U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

Mark One

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~June~~September 30, 2022

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to _______

Commission File No. 000-55260

MakingORG, Inc.

(Exact name of registrant as specified in its charter)

Nevada

6770

39-2079723

(State or Other Jurisdiction of

Incorporation or Organization)

(Primary Standard Industrial

Classification Number)

(IRS Employer

Identification Number)

385 S. Lemon Avenue #E 301

Walnut, CA 91789

(213) 805-5799

(Address and telephone number of principal executive offices)

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

None

Securities registered pursuant to Section 12(g) of the Exchange Act:

Common Stock, $0.001 par value

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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-K (§229.405 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 if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated ~~Filer~~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 checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes ☐ No ☒

Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years. N/A

Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court. Yes ☐ No ☒

Applicable Only to Corporate Registrants

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the most practicable date:

Class	Outstanding as of ~~August~~October 78, ~~2022~~2023
Common Stock: $0.001	35,540,000

PART 1	FINANCIAL INFORMATION
Item 1	Financial Statements (Unaudited)	3
	Consolidated Balance Sheets	3
	Balance Sheets	3
	Consolidated Statements of Operations	4
	Statements of Operations	4
	Consolidated Statements of Change in Stockholders’ Deficit	5
	Statements of Change in Stockholders’ Deficit	5
	Consolidated Statements of Cash Flows	6
	Statements of Cash Flows	6
	Notes to the Consolidated Financial Statements	7
	Notes to the Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	14
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	19
Item 4.	Controls and Procedures	19
PART II.	OTHER INFORMATION
Item 1	Legal Proceedings	20
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	20
Item 3	Defaults Upon Senior Securities	20
Item 4	Mine safety disclosures	20
Item 5	Other Information	20
Item 6	Exhibits	21
	Signatures	22

Table of Contents

PART I.

FINANCIAL INFORMATION

Item 1. Financial Statements.

MAKINGORG, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
	June 30,2022			December 31,2021
	(Unaudited)
ASSETS
Current Assets
Cash and cash equivalents	$	42,139		$	108,356
Advances to vendor and others		77,436			80,677
Right-of-use assets - operating leases		-			31,171
Total Current Assets		119,575			220,204
Total Assets	$	119,575		$	220,204
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities
Convertible note payable	$	200,000		$	200,000
Interest payable		140,000			128,000
Accrued liabilities		18,249			11,234
Lease liabilities - operating leases		-			31,171
Due to related party		387,918			386,418
Total Current Liabilities		746,167			756,823
TOTAL LIABILITIES	$	746,167		$	756,823
Stockholders’ Deficit
Preferred stock, par value $0.001; 50,000,000 shares authorized,
zero shares issued and outstanding		-			-
Common stock, par value $0.001; 150,000,000 shares authorized,
35,540,000 shares issued and outstanding as of
June 30, 2022 and December 31, 2021, respectively		35,540			35,540
Additional paid-in capital		583,882			583,882
Accumulated other comprehensive (loss) income		(839	)		6,266
Accumulated deficit		(1,245,175	)		(1,162,307	)
Total Stockholders’ Deficit		(626,592	)		(536,619	)
Total Liabilities and Stockholders’ Deficit	$	119,575		$	220,204

MAKINGORG, INC. AND SUBSIDIARIES

~~See~~CONDENSED ~~accompanying~~CONSOLIDATED ~~notes~~BALANCE ~~to unaudited condensed consolidated financial statements.~~SHEETS

3 Table of Contents

	September 30, 2022			December 31, 2021
	(Unaudited)
ASSETS
Current Assets
Cash and cash equivalents	$	28,583		$	108,356
Accounts receivable – related party		31,394			-
Advances to vendor and others		40,840			80,677
Right-of-use assets - operating leases, net		28,819			31,171
Total Current Assets		129,636			220,204

Total Assets	$	129,636		$	220,204

LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities
Convertible note payable	$	200,000		$	200,000
Interest payable		146,000			128,000
Accrued liabilities		10,525			11,234
Lease liabilities - operating leases		14,671			31,171
Due to related party		387,918			386,418
Total Current Liabilities		759,114			756,823

Lease liabilities – Operating leases, noncurrent		13,256			-

Total Liabilities	$	772,370		$	756,823

Commitment and Contingencies

Stockholders’ Deficit
Preferred stock, par value $0.001; 50,000,000 shares authorized, zero shares issued and outstanding		-			-
Common stock, par value $0.001;150,000,000 shares authorized, 35,540,000 shares issued and outstanding as of September 30, 2022 and December 31, 2021		35,540			35,540
Additional paid-in capital		583,882			583,882
Accumulated other comprehensive income		(6,879	)		6,266
Accumulated deficit		(1,255,277	)		(1,162,307	)
Total Stockholders’ Deficit		(642,734	)		(536,619	)

Total Liabilities and Stockholders’ Deficit	$	129,636		$	220,204

MAKINGORG, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
	For the three monthsended June 30,						For the six monthsended June 30,
	2022			2021			2022			2021
Net Sales-Related Party	$	-		$	59,439		$	-		$	71,844
Cost of Sales		-			39,626			-			47,191
Gross Profit		-			19,813			-			24,653
OPERATING EXPENSES
Selling, general and administrative		15,465			25,092			39,425			47,716
Professional fees		13,952			34,176			31,545			51,632
TOTAL OPERATING EXPENSES		29,417			59,268			70,970			99,348
LOSS FROM OPERATIONS		(29,417	)		(39,455	)		(70,970	)		(74,695	)
OTHER INCOME (EXPENSE)
Interest income		102			1			102			1
Interest expense		(6,000	)		(6,000	)		(12,000	)		(12,000	)
TOTAL OTHER EXPENSE, NET		(5,898	)		(5,999	)		(11,898	)		(11,999	)
LOSS BEFORE INCOME TAX		(35,315	)		(45,454	)		(82,868	)		(86,694	)
Income tax		-			800			-			800
NET LOSS	$	(35,315	)	$	(46,254	)	$	(82,868	)	$	(87,494	)
OTHER COMPREHENSIVE ITEM:
Foreign currency translation (loss) income		(7,406	)		721			(7,105	)		585
TOTAL COMPREHENSIVE LOSS	$	(42,721	)	$	(45,533	)	$	(89,973	)	$	(86,909	)
NET LOSS PER COMMON SHARE: BASIC AND DILUTED	$	(0.001	)	$	(0.001	)	$	(0.002	)	$	(0.002	)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING: BASIC AND DILUTED		35,540,000			35,540,000			35,540,000			35,540,000

See accompanying notes to unaudited condensed consolidated financial statements.

~~See~~3 ~~accompanying~~Table ~~notes~~of ~~to unaudited condensed consolidated financial statements.~~Contents

4MAKINGORG, ~~Table~~INC. ofAND ~~Contents~~SUBSIDIARIES

~~MAKINGORG,~~CONDENSED ~~INC. AND SUBSIDIARIES UNAUDITED~~ CONSOLIDATED STATEMENTS OF ~~STOCKHOLDERS’~~OPERATIONS ~~DEFICIT~~AND COMPREHENSIVE LOSS

											Accumulated
									Additional		Other						Total
	Preferred Stock				Common Stock				Paid-in		Comprehensive			Accumulated			Stockholders’
	Shares		Amount		Shares		Amount		Capital		Income			Deficit			Deficit
Balance, December 31, 2020		-	$	-		35,540,000	$	35,540	$	583,882	$	2,491		$	(1,161,693	)	$	(539,780	)
Foreign currency translation gain		-		-		-		-		-		585			-			585
Net loss		-		-		-		-		-		-			(87,494	)		(87,494	)
Balance, June 30, 2021 (Unaudited)		-	$	-		35,540,000	$	35,540	$	583,882	$	3,076		$	(1,249,187	)	$	(626,689	)
Balance, December 31, 2021		-	$	-		35,540,000	$	35,540	$	583,882	$	6,266		$	(1,162,307	)	$	(536,619	)
Foreign currency translation loss		-		-		-		-		-		(7,105	)		-			(7,105	)
Net loss		-		-		-		-		-		-			(82,868	)		(82,868	)
Balance, June 30, 2022 (Unaudited)		-	$	-		35,540,000	$	35,540	$	583,882	$	(839	)	$	(1,245,175	)	$	(626,592	)

(Unaudited)

See accompanying notes to unaudited condensed consolidated financial statements.

	For the three months ended September 30,						For the nine months ended September 30,
	2022			2021			2022			2021
Net Sales-Related Party	$	39,507		$	362,444		$	39,507		$	434,288
Cost of Sales		31,862			238,890			31,862			286,081
Gross Profit		7,645			123,554			7,645			148,207

OPERATING EXPENSES
Selling, general and administrative		11,583			29,222			51,008			76,938
Professional fees		300			20,556			31,845			72,188
TOTAL OPERATING EXPENSES		11,883			49,778			82,853			149,126

(LOSS) INCOME FROM OPERATIONS		(4,238	)		73,776			(75,208	)		(919	)

OTHER INCOME (EXPENSE)
Interest income		15			-			117			1
Interest expense		(6,000	)		(6,000	)		(18,000	)		(18,000	)
Other income		121			2,130			121			2,130
TOTAL OTHER EXPENSE		(5,864	)		(3,870	)		(17,762	)		(15,869	)

(LOSS) INCOME BEFORE INCOME TAX		(10,102	)		69,906			(92,970	)		(16,788	)

Income tax		-			688			-			1,488

NET (LOSS) INCOME	$	(10,102	)	$	69,218		$	(92,970	)	$	(18,276	)

OTHER COMPREHENSIVE ITEM:
Foreign currency translation (loss)gain		(6,040	)		708			(13,145	)		1,293

TOTAL COMPREHENSIVE (LOSS) INCOME	$	(16,142	)	$	69,926		$	(116,115	)	$	(16,983	)

NET LOSS (INCOME) PER COMMON SHARE: BASIC AND DILUTED	$	(0.000	)	$	0.002		$	(0.003	)	$	(0.002	)

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING: BASIC AND DILUTED		35,540,000			35,540,000			35,540,000			35,540,000

5See ~~Table~~accompanying ofnotes ~~Contents~~to unaudited condensed consolidated financial statements.

MAKINGORG, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED)
	For the six months ended June 30,
	2022			2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(82,868	)	$	(87,494	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of Right-of-use assets		-			33,003
Changes in assets and liabilities:
Accounts receivable – related party		-			16,078
Inventories		-			(19,271	)
Prepaid expenses and other current assets		(810	)		(15,302	)
Interest payable		12,000			12,000
Lease Liabilities		-			1,033
Accrued liabilities		7,202			(3,252	)
CASH FLOWS USED IN OPERATING ACTIVITIES		(64,476	)		(63,205	)
CASH FLOWS FROM FINANCING ACTIVITIES
Loan from related party		1,500			53,332
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES		1,500			53,332
EFFECT OF EXCHANGE RATE CHANGES ON CASH		(3,241	)		91
NET CHANGE IN CASH AND CASH EQUIVALENTS		(66,217	)		(9,782	)
Cash and cash equivalents, beginning of period		108,356			30,700
Cash and cash equivalents, end of period	$	42,139		$	20,918
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	$	-		$	-
Income taxes paid	$	-		$	800
NON-CASH TRANSACTION:
Due to related party for expenses paid on behalf of the Company	$	-		$	12,361

Table of Contents

~~See~~MAKINGORG, ~~accompanying~~INC. ~~notes~~AND ~~to unaudited condensed consolidated financial statements.~~SUBSIDIARIES

6CONSOLIDATED ~~Table~~STATEMENTS ofOF ~~Contents~~STOCKHOLDERS’ DEFICIT

~~MAKINGORG, INC. AND SUBSIDIARIES~~(Unaudited)

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

							Accumulated
					Additional		Other						Total
	Common Stock				Paid-in		Comprehensive			Accumulated			Stockholders’
	Shares		Amount		Capital		Income (loss)			Deficit			Deficit
Balance, December 31, 2020		35,540,000	$	35,540	$	583,882	$	2,491		$	(1,161,693	)	$	(539,780	)

Foreign currency translation loss		-		-		-		1,293			-			1,293

Net loss for the nine months ended September 30, 2021		-		-		-		-			(18,276	)		(18,276	)

Balance, September 30, 2021		35,540,000	$	35,540	$	583,882	$	3,784		$	(1,179,969	)	$	(556,763	)

Balance, December 31, 2021		35,540,000	$	35,540	$	583,882	$	6,266		$	(1,162,307	)	$	(536,619	)

Foreign currency translation income		-		-		-		(13,145	)		-			(13,145	)

Net loss for the nine months ended September 30, 2022		-		-		-		-			(92,970	)		(92,970	)

Balance, September 30, 2022		35,540,000	$	35,540	$	583,882	$	(6,879	)	$	(1,255,277	)	$	(642,734	)

~~(UNAUDITED)~~See accompanying notes to unaudited condensed consolidated financial statements.

~~NOTE~~5 1Table –of ~~ORGANIZATION AND NATURE OF BUSINESS~~Contents

~~MakingORG~~MAKINGORG, ~~Inc~~INC. ~~(“MakingORG”)~~AND was incorporated under the laws of the State of Nevada on August 10, 2012. The trading symbol is “CQCQ” and the fiscal year end is December 31. On October 20, 2016, MakingORG filed documents registering its intention to transact interstate business in the state of California. On November 29, 2016, MakingORG incorporated HK Feng Wang Group Limited (“HKFW”) under the laws of Hong Kong. On August 22, 2017, HKFW incorporated Chongqing Beauty Kenner Biotechnology Co., Ltd (“CBKB”) under the laws of the People’s Republic of China (“PRC”).SUBSIDIARIES

~~MaingORG,~~CONDENSED ~~Inc.~~CONSOLIDATED ~~and~~STATEMENTS ~~its~~OF ~~subsidiaries~~CASH (“the Company”) purchase Acer truncatum bunge seed oil from China, outsource to third party to manufacture Acer truncatum bunge related health products, and sell to end users and distributors in the United States and PRC.FLOWS

~~In January 2020, the World Health Organization declared an outbreak of the coronavirus~~ (~~“COVID-19”~~Unaudited) to be a Public Health Emergency of International Concern, subsequently declared COVID-19 a global pandemic, and recommended containment and mitigation measures worldwide on March 11, 2020. The Company had experienced some adverse impacts on its business in the PRC Segment, such as limited access to its staff in the PRC and restrictions on business travel within the PRC and between USA and PRC. The pandemic has created global economic uncertainties and led to negative impact on the financial markets. The extent of the COVID-19 impact to the Company will depend on numerous factors and developments related to COVID-19. Consequently, any potential impacts of COVID-19 remain highly uncertain and cannot be predicted with confidence.

NOTE 2 – GOING CONCERN

	For the nine months ended September 30,
	2022			2021

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(92,970	)	$	(18,276	)
Adjustments to reconcile net loss to net cash used in provided by operating activities:
Amortization of Right-of-use assets		(1,058	)		50,857
Changes in assets and liabilities:
Accounts receivable – related party		(33,850	)		43,200
Inventories		-			(86,805	)
Advances to vendor and others		33,907			(101,248	)
Interest payable		18,000			18,000
Lease Liabilities		96			(35,354	)
Accrued liabilities		(586	)		19,843
Customer deposit – related party		-			108,356
CASH FLOW USED IN IN OPERATING ACTIVITIES		(76,461	)		(1,427	)

CASH FLOWS FROM FINANCING ACTIVITIES
New loan from related party		1,500			53,332
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES		1,500			53,332

EFFECT OF EXCHANGE RATE CHANGES		(4,812	)		322

Net changes in cash and cash equivalents		(79,773	)		52,227
Cash and cash equivalents, beginning of periods		108,356			30,700
Cash and cash equivalents, end of periods	$	28,583		$	82,927

SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid	$	-		$	1,488

NON-CASH TRANSACTION:
Due to related party for expenses paid on behalf of the Company	$	-		$	12,367

~~Pursuant~~See to ASU 2014-15, the Company has assessed its ability to continue as a going concern for a period of one year from the date of the issuance of these consolidated financial statements. Substantial doubt about an entity’s ability to continue as a going concern exists when relevant conditions and events, considered in the aggregate, indicate that it is probable that the entity will be unable to meet its obligations as they become due within one year from the financial statement issuance date. The accompanying ~~consolidated~~notes financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern. The Company currently suffered recurring loss from operations, generated negative cash flow from operating activities and has an accumulated deficit and has not completed its efforts to ~~establish~~unaudited acondensed ~~stabilized source of revenues sufficient to cover operating costs over an extended period of time. These conditions raise substantial doubt as to its ability to continue as a going concern. These~~ consolidated financial statements do not include adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

~~The~~6 ~~Company~~Table ~~had a net loss~~ of $35,315 and $46,254 for the three months ended June 30, 2022 and 2021, respectively. In addition, the Company had an accumulated deficit of $1,245,175 and $1,162,307 as of June 30, 2022 and December 31, 2021, respectively. As of June 30, 2022, the Company has its current liabilities exceed its current assets resulting in negative working capital of $426,592. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent on its ability to raise additional capital. The Company’s consolidated financial statements do not include any adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.Contents

~~Management anticipates that the Company will be dependent~~MakingORG, ~~in the near future, on additional investment capital to fund operating expenses~~Inc. ~~The Company may seek additional funding through additional issuance of common stock~~ and~~/or~~ borrowings from financial institutions or the majority shareholder to support its normal business operations. In light of management’s efforts, there is no assurance that the Company will be successful in this or any of its endeavors or become financially viable to continue as a going concern.Subsidiaries

~~NOTE~~NOTES 3TO –UNAUDITED ~~SUMMARY~~CONDENSED OFCONSOLIDATED ~~SIGNIFICANT~~FINANCIAL ~~ACCOUNTING POLICIES~~STATEMENTS

~~Basis~~NOTE of1 ~~Presentation~~– ORGANIZATION AND NATURE OF BUSINESS

~~The~~MakingORG, ~~accompanying~~Inc. ~~unaudited~~(“MakingORG”) ~~interim~~was ~~financial~~incorporated ~~statements~~under of the ~~Company~~laws ~~have been prepared in accordance with accounting principles generally accepted in the United States~~ of ~~America and~~ the ~~rules~~State of ~~the~~Nevada ~~Securities~~on ~~and~~August ~~Exchange Commission~~10, ~~and~~2012. ~~should~~The betrading ~~read~~symbol inis ~~conjunction~~“CQCQ” ~~with the audited financial statements~~ and ~~notes thereto contained in~~ the ~~Company’s~~fiscal ~~most~~year ~~recent~~end ~~Annual~~is ~~Financial~~December ~~Statements filed with the SEC on Form 10-K~~31. InOn ~~the~~October ~~opinion of management~~20, ~~all adjustments~~2016, ~~consisting~~MakingORG offiled ~~normal~~documents ~~recurring~~registering ~~adjustments,~~its ~~necessary~~intention ~~for~~to atransact ~~fair~~interstate ~~presentation~~business ofin ~~financial position and~~ the ~~results~~state of ~~operations~~California. ~~for~~On ~~the~~November ~~interim~~29, ~~period~~2016, ~~presented~~MakingORG ~~have~~incorporated ~~been~~HK ~~reflected~~Feng ~~herein.~~Wang ~~The~~Group ~~results~~Limited of(“HKFW”) ~~operations~~under ~~for~~ the ~~interim~~laws ~~period are not necessarily indicative~~ of ~~the~~Hong ~~results to be expected for the full year~~Kong. ~~Notes~~On toAugust ~~the~~22, ~~financial~~2017, ~~statements~~HKFW ~~which~~incorporated ~~would~~Chongqing ~~substantially~~Beauty ~~duplicate~~Kenner ~~the~~Biotechnology ~~disclosures~~Co., ~~contained~~Ltd in(“CBKB”) ~~the~~under ~~audited financial statements for~~ the ~~most~~laws ~~recent~~of ~~fiscal period, as reported in~~ the ~~Form~~People’s ~~10-K,~~Republic ~~have~~of ~~been~~China ~~omitted~~(“PRC”).

7MaingORG, ~~Table~~Inc. ofand ~~Contents~~its subsidiaries (“the Company”) purchase Acer truncatum bunge seed oil from China, outsource to third party to manufacture Acer truncatum bunge related health products, and sell to end users and distributors in the United States and PRC.

~~Principles~~In January 2020, the World Health Organization declared an outbreak of ~~Consolidation~~the coronavirus (“COVID-19”) to be a Public Health Emergency of International Concern, subsequently declared COVID-19 a global pandemic, and recommended containment and mitigation measures worldwide on March 11, 2020. The Company had experienced some adverse impacts on its business in the PRC Segment, such as limited access to its staff in the PRC in the beginning of the outbreak and restrictions on business travel within the PRC and between USA and PRC. Even though the operations in the PRC segment fully resumed by the end of September 30, 2021, the pandemic has created global economic uncertainties and led to negative impact on the financial markets. The extent of the COVID-19 impact to the Company will depend on numerous factors and developments related to COVID-19. Consequently, any potential impacts of COVID-19 remain highly uncertain and cannot be predicted with confidence.

~~The~~NOTE ~~Company’s~~2 ~~unaudited~~– ~~consolidated~~GOING ~~financial statements include the accounts of MakingORG, and its wholly owned subsidiaries, HKFW and CBTB. All intercompany transactions and balances were eliminated in consolidation.~~CONCERN

~~Use~~Pursuant to ASU 2014-15, the Company has assessed its ability to continue as a going concern for a period of ~~Estimates~~one year from the date of the issuance of these consolidated financial statements. Substantial doubt about an entity’s ability to continue as a going concern exists when relevant conditions and events, considered in the aggregate, indicate that it is probable that the entity will be unable to meet its obligations as they become due within one year from the financial statement issuance date. The accompanying consolidated financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern. The Company currently suffered recurring loss from operations, generated negative cash flow from operating activities and has an accumulated deficit and 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 its ability to continue as a going concern. These consolidated financial statements do not include adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

The ~~preparation~~Company had net losses of ~~unaudited~~$92,970 ~~consolidated~~and ~~financial~~$18,276 ~~statements~~for inthe ~~conformity~~nine ~~with~~months ~~accounting~~ended ~~principles~~September ~~generally~~30, ~~accepted~~2022 inand ~~the~~2021, Urespectively.S. ~~requires~~In ~~management~~addition, tothe ~~make~~Company ~~estimates~~had ~~and~~accumulated ~~assumptions~~deficits ~~that~~of ~~affect~~$1,255,277 ~~the~~and ~~reported~~$1,162,307 ~~amounts~~as of ~~assets~~September 30, 2022 and ~~liabilities~~December 31, ~~disclosure~~2021, ofrespectively. ~~contingent~~These ~~assets~~factors ~~and~~raise ~~liabilities~~substantial atdoubt about the ~~date~~Company’s ofability ~~the~~to continue as a going concern. The Company’s ~~unaudited~~ability to continue as a going concern is dependent on its ability to raise additional capital. The Company’s consolidated financial ~~statement~~statements ~~date~~do ~~and~~not include any adjustments relating to the recoverability and classification of reported asset amounts ofor ~~revenue~~the amount and ~~expenses~~classification ~~during~~of liabilities that might be necessary should the ~~reporting~~Company ~~period.~~be ~~Actual~~unable ~~results~~to ~~could~~continue ~~differ~~as ~~from~~a ~~these~~going ~~estimates~~concern.

~~Revenue~~Management ~~Recognition~~anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company may seek additional funding through issuance of additional common stock and/or borrowings from financial institutions or the majority shareholder to support its normal business operations. In light of management’s efforts, there is no assurance that the Company will be successful in this or any of its endeavors or become financially viable to continue as a going concern.

~~The~~7 ~~Company~~Table adopted Topic 606, Revenue from Contracts with Customers, using the modified retrospective transition method on January 1, 2018. In general, the Company’s performance obligation is to transfer it products to its end user or distributor. Revenues from product sales are recognized when the customer obtains control of ~~the Company’s finished goods product, which occurs at a point in time, typically upon delivery to the customer.~~Contents

~~The~~NOTE ~~Company's~~3 ~~revenue~~– ~~mainly~~SUMMARY ~~generates~~OF ~~from~~SIGNIFICANT ~~sale~~ACCOUNTING of acer truncatum bunge related health products, such as Nervonic Acid Oil, coffee and tea. The Company evaluated its product sales contracts and determined that those contracts are generally capable of being distinct and accounted for as separate performance obligations. Performance obligation is satisfied when the finished goods product delivered to the customer.POLICIES

~~Shipping~~Basis ~~and handling costs paid by the Company are included in cost~~ of ~~sales~~Presentation

~~Recently~~The ~~Issued~~accompanying ~~Accounting~~unaudited ~~Pronouncement~~interim ~~Not~~financial ~~Yet~~statements ~~Adopted~~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, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Form 10-K, have been omitted.

OnPrinciples ~~August~~of 2020, the FASB issued ASU No. 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40). This standard amends the guidance on convertible instruments and the derivatives scope exception for contracts in an entity’s own equity and improves and amends the related earnings per share (“EPS”) guidance for both Subtopics. The ASU will be effective for annual reporting periods after December 15, 2023 and interim periods within those annual periods and early adoption is permitted in annual reporting periods ending after December 15, 2020. The Company does not expect this pronouncement to have a material impact on its condensed unaudited consolidated financial statements.Consolidation

~~In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU 2016-12).~~ The ~~new~~Company’s ~~standard~~unaudited ~~requires~~consolidated ~~that expected credit losses relating to~~ financial ~~assets~~statements ~~measured~~include ~~on an amortized cost basis and available-for-sale debt securities be recorded through an allowance for credit losses. It also limits~~ the ~~amount~~accounts of ~~credit~~MakingORG, ~~losses~~and toits bewholly ~~recognized~~owned ~~for~~subsidiaries, ~~available-for-sale~~HKFW ~~debt securities to the amount by which carrying value exceeds fair value~~ and ~~also requires the reversal of previously recognized credit losses if fair value increases~~CBTB. ~~The~~All ~~Company~~intercompany ~~expects~~transactions ~~to delay adoption until January 1, 2023~~ and isbalances ~~evaluating~~were ~~the~~eliminated ~~impact~~in ~~that the adoption of ASU 2016-13 will have on its condensed unaudited consolidated financial statements~~consolidation.

8Use ~~Table~~ of ~~Contents~~Estimates

~~Other~~The ~~accounting~~preparation ~~standards~~of ~~that~~unaudited ~~have~~consolidated ~~been~~financial ~~issued~~statements orin ~~proposed~~conformity bywith accounting principles generally accepted in the ~~FASB~~U.S. orrequires ~~other~~management ~~standards-setting~~to ~~bodies~~make estimates and assumptions that doaffect ~~not~~the ~~require~~reported ~~adoption~~amounts ~~until~~of aassets ~~future~~and ~~date~~liabilities, ~~are~~disclosure ~~not~~of ~~expected~~contingent toassets ~~have~~and aliabilities ~~material~~at ~~impact~~the ondate of the Company’s unaudited consolidated financial ~~statements~~statement ~~upon~~date ~~adoption~~and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates.

~~NOTE~~Cash 4and –Cash ~~ADVANCES TO VENDOR AND OTHERS~~Equivalents

~~Advances~~The toCompany ~~vendor~~considers ~~and~~all ~~others~~highly ~~include~~liquid ~~primarily~~investments ~~deposit~~with ~~for~~original ~~packaging~~maturities ~~materials. As~~ of ~~June~~three ~~30,~~months ~~2022~~or ~~and~~less ~~December 31, 2021, advances~~ to ~~supplier~~be ~~and~~cash ~~others were $77,436 and $80,677, respectively~~equivalents.

~~NOTE~~Revenue ~~5 – RELATED PARTY TRANSACTIONS~~Recognition

~~Due~~The Company adopted Topic 606, Revenue from Contracts with Customers, using the modified retrospective transition method on January 1, 2018. In general, the Company’s performance obligation is to ~~Related~~transfer ~~Party~~it products to its end user or distributor. Revenues from product sales are recognized when the customer obtains control of the Company’s finished goods product, which occurs at a point in time, typically upon delivery to the customer.

~~For~~The ~~the~~Company’s ~~six~~revenue ~~months~~mainly ~~ended~~generates ~~June~~from ~~30,~~the ~~2022~~sale ~~and~~of ~~2021,~~acer ~~the~~truncatum ~~Company’s~~bunge ~~sole~~related ~~officer~~health ~~loaned~~products, ~~the~~such ~~Company~~as ~~$1,500~~Nervonic ~~and~~Acid ~~$53~~Oil,~~332,~~ ~~respectively~~coffee and tea. AsThe ofCompany ~~June~~evaluated ~~30,~~its ~~2022~~product sales contracts and ~~December~~determined ~~31,~~that ~~2021,~~those ~~the~~contracts ~~Company~~are ~~was~~generally ~~obligated~~capable toof ~~the~~being ~~officer,~~distinct and accounted for anas ~~unsecured,~~separate ~~non-interest-bearing~~performance ~~demand~~obligations. ~~loan~~Performance ~~with~~obligation ais ~~balance~~satisfied ofwhen ~~$387,918~~the ~~and~~finished ~~$386,418,~~goods ~~respectively~~product delivered to the customer.

~~Sales~~Shipping ~~to Related Party For the six months ended June 30, 2022~~ and ~~2021,~~handling ~~the~~costs net sales to Entity A were $0 and $71,844, accounted for 100% of the sales the Company generated, respectively. No accounts receivable due from Entity A as of June 30, 2022 and December 31, 2021. Lease Agreement On June 1, 2020, the Company entered into a lease agreement with Entity A in Chongqing, China for the period from June 1, 2020 to May 31, 2021. Pursuant to the lease agreement, the Company pays a monthly rent of RMB40,000 (approximately $5,800) paid quarterly before the start of each quarter. The lease is for a one-year term and the Company has the priority to renew the lease. The Company tended to keep leasing the property after the lease term ends at the lease start date. Therefore, based on the lease agreement, the Company did the recognition of right-of-use (“ROU”) assets and lease liabilities on the balance sheet. Refer to Note 8 – Lease for details. On March 1, 2022, the Company entered into a lease agreement with Entity A for the period from March 1, 2022 to February 28, 2023. Pursuant to the lease agreement, monthly rent is lowered to RMB20,000 (approximately $3,200), payable by the ~~5th of each month with the first two-month rent free. The lease is for a one-year term and the~~ Company ~~has~~are ~~the~~included ~~right~~in ~~of first refusal to renew~~ the ~~lease.~~cost ~~The Company did recognize right-~~of~~-use~~ ~~assets and lease liabilities on the balance sheet~~sales.

~~NOTE~~Recently 6Issued –Accounting ~~CONVERTIBLE~~Pronouncement ~~NOTE~~Not ~~PAYABLE~~Yet Adopted

OnIn ~~September~~October 12021, ~~2016~~the FASB issued ASU 2021-08, ~~the~~“Business ~~Company~~Combinations ~~entered~~(Topic ~~into~~805): aAccounting ~~Convertible~~for ~~Note~~Contract ~~Agreement~~Assets inand ~~the~~Contract ~~principal~~Liabilities ~~amount~~from ofContracts ~~$200,000~~ with anCustomers,” ~~unrelated~~which ~~party~~requires ~~for~~contract ~~two~~assets ~~years.~~and ~~The~~contract ~~note~~liabilities ~~bears~~acquired ~~interest~~in ~~at 12%~~a ~~per~~business ~~annum~~combination to be recognized and measured by the ~~holder~~acquirer ison ~~able~~the toacquisition ~~convert~~date ~~all~~in ~~unpaid~~accordance ~~interest~~with ~~and~~ASC ~~principal~~606, ~~into~~“Revenue ~~common~~from ~~shares~~Contracts atwith ~~$3.50 per~~Customers,” ~~share~~as if the acquirer had originated the contracts. ~~The~~ASU ~~interest~~2021-08 ~~expense~~is ~~was~~effective ~~due~~for ~~every~~fiscal ~~six~~years ~~months~~and ~~commencing~~interim onreporting ~~March~~periods 1within those fiscal years beginning after December 15, ~~2017~~2022. ~~until~~The Company is currently evaluating the ~~principal~~effect, ~~amount~~if any, the adoption of this ~~convertible~~guidance ~~note~~will ishave ~~paid~~on inour ~~full~~financial condition, results of operations, cash flows and disclosures.

On8 ~~September~~Table ~~1, 2018 and 2019, the Company entered into two Amended and Restated 12% Convertible Promissory Note for one year with no consideration. The Company recognized a discount on the note~~ of $40,000 and $54,000 at the amended agreement dates, respectively. Since the conversion feature of conventional convertible debt provides for a rate of conversion that is below market value, this feature is characterized as a beneficial conversion feature (“BCF”). A BCF is recorded by the Company as a debt discount pursuant to ASC Topic 470-20 “Debt with Conversion and Other Options.” In those circumstances, the convertible debt is recorded net of the discount related to the BCF and the Company amortizes the discount to interest expense over the life of the debt using the effective interest method.Contents

9The ~~Table~~FASB issued ASU 2020-06 (“Update”) to simplify the accounting for convertible instruments by eliminating large sections of ~~Contents~~the existing guidance in this area. It also eliminates several triggers for derivative accounting, including a requirement to settle certain contracts by delivering registered shares. These changes are intended to make GAAP easier to apply and, therefore, reduce the frequency of errors in this part of the literature. Early adoption is permitted for fiscal years beginning after December 15, 2020. For SEC filers, excluding smaller reporting companies, this Update is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, this Update is effective for fiscal years beginning after December 15, 2023, including interim periods therein. The Company is evaluating the impact of this guidance on its consolidated financial statements.

OnIn ~~September~~June 12016, ~~2020~~the FASB issued ASU 2016-13, “Financial Instruments—Credit Losses”. The standard, including subsequently issued amendments (ASU 2018-19, ASU 2019-04, ASU 2019-05, ASU 2019-10 and ASU 2019-11), requires a financial asset measured at amortized cost basis, such as accounts receivable and certain other financial assets, to be presented at the ~~convertible~~net ~~note~~amount ~~agreement~~expected ~~was~~to ~~extended~~be collected based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. In November 2019, the FASB issued ASU No. 2019-10 to ~~September~~postpone 1the effective date of ASU No. 2016-13 for public business entities eligible to be smaller reporting companies defined by the SEC to fiscal years beginning after December 15, 2022, ~~with~~including nointerim ~~additional~~periods ~~consideration~~within ~~and~~those nofiscal ~~discount~~years. onThe Company is evaluating the ~~note~~impact of this guidance on its consolidated financial statements.

~~The~~Other ~~Company~~accounting ~~recognized~~standards ~~interest~~that ~~expense~~have ~~related~~been toissued ~~the~~or ~~convertible~~proposed ~~note~~by ofthe ~~$12,000 and~~FASB ~~$12,000 for~~or ~~the~~other ~~six~~standards-setting ~~months~~bodies ~~ended~~that ~~June~~do ~~30,~~not ~~2022~~require ~~and~~adoption ~~2021,~~until ~~respectively.~~a Asfuture ofdate ~~June~~are ~~30,~~not ~~2022~~expected ~~and~~to ~~December~~have ~~31,~~a ~~2021,~~material ~~net~~impact ~~balance~~on of the ~~convertible~~Company’s ~~note~~financial ~~amounted~~statements toupon ~~$200,000 and $200,000, respectively~~adoption.

NOTE 7 4 – ~~LEASE~~ADVANCES TO VENDOR AND OTHERS

~~The~~Advances ~~Company~~to ~~entered~~vendor anand ~~operating~~others ~~lease~~includes ~~for~~primarily ~~its~~deposit ~~China~~for ~~office~~packaging ~~with~~materials. ~~Entity~~As ~~A with monthly rent~~ of ~~RMB40,000~~September ~~(approximately $5~~30,~~800).~~ ~~The~~2022 ~~lease is for one year~~ and ~~the~~December ~~Company~~31, ~~has~~2021, ~~the~~advances ~~priority~~ to ~~renew~~vendor ~~it.~~and ~~The~~others ~~Company~~were ~~intended~~$40,840 ~~to renew the lease. Leases is classified as operating at the inception of the lease~~ and ~~ROU~~$80,677, ~~assets and operating lease liabilities are recognized based on the present value of lease payments over the lease terms of the commencement date with 5~~respectively.~~25% incremental borrowing rate used. The lease does not contain any residual value guarantees or material restrictive covenants.~~

OnNOTE ~~March~~5 1,– ~~2022,~~RELATED ~~the~~PARTY Company entered into a new lease agreement with Entity A for the one-year term from March 1, 2022 to February 28, 2023. No ROU assets and operating lease liabilities were recognized for the lease since the lease has only one-year term. TRANSACTIONS

~~The~~Loan ~~components~~from ofRelated ~~lease expense consist of the following:~~Party

		Six Month Ended June 30,
	Classification	2022		2021
Operating lease cost	S, G&A expense	$	21,512	$	35,316
Net lease cost		$	21,512	$	35,316

For the nine months ended September 30, 2022 and 2021, the Company borrowed from the sole officer in the amounts of $1,500 and $53,332, respectively. As of September 30, 2022 and December 31, 2021, the Company obligated the officer, for an unsecured, non-interest-bearing demand loan with a balance of $387,918 and $386,418, respectively.

11Sales ~~Table~~to ofRelated ~~Contents~~Party

~~Balance~~For ~~sheet~~the ~~information~~nine ~~related~~months ended September 30, 2022 and 2021, net sales to ~~leases~~Entity ~~consists~~A were $39,507 and $434,288, accounted for 100% of the ~~following:~~sales the Company generated for the periods, respectively. The accounts receivable as of September 30, 2022 and December 31, 2021 were $31,394 and $nil, which accounted for 100% of the accounts receivable of the Company, respectively.

Assets	Classification	June 30, 2022			December 31, 2021
Operating lease ROU assets	Right-of-use assets	$	-		$	31,171
Total leased assets		$	-		$	31,171
Liabilities
Current portion
Operating lease liabilities	Current maturities of operating lease liabilities	$	-		$	31,171
Total lease liabilities		$	-		$	31,171
Weighted average remaining lease term
Operating leases			-			0.42
Weighted average discount rate
Operating leases			-	%		5.25	%

Lease Agreement

~~Cash~~On ~~flow~~June ~~information~~1, ~~related~~2020, the Company entered into a lease agreement with Entity A in Chongqing, China for the period from June 1, 2020 to ~~leases~~May ~~consists~~31, 2021. Pursuant to the lease agreement, the Company pays a monthly rent of RMB40,000 (approximately $5,800) paid quarterly before the ~~following:~~start of each quarter. The lease is for a one-year term and the Company has priority to renew the lease. The Company tends to keep leasing the property after the lease term ends. Therefore, based on the lease agreement, we did the recognition of right-of-use (“ROU”) assets and lease liabilities on the balance sheet.

	Six Month Ended June 30,
	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	18,527	$	-
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		-		34,961

Table of Contents

~~Future~~On ~~minimum~~March 1, 2022, the Company entered into a new lease ~~payment~~agreement ~~under~~with ~~non~~Entity A for the same office location for the period from March 1, 2022 to February 28, 2023. Pursuant to the lease agreement, monthly rent is lowered to RMB20,000 (approximately $3,200), payable by the 5th of each month with the first two-~~cancellable~~month rent free. The lease asis for a one-year term and the Company has the right of ~~June~~first ~~30,~~refusal ~~2022~~to ~~are~~renew asthe ~~follows:~~lease. The Company tends to keep leasing the property after the lease term ends. The Company recognized right-of-use assets and lease liabilities on the balance sheet since the lease term started. Refer to Note 8 – Lease for details.

	OperatingLeases
Remaining months in 2022	$	17,912
2023		5,971
Total lease payments	$	23,883

NOTE 6 – BUSINES CONCENTRATION AND RISKS

12Concentration ~~Table~~ of ~~Contents~~Risk

~~NOTE 8~~The –Company ~~INCOME~~maintains ~~TAXES~~cash with banks in the USA, People’s Republic of China (“PRC” or “China”), and Hong Kong. Should any bank holding cash become insolvent, or if the Company is otherwise unable to withdraw funds, the Company would lose the cash with that bank; however, the Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts. In China, a depositor has up to RMB500,000 insured by the People’s Bank of China Financial Stability Bureau (“FSD”). In Hong Kong, a depositor has up to HKD500,000 insured by Hong Kong Deposit Protection Board (“DPB”). In the United States, the standard insurance amount is $250,000 per depositor in a bank insured by the Federal Deposit Insurance Corporation (“FDIC”).

~~The~~Financial ~~Company~~instruments ~~accounts~~that ~~for~~potentially ~~income~~subject ~~taxes~~the ~~under~~Company ~~ASC~~to ~~740,~~significant ~~“Income~~concentrations ~~Taxes”.~~of ~~ASC~~credit ~~740~~risk ~~requires~~consist ~~the~~principally ~~use~~ of ancash ~~asset~~ and ~~liability~~cash ~~approach~~equivalents. inAs ~~accounting~~of ~~for~~September ~~income~~30, ~~taxes.~~2022 ~~Deferred tax assets~~ and ~~liabilities~~December ~~are~~31, ~~recorded~~2021, ~~based~~$28,583 ~~on the differences between the financial statement~~ and ~~tax~~$108,356 ~~basis~~ of ~~assets~~the ~~and~~Company’s ~~liabilities~~cash and ~~the~~cash ~~tax rates in effect when these differences are expected to reverse. It also requires the reduction of deferred tax assets by a valuation allowance if~~equivalents, ~~based~~were onall ~~the weight of available evidence~~insured, ~~it is more likely than not that some or all deferred tax assets will not be realized~~respectively.

~~The~~With ~~Company~~respect ~~is subject~~ to ~~taxation~~accounts inreceivable, the ~~United~~Company ~~States~~generally ~~and~~does ~~certain~~not ~~state~~require ~~jurisdictions.~~collateral ~~The~~and ~~provision~~does ~~for~~not ~~income~~have ~~taxes~~an ~~differs~~allowance ~~from the amounts which would be provided by applying the statutory federal income tax rate of 21% to the net loss before provision~~ for ~~income~~doubtful ~~taxes~~accounts. ~~HKFW~~No inuncollectible ~~Hong~~accounts ~~Kong~~receivable ~~are governed by the Inland Revenue Ordinance Tax Law of Hong Kong, and are generally subject to a profits tax at the rate of 16.5% on the estimated assessable profits. CBNB~~ in the ~~PRC~~past is governed by the Income Tax Law of the PRC concerning the private enterprises, which are generally subject to tax at 25% on income reported in the statutory financial statements after appropriated adjustmentsyears. ~~PRC also give tax discount to small enterprise whose annual taxable income exceeding 1 million but not exceeding 3 million.~~

~~The~~Major ~~Company’s income tax expense is mainly contributed by its subsidiary in PRC.~~ customer

InFor ~~addition,~~ the ~~2017~~nine ~~Tax~~months ~~Act~~ended ~~also~~September ~~creates~~30, a2022 ~~new~~and ~~requirement that certain income (i.e.~~2021, total ~~Global~~sales ~~Intangible~~to ~~Low-Taxed~~Entity ~~Income~~A ~~(“GILTI”))~~– ~~earned by controlled foreign corporations (“CFCs”) must be included currently in~~ the ~~gross~~100% ~~income~~customer, ofwere ~~the~~$39,507 ~~CFCs’~~and ~~U.S. shareholder income. GILTI is the excess of the shareholder’s net CFC tested income over the net deemed tangible income return~~$434,288, ~~which~~accounted isfor ~~currently defined as the excess of (1) 10 percent of the aggregate of the U~~100.S.0% ~~shareholder’s pro rata share~~ of the ~~qualified~~sales ~~business asset investment of each CFC with respect to which it is a U.S. shareholder over (2)~~ the ~~amount~~Company ofrecognized, ~~certain interest expense taken into account in the determination of net CFC-tested income~~respectively. ~~The~~Accounts ~~Company~~receivable ~~has~~due ~~elected~~from toEntity ~~recognize~~A ~~the~~were ~~tax~~$31,394 onand ~~GILTI~~$nil as aof ~~period~~September ~~expense in the period the tax is incurred. For the three and six months ended June~~ 30, 2022 and December 31, 2021, nowhich ~~GILTI~~accounted ~~tax~~for ~~obligation~~100.0% ~~existed~~of ~~and~~ the ~~GILTI~~accounts ~~tax~~receivable ~~expense~~of ~~was~~the ~~$0.~~Company, respectively.

~~There~~Major ~~was no income tax provision for the three months ended June 30, 2022 and 2021.~~vendors

~~Net~~For ~~deferred~~the ~~tax~~nine ~~assets~~months ~~consist~~ended ofSeptember 30, 2022 and 2021, the ~~following~~Company ~~components~~purchased as$31,862 and $268,772, respectively from its vendor. It accounted for 100.0% and 80.1% of: total purchase of the Company for the nine months ended September 30 2022 and 2021, respectively.

	June 30,2022			December 31,2021
Deferred tax asset:
Net operating loss carry forwards	$	202,673		$	182,688
Valuation allowance		(202,673	)		(182,688	)
Net deferred tax asset	$	-		$	-

NOTE 7 – CONVERTIBLE NOTE PAYABLE

~~Due~~On toSeptember ~~the~~1, ~~change~~2016, inthe ~~ownership~~Company ~~provisions~~entered ofinto ~~the~~a ~~Income~~convertible ~~Tax~~note ~~laws~~agreement ofwith ~~United~~the ~~States~~principal amount of ~~America~~$200,000 ~~net~~with ~~operating~~an ~~loss~~unrelated ~~carry~~party. ~~forwards~~The note bears an interest of ~~approximately~~12% ~~$540,000,~~per ~~will~~annum ~~carry~~and ~~indefinitely~~the ~~for~~holder ~~federal~~is ~~income~~able ~~tax~~to ~~reporting~~convert ~~purposes~~all ~~are~~unpaid ~~subject~~interest toand ~~annual~~principal ~~limitations~~into common shares at $3.50 ~~When~~per ashare ~~change~~at inthe ~~ownership~~maturity ~~occurs~~date. The note matures on September 1, ~~net~~2018. ~~operating~~The ~~loss~~Company ~~carry~~recognized ~~forwards~~a ~~may~~discount beon ~~limited~~the asnote toof ~~use~~$38,857 inon ~~future~~the ~~years~~agreement date. ~~Tax~~The ~~filings~~interest ~~for~~expense ~~the~~was ~~Company~~due ~~for~~every ~~the~~six ~~years~~months ~~after~~commencing on March 1, 2017 ~~are~~until ~~available~~the ~~for~~principal ~~examination~~amount byof ~~state~~this ~~tax~~convertible ~~jurisdictions~~note ~~and~~is ~~federal~~paid ~~tax~~in ~~purposes~~full.

~~NOTE 9~~On –September ~~SEGMENT~~1, ~~REPORTING~~2018 and 2019, the Company entered into two Amended and Restated 12% Convertible Promissory Note for one year with no consideration. The Company recognized a discount on the note of $40,000 and $54,000 on the amended agreement dates, respectively. Since the conversion feature of conventional convertible debt provides for a rate of conversion that is below market value, this feature is characterized as a beneficial conversion feature (“BCF”). A BCF is recorded by the Company as a debt discount pursuant to ASC Topic 470-20 “Debt with Conversion and Other Options.” In those circumstances, the convertible debt is recorded net of the discount related to the BCF and the Company amortizes the discount to interest expense over the life of the debt using the effective interest method.

~~The~~10 ~~Company~~Table ~~operates in one industry segment, selling Acer truncatum bunge related health products through its wholly owned subsidiary in China. As~~ of June 30, 2022 and December 31, 2021, the subsidiary had amounts of $99,840 and $201,463 respectively, in total assets, excluding inter-company balances, and it generated $nil and $71,844 for the six months ended June 30, 2022 and 2021, respectively, in revenue. There was no revenue generated from inter-company transactions.Contents

~~NOTE~~On ~~10–~~September ~~SUBSEQUENT~~1, ~~EVENT~~2020, the convertible note agreement was extended to September 1, 2022 with no additional consideration and no discount on the note.

~~The~~On ~~Company~~September ~~has~~1, ~~evaluated~~2022, ~~all~~the ~~subsequent~~Company ~~events~~amended ~~through~~and restated the ~~date~~12% convertible promissory note. Pursuant to the ~~unaudited~~amended ~~consolidated~~convertible ~~financial~~promissory ~~statements~~note, ~~were~~both ~~issued~~parties ~~and~~agreed ~~determine~~to ~~that~~extend ~~there~~the ~~were~~convertible nonote ~~subsequent~~agreement ~~events~~to orSeptember ~~transactions~~1, ~~that~~2024 ~~require~~with ~~recognition~~no oradditional ~~disclosures~~consideration inand ~~the~~no ~~unaudited~~discount ~~consolidated~~on ~~financial~~the ~~statements~~note.

13 The ~~Table~~Company recognized interest expense related to the convertible note of ~~Contents~~$18,000 and $18,000 for the nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022 and December 31, 2021, net balance of the convertible note amounted to $200,000 and $200,000 with $146,000 and $128,000 interest payable, respectively.

NOTE 8 – LEASE

The Company adopted ASC 842 on January 1, 2019. The Company entered an operating lease for its China office with Entity A with monthly rent of RMB40,000 (approximately $5,800). The lease was for one year and the Company has priority to renewed it year by year. The Company intended to renew the lease. Leases were classified as operating at the inception of the lease. Operating leases result in the recognition of ROU assets and lease liabilities on the balance sheet. ROU assets and operating lease liabilities are recognized based on the present value of lease payments over the lease terms of the commencement date. Because the leases do not provide an explicit or implicit rate of return, the Company determines incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments on an individual lease basis. The incremental borrowing rate for a lease is the rate of interest the Company would have to pay on a collateralized basis to borrow an amount equal to the lease payments for the asset under a similar term, which is 5.25%. The lease does not contain any residual value guarantees or material restrictive covenants. The remaining term including the renewal term as of September 30, 2021 was five months. The Company has no finance lease.

On March 1, 2022, the Company entered into a new lease agreement with Entity A for the one-year term from March 1, 2022 to February 28, 2023. The lease was classified as an operating lease at the inception, and results in the recognition of ROU assets and lease liabilities on the balance sheet. ROU assets and operating lease liabilities are recognized based on the present value of lease payments over the lease terms of the commencement date. Because the leases do not provide an explicit or implicit rate of return, the Company determines incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments on an individual lease basis. The incremental borrowing rate for a lease is the rate of interest the Company would have to pay on a collateralized basis to borrow an amount equal to the lease payments for the asset under a similar term, which is 5.25%. The lease does not contain any residual value guarantees or material restrictive covenants.

The components of lease expense consist of the following:

		For the Nine Month Ended September 30,
	Classification	2022		2021
Operating lease cost	Operating expense	$	19,385	$	53,003

Net lease cost		$	19,385	$	53,003

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Balance sheet information related to leases consists of the following:

Assets	Classification	September 30, 2022			December 31, 2021

Operating lease ROU assets	Right-of-use assets	$	28,819		$	31,171

Total lease assets		$	28,819		$	31,171
Liabilities
Operating lease liabilities
Short-term		$	14,671		$	31,171
Long-term			13,256			-

Total lease liabilities		$	27,927		$	31,171

Weighted average remaining lease term
Operating leases			1.42			0.42

Weighted average discount rate
Operating leases			5.25	%		5.25	%

Cash flow information related to leases consists of the following:

	For the Nine Month Ended September 30,
	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases *	$	19,385	$	-
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		12,194		35,354

Future minimum lease payment under non-cancellable lease as of September 30, 2022 are as follows:

	Operating Leases
Remaining in 2022	$	-
2023		24,091
2024		5,354
Total lease payments		29,445
Less: interest		(1,518	)
Present value of lease liabilities	$	27,927

NOTE 10 – INCOME TAXES

The Company accounts for income taxes under ASC 740, “Income Taxes”. ASC 740 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax basis of assets and liabilities and the tax rates in effect when these differences are expected to reverse. It also requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all the deferred tax assets will not be realized.

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The Company is subject to taxation in the United States and certain state jurisdictions. The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 21% to the net loss before provision for income taxes. HKFW in Hong Kong are governed by the Inland Revenue Ordinance Tax Law of Hong Kong and are generally subject to a profits tax at the rate of 16.5% on the estimated assessable profits. CBNB in the PRC is governed by the Income Tax Law of the PRC concerning the private enterprises, which are generally subject to tax at 25% on income reported in the statutory financial statements after appropriate adjustments. PRC also gives tax discount to small enterprises whose annual taxable income are between one million to three million.

The Company’s income tax expense is mainly contributed by its subsidiary in PRC.

In addition, the 2017 Tax Act also creates a new requirement that certain income (i.e., Global Intangible Low-Taxed Income (“GILTI”)) earned by controlled foreign corporations (“CFCs”) must be included currently in the gross income of the CFCs’ U.S. shareholder income. GILTI is the excess of the shareholder’s net CFC tested income over the net deemed tangible income return, which is currently defined as the excess of (1) 10 percent of the aggregate of the U.S. shareholder’s pro rata share of the qualified business asset investment of each CFC with respect to which it is a U.S. shareholder over (2) the amount of certain interest expense taken into account in the determination of net CFC-tested income. The Company has elected to recognize the tax on GILTI as a period expense in the period the tax is incurred. For the nine months ended September 30, 2022 and 2021, no GILTI tax obligation existed, and the GILTI tax expense was $0.

Income tax provision for the nine months ended September 30, 2022 and 2021 were $0 and $1,488, respectively.

Net deferred tax assets consist of the following components:

	September 30, 2022			December 31, 2021
Deferred tax asset:
Net operating loss carry forwards	$	208,858		$	182,688
Valuation allowance		(208,858	)		(182,688	)
Net deferred tax asset	$	-		$	-

Due to the change in ownership provisions of the Income Tax laws of United States of America, net operating loss carry forwards of approximately $556,000, will carry indefinitely for federal income tax reporting purposes are subject to annual limitations. When a change in ownership occurs, net operating loss carry forwards may be limited to use in future years. Tax filings for the Company for the years after 2018 are available for examination by state tax jurisdictions and federal tax purposes.

NOTE 12 – SEGMENT REPORTING

The Company operates in one industry segment, selling Acer truncatum bunge related health products through its wholly owned subsidiary in China. As of September 30, 2022 and December 31, 2021, China subsidiary had amounts of $266,452 and $391,307, respectively, in total assets, excluding inter-company balances, and it generated $39,507 and $434,288 for the nine months ended September 30, 2022 and 2021, respectively, in revenue. There was no revenue generated from inter-company transactions.

NOTE 13– SUBSEQUENT EVENT

The Company has evaluated all subsequent events through the date the unaudited consolidated financial statements were issued and determine that there were no subsequent events or transactions that require recognition or disclosures in the unaudited consolidated financial statements.

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

As used in this Form 10-Q, references to “MakingORG”,” the “Company,” “we,” “our” or “us” refer to MakingORG, Inc. and subsidiaries unless the context otherwise indicates.

Forward-Looking Statements

The following discussion should be read in conjunction with our financial statements, which are included elsewhere in this Form 10-Q (the “Report”). This Report contains forward-looking statements which relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. We assume no obligation to update forward-looking statements, except as otherwise required under the applicable federal securities laws.

Plan of Operation

Our sole officer and director intend to sell Acer truncatum bunge related health product in the United States and PRC, we might just identify and negotiate with another company for the business combination or merger of that entity with and into our company. We would seek, investigate and, if such investigation warrants, acquire an interest in one or more business opportunities presented to it by persons or firms who or which desire to seek the perceived advantages of a publicly held corporation. At this time, we have no plan, proposal, agreement, understanding or arrangement to acquire or merge with any specific business or company, and the Company has not identified any specific business or company for investigation and evaluation. No member of management or promoter of the Company has had any material discussions with any other company with respect to any acquisition of that company.

We will not restrict our search for another target company to any specific business, industry or geographical location, and the Company may participate in a business venture of virtually any kind or nature. The discussion of the proposed plan of operation under this caption and throughout this Annual Report is purposefully general and is not meant to be restrictive of the Company’s virtually unlimited discretion to search for and enter ~~into~~ potential business opportunities.

The following discussion should be read in conjunction with the unaudited interim financial statements contained in this Report and in conjunction with the Company’s Form 10-K filed on April 15, 2022. Results for interim periods may not be indicative of results for the full year.

Critical Accounting Policies and Estimates

InThere ~~May~~have ~~2014,~~been ~~the~~no ~~Financial~~material ~~Accounting~~impacts ~~Standards~~to ~~Board~~our ~~(“FASB”)~~accounting ~~issued~~estimates ~~Accounting~~as ~~Standards~~of ~~Update~~September ~~(“ASU”) No. 2014-09~~30, ~~Revenue~~2022 ~~from Contracts with Customers (Topic 606). The new revenue recognition standard provides a five-step analysis of contracts to determine when~~ and ~~how~~December ~~revenue~~31, is2021, ~~recognized. The core principle is that an entity should recognize revenue to depict the transfer of promised goods~~ or ~~services to customers in an amount that reflects~~ the ~~consideration~~results tofor ~~which~~ the ~~entity~~three ~~expects~~and tonine bemonths ~~entitled~~ended inSeptember ~~exchange~~30, ~~for~~2023 ~~those~~and ~~goods or services. In August 2015~~2022, ~~the~~from ~~FASB deferred~~ the ~~effective date of ASU No. 2014~~COVID-0919 ~~for all entities by one year to annual reporting periods beginning after December 15, 2017~~pandemic. The ~~FASB~~federal ~~has~~COVID-19 ~~issued~~Public ~~several~~Health ~~updates~~Emergency ~~subsequently,~~declaration ~~including~~in ~~implementation~~the ~~guidance~~U.S. onended ~~principal~~in ~~versus~~May ~~agent considerations~~2023, ~~on how an entity should account for licensing arrangements with customers,~~ and toCOVID-19 ~~improve~~restrictions ~~guidance~~have onbeen ~~assessing~~lifted ~~collectability,~~in ~~presentation~~many oflocations ~~sales taxes, noncash consideration, and contract modifications and completed contracts at transition~~globally. InWe ~~general,~~do ~~the~~not ~~Company’s~~expect ~~performance~~future ~~obligation~~material iseconomic toconsequences ~~transfer it products to its end user or distributor. Revenues~~ from ~~product sales are recognized when~~ the ~~customer~~COVID-19 ~~obtains control of the Company’s finished goods product, which occurs at a point in time, typically upon delivery to the customer~~pandemic.

Recent Accounting Pronouncements reflected in the Condensed Consolidated and Combined Financial Statements

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In ~~February~~September ~~2016~~2022, the Financial Accounting Standards Board (“FASB”) issued Accounting ~~Standard~~Standards Update (“ASU”) ~~2016~~No. 2022-0204, Liabilities ~~Leases~~– ~~(Topic~~Supplier ~~842)~~Finance Programs (~~“Topic~~Subtopic ~~842”~~405-50),. ~~which~~The ASU requires ~~lessees~~companies to ~~recognize~~disclose ~~leases~~information onabout ~~the~~supplier ~~balance~~finance ~~sheet~~programs, ~~and~~including ~~disclose~~ key ~~information~~terms ~~about~~of ~~leasing~~the ~~arrangements.~~program, ~~Topic~~outstanding ~~842~~confirmed ~~was~~amounts ~~subsequently~~as ~~amended~~of bythe ~~ASU~~end ~~2018-01,~~of ~~Land~~the ~~Easement~~period, ~~Practical~~a ~~Expedient~~rollforward ~~for~~of ~~Transition~~such toamounts ~~Topic~~during ~~842;~~each ~~ASU~~annual ~~2018-10~~period, ~~Codification~~and ~~Improvements~~a todescription ~~Topic~~of ~~842,~~where ~~Leases;~~the ~~ASU~~amounts ~~2018-11,~~are ~~Targeted~~presented. ~~Improvements;~~The ~~and~~new ~~ASU~~standard ~~2019-01,~~does ~~Codification~~not ~~Improvements.~~affect ~~The~~the ~~new~~recognition, ~~standard~~measurement, ~~establishes~~or afinancial ~~right-~~statement presentation of~~-use~~ ~~model~~supplier ~~(“ROU”)~~finance ~~that~~obligations. ~~requires~~The aASU ~~lessee~~is toeffective ~~recognize~~for afiscal ~~ROU~~years ~~asset~~beginning ~~and~~after ~~lease~~December ~~liability~~15, on2022, ~~the~~including ~~balance~~interim ~~sheet~~periods, except for ~~all~~rollforward ~~leases~~information, ~~with~~which ais ~~term~~effective ~~longer~~for ~~than~~fiscal 12years ~~months.~~beginning ~~Leases~~after ~~are~~December ~~classified~~15, as2023. ~~finance~~The orCompany ~~operating,~~adopted ~~with~~this ~~classification~~guidance ~~affecting~~on ~~the~~January ~~pattern~~1, ~~and~~2023. ~~classification~~See ofNote ~~expense~~17, ~~recognition~~“Supplemental inFinancial ~~the~~Information” ~~statement~~for offurther ~~income~~information.

~~The~~In ~~new~~October ~~standard~~2021, ~~was~~the ~~effective~~FASB ~~for~~issued ~~the~~ASU ~~Company~~No. on2021-08, Business ~~January~~Combinations 1,(Topic ~~2019.~~805): AAccounting ~~modified~~for ~~retrospective~~Contract ~~transition~~Assets ~~approach~~and isContract ~~required,~~Liabilities ~~applying~~from ~~the~~Contracts ~~new~~with ~~standard~~Customers. toThe ~~all~~ASU ~~leases~~requires ~~existing~~companies atto apply the ~~date~~definition of ~~initial~~a ~~application.~~performance Anobligation ~~entity~~under ~~may~~ASC ~~choose~~606, Revenue tofrom ~~use~~Contracts ~~either~~with ~~(1)~~Customers, ~~its~~to ~~effective~~recognize ~~date~~and ormeasure ~~(2)~~contract ~~the~~assets ~~beginning~~and ofcontract ~~the~~liabilities ~~earliest~~relating ~~comparative~~to ~~period~~contracts ~~presented~~with customers acquired in ~~the~~a ~~financial~~business ~~statements~~combination. asPrior ~~its~~to ~~date~~the adoption of ~~initial~~this ~~application.~~ASU, ~~The~~an ~~Company~~acquirer ~~adopted~~generally ~~the~~recognized ~~new~~assets ~~standard~~acquired onand ~~January~~liabilities 1assumed in a business combination, ~~2019~~including contract assets and ~~used~~contract ~~the~~liabilities ~~effective~~arising ~~date~~from asrevenue ~~its~~contracts ~~date~~with ofcustomers, ~~initial~~at ~~application~~fair value on the acquisition date. ~~Consequently,~~The ~~prior~~ASU ~~period~~results ~~financial~~in ~~information~~the ~~has~~acquirer ~~not~~recording ~~been~~acquired ~~recast~~contract assets and liabilities on the ~~disclosures~~same ~~required~~basis ~~under~~that would have been recorded by the ~~new~~acquiree ~~standard~~before ~~have~~the ~~not~~acquisition ~~been~~under ~~provided~~ASC 606. The ASU is effective for ~~dates~~fiscal ~~and~~years ~~periods~~beginning ~~before~~after December 15, 2022, with early adoption permitted. The Company adopted this guidance on January 1, ~~2019~~2023 using a prospective method, and the adoption did not have a material impact on the condensed consolidated financial statements.

The new standard provides a number of optional practical expedients in transition. The Company elected the “package of practical expedients”, which permits it not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs. The Company did not elect the use-of-hindsight or the practical expedient pertaining to land easements, the latter not being applicable to the Company. The new standard also provides practical expedients for an entity’s ongoing accounting. The Company elected the short-term lease recognition exemption for all leases that qualify. This means, for those leases that qualify, it has not recognized ROU assets or lease liabilities, and this includes not recognizing ROU assets or lease liabilities for existing short-term leases of those assets in transition. The Company also elected the practical expedient to not separate lease and non-lease components for all leases.

The Company believes the most significant effects of the adoption of this standard relate to (1) the recognition of new ROU assets and lease liabilities on its condensed consolidated balance sheet for its office operating leases and (2) providing new disclosures about its leasing activities. There was no change in its leasing activities as a result of the adoption.

Upon adoption, as of January 1, 2019, the Company recognized operating lease liabilities of $14,079 based on the present value of the remaining minimum rental payments under current leasing standards for existing operating leases, as well as corresponding ROU assets of $13,454, the $625 difference attributable to elimination of the accrued and prepaid rent existing as of January 1, 2019.

The preparation of unaudited consolidated financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the unaudited consolidated financial statements, and the reported amount of revenues and expenses during the reported period. Actual results could differ from those estimates.

~~Our~~As ~~operations~~most ~~may~~of bethe businesses, our operations are affected by the ongoing COVID-19 pandemic. The ultimate disruption that may result from the ~~virus~~pandemic is uncertain, but it may result in a material adverse impact on our financial ~~position~~positions, operations and cash flows.

15 Table of Contents

Results of Operations

For the three months ended ~~June~~September 30, 2022 and 2021

	Three Months EndedJune 30,
	Three Months EndedSeptember 30,
	2022			2021			Change			Percent
Net Sales	$	-39,507		$	59362,~~439~~444		$	(59322,~~439~~937	)		~~-100~~(89	)%
Cost of Sales		-31,862			39238,~~626~~890			(39207,~~626~~028	)		~~-100~~(87	)%
Gross Profit		-7,645			19123,~~813~~554			(19115,~~813~~909	)		~~-100~~(94	)%
Operating expenses:
Selling, general and administrative		1511,~~465~~583			2529,~~092~~222			(917,~~627~~639	)		~~-38~~(60	)%
Professional fees		~~13,952~~300			3420,~~176~~556			(20,~~224~~256	)		~~-59~~(99	)%
Total operating expenses		2911,~~417~~883			5949,~~268~~778			(2937,~~851~~895	)		~~-50~~(76	)%
Loss from operations		(29,417	)		(39,455	)		10,038			-25	%
(Loss) Income from operations		(4,238	)		73,776			(78,014	)		(106	)%
Other income (expenses):
Interest income		~~102~~15			1-			~~101~~15			~~10100~~100	%
Interest expense		(6,000	)		(6,000	)		-		-		%
Total other income (expenses)		(5,898	)		(5,999	)		101			-2	%
Other Income		121			2,130			(2,009	)		(94	)%
Loss before income taxes		(35,315	)		(45,454	)		10,139			-22	%
Total other expenses		(5,864	)		(3,870	)		(1,994	)		52	%
Income tax expense		-			800			(800	)		-100	%
Net (loss) income before income taxes		(10,102	)		69,906			(80,008	)		(114	)%
Net loss	$	(35,315	)	$	(46,254	)	$	10,939			-24	%
Income tax expense		-			688			(688	)		(100	)%
Net (loss) Income	$	(10,102	)	$	69,218		$	(79,320	)		(115	)%

~~Net~~15 ~~sales,~~Table ~~cost~~ of ~~sales and gross profit~~Contents

~~Unaudited~~Net ~~condensed consolidated net~~ sales for the three months ended June 30, 2022 and 2021 was $0 and $59,439, respectively. The cost of sales for the three months ended June 30, 2022 and 2021 was $0 and $39,626, respectively, resulting in a gross profit of $0 and $19,813 for the three months ended June 30, 2022 and 2021, respectively. The net sales decrease was due to the decrease of related party sales in PRC.

The Company’s consolidated net sales for the three months ended September 30, 2022 and 2021 were $39,507 and $362,444, respectively. Cost of sales for the three months ended September 30, 2022 and 2021 were $31,862 and $238,890, respectively, resulting in gross profits of $7,645 and $123,554 for the three months ended September 30, 2022 and 2021, respectively. The Revenue decrease of $322,937 or 89% was due to the decrease in related party sales in PRC when COVID-19 was more serious in the three months ended September 30, 2022 compared with the same period in 2021. The sales concentrates on one customer which consists of 100% of the revenue.

Total operating expenses

For the three months ended ~~June~~September 30, 2022, total operating ~~expenses~~expense ~~were~~was $2911,~~417~~883, which consisted of professional ~~fee~~fees of $13300,~~952.~~ ~~Rent expenses in~~ China salary of $25,~~485~~886, office ~~and~~ other expenses ~~in China~~ of $125,~~980~~697. For the three months ended ~~June~~September 30, 2021, total operating expenses were $5949,~~268~~778, which ~~mainly~~ consisted of professional ~~fee~~fees of $3420,~~176~~556, China ~~salary~~salaries and ~~China~~ office ~~and other~~ expenses of $510,~~400~~954, ~~and~~ rent ~~expense~~ of $1917,~~692~~668. Total operating expenses decreased $2937,~~852~~895, or 5076%, primarily as a result of the decrease in professional fees ~~and~~$20,256 ~~rent~~(from $20,556 in ~~China~~2021 ~~for~~to ~~the~~$300 ~~three~~in ~~months~~2022, ~~ended~~and ~~June~~China ~~30,~~office ~~2022~~and ~~compared~~other ~~with~~expenses ~~the~~decrease ~~three~~of ~~months~~$17,639 ~~ended~~(from ~~June 30~~$29,222 in 2021 to $11,583 in 2022).

Total other income (expenses)

~~During~~For the three months ended ~~June~~September 30, 2022, the Company had total other expenses of $5,~~898~~864, which consists primarily of interest ~~income~~expense of $~~102~~6,000, offset by other income of $121 and interest expense of $~~6,000~~15. ~~During~~For the three months ended ~~June~~September 30, 2021, ~~the Company~~ total other expenses were $53,~~999~~870, which consisted of interest expense of $6,000 offset by other income of $2,130. ~~and~~Offset ~~interest~~by the decrease of other income of $12009, Other expenses for the nine months ended September 30, 2022 stayed the same level as the other expenses for the nine months ended September 30, 2021.

Net Income (loss)

~~During~~For the three months ended ~~June~~September 30, 2022, the Company had a net loss of $3510,~~315~~102, as compared with a net ~~loss~~income of $4669,~~254~~218 for the three months ended ~~June~~September 30, 2021, a decrease of $79,320 or 115%. The decrease in net loss was ~~predominantly~~ due to the reasons stated above.

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For the ~~six~~nine months ended ~~June~~September 30, 2022 and 2021

	Six Months EndedJune 30,
	Nine Months EndedSeptember 30,
	2022			2021			Change			Percent
Net Sales	$	-39,507		$	71434,~~844~~288		$	(71394,~~844~~781	)		~~-100~~(91	)%
Cost of Sales		-31,862			47286,~~191~~081			(47254,~~191~~219	)		~~-100~~(89	)%
Gross Profit		-7,645			24148,~~653~~207			(24140,~~653~~562	)		~~-100~~(95	)%
Operating expenses:
Selling, general and administrative		3951,~~425~~008			4776,~~717~~938			(825,~~292~~930	)		~~-17~~(34	)%
Professional fees		31,~~545~~845			5172,~~632~~188			(2040,~~087~~343	)		~~-39~~(56	)%
Total operating expenses		7082,~~970~~853			99149,~~349~~126			(2866,~~379~~273	)		~~-29~~(44	)%
Loss from operations		(70,970	)		(74,696	)		3,726			-5	%
Income (Loss) from operations		(75,208	)		(919	)		(74,289	)	8084		%
Other income (expenses):
Interest income		~~102~~117			1			~~101~~116			~~10100~~11600	%
Interest expense		(1218,000	)		(1218,000	)		-		-		%
Total other income (expenses)		(11,898	)		(11,999	)		101			-1	%
Other income		121			2,130			(2,009	)		(94	)%
Interest expense
Total other income (expenses)		(17,762	)		(15,869	)		(1,893	)		12	%
Loss before income taxes		(82,868	)		(86,694	)		3,826			-4	%
Income (Loss) before income taxes		(92,970	)		(16,788	)		(76,182	)		454	%
Income tax expense		-			~~800~~1,488			(~~800~~1,488	)		-(100	)%
Net loss	$	(82,868	)	$	(87,494	)	$	4,626			-5	%
Net income (loss)	$	(92,970	)	$	(18,276	)	$	(76,694	)		409	%

Net sales~~, cost of sales and gross profit~~

The Company’s consolidated ~~net~~ sales decreased $394,781, or 91% to $39,507 for the ~~six~~nine months ended ~~June~~September 30, 2022 ~~and~~from ~~2021~~$434,288 ~~was~~for $0the ~~and~~nine ~~$71~~months ended September 30,~~844,~~ ~~respectively~~2021. ~~The~~Cost ~~cost~~ of sales decreased $254,219 or 89% to $31,862 for the ~~six~~nine months ended ~~June~~September 30, 2022 ~~and~~from ~~2021~~286,081 ~~was~~for $0the ~~and~~nine ~~$47,191,~~months ~~respectively~~ended September 30, ~~resulting~~2021. It resulted in a gross profit ofincreased $0140,562 ~~and~~or 95% to $24$7,~~653~~645 for the ~~six~~nine months ended ~~June~~September 3031, 2022 ~~and~~from ~~2021~~148,207 ~~respectively.~~for ~~The~~the ~~net~~nine ~~sales~~months ~~decrease~~ended ~~was~~September 31, 2021. Gross profit decreased due to ~~the~~ decrease ofin related party sales in PRC because the Pandemic was less serious in 2021 compared to 2020. The sales concentrates on one customer which consists of 100% of the revenue.

Total operating expenses

~~During~~For the ~~six~~nine months ended ~~June~~September 30, 2022, total operating expenses were $7082,~~970~~853, which ~~consisted~~mainly consists of professional fees of $31,~~545~~845, China salary ~~and~~of ~~China~~$17,272, office ~~expense~~rent of $2125,~~713~~013 and ~~rent~~other expenses of $178,~~712~~723. ~~During~~For the ~~six~~nine months ended ~~June~~September 30, 2021, total operating expenses were $99149,~~348~~126, which ~~mainly~~ consisted of professional fees of $5172,~~632~~188, ~~which~~China ~~consisted~~salaries, ofoffice ~~professional~~& ~~fees~~other expenses of $5122,~~632,~~513 ~~China~~and ~~salary~~rent ~~and~~expenses ~~China~~of ~~office~~$53,003, ~~expense~~and expenses of $111,~~952~~422 ~~and~~in ~~rent~~U.S. Total operating expenses ofdecreased $3566,~~316~~273, or 44%, which was a result of the decrease of $25,930 or 34% in rent and other expenses, and the increase in professional fees paid of $~~448~~40,343 inor ~~U.S.~~56% for the nine months ended September 30, 2022 compared with the nine months ended September 30, 2021.

Total other income (expenses)

~~During~~For the ~~six~~nine months ended ~~June~~September 30, 2022, the Company had ~~interest~~other ~~expense~~expenses of $1117,~~898~~762, which consists of interest ~~income~~expenses of $~~102~~18,000, other income of $121 and interest ~~expenses~~income of ~~12,000~~$117. ~~During~~For the ~~six~~nine months ended ~~June~~September 30, 2021, the Company had other ~~expense~~expenses of $1115,~~999~~869, which consists of interest income of $1, ~~and~~ interest expenses of $1218,000 and other income of $2,130. Other income/expenses were at a similar level for the nine months ended September 30, 2022, compared with the other income/expenses for the September 30, 2021. The decrease of other income of $2,009 and offset by the increase in interest of $116 for the nine months ended September 30, 2022 compared to the same nine months ended September 30, 2021.

Net ~~loss~~Income

~~During~~For the ~~six~~nine months ended ~~June~~September 30, 2022, the Company had a net loss of $8292,~~868~~970, aan ~~decrease~~increase of net loss of $479,~~626~~320 or 5409% as compared ~~with~~to athe net loss of $8718,~~495~~276 for the ~~six~~nine months ended ~~June~~September 30, ~~2020~~2021. The decrease in net loss ~~was~~is predominantly due to the reasons stated above.

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Liquidity and Capital Resources

As of ~~June~~September 30, 2022, the ~~Company~~company had cash and cash equivalents and total assets of $4228,~~139~~583 and $~~119~~129,~~575~~636, respectively. As of said date, the Company ~~has~~had total liabilities of $~~746~~772,~~167~~370, of which $200,000 iswas due to convertible note payable, ~~and~~ $387,918 iswas due to ~~our~~the sole officer and director as an unsecured, non-interest-bearing demand loan, and $146,000 was interest payable. As of September 30, 2021, the Company had cash and cash equivalents and total assets of $82,927 and $322,483, respectively. As of said date, the Company had total liabilities of $879,246, of which $200,000 was due to convertible note payable a $393,618 was due to the sole officer and director as an unsecured, non-interest-bearing demand loan. As of ~~June~~September 30, 2022, and December 31, 2021, the Company had negative working capital amount of $~~426~~458,~~592~~297 and $367,790, respectively.

Other than an oral agreement with Ms. Cui to fund the expenses of the Company, we currently have no agreements, arrangements or understandings with financial institution or any person to obtain funds through bank loans, lines of credit or any other sources. Since the Company has no such arrangements or plans currently in effect, its inability to raise funds for the above purposes will have a severe negative impact on its ability to remain a viable company.

Cash Flows from Operating Activities

For the ~~six~~nine months ended ~~June~~September 30, 2022, net cash flows used in operating activities was $6476,~~476~~461, resulting from a net loss of $8292,~~868~~970, an increase inof ~~prepaid~~loss ~~expenses~~caused ~~and~~by ~~other~~changes ~~current~~in ~~assets~~accounts receivable of $~~810~~33,850, anamortization ~~increase~~of inRight-of-use of assets of $1,058 and accrued ~~liabilities~~liability of $7586,~~202,~~ offset by the increase of prepaid expenses of $33,907, interest payable of $1218,000 and lease liabilities of $96. For the ~~six~~nine months ended ~~June~~September 30, 2021, net cash flows ~~provided~~used in operating activities was $631,~~205~~427, resulting from a net loss of $8718,~~494~~276, a decrease in ~~inventories~~prepaid expenses of $19101,~~271~~248, ainventories ~~decrease~~of in$86,805 ~~advances to vendor~~ and ~~others~~lease liabilities of $1535,~~302~~354, aoffset ~~decrease~~by inthe increase of accrued liabilities of $319,~~252~~843, anamortization ~~increase~~of $50,857, accounts payable of $43,200, interest payable of $1218,000, ~~amortization~~and ofcustomer ~~right-~~deposit of ~~use~~$108,356. ~~assets~~The ofnet cash flow used in operating activities for the nine months ended September 30, 2022 was $3376,~~003~~461, a $75,034 increase from $1,427 for the nine months ended September 30, 2021.

Cash Flows from Investing Activities

For the ~~six~~nine months ended ~~June~~September 30, 2022 and 2021, ~~the~~there ~~Company~~were ~~did~~no ~~not have any~~ cash flow ~~from~~used in investing activities.

Cash Flows from Financing Activities

For the ~~six~~nine months ended ~~June~~September 30, 2022 ~~and 2021~~, ~~advances~~cash flow from ~~the~~investing ~~Company’s~~activities ~~sole~~was ~~officer and director provided~~ $1,500, ~~and~~a $51,832 decrease from $53,332 for the nine months ended September 30, ~~respectively~~2021. It is solely resulted from the loan from the Company’s sole officer and director.

Going Concern Consideration

AsThese ofconsolidated ~~June~~financial ~~30,~~statements ~~2022,~~have ~~the~~been ~~Company~~prepared ~~had~~on ana ~~accumulated~~going ~~deficit~~concern ~~of $1~~basis,~~245,175~~ ~~and~~which ~~its~~assumes ~~current~~the ~~liabilities~~Company ~~exceeded~~will ~~its~~continue ~~current~~to realize its assets, ~~resulting~~and indischarge aits ~~negative~~liabilities ~~working~~in ~~capital~~the normal course of ~~$426,592~~business. The ~~Company’s~~continuation ~~ability~~of tothe ~~continue~~Company as a going concern is dependent onupon the continued financial support from its shareholders, the ability of the Company to ~~raise~~repay ~~additional~~its ~~capital~~debt obligations, to obtain necessary equity financing to continue operations, and the attainment of profitable operations. ~~The~~Management anticipates that the Company’s ~~unaudited~~will ~~condensed~~be ~~consolidated~~dependent, ~~financial~~for ~~statements~~the donear ~~not~~future, ~~include~~on ~~any~~additional ~~adjustments~~investment ~~relating~~capital to ~~the~~fund ~~recoverability~~operating ~~and~~expenses. ~~classification~~The Company may seek additional funding through additional issuance of ~~reported~~common ~~asset~~stock ~~amounts~~and/or borrowings from financial institutions or the ~~amount~~majority ~~and~~shareholder ~~classification~~to support its normal business operations. In light of ~~liabilities~~management’s ~~that~~efforts, ~~might~~there beare ~~necessary~~no ~~should~~assurances that the Company will be ~~unable~~successful toin this or any of its endeavors or become financially viable and continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

~~These~~The ~~unaudited~~Company ~~consolidated~~had ~~financial~~net ~~statements~~loss ~~have~~of ~~been prepared on a going concern basis~~$92,970 ~~which~~for ~~assumes~~ the ~~Company~~nine ~~will~~months ~~continue~~ended toSeptember ~~realize~~30, ~~its~~2022, ~~assets~~a ~~and~~$74,694 ~~discharge~~increase ~~its liabilities in the normal course~~ of ~~business.~~net ~~The~~loss ~~continuation~~from of$18,276 for the ~~Company~~nine asmonths aended ~~going~~September ~~concern~~30, is2021, ~~dependent~~In ~~upon~~addition, the ~~continued~~Company ~~financial~~had ~~support~~an ~~from~~accumulated ~~its~~deficit ~~shareholders~~of $1,255,277 ~~the~~as ~~ability~~ of ~~the~~September ~~Company~~30, ~~to repay its debt obligations~~2022, toand ~~obtain~~generated ~~necessary~~negative ~~equity~~cash ~~financing~~flow tofrom ~~continue~~operating ~~operations,~~activities ~~and~~for the ~~attainment~~nine ofmonths ~~profitable~~ended ~~operations.~~September ~~Management~~30, ~~anticipates~~2022. ~~that~~These ~~the~~factors ~~Company~~raise ~~will~~substantial bedoubt ~~dependent,~~about ~~for~~ the ~~near~~Company’s ~~future,~~ability onto ~~additional~~continue ~~investment~~as ~~capital~~a togoing ~~fund operating expenses~~concern. The Company’s ~~may~~ability ~~seek~~to ~~additional~~continue ~~funding~~as ~~through~~a ~~additional~~going ~~issuance~~concern ofis ~~common~~dependent ~~stock~~on ~~and/or~~its ~~borrowings~~ability ~~from financial institutions or the majority shareholder~~ to ~~support~~raise ~~its~~additional ~~normal business operations~~capital. InThe ~~light of management~~Company’s ~~efforts,~~consolidated ~~there~~financial ~~are~~statements nodo ~~assurances~~not ~~that~~include ~~the~~any ~~Company~~adjustments ~~will~~relating beto ~~successful~~the inrecoverability ~~this~~and orclassification ~~any~~ of ~~its~~reported ~~endeavors~~asset amounts or ~~become~~the ~~financially~~amount ~~viable~~ and ~~continue~~classification asof aliabilities ~~going~~that ~~concern.~~might ~~The~~be ~~financial~~necessary ~~statements~~should dothe ~~not~~Company ~~include~~be ~~any~~unable ~~adjustments~~to ~~that~~continue ~~might~~as ~~result~~a ~~from~~going ~~the outcome of this uncertainty~~concern.

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Convertible Note Payable

On September 1, 2016, the Company entered into a Convertible Note Agreement in the principal amount of $200,000 with an unrelated party. The note bears interest at 12% per annum and the holder is able to convert all unpaid interest and principal into common shares at $3.50 per share. The note matures on September 1, 2018. The Company recognized a discount on the note of $38,857 at the agreement date. The interest expense was due every six months commencing on March 1, 2017 until the principal amount of this convertible note is paid in full.

On September 1, 2018, the Company entered into an Amended and Restated 12% Convertible Promissory Note. Pursuant to an Amended and Restated 12% Convertible Promissory Note, both parties agreed to extend a Convertible Note Agreement to September 1, 2019 with no additional consideration. The Company recognized a discount on the note of $40,000 at the amended agreement date.

On September 1, 2019, the Company entered into an amended and restated 12% convertible promissory note. Pursuant to the amended convertible promissory note, both parties agreed to extend the convertible note agreement to September 1, 2020 with no additional consideration. The Company recognized a discount on the note of $54,400 at the amended agreement date. Since the conversion feature of conventional convertible debt provides for a rate of conversion that is below market value, this feature is characterized as a beneficial conversion feature (“BCF”). A BCF is recorded by the Company as a debt discount pursuant to ASC Topic 470-20 “Debt with Conversion and Other Options.” In those circumstances, the convertible debt is recorded net of the discount related to the BCF and the Company amortizes the discount to interest expense over the life of the debt using the effective interest method.

~~The~~On ~~Company~~September ~~recognized interest expense related to the convertible note of $6~~1,~~000~~ ~~and $6~~2022,~~000,~~ ~~respectively, for~~ the ~~three~~Company ~~months~~entered ~~ended~~into ~~June~~an ~~30,~~amended ~~2022~~ and ~~2021.~~restated ~~Unamortized~~12% ~~debt~~convertible ~~discount~~promissory asnote. ofPursuant ~~June~~to ~~30,~~the ~~2022~~amended ~~and~~convertible ~~December~~promissory 31note, ~~2021~~both ~~were~~parties $0agreed ~~and~~to ~~$0,~~extend ~~respectively.~~the Asconvertible ofnote ~~June~~agreement ~~30,~~to ~~2022,~~September ~~and December 31~~1, ~~2021,~~2024 ~~net~~with ~~balances~~no ofadditional ~~the convertible note were $200,000 and $200,000, respectively~~consideration.

The Company recognized interest expense related to the convertible note of $18,000 and $18,000, respectively, for the nine months ended September 30, 2022 and 2021. As of September 30, 2022 and December 31, 2021, net balance of the convertible note amounted to $200,000.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements.

Item 3. Quantitative and Qualitative Disclosure About Market Risk

As a smaller reporting company, we are not required to provide the information required by this item.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Our management, including our chief executive officer and chief financial officer, evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Exchange Act as of the end of the period covered by this report. Our management does not expect that our disclosure controls and procedures will prevent all error and all fraud. In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.

Based on that evaluation, as of ~~June~~September 30, ~~2019~~2022, ~~our~~the chief executive officer and chief financial officer concluded that our disclosure controls and procedures were ineffective to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting

There were no changes that have affected, or are reasonably likely to materially affect, our internal control over financial reporting (as defined in Rules 13a-15(f) or 15d-15(f) under the Exchange Act) during the period covered by this report.

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PART II. OTHER INFORMATION

Item 1. Legal Proceedings.

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

Item 1A. Risk Factors.

As a smaller ~~reporti0ng~~reporting company, we are not required to provide the information required by this item.

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

Unregistered Sales of Equity Securities

None.

Purchases of equity securities by the issuer and affiliated purchasers

None.

Use of Proceeds

None

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

None.

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Item 6. Exhibits

31.1		Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act
32.1		Certification of Principal Executive Officer ~~and Principal Financial Officer~~ pursuant to Section 906 of the Sarbanes-Oxley Act
32.2		Certification of Principal 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
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document

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SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	MakingORG, Inc.
Dated: August 15, 2022	By:	/s/ Juanzi Cui
Dated: October 10, 2023	By:	/s/ Juanzi Cui
		Name: Juanzi CuiPresident, Chief Executive Officer and Chief Financial Officer(principal executive officer and principalfinancial and accounting officer)

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