10-Q Filing

CHINA TIANFEIHONG WINE INC CIK: 1501225 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0000721748-15-000301`
Period End Date	20150228
Filing Date	20150420
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	tfhw-20150228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 80 Cash Flow Statement 46 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	`CashAndCashEquivalentsAtCarryingValue`	$6.80M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	34.40M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	34.40M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.23M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	14.38M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.88M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	34.40M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	34.40M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$431.94K	USD	Point-in-time
Inventory, net	`InventoryNet`	$375.75K	USD	Point-in-time
Inventory, net	`InventoryNet`	$1.73M	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`	$21.07K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$40.62K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.43M	USD	Point-in-time
Fixed assets, net	`NoncurrentAssets`	$33.98K	USD	Point-in-time
Fixed assets, net	`NoncurrentAssets`	$48.11K	USD	Point-in-time
Total Assets	`Assets`	$11.47M	USD	Point-in-time
Total Assets	`Assets`	$6.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$682.03K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.07M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$284.98K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$19.46K	USD	Point-in-time
Loans from stockholder	`AccountsPayableRelatedPartiesCurrent`	$24.34K	USD	Point-in-time
Loans from stockholder	`AccountsPayableRelatedPartiesCurrent`	$70.50K	USD	Point-in-time
Accrued liabilities and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$83.26K	USD	Point-in-time
Accrued liabilities and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$72.98K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$798.82K	USD	Point-in-time
Common stock, $0.0006 par value per share, 80,000,000 shares authorized; 34,396,680 shares issued and outstanding as of February 28, 2015 and August 31, 2014	`CommonStockValue`	$20.64K	USD	Point-in-time
Common stock, $0.0006 par value per share, 80,000,000 shares authorized; 34,396,680 shares issued and outstanding as of February 28, 2015 and August 31, 2014	`CommonStockValue`	$20.64K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$726.55K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$726.55K	USD	Point-in-time
Statutory reserve fund	`ValuationAllowancesAndReservesBalance`	$420.41K	USD	Point-in-time
Statutory reserve fund	`ValuationAllowancesAndReservesBalance`	$420.41K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.87M	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossBeforeTax1`	$175.79K	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossBeforeTax1`	$203.70K	USD	Point-in-time
Stockholders equity before noncontrolling interests	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.74M	USD	Point-in-time
Stockholders equity before noncontrolling interests	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.24M	USD	Point-in-time
Noncontrolling interests	`NonredeemableNoncontrollingInterest`	$219.84K	USD	Point-in-time
Noncontrolling interests	`NonredeemableNoncontrollingInterest`	$140.61K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.96M	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`	$11.47M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$4.81M	USD	2 Qtrs
Revenue	`Revenues`	$10.78M	USD	2 Qtrs
Revenue	`Revenues`	$2.88M	USD	1 Quarter
Revenue	`Revenues`	$7.64M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.89M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$3.20M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$7.18M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$5.09M	USD	1 Quarter
Gross profit	`GrossProfit`	$993.05K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.61M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.55M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.59M	USD	2 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$509.61K	USD	2 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$872.09K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$312.08K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$1.26M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$201.44K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$154.16K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$121.67K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$194.60K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$711.05K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.45M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$993.76K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$466.24K	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperations`	$526.81K	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperations`	$2.14M	USD	2 Qtrs
Income from operations	`IncomeLossFromContinuingOperations`	$903.12K	USD	2 Qtrs
Income from operations	`IncomeLossFromContinuingOperations`	$1.56M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$4.13K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$7.63K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$10.69K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$5.58K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$910.75K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$530.94K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.56M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$2.15M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$390.40K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$128.98K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$536.96K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$223.60K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.61M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$687.15K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$401.96K	USD	1 Quarter
Noncontrolling interests	`IncomeLossAttributableToNoncontrollingInterest`	$-34.36K	USD	2 Qtrs
Noncontrolling interests	`IncomeLossAttributableToNoncontrollingInterest`	$-58.38K	USD	1 Quarter
Noncontrolling interests	`IncomeLossAttributableToNoncontrollingInterest`	$-80.19K	USD	2 Qtrs
Noncontrolling interests	`IncomeLossAttributableToNoncontrollingInterest`	$-24.99K	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAttributableToNoncontrollingInterest`	$376.98K	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.11M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.53M	USD	2 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAttributableToNoncontrollingInterest`	$652.79K	USD	2 Qtrs
Earnings per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Earnings per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Earnings per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Earnings per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	32.80M	shares	2 Qtrs
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	33.60M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.40M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.40M	shares	2 Qtrs
Net Income	`ComprehensiveIncomeNetOfTax`	$401.96K	USD	1 Quarter
Net Income	`ComprehensiveIncomeNetOfTax`	$1.61M	USD	2 Qtrs
Net Income	`ComprehensiveIncomeNetOfTax`	$1.17M	USD	1 Quarter
Net Income	`ComprehensiveIncomeNetOfTax`	$687.15K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-28.87K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$76.49K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-37.78K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$109.25K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$478.45K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.58M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$796.39K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.13M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-40.57K	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-40.59K	USD	2 Qtrs
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-79.23K	USD	2 Qtrs
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-56.74K	USD	1 Quarter
Net comprehensive income attributable to common stockholders	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$437.88K	USD	1 Quarter
Net comprehensive income attributable to common stockholders	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$1.08M	USD	1 Quarter
Net comprehensive income attributable to common stockholders	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$755.80K	USD	2 Qtrs
Net comprehensive income attributable to common stockholders	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$1.50M	USD	2 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.61M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$687.15K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$401.96K	USD	1 Quarter
Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease`	$23.76K	USD	2 Qtrs
Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease`	$33.26K	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.45M	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-301.68K	USD	2 Qtrs
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-1.36M	USD	2 Qtrs
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-47.41K	USD	2 Qtrs
Decrease (Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$69.90K	USD	2 Qtrs
Decrease (Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-15.79K	USD	2 Qtrs
Decrease in advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	-	USD	2 Qtrs
Decrease in advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$45.67K	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.39M	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$790.58K	USD	2 Qtrs
Increase in taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$41.41K	USD	2 Qtrs
Increase in taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$265.51K	USD	2 Qtrs
Increase in accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$24.32K	USD	2 Qtrs
Increase in accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$10.28K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.56M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.26M	USD	2 Qtrs
Purchase of equipment	`PaymentsForProceedsFromProductiveAssets`	$-852.00	USD	2 Qtrs
Purchase of equipment	`PaymentsForProceedsFromProductiveAssets`	$-9.69K	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.69K	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-852.00	USD	2 Qtrs
Proceeds from stockholder loans	`ProceedsFromRelatedPartyDebt`	$26.88K	USD	2 Qtrs
Proceeds from stockholder loans	`ProceedsFromRelatedPartyDebt`	$46.31K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.31K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$26.88K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCash`	$-28.95K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCash`	$24.39K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.57M	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.31M	USD	2 Qtrs
Cash, beginning	`Cash`	$5.30M	USD	Point-in-time
Cash, beginning	`Cash`	$6.80M	USD	Point-in-time
Cash, beginning	`Cash`	$5.23M	USD	Point-in-time
Cash, beginning	`Cash`	$3.99M	USD	Point-in-time
Cash, end	`Cash`	$5.30M	USD	Point-in-time
Cash, end	`Cash`	$6.80M	USD	Point-in-time
Cash, end	`Cash`	$5.23M	USD	Point-in-time
Cash, end	`Cash`	$3.99M	USD	Point-in-time
Interest	`InterestPaid`	-	USD	2 Qtrs
Interest	`InterestPaid`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$300.53K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$187.21K	USD	2 Qtrs

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$6.96M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.38M	USD	Point-in-time
Net Income	`NetIncomeLoss`	$1.61M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$1.17M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$687.15K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$401.96K	USD	1 Quarter
Foreign currency translation adjustment	`TranslationAdjustmentFunctionalToReportingCurrencyTaxBenefitExpense`	$-28.87K	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$6.96M	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.