CN Dragon (DRGN) 10-Q/A 27 Aug 14 2015 Q1 Quarterly report (amended) Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Jun. 30, 2014
Document and Entity Information	'
Entity Registrant Name	'CN Dragon Corp
Document Type	'10-Q
Document Period End Date	30-Jun-14
Amendment Flag	'false
Entity Central Index Key	'0001164012
Current Fiscal Year End Date	'--03-31
Entity Common Stock, Shares Outstanding	81,010,491
Entity Filer Category	'Smaller Reporting Company
Entity Current Reporting Status	'Yes
Entity Voluntary Filers	'No
Entity Well-known Seasoned Issuer	'No
Document Fiscal Year Focus	'2015
Document Fiscal Period Focus	'Q1

CONSOLIDATED_BALANCE_SHEETS_Un

CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Current assets	'	'
Cash and cash equivalents	$1,263	$2,785
Deposits and prepaid expense	6,164	6,159
Other receivables	63,324	43,583
Total current assets	70,751	52,527
Property, plant and equipment, net	19,399	22,185
TOTAL ASSETS	90,150	74,712
Current liabilities	'	'
Accounts payable	85,104	45,989
Accrued liabilities	252,638	252,423
Loans payable to shareholders	722,499	694,649
Other payables	1,000	1,000
Total current liabilities	1,061,241	994,061
TOTAL LIABILITIES	1,061,241	994,061
STOCKHOLDERS' EQUITY	'	'
Preferred Stock, $0.001 par value, 375,000,000 shares authorized,no share issued and outstanding	0	0
Common stock - $0.001 par value 250,000,000 shares authorized;81,010,491 shares issued and outstanding as of June 30, 2014 and March 31, 2014	81,011	81,011
Additional paid-in capital	7,029,442	7,029,442
Accumulated deficits	-9,646,007	-9,595,006
Accumulated other comprehensive income	1,564,463	1,565,204
TOTAL STOCKHOLDERS EQUITY	-971,091	-919,349
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	$90,150	$74,712

CONSOLIDATED_BALANCE_SHEETS_PA

CONSOLIDATED BALANCE SHEETS PARENTHETICALS(Unaudited) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Balancesheet parentheticals	'	'
Preferred stock par value	$0.00	$0.00
Preferred stock shares authorized	375,000,000	375,000,000
Preferred stock shares issued	0	0
Preferred stock shares outstanding	0	0
Common stock par value	$0.00	$0.00
Common stock shares authorized	250,000,000	250,000,000
Common stock shares issued	81,010,491	81,010,491
Common stock shares outstanding	81,010,491	81,010,491

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
REVENUES	'	'
Net revenues	$4,526	$29,933
Cost of net revenues	0	0
Gross profit	4,526	29,933
Operating expenses:	'	'
General and administrative	-55,527	-93,062
Loss before income taxes	-51,001	-63,129
Income taxes	0	0
Net loss	-51,001	-63,129
Other comprehensive income:	'	'
Foreign currency translation Adjustments	-741	15,893
Comprehensive gain (loss)	($51,742)	($47,236)
Basic and diluted loss per share	($0.00)	($0.00)
Weighted average number of share outstanding	81,010,491	81,010,491

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (USD $)	Preferred stock Number of share	Common stock Number of Share	Common stock Amount	Additional paid in capital	Accumulated deficit	Accumulated other comprehensive income	Total
					USD ($)	USD ($)	USD ($)
Balance at Apr. 01, 2013	0	81,010,491	81,011	7,029,442	-9,403,745	1,620,516	-672,776
Net loss	'	'	'	'	($191,261)	'	($191,261)
Foreign currency translation adjustment	'	'	'	'	'	-55,312	-55,312
Balance at Mar. 31, 2014	'	81,010,491	81,011	7,029,442	-9,595,006	1,565,204	-919,349
Balance at Apr. 01, 2014	'	81,010,491	81,011	7,029,442	-9,595,006	1,565,204	-919,349
Net loss	'	'	'	'	-51,001	'	-51,001
Foreign currency translation adjustment	'	'	'	'	'	($741)	($741)
Balance at Jun. 30, 2014	'	81,010,491	81,011	7,029,442	-9,646,007	1,564,463	971,091

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities	'	'
Net loss	($51,001)	($63,129)
Depreciation	2,827	2,872
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Deposits and prepaid expense net	-47	-21,117
Other receivables	-19,741	0
Accrued liabilities	215	-9,332
Amount due to a director	27,851	72,895
Accounts payable	39,115	0
Net cash used in operating activities	-781	-17,811
Cash flows from investing activities	'	'
Purchase of plant and equipment	0	0
Net cash used in investing activities	0	0
Net cash provided by financing activities	0	0
Net cash and cash equivalents sourced (used)	-781	-17,811
Effect of foreign currency translation on cash and cash equivalents	-741	15,849
Cash and cash equivalents - beginning of period	2,785	9,446
Cash and cash equivalents - end of period	$1,263	$7,484

ORGANIZATION_AND_PRINCIPAL_ACT

ORGANIZATION AND PRINCIPAL ACTIVITIES	3 Months Ended
	Jun. 30, 2014
ORGANIZATION AND PRINCIPAL ACTIVITIES	'
ORGANIZATION AND PRINCIPAL ACTIVITIES	'
	1.ORGANIZATION AND PRINCIPAL ACTIVITIES
	CN Dragon Corporation (“the Company”) was incorporated under the laws of the State of Nevada on August 30, 2001, under the name Infotec Business Systems, Inc. On June 8, 2007, we changed our name to Wavelit, Inc. On September 14, 2009, we changed our name to CN Dragon Corporation and began new business operations in the PRC.
	On May 17, 2010, pursuant to the terms of the Agreement for Share Exchange, the Company acquired CNDC Corporation (“CNDC BVI”), and its wholly-owned subsidiaries, CN Dragon Holdings Limited (“CN Dragon Holdings”) and Zhengzhou Dragon Business Limited (“Zhengzhou Dragon”). This transaction was accounted for as a “reverse merger” with CNDC BVI deemed to be the accounting acquirer and the Company as the legal acquirer.  Consequently, the assets and liabilities and the historical operations that will be reflected in the financial statements for periods prior to the Share Exchange will be those of CNDC BVI, recorded at its historical cost basis. After completion of the Share Exchange, the Company’s consolidated financial statements will include the assets and liabilities of both the Company and CNDC BVI, the historical operations of CNDC BVI and the operations of the Company and its subsidiaries from the closing date of the Share Exchange. The Zhengzhou Dragon was de-registered on July 12, 2010.
	CNDC BVI was established under the laws of the British Virgin Islands on March 26, 2008. The Company currently operates through itself and subsidiary, CN Dragon Holdings Limited which was incorporated in Hong Kong.
	The Company and its subsidiaries (hereinafter, collectively referred to as (the “Group”) are engaged and specialized in investment, development and fund management in hospitality properties, as well as advisory and consulting services to the hospitality, tourism and real estate industries in the PRC.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jun. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	(a) Method of Accounting
	The Group maintains its general ledger and journals with the accrual method of accounting for financial reporting purposes.  The financial statements and notes are representations of management.  Accounting policies adopted by the Group conform to generally accepted accounting principles in the United States of America and have been consistently applied in the presentation of financial statements.
	(b) Principles of Consolidation
	The consolidated financial statements are presented in US Dollars and include the accounts of the Company and its subsidiaries.  All significant inter-company balances and transactions are eliminated in consolidation.
	The Company owned its subsidiaries soon after its reverse merger and continued to own the equity’s interests through June 30, 2014.  The following table depicts the identity of the subsidiaries:
				Share capital/
		Place & date of Incorporation	Attributable equity	registered
	Name of subsidiary	incorporation	interest %	capital
	CNDC Corporation	British Virgin Islands/
		26-Mar-08	100	US$1
	CN Dragon Holdings Limited	Hong Kong/Mar 5, 2008	100	HK$1
	(c) Economic and political risks.
	The Group’s operations are conducted in Hong Kong and the PRC. Accordingly, the Group’s business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC economy.
	The Group’s operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Group’s results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation, among other things.
	(d) Property, plant and equipment
	Property, plant and equipment are carried at cost less accumulated depreciation.  Depreciation is provided over their estimated useful lives, using the straight-line method.
	The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the statement of income. The cost of maintenance and repairs is charged to income as incurred, whereas significant renewals and betterments are capitalized.
	(e)  Trade receivables
	Trade receivables are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An allowance for uncollectible accounts is maintained for all customers in considering with a variety of factors, including the length of past due, significant one-time events and the Group’s historical experience. Bad debts are written off as incurred.
	(f) Accounting for the impairment of long-lived assets
	The Group periodically evaluates the carrying value of long-lived assets to be held and used, including intangible assets subject to amortization, when events and circumstances warrant such a review, pursuant to the guidelines established in ASC 360. The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair market value of the long-lived asset. Fair market value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair market values are reduced for the cost to dispose.
	During the reporting period, there was no impairment loss.
	(g) Foreign currency translation
	The accompanying financial statements are presented in United States dollars. The functional currency of the Group is the Hong Kong dollars (HKD) and Renminbi (RMB).  The financial statements are translated into United States dollars from HKD and RMB at year-end exchange rates as to assets and liabilities and average exchange rates as to revenues and expenses. Capital accounts are translated at their historical exchange rates when the capital transactions occurred.
	Period ended	30-Jun-14	30-Jun-13
	RMB : USD exchange rate	6.1565	6.1732
	Average three-month ended
	RMB : USD exchange rate	6.1658	6.2025
	Period ended	30-Jun-14	30-Jun-13
	HKD : USD exchange rate	7.7514	7.7557
	Average three month ended
	HKD : USD exchange rate	7.753	7.7615
	The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions.  No representation is made that the RMB amounts could have been, or could be, converted into US$ at the rates used in translation.
	(h) Cash and cash equivalents
	The Group considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. The Group maintains bank accounts only in Hong Kong. The Group does not maintain any bank accounts in the United States of America.
	(i) Revenue Recognition
	Revenue is recognized when all of the following criteria are met:
	- Persuasive evidence of an arrangement exists;
	- Delivery has occurred or services have been rendered;
	- The seller’s price to the buyer is fixed or determinable; and
	- Collection is reasonably assured.
	(j) Operating lease rental
	The Group did not have leases which met the criteria of a capital lease. Leases which do not qualify as capital leases are classified as operating leases. Operating lease rental payment has nil and nil included in general and administrative expenses for the periods ended June 30, 2014 and 2013 respectively.
	(k) Income taxes
	The Group accounts for income taxes using an asset and liability approach and allows for recognition of deferred tax benefits in future years.  Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.  A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Group is able to realize their benefits, or that future realization is uncertain.
	(l)  Cash and concentration of risk
	Cash includes cash on hand and demand deposits in bank accounts maintained within Hong Kong.   The Group has not experienced any losses in such accounts and believes it is not exposed to any risks on its cash in bank accounts.
	(m) Comprehensive income
	Comprehensive income is defined to include all changes in equity except those resulting from investments by owners and distributions to owners.  Among other disclosures, all items that are required to be recognized under current accounting standards as components of comprehensive income are required to be reported in a financial statement that is presented with the same prominence as other financial statements.  The Group’s current component of comprehensive income is net income and foreign currency translation adjustment.
	(n) Recent accounting pronouncements
	The FASB has issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606), and the IASB has issued IFRS 15, Revenue from Contracts with Customers. The issuance of these documents completes the joint effort by the FASB and the IASB to improve financial reporting by creating common revenue recognition guidance for U.S. GAAP and IFRS.
	This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition—Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, Property, Plant, and Equipment, and intangible assets within the scope of Topic 350, Intangibles—Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU.
	The core principle of the guidance 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 to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps:
	-Step 1: Identify the contract(s) with a customer.
	-Step 2: Identify the performance obligations in the contract.
	-Step 3: Determine the transaction price.
	-Step 4: Allocate the transaction price to the performance obligations in the contract.
	-Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.
	For a public entity, the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted.
	For all other entities (nonpublic entities), the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018. A nonpublic entity may elect to apply this guidance earlier, however, only as of the following:
	-An annual reporting period beginning after December 15, 2016, including interim periods within that reporting period (public entity effective date);
	-An annual reporting period beginning after December 15, 2016, and interim periods within annual periods beginning after December 15, 2017; or
-An annual reporting period beginning after December 15, 2017, including interim periods within that reporting period.
An entity should apply the amendments in this ASU using one of the following two methods:
1. Retrospectively to each prior reporting period presented and the entity may elect any of the following practical expedients:
-For completed contracts, an entity need not restate contracts that begin and end within the same annual reporting period.
-For completed contracts that have variable consideration, an entity may use the transaction price at the date the contract was completed rather than estimating variable consideration amounts in the comparative reporting periods.
-For all reporting periods presented before the date of initial application, an entity need not disclose the amount of the transaction price allocated to remaining performance obligations and an explanation of when the entity expects to recognize that amount as revenue.
2. Retrospectively with the cumulative effect of initially applying this ASU recognized at the date of initial application. If an entity elects this transition method, it also should provide the additional disclosures in reporting periods that include the date of initial application of:
-The amount by which each financial statement line item is affected in the current reporting period by the application of this ASU as compared to the guidance that was in effect before the change.
-An explanation of the reasons for significant changes.

PROPERTY_PLANT_AND_EQUIPMENT_N

PROPERTY, PLANT AND EQUIPMENT, NET	3 Months Ended
	Jun. 30, 2014
PROPERTY, PLANT AND EQUIPMENT, NET	'
PROPERTY, PLANT AND EQUIPMENT, NET	'
	3.   PROPERTY, PLANT AND EQUIPMENT, NET
	Details of property, plant and equipment, net are as follows:
			As at		As at
			30-Jun-14		31-Mar-14
	At cost
	Office equipment	$	35,749	$	35,749
	Motor vehicles		15,199		15,199
	Exchange gain/(loss)		81		40
			51,029		50,988
	Less: accumulated depreciation		-31,630		-28,803
		$	19,399	$	22,185
	Depreciation expenses are included in the statements of income as follows:
			For the period ended		For the year ended
			30-Jun-14		31-Mar-14
	General and administrative expenses	$	2,827	$	11,424

AMOUNT_DUE_TO_THE_RELATED_COMP

AMOUNT DUE TO THE RELATED COMPANY	3 Months Ended
	Jun. 30, 2014
AMOUNT DUE TO THE RELATED COMPANY:	'
AMOUNT DUE TO THE RELATED COMPANY	'
	4.  AMOUNT DUE TO THE RELATED COMPANY
	The amount due to the related company, is unsecured, interest free and repayable on demand

EARNING_PER_SHARE

EARNING PER SHARE	3 Months Ended
	Jun. 30, 2014
EARNING PER SHARE	'
EARNING PER SHARE	'
	5.  EARNING PER SHARE
	The calculation of the basic and diluted earnings per share attributable to the share capital holder is based on the following data:
			For the periods ended
			June 30,
			2014		2013
	Earnings (Loss):
	Earnings for the purpose of basic earnings (loss) per share	$	-51,001	$	-63,129
	Effect of dilutive potential share capital		-		-
	Earnings for the purpose of diluted earnings (loss) per
	share	$	-51,001	$	-63,129
	Number of shares:
	Weighted average number of share capital for the purpose
	of basic earnings (loss) per share		81,010,491		45,158,291
	Effect of dilutive potential share capital		-		-
	Weighted average number of share capital for the purpose
	of dilutive earnings (loss) per share		81,010,491		45,158,291

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Jun. 30, 2014
INCOME TAXES	'
INCOME TAXES	'
	6.  INCOME TAXES
	The Company is not subject to any income tax as there are no estimated profitable or assessable profits for the quarter ended June 30, 2014 and 2013.
	Pursuant to Hong Kong tax law, CN Dragon Holdings Limited is subjected to profits tax imposed at the rate of 16.5%.  No Hong Kong profits tax is provided as there are no estimated assessable profits for the quarters ended June 30, 2014 and 2013.
	No deferred tax has been provided as there is no material temporary difference arising for the quarters ended June 30, 2014 and 2013

UNCERTAINTY_OF_ABILITY_TO_CONT

UNCERTAINTY OF ABILITY TO CONTINUE AS A GOING CONCERN	3 Months Ended
	Jun. 30, 2014
UNCERTAINTY OF ABILITY TO CONTINUE AS A GOING CONCERN	'
UNCERTAINTY OF ABILITY TO CONTINUE AS A GOING CONCERN	'
	7.  UNCERTAINTY OF ABILITY TO CONTINUE AS A GOING CONCERN
	The Company's financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not generated significant revenues since inception and has never paid any dividends and is unlikely to pay dividends or generate significant earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the ability of the Company to obtain necessary equity financing to continue operations and the attainment of profitable operations. The management will seek to raise funds from shareholders.
	For the period ended June 30, 2014, the Company has generated revenue of $4,526 and has incurred an accumulated deficit $9,646,007. As of June 30, 2014, its current liabilities exceed its current assets by $990,490, which may not be sufficient to pay for the operating expenses in the next 9 months. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. These factors noted above raise substantial doubts regarding the Company's ability to continue as a going concern.

SUBSEQUENT_EVENT

SUBSEQUENT EVENT	3 Months Ended
	Jun. 30, 2014
SUBSEQUENT EVENT	'
SUBSEQUENT EVENT	'
	8.  SUBSEQUENT EVENT
	The Company has evaluated all other subsequent events through August 17, 2014, the date these consolidated financial statements were issued, and determined that there were no other subsequent events or transactions that require recognition or disclosures in the financial statements.

Accounting_Policies_Policies

Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2014
Accounting Policies	'
Method of Accounting	'
	a) Method of Accounting
	The Group maintains its general ledger and journals with the accrual method of accounting for financial reporting purposes.  The financial statements and notes are representations of management.  Accounting policies adopted by the Group conform to generally accepted accounting principles in the United States of America and have been consistently applied in the presentation of financial statements.
Principles of consolidation Policy	'
	(b) Principles of Consolidation
	The consolidated financial statements are presented in US Dollars and include the accounts of the Company and its subsidiaries.  All significant inter-company balances and transactions are eliminated in consolidation.
	The Company owned its subsidiaries soon after its reverse merger and continued to own the equity’s interests through June 30, 2014.  The following table depicts the identity of the subsidiaries:
				Share capital/
		Place & date of Incorporation	Attributable equity	registered
	Name of subsidiary	incorporation	interest %	capital
	CNDC Corporation	British Virgin Islands/
		26-Mar-08	100	US$1
	CN Dragon Holdings Limited	Hong Kong/Mar 5, 2008	100	HK$1
Economic and political risks	'
	(c) Economic and political risks.
	The Group’s operations are conducted in Hong Kong and the PRC. Accordingly, the Group’s business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC economy.
	The Group’s operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Group’s results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation, among other things.
Property, Plant and Equipment Policy	'
	(d) Property, plant and equipment
	Property, plant and equipment are carried at cost less accumulated depreciation.  Depreciation is provided over their estimated useful lives, using the straight-line method.
	The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the statement of income. The cost of maintenance and repairs is charged to income as incurred, whereas significant renewals and betterments are capitalized.
Trade Receivables	'
	(e)  Trade receivables
	Trade receivables are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An allowance for uncollectible accounts is maintained for all customers in considering with a variety of factors, including the length of past due, significant one-time events and the Group’s historical experience. Bad debts are written off as incurred
Accounting for the impairment of long-lived assets	'
	(f) Accounting for the impairment of long-lived assets
	The Group periodically evaluates the carrying value of long-lived assets to be held and used, including intangible assets subject to amortization, when events and circumstances warrant such a review, pursuant to the guidelines established in ASC 360. The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair market value of the long-lived asset. Fair market value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair market values are reduced for the cost to dispose.
	During the reporting period, there was no impairment loss.
Foreign Currency Translations	'
	g) Foreign currency translation
	The accompanying financial statements are presented in United States dollars. The functional currency of the Group is the Hong Kong dollars (HKD) and Renminbi (RMB).  The financial statements are translated into United States dollars from HKD and RMB at year-end exchange rates as to assets and liabilities and average exchange rates as to revenues and expenses. Capital accounts are translated at their historical exchange rates when the capital transactions occurred.
	Period ended	30-Jun-14	30-Jun-13
	RMB : USD exchange rate	6.1565	6.1732
	Average three-month ended
	RMB : USD exchange rate	6.1658	6.2025
	Period ended	30-Jun-14	30-Jun-13
	HKD : USD exchange rate	7.7514	7.7557
	Average three month ended
	HKD : USD exchange rate	7.753	7.7615
	The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions.  No representation is made that the RMB amounts could have been, or could be, converted into US$ at the rates used in translation.
Cash and Cash Equivalents Policy	'
	(h) Cash and cash equivalents
	The Group considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. The Group maintains bank accounts only in Hong Kong. The Group does not maintain any bank accounts in the United States of America.
Revenue Recognition	'
	(i) Revenue Recognition
	Revenue is recognized when all of the following criteria are met:
	- Persuasive evidence of an arrangement exists;
	- Delivery has occurred or services have been rendered;
	- The seller’s price to the buyer is fixed or determinable; and
	- Collection is reasonably assured.
Operating lease rental	'
	(j) Operating lease rental
	The Group did not have leases which met the criteria of a capital lease. Leases which do not qualify as capital leases are classified as operating leases. Operating lease rental payment has nil and nil included in general and administrative expenses for the periods ended June 30, 2014 and 2013 respectively.
Income Taxes Policy	'
	(k) Income taxes
	The Group accounts for income taxes using an asset and liability approach and allows for recognition of deferred tax benefits in future years.  Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.  A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Group is able to realize their benefits, or that future realization is uncertain.
Cash and concentration of risk	'
	(l)  Cash and concentration of risk
	Cash includes cash on hand and demand deposits in bank accounts maintained within Hong Kong.   The Group has not experienced any losses in such accounts and believes it is not exposed to any risks on its cash in bank accounts.
Comprehensive income Policy	'
	(m) Comprehensive income
	Comprehensive income is defined to include all changes in equity except those resulting from investments by owners and distributions to owners.  Among other disclosures, all items that are required to be recognized under current accounting standards as components of comprehensive income are required to be reported in a financial statement that is presented with the same prominence as other financial statements.  The Group’s current component of comprehensive income is net income and foreign currency translation adjustment.
Recent accounting pronouncements	'
	(n) Recent accounting pronouncements
	The FASB has issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606), and the IASB has issued IFRS 15, Revenue from Contracts with Customers. The issuance of these documents completes the joint effort by the FASB and the IASB to improve financial reporting by creating common revenue recognition guidance for U.S. GAAP and IFRS.
	This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition—Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, Property, Plant, and Equipment, and intangible assets within the scope of Topic 350, Intangibles—Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU.
	The core principle of the guidance 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 to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps:
	-Step 1: Identify the contract(s) with a customer.
	-Step 2: Identify the performance obligations in the contract.
	-Step 3: Determine the transaction price.
	-Step 4: Allocate the transaction price to the performance obligations in the contract.
	-Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.
	For a public entity, the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted.
	For all other entities (nonpublic entities), the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018. A nonpublic entity may elect to apply this guidance earlier, however, only as of the following:
	-An annual reporting period beginning after December 15, 2016, including interim periods within that reporting period (public entity effective date);
	-An annual reporting period beginning after December 15, 2016, and interim periods within annual periods beginning after December 15, 2017; or
	-An annual reporting period beginning after December 15, 2017, including interim periods within that reporting period.
	An entity should apply the amendments in this ASU using one of the following two methods:
	1. Retrospectively to each prior reporting period presented and the entity may elect any of the following practical expedients:
	-For completed contracts, an entity need not restate contracts that begin and end within the same annual reporting period.
	-For completed contracts that have variable consideration, an entity may use the transaction price at the date the contract was completed rather than estimating variable consideration amounts in the comparative reporting periods.
	-For all reporting periods presented before the date of initial application, an entity need not disclose the amount of the transaction price allocated to remaining performance obligations and an explanation of when the entity expects to recognize that amount as revenue.
	2. Retrospectively with the cumulative effect of initially applying this ASU recognized at the date of initial application. If an entity elects this transition method, it also should provide the additional disclosures in reporting periods that include the date of initial application of:
	-The amount by which each financial statement line item is affected in the current reporting period by the application of this ASU as compared to the guidance that was in effect before the change.
	-An explanation of the reasons for significant changes.

Following_table_depicts_the_id

Following table depicts the identity of the subsidiaries (Tables)	3 Months Ended
	Jun. 30, 2014
Following table depicts the identity of the subsidiaries	'
Following table depicts the identity of the subsidiaries	'
				Share capital/
		Place & date of Incorporation	Attributable equity	registered
	Name of subsidiary	incorporation	interest %	capital
	CNDC Corporation	British Virgin Islands/
		26-Mar-08	100	US$1
	CN Dragon Holdings Limited	Hong Kong/Mar 5, 2008	100	HK$1

Foreign_currency_translation_A

Foreign currency translation As Follows (Tables)	3 Months Ended
	Jun. 30, 2014
Foreign currency translation As Follows	'
Foreign currency translation As Follows	'
	Period ended	30-Jun-14	30-Jun-13
	RMB : USD exchange rate	6.1565	6.1732
	Average three-month ended
	RMB : USD exchange rate	6.1658	6.2025
	Period ended	30-Jun-14	30-Jun-13
	HKD : USD exchange rate	7.7514	7.7557
	Average three month ended
	HKD : USD exchange rate	7.753	7.7615

Property_Plant_And_Equipment_A

Property Plant And Equipment Are As Follows (Tables)	3 Months Ended
	Jun. 30, 2014
Property Plant And Equipment Are As Follows:	'
Property, plant and equipment, net are as follows	'
			As at		As at
			30-Jun-14		31-Mar-14
	At cost
	Office equipment	$	35,749	$	35,749
	Motor vehicles		15,199		15,199
	Exchange gain/(loss)		81		40
			51,029		50,988
	Less: accumulated depreciation		-31,630		-28,803
		$	19,399	$	22,185
Depreciation expenses are included in the statements of income as follows	'
	Depreciation expenses are included in the statements of income as follows:
			For the period ended		For the year ended
			30-Jun-14		31-Mar-14
	General and administrative expenses	$	2,827	$	11,424

Earning_Per_share_Tables

Earning Per share (Tables)	3 Months Ended
	Jun. 30, 2014
Earning Per share	'
Earnings Per Share	'
	The calculation of the basic and diluted earnings per share attributable to the share capital holder is based on the following data:
			For the periods ended
			June 30,
			2014		2013
	Earnings (Loss):
	Earnings for the purpose of basic earnings (loss) per share	$	-51,001	$	-63,129
	Effect of dilutive potential share capital		-		-
	Earnings for the purpose of diluted earnings (loss) per
	share	$	-51,001	$	-63,129
	Number of shares:
	Weighted average number of share capital for the purpose
	of basic earnings (loss) per share		81,010,491		45,158,291
	Effect of dilutive potential share capital		-		-
	Weighted average number of share capital for the purpose
	of dilutive earnings (loss) per share		81,010,491		45,158,291

Recovered_Sheet1

Summary of Significant Accounting Policies Foreign Currency Translation (Details)	Jun. 30, 2014	Jun. 30, 2013
Summary of Significant Accounting Policies Foreign Currency Translation	'	'
Period ended RMB: USD exchange rate	6.1565	6.1732
Average period ended RMB:USD exchange rate	6.1658	6.2025
Period ended HKD:USD exchange rate	7.7514	7.7557
Average period ended HKD:USD exchange rate	7.753	7.7615

Recovered_Sheet2

Property Plant And Equipment, Net (Details) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Property Plant And Equipment Net	'	'
Office equipment At Cost	$35,749	$35,749
Motor vehicle	15,199	15,199
Exchange translation	81	40
Property Plant And Equipment Gross	51,029	50,988
Less: accumulated depreciation	-31,630	-28,803
Property, plant and equipment, net;	$19,399	$22,185

Property_Plant_And_Equipment_N1

Property Plant And Equipment Net Depreciation Expense (Details) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Property Plant And Equipment Net Depreciation Expense	'	'
General and administratives expense.	$2,827	$11,424

Earning_Per_Share_Calucation_o

Earning Per Share Calucation of the basic and diluted earnings per share (Details) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Earning Per Share Calucation of the basic and diluted earnings per share	'	'
Earnings for the purpose of basic earnings (loss) per share	($51,001)	($63,129)
Effect of dilutive potential share capital	$0	$0
Earnings for the purpose of diluted earnings (loss) per Share	-51,001	-63,129
Weighted average number of share capital for the purpose of basic earnings (loss) per share	81,010,491	45,158,291
Effect of dilutive potential share capital.	$0	$0
Weighted average number of share capital for the purpose of dilutive earnings (loss) per share	81,010,491	45,158,291

INCOME_TAXES_Details

INCOME TAXES (Details)	3 Months Ended
	Jun. 30, 2014
Tax Details	'
CN Dragon Holdings Limited is subjected to profits tax imposed at the rate	16.50%

Unceratinity_Of_Ability_To_Con

Unceratinity Of Ability To Continue As A Going Concern (Details) (USD $)	3 Months Ended
	Jun. 30, 2014
Unceratinity Of Ability To Continue As A Going Concern	'
Revenue	$4,526
Accumulated deficit.	$9,646,007

Current_Liabilities_exceed_its

Current Liabilities exceed its current assets (Details) (USD $)	Jun. 30, 2014
Liabilities exceeds assets	'
Current Liabilities exceed its current assets by	$990,490