5V Inc. - FORM 10-K - XML - IDEA: XBRL DOCUMENT - January 15, 2013
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Related Party
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12 Months Ended |
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Sep. 30, 2012
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| Related Party [Abstract] | |
| RELATED PARTY | Note 5 – Related Party
One of the Company’s stockholders advanced funds to the Company to cover legal, audit, and filing fees, general office administration and other expenses. The advances are unsecured, with no interest, payable upon demand, and totaling $79,979 and $28,814 as of September 30, 2012 and 2011, respectively. On August 24, 2012, Jun Jiang and Xiong Wu purchased all of the issued and outstanding shares of common stocks of the Company’s existing shareholders. Concurrently with the transaction, the Sellers agreed to transfer to the Purchasers all of their claims on advances to the Company. |
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