Wellness Matrix (WMGR) 10-Q 15 Dec 14 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Oct. 31, 2014	Dec. 11, 2014
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Oct-14
Trading Symbol	kwit
Entity Registrant Name	FUHUIYUAN INTERNATIONAL HOLDINGS Ltd
Entity Central Index Key	1527974
Current Fiscal Year End Date	-26
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		19,500,000
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2

INTERIM_CONSOLIDATED_BALANCE_S

INTERIM CONSOLIDATED BALANCE SHEETS (CAD)	Oct. 31, 2014	Apr. 30, 2014
Current
Due from related parties	0	87,656
Total Assets	0	87,656
Current
Accounts payable and accrued liabilities	4,212	163,400
Due to related parties -	114,643	1,096
Total Liabilities	118,855	164,496
STOCKHOLDERS' EQUITY (DEFICIT)
Capital Stock Authorized 100,000,000 common shares, voting, par value $.0001 each 90,000,000 preferred shares, par value $.0001 each Issued 19,500,000 common shares (April 30, 2014 - 19,500,000)	1,950	1,950
Additional paid in capital	107,916	107,916
Accumulated deficit	-231,774	-189,791
Accumulated other comprehensive income	3,053	3,085
Total Stockholders' Deficit	-118,855	-76,840
Total Liabilities and Stockholders' Deficit	0	87,656

INTERIM_CONSOLIDATED_BALANCE_S1

INTERIM CONSOLIDATED BALANCE SHEETS (Parenthetical) (CAD)	Oct. 31, 2014	Apr. 30, 2014
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Par Value Per Share	0.0001	0.0001
Preferred Stock, Shares Authorized	90,000,000	90,000,000
Preferred Stock, Par Value Per Share	0.0001	0.0001
Common Stock, Shares, Issued	19,500,000	19,500,000

INTERIM_CONSOLIDATED_STATEMENT

INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (CAD)	3 Months Ended		6 Months Ended
	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Revenues
Sales revenue	0	155,565	0	155,565
Cost of goods sold	0	124,452	0	124,452
Net Profit	0	31,113	0	31,113
Expenses
Administration fees	3,150	4,200	8,925	5,513
Consulting fees	0	0	1,575	0
Office and general	4,570	10,708	8,709	37,803
Professional fees	10,127	19,943	22,774	29,998
Total expenses	17,847	34,851	41,983	73,314
Net loss from continued operations	-17,847	-3,738	-41,983	-42,201
Loss from discontinued operations	0	-4,454	0	-11,633
Net loss	-17,847	-8,192	-41,983	-53,834
Other comprehensive income
Foreign currency translation	-39	596	-32	596
Comprehensive loss	-17,886	-7,596	-42,015	-53,238
Basic and diluted loss per share	0	0	0	0
Weighted average number of shares outstanding	19,500,000	21,346,154	19,500,000	18,138,587

INTERIM_CONSOLIDATED_STATEMENT1

INTERIM CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (CAD)	Common Stock [Member]	Additional Paid in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Equity attributable to Fuhuiyuan shareholders [Member]	Equity attributable to noncontrolling interest [Member]	Total
Beginning Balance at Apr. 30, 2013	1,500	73,261	-879,053		-804,292	31,500	-772,792
Beginning Balance (Shares) at Apr. 30, 2013	15,000,000
Shares issued for 100% of common shares of Fuhuiyuan International Goup (Holdings) Limited	750	49,307			50,057		50,057
Shares issued for 100% of common shares of Fuhuiyuan International Goup (Holdings) Limited (Shares)	7,500,000
Redemption of preferred shares						-26,500	-26,500
Sale of subsidiary	-300	-14,652	774,960		760,008	-5,000	755,008
Sale of subsidiary (Shares)	-3,000,000
Comprehensive loss for the year ended			-84,614	3,085	-81,529		-81,529
Dividends to noncontrolling interest			-1,084		-1,084		-1,084
Ending Balance at Apr. 30, 2014	1,950	107,916	-189,791	3,085	-76,840		-76,840
Ending Balance (Shares) at Apr. 30, 2014	19,500,000
Comprehensive loss for the year ended			-41,983	-32	-42,015		-42,015
Ending Balance at Oct. 31, 2014	1,950	107,916	-231,774	3,053	-118,855		-118,855
Ending Balance (Shares) at Oct. 31, 2014	19,500,000

INTERIM_CONSOLIDATED_STATEMENT2

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (CAD)	3 Months Ended		6 Months Ended
	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Operating activities
Net loss for period	-17,847	-8,192	-41,983	-53,834
Loss from discontinued operations	0	4,454	0	11,633
Changes in non-cash working capital balances
Accounts payable			-159,220	37,060
Due to (from) related parties			87,656	0
Net cash from continuing operations			-113,547	-5,141
Financing activities
Related party advance			113,547	1,096
Net cash from continuing financing activities			113,547	1,096
Cash flows from discontinued operations			0	3,685
Increase (decrease) in cash and cash equivalents during the period			0	-360
Cash and cash equivalents, beginning of the period			0	360
Cash and cash equivalents, end of the period	0	0	0	0
Supplemental information
Interest paid			0	0
Income taxes paid			0	0

NATURE_AND_CONTINUANCE_OF_OPER

NATURE AND CONTINUANCE OF OPERATIONS	6 Months Ended
	Oct. 31, 2014
NATURE AND CONTINUANCE OF OPERATIONS [Text Block]	NOTE 1 – NATURE AND CONTINUANCE OF OPERATIONS
	Fuhuiyuan International Holdings Limited (“Fuhuiyuan” or the “Corporation”), formerly KWest Investment International Ltd., was incorporated in the state of Nevada, United States on December 8, 2009.
	On June 7, 2010, the Corporation acquired KWest Investments & Development Inc. (“KWest Alberta”) of Edmonton, Alberta, Canada as its wholly owned subsidiary. KWest Alberta. was incorporated on September 29, 2008 with its head office located in Edmonton, Alberta, Canada and is specialized in real estate syndication.
	On August 15, 2013, the Corporation entered into a share exchange agreement with Fuhuiyuan International Group (Holdings) Limited (“Fuhuiyuan International”). In exchange for all the outstanding shares of common stock of Fuhuiyuan International, the Corporation issued an aggregate of 7,500,000 shares of common stock of the Corporation.
	Fuhuiyuan International is a newly formed trading company and it has recently entered into an agency agreement with Qingdao Fuhuiyuan Investment Co. Ltd. (“Qingdao Fuhuiyuan”) in which Qingdao Fuhuiyuan has appointed Fuhuiyuan International to act as its international agent to sell Qingdao Fuhuiyuan’s products, including cosmetics, jewelry, fashion clothing and accessories. Fuhuiyuan International collects payments made by overseas customers on behalf of Qingdao Fuhuiyuan and oversees all related activities and expenditures. In addition, Fuhuiyuan International handles all affairs relating to overseas transportation, customs declaration, customs clearance and payment of taxes.
	On January 1, 2014, the Corporation sold one of its subsidiaries, KWest Investments & Development Inc (See Note 5).
	These consolidated interim financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for the next twelve months. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and clarification of assets and liabilities should the Company be unable to continue as a going concern. At October 31, 2014, the Company has not yet achieved profitable operations and has accumulated losses of $231,774 since inception, both of which cast substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or the financial contributions of its shareholders through related party loans or new equity financing. There is no assurance that any of these events will take place in the next twelve months.

INTERIM_REPORTING

INTERIM REPORTING	6 Months Ended
	Oct. 31, 2014
INTERIM REPORTING [Text Block]	NOTE 2 – INTERIM REPORTING
	The interim condensed consolidated financial statements, which include the Corporation and its subsidiaries, KWest Investments & Development Inc. and Fuhuiyuan International Group (Holdings) Limited, are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. All significant inter-company accounts and transactions have been eliminated. These financial statements include 100% of the assets, liabilities, and net income or loss of its wholly-owned subsidiaries.
	While the information presented in the accompanying interim condensed consolidated financial statements is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented in accordance with accounting principles generally accepted in the United States of America. All adjustments are of a normal recurring nature. It is suggested that these interim condensed consolidated financial statements be read in conjunction with the Company’s April 30, 2014 annual consolidated financial statements. Operating results for the six month period ended October 31, 2014 are not necessarily indicative of the results that can be expected for the year ended April 30, 2015.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Oct. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Text Block]	NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	There have been no changes in accounting policies from those disclosed in the notes to the audited consolidated financial statements for the year ended April 30, 2014.
	Functional currency
	The Corporation’s functional currency is the Canadian dollar. All amounts shown on these statements are stated in Canadian dollars.

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Oct. 31, 2014
RECENT ACCOUNTING PRONOUNCEMENTS [Text Block]	NOTE 4 – RECENT ACCOUNTING PRONOUNCEMENTS
	The Corporation adopts new pronouncements relating to generally accepted accounting principles applicable to the Corporation as they are issued, which may be in advance of their effective date. Management does not believe that any recently issued, but not yet effective accounting standards, if currently adopted, would have a material effect on the accompanying financial statements.

DISPOSITION_OF_SUBSIDIARY

DISPOSITION OF SUBSIDIARY	6 Months Ended
	Oct. 31, 2014
DISPOSITION OF SUBSIDIARY [Text Block]	NOTE 5 – DISPOSITION OF SUBSIDIARY
	On January 17, 2014, the Corporation closed a Share Purchase and Sale Agreement pursuant to which the Corporation sold to 4 shareholders 100% of the issued and outstanding shares of common stock in its wholly owned subsidiary, KWest Investments & Development Inc. (“KWest Alberta”). In consideration, the 4 purchasers paid $110 ($100 USD) in cash and tendered to the Corporation for cancellation 3,000,000shares of common stock in the Company.
	As a result of the disposition, the Corporation eliminated the following accounts and amounts from its consolidated balance sheet
	Cash	$	29,576
	Current assets		52,400
	Property and equipment		31,723
	Current liabilities		(594,632	)
	Long-term liabilities		(274,074	)
	Additional paid in capital		(20,389	)
	Preferred shares – noncontrolling interest		5,000

RELATED_PARTY_TRANSACTIONS_AND

RELATED PARTY TRANSACTIONS AND BALANCES	6 Months Ended
	Oct. 31, 2014
RELATED PARTY TRANSACTIONS AND BALANCES [Text Block]	NOTE 6 – RELATED PARTY TRANSACTIONS AND BALANCES
	The following are related transaction balances with related parties for the period ended October 31, 2014:
			31-Oct-14				30-Apr-14
			Current		Non-Current		Current		Non-Current
	Due to related party	$	114,643	$	-	$	1,096	$	-
	Due from related party	$	-	$	-	$	87,656	$	-
	Current advances from related parties represent advances from a shareholder, advances from a Corporation with common management and advances from a party related to a shareholder. The advances are without interest and have no specified repayment terms.

CAPITAL_STOCK

CAPITAL STOCK	6 Months Ended
	Oct. 31, 2014
CAPITAL STOCK [Text Block]	NOTE 7 - CAPITAL STOCK
	On April 28, 2010, the Corporation issued 5,445,000 common shares of the Corporation for gross proceed of $92,817 by way of private placement.
	On June 7, 2010, the Corporation issued 9,555,000 common shares of the Corporation in exchange for 100% of the outstanding common shares of KWest Investments & Development Inc. The transaction was accounted for as a reverse merger and a retroactive recapitalization.
	On August 15, 2013, the Corporation issued 7,500,000 common shares of in exchange for all the outstanding shares of common stock of Fuhuiyuan International.
	On January 31, 2014, the Corporation cancelled 3,000,000 common shares of the Corporation as a result of the disposal of its subsidiary (See Note 5).
	As at October 31, 2014, there were no warrants or options outstanding.

Recovered_Sheet1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Oct. 31, 2014
Functional Currency [Policy Text Block]	Functional currency
	The Corporation’s functional currency is the Canadian dollar. All amounts shown on these statements are stated in Canadian dollars.

DISPOSITION_OF_SUBSIDIARY_Tabl

DISPOSITION OF SUBSIDIARY (Tables)	6 Months Ended
	Oct. 31, 2014
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	Cash	$	29,576
	Current assets		52,400
	Property and equipment		31,723
	Current liabilities		(594,632	)
	Long-term liabilities		(274,074	)
	Additional paid in capital		(20,389	)
	Preferred shares – noncontrolling interest		5,000

RELATED_PARTY_TRANSACTIONS_AND1

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)	6 Months Ended
	Oct. 31, 2014
Schedule of Related Party Transactions [Table Text Block]			31-Oct-14				30-Apr-14
			Current		Non-Current		Current		Non-Current
	Due to related party	$	114,643	$	-	$	1,096	$	-
	Due from related party	$	-	$	-	$	87,656	$	-

NATURE_AND_CONTINUANCE_OF_OPER1

NATURE AND CONTINUANCE OF OPERATIONS (Narrative) (Details) (CAD)	6 Months Ended
	Oct. 31, 2014
Nature And Continuance Of Operations 1	7,500,000
Nature And Continuance Of Operations 2	231,774

INTERIM_REPORTING_Narrative_De

INTERIM REPORTING (Narrative) (Details)	6 Months Ended
	Oct. 31, 2014
Interim Reporting 1	100.00%

DISPOSITION_OF_SUBSIDIARY_Narr

DISPOSITION OF SUBSIDIARY (Narrative) (Details) (CAD)	6 Months Ended
	Oct. 31, 2014
Disposition Of Subsidiary 1	4
Disposition Of Subsidiary 2	100.00%
Disposition Of Subsidiary 3	4
Disposition Of Subsidiary 4	110
Disposition Of Subsidiary 5	100

CAPITAL_STOCK_Narrative_Detail

CAPITAL STOCK (Narrative) (Details) (CAD)	6 Months Ended
	Oct. 31, 2014
Capital Stock 1	5,445,000
Capital Stock 2	92,817
Capital Stock 3	9,555,000
Capital Stock 4	100.00%
Capital Stock 5	7,500,000
Capital Stock 6	3,000,000

Schedule_of_Disposal_Groups_In

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures (Details) (CAD)	6 Months Ended
	Oct. 31, 2014
Disposition Of Subsidiary Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 1	29,576
Disposition Of Subsidiary Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 2	52,400
Disposition Of Subsidiary Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 3	31,723
Disposition Of Subsidiary Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 4	-594,632
Disposition Of Subsidiary Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 5	-274,074
Disposition Of Subsidiary Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 6	-20,389
Disposition Of Subsidiary Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 7	5,000

Schedule_of_Related_Party_Tran

Schedule of Related Party Transactions (Details) (CAD)	6 Months Ended
	Oct. 31, 2014
Related Party Transactions And Balances Schedule Of Related Party Transactions 1	114,643
Related Party Transactions And Balances Schedule Of Related Party Transactions 2	0
Related Party Transactions And Balances Schedule Of Related Party Transactions 3	1,096
Related Party Transactions And Balances Schedule Of Related Party Transactions 4	0
Related Party Transactions And Balances Schedule Of Related Party Transactions 5	0
Related Party Transactions And Balances Schedule Of Related Party Transactions 6	0
Related Party Transactions And Balances Schedule Of Related Party Transactions 7	87,656
Related Party Transactions And Balances Schedule Of Related Party Transactions 8	0