10-Q Filing

CHINA TIANFEIHONG WINE INC CIK: 1501225 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0000721748-14-000395`
Period End Date	20140228
Filing Date	20140421
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	znth-20140228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 4 Cash Flow Statement 50 Stockholders Equity 9

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Cash	`Cash`	$3.42M	USD	Point-in-time
Cash	`Cash`	$5.30M	USD	Point-in-time
Cash	`Cash`	$1.91M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	32.00M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	34.40M	shares	Point-in-time
Cash	`Cash`	$3.99M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	32.00M	shares	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$609.89K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	2.40M	shares	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$911.57K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	34.40M	shares	Point-in-time
Inventory, net	`InventoryNet`	$508.64K	USD	Point-in-time
Inventory, net	`InventoryNet`	$461.23K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$15.79K	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$45.67K	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.74M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$72.26K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$104.05K	USD	Point-in-time
Total Assets	`Assets`	$5.22M	USD	Point-in-time
Total Assets	`Assets`	$6.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$788.59K	USD	Point-in-time
Taxes payable	`AccruedIncomeTaxes`	$31.22K	USD	Point-in-time
Taxes payable	`AccruedIncomeTaxes`	$72.63K	USD	Point-in-time
Loan from stockholders	`LoansPayableCurrent`	$26.81K	USD	Point-in-time
Loan from stockholders	`LoansPayableCurrent`	-	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$36.35K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$12.04K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$831.85K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.71M	USD	Point-in-time
Common stock, $0.0006 par value per share, 80,000,000shares authorized; 34,396,680 and 32,000,000 shares issued and outstanding as of February 28, 2014 andAugust 31, 2013, respectively	`CommonStockValue`	$19.20K	USD	Point-in-time
Common stock, $0.0006 par value per share, 80,000,000shares authorized; 34,396,680 and 32,000,000 shares issued and outstanding as of February 28, 2014 andAugust 31, 2013, respectively	`CommonStockValue`	$20.64K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$812.16K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$726.55K	USD	Point-in-time
Statutory reserve fund	`LoansAndLeasesReceivableForeignAllowance`	$65.38K	USD	Point-in-time
Statutory reserve fund	`LoansAndLeasesReceivableForeignAllowance`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.34M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.92M	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossBeforeTax1`	$227.64K	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossBeforeTax1`	$124.62K	USD	Point-in-time
Noncontrolling interests	`NoncontrollingInterestInVariableInterestEntity`	$131.36K	USD	Point-in-time
Noncontrolling interests	`NoncontrollingInterestInVariableInterestEntity`	$90.77K	USD	Point-in-time
Stockholders equity before noncontrolling interests	`StockholdersEquity`	$4.38M	USD	Point-in-time
Stockholders equity before noncontrolling interests	`StockholdersEquity`	$5.10M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$6.81M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$5.22M	USD	Point-in-time

Income Statement 4 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$840.11K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$687.15K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$840.11K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$687.15K	USD	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$840.11K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$687.15K	USD	2 Qtrs
Depreciation	`Depreciation`	$22.70K	USD	3 Qtrs
Depreciation	`Depreciation`	$5.54K	USD	2 Qtrs
Depreciation	`Depreciation`	$2.79K	USD	1 Quarter
Depreciation	`Depreciation`	$33.26K	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-323.55K	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-301.68K	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$911.57K	USD	1 Quarter
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$609.89K	USD	3 Qtrs
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-186.59K	USD	2 Qtrs
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-47.41K	USD	2 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-15.79K	USD	2 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Decrease in advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$45.67K	USD	2 Qtrs
Decrease in advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$26.39K	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$482.63K	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$790.58K	USD	2 Qtrs
Increase in taxes payable	`IncreaseDecreaseInIncomeTaxes`	$5.84K	USD	2 Qtrs
Increase in taxes payable	`IncreaseDecreaseInIncomeTaxes`	$41.41K	USD	2 Qtrs
Increase in accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$24.32K	USD	2 Qtrs
Increase in accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$765.00	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$851.12K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.26M	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquireProductiveAssets`	-	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquireProductiveAssets`	$-852.00	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-852.00	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Capital contributed by a stockholder	`ProceedsFromContributedCapital`	$555.45K	USD	2 Qtrs
Capital contributed by a stockholder	`ProceedsFromContributedCapital`	-	USD	2 Qtrs
Loan from stockholder	`ProceedsFromLoans`	-	USD	2 Qtrs
Loan from stockholder	`ProceedsFromLoans`	$26.88K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$555.45K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$26.88K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCash`	$24.39K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCash`	$108.06K	USD	2 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$1.51M	USD	2 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$1.31M	USD	2 Qtrs
Cash, beginning	`Cash`	$3.42M	USD	Point-in-time
Cash, beginning	`Cash`	$5.30M	USD	Point-in-time
Cash, beginning	`Cash`	$1.91M	USD	Point-in-time
Cash, beginning	`Cash`	$3.99M	USD	Point-in-time
Cash, end	`Cash`	$3.42M	USD	Point-in-time
Cash, end	`Cash`	$5.30M	USD	Point-in-time
Cash, end	`Cash`	$1.91M	USD	Point-in-time
Cash, end	`Cash`	$3.99M	USD	Point-in-time
Interest	`InterestExpense`	-	USD	2 Qtrs
Interest	`InterestExpense`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$187.21K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$218.10K	USD	2 Qtrs

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$4.38M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.10M	USD	Point-in-time
Reverse acquisition equity adjustments	`StockholdersEquityNoteSpinoffTransaction`	$-84.17K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$840.11K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$687.15K	USD	2 Qtrs
Appropriation to statutory reserve	`ValuationAllowancesAndReservesChargedToCostAndExpense`	-	USD	2 Qtrs
Foreign currency translation adjustment	`TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease`	$109.25K	USD	2 Qtrs
Ending Blance	`StockholdersEquity`	$4.38M	USD	Point-in-time
Ending Blance	`StockholdersEquity`	$5.10M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.