Cefc Global Strategic (CGSH) 10-K 3 Jun 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Feb. 29, 2016	Jun. 02, 2016	Aug. 31, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	CEFC GLOBAL STRATEGIC HOLDINGS, INC.
Entity Central Index Key	1,519,955
Trading Symbol	cgsh
Amendment Flag	false
Current Fiscal Year End Date	--02-29
Document Type	10-K
Document Period End Date	Feb. 29, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Filer Category	Smaller Reporting Company
Entity Voluntary Filers	Yes
Entity Current Reporting Status	Yes
Entity Well-known Seasoned Issuer	No
Entity Public Float			$ 3,000
Entity Common Stock, Shares Outstanding		6,900,000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Feb. 29, 2016	Feb. 28, 2015
Current assets
Cash	$ 40,480	$ 55,658
Prepaid Expenses
Total assets	$ 40,480	$ 55,658
Current liabilities
Accounts payable	100	1,000
Due to related party	249,451	199,472
Total current liabilities	249,551	200,472
STOCKHOLDERS' DEFICIT
Common stock Authorized: 100,000,000 common shares with a par value of $0.001 Issued and outstanding: 6,900,000 common shares as of February 29, 2016 and 2015	6,900	6,900
Additional paid in capital	42,100	42,100
Accumulated deficit	(258,071)	(193,814)
Total stockholders' deficit	(209,071)	(144,814)
Total liabilities and stockholders' deficit	$ 40,480	$ 55,658

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Feb. 29, 2016	Feb. 28, 2015
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	6,900,000	6,900,000
Common stock, shares outstanding	6,900,000	6,900,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
OPERATING EXPENSES
General and administrative	$ (64,257)	$ (60,319)
NET LOSS	$ (64,257)	$ (60,319)
Basic And Diluted Loss Per Share	$ (0.01)	$ (0.01)
Weighted Average Number Of Common Shares Outstanding - Basic and Diluted	6,900,000	6,900,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (64,257)	$ (60,319)
Change in prepaid expenses		1,133
Change in accounts payable	$ (900)	(1,778)
CASH FLOWS USED IN OPERATING ACTIVITIES	(65,157)	(60,964)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from shareholder advances	49,979	107,796
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	49,979	107,796
NET CHANGE IN CASH	(15,178)	46,832
Cash, beginning of period	55,658	8,826
Cash, end of period	$ 40,480	$ 55,658
Supplemental cash flow information:
Interest paid
Taxes paid

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Deficit - USD ($)	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit
Balance at Feb. 28, 2014	$ (84,495)	$ 6,900	$ 42,100	$ (133,495)
Balance, shares at Feb. 28, 2014		6,900,000
Net loss	(60,319)			(60,319)
Balance at Feb. 28, 2015	(144,814)	$ 6,900	$ 42,100	(193,814)
Balance, shares at Feb. 28, 2015		6,900,000
Net loss	(64,257)			(64,257)
Balance at Feb. 29, 2016	$ (209,071)	$ 6,900	$ 42,100	$ (258,071)
Balance, shares at Feb. 29, 2016		6,900,000

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	12 Months Ended
	Feb. 29, 2016
Nature of Operations and Basis of Presentation [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 29, 2016. 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 $258,071 at February 29, 2016 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 Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Feb. 29, 2016
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Development Stage Company The Company has elected to adopt application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements; it no longer presents or discloses inception-to-date information and other remaining disclosure requirements of Topic 915. Although the Company is operational, it has not generated any revenue and is currently seeking additional funding to sustain its operations. The Company’s activities are subject to significant risks and uncertainties including failure to secure additional funding to properly execute the Company’s business plan. 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 (“GAAP”). 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 three months or less, when purchased, to be cash equivalents. Use of estimates and assumptions The preparation of financial statements in conformity with GAAP 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 from the Company’s estimates. Management believes that these estimates and assumptions provide a reasonable basis for the presentation of the financial statements. 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. 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. Foreign Currency Translation The Company's functional and reporting currency is the United States dollar. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate expenses. Revenue and expenses are translated at average rates of exchange during the year. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of net income (loss). The Company has not, to the date of these financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. 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. The Company’s income tax returns are subject to examination by the relevant taxing authorities for the tax years 2013 and forward. 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. 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. 29, 2016
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 $249,451 and $199,472 at February 29, 2016 and February 28, 2015, respectively. These advances are non-interest bearing, due upon demand and are unsecured.

Income Taxes

Income Taxes	12 Months Ended
	Feb. 29, 2016
Income Taxes [Abstract]
INCOME TAXES	NOTE 4 – INCOME TAXES As of February 29, 2016, the Company has estimated tax loss carry forwards for tax purpose of approximately $258,000, 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: 2016 2015 Net operating loss 64,300 60,000 Statutory tax rate 34 % 34 % Provisional federal income tax attributable to current operations 21,900 20,000 Change in valuation allowance (21,900 ) (20,000 ) Net provisional amount - - 2016 2015 Deferred tax asset attributed to: Net operating loss 87,300 65,400 Less: valuation allowance (87,300 ) (65,400 ) Net deferred tax asset - -

Capital Stock

Capital Stock	12 Months Ended
	Feb. 29, 2016
Capital Stock [Abstract]
CAPITAL STOCK	NOTE 5 – CAPITAL STOCK The total number of common shares authorized that may be issued by the Company is 100,000,000 shares with a par value of $0.001 per share. At February 29, 2016, there were no outstanding stock options or warrants.

Summary of Significant Accoun12

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Feb. 29, 2016
Summary of Significant Accounting Policies [Abstract]
Development Stage Company	Development Stage Company The Company has elected to adopt application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements; it no longer presents or discloses inception-to-date information and other remaining disclosure requirements of Topic 915. Although the Company is operational, it has not generated any revenue and is currently seeking additional funding to sustain its operations. The Company’s activities are subject to significant risks and uncertainties including failure to secure additional funding to properly execute the Company’s business plan.
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 (“GAAP”). 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 three 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 GAAP 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 from the Company’s estimates. Management believes that these estimates and assumptions provide a reasonable basis for the presentation of the financial statements.
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.
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.
Foreign Currency Translation	Foreign Currency Translation The Company's functional and reporting currency is the United States dollar. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate expenses. Revenue and expenses are translated at average rates of exchange during the year. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of net income (loss). The Company has not, to the date of these financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations.
Fair value of 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. The Company’s income tax returns are subject to examination by the relevant taxing authorities for the tax years 2013 and forward.
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.
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. 29, 2016
Income Taxes [Abstract]
Summary of components of income tax expense	2016 2015 Net operating loss 64,300 60,000 Statutory tax rate 34 % 34 % Provisional federal income tax attributable to current operations 21,900 20,000 Change in valuation allowance (21,900 ) (20,000 ) Net provisional amount - -
Schedule of deferred tax asset and liabilities	2016 2015 Deferred tax asset attributed to: Net operating loss 87,300 65,400 Less: valuation allowance (87,300 ) (65,400 ) Net deferred tax asset - -

Nature of Operations and Basi14

Nature of Operations and Basis of Presentation (Details) - USD ($)	Feb. 29, 2016	Feb. 28, 2015
Nature of Operations and Basis of Presentation (Textual)
Accumulated deficit	$ (258,071)	$ (193,814)

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Feb. 29, 2016	Feb. 28, 2015
Related Party Transactions (Textual)
Shareholder advances by Sino Ocean Fuel Holdings for working capital purposes	$ 249,451	$ 199,472

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
Income Taxes [Abstract]
Net operating loss	$ 64,300	$ 60,000
Statutory tax rate	34.00%	34.00%
Provisional federal income tax attributable to current operations	$ 21,900	$ 20,000
Change in valuation allowance	$ (21,900)	$ (20,000)
Net provisional amount

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	Feb. 29, 2016	Feb. 28, 2015
Deferred tax asset attributed to:
Net operating loss	$ 87,300	$ 65,400
Less: valuation allowance	$ (87,300)	$ (65,400)
Net deferred tax asset

Income Taxes (Details Textual)

Income Taxes (Details Textual)	12 Months Ended
	Feb. 29, 2016USD ($)
Income Taxes (Textual)
Estimated tax loss carry forwards for tax purpose	$ 258,000
Loss carry forwards, expiration date	Feb. 28, 2031

Capital Stock (Details)

Capital Stock (Details) - $ / shares	Feb. 29, 2016	Feb. 28, 2015
Capital Stock (Textual)
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000