Cefc Global Strategic (CGSH) 10-K 2 Jun 14 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Feb. 28, 2014	28-May-14	Aug. 31, 2013
Document and Entity Information [Abstract]	'	'	'
Entity Registrant Name	'CEFC GLOBAL STRATEGIC HOLDINGS, INC.	'	'
Entity Central Index Key	'0001519955	'	'
Trading Symbol	'cgsh	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Current Fiscal Year End Date	'--02-28	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Well-Known Seasoned Issuer	'No	'	'
Entity Common Stock, Shares Outstanding	'	6,900,000	'
Entity Public Float	'	'	$3,000
Document Type	'10-K	'	'
Document Period End Date	28-Feb-14	'	'
Amendment Flag	'false	'	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'FY	'	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Feb. 28, 2014	Feb. 28, 2013
Current	'	'
Cash	$8,826	$25,064
Prepaid Expenses	1,133	'
Total current assets	9,959	25,064
Total assets	9,959	25,064
Current	'	'
Accounts payable	2,778	'
Shareholder advances	91,676	44,930
Total current liabilities	94,454	44,930
Total liabilities	94,454	44,930
STOCKHOLDERS' DEFICIT	'	'
Authorized: 100,000,000 common shares with a par value of $0.001 Issued and Outstanding: 6,900,000 common shares	6,900	6,900
Additional paid in capital	42,100	42,100
Deficit accumulated during the development stage	-133,495	-68,866
Total stockholders' deficit	-84,495	-19,866
Total liabilities and stockholders' deficit	$9,959	$25,064

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	Feb. 28, 2014	Feb. 28, 2013
Statement Of Financial Position [Abstract]	'	'
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	6,900,000	6,900,000
Common stock, shares outstanding (in shares)	6,900,000	6,900,000

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended		41 Months Ended
	Feb. 28, 2014	Feb. 28, 2013	Feb. 28, 2014
Expenses	'	'	'
General and administrative	$64,629	$32,877	$133,495
Net loss	($64,629)	($32,877)	($133,495)
Basic and diluted loss per share (in dollars per share)	($0.01)	$0	'
Weighted average number of common shares outstanding (in shares)	6,900,000	6,900,000	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended		41 Months Ended
	Feb. 28, 2014	Feb. 28, 2013	Feb. 28, 2014
Cash Flows From Operating Activities	'	'	'
Net loss	($64,629)	($32,877)	($133,495)
Change in operating assets and liabilities:	'	'	'
Change in prepaid expenses	-1,133	'	-1,133
Change in accounts payable	2,778	-2,133	2,778
Cash flows used in operating activities	-62,984	-35,010	-131,850
Cash Flows From Financing Activities	'	'	'
Shareholder advances	46,746	44,930	91,676
Proceeds from sale of common stock	'	'	49,000
Cash flows provided by financing activities	46,746	44,930	140,676
Net change in cash	-16,238	9,920	8,826
Cash, beginning of period	25,064	15,144	'
Cash, end of period	8,826	25,064	8,826
Cash paid for:	'	'	'
Interest	'	'	'
Income taxes	'	'	'

CONSOLIDATED_STATEMENT_OF_STOC

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)	COMMON STOCK	Additional Paid-in Capital	Deficit accumulated during Development Stage	Total
Balance at Sep. 23, 2010	'	'	'	'
Balance (in shares) at Sep. 23, 2010	'	'	'	'
Common stock issued for cash	6,900	42,100	'	49,000
Common stock issued for cash (in shares)	6,900,000	'	'	'
Net loss	'	'	-917	-917
Balance at Feb. 28, 2011	6,900	42,100	-917	48,083
Balance (in shares) at Feb. 28, 2011	6,900,000	'	'	'
Net loss	'	'	-35,072	-35,072
Balance at Feb. 29, 2012	6,900	42,100	-35,989	13,011
Balance (in shares) at Feb. 29, 2012	6,900,000	'	'	6,900,000
Net loss	'	'	-32,877	-32,877
Balance at Feb. 28, 2013	6,900	42,100	-68,866	-19,866
Balance (in shares) at Feb. 28, 2013	6,900,000	'	'	6,900,000
Net loss	'	'	-64,629	-64,629
Balance at Feb. 28, 2014	$6,900	$42,100	($133,495)	($84,495)
Balance (in shares) at Feb. 28, 2014	6,900,000	'	'	6,900,000

NATURE_OF_OPERATIONS_AND_BASIS

NATURE OF OPERATIONS AND BASIS OF PRESENTATION	12 Months Ended
	Feb. 28, 2014
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
NATURE OF OPERATIONS AND BASIS OF PRESENTATION	'
	NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION
	CEFC Global Strategic Holdings, Inc., formerly Astra Ventures, Inc. (the “Company”) was incorporated in the State of Nevada on September 23, 2010, and its year-end is February 28.  In connection with the change of control which occurred on August 22, 2012 that is described below, the Company has become a development stage company that intends to operate a trading business for oil, fuel and other petroleum products.  In connection with its planned business operations, the Company formed a wholly owned subsidiary, China Ocean Fuel Oil (USA) Co., Limited (“China Ocean”), in Hong Kong on October 17, 2012.  However, China Ocean had no operations, assets or liabilities as of February 28, 2014.
	On December 10, 2013, the registrant’s name changed from Astra Ventures, Inc. to “CEFC Global Strategic Holdings, Inc.”  To effect the name change, we filed a Certificate of Amendment with the Nevada Secretary of State which became effective on December 10, 2013.  The name change pursuant to the Certificate of Amendment was approved by our board of directors and by holders of a majority of the issued and outstanding shares of the Company’s common stock.  The name change became effective on the Over-the-Counter Bulletin Board, where the registrant’s common stock is quoted for trading, at the open of business on December 10, 2013, under the new stock symbol “CGSH.”
	Going concern
	These consolidated financial statements have been prepared on a going concern basis. The Company has incurred losses since inception resulting in an accumulated deficit of $133,495 at February 28, 2014 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern.  Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due.  Management has plans to seek additional capital through a private placement of its common stock or further shareholder loans as needed.  These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Feb. 28, 2014
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of presentation
	These consolidated financial statements are presented in United States dollars and have been prepared in accordance with United States generally accepted accounting principles.
	The consolidated financial statements include the accounts of the Company’s wholly owned subsidiary, China Ocean Fuel Oil (USA) Co., Limited (“China Ocean”). All intercompany transactions, if any, are eliminated upon consolidations.
	Cash and cash equivalents
	The Company considers all highly liquid investments with an original maturity of six months or less, when purchased, to be cash equivalents.
	Use of estimates and assumptions
	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are readily apparent from other sources.  The actual results experienced by the Company may differ materially from the Company’s estimates.
	Basic and diluted net income (loss) per common share
	The Company computes net income (loss) per share in accordance with Financial Accounting Standards Codification (“ASC”) 260 “Earnings Per Share” which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement.  Basic EPS is computed by dividing income (loss) available to common stockholders (numerator) by the weighted average number of common shares outstanding (denominator) for the period.  Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method, and convertible preferred stock, using the if-converted method.  In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants.  Diluted EPS excludes all dilutive potential common shares if their effect is anti-dilutive.  Because the Company does not have any potentially dilutive securities, diluted loss per share is equal to the basic loss per share.
	Comprehensive Loss
	For all periods presented, the Company has no items that represent a comprehensive loss and, therefore, has not included a statement of comprehensive loss in these financial statements.
	Financial instruments
	The fair value of the Company’s financial instruments consisting of cash, accounts payable, and amounts due to related party approximate their carrying values due to the immediate or short-term maturity of these financial instruments.  The Company operates in China and therefore is exposed to foreign exchange risk.  It is management's opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments.
	Fair value of financial instruments
	The Company adopted ASC 820 “Fair Value Measurements”. ASC 820 defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows:
	Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
	Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly for substantially the full term of the financial instrument.
	Level 3 inputs to the valuation methodology are unobservable and significant to the fair measurement.
	The carrying amounts reported in the balance sheets for cash and cash equivalents, and current liabilities each qualify as financial instruments and are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest.
	Income taxes
	Deferred income taxes are provided for tax effects of temporary differences between the tax basis of asset and liabilities and their reported amounts in the financial statements.  The Company uses the liability method to account for income taxes, which requires deferred taxes to be recorded at the statutory rate expected to being in effect when the taxes are paid.  Valuation allowances are provided for a deferred tax asset when it is more likely than not that such asset will not be realized.
	Management evaluates tax positions taken or expected to be taken in a tax return.  The evaluation of a tax position includes a determination of whether a tax position should be recognized in the financial statements, and such a position should only be recognized if the Company determines that it is more likely than not that the tax position will be sustained upon examination by the tax authorities, based upon the technical merits of the position.  For those tax positions that should be recognized, the measurement of a tax position is determined as being the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement.
	Stock-based compensation
	The Company has not adopted a stock option plan and therefore has not granted any stock options. Accordingly, no stock-based compensation has been recorded to date.
	Foreign Currency Translation
	Foreign denominated monetary assets and liabilities are translated to their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date.  Expenses are translated at average rates of exchange during the period. Related translation adjustments are reported as a separate component of stockholders' equity, whereas gains or losses resulting from foreign currency transactions are included in results of operations.
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its subsidiary. All significant inter-company transactions and balances have been eliminated in consolidation. The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America.
	Recent Accounting Pronouncements
	Management does not anticipate that the recently issued but not yet effective accounting pronouncements will materially impact the Company’s financial conditions.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Feb. 28, 2014
Related Party Transactions [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	NOTE 3 – RELATED PARTY TRANSACTIONS
	Shareholder advances represent advances made to us by our majority shareholder, Sino Ocean Fuel Holdings Limited (formerly known as Formula One Investments Limited), for working capital purposes amounting to $91,676 and $44,930 at February 28, 2014 and 2013, respectively.  These advances are non-interest bearing, due upon demand and are unsecured.

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Feb. 28, 2014
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	NOTE 4 – INCOME TAXES
	As of February 28, 2014, the Company has estimated tax loss carry forwards for tax purpose of approximately $134,000, which expire beginning in 2031. These amounts may be applied against future taxable income. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization has not been determined to be more likely than not to occur.
	The actual income tax provisions differ from the expected amounts calculated by applying the statutory income tax rate to the Company’s loss before income taxes. The components of these differences are as follows:
		2014			2013
	Net operating loss		65,000			33,000
	Statutory tax rate		34	%		34	%
	Refundable federal income tax attributable to current operations		22,100			11,000
	Change in valuation allowance		(22,100	)		(11,000	)
	Net refundable amount		-			-
		2014			2013
	Deferred tax asset attributed to:
	Net operating loss		45,400			23,300
	Less: valuation allowance		(45,400	)		(23,300	)
	Net deferred tax asset		-			-

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Feb. 28, 2014
Accounting Policies [Abstract]	'
Basis of presentation	'
	Basis of presentation
	These consolidated financial statements are presented in United States dollars and have been prepared in accordance with United States generally accepted accounting principles.
	The consolidated financial statements include the accounts of the Company’s wholly owned subsidiary, China Ocean Fuel Oil (USA) Co., Limited (“China Ocean”). All intercompany transactions, if any, are eliminated upon consolidations.
Cash and cash equivalents	'
	Cash and cash equivalents
	The Company considers all highly liquid investments with an original maturity of six months or less, when purchased, to be cash equivalents.
Use of estimates and assumptions	'
	Use of estimates and assumptions
	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are readily apparent from other sources.  The actual results experienced by the Company may differ materially from the Company’s estimates.
Basic and diluted net income (loss) per common share	'
	Basic and diluted net income (loss) per common share
	The Company computes net income (loss) per share in accordance with Financial Accounting Standards Codification (“ASC”) 260 “Earnings Per Share” which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement.  Basic EPS is computed by dividing income (loss) available to common stockholders (numerator) by the weighted average number of common shares outstanding (denominator) for the period.  Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method, and convertible preferred stock, using the if-converted method.  In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants.  Diluted EPS excludes all dilutive potential common shares if their effect is anti-dilutive.  Because the Company does not have any potentially dilutive securities, diluted loss per share is equal to the basic loss per share.
Comprehensive Loss	'
	Comprehensive Loss
	For all periods presented, the Company has no items that represent a comprehensive loss and, therefore, has not included a statement of comprehensive loss in these financial statements.
Financial instruments	'
	Financial instruments
	The fair value of the Company’s financial instruments consisting of cash, accounts payable, and amounts due to related party approximate their carrying values due to the immediate or short-term maturity of these financial instruments.  The Company operates in China and therefore is exposed to foreign exchange risk.  It is management's opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments.
	Fair value of financial instruments
	The Company adopted ASC 820 “Fair Value Measurements”. ASC 820 defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows:
	Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
	Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly for substantially the full term of the financial instrument.
	Level 3 inputs to the valuation methodology are unobservable and significant to the fair measurement.
	The carrying amounts reported in the balance sheets for cash and cash equivalents, and current liabilities each qualify as financial instruments and are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest.
Income taxes	'
	Income taxes
	Deferred income taxes are provided for tax effects of temporary differences between the tax basis of asset and liabilities and their reported amounts in the financial statements.  The Company uses the liability method to account for income taxes, which requires deferred taxes to be recorded at the statutory rate expected to being in effect when the taxes are paid.  Valuation allowances are provided for a deferred tax asset when it is more likely than not that such asset will not be realized.
	Management evaluates tax positions taken or expected to be taken in a tax return.  The evaluation of a tax position includes a determination of whether a tax position should be recognized in the financial statements, and such a position should only be recognized if the Company determines that it is more likely than not that the tax position will be sustained upon examination by the tax authorities, based upon the technical merits of the position.  For those tax positions that should be recognized, the measurement of a tax position is determined as being the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement.
Stock-based compensation	'
	Stock-based compensation
	The Company has not adopted a stock option plan and therefore has not granted any stock options. Accordingly, no stock-based compensation has been recorded to date.
Foreign Currency Translation	'
	Foreign Currency Translation
	Foreign denominated monetary assets and liabilities are translated to their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date.  Expenses are translated at average rates of exchange during the period. Related translation adjustments are reported as a separate component of stockholders' equity, whereas gains or losses resulting from foreign currency transactions are included in results of operations.
Principles of Consolidation	'
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its subsidiary. All significant inter-company transactions and balances have been eliminated in consolidation. The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America.
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 conditions.

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Feb. 28, 2014
Income Tax Disclosure [Abstract]	'
Schedule of components of income tax expense (Benefit)	'
		2014			2013
	Net operating loss		65,000			33,000
	Statutory tax rate		34	%		34	%
	Refundable federal income tax attributable to current operations		22,100			11,000
	Change in valuation allowance		(22,100	)		(11,000	)
	Net refundable amount		-			-
Schedule of deferred tax assets and liabilities	'
		2014			2013
	Deferred tax asset attributed to:
	Net operating loss		45,400			23,300
	Less: valuation allowance		(45,400	)		(23,300	)
	Net deferred tax asset		-			-

NATURE_OF_OPERATIONS_AND_BASIS1

NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Detail Textuals) (USD $)	Feb. 28, 2014	Feb. 28, 2013
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'	'
Deficit accumulated during the development stage	($133,495)	($68,866)

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Detail Textuals) (USD $)	Feb. 28, 2014	Feb. 28, 2013
Related Party Transaction [Line Items]	'	'
Shareholder advances	$91,676	$44,930
Sino Ocean Fuel Holdings Limited	'	'
Related Party Transaction [Line Items]	'	'
Shareholder advances	$91,676	$44,930

INCOME_TAXES_Components_of_inc

INCOME TAXES - Components of income tax differences (Details) (USD $)	12 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
Income Tax Disclosure [Abstract]	'	'
Net operating loss	$65,000	$33,000
Statutory tax rate	34.00%	34.00%
Refundable federal income tax attributable to current operations	22,100	11,000
Change in valuation allowance	-22,100	-11,000
Net refundable amount	'	'

INCOME_TAXES_Components_of_def

INCOME TAXES - Components of deferred tax asset (Details 1) (USD $)	Feb. 28, 2014	Feb. 28, 2013
Deferred tax asset attributed to:	'	'
Net operating loss	$45,400	$23,300
Less: valuation allowance	-45,400	-23,300
Net deferred tax asset	'	'

INCOME_TAXES_Detail_Textuals

INCOME TAXES (Detail Textuals) (USD $)	Feb. 28, 2014
Income Tax Disclosure [Abstract]	'
Estimated tax loss carry forwards for tax purpose	$134,000