UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

~~[X]~~ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(Dd) OF THE SECURITIES EXCHANGE ACT OF 1934

For the ~~quarter~~quarterly period ended~~: September~~ 30March 31, ~~2019~~2020

~~[ ]~~☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(Dd) OF THE SECURITIES EXCHANGE ACT OF 1934

For the ~~Transition~~transition ~~Period~~period from ~~___________ to____________~~________ to ________.

Commission File Number: 333-222829

~~EXENT CORP~~Exent Corp.

(Exact name of registrant as specified in its charter)

Nevada

Nevada		35-261167
(State or other jurisdiction		(IRS Employer
of incorporation or organization)		Identification No.)

Room 6B1-2, Block AB, Tianxiang Building Che Gong Miao, Futian District Shenzhen, Guangdong, People’s Republic of China		517000
(Address of principal executive offices)		(Zip Code)

~~(State or Other Jurisdiction of Incorporation or Organization)~~+86 755-83218411

~~35-2611667~~(Registrant’s telephone ~~IRS~~number, ~~Employer~~including ~~Identification~~area ~~Number 3444 Primary Standard Industrial Classification Code Number~~code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

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

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions 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	☒	Smaller reporting company	☒
		Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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

As of May 14, 2020, there were 2,027,000 shares of the registrant’s common stock, par value $0.001 per share, outstanding.

TABLE OF CONTENTS

Cautionary Note Regarding Forward-Looking Statements		ii

PART I – FINANCIAL INFORMATION		1

Item 1.	Financial Statements	1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	10
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	12
Item 4.	Controls and Procedures	12

PART II – OTHER INFORMATION		13

Item 1.	Legal Proceedings	13
Item 1A.	Risk Factors	13
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	13
Item 3.	Defaults Upon Senior Securities	13
Item 4.	Mine Safety Disclosures	13
Item 5.	Other Information	13
Item 6.	Exhibits	13

SIGNATURES		14

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This report, including, without limitation, statements under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (“Exchange Act”). These forward-looking statements can be identified by the use of forward-looking terminology, including the words “believes,” “estimates,” “anticipates,” “expects,” “intends,” “plans,” “may,” “will,” “potential,” “projects,” “predicts,” “continues,” or “should,” or, in each case, their negative or other variations or comparable terminology. There can be no assurance that actual results will not materially differ from expectations. Such statements include, but are not limited to, any statements relating to our ability to consummate any acquisition or other business combination and any other statements that are not statements of current or historical facts. These statements are based on management’s current expectations, but actual results may differ materially due to various factors, including, but not limited to:

●

our ability to establish our business in China and implement our business plan;

●

acceptance of our smart-home products and services that we expect to market;

●

our ability to retain key employees;

●

adverse changes in general market conditions for smart-home products and services in China;

●

our ability to continue as a going concern;

our future financing plans; and

●

our ability to address and as necessary adapt to changes in foreign, cultural, economic, political and financial market conditions which could impair our future operations and financial performance (including, without limitation, the changes resulting from the global novel coronavirus outbreak of 2019-2020 in China and around the world).

The forward-looking statements contained in this report are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our periodic reports filed with the U.S. Securities and Exchange Commission (the “SEC”). Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described in our periodic reports are not exhaustive.

By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this report. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this report, those results or developments may not be indicative of results or developments in subsequent periods.

PART I - FINANCIAL INFORMATION

Item 1.

Financial Statements

Exent Corp.

~~Stroitelnaya~~Condensed Balance ~~str. 9-1, Ivanovka~~ Sheets

~~Chui~~(US$, except ~~region~~share data and per share data, ~~Kyrgyzstan~~or ~~72000~~otherwise noted)

Tel. +996555158151

	March 31, 2020			December 31, 2019
	(Unaudited)			(Audited)
ASSETS
Current Assets
Cash	$	—		$	10
Prepaid expenses		7,200			2,747
Total Current Assets		7,200			2,757

Non-current Assets
Property and equipment, net of accumulated depreciation		—			4,623
Total Non-current Assets		—			4,623

Total Assets	$	—		$	7,380
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities
Loan from a related party	$	—		$	26,524
Accounts Payable		3,000			—
Total Liabilities		3,000			26,524
Commitments and Contingencies		—			—
Stockholders’ Deficit
Common stock, $0.001 par value, 75,000,000 shares authorized; 2,027,000 shares issued and outstanding as of March 31, 2020 and December 31, 2019		2,027			2,027
Additional paid-in-capital		67,547			25,823
Accumulated Deficit		(65,374	)		(46,994	)
Total Stockholders’ Equity (Deficit)		4,200			(19,144	)

Total Liabilities and Stockholders’ Equity	$	7,200		$	7,380

~~(Address~~The accompanying ~~and~~notes ~~telephone~~are ~~number~~an integral part of ~~principal~~these ~~executive~~condensed ~~offices)~~financial statements.

~~Indicate by check mark whether the registrant (~~1) has filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months, and (2) has been subject to such filing requirements for the past 90 days.

~~Yes [X] No [ ]~~Exent Corp.

~~Indicate~~Condensed Statements ~~by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions~~ of ~~“large accelerated filer”, “accelerated filer”, “non-accelerated filer”, “emerging growth company” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):~~Operations

~~Large~~(US$, except ~~accelerated~~share ~~filer~~data ~~Accelerated~~and ~~filer~~per ~~Non-accelerated~~share ~~filer~~data, Xor ~~Emerging~~otherwise ~~growth company X Smaller reporting company X~~noted)

	For three months ended March 31, 2020			For three months ended March 31, 2019
	(Unaudited)			(Unaudited)
Revenue	$	—		$	—
Cost of sales		—			—
Gross profit		—			—

Operating expenses:
Professional fees	$	11,100		$	4,450
Rent		—			1,050
General and administrative expenses		2,657			1,149
Total operation expenses		13,757			6,649

Loss from operations		(13,757	)		(6,649	)

Other income (expenses)
Other expenses – write off of property & equipment		(4,623	)		—
Total other income (expenses)		(4,623	)		—

Income (loss) before taxes		(18,380	)		(6,649	)

Provision for taxes		—			—

Net income (loss)	$	(18,380	)	$	(6,649	)

Earnings (loss) per common share: Basic and Diluted	$	*		$	*

Weighted Average Number of Common Shares Basic and Diluted		2,027,000			2,027,000

~~Indicate~~* Less bythan ~~check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act)~~$0.01

~~Yes~~The accompanying ~~[ ] No~~notes ~~[X]~~ are an integral part of these condensed financial statements.

~~As of November 5, 2019, there were~~ 2~~,027,000 shares outstanding of the registrant’s common stock.~~

~~1 | Page~~Exent Corp.

		Page
PART I	FINANCIAL INFORMATION:
Item 1.	Financial Statements	3
	Balance Sheets as of September 30, 2019 (unaudited) and December 31, 2018	4
	Statements of Operations for the three and nine month periods ended September 30, 2019 and 2018 (unaudited)	5
	Statements of changes in stockholders’ equity for the three and nine months ended September 30, 2019 and 2018 (unaudited)	6
	Statements of Cash Flows for the nine months ended September 30, 2019 and 2018 (unaudited)	7
	Notes to the Financial Statements (unaudited)	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	11
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	13
Item 4.	Controls and Procedures	13
PART II	OTHER INFORMATION:
Item 1.	Legal Proceedings	14
Item 1A	Risk Factors	14
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	14
Item 3.	Defaults Upon Senior Securities	14
Item 4.	Mine Safety Disclosure.	14
Item 5.	Other Information	14
Item 6.	Exhibits	14
	Signatures	15

Condensed Statements of Changes in Shareholders’ Equity

2For the |Three ~~Page~~Months Ended March 31, 2020 and 2019

~~PART~~(US$, except Ishare ~~– FINANCIAL~~data ~~INFORMATION~~and per share data, or otherwise noted)

~~Item~~For the 1.Three ~~Financial~~Months ~~statements~~Ended March 31, 2020

The accompanying interim financial statements of EXENT CORP. (the “Company”), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted principles have been condensed or omitted pursuant to such rules and regulations.

	Number of Common Shares		Amount		Additional paid-in capital		Accumulated Deficit			Total equity
Balance as of January 1, 2020		2,027,000	$	2,027	$	25,823	$	(46,994	)	$	(19,144	)
Net income								(18,380	)		(18,380	)
Forgiveness of related party loan		—		—		26,524		—			26,524
Contributions from shareholders		—		—		15,200		—			15,200
Balance as of March 31, 2020 (unaudited)		2,027,000		2,027		67,547		(65,374	)		4,200

In For the ~~opinion~~Three ofMonths ~~management,~~ended ~~the~~March ~~financial statements contain all material adjustments~~31, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, statements of changes in stockholders’ equity and cash flows of the Company for the interim periods presented. 2019

3 | Page

	Number of Common Shares		Amount		Additional paid-in capital		Accumulated Deficit			Total equity
Balance as of January 1, 2019		2,027,000	$	2,027	$	25,823		(29,627	)		(1,777	)
Net loss								(6,649	)		(6,649	)
Contributions from shareholders		—		—		—		—			—
Balance as of March 31, 2019 (unaudited)		2,027,000	$	2,027	$	25,823		(36,276	)		(8,426	)

EXENT CORP. BALANCE SHEETS
		September 30, 2019 (Unaudited)	December 31, 2018 (Audited)
ASSETS
Current Assets
	Cash	$ 2,506	$ 3,030
	Prepaid expenses	747	-
	Total Current assets	3,253	3,030
Capital Assets
	Equipment, net of depreciation	4,850	21,254
	Total Capital assets	4,850	21,254
Total Assets		$ 8,103	$ 24,284
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
	Loan from related parties	$ 24,207	$ 23,863
	Accounts Payable	-	2,198
Total Liabilities		24,207	26,061
Commitments and Contingencies		-	-
Stockholders’ Equity
	Common stock, $0.001 par value, 75,000,000 shares authorized;
	2,027,000 and 2,027,000 shares issued and outstanding as of September 30, 2019 and December 31, 2018 respectively	2,027	2,027
	Additional paid-in-capital	25,823	25,823
	Accumulated Deficit	(43,954)	(29,627)
Total Stockholders’ Equity		(16,104)	(1,777)
Total Liabilities and Stockholders’ Equity		$ 8,103	$ 24,284

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

~~The accompanying notes are an integral part of these financial statements.~~3

~~4 | Page~~Exent Corp.

EXENT CORP. STATEMENTS OF OPERATIONS (Unaudited)
	For the three months ended September 30, 2019	For the three months ended September 30, 2018	For the nine months ended September 30, 2019	For the nine months ended September 30, 2018
Revenue	$ -	$ 3,678	$ -	$ 8,694
Cost of sales	-	1,735	-	4,100
Gross profit	-	1,943	-	4,594
Operating expenses
Professional fees	$ 2,000	$ 7,400	$ 8,450	15,350
Rent	-	1,050	1,750	1,750
DTC eligibility	-	8,500	-	8,500
General and administrative expenses	1,101	2,376	4,127	3,964
Net loss from operations	(3,101)	(17,383)	(14,327)	(24,970)
Loss before taxes	(3,101)	(17,383)	(14,327)	(24,970)
Provision for taxes	-	-	-	-
Net loss	$ (3,101)	$ (17,383)	$ (14,327)	$ (24,970)
Loss per common share: Basic and Diluted	$ (0.00)	$ (0.01)	$ (0.01)	$ (0.01)
Weighted Average Number of Common Shares Outstanding: Basic and Diluted	2,027,000	2,027,000	2,027,000	1,732,113

Condensed Statements of Cash Flows

~~The~~(US$, except ~~accompanying~~share ~~notes~~data ~~are~~and anper ~~integral~~share ~~part~~data, ofor ~~these~~otherwise ~~financial statements.~~noted)

5 | Page

	For three months ended March 31, 2020			For three months ended March 31, 2019
	(Unaudited)			(Unaudited)
Operating Activities
Net loss	$	(18,380	)	$	(6,649	)
Adjustments of non-cash items
Depreciation expense		—			652
Write-off of property & equipment		4,623			—
Changes in working capital
Increase in prepaid expenses		(4,453	)		—
Increase (decrease) in accounts payable		3,000			(2,198	)
Net cash used in operating activities		(15,210	)		(8,195	)

Investing Activities		—			—

Financing Activities
Capital contributions from shareholders		15,200			—
Proceeds from loan from shareholders		—			5,394
Net cash provided by financing activities		15,200			5,394

Net increase in cash and equivalents		(10	)		(2,801	)
Cash and equivalents at beginning of the period		10			3,030
Cash and equivalents at end of the period	$	—		$	229
Supplemental cash flow information:
Non-cash activities
Forgiveness of related party loan	$	26,524		$	—

Supplemental cash flow information:
Cash paid for:
Interest	$	—		$	—
Income taxes	$	—		$	—

EXENT CORP. STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2019 AND 2018 (UNAUDITED)
	Number of Common Shares	Amount	Additional Paid-in- Capital	Deficit accumulated	Total
Balances as of December 31, 2017	1,500,000	$ 1,500	$ -	$ (224)	$ 1,276
Net loss for three months ended March 31, 2018	-			(6,823)	(6,823)
Balances as of March 31, 2018	1,500,000	$1,500	$ -	$ (7,047)	$ (5,547)
Common Shares issued for cash at $0.05 per share	527,000	527	25,823	-	26,350
Net loss for three months ended June 30, 2018	-	-	-	(764)	(764)
Balances as of June 30, 2018	2,027,000	2,027	$ 25,823	$ (7,811)	$ 20,039
Net loss for three months ended September 30, 2018	-	-	-	(17,383)	(17,383)
Balances as of September 30, 2018	2,027,000	2,027	$ 25,823	$ (25,194)	$ 2,656
Net loss for three months ended December 31, 2018	-	-	-	(4,433)	(4,433)
Balances as of December 31, 2018	2,027,000	$ 2,027	$ 25,823	$ (29,627)	$ (1,777)
Net loss for three months ended March 31, 2019	-	-	-	(6,649)	(6,649)
Balances as of March 31, 2019	2,027,000	$ 2,027	$ 25,823	$ (36,276)	$ (8,426)
Net loss for three months ended June 30, 2019	-	-	-	(4,577)	(4,577)
Balances as of June 30, 2019	2,027,000	$ 2,027	$ 25,823	$ (40,853)	$ (13,003)
Net loss for three months ended September 30, 2019	-	-	-	(3,101)	(3,101)
Balances as of September 30, 2019	2,027,000	$ 2,027	$ 25,823	$ (43,954)	$ (16,104)

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

~~The accompanying notes are an integral part of these financial statements.~~4

~~6 |~~Exent Corp. Notes ~~Page~~to the Condensed Financial Statements For the Three Months Ended March 31, 2020 and 2019

EXENT CORP. STATEMENTS OF CASH FLOWS (Unaudited)
		For the nine months ended September 30, 2019	For the nine months ended September 30, 2018
Operating Activities
	Net loss	$ (14,327)	$ (24,970)
	Depreciation expense	1,404	1,244
	Decrease (increase) in prepaid expenses	(747)	-
	Increase (Decrease) in accounts payable	(2,198)	6,000
	Net cash (used in) provided by operating activities	(15,868)	(17,726)
Investing Activities
Purchase of capital assets		-	(23,150)
Sale of Capital Assets		15,000	-
Net cash provided by (used in) investing activities		15,000	(23,150)
Financing Activities
	Proceeds from sale of common stock	-	26,350
	Proceeds from loan from shareholder	6,844	23,639
	Loan repayment	(6,500)	-
	Net cash provided by financing activities	344	49,989
Net decrease in cash and equivalents		(524)	9,113
Cash and equivalents at beginning of the period		3,030	1,500
Cash and equivalents at end of the period		$ 2,506	$ 10,613
	Supplemental cash flow information:
	Cash paid for:
	Interest	$ -	$ -
	Taxes	$ -	$ -

(Unaudited)

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

7 | Page

EXENT CORP.

NOTES TO FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2019

UNAUDITED

NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION

~~Organization~~Exent ~~and~~Corp. ~~Description~~(the “Company”) was incorporated under the laws of ~~Business~~the State of Nevada on February 15, 2017. The Company was primarily engaged in manufacturing and sales of steel drywall studs since its inception.

~~EXENT~~During ~~CORP. (“~~the ~~Company”)~~fiscal ~~was~~year ~~incorporated~~ended ~~under~~December 31, 2019, the ~~laws~~Company ofsold the ~~State~~machine ofit ~~Nevada,~~was ~~U.S.~~utilizing onfor ~~February~~studs ~~15,~~manufacturing ~~2017~~as it was outdated. ~~The~~Production ~~Company~~was ~~manufactures~~thus ~~and~~placed ~~sells~~on ~~drywall~~hold ~~steel~~until new ~~studs~~equipment could be purchased.

~~Since~~On ~~inception~~February ~~through~~3, ~~September~~2020, 30pursuant to a stock purchase agreement dated on January 21, ~~2019~~2020, an individual investor (Mr. Weining Zheng) purchased 1,500,000 shares of the Company’s common ~~has~~stock ~~generated~~from $8its then majority shareholder,~~694~~ inMarat ~~revenue~~Asylbekov, ~~and~~representing ~~has~~74% ~~accumulated~~of ~~losses~~the voting securities of ~~$43~~the Company. Following this change of control,~~954~~ the Company changed its business plan to engage in the “smart-home” business in the People’s Republic of China.

The ~~accompanying~~Company ~~financial~~plans ~~statements~~to ~~have~~conduct ~~been~~smart-home ~~prepared~~business in by the ~~Company~~People’s ~~without~~Republic ~~audit.~~of ~~Management believes that estimates are proper~~China, ~~all~~with ~~adjustments~~a ~~necessary~~focus toon ~~present fairly the financial position~~developing, ~~results~~promoting ~~of operations,~~ and ~~cash~~executing ~~flows~~high atquality ~~September~~integrated ~~30,~~smart-home systems ~~2019~~ and ~~for the related periods presented~~solutions. ~~Operating~~The ~~results~~Company ~~for~~is ~~the~~presently ~~nine~~evaluating ~~months ended September 30, 2019 are not necessarily indicative of~~ the ~~final~~optimal ~~results~~corporate ~~that~~and ~~may~~legal bestructures ~~expected~~in ~~for~~China ~~the~~necessary ~~year~~to ~~ending~~establish its ~~December 31, 2019~~business. ~~These~~The ~~financial~~Company ~~statements~~aims ~~and~~to ~~footnotes~~start ~~should~~the besmart-home ~~read~~business in ~~conjunction~~2020 ~~with~~and the ~~audited~~funds ~~financial~~to ~~statements~~financing ~~for~~ the ~~year~~start-up ~~ended~~of ~~December~~the ~~31,~~new ~~2018,~~business will ~~filed~~primarily ~~with~~come ~~the~~from ~~Securities~~its ~~and~~majority ~~Exchange~~shareholder, ~~Commission~~Mr. Zheng.

GOING CONCERN

The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred a loss since ~~Inception~~inception (February 15, 2017) resulting in an accumulated deficit of $4365,~~954~~374 as of ~~September~~March 3031, ~~2019~~2020 and further losses are anticipated in the development of its business. Accordingly, there is substantial doubt about the Company’s ability to continue as a going concern.

The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months ~~with~~primarily ~~existing~~through ~~cash~~financings ~~on hand and loans~~ from ~~directors~~the Company’s ~~and/or~~major ~~private placement of common stock~~shareholder.

These financial statements do not reflect adjustments that would be necessary if the Company were unable to continue as a “going concern.” While management believes that the actions already taken or planned will mitigate the adverse conditions and events which raise doubt about the validity of the “going concern” assumption used in preparing these financial statements, there can be no assurance that these actions will be successful. If the Company were unable to continue as a “going concern,” then substantial adjustments would be necessary to the reported amounts of its liabilities, the reported expenses and the balance sheet classifications used.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company’s unaudited condensed financial statements ~~of the Company~~ have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are ~~presented~~not innecessarily USindicative ~~dollars.~~of ~~The~~the ~~Company~~results ~~has~~to ~~adopted~~be expected for the full year ending December 31, as2020. ~~its~~These ~~fiscal~~unaudited condensed financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ~~end~~ended December 31, 2019.

Basic Earnings ~~Income~~ (Loss) Per Share

The Company computes earnings (loss) per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. ~~Dilutive~~ Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. AtThere ~~September~~were ~~30,~~no ~~2019~~dilutive ~~and~~shares ~~2018,~~outstanding as ~~the~~of ~~Company~~March ~~did~~31, ~~not~~2020 ~~have any dilutive securities~~ and ~~other~~December ~~contracts. As a result~~31, ~~diluted loss per share is the same as basic loss per share for the periods presented~~2019.

~~8 | Page~~ 5

Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes.

Dividends

The Company has not adopted any policy regarding payment of dividends. No dividends have been paid ~~or declared~~ during any of the periods shown.

Income Taxes

The Company follows the liability method of accounting for income taxes ~~pursuant to ASC 740~~. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Advertising Costs

The Company’s policy regarding advertising is to expense advertising when incurred. The Company ~~incurred~~did ~~advertising~~not ~~expense~~incur ofany $0advertising expenses ~~during~~for the ~~nine~~three months ended ~~September~~March 3031, ~~2019~~2020 and ~~for the nine months ended September 30~~2019, ~~2018~~respectively.

Impairment of Long-Lived Assets

The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.

Use of Estimates

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

Stock-Based Compensation

AsThe Company ofwill ~~September~~follow 30Accounting Standards Codification (“ASC”) 718-10, Stock ~~2019~~Compensation, ~~the~~which ~~Company~~addresses ~~has~~the accounting ~~not~~for ~~issued~~transactions ~~any~~in ~~stock-based~~which ~~payments~~an toentity exchanges its ~~employees.~~equity ~~Stock-based~~instruments ~~compensation~~for isgoods ~~accounted~~or ~~for~~services, atwith ~~fair~~a ~~value~~primary focus on transactions in ~~accordance~~which ~~with~~an entity obtains employee services in share-based payment transactions. ASC 718~~. To~~-10 requires measurement of the cost of employee services received in exchange for an award of equity instruments based on the grant-date, fair value of the ~~Company~~award ~~has~~(with ~~not~~limited ~~adopted~~exceptions). aIncremental ~~stock~~compensation ~~option~~costs ~~plan~~arising ~~and~~from ~~has~~subsequent ~~not~~modifications ~~granted~~of ~~any~~awards ~~stock~~after ~~options~~the grant date must be recognized.

For the three months ended March 31, 2020 and 2019, the Company has not issued any stock-based payments to its employees. To date, the Company has not adopted a stock option plan and has not granted any stock options.

Revenue Recognition

~~The~~On January 1, 2019, the Company adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers, which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that supersedes most current revenue recognition guidance. The updated guidance, and subsequent clarifications, collectively referred to as ASC 606, require an entity to recognize revenue when it transfers control of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Previously we recorded revenue based on ASC Topic 605. Adoption of new accounting standard did not have any material impact on our reported revenue.

~~9 | Page~~ 6

WeRevenue is ~~adopted~~recognized ~~Topic~~when ~~606~~the ~~since~~following ~~inception~~criteria ~~on February 15, 2017. Revenues for reporting periods beginning after February 15, 2017~~ are presented under Topic 606. While Topic 606 requires additional disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, its adoption has not had a material impact on the measurement or recognition of our revenues.met:

Identification of the contract, or contracts, with customer;

Identification of the performance obligations in the contract;

Determination of the transaction price;

Allocation of the transaction price to the performance obligations in the contract; and

Recognition of revenue when, or as, we satisfy performance obligation.

The Company did not generate any revenue during the three months ended March 31, 2020 and 2019.

Property and equipment

Property and equipment are recorded at cost, less accumulated depreciation and impairment. Depreciation of property and equipment is calculated on a straight-line basis, after consideration of expected useful lives and estimated residual values. The estimated annual deprecation rate of these assets are generally as follows:

Category	Depreciation years	Estimated residual value
Machinery & equipment	10	Nil
Furniture and fixtures	10	Nil
Computers	3	Nil

Expenditures for maintenance and repairs are expensed as incurred. Gains and losses on disposals are the differences between net sales proceeds and carrying amount of the relevant assets and are recognized in the consolidated statements of operations and comprehensive income.

Impairment of Long-Lived Assets

Subsequent Events

The Company follows the guidance in ASC 855-10-50 for the disclosure of subsequent events. The Company evaluates subsequent events from the date of the balance sheet through the date when the financial statements are issued.

Taxation

Current income taxes are provided on the basis of net profit for financial reporting purposes, adjusted for income and expense items which are not assessable or deductible for income tax purposes, in accordance with the regulations of the relevant tax jurisdictions.

Deferred income taxes are recognized for temporary differences between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements, net operating loss carry forwards and credits. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided in accordance with the laws of the relevant taxing authorities. Deferred tax assets and liabilities are measured using enacted rates expected to apply to taxable income in which temporary differences are expected to be reversed or settled. The effect on deferred tax assets and liabilities of changes in tax rates is recognized in the statement of comprehensive income in the period of the enactment of the change.

The Company considers positive and negative evidence when determining whether a portion or all of its deferred tax assets will more likely than not be realized. This assessment considers, among other matters, the nature, frequency and severity of current and cumulative losses, forecasts of future profitability, the duration of statutory carry-forward periods, its experience with tax attributes expiring unused, and its tax planning strategies. The ultimate realization of deferred tax assets is dependent upon its ability to generate sufficient future taxable income within the carry-forward periods provided for in the tax law and during the periods in which the temporary differences become deductible. When assessing the realization of deferred tax assets, the Company has considered possible sources of taxable income including (i) future reversals of existing taxable temporary differences, (ii) future taxable income exclusive of reversing temporary differences and carry-forwards, (iii) future taxable income arising from implementing tax planning strategies, and (iv) specific known trend of profits expected to be reflected within the industry.

The Company recognizes a tax benefit associated with an uncertain tax position when, in its judgment, it is more likely than not that the position will be sustained upon examination by a taxing authority. For a tax position that meets the more-likely-than-not recognition threshold, the Company initially and subsequently measures the tax benefit as the largest amount that the Company judges to have a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority. The Company’s liability associated with unrecognized tax benefits is adjusted periodically due to changing circumstances, such as the progress of tax audits, case law developments and new or emerging legislation. Such adjustments are recognized entirely in the period in which they are identified. The Company’s effective tax rate includes the net impact of changes in the liability for unrecognized tax benefits and subsequent adjustments as considered appropriate by management. The Company classifies interest and penalties recognized on the liability for unrecognized tax benefits as income tax expense.

Recent Accounting Pronouncements

The Company has reviewed all the recent accounting pronouncements issued to date of the issuance of these financial statements, and does not believe any of these pronouncements will have a material impact on the Company.

~~Property and Equipment Depreciation Policy~~8

~~The~~NOTE 3 ~~Company~~– ~~purchased~~PROPERTY aAND machine for drywall steel studs manufacturing for $17,000. On May 14, 2018, the Company purchased office equipment for $4,900. Equipment is stated at cost and depreciated on the straight line method over the estimated life of the assets, which is 10 years. EQUIPMENT

~~Company~~Property and ~~purchased a computer for $1~~equipment,~~250. It~~ isnet ~~stated~~consist ~~at cost and depreciated on the straight line method over the estimated life~~ of the ~~assets, which is 3 years.~~following:

On June 6, 2019, the Company sold a machine for drywall steel studs manufacturing for $15,000. This is at book value so there is no gain or loss.

	March 31, 2020		December 31, 2019
	US$		US$
Machinery and equipment		—		—
Furniture and fixtures		—		4,900
Computer		—		1,250
Total		—		6,150
Less: Accumulated depreciation		—		(1,527	)
Property and equipment, net		—		4,623

~~Capitalization~~Depreciation expenses ~~Policy~~were recorded in general and administrative expenses. For the three month ended March 31, 2020, depreciation expense was nil compared to $652 for the same period ended March 31, 2019.

AOn January ~~“Capital~~22, ~~Asset”~~2020, isthe aCompany ~~unit~~wrote ofoff ~~property~~all ~~with~~furniture aand ~~useful~~fixtures ~~life~~and ~~exceeding~~computer ~~one~~as ~~year and~~ a ~~per~~result ~~unit~~of ~~acquisition~~the ~~cost~~change ~~exceeding~~of ~~$1,000~~control. ~~Capital~~These fixed assets ~~will~~were bestill ~~capitalized~~in ~~and~~the ~~depreciated~~use ~~over~~by ~~their~~the ~~useful~~previous ~~lives.~~major ~~All~~shareholder ~~Capital~~after ~~Assets~~change ~~are~~of ~~recorded~~control atand ~~historical~~it ~~cost~~was asdetermined ofnot ~~the~~worthwhile ~~date~~to collect ~~acquired.~~and ~~Tangible~~transfer ~~assets~~these ~~costing~~fixed ~~below~~assets from the ~~aforementioned~~hand ~~threshold~~of ~~amount~~the ~~are~~previous ~~recorded~~major asshareholder anto ~~expense in~~ the ~~accounting~~Company. ~~records~~The ~~and~~total ~~financial~~book ~~statements~~value of $4,623 of the ~~business.~~furniture Inand ~~addition,~~fixtures ~~assets~~and ~~with~~computer antherefore ~~economic~~was ~~useful~~wrote ~~life~~off ofand 12recorded ~~months~~as ora ~~less~~loss ~~must~~in bethe ~~expensed~~three ~~for~~months ~~both~~ended ~~book~~March 31, ~~and financial reporting purposes~~2020.

NOTE 4 3 – ~~CAPITAL~~ ~~STOCK~~EQUITY

The Company has 75,000,000 shares of common stock authorized with a par value of $0.001 per share. During the three months ended March 31, 2020 and 2019, there was no securities issued.

~~On November 15, 2017 the Company issued 1,500,000 shares~~ As of ~~its~~March ~~common stock at $0.001 per share for total proceeds of $1~~31,~~500.~~ In2020 ~~May~~ and ~~June~~December ~~2018~~31, 2019, the Company ~~sold~~had ~~527~~2,027,000 shares of ~~its~~ common stock atissued ~~$0.05~~and ~~per share for total proceeds of $26~~outstanding,~~350~~ respectively.

AsDuring ofthe ~~September~~three 30months ended March 31, ~~2019~~2020, a related party loan of $26,524 was forgiven by the Company’s ~~had~~former ~~2,027,000~~sole ~~shares~~officer ~~issued~~and director. This debt forgiveness was treated as a capital transaction and ~~outstanding~~hence was recorded into additional paid-in-capita See Note 5 below for details.

~~NOTE~~During the 4three ~~– RELATED~~months ~~PARTY~~ended ~~TRANSACTIONS~~March 31, 2020, the Company received capital contribution of $15,200 from its new majority shareholder, Weining Zheng, for working capital uses. The capital contribution was recorded in additional paid-in-capital.

NOTE 5 – RELATED PARTY TRANSACTIONS

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

Since ~~February~~its ~~15,~~inception ~~2017 (Inception)~~ through ~~September~~December 3031, 2019, the Company’s former sole officer and director, Marat Asylbekov, loaned the Company an aggregate of $3026,~~707~~524 to pay for incorporation costs and operating expenses. InAs ~~July~~of December 31, 2019, the ~~Company~~amount ~~made~~outstanding was $26,524. The loan ~~repayment~~was ofnon-interest $6bearing,~~500.~~ due Asupon ofdemand ~~September~~and 30unsecured. On January 22, ~~2019~~2020, the ~~net~~Company ~~amount~~and ~~outstanding~~Mr. ~~was~~Asylbekov entered into a debt forgiveness agreement pursuant to which Mr. Asylbekov forgave the loan with the principal amount of $2426,~~207~~524 that the Company owed to him. ~~The~~Therefore, ~~loan~~the isCompany recorded ~~non-interest~~the ~~bearing~~$26,524 ~~due~~forgiven ~~upon~~loan ~~demand~~as ~~and~~a ~~unsecured~~capital transaction in the three months ended March 31, 2020.

~~The~~During the ~~Company’s~~three ~~sole~~months ~~officer~~ended ~~and~~March ~~director~~31, ~~provided~~2020, ~~services~~the ~~and office space. The~~ Company ~~does~~received ~~not~~capital ~~pay~~contribution ~~any~~of ~~rent~~$15,200 tofrom its ~~sole~~new ~~officer~~majority ~~and~~shareholder, Weining ~~director~~Zheng, ~~and~~for ~~there~~working iscapital ~~no agreement to pay any rent in the future~~uses.

10During the |three ~~Page~~months ended March 31, 2019, the Company’s former sole officer and director, Marat Asylbekov, provided office space to the Company. The Company did not pay any rent to Mr. Asylbekov. Following the change of control, Li Deng, the Company’s sole executive officer and director, provides office space to the Company free of charge. As a result, there was no rent expense for the three months ended March 31, 2020.

NOTE 6 5- SUBSEQUENT EVENTS

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to ~~September~~March 3031, ~~2019~~2020 ~~to the date these financial statements were issued, and~~ has determined that it does not have any material subsequent events to disclose in these financial statements. other than the one below:

~~Item~~● 2In March 2020, the Word Health Organization has declared the spread of the novel coronavirus and related illness known as COVID 19 a pandemic. ~~Management~~The global economy (including China, the Company’s ~~Discussion~~base of operations) has been significantly impacted by the pandemic. The Company’s current business plans and ~~Analysis~~initiatives have been and are expected to continue to be impacted by the pandemic. The extent of ~~Financial~~the ~~Condition~~impact of COVID 19 pandemic on the Company’s ability to execute its business plans and ~~Results~~initiatives will depend upon the developments related to the pandemic, including the duration and spread of ~~Operations~~the COVID 19 and lockdown restrictions imposed by the respective global governments and oversight bodies. All of these factors are uncertain and cannot be easily estimated given the novelty of the pandemic and the risk of outbreak recurrences even in places (such as in China) where initial outbreaks have subsided. Given the dynamic nature of pandemic situation, the Company cannot reasonably estimate the impact of COVID 19 on its future operational and financial performance and implementation of its business plans.

This quarterly report and other reports filed by EXENT CORP. (“we,” “us,” “our,” or the “Company”), from time to time contain or may contain forward-looking statements and information that are based upon beliefs of, and information currently available to, the Company’s management as well as estimates and assumptions made by Company’s management. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. When used in the filings, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” or the negative of these terms and similar expressions as they relate to the Company or the Company’s management identify forward-looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties, assumptions, and other factors. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned.9

~~Although~~Item ~~the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance, or achievements~~2. ~~Except~~Management’s asDiscussion ~~required~~and byAnalysis ~~applicable law, including the securities laws~~ of ~~the~~Financial ~~United~~Condition ~~States,~~and ~~the~~Results ~~Company does not intend to update any~~ of ~~the forward-looking statements to conform these statements to actual results.~~Operations

~~Our~~The following ~~financial~~discussion ~~statements~~and ~~are~~analysis ~~prepared~~of inour ~~accordance~~results ~~with~~of ~~accounting~~operations ~~principles~~and ~~generally~~financial ~~accepted~~condition inshould ~~the~~be ~~United~~read ~~States~~together ~~(“GAAP”).~~with ~~These~~our ~~accounting~~unaudited condensed ~~principles~~financial ~~require~~statements ~~us to make certain estimates, judgments,~~ and ~~assumptions. We believe that~~ the ~~estimates,~~notes ~~judgments~~thereto, ~~and~~which ~~assumptions~~are ~~upon~~included ~~which~~elsewhere wein ~~rely~~this ~~are~~report ~~reasonable~~and ~~based~~our ~~upon~~Annual ~~information~~Report ~~available~~on toForm 10-K usfor at the ~~time~~year ~~that~~ended ~~these~~December ~~estimates~~31, ~~judgments,~~2019 ~~and~~(the ~~assumptions~~“Annual ~~are~~Report”) ~~made.~~filed ~~These~~with ~~estimates,~~SEC. ~~judgments,~~Our ~~and~~financial ~~assumptions~~statements ~~can~~have ~~affect~~been prepared ~~the~~in ~~reported~~accordance ~~amounts~~with ofU.S. ~~assets~~GAAP. ~~and~~In ~~liabilities~~addition, asour offinancial ~~the~~statements ~~date~~and of the financial ~~statements~~information asincluded ~~well~~in asthis ~~the~~report reflect ~~reported~~our ~~amounts~~organizational oftransactions ~~revenues~~ and ~~expenses~~have ~~during~~been ~~the~~prepared ~~periods~~as ~~presented.~~if ~~Our~~our ~~financial~~current ~~statements~~corporate ~~would~~structure behad ~~affected~~been toin place throughout the ~~extent~~relevant ~~there are material differences between these estimates.~~periods

~~GENERAL DESCRIPTION~~Exent Crop. OF(the ~~BUSINESS~~“Company,” “we” or similar terminology) was incorporated in the state of Nevada on February 15, 2017. Our original business was manufacturing and selling steel drywall studs in the Kyrgyz market to wholesale customers. During the fiscal year of 2019, we sold machine for studs manufacturing as it was outdated. Production thereafter was temporarily on hold until new equipment was to be purchased.

WeOn ~~were~~February ~~incorporated~~3, in2020, ~~the~~pursuant ~~State~~to ofa ~~Nevada~~stock purchase agreement dated on ~~February~~January 1521, ~~2017~~2020, an individual investor (Mr. Weining Zheng) purchased 1,500,000 shares of our common stock from our then majority shareholder, Marat Asylbekov, representing 74% of the voting securities of the Company (the “Change of Control”).

WeFollowing ~~manufacture~~the ~~and~~Change ~~sell~~of ~~drywall steel studs. Our product is used principally in new developments~~Control, ~~commercial~~we ~~and residential construction and in home improvement, remodeling and repair work. A success of~~ changed our business plan ~~depends~~to onengage ~~the~~in ~~level~~smart-home ofbusiness ~~the~~in ~~new construction and~~ the ~~retail~~People’s ~~sales~~Republic ~~market. A downturn~~ of ~~commercial and residential new developments as well as a decrease in home improvement activity can adversely affect our intended business~~China.

We ~~distribute~~plan ~~our~~to ~~drywall~~conduct ~~steel~~smart-home ~~studs~~business in the People’s ~~Kyrgyz~~Republic ~~market~~of toChina, ~~wholesale~~with ~~customers.~~a Infocus ~~the~~on ~~future~~developing, ~~when/if~~promoting weand ~~have~~executing ~~available~~high ~~resources,~~quality ~~operating~~integrated ~~history~~smart-home systems and ~~experience,~~solutions. weWe ~~plan~~are presently evaluating the optimal corporate and legal structures in China necessary to ~~expand~~establish our ~~market~~business or to ~~China,~~acquire ~~Europe~~ and/or ~~Commonwealth~~invest ofin ~~Independent~~existing ~~States~~smart ~~(CIS)~~home ~~countries~~businesses. We ~~believe~~aim ~~that~~to ~~there~~start isthe asmart-home ~~demand~~business ~~for~~in ~~our~~2020 ~~product.~~and ~~However,~~the ~~there~~funds isto financing nothe ~~guarantee~~start-up ~~that~~of wethe ~~will~~new bebusiness ~~able~~or toacquisition ~~sell~~of ~~our~~and/or ~~drywall~~investment ~~steel~~in ~~studs.~~existing smart home businesses will primarily come from our major shareholder.

~~Our~~However, ~~raw~~our ~~material~~plan to operate in the smart home industry may be adversely impacted by the novel coronavirus epidemic, which was first reported to have surfaced in Wuhan, China, in December 2019, and is now ~~galvanized~~continuing ~~metal~~to ~~with~~spread athroughout ~~thickness~~China and other parts of ~~0.5-0.7~~the ~~millimeters~~world. WeAlthough ~~buy~~China ~~reels~~has made great efforts to contain the spread of ~~galvanized~~the ~~metal~~virus ~~weighing~~and ~~5-6~~has ~~tons~~appeared to bring the outbreak under control, the economy, financial market and businesses in China have suffered from the pandemic. As a result of the epidemic and its socioeconomic impact in China, we may change our plan to do business in other industries in China should we determine that it is no longer in the best interest of our stockholders and the Company to proceed with our original plan.

~~11 | Page~~10

~~Management’s Discussion and Analysis of Financial Condition and~~ Results of Operations

~~Results~~There was ofno ~~Operations~~revenue generated for the three months ended ~~September~~March 3031, ~~2019~~2020 ~~compared~~and ~~to the three months ended September 30, 2018:~~2019.

~~Revenue~~During the ~~and~~three ~~cost~~months ended March 31, 2020, we incurred operating expenses of ~~goods~~$13,757 ~~sold~~compared to $6,649 incurred during the same period of 2019. The increase in 2020 was due to the increase in professional fees after the Change of Control.

~~For~~During the three months ended ~~September~~March 3031, ~~2019 the Company did not generate any revenue because the Company did not manufacture any drywall steel studs~~2020, we ~~compared~~had toother ~~the~~expense ~~three month period ended September 30, 2018, when the Company generated total revenue~~ of $34,~~678~~623 ~~from~~relating ~~selling~~to ~~drywall~~the ~~steel~~write-off ~~studs. Cost~~ of ~~revenue for~~ the ~~three~~Company’s ~~months~~property ~~ended~~& ~~September 30, 2018 was $1,735~~equipment.

~~Operating~~As ~~expenses~~a result of the foregoing, our net loss for the three months ended March 31, 2020 was $18,380 as compared to a net loss of $6,649 for the same period of 2019.

Total operating expenses for the three month period ended September 30, 2019 were $3,101 compared to $19,326 for the three month period ended September 30, 2018. The operating expenses for the three month period ended September 30, 2019 included professional fees of $2,000; Liquidity and ~~general~~Capital ~~and administrative expenses of $1,101.~~ Resources

~~The~~As of ~~operating~~March ~~expenses~~31, ~~for~~2020, ~~the~~our ~~three~~total ~~month~~assets ~~period~~were ~~ended~~$7,200 ~~September~~compared 30to $7,380 ~~2018~~in ~~included~~total ~~professional~~assets ~~fees~~at $7December 31,~~400;~~ ~~rent~~2019. As of March 31, 2020, our total liabilities were $13,~~050;~~000 ~~DTC~~compared ~~eligibility~~to of$26,524 at December 31, 2019. Stockholders’ equity was $84,~~500~~200 ~~and~~as ~~general~~of March ~~and~~31, ~~administrative~~2020 ~~expenses~~compared to the shareholders’ deficit of $219,~~376.~~144 as of December 31, 2019.

~~Net~~Cash Flows ~~Loss~~from Operating Activities

~~The~~We have ~~net~~not ~~loss~~generated ~~for~~positive cash flows from operating activities. For the three ~~month~~months ~~period~~ ended ~~September~~March 3031, ~~2019~~2020, net cash flows used in operating activities was $315,~~101~~210. ~~compared~~Net tocash flows used in operating activities was $178,~~383~~195 for the ~~three~~same ~~month~~ period ~~ended~~of ~~September 30, 2018~~2019.

~~Results~~Cash Flows offrom ~~Operations~~Investing ~~for the nine months ended September 30, 2019 compared to the nine months ended September 30, 2018:~~Activities

~~Revenue~~There were ~~and~~no ~~cost~~investing ofactivities ~~goods~~for ~~sold~~the three months ended March 31, 2020 and 2019, respectively.

~~For~~Cash Flows the nine months ended September 30, 2019 the Company did not generate any revenue because the Company did not manufacture any drywall steel studs, compared to the nine month period ended September 30, 2018, when the Company generated total revenue of $8,694 from ~~selling~~Financing ~~drywall steel studs. Cost of revenue for the nine months ended September 30, 2018 was $4,100.~~Activities

~~Operating~~We have ~~expenses~~financed our operations primarily from either advances from stockholders or financing through the sales of securities. For the three months ended March 31, 2020, we received capital contributions of $15,200 from our major shareholder for working capital uses. For the same period of 2019, we received loan proceeds of $5,394 from our then sole officer and director.

Total operating expenses for the nine month period ended September 30, 2019 were $14,327 compared to $29,564 for the nine month period ended September 30, 2018. The operating expenses for the nine month period ended September 30, 2019 included professional fees Plan of ~~$8,450;~~Operation ~~rent of $1,750;~~ and ~~general and administrative expenses of $4,127.~~ Funding

~~The~~Our future ~~operating~~capital ~~expenses~~requirements ~~for~~will ~~the~~depend ~~nine~~on ~~month~~numerous ~~period~~factors ~~ended~~including, ~~September~~but ~~30,~~not ~~2018~~limited ~~included~~to, ~~professional~~the ~~fees~~establishment ~~$15,350;~~and ~~rent~~development of our ~~$1,750;~~new ~~DTC~~smart-home ~~eligibility~~business ofopportunities $8in China. We expect to depend on financing from our majority shareholder to meet our current minimal operating expenses. As we are a start-up company,~~500~~ ~~and~~our ~~general~~operating expenses are limited and ~~administrative~~discretional ~~expenses~~based on the availability of ~~$3,964~~its funds. Management believes that the financing from our majority shareholder will support our planned operations over the next 12 months.

~~Net~~We do ~~Loss~~not have lines of credit or other bank financing arrangements. In connection with our new business plan after the Change of Control, management anticipates operating expenses and capital expenditures relating to: (i) developmental expenses associated with a start-up business and (ii) marketing expenses will be funded primarily by debt or equity financings from our majority shareholder. However, there is no assurance that such funds will be available or available on acceptable terms. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.

~~The net loss for the nine month period ended September 30, 2019 was $14,327 compared to $24,970 for the nine month period ended September 30, 2018.~~11

~~12 | Page~~Material Commitments

~~Liquidity~~Since February 15, 2017 (inception) through December 31, 2019, our former sole officer and ~~Capital~~director ~~Resources~~loaned us $26,524 to pay for incorporation costs and ~~Cash~~operating ~~Requirements~~expenses. As of December 31, 2019, the amount outstanding was $26,524. The loan was non-interest bearing, due upon demand and unsecured. In connection with the Change of Control in January 2020, the loan in the aggregate principal of $26,524 was forgiven by the former officer and director in full.

At September 30, 2019, the Company had total assets of $8,103 ($24,284 as of December 31, 2018). Total assets at September 30, 2019 comprised of $2,506 in cash; $747 in prepaid expenses and $4,850 in equipment.

During the nine month period ended September 30, 2019, the Company used $15,868 of cash in operating activities due to its net loss of $14,327; decrease in accounts payable of $2,198; increase in prepaid expenses of $747 and depreciation of $1,404.

During the nine month period ended September 30, 2018, net cash used by operating activities was $17,726 due to its net loss of $24,970; increase in accounts payable of $6,000; and depreciation of $1,244.

During the nine month period ended September 30, 2019, net cash provided by investing activities was $15,000, received from sale of the equipment.

During the nine month period ended September 30, 2018, the Company used $23,150 cash in investing activities. Cash was used to purchase equipment.

During the nine month period ended September 30, 2019, the Company generated $344 in financing activities, consisted of loans of $6,844 and $6,500 of loan repayment compared to $49,989 during the nine month period ended September 30, 2018, consisted of loans of $23,639 and $26,350 from the sale of common stock.

Off-Balance Sheet Arrangements

WeAs of the date of this report, we do not have noany off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Item 3.

Quantitative and Qualitative Disclosures about Market Risk.

~~As a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item~~Not applicable.

Item 4.

Controls and Procedures.

Disclosure controls ~~Controls~~and procedures are controls and ~~Procedures~~other procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is accumulated and communicated to our Certifying Officer or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure.

WeUnder the ~~maintain~~supervision of our Principal Executive Officer and Principal Financial Officer (the “Certifying Officer”), we evaluated the effectiveness of the design and operation of our disclosure controls and procedures, as defined in ~~Rule~~Rules 13a‐-15(e) and ~~promulgated~~15d-15(e) under the ~~Securities~~ Exchange Act. ofBased ~~1934~~on (the ~~"Exchange Act")~~foregoing, our Certifying Officer concluded that ~~are~~our ~~designed~~disclosure tocontrols ~~ensure~~and procedures ~~that~~were ~~information~~not ~~required~~effective toas beof ~~disclosed~~March by31, us2020 indue to the ~~reports~~material ~~that~~weaknesses wein ~~file~~our orinternal ~~submit~~control ~~under~~over ~~the~~financial ~~Exchange~~reporting, which ~~Act~~are isindicative ~~recorded,~~of ~~processed,~~many ~~summarized~~small companies with small staff: (i) lack of proper segregation of duties and ~~reported~~risk ~~within~~assessment ~~the~~process; (ii) ~~time~~lack ~~periods~~of ~~specified~~formal documentation in ~~the~~internal ~~Securities~~controls ~~and~~over ~~Exchange~~financial ~~Commission's~~reporting; ~~rules~~(iii) lack of multi-level review and ~~forms~~oversight in internal control structure and ~~that~~(iv) ~~such~~lack ~~information~~of isindependent ~~accumulated~~directors and ~~communicated~~an toaudit ~~our~~committee. ~~management,~~We ~~including~~will ~~our~~devote ~~Chief~~resources ~~Executive~~to ~~Officer~~remediate these material weaknesses as we grow and ~~Chief~~such ~~Financial~~resources ~~Officer,~~required asfor ~~appropriate~~implementing toproper ~~allow~~internal ~~timely~~controls ~~decisions~~for ~~regarding~~financial ~~required~~reporting are ~~disclosure~~available.

WeChanges in ~~carried~~Internal ~~out~~Control anover ~~evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief~~ Financial Officer, of the effectiveness of our disclosure controls and procedures as of September 30, 2019. Based on the evaluation of these disclosure controls and procedures, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures was not effective.Reporting

13There have |not ~~Page~~been any changes in our internal controls over financial reporting that occurred during our fiscal quarter ended March 31, 2020 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

~~Changes in Internal Controls over Financial Reporting~~12

~~There~~PART II ~~has~~- ~~been~~OTHER no change in our internal control over financial reporting occurred during this fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.INFORMATION

~~PART~~Item II1. ~~OTHER~~ ~~INFORMATION~~Legal Proceedings.

~~Item 1~~None. ~~LEGAL PROCEEDINGS~~

~~During~~Item the past ten years, none of the following occurred with respect to the President of the Company: (1) any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time; (2) any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses); (3) being subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of any competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting her involvement in any type of business, securities or banking activities; and (4) being found by a court of competent jurisdiction (in a civil action), the SEC or the commodities futures trading commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated1A. WeRisk ~~are not currently a party to any legal proceedings, and we are not aware of any pending or potential legal actions~~Factors.

~~Item~~We are ~~1A.~~a ~~RISK~~smaller ~~FACTORS~~reporting company and accordingly we are not required to provide information required by this Item.

AsItem a2. ~~“smaller~~Unregistered ~~reporting~~Sales ~~company”~~of asEquity ~~defined~~Securities byand ~~Item~~Use 10 of ~~Regulation S-K, we are not required to provide information required by this Item~~Proceeds.

~~Item 2~~None. ~~UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS~~

NoItem ~~unregistered~~3. ~~sales~~Defaults ofUpon ~~equity~~Senior ~~securities took place during the three months ended September 30, 2019~~Securities.

~~Item 3~~None. ~~DEFAULTS UPON SENIOR SECURITIES~~

~~There~~Item ~~were~~4. noMine ~~senior~~Safety ~~securities issued and outstanding during the three months ended September 30, 2019~~Disclosures.

~~Item 4~~Not applicable. ~~MINE SAFETY DISCLOSURE~~

~~Not~~Item ~~applicable~~5. toOther ~~our Company~~Information.

~~Item 5~~Not applicable. ~~OTHER INFORMATION~~

~~There~~Item is6. ~~no other information required to be disclosed under this item which was not previously disclosed~~Exhibits.

Item 6. EXHIBITS

Number		Description

31.1*		Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1**		Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS*		XBRL Instance Document
101.SCH*		XBRL Taxonomy Extension Schema Document
101.CAL*		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF*		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB*		XBRL Taxonomy Extension Label Linkbase Document
101.PRE*		XBRL Taxonomy Extension Presentation Linkbase Document

~~The following exhibits are included as part of this report by reference:~~*Filed herewith.

Exhibit No.		Description
31.1		Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
32.1		Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

**Furnished herewith.

~~14 | Page~~13

SIGNATURES

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

	EXENT CORP.
	Exent Corp.
Dated: November 6, 2019	By:	/s/	Marat Asylbekov
Dated: May 15, 2020	By:	/s/ Li Deng
		Name:	Marat Asylbekov
		Name: Li Deng
		Title:	President, Treasurer and Secretary
		Title: President, Treasurer and Secretary (Principal Executive Officer and Principal Financial and Accounting Officer)
			(Principal Executive, Financial and Accounting Officer)

~~15 | Page~~14

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarter ended: September 30, 2019

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period from ___________ to____________

Commission File Number: 333-222829

EXENT CORP.

(Exact name of registrant as specified in its charter)

Nevada

(State or Other Jurisdiction of Incorporation or Organization)

35-2611667 IRS Employer Identification Number 3444 Primary Standard Industrial Classification Code Number

Exent Corp.

Stroitelnaya str. 9-1, Ivanovka

Chui region, Kyrgyzstan 72000

Tel. +996555158151

(Address and telephone number of principal executive offices)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months, and (2) has been subject to such filing requirements for the past 90 days.

Yes [X] No [ ]

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

Large accelerated filer Accelerated filer Non-accelerated filer X Emerging growth company X Smaller reporting company X

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [ ] No [X] .

As of November 5, 2019, there were 2,027,000 shares outstanding of the registrant’s common stock.

1 | Page

		Page
PART I	FINANCIAL INFORMATION:
Item 1.	Financial Statements	3
	Balance Sheets as of September 30, 2019 (unaudited) and December 31, 2018	3
	Statements of Operations for the three and nine month periods ended September 30, 2019 and 2018 (unaudited)	4
	Statements of changes in stockholders’ equity for the three and nine months ended September 30, 2019 and 2018 (unaudited)
	Statements of Cash Flows for the nine months ended September 30, 2019 and 2018 (unaudited)	5
	Notes to the Financial Statements (unaudited)	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	10
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	11
Item 4.	Controls and Procedures	12
PART II	OTHER INFORMATION:
Item 1.	Legal Proceedings	12
Item 1A	Risk Factors	13
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	13
Item 3.	Defaults Upon Senior Securities	13
Item 4.	Mine Safety Disclosure.	13
Item 5.	Other Information	13
Item 6.	Exhibits	13
	Signatures	13

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PART I – FINANCIAL INFORMATION

Item 1. Financial statements

In the opinion of management, the financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, statements of changes in stockholders’ equity and cash flows of the Company for the interim periods presented.

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EXENT CORP. BALANCE SHEETS
		September 30, 2019 (Unaudited)	December 31, 2018 (Audited)
ASSETS
Current Assets
	Cash	$ 2,506	$ 3,030
	Prepaid expenses	747	-
	Total Current assets	3,253	3,030
Capital Assets
	Equipment, net of depreciation	4,850	21,254
	Total Capital assets	4,850	21,254
Total Assets		$ 8,103	$ 24,284
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
	Loan from related parties	$ 24,207	$ 23,863
	Accounts Payable	-	2,198
Total Liabilities		24,207	26,061
Commitments and Contingencies		-	-
Stockholders’ Equity
	Common stock, $0.001 par value, 75,000,000 shares authorized;
	2,027,000 and 2,027,000 shares issued and outstanding as of September 30, 2019 and December 31, 2018 respectively	2,027	2,027
	Additional paid-in-capital	25,823	25,823
	Accumulated Deficit	(43,954)	(29,627)
Total Stockholders’ Equity		(16,104)	(1,777)
Total Liabilities and Stockholders’ Equity		$ 8,103	$ 24,284

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

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EXENT CORP. STATEMENTS OF OPERATIONS (Unaudited)
	For the three months ended September 30, 2019	For the three months ended September 30, 2018	For the nine months ended September 30, 2019	For the nine months ended September 30, 2018
Revenue	$ -	$ 3,678	$ -	$ 8,694
Cost of sales	-	1,735	-	4,100
Gross profit	-	1,943	-	4,594
Operating expenses
Professional fees	$ 2,000	$ 7,400	$ 8,450	15,350
Rent	-	1,050	1,750	1,750
DTC eligibility	-	8,500	-	8,500
General and administrative expenses	1,101	2,376	4,127	3,964
Net loss from operations	(3,101)	(17,383)	(14,327)	(24,970)
Loss before taxes	(3,101)	(17,383)	(14,327)	(24,970)
Provision for taxes	-	-	-	-
Net loss	$ (3,101)	$ (17,383)	$ (14,327)	$ (24,970)
Loss per common share: Basic and Diluted	$ (0.00)	$ (0.01)	$ (0.01)	$ (0.01)
Weighted Average Number of Common Shares Outstanding: Basic and Diluted	2,027,000	2,027,000	2,027,000	1,732,113

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

5 | Page

EXENT CORP. STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2019 AND 2018 (UNAUDITED)
	Number of Common Shares	Amount	Additional Paid-in- Capital	Deficit accumulated	Total
Balances as of December 31, 2017	1,500,000	$ 1,500	$ -	$ (224)	$ 1,276
Net loss for three months ended March 31, 2018	-			(6,823)	(6,823)
Balances as of March 31, 2018	1,500,000	$1,500	$ -	$ (7,047)	$ (5,547)
Common Shares issued for cash at $0.05 per share	527,000	527	25,823	-	26,350
Net loss for three months ended June 30, 2018	-	-	-	(764)	(764)
Balances as of June 30, 2018	2,027,000	2,027	$ 25,823	$ (7,811)	$ 20,039
Net loss for three months ended September 30, 2018	-	-	-	(17,383)	(17,383)
Balances as of September 30, 2018	2,027,000	2,027	$ 25,823	$ (25,194)	$ 2,656
Net loss for three months ended December 31, 2018	-	-	-	(4,433)	(4,433)
Balances as of December 31, 2018	2,027,000	$ 2,027	$ 25,823	$ (29,627)	$ (1,777)
Net loss for three months ended March 31, 2019	-	-	-	(6,649)	(6,649)
Balances as of March 31, 2019	2,027,000	$ 2,027	$ 25,823	$ (36,276)	$ (8,426)
Net loss for three months ended June 30, 2019	-	-	-	(4,577)	(4,577)
Balances as of June 30, 2019	2,027,000	$ 2,027	$ 25,823	$ (40,853)	$ (13,003)
Net loss for three months ended September 30, 2019	-	-	-	(3,101)	(3,101)
Balances as of September 30, 2019	2,027,000	$ 2,027	$ 25,823	$ (43,954)	$ (16,104)

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

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EXENT CORP. STATEMENTS OF CASH FLOWS (Unaudited)
		For the nine months ended September 30, 2019	For the nine months ended September 30, 2018
Operating Activities
	Net loss	$ (14,327)	$ (24,970)
	Depreciation expense	1,404	1,244
	Decrease (increase) in prepaid expenses	(747)	-
	Increase (Decrease) in accounts payable	(2,198)	6,000
	Net cash (used in) provided by operating activities	(15,868)	(17,726)
Investing Activities
Purchase of capital assets		-	(23,150)
Sale of Capital Assets		15,000	-
Net cash provided by (used in) investing activities		15,000	(23,150)
Financing Activities
	Proceeds from sale of common stock	-	26,350
	Proceeds from loan from shareholder	6,844	23,639
	Loan repayment	(6,500)	-
	Net cash provided by financing activities	344	49,989
Net decrease in cash and equivalents		(524)	9,113
Cash and equivalents at beginning of the period		3,030	1,500
Cash and equivalents at end of the period		$ 2,506	$ 10,613
	Supplemental cash flow information:
	Cash paid for:
	Interest	$ -	$ -
	Taxes	$ -	$ -

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

7 | Page

Filing Compare · EXENT CORP.