2023 Q2 Form 10-Q Financial Statement

#000101738623000204 Filed on May 12, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q4
Revenue $1.204M $240.7K $21.83K
YoY Change 17579.98% 20455.85%
Cost Of Revenue $1.087M $201.4K
YoY Change
Gross Profit $116.4K $39.35K
YoY Change 1609.94% 3260.72%
Gross Profit Margin 9.67% 16.35%
Selling, General & Admin $127.4K $83.91K $571.7K
YoY Change 74.39% 761.45%
% of Gross Profit 109.45% 213.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.222K $3.305K $3.100K
YoY Change 463.29% 2211.19%
% of Gross Profit 2.77% 8.4%
Operating Expenses $236.5K $657.1K $571.7K
YoY Change -297.68% 1375.88%
Operating Profit -$121.5K -$618.2K
YoY Change 7.5% 1329.47%
Interest Expense -$60.00 -$130.00
YoY Change -148.0%
% of Operating Profit
Other Income/Expense, Net -$186.00 -$490.00 $80.00
YoY Change
Pretax Income -$618.3K -$549.9K
YoY Change
Income Tax $2.415K $843.00 $0.00
% Of Pretax Income
Net Earnings -$123.9K -$619.1K -$549.9K
YoY Change 9.64% 1331.42%
Net Earnings / Revenue -10.29% -257.19% -2518.83%
Basic Earnings Per Share $0.00 -$0.01
Diluted Earnings Per Share $0.00 -$0.01 -$0.01
COMMON SHARES
Basic Shares Outstanding 79.11M shares 79.11M shares 69.53M shares
Diluted Shares Outstanding 79.20M shares 78.01M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.80K $68.12K
YoY Change
Cash & Equivalents $8.539K $20.80K $68.12K
Short-Term Investments
Other Short-Term Assets $23.87K $58.41K
YoY Change
Inventory $39.57K $41.78K
Prepaid Expenses $53.66K $23.87K $58.41K
Receivables $226.6K
Other Receivables $0.00
Total Short-Term Assets $555.9K $313.1K $126.5K
YoY Change 440.85%
LONG-TERM ASSETS
Property, Plant & Equipment $255.1K $272.4K $274.4K
YoY Change 3584.01%
Goodwill $1.132K $1.132K $1.132K
YoY Change 14.0%
Intangibles $3.103K $3.458K $3.625K
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $259.3K $277.0K $279.1K
YoY Change 3175.43%
TOTAL ASSETS
Total Short-Term Assets $555.9K $313.1K $126.5K
Total Long-Term Assets $259.3K $277.0K $279.1K
Total Assets $815.2K $590.1K $405.7K
YoY Change 636.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $436.5K $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 $651.8K $436.6K $134.7K
YoY Change 609.33% 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 $651.8K $436.6K $134.7K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $651.8K $436.6K $134.7K
YoY Change 609.33% 894.14%
SHAREHOLDERS EQUITY
Retained Earnings -$19.77M -$19.65M -$19.03M
YoY Change 7.23% 4.08%
Common Stock $7.983K $7.911K $7.411K
YoY Change 21.38% 13.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $163.4K $153.5K $271.0K
YoY Change
Total Liabilities & Shareholders Equity $815.2K $590.1K $405.7K
YoY Change 636.44%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income -$123.9K -$619.1K -$549.9K
YoY Change 9.64% 1331.42%
Depreciation, Depletion And Amortization $3.222K $3.305K $3.100K
YoY Change 463.29% 2211.19%
Cash From Operating Activities -$167.7K -$66.05K
YoY Change 115.7%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$220.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 -$3.530K
YoY Change
Cash From Investing Activities -$3.300K
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 $119.9K -150.5K
YoY Change -39.52%
NET CHANGE
Cash From Operating Activities -$167.7K -66.05K
Cash From Investing Activities -3.300K
Cash From Financing Activities $119.9K -150.5K
Net Change In Cash -$47.32K -219.9K
YoY Change -141.32%
FREE CASH FLOW
Cash From Operating Activities -$167.7K -$66.05K
Capital Expenditures $0.00 -$220.00
Free Cash Flow -$167.7K -$65.83K
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 lwlw Online Product Sales
OnlineProductSales
usd
CY2022Q1 lwlw Aquaculture Product Sales Net
AquacultureProductSalesNet
usd
CY2023Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000723533
CY2023Q1 dei Amendment Flag
AmendmentFlag
false
CY2023Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q1 lwlw Online Product Sales Expenses
OnlineProductSalesExpenses
usd
CY2022Q1 lwlw Acquaculture Product Sales Expenses
AcquacultureProductSalesExpenses
usd
CY2022Q1 us-gaap Cost Of Revenue
CostOfRevenue
usd
CY2022Q1 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022Q1 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
usd
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
usd
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
usd
CY2023Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
usd
CY2023Q1 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
CY2023Q1 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
usd
CY2022Q1 us-gaap Proceeds From Loans
ProceedsFromLoans
usd
CY2022Q1 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
CY2023Q1 us-gaap Acquisition Costs
AcquisitionCosts
usd
CY2022Q1 us-gaap Notes Reduction
NotesReduction
usd
CY2023Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
usd
CY2023Q1 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
usd
CY2022Q1 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
usd
CY2023Q1 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
usd
CY2022Q1 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
usd
CY2023Q1 dei Document Type
DocumentType
10-Q
CY2023Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2023Q1 dei Document Period End Date
DocumentPeriodEndDate
2023-03-31
CY2023Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2023Q1 dei Entity File Number
EntityFileNumber
000-11596
CY2023Q1 dei Entity Registrant Name
EntityRegistrantName
LONGWEN GROUP CORP.
CY2023Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
CY2023Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
95-3506403
CY2023Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
No. 25
CY2023Q1 dei Entity Address Address Line2
EntityAddressAddressLine2
Caihe Rd
CY2023Q1 dei Entity Address Address Line3
EntityAddressAddressLine3
Shangcheng Dist.
CY2023Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Hangzhou
CY2023Q1 dei Entity Address Country
EntityAddressCountry
CN
CY2023Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
310000
CY2023Q1 dei City Area Code
CityAreaCode
+86 0571
CY2023Q1 dei Local Phone Number
LocalPhoneNumber
85128985
CY2023Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2023Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2023Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2023Q1 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2023Q1 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
79108925 shares
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20798 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
68121 usd
CY2023Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
226608 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
41783 usd
CY2023Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
23874 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
58413 usd
CY2023Q1 us-gaap Assets Current
AssetsCurrent
313063 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
126534 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
272442 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
274370 usd
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3458 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3625 usd
CY2023Q1 us-gaap Goodwill
Goodwill
1132 usd
CY2022Q4 us-gaap Goodwill
Goodwill
1132 usd
CY2023Q1 us-gaap Assets
Assets
590095 usd
CY2022Q4 us-gaap Assets
Assets
405661 usd
CY2023Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
212525 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
31962 usd
CY2023Q1 us-gaap Loans Payable To Bank Current
LoansPayableToBankCurrent
133963 usd
CY2022Q4 us-gaap Loans Payable To Bank Current
LoansPayableToBankCurrent
12250 usd
CY2023Q1 us-gaap Loans Payable Current
LoansPayableCurrent
90128 usd
CY2022Q4 us-gaap Loans Payable Current
LoansPayableCurrent
90494 usd
CY2023Q1 us-gaap Liabilities Current
LiabilitiesCurrent
436616 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
134706 usd
CY2023Q1 us-gaap Liabilities
Liabilities
436616 usd
CY2022Q4 us-gaap Liabilities
Liabilities
134706 usd
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
550000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
550000000 shares
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
79108926 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
79108926 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
74108926 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
74108926 shares
CY2023Q1 us-gaap Common Stock Value
CommonStockValue
7911 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
7411 usd
CY2023Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
19785039 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
19285539 usd
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-19646924 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-19027835 usd
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
7453 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
5840 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
153479 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
270955 usd
CY2023Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
590095 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
405661 usd
CY2023Q1 lwlw Consulting Service Income
ConsultingServiceIncome
13026 usd
CY2022Q1 lwlw Consulting Service Income
ConsultingServiceIncome
1171 usd
CY2023Q1 lwlw Online Product Sales
OnlineProductSales
6082 usd
CY2023Q1 lwlw Aquaculture Product Sales Net
AquacultureProductSalesNet
221601 usd
CY2023Q1 us-gaap Revenues
Revenues
240709 usd
CY2022Q1 us-gaap Revenues
Revenues
1171 usd
CY2023Q1 lwlw Online Product Sales Expenses
OnlineProductSalesExpenses
2199 usd
CY2023Q1 lwlw Acquaculture Product Sales Expenses
AcquacultureProductSalesExpenses
199156 usd
CY2023Q1 us-gaap Cost Of Revenue
CostOfRevenue
201355 usd
CY2023Q1 us-gaap Gross Profit
GrossProfit
39354 usd
CY2022Q1 us-gaap Gross Profit
GrossProfit
1171 usd
CY2023Q1 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
73155 usd
CY2022Q1 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
34780 usd
CY2023Q1 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
500000 usd
CY2023Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
83905 usd
CY2022Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9740 usd
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
657060 usd
CY2022Q1 us-gaap Operating Expenses
OperatingExpenses
44520 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-617706 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-43349 usd
CY2023Q1 lwlw Interest Expense1
InterestExpense1
-55 usd
CY2022Q1 lwlw Interest Expense1
InterestExpense1
-125 usd
CY2023Q1 us-gaap Other Income
OtherIncome
-485 usd
CY2022Q1 us-gaap Other Income
OtherIncome
224 usd
CY2023Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-540 usd
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
99 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-618246 usd
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-43250 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
843 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-619089 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-43250 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
1613 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
482 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
1613 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
482 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-617476 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-42768 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78010025 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65173317 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-619089 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-43250 usd
CY2023Q1 us-gaap Depreciation
Depreciation
3305 usd
CY2022Q1 us-gaap Depreciation
Depreciation
143 usd
CY2023Q1 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
500000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
227486 usd
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
41945 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-34613 usd
CY2022Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
34750 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
182937 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
125 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-167665 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-77732 usd
CY2022Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
5412 usd
CY2022Q1 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
7 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5405 usd
CY2022Q1 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
82107 usd
CY2023Q1 us-gaap Proceeds From Loans
ProceedsFromLoans
134481 usd
CY2023Q1 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
14618 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
116087 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
119863 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
198194 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
479 usd
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-518 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-47323 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
114539 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
68121 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20798 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
114539 usd
CY2022Q1 us-gaap Acquisition Costs
AcquisitionCosts
993 usd
CY2023Q1 us-gaap Notes Reduction
NotesReduction
14050 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
270955 usd
CY2023Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
500000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1613 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-619089 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
153479 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-13550 usd
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
116087 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
482 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-43250 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
59769 usd
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1 for 750
us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
127061 shares
us-gaap Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued1
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1
66667 shares
CY2022Q1 us-gaap Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued1
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1
65000000 shares
CY2022Q1 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
1000 usd
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
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84F_eus-gaap--UseOfEstimates_zm46q3uFgcn9" 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2023Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_840_eus-gaap--ConcentrationRiskCreditRisk_zfrz8cDTgQb6" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0"><span style="text-decoration: underline">Concentration </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">During the three months ended March 31, 2023, the Company generated 63% and 20% of revenues from the top 2 customers, respectively. The Company’s cost of revenues consisted of 65%, 21% and 13% purchases from top 3 vendors, respectively, for the three months ended March 31, 2023. The Company’s revenue and cost of revenues were not material during the three months ended March 31, 2022.</p>
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-619089 usd
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-19646924 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7450 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7419 usd
CY2023Q1 us-gaap Land
Land
272489 usd
CY2022Q4 us-gaap Land
Land
271319 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7497 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4368 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
272442 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
CY2023Q1 lwlw Value Added Tax Payable
ValueAddedTaxPayable
2108 usd
CY2023Q1 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
263070 usd
CY2023Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
3122 usd
CY2022Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
143 usd
CY2023Q1 us-gaap Loans Payable To Bank Current
LoansPayableToBankCurrent
133963 usd
CY2022Q4 us-gaap Loans Payable To Bank Current
LoansPayableToBankCurrent
12250 usd
CY2019Q4 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
300 usd
CY2022Q1 us-gaap Interest Expense
InterestExpense
125 usd
CY2023Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
19100000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
19000000.0 usd
CY2023Q1 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
760807 usd
CY2022Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
630975 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
760807 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
630975 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-129832 usd
CY2022Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-9083 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
630975 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
474226 usd
CY2023Q1 us-gaap Deferred Taxes Business Combination Valuation Allowance Available To Reduce Income Tax Expense
DeferredTaxesBusinessCombinationValuationAllowanceAvailableToReduceIncomeTaxExpense
760807 usd
CY2022Q1 us-gaap Deferred Taxes Business Combination Valuation Allowance Available To Reduce Income Tax Expense
DeferredTaxesBusinessCombinationValuationAllowanceAvailableToReduceIncomeTaxExpense
483309 usd
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
79108926 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
79108926 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
74108926 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
74108926 shares
CY2023Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.30
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
4250000 shares
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
425000 usd
CY2023Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
5000000 shares
CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
500000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
750000 shares
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
82107 usd
CY2023Q1 us-gaap Payments For Loans
PaymentsForLoans
14618 usd
CY2023Q1 us-gaap Payments For Loans
PaymentsForLoans
100000
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
14050 usd
CY2023Q1 us-gaap Capital Lease Obligations
CapitalLeaseObligations
33737 usd
CY2023Q1 us-gaap Contractual Obligation
ContractualObligation
50000000
CY2023Q1 us-gaap Contractual Obligation
ContractualObligation
7300000 usd

Files In Submission

Name View Source Status
0001017386-23-000204-index-headers.html Edgar Link pending
0001017386-23-000204-index.html Edgar Link pending
0001017386-23-000204.txt Edgar Link pending
0001017386-23-000204-xbrl.zip 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
lwlw-20230331.xsd Edgar Link pending
lwlw_2023mar31-10q.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
lwlw-20230331_def.xml Edgar Link unprocessable
lwlw-20230331_cal.xml Edgar Link unprocessable
lwlw-20230331_pre.xml Edgar Link unprocessable
lwlw_2023mar31-10q_htm.xml Edgar Link completed
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
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
FilingSummary.xml Edgar Link unprocessable
lwlw-20230331_lab.xml Edgar Link unprocessable