Document_and_Entity_Informatio
Document and Entity Information (USD $) | 3 Months Ended | |
Jul. 31, 2014 | Sep. 18, 2014 | |
Document and Entity Information: | ' | ' |
Entity Registrant Name | 'China Xibolun Technology Holdings Corp | ' |
Document Type | '10-Q | ' |
Document Period End Date | 31-Jul-14 | ' |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001479382 | ' |
Current Fiscal Year End Date | '--04-30 | ' |
Entity Common Stock, Shares Outstanding | ' | 4,366,649 |
Entity Public Float | ' | $0 |
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 | ' |
CONDENSED_BALANCE_SHEETS
CONDENSED BALANCE SHEETS (USD $) | Jul. 31, 2014 | Apr. 30, 2014 |
Current assets | ' | ' |
Cash | ($5,403) | ' |
Current liabilities | ' | ' |
Accounts payable and accrued expenses | 6,092 | 1,517 |
Due to related party | 49,979 | 49,151 |
Total current liabilities | 56,071 | 50,668 |
STOCKHOLDERS' DEFICIT | ' | ' |
Preferred stock, $.001 par value, 10,000,000 shares authorized, 0 shares issued and outstanding | ' | ' |
Common stock, $.001 par value, 100,000,000 shares authorized, 4,366,649 shares issued and outstanding on July 31, 2014 and April 30, 2014, respectively | 4,367 | 4,367 |
Additional paid in capital | 189,339 | 189,339 |
Accumulated deficit | -249,777 | -244,374 |
Total stockholders' deficit | -56,071 | -50,668 |
Total Liabilities and Stockholders Deficit | ' | ' |
CONDENSED_BALANCE_SHEETS_Paren
CONDENSED BALANCE SHEETS (Parenthetical) (USD $) | Jul. 31, 2014 | Apr. 30, 2014 |
Statement of Financial Position [Abstract] | ' | ' |
Preferred stock, par value per share | $0.00 | $0.00 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value per share | $0.00 | $0.00 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 4,366,649 | 4,366,649 |
Common stock, shares outstanding | 4,366,649 | 4,366,649 |
CONDENSED_STATEMENTS_OF_OPERAT
CONDENSED STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | 83 Months Ended | |
Jul. 31, 2014 | Jul. 31, 2013 | Jul. 31, 2014 | |
OPERATING EXPENSES | ' | ' | ' |
General and administrative | ($5,403) | ($4,800) | ($252,117) |
Depreciation | ' | ' | -6,631 |
Operating Loss | -5,403 | -4,800 | -258,748 |
Interest expense | ' | ' | -8,339 |
Gain on settlement of liabilities | ' | ' | 17,310 |
Net loss | ($5,403) | ($4,800) | ($249,777) |
Net loss per share: | ' | ' | ' |
Basic and diluted | $0 | $0 | ' |
Weighted average shares outstanding, Basic and diluted | 4,366,649 | 4,366,649 | ' |
CONDENSED_STATEMENTS_OF_CASH_F
CONDENSED STATEMENTS OF CASH FLOW (USD $) | 3 Months Ended | 83 Months Ended | |
Jul. 31, 2014 | Jul. 31, 2013 | Jul. 31, 2014 | |
OPERATING ACTIVITIES: | ' | ' | ' |
Net loss | ($5,403) | ($4,800) | ($249,777) |
Adjustments to reconcile net loss to net cash used in operating activities: | ' | ' | ' |
Depreciation and amortization | ' | ' | 6,631 |
Gain on settlement of liabilities | ' | ' | -17,310 |
Common shares issued for services | ' | ' | 1,100 |
Interest payable converted to equity | ' | ' | -2,434 |
Changes in operating assets and liabilities: | ' | ' | ' |
Accounts payable and accrued expenses | ' | 12,626 | -98,831 |
NET CASH USED IN OPERATING ACTIVITIES | -5,403 | -17,426 | -162,959 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Purchase of equipment | ' | ' | -6,631 |
NET CASH USED IN INVESTING ACTIVITIES | ' | ' | -6,631 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Common shares issued for cash | ' | ' | 25,000 |
Advances from related parties | ' | 17,426 | 92,001 |
Proceeds from line of credit - related party | ' | ' | 52,589 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | ' | 17,426 | 169,590 |
NET CHANGE IN CASH | -5,403 | ' | ' |
Cash, beginning of year | ' | ' | ' |
Cash, end of year | -5,403 | ' | -5,403 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ' | ' | ' |
Interest paid | ' | ' | 421 |
Settlement of liabilities by shareholder on behalf of Company, including accounts payable, advances from related parties, and line of credit-related parties | ' | ' | $170,040 |
Organization_and_Basis_of_pres
Organization and Basis of presentation | 3 Months Ended |
Jul. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Organization and Basis of presentation | ' |
NOTE 1- Organization and Basis of presentation | |
Organization | |
China Xibolun Technology Holdings Corporation (the “Company”) formerly named Dimus Partners, Inc. is a development-stage company. The Company was incorporated under the laws of the State of Nevada on May 24, 2007. Prior to incorporation on April 30, 2008, Dimus Partners, LLC was a Texas limited liability company effective May 24, 2007. Dimus Partners, LLC (the “Texas Company”) and the Company entered into a Certificate of Exchange whereby the Nevada Corporation acquired 100% of the issued and outstanding membership interest of the Texas Company, in exchange for two million (2,000,000) common shares of the Company. | |
On September 21, 2012, James Patton, Nathan Pettus and James Pacey (“Sellers”), who were collectively the controlling shareholders of the Company, sold 4,200,000 shares of common stock of the Company to Chin Yung Kong and Anyuan Sun (“Purchasers”) for an aggregated price of $ 190,000.The 4,200,000 shares of common stock represented approximately 96.2% of the total issued and outstanding stock of the Company. As result of this share purchase transaction, Chin Yung Kong and Anyuan Sun became the controlling shareholders of the Company. The liabilities of $187,350 of the Company prior to September 21, 2012 have been settled by the Company resulting in a $17,310 gain. | |
On October 11, 2012, we changed our name to China Xibolun Technology Holdings Corporation. | |
Basis of presentation | |
The accompanying unaudited financial statements of China Xibolun Technology Holdings Corporation. (Formerly known as Dimus Partners, Inc.) (“Xibolun” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America(“US GAAP”). |
Summary_Significant_of_Account
Summary Significant of Accounting Policies | 3 Months Ended |
Jul. 31, 2014 | |
Accounting Policies [Abstract] | ' |
Summary Significant of Accounting Policies | ' |
NOTE 2 –SUMMARY OF ACCOUNTING POLICIES | |
Development Stage Policy | |
We are a development stage company as defined under Financial Accounting Standards Board (“FASB”) | |
Accounting Standards Codification (“ASC”) 915, Development Stage Entities. Our management has limited experience in the consulting business. We have earned no revenues since our formation, have no current clients and have an accumulated deficit during the development stage of $244,374 as of July 31, 2014. We are currently being funded by existing shareholders and anticipate being able to continue our business operations for approximately the next nine months due to our low overhead and the limited expenses that we have. If we do not have enough money to pay our outstanding liabilities as they become due and/or if we fail to generate any revenues in the future, we will be forced to curtail or abandon our business plan and any investment in us may be lost. | |
Use of Estimates | |
The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. Estimates are based on historical experience and on various other assumptions that the Company believes to be reasonable under the circumstances, the results of which form the basis for judgments about results and the carrying values of assets and liabilities. Actual results and values may differ significantly from these estimates. | |
Recent Accounting Pronouncements | |
Management does not anticipate that the recently issued but not yet effective accounting pronouncements will materially impact the Company’s financial condition. |
Related_Party_Transactions
Related Party Transactions | 3 Months Ended |
Jul. 31, 2014 | |
Disclosure Text Block [Abstract] | ' |
Related Party Transactions | ' |
NOTE 3 – RELATED PARTY TRANSACTIONS | |
Expenses of the Company are currently being paid by an affiliate of our controlling shareholders. During the three months ended July 31, 2014 and 2013 , Chin Yung Kong, the director and shareholder of the Company, paid $828 and $17,426 for the Company’s audit and consultant fee. |
Going_Concern
Going Concern | 3 Months Ended |
Jul. 31, 2014 | |
Disclosure Text Block [Abstract] | ' |
Going Concern | ' |
NOTE 4 – GOING CONCERN | |
There are no assurances that the Company will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support the Company’s working capital requirements. To the extent that funds generated from any private placements, public offerings and/or bank financing are insufficient to support the Company’s working capital requirements, the Company will have to raise additional working capital from additional financing. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available, the Company may not be able continue its operations. | |
These conditions caused our auditors to have substantial doubt about the Company’s ability to continue as a going concern and issue an audit report on our year-end financial statements with an additional paragraph emphasizing the going concern issue. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
Income_Taxes
Income Taxes | 12 Months Ended | |||||
Apr. 30, 2014 | ||||||
Income Tax Disclosure [Abstract] | ' | |||||
Income Taxes | ' | |||||
NOTE 5 –INCOME TAXES | ||||||
Current tax laws limit the amount of loss available to be offset against future taxable income when a substantial change in ownership occurs. Therefore, the amount available to offset future taxable income may be limited. The provision for income taxes differs from the result which would be obtained by applying the statutory income tax rate of 34% to income before income taxes. | ||||||
At July 31 and April 30, 2014, deferred tax assets consisted of the following: | ||||||
July 31,2014 | April 30,2014 | |||||
Deferred tax assets | ||||||
Net operating losses | $ | 84,924 | $ | 83,087 | ||
Less: valuation allowance | (84,924) | (83,087) | ||||
Net deferred tax asset | $ | - | $ | - | ||
At July 31, 2014, the Company had an unused net operating loss carry-forward $249,777 that is available to offset future taxable income; the loss carry-forward will start to expire in 2029. |
Summary_of_Accounting_Policies
Summary of Accounting Policies (Policies) | 3 Months Ended |
Jul. 31, 2014 | |
Accounting Policies [Abstract] | ' |
Development Stage Policy | ' |
Development Stage Policy | |
We are a development stage company as defined under Financial Accounting Standards Board (“FASB”) | |
Accounting Standards Codification (“ASC”) 915, Development Stage Entities. Our management has limited experience in the consulting business. We have earned no revenues since our formation, have no current clients and have an accumulated deficit during the development stage of $244,374 as of July 31, 2014. We are currently being funded by existing shareholders and anticipate being able to continue our business operations for approximately the next nine months due to our low overhead and the limited expenses that we have. If we do not have enough money to pay our outstanding liabilities as they become due and/or if we fail to generate any revenues in the future, we will be forced to curtail or abandon our business plan and any investment in us may be lost. | |
Use of Estimates | ' |
Use of Estimates | |
The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. Estimates are based on historical experience and on various other assumptions that the Company believes to be reasonable under the circumstances, the results of which form the basis for judgments about results and the carrying values of assets and liabilities. Actual results and values may differ significantly from these estimates. | |
Recent Accounting Pronouncements | ' |
Recent Accounting Pronouncements | |
Management does not anticipate that the recently issued but not yet effective accounting pronouncements will materially impact the Company’s financial condition. |
Income_Taxes_Tables
Income Taxes (Tables) | 3 Months Ended | |||||
Jul. 31, 2014 | ||||||
Income Tax Disclosure [Abstract] | ' | |||||
Schedule of Deferred Tax Asset | ' | |||||
At July 31 and April 30, 2014, deferred tax assets consisted of the following: | ||||||
July 31,2014 | April 30,2014 | |||||
Deferred tax assets | ||||||
Net operating losses | $ | 84,924 | $ | 83,087 | ||
Less: valuation allowance | (84,924) | (83,087) | ||||
Net deferred tax asset | $ | - | $ | - |
Organization_and_Basis_of_pres1
Organization and Basis of presentation (Details Narrative) (USD $) | 0 Months Ended | 3 Months Ended | 11 Months Ended | 83 Months Ended | |
Sep. 21, 2012 | Jul. 31, 2014 | Jul. 31, 2013 | Apr. 30, 2008 | Jul. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ' | ' | ' | ' |
Ownership | ' | ' | ' | 100.00% | ' |
Sale of shares, shares | 4,200,000 | ' | ' | ' | ' |
Sale of shares, amount | $190,000 | ' | ' | ' | ' |
Percentage of Ownership after transaction | 96.20% | ' | ' | ' | ' |
Liabilities settled by company | 187,350 | ' | ' | ' | ' |
Gain on settlement of liabilities | $17,310 | ' | ' | ' | $17,310 |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 3 Months Ended | |
Jul. 31, 2014 | Jul. 31, 2013 | |
Text Block [Abstract] | ' | ' |
Company's audit and consultant fee | $828 | $17,426 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | Jul. 31, 2014 | Apr. 30, 2014 |
Deferred tax assets | ' | ' |
Net operating losses | $84,924 | $83,087 |
Less: valuation allowance | -84,924 | -83,087 |
Net deferred tax asset | ' | ' |
Income_Taxes_Details_Narrative
Income Taxes (Details Narrative) (USD $) | 3 Months Ended | |
Jul. 31, 2014 | Apr. 30, 2014 | |
Income Tax Disclosure [Abstract] | ' | ' |
Effective Federal Statutory Income Tax Rate Applied to Income before Income tax (In percentage) | 34.00% | ' |
Net Operating Loss Carry-forward | $249,777 | $244,374 |
Carry-Forward Loss start expire date | 30-Apr-29 | ' |