v2.4.1.9

Balance Sheets (Unaudited) (USD $)	Nov. 30, 2014	Aug. 31, 2014
Current assets:
Cash	$ 5,865,101	$ 5,229,261
Accounts receivable	1,556,605us-gaap_AccountsReceivableNetCurrent	431,940us-gaap_AccountsReceivableNetCurrent
Inventory, net	972,599us-gaap_InventoryNet	375,750us-gaap_InventoryNet
Prepaid income taxes		50,348us-gaap_PrepaidTaxes
Prepaid expenses	28,508us-gaap_PrepaidExpenseCurrent	40,625us-gaap_PrepaidExpenseCurrent
Total current assets	8,422,813us-gaap_AssetsCurrent	6,127,924us-gaap_AssetsCurrent
Fixed assets, net	36,312us-gaap_NoncurrentAssets	48,113us-gaap_NoncurrentAssets
Total Assets	8,459,125us-gaap_Assets	6,176,037us-gaap_Assets
Current liabilities:
Accounts payable	2,408,543us-gaap_AccountsPayableCurrent	682,030us-gaap_AccountsPayableCurrent
Taxes payable	97,798us-gaap_TaxesPayableCurrent	19,465us-gaap_TaxesPayableCurrent
Loans from stockholder	62,152	24,339
Accrued liabilities and other payables	64,851	72,981
Total current liabilities	2,633,344us-gaap_LiabilitiesCurrent	798,815us-gaap_LiabilitiesCurrent
Stockholders equity:
Common stock, $0.0006 par value per share, 80,000,000 shares authorized; 34,396,680 shares issued and outstanding as of November 30, 2014 and August 31, 2014	20,638us-gaap_CommonStockValue	20,638us-gaap_CommonStockValue
Additional paid-in capital	726,548us-gaap_AdditionalPaidInCapital	726,548us-gaap_AdditionalPaidInCapital
Statutory reserve fund	462,194	420,406
Retained earnings	4,241,376	3,865,318
Other comprehensive income	211,920	203,702
Stockholder equity before noncontrolling interests	5,662,676	5,236,612
Noncontrolling interests	163,105	140,610
Total stockholders equity	5,825,781us-gaap_StockholdersEquity	5,377,222us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	$ 8,459,125	$ 6,176,037

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Amount for accounts payable to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.

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Amount of obligations incurred and payable, pertaining to costs that are statutory in nature, incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include, but not limited to, taxes, interest, rent and utilities. Also includes the aggregate carrying amount of liabilities not separately disclosed.

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Amount before tax of increase (decrease) in accumulated in equity from transactions and other events and circumstances from non-owner sources. Excludes net income (loss), and accumulated changes in equity from transactions resulting from investments by owners (distributions to owners).

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Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.

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Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

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Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.

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Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.

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Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.

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Long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets.

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Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

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China Tianfeihong Wine Inc 10-Q