Borneo Industrial Fishery (DIMU) 10-Q 16 Mar 15 2015 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Jan. 31, 2015	Mar. 15, 2015
Document And Entity Information
Entity Registrant Name	China Xibolun Technology Holdings Corp
Entity Central Index Key	1479382
Document Type	10-Q
Document Period End Date	31-Jan-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-26
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		4,366,649
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2015

CONDENSED_BALANCE_SHEETS_Unaud

CONDENSED BALANCE SHEETS (Unaudited) (USD $)	Jan. 31, 2015	Apr. 30, 2014
ASSETS
Total current assets	$0	$0
TOTAL ASSETS	0	0
CURRENT LIABILITIES:
Accounts payable and accrued expenses	11,217	1,517
Due to related party	51,468	49,151
TOTAL CURRENT LIABILITIES	62,685	50,668
Commitments and Contingencies
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 January 31, 2015 and April 30, 2014, respectively	4,367	4,367
Additional paid in capital	189,339	189,339
Accumulated Deficit	-256,391	-244,374
TOTAL STOCKHOLDERS' DEFICIT	-62,685	-50,668
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$0	$0

CONDENSED_BALANCE_SHEETS_Paren

CONDENSED BALANCE SHEETS (Parenthetical) (USD $)	Jan. 31, 2015	Apr. 30, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$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 (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
EXPENSES
General and administrative expenses	($3,384)	($10,079)	($12,017)	($18,957)
NET LOSS	($3,384)	($10,079)	($12,017)	($18,957)
Net loss per share:
Basic and diluted	$0	$0	$0	$0
Weighted average shares outstanding, Basic and diluted	4,366,649	4,366,649	4,366,649	4,366,649

CONDENSED_STATEMENTS_OF_CASH_F

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
OPERATING ACTIVITIES:
Net loss	($3,384)	($10,079)	($12,017)	($18,957)
Changes in assets and liabilities:
Accounts payable and accrued expenses			9,700	-11,409
NET CASH USED IN OPERATING ACTIVITIES			-2,317	-30,366
FINANCING ACTIVITIES:
Advances from related parties			2,317	30,366
NET CASH PROVIDED BY FINANCING ACTIVITIES			2,317	30,366
NET CHANGE IN CASH			0	0
Cash, beginning of period			0	0
Cash, end of period	$0	$0	$0	$0

Organization_and_Basis_of_pres

Organization and Basis of presentation	9 Months Ended
	Jan. 31, 2015
Accounting Policies [Abstract]
Organization and Basis of presentation	NOTE 1- Organization and Basis of presentation
	Organization
	China Xibolun Technology Holdings Corporation (the “Company”) was incorporated under the laws of the State of Nevada on May 24, 2007, under the name Dimus Partners, Inc. 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.
	Anyuan Sun, our former director, resigned from his position on July 22, 2014, due to personal reasons. On July 22, 2014, Anyuan Sun transferred 1,680,000 shares of common stock to Chin Yung Kong.
	Basis of presentation
	The accompanying unaudited condensed financial statements of China Xibolun Technology Holdings Corporation. (“Xibolun” or the “Company”) have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles (“US GAAP”) for complete financial statements. These condensed consolidated financial statements and notes should be read in conjunction with the audited consolidated financial statements and footnotes included in the Company’s annual report on Form 10-K for the fiscal year ended April 30, 2014 filed with the SEC on August 12, 2014. Operating results for the nine months ended January 31, 2015 may not be necessarily indicative of the results that may be expected for the full year.

SUMMARY_OF_ACCOUNTING_POLICIES

SUMMARY OF ACCOUNTING POLICIES	9 Months Ended
	Jan. 31, 2015
Accounting Policies [Abstract]
SUMMARY OF ACCOUNTING POLICIES	NOTE 2 –SUMMARY OF ACCOUNTING POLICIES
	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
	In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation.” This ASU removes the definition of a development stage entity from the ASC, thereby removing the financial reporting distinction between development stage entities and other reporting entities from GAAP. In addition, the ASU eliminates the requirements for development stage entities to (1) present inception-to-date information in the statements of operations, cash flows, and shareholders’ deficit, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. This ASU is effective for public companies as of the first annual period beginning after December 15, 2014;early adoption is permitted. The Company has elected to early adopt this ASU and, accordingly, no inception to date financial information is disclosed and the accompanying financial statements are not labeled as those of a development stage entity.
	In August 2014, the FASB issued ASU No. 2014-15, “Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-15”), which requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued and provides guidance on determining when and how to disclose going concern uncertainties in the financial statements. Certain disclosures will be required if conditions give rise to substantial doubt about an entity’s ability to continue as a going concern. ASU 2014-15 applies to all entities and is effective for annual and interim reporting periods ending after December 15, 2016, with early adoption permitted. The Company does not expect that the adoption of this standard will have a material effect on the Company’s consolidated financial statements.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Jan. 31, 2015
Related Party Transactions [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 nine months ended January 31, 2015 and 2014, Chin Yung Kong, the director and shareholder of the Company, paid $2,317 and $30,366 for the Company’s audit and consultant fee.

GOING_CONCERN

GOING CONCERN	9 Months Ended
	Jan. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [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 accompanying condensed 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	9 Months Ended
	Jan. 31, 2015
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 U.S. Federal tax rate of 34% to income before income taxes.
	At January 31, 2015 and April 30, 2014, deferred tax assets consisted of the following:
		January 31,2015			April 30,2014
	Deferred tax assets
	Net operating losses	$	87,173		$	83,087
	Less: valuation allowance		(87,173	)		(83,087	)
	Net deferred tax asset	$	—		$	—
	At January 31, 2014, the Company had an unused net operating loss carryforward $256,391 that is available to offset future taxable income; the loss carryforward will start to expire in 2029.

SUMMARY_OF_ACCOUNTING_POLICIES1

SUMMARY OF ACCOUNTING POLICIES (Policies)	9 Months Ended
	Jan. 31, 2015
Accounting Policies [Abstract]
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
	In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation.” This ASU removes the definition of a development stage entity from the ASC, thereby removing the financial reporting distinction between development stage entities and other reporting entities from GAAP. In addition, the ASU eliminates the requirements for development stage entities to (1) present inception-to-date information in the statements of operations, cash flows, and shareholders’ deficit, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. This ASU is effective for public companies as of the first annual period beginning after December 15, 2014;early adoption is permitted. The Company has elected to early adopt this ASU and, accordingly, no inception to date financial information is disclosed and the accompanying financial statements are not labeled as those of a development stage entity.
	In August 2014, the FASB issued ASU No. 2014-15, “Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-15”), which requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued and provides guidance on determining when and how to disclose going concern uncertainties in the financial statements. Certain disclosures will be required if conditions give rise to substantial doubt about an entity’s ability to continue as a going concern. ASU 2014-15 applies to all entities and is effective for annual and interim reporting periods ending after December 15, 2016, with early adoption permitted. The Company does not expect that the adoption of this standard will have a material effect on the Company’s consolidated financial statements.

INCOME_TAXES_Tables

INCOME TAXES (Tables)	9 Months Ended
	Jan. 31, 2015
Income Tax Disclosure [Abstract]
Deferred tax assets		January 31,2015			April 30,2014
	Deferred tax assets
	Net operating losses	$	87,173		$	83,087
	Less: valuation allowance		(87,173	)		(83,087	)
	Net deferred tax asset	$	—		$	—

Organization_and_Basis_of_pres1

Organization and Basis of presentation (Details Narrative) (USD $)	0 Months Ended	11 Months Ended
	Sep. 21, 2012	Apr. 30, 2008	Jul. 22, 2014
Accounting Policies [Abstract]
Acquired interest of the Texas Company		100.00%
Company shares exchanged for acquisition		2,000,000
Sale of common stock, shares	4,200,000
Sale of common stock, amount	$190,000
Percentage of Ownership after transaction	96.20%
Liabilities settled by company	187,350
Gain on settlement of liabilities	$17,310
Shares transferred from former director to current CEO			1,680,000

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Related Party Transactions [Abstract]
Company's audit and consultant fee paid by director	$2,317	$30,366

INCOME_TAXES_Deferred_tax_asse

INCOME TAXES - Deferred tax assets (Details) (USD $)	Jan. 31, 2015	Apr. 30, 2014
Deferred tax assets
Net operating losses	$87,173	$83,087
Less: valuation allowance	-87,173	-83,087
Net deferred tax asset	$0	$0

INCOME_TAXES_Details_Narrative

INCOME TAXES (Details Narrative) (USD $)	9 Months Ended
	Jan. 31, 2015	Apr. 30, 2014
Income Tax Disclosure [Abstract]
Effective federal statutory income tax rate applied to income before income taxes	34.00%
Net operating loss carry-forward	$256,391	$244,374
Carry-forward loss expiration start date	30-Apr-29