ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for pro Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
Xinda International Corporation (CE)

Xinda International Corporation (CE) (XNDA)

0.0004
0.00
(0.00%)
Closed October 15 4:00PM

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
0.0004
Bid
0.00
Ask
0.00
Volume
-
0.00 Day's Range 0.00
0.0001 52 Week Range 0.02
Previous Close
0.0004
Open
-
Last Trade
Last Trade Time
Average Volume (3m)
667
Financial Volume
-
VWAP
-
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10000000CS
4000.00040.00040.000400CS
12000.00040.00040.00046670.0004CS
26000.00040.00040.00043330.0004CS
52-0.0196-980.020.020.0001100890.00795457CS
156-0.3497-99.88574692940.35011.070.0001135320.13401038CS
260-1.4996-99.97333333331.56.10.000193730.36382061CS

Movers

View all
  • Most Active
  • % Gainers
  • % Losers
SymbolPriceVol.
PSYBFPsybio Therapeutics Corporation (CE)
$ 0.021
(2,099,900.00%)
3k
EGIOQEdgio Inc (CE)
$ 0.10
(99,900.00%)
3.31k
EEGIELine Entertainment Group Inc (CE)
$ 0.0002
(19,900.00%)
680k
SHPWQShapeways Holdings Inc (CE)
$ 0.0002
(19,900.00%)
3.21k
BCCIBaristas Coffee Company Inc (CE)
$ 0.0001
(9,900.00%)
61k
KLDOKaleido Biosciences Inc (CE)
$ 0.000001
(-100.00%)
58.28k
MITJFMint Corporation (CE)
$ 0.000001
(-99.99%)
99.43k
CVUEFClearvue Technologies LT (QX)
$ 0.0002
(-99.93%)
13k
JPEXJPX Global Inc (CE)
$ 0.000001
(-99.86%)
1.6k
LQAVFLiquid Avatar Technologies Inc (CE)
$ 0.000001
(-99.80%)
1,000
RDARRaadr Inc (PK)
$ 0.0015
(25.00%)
876.47M
PLPLPlandai Biotechnology Inc (PK)
$ 0.0002
(0.00%)
594.03M
AAPJAAP Inc (PK)
$ 0.0006
(20.00%)
290.1M
HMBLHUMBL Inc (PK)
$ 0.0002
(-33.33%)
288.28M
PHILPHI Group Inc (PK)
$ 0.0002
(-33.33%)
261.17M

XNDA Discussion

View Posts
devil dog 96 devil dog 96 1 year ago
Love the tiny share structure here. https://www.otcmarkets.com/stock/XNDA/security

It's micro for how low her share price is. Looks like she is geared for a big run at some point.
👍️0
MrAlon MrAlon 1 year ago
As Tribal Rides International Corp. ($XNDA) attempts to extend its market position, investors have the potential to participate in its growth. The company intends to create value and drive shareholder returns by capitalising on new trends and using its advanced technologies.
👍️0
Mrhenry Mrhenry 1 year ago
With a substantial market capitalization, Tribal Rides (XNDA) is leading the innovations in the ride-hailing sector. Keep an eye out for their contributions to transportation's future!
👍️0
MrAlon MrAlon 1 year ago
The cutting-edge digital environment and marketplace offered by Tribal Rides (XNDA) not only assist users but also offer tremendous revenue growth potential for drivers and other transportation service providers. Investors and other stakeholders may expect the firm to continue growing and having a significant influence on the transportation industry.
👍️0
Mrhenry Mrhenry 1 year ago
As far as I'm aware, regional or market-specific local ride-hailing firms compete with Tribal Rides International Corp. since they could have built up client loyalty and a thorough awareness of the peculiarities of their particular marketplaces. I'm waiting for a bull run to take place today in this stock.
👍️0
MrAlon MrAlon 1 year ago
I think Tribal Rides International Corp. (XNDA) will stay ahead of the transportation game after launching its new app, Trusted Ride, in August 2023.
👍️0
johnsmeenk2 johnsmeenk2 1 year ago
Investors, take note! Trusted Ride ( XNDA ) is a promising player in the ride-hailing industry. With its focus on building trust and its anticipated release of advanced Trusted Rides apps, this stock could be worth considering for your investment portfolio.
👍️ 1
MrAlon MrAlon 1 year ago
Trusted Rides uses technology to improve their services and make them more user-friendly. It is now introducing Trusted Rides applications for drivers and riders, with a commercial release date of August 2023. Keep a watch on this stock since it has a great deal of potential in the market.
👍️0
Mrhenry Mrhenry 1 year ago
In August 2023, Tribal Rides International (XNDA) plans to deploy its cutting-edge Trusted Rides applications. The CEO's words regarding successful testing and revenue estimates for the fourth quarter of 2023 demonstrate the company's commitment to revolutionising transportation.

Press Release Link:- https://www.accesswire.com/759683/Tribal-Rides-Internatonal-OTCPKXNDA-on-Track-for-Trusted-Rides-Release-Q4-Revenues

Watch Now:- https://vimeo.com/828002021?share=copy
👍️0
Mrhenry Mrhenry 1 year ago
Stay ahead of the curve in transportation with Tribal Rides/Xinda (XNDA). Their upcoming ecosystem and marketplace are set to revolutionise travel, providing seamless trip tracking, connected multi-modal journeys, advanced mapping, and cutting-edge transaction capabilities. With a market cap of 1.9M+ and over 39M+ outstanding shares on the OTC market, this stock is making significant waves in the industry.
👍️0
splintered sunlight splintered sunlight 2 years ago
This sucks.
👍️0
splintered sunlight splintered sunlight 2 years ago
Well that didn't last long....
👍️0
splintered sunlight splintered sunlight 2 years ago
Really does - what's up with the 10,000 shares seller at 0.50 who is $3.5 lower than anybody else?

Maybe he forgot he had the order in...
👍️0
Thehustle Thehustle 2 years ago
Looks great
👍️0
splintered sunlight splintered sunlight 2 years ago
I really hoped you scooped!!!!!!
👍️0
splintered sunlight splintered sunlight 2 years ago
Down 26% and bid lower - here's your chance.
👍️0
Thehustle Thehustle 2 years ago
I think I’ll scoop a few more
👍️0
$theDDmessiah $theDDmessiah 2 years ago
Wow what a move this company looks better than uber
👍️0
makinezmoney makinezmoney 3 years ago
$XNDA: Tribal Rides ??????


Trying to fill a bid


https://tribalrides.com/







GO $XNDA
👍️0
ALERTS100%to10000%GAIN ALERTS100%to10000%GAIN 3 years ago
low ss here
👍️0
MikeyMayhem MikeyMayhem 3 years ago
Anyone home?
👍️0
Don Bee Don Bee 4 years ago
New CEO Interview

https://vimeo.com/528858089
👍️0
Don Bee Don Bee 4 years ago
MoneyTV interview with CTO

https://vimeo.com/519538304
👍️0
emit emit 4 years ago
Hmmmmm.


e
👍️0
Don Bee Don Bee 4 years ago
New MoneyTV interview:

https://vimeo.com/508454127
👍️0
Don Bee Don Bee 4 years ago
MoneyTV interview with XNDA CEO:

https://vimeo.com/498017689
👍️0
Anvil Anvil 4 years ago
Interesting company
👍️0
Golden Cross Golden Cross 5 years ago
Pink Current
👍️0
ALERTS100%to10000%GAIN ALERTS100%to10000%GAIN 5 years ago
XNDA~~Quarterly Report (10-q)
Date :
01/23/2020 @ 4:16PM
Source :
Edgar (US Regulatory)


Quarterly Report (10-q)

Print
Alert




Table of Contents

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q


?
Quarterly Report Pursuant to Section 13 or 15(d) Securities Exchange Act of 1934

For Quarterly Period Ended September 30, 2019

-OR-


?
Transition Report Pursuant to Section 13 or 15(d) of the Securities And Exchange Act of 1934

For the transaction period from to

Commission File Number 333-200344

Xinda International Corp.
(Exact name of Registrant in its charter)



Nevada

37-1758469


(State or other jurisdiction
of incorporation or organization)

(I.R.S. Employer
Identification No.)







9190 W. Olympic Blvd, #32
Beverly Hills, CA 90212

90212


(Address of principal executive offices)

(Zip Code)


Registrant’s Telephone Number, Including Area Code: +(855)777-5666

Securities registered pursuant to Section 12(b) of the Act: None
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
N/A
N/A
N/A

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 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. Yes ? No ?

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). 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
?
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 Act). Yes ? No ?

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. The number of shares outstanding of the registrant's only class of common stock, as of December 31, 2019 was 25,957,300 shares.















XINDA INTERNATIONAL CORP.
(FORMERLY KNOWN AS TRIMAX CONSULTING, INC.)
FORM 10-Q
Period Ended September 30, 2019

TABLE OF CONTENTS




Page



PART I. FINANCIAL INFORMATION




Item 1.
Financial Statements
3

Balance Sheets as of September 30, 2019 (Unaudited) and December 31, 2018
3

Statements of Operations for the Three and Nine Months Ended September 30, 2019 and 2018 (Unaudited)
4

Statements of Equity for the Nine Months Ended September 30, 2019 (Unaudited)
5

Statements of Cash Flows for the Nine Months Ended September 30, 2019 and 2018 (Unaudited)
6

Notes to the Financial Statements (Unaudited)
7
Item 2.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
12
Item 3.
Quantitative and Qualitative Disclosures About Market Risk
14
Item 4.
Controls and Procedures
14






PART II. OTHER INFORMATION




Item 1.
Legal Proceedings
15
Item 1A.
Risk Factors
15
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
15
Item 3.
Defaults Upon Senior Securities
15
Item 4.
Mine Safety Disclosures
15
Item 5.
Other Information
15
Item 6.
Exhibits
16



SIGNATURES
17










2





PART I - FINANCIAL INFORMATION

ITEM I — FINANCIAL STATEMENTS

XINDA INTERNATIONAL CORP.
BALANCE SHEETS




September 30, 2019


December 31, 2018



(Unaudited)




Assets






Current assets








Cash and cash equivalents

$
1,017


$
1,017

Investments








Total current assets


1,017



1,017

Total Assets

$
1,017


$
1,017










Liabilities and Shareholders’ Deficit








Current liabilities








Accrued expenses

$
67,108


$
65,308

Due to related parties


41,667



41,667

Total current liabilities


108,775



106,975










Shareholders’ Deficit








Common stock, $0.0001 par value; 50,000,000 shares authorized, 25,957,300 issued and outstanding at September 30, 2019 and December 31, 2018


2,596



2,596

Additional paid in capital


25,483



25,483

Accumulated deficit


(135,837
)


(134,037
)
Total Shareholders’ deficit


(107,758
)


(105,958
)
Total Liabilities and Shareholders’ Deficit

$
1,017


$
1,017


The accompanying notes are an integral part of these unaudited financial statements.






3






XINDA INTERNATIONAL CORP.


STATEMENTS OF OPERATIONS
(UNAUDITED)




For the three months ended September 30,


For the three months ended September 30,


For the nine
months ended September 30,


For the nine
months ended September 30,



2019


2018


2019


2018














Revenues

$



$



$



$



















Operating Expenses


600



23,135



1,800



50,009


















Net Loss from Operations before Income Taxes


(600
)


(23,135
)


(1,800
)


(50,009
)

















Income Tax Expense

































Net Loss

$
(600
)

$
(23,135
)

$
(1,800
)

$
(50,009
)

















Basic and Diluted Net Loss Per Common Share

$
(0.00
)

$
(0.00
)

$
(0.00
)

$
(0.00
)

















Weighted Average Number of Shares Outstanding; Basic and Diluted


25,957,300



25,957,300



25,957,300



25,957,300



The accompanying notes are an integral part of these unaudited financial statements.







4




TRIMAX CONSULTING, INC.
Statement of Shareholders' Equity
For the year ended December 31, 2018 and nine months ended September 30, 2019 (Unaudited)




Common Stock


Additional Paid-In


Accumulated






Shares


Amount


Capital


Deficit


Total

















Balances December 31, 2017


25,957,300


$
2,596


$
25,483


$
(106,563
)

$
(78,484
)





















Net Income for the year ended 12/31/2018














(27,474
)


(27,474
)
Balances December 31, 2018


25,957,300


$
2,596


$
25,483


$
(134,037
)

$
(105,958
)





















Net loss for the nine months ended September 30, 2019














(1,800
)


(1,800
)
Balance September 30, 2019


25,957,300


$
2,596


$
25,483


$
(135,837
)

$
(107,758
)



The accompanying notes are an integral part of these statements











5





XINDA INTERNATIONAL CORP.
STATEMENTS OF CASH FLOWS
(UNAUDITED)





For the nine months ended September 30, 2019



For the nine months ended September 30, 2018










Cash flows from operating activities:








Net loss

$
(1,800
)

$
(50,009
)
Adjustment to reconcile net loss to net cash used in operating activities:








Changes in operating assets and liabilities








Accrued expenses


1,800



50,009

Cash used in operating activities

















Cash flows from investing activities:








Investment in land








Cash used in investing activities

















Cash flows from financing activities:








Proceeds from related party loans








Repayments to related party loans








Cash provided by financing activities

















Increase (Decrease) in cash and cash equivalents

















Cash and cash equivalents at beginning of period


1,017



1,017










Cash and cash equivalents at end of period

$
1,017


$
1,017










SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION








Income taxes paid

$



$


Interest paid

$



$











NON-CASH TRANSACTIONS








Net effect of assets distributed to and liabilities assumed by the former shareholder

$



$


Operating expenses paid by related party

$



$



The accompanying notes are an integral part of these unaudited financial statements.






6





XINDA INTERNATIONAL CORP.
(FORMERLY KNOWN AS TRIMAX CONSULTING, INC.)
Notes to Financial Statements
(Unaudited)


Note 1. Nature of Business

Nature of Business

Trimax Consulting, Inc. (“the Company”) was incorporated in Nevada on May 19, 2014. The Company was established for the purpose of real estate consulting and the purchasing of Tax Liens.

On March 16, 2017, pursuant to a stock purchase agreement between Oeshadebie Waterford, the Company's President and Chief Executive Officer (“CEO”), and Newfield Global Holdings Limited (“Newfield”) which is wholly owned by Mr. Jingyu Bai, Newfield acquired 25,000,000 shares of common stock of the Company for cash consideration of $300,000. The shares acquired represent 96.3% of the issued and outstanding shares of common stock of the Company. In connection with the stock purchase, the Company distributed the investment in the amount of $3,527 to Oeshadebie Waterford and Oeshadebie Waterford assumed accrued expenses in the amount of $11,500 and forgave a related party officer demand loan in the amount of $456. On March 16, 2017, Oeshadebie Waterford resigned her official position as President and Chief Executive Officer of the Company, and on the same day the shareholders of the Company voted Eng Wah Kung as Director and Chief Executive Officer of the Company, and Teck Siong Lim as Chief Financial Officer (“CFO”).

Upon the election of the new Board, the Company has altered the Company’s business plan to provide end to end HR services including recruitment, executive search, campus recruitment, training and a complete range of HR outsourcing solutions to clients, with the ultimate aim in creating true value for businesses, through the essential core asset of clients.

On May 8, 2017, the board of directors adopted an Amendment to its Articles of Incorporation changing the name of the Company to Xinda International Corp., and on June 9, 2017, the Financial Industry Regulatory Authority (“FINRA”) gave final approval for the name change and the ticker Symbol “XNDA”.

On May 17, 2018, the Company entered into a Purchase and Sale Agreement with Millrock Alaska LLC, an Alaska corporation (“Millrock”), pursuant to which the Company will acquire a 100% interest (subject to a royalty provision) in federal mining rights in the Lordsburg lithium project (the “Assets”). In consideration for acquisition of the Assets the Company has agreed to pay Millrock cash consideration of $50,000 as well as 19.9% of the Company’s issued and outstanding stock. The Company will execute and deliver to Millrock at closing a Royalty Deed pursuant to which the Company will pay Millrock a royalty of 3% of gross final sales (as defined in the Royalty Deed). The Company also will enter into and deliver to Millrock a Milestone Payment Agreement the parties have agreed to future share payments in the event that the Company makes exploration expenditures of US$5.0 million dollars on the claims or in a surrounding Area of Interest. Under this milestone the Company will issue to Millrock that number of Company shares of Common Stock that will result in Millrock owning 19.9% of the issued and outstanding shares of Company at that time. Further on September 30st of each calendar year, the Company will pay to Franklin Bain a finder’s fee equal to 2.5% of Exploration Expenditures incurred in the prior calendar year or $25,000, whichever is more. The requirement to pay the annual third milestone payment will end after $250,000 has been paid to Franklin Bain. The Purchase and Sale Agreement, the Royalty Deed and the Milestone Payment Agreement are attached hereto as exhibits and incorporated herein by reference.

Effective May 24, 2018 the Company completed delivery of the stock to Millrock by the delivery from Newfield Global Holdings Limited a total of 1,100,000 shares to Millrock. In addition, Newfield Global Holdings transferred 950,000 shares each to LWH Advisory Limited and LWH Consulting Sdn Bhd as part of the transaction. Subsequent to the acquisition, the Company intends to complete a 14 to 1 forward stock dividend of its stock.

As of August, 2018, the merger with Millrock was terminated because management did not comply with the agreement, as a result Mr Eng Wah KUNG was reinstated as the CEO of XNDA.






7






XINDA INTERNATIONAL CORP.
(FORMERLY KNOWN AS TRIMAX CONSULTING, INC.)
Notes to Financial Statements
(Unaudited)


Note 2. Summary of Significant Accounting Policies

Basis of Presentation

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 (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's latest Annual Report on Form 10-K filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results of operations for the interim periods presented have been reflected herein. The results of operations for such interim periods are not necessarily indicative of operations for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year, as reported in the Form 10-K for the fiscal year ended December 31, 2018, have been omitted.

Use of Estimates

The preparation of financial statements that conform with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting period. Management makes these estimates using the best information available at the time, however, actual results could differ materially from those estimates.

Fair Value of Financial Instruments

Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability.





8





XINDA INTERNATIONAL CORP.
(FORMERLY KNOWN AS TRIMAX CONSULTING, INC.)
Notes to Financial Statements
(Unaudited)


Authoritative literature provides a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement as follows:

Level 1 - Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

Level 2 - Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability.

The Company's financial instruments consist principally of cash and accrued expenses. The carrying amounts of such financial instruments in the accompanying balance sheets approximate their fair values due to their relatively short-term nature.

It is not, however, practical to determine the fair value of amounts due to related parties because the transactions cannot be assumed to have been consummated at arm’s length, the terms are not deemed to be market terms, there are no quoted values available for these instruments, and an independent valuation would not be practical due to the lack of data regarding similar instruments, if any, and the associated potential costs.

Related Parties

A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.






9







XINDA INTERNATIONAL CORP.
(FORMERLY KNOWN AS TRIMAX CONSULTING, INC.)
Notes to Financial Statements
(Unaudited)

Transactions involving related parties cannot be presumed to be carried out on an arm's- length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated.

Recently Issued Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position and result of operations.

Note 3. Going Concern

The accompanying unaudited financial statements have been prepared assuming that the Company continues as a going concern. The Company has suffered recurring losses from operations. As shown in the accompanying unaudited financial statements, the Company has working capital deficit of $107,758 as of September 30, 2019, and has not generated any cash flows from operating activities for the three months ended June 30, 2019. Due to these conditions, it raises substantial doubt about its ability to continue as a going concern.

Upon election of the new Board, on March 16, 2017, the Company has undertaken a new business plan, principally providing a wide variety of human resource consulting services by facilitating identified, necessary change within an organization in order to enhance the success of the clients.

The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that may result should the Company be unable to continue as a going concern.









10





XINDA INTERNATIONAL CORP.
(FORMERLY KNOWN AS TRIMAX CONSULTING, INC.)
Notes to Financial Statements
(Unaudited)


Note 4. Related Party Transactions

The related parties consist of the following:

Eng Wah Kung, the Company’s Director and CEO; Xinda Human Resources Sdn Bhd, 50% owned by Eng Wah Kung and 50% owned by Teck Siong Lim.

Advances and loans from Related Parties




September 30, 2019


December 31, 2018








Eng Wah Kung

$



$


Total

$



$



The amounts due to related parties represent loans borrowed from related parties. They are unsecured, bear no interest and are repayable on demand. During the three months ended June 30, 2019, the Company repaid no loans to related parties.

Office Furnished by Related Party

The Company’s executive office is located 9190 W. Olympic Blvd, #324, Beverly Hills, CA 90212. This office is furnished to the Company by Xinda Human Resources Sdn Bhd at no charge.

Service Provided by Related Party

One accounting consultant, who is a friend of former CEO, provided non-compensated book keeping and financial reporting services to the Company from March 2017 through December 2019.








11




Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Overview and Outlook

Xinda International Corp. (formerly known as Trimax Consulting, Inc.) is a US listed Company, formed in the state of Nevada on May 19, 2014 focused on identifying property tax liens for sale and providing a valuation of the underlying properties to determine profit opportunities. The Company was principally engaged in business of marketing an array of property tax lien services including (a) identifying property tax lien auctions and property tax liens for sale; (b) providing valuation services with regards to real property subject to property tax liens; and (c) providing consultative and advisory services to property tax lien investors in regards to purchasing property tax liens, servicing property tax liens and adjudicating property tax liens.

Upon the installation of the new Board, the Company had decided to transition the business plan to provide end to end HR services including recruitment, executive search, campus recruitment, training and a complete range of HR outsourcing solutions to clients, with the ultimate aim in creating true value for businesses, through the essential core asset of clients. The business plan targets the modern corporate world, offering integrated consultancy services and strive towards providing total HR services and solutions to its clients with fresh thinking, innovative ideas and value add services. The Company’s business plan primary role is to provide a wide variety of Human Resource Consulting services in all vertical by facilitating identified, necessary change within an organization in order to enhance the success of the company. Our Management, Human Resource, and Training services are intended to improve productivity, efficiency, communication, and employee ethics.

We believe that whatever industry it may be, a full complete range of HR Consultant work is able to identify needs, develop an action plan, and assist with implementation, thus adding and retaining values to clients.

On May 8, 2017, the board of directors adopted an Amendment to its Articles of Incorporation changing the name of the Company to Xinda International Corp., and on June 9, 2017, the Financial Industry Regulatory Authority (“FINRA”) gave final approval for the name change and the ticker Symbol “XNDA”.

On May 17, 2018, the Company entered into a Purchase and Sale Agreement with Millrock Alaska LLC, an Alaska corporation (“Millrock”), pursuant to which the Company will acquire a 100% interest (subject to a royalty provision) in federal mining rights in the Lordsburg lithium project (the “Assets”). In consideration for acquisition of the Assets the Company has agreed to pay Millrock cash consideration of $50,000 as well as 19.9% of the Company’s issued and outstanding stock. The Company will execute and deliver to Millrock at closing a Royalty Deed pursuant to which the Company will pay Millrock a royalty of 3% of gross final sales (as defined in the Royalty Deed). The Company also will enter into and deliver to Millrock a Milestone Payment Agreement the parties have agreed to future share payments in the event that the Company makes exploration expenditures of US$5.0 million dollars on the claims or in a surrounding Area of Interest. Under this milestone the Company will issue to Millrock that number of Company shares of Common Stock that will result in Millrock owning 19.9% of the issued and outstanding shares of Company at that time. Further on September 30st of each calendar year, the Company will pay to Franklin Bain a finder’s fee equal to 2.5% of Exploration Expenditures incurred in the prior calendar year or $25,000, whichever is more. The requirement to pay the annual third milestone payment will end after $250,000 has been paid to Franklin Bain. The Purchase and Sale Agreement, the Royalty Deed and the Milestone Payment Agreement are attached hereto as exhibits and incorporated herein by reference.

Effective May 24, 2018 the Company completed delivery of the stock to Millrock by the delivery from Newfield Global Holdings Limited a total of 1,100,000 shares to Millrock. In addition, Newfield Global Holdings transferred 950,000 shares each to LWH Advisory Limited and LWH Consulting Sdn Bhd as part of the transaction. Subsequent to the acquisition, the Company intends to complete a 14 to 1 forward stock dividend of its stock.

As of August, 2018, the merger with Millrock was terminated because management did not comply with the agreement, as a result Mr Eng Wah KUNG was reinstated as the CEO of XNDA.




12




Results of Operation for the Three and Three Months Ended March 21, 2019 and 2018

Capital and Sources of Liquidity

General and administrative expenses

General and administrative expenses were $600 for the three months ended September 30, 2019, compared to $23,135 for the three months ended September 30, 2018 a decrease of $22,535.

General and administrative expenses were $1,800 for the nine months ended September 30, 2019, compared to $50,009 for the nine months ended September 30, 2018 a decrease of $48,209.

Net loss

Net loss for the three months ended September 30, 2019 was $600. For the three months ended September 30, 2018, the Company recorded net loss of $23,135.

For the nine months ended September 30, 2019, net loss was $1,800. Net loss for nine months ended September 30, 2018 was $50,009.

LIQUIDITY AND CAPITAL RESOURCES

We believe that our existing sources of liquidity will not be sufficient to fund our operations, anticipated capital expenditures, working capital and other financing requirements for at least the next twelve months.

The following table summarizes total assets, accumulated deficit, stockholders' deficit and working capital at June 30, 2019 and December 31, 2018.




September 30,


December 31,



2019


2018








Total Assets

$
1,017


$
1,017

Accumulated Deficit

$
(135,837
)

$
(134,037
)
Shareholders’ Equity (Deficit)

$
(107,758
)

$
(105,958
)
Working Capital (Deficit)

$
(107,758
)

$
(105,958
)

Net cash used in operating activities was $0 during the three months ended June 30, 2019, following the resulting no revenue being produced the three months ended June 30, 2018.

Satisfaction of Our Cash Obligations for the Next Twelve Months

Our plan for satisfying our cash requirements for the next twelve months is through generating revenue from provide end to end HR services including recruitment, executive search, campus recruitment, training and a complete range of HR outsourcing solutions.

Inflation

The rate of inflation has had little impact on the Company's results of operations and is not expected to have a significant impact on the continuing operations.

Off-Balance Sheet Arrangements

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

Critical Accounting Policies

We have identified the policies outlined below as critical to our business operations and an understanding of our results of operations. The list is not intended to be a comprehensive list of all of our accounting policies. In many cases, the accounting treatment of a particular transaction is specifically dictated by accounting principles generally accepted in the United States, with no need for management's judgment in their application. The impact and any associated risks related to these policies on our business operations is discussed throughout management's Discussion and Analysis or Plan of Operation where such policies affect our reported and expected financial results. Note that our preparation of the financial statements requires us to make estimates and assumptions that affect the reported amount of assets and liabilities, disclosure of contingent assets and liabilities at the date of our financial statements, and the reported amounts of revenue and expenses during the reporting period. There can be no assurance that actual results will not differ from those estimates.






13




Recently Issued Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position and result of operations.

Item 3. Quantitative and Qualitative Disclosure About Market Risk.

This item is not applicable as we are currently considered a smaller reporting company.

Item 4. Controls and Procedures.

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed by us in reports that we file or submit under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission (SEC) rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), as appropriate, to allow timely decisions regarding required disclosure.

Limitations on the Effectiveness of Disclosure Controls

In designing and evaluating the Company's disclosure controls and procedures, management recognized that disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the disclosure controls and procedures are met.

Additionally, in designing disclosure controls and procedures, Company management necessarily was required to apply its judgment in evaluating the cost- benefit relationship of possible disclosure controls and procedures. The design of any disclosure controls and procedures also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions

Evaluation of Disclosure Controls and Procedures

Our CEO and CFO, has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a- 15(e) under the Exchange Act) as of the end of the period covered by this report. Based on the evaluation, the CEO and CFO concluded that our disclosure controls and procedures are not effective in timely alerting them to material information relating to us that is required to be included in our periodic SEC filings and ensuring that information required to be disclosed by us in the reports we file or submit under the Act is accumulated and communicated to our management, including our Chief Financial Officer, or person performing similar functions, as appropriate to allow timely decisions regarding required disclosure, for the following reasons:


·
The Company does not have an independent board of directors or audit committee;

·
The Company is lack of segregation of duties and well-established procedures to authorize and approve related party transactions.

·
The Company does not have an independent body to oversee our internal controls over financial reporting.

We plan to rectify these weaknesses by implementing an independent board of directors.

Changes in Internal Control Over Financial Reporting

There have been no changes in our internal controls over financial reporting during the quarter ended June 30, 2019 that have materially affected or are reasonably likely to materially affect, such controls.






14




PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

We know of no material pending legal proceedings to which our company or subsidiary is a party or of which any of their property is the subject. In addition, we do not know of any such proceedings contemplated by any governmental authorities.

We know of no material proceedings in which any director, officer or affiliate of our company, or any registered or beneficial stockholder of our company, or any associate of any such director, officer, affiliate, or stockholder is a party adverse to our company or subsidiary or has a material interest adverse to our company or subsidiary.

Item 1A. Risk Factors.

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

None.

Item 5. Other Information.

None.






15




Item 6. Exhibits.





Incorporated by reference

Exhibit
Exhibit Description
Filed herewith
Period
Form
ending
Filing Exhibit
date







31.1
Certification by the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act





31.2
Certification by the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act





32.1
Certification by the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act





32.2
Certification by the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act





101.INS
XBRL Instance Document





101.SCH
XBRL Taxonomy Extension Schema Document





101.CAL
XBRL Taxonomy Extension Calculation Linkbase Document XBRL Taxonomy Extension





101.DEF
Definition Linkbase Document





101.LAB
XBRL Taxonomy Extension Label Linkbase Document





101.PRE
XBRL Taxonomy Extension Presentation Linkbase Document

















16




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.








Date: November 15, 2019
By:
/s/ Eng Wah KUNG



Eng Wah KUNG



Chief Executive Officer





Date: November 15, 2019
By:
/s/ Teck Siong LIM



Teck Siong LIM



Chief Financial Officer
👍️0

Your Recent History

Delayed Upgrade Clock