$WYGC
Longwen Group Corp. Stock $wygc

$wygc Overview Financials Valuation SEC Filings Company Website

2023 Q1 Form 10-K Financial Statement

#000101738623000130 Filed on March 29, 2023

Income Statement

Concept	2023 Q1	2022 Q4	2022
Revenue	$240.7K	$21.83K	$41.14K
YoY Change	20455.85%
Cost Of Revenue	$201.4K
YoY Change
Gross Profit	$39.35K		$41.14K
YoY Change	3260.72%
Gross Profit Margin	16.35%		100.0%
Selling, General & Admin	$83.91K	$571.7K	$255.7K
YoY Change	761.45%		3833.71%
% of Gross Profit	213.21%		621.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.305K	$3.100K	$4.434K
YoY Change	2211.19%
% of Gross Profit	8.4%		10.78%
Operating Expenses	$657.1K	$571.7K	$787.2K
YoY Change	1375.88%		12010.35%
Operating Profit	-$618.2K		-$746.4K
YoY Change	1329.47%		-95.22%
Interest Expense	-$60.00	-$130.00	$500.00
YoY Change	-148.0%		0.0%
% of Operating Profit
Other Income/Expense, Net	-$490.00	$80.00	$110.00
YoY Change
Pretax Income	-$618.3K	-$549.9K	-$746.4K
YoY Change			-95.22%
Income Tax	$843.00	$0.00
% Of Pretax Income
Net Earnings	-$619.1K	-$549.9K	-$746.4K
YoY Change	1331.42%		-95.22%
Net Earnings / Revenue	-257.19%	-2518.83%	-1814.49%
Basic Earnings Per Share	-$0.01		-$0.01
Diluted Earnings Per Share	-$0.01	-$0.01	-$0.01
COMMON SHARES
Basic Shares Outstanding	79.11M shares	69.53M shares	67.22M shares
Diluted Shares Outstanding	78.01M shares

Balance Sheet

Concept	2023 Q1	2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$20.80K	$68.12K
YoY Change
Cash & Equivalents	$20.80K	$68.12K
Short-Term Investments
Other Short-Term Assets	$23.87K	$58.41K
YoY Change
Inventory	$41.78K
Prepaid Expenses	$23.87K	$58.41K
Receivables	$226.6K
Other Receivables	$0.00
Total Short-Term Assets	$313.1K	$126.5K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment	$272.4K	$274.4K
YoY Change
Goodwill	$1.132K	$1.132K
YoY Change
Intangibles	$3.458K	$3.625K
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$277.0K	$279.1K
YoY Change
TOTAL ASSETS
Total Short-Term Assets	$313.1K	$126.5K
Total Long-Term Assets	$277.0K	$279.1K
Total Assets	$590.1K	$405.7K
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$212.5K	$31.96K
YoY Change		2358.62%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$224.1K	$102.7K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$436.6K	$134.7K
YoY Change		894.14%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$436.6K	$134.7K
Total Long-Term Liabilities	$0.00	$0.00
Total Liabilities	$436.6K	$134.7K
YoY Change		894.14%
SHAREHOLDERS EQUITY
Retained Earnings	-$19.65M	-$19.03M
YoY Change		4.08%
Common Stock	$7.911K	$7.411K
YoY Change		13.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$153.5K	$271.0K
YoY Change
Total Liabilities & Shareholders Equity	$590.1K	$405.7K
YoY Change

Cashflow Statement

Concept	2023 Q1	2022 Q4	2022
OPERATING ACTIVITIES
Net Income	-$619.1K	-$549.9K	-$746.4K
YoY Change	1331.42%		-95.22%
Depreciation, Depletion And Amortization	$3.305K	$3.100K	$4.434K
YoY Change	2211.19%
Cash From Operating Activities	-$167.7K	-$66.05K	-$342.2K
YoY Change	115.7%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	-$220.00	$7.530K
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$0.00	-$3.530K	-$3.520K
YoY Change
Cash From Investing Activities		-$3.300K	-$11.05K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$334.9K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$119.9K	-150.5K	$426.7K
YoY Change	-39.52%
NET CHANGE
Cash From Operating Activities	-$167.7K	-66.05K	-$342.2K
Cash From Investing Activities		-3.300K	-$11.05K
Cash From Financing Activities	$119.9K	-150.5K	$426.7K
Net Change In Cash	-$47.32K	-219.9K	$68.12K
YoY Change	-141.32%
FREE CASH FLOW
Cash From Operating Activities	-$167.7K	-$66.05K	-$342.2K
Capital Expenditures	$0.00	-$220.00	$7.530K
Free Cash Flow	-$167.7K	-$65.83K	-$349.7K
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2022	dei	Amendment Flag AmendmentFlag	false
CY2022	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
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CY2022	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
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CY2022	dei	Entity File Number EntityFileNumber	000-11596
CY2022	dei	Entity Registrant Name EntityRegistrantName	LONGWEN GROUP CORP.
CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
CY2022	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	95-3506403
CY2022	dei	Entity Address Address Line1 EntityAddressAddressLine1	No. 25
CY2022	dei	Entity Address Address Line2 EntityAddressAddressLine2	Caihe Rd
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CY2022	dei	Entity Address Country EntityAddressCountry	CN
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CY2022	dei	Local Phone Number LocalPhoneNumber	85128985
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CY2022	dei	Auditor Firm AuditorFirmId	2485
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CY2022Q1	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	993	usd
CY2022Q4	us-gaap	Acquisition Costs AcquisitionCosts	1000
CY2022Q4	us-gaap	Acquisition Costs AcquisitionCosts	141	usd
CY2022Q4	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	139	usd
CY2022	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_84F_eus-gaap--UseOfEstimates_zvB3ET6Iyg2l" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration: underline">Use of Estimates</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of the Company’s consolidated 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. Significant estimates are used in the useful lives and impairment of property and equipment, the valuation of deferred tax assets, share-based compensation, accounting estimates used in the business combination, among others.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2022Q4	us-gaap	Deferred Tax Assets Capital Loss Carryforwards DeferredTaxAssetsCapitalLossCarryforwards	541725	usd
CY2021Q4	us-gaap	Deferred Tax Assets Capital Loss Carryforwards DeferredTaxAssetsCapitalLossCarryforwards	474226	usd
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	541725	usd
CY2021Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	474226	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-746426	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-19027835	usd
CY2022Q4	lwlw	Prepaid Consulting Fees Current PrepaidConsultingFeesCurrent	38000	usd
CY2022Q4	us-gaap	Prepaid Rent PrepaidRent	14903	usd
CY2022Q4	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	5510	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	58413	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	7419	usd
CY2022Q4	us-gaap	Land Land	271319	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	4368	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	274370	usd
	us-gaap	Stock Issued During Period Shares Purchase Of Assets StockIssuedDuringPeriodSharesPurchaseOfAssets	2651780	shares
	us-gaap	Stock Issued During Period Value Purchase Of Assets StockIssuedDuringPeriodValuePurchaseOfAssets	265178	usd
	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	2108	usd
CY2022	us-gaap	Property Plant And Equipment Gross Period Increase Decrease PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease	8249	usd
CY2022Q4	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	263070	usd
CY2022	us-gaap	Depreciation Nonproduction DepreciationNonproduction	4434	usd
CY2022	us-gaap	Depreciation Expense On Reclassified Assets DepreciationExpenseOnReclassifiedAssets	66	usd
CY2022	us-gaap	Business Development BusinessDevelopment	3517	usd
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	3625	usd
CY2022	us-gaap	Finite Lived Intangible Assets Purchase Accounting Adjustments FiniteLivedIntangibleAssetsPurchaseAccountingAdjustments	108	usd
CY2021	us-gaap	Administrative Fees Expense AdministrativeFeesExpense	6500	usd
CY2021	us-gaap	Stock Issued During Period Value Conversion Of Units StockIssuedDuringPeriodValueConversionOfUnits	15600000	usd
CY2021	us-gaap	Debtor Reorganization Items Gain Loss On Settlement Of Other Claims Net1 DebtorReorganizationItemsGainLossOnSettlementOfOtherClaimsNet1	-15593500	usd
CY2019Q4	us-gaap	Interest Expense Short Term Borrowings InterestExpenseShortTermBorrowings	300	usd
CY2022	us-gaap	Interest Expense InterestExpense	500	usd
CY2021	us-gaap	Interest Expense InterestExpense	500	usd
CY2022Q4	us-gaap	Loans Payable To Bank Current LoansPayableToBankCurrent	12250	usd
CY2021Q4	us-gaap	Loans Payable To Bank Current LoansPayableToBankCurrent	12250	usd
CY2022	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	267097	usd
CY2022	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	1900000
CY2022	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	75757	usd
CY2022	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	500000
CY2022Q4	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	212119	usd
CY2022Q4	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	1400000
CY2022Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	19000000.0	usd
CY2021Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	18300000	usd
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2022	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-156749	usd
CY2021	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-3276105	usd
CY2022	us-gaap	Income Tax Reconciliation Tax Exempt Income IncomeTaxReconciliationTaxExemptIncome	89250	usd
CY2021	us-gaap	Income Tax Reconciliation Tax Exempt Income IncomeTaxReconciliationTaxExemptIncome	3274635	usd
CY2022	us-gaap	Deferred Taxes Business Combination Valuation Allowance Available To Reduce Income Tax Expense DeferredTaxesBusinessCombinationValuationAllowanceAvailableToReduceIncomeTaxExpense	67499	usd
CY2021	us-gaap	Deferred Taxes Business Combination Valuation Allowance Available To Reduce Income Tax Expense DeferredTaxesBusinessCombinationValuationAllowanceAvailableToReduceIncomeTaxExpense	1470	usd
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	74108926	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	74108926	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	65127061	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	65127061	shares
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	10000000	shares
CY2022	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	4250000	shares
CY2022	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	425000	usd
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	5750000	shares
CY2022	us-gaap	Proceeds From Contributed Capital ProceedsFromContributedCapital	91783	usd
CY2022	us-gaap	Debt Instrument Increase Decrease Other Net DebtInstrumentIncreaseDecreaseOtherNet	1289	usd
CY2022Q4	us-gaap	Capital Lease Obligations CapitalLeaseObligations	41781	usd
CY2022Q4	us-gaap	Cash Uninsured Amount CashUninsuredAmount	500000
CY2023Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	5000000	shares
CY2023Q1	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	500000	usd

Files In Submission

Name	View Source	Status
0001017386-23-000130-index-headers.html	Edgar Link	pending
0001017386-23-000130-index.html	Edgar Link	pending
0001017386-23-000130.txt	Edgar Link	pending
0001017386-23-000130-xbrl.zip	Edgar Link	pending
exhibit_21.htm	Edgar Link	pending
exhibit_31-1.htm	Edgar Link	pending
exhibit_31-2.htm	Edgar Link	pending
exhibit_32-1.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
image_001.jpg	Edgar Link	pending
image_002.jpg	Edgar Link	pending
lwlw-20221231.xsd	Edgar Link	pending
lwlw_2022dec31-10k.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
FilingSummary.xml	Edgar Link	unprocessable
lwlw-20221231_def.xml	Edgar Link	unprocessable
lwlw-20221231_cal.xml	Edgar Link	unprocessable
lwlw-20221231_lab.xml	Edgar Link	unprocessable
lwlw-20221231_pre.xml	Edgar Link	unprocessable
lwlw_2022dec31-10k_htm.xml	Edgar Link	completed
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
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

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$WYGC
Longwen Group Corp. Stock $wygc

2023 Q1 Form 10-K Financial Statement

#000101738623000130 Filed on March 29, 2023

Income Statement

Balance Sheet

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$WYGC Longwen Group Corp. Stock $wygc

2023 Q1 Form 10-K Financial Statement

#000101738623000130 Filed on March 29, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WYGC
Longwen Group Corp. Stock $wygc