Quarterly report [Sections 13 or 15(d)]



STYLE="font: 10pt Times New Roman, Times, Serif">























UNITED
STATES






SECURITIES
AND EXCHANGE COMMISSION






Washington,
DC 20549










FORM
10-Q









QUARTERLY
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES




EXCHANGE
ACT OF 1934








For
the Quarter ended September 30, 2020








Commission
File Number: 333-209478









ALLYME
GROUP, INC.





(Exact
name of registrant as specified in its charter)



















Nevada






32-0446353



(State
of organization)






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








10250
Constellation Blvd., Suite 100, Los Angeles, CA 90067




(Address
of principal executive offices)








+1
(778) 888-2886




Registrant’s
telephone number, including area code








n/a




Former
address if changed since last report








Securities
registered under Section 12(b) of the Exchange Act:


None


























Title
of each Class








Ticker
Symbol








Name
of each exchange on which registered




Common
Stock, par value $0.001






WWIN






Pink
Sheets








Check
whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months
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 and 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 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 [X]








Emerging
Growth Company [  ]




Smaller
Reporting Company [X]








Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ] No
[X]








There
are 8,958,989 shares of common stock outstanding as of December 31, 2020.









































TABLE
OF CONTENTS



































































































PART I - FINANCIAL INFORMATION


















ITEM
1.






INTERIM FINANCIAL STATEMENTS





3




ITEM
2.






MANAGEMENT’S DISCUSSION OF OPERATIONS AND FINANCIAL CONDITION





14




ITEM
3.






QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK





17




ITEM
4.






CONTROLS AND PROCEDURES





17

















PART II - OTHER INFORMATION


















ITEM
1.






LEGAL PROCEEDINGS





17




ITEM
2.






UNREGISTERED SALES OF EQUITY SECURITIES





18




ITEM
3.






DEFAULTS UPON SENIOR SECURITIES





18




ITEM
4.






MINE SAFETY DISCLOSURES





18




ITEM
5.






OTHER INFORMATION





18




ITEM
6.






EXHIBITS





1

8













SIGNATURES





19














2

















PART
I



FINANCIAL INFORMATION












ITEM
1. INTERIM FINANCIAL STATEMENTS










ALLYME
GROUP, INC. AND SUBSIDIARIES






CONDENSED
CONSOLIDATED BALANCE SHEETS






(UNAUDITED)




























































































































































































































































































































































































































































































































September 30,
2020











December 31,
2019




























ASSETS






















































Current Assets



























Cash
and cash equivalents






$



283,265









$



418,229

































Prepaid expenses









1,131












6,458






Other receivable,
net









16,329












14,146






Loan receivable
from a related party









78,502












76,561

































Total
Current Assets









379,227












515,394

































Right-of-use Asset
- Non Current









56,935












-

































Total
Assets






$



436,162









$



515,394

































LIABILITIES AND
STOCKHOLDERS’ EQUITY






















































Current Liabilities



























Accounts payable
and accrued liabilities






$



12,511









$



10,963






Customer deposit









-












507,114






Other payable









37,666












54,106






Loan from an unrelated
party









2,946












2,873






Due to a related
party









85,108












92,152






Lease
liability









12,230












-






Total
Current Liabilities









150,461












667,208

































Lease Liability -
Non Current









5,641












-

































Total Liabilities









156,102












667,208

































Commitment
and Contingencies






$



-









$



-

































Stockholders’
Equity (Deficit)



























Common stock, par
value $0.001, 75,000,000 shares authorized 8,958,989 and 8,956,191 shares issued and outstanding at September 30, 2020 and
December 31, 2019, respectively









8,959












8,956






Additional paid
in capital









180,729












177,654






Accumulated deficit









(89,060



)









(282,575



)



Accumulated
other comprehensive loss









7,128












(2,609



)



Total AllyMe Group
Inc.’s Equity (Deficit)









107,756












(98,574



)






























Non-controlling
interest









172,304












(53,240



)



Total
stockholders’ equity (deficit)









280,060












(151,814



)






























Total
Liabilities and Stockholders’ Equity (Deficit)






$



436,162









$



515,394











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














3

















ALLYME
GROUP, INC. AND SUBSIDIARIES






CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS






(UNAUDITED)






















































































































































































































































































































































































































































































































































































































































































































































































For
the three months ended


September 30,









For
the nine months ended


September 30,












2020









2019









2020









2019













































Revenue






$



290,152









$



942









$



636,211









$



5,942






Cost of Revenues









120,825












-












145,855












-






Gross
Profit









169,327












942












490,356












5,942

























































Operating expenses



















































General and administrative









4,289












25,309












90,082












130,883






Operating expenses









4,289












25,309












90,082












130,883

























































Income
(loss) from operations









165,038












(24,367



)









400,274












(124,941



)






















































Other income (expense)



















































Other income









448












28












21,797












28



















































-






Interest income









566












13












845












52






Bank charges









(128



)









(97



)









(2,365



)









(433



)



Other
income (expense), net









886












(56



)









20,277












(353



)






















































Net
income (loss) before income taxes









165,924












(24,423



)









420,551












(125,294



)






















































Income
Tax Expense









-












-












-












-

























































Net
Income (loss)






$



165,924









$



(24,423



)






$



420,551









$



(125,294



)






















































Less: net income
(loss) attributable to non-controlling interest









86,323












(7,572



)









227,036












(21,169



)



Net
income (loss) attributable to Allyme Group, Inc.






$



79,601









$



(16,851



)






$



193,515









$



(104,125



)






















































Other comprehensive
income



















































Foreign currency
translation gain









12,565












61












8,245












667

























































Total
comprehensive income (loss)






$



178,489









$



(24,362



)






$



428,796









$



(124,627



)






















































Comprehensive income (loss) attributable
to non-controlling interest









83,958












(7,572



)









225,544












(21,169



)



Comprehensive
income (loss) attributable to Allyme Group, Inc.






$



94,531









$



(16,790



)






$



203,252









$



(103,458



)






















































Net
income (loss) per share - basic and diluted






$



0.01









$



(0.00



)






$



0.02









$



(0.01



)






















































Weighted average
shares- basic and diluted









8,958,989












8,946,962












8,957,498












8,945,646











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














4















ALLYME
GROUP, INC. AND SUBSIDIARIES






CONDENSED
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ DEFICIT






FOR
THE QUARTER ENDED SEPTEMBER 30, 2020 AND 2019






(UNAUDITED)



















































































































































































































































































































































Common
Stock










Additional




Paid-in










Accumulated









Subscription










Accumulated
Other




Comprehensive










Noncontrolling










Stockholders’
Deficit and




Non
Controlling













Shares









Amount









Capital









Deficit









Receivable









Income









Interest









Interest

















































































Balance June 30, 2020









8,958,989









$



8,959









$



180,729









$



(168,661



)






$



-









$



(7,802



)






$



88,346









$



101,571









































































































Net loss









-












-












-












165,924












-












-












-












165,924






Non-controlling interest









-












-












-












(86,323



)









-












2,365












83,958












-






Foreign currency
translation adjustment









-












-












-












-












-












12,565












-












12,565









































































































Balance September 30, 2020









8,958,989









$



8,959









$



180,729









$



(89,060



)






$



-









$



7,128









$



172,304









$



280,060
























































































































































































































































































































































































Common
Stock










Additional




Paid-in










Accumulated









Subscription










Accumulated
Other




Comprehensive










Noncontrolling










Stockholders’
Deficit and




Non Controlling













Shares









Amount









Capital









Deficit









Receivable









Income









Interest









Interest

















































































Balance June 30, 2019









8,945,060









$



8,945









$



160,678









$



(230,040



)






$



-









$



2,101









$



(30,276



)






$



(88,592



)






































































































Issue common stock for
cash









7,000












7












7,693












-












-












-












-












7,700






Net loss









-












-
























(24,423



)









-












-












-












(24,423



)



Non-controlling interest









-












-












-












7,572












-












-












(7,572



)









-






Foreign
currency translation adjustment









-












-












-
























-












61












-












61









































































































Balance September
30, 2019









8,952,060









$



8,952









$



168,371









$



(246,891



)






$



-









$



2,162









$



(37,848



)






$



(105,254



)








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














5















ALLYME
GROUP, INC. AND SUBSIDIARIES






CONDENSED
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ DEFICIT






FOR
THE THREE QUARTERS ENDED SEPTEMBER 30, 2020 AND 2019






(UNAUDITED)






















































































































































































































































































































































































Common
Stock










Additional




Paid-in










Accumulated









Subscription










Accumulated
Other




Comprehensive










Noncontrolling










Stockholders’
Deficit and




Non
Controlling













Shares









Amount









Capital









Deficit









Receivable









Income









Interest









Interest

















































































Balance December 31, 2019









8,956,191









$



8,956









$



177,654









$



(282,575



)






$



-









$



(2,609



)






$



(53,240



)








$



(151,814



)






































































































Issue common stock for
cash









2,798












3












3,075












-












-












-












-












3,078






Net loss









-












-












-












420,551












-












-












-












420,551






Non-controlling interest









-












-












-












(227,036



)









-












1,492












225,544












-0






Foreign
currency translation adjustment









-












-












-












-












-












8,245












-












8,245









































































































Balance September
30, 2020









8,958,989









$



8,959









$



180,729









$



(89,060



)






$



-









$



7,128









$



172,304









$



280,060



























































































































































































































































































































































































































Common
Stock










Additional




Paid-in










Accumulated









Subscription










Accumulated
Other




Comprehensive










Noncontrolling










Stockholders’
Deficit and




Non
Controlling













Shares









Amount









Capital









Deficit









Receivable









Income









Interest









Interest

















































































Balance December 31, 2018









8,944,060









$



8,944









$



154,865









$



(142,766



)






$



(2,000



)






$



1,495









$



(16,679



)








$



3,859









































































































Issue common stock for cash









8,000












8












13,506












-












-












-












-












13,514






Subscription receivable









-












-
























-












2,000












-












-












2,000






Net loss









-












-












-












(125,294



)









-












-












-












(125,294



)



Non-controlling interest









-












-












-












21,169












-
























(21,169



)









-






Foreign currency
translation adjustment









-












-












-












-












-












667












-












667









































































































Balance September
30, 2019









8,952,060









$



8,952









$



168,371









$



(246,891



)






$



-









$



2,162









$



(37,848



)






$



(105,254



)








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














6















ALLYME
GROUP, INC. AND SUBSIDIARIES






CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS






(UNAUDITED)























































































































































































































































































































































































































For
the nine months ended






September
30,














2020









2019






OPERATING ACTIVITIES



























Net
income(loss)






$



420,551









$



(125,294



)



Changes
in Operating Assets and Liabilities:



























Accounts payable
and accrued liabilities









1,529












10,735






Account receivable









-












(3,571



)



Prepaid expenses









5,313












14,207






Other receivable









(2,136



)









-






Right-of-use Asset









(56,669



)









-






Lease Liability









17,605












-






Other payable









(11,679



)









(6,530



)



Customer
Deposit









(507,114



)









-






Net
cash used in operating activities









(132,600



)









(110,453



)






























FINANCING ACTIVITIES



























(Payments to) proceeds
from related party loans









(7,044



)









43,394






Shares
issued for cash









-












15,514






Net
cash provided by (used in) financing activities









(7,044



)









58,908

































Effect
of exchange rate fluctuation on cash and cash equivalents









4,680












(138



)






























Net
decrease in cash









(134,964



)









(51,683



)






























Cash, beginning
of period









418,229












69,167

































Cash, end of
period






$



286,265









$



17,484

































SUPPLEMENTAL DISCLOSURES:






















































Cash paid during
the period for:



























Income
tax






$



-









$



-






Interest






$



-









$



-

































Supplimental non-cash
investing and financing activities



























Common
stock issued for proceeds received in prior period






$



3,078









$



-











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














7















ALLYME
GROUP, INC.






NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS






September
30, 2020






(Unaudited)










NOTE
1 - ORGANIZATION AND BUSINESS OPERATIONS










Organization
and Description of Business









AllyMe
Group Inc. (“AllyMe US”, the “Company”, “we” or “us”) was incorporated under the
laws of the State of Nevada on August 13, 2014 (“Inception”) and has adopted a December 31 fiscal year end. The Company
provides consulting services in China principally focused on the business, marketing, financial consultancy and business modeling
design and support.








The
outbreak of COVID19 coronavirus in China and in US starting from the beginning of 2020 has resulted reduction of working hours
for the Company. The Company followed the restrictive measures implemented in China, by suspending operation and having employees’
work remotely during February and March 2020. The Company gradually resumed operation and production starting in April 2020. Other
financial impact could occur though such potential impact is unknown at this time.









NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES









Interim
Financial Statements








The
accompanying unaudited condensed interim financial statements and related notes have been prepared in accordance with accounting
principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and
in accordance with the rules and regulations of the United States Securities and Exchange Commission with respect to Form 10-Q
and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for
complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal
recurring adjustments) that are, in the opinion of management, necessary for a fair statement of the results for the interim periods
presented. Interim results are not necessarily indicative of the results for the full year. These unaudited interim financial
statements should be read in conjunction with the audited financial statements of the Company for the year ended December 31,
2019.








Basis
of Presentation








The
financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United
States of America and are presented in US dollars. The Company’s year-end is December 31.








Basis
of consolidation








In
the opinion of management, the unaudited interim consolidated financial statements reflect all adjustments of a normal recurring
nature that are necessary for a fair presentation of the results for the interim periods presented. All significant intercompany
transactions and balances are eliminated in consolidation. However, the results of operations included in such financial statements
may not necessary be indicative of annual results.














8














The
Company uses the same accounting policies in preparing quarterly and annual financial statements. Certain information and footnote
disclosures normally included in the annual consolidated financial statements prepared in accordance with accounting principles
generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted. These unaudited consolidated
financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes
thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 filed with the Securities
and Exchange Commission (“SEC”) on June 18, 2020 “2019 Form 10-K.”








Use
of Estimates








The
preparation of financial statements in conformity with accounting principles generally accepted in the U.S. GAAP requires management
to make estimates and assumptions that affect the reported amounts of assets and liabilities and 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. Actual results could differ from those estimates.








Non-controlling
interests








Non-controlling
interests represents the individual shareholder’s proportionate share of 49% of equity interest in AllyMe and its 100% owned
subsidiary, China Info.








Cash








Cash
includes cash on hand and on deposit at banking institutions as well as all liquid short-term investments with original maturities
of 90 days or less. The Company’s cash held in bank accounts in the PRC amounted to $277,159 and $416,810 as of September
30, 2020 and December 31, 2019 respectively and is not protected by FDIC insurance or any other similar insurance. The Company’s
bank account in the United States amounted to $6,106 and $1,419 and is protected by FDIC insurance up to $250,000.








Revenue








The
Company adopted Accounting Standards Codification (“ASC”) 606. ASC 606, Revenue from Contracts with Customers, establishes
principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the
entity’s contracts to provide goods or services to customers. The core principle requires an entity to recognize revenue
to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled
to receive in exchange for those goods or services recognized as performance obligations are satisfied.








The
Company has assessed the impact of the guidance by performing the following five steps analysis:








Step
1: Identify the contract




Step
2: Identify the performance obligations




Step
3: Determine the transaction price




Step
4: Allocate the transaction price




Step
5: Recognize revenue














9














The
Company generated revenue from consulting services. The Company provides consulting services in China principally focused on the
business, marketing, financial consultancy and business modeling design and support. The Company primarily enters into arrangements
for these services under fixed-price contracts. Revenues under fixed-price contracts are recognized upon delivery of services.
The Company recognizes revenue when the Company has the right to invoice the customer using the allowable practical expedient
under ASC 606-10-55-18 since the right to invoice the customer corresponds with the performance obligations completed. Revenue
is recognized when obligations under the terms of a contract with the Company’s customers are satisfied. Satisfaction of
contract terms occurs when services are performed, and the customers assume risk of loss. The amount of consideration the Company
expects to receive consists of the sales price adjusted for any incentives if applicable. In applying judgment, the Company considered
customer expectations of performance, materiality and the core principles of ASC Topic 606. The Company’s performance obligations
are generally transferred to the customer at a point in time. The Company’s contracts with customers generally do not include
any variable consideration.








Recent
accounting pronouncements








The
Company continually assesses any new accounting pronouncements to determine their applicability to the Company. Where it is determined
that a new accounting pronouncement affects the Company’s financial reporting, the Company undertakes a study to determine
the consequence of the change to its financial statements and assures that there are proper controls in place to ascertain that
the Company’s financials properly reflect the change. The Company currently does not have any recent accounting pronouncements
that they are studying and feel may be applicable.









NOTE
3 – LOAN RECEIVABLE FROM A RELATED PARTY









Loan
receivable from a related party Shenzhen Fenglian Financial Services Co., Ltd (“Shenzhen Fenglian”) amounted to $78,502
and $76,561 as of September 30, 2020 and December 31, 2019, respectively. The Company’s major shareholder Zilin Wang is
also a major shareholder of Shenzhen Fenglian. In 2019, Shenzhen Fenglian signed three agreements with the Company. Shenzhen Fenglian
manages money transferred from the Company. The Company and Shenzhen Fenglian should share any interest income on a 50% and 50%
ratio. Loan receivable from a related party are interest free, without collateral, and due on demand.









NOTE
4 - CUSTOMER DEPOSIT









Customer
deposit amounted to $0 and $507,114 as of September 30, 2020 and December 31, 2019, respectively. Customer deposit represents
amount received from customers for services not rendered yet. The services have been provided as of September 30, 2020.









NOTE
5 – LOAN FROM AN UNRELATED PARTY









Loan
from an unrelated party amounted to $2,946 and $2,873 as of September 30, 2020 and December 31, 2019, respectively. Loan from
an unrelated party are interest free, without collateral, and due on demand.














10

















NOTE
6 - RELATED PARTY TRANSACTIONS









Due
to a related party








In
support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that
the Company can support its operations or attain adequate financing through sales of its equity or traditional debt financing.
There is no formal written commitment for continued support by shareholders. Amounts represent advances or amounts paid in satisfaction
of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.








As
of September 30, 2020 and December 31, 2019, the amounts outstanding were $85,108 and $92,152. The advances were non-interest
bearing, due upon demand and unsecured from Zilin Wang, a shareholder of the Company.









Lease
with a related party









The
Company has entered into a car operating leases agreement with Zilin Wang, a shareholder of the Company. The lease requires a
payment of $42,615 (RMB 298,000) on July 1, 2020 and requires monthly payment of $283 (RMB 1980) from July 1, 2020 to June 30,
2023. If lessee fails to pay insurance for the car, the monthly lease will be increased to $426 (RMB 2,980). The Company has option
to renew. The operating lease is listed as separate line item on the Company’s condensed consolidated financial statements
and represent the Company’s right to use the underlying asset for the lease term. The Company’s obligation to make
lease payments are also listed as a separate line item on the Company’s condensed consolidated financial statements.








Operating
lease right-of-use assets and liabilities commencing after July 1, 2020 are recognized at commencement date based on the present
value of lease payments over the lease term. For the nine months ended September 30, 2020, the Company recognized approximately
$4,401 in total lease costs.








Because
the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate to determine the
present value of the lease payments.








Information
related to the Company’s operating ROU assets and related lease liabilities are as follows:



















































Nine
Months Ended






September
30, 2020








Cash paid for operating
lease liabilities






$




43,465







Weighted-average remaining lease term









2.75






Weighted-average discount rate









5



%



Minimum future lease payments






$




8,719


















11














The
following table presents the amortization of the Company’s lease liabilities under ASC 842 for each of the following years
ending September 30:



















































2020






$




744







2021









3,071






2022









3,228






2023









1,676






2024 and thereafter
















Total






$



8,719












NOTE
7 - STOCKHOLDERS’ EQUITY (DEFICIT)









The
Company is authorized to issue 75,000,000 shares of common stock with a par value of $0.001 and 10,000,000 shares of preferred
stock with a par value of $0.001. There is no preferred stock issued and outstanding as of September 30, 2020.








In
January 2019, the Company received a deposit for 1,000 shares of common stock at $1.10 per share for total of $1,100 from 1 unrelated
party. These shares have been issued in 2019.








In
May 2019, the Company received a deposit for 2,798 shares of common stock at $1.10 per share for total of $3,078 from 2 unrelated
parties. These shares have been issued in May 2020.









NOTE
8 – REVENUE









The
Company entered into two service agreements with an unrelated party (“the client”). The Company provides the following
services: 1 assists the client selecting, purchasing and merging with an OTC shell company 2 assist the client opening bank account
in US 3 assist the client issuing new shares and registering with registered state and SEC 4 assist the client completing name
change 5 provide advice of applying to be listed on Nasdaq. All performance obligations were satisfied as above services were
rendered during the nine months ended September 30, 2020.









NOTE
9 – LEASE











The
Company has entered into a operating leases agreement with Shenzhen Haina Jiuzhou Industry Co., Ltd. The lease term of the office
space is from March 6, 2020 to March 6, 2021. The current monthly rent including monthly management fee is approximately $1,853
(RMB 12,582). The Company has option to renew. The operating lease is listed as separate line item on the Company’s condensed
consolidated financial statements and represent the Company’s right to use the underlying asset for the lease term. The
Company’s obligation to make lease payments are also listed as a separate line item on the Company’s condensed consolidated
financial statements.








Operating
lease right-of-use assets and liabilities commencing after March 6, 2020 are recognized at commencement date based on the present
value of lease payments over the lease term. For the nine months ended September 30, 2020, the Company recognized approximately
$12,595 in total lease costs.














12














Because
the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate to determine the
present value of the lease payments.








Information
related to the Company’s operating ROU assets and related lease liabilities are as follows:



















































Nine
Months Ended






September
30, 2020








Cash paid for operating
lease liabilities






$




12,595







Weighted-average remaining lease term









0.42






Weighted-average discount rate









5



%



Minimum future lease payments






$




9,152












The
following table presents the amortization of the Company’s lease liabilities under ASC 842 for each of the following years
ending September 30:



















































2020






$




5,468







2021









3,684






2022









-






2023









-






2024 and thereafter
















Total






$



9,152














NOTE
10 – SUBSEQUENT EVENTS









In
accordance with ASC 855-10, the Company has analyzed its operations subsequent to September 30, 2020 to the date these financial
statements were issued and has determined that it does not have any material subsequent events to disclose in these financial
statements.














13



















ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.










FORWARD
LOOKING STATEMENTS









Statements
made in this Form 10-Q that are not historical or current facts are “forward-looking statements” made pursuant to
the safe harbor provisions of Section 27A of the Securities Act of 1933 (the “Act”) and Section 21E of the Securities
Exchange Act of 1934. These statements often can be identified by the use of terms such as “may,” “will,”
“expect,” “believe,” “anticipate,” “estimate,” “approximate” or “continue,”
or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We
wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.
Any forward-looking statements represent management’s best judgment as to what may occur in the future. However, forward-looking
statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events
to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim
any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such
statement or to reflect the occurrence of anticipated or unanticipated events.









OVERVIEW









AllyMe
Group, Inc. was organized on August 13, 2014 as a Nevada corporation under Chapter 78 of the Nevada Revised Statutes. The Company’s
principal office is located at 10250 Constellation Blvd., Suite 100, Los Angeles, CA 90067. The Company has two subsidiaries,
AllyMe Groups, Inc., a Cayman Islands corporation (“AllyMe”) and China Info Technology Inc. (“China Info”).
The Company owns approximately 51% of the presently issued and outstanding shares of common stock of AllyMe and China Info is
a wholly-owned subsidiary in China.








The
Company qualifies as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act which became
law in April 2012. The definition of an “emerging growth company” is a company with an initial public offering of
common equity securities which occurred after December 8, 2011 and has less than $1 billion of total annual gross revenues during
last completed fiscal year.










Overview
of the Business










The
Company was formed as a US corporation to use as a vehicle for providing consulting services, primarily in China. In the second
half of 2018, AllyMe Group, Inc. (also referred to as “the Company”) commenced providing consulting services in China
principally focused on the development of new-high-tech products marketing and retail sales. As of the date of this report, it
has provided services to four (4) clients and has generated approximately $17,000 in revenues. The Company intends to seek additional
clients through direct marketing in China. The Company is currently in its early stages and there is no guarantee that it will
be successful at any time in the near future or ever.








The
Company seeks to provide management advisory services to business organizations worldwide. The Company intends to assist smaller
developing companies in the development of business models and strategies. The Company’s initial target markets are China
and the United States.








AllyMe
offers business consultancy, marketing consultancy, financial consultancy and business modeling support to its client organizations.
It also seeks to provide merger and acquisition consultancy.














14

















Results
of Operations











Three
Months Ended September 30, 2020 Compared to September 30, 2019










The
following table summarizes the results of our operations during the three months ended September 30, 2020 and 2019, respectively,
and provides information regarding the dollar and percentage increase or (decrease) from the current three-month period to the
prior three-month period:






































































































































Line
Item






9/30/20









9/30/19









Increase


(Decrease)









Percentage


Increase


(Decrease)













































Revenues






$



290,152









$



942









$



289,210












30,702



%



Cost of Revenues









120,825












-












120,825












100



%



Operating expenses









4,289












25,309












(21,020



)









(83



)%



Net profit (loss)









165,924












(24,423



)









190,347












779



%



Profit (Loss) per share of common stock









0.01












(0.00



)









0.01












inf.











We
recorded a net profit of $165,924 for the three months ended September 30, 2020 as compared with a net loss of $24,423 for the
three months ended September 30, 2019, due primarily to a substantial increase in revenues. The increase in revenues is mainly
due to the company’s consulting service income from providing listing consulting services to customers.










Nine
Months Ended September 30, 2020 Compared to September 30, 2019










The
following table summarizes the results of our operations during the nine months ended September 30, 2020 and 2019, respectively,
and provides information regarding the dollar and percentage increase or (decrease) from the current nine-month period to the
prior nine-month period:






































































































































Line
Item






9/30/20









9/30/19









Increase


(Decrease)









Percentage


Increase


(Decrease)













































Revenues






$



636,211









$



5,942









$



630,269












10,607



%



Cost of Revenues









145,855












-












145,855












100



%



Operating expenses









90,082












130,883












(40,801



)









(31



)%



Net profit (loss)









420,551












(125,294



)









545,845












435



%



Profit (Loss) per share of common stock









0.02












(0.01



)









0.03












300



%








We
recorded a net profit of $420,551 for the nine months ended September 30, 2020 as compared with a net loss of $125,294 for the
nine months ended September 30, 2019, due primarily to a substantial increase in revenues.

The increase
in

revenues

is

mainly

due to the company’s consulting
service income from providing listing consulting services to customers

.










Liquidity
and Capital Resources










As
of September 30, 2020, we had total assets of $436,162, working capital of $255,157 and an accumulated deficit of $89,060. Our
operating activities used $132,600 in cash for the nine months ended September 30, 2020, while our operations used $110,453 cash
in the nine months ended September 30, 2019. We had revenues of $636,211 in the nine months ended September 30, 2020 compared
to revenues of $5,942 in the prior year same period.








Management
believes that the Company’s cash on hand will be sufficient to fund all Company obligations and commitments for the next
twelve months. Historically, we have depended on loans from our principal shareholders and their affiliated companies to provide
us with working capital as required. There is no guarantee that such funding will be available when required and there can be
no assurance that our stockholders, or any of them, will continue making loans or advances to us in the future.














15














At
September 30, 2020, the Company had loans and advances from a related party shareholder in the aggregate amount of $88,054, which
represents amounts loaned or advanced to the Company to pay the Company’s expenses of operation. These advances are payable
on demand.










Coronavirus
Pandemic










The
outbreak of COVID-19 coronavirus in China starting from the beginning of 2020 has resulted reduction of working hours for the
Company. The Company followed the restrictive measures implemented in China by suspending operations until conditions permit the
re-starting of operations. The recent developments of COVID-19 are expected to result in reduced operations. Other financial impacts
could occur though such potential impact is unknown at this time.










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 or capital expenditures or capital
resources that is material to an investor in our securities.










Seasonality










Our
operating results are not affected by seasonality.










Inflation










Our
business and operating results are not affected in any material way by inflation.










Critical
Accounting Policies










Our
financial statements and accompanying notes have been prepared in accordance with GAAP. The preparation of these financial statements
requires management to make estimates, judgments, and assumptions that affect reported amounts of assets, liabilities, revenues
and expenses. We continually evaluate the accounting policies and estimates used to prepare the financial statements. The estimates
are based on historical experience and assumptions believed to be reasonable under current facts and circumstances. Actual amounts
and results could differ from these estimates made by management. Certain accounting policies that require significant management
estimates and are deemed critical to our results of operations or financial position. Our critical accounting estimates are more
fully discussed in Note 2 to our unaudited financial statements contained herein.














16



















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 information
required by this Item.











ITEM
4. CONTROLS AND PROCEDURES











Evaluation
of Disclosure Controls and Procedures










Under
the supervision and with the participation of our management, including our principal executive officer and principal financial
officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and
Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (Exchange Act), as of September 30, 2020. Based
on this evaluation, our principal executive officer and principal financial officer have concluded that our disclosure controls
and procedures are not effective to ensure that information required to be disclosed by us in the reports we file or submit under
the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange
Commission’s rules and forms and that our disclosure and controls are not designed to ensure that information required to
be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management,
including our principal executive officer and principal financial officer, or persons performing similar functions, as appropriate
to allow timely decisions regarding required disclosure.








The
matters involving internal controls and procedures that our management considered to be material weaknesses under the standards
of the Public Company Accounting Oversight Board were: (1) lack of a functioning audit committee, resulting in ineffective oversight
in the establishment and monitoring of required internal controls and procedures; (2) inadequate segregation of duties consistent
with control objectives; (3) ineffective controls over period end financial disclosure and reporting processes and (4) lack of
timely communications with vendors and proper accrual of expenses.








Management
believes that the material weaknesses set forth in items (2), (3) and (4) above did not have an effect on our financial results.
However, management believes that the lack of a functioning audit committee and the lack of a majority of outside directors on
our board of directors results in ineffective oversight in the establishment and monitoring of required internal controls and
procedures, which could result in a material misstatement in our financial statements in future periods.










Changes
in Internal Control Over Financial Reporting










There
were no changes (including corrective actions with regard to significant deficiencies or material weaknesses) in our internal
controls over financial reporting that occurred during the three months ended September 30, 2020 that has materially affected,
or is reasonably likely to materially affect, our internal control over financial reporting.











PART
II - OTHER INFORMATION












ITEM
1. LEGAL PROCEEDINGS









There
are no legal proceedings which are pending or have been threatened against us or any of our officers, directors or control persons
of which management is aware.









ITEM
1A. RISK FACTORS









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














17



















ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES









During
the quarter ended September 30, 2020, the Company issued 7,000 additional shares of common stock for a total price of $7,700.











ITEM
3. DEFAULTS UPON SENIOR SECURITIES









Not
applicable.











ITEM
4. MINE SAFETY DISCLOSURES









None.











ITEM
5. OTHER INFORMATION









None.











ITEM
6. EXHIBITS
















































































Exhibit
No.






Description












31.1







Certification of Principal Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.













31.2







Certification of Principal Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.













32.1







Certification of Principal Executive Officer and Principal Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.













101.INS






XBRL
Instance Document



101.SCH






XBRL
Taxonomy Extension Schema Document



101.CAL






XBRL
Taxonomy Extension Calculation Linkbase Document



101.DEF






XBRL
Taxonomy Extension definition Linkbase Document



101.LAB






XBRL
Taxonomy Extension Label Linkbase Document



101.PRE






XBRL
Taxonomy Extension Presentation Linkbase Document














18



















SIGNATURES









In
accordance with the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.




































ALLYME
GROUP, INC.










Date:
January 5, 2021



By




/s/
Zichang Wang










Zichang
Wang









Director,
CEO, CFO, President and Treasurer














19










The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Departure of Directors or Certain - Sept. 20, 2021

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