10-Q Filing

WENYUAN GROUP CORP. CIK: 723533 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001213900-12-002391`
Period End Date	20120331
Filing Date	20120511
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	pymb-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 18 Cash Flow Statement 34 Stockholders Equity 30

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.89K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$112.44K	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.52K	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.59K	USD	Point-in-time
Accounts receivable	`AccountsReceivableGrossCurrent`	$45.17K	USD	Point-in-time
Accounts receivable	`AccountsReceivableGrossCurrent`	$1.99K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Prepaid Insurance	`PrepaidInsurance`	$8.76K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	130.51M	shares	Point-in-time
Prepaid Insurance	`PrepaidInsurance`	$3.50K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	129.11M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$117.93K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	129.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	130.51M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$88.45K	USD	Point-in-time
Deposits (Note 2)	`DepositsAssetsNoncurrent`	$525.75K	USD	Point-in-time
Deposits (Note 2)	`DepositsAssetsNoncurrent`	$25.75K	USD	Point-in-time
Total Assets	`Assets`	$643.68K	USD	Point-in-time
Total Assets	`Assets`	$114.20K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$406.44K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$438.77K	USD	Point-in-time
Short term loan payable (Note 3)	`ShortTermBankLoansAndNotesPayable`	-	USD	Point-in-time
Short term loan payable (Note 3)	`ShortTermBankLoansAndNotesPayable`	$250.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$656.44K	USD	Point-in-time
Total liabilities	`Liabilities`	$438.77K	USD	Point-in-time
Preferred stock, $0.0001, authorized 50,000,000 shares, 0 issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001, authorized 50,000,000 shares, 0 issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock $0.0001, authorized 500,000,000 shares; 130,514,138 (2011 129,114,138) issued and outstanding	`CommonStockValue`	$13.05K	USD	Point-in-time
Common stock $0.0001, authorized 500,000,000 shares; 130,514,138 (2011 129,114,138) issued and outstanding	`CommonStockValue`	$12.91K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.27M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$574.15K	USD	Point-in-time
Deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$1.30M	USD	Point-in-time
Deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$911.63K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.46K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-324.57K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-12.76K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$127.46K	USD	Point-in-time
Total Liabilities and Stockholders Deficiency	`LiabilitiesAndStockholdersEquity`	$114.20K	USD	Point-in-time
Total Liabilities and Stockholders Deficiency	`LiabilitiesAndStockholdersEquity`	$643.68K	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Card manufacturing	`SalesRevenueGoodsNet`	-	USD	1 Quarter
Card manufacturing	`SalesRevenueGoodsNet`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$127.03K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$17.61K	USD	1 Quarter
Processing fees	`OtherCostAndExpenseOperating`	-	USD	1 Quarter
Processing fees	`OtherCostAndExpenseOperating`	$68.83K	USD	1 Quarter
Consulting	`OtherGeneralAndAdministrativeExpense`	$192.33K	USD	1 Quarter
Consulting	`OtherGeneralAndAdministrativeExpense`	-	USD	1 Quarter
Total expenses	`OperatingExpenses`	$388.19K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$17.61K	USD	1 Quarter
Net loss	`ProfitLoss`	$-139.51K	USD	7 Qtrs
Net loss	`ProfitLoss`	$-772.12K	USD	Annual
Net loss	`ProfitLoss`	$-388.19K	USD	1 Quarter
Net loss	`ProfitLoss`	$-17.61K	USD	1 Quarter
Basic net loss per weighted average share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic net loss per weighted average share	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted average number of shares	`WeightedAverageNumberOfSharesOutstandingBasic`	94.96M	shares	1 Quarter
Weighted average number of shares	`WeightedAverageNumberOfSharesOutstandingBasic`	129.58M	shares	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-139.51K	USD	7 Qtrs
Net loss	`ProfitLoss`	$-772.12K	USD	Annual
Net loss	`ProfitLoss`	$-388.19K	USD	1 Quarter
Net loss	`ProfitLoss`	$-17.61K	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-5.26K	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-43.18K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$64.55K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.09K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-372.08K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-29.70K	USD	1 Quarter
Deposit held in trust for acquisition	`PaymentsToAcquireBusinessesGross`	-	USD	1 Quarter
Deposit held in trust for acquisition	`PaymentsToAcquireBusinessesGross`	$500.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-500.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Draw on line of credit	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Draw on line of credit	`ProceedsFromLinesOfCredit`	$40.00K	USD	1 Quarter
Short term loan	`ProceedsFromShortTermDebt`	-	USD	1 Quarter
Short term loan	`ProceedsFromShortTermDebt`	$250.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$700.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$950.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.00K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.30K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$77.92K	USD	1 Quarter
CASH, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.89K	USD	Point-in-time
CASH, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$112.44K	USD	Point-in-time
CASH, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$34.52K	USD	Point-in-time
CASH, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.59K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.89K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$112.44K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$34.52K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.59K	USD	Point-in-time

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.46K	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-324.57K	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-12.76K	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$127.46K	USD	Point-in-time
Beginning Balance (Shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Beginning Balance (Shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Beginning Balance (Shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Beginning Balance (Shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Sale of shares	`StockIssuedDuringPeriodValueNewIssues`	$9.60K	USD	7 Qtrs
Sale of shares (Shares)	`StockIssuedDuringPeriodSharesNewIssues`	0.00	shares	7 Qtrs
Sale of shares July 21, 2011	`SaleOfSharesJuly212011Value`	$250.00K	USD	Annual
Sale of shares July 21, 2011 (Shares)	`SaleOfSharesJuly212011Shares`	0.00	shares	Annual
Sale of shares Sept. 30, 2011	`SaleOfSharesSept302011Value`	$200.00K	USD	Annual
Sale of shares Sept. 30, 2011 (Shares)	`SaleOfSharesSept302011Shares`	0.00	shares	Annual
Sale of shares Feb.14, 2012	`SaleOfSharesFeb142012Value`	$200.00K	USD	1 Quarter
Sale of shares Feb.14, 2012 (Shares)	`SaleOfSharesFeb142012Shares`	0.00	shares	1 Quarter
Sale of shares March 3, 2012	`SaleOfSharesMarch32012Value`	$500.00K	USD	1 Quarter
Sale of shares March 3, 2012 (Shares)	`SaleOfSharesMarch32012Shares`	0.00	shares	1 Quarter
Net loss	`ProfitLoss`	$-139.51K	USD	7 Qtrs
Net loss	`ProfitLoss`	$-772.12K	USD	Annual
Net loss	`ProfitLoss`	$-388.19K	USD	1 Quarter
Net loss	`ProfitLoss`	$-17.61K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.46K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-324.57K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-12.76K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$127.46K	USD	Point-in-time
Balance (Shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Balance (Shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Balance (Shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Balance (Shares)	`SharesOutstanding`	0.00	shares	Point-in-time

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