Yinfu Gold (ELRE) 10-Q 8 Jul 16 2014 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2014	Jul. 07, 2016
Document And Entity Information
Entity Registrant Name	YINFU GOLD CORP.
Entity Central Index Key	1,438,461
Document Type	10-Q
Document Period End Date	Jun. 30, 2014
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		991,770,362
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,014

CONDENSED CONSOLIDATED INTERIM

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS - USD ($)	Jun. 30, 2014	Mar. 31, 2014
Current assets
Cash and cash equivalents	$ 394	$ 319
Current assets from discontinued operations	150,001	150,001
Total current assets	150,395	150,320
TOTAL ASSETS	150,395	150,320
Current liabilities
Accounts payable and accrued liabilities	46,656	46,656
Note payable - related party	502,565	487,358
Total current liabilities	549,221	534,014
TOTAL LIABILITIES	549,221	534,014
STOCKHOLDERS' DEFICIT
Common stock, 3,000,000,000 shares authorized; par value $0.001, 191,770,362 shares issued and outstanding	191,770	191,770
Additional paid-in capital	4,587,335	4,587,335
Accumulated deficit	(5,177,931)	(5,162,799)
Total Stockholders' Deficit	(398,826)	(383,694)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 150,395	$ 150,320

CONDENSED CONSOLIDATED INTERIM3

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2014	Mar. 31, 2014
Condensed Consolidated Interim Balance Sheets Parenthetical
Common stock, Par value	$ 0.001	$ 0.001
Common stock, Authorized	3,000,000,000	3,000,000,000
Common stock, Issued	191,770,362	191,770,362
Common stock, outstanding	191,770,362	191,770,362

CONDENSED CONSOLIDATED INTERIM4

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Condensed Consolidated Interim Statements Of Operations
REVENUE
OPERATING EXPENSES
General and administrative		24,632
Professional fees	15,132	13,527
Total Operating Expenses	15,132	38,159
Net loss from operations	(15,132)	(38,159)
Other Income and Expense
Provision for income taxes
Loss from Continued Operations	(15,132)	(38,159)
Income (Loss) from Discontinued Operations
Net Loss	$ (15,132)	$ (38,159)
Basic and diluted loss per common share	$ 0	$ 0
Weighted average number of common shares outstanding - basic and diluted	191,770,362	191,770,362

CONDENSED CONSOLIDATED INTERIM5

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (15,132)	$ (38,159)
Changes in operating activities:
Accounts payable and accrued liabilities		11,664
Net cash used in continued operations	(15,132)	(38,159)
Net cash used in discontinued operations
Net cash used in operating activities	(15,132)	(63,996)
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash used in Investing Activities
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from note payable - related parties	15,207	63,338
Net cash provided by financing activities	15,207	63,338
Net increase (decrease) in cash and cash equivalents	75	(658)
Cash and cash equivalents, period begins	319	737
Cash and cash equivalents, period ends	$ 394	$ 79

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	3 Months Ended
	Jun. 30, 2014
Notes to Financial Statements
NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS	Yinfu Gold Corporation (the "Company") is a Wyoming corporation incorporated on September 1, 2005under the name Ace Lock and Security, Inc. and established a fiscal year at the end of March 31. Yinfu GoldCorporation (formerly known as "Element92 Resources Corp.") was originally incorporated under the laws of theState of Wyoming as Ace Lock & Security, Inc. On March 5, 2007, we filed a Certificate of Amendment with theWyoming Secretary of State to change our name to Element92 Resources Corp. and increased our authorized capital to1,000,000,000 common shares. On November 18, 2010, the Company received a notification from the FinancialIndustry Regulatory Authority ("FINRA") that the Company's change of name from Element92 Resources Corp. toYinfu Gold Corporation was posted as effective with FINRA. The Company was established as anexploration stage company engaged in the search for commercially viable minerals. We no longer pursue opportunities related to the exploration of minerals. Our name change toYinfu GoldCorporation, as filed with theState of Wyoming on November 18, 2010,signified that we have commenced working toward a major change in our business plan and business model. Effective November 20, 2014, the Company executed a Sale and Purchase Agreement (the "Agreement") to acquire 100% of the shares and assets of China Enterprise Overseas Investment & Finance Group Limited, a British Virgin Islands corporation ("CEI"). Pursuant to the Agreement, the Company has agreed to issue 800 million restricted common shares of the Company tothe owners of CEI. Dahua Online Shopping Mall (http://www.dahuacheng.com) is an online shopping platform in the China market with two mainstream e-commerce models: business to business (B2B) and business to consumer (B2C). There are over 3,000 suppliers all over the China to provide an online listing of millions of commodities. The real-time payment system of Dahua is convenient, safe and fast. Dahua Online Shopping Mall has registered 31 million members as of November 17, 2014. Pursuant to the Agreement, on or before January 1,2015, CEI was to deliver to the Company, duly authorized, properly and fully executed documents in English, evidencing and confirming the sale of 100% of the shares of CEI and its assets specifically detailing the assets and an asset valuation by a third-party valuator. The valuation report was received by the Company on January 28, 2015. Additionally, the Agreement stated that both parties have agreed that all shares issued, pursuant to the terms and conditions of this agreement, shall be issued as soon as practicable following the signing of this agreement, but all shares so issued shall be held in escrow until all terms and conditions are met.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jun. 30, 2014
Notes to Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Basis of Presentation The accompanying unaudited financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for (a) the financial position, (b) the result of operations, and (c) cash flows have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as well as disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments. Principles of Consolidation On June 29, 2012, the Company incorporated Element Resources International Limited ("Element Resources") in Hong Kong. Element Resources is a wholly owned subsidiary of the Company and their financials have been included in the consolidated financial statements. All material intercompany balances and transactions have been eliminated. Discontinued Operations The Company follows ASC 205-20, "Discontinued Operations," Cash and Cash Equivalents Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. Foreign Currency Translation and Re-measurement In accordance with ASC 830, "Foreign Currency Matters," the Company's foreign operations whose functional currency is not the U.S. dollar, has its assets and liabilities translated into U.S. dollars at current exchange rates. Resulting translation adjustments are reflected as other comprehensive income (loss) in stockholders' equity. Revenue and expenses are translated at average exchange rates for the period. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are charged to operations as incurred. The Company and its subsidiary's functional currency is the U.S. dollar. Concentrations of Credit Risk The Company's financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents as well as related party payables that it will likely incur in the near future. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company's management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposure is limited. Deferred Income Taxes and Valuation Allowance The Company accounts for income taxes under ASC 740,"Income Taxes." Under the asset and liability method of ASC 740, where deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized as at June 30, 2014 and March 31, 2014. Net Loss Per Share of Common Stock The Company has adopted ASC Topic 260, "Earnings per Share," The following table sets forth the computation of basic earnings per share, for the three months ended June 30, 2014 and 2013: Three Months Ended June 30, 2014 2013 Net loss $ (15,132 ) $ (38,159 ) Weighted average common shares issued and outstanding (basic and diluted) 191,770,362 191,770,362 Net loss per common share, basic and diluted $ (0.00 ) $ (0.00 ) Commitments and Contingencies The Company follows ASC 450-20, "Loss Contingencies," to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties, as well as other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. There were no commitments or contingencies as of June 30, 2014 and March 31, 2014. Recent Accounting Pronouncements Management has considered all recent accounting pronouncements issued since the last audit of our financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's financial statements. Related Parties The Company follows ASC 850, "Related Party Disclosures," Revenue Recognition The Company will recognize revenue from the sale of products and services in accordance with ASC 605, "Revenue Recognition." i) Persuasive evidence for an agreement exists; ii) Service has been provided; iii) The fee is fixed or determinable; and, iv) Collection is reasonably assured.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Jun. 30, 2014
Notes to Financial Statements
NOTE 3 - GOING CONCERN	The Company's financial statements are prepared using accounting principles generally accepted in the United States 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 established an on-going source of revenues sufficient to cover its operating cost, and requires additional capital to commence its operating plan. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. These factors raise substantial doubt about its ability to continue as a going concern. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan to obtain such resources for the Company include: sales of equity instruments; traditional financing, such as loans; and obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans. There is no assurance that the Company will be able to obtain sufficient additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to the Company. In addition, profitability will ultimately depend upon the level of revenues received from business operations. However, there is no assurance that the Company will attain profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

EQUITY

EQUITY	3 Months Ended
	Jun. 30, 2014
Notes to Financial Statements
NOTE 4 - EQUITY	Common Stock Effective December 8, 2014, the Company increased the authorized capital from 1,000,000,000 common shares to 3,000,000,000 common shares.Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the Company is sought. As of June 30, 2014 and March 31, 2014, the Company has 191,770,362 shares of common stock issued and outstanding. The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Jun. 30, 2014
Notes to Financial Statements
NOTE 5 - RELATED PARTY TRANSACTIONS	During the three months endedJune 30, 2014, Mr. Jiang Libin, appointed as the President and a director of the Company on December 12, 2015, hasadvancedthe Company $15,207 for operating expenses. During the three months ended March 31, 2014, Mr. Tsap Wai Ping, the former President of the Company who resigned on October 31, 2014 (the "Former President"), has advanced the Company $63,338 for operating expenses. These advances have been formalized by non-interest bearing demand notes. As of June 30, 2014, the Company owed $487,358 and $15,207 to the Former President and Mr.Jiang Libin respectively. As of March 31, 2014, the Company owed $487,358 to the Former President.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	3 Months Ended
	Jun. 30, 2014
Notes to Financial Statements
NOTE 6 - DISCONTINUED OPERATIONS	The following presents the financial information of the discontinued subsidiary of the Company, Element Resources International Limited. As of June 30, 2014 As of March 31, 2014 Current Assets Cash and cash equivalents $ - $ - Deposit paid 139,681 139,681 Other receivables, net 10,320 10,320 Total current assets 150,001 150,001 TOTAL ASSETS $ 150,001 $ 150,001 Current Liabilities Accounts payable and accrued liabilities $ - $ - Note payable - related party - - Total current liabilities - - TOTAL LIABILITIES $ - $ - For the Three Months Ended June 30, 2014 2013 REVENUE $ - $ - General and administrative - - Other expenses - - Net income (loss) $ - $ -

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jun. 30, 2014
Notes to Financial Statements
NOTE 7 - SUBSEQUENT EVENTS	(1)Effective December 8, 2014 the Company increased the authorized capital from 1,000,000,000 common shares to 3,000,000,000 common shares. (2)On February 6, 2015, the Company signed a Sale and Purchase Agreement to acquire 100% of theshares and assets of Eternal Fairy International Ltd., ("EFI"), a British Virgin Islands corporation. Pursuant to theagreement, the Company has agreed to issue 1,200,000,000 (1.2 billion) restricted common shares of theCompany to the shareholders of EFI. EFI which in turn ownsDongguan YouDai Financial Information Services Co., Ltd ("DYD"), a company incorporated in the People's Republic of China (the "PRC"). DYD is a company that focuses on peer-to-peer ("P2P") lending services. DYD provides a platform that matches lenders directly with the borrowers and charges a commission fee. Through our P2P platform, lenders can earn higher returns compared to savings and investment products offered by banks, where borrowers can borrow money at lower interest rates. Closing was to take place in two stages as follows: The Company acquired the entire share capital of EFI by theissuance of 1.2 billion new Common Shares on February 15, 2015 (the"Closing Date"). Immediately onthe Closing Date, the Company shall deliver, or cause to be delivered, to EFI, a board resolution confirming the issuance of1.2 billion Common Shares. The Company shall also deliver to EFI, share certificate(s) representing the 1.2 billion sharesissued in the name or names designated by EFI. The shares certificates so delivered will display the requiredrestrictive legend pursuant to Rule 144 of the United States Securities and Exchange Act. On or before February 28, 2015, EFI was to deliver to the Company, duly authorized, properly and fully executeddocuments in English, evidencing and confirming the sale of 100% of the shares of EFI and its assets specificallydetailing the assets and an asset valuation by an independent valuator. Both parties agree that all shares issued, pursuant to the terms and conditions of the agreement, shall be held inescrow and shall be deemed to be in the full control of the Company until the Closing is completed. Effective September 22,2015,the Company has executed a Deed of Termination and Mutual Release (the "Termination") between the Company and of EFI. The Termination cancels the Sale and Purchase Agreement to acquire 100% of the shares and assets of EFI reported via a Form 8-K dated February 6, 2015. Pursuant to the original agreement the Company issued 1,200,000,000 (1.2 billion) restricted common shares of the Company to the owners of EFI. All shares issued under the terms of the agreement were held in escrow and have now been cancelled with the consent of all Parties and returned to treasury. (3) Effective November 20, 2014, the Company executed a Sale and Purchase Agreement to acquire 100% of the shares and assets of China Enterprise Overseas Investment & Finance Group Limited ("CEI"), a British Virgin Islands corporation. Pursuant to the agreement, the Company has agreed to issue 800 million restricted common shares of the Company tothe owners of CEI. Dahua Online Shopping Mall (http://www.dahuacheng.com) is an online shopping platform in the China market with two mainstream e-commerce models: business to business (B2B) and business to consumer (B2C). There are over 3000 suppliers all over China to provide an online listing of millions of commodities. The real-time payment system of Dahua is convenient, safe and fast. Dahua Online Shopping Mall has registered 31 million members as of November 17, 2014. Pursuant to the agreement, on or before January 1,2015, CEI was to deliver to the Company, duly authorized, properly and fully executed documents in English, evidencing and confirming the sale of 100% of the shares of CEI and its assets specifically detailing the assets and an asset valuation prepared by an independent professionally qualified valuator. The valuation report was received by the Company on January 28, 2015. Additionally, the agreement stated that both parties have agreed that all the shares, pursuant to the terms and conditions of this agreement, shall be issued as soon as practicable following the signing of this agreement, but all the shares so issued shall be held in escrow until all terms and conditions are fulfilled. The various terms and conditions of the agreement havebeen fulfilled on January 28, 2015.As a result, the sharesas referred to inthe agreement made between the Company and CEI have been delivered on January 28, 2015. (4) Effective October 31, 2014, the Company has accepted the resignation of Mr. Tsap Wai Ping from his position as President, Chief Executive Officer ("CEO"), and as sole director of the Company. Mr. Tsap Wai Ping has served on the Board since June 6, 2012. (5) On October 31, 2014 the Company announced the appointment of Mr. Wang Binggang as the Company's President, CEO and as its sole Director. (6) Effective November 12, 2014, the Company has accepted the resignation of Mr. Wang Binggang from his position as President, CEO and as the sole director of the Company. Mr. Wang Binggang has served on the Board since October 31, 2014. (7) Effective November 12, 2014 the Company announced the appointment of Mr. Liu Jun as the Company's President and as its sole Director. (8) Effective June 10, 2015, the Company accepted the resignation of Mr. Liu Jun from his position as President and a director of the Company. Also effective June 10, 2015 the Company announced the appointment of Mr. Li Qiuyu as the Company'sPresident and as its sole Director. (9) Effective December 12, 2015, the Company accepted the resignation of Mr. Li Qiuyu from his position as President, CEO and as a director of the Company. Mr. Li Qiuyu has served on the Board since June 10, 2015. Also effective December 12, 2015, the Company announced the appointment of Mr. Jiang Libin as the Company's President, Secretary, and Director, and announced the appointment of Mr. Zhang Hong as a Director.

SUMMARY OF SIGNIFICANT ACCOUN13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jun. 30, 2014
Summary Of Significant Accounting Policies Policies
Basis of Presentation	The accompanying unaudited financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for (a) the financial position, (b) the result of operations, and (c) cash flows have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year.
Use of Estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as well as disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.
Principles of Consolidation	On June 29, 2012, the Company incorporated Element Resources International Limited ("Element Resources") in Hong Kong. Element Resources is a wholly owned subsidiary of the Company and their financials have been included in the consolidated financial statements. All material intercompany balances and transactions have been eliminated.
Discontinued Operations	The Company follows ASC 205-20, "Discontinued Operations,"
Cash and Cash Equivalents	Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value.
Foreign Currency Translation and Re-measurement	In accordance with ASC 830, "Foreign Currency Matters," the Company's foreign operations whose functional currency is not the U.S. dollar, has its assets and liabilities translated into U.S. dollars at current exchange rates. Resulting translation adjustments are reflected as other comprehensive income (loss) in stockholders' equity. Revenue and expenses are translated at average exchange rates for the period. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are charged to operations as incurred. The Company and its subsidiary's functional currency is the U.S. dollar.
Concentrations of Credit Risk	The Company's financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents as well as related party payables that it will likely incur in the near future. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company's management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposure is limited.
Deferred Income Taxes and Valuation Allowance	The Company accounts for income taxes under ASC 740,"Income Taxes." Under the asset and liability method of ASC 740, where deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized as at June 30, 2014 and March 31, 2014.
Net Loss Per Share of Common Stock	The Company has adopted ASC Topic 260, "Earnings per Share," The following table sets forth the computation of basic earnings per share, for the three months ended June 30, 2014 and 2013: Three Months Ended June 30, 2014 2013 Net loss $ (15,132 ) $ (38,159 ) Weighted average common shares issued and outstanding (basic and diluted) 191,770,362 191,770,362 Net loss per common share, basic and diluted $ (0.00 ) $ (0.00 )
Commitments and Contingencies	The Company follows ASC 450-20, "Loss Contingencies," to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties, as well as other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. There were no commitments or contingencies as of June 30, 2014 and March 31, 2014.
Recent Accounting Pronouncements	Management has considered all recent accounting pronouncements issued since the last audit of our financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's financial statements.
Related Parties	The Company follows ASC 850, "Related Party Disclosures,"
Revenue Recognition	The Company will recognize revenue from the sale of products and services in accordance with ASC 605, "Revenue Recognition." i) Persuasive evidence for an agreement exists; ii) Service has been provided; iii) The fee is fixed or determinable; and, iv) Collection is reasonably assured.

SUMMARY OF SIGNIFICANT ACCOUN14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Jun. 30, 2014
Summary Of Significant Accounting Policies Tables
Earnings per share	Three Months Ended June 30, 2014 2013 Net loss $ (15,132 ) $ (38,159 ) Weighted average common shares issued and outstanding (basic and diluted) 191,770,362 191,770,362 Net loss per common share, basic and diluted $ (0.00 ) $ (0.00 )

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Jun. 30, 2014
Discontinued Operations Tables
Financial information of discontinued operations	As of June 30, 2014 As of March 31, 2014 Current Assets Cash and cash equivalents $ - $ - Deposit paid 139,681 139,681 Other receivables, net 10,320 10,320 Total current assets 150,001 150,001 TOTAL ASSETS $ 150,001 $ 150,001 Current Liabilities Accounts payable and accrued liabilities $ - $ - Note payable - related party - - Total current liabilities - - TOTAL LIABILITIES $ - $ -
Discontinued operations	For the Three Months Ended June 30, 2014 2013 REVENUE $ - $ - General and administrative - - Other expenses - - Net income (loss) $ - $ -

SUMMARY OF SIGNIFICANT ACCOUN16

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Summary Of Significant Accounting Policies Details
Net Loss	$ (15,132)	$ (38,159)
Weighted average number of common shares outstanding - basic and diluted	191,770,362	191,770,362
Net loss per common share, basic and diluted	$ 0	$ 0

EQUITY (Details)

EQUITY (Details) - shares	Jun. 30, 2014	Mar. 31, 2014
Equity Details
Common stock, Issued	191,770,362	191,770,362
Common stock, outstanding	191,770,362	191,770,362

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2013
Related Party Transactions Details Narrative
Proceeds from note payable - related parties	$ 15,207	$ 63,338	$ 63,338
Note payable - related party		$ 487,358

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details) - USD ($)	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2013	Mar. 31, 2013
Current Assets
Cash and cash equivalents	$ 394	$ 319	$ 79	$ 737
Total current assets	150,395	150,320
TOTAL ASSETS	150,395	150,320
Current Liabilities
Accounts payable and accrued liabilities	46,656	46,656
Note payable - related party	502,565	487,358
Total current liabilities	549,221	534,014
TOTAL LIABILITIES	549,221	534,014
Element Resources International Limited
Current Assets
Cash and cash equivalents
Deposit paid	139,681	139,681
Other receivables, net	10,320	10,320
Total current assets	150,001	150,001
TOTAL ASSETS	150,001	150,001
Current Liabilities
Accounts payable and accrued liabilities
Note payable - related party
Total current liabilities
TOTAL LIABILITIES

DISCONTINUED OPERATIONS (Deta20

DISCONTINUED OPERATIONS (Details 1) - USD ($)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
REVENUE
General and administrative		24,632
Net income (loss)	(15,132)	(38,159)
Element Resources International Limited
REVENUE
General and administrative
Other expenses
Net income (loss)