Winha International (WINH) 10-Q 17 Feb 15 2015 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Dec. 31, 2014	Feb. 17, 2015
Document and Entity Information:
Entity Registrant Name	WINHA INTERNATIONAL GROUP LTD
Document Type	10-Q
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Entity Central Index Key	1584057
Current Fiscal Year End Date	-28
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	2015
Document Fiscal Period Focus	Q3
Entity Common Stock, Shares Outstanding		49,989,500
Entity Incorporation, Date of Incorporation	15-Apr-13
Entity Incorporation, State Country Name	Nevada

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2014	Mar. 31, 2014
Current assets:
Cash and cash equivalents	$270,969	$155,160
Accounts receivable	980,895
Other accounts receivable-external	151,710	205,604
Inventory	1,904,522	41,254
Prepaid expenses	73,257	338
Total Current Assets	3,381,353	402,356
Non-current assets
Fixed assets, net	433,546	54,120
Intangible assets, net	6,529	7,440
Website	32,191	22,730
Total non-current assets	472,266	84,290
Total Assets	3,853,619	486,646
Current liabilities:
Accounts payable-external	478,883	2,471
Advance from customers	439,147	433,283
Deferred revenue		6,264
Taxes payable	352,877
Accrued liabilities and other payables	52,197	180,542
Loan from shareholders	3,129	0
Total current liabilities	1,326,233	622,560
Stockholders' equity:
Common stock, $0.001 par value per share, 200,000,000 shares authorized; 49,989,500 shares issued and outstanding as of December 31, 2014 and March 31, 2014	49,990	49,990
Additional paid-in capital	2,094,936	810,495
Statutory reserve	139,591	0
Retained earnings (deficit)	242,979	-999,933
Other comprehensive (loss)	-109	-12
Stockholders' equity before noncontrolling interests	2,527,387	-139,460
Noncontrolling interests		3,546
Total stockholders' equity (deficit)	2,527,387	-135,914
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$3,853,619	$486,646

CONSOLIDATED_BALANCE_SHEETS_PA

CONSOLIDATED BALANCE SHEETS PARENTHETICAL (USD $)	Dec. 31, 2014	Mar. 31, 2014
CONSOLIDATED BALANCE SHEETS PARENTHETICAL
Common stock par value	$0.00	$0.00
Common stock shares authorized	200,000,000	200,000,000
Common stock shares issued	49,989,500	49,989,500
Common stock shares outstanding	49,989,500	49,989,500

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS)
Revenues	$3,191,550	$6,651	$5,441,739	$6,651
Cost of revenue	1,433,748	4,479	2,392,794	4,479
GROSS PROFIT	1,757,803	2,172	3,048,945	2,172
OPERATING EXPENSES
Selling and marketing	114,400	333	354,697	196
General and administrative	311,693	229,573	974,553	701,288
Total Operating Expenses	426,093	229,606	1,329,250	701,484
Income (loss) from operations	1,331,709	-227,434	1,719,695	-699,312
Other income (expense)
Other non-operating income	879	52	2,226	52
Other non-operating (expenses)	-6,846	-856	-16,118	-1,021
Total other (expense)	-5,967	-804	-13,891	-969
Income (loss) before provision for income taxes	1,325,743	-228,238	1,705,804	-700,281
Provision for income taxes	323,301		323,301
Net income (loss)	1,002,442	-228,238	1,382,503	-700,281
Noncontrolling interests		-224		-224
Net income (loss) attributable to common stockholders	1,002,442	-228,014	1,382,503	-700,057
Earnings (loss) per common share, basic and diluted	$0.02		$0.03	($0.01)
Weighted average shares outstanding, basic and diluted	49,989,500	49,989,500	49,989,500	49,923,759
Comprehensive income (loss):
Net profit (loss)	1,002,442	-228,238	1,705,804	-700,281
Foreign currency translation adjustment	273	804	-97	982
Comprehensive income (loss)	1,002,715	-227,434	1,382,406	-699,300
Comprehensive (loss) attributable to noncontrolling interests		-183		-183
Comprehensive income (loss) attributable to common stockholders	$1,002,715	($227,251)	$1,382,406	($699,116)

CONSOLIDATED_STATEMENT_OF_CHAN

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Common stock	Additional Paid-in Capital	Retained Earnings (Deficit)	Other Comprehensive (loss)	Statutory Reserve Fund	Noncontrolling Interests	Total
Balance at Mar. 31, 2014	$49,990	$810,495	($999,933)	($12)		$3,546	($135,914)
Additional capital contribution from principal stockholders		1,287,383					1,287,383
Net income (loss)			1,382,503				1,382,503
Purchase of non-controlling interests		-2,942				-3,546	-6,488
Foreign currency translation adjustment				-97			-97
Profit allocated to statutory reserve			-139,591		139,591
Balance at Dec. 31, 2014	$49,990	$2,094,936	$242,979	($109)	$139,591		$2,527,387

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income (loss)	$1,382,503	($700,281)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	39,315	432
Issuance of common stock for compensation		99,979
Changes in operating assets and liabilities:
(Increase) in accounts receivable	-927,001	-176,974
(Increase) in prepaid expenses	-72,919	-78,136
(Increase) in inventory	-1,863,268	-2,745
Increase in accounts payable	219,478
Increase in other accounts payable	256,934
(Decrease) in deferred revenue	-6,264
Increase in advance from customers	5,864	201,920
Increase in taxes payable	352,877
(Decrease) increase in accrued liabilities and other payables	-128,345	103,711
Net cash (used in) operating activities	-740,826	-552,094
Cash flows from investing activities:
Purchase of non-controlling interest	-6,488
Payments for website expansion	-10,145	-21,560
Purchase of fixed assets	-417,147	-16,546
Net cash (used in) investing activities	-433,780	-38,106
Cash flows from financing activities:
Capital contribution from stockholders	1,287,383	692,077
Proceeds from sale of common stock		13,950
Proceeds from non-controlling interest		6,382
Loan from shareholder	3,129
Net cash provided by financing activities	1,290,512	712,409
Effect of exchange rate changes on cash	-97	960
Net change in cash	115,809	123,169
Cash, beginning	155,160
Cash, end	270,969	123,169
Cash paid for:
Interest
Income taxes	$193,793

Note_1_Organization

Note 1. Organization	9 Months Ended
	Dec. 31, 2014
Notes
Note 1. Organization	NOTE 1.   ORGANIZATION
	WINHA International Group Limited (“WINHA International”) was incorporated in Nevada on April 15, 2013. The subsidiaries of the Company and their principal activities are described as follows:
	WINHA International and its subsidiaries are collectively referred to as the “Company”. The Company retails local specialty products from different regions across China through its seven self-operated physical stores, the Company also plans to develop its website, mobile store and set-top boxes for television sets as it expands its sales platform, and hopes to create a regional wholesale distributor network. The Company’s business model utilizes a multi-channel shopping platform to sell locally-produced food, beverages, and arts and crafts that are well-known across China. Through this comprehensive shopping platform, the Company provides customers with access to a variety of local products that can typically only be found in local stores or markets in specific regions of China.
	BUSINESS MODEL
	The Company operates its business through a variable interest entity, Zhongshan WINHA Electronic Commerce Company Limited (“Zhongshan WINHA”) which currently operates three stores and three branches and also has a wholly owned limited liability subsidiary company, Zhongshan Supermarket Limited. The Company obtained the controlling interest in Zhongshan WINHA via Shenzhen WINHA through a series of contractual arrangements. The following chart demonstrates the Company’s current corporate structure.
			Equity Ownership			Contractual Arrangement
		PILOT International Investment Company Limited					Minority Shareholders
		(an Anguilla company)
		97.72%						2.28%
			WINHA International Group Limited
			(a Nevada company)
					100%
			C&V International Holdings Company Limited
			(a Cayman company)
					100%
		WINHA International Investment Holdings Company Limited
		(a Hong Kong company)						Off-shore
					100%
		Shenzehn WINHA Information Technology Company, Ltd.
		(a wholly foreign owned enterprise in PRC)
					100%
		Zhongshan WINHA Electronic Commerce Company Limited (2)
		(a PRC limited liability company)
		100%					100%
	Zhongshan Supermarket Limited
	(a PRC limited liability subsidiary)
				Sanshui		Sunde		Chancheng	Three
				Branch, LLC		Branch, LLC		Branch, LLC	Stores

Note_2_Summary_of_Significant_

Note 2. Summary of Significant Accounting Policies	9 Months Ended
	Dec. 31, 2014
Notes
Note 2. Summary of Significant Accounting Policies	NOTE 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	BASIS OF ACCOUNTING AND PRESENTATION
	The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information under Article 8 “Financial Statements of Smaller Reporting Companies” of Regulation S-X.
	Accordingly, they do not include all of the information and notes required by U.S. GAAP for financial statements and should be read in conjunction with the audited consolidated financial statements and notes related thereto contained in the Company’s Annual Report on Form 10-K as of and for the year ended March 31, 2014. In the opinion of Management, these financial statements contain all adjustments necessary for a fair presentation for and as of the end of the interim period, all of which were normal recurring adjustments. The results of operations for the three and nine months ended December 31, 2014 are not necessarily indicative of the results to be expected for the full year ending March 31, 2015. All consolidated financial statements and notes to the consolidated financial statements are presented in United States dollars (“US Dollar” or “US$” or “$”).
	The Company’s fiscal year end is March 31.
	VARIABLE INTEREST ENTITY
	Pursuant to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810, “Consolidation” (“ASC 810”), the Company is required to include in its consolidated financial statements the financial statements of its variable interest entities (“VIEs”).  ASC 810 requires a VIE to be consolidated by a company if that company is subject to a majority of the risk of loss for the VIE or is entitled to receive a majority of the VIE’s residual returns. VIEs are those entities in which a company, through contractual arrangements, bears the risk of, and enjoys the rewards normally associated with ownership of the entity, and therefore the company is the primary beneficiary of the entity.
	Under ASC 810, a reporting entity has a controlling financial interest in a VIE, and must consolidate that VIE, if the reporting entity has both of the following characteristics: (a) the power to direct the activities of the VIE that most significantly affect the VIE’s economic performance; and (b) the obligation to absorb losses, or the right to receive benefits, that could potentially be significant to the VIE.  The reporting entity’s determination of whether it has this power is not affected by the existence of kick-out rights or participating rights, unless a single enterprise, including its related parties and de facto agents, have the unilateral ability to exercise those rights. Zhongshan WINHA’s actual stockholders do not hold any kick-out rights that affect the consolidation determination.
	The consolidated financial statements include the accounts of the Company, its subsidiaries and its VIE for which it is deemed the primary beneficiary. All significant inter-company accounts and transactions have been eliminated in consolidation.
	The Company evaluates the need to consolidate its VIE in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support.
	The VIE agreements were not consummated until August 1, 2013. However, the purpose and design of the establishment of the VIE, Zhongshan WINHA, was to be consolidated under the Company through common control. ASC 810-10-25-38F states that a reporting entity’s involvement in the design of a VIE may indicate that the reporting entity had the opportunity and the incentive to establish arrangements that result in the reporting entity being the variable interest holder with the power to direct the activities that most significantly impact the VIE’s economic performance. As both the Company and the VIE, Zhongshan WINHA, were under the common control of Ms. Lai immediately before and after the acquisition, this transaction was accounted for as a merger under common control, using merger accounting as if the merger had been consummated at the beginning of the earliest period presented, and no gain or loss was recognized. All the assets and liabilities of the VIE, Zhongshan WINHA, are recorded at carrying value. Hence, Zhongshan WINHA was consolidated with the Company since its inception due to the purpose and design of its establishment.
	The following financial statement amounts and balances of Zhongshan WINHA have been included in the accompanying consolidated financial statements.
			31-Dec-14		March 31,     2014
			(Unaudited)
	Total assets		$	3,853,619	$	389,357
	Total liabilities		$	1,155,031	$	463,680
		For the three months ended December 31,						For the nine months ended December 31,		April 15, 2013 (inception) through December 31,
			2014		2013			2014		2013
			(Unaudited)		(Unaudited)			(Unaudited)		(Unaudited)
	Net income (loss)		$	1,002,442	$	-104,604		$	1,400,966	$	-252,559
	USE OF ESTIMATES
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain 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 periods.  Actual results could differ from those estimates.
	FOREIGN CURRENCY TRANSLATION
	Almost all Company assets are located in the PRC.  The functional currency for the majority of the Company’s operations is the Renminbi (“RMB”).  The Company uses the United States Dollar (“US Dollar” or “US$” or “$”) for financial reporting purposes.  The financial statements of the Company have been translated into US dollars in accordance with FASB ASC 830, “Foreign Currency Matters.”
	All asset and liability accounts have been translated using the exchange rate in effect at the balance sheet date. Equity accounts have been translated at their historical exchange rates when the capital transactions occurred.  Statements of operations, changes in stockholders’ equity (deficit) and cash flow amounts have been translated using the average exchange rate for the periods presented.  Adjustments resulting from the translation of the Company’s financial statements are recorded as other comprehensive income (loss).
	The exchange rates used to translate amounts in RMB into US dollars for the purposes of preparing the financial statements are as follows:
		31-Dec-14		31-Mar-14
	Balance sheet items, except for stockholders’ equity, as of year or period end
		0.1625		0.1622
					For the nine months ended December 31,		April 15, 2013 (inception) through December 31,
		For the three months ended December 31,
		2014		2013	2014		2013
	Amounts included in the statements of operations, statements of changes in stockholders’ equity (deficit) and statements of cash flows for the period			0.1621			0.1617
		0.1628			0.1624
	For the three months ended December 31, 2014 and 2013, foreign currency translation adjustments of $273 and $804, respectively, have been reported as other comprehensive income. For the nine months ended December 31, 2014 and for the period from April 15, 2013 (inception) through December 31, 2013, foreign currency translation adjustments of $(97) and $982 have been reported as other comprehensive income. Other comprehensive income of the Company consists entirely of foreign currency translation adjustments.  Pursuant to ASC 740-30-25-17, “Exceptions to Comprehensive Recognition of Deferred Income Taxes,” the Company does not recognize deferred U.S. taxes related to the undistributed earnings of its foreign subsidiaries and, accordingly, recognizes no income tax expense or benefit from foreign currency translation adjustments.
	Although government regulations now allow convertibility of the RMB for current account transactions, significant restrictions still remain.  Hence, such translations should not be construed as representations that the RMB could be converted into US dollars at that rate or any other rate.
	The value of the RMB against the US dollar and other currencies may fluctuate and is affected by, among other things, changes in the PRC’s political and economic conditions. Any significant revaluation of the RMB may materially affect the Company’s financial condition in terms of US dollar reporting.
	WEBSITE DEVELOPMENT COSTS
	The Company accounts for website development costs in accordance with ASC 350-50, "Accounting for Website Development Costs", wherein website development costs are segregated into three activities:
	1.                  Initial stage (planning), in which the related costs are expensed.
	2.                  Development stage (web application, infrastructure, graphics), in which the related costs are capitalized and amortized once the website is ready for use. Costs for development content of the website may be expensed or capitalized depending on the circumstances of the expenditures.
	3.                  Operating stage, in which the related costs are expensed as incurred. Upgrades are usually expensed, unless they add additional functionality.
	The Company has incurred $10,145 and $21,560 of website development costs as intangible assets for the nine months ended December 31, 2014 and for the period from April 15, 2013 (inception) to December 31, 2013, respectively.  These costs related to the development of graphics for the Company’s online sales platform, which is currently in use and being amortized. The costs related to expansion of the website, which currently is being developed, has been capitalized as “website”. These costs were $32,191 and $21,689 for the nine months ended December 31, 2014 and for the period from April 15, 2013 (inception) to December 31, 2013, respectively,
	COMPREHENSIVE INCOME (LOSS)
	The Company follows the provisions of the FASB ASC 220 “Reporting Comprehensive Income”, and establishes standards for the reporting and display of comprehensive income, its components and accumulated balances in a full set of general purpose financial statements. For the three and nine months ended December 31, 2014, for the three months ended December 31, 2013 and for the period from April 15, 2013 (inception) to December 31, 2013, the Company’s comprehensive income (loss) includes the net income (loss) and foreign currency translation adjustments.
	REVENUE RECOGNITION
	The Company recognizes or plans to recognize revenue from the following channels:
	·                     Retail stores - The Company recognizes sales revenue from its seven retail stores, net of sales taxes and estimated sales returns at the time it sells merchandise to the customer. Customer purchases of shopping cards are not recognized as revenue until the card is redeemed and the customer purchases merchandise by using the shopping card. Revenue generated from retail stores was $127,134 and $0 for three months ended December 31, 2014 and 2013, respectively. Revenue generated from retail stores was $501,708 and $0 for the nine months ended December 31, 2014 and the period from April 15, 2013 (inception) to December 31, 2013, respectively.
	·                     Online store – No revenue from the online store was generated from April 15, 2013 (inception) to December 31, 2014.
	·                     Consignment sales – For the sales of goods which are in our retail stores as merchandise on consignment without being included in the Company’s inventory, revenue is recognized on a net basis. Revenue generated from consignment sales was $0 and $3,580, respectively, for the three and nine months ended December 31, 2014 and no revenue for the period from April 15, 2013 (inception) to December 31, 2013.
	·                     Custom-made sales - The Company started “Custom-made” sales in August 2014. The target customers are commercial customers who can order in the Company’s local stores and make full payments on site. All orders are forwarded to Zhongshan WINHA immediately which arranges the delivery. Revenue from the sale of products is recognized upon delivery to customers provided that there are no uncertainties regarding customer acceptance, there is persuasive evidence of an arrangement, the sales price is fixed and determinable. Revenue generated from custom-made sales was $1,875,615 and $0 for the three months ended December 31, 2014, and 2013. Revenue generated from custom-made sales was $4,940,031 and $0 for the nine months ended December 31, 2014 and for the period from April 15, 2013 (inception) to December 31, 2014.
	Zhongshan WINHA grants certain commercial customers limited rights to return products and provides price protection for inventories held by resellers at the time of published price reductions. Zhongshan WINHA establishes an estimated allowance for future product returns based upon historical returns experience when the related revenue is recorded and provides for appropriate price protection reserves when pricing adjustments are approved.
	Per Zhongshan WINHA’s return policy, customers can return their merchandise in the original box and/or packaging within 7 days. There were no sales returns for the period from April 15, 2013 (inception) to December 31, 2014.
	VULNERABILITY DUE TO OPERATIONS IN PRC
	The Company’s operations may be adversely affected by significant political, economic and social uncertainties in the PRC.  Although the PRC government has been pursuing economic reform policies for more than twenty years, no assurance can be given that the PRC government will continue to pursue such policies or that such policies may not be significantly altered, especially in the event of a change in leadership, social or political disruption or unforeseen circumstances affecting the PRC’s political, economic and social conditions.  There is also no guarantee that the PRC government’s pursuit of economic reforms will be consistent, effective or continue.
	CASH AND CASH EQUIVALENTS
	The Company considers all demand and time deposits and all highly liquid investments with an original maturity of three months or less to be cash equivalents The Company’s cash is held in financial institutions located in the PRC and Hong Kong. These accounts are not covered by any insurance. The Company believes these financial institutions are of high credit quality.
	ACCOUNTS RECEIVABLE
	Accounts receivable are stated at cost, net of an allowance for doubtful accounts, if required.  Receivables outstanding longer than the payment terms are considered past due.  The Company maintains an allowance for doubtful accounts for estimated losses when necessary resulting from the failure of customers to make required payments.  The Company reviews the accounts receivable on a periodic basis and makes allowances where there is doubt as to the collectability of individual balances.  In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balance, the customer’s payment history, its current credit-worthiness and current economic trends.  The Company considers all accounts receivable at December 31, 2014 and March 31, 2014, to be fully collectible and, therefore, did not provide an allowance for doubtful accounts.  For the periods presented, the Company did not write off any accounts receivable as bad debts.
	INVENTORY
	Inventory, comprised principally of merchandise, is stated at the lower of cost or market.  Cost of inventory is determined using the weighted average cost method.  Adjustments are recorded to write down the cost of inventory to the estimated market value for slow-moving merchandise and damaged goods.  The amount of write down is also dependent upon factors such as whether the goods are returnable to vendors, inventory aging, historical and forecasted consumer demand, and the promotional environment.
	Write downs are recorded in cost of goods sold in the consolidated statements of operations and comprehensive income (loss).
	No write downs were recorded in the period from April 15, 2013 (inception) to December 31, 2014.
	PROPERTY AND EQUIPMENT
Property and equipment are stated at cost less accumulated depreciation. Gains or losses on dispositions of property and equipment are included in operating income (loss). Major additions, renewals and betterments are capitalized, while maintenance and repairs are expensed as incurred.
Depreciation and amortization are provided over the estimated useful lives of the assets using the straight-line method from the time the assets are placed in service. Estimated useful lives are as follows, taking into account the assets' estimated residual value:
Classification		Estimated useful life
Furniture, fixtures and equipment		2 to 5 years
Leasehold improvements		Over the shorter of lease terms or estimated useful life of the improvements.
Motor vehicles		5 years
LONG LIVED ASSETS
The Company evaluates its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. When these events occur, the Company assesses the recoverability of these long-lived assets by comparing the carrying amount of the asset to the future undiscounted cash flows expected to result from the use of the asset and its eventual disposition. If the future undiscounted cash flow is less than the carrying amount of the asset, the Company recognizes an impairment equal to the difference between the carrying amount and fair value of the asset.
No impairments were recorded for the period from April 15, 2013 (inception) to December 31, 2014.
VALUE ADDED TAXES
Zhongshan WINHA’s subsidiary and its three stores are subject to VAT at a rate of 17% on proceeds received from customers, and are entitled to a refund for VAT already paid or borne on the goods purchased by it that have generated the gross sales proceeds. The three branches are not permitted VAT offsetting and pay VAT at 3%. The VAT balance is recorded in taxes payable on the consolidated balance sheets.
INCOME TAXES
The Company accounts for income taxes in accordance with FASB ASC 740, “Income Taxes” (“ASC 740”), which requires the recognition of deferred income taxes for differences between the basis of assets and liabilities for financial statement and income tax purposes.  Deferred tax assets and liabilities represent the future tax consequences for those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled.  Deferred taxes are also recognized for operating losses that are available to offset future taxable income.  As of December 31, 2014, the deferred tax asset was $0, for net operating loss carryforwards of Zhongshan WINHA.  A full valuation allowance against this deferred tax asset was established due to the uncertainty in realizing its benefits.
ASC 740 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements.  Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.  The tax benefits recognized in the financial statements from such a position would be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on the de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with these tax positions.  As of December 31, 2014 and March 31, 2014, the Company did not record any liabilities for unrecognized tax benefits.
The income tax laws of various jurisdictions in which the Company and its subsidiaries operate are summarized as follows:
United States
The Company is subject to United States tax at graduated rates from 15% to 35%.  No provision for income tax in the United States has been made as the Company had no U.S. taxable income for the three months and nine months ended December 31, 2014, the three months ended December 31, 2013 and the period from April 15, 2013 (inception) to December 31, 2013.
British Virgin Islands
C&V International Holdings Company Limited is incorporated in the BVI and is governed by the income tax laws of the BVI. According to current BVI income tax law, the applicable income tax rate for the Company is 0%.
Hong Kong
WINHA International Investment Holdings Company Limited is incorporated in Hong Kong.  Pursuant to the income tax laws of Hong Kong, the Company is not subject to tax on non-Hong Kong source income.
PRC
Shenzhen WINHA and Zhongshan WINHA are subject to an Enterprise Income Tax at 25% and each files its own tax return.
RECLASSIFICATIONS
Certain amounts in the prior period’s financial statements have been reclassified for comparative purposes to conform to the presentation in the current year’s financial statements. These reclassifications had no effect on previously reported earnings.

Note_3_Recently_Issued_Account

Note 3. Recently Issued Accounting Standards	9 Months Ended
	Dec. 31, 2014
Notes
Note 3. Recently Issued Accounting Standards	NOTE 3.   RECENTLY ISSUED ACCOUNTING STANDARDS
	In August 2014, the FASB issued authoritative guidance that requires an entity’s management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern and requires additional disclosures if certain criteria are met. This guidance is effective for fiscal periods ending after December 15, 2016, with early adoption permitted. This accounting standard update is not expected to have a material impact on the Company’s consolidated financial statements.
	In June 2014, the FASB issued ASU 2014-10, ”Development Stage Entities: Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation.”  This ASU amends FASB ASC Topic 915, Development Stage Entities, to remove all incremental financial reporting requirements for development stage entities, thereby improving financial reporting by reducing the cost and complexity associated with providing that information.  The amendments in this ASU also eliminate an exception provided to development stage entities in FASB ASC 810 for determining whether an entity is a variable interest entity (VIE) on the basis of the amount of investment equity that is at risk.  The amendments in this ASU remove the definition of development stage entity from the FASB ASC Master Glossary, thereby removing the financial reporting distinction between development stage entities and other entities from U.S. GAAP.  In addition, the amendments eliminate the requirements for development stage entities to (i) present inception-to-date information on the statements of income, cash flows, and shareholder equity, (ii) label the financial statements as those of a development stage entity, (iii) disclose a description of the development stage activities in which the entity is engaged, (iv) 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.  The amendments also clarify that the guidance in FASB ASC 275, Risks and Uncertainties, is applicable to entities that have not yet commenced planned principal operations.
	The amendments related to the elimination of inception-to-date information and the other remaining disclosure requirements of FASB ASC 915 should be applied retrospectively, except for the clarification to FASB ASC 275, which should be applied prospectively. For public business entities, those amendments are effective for annual reporting periods beginning after December 15, 2014, and interim periods therein.  Earlier implementation is allowed for any period where the reporting entity’s annual or interim financial statements have not yet been made available for issuance.  This accounting standard update is not expected to have a material impact on the Company’s consolidated financial statements.
	In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers”, which supersedes the revenue recognition requirements in ASC 605, “Revenue Recognition”.  The core principle of this updated guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  The new rule also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract.  This guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period.  Companies are permitted to adopt this new rule following either a full or modified retrospective approach.  Early adoption is not permitted.  The Company has not yet determined the potential impact of this updated authoritative guidance on its consolidated financial statements.
	In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”, which amends the requirements for reporting discontinued operations.  Under ASU 2014-08, a disposal of a component of an entity or a group of components of an entity is required to be reported as discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when the component or group of components meets the criteria to be classified as held for sale or when the component or group of components is disposed of by sale or other than by sale.  In addition, this ASU requires additional disclosures about both discontinued operations and the disposal of an individually significant component of an entity that does not qualify for discontinued operations presentation in the financial statements.  The guidance is effective for annual and interim periods beginning after December 15, 2014, with early adoption permitted.  This accounting standard update is not expected to have a material impact on the Company’s consolidated financial statements.

Note_4_Fair_Value_of_Financial

Note 4. Fair Value of Financial Instruments	9 Months Ended
	Dec. 31, 2014
Notes
Note 4. Fair Value of Financial Instruments	NOTE 4.   FAIR VALUE OF FINANCIAL INSTRUMENTS
	FASB ASC 820, “Fair Value Measurement,” specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (observable inputs).  In accordance with ASC 820, the following summarizes the fair value hierarchy:
	Level 1 Inputs – Unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access.
	Level 2 Inputs – Inputs other than the quoted prices in active markets that are observable either directly or indirectly.
	Level 3 Inputs – Inputs based on prices or valuation techniques that are both unobservable and significant to the overall fair value measurements.
	There were no assets or liabilities measured at fair value on either a recurring or nonrecurring basis subject to the disclosure requirements of ASC 820 as of December 31, 2014 and March 31, 2014.

Note_5_Fixed_Assets

Note 5. Fixed Assets	9 Months Ended
	Dec. 31, 2014
Notes
Note 5. Fixed Assets	NOTE 5.   FIXED ASSETS
	Fixed assets are summarized as follows:
		December 31,2014		31-Mar-14
		(Unaudited)
	Fixtures and furniture and equipment	$	356,434	$	22,968
	Leasehold improvements	45,676		15,443
	Motor vehicles	71,438		17,950
		473,548		56,361
	Less: Accumulated depreciation	-40,002		-2,241
		$	433,546	$	54,120
	For the three months ended December 31, 2014 and 2013, depreciation expense was $25,005 and $21, respectively.  For the nine months ended December 31, 2014 and for the period from April 15, 2013 (inception) to December 31, 2013, depreciation expense was $37,720 and $21, respectively.

Note_6_Intangible_Assets

Note 6. Intangible Assets	9 Months Ended
	Dec. 31, 2014
Notes
Note 6. Intangible Assets	NOTE 6.   INTANGIBLE ASSETS
	Intangible assets represent the Company’s website. Amortization expense of $790 and $209 was recorded during the three months ended December 31, 2014 and 2013, respectively. Amortization expense of $1,595 and $411 was recorded for the nine months ended December 31, 2014 and for the period from April 15, 2013 (inception) to December 31, 2013, respectively. In addition, the Company is currently expanding the function and capabilities of its website. The additional costs shown as “Website” were $32,191 and $22,730 as of December 31, 2014 and March 31, 2014, respectively.

Note_7_Advance_From_Customers

Note 7. Advance From Customers	9 Months Ended
	Dec. 31, 2014
Notes
Note 7. Advance From Customers	NOTE 7.  ADVANCE FROM CUSTOMERS
	Advance from customers represents the prepaid cards purchased by customers at our retail stores. We believe that prepaid cards are mostly purchased for gift purpose and people who receive then are mostly like to utilize them quickly.
	The advance from customers was $439,147 and $433,283 as of December 31, 2014 and March 31, 2014, respectively.

Note_8_Statutory_Reserve

Note 8. Statutory Reserve	9 Months Ended
	Dec. 31, 2014
Notes
Note 8. Statutory Reserve	NOTE 8. STATUTORY RESERVE
	The Company’s China-based subsidiary and its VIE are required to make appropriations of returned earnings for certain non-distributable reserve funds.
	Pursuant to the China Foreign Investment Enterprises laws, the Company’s China-based subsidiary, which is called a wholly foreign-owned enterprises (“WFOE”) and its VIE, have to make appropriations from their after-tax profit as determined under generally accepted accounting principles in the PRC (the “after-tax-profit under PRC GAAP”) to a general non-distributable reserve fund. Each year, at least 10% of each entity's after-tax-profit under PRC GAAP is required to be set aside as a general reserve fund until such appropriations for the fund equal 50% of the paid-in capital of the applicable entity
	Use of the general reserve fund is restricted to set-off against losses, expansion of production and operation and increasing registered capital of the respective company. The fund is not allowed to be transferred to the Company as cash dividends, loans or advances, nor is it available for distribution except under liquidation.
	The profit appropriation to the statutory surplus fund and general reserve fund is $139,591 and $0 as of December 31, 2014 and March 31, 2014, respectively.

Note_9_Leases

Note 9. Leases	9 Months Ended
	Dec. 31, 2014
Notes
Note 9. Leases	NOTE 9.   LEASES
	The total future minimum lease payments under non-cancellable operating leases with respect to stores and office space as of December 31, 2014 is as follows:
	Year Ending
	March 31,			Amount
	2015	$	50,492
	2016			201,967
	2017			207,325
	2018			138,747
	2019			114,668
	Thereafter			107,988
	Total			$	821,187
	Rent expense for the three and nine months ended December 31, 2014 was $44,968 and $94,864, respectively, and for the three months ended December 31, 2013 and for the period from inception to December 31, 2013 was $1,658 and $13,413, respectively.

Note_10_Related_Party_Transact

Note 10. Related Party Transactions	9 Months Ended
	Dec. 31, 2014
Notes
Note 10. Related Party Transactions	NOTE 10.   RELATED PARTY TRANSACTIONS
	The Company obtained demand loans from one of its stockholders which are non-interest bearing.  The loans of $3,129 and $0 as of December 31, 2014 and March 31, 2014, respectively, are reflected as stockholder loans in the consolidated balance sheets.

Note_11_Income_Taxes

Note 11. Income Taxes	9 Months Ended
	Dec. 31, 2014
Notes
Note 11. Income Taxes	NOTE 11.   Income taxes
	Deferred tax assets and liabilities are recognized for expected future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax bases using enacted tax rates in effects for the year in which the differences are expected to reverse. The laws of China permit the carry forward of net operating losses for a period of five years.
	Deferred tax assets are comprised of the following:
			31-Dec-14				March 31,
							2014
			(Unaudited)
	Net operating loss carryforwards	$			3,951	$			107,567
	Less valuation allowance			-3,951				-107,567
	Net deferred tax asset			$	-			$	-
	The provision for income taxes was calculated as follows:
		For the three months ended December 31,							For the nine months ended December 31,		April 15, 2013 (inception) through December 31,
			2014			2013			2014		2013
			(Unaudited)						(Unaudited)
	Income taxes payable		$	336,051		$	-		$	431,067	$	-
	Deferred income taxes		-			-			-		-
			336,051			-			431,067		-
	Benefit of net operating loss carryforward		-12,750			-			-107,766		-
			$	323,301		$	-		$	323,301	$	-
	At December 31, 2014 and March 31, 2014, Zhongshan WINHA had unused operating loss carry-forwards of approximately $16,000 and $431,000, respectively, expiring in various years through 2019.  The Company has established a valuation allowance of $3,951 and $107,567 against the deferred tax asset related to the net operating loss carryforward at December 31, 2014 and March 31, 2014, respectively, due to the uncertainty of realizing the benefit.
	The Company’s tax filings are subject to examination by the tax authorities.  The tax years from 2008 to 2013 remain open to examination by tax authorities in the PRC. The Company’s U.S. tax returns are subject to examination by the tax authorities for 2013.

Note_2_Summary_of_Significant_1

Note 2. Summary of Significant Accounting Policies: Variable Interest Entity (Policies)	9 Months Ended
	Dec. 31, 2014
Policies
Variable Interest Entity	VARIABLE INTEREST ENTITY
	Pursuant to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810, “Consolidation” (“ASC 810”), the Company is required to include in its consolidated financial statements the financial statements of its variable interest entities (“VIEs”).  ASC 810 requires a VIE to be consolidated by a company if that company is subject to a majority of the risk of loss for the VIE or is entitled to receive a majority of the VIE’s residual returns. VIEs are those entities in which a company, through contractual arrangements, bears the risk of, and enjoys the rewards normally associated with ownership of the entity, and therefore the company is the primary beneficiary of the entity.
	Under ASC 810, a reporting entity has a controlling financial interest in a VIE, and must consolidate that VIE, if the reporting entity has both of the following characteristics: (a) the power to direct the activities of the VIE that most significantly affect the VIE’s economic performance; and (b) the obligation to absorb losses, or the right to receive benefits, that could potentially be significant to the VIE.  The reporting entity’s determination of whether it has this power is not affected by the existence of kick-out rights or participating rights, unless a single enterprise, including its related parties and de facto agents, have the unilateral ability to exercise those rights. Zhongshan WINHA’s actual stockholders do not hold any kick-out rights that affect the consolidation determination.
	The consolidated financial statements include the accounts of the Company, its subsidiaries and its VIE for which it is deemed the primary beneficiary. All significant inter-company accounts and transactions have been eliminated in consolidation.
	The Company evaluates the need to consolidate its VIE in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support.
	The VIE agreements were not consummated until August 1, 2013. However, the purpose and design of the establishment of the VIE, Zhongshan WINHA, was to be consolidated under the Company through common control. ASC 810-10-25-38F states that a reporting entity’s involvement in the design of a VIE may indicate that the reporting entity had the opportunity and the incentive to establish arrangements that result in the reporting entity being the variable interest holder with the power to direct the activities that most significantly impact the VIE’s economic performance. As both the Company and the VIE, Zhongshan WINHA, were under the common control of Ms. Lai immediately before and after the acquisition, this transaction was accounted for as a merger under common control, using merger accounting as if the merger had been consummated at the beginning of the earliest period presented, and no gain or loss was recognized. All the assets and liabilities of the VIE, Zhongshan WINHA, are recorded at carrying value. Hence, Zhongshan WINHA was consolidated with the Company since its inception due to the purpose and design of its establishment.
	The following financial statement amounts and balances of Zhongshan WINHA have been included in the accompanying consolidated financial statements.
			31-Dec-14		March 31,     2014
			(Unaudited)
	Total assets		$	3,853,619	$	389,357
	Total liabilities		$	1,155,031	$	463,680
		For the three months ended December 31,					For the nine months ended December 31,		April 15, 2013 (inception) through December 31,
			2014		2013		2014		2013
			(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
	Net income (loss)		$	1,002,442	$	-104,604	$	1,400,966	$	-252,559

Note_2_Summary_of_Significant_2

Note 2. Summary of Significant Accounting Policies: Use of Estimates (Policies)	9 Months Ended
	Dec. 31, 2014
Policies
Use of Estimates	USE OF ESTIMATES
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain 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 periods.  Actual results could differ from those estimates.

Note_2_Summary_of_Significant_3

Note 2. Summary of Significant Accounting Policies: Foreign Currency Translation (Policies)	9 Months Ended
	Dec. 31, 2014
Policies
Foreign Currency Translation	FOREIGN CURRENCY TRANSLATION
	Almost all Company assets are located in the PRC.  The functional currency for the majority of the Company’s operations is the Renminbi (“RMB”).  The Company uses the United States Dollar (“US Dollar” or “US$” or “$”) for financial reporting purposes.  The financial statements of the Company have been translated into US dollars in accordance with FASB ASC 830, “Foreign Currency Matters.”
	All asset and liability accounts have been translated using the exchange rate in effect at the balance sheet date. Equity accounts have been translated at their historical exchange rates when the capital transactions occurred.  Statements of operations, changes in stockholders’ equity (deficit) and cash flow amounts have been translated using the average exchange rate for the periods presented.  Adjustments resulting from the translation of the Company’s financial statements are recorded as other comprehensive income (loss).
	The exchange rates used to translate amounts in RMB into US dollars for the purposes of preparing the financial statements are as follows:
		31-Dec-14	31-Mar-14
	Balance sheet items, except for stockholders’ equity, as of year or period end
		0.1625	0.1622
				For the nine months ended December 31,	April 15, 2013 (inception) through December 31,
		For the three months ended December 31,
		2014	2013	2014	2013
	Amounts included in the statements of operations, statements of changes in stockholders’ equity (deficit) and statements of cash flows for the period		0.1621		0.1617
		0.1628		0.1624
	For the three months ended December 31, 2014 and 2013, foreign currency translation adjustments of $273 and $804, respectively, have been reported as other comprehensive income. For the nine months ended December 31, 2014 and for the period from April 15, 2013 (inception) through December 31, 2013, foreign currency translation adjustments of $(97) and $982 have been reported as other comprehensive income. Other comprehensive income of the Company consists entirely of foreign currency translation adjustments.  Pursuant to ASC 740-30-25-17, “Exceptions to Comprehensive Recognition of Deferred Income Taxes,” the Company does not recognize deferred U.S. taxes related to the undistributed earnings of its foreign subsidiaries and, accordingly, recognizes no income tax expense or benefit from foreign currency translation adjustments.
	Although government regulations now allow convertibility of the RMB for current account transactions, significant restrictions still remain.  Hence, such translations should not be construed as representations that the RMB could be converted into US dollars at that rate or any other rate.
	The value of the RMB against the US dollar and other currencies may fluctuate and is affected by, among other things, changes in the PRC’s political and economic conditions. Any significant revaluation of the RMB may materially affect the Company’s financial condition in terms of US dollar reporting.

Note_2_Summary_of_Significant_4

Note 2. Summary of Significant Accounting Policies: Website Development Costs (Policies)	9 Months Ended
	Dec. 31, 2014
Policies
Website Development Costs	WEBSITE DEVELOPMENT COSTS
	The Company accounts for website development costs in accordance with ASC 350-50, "Accounting for Website Development Costs", wherein website development costs are segregated into three activities:
	1.                  Initial stage (planning), in which the related costs are expensed.
	2.                  Development stage (web application, infrastructure, graphics), in which the related costs are capitalized and amortized once the website is ready for use. Costs for development content of the website may be expensed or capitalized depending on the circumstances of the expenditures.
	3.                  Operating stage, in which the related costs are expensed as incurred. Upgrades are usually expensed, unless they add additional functionality.
	The Company has incurred $10,145 and $21,560 of website development costs as intangible assets for the nine months ended December 31, 2014 and for the period from April 15, 2013 (inception) to December 31, 2013, respectively.  These costs related to the development of graphics for the Company’s online sales platform, which is currently in use and being amortized. The costs related to expansion of the website, which currently is being developed, has been capitalized as “website”. These costs were $32,191 and $21,689 for the nine months ended December 31, 2014 and for the period from April 15, 2013 (inception) to December 31, 2013, respectively,

Note_2_Summary_of_Significant_5

Note 2. Summary of Significant Accounting Policies: Comprehensive Income (loss) (Policies)	9 Months Ended
	Dec. 31, 2014
Policies
Comprehensive Income (loss)	COMPREHENSIVE INCOME (LOSS)
	The Company follows the provisions of the FASB ASC 220 “Reporting Comprehensive Income”, and establishes standards for the reporting and display of comprehensive income, its components and accumulated balances in a full set of general purpose financial statements. For the three and nine months ended December 31, 2014, for the three months ended December 31, 2013 and for the period from April 15, 2013 (inception) to December 31, 2013, the Company’s comprehensive income (loss) includes the net income (loss) and foreign currency translation adjustments.

Note_2_Summary_of_Significant_6

Note 2. Summary of Significant Accounting Policies: Revenue Recognition (Policies)	9 Months Ended
	Dec. 31, 2014
Policies
Revenue Recognition	REVENUE RECOGNITION
	The Company recognizes or plans to recognize revenue from the following channels:
	·                     Retail stores - The Company recognizes sales revenue from its seven retail stores, net of sales taxes and estimated sales returns at the time it sells merchandise to the customer. Customer purchases of shopping cards are not recognized as revenue until the card is redeemed and the customer purchases merchandise by using the shopping card. Revenue generated from retail stores was $127,134 and $0 for three months ended December 31, 2014 and 2013, respectively. Revenue generated from retail stores was $501,708 and $0 for the nine months ended December 31, 2014 and the period from April 15, 2013 (inception) to December 31, 2013, respectively.
	·                     Online store – No revenue from the online store was generated from April 15, 2013 (inception) to December 31, 2014.
	·                     Consignment sales – For the sales of goods which are in our retail stores as merchandise on consignment without being included in the Company’s inventory, revenue is recognized on a net basis. Revenue generated from consignment sales was $0 and $3,580, respectively, for the three and nine months ended December 31, 2014 and no revenue for the period from April 15, 2013 (inception) to December 31, 2013.
	·                     Custom-made sales - The Company started “Custom-made” sales in August 2014. The target customers are commercial customers who can order in the Company’s local stores and make full payments on site. All orders are forwarded to Zhongshan WINHA immediately which arranges the delivery. Revenue from the sale of products is recognized upon delivery to customers provided that there are no uncertainties regarding customer acceptance, there is persuasive evidence of an arrangement, the sales price is fixed and determinable. Revenue generated from custom-made sales was $1,875,615 and $0 for the three months ended December 31, 2014, and 2013. Revenue generated from custom-made sales was $4,940,031 and $0 for the nine months ended December 31, 2014 and for the period from April 15, 2013 (inception) to December 31, 2014.
	Zhongshan WINHA grants certain commercial customers limited rights to return products and provides price protection for inventories held by resellers at the time of published price reductions. Zhongshan WINHA establishes an estimated allowance for future product returns based upon historical returns experience when the related revenue is recorded and provides for appropriate price protection reserves when pricing adjustments are approved.
	Per Zhongshan WINHA’s return policy, customers can return their merchandise in the original box and/or packaging within 7 days. There were no sales returns for the period from April 15, 2013 (inception) to December 31, 2014.

Note_2_Summary_of_Significant_7

Note 2. Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	9 Months Ended
	Dec. 31, 2014
Policies
Cash and Cash Equivalents	CASH AND CASH EQUIVALENTS
	The Company considers all demand and time deposits and all highly liquid investments with an original maturity of three months or less to be cash equivalents The Company’s cash is held in financial institutions located in the PRC and Hong Kong. These accounts are not covered by any insurance. The Company believes these financial institutions are of high credit quality.

Note_2_Summary_of_Significant_8

Note 2. Summary of Significant Accounting Policies: Accounts Receivable (Policies)	9 Months Ended
	Dec. 31, 2014
Policies
Accounts Receivable	ACCOUNTS RECEIVABLE
	Accounts receivable are stated at cost, net of an allowance for doubtful accounts, if required.  Receivables outstanding longer than the payment terms are considered past due.  The Company maintains an allowance for doubtful accounts for estimated losses when necessary resulting from the failure of customers to make required payments.  The Company reviews the accounts receivable on a periodic basis and makes allowances where there is doubt as to the collectability of individual balances.  In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balance, the customer’s payment history, its current credit-worthiness and current economic trends.  The Company considers all accounts receivable at December 31, 2014 and March 31, 2014, to be fully collectible and, therefore, did not provide an allowance for doubtful accounts.  For the periods presented, the Company did not write off any accounts receivable as bad debts.

Note_2_Summary_of_Significant_9

Note 2. Summary of Significant Accounting Policies: Inventory (Policies)	9 Months Ended
	Dec. 31, 2014
Policies
Inventory	INVENTORY
	Inventory, comprised principally of merchandise, is stated at the lower of cost or market.  Cost of inventory is determined using the weighted average cost method.  Adjustments are recorded to write down the cost of inventory to the estimated market value for slow-moving merchandise and damaged goods.  The amount of write down is also dependent upon factors such as whether the goods are returnable to vendors, inventory aging, historical and forecasted consumer demand, and the promotional environment.
	Write downs are recorded in cost of goods sold in the consolidated statements of operations and comprehensive income (loss).
	No write downs were recorded in the period from April 15, 2013 (inception) to December 31, 2014.

Recovered_Sheet1

Note 2. Summary of Significant Accounting Policies: Property and Equipment (Policies)	9 Months Ended
	Dec. 31, 2014
Policies
Property and Equipment	PROPERTY AND EQUIPMENT
	Property and equipment are stated at cost less accumulated depreciation. Gains or losses on dispositions of property and equipment are included in operating income (loss). Major additions, renewals and betterments are capitalized, while maintenance and repairs are expensed as incurred.
	Depreciation and amortization are provided over the estimated useful lives of the assets using the straight-line method from the time the assets are placed in service. Estimated useful lives are as follows, taking into account the assets' estimated residual value:
	Classification	Estimated useful life
	Furniture, fixtures and equipment	2 to 5 years
	Leasehold improvements	Over the shorter of lease terms or estimated useful life of the improvements.
	Motor vehicles	5 years

Recovered_Sheet2

Note 2. Summary of Significant Accounting Policies: Long Lived Assets (Policies)	9 Months Ended
	Dec. 31, 2014
Policies
Long Lived Assets	LONG LIVED ASSETS
	The Company evaluates its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. When these events occur, the Company assesses the recoverability of these long-lived assets by comparing the carrying amount of the asset to the future undiscounted cash flows expected to result from the use of the asset and its eventual disposition. If the future undiscounted cash flow is less than the carrying amount of the asset, the Company recognizes an impairment equal to the difference between the carrying amount and fair value of the asset.
	No impairments were recorded for the period from April 15, 2013 (inception) to December 31, 2014.

Recovered_Sheet3

Note 2. Summary of Significant Accounting Policies: Income Taxes (Policies)	9 Months Ended
	Dec. 31, 2014
Policies
Income Taxes	INCOME TAXES
	The Company accounts for income taxes in accordance with FASB ASC 740, “Income Taxes” (“ASC 740”), which requires the recognition of deferred income taxes for differences between the basis of assets and liabilities for financial statement and income tax purposes.  Deferred tax assets and liabilities represent the future tax consequences for those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled.  Deferred taxes are also recognized for operating losses that are available to offset future taxable income.  As of December 31, 2014, the deferred tax asset was $0, for net operating loss carryforwards of Zhongshan WINHA.  A full valuation allowance against this deferred tax asset was established due to the uncertainty in realizing its benefits.
	ASC 740 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements.  Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.  The tax benefits recognized in the financial statements from such a position would be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on the de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with these tax positions.  As of December 31, 2014 and March 31, 2014, the Company did not record any liabilities for unrecognized tax benefits.
	The income tax laws of various jurisdictions in which the Company and its subsidiaries operate are summarized as follows:
	United States
	The Company is subject to United States tax at graduated rates from 15% to 35%.  No provision for income tax in the United States has been made as the Company had no U.S. taxable income for the three months and nine months ended December 31, 2014, the three months ended December 31, 2013 and the period from April 15, 2013 (inception) to December 31, 2013.
	British Virgin Islands
	C&V International Holdings Company Limited is incorporated in the BVI and is governed by the income tax laws of the BVI. According to current BVI income tax law, the applicable income tax rate for the Company is 0%.
	Hong Kong
	WINHA International Investment Holdings Company Limited is incorporated in Hong Kong.  Pursuant to the income tax laws of Hong Kong, the Company is not subject to tax on non-Hong Kong source income.
	PRC
	Shenzhen WINHA and Zhongshan WINHA are subject to an Enterprise Income Tax at 25% and each files its own tax return.

Recovered_Sheet4

Note 2. Summary of Significant Accounting Policies: Reclassifications (Policies)	9 Months Ended
	Dec. 31, 2014
Policies
Reclassifications	RECLASSIFICATIONS
	Certain amounts in the prior period’s financial statements have been reclassified for comparative purposes to conform to the presentation in the current year’s financial statements. These reclassifications had no effect on previously reported earnings.

Recovered_Sheet5

Note 2. Summary of Significant Accounting Policies: Variable Interest Entity: Schedule of Segment Reporting Information, by Segment (Tables)	9 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Segment Reporting Information, by Segment			31-Dec-14		March 31,     2014
			(Unaudited)
	Total assets		$	3,853,619	$	389,357
	Total liabilities		$	1,155,031	$	463,680
		For the three months ended December 31,					For the nine months ended December 31,		April 15, 2013 (inception) through December 31,
			2014		2013		2014		2013
			(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
	Net income (loss)		$	1,002,442	$	-104,604	$	1,400,966	$	-252,559

Recovered_Sheet6

Note 2. Summary of Significant Accounting Policies: Property and Equipment: Schedule of Property and Equipment, Useful Life (Tables)	9 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Property and Equipment, Useful Life	Classification	Estimated useful life
	Furniture, fixtures and equipment	2 to 5 years
	Leasehold improvements	Over the shorter of lease terms or estimated useful life of the improvements.
	Motor vehicles	5 years

Note_5_Fixed_Assets_Schedule_o

Note 5. Fixed Assets: Schedule of Fixed Assets (Tables)	9 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Fixed Assets		December 31,2014		31-Mar-14
		(Unaudited)
	Fixtures and furniture and equipment	$	356,434	$	22,968
	Leasehold improvements	45,676		15,443
	Motor vehicles	71,438		17,950
		473,548		56,361
	Less: Accumulated depreciation	-40,002		-2,241
		$	433,546	$	54,120

Note_9_Leases_Schedule_of_Futu

Note 9. Leases: Schedule of Future Minimum Rental Payments for Operating Leases (Tables)	9 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Future Minimum Rental Payments for Operating Leases	Year Ending
	March 31,			Amount
	2015	$	50,492
	2016			201,967
	2017			207,325
	2018			138,747
	2019			114,668
	Thereafter			107,988
	Total			$	821,187

Note_11_Income_Taxes_Schedule_

Note 11. Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)	9 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities	Deferred tax assets are comprised of the following:
			31-Dec-14				March 31,
							2014
			(Unaudited)
	Net operating loss carryforwards	$			3,951	$			107,567
	Less valuation allowance			-3,951				-107,567
	Net deferred tax asset			$	-			$	-
	The provision for income taxes was calculated as follows:
		For the three months ended December 31,							For the nine months ended December 31,		April 15, 2013 (inception) through December 31,
			2014			2013			2014		2013
			(Unaudited)						(Unaudited)
	Income taxes payable		$	336,051		$	-		$	431,067	$	-
	Deferred income taxes		-			-			-		-
			336,051			-			431,067		-
	Benefit of net operating loss carryforward		-12,750			-			-107,766		-
			$	323,301		$	-		$	323,301	$	-

Note_1_Organization_Details

Note 1. Organization (Details)	9 Months Ended
	Dec. 31, 2014
Details
Entity Incorporation, State Country Name	Nevada
Entity Incorporation, Date of Incorporation	15-Apr-13

Recovered_Sheet7

Note 2. Summary of Significant Accounting Policies: Variable Interest Entity: Schedule of Segment Reporting Information, by Segment (Details) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2014
TOTAL ASSETS	$3,853,619		$3,853,619		$486,646
Net income (loss)	1,002,442	-228,238	1,382,503	-700,281
Zhongshan WINHA
TOTAL ASSETS	3,853,619		3,853,619		389,357
TOTAL LIABILITIES	1,155,031		1,155,031		463,680
Net income (loss)	$1,002,442	($104,604)	$1,400,966	($252,559)

Recovered_Sheet8

Note 2. Summary of Significant Accounting Policies: Foreign Currency Translation (Details) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Details
Foreign currency translation adjustment	$273	$804	($97)	$982

Recovered_Sheet9

Note 2. Summary of Significant Accounting Policies: Website Development Costs (Details) (USD $)	9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Payments for website expansion	$10,145	$21,560
Website Development Costs	$32,191	$21,689

Recovered_Sheet10

Note 2. Summary of Significant Accounting Policies: Revenue Recognition (Details) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Revenues	$3,191,550	$6,651	$5,441,739	$6,651
Retail Stores
Revenues	127,134	0	501,708	0
Consignment Sales
Revenues	0		3,580
Custom-made sales
Revenues	$1,875,615	$0	$4,940,031	$0

Recovered_Sheet11

Note 2. Summary of Significant Accounting Policies: Property and Equipment: Schedule of Property and Equipment, Useful Life (Details)	9 Months Ended
	Dec. 31, 2014
Furniture and Fixtures | Minimum
Property, Plant and Equipment, Useful Life	2 years
Furniture and Fixtures | Maximum
Property, Plant and Equipment, Useful Life	5 years
Vehicles
Property, Plant and Equipment, Useful Life	5 years

Note_5_Fixed_Assets_Schedule_o1

Note 5. Fixed Assets: Schedule of Fixed Assets (Details) (USD $)	Dec. 31, 2014	Mar. 31, 2014
Property, Plant and Equipment, Gross	$473,548	$56,361
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	-40,002	-2,241
Fixed assets, net	433,546	54,120
Furniture and Fixtures
Property, Plant and Equipment, Gross	356,434	22,968
Leasehold Improvements
Property, Plant and Equipment, Gross	45,676	15,443
Vehicles
Property, Plant and Equipment, Gross	$71,438	$17,950

Note_5_Fixed_Assets_Details

Note 5. Fixed Assets (Details) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Details
Depreciation expense	$25,005	$21	$37,720	$21

Note_6_Intangible_Assets_Detai

Note 6. Intangible Assets (Details) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2014
Details
Amortization of Intangible Assets	$790	$209	$1,595	$411
Website	$32,191		$32,191		$22,730

Note_7_Advance_From_Customers_

Note 7. Advance From Customers (Details) (USD $)	Dec. 31, 2014	Mar. 31, 2014
Details
Advance from customers	$439,147	$433,283

Note_8_Statutory_Reserve_Detai

Note 8. Statutory Reserve (Details) (USD $)	Dec. 31, 2014	Mar. 31, 2014
Details
Statutory reserve	$139,591	$0

Note_9_Leases_Schedule_of_Futu1

Note 9. Leases: Schedule of Future Minimum Rental Payments for Operating Leases (Details) (USD $)	Dec. 31, 2014
Details
2015	$50,492
2016	201,967
2017	207,325
2018	138,747
2019	114,668
Thereafter	107,988
Operating Leases, Future Minimum Payments Due	$821,187

Note_9_Leases_Details

Note 9. Leases (Details) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Details
Operating Leases, Rent Expense, Net	$44,968	$94,864	$1,658	$13,413

Note_10_Related_Party_Transact1

Note 10. Related Party Transactions (Details) (USD $)	Dec. 31, 2014	Mar. 31, 2014
Details
Loan from shareholders	$3,129	$0

Note_11_Income_Taxes_Schedule_1

Note 11. Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) (USD $)	3 Months Ended	9 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Mar. 31, 2014
Details
Net operating loss carryforwards	$3,951	$3,951	$107,567
Valuation allowance	-3,951	-3,951	-107,567
Increase (Decrease) in Income Taxes	336,051	431,067
Benefit of net operating loss carryforward	-12,750	-107,766
Provision for income taxes	$323,301	$323,301

Note_11_Income_Taxes_Details

Note 11. Income Taxes (Details) (USD $)	Dec. 31, 2014	Mar. 31, 2014
Details
Operating loss carryforwards	$16,000	$431,000