$ZLME
Zhanling International Ltd

2024 Q2 Form 10-Q Financial Statement

#000149315224019132 Filed on May 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit -$4.516K -$7.570K
YoY Change -40.34% -5.33%
Interest Expense $321.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$4.516K -$7.891K
YoY Change -42.77% -1.31%
Net Earnings / Revenue
Basic Earnings Per Share -$0.06 -$0.11
Diluted Earnings Per Share -$0.06 -$0.11
COMMON SHARES
Basic Shares Outstanding 73.20K shares 73.20K shares 73.20K shares
Diluted Shares Outstanding 73.20K shares 73.20K shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses $166.00 $915.00 $915.00
Receivables
Other Receivables
Total Short-Term Assets $166.00 $915.00 $915.00
YoY Change 0.0%
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
TOTAL ASSETS
Total Short-Term Assets $166.00 $915.00 $915.00
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $166.00 $915.00 $915.00
YoY Change 0.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.198K $3.342K $52.56K
YoY Change -75.01% -93.64%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $5.198K $3.342K $52.56K
Total Long-Term Liabilities
Total Liabilities $8.540K $42.11K $52.56K
YoY Change -58.95% -19.87%
SHAREHOLDERS EQUITY
Retained Earnings -$390.2K -$384.3K -$358.4K
YoY Change 7.24% 7.23%
Common Stock $381.8K $343.1K $306.7K
YoY Change 11.3% 11.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$8.374K -$41.20K -$51.64K
YoY Change
Total Liabilities & Shareholders Equity $166.00 $915.00 $915.00
YoY Change 0.0%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$4.516K -$7.891K
YoY Change -42.77% -1.31%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$9.724K -$8.758K
YoY Change 11.03% 31.11%
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 $9.724K $8.758K
YoY Change 11.03% 31.11%
NET CHANGE
Cash From Operating Activities -$9.724K -$8.758K
Cash From Investing Activities
Cash From Financing Activities $9.724K $8.758K
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$9.724K -$8.758K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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Unit 305-306, 3/F., New East Ocean Centre,
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Tsim Sha Tsui
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HK
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999077
CY2024Q1 dei City Area Code
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CY2024Q1 dei Entity File Number
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CY2024Q1 dei Entity Registrant Name
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ZHANLING INTERNATIONAL LIMITED
CY2024Q1 dei Entity Address Address Line2
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No.9 Science Museum Road
CY2024Q1 dei Entity Current Reporting Status
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CY2024Q1 dei Entity Filer Category
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CY2023Q1 us-gaap Stockholders Equity
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CY2023Q1 us-gaap Increase Decrease In Prepaid Expense
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CY2024Q1 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
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9724 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8758 usd
CY2024Q1 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80B_eus-gaap--NatureOfOperations_ztquwGxTtasj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 2 - <span id="xdx_825_zfCTvqtossE5">ORGANIZATION AND BUSINESS BACKGROUND</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zhanling International Ltd (formerly known as Odenza Corp.) (the “Company” or “we”) was incorporated in the State of Nevada on July 16, 2009 and the Company is a development-stage company which intended to acquire companies in large consumption platform in China. The Company’s sole purpose currently is to target and complete a merger or acquisition with a private entity.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 4, 2021, Tan Sri Barry resigned from all positions with the Company, including but not limited to, that of President, Chief Executive Officer, Treasurer, Secretary and Chairman of the Board of Directors. The resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Tan Sri Barry has been the President, Chief Executive Officer, Treasurer, Secretary and Chairman of the Board of Directors since February 2013.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 4, 2021, Mr. Leung Chi Ping (“Mr. Leung”), was appointed as the President, Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Directors of the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 4, 2021, Mr. Leung, Alexander Patrick Brazendale, Christopher David Brazendale, Adventure Air Race Investment Limited, Adventure Air Race Talents Limited, and William Alexander Cruickshank acquired control of <span id="xdx_900_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20210503__20210504__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementsMember_zos0pGvsUdda" title="Common stock, acquisition">67,736</span> shares of the Company’s restricted Common Stock, representing approximately<span id="xdx_907_ecustom--CommonStockOutstandingSharesPercentage_iI_pid_dp_uPure_c20210504__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementsMember_zvZ0YxRSlC83" title="Common stock, outstanding shares percentage"> 92.54</span>% of the Company’s total issued and outstanding Common Stock, from the certain sellers in accordance with common stock purchase agreements (collectively, the “Stock Purchase Agreements”). The Stock Purchase Agreements were negotiated in arm’s length transactions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 7, 2021, the Company received written consents in lieu of a meeting of Stockholders from holders of <span id="xdx_908_eus-gaap--CommonStockVotingRights_c20210507__20210507_zzwQjnzUo3oi" title="Common stock shares outstanding">Common Stock voting securities representing <span id="xdx_909_ecustom--CommonStockOutstandingSharesPercentage_iI_pid_dp_uPure_c20210507_zibQJESPVDG4" title="Common stock, outstanding shares percentage">92.54</span>% of the total issued and outstanding voting power of the <span id="xdx_902_eus-gaap--CommonStockSharesIssued_iI_c20210507_zH7rz5Apx9Hi" title="Common stock shares issued"><span id="xdx_902_eus-gaap--CommonStockSharesOutstanding_iI_c20210507_za4MJiQa8VEb" title="Common stock shares outstanding">73,200</span></span> shares of Common Stock of the Company</span> (the “Majority Stockholders”) to authorize the Company’s Board of Directors to approve an increase of authorized shares of Common Stock from <span id="xdx_90D_eus-gaap--CommonStockSharesAuthorized_iI_c20210506__srt--TitleOfIndividualAxis__custom--BoardOfDirectorsMember_z3UIPbGFPWe2" title="Common stock, shares authorized">75,000,000</span> to <span id="xdx_90A_eus-gaap--CommonStockSharesAuthorized_iI_c20210507__srt--TitleOfIndividualAxis__custom--BoardOfDirectorsMember_zWjhbWX9CCqe" title="Common stock, shares authorized">500,000,000</span> (the “Increase”), par value $<span id="xdx_908_eus-gaap--CommonStockParOrStatedValuePerShare_iI_c20210507__srt--TitleOfIndividualAxis__custom--BoardOfDirectorsMember_z1UNpeeZtkla" title="Common stock, par value">0.001</span> per share.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 7, 2021, the Board of Directors of the Company approved the Increase, subject to Stockholder approval. The Majority Stockholders approved the Increase by written consent in lieu of a meeting on May 7, 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On June 17, 2021 the Company entered into a binding letter of intent (the “LOI”) for the purpose of doing a Share Exchange Agreement (“the Agreement”) to acquire Adventure Air Race Company Limited (“AARC”), a Nevada corporation. The acquisition is subject to (i) the consent of a majority ODZA’s shareholders and to the consent of each of AARC’s shareholders, and (ii) the completion of a two-year audit of AARC. The Share Exchange Agreement will result in a change of control. The Share Exchange Agreement contains, among other things, representations and warranties of the aforementioned Parties and covenants of the companies and the shareholders of AARC. Among other terms, ODZA will own all of the equity of AARC, equaling <span id="xdx_900_eus-gaap--SharesIssued_iI_c20210617__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__dei--LegalEntityAxis__custom--AdventureAirRaceCompanyLimitedMember_zG8bsxU9a6E7" title="Number of shares issued">130,329,341</span> shares of AARC’s stock, and representing all of its issued and outstanding shares. The AARC shareholders (the “Shareholders”) will own <span id="xdx_908_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20210616__20210617__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__dei--LegalEntityAxis__custom--OdenzaCorpMember_zEW3ub9h5h12" title="Number of shares newly issued">84,000,000</span> newly issued shares of common stock of ODZA (the Common Stock”) representing approximately <span id="xdx_901_ecustom--CommonStockOutstandingSharesPercentage_iI_pid_dp_uPure_c20210617__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__dei--LegalEntityAxis__custom--OdenzaCorpMember_z7OJaEC5OVv5" title="Common stock, outstanding shares percentage">95.82</span>% of ODZA’s outstanding shares of Common Stock. As the result, AARC will hold no common shares of ODZA, as the wholly owned subsidiary of ODZA. The agreement was terminated on 30 September, 2021. As of the date of this report, the closing of the AARC Equity Transfer has not occurred.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On December 3, 2021, Mr. Liang Zhao acquired control of <span id="xdx_90A_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20211202__20211203__srt--TitleOfIndividualAxis__custom--Mr.LiangZhaoMember_zqEaHJa4eYE4" title="Common stock, acquisition">13,908</span> shares of the Company’s restricted common stock, representing approximately <span id="xdx_909_ecustom--CommonStockOutstandingSharesPercentage_iI_dp_uPure_c20211203__srt--TitleOfIndividualAxis__custom--Mr.LiangZhaoMember_zC6pwC7h6303" title="Common stock, outstanding shares percentage">19</span>% of the Company’s total issued and outstanding common stock; and Xiangchen Li acquired control of <span id="xdx_904_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20211202__20211203__srt--TitleOfIndividualAxis__custom--Mr.XiangchenLiMember_z3zTG1tJT5t" title="Common stock, acquisition">24,532</span> shares of the Company’s restricted common stock, representing approximately <span id="xdx_907_ecustom--CommonStockOutstandingSharesPercentage_iI_pid_dp_uPure_c20211203__srt--TitleOfIndividualAxis__custom--Mr.XiangchenLiMember_zP84lCPMYhj6" title="Common stock, outstanding shares percentage">33.51</span>% of the Company’s total issued and outstanding common stock, from the certain sellers in accordance with common stock purchase agreements (collectively, the “Stock Purchase Agreements”). The Stock Purchase Agreements were negotiated in arm’s- length transactions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><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"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On December 3, 2021, Chi Ping Leung resigned from all positions with the Company, including but not limited to, that of the President, Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Directors of the Company. The resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Chi Ping Leung has been the President, Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Directors of the Company since May 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On December 3, 2021, Mr. Alexander Patrick Brazendale resigned from the Chief Marketing Officer of the Company. Mr. Christopher David Brazendale resigned from Chief Operating Officer of the Company. Mr. William Alexander Cruickshank resigned from Chief Racing Officer of the Company. Ms. Wing Man Fok resigned from the Secretary and Treasurer of the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On December 3, 2021, Mr. Liang Zhao was appointed as the President, Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Directors of the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effective February 17, 2022, the Board of Directors of Zhanling International Ltd (formerly known as Odenza Corp.) (the “Company”) approved a resolution changing the Company’s fiscal year from January 31 to December 31 of each calendar year, effective as of the same date.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On June 20, 2022, Mr.Xiangchen Li was appointed as the Chief Marketing Officer of the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of June 22, 2022, Liang Zhao was the sole director and the sole shareholder of Shanghai Capital Resource Limited, which was the major shareholder of the Company owning beneficially<span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_uPure_c20220622__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ShanghaiCapitalResourceLimitedMember_zoCqPqWNq9c3" title="Ownership percentage"> 20</span>% of the Company common shares. After June 22, 2022, Liang Zhao directly and indirectly hold <span id="xdx_903_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_uPure_c20220623__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ShanghaiCapitalResourceLimitedMember_zGcKJ0GuJIXh" title="Ownership percentage">39</span>% of the Company common shares.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On April 10, 2023, as a result of three private transactions, (i) <span id="xdx_908_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20230410__20230410__srt--TitleOfIndividualAxis__custom--Mr.LiangZhaoMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zTuaSSjdi038" title="Common stock issued">13,908</span> shares of Common Stock, $<span id="xdx_906_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20230410__srt--TitleOfIndividualAxis__custom--Mr.LiangZhaoMember_zZ6u5ARG9Sc8" title="Common stock, par value">0.001</span> par value per share (the “Shares”) were transferred from Liang Zhao to NingNing Xu; and (ii) <span id="xdx_905_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20230410__20230410__srt--TitleOfIndividualAxis__custom--Mr.XiangchenLiMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zOPf870Bb2q7" title="Common stock issued">24,532</span> shares of Common Stock, $<span id="xdx_906_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20230410__srt--TitleOfIndividualAxis__custom--Mr.XiangchenLiMember_zFu7nRXaYQb9" title="Common stock, par value">0.001</span> par value per share (the “Shares”) were transferred from Xiangchen Li to NingNing Xu. As a result, the Purchaser became holders of approximately <span id="xdx_907_eus-gaap--BusinessAcquisitionPercentageOfVotingInterestsAcquired_iI_dp_c20230410__us-gaap--BusinessAcquisitionAxis__custom--NingNingXuMember_zOMbYHGhXeo8" title="Acquired voting rights">52.514</span>% of the voting rights of the issued and outstanding share capital of the Company and became the controlling shareholder. The consideration paid for the Shares was $<span id="xdx_908_eus-gaap--BusinessCombinationConsiderationTransferred1_c20230410__20230410__srt--TitleOfIndividualAxis__custom--NingNingXuMember_z06rulckKZVa" title="Cash consideration paid">38,440</span>. The source of the cash consideration for the Shares was personal funds of the Purchaser.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On April 10, 2023, Mr.Liang Zhao resigned from President, Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Directors of the Company. Mr.Xiangchen Li resigned from the Chief Marketing Officer of the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On April 10, 2023, Ms.NingNing Xu was appointed as President, Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Directors of the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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; text-indent: 0.05pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On March 28, 2024, as a result of two private transactions, (i) <span id="xdx_908_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20240328__20240328__srt--TitleOfIndividualAxis__custom--NingNingXuMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_z5iQFOgrrz63" title="Common stock issued">38,440</span> shares of Common Stock, $<span id="xdx_901_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20240328__srt--TitleOfIndividualAxis__custom--NingNingXuMember_zadr8TMnEFAg" title="Common stock, par value">0.001</span> par value per share (the “Shares”) of Zhanling International Limited, a Nevada corporation (the “Company”), were transferred from NingNing Xu to YongQing Liu; (ii) the beneficial owner of Shanghai Capital Resources Ltd, a corporate shareholder of Zhanling International Limited which held <span id="xdx_908_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20240328__20240328__srt--TitleOfIndividualAxis__custom--NingNingXuMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__dei--LegalEntityAxis__custom--ShanghaiCapitalResourceLimitedMember_zBoW7dfMkKWk" title="Common stock issued">14,640</span> shares of Common Stock, $<span id="xdx_901_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20240328__srt--TitleOfIndividualAxis__custom--NingNingXuMember__dei--LegalEntityAxis__custom--ShanghaiCapitalResourceLimitedMember_zSsoIW5FOHsh" title="Common stock, par value">0.001</span> par value per share of the Company, was transferred from NingNing Xu to YongQing Liu. As a result, the Purchaser became a holder of approximately <span id="xdx_909_eus-gaap--BusinessAcquisitionPercentageOfVotingInterestsAcquired_iI_dp_c20240328__us-gaap--BusinessAcquisitionAxis__custom--YongQingLiuMember_z0cjuq4MmoUd" title="Acquired voting rights">72.51</span>% of the voting rights of the issued and outstanding share capital of the Company and became the controlling shareholder. The consideration paid for the Shares was $<span id="xdx_909_eus-gaap--BusinessCombinationConsiderationTransferred1_c20240328__20240328__srt--TitleOfIndividualAxis__custom--YongQingLiuMember_zf2L1LBK8MK3" title="Cash consideration paid">53,080</span>. The source of the cash consideration for the Shares was the personal funds of the Purchaser.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On March 28, 2024, the existing director and officer resigned immediately. Accordingly, NingNing Xu, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, and Chairman of the Board of Directors. At the effective date of the transfer, YongQing Liu consented to act as the new Chief Executive Officer, President, and Chairman of the Board of Directors of the Company. On March 28, 2024, <span style="text-decoration: underline">ZhenSheng Li</span> was appointed as the Chief Financial Officer and Director of the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2021Q2 us-gaap Common Stock Voting Rights
CommonStockVotingRights
Common Stock voting securities representing 92.54% of the total issued and outstanding voting power of the 73,200 shares of Common Stock of the Company
CY2021Q2 ZLME Common Stock Outstanding Shares Percentage
CommonStockOutstandingSharesPercentage
0.9254 pure
CY2021Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
73200 shares
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
73200 shares
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-4516 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9724 usd
CY2024Q1 ZLME Working Capital
WorkingCapital
2427 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-41198 usd
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-384263 usd
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_845_eus-gaap--UseOfEstimates_z4vYBLROLSee" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_867_zaS8toyTv1x3">Use of estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include estimates for the accruals of potential liabilities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.
CY2024Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
915 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2039 usd
CY2024Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
915 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2039 usd

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