 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
50578 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16728 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8391 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2643 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
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
370 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5462 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
105 usd
LNBY Loan Forgiveness By Related Parties
LoanForgivenessByRelatedParties
102395 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
401 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_843_eus-gaap--UseOfEstimates_zyX0yH5INwXk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_zZ0cXFgkRHq3">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 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: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated 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: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_843_eus-gaap--ConcentrationRiskCreditRisk_zSdLt8ZK6SRg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_862_zAigSrQXvvm">Concentration</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 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: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the three and six months ended September 30, 2024, the Company generated <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240701__20240930__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneCustomerMember_zEC0O82pSEUc" title="Revenue, percentage"><span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240401__20240930__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneCustomerMember_zx48PvbhH6He" title="Revenue, percentage">100</span></span>% of its revenue from one customer. During the three and six months ended September 30, 2023, the Company generated <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230701__20230930__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneCustomerMember_zBzpHZNsfng" title="Revenue, percentage"><span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230401__20230930__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneCustomerMember_zcgcI35oAVS4" title="Revenue, percentage">100</span></span>% of its revenue from an individual customer. The Company’s cost of revenues consisted of <span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240701__20240930__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneVendorMember_z6sQBMQhDiSi" title="Revenue, percentage"><span id="xdx_907_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240401__20240930__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneVendorMember_zxYCz9wtVrnc" title="Revenue, percentage">100</span></span>% purchases from one vendor for the three and six months ended September 30, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2023Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-56952 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-24626 usd
CY2024Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
120000 usd
CY2024Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
109057 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.21 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.21 pure
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.25 pure
LNBY Non Entities Effective Income Tax Rate Reconciliation Income Tax Rate
NonEntitiesEffectiveIncomeTaxRateReconciliationIncomeTaxRate
0.2518 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0018 pure

Files In Submission

Name View Source Status
0001493152-24-046709-index-headers.html Edgar Link pending
0001493152-24-046709-index.html Edgar Link pending
0001493152-24-046709.txt Edgar Link pending
0001493152-24-046709-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
lnby-20240930.xsd 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
R3.htm Edgar Link pending
R4.htm Edgar Link pending
lnby-20240930_def.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
lnby-20240930_cal.xml Edgar Link unprocessable
lnby-20240930_lab.xml Edgar Link unprocessable
lnby-20240930_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
R5.htm Edgar Link pending
R6.htm Edgar Link pending
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