10-Q Filing

PONY GROUP INC. CIK: 1784058 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-066850`
Period End Date	20230630
Filing Date	20230814
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	f10q0623_ponygroup_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 70 Cash Flow Statement 32 Stockholders Equity 22

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Ordinary shares, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Ordinary shares, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Ordinary shares, authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Ordinary shares, authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.80K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.68K	USD	Point-in-time
Ordinary shares, issued	`CommonStockSharesIssued`	11.50M	shares	Point-in-time
Ordinary shares, issued	`CommonStockSharesIssued`	11.50M	shares	Point-in-time
Ordinary shares, outstanding	`CommonStockSharesOutstanding`	11.50M	shares	Point-in-time
Ordinary shares, outstanding	`CommonStockSharesOutstanding`	11.50M	shares	Point-in-time
Accounts receivables	`AccountsReceivableNetCurrent`	$10.72K	USD	Point-in-time
Accounts receivables	`AccountsReceivableNetCurrent`	$8.72K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$16.82K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$285.00	USD	Point-in-time
Other receivables-related parties	`AccountsAndOtherReceivablesNetCurrent`	$9.00K	USD	Point-in-time
Other receivables-related parties	`AccountsAndOtherReceivablesNetCurrent`	$9.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$66.22K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$69.81K	USD	Point-in-time
Total assets	`Assets`	$69.81K	USD	Point-in-time
Total assets	`Assets`	$66.22K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.34K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.78K	USD	Point-in-time
Other payable- related parties	`NotesPayableCurrent`	$378.75K	USD	Point-in-time
Other payable- related parties	`NotesPayableCurrent`	$431.84K	USD	Point-in-time
Other current liability	`OtherLiabilitiesCurrent`	$45.41K	USD	Point-in-time
Other current liability	`OtherLiabilitiesCurrent`	$15.26K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$425.35K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$509.03K	USD	Point-in-time
Total liabilities	`Liabilities`	$509.03K	USD	Point-in-time
Total liabilities	`Liabilities`	$425.35K	USD	Point-in-time
Ordinary shares, $0.001 par value, 70,000,000 shares authorized, 11,500,000 shares issued and outstanding as of June 30, 2023 and December 31, 2022	`CommonStockValue`	$11.50K	USD	Point-in-time
Ordinary shares, $0.001 par value, 70,000,000 shares authorized, 11,500,000 shares issued and outstanding as of June 30, 2023 and December 31, 2022	`CommonStockValue`	$11.50K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$176.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$176.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$6.36K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$21.50K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-651.81K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-549.40K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-442.81K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-355.54K	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$69.81K	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$66.22K	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
Diluted loss per common share	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Revenue	`Revenues`	$47.23K	USD	1 Quarter
Revenue	`Revenues`	$23.70K	USD	1 Quarter
Diluted loss per common share	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Diluted loss per common share	`EarningsPerShareDiluted`	$-0.02	USD	2 Qtrs
Diluted loss per common share	`EarningsPerShareDiluted`	$-0.00	USD	1 Quarter
Revenue	`Revenues`	$53.56K	USD	2 Qtrs
Revenue	`Revenues`	$103.39K	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$45.47K	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$20.87K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$31.59K	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$6.77K	USD	1 Quarter
Gross profit	`GrossProfit`	$26.36K	USD	1 Quarter
Gross profit	`GrossProfit`	$16.93K	USD	1 Quarter
Gross profit	`GrossProfit`	$21.97K	USD	2 Qtrs
Gross profit	`GrossProfit`	$57.92K	USD	2 Qtrs
General & administrative expenses	`GeneralAndAdministrativeExpense`	$160.41K	USD	2 Qtrs
General & administrative expenses	`GeneralAndAdministrativeExpense`	$71.87K	USD	1 Quarter
General & administrative expenses	`GeneralAndAdministrativeExpense`	$238.12K	USD	2 Qtrs
General & administrative expenses	`GeneralAndAdministrativeExpense`	$123.78K	USD	1 Quarter
R&D expense	`ResearchAndDevelopmentExpense`	-	USD	2 Qtrs
R&D expense	`ResearchAndDevelopmentExpense`	$17.26K	USD	2 Qtrs
R&D expense	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
R&D expense	`ResearchAndDevelopmentExpense`	$10.19K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$133.96K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$71.87K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$255.38K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$160.41K	USD	2 Qtrs
Loss from operation	`OperatingIncomeLoss`	$-45.51K	USD	1 Quarter
Loss from operation	`OperatingIncomeLoss`	$-102.49K	USD	2 Qtrs
Loss from operation	`OperatingIncomeLoss`	$-117.03K	USD	1 Quarter
Loss from operation	`OperatingIncomeLoss`	$-233.41K	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$439.00	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-77.00	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-156.00	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$473.00	USD	1 Quarter
Total other income (expense)	`OtherIncome`	$439.00	USD	2 Qtrs
Total other income (expense)	`OtherIncome`	$-156.00	USD	1 Quarter
Total other income (expense)	`OtherIncome`	$473.00	USD	1 Quarter
Total other income (expense)	`OtherIncome`	$-77.00	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-45.36K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-233.85K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-117.51K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-102.41K	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-45.36K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-102.41K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-116.34K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-117.51K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-233.85K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-57.05K	USD	1 Quarter
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTax`	$9.70K	USD	1 Quarter
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTax`	$9.26K	USD	2 Qtrs
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTax`	$15.14K	USD	2 Qtrs
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTax`	$16.04K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-87.27K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-107.81K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-224.59K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-29.32K	USD	1 Quarter
Basic loss per common share (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic loss per common share (in Dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	2 Qtrs
Basic loss per common share (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Basic loss per common share (in Dollars per share)	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
Weighted average number of shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.50M	shares	1 Quarter
Weighted average number of shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.50M	shares	2 Qtrs
Weighted average number of shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.50M	shares	1 Quarter
Weighted average number of shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.50M	shares	2 Qtrs

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-45.36K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-102.41K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-116.34K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-117.51K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-233.85K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-57.05K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.73K	USD	2 Qtrs
Other receivable	`IncreaseDecreaseInOtherReceivables`	$16.53K	USD	2 Qtrs
Other receivable	`IncreaseDecreaseInOtherReceivables`	$201.00	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.76K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$436.00	USD	2 Qtrs
Other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$30.16K	USD	2 Qtrs
Other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-79.69K	USD	2 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-86.35K	USD	2 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-300.77K	USD	2 Qtrs
Advance from related party	`ProceedsFromIssuanceOfCommonStock`	$70.30K	USD	2 Qtrs
Advance from related party	`ProceedsFromIssuanceOfCommonStock`	$53.09K	USD	2 Qtrs
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$53.09K	USD	2 Qtrs
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$70.30K	USD	2 Qtrs
Effects of currency translation on cash	`EffectsOfCurrencyTranslationOnCash`	$-15.14K	USD	2 Qtrs
Effects of currency translation on cash	`EffectsOfCurrencyTranslationOnCash`	$-9.26K	USD	2 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-18.12K	USD	2 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-221.21K	USD	2 Qtrs
Cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.68K	USD	Point-in-time
Cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$266.01K	USD	Point-in-time
Cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.80K	USD	Point-in-time
Cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.80K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.68K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$266.01K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.80K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.80K	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-327.57K	USD	Point-in-time
Balance	`StockholdersEquity`	$-413.50K	USD	Point-in-time
Balance	`StockholdersEquity`	$-355.54K	USD	Point-in-time
Balance	`StockholdersEquity`	$-219.77K	USD	Point-in-time
Balance	`StockholdersEquity`	$-102.98K	USD	Point-in-time
Balance	`StockholdersEquity`	$-442.81K	USD	Point-in-time
Cumulative Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$9.70K	USD	1 Quarter
Cumulative Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$16.04K	USD	1 Quarter
Cumulative Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-899.00	USD	1 Quarter
Cumulative Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-442.00	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-45.36K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-102.41K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-116.34K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-117.51K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-233.85K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-57.05K	USD	1 Quarter
Balance	`StockholdersEquity`	$-327.57K	USD	Point-in-time
Balance	`StockholdersEquity`	$-413.50K	USD	Point-in-time
Balance	`StockholdersEquity`	$-355.54K	USD	Point-in-time
Balance	`StockholdersEquity`	$-219.77K	USD	Point-in-time
Balance	`StockholdersEquity`	$-102.98K	USD	Point-in-time
Balance	`StockholdersEquity`	$-442.81K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.