VANJIA CORP Files 2023 Annual Report on Form 10-K

TL;DR

<b>Vanjia Corp has filed its 2023 annual report, confirming its status as a Small Reporting Company.</b>

AI Summary

VANJIA CORP (VNJA) filed a Annual Report (10-K) with the SEC on March 27, 2024. Vanjia Corp filed its annual report for the fiscal year ended December 31, 2023. The company is incorporated in Texas and its principal executive offices are located in Sugar Land, TX. Vanjia Corp has been subject to Section 13 or 15(d) filing requirements for the past 90 days. The company is classified as a Small Reporting Company and not a large accelerated filer, accelerated filer, or shell company. The filing covers the annual period ended December 31, 2023.

Why It Matters

For investors and stakeholders tracking VANJIA CORP, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Vanjia Corp's financial performance and operational status for the fiscal year 2023. As a Small Reporting Company, Vanjia Corp is subject to different disclosure requirements compared to larger filers, which may impact the level of detail provided.

Risk Assessment

Risk Level: low — VANJIA CORP shows low risk based on this filing. The filing is a standard 10-K for a small reporting company, indicating no immediate high-risk signals within the provided header information.

Analyst Insight

Review the full 10-K filing for detailed financial statements, risk factors, and management discussion to assess Vanjia Corp's business performance and outlook.

Key Numbers

• 2023-12-31 — Fiscal Year End (Annual period ended)
• 10-K — Form Type (SEC filing type)
• Small Reporting company — Filer Status (Classification of the registrant)

Key Players & Entities

• VANJIA CORP (company) — Filer name
• Texas (location) — State of incorporation
• Sugar Land (location) — City of principal executive offices
• 713-898-6818 (phone_number) — Business phone number
• 2023-12-31 (date) — Annual period ended
• 2024-03-27 (date) — Filed as of date

FAQ

Industry Context

Vanjia Corp operates in the operative builders sector, as indicated by its SIC code 1531.

Regulatory Implications

The company is subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the full financial statements within the 10-K for revenue, net income, and balance sheet details.
2. Review the 'Risk Factors' section for potential business and financial risks.
3. Examine the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' for insights into business trends and strategies.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-03-27: Filing Date — Date the 10-K report was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing information provided for the fiscal year 2023.

Key Financial Figures

• $500 — of approved structures, invest at least $500 into the home-buying transaction, and l
• $30,000 — y need. Families are eligible for up to $30,000 in down payment assistance if they are
• $200,160 — orkforce Housing Sales Price Maximum $200,160 $200,160 $150,000 Area Median Incom
• $150,000 — ales Price Maximum $200,160 $200,160 $150,000 Area Median Income (AMI) Limit Up to
• $19,500 — ation Areas - only Funding Amount(s) $19,500 $30,000 $30,000 Property Age New o
• $98,000 — d new single-family homes that sell for $98,000 or more and duplexes that sell for $165
• $165,000 — ,000 or more and duplexes that sell for $165,000 in these community redevelopment neighb
• $7,500 — these related expenses will range from $7,500 for the next 12 months. We will be subj
• $1,250 — omers. We believe our estimated cost of $1,250 will be sufficient to cover our project
• $3,500 — d cost for a surveyor' services will be $3,500. The Planning Commission for the City o
• $3,000 — the cost for architect drawings will be $3,000 to $3,500 per year. 7 ______________
• $160,000 — as Estimated cost for each milestone $160,000 $240,000 $380,000 LIQUIDITY AND CAP
• $240,000 — ated cost for each milestone $160,000 $240,000 $380,000 LIQUIDITY AND CAPITAL RESOU
• $380,000 — for each milestone $160,000 $240,000 $380,000 LIQUIDITY AND CAPITAL RESOURCES As
• $833,553 — ecember 31, 2023, our total assets were $833,553 and our total liabilities were $-0- whi

Filing Documents

• vnja_2023dec31-10k.htm (10-K) — 289KB
• exhibit_31-1.htm (EX-31.1) — 7KB
• exhibit_31-2.htm (EX-31.2) — 7KB
• exhibit_32-1.htm (EX-32.1) — 4KB
• image_001.jpg (GRAPHIC) — 6KB
• 0001017386-24-000046.txt (&nbsp;) — 1345KB
• vnja-20231231.xsd (EX-101.SCH) — 11KB
• vnja-20231231_cal.xml (EX-101.CAL) — 15KB
• vnja-20231231_def.xml (EX-101.DEF) — 12KB
• vnja-20231231_lab.xml (EX-101.LAB) — 98KB
• vnja-20231231_pre.xml (EX-101.PRE) — 72KB
• vnja_2023dec31-10k_htm.xml (XML) — 81KB

BUSINESS

BUSINESS 1-5 ITEM 1A.

RISK FACTORS

RISK FACTORS 6 ITEM 1B. UNRESOLVED STAFF COMMENTS 6 ITEM 2.

PROPERTIES

PROPERTIES 6 ITEM 3.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 6 ITEM 4. MINE SAFETY DISCLOSURES 6 PART II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 6 ITEM 6.

SELECTED FINANCIAL DATA

SELECTED FINANCIAL DATA 7 ITEM 7.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION 8 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 9 ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 9 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 9 ITEM 9B. OTHER INFORMATION 10 PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 10 ITEM 11.

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 12 ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 13 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE 14 ITEM 14 PRINCIPAL ACCOUNTANT FEES AND SERVICES 14 PART IV ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES 15

SIGNATURES

SIGNATURES 16 Ii _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ PART 1 FORWARD LOOKING This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, any of which may cause our or our industry's actual results, levels of activity, performances or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Forward looking to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results. Our financial statements are stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles. In this annual report, unless otherwise specified, all dollar amounts are expressed in United States dol

: DESCRIPTION

ITEM 1: DESCRIPTION OF BUSINESS Vanjia Corporation was incorporated in Texas on August 19, 2011. Our aim to build affordable housing in the city of Houston's designated HOPE and Workforce neighborhoods. Our future homes will have a variety of floor plans, be energy efficient, and conveniently located. We have already acquired a vacant lot in the Workforce neighborhoods. By providing affordable housing options, our future homes will enrich the communities of Houston and revitalize the local economy. PRODUCTS and SERVICES Our product is to build affordable homes in Houston's designated Houston Hope and Work Force Neighborhoods. The Houston Hope and Work force neighborhoods were created by the Houston Housing and Community Development Department (HHCD). The Houston HOPE Program strives to build strong and stable communities. Houston HOPE provides financial assistance to potential home buyers who are in designated Houston HOPE areas. We believe our future homes would be available for down payment assistance to our potential clients who meet the specific criteria outlined by the HHCD. 1 _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ In order to qualify for the program, applicants must demonstrate the ability to obtain a mortgage loan, demonstrate credit worthiness. The family's combined income must be at or below 80% of the area's median income. Approved applicants must also complete eight hours of home buyer education from a HUD-approved Housing Counseling Agency. The applicant must buy a new or existing home from a list of approved structures, invest at least $500 into the home-buying transaction, and live in the home for 10 years to satisfy the program eligibility criteria. Mortgage financing options through various selected lenders make it easier for ne

RISK

ITEM 1A. RISK FACTORS We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this item.

UNRESOLVED STAFF COMMENTS

Item 1B. UNRESOLVED STAFF COMMENTS We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

PROPERTIES

ITEM 2. PROPERTIES We owned one developmental lot in Palestine, Texas.

LEGAL PROCEEDINGS

ITEM 3. LEGAL PROCEEDINGS From time to times, we are involved in various legal proceedings and frivolous lawsuits arising in our ordinary course of business. Any such currently pending matters would not, in the opinion of management, have a material adverse effect on our financial conditions or results of operations. 5 _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES Not Applicable

MARKET FOR REGISTRATNT COMMON

ITEM 5 MARKET FOR REGISTRATNT COMMON EQUITY AND RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES We are currently quoted on the OTCMARKETS.COM. under the Ticker Symbol: VNJA. The below prices represent inter-dealer quotations without retail markup, markdown, or commission and may not necessarily represent actual transactions: Fiscal 2023 Low High First Quarter ended March 31 $ 5.55 $ 5.80 Second Quarter ended June 30 $ 6.18 $ 6.66 Third Quarter ended September 30 $ 5.00 $ 5.30 Fourth Quarter ended December 31 $ 3.00 $ 5.00 HOLDERS OF OUR COMMON STOCK As of December 31, 2023, we had 30,000,000 shares of our common stock issued and outstanding. DIVIDEND We have not paid any cash dividends on our common stock and have no present intention of paying any dividends on the shares of our common stock. Our future dividend policy will be determined from time to time by our board of director. SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS We do not have any compensation plan under which equity securities are authorized for issuance.

SELECTED FINANCIAL STATEMENTS

ITEM 6. SELECTED FINANCIAL STATEMENTS We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this item. 6 ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

. MANAGEMENT'S

ITEM 7 . MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION This section of the prospectus includes forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place an undue certainty on these forward-looking statements, which apply only as of the date of this prospectus. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions. PLAN OF OPERATION Our plan of operations for the next twelve months is to proceed with the implementation of our business plan. GOALS PROJECT OUTCOMES Legal and Accounting Expenses Compliance with financial reporting and internal controls Website Design Creation of our corporate website Civil Engineer or Surveyor's Fees Subdivision of lands Architect drawings Complete a set of plans for building permits Project Consultants Quality Control of construction project Marketing and Promotion Marketing and public awareness activities Working Capital Office supplies, telephone, postage and other miscellaneous expenses ACCOUNTING AND LEGAL EXPENSES - Our estimate these related expenses will range from $7,500 for the next 12 months. We will be subject to the reporting requirements of the Securities Exchange Act of 1934, as amended, or the Exchange Act, and the Sarbanes-Oxley Act of 2002. The Exchange Act requires that we file annual, quarters and current reports with respect to our business and financial condition. CREATE OUR CORPORATE WEBSITE - It is part of our business plan to have our website. A website can convey our corporate images and services to our potential customers. We believe our estimated cost of $1,250 will be s

QUALITATIVE DISCLOSURES ABOUT

ITEM 7A. QUALITATIVE DISCLOSURES ABOUT MARKET RISK As a small reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this item.

FINANCIAL STATEMENTS AND SUPPLEMENTAL

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTAL DATA Report of Independent Registered Public Accounting Firm F-1 Balance Sheets F-2 F-3 F-4 F-5

Notes to Financial Statements

Notes to Financial Statements F-6 to F- 9 ___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To: Board of Directors and Stockholders ofVanjia Corporation Opinion on the Financial

View Full Filing

View this 10-K filing on SEC EDGAR