v3.19.3.a.u2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2019	Sep. 30, 2019
Current Assets
Cash and cash equivalents	$ 124,404	$ 61,816
Related party - loan receivable	1,076,473	0
Prepaid expenses	6,863	13,000
Total Current Assets	1,207,740	74,816
TOTAL ASSETS	1,207,740	74,816
Current Liabilities
Income tax payable	28	28
Amount due to related parties	27,378	126,399
Accounts payable and accrued expenses	40,662	19,058
Related party note payable	50,000	50,000
Note payable, current	1,120,000	0
Total Current Liabilities	1,238,068	195,485
Non-Current Liabilities
Note payable, non-current	140,000	0
TOTAL LIABILITIES	1,378,068	195,485
STOCKHOLDERS' EQUITY
Preferred stock - Par value $0.001; Authorized: 10,000,000 None issued and outstanding	0	0
Common Stock - Par value $0.001; Authorized: 75,000,000 Issued and Outstanding: 12,000,000 shares as of December 31, 2019 and September 30, 2019	12,000	12,000
Additional paid-in capital	58,853	58,853
Accumulated deficit	(241,181)	(191,522)
TOTAL STOCKHOLDERS' EQUITY	(170,328)	(120,669)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,207,740	$ 74,816

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Ando Holdings Ltd. 10-Q