10-Q Filing

FORTUNE VALLEY TREASURES, INC. CIK: 1626745 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001078782-16-002645`
Period End Date	20160229
Filing Date	20160414
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	cryp-20160229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 28 Income Statement 20 Cash Flow Statement 20

Balance Sheet 28 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
Cash	`Cash`	$42.49K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Cash	`Cash`	$14.83K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$42.49K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$14.83K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	7.75M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	7.75M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	7.75M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	7.75M	shares	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$10.58K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$12.08K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$241.00	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$241.00	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$10.82K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$12.32K	USD	Point-in-time
Common stock Authorized: 75,000,000 shares, par value $0.001 7,750,000 shares issued and outstanding; respectively	`CommonStockValue`	$7.75K	USD	Point-in-time
Common stock Authorized: 75,000,000 shares, par value $0.001 7,750,000 shares issued and outstanding; respectively	`CommonStockValue`	$7.75K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$69.75K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$69.75K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-45.83K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-75.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$31.67K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.50K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$42.49K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$14.83K	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$29.17K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$21.05K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.04K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.89K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$29.17K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$4.04K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$10.89K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$21.05K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-29.17K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-21.05K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-4.04K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-10.89K	USD	1 Quarter
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted Average Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.00M	shares	2 Qtrs
Weighted Average Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.00M	shares	1 Quarter
Weighted Average Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.75M	shares	1 Quarter
Weighted Average Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.75M	shares	2 Qtrs

Cash Flow Statement 20 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-29.17K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-21.05K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.00K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.50K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-27.67K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.05K	USD	2 Qtrs
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-27.67K	USD	2 Qtrs
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-18.05K	USD	2 Qtrs
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$42.49K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$14.83K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$50.00K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$31.95K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$42.49K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$14.83K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$50.00K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$31.95K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs

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