10-Q Filing

FORTUNE VALLEY TREASURES, INC. CIK: 1626745 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-002042`
Period End Date	20161130
Filing Date	20170302
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	cryt-20161130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 32 Income Statement 18 Cash Flow Statement 28

Balance Sheet 32 line items

Line Item	Tag	Value	Unit	Period
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.83K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.49K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.83K	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
Total Current Assets	`AssetsCurrent`	$5.49K	USD	Point-in-time
Total Assets	`Assets`	$8.83K	USD	Point-in-time
Total Assets	`Assets`	$5.49K	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
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.86K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$20.15K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$18.00K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$3.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$23.15K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$27.86K	USD	Point-in-time
Total Liabilities	`Liabilities`	$27.86K	USD	Point-in-time
Total Liabilities	`Liabilities`	$23.15K	USD	Point-in-time
Common stock authorized: 75,000,000 shares, par value $0.001, 7,750,000 common shares issued and outstanding as of November 30, 2016 and August 31, 2016	`CommonStockValue`	$7.75K	USD	Point-in-time
Common stock authorized: 75,000,000 shares, par value $0.001, 7,750,000 common shares issued and outstanding as of November 30, 2016 and August 31, 2016	`CommonStockValue`	$7.75K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$71.23K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$71.23K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-101.35K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-93.30K	USD	Point-in-time
Total Stockholders' Equity(Deficit)	`StockholdersEquity`	$-22.37K	USD	Point-in-time
Total Stockholders' Equity(Deficit)	`StockholdersEquity`	$-14.32K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$5.49K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$8.83K	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$18.55K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$25.12K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$25.12K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$18.55K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-25.12K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-18.55K	USD	1 Quarter
Gain on liabilities paid by former shareholder	`GainLossOnLiabilitiesPaidByFormerShareholder`	-	USD	1 Quarter
Gain on liabilities paid by former shareholder	`GainLossOnLiabilitiesPaidByFormerShareholder`	$10.50K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$10.50K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.12K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.05K	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	1 Quarter
Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.75M	shares	1 Quarter
Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.75M	shares	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-25.12K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.05K	USD	1 Quarter
Gain on liabilities paid by former shareholder	`GainLossOnLiabilitiesPaidByFormerShareholder`	-	USD	1 Quarter
Gain on liabilities paid by former shareholder	`GainLossOnLiabilitiesPaidByFormerShareholder`	$10.50K	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-3.34K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$214.00	USD	1 Quarter
Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-25.12K	USD	1 Quarter
Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.00K	USD	1 Quarter
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	$15.00K	USD	1 Quarter
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	-	USD	1 Quarter
Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$15.00K	USD	1 Quarter
Net Decrease in Cash	`CashPeriodIncreaseDecrease`	$-25.12K	USD	1 Quarter
Net Decrease in Cash	`CashPeriodIncreaseDecrease`	-	USD	1 Quarter
Cash and Cash Equivalents at Beginning of period	`Cash`	-	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`	$17.37K	USD	Point-in-time
Cash and Cash Equivalents at Beginning 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`	-	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`Cash`	$17.37K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`Cash`	$42.49K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter

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