10-QT Filing
Filing Information
| Form Type | 10-QT |
| Accession Number | 0001493152-18-003950 |
| Period End Date | 20171231 |
| Filing Date | 20180327 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | fvti-20171231.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
3.00B | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
7.75M | shares | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$5.89K | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
7.75M | shares | Point-in-time |
| Total current assets |
AssetsCurrent
|
$5.89K | USD | Point-in-time |
| Total Assets |
Assets
|
$5.89K | USD | Point-in-time |
| Accounts and taxes payable |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$23.28K | USD | Point-in-time |
| Due to related parties |
DueToRelatedPartiesCurrent
|
$140.74K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$164.01K | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$164.01K | USD | Point-in-time |
| Common stock (3,000,000,000 shares authorized, 7,750,000 issued and outstanding at December 31, 2017) |
CommonStockValue
|
$7.75K | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapitalCommonStock
|
$82.86K | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-248.73K | USD | Point-in-time |
| Total Stockholders Equity |
StockholdersEquity
|
$-108.63K | USD | Point-in-time |
| Total Stockholders Equity |
StockholdersEquity
|
$-158.12K | USD | Point-in-time |
| Total Liabilities and Stockholders Equity |
LiabilitiesAndStockholdersEquity
|
$5.89K | USD | Point-in-time |
Income Statement
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net revenues (related party revenue $0) |
Revenues
|
- | USD | 1 Quarter |
| Cost of revenues |
CostOfRevenue
|
- | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
- | USD | 1 Quarter |
| Selling and marketing expenses |
SellingAndMarketingExpense
|
- | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$49.49K | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-49.49K | USD | 1 Quarter |
| Interest income |
InterestIncomeOther
|
- | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
- | USD | 1 Quarter |
| Other income (expense) |
NonoperatingIncomeExpense
|
- | USD | 1 Quarter |
| Earnings before tax |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-49.49K | USD | 1 Quarter |
| Income tax |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-49.49K | USD | 1 Quarter |
| Foreign currency translation gain |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
- | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-49.49K | USD | 1 Quarter |
| Basic and diluted earnings per share |
EarningsPerShareBasicAndDiluted
|
$-0.01 | USD | 1 Quarter |
| Basic and diluted weighted average shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
7.75M | shares | 1 Quarter |
Cash Flow Statement
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$-49.49K | USD | 1 Quarter |
| Increase in prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$62.00 | USD | 1 Quarter |
| Increase in accounts and other payables |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$4.37K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-45.18K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
- | USD | 1 Quarter |
| Borrowing and payments to related parties, net |
ProceedsFromRepaymentsOfRelatedPartyDebt
|
$45.18K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$45.18K | USD | 1 Quarter |
| Net increase/(decrease) of cash and cash equivalents |
CashPeriodIncreaseDecrease
|
- | USD | 1 Quarter |
| Effect of foreign currency translation on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
- | USD | 1 Quarter |
| Cash and cash equivalentsbeginning of period |
Cash
|
- | USD | Point-in-time |
| Cash and cash equivalentsend of period |
Cash
|
- | USD | Point-in-time |
| Interest received |
InterestReceived
|
- | USD | 1 Quarter |
| Interest paid |
InterestPaidNet
|
- | USD | 1 Quarter |
| Income taxes paid |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
Stockholders Equity
5 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$-108.63K | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$-158.12K | USD | Point-in-time |
| Net loss |
NetIncomeLoss
|
$-49.49K | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$-108.63K | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$-158.12K | USD | Point-in-time |
Comprehensive Income
1 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Related party revenue |
RevenueFromRelatedParties
|
- | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.