Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 12, 2013 | |
Document and Entity Information: | ' | ' |
Entity Registrant Name | 'CHINA TIANFEIHONG WINE INC | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001501225 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 2,396,680 |
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 | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
BALANCE_SHEETS
BALANCE SHEETS (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
BALANCE SHEETS | ' | ' |
Cash | $199 | $322 |
Total Assets | 199 | 322 |
Accounts payable and accrued liabilities | 3,122 | 17,947 |
Due to related parties | 123,114 | 79,889 |
Total Liabilities | 126,236 | 97,836 |
Preferred Stock, 20,000,000 shares authorized, $0.0001 par value; No shares issued and outstanding | ' | ' |
Common Stock, 80,000,000 shares authorized $0.0006 par value; 2,396,680 shares issued and outstanding as of September 30, 2013 and December 31, 2012 | 1,438 | 1,438 |
Additional Paid-in Capital | 315,895 | 315,895 |
Deficit Accumulated During the Development Stage | -443,370 | -414,847 |
Total Stockholders' Deficit | -126,037 | -97,514 |
Total Liabilities and Stockholders' Deficit | $199 | $322 |
BALANCE_SHEETS_PARENTHETICAL
BALANCE SHEETS PARENTHETICAL (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
BALANCE SHEETS PARENTHETICAL | ' | ' |
Preferred stock par value | $0.00 | $0.00 |
Preferred stock shares authorized | 20,000,000 | 20,000,000 |
Preferred stock shares issued | ' | ' |
Preferred stock shares outstanding | ' | ' |
Common stock par value | $0.00 | $0.00 |
Common stock shares authorized | 80,000,000 | 80,000,000 |
Common stock shares issued | 2,396,680 | 2,396,680 |
Common stock shares outstanding | 2,396,680 | 2,396,680 |
STATEMENTS_OF_OPERATIONS
STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | 9 Months Ended | 98 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
STATEMENTS OF OPERATIONS | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | $24,962 |
Cost of Revenue | ' | ' | ' | ' | -24,776 |
Gross Profit | ' | ' | ' | ' | 186 |
General and administrative | 4,750 | 10,275 | 28,523 | 32,686 | 443,556 |
Total Expenses | 4,750 | 10,275 | 28,523 | 32,686 | 443,556 |
Net Loss | ($4,750) | ($10,275) | ($28,523) | ($32,686) | ($443,370) |
Net Loss Per Common Share - Basic and Diluted | $0 | $0 | ($0.01) | ($0.01) | ' |
Weighted Average Common Shares Outstanding | 2,396,680 | 2,396,680 | 2,396,680 | 2,396,680 | ' |
STATEMENTS_OF_CASH_FLOWS
STATEMENTS OF CASH FLOWS (USD $) | 9 Months Ended | 98 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
STATEMENTS OF CASH FLOWS | ' | ' | ' |
Net loss for the period | ($28,523) | ($32,686) | ($443,370) |
Stock issued for consulting services | ' | ' | 196,280 |
Change in Accounts payable and accrued liabilities | -14,825 | 861 | 18,122 |
Net Cash Used In Operating Activities | -43,348 | -31,825 | -228,968 |
Advances from related parties | 43,225 | 32,030 | 139,134 |
Repayments to related parties | ' | ' | -16,020 |
Proceeds from issuance of common stock | ' | ' | 106,053 |
Net Cash Provided by Financing Activities | 43,225 | 32,030 | 229,167 |
Net Increase (Decrease) in Cash | -123 | 205 | 199 |
Cash - Beginning of Period | 322 | 195 | ' |
Cash - Ending of Period | 199 | 400 | 199 |
Stock issued for settlement of accounts payable | ' | ' | 15,000 |
Interest paid | ' | ' | ' |
Income taxes paid | ' | ' | ' |
1_Basis_of_Presentation
1. Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Notes | ' |
1. Basis of Presentation | ' |
1. Basis of Presentation | |
The accompanying unaudited financial statements of China Tianfeihong Wine Inc. (the “Company”) have been prepared in accordance with accounting principles generally accepted in United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year ended December 31, 2012 have been omitted. | |
The accompanying financial statements are unaudited. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows for all periods presented have been made. |
2_Going_Concern
2. Going Concern | 9 Months Ended |
Sep. 30, 2013 | |
Notes | ' |
2. Going Concern | ' |
2. Going Concern | |
These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has not generated significant revenue since inception and has never paid any dividends and is unlikely to pay dividends or generate earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. As at September 30, 2013, the Company has accumulated losses since inception and has a working capital deficit. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments 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. |
3_Related_Party_Transactions
3. Related Party Transactions | 9 Months Ended |
Sep. 30, 2013 | |
Notes | ' |
3. Related Party Transactions | ' |
3. Related Party Transactions | |
As of September 30, 2013 and December 31, 2012, the Company was indebted to the officers of the Company for $123,114 and $79,889, respectively, for expenses paid on behalf of the Company. |
4_Commitment
4. Commitment | 9 Months Ended |
Sep. 30, 2013 | |
Notes | ' |
4. Commitment | ' |
4. Commitment | |
On March 3, 2010, the Company entered into a license agreement with Guang Wei Qu (the "Licensor"), the owner of a patent in the People’s Republic of China for an environment-friendly floral sleeve product (the “Patent”). The Licensor granted an exclusive world-wide license to the Company to use the Patent and to manufacture, distribute, market, sell, lease and/or license or sub-license all products derived or developed from such Patent. In exchange, the Company will pay 12% of all product revenues as royalty fees on a quarterly basis. |
5_Subsequent_Events
5. Subsequent Events | 9 Months Ended |
Sep. 30, 2013 | |
Notes | ' |
5. Subsequent Events | ' |
5. Subsequent Events | |
The Company has evaluated events after the date of these financial statements through the date these financial statements were issued. There were no other material subsequent events as of that date. |
3_Related_Party_Transactions_D
3. Related Party Transactions (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Details | ' | ' |
Due to related parties | $123,114 | $79,889 |