Business Development

Shentang International, Inc. ("we" or the "Company") was incorporated in the State of Nevada on June 29, 2007. We were an exploration stage company engaged in the exploration of mineral resource properties.

On July 22, 2009, the Company conducted a 1-to-10 stock split (the "Stock Split") of the issued and outstanding common stock, so the Company's issued and outstanding shares increased from 1,670,000 to 16,700,000 with par value of $0.001. Immediately after the Stock Split on July 22, 2009, the Company entered into a Share Exchange Agreement (the "Exchange Agreement") with Boom Spring, Inc. ("Boom Spring"), and the shareholders of Boom Spring. Pursuant to the terms of the Exchange Agreement, the shareholders of Boom Spring transferred to the Company all of the equity interest of Boom Spring in exchange for 12,000,000 outstanding shares of the Company and 33,300,000 newly issued shares of the Company (the "Share Exchange"). As a result of the Share Exchange, Boom Spring became a wholly owned subsidiary of the Company and the Company became a holding company with issued and outstanding common stock of 50,000,000 with par value of $0.001.

Pursuant to a board resolution dated October 21, 2009, the Company increased its authorized number of common stock from 50,000,000 to 190,000,000, and conducted a 2-for-5 reverse stock split (the "Reverse Stock Split") of the issued and outstanding common stock. After the Reverse Stock Split, the Company's issued and outstanding shares changed from 50,000,000 to 20,000,000 with par value of $0.001 effective on October 21, 2009. This reverse stock split also gave retroactive effect in the balance sheet as of December 31, 2008 and the computation of basic and diluted EPS is adjusted retroactively for all period presented accordingly.

The Company had exclusive use of the core technologies, including hollow/solid glass processing technology, pure manual glass rod processing technology, wire processing technology and painting processing technology. It developed "Yi Fan Feng Shun" liquor vessel with the brand of Wu Liang Ye. The Company was engaged in expanding in the international market. The Company also planned to build or acquire its own production capacity to meet the demand in the domestic Chinese market by purchasing or acquiring new equipment of machine-made glass producing. The objective of the Company was to become a large-scaled glass craftwork supplier and further develop its innovational technology.

On May 11, 2018, the eight judicial District Court of Nevada appointed Custodian Ventures, LLC as custodian for Shentang International Inc., proper notice having been given to the officers and directors of Shentang International, Inc. There was no opposition.

On May 16, 2018, the Company filed a certificate of revival with the state of Nevada, appointing David Lazar as, President, Secretary, Treasurer and Director.

On May 31, 2018, the Company issued 27,000,000 shares of common stock, with par value $0.001 for par value for services valued at $27,000, to the Company's Chief Executive Officer, David Lazar.

On July 2, 2018, the Company terminated its registration with the Securities and Exchange Commission.

On August 2, 2018, the Company filed a Form 10-12G, which went effective on October 1, 2018.

The Company's current business objective is to seek a business combination with an operating company. We intend to use the Company's limited personnel and financial resources in connection with such activities. The Company will utilize its capital stock, debt or a combination of capital stock and debt, in effecting a business combination. It may be expected that entering into a business combination will involve the issuance of restricted shares of capital stock. The issuance of additional shares of our capital stock:

? may significantly reduce the equity interest of our stockholders;

? will likely cause a change in control if a substantial number of our shares of

capital stock are issued, and most likely will also result in the resignation

or removal of our present officer and director; and

? may adversely affect the prevailing market price for our common stock.






                                       9

Similarly, if we issued debt securities, it could result in:

? default and foreclosure on our assets if our operating revenues after a

business combination were insufficient to pay our debt obligations;

? acceleration of our obligations to repay the indebtedness even if we have made

all principal and interest payments when due if the debt security contained

covenants that required the maintenance of certain financial ratios or reserves

and any such covenants were breached without a waiver or renegotiations of such

covenants;

? our immediate payment of all principal and accrued interest, if any, if the

debt security was payable on demand; and

? our inability to obtain additional financing, if necessary, if the debt

security contained covenants restricting our ability to obtain additional

financing while such security was outstanding.

Shentang International, Inc. has administrative offices located at 3445 Lawrence Ave., Oceanside, NY 11572. Mr. Lazar, our sole office and director, provides the office on a rent-free basis.

The Company's fiscal year end is December 31.

Critical accounting policies and estimates

Our condensed financial statements are prepared in accordance with GAAP. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. We continually evaluate our estimates and judgments, our commitments to strategic alliance partners and the timing of the achievement of collaboration milestones. We base our estimates and judgments on historical experience and other factors that we believe to be reasonable under the circumstances. All estimates, whether or not deemed critical, affect reported amounts of assets, liabilities, revenues and expenses, as well as disclosures of contingent assets and liabilities. These estimates and judgments are also based on historical experience and other factors that are believed to be reasonable under the circumstances. Materially different results can occur as circumstances change and additional information becomes known, even for estimates and judgments that are not deemed critical.





Going Concern

The accompanying financial statements have been prepared in conformity with GAAP, which contemplate continuation of the Company as a going concern. The Company has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These conditions raise substantial doubt as to our ability to continue as a going concern.





Results of Operations

For the three months ended March 31, 2020 compared to the three months ended March 31, 2019.





Revenue

For the three months ending March 31, 2020, the Company generated $0 in revenues. For the three months ended March 31, 2019, the Company generated $0 in revenues.





Expenses

For the three months ended March 31, 2020, we incurred operating expenses of $10,530. The increase is due to increased legal, audit, accounting and filing fees associated with the preparation of the quarterly financial statement.





Net Loss

For the three months ended March 31, 2020 we incurred a net loss of $10,530. The increase is due to increased legal, audit, accounting and filing fees associated with the preparation of the quarterly financial statement.

Liquidity and Capital Resources

As of March 31, 2020, the Company has no business operations and no cash resources other than that provided by Management. We are dependent upon interim funding provided by Management or an affiliated party to pay professional fees and expenses. Our Management and an affiliated party have agreed to provide funding as may be required to pay for accounting fees and other administrative expenses of the Company until the Company enters into a business combination. The Company would be unable to continue as a going concern without interim financing provided by Management. As of March 31, 2020 we had $0 in cash. As of March 31, 2019, we had $0 in cash.





                                       10

If we require additional financing, we cannot predict whether equity or debt financing will become available at terms acceptable to us, if at all. The Company depends upon services provided by Management and an affiliated party to fulfill its filing obligations under the Exchange Act. At present, the Company has no financial resources to pay for such services.

The Company does not currently engage in any business activities that provide cash flow. The costs of investigating and analyzing business combinations, maintaining the filing of Exchange Act reports, the investigation, analyzing, and consummation of an acquisition for an unlimited period of time will be paid from additional money contributed by David Lazar, our sole officer and director, or an affiliated party.

During the next 12 months we anticipate incurring costs related to:

? filing of Exchange Act reports.

? franchise fees, registered agent fees, legal fees and accounting fees, and

? investigating, analyzing and consummating an acquisition or business


   combination.

Weestimate that these costs will be in the range of five to six thousand dollars per year, and that we will be able to meet these costs as necessary, to be advanced/loaned to us by Management and/or an affiliated party.

On March 31, 2020 and March 31, 2019, we have had $0 in current assets and $0 in current assets, respectively. As of March 31, 2020, we had $93,569 in liabilities and stockholders' deficit, consisting of amounts due to related party and accrued expenses. As of March 31, 2018, we had $28,363 in liabilities.

We had a negative cash flow from operations of $14,130 during the three months ended March 31, 2020. We financed our negative cash flow from operations during the three months ended March 31, 2020 through advances made by David Lazar. We had $0 cash flow from operations during the three months ended March 31, 2019. The Company currently plans to satisfy its cash requirements for the next 12 months through borrowings from its CEO or companies affiliated with its CEO and believes it can satisfy its cash requirements so long as it is able to obtain financing from these affiliated parties. The Company expects that money borrowed will be used during the next 12 months to satisfy the Company's operating costs, professional fees and for general corporate purposes. There is no written funding agreement between the Company and Mr. Lazar, our sole officer and director.

The Company has only limited capital. Additional financing is necessary for the Company to continue as a going concern. Our independent auditors have unqualified audit opinion for the years ended December 31, 2019 and 2018 with an explanatory paragraph on going concern.

Off-Balance Sheet Arrangements

As of March 31, 2020 and 2019, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K promulgated under the Securities Act of 1934.

Contractual Obligations and Commitments

As of March 31, 2020 and 2019, we did not have any contractual obligations.





Critical Accounting Policies

Our significant accounting policies are described in the notes to our financial statements for the three months ended March 31, 2020 and 2019, and are included elsewhere in this registration statement.

© Edgar Online, source Glimpses