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EX-32 - China Bull Management Ince32.htm
EX-31 - China Bull Management Ince31.htm




Washington, DC 20549




[X] Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


             For the period ended: March 31, 2014


[ ] Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from         to


Commission File Number:  333-172251


 China Bull Management Inc.


(Exact name of Small Business Issuer as specified in its charter)


Nevada                    7389                    27-4344306

(State of Incorporation)     (Primary Standard       (IRS Employer ID No.)

Classification Code)


Issuer's telephone number, including area code:       203-562-8899


Indicated by check whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes  [ ]   No  [x]


Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).     Yes [ ]  No [x]


Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer"," accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):


Large accelerated filer [ ]      Accelerated filer [ ]        

Accelerated filer [ ](Do not     Small reporting company [x]

check if smaller reporting company)

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Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  [X]   No  [  ]


State the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: 1,108,596 shares of common stock with par value of $0.0001 per share outstanding as of October 3, 2016.






                             TABLE OF CONTENTS

                 FOR QUARTER ENDED March 31, 2014


            Part I – FINANCIAL INFORMATION  
Item 1. Financial Statements      Page
   Balance Sheets       ---- ------------- -------------  3
   Statement of Operation -- ------------- -------------  4
   Statement of Cash Flows-- ------------- -------------  5
   Notes to Consolidated Financial Statement ------------- -------------  6
Item 2. Management's Discussion And Analysis of Financial Condition and Results of Operation   ------------- -------------  10
Item 3. Quantitative And Qualitative Disclosure About Market Risk ------------- -------------  11
Item 4. Controls and Procedures   ------------- -------------  11
Item 6. Exhibits ----------- ------------- -------------  12
















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Item 1. Financial Statements



Balance Sheet of China Bull Management Inc.

As of March 31, 2014 and December 31, 2013


Balance Sheets (USD $)   Mar. 31, 2014 (Unaudited)    Dec. 31, 2013 (unaudited) 
Statement of Financial Position [Abstract]          
Cash  $73,358   $75,077 
Accounts receivable       $—   
Total Current Asset  $73,358   $75,077 
Fixed Assets  $3,126   $4,231 
Total Assets  $76,484   $79,308 
Liabilities and Shareholders' equity          
Current Liabilities:          
Deposits from Customer          
Due to officer  $106   $1,606 
Taxes parable          
Total Liabilities  $106   $1,606 
Commitment and Contingency          
Shareholders' Equity          
Common shares w/ par value $ 0.0001 & 1,138,596 o/s respectively & Paid-in capital  $80,637   $80,637 
Profits (deficit) accumulated in development stage  $(4,260)  $(2,935)
Total Shareholders' Equity  $76,377   $77,702 
Total Liabilities and Shareholders' Equity  $76,483   $79,308 










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China Bull Management Inc (Unaudited) 

Statements of Income (Loss) For

Three Months Ended March 31, 2014 and 2013

& From December 17, 2010 (Inception) Through March 31, 2014


Statements of Operations (USD $)  3 Months Ended  39 Months Ended
   Mar. 31, 2014  Mar. 31, 2013  Mar. 31, 2014
Income Statement [Abstract]               
Revenue  $—     $1,800   $35,920 
Cost of Revenue  $—     $1,195   $3,090 
Gross Profits  $—     $605   $32,830 
Operating Expenses               
Selling Expenses               
General and administrative expenses  $277   $905   $37,718 
Research and Deveopment Costs               
Total Operating Expenses  $277   $905   $37,718 
Income (loss) from Operation  $(277)  $(300)  $(4,268)
Other income(expenses)               
 Interests income (expenses)  $43   $45   $663 
Income before income taxes  $(234)  $(255)  $(4,225)
Provision for income taxes       $—     $(35)
Net income       $(255)  $(4,260)
Net earning per share               
Basic and diluted  $—     $—     $—   
Weighted average shares outstanding:               
Basic and diluted   1,108,596    1,108,596    1,108,596 













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China Bull Management Inc.

 Statements of Cash Flows For

Three Months Ended March 31, 2014 & 2013 and

From December 17, 2010 (Inception) Through March 31, 2014 (Unaudited)


Statements of Cash Flows (USD $)  3 Months Ended  39 Months Ended
   March 31,2014  March 31,2013  March 31,2014
Net (loss)  $(234)  $(255)  $(2,914)
Adjustment to reconcile (net loss) to net cash (used in) operations:               
Decrease of deposits from customers               
Increase of taxes payable               
Decrease (increase) of Accounts receivable               
Increase of Due to Officer            $1,040 
Increase of Depreciation, amortization,   &  other noncash items  $277   $277   $1,883 
Net cash provided by operating activities  $43        $(1,732)
Investing Activities               
Purchases of Computer System            $(5,548)
Common stock issued            $51,468 
Other paid-in capital            $29,169 
Increase (decrease) in cash               
Cash, beginning at the period  $73,314   $75,055   $—   
Cash, end at the period  $73,358   $75,077   $73,357 















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China Bull Management Inc.


March 31, 2014




China Bull Management Inc was incorporated in Nevada on December 17, 2010, under the laws of the State of Nevada, for the purpose of engaging in financial consulting services to the small or median sized private companies in China that want to look for business partners, or agencies, or financing resources, or to become public listing through IPO or reverse merger in the United States, or Canada.


The Company is in the development stage with minimal operations.




Basis of Accounting


The accompanying audited financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for annual financial information, and with the rules and regulations of SEC to Form 10-Q and Article 8 of Regulation S-X.


The Company has elected a December 31 year-end.


Development Stage Company


The Company is a development stage company as defined by section 915-10-20 of the FASB Accounting Standards Codification. The Company has recognized no revenue since inception, and is still devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. All losses accumulated since inception, have been considered as part of the Company’s development stage activities.



The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.


Cash Equivalents


The Company considers all highly liquid investments with maturity of three months or less when purchased to be cash equivalents.

Fair Value of Financial Instruments


The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:

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 Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.


 Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.


 Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data.


The Company does not have any assets or liabilities measured at fair value on a recurring or a non-recurring basis, consequently, the Company did not have any fair value adjustments for financial assets and liabilities measured at fair value at March 31, 2014, nor gains or losses are reported in the statement of operations that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date for the quarter ended March 31, 2014.


Revenue Recognition


The Company will apply paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition.  The Company will recognize revenue when it is realized or realizable and earned.  The Company will consider revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.  


Income Taxes


The Company will account for income taxes under Section 740-10-30 of the FASB Accounting Standards Codification.  Deferred income tax assets and liabilities are determined based upon differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statements of operations in the period that includes the enactment date.


The Company adopted section 740-10-25 of the FASB Accounting Standards Codification (“Section 740-10-25”). Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements.  Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.  The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures.  The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740-10-25.


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Net Loss Per Common Share


Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period.  Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period.  There were no potentially dilutive shares outstanding as of March 31, 2014.




The accompanying financial statements are presented on a going concern basis.


The Company had minimal operations during the period from December 17 (date of inception) to March 31, 2014 and generated little revenues of $35,920 including $0 in this quarter, and the Company's current asset of $76,484 is limited. This condition raises substantial doubt about the Company's ability to continue as a going concern.


Continuation of the Company as a going concern dependents upon obtaining additional working capital, and generating substantial revenue and profits. Management is doing the best to find solution.


Further, the operation of this company was haled since May of 2013. Detail is in the following Item 2 of Management discussion.




There are no warrants or options outstanding to acquire any additional shares of common stocks.




This company is subject to Nevada and US tax codes. The company has no tax payable for this quarter.




As of March 31, 2014, the Company has a net operating loss of $ 234 for this quarter.




The stockholders' equity section of the Company contains the following classes of capital stock as of March 31, 2014:


Common stock, $0.0001 par value: 75,000,000 shares authorized; 1,108,596 shares issued and outstanding.







Item 2. Management's Discussion And Analysis Of Financial Condition And Results Of Operation                      




This financial statement contains forward-looking statements. The forward-looking statements are based on our current goals, plans, expectations, assumptions, estimates and predictions regarding the Company.


When used in this financial statement, the words "plan", "believes," "continues," "expects," "anticipates," "estimates," "intends", "should," "would," "could," or "may," and similar expressions are intended to identify forward looking statements.


In evaluating such statements, prospective investors should carefully review various risks and uncertainties identified in this report and in our other SEC filings. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or growths to be materially different from any future results, events or growths expressed or implied in this financial statement.


We do not undertake any obligation to update any forward-looking statements contained in this financial statement to reflect new events or circumstances, unless and to the extent required by applicable law



Special Business interruption

Due to third party wanting to change control, the operation of the business was interrupted since May of 2013 and fully damaged for over 3 years and beyond. On June 19, 2013, the FINRA announced to delete the trading at the quotation of the OTCBB, of the common stock of this company. Currently, the shares only can be traded in the pinksheet. Although Andrew Chien wanted to recover the assets by legal action, but he will concentrate most energy on the looking for new business opportunity under the new environment such as China has significant capital outflow etc.




The Company incorporated on December 17, 2010 in Nevada, and is in the development stage and only generated little of revenue, and we have only one director: Mr. Chien, who isn’t a registered invest adviser.


However, we believe that our business has the possible to be success because of our President's (Mr. Chien’s) extensive education and professional experience in the both U.S. and China make him, as our Director, some advantages in:

·contacts with some entrepreneurs in China;
·skill sets and experience in the business service field, including understanding some public company's legal, accounting and investor relationship issues;
·language skills of both Chinese and English;
·long time (over a dozen of years) working experiences in both China and USA; and
·work ethics and his determination to turn our business into a financial success.


Since 2006, Andrew Chien has accumulated working experiences in managing a small public company and some contact with China small financial consultants. The frequently and long time contact between Andrew Chien and his China partners is very important because our manager believes that doing business in China for small or micro-capital companies, a trust relation is more important than the brand name from the facts that, in most private owned companies, the top management team always is arranged in members of one family rather than outside professionals. Our targeted projects are directly relative to the owners’ financial benefits, the owners will pick the trust people first rather than the professionals’ brand name. This is why Andrew Chine’s long time working history and good relation with some Chinese entrepreneurs and financial consultants are very important, and this makes us to have confidence that our company will be successful.


Target Market


Our target market will be aggressive investors who is looking acquisitions, or small to medium size private companies in China or other countries, who is looking for private or public financing with purposes to achieve China or oversea operation expansion; or looking for merger with business partners in the United States, Canada or Europe, or looking for becoming publicly listed through either an IPO (Initial Public Offering) or a "reverse" merger with a public "shell" company.

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We will conduct our business in accordance with all applicable laws and regulations of the cities, states and countries of which we are conducting business. Currently, we do not need any special license or regulatory approval in the US or China to conduct any of our services. We will strictly control our business practice, avoiding involving any areas in which any special license or regulatory approval may need, or contracting the special services to outside qualified persons or companies.


However, there is no guarantee that we will obtain additional customers and earn additional revenues.


We believe that some customers may elect to issue us shares of their common stock for our services if they do not have adequate cash resources. 

We will market our service major through personal contacts, advertisers and media. In past five years, Mr. Chien at least traveled to China once a year for business, he will continue to take extensive international travel to meet the owners and major managers of the potential customers, and will make consistently communication through telephone and e-mail with them. Also he will periodically join the associated conferences, and seminars to make wide contacts with potential customers. We also will make alliances with partners or organizations located in US, and China to expand our business.


Revenue Stream


Our Company will realize revenue when we obtain customers, and charge those customers fees for our business services. We plan to charge our customers on an annual basis, per project, rather than by the hours. We will survey our competition and adjust our fees to be slightly lower than industry




Revenue, operating income and shareholder equity


For the quarter ended of March 31, 2014, we have generated revenue of $ 0, and net loss of $ (234); compared same period of last year of $1,800 revenue and net loss of $ (255). This operating loss is due to no business activity.


On March 31, 2014, we have shareholders’ equity of $76,377, compared with $77,702 on the December 31, 2013. The decrease of shareholder equity in this quarter is due to the loss in operation.




We believe that our current cash position of $ 73,358 can meet our operation requirement in the next twelve months. We don’t have any financing plan in the foreseeable future.


Item 3. Quantitative And Qualitative Disclosure About market Risk




Item 4. Controls and Procedures


An evaluation was performed under the supervision and with the participation of our management, including the Company's Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange act of 1934, as amended) as of the end of period covered by this report. Based on that evaluation, the Company's Chief Executive Officer and Chief Financial Officer concluded that these disclosure controls and procedures were effective. There has been no change in our internal control over financial reporting during our most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.


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Item 6. Exhibits


31 - Certification of Chief Executive Officer and Chief Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.


32 - Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.


101 - Interactive Data File (Form 10-Q for the quarterly period ended March 31, 2014 furnished in XBRL).




Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


                                               China Bull Management Inc

Dated: October 3, 2016


                                          By: /s/ Andrew Chien


                                            Andrew Chien,

                                            Principal Executive Officer

                                            Principal Accounting Officer