UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934.

FOR THE QUARTERLY PERIOD ENDED June 30, 2017

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

COMMISSION FILE NUMBER: 333-210847

Asia Training Institute US, Inc.

(Exact name of registrant as specified in its charter)


Delaware		81-1010764
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

1108 S. #107 Baldwin Ave., Arcadia, CA		91007
(Company Mailing Address)		(Zip Code)

N/A

(Former name if changed since last report)

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [X] Yes [ ] No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). [X]Yes [ ] No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐		Accelerated filer ☐		Non-accelerated filer ☐ (Do not check if a smaller reporting company)
Smaller reporting company ☒		Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

[X] Yes [ ] No

State the number of shares outstanding of each of the issuer’s classes of common equity, as of August 9, 2017: 105,000,000 shares of common stock.

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Asia Training Institute US, Inc.

INDEX

PART I-FINANCIAL INFORMATION


ITEM 1	FINANCIAL STATEMENTS	F1

Balance Sheets		F1

Statements of Operations		F2

Statement of Cash Flows		F3

Notes to Unaudited Financial Statements		F4

ITEM 2	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	3

ITEM 3	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	4

ITEM 4	CONTROLS AND PROCEDURES	4

PART II-OTHER INFORMATION

ITEM 1	LEGAL PROCEEDINGS	4

ITEM 1A	RISK FACTORS

ITEM 2	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	4

ITEM 3	DEFAULTS UPON SENIOR SECURITIES	4

ITEM 4	MINE SAFETY DISCLOSURES	4

ITEM 5	OTHER INFORMATION	4

ITEM 6	EXHIBITS	5

SIGNATURES		6

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PART I - FINANCIAL INFORMATION

ITEM 1

FINANCIAL STATEMENTS

Asia Training Institute US, Inc.

CONDENSED BALANCE SHEETS

	June 30, 2017 (Unaudited)		December 31, 2016 (Audited)
ASSETS
CURRENT ASSETS:
Cash	$	990	$	567
Prepaid Expense		7,500		30,000
TOTAL ASSETS	$	8,490	$	30,567

LIABILITIES AND STOCKHOLDERS’ DEFICIT

CURRENT LIABILITIES:
Accrued expenses	$	2,555	$	4,925
Due to related party		22,141		22,141
TOTAL LIABILITIES		24,696		27,066

STOCKHOLDERS’ DEFICIT:
Preferred stock, $0.0001 par value; 20,000,000 shares authorized; none issued or outstanding as of June 30, 2017 and December 31, 2016		-		-
Common stock, $0.0001 par value; 500,000,000 shares authorized; 105,000,000 shares issued and outstanding as of June 30, 2017 and December 31, 2016		10,500		10,500
Additional paid-in capital		113,643		96,148
Accumulated deficit		(140,349)		(103,147)
TOTAL STOCKHOLDERS’ DEFICIT		(16,206)		3,501

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	8,490	$	30,567

See Accompanying Notes to Unaudited Financial Statements.

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Asia Training Institute US, Inc.

CONDENSED STATEMENTS OF OPERATIONS

(UNAUDITED)

		Three Months Ended				Six Months Ended
		June 30, 2017		June 30, 2016		June 30, 2017		June 30, 2016
Revenue	$	-	$	-	$	-	$	-

Expenses:
Development, general and administration	$	5,634	$	12,171	$	37,202	$	14,843

Operating loss		(5,634)		(12,171)		(37,202)		(14,843)

Net loss	$	(5,634)	$	(12,171)	$	(37,202)	$	(14,843)

Basic and Diluted net loss per common share	$	(0.00)	$	(0.00)	$	(0.00)	$	(0.00)

Weighted average number of common shares outstanding - Basic and Diluted		105,000,000		105,00,000		105,000,000		104,538,462

See Accompanying Notes to Unaudited Financial Statements.

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Asia Training Institute US, Inc.

CONDENSED STATEMENTS OF CASH FLOWS

(UNAUDITED)

			Six Months Ended
			June 30, 2017		June 30, 2016

CASH FLOWS FROM OPERATING ACTIVITIES
	Net loss	$	(37,202)	$	(14,843)
	Adjustments to reconcile net loss to net cash used in operating activities:
	Expenses contributed to capital		17,495		22,141
	Common stock issued in exchange for services rendered		-		700
	Changes in operating assets and liabilities:
	Prepaid Expense		22,500		-
	Accrued expenses		(2,370)		850
	Net cash provided by/(used in) operating activities		423		8,848

CASH FLOWS FROM FINANCING ACTIVITIES
	Net cash provided by financing activities		-		-

Net Change in Cash and Cash Equivalents		$	423	$	8,848
Cash and cash equivalents - beginning of period			567		-
Cash and cash equivalents - end of period		$	990	$	8,848

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid		$	-	$	-
Income taxes paid		$	-	$	-

See Accompanying Notes to Unaudited Financial Statements.

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Asia Training Institute US, Inc.

NOTES TO CONDENSED FINANCIAL STATEMENTS

For the period ENDED June 30, 2017

(UNAUDITED)

NOTE 1- ORGANIZATION AND DESCRIPTION OF BUSINESS

Asia Training Institute US, Inc., a Delaware corporation (“the Company”) was originally incorporated under the laws of the State of Delaware on November 10, 2015 with the name Asia Training Institute, Inc.

Following a unanimous vote by the board of directors on April 5, 2016, on April 6, 2016 the Company changed its name to Asia Training Institute US, Inc. and filed with the Delaware Secretary of State, a Certificate of Amendment.

The Company has elected December 31st as its year end.

The Company intends to offer informative business seminars on varying topics to attendees through the United States.

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION.

The accompanying unaudited interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information. The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year, as reported in its Form 10-K, have been omitted.

The results of operations for the six month period ended June 30, 2017 are not necessarily indicative of the results for the full fiscal year ending December 31, 2017.

NOTE 3 - GOING CONCERN

The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business.

The Company demonstrates adverse conditions that raise substantial doubt about the Company's ability to continue as a going concern for one year following the issuance of these financial statements. These adverse conditions are negative financial trends, specifically operating loss, working capital deficiency, and other adverse key financial ratios.

The Company has not established any source of revenue to cover its operating costs. At this time management plans to fund operating expenses with related party contributions to capital until it has revenue to cover such costs or an external source of financing other than management. There is no assurance management will be willing to provide the Company funds. There is also no plan to obtain outside financing. At this time the Company has no seminars planned. There is substantial doubt the company will ever be able to conduct seminars or to secure a source of financing to move forward with its business plan. At this time management intends to discuss internally as to how to resolve these concerns, however, no definitive plans have been developed or are in place to potentially alleviate such concerns.

The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event that the Company cannot continue as a going concern.

NOTE 4 - RELATED PARTY TRANSACTIONS

Additional Paid-In Capital

During the six month period ending June 30, 2017, our Chief Financial Officer, Chien-Heng Chiang, paid a combined $17,495 of expenses on behalf of the Company. Chien-Heng Chiang does not request repayment from the Company. This is recorded as additional paid in capital.

Due to Related Party

Contributed Capital

As of June 30, 2017 and December 31, 2016, our CFO, Chien-Heng Chiang, transferred funds to and paid expenses on behalf of the Company totaling $22,141 and $22,141 respectively. These contributions are considered as a loan to the Company which is noninterest bearing, unsecured, and due on demand.

Office Space

The Company’s mailing address is 1108 S. #107 Baldwin Ave., Arcadia, CA 91007. The Company utilizes home office space of its Chief Financial Officer, Chien Heng Chiang, at no cost. There is no written lease or rental agreement.

NOTE 5 - ACCRUED EXPENSES

Accrued expenses totaled $2,555 at June 30, 2017 and $4,925 at December 31, 2016 and consisted primarily of professional fees.

NOTE 6 - PREPAID EXPENSES

At June 30, 2017 the prepaid expense of $7,500 consists of a retainer for CPA fees to be incurred and expensed in the next three fiscal quarters.

NOTE 7 - SUBSEQUENT EVENTS

The Company has evaluated all subsequent events through the date these financial statements were issued, and determined that there were no subsequent events or transactions that require recognition or disclosures in the financial statements.

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ITEM 2

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

FORWARD LOOKING STATEMENTS

This Quarterly Report of Asia Training Institute US, Inc. on Form 10-Q contains forward-looking statements, particularly those identified with the words, “anticipates,” “believes,” “expects,” “plans,” “intends,” “objectives,” and similar expressions. These statements reflect management's best judgment based on factors known at the time of such statements. The reader may find discussions containing such forward-looking statements in the material set forth under “Management's Discussion and Analysis of Financial Condition and Results of Operations,” generally, and specifically therein under the captions “Liquidity and Capital Resources” as well as elsewhere in this Quarterly Report on Form 10-Q. Actual events or results may differ materially from those discussed herein. The forward-looking statements specified in the following information have been compiled by our management on the basis of assumptions made by management and considered by management to be reasonable. Our future operating results, however, are impossible to predict and no representation, guarantee, or warranty is to be inferred from those forward-looking statements.

The assumptions used for purposes of the forward-looking statements specified in the following information represent estimates of future events and are subject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives require the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and, accordingly, no opinion is expressed on the achievability of those forward-looking statements. No assurance can be given that any of the assumptions relating to the forward-looking statements specified in the following information are accurate, and we assume no obligation to update any such forward-looking statements.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

We prepare our financial statements in conformity with GAAP, which requires management to make certain estimates and apply judgments. We base our estimates and judgments on historical experience, current trends and other factors that management believes to be important at the time the financial statements are prepared. Due to the need to make estimates about the effect of matters that are inherently uncertain, materially different amounts could be reported under different conditions or using different assumptions. On a regular basis, we review our critical accounting policies and how they are applied in the preparation of our financial statements.

While we believe that the historical experience, current trends and other factors considered support the preparation of our financial statements in conformity with GAAP, actual results could differ from our estimates and such differences could be material.

BUSINESS

On January 1, 2016 the Company entered into a licensing agreement with Magic NLP Co., a Taiwanese Company. Per the licensing agreement we are now licensed to provide our future attendees of our seminars, the same course curriculum as already developed and offered by Magic NLP Co.

*Magic NLP Co. is considered a related party as it is controlled by our Chief Executive Officer Chun-Han Lin.

In the future we intend to offer informative seminars specifically geared towards primarily successful working adults. The seminars offered will cover a wide range of topics, including, but not strictly limited to, sales psychology, professional practitioner certification, tarot cards and hypnotherapy.

At this time we have no seminars planned or scheduled. Our cash balance of $990, as of June 30, 2017, is not enough to fund any potential seminars that we may host nor is it sufficient to pay for our ongoing reporting expenses. We have been relying on and continue to rely on our Chief Financial Officer Chien-Heng Chiang for capital. Mr. Chiang has no legal obligation to advance, loan, or provide us funds. At any time Mr. Chiang may be unwilling to provide us funds.

We have not taken any measures to market our seminars we wish to host in the future. To date we have not yet held any seminars.

We will need to raise additional funds through public or private debt or equity sales in order to fund our future. These financings may not be available when needed. Even if these financings are available, it may be on terms that we deem unacceptable or are materially adverse to your interests with respect to dilution of book value, dividend preferences, liquidation preferences, or other terms. Our inability to obtain financing will have an adverse effect on our ability to implement our current business plan and as a result, could require us to suspend our operations and possibly cease our existence.

RESULTS OF OPERATIONS

For the three months ended June 30, 2017 and June 30, 2016

We have not generated any revenues to date. We have yet to commence any substantive operations.

Our operating expenses were $5,634 for the three months ended June 30, 2017 and $12,171 for the three months ended June 30, 2016. Operating expenses for both periods were solely general and administrative in nature. Our net loss for the three months ended June 30, 2017 was $5,634. For the the three months ended June 30, 2016 our net loss was $12,171. The decrease in operating expenses and net loss for the three months ended June 30, 2017 was attributable to a lesser quantity of professional fees incurred.

For the six months ended June 30, 2017 and June 30, 2016

Our operating expenses were $37,202 for the six months ended June 30, 2017 and $14,843 for the six months ended June 30, 2016. Operating expenses for both periods were solely general and administrative in nature. Our net loss for the six months ended June 30, 2017 was $37,202. For the the six months ended June 30, 2016 our net loss was $14,843. The increase in operating expenses and net loss for the six months ended June 30, 2017 was attributable to a greater number of professional fees incurred. These professional fees were related to our ongoing reporting requirements.

LIQUIDITY AND CAPITAL RESOURCES

We have no known demands or commitments and are not aware of any events or uncertainties as of June 30, 2017 that will result in or that are reasonably likely to materially increase or decrease our current liquidity.

We had no material commitments for capital expenditures as of June 30, 2017.

As of June 30, 2017 we had cash consisting of $990.

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OFF-BALANCE SHEET ARRANGEMENTS

The Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

ITEM 3

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide the information required by this Item.

ITEM 4

CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that are designed to ensure that information required to be disclosed in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding disclosure. In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

Our Principal Executive Officer and Principal Financial Officer evaluated the effectiveness of our disclosure controls and procedures as of June 30, 2017. Based on that evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures as of the end of the period covered by this report were ineffective.

Changes in Internal Controls over Financial Reporting

There have been no significant changes to the Company’s internal controls over financial reporting that occurred during our last fiscal quarter ended June 30, 2017 that materially affected, or were reasonably likely to materially affect, our internal controls over financial reporting.

PART II - OTHER INFORMATION

Item 1 Legal Proceedings

There are not presently any material pending legal proceedings to which the Registrant is a party or as to which any of its property is subject, and no such proceedings are known to the Registrant to be threatened or contemplated against it.

Item 1A Risk Factors

There have been no material changes to the risk factors contained in our Form 10-K for the year ended December 31, 2016.

Item 2 Unregistered Sales of Equity Securities

None.

Item 3 Defaults Upon Senior Securities

None.

Item 4 Mine Safety Disclosures

Not applicable.

Item 5 Other Information

None.

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Item 6 Exhibits

Exhibit No.		Description
3.1		Certificate of Incorporation (1)

3.2		By-laws (1)

31		Certification of the Company’s Principal Executive and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant’s report on Form 10-Q for the period ended June 30, 2017 (2)

32		Certification of the Company’s Principal Executive and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (2)

101.INS		XBRL Instance Document (3)

101.SCH		XBRL Taxonomy Extension Schema (3)

101.CAL		XBRL Taxonomy Extension Calculation Linkbase (3)

101.DEF		XBRL Taxonomy Extension Definition Linkbase (3)

101.LAB		XBRL Taxonomy Extension Label Linkbase (3)

101.PRE		XBRL Taxonomy Extension Presentation Linkbase (3)

(1)	Filed as an exhibit to the Company's Registration Statement on Form S-1, as filed with the SEC on June 16, 2016 and incorporated herein by this reference.
(2)	Filed herewith.
(3)	Users of this data are advised that, pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or Annual Report for purposes of Sections 11 or 12 of the Securities Act of 1933 or Section 18 of the Exchange Act of 1934 and otherwise are not subject to liability.

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SIGNATURES

In accordance with the requirements of the Exchange Act, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Asia Training Institute US, Inc.

Dated: August 9, 2017

	By:	/s/ Chun-Han Lin
		Chun-Han Lin, Chief Executive Officer (Principal Executive Officer), Director

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Asia Training Institute US, Inc. 10-Q