Huaizhong Health (ADAD) 10-K 25 Jan 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Oct. 31, 2015	Jan. 08, 2016
Document And Entity Information
Entity Registrant Name	Adaiah Distribution Inc
Entity Central Index Key	1,593,204
Document Type	10-K
Document Period End Date	Oct. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--10-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 0
Entity Common Stock, Shares Outstanding		5,000,000
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Balance Sheets

Balance Sheets - USD ($)	Oct. 31, 2015	Oct. 31, 2014
CURRENT ASSETS
Cash	$ 2,491	$ 7,927
Inventory
TOTAL CURRENT ASSETS	$ 2,491	$ 7,927
FIXED ASSETS
Furniture and Equipment	8,000	8,000
Accumulated Depreciation	(1,714)	(536)
Sewing Shop	16,940	16,940
Accumulated Depreciation	(1,482)	(423)
TOTAL FIXED ASSETS	21,744	23,981
TOTAL ASSETS	$ 24,235	$ 31,908
Current Liabilities:
Accounts Payable
Deferred Tax Liability	$ 3,894	$ 3,894
Deferred Revenue
Loan Payable - Related Party	$ 1,415	$ 1,304
TOTAL LIABILITIES	5,309	5,198
STOCKHOLDERS' EQUITY
Common stock: authorized 75,000,000; $0.001 par value; 5,000,000 and 4,000,000 shares issued and outstanding at October 31, 2015 October 31, 2014, respectively	5,000	$ 4,000
Additional Paid-In Capital	39,000
Profit (loss) accumulated during the development stage	(25,074)	$ 22,710
Total Stockholders' Equity	18,926	26,710
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 24,235	$ 31,908

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Oct. 31, 2015	Oct. 31, 2014
Balance Sheets Parenthetical
Common stock par value	$ 0.001	$ 0.001
Common stock shares authorized	75,000,000	75,000,000
Common stock shares issued	5,000,000	4,000,000
Common stock shares outstanding	5,000,000	4,000,000

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Sales:
Merchandise Sales	$ 105,839	$ 91,307
Total Income	105,839	91,307
Cost of Goods Sold:
Pillow Purchases	$ 89,727	49,350
Sales Commission		3,180
Total Cost of Goods Sold	$ 89,727	52,530
Gross Profit	16,112	38,777
Operating Expenses:
Depreciation & Amortization	1,278	959
General and administrative	62,618	11,202
Total Expenses	63,896	12,161
Income Before Income Tax	$ (47,784)	26,616
Provision for Income Tax		3,894
Net Income for Period	$ (47,784)	$ 22,722
Net gain (loss) per share:
Basic and diluted	$ (0.0096)	$ 0.0057
Weighted average number of shares outstanding:
Basic and diluted	5,000,000	4,000,000

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Operating activities:
Net profit	$ (47,784)	$ 22,722
Changes in assets and liabilities:
Increase (decrease) in Accounts Payable		(16,350)
Increase (decrease) in Inventory		16,350
Increase (decrease) in Deferred Revenue		(21,800)
Increase (decrease) in Depreciation	$ 2,237	959
Increase (decrease) in Deferred Tax Liability		3,894
Net cash provided by operating activities	$ (45,547)	$ 5,775
Financing activities:
Proceeds from issuance of common stock	40,000
Due to related party	111	$ 1,275
Net cash provided by financing activities	$ 40,111	1,275
Investing activities:
Furniture and Equipment		(8,000)
Sewing Shop		(16,940)
Net cash provided by investing activities		(24,940)
Net increase in cash	$ (5,436)	(17,890)
Cash, beginning of period	7,927	25,817
Cash, end of period	$ 2,491	$ 7,927

Statements of Changes in Shareh

Statements of Changes in Shareholders’ Equity - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Gain (Deficit)	Total
Beginning Balance, Share at Sep. 12, 2013
Beginning Balance, Amount at Sep. 12, 2013
Common Shares issued, Share	4,000,000
Common Shares issued, Amount	$ 4,000			$ 4,000
Net gain (loss)			$ (12)	(12)
Beginning Balance, Share at Oct. 31, 2013	4,000,000
Beginning Balance, Amount at Oct. 31, 2013	$ 4,000		(12)	3,988
Net gain (loss)			22,722	22,722
Beginning Balance, Share at Oct. 31, 2014	4,000,000
Beginning Balance, Amount at Oct. 31, 2014	$ 4,000		22,710	26,710
Common Shares issued, Share	1,000,000
Common Shares issued, Amount	$ 1,000	$ 39,000		40,000
Net gain (loss)			(47,784)	(47,784)
Beginning Balance, Share at Oct. 31, 2015	5,000,000
Beginning Balance, Amount at Oct. 31, 2015	$ 5,000	$ 39,000	$ (25,074)	$ 18,926

Organization and Basis of Prese

Organization and Basis of Presentation	12 Months Ended
	Oct. 31, 2015
Notes to Financial Statements
Note 1 - Organization and Basis of Presentation	Adaiah Distribution, Inc. (the "Company") is a for profit corporation established under the corporation laws in the State of Nevada, United States of America on September 12, 2013. The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Financial Statements and related disclosures as of October 31, 2015 and 2014 are audited pursuant to the rules and regulations of the United States Securities and Exchange Commission ("SEC"). Unless the context otherwise requires, all references to "Adaiah Distribution," "we," "us," "our" or the "company" are to Adaiah Distribution, Inc.

Significant Accounting Policies

Significant Accounting Policies and Recent Accounting Pronouncements	12 Months Ended
	Oct. 31, 2015
Notes to Financial Statements
Note 2 - Significant Accounting Policies and Recent Accounting Pronouncements	Use of Estimates and Assumptions The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern. 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. Fair Value of Financial Instruments ASC 825, "Disclosures about Fair Value of Financial Instruments", requires disclosure of fair value information about financial instruments. ASC 820, "Fair Value Measurements" defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of July 31, 2015. The respective carrying values of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, accrued liabilities and notes payable. Fair values were assumed to approximate carrying values for these financial instruments since they are short term in nature and their carrying amounts approximate fair value. Basic and Diluted Loss Per Share The Company computes earnings (loss) per share in accordance with ASC 260-10-45 "Earnings per Share", which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive earnings (loss) per share excludes all potential common shares if their effect is anti-dilutive. The Company has no potential dilutive instruments, and therefore, basic and diluted earnings (loss) per share are equal. Revenue Recognition The company follows the guidelines of ASC 605-15 for revenue recognition. Revenue is recognized when the product has been prepaid by the customer, shipped from either Adaiah Distribution or one of their vendors and the product has been delivered and signed for by the customer as evidenced by the shipping company. Customers are allowed to return the products within 30 days for a refund, if the packages are unopened. Income Taxes We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, "Income Taxes." Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity's financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented. Recent Accounting Pronouncements The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company's results of operations, financial position or cash flow.

Property and Equipment

Property and Equipment	12 Months Ended
	Oct. 31, 2015
Notes to Financial Statements
Note 3 - Property and Equipment	October 31, 2015 October 31, 2014 Property and equipment consist of: Furniture & Equipment $ 8,000 $ 8,000 Sewing Shop $ 16,940 $ 16,940 Accumulated Depreciation $ (3,196 ) $ (959 ) $ 21,744 $ 23,981 Depreciation expense incurred during the year ended October 31, 2015 was $3,196. Property, plant and equipment are stated at cost. The Company utilizes MACRS 200 DB HY – 7 years for furniture and fixture depreciation and ADS straight-line – 40 years for the sewing shop depreciation over the estimated useful lives of the assets.

Concentrations

Concentrations	12 Months Ended
	Oct. 31, 2015
Notes to Financial Statements
Note 4 - Concentrations	Sales are concentrated with one client. Sales are made without collateral and the credit-related losses are insignificant or non-existent. Accordingly, there is no provision made to include an allowance for doubtful accounts.

Legal Matters

Legal Matters	12 Months Ended
	Oct. 31, 2015
Notes to Financial Statements
Note 5 - Legal Matters	The Company has no known legal issues pending.

Debt

Debt	12 Months Ended
	Oct. 31, 2015
Notes to Financial Statements
Note 6 - Debt	Nikolay Titov, the Director and President of the Company, has from time to time loaned the Company funds for operational costs. The amount, $1,415 at October 31, 2015, is being carried as a loan payable. The loan is non-interest bearing, unsecured and due upon demand.

Capital Stock

Capital Stock	12 Months Ended
	Oct. 31, 2015
Notes to Financial Statements
Note 7 - Capital Stock	On October 28, 2013 the Company authorized 75,000,000 shares of commons stock with a par value of $0.001 per share. On October 28, 2013 the Company issued 4,000,000 shares of common stock for a purchase price of $0.001 per share to its sole director. The Company received aggregate gross proceeds of $4,000.00. In January 2015 a total of 1,000,000 shares were issued to a total of 30 shareholders for $.04 per share for total proceeds of $40,000. The shares were registered pursuant to a Registration Statement on Form S-1 as filed with the Securities and Exchange Commission that was declared effective on November 3, 2014. As of October 31, 2015 there were no outstanding stock options or warrants.

Income Taxes

Income Taxes	12 Months Ended
	Oct. 31, 2015
Notes to Financial Statements
Note 8 - Income Taxes	The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, "Income Taxes." Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity's financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Oct. 31, 2015
Notes to Financial Statements
Note 9 - Related Party Transactions	The Company's sole officer and director is involved in other business activities and may in the future, become involved in other business opportunities as they become available. The Company has a related party transaction involving a significant shareholder. The nature and details of the transaction are described in Note 6.

Going Concern

Going Concern	12 Months Ended
	Oct. 31, 2015
Notes to Financial Statements
Note 10 - Going Concern	The accompanying financial statements and notes have been prepared assuming that the Company will continue as a going concern. For the year ended October 31, 2015, the Company had a cumulative net loss from operations of $25,074. The Company's ability to continue as a going concern is dependent upon the Company's ability to generate sufficient revenues to operate profitably or raise additional capital through debt financing and/or through sales of common stock. Management plans to fund operations of the Company through the proceeds from offerings of common stock, private placements of restricted securities or the issuance of stock in lieu of cash for payment of services until such a time as profitable operations are achieved. There are no written agreements in place for such funding or issuance of securities and there can be no assurance that such will be available in the future. Management believes that this plan provides an opportunity for the Company to continue as a going concern. The failure to achieve the necessary levels of profitability or obtain the additional funding would be detrimental to the Company.

Subsequent Events

Subsequent Events	12 Months Ended
	Oct. 31, 2015
Notes to Financial Statements
Note 11 - Subsequent Events	The Company has evaluated events subsequent to the date these financial statements have been issued to assess the need for potential recognition or disclosure in this report. Such events were evaluated through the date these financial statements were available to be issued. Based upon this evaluation, it was determined that no subsequent events occurred that require recognition or disclosure in the financial statements.

Significant Accounting Polici18

Significant Accounting Policies and Recent Accounting Pronouncements (Policies)	12 Months Ended
	Oct. 31, 2015
Significant Accounting Policies And Recent Accounting Pronouncements Policies
Use of Estimates and Assumptions	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.
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.
Fair Value of Financial Instruments	ASC 825, "Disclosures about Fair Value of Financial Instruments", requires disclosure of fair value information about financial instruments. ASC 820, "Fair Value Measurements" defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of July 31, 2015. The respective carrying values of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, accrued liabilities and notes payable. Fair values were assumed to approximate carrying values for these financial instruments since they are short term in nature and their carrying amounts approximate fair value.
Basic and Diluted Loss Per Share	The Company computes earnings (loss) per share in accordance with ASC 260-10-45 "Earnings per Share", which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive earnings (loss) per share excludes all potential common shares if their effect is anti-dilutive. The Company has no potential dilutive instruments, and therefore, basic and diluted earnings (loss) per share are equal.
Revenue Recognition	The company follows the guidelines of ASC 605-15 for revenue recognition. Revenue is recognized when the product has been prepaid by the customer, shipped from either Adaiah Distribution or one of their vendors and the product has been delivered and signed for by the customer as evidenced by the shipping company. Customers are allowed to return the products within 30 days for a refund, if the packages are unopened.
Income Taxes	We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, "Income Taxes." Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity's financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented.
Recent Accounting Pronouncements	The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company's results of operations, financial position or cash flow.

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Oct. 31, 2015
Property And Equipment Tables
Property and equipment	October 31, 2015 October 31, 2014 Property and equipment consist of: Furniture & Equipment $ 8,000 $ 8,000 Sewing Shop $ 16,940 $ 16,940 Accumulated Depreciation $ (3,196 ) $ (959 ) $ 21,744 $ 23,981

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Oct. 31, 2015	Oct. 31, 2014
Property And Equipment Details
Furniture & Equipment	$ 8,000	$ 8,000
Sewing Shop	16,940	16,940
Accumulated Depreciation	(3,196)	(959)
Property and equipment net	$ 21,744	$ 23,981

Property and Equipment (Detai21

Property and Equipment (Details Narrative) - USD ($)	Oct. 31, 2015	Oct. 31, 2014
Property And Equipment Details Narrative
Depreciation expense	$ (3,196)	$ (959)

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)	Oct. 31, 2015	Oct. 31, 2014
Debt Details Narrative
Loan Payable - Related Party	$ 1,415	$ 1,304

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	Oct. 31, 2015	Oct. 31, 2014
Going Concern Details Narrative
Net loss from operations	$ (25,074)	$ 22,710