CAT9 (CATN) 10-Q 8 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 07, 2018
Document And Entity Information
Entity Registrant Name	CAT9 Group Inc.
Entity Central Index Key	1,632,275
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity's Reporting Status Current?	Yes
Is Entity Emerging Growth Company?	true
Elected Not To Use the Extended Transition Period	false
Entity Filer Category	Smaller Reporting Company
Entity Small Business	true
Entity Common Stock, Shares Outstanding		102,166,400
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,018

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Current assets:
Cash	$ 4,515	$ 168,539
Accounts receivable	18,787	13,910
Other receivables, related party	3,778	20,224
Inventory	27,940	2,606
Other current assets	122,599	16,928
Advances to suppliers	43,060	63,698
Total current assets	220,679	285,905
Property & equipment	43,538	52,178
Total assets	264,217	338,083
Current liabilities:
Accounts payable and accruals	117,369	57,594
Customer deposits	149,732	50,310
Other payables	140,132	76,844
Other payables, related party	282,343	150,927
Total current liabilities	689,576	335,675
Total liabilities	689,576	335,675
Shareholders' Equity (Deficit)
Preferred stock $0.0001 par value, 5,000,000 shares authorized; none issued and outstanding
Common stock $0.0001 par value, 500,000,000 shares authorized; 102,166,400 and 101,000,000 shares issued and outstanding, respectively	10,217	10,100
Additional paid-in capital	505,252	404,378
Accumulated other comprehensive income	(13,603)	(9,705)
Accumulated deficit	(927,225)	(402,365)
Total Stockholders' Equity (Deficit)	(425,359)	2,408
Total liabilities and stockholders' deficit	$ 264,217	$ 338,083

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Preferred stock, par value per share	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	102,166,400	101,000,000
Common stock, shares outstanding	102,166,400	101,000,000

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
Revenue	$ 28,488	$ 127,101	$ 56,915	$ 221,275
Cost of revenue	11,955	53,598	26,140	97,808
Gross Margin	16,533	73,503	30,775	123,467
Operating Expenses:
Professional Fees	156		56,790
Consulting	55,073		97,096
General and administrative expenses	116,841	170,308	402,381	311,938
Bad debt provision				(184,764)
Total operating expenses	172,070	170,308	556,267	127,174
Loss from operations	(155,537)	(96,805)	(525,492)	(3,707)
Other income (expense):
Other income (expense)	(1,992)		632
Total other income (expense)	(1,992)		632
Loss before income taxes	(157,529)	(96,805)	(524,860)	(3,707)
Provision for income taxes
Net Loss	(157,529)	(96,805)	(524,860)	(3,707)
Other comprehensive income (loss):
Foreign currency translation adjustment	4,175	(4,418)	(3,898)	(7,536)
Comprehensive loss	$ (153,354)	$ (101,223)	$ (528,758)	$ (11,243)
Basic and diluted net loss per share	$ 0	$ 0	$ (0.01)	$ 0
Weighted average number of common shares outstanding, basic and diluted	102,166,400	101,000,000	101,260,624	101,000,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net Loss	$ (524,860)	$ (3,707)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	8,742	609
Changes in operating assets and liabilities:
Accounts Receivable	4,877	24,822
Advances to suppliers	(20,638)
Deposits	99,422
Other assets	102,971	(173,842)
Other assets, related party	(16,446)	21,889
Inventory	25,334	21,229
Accounts payable and accrued liabilities	59,775	47,561
Other payables, related party	131,416	24,525
Net cash provided by (used in) operating activities	(321,603)	174,890
Cash flows from investing activities:
Purchase of equipment	2,802	17,273
Net cash used in investing activities	(2,802)	(17,273)
Cash flows from financing activities:
Contributed capital	7,679	19,784
Funds received on stock subscription		8,100
Sale of common stock	93,312
Loans from related parties	64,587
Repayment of related party loans	1,299	3,906
Net cash provided by financing activities	164,279	23,978
Net change in cash	(160,126)	181,595
Effects of currency translation	(3,898)	(7,536)
Cash, beginning of period	168,539	78,233
Cash, end of period	4,515	252,292
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest
Cash paid for taxes

Description Of Business And His

Description Of Business And History	9 Months Ended
	Sep. 30, 2018
Description Of Business And History
Description of Business and History	NOTE 1 - DESCRIPTION OF BUSINESS AND HISTORY CAT9 Group Inc., CAT9 Cayman is a holding company incorporated in August 20, 2015, under the laws of the Cayman Islands. CAT9 Investment China Limited was incorporated in September 10, 2015, under the laws of Hong Kong. CAT9 Investment China is a window for the group to handle the business operations outside of China. Chongqing CAT9 Industry Company Ltd. is located in Chongqing, PRC and was incorporated under the laws of the PRC on June 26,2014. Chongqing Field Industrial Company Ltd. operates through strategic alliance and distribution rights agreements in the PRC, the Company is engaged in the marketing and sales of (1) fresh fruits, vegetables meats (including primarily organic and non-organic from both domestically grown and imported (2) Acquisition of land for the planting of Acer Truncatum trees and harvesting of Acer Truncatum seeds to produce edible oil, (3) providing Hi-Tech cooperative farm management services in the PRC and overseas and (4) farm machinery sales. On December 26, 2017, the Company filed its Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”), the Form S-1 became effective on April 4, 2018 and a post-effective amendment was filed amending the shares unsold on its Form S-1. The Company sold 1,166,400 shares pursuant to its Form S-1 registration statement.

Going Concern

Going Concern	9 Months Ended
	Sep. 30, 2018
Going Concern
Going Concern	NOTE 2 - GOING CONCERN The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company’s ability to raise additional capital through debt and/or equity financing is unknown. The obtainment of additional financing and the successful development of the Company’s contemplated plan of operations are necessary for the Company to continue. The ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern. However; management believes that the Company will generate sufficient cash flows to fund its operations and to meet its obligations on timely basis for the next twelve months. The financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.

Summary Of Significant Policies

Summary Of Significant Policies	9 Months Ended
	Sep. 30, 2018
Summary Of Significant Policies
Summary of Significant Policies	NOTE 3 - SUMMARY OF SIGNIFICANT POLICIES Basis of presentation The accompanying unaudited condensed consolidated financial statements of CAT9 Group Inc. have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission requirements for interim financial statements. Therefore, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. The financial statements should be read in conjunction with the audited financial statements of CAT9 Group Inc. in our Form 10-K filed on March 29, 2018. The interim financial information is unaudited. In the opinion of management, all adjustments necessary to present fairly the financial position as of September 30, 2018 and the results of operations and cash flows presented herein have been included in the financial statements. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results of operations for the full year. Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Company and on various other assumptions that the Company believes to be reasonable under the circumstances. Actual results could differ from those estimates. Cash and cash equivalents Cash and cash equivalents consist of cash and short-term investments with original maturities of less than 90 days. Cash equivalents are placed with high credit quality financial institutions and are primarily in money market funds. The carrying value of those investments approximates fair value. Revenue recognition Revenue is recognized when a customer obtains control of promised goods or services and is recognized in an amount that reflects the consideration that an entity expects to receive in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those goods. The Company applies the following five-step model in order to determine this amount: (i) identification of the promised goods in the contract; (ii) determination of whether the promised goods are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Generally, the Company's performance obligations are transferred to customers at a point in time, typically upon delivery. Accounts receivable Accounts receivable are recorded net of allowance for doubtful accounts. The Company provides an allowance for doubtful accounts equal to the estimated uncollectible amounts. Periodically, management assesses customer credit history and relationships as well as performs accounts receivable aging analysis. Accounts are considered past due after three months. As of September 30, 2018 and December 30, 2017, no allowance was deemed necessary. Inventories Inventories are valued at the lower of cost or market. Management compares the cost of inventories with the market value and allowance is made for writing down their inventories to market value, if lower. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, CAT9 Cayman, and its subsidiaries, including CAT9 Investment China, and Chongqing Field Industrial Company Ltd. All financial information has been prepared in conformity with accounting principles generally accepted in the United States of America. All significant intercompany transactions and balances have been eliminated. Translation Adjustment For the nine months ended and the year ended December 31, 2017, the accounts of the Chongqing CAT9 were maintained, and its financial statements were expressed, in RMB. Such Comprehensive Income The Company uses SFAS 130 “Reporting Comprehensive Income” (ASC Topic 220). Comprehensive income is comprised of net income and all changes to the statements of members’ capital, except those due to investments by members, changes in paid-in capital and distributions to members. Comprehensive income for the nine months ended and 2017 is included net income and foreign currency translation adjustments. Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company 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.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2018
Related Party Transactions
Related Party Transactions	NOTE 4 - RELATED PARTY TRANSACTIONS During the normal course of business, affiliated companies, members, and/or officers may advance the Company funds to pay for certain operating expenses. All advances are unsecured, non-interest bearing and due on demand. As of , and , and , the Company owed the aforementioned related parties $282,343 and $150,927, respectively.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2018
Stockholders Equity
Stockholders' Equity	NOTE 5 - STOCKHOLDERS’ EQUITY Preferred Stock The Company is authorized to issue 5,000,000 shares of $.0001 par value preferred stock. As of , no shares of preferred stock had been issued. Common Stock Pursuant to the Share Exchange Agreement dated December 27, 2016 the company cancelled and retired 9,000,000 shares of issued and outstanding common stock, (the “cancelled shares”), reducing the issued and outstanding shares to 1,000,000 shares. A cash amount of $1 was paid to Wenfa “Simon” Sun and Meihong “Sanya” Qian, the Company’s majority shareholders and owners of the cancelled shares, as consideration for cancelling the shares. The Company issued a total of 19,000,000 shares of common stock pursuant to the Share Exchange and as a result of the cancellation of the cancelled shares and the Share Exchange; there are 20,000,000 shares of common stock issued and outstanding following the Share Exchange. On March 31, 2017, the Company entered into a Subscription Agreement with one subscriber for the issuance of its restricted common stock – Tech Associates, Inc. an entity engaged to provide advisory and consulting services to the Company purchased 1,000,000 shares for total cash proceeds of $100. On April 26, 2017, the Company filed a Certificate of Amendment to the Certificate of Incorporation with the Secretary of State of the State of Delaware to increase the authorized shares from 100,000,000 shares of common stock to 500,000,000 shares of common stock. On May 10, 2017, Wenfa “Simon” Sun, our President, Chief Executive Officer and Chairman purchased 78,000,000 shares of the Issuer’s restricted common stock from the Company in a private transaction at $0.0001. He is currently as of the date of this filing, the beneficial owner of 90,000,000 shares. On May 10, 2017, Meihong “Sanya” Qian, our Chief Financial Officer and Secretary purchased 2,000,000 shares of the Issuer’s restricted common stock from the Company in a private transaction at $0.0001. She is currently as of the date of this filing, the beneficial owner of 10,000,000 shares. On December 26, 2017, the Company filed its Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”), the Form S-1 became effective on April 4, 2018 and a post-effective amendment was filed amending the shares unsold on its Form S-1. The Company sold 1,166,400 shares pursuant to its Form S-1 registration statement for total cash proceeds of $93,312.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	9 Months Ended
	Sep. 30, 2018
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income	NOTE 6 – ACCUMULATED OTHER COMPREHENSIVE INCOME Balance of related after-tax components comprising accumulated other comprehensive income included members’ capital were as follows at: September 30, December 31, Accumulated other comprehensive income, beginning of period $ (9,705 ) $ 3,028 Change in cumulative translation adjustment (3,898 ) (12,735 ) Accumulated other comprehensive income (loss) end of period $ (13,603 ) $ (9,705 )

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2018
Subsequent Events
Subsequent Events	NOTE 7– SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements.

Summary Of Significant Polici_2

Summary Of Significant Policies (Policies)	9 Months Ended
	Sep. 30, 2018
Disclosure Summary Of Significant Policies Policies Abstract
Basis of Presentation	Basis of presentation The accompanying unaudited condensed consolidated financial statements of CAT9 Group Inc. have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission requirements for interim financial statements. Therefore, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. The financial statements should be read in conjunction with the audited financial statements of CAT9 Group Inc. in our Form 10-K filed on March 29, 2018. The interim financial information is unaudited. In the opinion of management, all adjustments necessary to present fairly the financial position as of September 30, 2018 and the results of operations and cash flows presented herein have been included in the financial statements. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results of operations for the full year.
Use of Estimates	Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Company and on various other assumptions that the Company believes to be reasonable under the circumstances. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and cash equivalents Cash and cash equivalents consist of cash and short-term investments with original maturities of less than 90 days. Cash equivalents are placed with high credit quality financial institutions and are primarily in money market funds. The carrying value of those investments approximates fair value.
Revenue Recognition	Revenue recognition Revenue is recognized when a customer obtains control of promised goods or services and is recognized in an amount that reflects the consideration that an entity expects to receive in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those goods. The Company applies the following five-step model in order to determine this amount: (i) identification of the promised goods in the contract; (ii) determination of whether the promised goods are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Generally, the Company's performance obligations are transferred to customers at a point in time, typically upon delivery.
Accounts Receivable	Accounts receivable Accounts receivable are recorded net of allowance for doubtful accounts. The Company provides an allowance for doubtful accounts equal to the estimated uncollectible amounts. Periodically, management assesses customer credit history and relationships as well as performs accounts receivable aging analysis. Accounts are considered past due after three months. As of September 30, 2018 and December 30, 2017, no allowance was deemed necessary.
Inventories	Inventories Inventories are valued at the lower of cost or market. Management compares the cost of inventories with the market value and allowance is made for writing down their inventories to market value, if lower.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, CAT9 Cayman, and its subsidiaries, including CAT9 Investment China, and Chongqing Field Industrial Company Ltd. All financial information has been prepared in conformity with accounting principles generally accepted in the United States of America. All significant intercompany transactions and balances have been eliminated.
Translation Adjustment	Translation Adjustment For the nine months ended and the year ended December 31, 2017, the accounts of the Chongqing CAT9 were maintained, and its financial statements were expressed, in RMB. Such
Comprehensive Income	Comprehensive Income The Company uses SFAS 130 “Reporting Comprehensive Income” (ASC Topic 220). Comprehensive income is comprised of net income and all changes to the statements of members’ capital, except those due to investments by members, changes in paid-in capital and distributions to members. Comprehensive income for the nine months ended and 2017 is included net income and foreign currency translation adjustments.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company 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.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2018
Disclosure Accumulated Other Comprehensive Income Tables Abstract
Schedule of Accumulated Other Comprehensive Income	Balance of related after-tax components comprising accumulated other comprehensive income included members’ capital were as follows at: September 30, December 31, Accumulated other comprehensive income, beginning of period $ (9,705 ) $ 3,028 Change in cumulative translation adjustment (3,898 ) (12,735 ) Accumulated other comprehensive income (loss) end of period $ (13,603 ) $ (9,705 )

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Disclosure Accumulated Other Comprehensive Income Details Abstract
Accumulated other comprehensive income, beginning of period	$ (9,705)	$ 3,028
Change in cumulative translation adjustment	(3,898)	(12,735)
Accumulated other comprehensive income (loss) end of period	$ (13,603)	$ (9,705)

Description Of Business And H_2

Description Of Business And History (Narrative) (Details)	Dec. 27, 2016
CAT9 Cayman And Its Subsidiaries [Member]
Ownership interest by parent	100.00%

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Other payable, related party	$ 282,343	$ 150,927
Related Parties [Member]
Related Party Transaction [Line Items]
Other payable, related party	$ 282,343	$ 150,927
Related party debt terms	The Company was indebted to related parties that advanced loans to the Company without any formal repayment terms</p>" id="sjs-B8">&lt;p style="font: 10pt Times New Roman, Times, Serif">The Company was indebted to related parties that advanced loans to the Company without any formal repayment terms&lt;/p>	The Company was indebted to related parties that advanced loans to the Company without any formal repayment terms</font></p>" id="sjs-C8">&lt;p>&lt;font style="font: 10pt Times New Roman, Times, Serif">The Company was indebted to related parties that advanced loans to the Company without any formal repayment terms&lt;/font>&lt;/p>

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($)	Apr. 04, 2018	May 10, 2017	Apr. 26, 2017	Mar. 31, 2017	Dec. 27, 2016	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Common stock, shares outstanding						102,166,400		101,000,000
Proceeds from issue of common stock							$ 8,100
Restricted Common Stock [Member] | Subscription Agreement - Tech Associates, Inc.
Shares issued for cash, shares				1,000,000
Proceeds from issue of common stock				$ 100
Wenfa "Simon" Sun - President, CEO And Chairman Of The Board Of Directors [Member] | Restricted Common Stock [Member]
Total shares held by shareholders for the period		90,000,000
Shares issued for cash, shares		78,000,000
Price per share		$ 0.0001
MeiHong "Sanya" Qian - Chief Financial Officer And Secretary [Member] | Restricted Common Stock [Member]
Total shares held by shareholders for the period		10,000,000
Shares issued for cash, shares		2,000,000
Price per share		$ 0.0001
Common Stock [Member]
Total shares held by shareholders for the period					1,000,000
Common stock, shares outstanding					20,000,000
Shares issued for cash, shares	1,166,400
Proceeds from issue of common stock	$ 93,312
Change in authorized share capital			On April 26, 2017, the Company filed a Certificate of Amendment to the Certificate of Incorporation with the Secretary of State of the State of Delaware to increase the authorized shares from 100,000,000 shares of common stock to 500,000,000 shares of common stock.</font></p>" id="sjs-D20">&lt;p>&lt;font style="font: 10pt Times New Roman, Times, Serif">On April 26, 2017, the Company filed a Certificate of Amendment to the Certificate of Incorporation with the Secretary of State of the State of Delaware to increase the authorized shares from 100,000,000 shares of common stock to 500,000,000 shares of common stock.&lt;/font>&lt;/p>
Common Stock [Member] | Share Exchange Agreement [Member] | Wenfa Simon Sun And Meihong Sanya Qian - Majority Shareholders and owners [Member]
Shares cancelled, shares					9,000,000
Cash paid for cancellation of shares					$ 1
Shares issued during the period, shares					19,000,000