10-Q Filing

FORTUNE VALLEY TREASURES, INC. CIK: 1626745 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001078782-16-003110`
Period End Date	20160531
Filing Date	20160715
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	cryp-20160531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 30 Income Statement 20 Cash Flow Statement 26

Balance Sheet 30 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`	75.00M	shares	Point-in-time
Cash	`Cash`	$2.28K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Cash	`Cash`	$42.49K	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
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	-	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$8.33K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	7.75M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$10.61K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	7.75M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$42.49K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$10.58K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$20.58K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.74K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrentAndNoncurrent`	$241.00	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$10.82K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$22.32K	USD	Point-in-time
Common stock Authorized: 75,000,000 shares, par value $0.001 7,750,000 and 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 and 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`	$-89.21K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-45.83K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$31.67K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-11.71K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$10.61K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$42.49K	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$14.21K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$43.38K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$14.65K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$35.71K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$43.38K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$14.65K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$14.21K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$35.71K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-14.21K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-14.65K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-35.71K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-43.38K	USD	3 Qtrs
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 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	3 Qtrs
Weighted Average Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.75M	shares	1 Quarter
Weighted Average Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.00M	shares	3 Qtrs

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-43.38K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-35.71K	USD	3 Qtrs
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-8.33K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.50K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.21K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-41.71K	USD	3 Qtrs
Due to related parties	`ProceedsFromRelatedPartyDebt`	$1.50K	USD	3 Qtrs
Due to related parties	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.50K	USD	3 Qtrs
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-40.21K	USD	3 Qtrs
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-31.21K	USD	3 Qtrs
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$50.00K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.28K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$18.79K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$42.49K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$50.00K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.28K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$18.79K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$42.49K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs

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