Sleepaid Holding (SLPA) 10-Q 16 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 15, 2016
Document And Entity Information
Entity Registrant Name	Sleepaid Holding Co.
Entity Central Index Key	1,643,319
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
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 Common Stock, Shares Outstanding		13,663,322
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 278,105	$ 184,010
Trade receivable, net of allowance for doubtful accounts of $Nil for March 31, 2016 and $Nil for Dec 31, 2015	146,650	159,118
Inventories, net	756,123	806,443
Advance to suppliers	30,201	14,791
Loans to related parties	38,989	68,001
Other receivables	28,025	$ 26,135
Prepaid expenses	41,787
Total current assets	1,319,880	$ 1,258,498
Non-current assets:
Property, plant and equipment ,net	47,728	8,050
Trademarks	1,547	1,548
Total non-current assets	49,275	9,598
TOTAL ASSETS	1,369,155	1,268,096
Current liabilities:
Accounts payable	342,358	423,121
Accrued expense	25,563	37,165
Advances from customer	69,709	72,139
Loans from related parties	796,741	593,723
Tax payables	22,458	31,382
Other payables	40,849	41,108
Other tax payable	310	308
Total current liabilities	1,297,988	1,198,946
TOTAL LIABILITIES	$ 1,297,988	$ 1,198,946
STOCKHOLDER'S EQUITY
Preferred stock, $0.001 par value, 10,000,000 authorized; none issued and outstanding
Common stock, $0.001 par value, 65,000,000 authorized; 13,663,322 and 10,000,000 shares issued and outstanding, at March 31, 2016 and December 31, 2015 respectively	$ 13,663	$ 10,000
Additional paid-in capital	155,883	91,720
Accumulated other comprehensive (loss) income	(139,375)	(142,838)
Retained Earnings	40,996	110,268
TOTAL STOCKHOLDER'S EQUITY	71,167	69,150
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY	$ 1,369,155	$ 1,268,096

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Trade receivable
Stockholders' Deficit
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, Authorized	10,000,000	10,000,000
Preferred stock, Issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, Authorized	65,000,000	65,000,000
Common stock, Issued	13,663,322	10,000,000
Common stock, outstanding	13,663,322	10,000,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Consolidated Statements Of Operations
Net revenue	$ 632,572	$ 609,788
Cost of sales	(465,482)	(382,780)
Gross profit	167,090	227,008
Operating expenses:
Selling expense	59,190	56,971
General and administrative expense	176,965	149,605
Total operating loss	236,155	206,576
Income (Loss) from operations	(69,065)	20,432
Non-operating income (expense):
Interest income	$ 182	20
Interest expense		(10,790)
Other income		$ 62,369
Other expense	$ (389)
Total non-operating income (expense)	(207)	$ 51,599
Income (Loss) before income taxes	$ (69,272)	72,031
Income taxes		(23,872)
Net income (loss)	$ (69,272)	48,159
Comprehensive income statement:
Net income (loss)	(69,272)	48,159
Foreign currency translation adjustment	3,463	2,162
Comprehensive Income (Loss)	$ (65,809)	$ 50,321
Basic earnings (loss) per share of common stock	$ (0.005)	$ 5.032
Diluted earnings (loss) per share	$ (0.005)	$ 5.032
Weighted average shares used in calculating loss per common stock - basic	13,663,322	10,000
Weighted average shares used in calculating loss per common stock - diluted	13,663,322	10,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows provided by (used for) operating activities :
Net income (loss)	$ (69,272)	$ 48,159
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Depreciation	1,871	844
Changes in assets and liabilities:
Trade receivable	13,358	166,327
Inventories	55,017	(67,498)
Advances to suppliers	$ (15,095)	$ 42,390
Loans to related parties
Other receivables	$ (1,688)	$ 154,811
Prepaid expenses	(41,787)
Accounts payable	(82,466)	$ (127,746)
Other payables	(829)	(16,315)
Advances from customer	(2,880)	(20,644)
Tax payables	$ (9,009)	6,885
Loans from related parties		(36,097)
Accrued liabilities	$ (11,228)	7,174
Net cash provided by (used for) operating activities	(164,008)	158,290
Cash flows used for investing activities:
Purchase of property, plant and equipment	(40,941)	(972)
Net cash used for investing activities	$ (40,941)	(972)
Cash flows provided by (used for) financing activities:
Principal repayments to bank		$ (255,044)
Loan from related parties	$ 229,301
Issuance of common stock	67,826
Net cash provided by (used for) financing activities	297,127	$ (255,044)
Net increase (decrease) in cash	92,178	(97,726)
Effect of foreign currency translation	1,917	1,262
Cash - beginning of period	184,010	515,053
Cash - end of period	$ 278,105	418,589
Supplementary disclosure of cash flow information:
Interest paid		$ 10,790
Issuance of 36,663 shares of common stock at $0.001 par value	$ 67,826

ORGANIZATION AND PRINCIPAL ACTI

ORGANIZATION AND PRINCIPAL ACTIVITY	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION	Organization Sleepaid Holding Co. ("Sleepaid") and its subsidiaries are referred to herein collectively and on a consolidated basis as the "Company" or "we", "us" or "our" or similar terminology. Sleepaid, a Nevada Corporation, was incorporated under the laws of the State of Nevada on December 17, 2014. Yugosu Investment Limited ("Yugosu") was incorporated in Hong Kong on March 28, 2007 and established a fiscal year end of December 31. Guangzhou Smartfame Co., Ltd ("Guangzhou Smartfame"), the wholly owned subsidiary of the Yugosu, was incorporated under the laws of the PRC in Guangzhou, as a limited company on June 25, 2013. On May 11, 2016, Guangzhou Smartfame changed the name to Guangzhou Sleepaid Household Supplies Co., Ltd. (“Sleepaid Household”) and expanded the business activities to including the wholesale and manufacturing of household supplies and furniture. Yuewin Trading Ltd ("Yuewin"), the wholly owned subsidiary of Guangzhou Smartfame, was incorporated under the laws of the PRC as a limited company on March 24, 2008. The Company and its subsidiaries (hereinafter, collectively referred to as the "Group") are engaged in operating mattress and bedroom products retail outlets.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	(a) Method of Accounting The Company maintains its general ledger and journals with the accrual method accounting for financial reporting purposes. The consolidated financial statements and notes are representations of management. Accounting policies adopted by the Company conform to generally accepted accounting principles in the United States of America and have been consistently applied in the presentation of consolidated financial statements. (b) Principles of consolidation The consolidated financial statements are presented in US Dollars and include the accounts of the Company and its subsidiary. All significant inter-company balances and transactions are eliminated in consolidation. The following table depicts the identity of the subsidiary: Name of Subsidiary Place of Incorporation Attributable Equity Interest % Registered Capital Yugosu Investment Limited (1) Hong Kong 100 HKD10,000 Guangzhou Smartfame Co., Ltd (2) PRC 100 RMB3,000,000 Yuewin Trading Ltd (3) PRC 100 RMB500,000 Note: (1) Wholly owned subsidiary of Sleepaid Holding Company (2) Wholly owned subsidiary of Yugosu Investment Limited (3) Wholly owned subsidiary of Guangzhou Smartfame Co., Ltd (c) Use of estimates The preparation of consolidated financial statements that conform with generally accepted accounting principles in the United States of America 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time, however, actual results could differ materially from those estimates. (d) Economic and political risks The Company's operations are conducted in Hong Kong and China and a large number of customers are located in Southern China. Accordingly, the Company's business, financial condition and results of operations may be influenced by the political, economic and legal environment in Hong Kong and China, and by the general state of the economy in Hong Kong and China. The Company's operations and customers in Hong Kong and Southern China are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environments, and foreign currency exchange. The Company's results may be adversely affected by changes in the political and social conditions in Hong Kong and China, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation, among other things. (e) Property, plant and equipment Plant and equipment are carried at cost less accumulated depreciation. Depreciation is provided over their estimated useful lives, using the straight-line method with 5% scrape value. Estimated useful lives of the plant and equipment are as follows: Furniture and fixtures 4 years Office equipment 3 - 5 years Motor vehicles 4 years The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the statement of operation. (f) Accounting for the impairment of long-lived assets The Company periodically evaluates the carrying value of long-lived assets to be held and used, including intangible assets subject to amortization, when events and circumstances warrant such a review, pursuant to the guidelines established in ASC No. 360. The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair market value of the long-lived asset. Fair market value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair market values are reduced for the cost to dispose. During the reporting periods, there was no impairment loss. (g) Cash and concentration of risk The Group considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. The Group maintains bank accounts in HK and the PRC. (h) Income taxes The Company accounts for income tax using an asset and liability approach and allows for recognition of deferred tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future realization is uncertain. (i) Foreign currency translation The accompanying consolidated financial statements are presented in United States dollars (USD). The functional currencies of the Company's operating business based in Hong Kong and PRC are the Hong Kong Dollar (HKD) and Renminbi (RMB) respectively. The consolidated financial statements are translated into USD from HKD and RMB at period-end exchange rates as to assets and liabilities and average exchange rates as to revenues and expenses. Capital accounts are translated at their historical exchange rates when the capital transactions occurred. The exchange rates used to translate amounts in HK$ and RMB into USD for the purposes of preparing the consolidated financial statements were as follows: 2016 2015 Three months and Year end HKD: USD exchange rate 7.7545 7.7507 Average quarterly and yearly HKD: USD exchange rate 7.7734 7.7524 2016 2015 Three months and Year end RMB: USD exchange rate 6.4479 6.4917 Average quarterly and yearly RMB: USD exchange rate 6.5395 6.2228 The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into USD at the rates used in translation. In addition, the current foreign exchange control policies applicable in PRC also restrict the transfer of assets or dividends outside the PRC. (j) Comprehensive income Comprehensive income is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Among other disclosures, all items that are required to be recognized under current accounting standards as components of comprehensive income are required to be reported in a financial statement that is presented with the same prominence as other consolidated financial statements. The Company's current component of comprehensive income is the net income and foreign currency translation adjustment. (k) Recently implemented standards The FASB has issued No. 2016-07 "Topic 323, Investments—Equity Method and Joint Ventures: Simplifying the Transition to the Equity Method of Accounting," which aims to identify, evaluate, and improve areas of generally accepted accounting principles (GAAP) for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. The amendments in this Update affect all entities that have an investment that becomes qualified for the equity method of accounting as a result of an increase in the level of ownership interest or degree of influence. The amendments in this Update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. Earlier application is permitted. The FASB has issued No. 2016-08 "Topic 606, Revenue from Contracts with Customers: Principal versus Agent Considerations (Reporting Revenue Gross versus Net)," which requires the entity to determine whether the nature of its promise is to provide good or service to the customer (that is, the entity is a principal) or to arrange for the good or service to be provided to the customer by the other party (that is, the entity is an agent). This determination is based upon whether the entity controls the good or the service before it is transferred to the customer. The amendments in this Update affect entities with transactions included within the scope of Topic 606. The core principle of the guidance in Topic 606 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 amendments in this Update affect the guidance in Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606), which is not yet effective. The effective date and transition requirements for the amendments in this Update are the same as the effective date and transition requirements of Update 2014-09. Accounting Standards Update No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, defers the effective date of Update 2014-09 by one year. The FASB has issued No. 2016-09 "Topic 718, Compensation—Stock Compensation: Improvements to Employee Share-Based Payment Accounting," which aims to identify, evaluate, and improve areas of generally accepted accounting principles (GAAP) for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. The amendments in this Update affect all entities that issue share-based payment awards to their employees. The areas for simplification in this Update involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The amendments eliminate the guidance in Topic 718 that was indefinitely deferred shortly after the issuance of FASB Statement No. 123 (revised 2004), Share-Based Payment. For public business entities, the amendments in this Update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. For all other entities, the amendments are effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018. Early adoption is permitted for any entity in any interim or annual period. The FASB has issued No. 2016-10 "Topic 606, Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing." The amendments in this Update do not change the core principle of the guidance in Topic 606. Rather, the amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. The amendments in this Update clarify that contractual provisions that, explicitly or implicitly, require an entity to transfer control of additional goods or services to a customer (for example, by requiring the entity to transfer control of additional rights to use or rights to access intellectual property that the customer does not already control) should be distinguished from contractual provisions that, explicitly or implicitly, define the attributes of a single promised license (for example, restrictions of time, geographical region, or use). The amendments in this Update affect the guidance in Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606), which is not yet effective. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company's consolidated financial statements upon adoption. (l) Account receivable The Company is operating retail outlet stores in a cash or credit environment which rent space from various shopping malls controlling by the shopping mall owners. All customers pay for their purchases at the cashier counters operating by the owners. Upon confirmation of the transaction by the shopping mall, the shopping mall deducts the sales tax due to the government, the sales portion due to the shopping mall and remits the balance to the Company. It typically takes the shopping mall approximately 30 to 45 days to confirm the transaction, and settles net proceeds within the next 45 days. The Company's accounts receivable are the receivables due from the shopping malls for the sale of the products for which the shopping mall owner collected the payments from the customers and are holding to remit to the Company. Accounts receivable is recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An allowance for doubtful accounts is maintained for all customers based on a variety of factors, including the length of time the receivables are past due, significant one-time events and historical experience. Management reviews and adjusts this allowance periodically based on historical experience and its evaluation of the collectability of outstanding accounts receivable. The Company evaluates the credit risk of its customers utilizing historical data and estimates of future performance. Bad debts are written off as incurred. During the reporting years, there were no bad debts occurred. Outstanding accounts balances are reviewed individually for collectability. The Company does not charge any interest income on trade receivables. Accounts balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. To date, the Company has not charged off any balances as it has yet to exhaust all means of collection. (m) Inventories Inventories primarily consist of merchandise inventories and are stated at lower of cost or market and net realizable value. Cost of inventories is calculated on the weighted average basis which approximates cost. Management regularly reviews inventories and records valuation reserves for damaged and defective returns, inventories with slow-moving or obsolescence exposure and inventories with carrying value that exceeds market value. Because of its product mix, the Company has not historically experienced significant occurrences of obsolescence. Inventory shrinkage is accrued as a percentage of revenues based on historical inventory shrinkage trends. The Company performs physical inventory count of its stores once per quarter and cycle counts inventories at its distribution centers once per quarter throughout the year. The reserve for inventory shrinkage represents an estimate for inventory shrinkage for each store since the last physical inventory date through the reporting date. These reserves are estimates, which could vary significantly, either favorably or unfavorably, from actual results if future economic conditions, consumer demand and competitive environments differ from expectations. (n) Revenue recognition The Company earns revenue by selling merchandise through self-managed retail stores inside shopping malls, franchise stores and wholesale agent. Revenue from self-managed retail stores inside shopping malls is recognized when merchandise is purchased by and delivered to the customer, confirmed, fixed and reconciled with the shopping malls and collectability is reasonably assured. Revenue from franchised stores is recognized after goods delivered and cash collected (normally cash on delivery) from the franchise retail stores. Revenue from wholesale agent is recognized after goods delivered, amount fixed or determined and collectability is reasonably assured. All revenues are shown net of estimated returns during the relevant period represented by estimated allowance for sales returns based upon historical experience. The Company records sales tax collected from its customers on a net basis, and therefore excludes it from revenue as defined in ASC 605, Revenue Recognition. (o) Cost of sales Cost of sales includes the cost of merchandise, collecting and handling charges based on store sales deducted by landlord, related cost of packaging and shipping cost and the distribution center costs. (p) Operating lease rental The Company did not have a lease that met the criteria of a capital lease. Leases that do not qualify as a capital lease are classified as an operating lease. Operating lease rental expenses included in selling, general and administrative expenses for the three months ended March 31, 2016 and 2015 were $7,474 and $8,200, respectively (q) Selling expenses Selling expenses include store-related expense, other than store occupancy costs, as well as advertising, depreciation and amortization, and certain expenses associated with operating the Company's corporate headquarters. (r) Advertising costs The Company expensed all advertising costs as incurred. Advertising expenses, net of reimbursement from suppliers, amounted to $21,871 and $Nil for the three months ended March 31, 2016 and 2015 respectively. Advertising expense is included in selling expense in the accompanying consolidated statements of income. (s) Concentration of Credit Risk The Company maintains cash in bank deposit accounts in Hong Kong and PRC. The Company performs ongoing evaluations of this institution to limit its concentration risk exposure. The Company operates retail stores located in the PRC. Because of this, the Company is subject to regional risks, such as the economy, regional financial conditions and unemployment, weather conditions, power outages, and other natural disasters specific to the region in which the Company operates. (t) Retirement Benefit Plans Full time employees of the Company in the PRC participate in a government mandated defined contribution plan, pursuant to which certain pension benefits, medical care, employee housing fund and other welfare benefits are provided to employees. Chinese labor regulations require the Company to make contributions to the government for these benefits based on certain percentages of the employees' salaries. The Company accounts the mandated defined contribution plan under the vested benefit obligations approach based on the guidance of ASC 715, Compensation—Retirement Benefits. The total amounts for such employee benefits which were expensed were $10,853 and $9,914 for the three months ended March 31, 2016 and 2015, respectively. (u) Segment reporting In accordance with ASC 280-10, Segment Reporting ("ASC 280-10"), the Company's chief operating decision makers rely upon consolidated results of operations when making decisions about allocating resources and assessing performance of the Company. As a result of the assessment made by the chief operating decision makers, the Company has only one single operating and geographic segment. The Company does not distinguish between markets or segments for the purpose of internal reporting (v) Product warranty The company is the legal obligor for the warranties of the products sold to customers but believed that the likelihood that we would not recover all warranty costs from the manufacturer to be remote based on our past operating history, manufacturers' cooperation and their reputation and history of honoring all their warranty obligations. Since our inception to present, we have not incurred any direct warranty expenses and accordingly, the accrual and associated expenses recognized in the financial statements has been recorded as zero.

CONCENTRATIONS OF CREDIT RISK A

CONCENTRATIONS OF CREDIT RISK AND MAJOR CUSTOMERS	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
NOTE 3 - CONCENTRATIONS OF CREDIT RISK AND MAJOR CUSTOMERS	Financial instruments that potentially expose the company to concentrations of credit risk, consists of cash and accounts receivable as of March 31, 2016 and December 31, 2015. The Company performs ongoing evaluations of its cash position and credit evaluations to ensure sound collections and minimize credit losses exposure. As of March 31, 2016 and December 31, 2015, the Company's bank deposits conducted with banks in the PRC where there is currently no rule or regulation mandated on obligatory insurance of bank accounts. For the three months ended March 31, 2016 and year ended December 31, 2015, all of the Company's sales were generated from the PRC. The maximum amount of loss exposure due to credit risk that the Company would bear if the counter parties of the financial instruments failed to perform represents the carrying amount of each financial asset on the balance sheet. Normally, the Company does not require collateral from customers or debtors. Accounts Receivable Customer As at March 31, 2016 As at Dec 31, 2015 A $ 35,636 24 % $ 27,096 17 % B 20,896 14 % 24,955 16 % C 15,518 11 % 23,695 15 % D 13,500 9 % 15,414 10 % Total $ 85,550 58 % $ 91,160 58 % Accounts Payable Supplier As at March 31, 2016 As at Dec 31, 2015 A $ 167,306 49 % $ 166,177 39 % B 43,211 13 % 53,579 13 % C 42,689 12 % 43,095 10 % D 36,527 11 % 41,663 10 % E 15,362 4 % 30,780 7 % $ 305,095 89 % $ 335,294 79 %

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
NOTE 4 - PROPERTY, PLANT AND EQUIPMENT, NET	Details of property, plant and equipment are as follows: March 31, 2016 December 31, 2015 At cost Furniture and fixtures $ 8,321 $ 8,265 Office equipments 41,477 19,988 Motor vehicles 44,635 24,308 94,433 52,561 Less: accumulated depreciation (46,705 ) (44,511 ) $ 47,728 8,050 Depreciation expense for the three months ended March 31, 2016 and 2015 were $1,871 and $844 respectively.

ACCOUNT PAYABLES

ACCOUNT PAYABLES	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
NOTE 5 - ACCOUNT PAYABLES	Account payables were comprised of the following: March 31, 2016 December 31, 2015 Trade payables $ 342,358 $ 423,121

OTHER RECEIVABLES

OTHER RECEIVABLES	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
NOTE 6 - OTHER RECEIVABLES	Other receivables were comprised of the following: March 31, 2016 December 31, 2015 Loan advances to unrelated parties $ - $ - Disbursement and advances to employees 7,975 22,505 Deposit paid 20,050 3,630 $ 28,025 $ 26,135

OTHER PAYABLES

OTHER PAYABLES	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
NOTE 7 - OTHER PAYABLES	Other payables were comprised of the following: March 31, 2016 December 31, 2015 Loan advances from unrelated parties $ 40,323 $ 40,051 Sundries 526 1,057 $ 40,849 $ 41,108

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
NOTE 8 - INCOME TAXES	The Company is subject to the Federal Income tax rate of 34% and Hong Kong profits tax rate of 16.5%. No provision for income taxes in the United States and Hong Kong or elsewhere has been made as the Company had no taxable income for the quarter ended March 31, 2016 and year ended December 31, 2015. A reconciliation of the provision for income taxes with amount determined by applying the statutory Federal income tax rate of 34% to income before income taxes is as follow: March 31, 2016 December 31, 2015 Profit (Loss) before income tax $ (3,546 ) $ (22,000 ) Temporary Difference - - Permanent Difference - - Taxable income $ (3,546 ) $ (22,000 ) Federal Income Tax rate 34 % 34 % Current tax credit $ 1,206 $ 7,480 Less: Valuation allowance (1,206 ) (7,480 ) Income tax expenses $ - $ - A reconciliation of the provision for income taxes with amounts determined by applying the Hong Kong profit rate of 16.5% to income before income taxes is as follows: March 31, 2016 December 31, 2015 Profit (Loss) before income tax $ (26,970 ) $ (16,749 ) Temporary Difference - - Permanent Difference - 4 Taxable income $ (26,970 ) $ (16,752 ) Hong Kong Income Tax rate 16.5 % 16.5 % Current tax credit $ 4,450 $ 2,764 Less: Valuation allowance (4,450 ) (2,764 ) Income tax expenses $ - $ - Guangzhou Smartfame and Yuewin were incorporated in the PRC and are subjected to income taxes under the current laws of the PRC. The EIT rate of PRC was 25% for the quarter and year ended March 31, 2016 and December 31, 2015. Profit (loss) before income tax of $(38,757) and $120,478 for the quarter and year ended March 31, 2016 and December 31, 2015, respectively, were attributed to operations in China. The income tax expenses consisted of the following: March 31, 2016 December 31, 2015 Profit before income tax $ (38,757 ) $ 120,478 Temporary Difference - 4,829 Permanent Difference - 4,997 Taxable income $ (38,757 ) $ 130,304 China Enterprise Income Tax rate 25 % 25 % Current tax credit (expenses $ 9,689 $ (32,576 ) Less: Valuation allowance (9,689 ) - Income tax expenses $ - $ 32,576 No deferred tax has been provided as there are no material temporary differences arising during the quarter and year ended March 31, 2016 and December 31, 2015.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
NOTE 9 - COMMITMENTS AND CONTINGENCIES	The Company has operating lease agreements for office premises, which expiring through December 31, 2016 and December 31, 2018. Future minimum rental payments under agreements classified as operating leases with non-cancellable terms for the next one year and thereafter as follows: December 31, 2016 34,406 2017 42,205 2018 and thereafter 42,205 $ 118,816 Rental expense paid for the three months ended March 31, 2016 and 2015 were $7,474 and $8,200 respectively.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
NOTE 10 - SEGMENT INFORMATION	FASB Accounting Standard Codification Topic 280 (ASC 280) "Segment Reporting" establishes standards for reporting information about operating segments in financial statements. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision making group, in deciding how to allocate resources and in assessing performance. In 2016, the Company is regarded as a single operating segment, being engaged in the operating of mattress and bedroom products retail outlets. This principal activity and geographical market are substantially based in Hong Kong and the Mainland China, accordingly, no operating or geographical segment information are presented.

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
NOTE 11 - NET INCOME (LOSS) PER SHARE	A reconciliation of the numerator and denominator of basic and diluted net income (loss) per share ("EPS") is provided as follows: March 31, 2016 March 31, 2015 Numerator Net Income $ (69,272 ) $ 48,159 Denominator Weighted average shares – Basic EPS 13,663,322 10,000 Weighted average shares – Diluted EPS 13,663,322 10,000 Net income (loss) per share – Basic and Diluted EPS - basic and diluted $ (0.005 ) $ 4.816

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
NOTE 12 - RELATED PARTY TRANSACTIONS	Related party transactions comprised of loans from related parties and from director by director current account. As of March 31, 2016 and December 31, 2015, the loans from related parties were $796,741 and $593,723; All of these loans were provided for the Company's working capital, did not have collateral, bear no interest and repayable on demand. Detailed loans from related parties are listed as below: March 31, 2016 December 31, 2015 Wang Tao(a) 492,806 276,144 Cheung, Kuen Harry(a) $ - $ 13,864 Cheung Hang, Dennis(b) 51,179 50,834 Yugosu International Limited(c) 252,756 252,881 Total loans from related parties $ 796,741 $ 593,723 (a) Major shareholders of Amax Deluxe Ltd (b) Close family member of Cheung Kuen, Harry. (c) With common shareholder Cheung Kuen, Harry.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
NOTE 13 - SUBSEQUENT EVENTS	The Company has evaluated all other subsequent events through May 15, 2016, the date these financial statements were issued, and determined that there were no other subsequent events or transactions that require recognition or disclosures in the financial statements.

SUMMARY OF SIGNIFICANT ACCOUN19

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2016
Summary Of Significant Accounting Policies Policies
Method of accounting	The Company maintains its general ledger and journals with the accrual method accounting for financial reporting purposes. The consolidated financial statements and notes are representations of management. Accounting policies adopted by the Company conform to generally accepted accounting principles in the United States of America and have been consistently applied in the presentation of consolidated financial statements.
Principles of consolidation	The consolidated financial statements are presented in US Dollars and include the accounts of the Company and its subsidiary. All significant inter-company balances and transactions are eliminated in consolidation. The following table depicts the identity of the subsidiary: Name of Subsidiary Place of Incorporation Attributable Equity Interest % Registered Capital Yugosu Investment Limited (1) Hong Kong 100 HKD10,000 Guangzhou Smartfame Co., Ltd (2) PRC 100 RMB3,000,000 Yuewin Trading Ltd (3) PRC 100 RMB500,000 Note: (1) Wholly owned subsidiary of Sleepaid Holding Company (2) Wholly owned subsidiary of Yugosu Investment Limited (3) Wholly owned subsidiary of Guangzhou Smartfame Co., Ltd
Use of estimates	The preparation of consolidated financial statements that conform with generally accepted accounting principles in the United States of America 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time, however, actual results could differ materially from those estimates.
Economic and political risks	The Company's operations are conducted in Hong Kong and China and a large number of customers are located in Southern China. Accordingly, the Company's business, financial condition and results of operations may be influenced by the political, economic and legal environment in Hong Kong and China, and by the general state of the economy in Hong Kong and China. The Company's operations and customers in Hong Kong and Southern China are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environments, and foreign currency exchange. The Company's results may be adversely affected by changes in the political and social conditions in Hong Kong and China, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation, among other things.
Property, plant and equipment	Plant and equipment are carried at cost less accumulated depreciation. Depreciation is provided over their estimated useful lives, using the straight-line method with 5% scrape value. Estimated useful lives of the plant and equipment are as follows: Furniture and fixtures 4 years Office equipment 3 - 5 years Motor vehicles 4 years The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the statement of operation.
Accounting for the impairment of long-lived assets	The Company periodically evaluates the carrying value of long-lived assets to be held and used, including intangible assets subject to amortization, when events and circumstances warrant such a review, pursuant to the guidelines established in ASC No. 360. The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair market value of the long-lived asset. Fair market value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair market values are reduced for the cost to dispose. During the reporting periods, there was no impairment loss.
Cash and concentration of risk	The Group considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. The Group maintains bank accounts in HK and the PRC.
Income taxes	The Company accounts for income tax using an asset and liability approach and allows for recognition of deferred tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future realization is uncertain.
Foreign currency translation	The accompanying consolidated financial statements are presented in United States dollars (USD). The functional currencies of the Company's operating business based in Hong Kong and PRC are the Hong Kong Dollar (HKD) and Renminbi (RMB) respectively. The consolidated financial statements are translated into USD from HKD and RMB at period-end exchange rates as to assets and liabilities and average exchange rates as to revenues and expenses. Capital accounts are translated at their historical exchange rates when the capital transactions occurred. The exchange rates used to translate amounts in HK$ and RMB into USD for the purposes of preparing the consolidated financial statements were as follows: 2016 2015 Three months and Year end HKD: USD exchange rate 7.7545 7.7507 Average quarterly and yearly HKD: USD exchange rate 7.7734 7.7524 2016 2015 Three months and Year end RMB: USD exchange rate 6.4479 6.4917 Average quarterly and yearly RMB: USD exchange rate 6.5395 6.2228 The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into USD at the rates used in translation. In addition, the current foreign exchange control policies applicable in PRC also restrict the transfer of assets or dividends outside the PRC.
Comprehensive income	Comprehensive income is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Among other disclosures, all items that are required to be recognized under current accounting standards as components of comprehensive income are required to be reported in a financial statement that is presented with the same prominence as other consolidated financial statements. The Company's current component of comprehensive income is the net income and foreign currency translation adjustment.
Recently implemented standards	The FASB has issued No. 2016-07 "Topic 323, Investments—Equity Method and Joint Ventures: Simplifying the Transition to the Equity Method of Accounting," which aims to identify, evaluate, and improve areas of generally accepted accounting principles (GAAP) for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. The amendments in this Update affect all entities that have an investment that becomes qualified for the equity method of accounting as a result of an increase in the level of ownership interest or degree of influence. The amendments in this Update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. Earlier application is permitted. The FASB has issued No. 2016-08 "Topic 606, Revenue from Contracts with Customers: Principal versus Agent Considerations (Reporting Revenue Gross versus Net)," which requires the entity to determine whether the nature of its promise is to provide good or service to the customer (that is, the entity is a principal) or to arrange for the good or service to be provided to the customer by the other party (that is, the entity is an agent). This determination is based upon whether the entity controls the good or the service before it is transferred to the customer. The amendments in this Update affect entities with transactions included within the scope of Topic 606. The core principle of the guidance in Topic 606 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 amendments in this Update affect the guidance in Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606), which is not yet effective. The effective date and transition requirements for the amendments in this Update are the same as the effective date and transition requirements of Update 2014-09. Accounting Standards Update No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, defers the effective date of Update 2014-09 by one year. The FASB has issued No. 2016-09 "Topic 718, Compensation—Stock Compensation: Improvements to Employee Share-Based Payment Accounting," which aims to identify, evaluate, and improve areas of generally accepted accounting principles (GAAP) for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. The amendments in this Update affect all entities that issue share-based payment awards to their employees. The areas for simplification in this Update involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The amendments eliminate the guidance in Topic 718 that was indefinitely deferred shortly after the issuance of FASB Statement No. 123 (revised 2004), Share-Based Payment. For public business entities, the amendments in this Update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. For all other entities, the amendments are effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018. Early adoption is permitted for any entity in any interim or annual period. The FASB has issued No. 2016-10 "Topic 606, Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing." The amendments in this Update do not change the core principle of the guidance in Topic 606. Rather, the amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. The amendments in this Update clarify that contractual provisions that, explicitly or implicitly, require an entity to transfer control of additional goods or services to a customer (for example, by requiring the entity to transfer control of additional rights to use or rights to access intellectual property that the customer does not already control) should be distinguished from contractual provisions that, explicitly or implicitly, define the attributes of a single promised license (for example, restrictions of time, geographical region, or use). The amendments in this Update affect the guidance in Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606), which is not yet effective. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company's consolidated financial statements upon adoption.
Account receivable	The Company is operating retail outlet stores in a cash or credit environment which rent space from various shopping malls controlling by the shopping mall owners. All customers pay for their purchases at the cashier counters operating by the owners. Upon confirmation of the transaction by the shopping mall, the shopping mall deducts the sales tax due to the government, the sales portion due to the shopping mall and remits the balance to the Company. It typically takes the shopping mall approximately 30 to 45 days to confirm the transaction, and settles net proceeds within the next 45 days. The Company's accounts receivable are the receivables due from the shopping malls for the sale of the products for which the shopping mall owner collected the payments from the customers and are holding to remit to the Company. Accounts receivable is recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An allowance for doubtful accounts is maintained for all customers based on a variety of factors, including the length of time the receivables are past due, significant one-time events and historical experience. Management reviews and adjusts this allowance periodically based on historical experience and its evaluation of the collectability of outstanding accounts receivable. The Company evaluates the credit risk of its customers utilizing historical data and estimates of future performance. Bad debts are written off as incurred. During the reporting years, there were no bad debts occurred. Outstanding accounts balances are reviewed individually for collectability. The Company does not charge any interest income on trade receivables. Accounts balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. To date, the Company has not charged off any balances as it has yet to exhaust all means of collection.
Inventories	Inventories primarily consist of merchandise inventories and are stated at lower of cost or market and net realizable value. Cost of inventories is calculated on the weighted average basis which approximates cost. Management regularly reviews inventories and records valuation reserves for damaged and defective returns, inventories with slow-moving or obsolescence exposure and inventories with carrying value that exceeds market value. Because of its product mix, the Company has not historically experienced significant occurrences of obsolescence. Inventory shrinkage is accrued as a percentage of revenues based on historical inventory shrinkage trends. The Company performs physical inventory count of its stores once per quarter and cycle counts inventories at its distribution centers once per quarter throughout the year. The reserve for inventory shrinkage represents an estimate for inventory shrinkage for each store since the last physical inventory date through the reporting date. These reserves are estimates, which could vary significantly, either favorably or unfavorably, from actual results if future economic conditions, consumer demand and competitive environments differ from expectations.
Revenue recognition	The Company earns revenue by selling merchandise through self-managed retail stores inside shopping malls, franchise stores and wholesale agent. Revenue from self-managed retail stores inside shopping malls is recognized when merchandise is purchased by and delivered to the customer, confirmed, fixed and reconciled with the shopping malls and collectability is reasonably assured. Revenue from franchised stores is recognized after goods delivered and cash collected (normally cash on delivery) from the franchise retail stores. Revenue from wholesale agent is recognized after goods delivered, amount fixed or determined and collectability is reasonably assured. All revenues are shown net of estimated returns during the relevant period represented by estimated allowance for sales returns based upon historical experience. The Company records sales tax collected from its customers on a net basis, and therefore excludes it from revenue as defined in ASC 605, Revenue Recognition.
Costs of sales	Cost of sales includes the cost of merchandise, collecting and handling charges based on store sales deducted by landlord, related cost of packaging and shipping cost and the distribution center costs.
Operating lease rental	The Company did not have a lease that met the criteria of a capital lease. Leases that do not qualify as a capital lease are classified as an operating lease. Operating lease rental expenses included in selling, general and administrative expenses for the three months ended March 31, 2016 and 2015 were $7,474 and $8,200, respectively.
Selling expenses	Selling expenses include store-related expense, other than store occupancy costs, as well as advertising, depreciation and amortization, and certain expenses associated with operating the Company's corporate headquarters.
Advertising costs	The Company expensed all advertising costs as incurred. Advertising expenses, net of reimbursement from suppliers, amounted to $21,871 and $Nil for the three months ended March 31, 2016 and 2015 respectively. Advertising expense is included in selling expense in the accompanying consolidated statements of income.
Concentration of Credit Risk	The Company maintains cash in bank deposit accounts in Hong Kong and PRC. The Company performs ongoing evaluations of this institution to limit its concentration risk exposure. The Company operates retail stores located in the PRC. Because of this, the Company is subject to regional risks, such as the economy, regional financial conditions and unemployment, weather conditions, power outages, and other natural disasters specific to the region in which the Company operates.
Retirement Benefit Plans	Full time employees of the Company in the PRC participate in a government mandated defined contribution plan, pursuant to which certain pension benefits, medical care, employee housing fund and other welfare benefits are provided to employees. Chinese labor regulations require the Company to make contributions to the government for these benefits based on certain percentages of the employees' salaries. The Company accounts the mandated defined contribution plan under the vested benefit obligations approach based on the guidance of ASC 715, Compensation—Retirement Benefits. The total amounts for such employee benefits which were expensed were $10,853 and $9,914 for the three months ended March 31, 2016 and 2015, respectively.
Segment reporting	In accordance with ASC 280-10, Segment Reporting ("ASC 280-10"), the Company's chief operating decision makers rely upon consolidated results of operations when making decisions about allocating resources and assessing performance of the Company. As a result of the assessment made by the chief operating decision makers, the Company has only one single operating and geographic segment. The Company does not distinguish between markets or segments for the purpose of internal reporting.
Product Warranty	The company is the legal obligor for the warranties of the products sold to customers but believed that the likelihood that we would not recover all warranty costs from the manufacturer to be remote based on our past operating history, manufacturers' cooperation and their reputation and history of honoring all their warranty obligations. Since our inception to present, we have not incurred any direct warranty expenses and accordingly, the accrual and associated expenses recognized in the financial statements has been recorded as zero.

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2016
Summary Of Significant Accounting Policies Tables
Summary of owned subsidiaries	The following table depicts the identity of the subsidiary: Name of Subsidiary Place of Incorporation Attributable Equity Interest % Registered Capital Yugosu Investment Limited (1) Hong Kong 100 HKD10,000 Guangzhou Smartfame Co., Ltd (2) PRC 100 RMB3,000,000 Yuewin Trading Ltd (3) PRC 100 RMB500,000 Note: (1) Wholly owned subsidiary of Sleepaid Holding Company (2) Wholly owned subsidiary of Yugosu Investment Limited (3) Wholly owned subsidiary of Guangzhou Smartfame Co., Ltd
Estimated useful lives of the plant and equipment	Estimated useful lives of the plant and equipment are as follows: Furniture and fixtures 4 years Office equipment 3 - 5 years Motor vehicles 4 years
Summary of foreign currency translation	The exchange rates used to translate amounts in HK$ and RMB into USD for the purposes of preparing the consolidated financial statements were as follows: 2016 2015 Three months and Year end HKD: USD exchange rate 7.7545 7.7507 Average quarterly and yearly HKD: USD exchange rate 7.7734 7.7524 2016 2015 Three months and Year end RMB: USD exchange rate 6.4479 6.4917 Average quarterly and yearly RMB: USD exchange rate 6.5395 6.2228

CONCENTRATIONS OF CREDIT RISK21

CONCENTRATIONS OF CREDIT RISK AND MAJOR CUSTOMERS (Tables)	3 Months Ended
	Mar. 31, 2016
Concentrations Of Credit Risk And Major Customers Tables
Accounts Receivable	Accounts Receivable Customer As at March 31, 2016 As at Dec 31, 2015 A $ 35,636 24 % $ 27,096 17 % B 20,896 14 % 24,955 16 % C 15,518 11 % 23,695 15 % D 13,500 9 % 15,414 10 % Total $ 85,550 58 % $ 91,160 58 %
Accounts Payable	Accounts Payable Supplier As at March 31, 2016 As at Dec 31, 2015 A $ 167,306 49 % $ 166,177 39 % B 43,211 13 % 53,579 13 % C 42,689 12 % 43,095 10 % D 36,527 11 % 41,663 10 % E 15,362 4 % 30,780 7 % $ 305,095 89 % $ 335,294 79 %

PROPERTY, PLANT AND EQUIPMENT22

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	3 Months Ended
	Mar. 31, 2016
Property Plant And Equipment Net Tables
Details of property, plant and equipment	Details of property, plant and equipment are as follows: March 31, 2016 December 31, 2015 At cost Furniture and fixtures $ 8,321 $ 8,265 Office equipments 41,477 19,988 Motor vehicles 44,635 24,308 94,433 52,561 Less: accumulated depreciation (46,705 ) (44,511 ) $ 47,728 8,050

ACCOUNT PAYABLES (Tables)

ACCOUNT PAYABLES (Tables)	3 Months Ended
	Mar. 31, 2016
Account Payables Tables
Summary of accounts payable	Account payables were comprised of the following: March 31, 2016 December 31, 2015 Trade payables $ 342,358 $ 423,121

OTHER RECEIVABLES (Tables)

OTHER RECEIVABLES (Tables)	3 Months Ended
	Mar. 31, 2016
Other Receivables Tables
Summary of other receivables	Other receivables were comprised of the following: March 31, 2016 December 31, 2015 Loan advances to unrelated parties $ - $ - Disbursement and advances to employees 7,975 22,505 Deposit paid 20,050 3,630 $ 28,025 $ 26,135

OTHER PAYABLES (Tables)

OTHER PAYABLES (Tables)	3 Months Ended
	Mar. 31, 2016
Other Payables Tables
Summary of other payables	Other payables were comprised of the following: March 31, 2016 December 31, 2015 Loan advances from unrelated parties $ 40,323 $ 40,051 Sundries 526 1,057 $ 40,849 $ 41,108

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2016
Components of income tax expenses	A reconciliation of the provision for income taxes with amount determined by applying the statutory Federal income tax rate of 34% to income before income taxes is as follow: March 31, 2016 December 31, 2015 Profit (Loss) before income tax $ (3,546 ) $ (22,000 ) Temporary Difference - - Permanent Difference - - Taxable income $ (3,546 ) $ (22,000 ) Federal Income Tax rate 34 % 34 % Current tax credit $ 1,206 $ 7,480 Less: Valuation allowance (1,206 ) (7,480 ) Income tax expenses $ - $ -
Hong Kong [Member]
Components of income tax expenses	A reconciliation of the provision for income taxes with amounts determined by applying the Hong Kong profit rate of 16.5% to income before income taxes is as follows: March 31, 2016 December 31, 2015 Profit (Loss) before income tax $ (26,970 ) $ (16,749 ) Temporary Difference - - Permanent Difference - 4 Taxable income $ (26,970 ) $ (16,752 ) Hong Kong Income Tax rate 16.5 % 16.5 % Current tax credit $ 4,450 $ 2,764 Less: Valuation allowance (4,450 ) (2,764 ) Income tax expenses $ - $ -
China [Member]
Components of income tax expenses	Profit (loss) before income tax of $(38,757) and $120,478 for the quarter and year ended March 31, 2016 and December 31, 2015, respectively, were attributed to operations in China. The income tax expenses consisted of the following: March 31, 2016 December 31, 2015 Profit before income tax $ (38,757 ) $ 120,478 Temporary Difference - 4,829 Permanent Difference - 4,997 Taxable income $ (38,757 ) $ 130,304 China Enterprise Income Tax rate 25 % 25 % Current tax credit (expenses $ 9,689 $ (32,576 ) Less: Valuation allowance (9,689 ) - Income tax expenses $ - $ 32,576

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2016
Commitments And Contingencies Tables
Summary of commitments and contingencies	Future minimum rental payments under agreements classified as operating leases with non-cancellable terms for the next one year and thereafter as follows: December 31, 2016 34,406 2017 42,205 2018 and thereafter 42,205 $ 118,816

NET INCOME (LOSS) PER SHARE (Ta

NET INCOME (LOSS) PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2016
Net Income Loss Per Share Tables
Numerator and denominator of basic and diluted net income (loss) per share	A reconciliation of the numerator and denominator of basic and diluted net income (loss) per share ("EPS") is provided as follows: March 31, 2016 March 31, 2015 Numerator Net Income $ (69,272 ) $ 48,159 Denominator Weighted average shares – Basic EPS 13,663,322 10,000 Weighted average shares – Diluted EPS 13,663,322 10,000 Net income (loss) per share – Basic and Diluted EPS - basic and diluted $ (0.005 ) $ 4.816

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2016
Related Party Transactions Tables
Summary of related party transactions	Detailed loans from related parties are listed as below: March 31, 2016 December 31, 2015 Wang Tao(a) 492,806 276,144 Cheung, Kuen Harry(a) $ - $ 13,864 Cheung Hang, Dennis(b) 51,179 50,834 Yugosu International Limited(c) 252,756 252,881 Total loans from related parties $ 796,741 $ 593,723 (a) Major shareholders of Amax Deluxe Ltd (b) Close family member of Cheung Kuen, Harry. (c) With common shareholder Cheung Kuen, Harry.

SUMMARY OF SIGNIFICANT ACCOUN30

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - 3 months ended Mar. 31, 2016		HKD	CNY (¥)
Yugosu Investment Ltd. [Member] | HKD [Member]
Place of Incorporation	[1]	Hong Kong	Hong Kong
Attributable equity interest %	[1]	100.00%	100.00%
Registered capital | HKD	[1]	HKD 10,000
Guangzhou Smartfame Co., Ltd. [Member] | RMB [Member]
Place of Incorporation	[2]	PRC	PRC
Attributable equity interest %	[2]	100.00%	100.00%
Registered capital	[2]		¥ 3,000,000
Yuewin Trading Ltd [Member] | RMB [Member]
Place of Incorporation	[3]	PRC	PRC
Attributable equity interest %	[3]	100.00%	100.00%
Registered capital	[3]		¥ 500,000
[1]	Wholly owned subsidiary of Sleepaid Holding Company
[2]	Wholly owned subsidiary of Yugosu Investment Limited
[3]	Wholly owned subsidiary of Guangzhou Smartfame Co., Ltd

SUMMARY OF SIGNIFICANT ACCOUN31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)	3 Months Ended
	Mar. 31, 2016
Furniture and fixtures [Member]
Estimates Useful Life	4 years
Office equipment [Member] | Minimum [Member]
Estimates Useful Life	3 years
Office equipment [Member] | Maximum [Member]
Estimates Useful Life	5 years
Motor vehicles [Member]
Estimates Useful Life	4 years

SUMMARY OF SIGNIFICANT ACCOUN32

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)	Mar. 31, 2016	Mar. 31, 2015
HKD [Member]
Year end HKD: USD exchange rate	7.7545	7.7507
Average yearly HKD: USD exchange rate	7.7734	7.7524
RMB [Member]
Year end HKD: USD exchange rate	6.4479	6.4917
Average yearly HKD: USD exchange rate	6.5395	6.2228

SUMMARY OF SIGNIFICANT ACCOUN33

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Summary Of Significant Accounting Policies Details Narrative
Operating lease rental payments included in general and administrative expenses	$ 7,474	$ 8,200
Advertising expense	21,871	0
Employee benefits expensed	$ 10,853	$ 9,914

CONCENTRATIONS OF CREDIT RISK34

CONCENTRATIONS OF CREDIT RISK AND MAJOR CUSTOMERS (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Accounts Receivable	$ 85,550	$ 91,160
Percentage of accounts receivable	58.00%	58.00%
Customer A [Member]
Accounts Receivable	$ 35,636	$ 27,096
Percentage of accounts receivable	24.00%	17.00%
Customer B [Member]
Accounts Receivable	$ 20,896	$ 24,955
Percentage of accounts receivable	14.00%	16.00%
Customer C [Member]
Accounts Receivable	$ 15,518	$ 23,695
Percentage of accounts receivable	11.00%	15.00%
Customer D [Member]
Accounts Receivable	$ 13,500	$ 15,414
Percentage of accounts receivable	9.00%	10.00%

CONCENTRATIONS OF CREDIT RISK35

CONCENTRATIONS OF CREDIT RISK AND MAJOR CUSTOMERS (Details 1) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Accounts Payable	$ 305,095	$ 335,294
Percentage of accounts payable	89.00%	79.00%
Supplier A [Member]
Accounts Payable	$ 167,306	$ 166,177
Percentage of accounts payable	49.00%	39.00%
Supplier B [Member]
Accounts Payable	$ 43,211	$ 53,579
Percentage of accounts payable	13.00%	13.00%
Supplier C [Member]
Accounts Payable	$ 42,689	$ 43,095
Percentage of accounts payable	12.00%	10.00%
Supplier D [Member]
Accounts Payable	$ 36,527	$ 41,663
Percentage of accounts payable	11.00%	10.00%
Supplier E [Member]
Accounts Payable	$ 15,362	$ 30,780
Percentage of accounts payable	4.00%	7.00%

PROPERTY, PLANT AND EQUIPMENT36

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Total property, plant and equipment	$ 94,433	$ 52,561
Less: accumulated depreciation	(46,705)	(44,511)
Total property, plant and equipment, net	47,728	8,050
Furniture and fixtures [Member]
Total property, plant and equipment	8,321	8,265
Office equipment [Member]
Total property, plant and equipment	41,477	19,988
Motor vehicles [Member]
Total property, plant and equipment	$ 44,635	$ 24,308

PROPERTY, PLANT AND EQUIPMENT37

PROPERTY, PLANT AND EQUIPMENT, NET (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Property Plant And Equipment Net Details Narrative
Depreciation expense	$ 1,871	$ 844

ACCOUNT PAYABLES (Details)

ACCOUNT PAYABLES (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Account Payables Details
Trade payables	$ 342,358	$ 423,121

OTHER RECEIVABLES (Details)

OTHER RECEIVABLES (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Other Receivables Details
Loan advances to unrelated parties
Disbursement and advances to employees	$ 7,975	$ 22,505
Deposits paid	20,050	3,630
Other receivables	$ 28,025	$ 26,135

OTHER PAYABLES (Details)

OTHER PAYABLES (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Other Payables Details
Loan advances from related parties	$ 40,323	$ 40,051
Sundries	526	1,057
Other payables	$ 40,849	$ 41,108

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Profit (Loss) before income tax	$ (3,546)		$ (22,000)
Temporary Difference
Permanent Difference
Taxable income	$ (3,546)		$ (22,000)
Income Tax rate	34.00%		34.00%
Current tax credit	$ 1,206		$ 7,480
Less: Valuation allowance	$ (1,206)		$ (7,480)
Income tax expenses		$ 23,872
Hong Kong [Member]
Profit (Loss) before income tax	$ (26,970)		$ (16,749)
Temporary Difference
Permanent Difference			$ 4
Taxable income	$ (26,970)		$ (16,752)
Income Tax rate	16.50%		16.50%
Current tax credit	$ 4,450		$ 2,764
Less: Valuation allowance	$ (4,450)		$ (2,764)
Income tax expenses
China [Member]
Profit (Loss) before income tax	$ (38,757)		$ 120,478
Temporary Difference			4,829
Permanent Difference			4,997
Taxable income	$ (38,757)		$ 130,304
Income Tax rate	25.00%		25.00%
Current tax credit	$ 9,689		$ (32,576)
Less: Valuation allowance	$ (9,689)
Income tax expenses			$ 32,576

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
EIT rate of PRC	25.00%	25.00%
Profit (loss) before income tax	$ (3,546)	$ (22,000)
China [Member]
Profit (loss) before income tax	$ (38,757)	$ 120,478

COMMITMENTS AND CONTINGENCIES43

COMMITMENTS AND CONTINGENCIES (Details)	Mar. 31, 2016USD ($)
Commitments And Contingencies Details
2,016	$ 34,406
2,017	42,205
2018 and thereafter	42,205
Total	$ 118,816

COMMITMENTS AND CONTINGENCIES44

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Commitments And Contingencies Details Narrative
Rental expense	$ 7,474	$ 8,200

NET INCOME (LOSS) PER SHARE (De

NET INCOME (LOSS) PER SHARE (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Numerator
Net Income	$ (69,272)	$ 48,159
Denominator
Weighted average shares - Basic EPS	13,663,322	10,000
Weighted average shares - Diluted EPS	13,663,322	10,000
Net income (loss) per share - Basic and Diluted
EPS - basic and diluted	$ (0.005)	$ 4.816

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)		Mar. 31, 2016	Dec. 31, 2015
Total loans from related parties		$ 796,741	$ 593,723
Wang Tao [Member]
Total loans from related parties	[1]	$ 492,806	276,144
Cheung Kuen Harry [Member]
Total loans from related parties	[1]		13,864
Cheung Hang Dennis [Member]
Total loans from related parties	[2]	$ 51,179	50,834
Yugosu International Limited [Member]
Total loans from related parties	[3]	$ 252,756	$ 252,881
[1]	Major shareholders of Amax Deluxe Ltd.
[2]	Close family member of Cheung Kuen, Harry
[3]	With common shareholder Cheung Kuen, Harry

RELATED PARTY TRANSACTIONS (D47

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Related Party Transactions Details Narrative
Loans- related parties	$ 796,741	$ 593,723