10-Q Filing

CHINA TIANFEIHONG WINE INC CIK: 1501225 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0000721748-14-000717`
Period End Date	20140531
Filing Date	20140721
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	znth-20140531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 80 Cash Flow Statement 50 Stockholders Equity 11

Balance Sheet 56 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	`CashAndCashEquivalentsAtCarryingValue`	$4.86M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	34.40M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	32.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.99M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	32.00M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	34.40M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	14.38M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$420.04K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$609.89K	USD	Point-in-time
Inventory, net	`InventoryNet`	$461.23K	USD	Point-in-time
Inventory, net	`InventoryNet`	$279.79K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$57.05K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.56K	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`	$5.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.11M	USD	Point-in-time
Fixed assets, net	`NoncurrentAssets`	$59.82K	USD	Point-in-time
Fixed assets, net	`NoncurrentAssets`	$104.05K	USD	Point-in-time
Total Assets	`Assets`	$5.68M	USD	Point-in-time
Total Assets	`Assets`	$5.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$355.93K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$788.59K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$31.22K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$18.29K	USD	Point-in-time
Loans from stockholder	`AccountsPayableRelatedPartiesCurrent`	$47.45K	USD	Point-in-time
Loans from stockholder	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Accrued liabilities and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$40.95K	USD	Point-in-time
Accrued liabilities and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$12.04K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$831.85K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$462.61K	USD	Point-in-time
Common stock, $0.0006 par value per share, 80,000,000 shares authorized; 34,396,680 and 32,000,000 shares issued and outstanding as of May 31, 2014 and August 31, 2013, respectively	`CommonStockValue`	$20.64K	USD	Point-in-time
Common stock, $0.0006 par value per share, 80,000,000 shares authorized; 34,396,680 and 32,000,000 shares issued and outstanding as of May 31, 2014 and August 31, 2013, respectively	`CommonStockValue`	$19.20K	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	`ValuationAllowancesAndReservesBalance`	-	USD	Point-in-time
Statutory reserve fund	`ValuationAllowancesAndReservesBalance`	$80.64K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.34M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.07M	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossBeforeTax1`	$192.43K	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossBeforeTax1`	$124.62K	USD	Point-in-time
Stockholders equity before noncontrolling interests	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.09M	USD	Point-in-time
Stockholders equity before noncontrolling interests	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.29M	USD	Point-in-time
Noncontrolling interests	`NonredeemableNoncontrollingInterest`	$90.77K	USD	Point-in-time
Noncontrolling interests	`NonredeemableNoncontrollingInterest`	$132.72K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.22M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.38M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$5.22M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$5.68M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.42M	USD	1 Quarter
Revenue	`Revenues`	$6.23M	USD	3 Qtrs
Revenue	`Revenues`	$1.99M	USD	1 Quarter
Revenue	`Revenues`	$6.90M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$4.48M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$4.17M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.32M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$972.08K	USD	1 Quarter
Gross profit	`GrossProfit`	$2.06M	USD	3 Qtrs
Gross profit	`GrossProfit`	$443.56K	USD	1 Quarter
Gross profit	`GrossProfit`	$2.42M	USD	3 Qtrs
Gross profit	`GrossProfit`	$664.81K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$168.08K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$676.15K	USD	3 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$206.34K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$677.69K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$260.17K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$58.73K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$81.57K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$255.41K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$287.90K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$931.56K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$937.86K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$226.81K	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperations`	$1.12M	USD	3 Qtrs
Income from operations	`IncomeLossFromContinuingOperations`	$1.49M	USD	3 Qtrs
Income from operations	`IncomeLossFromContinuingOperations`	$376.91K	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperations`	$216.75K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$4.77K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$12.40K	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$8.12K	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$3.25K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$221.53K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.13M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$380.16K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.50M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$375.08K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$95.04K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$279.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$55.40K	USD	1 Quarter
Net income	`NetIncomeLoss`	$166.13K	USD	1 Quarter
Net income	`NetIncomeLoss`	$853.28K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$285.12K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.13M	USD	3 Qtrs
Noncontrolling interests	`IncomeLossAttributableToNoncontrollingInterest`	$-8.13K	USD	1 Quarter
Noncontrolling interests	`IncomeLossAttributableToNoncontrollingInterest`	$-56.26K	USD	3 Qtrs
Noncontrolling interests	`IncomeLossAttributableToNoncontrollingInterest`	$-14.26K	USD	1 Quarter
Noncontrolling interests	`IncomeLossAttributableToNoncontrollingInterest`	$-42.49K	USD	3 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAttributableToNoncontrollingInterest`	$810.78K	USD	3 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAttributableToNoncontrollingInterest`	$158.00K	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.07M	USD	3 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAttributableToNoncontrollingInterest`	$270.87K	USD	1 Quarter
Earnings per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Earnings per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.02	USD	3 Qtrs
Earnings per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Earnings per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.03	USD	3 Qtrs
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	32.00M	shares	3 Qtrs
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.40M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	33.33M	shares	3 Qtrs
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	32.00M	shares	1 Quarter
Net Income	`ComprehensiveIncomeNetOfTax`	$853.28K	USD	3 Qtrs
Net Income	`ComprehensiveIncomeNetOfTax`	$285.12K	USD	1 Quarter
Net Income	`ComprehensiveIncomeNetOfTax`	$166.13K	USD	1 Quarter
Net Income	`ComprehensiveIncomeNetOfTax`	$1.13M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$67.28K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$174.17K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-41.97K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$141.83K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$920.55K	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.30M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$426.95K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$124.16K	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-41.95K	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-121.63K	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.36K	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-165.25K	USD	3 Qtrs
Net Comprehensive income attributable to common stockholders	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$878.60K	USD	3 Qtrs
Net Comprehensive income attributable to common stockholders	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.13M	USD	3 Qtrs
Net Comprehensive income attributable to common stockholders	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$122.79K	USD	1 Quarter
Net Comprehensive income attributable to common stockholders	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$305.32K	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$166.13K	USD	1 Quarter
Net income	`NetIncomeLoss`	$853.28K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$285.12K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.13M	USD	3 Qtrs
Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease`	$38.90K	USD	3 Qtrs
Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease`	$45.18K	USD	3 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-185.55K	USD	3 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$189.85K	USD	3 Qtrs
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$181.44K	USD	3 Qtrs
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$-114.90K	USD	3 Qtrs
(Increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	-	USD	3 Qtrs
(Increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-57.05K	USD	3 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.56K	USD	3 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-17.43K	USD	3 Qtrs
Decrease in advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$40.38K	USD	3 Qtrs
Decrease in advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$45.67K	USD	3 Qtrs
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-432.66K	USD	3 Qtrs
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$227.04K	USD	3 Qtrs
(Decrease) increase in taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$6.29K	USD	3 Qtrs
(Decrease) increase in taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-12.93K	USD	3 Qtrs
Increase (decrease) in accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-500.00	USD	3 Qtrs
Increase (decrease) in accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$28.91K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.12M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$838.13K	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquireProductiveAssets`	-	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquireProductiveAssets`	$-850.00	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-850.00	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Capital contributed by one stockholder	`PartnersCapitalAccountUnitsContributed`	-	shares	3 Qtrs
Capital contributed by one stockholder	`PartnersCapitalAccountUnitsContributed`	557,200.00	shares	3 Qtrs
Proceeds from stockholder loans	`ProceedsFromRelatedPartyDebt`	$46.48K	USD	3 Qtrs
Proceeds from stockholder loans	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.48K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$557.20K	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCash`	$83.94K	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCash`	$-16.02K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$867.73K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.76M	USD	3 Qtrs
Cash, beginning	`Cash`	$3.67M	USD	Point-in-time
Cash, beginning	`Cash`	$4.86M	USD	Point-in-time
Cash, beginning	`Cash`	$3.99M	USD	Point-in-time
Cash, beginning	`Cash`	$1.91M	USD	Point-in-time
Cash, end	`Cash`	$3.67M	USD	Point-in-time
Cash, end	`Cash`	$4.86M	USD	Point-in-time
Cash, end	`Cash`	$3.99M	USD	Point-in-time
Cash, end	`Cash`	$1.91M	USD	Point-in-time
Interest	`InterestPaid`	-	USD	3 Qtrs
Interest	`InterestPaid`	-	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$334.00K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$368.91K	USD	3 Qtrs

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$5.22M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$4.38M	USD	Point-in-time
Reverse acquisition equity adjustments	`StockholdersEquityNoteSpinoffTransaction`	$-84.17K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$166.13K	USD	1 Quarter
Net income	`NetIncomeLoss`	$853.28K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$285.12K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.13M	USD	3 Qtrs
Appropriation to statutory reserve	`ValuationAllowancesAndReservesPeriodIncreaseDecrease`	-	USD	3 Qtrs
Foreign currency translation adjustment	`TranslationAdjustmentFunctionalToReportingCurrencyTaxBenefitExpense`	$67.28K	USD	3 Qtrs
Ending Balance	`StockholdersEquity`	$5.22M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$4.38M	USD	Point-in-time

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