Longwen Group Corp. Files Q2 2024 10-Q
Ticker: WYGC · Form: 10-Q · Filed: Aug 12, 2024 · CIK: 723533
| Field | Detail |
|---|---|
| Company | Longwen Group Corp. (WYGC) |
| Form Type | 10-Q |
| Filed Date | Aug 12, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, management-consulting
TL;DR
Longwen Group Corp. 10-Q filed. Q2 2024 update.
AI Summary
Longwen Group Corp. filed its 10-Q for the period ending June 30, 2024. The company, formerly known as Allied Ventures Holdings Corp. and Dephasium Corp., operates in management consulting services. Its business address is in Hangzhou, China.
Why It Matters
This filing provides investors with an update on Longwen Group Corp.'s financial performance and operational status for the second quarter of 2024.
Risk Assessment
Risk Level: low — This is a routine quarterly filing with no immediately apparent significant negative or positive developments.
Key Players & Entities
- Longwen Group Corp. (company) — Filer
- Allied Ventures Holdings Corp. (company) — Former company name
- Dephasium Corp. (company) — Former company name
- 8742 (dollar_amount) — Standard Industrial Classification Code for Management Consulting Services
- NV (company) — State of incorporation
- 20240630 (date) — Period of report
- 20240812 (date) — Filed as of date
FAQ
What is Longwen Group Corp.'s primary business activity?
Longwen Group Corp. is primarily involved in Services-Management Consulting Services, as indicated by its Standard Industrial Classification code 8742.
When was the company formerly known as Allied Ventures Holdings Corp.?
The company was formerly known as Allied Ventures Holdings Corp. until a name change on February 23, 2015.
What is the filing date for this 10-Q report?
This 10-Q report was filed as of August 12, 2024.
What is the fiscal year end for Longwen Group Corp.?
Longwen Group Corp.'s fiscal year ends on December 31.
Where is Longwen Group Corp. incorporated?
Longwen Group Corp. is incorporated in Nevada (NV).
Filing Stats: 4,592 words · 18 min read · ~15 pages · Grade level 15.8 · Accepted 2024-08-12 16:05:25
Filing Documents
- form10-q.htm (10-Q) — 948KB
- ex31-1.htm (EX-31.1) — 18KB
- ex31-2.htm (EX-31.2) — 19KB
- ex32-1.htm (EX-32.1) — 10KB
- 0001493152-24-031262.txt ( ) — 4592KB
- lwlw-20240630.xsd (EX-101.SCH) — 33KB
- lwlw-20240630_cal.xml (EX-101.CAL) — 56KB
- lwlw-20240630_def.xml (EX-101.DEF) — 158KB
- lwlw-20240630_lab.xml (EX-101.LAB) — 309KB
- lwlw-20240630_pre.xml (EX-101.PRE) — 225KB
- form10-q_htm.xml (XML) — 617KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION Item 1
Financial Statements
Financial Statements 4 Consolidated Balance Sheets as of June 30, 2024 (unaudited) and December 31, 2023 5 Consolidated Statements of Operations and Other Comprehensive Income (Loss) (unaudited) for the three and six months ended June 30, 2024 and 2023 6 Consolidated Statements of Cash Flows (unaudited) for the six months ended June 30, 2024 and 2023 7 Consolidated Statements of Changes in Stockholders' Equity (Deficit) (unaudited) for the three and six months ended June 30, 2024 and 2023 8 Notes to Unaudited Consolidated Financial Statements 9 Item 2
Management's Discussion and Analysis of Financial Condition and Results of Operation
Management's Discussion and Analysis of Financial Condition and Results of Operation 19 Item 3
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 22 Item 4
Controls and Procedures
Controls and Procedures 22
- OTHER INFORMATION
PART II - OTHER INFORMATION Item 1
Legal Proceedings
Legal Proceedings 23 Item 1A
Risk Factors
Risk Factors 23 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 23 Item 3 Defaults Upon Senior Securities 23 Item 4 Mine Safety Disclosures 23 Item 5 Other Information 23 Item 6 Exhibits 24
SIGNATURES
SIGNATURES 25 EXHIBIT INDEX 26 2 NOTE ABOUT FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements. All statements contained in this Quarterly Report on Form 10-Q other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, and our objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described in the section entitled "Risk Factors", beginning on page 5 of our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities & Exchange Commission ("SEC") on April 1, 2024. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless expressly indicated or the context requires otherwise, the terms "Company," "we," "us," and "our" in this document refer Longwen Group Corp., a Nevada corporation. 3 PART I – FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS LONGWEN GROUP CORP. INDEX TO FINANCIAL STATEMENTS Consolidated Balance Sheets as of June 30, 2024 (unaudited) and December 31, 2023 5 Consolidated Statements of Operations and Other Compreh