Sino Green Land (SGLA) 10-Q14 Nov 232024 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Sep. 30, 2023	Nov. 04, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--06-30
Entity File Number	000-53208
Entity Registrant Name	SINO GREEN LAND CORPORATION
Entity Central Index Key	0001433551
Entity Tax Identification Number	54-0484915
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	No. 3 & 5
Entity Address, Address Line Two	Jalan Hi Tech 7/7
Entity Address, Address Line Three	Kawasan Perindustrian Hi Tech 7
Entity Address, City or Town	Semenyih, Selangor
Entity Address, Country	MY
Entity Address, Postal Zip Code	43500
City Area Code	+603
Local Phone Number	8727 8732
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	SGLA
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Entity Bankruptcy Proceedings, Reporting Current	false
Entity Common Stock, Shares Outstanding		1,460,535

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Sep. 30, 2023	Jun. 30, 2023
ASSETS
TOTAL ASSETS
CURRENT LIABILITIES
Accrued expenses	2,589	13,536
TOTAL LIABILITIES	278,908	271,776
Commitments and Contingencies
STOCKHOLDERS’ DEFICIT
Preferred Stock, $0.001 par value; 20,000,000 shares authorized; 2,520 issued and outstanding at September 30, 2023 and June 30, 2023, respectively	1,260	1,260
Common Stock, $0.001 par value; 780,000,000 shares authorized; 1,460,535 issued and outstanding at September 30, 2023 and June 30, 2023, respectively	730,267	730,267
Additional paid-in capital	35,915,921	35,915,921
Accumulated deficit	(36,926,356)	(36,919,224)
TOTAL STOCKHOLDERS’ DEFICIT	(278,908)	(271,776)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT
Related Party [Member]
CURRENT LIABILITIES
Due to related parties	$ 276,319	$ 258,240

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2023	Jun. 30, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	2,520	2,520
Preferred stock, shares outstanding	2,520	2,520
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	780,000,000	780,000,000
Common stock, shares issued	1,460,535	1,460,535
Common stock, shares outstanding	1,460,535	1,460,535

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended
Condensed Statements of Operations (Unaudited) - USD ($)	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
REVENUES
OPERATING EXPENSES:
General and administrative	7,132	6,574
NET LOSS	$ 7,132	$ 6,574
Net loss per share - basic	$ 0	$ 0
Net loss per share - diluted	$ 0	$ 0
Weighted average number of common shares outstanding - basic	1,460,535	1,460,535
Weighted average number of common shares outstanding - diluted	1,460,535	1,460,535

Condensed Statements of Stockho

Condensed Statements of Stockholders' Deficit (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Jun. 30, 2022	$ 1,260	$ 730,267	$ 35,915,921	$ (36,845,558)	$ (198,110)
Beginning balance, shares at Jun. 30, 2022	2,520	1,460,535
Net loss				(6,574)	(6,574)
Ending balance, value at Sep. 30, 2022	$ 1,260	$ 730,267	35,915,921	(36,852,132)	(204,684)
Ending balance, shares at Sep. 30, 2022	2,520	1,460,535
Beginning balance, value at Jun. 30, 2023	$ 1,260	$ 730,267	35,915,921	(36,919,224)	(271,776)
Beginning balance, shares at Jun. 30, 2023	2,520	1,460,535
Net loss				(7,132)	(7,132)
Ending balance, value at Sep. 30, 2023	$ 1,260	$ 730,267	$ 35,915,921	$ (36,926,356)	$ (278,908)
Ending balance, shares at Sep. 30, 2023	2,520	1,460,535

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
Condensed Statements of Cash Flows (Unaudited) - USD ($)	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (7,132)	$ (6,574)
Changes in operating assets and liabilities:
Accrued expenses	(10,947)	2,600
Net cash used in operating activities	(18,079)	(3,974)
CASH FLOWS FROM FINANCING ACTIVITIES:
Due to related parties	18,079	3,974
Net cash provided by financing activities	18,079	3,974
NET CHANGE IN CASH
CASH, BEGINNING OF PERIOD
CASH, END OF PERIOD
SUPPLEMENTAL CASH FLOWS INFORMATION
Income taxes paid
Interest paid

ORGANIZATION AND BUSINESS BACKG

ORGANIZATION AND BUSINESS BACKGROUND	3 Months Ended
ORGANIZATION AND BUSINESS BACKGROUND	Sep. 30, 2023
Accounting Policies [Abstract]
ORGANIZATION AND BUSINESS BACKGROUND	1. ORGANIZATION AND BUSINESS BACKGROUND Sino Green Land Corporation (the “Company”), formerly known as Go Silver Toprich Holding Inc., is a corporation organized under the laws of the State of Nevada. Going concern The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, for the three months ended September 30, 2023, the Company recorded no 7,132 18,079 278,908 The ability of the Company to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. Management believes additional cash required to meet the Company’s obligations as they become due will be provided by way of advances from related parties. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity financing. Reverse stock split On May 18, 2022 Certificate of Change with the Secretary of State of the State of Nevada 1:500 As a result of the Reverse Stock Split, the number of the outstanding shares of Common Stock was decreased from 730,039,317 (pre-split) shares to 1,460,535 (post-split) shares, while the number of shares of Preferred Stock outstanding was reduced from 1,259,898 shares to 2,520 shares COVID-19 The COVID-19 pandemic has negatively impacted the global economy, workforces, customers, and created significant volatility and disruption of financial markets. The Company monitors guidance from national and local public health authorities and has implemented health and safety precautions and protocols in response to these guidelines. The extent of the impact of the COVID-19 pandemic has had and will continue to have on the Company’s business is highly uncertain and difficult to predict and quantify at this time. Inflation The continuing impact of the COVID-19 pandemic, higher inflation, the actions by central banks to address inflation, increases in interest rates, and rising energy prices create uncertainty about the future economic environment which will continue to evolve and, we believe, will continuously impact businesses during 2023. The implications of higher government deficits and debt, tighter monetary policy, and potentially higher long-term interest rates may drive a higher cost of capital for the business.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Sep. 30, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The unaudited condensed financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) pursuant to the applicable rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. The unaudited condensed financial statements have been prepared on the same basis as the Company’s Transition Report Form 10-KT for the six months ended 30 June 2023, and, in the opinion of management, reflect all adjustments, which consist of normal recurring adjustments, considered necessary for a fair presentation of the periods presented. The results of operations for the interim periods presented are not necessarily indicative of the results of operations to be expected for the full fiscal year ending June 30, 2024. These unaudited condensed financial statements should be read in conjunction with the Company’s audited financial statements and accompanying notes, included in the Company’s Transition Report Form 10-KT, filed with the SEC. The condensed balance sheet as of June 30, 2023, was derived from the audited financial statements as of that date, but does not include all disclosures, including notes, required by GAAP. Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure 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. Net loss per share The Company calculates net loss per share in accordance with ASC Topic 260, “Earnings per Share.” Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding during the period. Diluted net loss per share is computed like basic net loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive. As of September 30, 2023, the Company has no potentially dilutive securities, such as options or warrants, outstanding. Fair value measurements The Company follows the guidance of ASC 820-10, “Fair Value Measurements and Disclosures”, with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: Level 1 : Level 2 : Level 3 : The Company believes the carrying amounts reported in the balance sheets for accrued expenses and due to related party, approximate their fair values because of the short-term nature of these financial instruments. Recent accounting pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which replaces the existing incurred loss impairment model with an expected credit loss model and requires a financial asset measured at amortized cost to be presented at the net amount expected to be collected. This new standard is effective for the Company in the fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, and will be applied as a cumulative-effect adjustment to retained earnings. The Company adopted ASU 2016-03 as of January 1, 2023, with no impact on our condensed financial statements or the related disclosures. Other recent accounting pronouncements and guidance issued by the FASB, its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

ACCRUED EXPENSES

ACCRUED EXPENSES	3 Months Ended
ACCRUED EXPENSES	Sep. 30, 2023
Payables and Accruals [Abstract]
ACCRUED EXPENSES	3. ACCRUED EXPENSES SCHEDULE OF ACCRUED EXPENSES As of September 30, 2023 As of June 30, 2023 (Unaudited) Accrued audit fee $ - $ 10,000 Accrued transfer agent fee 2,589 3,536 Total accrued expenses $ 2,589 $ 13,536

RELATED PARTIES

RELATED PARTIES	3 Months Ended
RELATED PARTIES	Sep. 30, 2023
Equity [Abstract]
RELATED PARTIES	4. RELATED PARTIES As of June 30, 2023 and September 30, 2023, the Company had advances payable of $ 137,921 As of June 30, 2023, the Company had advances payable of $ 120,318 18,080 138,398 Mr. Luo is the spouse of Ms. Wo Kuk Ching, the Company’s current CEO. Mr. Luo and Ms. Wo and their immediate family control 65.7 Mr. Luo and Ms. Wo and their immediate family also control 34 100 On March 1, 2023, the Company entered into a Non-Binding Letter of Intent in which the Company would acquire all of the issued and outstanding securities of Sunshine in exchange for 142,853,004 15,872,556 The convertible preferred stock will have a conversion ratio of 10, i.e., each share of convertible preferred stock can be converted into 10 shares of the Company’s common stock, with no expiration date on the conversion

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The unaudited condensed financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) pursuant to the applicable rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. The unaudited condensed financial statements have been prepared on the same basis as the Company’s Transition Report Form 10-KT for the six months ended 30 June 2023, and, in the opinion of management, reflect all adjustments, which consist of normal recurring adjustments, considered necessary for a fair presentation of the periods presented. The results of operations for the interim periods presented are not necessarily indicative of the results of operations to be expected for the full fiscal year ending June 30, 2024. These unaudited condensed financial statements should be read in conjunction with the Company’s audited financial statements and accompanying notes, included in the Company’s Transition Report Form 10-KT, filed with the SEC. The condensed balance sheet as of June 30, 2023, was derived from the audited financial statements as of that date, but does not include all disclosures, including notes, required by GAAP.
Use of estimates	Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure 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.
Net loss per share	Net loss per share The Company calculates net loss per share in accordance with ASC Topic 260, “Earnings per Share.” Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding during the period. Diluted net loss per share is computed like basic net loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive. As of September 30, 2023, the Company has no potentially dilutive securities, such as options or warrants, outstanding.
Fair value measurements	Fair value measurements The Company follows the guidance of ASC 820-10, “Fair Value Measurements and Disclosures”, with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: Level 1 : Level 2 : Level 3 : The Company believes the carrying amounts reported in the balance sheets for accrued expenses and due to related party, approximate their fair values because of the short-term nature of these financial instruments.
Recent accounting pronouncements	Recent accounting pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which replaces the existing incurred loss impairment model with an expected credit loss model and requires a financial asset measured at amortized cost to be presented at the net amount expected to be collected. This new standard is effective for the Company in the fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, and will be applied as a cumulative-effect adjustment to retained earnings. The Company adopted ASU 2016-03 as of January 1, 2023, with no impact on our condensed financial statements or the related disclosures. Other recent accounting pronouncements and guidance issued by the FASB, its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	3 Months Ended
ACCRUED EXPENSES (Tables)	Sep. 30, 2023
Payables and Accruals [Abstract]
SCHEDULE OF ACCRUED EXPENSES	SCHEDULE OF ACCRUED EXPENSES As of September 30, 2023 As of June 30, 2023 (Unaudited) Accrued audit fee $ - $ 10,000 Accrued transfer agent fee 2,589 3,536 Total accrued expenses $ 2,589 $ 13,536

ORGANIZATION AND BUSINESS BAC_2

ORGANIZATION AND BUSINESS BACKGROUND (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	May 18, 2022	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Accounting Policies [Abstract]
Revenue
Net loss		7,132	6,574
Net cash used in operating activities		18,079	3,974
Stockholders' deficit		$ 278,908	$ 204,684	$ 271,776	$ 198,110
Reverse stock split	1:500	the number of the outstanding shares of Common Stock was decreased from 730,039,317 (pre-split) shares to 1,460,535 (post-split) shares, while the number of shares of Preferred Stock outstanding was reduced from 1,259,898 shares to 2,520 shares

SCHEDULE OF ACCRUED EXPENSES (D

SCHEDULE OF ACCRUED EXPENSES (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023
Payables and Accruals [Abstract]
Accrued audit fee		$ 10,000
Accrued transfer agent fee	2,589	3,536
Total accrued expenses	$ 2,589	$ 13,536

RELATED PARTIES (Details Narrat

RELATED PARTIES (Details Narrative) - USD ($)	Mar. 01, 2023	Sep. 30, 2023	Jun. 30, 2023
Common Stock [Member]
Class of Stock [Line Items]
Shares in exchange	142,853,004
Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Shares in exchange	15,872,556
Shares conversion ratio	The convertible preferred stock will have a conversion ratio of 10, i.e., each share of convertible preferred stock can be converted into 10 shares of the Company’s common stock, with no expiration date on the conversion
Mr. Luo Xiong [Member]
Class of Stock [Line Items]
Advances payable		$ 137,921	$ 137,921
Tian Li Eco [Member]
Class of Stock [Line Items]
Advances payable		18,080	$ 120,318
Tian Li [Member]
Class of Stock [Line Items]
Advances payable		$ 138,398
Percentage for common stock issued and outstanding		100%
Mr. Luo Xiong and Ms. Wo Kuk Ching [Member]
Class of Stock [Line Items]
Percentage for common stock issued and outstanding		65.70%
Sunshine Green Land Corp. [Member]
Class of Stock [Line Items]
Percentage for common stock issued and outstanding		34%