10-K Filing

CHINA TIANFEIHONG WINE INC CIK: 1501225 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0000721748-14-001222`
Period End Date	20140831
Filing Date	20141216
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	tfhw-20140831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 40 Cash Flow Statement 46 Stockholders Equity 14

Balance Sheet 57 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
Common Stock, Shares Issued	`CommonStockSharesIssued`	32.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.23M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.99M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	34.40M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	14.38M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$609.89K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	32.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$431.94K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	34.40M	shares	Point-in-time
Inventory, net	`InventoryNet`	$461.23K	USD	Point-in-time
Inventory, net	`InventoryNet`	$375.75K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$50.35K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$40.62K	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	-	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$45.67K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.13M	USD	Point-in-time
Fixed assets, net	`NoncurrentAssets`	$104.05K	USD	Point-in-time
Fixed assets, net	`NoncurrentAssets`	$48.11K	USD	Point-in-time
Total Assets	`Assets`	$6.18M	USD	Point-in-time
Total Assets	`Assets`	$5.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$788.59K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$682.03K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$19.46K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$31.22K	USD	Point-in-time
Loans from stockholder	`AccountsPayableRelatedPartiesCurrent`	$24.34K	USD	Point-in-time
Loans from stockholder	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Accrued liabilities and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$12.04K	USD	Point-in-time
Accrued liabilities and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$72.98K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$798.82K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$831.85K	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 August 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 August 31, 2014 and August 31, 2013, respectively	`CommonStockValue`	$19.20K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$726.55K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$812.16K	USD	Point-in-time
Statutory reserve fund	`ValuationAllowancesAndReservesBalance`	$420.41K	USD	Point-in-time
Statutory reserve fund	`ValuationAllowancesAndReservesBalance`	$333.68K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.00M	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossBeforeTax1`	$124.62K	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossBeforeTax1`	$203.70K	USD	Point-in-time
Stockholders equity before noncontrolling interests	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.29M	USD	Point-in-time
Stockholders equity before noncontrolling interests	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.24M	USD	Point-in-time
Noncontrolling interests	`NonredeemableNoncontrollingInterest`	$140.61K	USD	Point-in-time
Noncontrolling interests	`NonredeemableNoncontrollingInterest`	$90.77K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.38M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.34M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.38M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$6.18M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$5.22M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$7.47M	USD	Annual
Revenue	`Revenues`	$8.68M	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$5.66M	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$5.02M	USD	Annual
Gross profit	`GrossProfit`	$3.02M	USD	Annual
Gross profit	`GrossProfit`	$2.45M	USD	Annual
Selling and marketing	`SellingAndMarketingExpense`	$889.00K	USD	Annual
Selling and marketing	`SellingAndMarketingExpense`	$838.34K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$295.84K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$298.55K	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.14M	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.18M	USD	Annual
Income from operations	`IncomeLossFromContinuingOperations`	$1.31M	USD	Annual
Income from operations	`IncomeLossFromContinuingOperations`	$1.84M	USD	Annual
Interest income	`InterestIncomeOther`	$17.35K	USD	Annual
Interest income	`InterestIncomeOther`	$11.94K	USD	Annual
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.33M	USD	Annual
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.85M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$468.03K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$332.87K	USD	Annual
Net income	`NetIncomeLoss`	$1.38M	USD	Annual
Net income	`NetIncomeLoss`	$998.50K	USD	Annual
Noncontrolling interests	`IncomeLossAttributableToNoncontrollingInterest`	$-49.53K	USD	Annual
Noncontrolling interests	`IncomeLossAttributableToNoncontrollingInterest`	$-49.82K	USD	Annual
Net income attributable to common stockholders	`NetIncomeLossAttributableToNoncontrollingInterest`	$948.97K	USD	Annual
Net income attributable to common stockholders	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.33M	USD	Annual
Earnings per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.03	USD	Annual
Earnings per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.04	USD	Annual
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	33.60M	shares	Annual
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	32.00M	shares	Annual
Net income	`ComprehensiveIncomeNetOfTax`	$998.50K	USD	Annual
Net income	`ComprehensiveIncomeNetOfTax`	$1.38M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$79.39K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$94.70K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.08M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.48M	USD	Annual
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-50.53K	USD	Annual
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-49.84K	USD	Annual
Comprehensive income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.03M	USD	Annual
Comprehensive income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.42M	USD	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.38M	USD	Annual
Net income	`NetIncomeLoss`	$998.50K	USD	Annual
Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease`	$41.62K	USD	Annual
Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease`	$57.02K	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$177.95K	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-138.65K	USD	Annual
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$85.48K	USD	Annual
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$-9.96K	USD	Annual
(Increase) in prepaid income tax	`IncreaseDecreaseInPrepaidTaxes`	-	USD	Annual
(Increase) in prepaid income tax	`IncreaseDecreaseInPrepaidTaxes`	$-50.35K	USD	Annual
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-40.62K	USD	Annual
Decrease (Increase) in advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$45.67K	USD	Annual
Decrease (Increase) in advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$-4.09K	USD	Annual
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-106.56K	USD	Annual
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$159.65K	USD	Annual
(Decrease) increase in taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-11.76K	USD	Annual
(Decrease) increase in taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$64.25K	USD	Annual
Increase in accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$60.94K	USD	Annual
Increase in accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$241.00	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.22M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.44M	USD	Annual
Purchase of equipment	`PaymentsToAcquireProductiveAssets`	-	USD	Annual
Purchase of equipment	`PaymentsToAcquireProductiveAssets`	$-849.00	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-849.00	USD	Annual
Capital contributed by stockholder	`ProceedsFromContributedCapital`	$559.91K	USD	Annual
Capital contributed by stockholder	`ProceedsFromContributedCapital`	-	USD	Annual
Proceeds from stockholder loans	`ProceedsFromRelatedPartyDebt`	$24.37K	USD	Annual
Proceeds from stockholder loans	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$24.37K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$559.91K	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCash`	$82.23K	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCash`	$-5.04K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.09M	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.23M	USD	Annual
Cash, beginning	`Cash`	$3.99M	USD	Point-in-time
Cash, beginning	`Cash`	$1.91M	USD	Point-in-time
Cash, beginning	`Cash`	$5.23M	USD	Point-in-time
Cash, end	`Cash`	$3.99M	USD	Point-in-time
Cash, end	`Cash`	$1.91M	USD	Point-in-time
Cash, end	`Cash`	$5.23M	USD	Point-in-time
Interest	`InterestPaid`	-	USD	Annual
Interest	`InterestPaid`	-	USD	Annual
Income taxes	`IncomeTaxesPaid`	$380.64K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$458.75K	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$4.38M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.34M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.38M	USD	Point-in-time
Capital contribution by shareholder	`ProceedsFromPartnershipContribution`	$-84.17K	USD	Annual
Capital contribution by shareholder	`ProceedsFromPartnershipContribution`	$567.85K	USD	Annual
Net income	`NetIncomeLoss`	$1.38M	USD	Annual
Net income	`NetIncomeLoss`	$998.50K	USD	Annual
Appropriation to statutory reserve	`ValuationAllowancesAndReservesPeriodIncreaseDecrease`	-	USD	Annual
Appropriation to statutory reserve	`ValuationAllowancesAndReservesPeriodIncreaseDecrease`	-	USD	Annual
Foreign currency translation adjustment	`TranslationAdjustmentFunctionalToReportingCurrencyTaxBenefitExpense`	$94.70K	USD	Annual
Foreign currency translation adjustment	`TranslationAdjustmentFunctionalToReportingCurrencyTaxBenefitExpense`	$79.39K	USD	Annual
Ending Balance	`StockholdersEquity`	$4.38M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$2.34M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$5.38M	USD	Point-in-time

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