10-K Filing

FORTUNE VALLEY TREASURES, INC. CIK: 1626745 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001493152-16-015846`
Period End Date	20160831
Filing Date	20161213
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	cryt-20160831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 36 Income Statement 16 Cash Flow Statement 31 Stockholders Equity 12

Balance Sheet 36 line items

Line Item	Tag	Value	Unit	Period
Common stock, shares authorized	`CommonStockSharesAuthorized`	7.75M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	7.75M	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
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$50.00K	USD	Point-in-time
Prepaid Expense	`PrepaidExpenseCurrent`	$11.33K	USD	Point-in-time
Prepaid Expense	`PrepaidExpenseCurrent`	-	USD	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
Total Current Assets	`AssetsCurrent`	$42.49K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$11.33K	USD	Point-in-time
Total Assets	`Assets`	$11.33K	USD	Point-in-time
Total Assets	`Assets`	$42.49K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$10.58K	USD	Point-in-time
Due to related party-Gorden Hum	`DueToOfficersOrStockholdersCurrent`	-	USD	Point-in-time
Due to related party-Gorden Hum	`DueToOfficersOrStockholdersCurrent`	-	USD	Point-in-time
Due to related party-Xinlong Shen	`DueToRelatedPartiesCurrent`	$3.00K	USD	Point-in-time
Due to related party-Xinlong Shen	`DueToRelatedPartiesCurrent`	$241.00	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$10.82K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.82K	USD	Point-in-time
Common stock Authorized: 7,750,000 common shares issued and outstanding as of August 31, 2016 and 2015	`CommonStockValue`	$7.75K	USD	Point-in-time
Common stock Authorized: 7,750,000 common shares issued and outstanding as of August 31, 2016 and 2015	`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`	$-69.17K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$49.76K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$8.33K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$31.67K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$11.33K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$42.49K	USD	Point-in-time

Income Statement 16 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$45.59K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$44.47K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$44.47K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$45.59K	USD	Annual
Gain from waive of liabilities	`GainFromWaiveOfLiabilities`	-	USD	Annual
Gain from waive of liabilities	`GainFromWaiveOfLiabilities`	$21.13K	USD	Annual
Total Other Income	`OtherOperatingIncome`	$21.13K	USD	Annual
Total Other Income	`OtherOperatingIncome`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-45.59K	USD	Annual
Net Loss	`NetIncomeLoss`	$-23.34K	USD	Annual
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Weighted Average Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.18M	shares	Annual
Weighted Average Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.75M	shares	Annual

Cash Flow Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-45.59K	USD	Annual
Net loss	`NetIncomeLoss`	$-23.34K	USD	Annual
Gain from waive of liabilities	`GainFromWaiveOfLiabilities`	-	USD	Annual
Gain from waive of liabilities	`GainFromWaiveOfLiabilities`	$21.13K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$8.33K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.58K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-582.00	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$10.58K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-35.01K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-42.49K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$13.00K	USD	Point-in-time
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$14.50K	USD	Point-in-time
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$27.50K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.00K	USD	Point-in-time
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$27.50K	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net Decrease in cash	`CashPeriodIncreaseDecrease`	$-7.51K	USD	Annual
Net Decrease in cash	`CashPeriodIncreaseDecrease`	$-42.49K	USD	Annual
Cash and Cash Equivalents at Beginning of Period	`Cash`	$42.49K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`Cash`	-	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`Cash`	$50.00K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`Cash`	$42.49K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`Cash`	-	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`Cash`	$50.00K	USD	Point-in-time
Due to related party-Xinlong Shen	`NoncashOrPartNoncashDueToOfficers`	$3.00K	USD	Annual
Due to related party-Gordon Hum	`NoncashOrPartNoncashDueToRelatedParties`	$1.50K	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$49.76K	USD	Point-in-time
Balance	`StockholdersEquity`	$8.33K	USD	Point-in-time
Balance	`StockholdersEquity`	$31.67K	USD	Point-in-time
Common stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$27.50K	USD	Annual
Common stock issued for cash, shares	`StockIssuedDuringPeriodSharesNewIssues`	1.30M	shares	Point-in-time
Common stock issued for cash, shares	`StockIssuedDuringPeriodSharesNewIssues`	5.00M	shares	Point-in-time
Common stock issued for cash, shares	`StockIssuedDuringPeriodSharesNewIssues`	1.45M	shares	Point-in-time
Net loss for the year	`NetIncomeLoss`	$-45.59K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-23.34K	USD	Annual
Balance	`StockholdersEquity`	$49.76K	USD	Point-in-time
Balance	`StockholdersEquity`	$8.33K	USD	Point-in-time
Balance	`StockholdersEquity`	$31.67K	USD	Point-in-time

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