10-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

(Mark One)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2015

or

[   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission File Number: 000-52276

W&E SOURCE CORP.
(Exact name of registrant as specified in its charter)

Delaware	98-0471083
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)

113 Barksdale Professional Center, Newark, DE 19711
(Address of principal executive offices) (Zip Code)

(302) 722-6266
(Registrant’s telephone number, including area code)

News of China, Inc.
(Former name of Registrant)

Indicate by check mark 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 registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes [X]      No [   ]

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 [X]      No [   ]

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.

Large accelerated filer [   ]	Accelerated filer                   [   ]
Non-accelerated filer   [   ]	Smaller reporting company [X]
(Do not check if a smaller reporting company)

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

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:
63,438,300 shares of common stock issued and outstanding as of May 12, 2015.

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
Report of Independent Registered Public Accounting Firm	2
Condensed Consolidated Balance Sheets	3
Condensed Consolidated Statements of Income and Comprehensive Income	4
Condensed Consolidated Statements of Cash Flows	5
Consolidated Statement of Stockholder’s Equity	6
Notes to Condensed Consolidated Financial Statements	7
ITEM 2 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	13
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	17
ITEM 4. CONTROLS AND PROCEDURES.	17
PART II – OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS.	17
ITEM 1A. RISK FACTORS	18
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	18
ITEM 3. DEFAULTS UPON SENIOR SECURITIES	18
ITEM 4. MINE SAFETY DISCLOSURES	18
ITEM 5. OTHER INFORMATION	18
ITEM 6. EXHIBITS	19
SIGNATURES	20

	CANUSWA ACCOUNTING & TAX SERVICES INC.
	16301 NE 8th Street, Suite 138, Bellevue, WA 98008                Tel: 425-516-7453

Review Engagement Report

May. 12, 2015

Board of Directors and Shareholders
W&E Source Corp.
113 Barksdale Professional Center
Newark, DE 19711
USA

We have reviewed the balance sheet of W&E Source Corp. of Quarter three as of Mar., 2015, and the related statement of operations, retained earnings, and cash flow for the quarter then ended. Our review was made in accordance with generally accepted standards established for review engagement and accordingly consisted primarily of enquiry, analytical procedures, discussion related to information supplied to us by the company. A review does not constitute an audit, and consequently, we do not express an audit opinion on these financial statements.

Based on our reviews, nothing has come to our attention that causes us to believe that these financial statements are not, in all material respects, in accordance with the US generally accepted accounting principles.

Jun Zhang, CPA, CA, CGMA
Canuswa Accounting & Tax services Inc.

2

Part I--Financial Information

Item 1. Financial Statements

W&E Source Corp. and Subsidiaries
(Formerly News of China Inc.)
Consolidated Balance Sheets
As of March 31, 2015 and June 30, 2014
(Unaudited)

		March 31, 2015			June 30, 2014
Assets
Current Assets
Cash	$	11,817		$	14,570
Accounts receivables		752			2,208
Other receivables		-			481
Total current assets		12,569			17,259
Non-Current Assets
Prepayments/Deposits		11,842			14,058
Property and equipment, net		-			8,156
Total non-current assets		11,842			22,214
TOTAL ASSETS	$	24,411		$	39,473
Liabilities and Shareholders’ Equity
Current liabilities
Accounts payable and accrued liabilities	$	37,794		$	13,902
Wage payable and other payable		-			1,528
Advances from related parties and related party payables		25,920			159,069
Total current liabilities		63,714			174,499
TOTAL LIABILITIES		63,714			174,499
Shareholders' equity
Common stock, $0.0001 par value, 500,000,000 shares authorized, 63,438,300 shares issued and outstanding as of March 31, 2015		6,344			4,790
Additional paid-in capital		957,055			803,226
Accumulated deficit		(1,008,450	)		(942,382	)
Accumulated other comprehensive income		5,748			(660	)
Total shareholders’ equity		(39,303	)		(135,026	)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	24,411		$	39,473

The accompanying notes are an integral part of these consolidated interim financial statements.

3

W&E Source Corp. and Subsidiaries
(Formerly News of China Inc.)
Condensed Consolidated Statements of Income and Comprehensive Income
For the Three and Nine Months Ended March 31, 2015 and 2014
(Unaudited)

		2015			2014			2015			2014
		Three Months			Three Months			Nine Months			Nine Months
Net revenues	$	3,435		$	920		$	5,191		$	15,155
Operating expenses
General and administrative expenses		18,051			28,147			65,839			160,022
Loss from operation		(14,616	)		(27,227	)		(60,648	)		(144,867	)
Other Income (expense)
Interest income		-			20			-			20
Foreign currency exchange (loss) gain		(3,314	)		(3	)		(5,420	)		(524	)
Total other income (expense)	$	(3,314	)	$	17		$	(5,420	)	$	(504	)
Loss before income taxes	$	(17,930	)	$	(27,210	)	$	(66,068	)	$	(145,371	)
Income tax expenses		-			(568	)		-			(568	)
Net loss		(17,930	)		(27,778	)		(66,068	)		(145,939	)
Other comprehensive income (loss)
Cumulative foreign currency
Translation adjustment
		3,516			(3,360	)		6,408			(2,097	)
Comprehensive loss	$	(14,414	)	$	(31,138	)	$	(59,660	)	$	(148,036	)
Weighted average number of shares outstanding – basic and diluted		56,779,000			47,900,000			63,438,300			47,900,000
Loss per share – basic and diluted		(0.00	)		(0.00	)		(0.00	)		(0.00	)

The accompanying notes are an integral part of these consolidated interim financial statements.

4

W&E Source Corp. and Subsidiaries
(Formerly News of China Inc.)
Consolidated Statements of Cash Flow
For the Nine Months Ended March 31, 2015 and 2014
(Unaudited)

		March 31, 2015			March 31, 2014
Cash Flow from Operating Activities
Net loss	$	(66,068	)	$	(145,939	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense		7,995			6,982
Share issuance for the debts settlement		155,383			-
Foreign currency exchange loss		-			3,459
Change in operating assets and liabilities:
Decrease in accounts receivable		1,642			(139	)
Decrease (increase) in prepaid expenses and deposits		-			16,740
Increase (decrease) in accounts payable and accrued liabilities		(7,283	)		10,816
Increase (decrease) in customer deposits		-			(32,543	)
Net cash sourced (used) in operating activities		91,669			(140,624	)
Cash Flows from Investing Activities
Net cash sourced (used) in investing activities		-			-
Cash Flows from Financing Activities
Proceed advanced from related party		29,121			-
Advance share issuance		33,546			-
Repayment of advances - related parties		(155,383	)		(65,985	)
Net cash provided (used) by financing activities		(92,716	)		(65,985	)
Cumulative translation adjustment		(1,706	)		(4,099	)
Net increase (decrease) in cash & cash equivalents for the year		(2,753	)		(210,708	)
Beginning of period
		14,570			221,835
End of period	$	11,817		$	11,127
Supplemental cash flows information
Interest received		-			-
Interest paid		-			-
Income tax paid		-			-

The accompanying notes are an integral part of these consolidated interim financial statements.

5

W&E Source Corp. and Subsidiaries
(Formerly News of China, Inc.)
Consolidated Statements of Changes in Shareholders’ Equity
For the Nine Months Ended March 31, 2015 and Year Ended June 30, 2014
(Unaudited)

						Accumulated				Total
			Additional			other				Shareholders’
		Common stock	Paid-in	Capital		Comprehensive		Accumulated		equity
	Shares	Amount	Capital	Stock		Income		Deficit		(deficit)
Balance at June 30, 2011	25,900,000	2,590	173,695	-		1,677		(199,860	)	(21,898	)
Issue of common shares	22,000,000	2,200	627,800	-		-		-		630,000
Donated capital	-	-	1,731	-		-		-		1,731
Foreign currency	-	-	-	-		(1,277	)	-		(1,277	)
translation adjustment
Net loss	-	-	-	-		-		(305,309	)	(305,309	)
Balance at June 30, 2012	47,900,000	4,790	803,226	-		400		(505,169	)	303,247
Capital stock	-	-	-	(301,000	)	-		-		(301,000	)
Capital stock	-	-	-	301,000		-		-		301,000
Foreign currency	-	-	-	-		3,151		-		3,151
translation adjustment
Net loss	-	-	-	-		-		(261,213	)	(261,213	)
Balance at June 30, 2013	47,900,000	4,790	803,226	-		3,551		(766,382	)	45,185
Foreign currency	-	-	-	-		(4,211	)	-		(4,211	)
translation adjustment
Net loss	-	-	-	-		-		(176,000	)	(176,000	)
Balance at June 30, 2014	47,900,000	4,790	803,226	-		(660	)	(942,382	)	(135,026	)
Capital stock	15,538,300	1,554	153,829			-		-		155,383
Foreign currency	-	-	-	-		6,408		-		6,408
translation adjustment
Net loss	-	-		-		-		(66,068	)	(66,068	)
Balance at March 31, 2015	63,438,300	6,344	957,055	-		5,748		(1,008,450	)	(39,303	)

The accompanying notes are an integral part of these consolidated interim financial statements.

6

W&E Source Corp. and Subsidiaries
(Formerly News of China, Inc.)
Notes to Consolidated Financial Statements
For the Three and Nine months Ended March 31, 2015 and 2014

Note 1 – Organization, Nature of Operations and Basis of Presentation

W&E Source Corp. (“the Company”) was incorporated in the State of Delaware on October 11, 2005 and is based in Montréal, Québec, Canada. The Company is providing air ticket reservations, hotel reservations and other travel related services.

On August 25, 2011, the Company incorporated a company called Airchn Travel Global, Inc. (“ATGI”) in the State of Washington, USA. ATGI is a wholly owned subsidiary of the Company. ATGI focuses on a business segment of travel businesses which includes air ticket reservations, hotel reservations and other travel services.

On October 4, 2011, the Company incorporated a company called Airchn Travel (Canada) Inc. (“ATCI”) in the Province of British Columbia, Canada. ATCI is a wholly owned subsidiary of ATGI. ATCI has a similar business segment as ATGI.

In January 2012, the Company changed its name from News of China, Inc. to W&E Source Corp. and increased its authorized shares to 500,000,000 shares. As a result of the name change, the Company’s listing symbol on OTCQB is also changed to WESC.

During the period ended March 31, 2012, the Company incorporated a company named Airchn Travel (Beijing) Inc. (“ATBI”) in Beijing, China. ATBI is also a wholly owned subsidiary of ATGI. ATBI has a similar business segment as ATGI.

On December 15, 2012, Airchin Travel (Beijing) Inc., a wholly owned subsidiary of W&E Source Corp. (the “Company”), entered into the Share Purchase Agreement (the “Agreement”) with Mr. Wu Hao (the “Seller”), a majority shareholder of Chengdu Baopiao Internet Co., Ltd. (“Baopiao”), to acquire part of his ownership in Baopiao which equals 51% of all issued and outstanding stock of Baopiao (the “Shares”).

The Company will pay for the aggregate purchase price of RMB 2,550,000 for the Shares in cash and by assuming the Seller’s debt to Baopiao in the amount of RMB1,800,000 (approximately US$289,000) (the “Debt”). According to the terms of the Agreement, the Company will assume the Debt upon execution of the Agreement and pay the Seller the remaining RMB750,000 of the purchase price within 20 days from the execution of the Agreement. Also at execution, the Company will paid Baopiao RMB200,000 as repayment of the Debt and satisfy the remaining Debt of RMB1,600,000 within 20 day from the execution of the Agreement.

Also pursuant to the Agreement, the Seller will provide guaranties that other than the information including financial statements provided to the Company, Baopiao does not have any other debts, and no third party has any rights or liens on the assets of Baopiao. The Seller and Baopiao will also indemnify the Company against any damages, liabilities, losses and expenses, which the Company may sustain or suffer due to any breach of the guaranties made by the Seller or Baopiao.

Baopiao has obtained the necessary shareholder approval for the transfer of the Shares and will register the transfer of the Shares with the applicable State Administration for Industry and Commerce within three days from the date of the Agreement.

In connection with the Agreement, the Company also entered into an agreement with the Seller and Baopiao that as an incentive for the management team of Baopiao, the Company will reserve up to 26 million shares of its common stock for issuance to the Baopiao employees upon achievement of certain milestones over the next three years.

7

W&E Source Corp. and Subsidiaries
(Formerly News of China, Inc.)
Notes to Consolidated Financial Statements
For the Three and Nine months Ended March 31, 2015 and 2014

The Share Purchase Agreement with Mr. Wu Hao was not completed in January 2013, and both the Company and Mr. Wu Hao agreed to terminate the agreement entered on December 15, 2012.

On October 26, 2014, the Company issued 15,538,300 common shares of the Company to settle the debts payable of $155,383 to related parties at $0.01 per share.

Note 2 – Summary of Significant Accounting Policies

a.	Basis of presentation.
	The Company prepares its financial statements in accordance with accounting principles generally accepted in the United States. This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The financial statements are expressed in U.S. dollars. These unaudited financial statements should be read in conjunction with a reading of the financial statements and notes thereto included in our Annual Report on Form 10-Q for the quarters ended March 31, 2015, as filed with the U.S. Securities and Exchange Commission.
b.	Foreign currency translation.
	ATCI's and ATBI’s functional currency for operations is the Canadian dollar and Chinese Yuan. However, the Company's reporting currency is in U.S. dollar. Therefore, the financial statements for all periods presented have been translated into U.S. dollar using the current rate method. Under this method, the income statement and the cash flows for each period have been translated into U.S. dollars using the average rate of the reporting period, and assets and liabilities have been translated using the exchange rate at the end of the period. All resulting exchange differences are reported in the cumulative translation adjustment account as a separate component of stockholders’ equity.
c.	Principles of consolidation.
	The unaudited consolidated statements include the accounts of the Company and its wholly owned subsidiaries, ATGI, ATCI and ATBI. All inter-company transactions and balances were eliminated.
d.	Use of Estimates.
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expense during the period. Actual results could differ from those estimates.
e.	Loss per share.
	Basic loss per share (“EPS”) is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants), and convertible debt or convertible preferred stock, using the if-converted method. EPS excludes all potential dilutive shares of common stock if their effect is anti-dilutive. There were no dilutive securities at March 31, 2015.

8

W&E Source Corp. and Subsidiaries
(Formerly News of China, Inc.)
Notes to Consolidated Financial Statements
For the Three and Nine months Ended March 31, 2015 and 2014

f.	Revenue recognition.
	The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when it has persuasive evidence of an arrangement, delivery has occurred, the sales price is fixed or determinable, and collectability is reasonably assured. Revenue, which primarily consists of commission fees from air ticketing and hotel booking operations, is recognized as tickets and hotels are booked, and is recorded on a net basis (that is, the amount billed to a customer less the amount paid to a supplier) as the Company acts as an agent in these transactions.
g.	Cash and cash equivalents.
	The Company includes in cash and cash equivalents all short-term, highly liquid investments that mature within three months or less of their acquisition date. Cash equivalents consist principally of investments in interest-bearing demand deposit accounts and liquidity funds with financial institutions and are stated at cost, which approximates fair value. As of March 31, 2015, we have no cash equivalents.
h.	Equipment.
	Equipment is stated at cost and depreciated using the straight-line method over the estimated useful life of the asset. The estimated useful lives of our property and equipment are generally three years.
i.	Income taxes.
	Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. In addition, the Company recognizes future tax benefits, such as carry forwards, to the extent that realization of such benefits is more likely than not and that a valuation allowance is provided when it is more likely than not that some portion of the deferred tax asset will not be realized. Company’s net operating losses carry forwards are subject to Section 382 limitation.
j.	Recently issued accounting pronouncements.
	The Company does not expect that any recently issued accounting pronouncement will have a significant impact on the results of operations, financial position, or cash flows of the Company.
k.	Going Concern.
	As reflected in the accompanying financial statements, the Company has an accumulated deficit of $1,008,450, and a net loss for the quarters ended March 31, 2015 and 2014 of $66,068 and $145,939, respectively. The Company currently has business activities to generate funds for its own operations, however, has not yet achieved profitable operations. These factors raise substantial doubt about our ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent on its ability to raise additional capital and implement its business plan. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
	Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

9

W&E Source Corp. and Subsidiaries
(Formerly News of China, Inc.)
Notes to Consolidated Financial Statements
For the Three and Nine months Ended March 31, 2015 and 2014

Note 3 - Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities of $37,794 consists of advanced share issuance from an independent of $30,603, operating expense payable of $4,395 and payroll payable of $2,796 as at March 31, 2015.

Note 4 – Related Parties

Mrs. Hong Ba serves as the Chief Executive Officer and Director of the Company. Mr. Feng Li, the husband of Mrs. Hong Ba, is the owner of the Canada Airchn Financial Inc. (“CAFI”). Mr. Chen Xi Shi is the former Chief Financial Officer and Director of the Company. The shareholders make advances to the Company from time to time for the Company’s operations. These advances are due on demand and non-interest bearing.

On October 26, 2014, the Company issued 15,538,300 common shares of the Company to settle the debts payable of $155,383 to related parties at $0.01 per share for operations on behalf of ATCI, ATGI and ATBI.

Note 5 – Income Taxes

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities at March 31, 2015 and 2014 are as follows:

United States of America

The Company and its subsidiary are subject to income taxes on an entity basis on income arising in, or derived from, the tax jurisdiction in which they operate.

Canada

The Company’s subsidiary, Airchn Travel (Canada) Inc. is incorporated in British Columbia in Canada. It is subject to income taxes on income arising in, or derived from, the tax jurisdiction in British Columbia it operates. The basic federal rate of Part I tax is 38% of taxable income, 28% after federal tax abatement. After the general tax reduction, the net federal tax rate is 18% effective January 1, 2010; 16.5% effective January 1, 2011; 15% effective January 1, 2012. The provincial and territorial lower and higher tax rates in British Columbia are 2.5% and 10%, respectively. Other than income tax, Airchn Travel (Canada) Inc. is GST registrants who make taxable services in British Columbia and collect tax at the 5% GST rate on taxable services.

People’s Republic of China

The Company’s subsidiary, Airchn Travel (Beijing) Inc. is incorporated in Beijing in China. It is subject to PRC tax laws. Prior to January 1, 2008, PRC enterprise income tax (“EIT”) was generally assessed at the rate of 33% of taxable income. In March 2007, a new enterprise income tax law (the “New EIT Law”) in the PRC was enacted which was effective on January 1, 2008. The New EIT Law generally applies a uniform 25% EIT rate to both foreign invested enterprises and domestic enterprises.

For the reporting periods, the components of loss before income taxes were comprised of the following:

10

W&E Source Corp. and Subsidiaries
(Formerly News of China, Inc.)
Notes to Consolidated Financial Statements
For the Three and Nine months Ended March 31, 2015 and 2014

		For the Nine Months Ended			For the Year Ended
		March 31, 2015			June 30, 2014
United States of America	$	(25,248	)	$	(76,464	)
Canada		(33,118	)		(42,513	)
People's Republic of China		(7,702	)		(57,023	)
Loss before income taxes	$	(66,068	)	$	(176,000	)

The components of deferred taxes assets at March 31, 2105 and June 30, 2014:

		2015			2014
USA net operating losses	$	3,282		$	25,998
Canada net operating losses		4,305			5,739
PRC net operating losses		2,080			15,494
Deferred tax assets, net		9,667			47,231
Less: valuation allowance		(9,667	)		(47,231	)
Deferred tax assets, net	$	-		$	-

As of March 31, 2015, the Company has an accumulated deficit of $1,008,450 that can be carried forward to offset future net profit for income tax purposes. All tax penalties and interest are expensed as incurred. For the years ended March 31, 2015 and 2014, there were no tax penalties or interest.

Note 6 – Commitment and Contingencies

The Company leases one office spaces for different terms under long-term, non-cancelable operating lease agreements. Monthly rent ranges from $780 to $8,151 and deposits range from $4,000 to $16,302. The leases expire at various dates through 2016 and provide for renewal options ranging from twenty-six months to three years. In the normal course of business, it is expected that these leases will be renewed or replaced by leases on other properties.

The lease agreement in Beijing office was terminated effective from October 1, 2013.

On May 30, 2014, the Company assigned the lease agreement dated November 1, 2011 to Meixi Travel LLC effective on August 1, 2014.

The following is a schedule by year of future minimum rental payments required under the operating lease agreements:

Year Ending March 31		Amounts
2014		9,500
2015		9,600
2016		9,600
2017		-
2018 and thereafter		-
Total	$	28,700

11

W&E Source Corp. and Subsidiaries
(Formerly News of China, Inc.)
Notes to Consolidated Financial Statements
For the Three and Nine months Ended March 31, 2015 and 2014

For each of the quarters ended March 31, 2015 and 2014, the Company recorded a rent expense of $8,101 and $68,160, respectively.

Note 7 – Common Stock

The Share Purchase Agreement with Mr. Wu Hao was not completed in January 2013, and both the Company and Mr. Wu Hao agreed to terminate the agreement entered on December 15, 2012. On October 26, 2014, the Company issued 15,538,300 common shares of the Company to settle the debts payable of $155,383 to related parties at $0.01 per share.

The Company is authorized to issue 500,000,000 shares of common stock. As of March 31, 2015 and the filing date of this report, 63,438,300 shares of common stock were issued and outstanding.

12

ITEM 2 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward Looking Statements

This report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled “Risk Factors”, that may cause our company’s or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are stated in United States dollars (US$) and are prepared in accordance with United States generally accepted accounting principles.

In this quarterly report, unless otherwise specified, all references to “common shares” refer to the common shares of our capital stock.

As used in this quarterly report, the terms “we”, “us”, “our”, “W&E Source Corp.”, “the Company” means W&E Source Corp., unless otherwise indicated.

Corporate Overview

We are incorporated in Delaware on October 11, 2005. Our principal business was to provide an online financial media outlet for researching China-related stocks. This media outlet provided financial news and commentary, online video broadcasting, and other information for researching China-related stocks. China-related stocks refer to the stocks issued by companies whose main operations are located in China. However, due to our online financial media outlet software problems and other difficulties, we were not able to achieve the milestones we set to fully implement our business operations in online financial media outlet for researching China-related stocks.

In July 2011, the Company’s new management team began re-evaluating our business plan and determined that it would be in the best interest of the Company to take a new business direction. In the new business model, the Company will serve as an incubator for innovative enterprises across various industries with diverse practices. The Company will identify such enterprises and acquire them through various business combination transactions. As an incubator, the Company will provide the necessary assistance and environment for the acquired businesses to grow with the eventual goal of spinning them off as independent publicly reporting entities.

The Company has identified the global tourism market as its first investment target. As it currently exists, the tourism industry is fragmented into various geographic regions. We believe that approaching this industry from a global perspective is an emerging market with tremendous growth potential. We plan to set up and/or acquire offices in various regions of the world and through them, develop the local tourism industry and expand our local tourism market. Ultimately, we plan to unify and manage our regional offices and to market our global services through the internet.

We have set up three subsidiaries, Airchn Travel Globla, Inc. in Seattle, Washington (“ATGI”) and Airchn Travel (Canada) Inc., in Vancouver, British Columbia in Canada (“ATCI”) and Airchn Travel (Beijing) Inc. in Beijing, China (“ATBI”). We plan to set up additional subsidiaries in Hong Kong, Macau, Taiwan, Japan and Korea in the near future.

13

We are engaged in services such as, airline and cruise ticketing, customized and packaged tours, travel blogs, travel magazines, sales of travel related merchandise, group hotel reservations, business travel arrangements, conference travel arrangements, car rental and admission ticket sale for local tourist attractions.

We will continue to explore other business growth opportunities, regardless of industry, in order to diversify our business operations and investments.

On January 17, 2012, the Company filed a Certificate of Amendment to its Certificate of Incorporation with the Secretary of State of Delaware to change its name from New of China, Inc. to W&E Source Corp. In connection the name change, our listing symbol on the OTCQB also changed from “NWCH” to “WESC.” Our new website which is currently under construction can be accessed at www.wescus.com. In addition, the Company also increased its total authorized shares to 500,000,000 to anticipate future financing through the issuance of our equity or convertible debt to finance our business.

Results of Operations

The following summary of our results of operations should be read in conjunction with our audited financial statements for the quarters ended March 31, 2015 and 2014.

Nine Months Ended March 31, 2015 and 2014.

		Nine Months Ended			Nine Months Ended
		March 31,			March 31,
		2015			2014
Revenues	$	5,191		$	15,155
Expenses
General and administrative expenses		65,839			160,022
Interest income					20
Foreign currency exchange gain (loss)		5,420			(524	)
Income tax expenses		-			(568	)
Net loss	$	(66,068	)	$	(145,939	)

Revenues

We have generated total revenues of $5,191 from our operations during for the nine months ended March 31, 2015 compared to $15,155 from the same period a year ago, a decrease of $9,964 or 192%. The decrease was attributed to the slow down of our travel business and as a result we made fewer sales.

Expenses

General and administrative expenses for the nine months ended March 31, 2015 decreased by $94,183 or 143% compared with the same period in 2014. The decreased expenses during 2015 were due to reduction in employees in the United States and office closure in Seattle.

Net loss

We had net losses of $66,068, and $145,939 for the nine months ended March 31, 2015 and 2014, respectively, a decrease of $79,871 or 155% and had an accumulated deficit of $1,008,450 since the inception of our business. The decrease in net loss is mainly attributed to sales revenue and general and administrative expenses decrease discussed above.

14

Three Months Ended March 31, 2015 and 2014:

		Three Months Ended			Three Months Ended
		March 31,			March 31,
		2015			2014
Revenues	$	3,435		$	920
Expenses
General and administrative expenses		18,051			28,147
Interest income		-			20
Foreign currency exchange gain (loss)		(3,314	)		(3	)
Income tax expenses		-			(568	)
Net loss	$	(17,930	)	$	(27,778	)

Revenues

We have generated total revenues of $3,435 from operations during the three months ended March 31, 2015 as compared to $920 for the same period in 2014, an increase of $2,515 or 273%. The increase was mainly due to the increase in our travel business in the quarters ended March 31, 2015.

General and administrative expenses

General and administrative expenses for the three months ended March 31, 2015 decreased by $10,096 or 36%, compared with the same period in 2014 primarily because of decreased operating cost in rent and payroll expenses as discussed above.

Net loss

We had net losses of $17,930 and $27,778 for the three months ended March 31, 2015 and 2014, respectively, a decrease of $9,848 or 35% and had an accumulated deficit of $1,008,450 since the inception of our business. The increase in net loss is mainly attributable to an increase in sales revenue and decrease of general and administrative expenses.

Liquidity and Capital Resources

Our financial conditions for the nine months ended March 31, 2015 and 2014 are summarized as follows:

Working Capital
		March 31,			March 31,
		2015			2014
Current Assets	$	12,569		$	11,524
Current Liabilities		(63,714	)		(156,744	)
Working Capital	$	(51,145	)	$	(145,220	)

Our working capital deficit significantly decreased from the previous year but current assets were still insufficient to cover liabilities; the deficit magnitude decreased by some $94,075 due to share issuance for settlement of debt to related parties and as we have not generated any significant revenue to cover expenses.

15

Cash Flows
		March 31,			March 31,
		2015			2014
Cash used in operating activities	$	91,669		$	(140,624	)
Cash used in investing activities		-			-
Cash provided by (used in) financing activities		(92,716	)		(65,985	)
Cumulative translation adjustment		(1,706	)		(4,099	)
Net increase (decrease) in cash	$	(2,753	)	$	(210,708	)

Cash Used in Operating Activities

For the nine months ended March 31, 2015, our cash used in operating activities decreased by $66,910 or 55% from $91,669 included the share issuance for the debts settlement compared with $155,383 for the current year. The decrease is mainly due to general and administrative expenses decrease.

Cash Used in Investing Activities

For the nine months ended March 31, 2015, we have no cash investing activities as compared from the same period last year.

Cash Provided by Financing Activities

For the nine months ended March 31, 2015, we provided $62,667 in financing activities advanced from related parties and advanced share insurance from an independent investor excluding repayment of $155,383 compared in repayments to advances from related to the same period last year where we repaid $65,985 in advances from related parties.

Cash Requirements

Over the next 12-months, we anticipate that we will incur the following operating expenses :

Expense		Amount
General and administrative	$	100,000
Professional fees		26,000
Foreign currency exchange loss		8,000
Total	$	134,000

Management believes that the Company will be able to raise sufficient capital to meet our working capital requirements for the next 12 month period. Management is currently seeking financing opportunities to meet our estimated funding requirements for the next 12 months primarily through private placements of our equity securities.

There is substantial doubt about our ability to continue as a going concern as the continuation of our business is dependent upon the continued financial support from our shareholders, our ability to obtain necessary equity financing to continue operations, and achieving a profitable level of operations. The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.

In addition to the issues set out above regarding our ability to raise capital, global economies are currently undergoing a period of economic uncertainty related to the tightening of credit markets worldwide. This has resulted in numerous adverse effects, including unprecedented volatility in financial markets and stock prices, slower economic activity, decreased consumer confidence and commodity prices, reduced corporate profits and capital spending, increased unemployment, liquidity concerns and volatile but generally declining energy prices. We anticipate that the current economic conditions and the credit shortage will adversely impact our ability to raise financing. In addition, if the future economic environment continues to be less favorable than it has been in recent years, we may experience difficulty in completing our current business plan.

16

Off Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

Recently Issued Accounting Standards

We continue to assess the effects of recently issued accounting standards. The impact of all recently adopted and issued accounting standards has been disclosed in the Footnotes to the financial statements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not Applicable.

ITEM 4. CONTROLS AND PROCEDURES.

Disclosure Controls and Procedures

We maintain “disclosure controls and procedures”, as that term is defined in Rule 13a-15(e), promulgated by the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended. Disclosure controls and procedures include controls and procedures designed to ensure that information required to be disclosed in our company’s reports filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal accounting officer to allow timely decisions regarding required disclosure.

As required by paragraph (b) of Rules 13a-15 under the Securities Exchange Act of 1934, our management, with the participation of our principal executive officer and principal financial officer, evaluated our company’s disclosure controls and procedures as of the end of the period covered by this year report on Form 10-K. Based on this evaluation, our management concluded that as of the end of the period covered by this year report on Form 10-K, our disclosure controls and procedures were not effective due to the material weaknesses described in Management's Report on Internal Control over Financial Reporting below.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting during the nine months ended March 31, 2014 that have materially affected, or are reasonably likely to materially affect our internal control over financial reporting.

PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

We know of no material, active or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

17

ITEM 1A. RISK FACTORS

As of the date of this filing, there have been no material changes from the risk factors disclosed in Part I, Item 1A (Risk Factors) contained in our Annual Report on Form 10-K for the year ended June 30, 2014. We operate in a changing environment that involves numerous known and unknown risks and uncertainties that could materially affect out operations. The risks, uncertainties and other factors set forth in our Annual Report on Form 10-K for the year ended June 30, 2014 may cause our actual results, performances and achievements to be materially different from those expressed or implied by our forward-looking statements. If any of these risks or events occurs, our business, financial condition or results of operations may be adversely affected.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

None.

18

ITEM 6. EXHIBITS

(3)	Articles of Incorporation and By-laws
3.1	Articles of Incorporation (attached as an exhibit to our registration statement on Form SB-2 filed September 25, 2006)
3.2	By-Laws (attached as an exhibit to our registration statement on Form SB-2 filed September 25, 2006)
3.3	Certificate of Amendment to the Certificate of Incorporation filed on January 17, 2012. (attached as an exhibit to our Form 10-Q filed February 10, 2012)
(10)	Material Contracts
10.1	Form of Subscription Agreement between News of China Inc. and placees (attached as an exhibit to our registration statement on Form SB-2 filed September 25, 2006)
10.2	Form of Private Placement Subscription Agreement with Chenling Shi (attached as an exhibit to our current report on Form 8-K filed on June 22, 2009)
10.3	Stock Purchase Agreement dated as of January 23, 2012 by and between the Company and Hong Ba (attached as an exhibit to Form 8-K filed January 24, 2012)
(14)	Code of Ethics
14.1	Code of Ethics adopted September 10, 2007 (attached as an exhibit to our annual report on Form 10- KSB filed September 28, 2007)
(16)	Letter re change in certifying accountant
16.1	Letter dated October 13, 2011 from RSM Richter Chamberland LLP, Chartered Accountants (attached as an exhibit to our current report on Form 8-K filed on October 13, 2011)
(21)	Subsidiaries
21.1	List of Subsidiaries. (attached as an exhibit to Form 10-Q filed on February 10, 2012)
(31)	Section 302 Certification
31.1*	Certification Statement of the Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
(32)	Section 906 Certification
32.1*	Certification Statement of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS*	XBRL INSTANCE DOCUMENT
101.SCH*	XBRL TAXONOMY EXTENSION SCHEMA
101.CAL*	XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
101.DEF*	XBRL TAXONOMY EXTENSION DEFINITION LINKBASE
101.LAB*	XBRL TAXONOMY EXTENSION LABEL LINKBASE
101.PRE*	XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE

*filed herewith

19

SIGNATURES

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

W&E Source Corp.

/s/ Hong Ba
Hong Ba
CEO and Director
Principal Executive Officer, Principal Financial Officer
and Principal Accounting Officer

Date: May 14, 2015

20

EX-31.1

Exhibit 31.1

Certification of Principal Executive Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
and Securities and Exchange Commission Release 34-46427

I, Hong Ba, certify that:

1. I have reviewed this quarterly report on Form 10-Q of W&E Source Corp.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):

a) all deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 14, 2015

/s/ Hong Ba

Hong Ba, Principal Executive Officer,

Principal Financial Officer and Principal

Accounting Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of W&E Source Corp. (the "Company") on Form 10-Q for the quarters ended March 31, 2015 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Hong Ba, certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 14, 2015

/s/ Hong Ba

Hong Ba

Principal Executive Officer, Principal

Financial Officer and Principal Accounting

Officer

XML

Schedule of Deferred Tax Assets and Liabilities (Details) (USD $)	9 Months Ended
	Mar. 31, 2015
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 1	$ 3,282
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 2	25,998
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 3	4,305
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 4	5,739
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 5	2,080
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 6	15,494
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 7	9,667
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 8	47,231
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 9	(9,667)
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 10	(47,231)
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 11	0
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 12	$ 0

XML

Accounts Payable and Accrued Liabilities

9 Months Ended

Mar. 31, 2015

Accounts Payable and Accrued Liabilities [Text Block]

Note 3 - Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities of $37,794 consists of advanced share issuance from an independent of $30,603, operating expense payable of $4,395 and payroll payable of $2,796 as at March 31, 2015.

XML

Summary of Significant Accounting Policies

9 Months Ended

Mar. 31, 2015

Summary of Significant Accounting Policies [Text Block]

Note 2 – Summary of Significant Accounting Policies

a.

Basis of presentation.

The Company prepares its financial statements in accordance with accounting principles generally accepted in the United States. This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The financial statements are expressed in U.S. dollars. These unaudited financial statements should be read in conjunction with a reading of the financial statements and notes thereto included in our Annual Report on Form 10-Q for the quarters ended March 31, 2015, as filed with the U.S. Securities and Exchange Commission.

b.

Foreign currency translation.

ATCI's and ATBI’s functional currency for operations is the Canadian dollar and Chinese Yuan. However, the Company's reporting currency is in U.S. dollar. Therefore, the financial statements for all periods presented have been translated into U.S. dollar using the current rate method. Under this method, the income statement and the cash flows for each period have been translated into U.S. dollars using the average rate of the reporting period, and assets and liabilities have been translated using the exchange rate at the end of the period. All resulting exchange differences are reported in the cumulative translation adjustment account as a separate component of stockholders’ equity.

c.	Principles of consolidation.
	The unaudited consolidated statements include the accounts of the Company and its wholly owned subsidiaries, ATGI, ATCI and ATBI. All inter-company transactions and balances were eliminated.

d.

Use of Estimates.

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expense during the period. Actual results could differ from those estimates.

e.

Loss per share.

Basic loss per share (“EPS”) is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants), and convertible debt or convertible preferred stock, using the if-converted method. EPS excludes all potential dilutive shares of common stock if their effect is anti-dilutive. There were no dilutive securities at March 31, 2015.

f.

Revenue recognition.

The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when it has persuasive evidence of an arrangement, delivery has occurred, the sales price is fixed or determinable, and collectability is reasonably assured. Revenue, which primarily consists of commission fees from air ticketing and hotel booking operations, is recognized as tickets and hotels are booked, and is recorded on a net basis (that is, the amount billed to a customer less the amount paid to a supplier) as the Company acts as an agent in these transactions.

g.

Cash and cash equivalents.

The Company includes in cash and cash equivalents all short-term, highly liquid investments that mature within three months or less of their acquisition date. Cash equivalents consist principally of investments in interest-bearing demand deposit accounts and liquidity funds with financial institutions and are stated at cost, which approximates fair value. As of March 31, 2015, we have no cash equivalents.

h.	Equipment.
	Equipment is stated at cost and depreciated using the straight-line method over the estimated useful life of the asset. The estimated useful lives of our property and equipment are generally three years.

i.

Income taxes.

Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. In addition, the Company recognizes future tax benefits, such as carry forwards, to the extent that realization of such benefits is more likely than not and that a valuation allowance is provided when it is more likely than not that some portion of the deferred tax asset will not be realized. Company’s net operating losses carry forwards are subject to Section 382 limitation.

j.	Recently issued accounting pronouncements.
	The Company does not expect that any recently issued accounting pronouncement will have a significant impact on the results of operations, financial position, or cash flows of the Company.

k.	Going Concern.
	As reflected in the accompanying financial statements, the Company has an accumulated deficit of $1,008,450, and a net loss for the quarters ended March 31, 2015 and 2014 of $66,068 and $145,939, respectively. The Company currently has business activities to generate funds for its own operations, however, has not yet achieved profitable operations. These factors raise substantial doubt about our ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent on its ability to raise additional capital and implement its business plan. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
	Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

XML

Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Jun. 30, 2014
Current Assets
Cash	$ 11,817	$ 14,570
Accounts receivables	752	2,208
Other receivables	0	481
Total current assets	12,569	17,259
Non-Current Assets
Prepayments/Deposits	11,842	14,058
Property and equipment, net	0	8,156
Total non-current assets	11,842	22,214
TOTAL ASSETS	24,411	39,473
Current liabilities
Accounts payable and accrued liabilities	37,794	13,902
Wage payable and other payable	0	1,528
Advances from related parties and related party payables	25,920	159,069
Total current liabilities	63,714	174,499
TOTAL LIABILITIES	63,714	174,499
Shareholders' equity
Common stock, $0.0001 par value, 500,000,000 shares authorized, 63,438,300 shares issued and outstanding as of March 31, 2015	6,344	4,790
Additional paid-in capital	957,055	803,226
Accumulated deficit	(1,008,450)	(942,382)
Accumulated other comprehensive income	5,748	(660)
Total shareholders' equity	(39,303)	(135,026)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 24,411	$ 39,473

XML

Consolidated Statements of Changes in Shareholders Equity (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Capital Stock [Member]	Accumulated Other Comprehensive Income [Member]	Accumulated Deficit [Member]	Total
Beginning Balance at Jun. 30, 2011	$ 2,590	$ 173,695		$ 1,677	$ (199,860)	$ (21,898)
Beginning Balance (Shares) at Jun. 30, 2011	25,900,000
Issue of common shares	2,200	627,800				630,000
Issue of common shares (Shares)	22,000,000
Donated capital		1,731				1,731
Foreign currency translation adjustment				(1,277)		(1,277)
Net loss					(305,309)	(305,309)
Ending Balance at Jun. 30, 2012	4,790	803,226		400	(505,169)	303,247
Ending Balance (Shares) at Jun. 30, 2012	47,900,000
Capital stock			(301,000)			(301,000)
Capital stock			301,000			301,000
Foreign currency translation adjustment				3,151		3,151
Net loss					(261,213)	(261,213)
Ending Balance at Jun. 30, 2013	4,790	803,226		3,551	(766,382)	45,185
Ending Balance (Shares) at Jun. 30, 2013	47,900,000
Foreign currency translation adjustment				(4,211)		(4,211)
Net loss					(176,000)	(176,000)
Ending Balance at Jun. 30, 2014	4,790	803,226		(660)	(942,382)	(135,026)
Beginning Balance (Shares) at Jun. 30, 2014	47,900,000
Capital stock	1,554	153,829				155,383
Capital stock (Shares)	15,538,300
Foreign currency translation adjustment				6,408		6,408
Net loss					(66,068)	(66,068)
Ending Balance at Mar. 31, 2015	$ 6,344	$ 957,055		$ 5,748	$ (1,008,450)	$ (39,303)
Ending Balance (Shares) at Mar. 31, 2015	63,438,300

XML

Commitment and Contingencies (Narrative) (Details) (USD $)	9 Months Ended
	Mar. 31, 2015
Commitment And Contingencies 1	$ 780
Commitment And Contingencies 2	8,151
Commitment And Contingencies 3	4,000
Commitment And Contingencies 4	16,302
Commitment And Contingencies 5	8,101
Commitment And Contingencies 6	$ 68,160

XML

Schedule of Components of Loss Before Income Taxes (Details) (USD $)	9 Months Ended
	Mar. 31, 2015
Income Taxes Schedule Of Components Of Loss Before Income Taxes 1	$ (25,248)
Income Taxes Schedule Of Components Of Loss Before Income Taxes 2	(76,464)
Income Taxes Schedule Of Components Of Loss Before Income Taxes 3	(33,118)
Income Taxes Schedule Of Components Of Loss Before Income Taxes 4	(42,513)
Income Taxes Schedule Of Components Of Loss Before Income Taxes 5	(7,702)
Income Taxes Schedule Of Components Of Loss Before Income Taxes 6	(57,023)
Income Taxes Schedule Of Components Of Loss Before Income Taxes 7	(66,068)
Income Taxes Schedule Of Components Of Loss Before Income Taxes 8	$ (176,000)

XML

Organization, Nature of Operations and Basis of Presentation

9 Months Ended

Mar. 31, 2015

Organization, Nature of Operations and Basis of Presentation [Text Block]

Note 1 – Organization, Nature of Operations and Basis of Presentation

W&E Source Corp. (“the Company”) was incorporated in the State of Delaware on October 11, 2005 and is based in Montréal, Québec, Canada. The Company is providing air ticket reservations, hotel reservations and other travel related services.

On August 25, 2011, the Company incorporated a company called Airchn Travel Global, Inc. (“ATGI”) in the State of Washington, USA. ATGI is a wholly owned subsidiary of the Company. ATGI focuses on a business segment of travel businesses which includes air ticket reservations, hotel reservations and other travel services.

On October 4, 2011, the Company incorporated a company called Airchn Travel (Canada) Inc. (“ATCI”) in the Province of British Columbia, Canada. ATCI is a wholly owned subsidiary of ATGI. ATCI has a similar business segment as ATGI.

In January 2012, the Company changed its name from News of China, Inc. to W&E Source Corp. and increased its authorized shares to 500,000,000 shares. As a result of the name change, the Company’s listing symbol on OTCQB is also changed to WESC.

During the period ended March 31, 2012, the Company incorporated a company named Airchn Travel (Beijing) Inc. (“ATBI”) in Beijing, China. ATBI is also a wholly owned subsidiary of ATGI. ATBI has a similar business segment as ATGI.

On December 15, 2012, Airchin Travel (Beijing) Inc., a wholly owned subsidiary of W&E Source Corp. (the “Company”), entered into the Share Purchase Agreement (the “Agreement”) with Mr. Wu Hao (the “Seller”), a majority shareholder of Chengdu Baopiao Internet Co., Ltd. (“Baopiao”), to acquire part of his ownership in Baopiao which equals 51% of all issued and outstanding stock of Baopiao (the “Shares”).

The Company will pay for the aggregate purchase price of RMB2,550,000 for the Shares in cash and by assuming the Seller’s debt to Baopiao in the amount of RMB1,800,000 (approximately US$289,000) (the “Debt”). According to the terms of the Agreement, the Company will assume the Debt upon execution of the Agreement and pay the Seller the remaining RMB750,000 of the purchase price within 20 days from the execution of the Agreement. Also at execution, the Company will paid Baopiao RMB200,000 as repayment of the Debt and satisfy the remaining Debt of RMB1,600,000 within 20 day from the execution of the Agreement.

Also pursuant to the Agreement, the Seller will provide guaranties that other than the information including financial statements provided to the Company, Baopiao does not have any other debts, and no third party has any rights or liens on the assets of Baopiao. The Seller and Baopiao will also indemnify the Company against any damages, liabilities, losses and expenses, which the Company may sustain or suffer due to any breach of the guaranties made by the Seller or Baopiao.

Baopiao has obtained the necessary shareholder approval for the transfer of the Shares and will register the transfer of the Shares with the applicable State Administration for Industry and Commerce within three days from the date of the Agreement.

In connection with the Agreement, the Company also entered into an agreement with the Seller and Baopiao that as an incentive for the management team of Baopiao, the Company will reserve up to 26 million shares of its common stock for issuance to the Baopiao employees upon achievement of certain milestones over the next three years.

The Share Purchase Agreement with Mr. Wu Hao was not completed in January 2013, and both the Company and Mr. Wu Hao agreed to terminate the agreement entered on December 15, 2012.

On October 26, 2014, the Company issued 15,538,300 common shares of the Company to settle the debts payable of $155,383 to related parties at $0.01 per share.

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Consolidated Balance Sheets (Paranthetical) (USD $)	Mar. 31, 2015	Jun. 30, 2014
Common Stock, Par Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	63,438,300	63,438,300
Common Stock, Shares, Outstanding	63,438,300	63,438,300

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Organization, Nature of Operations and Basis of Presentation (Narrative) (Details)	9 Months Ended
	Mar. 31, 2015 USD ($) D	Mar. 31, 2015 CNY
Organization, Nature Of Operations And Basis Of Presentation 1	500,000,000	500,000,000
Organization, Nature Of Operations And Basis Of Presentation 2	51.00%	51.00%
Organization, Nature Of Operations And Basis Of Presentation 3		2,550,000
Organization, Nature Of Operations And Basis Of Presentation 4		1,800,000
Organization, Nature Of Operations And Basis Of Presentation 5	289,000
Organization, Nature Of Operations And Basis Of Presentation 6		750,000
Organization, Nature Of Operations And Basis Of Presentation 7	20	20
Organization, Nature Of Operations And Basis Of Presentation 8		200,000
Organization, Nature Of Operations And Basis Of Presentation 9		1,600,000
Organization, Nature Of Operations And Basis Of Presentation 10	20	20
Organization, Nature Of Operations And Basis Of Presentation 11	26,000,000	26,000,000
Organization, Nature Of Operations And Basis Of Presentation 12	15,538,300	15,538,300
Organization, Nature Of Operations And Basis Of Presentation 13	$ 155,383
Organization, Nature Of Operations And Basis Of Presentation 14	$ 0.01

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Document and Entity Information	9 Months Ended
	Mar. 31, 2015	May 12, 2015
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2015
Trading Symbol	wesc
Entity Registrant Name	W&E Source Corp.
Entity Central Index Key	0001368275
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		63,438,300
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3

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Summary of Significant Accounting Policies (Narrative) (Details) (USD $)	9 Months Ended
	Mar. 31, 2015
Summary Of Significant Accounting Policies 1	$ 1,008,450
Summary Of Significant Accounting Policies 2	66,068
Summary Of Significant Accounting Policies 3	$ 145,939

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Condensed Consolidated Statements of Income and Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Net revenues	$ 3,435	$ 920	$ 5,191	$ 15,155
Operating expenses
General and administrative expenses	18,051	28,147	65,839	160,022
Loss from operation	(14,616)	(27,227)	(60,648)	(144,867)
Other Income (expense)
Interest income	0	20	0	20
Foreign currency exchange (loss) gain	(3,314)	(3)	(5,420)	(524)
Total other income (expense)	(3,314)	17	(5,420)	(504)
Loss before income taxes	(17,930)	(27,210)	(66,068)	(145,371)
Income tax expenses	0	(568)	0	(568)
Net loss	(17,930)	(27,778)	(66,068)	(145,939)
Other comprehensive income (loss)
Cumulative foreign currency Translation adjustment	3,516	(3,360)	6,408	(2,097)
Comprehensive loss	$ (14,414)	$ (31,138)	$ (59,660)	$ (148,036)
Weighted average number of shares outstanding - basic and diluted	56,779,000	47,900,000	63,438,300	47,900,000
Loss per share - basic and diluted	$ 0.00	$ 0.00	$ 0.00	$ 0.00

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Commitment and Contingencies

9 Months Ended

Mar. 31, 2015

Commitment and Contingencies [Text Block]

Note 6 – Commitment and Contingencies

The Company leases one office spaces for different terms under long-term, non-cancelable operating lease agreements. Monthly rent ranges from $780 to $8,151 and deposits range from $4,000 to $16,302. The leases expire at various dates through 2016 and provide for renewal options ranging from twenty-six months to three years. In the normal course of business, it is expected that these leases will be renewed or replaced by leases on other properties.

The lease agreement in Beijing office was terminated effective from October 1, 2013.

On May 30, 2014, the Company assigned the lease agreement dated November 1, 2011 to Meixi Travel LLC effective on August 1, 2014.

The following is a schedule by year of future minimum rental payments required under the operating lease agreements:

Year Ending March 31		Amounts
2014		9,500
2015		9,600
2016		9,600
2017		-
2018 and thereafter		-
Total	$	28,700

For each of the quarters ended March 31, 2015 and 2014, the Company recorded a rent expense of $8,101 and $68,160, respectively.

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Income Taxes

9 Months Ended

Mar. 31, 2015

Income Taxes [Text Block]

Note 5 – Income Taxes

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities at March 31, 2015 and 2014 are as follows:

United States of America

The Company and its subsidiary are subject to income taxes on an entity basis on income arising in, or derived from, the tax jurisdiction in which they operate.

Canada

The Company’s subsidiary, Airchn Travel (Canada) Inc. is incorporated in British Columbia in Canada. It is subject to income taxes on income arising in, or derived from, the tax jurisdiction in British Columbia it operates. The basic federal rate of Part I tax is 38% of taxable income, 28% after federal tax abatement. After the general tax reduction, the net federal tax rate is 18% effective January 1, 2010; 16.5% effective January 1, 2011; 15% effective January 1, 2012. The provincial and territorial lower and higher tax rates in British Columbia are 2.5% and 10%, respectively. Other than income tax, Airchn Travel (Canada) Inc. is GST registrants who make taxable services in British Columbia and collect tax at the 5% GST rate on taxable services.

People’s Republic of China

The Company’s subsidiary, Airchn Travel (Beijing) Inc. is incorporated in Beijing in China. It is subject to PRC tax laws. Prior to January 1, 2008, PRC enterprise income tax (“EIT”) was generally assessed at the rate of 33% of taxable income. In March 2007, a new enterprise income tax law (the “New EIT Law”) in the PRC was enacted which was effective on January 1, 2008. The New EIT Law generally applies a uniform 25% EIT rate to both foreign invested enterprises and domestic enterprises.

For the reporting periods, the components of loss before income taxes were comprised of the following:

		For the Nine Months Ended			For the Year Ended
		March 31, 2015			June 30, 2014
United States of America	$	(25,248	)	$	(76,464	)
Canada		(33,118	)		(42,513	)
People's Republic of China		(7,702	)		(57,023	)
Loss before income taxes	$	(66,068	)	$	(176,000	)

The components of deferred taxes assets at March 31, 2105 and June 30, 2014:

		2015			2014
USA net operating losses	$	3,282		$	25,998
Canada net operating losses		4,305			5,739
PRC net operating losses		2,080			15,494
Deferred tax assets, net		9,667			47,231
Less: valuation allowance		(9,667	)		(47,231	)
Deferred tax assets, net	$	-		$	-

As of March 31, 2015, the Company has an accumulated deficit of $1,008,450 that can be carried forward to offset future net profit for income tax purposes. All tax penalties and interest are expensed as incurred. For the years ended March 31, 2015 and 2014, there were no tax penalties or interest.

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Common Stock (Narrative) (Details) (USD $)	9 Months Ended
	Mar. 31, 2015
Common Stock 1	15,538,300
Common Stock 2	$ 155,383
Common Stock 3	$ 0.01
Common Stock 4	500,000,000
Common Stock 5	63,438,300

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Accounts Payable and Accrued Liabilities (Narrative) (Details) (USD $)	9 Months Ended
	Mar. 31, 2015
Accounts Payable And Accrued Liabilities 1	$ 37,794
Accounts Payable And Accrued Liabilities 2	30,603
Accounts Payable And Accrued Liabilities 3	4,395
Accounts Payable And Accrued Liabilities 4	$ 2,796

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Income Taxes (Tables)

9 Months Ended

Mar. 31, 2015

Schedule of Components of Loss Before Income Taxes [Table Text Block]

		For the Nine Months Ended			For the Year Ended
		March 31, 2015			June 30, 2014
United States of America	$	(25,248	)	$	(76,464	)
Canada		(33,118	)		(42,513	)
People's Republic of China		(7,702	)		(57,023	)
Loss before income taxes	$	(66,068	)	$	(176,000	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		2015			2014
USA net operating losses	$	3,282		$	25,998
Canada net operating losses		4,305			5,739
PRC net operating losses		2,080			15,494
Deferred tax assets, net		9,667			47,231
Less: valuation allowance		(9,667	)		(47,231	)
Deferred tax assets, net	$	-		$	-

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Common Stock

9 Months Ended

Mar. 31, 2015

Common Stock [Text Block]

Note 7 – Common Stock

The Share Purchase Agreement with Mr. Wu Hao was not completed in January 2013, and both the Company and Mr. Wu Hao agreed to terminate the agreement entered on December 15, 2012. On October 26, 2014, the Company issued 15,538,300 common shares of the Company to settle the debts payable of $155,383 to related parties at $0.01 per share.

The Company is authorized to issue 500,000,000 shares of common stock. As of March 31, 2015 and the filing date of this report, 63,438,300 shares of common stock were issued and outstanding.

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Summary of Significant Accounting Policies (Policies)

9 Months Ended

Mar. 31, 2015

Basis of presentation [Policy Text Block]

a.

Basis of presentation.

The Company prepares its financial statements in accordance with accounting principles generally accepted in the United States. This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The financial statements are expressed in U.S. dollars. These unaudited financial statements should be read in conjunction with a reading of the financial statements and notes thereto included in our Annual Report on Form 10-Q for the quarters ended March 31, 2015, as filed with the U.S. Securities and Exchange Commission.

Foreign currency translation [Policy Text Block]

b.

Foreign currency translation.

ATCI's and ATBI’s functional currency for operations is the Canadian dollar and Chinese Yuan. However, the Company's reporting currency is in U.S. dollar. Therefore, the financial statements for all periods presented have been translated into U.S. dollar using the current rate method. Under this method, the income statement and the cash flows for each period have been translated into U.S. dollars using the average rate of the reporting period, and assets and liabilities have been translated using the exchange rate at the end of the period. All resulting exchange differences are reported in the cumulative translation adjustment account as a separate component of stockholders’ equity.

Principles of consolidation [Policy Text Block]

c.	Principles of consolidation.
	The unaudited consolidated statements include the accounts of the Company and its wholly owned subsidiaries, ATGI, ATCI and ATBI. All inter-company transactions and balances were eliminated.

Use of Estimates [Policy Text Block]

d.

Use of Estimates.

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expense during the period. Actual results could differ from those estimates.

Loss per share [Policy Text Block]

e.

Loss per share.

Basic loss per share (“EPS”) is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants), and convertible debt or convertible preferred stock, using the if-converted method. EPS excludes all potential dilutive shares of common stock if their effect is anti-dilutive. There were no dilutive securities at March 31, 2015.

Revenue recognition [Policy Text Block]

f.

Revenue recognition.

The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when it has persuasive evidence of an arrangement, delivery has occurred, the sales price is fixed or determinable, and collectability is reasonably assured. Revenue, which primarily consists of commission fees from air ticketing and hotel booking operations, is recognized as tickets and hotels are booked, and is recorded on a net basis (that is, the amount billed to a customer less the amount paid to a supplier) as the Company acts as an agent in these transactions.

Cash and cash equivalents [Policy Text Block]

g.

Cash and cash equivalents.

The Company includes in cash and cash equivalents all short-term, highly liquid investments that mature within three months or less of their acquisition date. Cash equivalents consist principally of investments in interest-bearing demand deposit accounts and liquidity funds with financial institutions and are stated at cost, which approximates fair value. As of March 31, 2015, we have no cash equivalents.

Equipment [Policy Text Block]

h.	Equipment.
	Equipment is stated at cost and depreciated using the straight-line method over the estimated useful life of the asset. The estimated useful lives of our property and equipment are generally three years.

Income taxes [Policy Text Block]

i.

Income taxes.

Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. In addition, the Company recognizes future tax benefits, such as carry forwards, to the extent that realization of such benefits is more likely than not and that a valuation allowance is provided when it is more likely than not that some portion of the deferred tax asset will not be realized. Company’s net operating losses carry forwards are subject to Section 382 limitation.

Recently issued accounting pronouncements [Policy Text Block]

j.	Recently issued accounting pronouncements.
	The Company does not expect that any recently issued accounting pronouncement will have a significant impact on the results of operations, financial position, or cash flows of the Company.

Going Concern [Policy Text Block]

k.	Going Concern.
	As reflected in the accompanying financial statements, the Company has an accumulated deficit of $1,008,450, and a net loss for the quarters ended March 31, 2015 and 2014 of $66,068 and $145,939, respectively. The Company currently has business activities to generate funds for its own operations, however, has not yet achieved profitable operations. These factors raise substantial doubt about our ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent on its ability to raise additional capital and implement its business plan. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
	Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

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Commitment and Contingencies (Tables)

9 Months Ended

Mar. 31, 2015

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Year Ending March 31		Amounts
2014		9,500
2015		9,600
2016		9,600
2017		-
2018 and thereafter		-
Total	$	28,700

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Income Taxes (Narrative) (Details) (USD $)	9 Months Ended
	Mar. 31, 2015
Income Taxes 1	38.00%
Income Taxes 2	28.00%
Income Taxes 3	18.00%
Income Taxes 4	16.50%
Income Taxes 5	15.00%
Income Taxes 6	2.50%
Income Taxes 7	10.00%
Income Taxes 8	5.00%
Income Taxes 9	33.00%
Income Taxes 10	25.00%
Income Taxes 11	$ 1,008,450

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Schedule of Future Minimum Rental Payments for Operating Leases (Details) (USD $)	9 Months Ended
	Mar. 31, 2015
Commitment And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 1	$ 9,500
Commitment And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 2	9,600
Commitment And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 3	9,600
Commitment And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 4	0
Commitment And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 5	0
Commitment And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 6	$ 28,700

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Consolidated Statements of Cash Flow (USD $)	9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash Flow from Operating Activities
Net loss	$ (66,068)	$ (145,939)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	7,995	6,982
Share issuance for the debts settlement	155,383	0
Foreign currency exchange loss	0	3,459
Change in operating assets and liabilities:
Decrease in accounts receivable	1,642	(139)
Decrease (increase) in prepaid expenses and deposits	0	16,740
Increase (decrease) in accounts payable and accrued liabilities	(7,283)	10,816
Increase (decrease) in customer deposits	0	(32,543)
Net cash sourced (used) in operating activities	91,669	(140,624)
Cash Flows from Investing Activities
Net cash sourced (used) in investing activities	0	0
Cash Flows from Financing Activities
Proceed advanced from related party	29,121	0
Advance share issuance	33,546	0
Repayment of advances - related parties	(155,383)	(65,985)
Net cash provided (used) by financing activities	(92,716)	(65,985)
Cumulative translation adjustment	(1,706)	(4,099)
Net increase (decrease) in cash & cash equivalents for the year	(2,753)	(210,708)
Beginning of period	14,570	221,835
End of period	11,817	11,127
Supplemental cash flows information
Interest received	0	0
Interest paid	0	0
Income tax paid	$ 0	$ 0

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Related Parties

9 Months Ended

Mar. 31, 2015

Related Parties [Text Block]

Note 4 – Related Parties

Mrs. Hong Ba serves as the Chief Executive Officer and Director of the Company. Mr. Feng Li, the husband of Mrs. Hong Ba, is the owner of the Canada Airchn Financial Inc. (“CAFI”). Mr. Chen Xi Shi is the former Chief Financial Officer and Director of the Company. The shareholders make advances to the Company from time to time for the Company’s operations. These advances are due on demand and non-interest bearing.

On October 26, 2014, the Company issued 15,538,300 common shares of the Company to settle the debts payable of $155,383 to related parties at $0.01 per share for operations on behalf of ATCI, ATGI and ATBI.

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Related Parties (Narrative) (Details) (USD $)	9 Months Ended
	Mar. 31, 2015
Related Parties 1	15,538,300
Related Parties 2	$ 155,383
Related Parties 3	$ 0.01