Australian Formulated Corp
CIK:0001697021|SEC Filings
Condensed Consolidated Statements of Income (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Oct. 31, 2017 |
Oct. 31, 2016 |
Oct. 31, 2017 |
Oct. 31, 2016 |
|
| Income Statement [Abstract] | ||||
| REVENUE | $ 3,821 | $ 9,006 | ||
| COST OF REVENUE | (2,406) | (4,821) | ||
| GROSS PROFIT | 1,415 | 4,185 | ||
| SELLING AND DISTRIBUTION EXPENSES | (8,175) | (22,049) | ||
| GENERAL AND ADMINISTRATIVE EXPENSES | (45,474) | (104,553) | ||
| LOSS FROM OPERATIONS | (52,234) | (122,417) | ||
| INTEREST INCOME | 1 | 2 | ||
| LOSS BEFORE INCOME TAX | (52,233) | (122,415) | ||
| INCOME TAX PROVISION | ||||
| NET LOSS | $ (52,233) | $ (122,415) | ||
| Net loss per share- Basic and diluted | $ (0.00) | $ (0.00) | $ (0.00) | $ (0.00) |
| Weighted average number of common shares outstanding - Basic and diluted | 61,030,000 | 61,030,000 | ||
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) |
9 Months Ended | |
|---|---|---|
Oct. 31, 2017 |
Oct. 31, 2016 |
|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $ (122,415) | |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (632) | |
| Accrued liabilities, other payables and deposits received | 829 | |
| Amount due to related companies | 5,154 | |
| Inventories on hand | (63,328) | |
| Inventories on consignment | (10,478) | |
| Prepayment, deposits and other receivables | (213,857) | |
| Net cash used in operating activities | (404,727) | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from issuance of shares | 10 | |
| Proceeds from issuance of convertible notes | 352,945 | |
| Net cash provided from financing activities | 352,945 | 10 |
| Effect of exchange rate changes on cash and cash equivalent | ||
| Net (decrease)/increase in cash and cash equivalents | (51,782) | 10 |
| Cash and cash equivalents, beginning of period | 63,431 | |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | 11,649 | 10 |
| SUPPLEMENTAL CASH FLOWS INFORMATION | ||
| Income taxes paid | ||
| Interest paid | ||