| Document and Entity Information | 6 Months Ended | |
| Jan. 31, 2015 | Mar. 16, 2015 | |
| Document And Entity Information | ||
| Entity Registrant Name | FWF Holdings Inc. | |
| Entity Central Index Key | 1619055 | |
| Document Type | 10-Q | |
| Document Period End Date | 31-Jan-15 | |
| Amendment Flag | FALSE | |
| Current Fiscal Year End Date | -24 | |
| 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 Common Stock, Shares Outstanding | 10,000,000 | |
| Document Fiscal Period Focus | Q2 | |
| Document Fiscal Year Focus | 2015 |
| BALANCE SHEETS (USD $) | Jan. 31, 2015 | Jun. 30, 2014 |
| CURRENT ASSETS | ||
| Cash | $322 | $9,990 |
| TOTAL CURRENT ASSETS | 322 | 9,990 |
| CURRENT LIABILITIES | ||
| Accounts payable | 1,936 | |
| Due to related party (Note 4) | 2,239 | 2,194 |
| TOTAL CURRENT LIABILITIES | 4,175 | 2,194 |
| STOCKHOLDER'S EQUITY/(DEFICIT) | ||
| Common stock (Note 3) Authorized 75,000,000 shares of common stock, $0.001 par value, Issued and outstanding 10,000,000 shares of common stock | 10,000 | 10,000 |
| Deficit accumulated during the development stage | -13,853 | -2,204 |
| TOTAL STOCKHOLDER'S EQUITY (DEFICIT) | -3,853 | 7,796 |
| TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT) | $322 | $9,990 |
| BALANCE SHEETS (Parenthetical) (USD $) | Jan. 31, 2015 | Jun. 30, 2014 |
| Stockholders' equity | ||
| Common stock, par value | $0.00 | $0.00 |
| Common stock, shares authorized | 75,000,000 | 75,000,000 |
| Common stock, shares issued | 10,000,000 | 10,000,000 |
| Common stock, shares outstanding | 10,000,000 | 10,000,000 |
| STATEMENT OF OPERATIONS (Unaudited) (USD $) | 3 Months Ended | 6 Months Ended |
| Jan. 31, 2015 | Jan. 31, 2015 | |
| Statement Of Operations | ||
| REVENUE | ||
| EXPENSES | ||
| Office and general | 481 | 1,149 |
| Professional fees | 4,500 | 10,500 |
| TOTAL EXPENSES | -4,981 | -11,649 |
| NET LOSS | ($4,981) | ($11,649) |
| BASIC NET LOSS PER COMMON SHARE | $0 | $0 |
| WEIGHTED AVERAGE NUMBER OF BASIC COMMON SHARES OUTSTANDING | 10,000,000 | 10,000,000 |
| STATEMENT OF CASH FLOWS (Unaudited) (USD $) | 6 Months Ended |
| Jan. 31, 2015 | |
| OPERATING ACTIVITIES | |
| Net loss for the period | ($11,649) |
| Increase (decrease) in Accounts payables and accrued liabilities | 1,936 |
| NET CASH USED IN OPERATING ACTIVITIES | -9,713 |
| CASH FLOW FROM INVESTING ACTIVITIES | |
| CASH FLOW FROM FINANCING ACTIVITIES | |
| Proceeds on sale of common stock | |
| Proceeds from related parties | 45 |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 45 |
| NET INCREASE (DECREASE) IN CASH | -9,668 |
| CASH, BEGINNING | 9,990 |
| CASH, ENDING | 322 |
| SUPPLEMENTAL CASH FLOW INFORMATION AND NONCASH FINANCING ACTIVITIES; | |
| Cash paid during the period for: Interest | |
| Cash paid during the period for: Income taxes |
| NATURE OF OPERATIONS AND BASIS OF PRESENTATION | 6 Months Ended |
| Jan. 31, 2015 | |
| Notes to Financial Statements | |
| Note 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION | FWF HOLDINGS, INC. was incorporated in the State of Nevada as a for-profit Company on July 22, 2014 and established a fiscal year end of July 31. The Company is a development-stage Company organized to enter into the commercial production and distribution of the hot sauce business. |
| Going concern | |
| To date the Company has generated no revenues from its business operations and has incurred operating losses since inception of $13,853. As at January 31, 2015, the Company has a working capital deficit of $3,853. The Company requires additional funding to meet its ongoing obligations and to fund anticipated operating losses. The ability of the Company to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. The Company intends to continue to fund its business by way of private placements and advances from related parties as may be required. As of January 31, 2015, the Company has issued 10,000,000 founders shares at $0.001 per share for net proceeds of $10,000 to the Company. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty. |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
| Jan. 31, 2015 | |
| Notes to Financial Statements | |
| Note 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | Basis of Presentation – Unaudited Financial Statements |
| The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to Form 10-Q. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the fiscal year ended July 31, 2014 included in the Company’s S-1 filed with the Securities and Exchange Commission. The unaudited financial statements should be read in conjunction with those financial statements included in the Form S-1. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the six months ended January 31, 2015 are not necessarily indicative of the results that may be expected for the year ending July 31, 2015. | |
| Segmented Reporting | |
| FASB ASC 280, “Disclosure about Segments of an Enterprise and Related Information”, changed the way public companies report information about segments of their business in their quarterly reports issued to shareholders. It also requires entity-wide disclosures about the products and services the entity provides, the material countries in which it holds assets and reports revenues and its major customers. | |
| Comprehensive Loss | |
| “Reporting Comprehensive Income,” establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As at January 31, 2015, the Company has no items that represent a comprehensive loss and, therefore, has not included a schedule of comprehensive loss in the financial statements. | |
| Use of Estimates and Assumptions | |
| Preparation of the financial statements in conformity with generally accepted accounting principles 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 period. Accordingly, actual results could differ from those estimates. | |
| Cash and Cash Equivalents | |
| For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. | |
| Financial Instruments | |
| All significant financial assets, financial liabilities and equity instruments of the Company are either recognized or disclosed in the financial statements together with other information relevant for making a reasonable assessment of future cash flows, | |
| interest rate risk and credit risk. Where practical the fair values of financial assets and financial liabilities have been determined and disclosed; otherwise only available information pertinent to fair value has been disclosed. | |
| Loss per Common Share | |
| The basic earnings (loss) per share is calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company. | |
| Income Taxes | |
| The Company follows the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances and tax loss carry-forwards. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those 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 income in the period that includes the date of enactment or substantive enactment. | |
| Stock-based Compensation | |
| The Company follows ASC 718-10, "Stock Compensation", which addresses the accounting for transactions in which an entity exchanges its equity instruments for goods or services, with a primary focus on transactions in which an entity obtains employee services in share-based payment transactions. ASC 718-10 is a revision to SFAS No. 123, "Accounting for Stock-Based Compensation," and supersedes Accounting Principles Board ("APB") Opinion No. 25, "Accounting for Stock Issued to Employees," and its related implementation guidance. ASC 718-10 requires measurement of the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). Incremental compensation costs arising from subsequent modifications of awards after the grant date must be recognized. The Company has not adopted a stock option plan and has not granted any stock options. As at January 31, 2015 the Company had not adopted a stock option plan nor had it granted any stock options. Accordingly no stock-based compensation has been recorded to date. | |
| Development Stage Company | |
| The Company is a development stage company, as defined in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915. The Company’s planned principal operations have not fully commenced. Organizational and offering costs are, and will be, expensed as and when they are incurred. | |
| Management plans to seek funding from its shareholders and other qualified investors to pursue its business plan. | |
| Recent Accounting Pronouncements | |
| FASB ASC 105-10, Generally Accepted Accounting Principles (Prior authoritative literature: FASB SFAS No. 165, Subsequent Events (“SFAS 165”), issued May 28, 2009), which establishes general standards of accounting for, and disclosure of, events that occur after the balance sheet date but before financial statements are issued or are available to be issued. FASB ASC 105-10 (SFAS 165) is effective for interim or annual financial periods ending after June 15, 2009. The adoption of FASB ASC 105-10 (SFAS 165) did not have a material effect on the company’s financial position or results of operations. | |
| FASB ASC 105-10-65, The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles (Prior authoritative literature: FASB SFAS No. 168, The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles (“SFAS 168”, issued June 2009), establishes the FASB Accounting Standards Codification (the “Codification”) as the single source of authoritative nongovernmental U.S. GAAP. The Codification | |
| is effective for interim and annual periods ending after September 15, 2009. The adoption of FASB ASC 105-10-65 (SFAS 168) did not have a material impact on the Company’s financial statements | |
| In September 2009, the FASB issued guidance now codified as ASC 105, Generally Accepted Accounting Principles as the single source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in conformity with U.S. GAAP, aside from those issued by the SEC. ASC 105 does not change current U.S. GAAP, but is intended to simplify user access to all authoritative U.S. GAAP by providing all authoritative literature related to a particular topic in one place. The adoption of ASC 105 did not have a material impact on the Company’s financial statements, but did eliminate all references to pre-codification standards. | |
| On February 24, 2010, the FASB issued guidance in the "Subsequent Events" topic of the FASC to provide updates including: (1) requiring the company to evaluate subsequent events through the date in which the financial statements are issued; (2) amending the glossary of the "Subsequent Events" topic to include the definition of "SEC filer" and exclude the definition of "Public entity"; and (3) eliminating the requirement to disclose the date through which subsequent events have been evaluated. This guidance was prospectively effective upon issuance. The adoption of this guidance did not impact the Company's results of operations of financial condition. | |
| The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
| CAPITAL STOCK | 6 Months Ended |
| Jan. 31, 2015 | |
| Notes to Financial Statements | |
| Note 3 - CAPITAL STOCK | The Company’s capitalization is 75,000,000 common shares with a par value of $0.001 per share. No preferred shares have been authorized or issued. |
| As of January 31, 2015, the Company has not granted any stock options and has not recorded any stock-based compensation. | |
| On July 22, 2014, the Company issued 10,000,000 common shares at $0.001 per share to the sole director and President of the Company for cash proceeds of $10,000. |
| RELATED PARTY TRANSACTIONS | 6 Months Ended |
| Jan. 31, 2015 | |
| Notes to Financial Statements | |
| Note 4 - RELATED PARTY TRANSACTIONS | As of January 31, 2015, the Company has received $2,239. The amounts due to the related party are unsecured and non- interest-bearing with no set terms of repayment. |
| INCOME TAXES | 6 Months Ended |
| Jan. 31, 2015 | |
| Notes to Financial Statements | |
| Note 5 - INCOME TAXES | Income taxes are provided in accordance with ASC 740 Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax asset and liabilities. |
| Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. | |
| No provision was made for Federal Income tax. | |
| The Company did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. The Company provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carry forward period. |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
| Jan. 31, 2015 | |
| Summary Of Significant Accounting Policies Policies | |
| Basis of Presentation - Unaudited Financial Statements | The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to Form 10-Q. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the fiscal year ended July 31, 2014 included in the Company’s S-1 filed with the Securities and Exchange Commission. The unaudited financial statements should be read in conjunction with those financial statements included in the Form S-1. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the six months ended January 31, 2015 are not necessarily indicative of the results that may be expected for the year ending July 31, 2015. |
| Segmented Reporting | FASB ASC 280, “Disclosure about Segments of an Enterprise and Related Information”, changed the way public companies report information about segments of their business in their quarterly reports issued to shareholders. It also requires entity-wide disclosures about the products and services the entity provides, the material countries in which it holds assets and reports revenues and its major customers. |
| Comprehensive Loss | “Reporting Comprehensive Income,” establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As at January 31, 2015, the Company has no items that represent a comprehensive loss and, therefore, has not included a schedule of comprehensive loss in the financial statements. |
| Use of Estimates and Assumptions | Preparation of the financial statements in conformity with generally accepted accounting principles 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 period. Accordingly, actual results could differ from those estimates. |
| Cash and Cash Equivalents | For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. |
| Financial Instruments | All significant financial assets, financial liabilities and equity instruments of the Company are either recognized or disclosed in the financial statements together with other information relevant for making a reasonable assessment of future cash flows, |
| interest rate risk and credit risk. Where practical the fair values of financial assets and financial liabilities have been determined and disclosed; otherwise only available information pertinent to fair value has been disclosed. | |
| Loss per Common Share | The basic earnings (loss) per share is calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company. |
| Income Taxes | The Company follows the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances and tax loss carry-forwards. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those 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 income in the period that includes the date of enactment or substantive enactment. |
| Stock-based Compensation | The Company follows ASC 718-10, "Stock Compensation", which addresses the accounting for transactions in which an entity exchanges its equity instruments for goods or services, with a primary focus on transactions in which an entity obtains employee services in share-based payment transactions. ASC 718-10 is a revision to SFAS No. 123, "Accounting for Stock-Based Compensation," and supersedes Accounting Principles Board ("APB") Opinion No. 25, "Accounting for Stock Issued to Employees," and its related implementation guidance. ASC 718-10 requires measurement of the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). Incremental compensation costs arising from subsequent modifications of awards after the grant date must be recognized. The Company has not adopted a stock option plan and has not granted any stock options. As at January 31, 2015 the Company had not adopted a stock option plan nor had it granted any stock options. Accordingly no stock-based compensation has been recorded to date. |
| Development Stage Company | The Company is a development stage company, as defined in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915. The Company’s planned principal operations have not fully commenced. Organizational and offering costs are, and will be, expensed as and when they are incurred. |
| Management plans to seek funding from its shareholders and other qualified investors to pursue its business plan. | |
| Recent Accounting Pronouncements | FASB ASC 105-10, Generally Accepted Accounting Principles (Prior authoritative literature: FASB SFAS No. 165, Subsequent Events (“SFAS 165”), issued May 28, 2009), which establishes general standards of accounting for, and disclosure of, events that occur after the balance sheet date but before financial statements are issued or are available to be issued. FASB ASC 105-10 (SFAS 165) is effective for interim or annual financial periods ending after June 15, 2009. The adoption of FASB ASC 105-10 (SFAS 165) did not have a material effect on the company’s financial position or results of operations. |
| FASB ASC 105-10-65, The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles (Prior authoritative literature: FASB SFAS No. 168, The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles (“SFAS 168”, issued June 2009), establishes the FASB Accounting Standards Codification (the “Codification”) as the single source of authoritative nongovernmental U.S. GAAP. The Codification | |
| is effective for interim and annual periods ending after September 15, 2009. The adoption of FASB ASC 105-10-65 (SFAS 168) did not have a material impact on the Company’s financial statements | |
| In September 2009, the FASB issued guidance now codified as ASC 105, Generally Accepted Accounting Principles as the single source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in conformity with U.S. GAAP, aside from those issued by the SEC. ASC 105 does not change current U.S. GAAP, but is intended to simplify user access to all authoritative U.S. GAAP by providing all authoritative literature related to a particular topic in one place. The adoption of ASC 105 did not have a material impact on the Company’s financial statements, but did eliminate all references to pre-codification standards. | |
| On February 24, 2010, the FASB issued guidance in the "Subsequent Events" topic of the FASC to provide updates including: (1) requiring the company to evaluate subsequent events through the date in which the financial statements are issued; (2) amending the glossary of the "Subsequent Events" topic to include the definition of "SEC filer" and exclude the definition of "Public entity"; and (3) eliminating the requirement to disclose the date through which subsequent events have been evaluated. This guidance was prospectively effective upon issuance. The adoption of this guidance did not impact the Company's results of operations of financial condition. | |
| The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
| NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details Narrative) (USD $) | Jan. 31, 2015 | Jun. 30, 2014 |
| Nature Of Operations And Basis Of Presentation Details Narrative | ||
| Working capital deficit | $3,853 | |
| Shares issued | 10,000,000 | 10,000,000 |
| Share par value | $0.00 | $0.00 |
| Net proceeds | $10,000 |
| CAPITAL STOCK (Details Narrative) (USD $) | Jan. 31, 2015 | Jun. 30, 2014 |
| Capital Stock Details Narrative | ||
| Common stock, par value | $0.00 | $0.00 |
| Common stock, shares authorized | 75,000,000 | 75,000,000 |
| RELATED PARTY TRANSACTIONS (Details Narrative) (USD $) | Jan. 31, 2015 | Jun. 30, 2014 |
| Related Party Transactions Details Narrative | ||
| Due to related party | $2,239 | $2,194 |
