VANJIA CORP
This section of the prospectus includes forward-looking statements that reflect
our current views with respect to future events and financial performance.
Forward-looking statements are often identified by words like: believe, expect,
estimate, anticipate, intend, project and similar expressions, or words which,
by their nature, refer to future events. You should not place an undue certainty
on these forward-looking statements, which apply only as of the date of this
prospectus. These forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially from
historical results or our predictions.
PLAN OF OPERATION
Our plan of operations for the next twelve months is to proceed with the implementation of our business plan.
GOALS PROJECT OUTCOMES
Legal and Accounting Expenses Compliance with financial reporting and internal
controls
Website Design Creation of our corporate website
Civil Engineer or Surveyor's Fees Subdivision of lands
Architect drawings Complete a set of plans for building permits
Project Consultants Quality Control of construction project
Marketing and Promotion Marketing and public awareness activities
Working Capital Office supplies, telephone, postage and other
miscellaneous expenses
ACCOUNTING AND LEGAL EXPENSES- Our estimate these related expenses will range
from $6,500 for the next 12 months. We will be subject to the reporting
requirements of the Securities Exchange Act of 1934, as amended, or the Exchange
Act, and the Sarbanes-Oxley Act of 2002. The Exchange Act requires that we file
annual, quarterly and current reports with respect to our business and financial
condition. The Sarbanes-Oxley Act requires that we maintain effective disclosure
controls and procedures and internal controls for financial reporting.
CREATE OUR CORPORATE WEBSITE- It is part of our business plan to have our
website. A website can convey our corporate images and services to our potential
customers. We believe our estimated cost of $1,250 will be sufficient to cover
our projected expense for website design.
SURVEYOR'S FEES- We are required to obtain surveyors' services related to
subdivision of land. Our estimated cost for a surveyor' services will be $4,500 .
The Planning Commission for the City of Houston is responsible for the review
and approval of application for subdivision of land.
ARCHITECT DRAWINGS- We are required to obtain several sets of architect drawings
in connection with our proposed construction projects. We estimated the cost for
architect drawings will be $5,000 to$7,500 per year.
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PROJECT CONSULTANTS- Once we have obtained the necessary building permits from theCity of Houston , we will be ready to build our residential homes. We will require to hire project consultants to monitor the quality control of our construction projects. We intend to spent$6,300 to$12,600 annually for project consultants. MARKETING AND PROMOTION- After the effectiveness of this pending S-1 registration, we will be begin our marketing and promotion activities. Our staff will distribute our promotional fliers on foot, spending afternoons knocking on the doors of residences in targeted neighborhoods, as well as residences already in designated HOPE and Workforce areas. Speaking with potential buyers directly is the best way to inform and engage the communities. When speaking to residents, we will explain the Houston HOPE and Workforce programs, specifically mentioning how these programs can benefit them as future owners of our new homes and services. We will then outline in further detail the government assistance option available to them. The government can offer up to$30,000 for down payments and unlike renting, home ownership allows one to build up home equity. The following table shows the projection of our building activities for three years: 1st Year 2nd Year 3rd year milestone milestone milestone Number of residential homes 2- 3 3-5 homes 5-8 homes homes Location of new residential homes Houston,
Texas Texas Texas
Estimated cost for each milestone $160,000 $240,000 $380,000
LIQUIDITY AND CAPITAL RESOURCES
At December 31, 2019 , our total assets was $812,089 and our total liabilities
were $-0 - which resulted in working capital of $812,089 We expect to raise
additional capital through, among other things, the sale of equity or debt
securities, private placement offerings, employee stock options plans, and
advanced funds from our officer and director. Any deficiencies in general and
administrative expenses will be covered from funds by our director and officer.
Our officer and director, Tian Su Hua , has agreed to provide us a $1,000,000
line-of-credit at 0% interest per annum. The management believes that $1,000,000
line-of-credit agreement with our officer and director will be sufficient to
cover our operational expense for the next twelve months. The residential lot we
currently own is large enough to accommodate up to two duplexes. We believe that
our future expenditures will be covered by revenues generate from sell of new
homes, leasing activities, and additional offerings for equity or debt
securities, private placement offerings, employee options plans and funds from
our officer and director.
RESULTS OF OPERATIONS
From August 19, 2011 (Inception) to December 31,2019 , we hired attorney for the
preparation of this registration statement and our auditors to audit our
financial statements. We have prepared a business plan. Our accumulated loss
since August 19, 2011 (Inception) to December 31, 2019 was $(127,311) for
general and administrative expenses.
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OFF-BALANCE SHEET ARRANGEMENT The Company has no material transactions, arrangements, obligations or other relationships with entities or other persons that have or are reasonably likely to have a material current or future impact, changes in financial condition, results of operations, liquidity, capital expenditures, capital resources, or significant components of revenues or expenses.
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