10-K Filing

FORTUNE VALLEY TREASURES, INC. CIK: 1626745 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001493152-17-013760`
Period End Date	20170831
Filing Date	20171124
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	fvti-20170831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 36 Income Statement 12 Cash Flow Statement 35 Stockholders Equity 16

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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`Cash`	-	USD	Point-in-time
Cash and cash equivalents	`Cash`	-	USD	Point-in-time
Cash and cash equivalents	`Cash`	$42.49K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.75M	shares	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$8.83K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.75M	shares	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$5.83K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.83K	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`	$8.83K	USD	Point-in-time
Total Assets	`Assets`	$8.83K	USD	Point-in-time
Total Assets	`Assets`	$5.83K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$20.15K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$18.91K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$3.00K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$95.56K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$114.46K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$23.15K	USD	Point-in-time
Total Liabilities	`Liabilities`	$114.46K	USD	Point-in-time
Total Liabilities	`Liabilities`	$23.15K	USD	Point-in-time
Common stock: 7,750,000 authorized, issued and outstanding as of August 31, 2017 and 2016; par value $0.001	`CommonStockValue`	$7.75K	USD	Point-in-time
Common stock: 7,750,000 authorized, issued and outstanding as of August 31, 2017 and 2016; par value $0.001	`CommonStockValue`	$7.75K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$82.86K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$71.23K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-199.24K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-93.30K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-14.32K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-108.63K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$31.67K	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$5.83K	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$8.83K	USD	Point-in-time

Income Statement 12 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$47.47K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$105.94K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$47.47K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$105.94K	USD	Annual
Net Loss	`NetIncomeLoss`	$-105.94K	USD	Annual
Net Loss	`NetIncomeLoss`	$-47.47K	USD	Annual
Net Loss Per Common Share Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Net Loss Per Common Share Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.75M	shares	Annual
Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.75M	shares	Annual

Cash Flow Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-105.94K	USD	Annual
Net loss	`NetIncomeLoss`	$-47.47K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$5.83K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.24K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.15K	USD	Annual
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	Annual
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-82.00	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$-262.00	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$-104.19K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-42.49K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$13.00K	USD	Point-in-time
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.00K	USD	Point-in-time
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$14.50K	USD	Point-in-time
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net Decrease in Cash	`CashPeriodIncreaseDecrease`	-	USD	Annual
Net Decrease in Cash	`CashPeriodIncreaseDecrease`	$-42.49K	USD	Annual
Cash and Cash Equivalents at Beginning of Year	`Cash`	-	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`Cash`	-	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`Cash`	$42.49K	USD	Point-in-time
Cash and Cash Equivalents at End of Year	`Cash`	-	USD	Point-in-time
Cash and Cash Equivalents at End of Year	`Cash`	-	USD	Point-in-time
Cash and Cash Equivalents at End of Year	`Cash`	$42.49K	USD	Point-in-time
Prepayment made by related party	`PrepaymentMadeByRelatedParty`	-	USD	Annual
Prepayment made by related party	`PrepaymentMadeByRelatedParty`	$3.00K	USD	Annual
Forgiveness of debt by related party	`ForgivenessOfDebtByRelatedParty`	$11.63K	USD	Annual
Forgiveness of debt by related party	`ForgivenessOfDebtByRelatedParty`	$1.48K	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-14.32K	USD	Point-in-time
Balance	`StockholdersEquity`	$-108.63K	USD	Point-in-time
Balance	`StockholdersEquity`	$31.67K	USD	Point-in-time
Balance, shares	`SharesOutstanding`	-	shares	Point-in-time
Balance, shares	`SharesOutstanding`	-	shares	Point-in-time
Balance, shares	`SharesOutstanding`	-	shares	Point-in-time
Forgiveness of debt by related party	`ForgivenessOfDebtByRelatedParty`	$11.63K	USD	Annual
Forgiveness of debt by related party	`ForgivenessOfDebtByRelatedParty`	$1.48K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-105.94K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-47.47K	USD	Annual
Balance	`StockholdersEquity`	$-14.32K	USD	Point-in-time
Balance	`StockholdersEquity`	$-108.63K	USD	Point-in-time
Balance	`StockholdersEquity`	$31.67K	USD	Point-in-time
Balance, shares	`SharesOutstanding`	-	shares	Point-in-time
Balance, shares	`SharesOutstanding`	-	shares	Point-in-time
Balance, shares	`SharesOutstanding`	-	shares	Point-in-time

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