What changed in this filing

/stocks — the workspaceLOADING

Item 1. Financial Statements

2020-05-05 compared with 2019-11-08 · 26 added, 45 removed, 244 unchanged (23% of the section changed)

2 unchanged sentences

CONDENSED BALANCE SHEETS

SEPTEMBER 30, 2019 (UNAUDITED) AND DECEMBER 31, 2018 (AUDITED)

September 30,

MARCH 31, 2020 (UNAUDITED) AND DECEMBER 31, 2019 (AUDITED)

CURRENT ASSETS:

28 unchanged sentences

CONDENSED STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2019 (UNAUDITED) AND 2018 (UNAUDITED)

September 30,

September 30 ,

Gross Revenues

Operating Expenses

General and administrative expenses

Total Operating Expenses

Loss from Operations

Other Income (Expense)

Gain on release of liabilities

Interest (expense)

Interest (expense) - Related Parties

Total Other Income/(Expense)

Profit/(loss) before Income Taxes

Provision for Income Taxes

Net Profits/(Loss)

Earnings (Loss) per Share Basic and Diluted

Weighted Average Shares Outstanding Basic and Diluted

The accompanying notes are an integral part of the condensed financial statements.

EASON EDUCATION KINGDOM HOLDINGS, INC.

CONDENSED STATEMENTS OF OPERATIONS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2019 (UNAUDITED) AND 2018 (UNAUDITED)

September 30,

FOR THE THREE MONTHS ENDED MARCH 31, 2020 (UNAUDITED) AND 2019 (UNAUDITED)

Gross Revenues

16 unchanged sentences

STATEMENTS OF STOCKHOLDERS’ DEFICIT

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2018

FOR THE THREE MONTHS ENDED MARCH 31, 2019

BALANCE, December 31, 2014

7 unchanged sentences

BALANCE, December 31, 2017

Net Loss for the nine months ended September 30, 2018

BALANCE, September 30, 2018

Net Loss for the year ended December 31, 2018

BALANCE, December 31, 2018

Net Loss for the three months ended March 31, 2019

BALANCE, March 31, 2019

The accompanying notes are an integral part of these financial statements.

1 unchanged sentence

STATEMENTS OF STOCKHOLDERS’ DEFICIT

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2019 AND YEAR ENDED DECEMBER 31, 2018

FOR THE THREE MONTHS ENDED MARCH 31, 2020 AND YEAR ENDED DECEMBER 31, 2019

BALANCE, December 31, 2014

9 unchanged sentences

BALANCE, December 31, 2018

Net Loss for the nine months ended September 30, 2019

BALANCE, September 30, 2019

Net Loss for the period ended December 31, 2019

BALANCE, December 31, 2019

Net Loss for the period ended March 31, 2020

BALANCE, March 31, 2020

The accompanying notes are an integral part of these financial statements.

1 unchanged sentence

CONDENSED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2019 AND 2018 (UNAUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2020 AND 2019 (UNAUDITED)

CASH FLOWS FROM OPERATING ACTIVITIES:

24 unchanged sentences

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2019 AND DECEMBER 31, 2018

MARCH 31, 2020 AND DECEMBER 31, 2019

NOTE 1 – ORGANIZATION, HISTORY AND BUSINESS ACTIVITY

25 unchanged sentences

The total amount of the Company’s investment classified as Level 3 is de minimis.

The fair value of the Company’s debt as of September 30, 2019 and December 31, 2018 approximated fair value at those times.

The fair value of the Company’s debt as of March 31, 2020 and December 31, 2019 approximated fair value at those times.

Fair value of financial instruments:

The carrying amounts of financial instruments, including cash, accounts payable, and accrued expenses approximated fair value as of September 30, 2019 and December 31, 2018 because of the relative short term nature of these instruments.

The carrying amounts of financial instruments, including cash, accounts payable, and accrued expenses approximated fair value as of March 31, 2020 and December 31, 2019 because of the relative short term nature of these instruments.

Revenue Recognition

11 unchanged sentences

The Company records interest and penalties arising from the underpayment of income taxes in the statement of income under general and administrative expenses.

As of September 30, 2019 and December 31, 2018, the Company had no accrued interest or penalties related to uncertain tax positions.

As of March 31, 2020 and December 31, 2019, the Company had no accrued interest or penalties related to uncertain tax positions.

The company also did not have any uncertain tax benefits during these years.

4 unchanged sentences

Diluted net loss per common share is computed by dividing the net loss applicable to common stockholders, adjusted on an “as if converted” basis, by the weighted average number of common shares outstanding plus potential dilutive securities.

For the nine months ended September 30, 2019 and 2018, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share.

For the three months ended March 31, 2020 and 2019, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share.

Recent Accounting Pronouncements

51 unchanged sentences

The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.

The Company incurred a net loss of $26,904 (from operations) for the nine months ended September 30, 2019 and an accumulated deficit of $693,594.

The Company incurred a net loss of $8,573 (from operations) for the three months ended March 31, 2020 and an accumulated deficit of $723,087.

It also sustained operating losses in prior years as well.

24 unchanged sentences

Total Actual Provision

As of September 30, 2019, the Company has provided tax losses of $652,998 (December 31, 2018:

As of March 31, 2020, the Company has provided tax losses of $682,491 (December 31, 2019:

Deferred tax asset is not provided for as the tax losses may not be able to carry forward after a change in substantial ownership of the Company in February 2015.

NOTE 5 – COMMON STOCK

As of September 30, 2019 and December 31, 2018, the Company authorized two classes of stock;

500,000,000 shares of common stock at par value of $0.001 and 175,000,000 Class A preferred stock at par value of $0.001., There are 310,868,500 common shares issued and outstanding as of September 30, 2019 and December 2018.

As of March 31, 2020 and December 31, 2019, the Company authorized two classes of stock;

500,000,000 shares of common stock at par value of $0.001 and 175,000,000 Class A preferred stock at par value of $0.001.

There are 310,868,500 common shares issued and outstanding as of March 31, 2020 and December 2019.

None of the Class A preferred stock is issued.

3 unchanged sentences

Management deemed the rent-free space to be of no nominal value.

As of September 30, 2019 and December 31, 2018, total notes payable to the related parties and accrued interests amounted to $0 and $0 in the aggregate.

As of September 30, 2019 and December 31, 2018, there were no outstanding balance due from or due to the shareholders.

As of March 31, 2020 and December 31, 2019, total notes payable to the related parties and accrued interests amounted to $0 and $0 in the aggregate.

As of March 31, 2020 and December 31, 2019, there were no outstanding balance due from or due to the shareholders.

NOTE 7 – NOTE PAYABLE

As of September 30, 2019 and December 31, 2018, there were no notes payable and no interests incurred or accrued related to notes payable.

As of March 31, 2020 and December 31, 2019, there were no notes payable and no interests incurred or accrued related to notes payable.

NOTE 8 – RELEASE OF LIABILITIES

6 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements