v3.20.1

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Revenues	$ 0	$ 0	$ 0	$ 0
Operating expenses
Other Professional Fees	4,500	0	8,929	0
General administrative expenses	10,539	0	17,026	0
Total operating expenses	15,039	0	25,955	0
Loss from Operations	(15,039)	0	(25,955)	0
Other income (expenses)
Gain on Debt Write-Off	0	0	0	9,246,978
Interest expenses	0	0	0	0
Total other income (expense)	0	0	0	9,246,978
Income (Loss) before Income tax	(15,039)	0	(25,955)	9,246,978
Income Tax Benefit	0	0	0	0
Net income (Loss)	$ (15,039)	$ 0	$ (25,955)	$ 9,246,978
Basic and diluted income per common share	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Weighted average common shares outstanding - basic and diluted	62,942	62,942	62,515,334	62,515,334

The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Kemiao Garment Holding Group 10-Q