10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.20549

Form 10-Q

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

For the quarterly period ended September 30, 2014

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

Commission File Number 333-139008

GREAT CHINA MANIA HOLDINGS, INC.

(Exact Name of Registrant as Specified in Its Charter)

Florida	59-2318378
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

Room 1902, 19/F., Kodak House II,
321 Java Road, Hong Kong	n/a
(Address of principal executive offices)	(Zip Code)

(852) 3543-1208

(Registrant’s telephone number, including area code)

Indicate by check mark whether the issuer (1) 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 T 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 o 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 definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Ruble 12b-2 of the Exchange Act.

Large accelerated filer   £	Accelerated filer £
Non-accelerated filer  £ (Do not check if a smaller reporting company)	Smaller reporting company  T

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

The number of shares of Common Stock, $0.01 par value, outstanding on November 11, 2014 was 26,433,094.

GREAT CHINA MANIA HOLDINGS, INC. AND SUBSIDIARIES

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION
Item 1	Financial Statements
	Condensed Consolidated Balance Sheets, September 30, 2014 (Unaudited) and December 31, 2013 (Audited)
	Condensed Consolidated Statements of Operations and Comprehensive Income for the Three months and Nine months ended September 30, 2014 and 2013 (Unaudited)
	Condensed Consolidated Statements of Cash Flows for the Nine months ended September 30, 2014 and 2013 (Unaudited)
	Notes to the Unaudited Condensed Consolidated Financial Statements
Item 2	Management’s Discussion and Analysis or Plan of Operation
Item 3	Quantitative and Qualitative Disclosures about Market Risk
Item 4	Controls and Procedures
PART II – OTHER INFORMATION
Item 1	Legal Proceedings
Item 2	Unregistered Sales Of Equity Securities And Use Of Proceeds
Item 3	Defaults Upon Senior Securities
Item 4	Mine Safety Disclosures
Item 5	Other Information
Item 6	Exhibits
SIGNATURES

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

GREAT CHINA MANIA HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

	September 30, 2014 (Unaudited)			December 31, 2013 (Audited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	432,548		$	640,383
Accounts receivable		259,793			288,195
Short term loan receivable		114,195			113,883
Prepaid expenses and other receivables		335,738			185,235
Assets held for disposal		-			495,000
Total current assets		1,142,274			1,722,696
Property, plant and equipment		-			-
Intangible asset		170,000			-
Other assets		115,380			115,380
TOTAL ASSETS	$	1,427,654		$	1,838,076
LIABILITIES AND EQUITY
LIABILITIES
CURRENT LIABILITIES
Accounts payable		428,091			759,126
Accrued expenses and other payables		2,514			183,874
Unearned revenue		496,765			123,648
Short-term borrowings		115,447			64,079
Convertible note payable		88,333			99,351
Total current liabilities		1,131,150			1,230,078
LONG-TERM LIABILITIES
Long-term Convertible note		31,301			31,301
		31,301			31,301
TOTAL LIABILITIES	$	1,162,451		$	1,261,379
SHAREHOLDERS’ EQUITY
Common stock, par value $0.01; 375,000,000 shares authorized; 25,974,317 and 5,619,926 shares issued and outstanding as of September 30, 2014 and December 31, 2013, respectively		259,743			56,199
Additional paid in capital		9,484,643			9,909,359
Accumulated deficits		(9,480,675	)		(9,390,353	)
Accumulated other comprehensive income		1,492			1,492
TOTAL SHAREHOLDERS’ EQUITY		265,203			576,697
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,427,654		$	1,838,076

See accompanying notes to condensed consolidated financial statements.

GREAT CHINA MANIA HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE INCOME (UNAUDITED)

	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013
CONTINUING OPERATIONS
REVENUES	$	571,270		$	470,279		$	1,390,900		$	1,455,059
COST OF SALES		400,988			338,243			899,125			924,716
GROSS PROFIT		170,282			132,036			491,775			530,343
EXPENSES
Sales & marketing expenses		10,748			7,828			32,999			29,657
General and administrative		182,549			604,448			565,888			1,342,300
TOTAL OPERATING EXPENSES		193,297			612,276			598,887			1,371,957
LOSS FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES		(23,015	)		(480,240	)		(107,112	)		(841,614	)
OTHER INCOME/(EXPENSE)
Other income		19,192			3,588			31,158			8,781
Interest expense		-			(32,795	)		-			(98,517	)
Other expenses		(2,131	)		(70,296	)		(14,368	)		(84,276	)
TOTAL OTHER EXPENSE		17,061			(99,503	)		16,790			(174,012	)
NET LOSS BEFORE PROVISION FOR INCOME TAXES		(5,954	)		(579,743	)		(90,322	)		(1,015,626	)
PROVISION FOR INCOME TAXES		-			-			-			-
NET LOSS FROM CONTINUING OPERATIONS	$	(5,954	)	$	(579,743	)	$	(90,322	)	$	(1,015,626	)
DISCONTINUED OPERATIONS
Net loss		-			-			-			(501,965	)
Gain on disposal of discontinued operations		-			-			-			697,649
NET INCOME / (LOSS) FROM DISCONTINUED OPERATIONS	$	-		$	-		$	-		$	195,684
NET INCOME/ (LOSS) FOR THE PERIOD	$	(5,954	)	$	(579,743	)	$	(90,322	)	$	(819,942	)
OTHER COMPREHENSIVE INCOME		-			-			-			-
TOTAL COMPREHENSIVE INCOME / (LOSS) FOR THE PERIOD
Arising from continuing operations		(5,954	)		(579,743	)		(90,322	)		(1,015,626	)
Arising from discontinued operations		-			-			-			195,684
	$	(5,954	)	$	$(579,743	)	$	(90,322	)	$	(819,942	)
LOSS PER SHARE, BASIC AND DILUTED – CONTINUING OPERATIONS	$	0.00		$	(0.11	)	$	(0.00	)		(0.24	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC AND DILUTED		25,878,660			4,572,250			24,559,306			4,327,951

See accompanying notes to condensed consolidated financial statements.

GREAT CHINA MANIA HOLDINGS, INC.AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

	For the nine months ended September 30,
	2014			2013
Cash flows from operating activities
Net loss from continuing operations	$	(90,322	)	$	(1,015,626	)
Amortization of discount on Convertible Note		-			66,936
Accrued interest expense		-			31,581
Amortization of intangible asset		30,000			-
Net gain on asset hold for disposal		(5,000	)		-
Gain on conversion of debt notes into shares		(11,018	)		-
Share based payments		-			762,363
Changes in operating assets and liabilities:
Decrease / (Increase) in accounts receivable		28,402			(118,241	)
Increase in prepaid expenses and other receivables		(150,503	)		(173,302	)
(Decrease) / Increase in accounts payable		(331,035	)		211,277
Increase in unearned revenue		373,117			120,869
(Decrease) / Increase in accrued expenses and other payables		(181,359	)		87,931
Net cash (used in)/provided by continuing operating activities		(337,718	)		(26,212	)
Net cash used in discontinued operating activities		-			(370,745	)
Net cash (used in) / provided by operating activities		(337,718	)		(396,957	)
Cash flows from investing activities
Net cash used in continuing investing activities		-			-
Net cash used in discontinued investing activities		-			(1,282	)
Net cash used in investing activities		-			(1,282	)
Cash flows from financing activities
Decrease in subscription receivable		-			445,077
Advance from short-term borrowings		114,463			57,690
Advance to short-term loan receivable		(312	)		-
Issuance of shares capital		15,732			-
Issuance of convertible note		-			100,000
Repayment of convertible note		-			(125,859	)
Net cash provided by / (used in) continuing financing activities		129,883			476,908
Net cash provided by / (used in) discontinued financing activities		-			327,915
Net cash provided by / (used in) financing activities		129,883			804,823
Net increase / (decrease) in cash and cash equivalents
Continuing operations		(207,835	)		450,696
Discontinued operations		-			(44,112	)
		(207,835	)		406,584
Cash and cash equivalents at beginning of period
Continuing operations		640,383			174,661
Discontinued operations		-			44,112
		640,383			218,773
Cash and cash equivalents at end of period
Continuing operations		432,548			625,357
Discontinued operations		-			-
	$	432,548		$	625,357
Supplemental disclosure of cash flows information:
Non cash financing activities:
Conversion of debt to shares	$	63,096		$	136,380
Shares cancelled for disposal of an subsidiary		-			(54,000	)
Shares cancelled for disposal of asset		(500,000	)		-
Issuance of shares for acquisition of asset		200,000			-

See accompanying notes to condensed consolidated financial statements.

GREAT CHINA MANIA HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

SEPTEMBER 30, 2014

NOTE 1 – ORGANIZATION AND PRINCIPAL ACTIVITIES

Great China Mania Holdings, Inc. (“GMEC” or the “Company”) was incorporated in Florida on July 8, 1983 and adopted the current name on March 16, 2011. In February 2011, the Company formed a subsidiary GME Holdings Limited (“GMEH”) that specialized in artist and event management services operation. In June 2011, the Company formed another subsidiary GMEC Ventures Limited (“GMEV”), a Hong Kong company, and maintained for holding future investment if any. In January 2014, the Company formed another subsidiary GME Distribution Workshop Limited (“GMED”), a Hong Kong company, to manage and maintain the movie-related business. The Company held those subsidiaries though a wholly-owned BVI companies known as Super China Global Limited (SCGL).

On May 21, 2014, the Company signed  a letter of intent with Concept X Limited (“Concept X”) for the proposed acquisition of its 100% equity interest. On September 2, 2014, the Company has entered into a definitive material agreement with Concept X for the acquisition of 100% of the issued and outstanding shares of the company.The closing of the Agreement is subject to the following closing conditions: (1) Due diligence review; (2) all existing unsettled loans and debts of Concept X will be transferred to a third party; (3) cancel all payables and loans owed to shareholder and shareholder’s affiliate; and (4) the shareholder of Concept X assumes the liabilities of the net trade payables as of the date of completion of acquisition.

On October 8, 2014, GMEC entered into a shareholder agreement with an individual, to form two joint venture subsidiaries in Malaysia and Hong Kong in the field of film casting, model management, model scouting and event management.  As of the date of the filing of this quarterly report the joint ventures have not been established.

On October 14, 2014, GMEC entered into a shareholder agreement with an individual to form two joint venture subsidiaries in Shanghai and Sydney in the field of model management, model scouting and event management.  As of the date of the filing of this quarterly report the joint ventures have not been established.

NOTE 2 – PRINCIPLES OF CONSOLIDATION

The unaudited interim financial statements of the Company and the Company’s subsidiaries (see Note 1) for the three and nine months ended September 30, 2014 and 2013 have been prepared pursuant to the rules & regulations of the SEC. Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the following disclosures are adequate to make the information presented not misleading.  All significant intercompany balances and transactions have been eliminated. The functional currency for the majority of the Company’s operations is the Hong Kong Dollar (HKD) for three and nine months ended September 30, 2014 and 2013, while the reporting currency is the US Dollar.

In the opinion of management, the accompanying condensed consolidated financial statements contain all adjustments, consisting only of normal recurring accruals, necessary for a fair presentation of the Company’s financial position as of September 30, 2014, the results of its operations and cash flows for the three and nine months ended for September 30, 2014 and 2013.

The results of operations for the three and nine months ended September 30, 2014 are not necessarily indicative of the results for a full year period.

The accompanying unaudited consolidated financial statements and the following notes should be read in conjunction with the audited consolidated financial statements and the notes thereto in the Company’s Form 10-K for the year ended December 31, 2013.

NOTE 3– SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a)           Economic and political risk

The Company’s continuing operations and discontinued operations are conducted in Hong Kong. Accordingly, the political, economic, and legal environments in the Hong Kong may influence the Company’s business, financial condition, and results of operations.

The Company’s major operations in Hong Kong are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic, and legal environment. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, and rates and methods of taxation, among other things.

(b)           Cash and cash equivalents

The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents.  The Company’s continued operations maintain bank accounts in Hong Kong. The Company’s discontinued operations maintain bank accounts in Hong Kong.

(c)           Income tax

Income taxes are based on pre-tax financial accounting income. Deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts. The Company periodically assesses the need to establish valuation allowances against its deferred tax assets to the extent the Company no longer believes it is more likely than not that the tax assets will be fully utilized.

The Company evaluates a tax position to determine whether it is more likely than not that the tax position will be sustained upon examination, based upon the technical merits of the position. A tax position that meets the more-likely-than-not recognition threshold is subject to a measurement assessment to determine the amount of benefit to recognize and the appropriate reserve to establish, if any. If a tax position does not meet the more-likely-than-not recognition threshold, no benefit is recognized.

In accordance with the relevant tax laws and regulations of Hong Kong, the applicable corporation income tax rate was 16.5% on assessable profits, if any, for the periods ended September 30, 2014 and 2013, respectively.

(d)           Fair value of financial instruments

The Company’s financial instruments primarily consist of cash and cash equivalents, amount due from a related company, prepaid expenses and other receivables, accounts payable, accrued expenses and other payables, receipt in advance, taxes payable and amount due to a related party.

The estimated fair value amounts have been determined by the Company, using available market information or other appropriate valuation methodologies. However, considerable judgment is required in interpreting market data to develop estimates of fair value. Consequently, the estimates are not necessarily indicative of the amounts that could be realized or would be paid in a current market exchange.

As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented, due to the short maturities of these instruments and the fact that the interest rates on the borrowings approximate those that would have been available for loans of similar remaining maturity and risk profiles at respective year ends.

(e)           Revenue recognition

Revenue represents the invoiced value of goods sold or services rendered during the year, net of sales discounts and returns. Generally revenue is recognized when all of the following criteria are met:

- Persuasive evidence of an arrangement exists,

- Delivery has occurred or services have been rendered,

- The seller’s price to the buyer is fixed or determinable, and

- Collectability is reasonably assured

Revenue recognition policies for each of the major products and services of continuing operations are illustrated as follows:

(i)	Revenue from provision of artist management, event management, and promotion for its clients is recognized when services are rendered.
(ii)	Revenue from artist-related merchandising is recognized when receipt is confirmed by clients according to the relating predetermined agreements.
(iii)	Revenue from intellectual property rights on CD, DVD and video products is recognized upon delivery of products to customers.

(f)           Earnings per share

Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. As of September 30, 2014 and 2013, there were 469,856 shares and 0 shares of dilutive securities outstanding separately.

(g)           Use of estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 may differ from those estimates.

(h)           Comprehensive income

Comprehensive income is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Among other disclosures, all items that are required to be recognized under current accounting standards as components of comprehensive income are required to be reported in a financial statement that is presented with the same prominence as other financial statements.  Comprehensive income includes net income and the foreign currency translation gain, net of tax.

(i)           Foreign currency translation

The accompanying consolidated financial statements are presented in United States Dollars (US$). The functional currency of the Company is Hong Kong Dollar (HKD). Capital accounts of the consolidated financial statements are translated into United States dollars from HKD at their historical exchange rates when the capital transactions occurred. Assets and liabilities are translated at the exchange rates as of balance sheet date. Income and expenditures are translated at the average exchange rate of the period. The translation rates are as follows:

	September 30,2014		December 31, 2013		September 30,2013
Period end HKD : US$ exchange rate		0.1282		0.1282		0.1282
Average for the period HKD : US$ exchange rate		0.1282		0.1282		0.1282

(j)           Recent accounting pronouncements

The Company reviews new accounting standards as issued. No new standards had any material effect on these financial statements. The accounting pronouncements issued subsequent to the date of these financial statements that were considered significant by management were evaluated for the potential effect on these consolidated financial statements. Management does not believe any of the subsequent pronouncements will have a material effect on these consolidated financial statements as presented and does not anticipate the need for any future restatement of these consolidated financial statements because of the retro-active application of any accounting pronouncements issued subsequent to September 30, 2014 through the date these financial statements were issued.

NOTE 4 – SHORT-TERM LOAN RECEIVABLE

As of September 30, 2014, the short term loan to a third party is bearing interest at 6% per annum with no fixed payment terms. Interest income in conjunction with this short term loan for the nine months ended September 30, 2014 and 2013 was $4,246 and $4,769, respectively.

NOTE 5 – DEPOSITS, PREPAID EXPENSES AND OTHER RECEIVABLES

As of September 30, 2014, the Company’s deposits, prepaid expenses and other receivables are summarized as follows:

	September 30, 2014		December 31, 2013
Prepaid expenses		249,862			108,779
Other receivables		83,270			70,665
Deposits paid		2,606			5,791
Total deposits, prepaid expenses and other receivables	$	335,738		$	185,235

The Company evaluates the amounts recorded as prepaid expenses on a periodic basis and records a charge to the current operations of the Company when the related expense has been incurred.

NOTE 6 – PROPERTY, PLANT AND EQUIPMENT

As of September 30, 2014, the Company’s property, plant and equipment are summarized as follows:

	September 30, 2014		December 31, 2013
At cost:
Computer		9,989		9,989
Less: Accumulated depreciation		9,989		9,989
Property, plant and equipment, net	$	-	$	-

No depreciation expense attributable to the property, plant and equipment of both continuing operations and discontinued operations for the nine months ended September 30, 2014 and 2013 respectively.

NOTE 7 – INTANGIBLE ASSET

As of September 30, 2014, the Company’s intangible asset is summarized as follows:

	September 30, 2014			December 31, 2013
At cost:
Movie and entertainment distribution agreements		200,000			-
Less: Accumulated amortization		(30,000	)		-
Intangible asset, net	$	170,000		$	-

On January 14, 2014, the Company purchased certain overseas movie and entertainment distribution agreements with a consideration of 20,000,000 shares of restricted common stock to a non affiliate individual. This contractual interest stated at par value of $0.01 and valued at $200,000. No impairment loss was recognized for the nine months ended September 30, 2014. Amortization expense attributable to the intangible asset of continuing operations for the nine months ended September 30, 2014 and 2013 was $30,000 and $0 respectively.

NOTE 8 – OTHER ASSET

The Company acquired a 4.5% entity interest of a restaurant that operated in Hong Kong by a non affiliate corporation with a cash consideration of $115,380 on September 25, 2013. This entity interest stated at cost and no impairment losses was recognized for the nine months ended September 30, 2014.

NOTE 9 – ASSET HOLD FOR DISPOSAL

On June 25, 2013, the Company cancelled 500,000 shares of the Company common stock from a non affiliate shareholder to reverse a licensing right granted. A gain of $5,000 was recorded for the nine month ended September 30, 2014.

NOTE 10 – SHORT TERM BORROWINGS

The short-term borrowings are unsecured, interest free advances from a non affiliate individual with no fixed repayment term. During the reporting period, this individual converted a portion of the short term borrowings of $63,096 into 630,960 shares of Company’s common stock.

NOTE 11 – UNEARNED REVENUE

As of September 30, 2014, the Company’s unearned revenue is summarized as follows:

	September 30, 2014		December 31, 2013
Receipt in advance for future artist performance		494,097			113,425
Presales of artist related merchandise		2,668			10,223
Total unearned revenue	$	496,765		$	123,648

No amortization expense attributable to the unearned revenue of continuing operations for the nine months ended September 30, 2014 and 2013 respectively.

NOTE 12 – CONVERTIBLE NOTES

On June 1, 2011, the Company issued a non-interest bearing convertible note in the amount of $256,400 ( “Note 1”) to a third party note holder (“Holder 1”),which matures on May 31, 2016. On September 30, 2011, the first installment of $128,200 was received. Note 1 bears a call back option exercisable by Holder 1 on the unused portion of Note 1 after 12 months from the date of Note 1. Note 1 can be converted into common stock of the Company by Holder 1 under certain conditions. During the year, a total of $0 was repaid by the Company. As of December 31, 2013, Note 1 did not qualify to be converted under those conditions and is therefore not dilutive.

On April 22, 2013, the Company issued another 12% convertible note in the amount of $50,000 (“Note 6”) to Holder 3. Note 6 matured on January 22, 2014 and was fully received on June 14, 2013. The outstanding principal balance plus any accrued interest under Note 6 is convertible into common stock of the Company after 180 days from the date of issued with a 40% discount over the convertible price upon the option of Holder 3. The conversion price is determined by the average prices of the 5 days prior to the Conversion Date. As of September 30, 2014, fair value adjustment on option amounted to $35,333 and unamortized debt discount amount to $0. Debt discount is being amortized using effective interest method over the life of Note 6. For the nine months ended September 30, 2014, the amortization of debt discount of $0 was charged to Statement of Operations. Accrued interest expense of Note 6 for the nine months ended September 30, 2014 was $0. As of September 30, 2014, Note 6 qualified to be converted 469,856 shares of common stock under the conditions of Note 6 and is therefore dilutive.

Total interest expense in connection with other fully repaid convertible notes for the nine months ended September 30, 2014 and 2013 were $0 and $27,865 respectively.

The convertible notes as of the balance sheet date are summarized as follows:

	September 30, 2014		December 31, 2013
Noncurrent liabilities:
Non-interest bearing convertible note	$	31,301	$	31,301
Current liabilities:
12% convertible note 5, net		-		11,018
12% convertible note 6, net (including fair value adjustment on option $ 35,333, accrued interest expense $3,000)		88,333		88,333
		88,333		99,351
Total note outstanding	$	119,634	$	130,652

NOTE 13 – COMMON STOCK AND WEIGHTED AVERAGE NUMBER OF SHARES FOR EARNINGS PER SHARE CALCULATION

On January 7, 2014 the Company issued 95 shares of common stock to round up the variance raised form the reverse split executed.

On January 12, 2014 the Company issued 39,721 shares of common stock at the par value of $0.01 for a cash consideration of $397.

On January 17, 2014 the Company issued 20,000,000 shares of common stock to pursuant to an Agreement valued $200,000 with C&M Film Workshop Limited.

On March 17, 2014 the Company issued 33,615 shares of common stock at the par value of $0.01 for a cash consideration of $335.

On June 25, 2014, the Company cancelled 500,000 shares of common stock from a non affiliate shareholder in exchange of an asset held for disposal.

On July 7, 2014 the Company converted $63,096 short term borrowings into 630,960 shares of common stock of the Company.

On August 8, 2014 the Company issued 150,000 shares of common stock at the par value of $0.01 for a cash consideration of $15,000.

The calculation of common stock as at September 30, 2014 and weighted average number of shares for the nine months ended September 30, 2014 is illustrated as follows:

	Number of shares		Weighted average number of shares
Issued and outstanding as of January 1, 2014		5,619,926		5,619,926

Issuance of share on January 7, 2014 for reverse split executed	95		93
Issuance of share on January 12, 2014 for cash consideration of $397	39,721		38,121
Issuance of share on January 17, 2014 for pursuant to a sales and purchase agreement	20,000,000		18,827,839
Issuance of share on March 17, 2014 for cash consideration of $335	33,615		24,380
Forfeiture of shares on June 25, 2014 for disposal of asset	(500,000	)	(179,487	)
Issuance of share on July 7, 2014 for debt conversion	630,960		198,764
Issuance of share on August 8, 2014 for cash consideration of $15,000	150,000		29,670
Issued and outstanding as of September 30, 2014	25,974,317		24,559,306

NOTE 14 – INTEREST EXPENSE

Interest expense for the nine months ended September 30, 2014 and 2013 are summarized as follows:

	2014		2013
Amortization on discount of convertible note	$	-	$	66,936
Accrued interest on convertible note		-		31,581
Total	$	-	$	98,517

NOTE 15 – CONTINGENCIES AND COMMITMENTS

At September 30, 2014, the expected annual lease payments under the Company and its subsidiaries’ operating leases are as follows:

For the year ended December 31,
2014	24,141
2015	96,564
Total	120,705

NOTE 16- GOING CONCERN

As of September 30, 2014 the Company has accumulated deficits of $9,480,675 a positive working capital of $11,124, and also recorded a net loss from the continuing operations of $90,322 for the nine months then ended.

As of September 30, 2014 we may need additional cash resources to operate during the upcoming 12 months, and the continuation of the Company may dependent upon the continuing financial support of investors, directors and/or stockholders of the Company. We intends to attempt to acquire additional operating capital through private equity offerings to the public and existing investors to fund its business plan. However, there is no assurance that equity or debt offerings will be successful in raising sufficient funds to assure the eventual profitability of the Company. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

NOTE 17 –SUBSEQUENT EVENTS

On October 8, 2014, the Company entered into a shareholder agreement with an individual to form two joint venture subsidiaries in Malaysia and Hong Kong in the field of film casting, models management, models scouting and event management.

On October 14, 2014, the Company entered into a shareholder agreement with another individual to form two joint venture subsidiaries in Shanghai and Sydney in the field of models management, models scouting and event management.

On October 22, 2014 the Company converted $41,290 short term borrowings into 458,777 shares of common stock of the Company.

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

Note regarding forward – looking statements

This quarterly report contains forward-looking statements within the meaning of the federal securities laws. These include statements about our expectations, beliefs, intentions or strategies for the future, which we indicate by words or phrases such as "anticipate", "expect", "intend", "plan", "will", "we believe", "the Company believes", "management believes" and similar language. The forward-looking statements are based on the current expectations of the Company and are subject to certain risks, uncertainties and assumptions, including those set forth in the discussion under "Management's Discussion and Analysis of Financial Condition and Results of Operations" in this report. The actual results may differ materially from results anticipated in these forward-looking statements. We base the forward-looking statements on information currently available to us, and we assume no obligation to update them.

Investors are also advised to refer to the information in our filings with the Securities and Exchange Commission, specifically Forms 10-K, 10-Q and 8-K, in which we discuss in more detail various important factors that could cause actual results to differ from expected or historic results. It is not possible to foresee or identify all such factors. As such, investors should not consider any list of such factors to be an exhaustive statement of all risks and uncertainties or potentially inaccurate assumptions.

Except as otherwise indicated by the context, references in this Form 10-K to “we”, “us”, “our”, “the Registrant”, “our Company” or “the Company” are to Great China Mania Holdings, Inc., a Florida corporation and its consolidated subsidiaries. Unless the context otherwise requires, all references to (i) “BVI” are to British Virgin Islands; (ii) “PRC” and “China” are to the People’s Republic of China; (iii) “U.S. dollar”, “$” and “US$” are to United States dollars; (iv) “HKD” are to the Hong Kong Dollar; (v) “Securities Act” are to the Securities Act of 1933, as amended; and (vi) “Exchange Act” are to the Securities Exchange Act of 1934, as amended.

Critical Accounting Policies and Estimates

Our financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States ("US GAAP"). US GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenues and expenses amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our use of estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.

We believe the following is among the most critical accounting policies that impact our consolidated financial statements. We suggest that our significant accounting policies, as described in our consolidated financial statements in the Summary of Significant Accounting Policies, be read in conjunction with this Management's Discussion and Analysis of Financial Condition and Results of Operations.

We recognize revenue in accordance with Staff Accounting Bulletin ("SAB") No. 104. All of the following criteria must exist in order for us to recognize revenue:

1. Persuasive evidence of an arrangement exists;

2. Delivery has occurred;

3. The seller's price to the buyer is fixed or determinable; and

4. Collectability is reasonably assured.

Revenue recognition policies for each of the major products and services of continuing operations are illustrated as follows:

(i)	Revenue from provision of artist management, event management, and promotion for its clients is recognized when services are rendered.
(ii)	Revenue from artist-related merchandising is recognized when receipt is confirmed by clients according to the relating predetermined agreements.
(iii)	Revenue from intellectual property rights on CD, DVD and video products is recognized upon delivery of products to customers.

Based on these factors, the Company believes that it can apply the provisions of SAB 104 with minimal subjectivity.

Our estimate of the reliability of the deferred tax assets will change as the Company becomes more profitable.

Recent Accounting Pronouncements

The Company does not expect that the adoption of any recent accounting pronouncements will have any material impact on its financial statements.

Results of Continuing Operations – Three Months Ended September 30, 2014 as Compared to Three Months Ended September 30, 2013.

The following table summarizes the results of our continuing operations during the three-month period ended September 30, 2014 and 2013, and provides information regarding the dollar and percentage increase / (decrease) from the three-month period ended September 30, 2013 to the three-month period ended September 30, 2014.

	Three months ended September 30,
	2013						Increase / (decrease)			% Change
Revenue	$	571,270		$	470,279		$	100,991			21.47	%
Cost of sales		400,988			338,243			62,745			18.55	%
Gross profit		170,282			132,036			38,246			28.97	%
Sales & marketing		10,748			7,828			2,920			37.30	%
General & administrative		182,549			604,448			(423,513	)		(69.80	%)
Loss from operations		(23,015	)		(480,240	)		457,225			95.21	%
Other expense		17,061			(99,503	)		116,564			117.15	%
Income tax expenses		-			-			-			N/A
Net income/(loss) from continuing operations	$	(5,954	)	$	(579,743	)	$	573,789			98.97	%

Revenues

Revenues increased by $100,991 to $571,270 for the three months ended September 30, 2014 as compared to $470,279 for the same period in 2013, representing a 21.47% increase. The increase in revenue was mainly due to 1.) the increase of $76,920 generated by a new sales contract, and 2.) the increase of $24,071 due to the volume increase of overseas artists’ performance.

Cost of sales

Cost of sales increased by $ 62,745 to $400,988 for the three months ended September 30, 2014 as compared to $338,243 for the same period in 2013, representing a 18.55% increase. The increases were mainly due to the increase of artist fee by $63,593 and other direct cost by $7,833 in aggregate offset by the decrease of referral fee by $8,681.

Gross margin

Gross margin increased by $38,246 to $170,282 for the three months ended September 30, 2014 as compared to $132,036 for the same period in 2013, representing a 28.97% increase. The increase was mainly due to 1.) the increase of the revenue by $100,991, and 2.) the decrease of referral fee by $8,681 offset by 3.) the increase of artist fee by $63,593 and 4.) other direct cost by $7,833 in aggregate in the same period.

Sales & marketing expenses

Sales & marketing expenses increased by $2,920 to $10,478 for the three months ended September 30, 2014 as compared to $7,828 for the same period in 2013. The increase was mainly due to the increase of advertising expenses by $6,964 offset by the decrease of other sales & marketing expenses by $4,044 in aggregate.

General and administrative

The following table summarizes general and administrative expenses during the three-month period ended September 30, 2014 and 2013, and provides information regarding the dollar and percentage increase / (decrease) from the three-month period ended September 30, 2013 to the three-month period ended September 30, 2014.

	Three months ended September 30,
	2014		2013		Increase (decrease)			% Change
Payroll cost		109,364		111,070		(1,706	)		(1.54	%)

Rental expenses	27,698	30,843	(3,145	)	(10.20	%)
Legal and professional fee	31,284	459,122	(427,838	)	(93.19	%)
Miscellaneous	14,203	3,413	10,790		316.14	%
	182,549	604,448	(421,899	)	(69.80	%)

Payroll cost decreased by $1,706 to $109,364 for the three months ended September 30, 2014 as compared to $111,070 for the same period in 2013, representing a 1.54% decrease. The decrease was mainly due to the decrease of number of staffs during the period.

Rental expenses decreased by $3,145 to $27,698 for the three months ended September 30, 2014 as compared to $30,843 for the same period in 2013, representing a 10.20% decrease. The decrease was mainly due to rent saved by the relocation of Guangzhou office in December 2013.

Legal and professional fee decreased by $427,838 to $31,284 for the three months ended September 30, 2014 as compared to $459,122 for the same period in 2013, representing a 93.19% decrease. The decrease was mainly due to the saving of 1.) a business development consultation fee by $356,368, 2.) a legal consultation fee by $31,225, 3.) legal cost relating to convertible note by $5,000, and 4.) press release expenses by $42,775 offset by the increase of legal related disbursement by $7,530 in aggregate.

Miscellaneous expenses increased by $10,790 to $14,203 for the three months ended September 30, 2014 as compared to $3,413 for the same period in 2013, representing a 316.14% increase. The increase was mainly due to the increase of amortization expense $10,000 and all other expenses of $790 in aggregate.

Net income / (loss) from continuing operations

Net income from continuing operations decreased by $573,789 to a net loss of $5,954 for the three months ended September 30, 2014 as compared to a net loss of $579,743 for the same period in 2013.

Results of Continuing Operations – Nine months Ended September 30, 2014 as Compared to Nine months Ended September 30, 2013.

The following table summarizes the results of our continuing operations during the nine-month period ended September 30, 2014 and 2013, and provides information regarding the dollar and percentage increase / (decrease) from the nine-month period ended September 30, 2013 to the nine-month period ended September 30, 2014.

	Nine months ended September 30,
	2014			2013			Increase (decrease)			% Change
Revenue	$	1,390,900		$	1,455,059		$	(64,159	)		(4.41	%)
Cost of sales		899,125			924,716			(25,591	)		(2.77	%)
Gross profit		491,775			530,343			(38,568	)		(7.27	%)
Sales & marketing		32,999			29,657			3,342			11.27	%
General & administrative		565,888			1,342,300			(776,412	)		(57.84	%)
Loss from operations		(107,112	)		(841,614	)		734,502			87.27	%
Other income (expense)		16,790			(174,012	)		190,802			109.65	%
Provision for taxation		-			-			-			N/A
Net income/(loss) from continuing operations	$	(90,322	)	$	(1,015,626	)	$	925,304			91.11	%

Revenues

Revenues decreased by $64,159 to $1,390,900 for the nine months ended September 30, 2014 as compared to $1,455,059 for the same period in 2013. The decrease in revenue was mainly due to the loss of a material sales contract values $120,312 in the second quarter of 2014 and the decrease of overseas promotion events revenue by $20,767 in aggregate offset by a new sales contract values $76,920 closed in the third quarter 2014.

Cost of sales

Cost of sales decreased by $25,591 to $899,125 for the nine months ended September 30, 2014 as compared to $924,716 for the same period in 2013.The decrease of cost of sales was mainly due to the increase of referral fee and other direct cost by $3,236 and $27,838 separately offset by the decrease of artist fee by $56,665.

Gross margin

Gross margin increased by $38,568 to $491,775 for the nine months ended September 30, 2014 as compared to $530,343 for the same period in 2013. The increase of gross margin was mainly due to the decrease of artist fee by $56,665 offset by 1.) the decrease of revenue by $64,159, 2.) the increase of referral fee by $3,236 and 3.) the increase of other direct cost by $27,838 in aggregate in the same period.

Sales & marketing expenses

Sales & marketing expenses increased by $3,342 to $32,999 for the nine months ended September 30, 2014 as compared to $29,657 for the same period in 2013. The increase was mainly due to the increase of advertising expenses by $22,083 offset by the decrease of other sales & marketing expenses by $19,284 in aggregate.

General and administrative

The following table summarizes general and administrative expenses during the nine-month period ended September 30, 2014 and 2013, and provides information regarding the dollar and percentage increase / (decrease) from the nine-month period ended September 30, 2013 to the nine-month period ended September 30, 2014.

	Nine months ended September 30,
	2014		2013		Increase (decrease)			% Change
Payroll cost		383,938		357,497		26,441			7.40	%
Rental expenses		79,429		89,867		(10,438	)		(11.61	%)
Legal and professional fee		52,589		875,861		(823,272	)		(94.00	%)
Miscellaneous		49,932		19,075		30,857			161.77	%
		565,888		1,342,300		(776,412	)		(57.84	%)

Payroll cost increased by $26,441 to $383,938 for the nine months ended September 30, 2014 as compared to $357,497 for the same period in 2013, representing a 7.40% increase. The increase was mainly due to the salary adjustment of employees newly recruited in the first quarter of 2014.

Rental expenses decreased by $10,438 to $79,429 for nine months ended September 30, 2014 as compared to $89,867 for the same period in 2013, representing a % decrease. The decrease was mainly due to rent saved by the relocation of Guangzhou office in December 2013.

Legal and professional fee decreased by $823,272 to $52,589 for the nine months ended September 30, 2014 as compared to $875,861 for the same period in 2013, representing a 94.00% decrease. The decrease was mainly due to the savings of: 1.) business development consultation fee by $662,368 2.) transfer agency expenses by $1,717, 3.) legal consultation fee by $52,594, 4.) press releasing expenses by $98,061 and 5.) legal related disbursement by $8,532 in aggregate.

Miscellaneous expenses increased by $30,857 to $49,932 for the nine months ended September 30, 2014 as compared to $19,075 for the same period in 2013, representing a 161.77% increase. The increase was mainly due to the increase of amortization expense $30,000 and all other expenses of $857 in aggregate.

Net loss from continuing operations

Net loss from continuing operations decreased by $925,304 to a net loss of $90,322 for the nine months ended September 30, 2014 as compared to $1,015,626 for the same period in 2013.

Liquidity and Capital Resources

Cash

Our cash balance as of September 30, 2014 was $432,548 representing a decrease of $192,809 as compared to $640,383 as of December 31, 2013.

Cash flow

Operating Activities

Net cash used in operating activities for the nine months ended September 30, 2014 amounted to $337,718 compared to net cash provided by operating activities of $26,212 in the same period of 2013. The change of $311,506 was mainly due to: 1.) a decrease of $925,304 in net loss, 2.) $30,000 in amortization expenses, 3.) an increase of $146,643 in trade and other receivable and 4.) an increase of $252,248 in unearned revenue offset by 5.) $5,000 in gain on disposal of asset, 6.) a decrease of $31,581 in net interest payable, 7.) a decrease of $66,936 in amortization of discount on convertible notes, 8.) a decrease of $762,363 in share based payment, and 9.) a decrease of $811,602 in trade and other payable.

Financing Activities

Net cash provided by financing activities for the nine months ended September 30, 2014 amounted to $129,883 compared to $476,908 for the same period of 2013. The change of $347,025 was primarily due to the net proceeds from the short term borrowing $56,416 and the issuance of 223,336 shares by $15,732 for the nine months ended September 30, 2014 in compared to the net proceeds from convertible loan $100,000 and subscription receivable by $445,077 offset by the net repayment of short term borrowing $125,859 in the same period of 2013.

Working capital

Our working capital decreased by $481,494 to $11,124 as of September 30, 2014 as compared to $492,618 as of December 31, 2013 .

As of September 30, 2014 we may need additional cash resources to operate during the upcoming 12 months, and the continuation of the Company may dependent upon the continuing financial support of investors, directors and/or stockholders of the Company. We intends to attempt to acquire additional operating capital through private equity offerings to the public and existing investors to fund its business plan. However, there is no assurance that equity or debt offerings will be successful in raising sufficient funds to assure the eventual profitability of the Company. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

Off-Balance Sheet Arrangements

We do not have any off balance sheet arrangements

Inflation

Inflation does not have a material impact on our business and we do not expect inflation to have an impact on our business in the near future

Currency Exchange Fluctuations

All of the Company’s revenues and a majority of its expenses in the nine months ended September 30, 2014 were denominated in HKD and were converted into US dollars at the exchange rate of 7.8 to 1. There can be no assurance that HKD-to-U.S. dollar exchange rates will remain stable. A devaluation of HKD relative to the U.S. dollar would adversely affect our business, consolidated financial condition and results of operations. We do not engage in currency hedging.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

This item is not applicable as we are currently considered a smaller reporting company.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) that are designed to ensure that information required to be disclosed by us in reports that we file under the Exchange Act is recorded, processed, summarized and reported as specified in the SEC’s rules and forms and that such information required to be disclosed by us in reports that we file under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer, and our Principal Accounting Officer, to allow timely decisions regarding required disclosure. Management, with the participation of our Chief Executive Officer and Principal Accounting Officer, performed an evaluation of the effectiveness of our disclosure controls and procedures as of September 30, 2014. Based on that evaluation and as described below under “Management’s Report on Internal Control over Financial Reporting”, we have identified a material weakness in our internal control over financial reporting.

Control Over Financial Reporting”, we have identified a material weakness in our internal control over financial reporting. As a result of this material weakness and as a result of our failure to identify this material weakness in our internal control over financial reporting as a material weakness in our disclosure controls and procedures, our management, including our Chief Executive Officer and Principal Accounting Officer, concluded that our disclosure controls and procedures were not effective as of September 30, 2014.

Changes in Internal Control over Financial Reporting

Our Chief Executive Officer and Principal Accounting Officer have indicated that there were significant changes in our internal controls or other factors that could significantly affect such controls subsequent to the date of their evaluation, and there were such control actions with regard to significant deficiencies and material weaknesses. We have performed, among others, the following actions:

· additional training of our accounting personnel by our independent accountants of the proper format and compilation of data for US GAAP financial statements; and

· additional coordination with our local accountants and auditors to strengthen our controls in an attempt to supplement the additional training of our employees.

PART II--OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

We are not presently a party to any material litigation, nor to the knowledge of management is any litigation threatened against us, which may materially affect us.

ITEM 1A. RISK FACTORS

No material change since the filing of the 10-K on April 14, 2014.

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

On January 7, 2014 the Company issued 95 shares of common stock to round up the variance raised form the reverse split executed.

On January 12, 2014 the Company issued 39,721 shares of common stock at the par value of $0.01 for a cash consideration of $397.

On January 17, 2014 the Company issued 20,000,000 shares of common stock to pursuant to an Agreement valued $200,000 with C&M Film Workshop Limited.

On March 17, 2014 the Company issued 33,615 shares of common stock at the par value of $0.01 for a cash consideration of $335.

On June 25, 2014, the Company cancelled 500,000 shares of common stock from a non affiliate shareholder in exchange of an asset held for disposal.

On July 7, 2014 the Company converted $63,095 short term borrowings into 630,960 shares of common stock of the Company.

On August 8, 2014 the Company issued 150,000 shares of common stock at the par value of $0.01 for a cash consideration of $15,000.

On October 22, 2014 the Company converted $41,290 short term borrowings into 458,777 shares of common stock of the Company.

Issuer Purchases of Equity Securities

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURE

Not applicable

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS.

Exhibit Number	Description
31.1	Certification of Chief Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of Chief Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Chief Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

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.

GREAT CHINA MANIA HOLDINGS, INC.

(Registrant)

By:            /S/ Kwong Kwan Yin Roy                                                                

Kwong Kwan Yin Roy

Chief Executive Officer and Director

Date: November 11, 2014

By:           /S/ Kwong Kwan Yin Roy                                                                

Kwong Kwan Yin Roy

Chief Financial Officer

Date: November 11, 2014

EX-31.1

Exhibit 31.1

CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER OF

GREAT CHINA MANIA HOLDINGS

PURSUANT TO § 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Kwong Kwan Yin Roy., certify that:

1. I have reviewed this quarterly report on Form 10-Q for the period ended September 30, 2014 of Great China Mania Holdings, Inc.;

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 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 officer 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 the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant 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.

November 11, 2014	/S/ Kwong Kwan Yin Roy..
	Kwong Kwan Yin Roy. Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION OF THE CHIEF FINANCIAL OFFICER OF

GREAT CHINA MANIA HOLDINGS, INC.

PURSUANT TO § 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Kwong Kwan Yin Roy., certify that:

1. I have reviewed this quarterly report on Form 10-Q for the period ended September 30, 2014 of Great China Mania Holdings, Inc.;

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 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 officer 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 the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant 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.

November 11, 2014	/S/ Kwong Kwan Yin Roy.
	Kwong Kwan Yin Roy. Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER OF

GREAT CHINA MANIA HOLDINGS, INC.

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

§ 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Great China Mania Holdings, Inc. (the “Company”) on Form 10-Q for the period ended September 30, 2014, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Kwong Kwan Yin Roy., Chief Executive Officer of the Company, do hereby certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, based on my knowledge, that:

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.

        /S/ Kwong Kwan Yin Roy.

Kwong Kwan Yin Roy.

Chief Executive Officer

November 11, 2014

This certification accompanies the Report pursuant to § 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of §18 of the Securities Exchange Act of 1934, as amended.

EX-32.2

Exhibit 32.2

CERTIFICATION OF THE CHIEF FINANCIAL OFFICER OF

GREAT CHINA MANIA HOLDINGS, INC.

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

§ 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Great China Mania Holdings, Inc. (the “Company”) on Form 10-Q for the period ended September 30, 2014, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Kwong Kwan Yin Roy., Acting Principal Financial Officer of the Company, do hereby certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, based on my knowledge, that:

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.

        /S/ Kwong Kwan Yin Roy.

Kwong Kwan Yin Roy.

Chief Financial Officer

November 11, 2014

This certification accompanies the Report pursuant to § 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of §18 of the Securities Exchange Act of 1934, as amended.

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Note 6 - Property, Plant and Equipment: Property, Plant and Equipment (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
At cost:
Less: Accumulated depreciation	$ 9,989	$ 9,989
Property, plant and equipment, net
Computer Equipment
At cost:
Property, Plant and Equipment, Gross	$ 9,989	$ 9,989

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Note 16- Going Concern (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Details
Accumulated deficits	$ (9,480,675)		$ (9,480,675)		$ (9,390,353)
Working Capital			11,124
NET LOSS FROM CONTINUING OPERATIONS	$ (5,954)	$ (579,743)	$ (90,322)	$ (1,015,626)

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Note 12 - Convertible Notes (Details) (USD $)	3 Months Ended	9 Months Ended					12 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014 Convertible Debt Securities	Sep. 30, 2013 Convertible Debt Securities	Sep. 30, 2014 Note 1	Dec. 31, 2011 Note 1	Jun. 01, 2011 Note 1	Sep. 30, 2014 Note 6	Feb. 22, 2013 Note 6
Debt Instrument, Face Amount								$ 256,400		$ 50,000
Issuance of convertible note			100,000				128,200
Debt Instrument, Call Feature						Note 1 bears a call back option exercisable by Holder 1 on the unused portion of Note 1 after 12 months from the date of Note 1.
Repayment of convertible note			125,859			0
Debt Instrument, Interest Rate, Stated Percentage										12.00%
Debt Instrument, Convertible, Terms of Conversion Feature									The outstanding principal balance plus any accrued interest under Note 6 is convertible into common stock of the Company after 180 days from the date of issued with a 40% discount over the convertible price upon the option of Holder 3. The conversion price is determined by the average prices of the 5 days prior to the Conversion Date.
Debt Instrument, Fair Value Disclosure									35,333
Debt Instrument, Unamortized Discount									0
Amortization on discount of convertible note		0	66,936						0
Interest expense	$ 32,795	$ 0	$ 98,517	$ 0	$ 27,865				$ 0
Dilutive Common Stock Shares Attributable to Convertible Note									469,856

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Note 17 -Subsequent Events (Details) (USD $)	9 Months Ended			0 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014 Common Stock	Oct. 22, 2014 Subsequent Event	Oct. 22, 2014 Subsequent Event Common Stock
Debt Conversion, Original Debt Amount	$ 63,096	$ 136,380		$ (41,290)
Debt Conversion, Shares Issued			630,960		(458,777)

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Note 11 - Unearned Revenue: Schedule of Unearned Revenue (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Unearned revenue	$ 496,765	$ 123,648
Receipt in advance for future artist performance
Unearned revenue	494,097	113,425
Presales of artist related merchandise
Unearned revenue	$ 2,668	$ 10,223

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Note 1 - Organization and Principal Activities (Details)	9 Months Ended
	Sep. 30, 2014
Incorporation Date	Jul. 08, 1983
Concept X Limited
Proposed acquisition equity interest	100.00%

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Note 5 - Deposits, Prepaid Expenses and Other Receivables: Schedule of Deposits, Prepaid Expenses and Other Receivables (Tables)

9 Months Ended

Sep. 30, 2014

Tables/Schedules

Schedule of Deposits, Prepaid Expenses and Other Receivables

	September 30, 2014	December 31, 2013
Prepaid expenses	249,862	108,779
Other receivables	83,270	70,665
Deposits paid	2,606	5,791
Total deposits, prepaid expenses and other receivables	$335,738	$185,235

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Note 13 - Common Stock and Weighted Average Number of Shares For Earnings Per Share Calculation (Details) (USD $)	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Jan. 14, 2014
Common Stock, par or stated value	$ 0.01		$ 0.01	$ 0.01
Stock issued for the purchase of overseas movie and entertainment distribution agreements	20,000,000
Value of stock issued for the purchase of overseas movie and entertainment distribution agreements	$ 200,000
Stock cancelled to reverse a licensing right granted, shares	500,000		500,000
Debt Conversion, Original Debt Amount	63,096	136,380
Common Stock
Stock Issued During Period, Shares, Reverse Stock Splits	95
Stock issued for the purchase of overseas movie and entertainment distribution agreements	20,000,000
Value of stock issued for the purchase of overseas movie and entertainment distribution agreements	200,000
Debt Conversion, Shares Issued	630,960
Common Stock | January 12, 2014
Stock issued for cash, shares	39,721
Stock issued for cash, value	397
Common Stock | March 17, 2014
Stock issued for cash, shares	33,615
Stock issued for cash, value	335
Common Stock | August 8, 2014
Stock issued for cash, shares	150,000
Stock issued for cash, value	$ 15,000

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Note 7 - Intangible Asset (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jan. 14, 2014	Dec. 31, 2013
Stock issued for the purchase of overseas movie and entertainment distribution agreements	20,000,000
Common Stock, par or stated value	$ 0.01		$ 0.01	$ 0.01
Value of stock issued for the purchase of overseas movie and entertainment distribution agreements	$ 200,000
Impairment of Intangible Assets (Excluding Goodwill)	0
Amortization of intangible asset	30,000	0
Common Stock
Stock issued for the purchase of overseas movie and entertainment distribution agreements	20,000,000
Value of stock issued for the purchase of overseas movie and entertainment distribution agreements	$ 200,000

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Note 4 - Short-term Loan Receivable (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Interest Income, Operating	$ 4,246	$ 4,769
Short Term Loan
Debt Instrument, Interest Rate, Stated Percentage	6.00%

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Note 14 - Interest Expense: Interest Expenses (Details) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Details
Amortization on discount of convertible note		$ 0	$ 66,936
Accrued interest on convertible note		0	31,581
Total	$ 32,795	$ 0	$ 98,517

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Note 11 - Unearned Revenue (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Details
Amortization of deferred revenue	$ 0	$ 0

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Note 4 - Short-term Loan Receivable

9 Months Ended

Sep. 30, 2014

Notes

Note 4 - Short-term Loan Receivable

NOTE 4 – SHORT-TERM LOAN RECEIVABLE

As of September 30, 2014, the short term loan to a third party is bearing interest at 6% per annum with no fixed payment terms. Interest income in conjunction with this short term loan for the nine months ended September 30, 2014 and 2013 was $4,246 and $4,769, respectively.

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Note 8 - Other Asset (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Other assets	$ 115,380	$ 115,380
Asset Impairment Charges	$ 0
Hong Kong Restaurant
Noncontrolling Interest, Ownership Percentage by Parent	4.50%

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Note 12 - Convertible Notes: Schedule of Debt (Tables)

9 Months Ended

Sep. 30, 2014

Tables/Schedules

Schedule of Debt

	September 30, 2014	December 31, 2013
Noncurrent liabilities:
Non-interest bearing convertible note	$31,301	$31,301
Current liabilities:
12% convertible note 5, net	-	11,018
12% convertible note 6, net (including fair value adjustment on option $ 35,333, accrued interest expense $3,000)	88,333	88,333
	88,333	99,351
Total note outstanding	$119,634	$130,652

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Note 11 - Unearned Revenue: Schedule of Unearned Revenue (Tables)

9 Months Ended

Sep. 30, 2014

Tables/Schedules

Schedule of Unearned Revenue

	September 30, 2014	December 31, 2013
Receipt in advance for future artist performance	494,097	113,425
Presales of artist related merchandise	2,668	10,223
Total unearned revenue	$496,765	$123,648

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Note 9 - Asset Hold For Disposal (Details) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Details
Stock cancelled to reverse a licensing right granted, shares	500,000	500,000
Gain on cancellation of stock	$ 5,000

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Note 13 - Common Stock and Weighted Average Number of Shares For Earnings Per Share Calculation: Schedule of Weighted Average Number of Shares Calculation (Tables)

9 Months Ended

Sep. 30, 2014

Tables/Schedules

Schedule of Weighted Average Number of Shares Calculation

	Number of shares			Weighted average number of shares
Issued and outstanding as of January 1, 2014	5,619,926			5,619,926
Issuance of share on January 7, 2014 for reverse split executed		95	93
Issuance of share on January 12, 2014 for cash consideration of $397		39,721	38,121
Issuance of share on January 17, 2014 for pursuant to a sales and purchase agreement		20,000,000	18,827,839
Issuance of share on March 17, 2014 for cash consideration of $335		33,615	24,380
Forfeiture of shares on June 25, 2014 for disposal of asset		(500,000)	(179,487)
Issuance of share on July 7, 2014 for debt conversion		630,960	198,764
Issuance of share on August 8, 2014 for cash consideration of $15,000		150,000	29,670
Issued and outstanding as of September 30, 2014		25,974,317	24,559,306

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Note 14 - Interest Expense: Interest Expenses (Tables)

9 Months Ended

Sep. 30, 2014

Tables/Schedules

Interest Expenses

	2014	2013
Amortization on discount of convertible note	-	$66,936
Accrued interest on convertible note	-	31,581
Total	-	$98,517

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Note 3- Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2014

Notes

Note 3- Summary of Significant Accounting Policies

NOTE 3– SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 (a)           Economic and political risk

The Company’s continuing operations and discontinued operations are conducted in Hong Kong. Accordingly, the political, economic, and legal environments in the Hong Kong may influence the Company’s business, financial condition, and results of operations.

The Company’s major operations in Hong Kong are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic, and legal environment. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, and rates and methods of taxation, among other things.

(b)           Cash and cash equivalents

The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents.  The Company’s continued operations maintain bank accounts in Hong Kong. The Company’s discontinued operations maintain bank accounts in Hong Kong.

(c)           Income tax

Income taxes are based on pre-tax financial accounting income. Deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts. The Company periodically assesses the need to establish valuation allowances against its deferred tax assets to the extent the Company no longer believes it is more likely than not that the tax assets will be fully utilized.

The Company evaluates a tax position to determine whether it is more likely than not that the tax position will be sustained upon examination, based upon the technical merits of the position. A tax position that meets the more-likely-than-not recognition threshold is subject to a measurement assessment to determine the amount of benefit to recognize and the appropriate reserve to establish, if any. If a tax position does not meet the more-likely-than-not recognition threshold, no benefit is recognized.

In accordance with the relevant tax laws and regulations of Hong Kong, the applicable corporation income tax rate was 16.5% on assessable profits, if any, for the periods ended September 30, 2014 and 2013, respectively.

(d)           Fair value of financial instruments

The Company’s financial instruments primarily consist of cash and cash equivalents, amount due from a related company, prepaid expenses and other receivables, accounts payable, accrued expenses and other payables, receipt in advance, taxes payable and amount due to a related party.

The estimated fair value amounts have been determined by the Company, using available market information or other appropriate valuation methodologies. However, considerable judgment is required in interpreting market data to develop estimates of fair value. Consequently, the estimates are not necessarily indicative of the amounts that could be realized or would be paid in a current market exchange.

As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented, due to the short maturities of these instruments and the fact that the interest rates on the borrowings approximate those that would have been available for loans of similar remaining maturity and risk profiles at respective year ends.

(e)           Revenue recognition

Revenue represents the invoiced value of goods sold or services rendered during the year, net of sales discounts and returns. Generally revenue is recognized when all of the following criteria are met:

- Persuasive evidence of an arrangement exists,

- Delivery has occurred or services have been rendered,

- The seller’s price to the buyer is fixed or determinable, and

- Collectability is reasonably assured

Revenue recognition policies for each of the major products and services of continuing operations are illustrated as follows:

(i)	Revenue from provision of artist management, event management, and promotion for its clients is recognized when services are rendered.
(ii)	Revenue from artist-related merchandising is recognized when receipt is confirmed by clients according to the relating predetermined agreements.
(iii)	Revenue from intellectual property rights on CD, DVD and video products is recognized upon delivery of products to customers.

(f)           Earnings per share

Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. As of September 30, 2014 and 2013, there were 469,856 shares and 0 shares of dilutive securities outstanding separately.

(g)           Use of estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 may differ from those estimates.

(h)           Comprehensive income

Comprehensive income is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Among other disclosures, all items that are required to be recognized under current accounting standards as components of comprehensive income are required to be reported in a financial statement that is presented with the same prominence as other financial statements.  Comprehensive income includes net income and the foreign currency translation gain, net of tax.

(i)           Foreign currency translation

The accompanying consolidated financial statements are presented in United States Dollars (US$). The functional currency of the Company is Hong Kong Dollar (HKD). Capital accounts of the consolidated financial statements are translated into United States dollars from HKD at their historical exchange rates when the capital transactions occurred. Assets and liabilities are translated at the exchange rates as of balance sheet date. Income and expenditures are translated at the average exchange rate of the period. The translation rates are as follows:

	September 30, 2014	December 31, 2013	September 30, 2013
Period end HKD : US$ exchange rate	0.1282	0.1282	0.1282
Average for the period HKD : US$ exchange rate	0.1282	0.1282	0.1282

(j)           Recent accounting pronouncements

The Company reviews new accounting standards as issued. No new standards had any material effect on these financial statements. The accounting pronouncements issued subsequent to the date of these financial statements that were considered significant by management were evaluated for the potential effect on these consolidated financial statements. Management does not believe any of the subsequent pronouncements will have a material effect on these consolidated financial statements as presented and does not anticipate the need for any future restatement of these consolidated financial statements because of the retro-active application of any accounting pronouncements issued subsequent to September 30, 2014 through the date these financial statements were issued.

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Note 15 - Contingencies and Commitments: Schedule of Expected Annual Lease Payments for Operating Leases (Tables)

9 Months Ended

Sep. 30, 2014

Tables/Schedules

Schedule of Expected Annual Lease Payments for Operating Leases

For the year ended December 31,
2014	24,141
2015	96,564
Total	120,705

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Note 6 - Property, Plant and Equipment (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Details
Depreciation	$ 0	$ 0

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Note 15 - Contingencies and Commitments: Schedule of Expected Annual Lease Payments for Operating Leases (Details) (USD $)	Sep. 30, 2014
Details
2014	$ 24,141
2015	96,564
Total operating leases commitment	$ 120,705

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
CURRENT ASSETS
Cash and cash equivalents	$ 432,548	$ 640,383
Accounts receivable	259,793	288,195
Short term loan receivable	114,195	113,883
Prepaid expenses and other receivables	335,738	185,235
Assets held for disposal		495,000
Total current assets	1,142,274	1,722,696
Property, plant and equipment
Intangible asset	170,000	0
Other assets	115,380	115,380
TOTAL ASSETS	1,427,654	1,838,076
CURRENT LIABILITIES
Accounts payable	428,091	759,126
Accrued expenses and other payables	2,514	183,874
Unearned revenue	496,765	123,648
Short-term borrowings	115,447	64,079
Convertible note payable	88,333	99,351
Total current liabilities	1,131,150	1,230,078
LONG-TERM LIABILITIES
Long-term Convertible note	31,301	31,301
TOTAL LONG-TERM LIABILITIES	31,301	31,301
TOTAL LIABILITIES	1,162,451	1,261,379
SHAREHOLDERS' EQUITY
Common stock, par value $0.01; 375,000,000 shares authorized; 25,974,317 and 5,619,926 shares issued and outstanding as of September 30, 2014 and December 31, 2013, respectively	259,743	56,199
Additional paid in capital	9,484,643	9,909,359
Accumulated deficits	(9,480,675)	(9,390,353)
Accumulated other comprehensive income	1,492	1,492
TOTAL SHAREHOLDERS' EQUITY	265,203	576,697
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,427,654	$ 1,838,076

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Note 10 - Short Term Borrowings (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Debt Conversion, Original Debt Amount	$ 63,096	$ 136,380
Common Stock
Debt Conversion, Shares Issued	630,960

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Note 1 - Organization and Principal Activities

9 Months Ended

Sep. 30, 2014

Notes

Note 1 - Organization and Principal Activities

NOTE 1 – ORGANIZATION AND PRINCIPAL ACTIVITIES

Great China Mania Holdings, Inc. (“GMEC” or the “Company”) was incorporated in Florida on July 8, 1983 and adopted the current name on March 16, 2011. In February 2011, the Company formed a subsidiary GME Holdings Limited (“GMEH”) that specialized in artist and event management services operation. In June 2011, the Company formed another subsidiary GMEC Ventures Limited (“GMEV”), a Hong Kong company, and maintained for holding future investment if any. In January 2014, the Company formed another subsidiary GME Distribution Workshop Limited (“GMED”), a Hong Kong company, to manage and maintain the movie-related business. The Company held those subsidiaries though a wholly-owned BVI companies known as Super China Global Limited (SCGL).

On May 21, 2014, the Company signed  a letter of intent with Concept X Limited (“Concept X”) for the proposed acquisition of its 100% equity interest. On September 2, 2014, the Company has entered into a definitive material agreement with Concept X for the acquisition of 100% of the issued and outstanding shares of the company. The closing of the Agreement is subject to the following closing conditions: (1) Due diligence review; (2) all existing unsettled loans and debts of Concept X will be transferred to a third party; (3) cancel all payables and loans owed to shareholder and shareholder’s affiliate; and (4) the shareholder of Concept X assumes the liabilities of the net trade payables as of the date of completion of acquisition.

 On October 8, 2014, GMEC entered into a shareholder agreement with an individual, to form two joint venture subsidiaries in Malaysia and Hong Kong in the field of film casting, model management, model scouting and event management.  As of the date of the filing of this quarterly report the joint ventures have not been established.

On October 14, 2014, GMEC entered into a shareholder agreement with an individual to form two joint venture subsidiaries in Shanghai and Sydney in the field of model management, model scouting and event management.  As of the date of the filing of this quarterly report the joint ventures have not been established.

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Note 3- Summary of Significant Accounting Policies: (f) Earnings Per Share (Details)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Details
Dilutive securities outstanding	469,856	0

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Note 17 -Subsequent Events

9 Months Ended

Sep. 30, 2014

Notes

Note 17 -Subsequent Events

NOTE 17 –SUBSEQUENT EVENTS

On October 8, 2014, the Company entered into a shareholder agreement with an individual to form two joint venture subsidiaries in Malaysia and Hong Kong in the field of film casting, models management, models scouting and event management.

On October 14, 2014, the Company entered into a shareholder agreement with another individual to form two joint venture subsidiaries in Shanghai and Sydney in the field of models management, models scouting and event management.

On October 22, 2014 the Company converted $41,290 short term borrowings into 458,777 shares of common stock of the Company.

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Note 3- Summary of Significant Accounting Policies: (i) Foreign Currency Translation: Foreign Currency Disclosure (Details)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013
Details
Period end HKD : US$ exchange rate	0.1282	0.1282	0.1282
Average for the period HKD : US$ exchange rate	0.1282	0.1282	0.1282

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Note 3- Summary of Significant Accounting Policies: (i) Foreign Currency Translation: Foreign Currency Disclosure (Tables)

9 Months Ended

Sep. 30, 2014

Tables/Schedules

Foreign Currency Disclosure

	September 30, 2014	December 31, 2013	September 30, 2013
Period end HKD : US$ exchange rate	0.1282	0.1282	0.1282
Average for the period HKD : US$ exchange rate	0.1282	0.1282	0.1282

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Note 2 - Principles of Consolidation

9 Months Ended

Sep. 30, 2014

Notes

Note 2 - Principles of Consolidation

NOTE 2 – PRINCIPLES OF CONSOLIDATION

The unaudited interim financial statements of the Company and the Company’s subsidiaries (see Note 1) for the three and nine months ended September 30, 2014 and 2013 have been prepared pursuant to the rules & regulations of the SEC. Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the following disclosures are adequate to make the information presented not misleading.  All significant intercompany balances and transactions have been eliminated. The functional currency for the majority of the Company’s operations is the Hong Kong Dollar (HKD) for three and nine months ended September 30, 2014 and 2013, while the reporting currency is the US Dollar.

In the opinion of management, the accompanying condensed consolidated financial statements contain all adjustments, consisting only of normal recurring accruals, necessary for a fair presentation of the Company’s financial position as of September 30, 2014, the results of its operations and cash flows for the three and nine months ended for September 30, 2014 and 2013.

The results of operations for the three and nine months ended September 30, 2014 are not necessarily indicative of the results for a full year period.

The accompanying unaudited consolidated financial statements and the following notes should be read in conjunction with the audited consolidated financial statements and the notes thereto in the Company’s Form 10-K for the year ended December 31, 2013.

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CONDENSED CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Statement Of Financial Position
Common Stock, par or stated value	$ 0.01	$ 0.01
Common Stock, shares authorized	375,000,000	375,000,000
Common Stock, shares issued	25,974,317	5,619,926
Common Stock, shares outstanding	25,974,317	5,619,926

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Note 12 - Convertible Notes

9 Months Ended

Sep. 30, 2014

Notes

Note 12 - Convertible Notes

NOTE 12 – CONVERTIBLE NOTES

On June 1, 2011, the Company issued a non-interest bearing convertible note in the amount of $256,400 ( “Note 1”) to a third party note holder (“Holder 1”),which matures on May 31, 2016. On September 30, 2011, the first installment of $128,200 was received. Note 1 bears a call back option exercisable by Holder 1 on the unused portion of Note 1 after 12 months from the date of Note 1. Note 1 can be converted into common stock of the Company by Holder 1 under certain conditions. During the year, a total of $0 was repaid by the Company. As of December 31, 2013, Note 1 did not qualify to be converted under those conditions and is therefore not dilutive.

On April 22, 2013, the Company issued another 12% convertible note in the amount of $50,000 (“Note 6”) to Holder 3. Note 6 matured on January 22, 2014 and was fully received on June 14, 2013. The outstanding principal balance plus any accrued interest under Note 6 is convertible into common stock of the Company after 180 days from the date of issued with a 40% discount over the convertible price upon the option of Holder 3. The conversion price is determined by the average prices of the 5 days prior to the Conversion Date. As of September 30, 2014, fair value adjustment on option amounted to $35,333 and unamortized debt discount amount to $0. Debt discount is being amortized using effective interest method over the life of Note 6. For the nine months ended September 30, 2014, the amortization of debt discount of $0 was charged to Statement of Operations. Accrued interest expense of Note 6 for the nine months ended September 30, 2014 was $0. As of September 30, 2014, Note 6 qualified to be converted 469,856 shares of common stock under the conditions of Note 6 and is therefore dilutive.

Total interest expense in connection with other fully repaid convertible notes for the nine months ended September 30, 2014 and 2013 were $0 and $27,865 respectively.

The convertible notes as of the balance sheet date are summarized as follows:

	September 30, 2014	December 31, 2013
Noncurrent liabilities:
Non-interest bearing convertible note	$31,301	$31,301
Current liabilities:
12% convertible note 5, net	-	11,018
12% convertible note 6, net (including fair value adjustment on option $ 35,333, accrued interest expense $3,000)	88,333	88,333
	88,333	99,351
Total note outstanding	$119,634	$130,652

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Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 11, 2014
Document and Entity Information:
Entity Registrant Name	GREAT CHINA MANIA HOLDINGS, INC.
Document Type	10-Q
Document Period End Date	Sep. 30, 2014
Amendment Flag	false
Entity Central Index Key	0001382112
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3
Entity Common Stock, Shares Outstanding		26,433,094
Incorporation Date	Jul. 08, 1983

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Note 13 - Common Stock and Weighted Average Number of Shares For Earnings Per Share Calculation

9 Months Ended

Sep. 30, 2014

Notes

Note 13 - Common Stock and Weighted Average Number of Shares For Earnings Per Share Calculation

NOTE 13 – COMMON STOCK AND WEIGHTED AVERAGE NUMBER OF SHARES FOR EARNINGS PER SHARE CALCULATION

On January 7, 2014 the Company issued 95 shares of common stock to round up the variance raised form the reverse split executed.

On January 12, 2014 the Company issued 39,721 shares of common stock at the par value of $0.01 for a cash consideration of $397.

On January 17, 2014 the Company issued 20,000,000 shares of common stock to pursuant to an Agreement valued $200,000 with C&M Film Workshop Limited.

On March 17, 2014 the Company issued 33,615 shares of common stock at the par value of $0.01 for a cash consideration of $335.

On June 25, 2014, the Company cancelled 500,000 shares of common stock from a non affiliate shareholder in exchange of an asset held for disposal.

On July 7, 2014 the Company converted $63,096 short term borrowings into 630,960 shares of common stock of the Company.

On August 8, 2014 the Company issued 150,000 shares of common stock at the par value of $0.01 for a cash consideration of $15,000.

The calculation of common stock as at September 30, 2014 and weighted average number of shares for the nine months ended September 30, 2014 is illustrated as follows:

	Number of shares			Weighted average number of shares
Issued and outstanding as of January 1, 2014	5,619,926			5,619,926
Issuance of share on January 7, 2014 for reverse split executed		95	93
Issuance of share on January 12, 2014 for cash consideration of $397		39,721	38,121
Issuance of share on January 17, 2014 for pursuant to a sales and purchase agreement		20,000,000	18,827,839
Issuance of share on March 17, 2014 for cash consideration of $335		33,615	24,380
Forfeiture of shares on June 25, 2014 for disposal of asset		(500,000)	(179,487)
Issuance of share on July 7, 2014 for debt conversion		630,960	198,764
Issuance of share on August 8, 2014 for cash consideration of $15,000		150,000	29,670
Issued and outstanding as of September 30, 2014		25,974,317	24,559,306

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONTINUING OPERATIONS
REVENUES	$ 571,270	$ 470,279	$ 1,390,900	$ 1,455,059
COST OF SALES	400,988	338,243	899,125	924,716
GROSS PROFIT	170,282	132,036	491,775	530,343
EXPENSES
Sales & marketing expenses	10,748	7,828	32,999	29,657
General and administrative	182,549	604,448	565,888	1,342,300
TOTAL OPERATING EXPENSES	193,297	612,276	598,887	1,371,957
LOSS FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES	(23,015)	(480,240)	(107,112)	(841,614)
OTHER INCOME/(EXPENSE)
Other income	19,192	3,588	31,158	8,781
Interest expense		(32,795)	0	(98,517)
Other expenses	(2,131)	(70,296)	(14,368)	(84,276)
TOTAL OTHER EXPENSE	17,061	(99,503)	16,790	(174,012)
NET LOSS BEFORE PROVISION FOR INCOME TAXES	(5,954)	(579,743)	(90,322)	(1,015,626)
PROVISION FOR INCOME TAXES
NET LOSS FROM CONTINUING OPERATIONS	(5,954)	(579,743)	(90,322)	(1,015,626)
DISCONTINUED OPERATIONS
Net loss				(501,965)
Gain on disposal of discontinued operations				697,649
NET INCOME / (LOSS) FROM DISCONTINUED OPERATIONS				195,684
NET INCOME/ (LOSS) FOR THE PERIOD	(5,954)	(579,743)	(90,322)	(819,942)
OTHER COMPREHENSIVE INCOME
TOTAL COMPREHENSIVE INCOME / (LOSS) FOR THE PERIOD
Arising from continuing operations	(5,954)	(579,743)	(90,322)	(1,015,626)
Arising from discontinued operations				195,684
TOTAL COMPREHENSIVE INCOME / (LOSS) FOR THE PERIOD	$ (5,954)	$ (579,743)	$ (90,322)	$ (819,942)
LOSS PER SHARE, BASIC AND DILUTED - CONTINUING OPERATIONS	$ 0.00	$ (0.11)	$ 0.00	$ (0.24)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC AND DILUTED	25,878,660	4,572,250	24,559,306	4,327,951

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Note 7 - Intangible Asset

9 Months Ended

Sep. 30, 2014

Notes

Note 7 - Intangible Asset

NOTE 7 – INTANGIBLE ASSET

As of September 30, 2014, the Company’s intangible asset is summarized as follows:

	September 30, 2014	December 31, 2013
At cost:
Movie and entertainment distribution agreements	200,000	-
Less: Accumulated amortization	(30,000)	-
Intangible asset, net	$170,000	-

On January 14, 2014, the Company purchased certain overseas movie and entertainment distribution agreements with a consideration of 20,000,000 shares of restricted common stock to a non affiliate individual. This contractual interest stated at par value of $0.01 and valued at $200,000. No impairment loss was recognized for the nine months ended September 30, 2014. Amortization expense attributable to the intangible asset of continuing operations for the nine months ended September 30, 2014 and 2013 was $30,000 and $0 respectively.

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Note 6 - Property, Plant and Equipment

9 Months Ended

Sep. 30, 2014

Notes

Note 6 - Property, Plant and Equipment

NOTE 6 – PROPERTY, PLANT AND EQUIPMENT

As of September 30, 2014, the Company’s property, plant and equipment are summarized as follows:

	September 30, 2014	December 31, 2013
At cost:
Computer	9,989	9,989
Less: Accumulated depreciation	9,989	9,989
Property, plant and equipment, net	-	-

No depreciation expense attributable to the property, plant and equipment of both continuing operations and discontinued operations for the nine months ended September 30, 2014 and 2013 respectively.

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Note 3- Summary of Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2014

Policies

(a) Economic and Political Risk

 (a)           Economic and political risk

The Company’s continuing operations and discontinued operations are conducted in Hong Kong. Accordingly, the political, economic, and legal environments in the Hong Kong may influence the Company’s business, financial condition, and results of operations.

(b) Cash and Cash Equivalents

(b)           Cash and cash equivalents

The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents.  The Company’s continued operations maintain bank accounts in Hong Kong. The Company’s discontinued operations maintain bank accounts in Hong Kong.

(c) Income Tax

(c)           Income tax

Income taxes are based on pre-tax financial accounting income. Deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts. The Company periodically assesses the need to establish valuation allowances against its deferred tax assets to the extent the Company no longer believes it is more likely than not that the tax assets will be fully utilized.

The Company evaluates a tax position to determine whether it is more likely than not that the tax position will be sustained upon examination, based upon the technical merits of the position. A tax position that meets the more-likely-than-not recognition threshold is subject to a measurement assessment to determine the amount of benefit to recognize and the appropriate reserve to establish, if any. If a tax position does not meet the more-likely-than-not recognition threshold, no benefit is recognized.

In accordance with the relevant tax laws and regulations of Hong Kong, the applicable corporation income tax rate was 16.5% on assessable profits, if any, for the periods ended September 30, 2014 and 2013, respectively.

(d) Fair Value of Financial Instruments

(d)           Fair value of financial instruments

The Company’s financial instruments primarily consist of cash and cash equivalents, amount due from a related company, prepaid expenses and other receivables, accounts payable, accrued expenses and other payables, receipt in advance, taxes payable and amount due to a related party.

The estimated fair value amounts have been determined by the Company, using available market information or other appropriate valuation methodologies. However, considerable judgment is required in interpreting market data to develop estimates of fair value. Consequently, the estimates are not necessarily indicative of the amounts that could be realized or would be paid in a current market exchange.

As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented, due to the short maturities of these instruments and the fact that the interest rates on the borrowings approximate those that would have been available for loans of similar remaining maturity and risk profiles at respective year ends.

(e) Revenue Recognition

(e)           Revenue recognition

Revenue represents the invoiced value of goods sold or services rendered during the year, net of sales discounts and returns. Generally revenue is recognized when all of the following criteria are met:

- Persuasive evidence of an arrangement exists,

- Delivery has occurred or services have been rendered,

- The seller’s price to the buyer is fixed or determinable, and

- Collectability is reasonably assured

Revenue recognition policies for each of the major products and services of continuing operations are illustrated as follows:

(i)	Revenue from provision of artist management, event management, and promotion for its clients is recognized when services are rendered.
(ii)	Revenue from artist-related merchandising is recognized when receipt is confirmed by clients according to the relating predetermined agreements.
(iii)	Revenue from intellectual property rights on CD, DVD and video products is recognized upon delivery of products to customers.

(f) Earnings Per Share

(f)           Earnings per share

Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. As of September 30, 2014 and 2013, there were 469,856 shares and 0 shares of dilutive securities outstanding separately.

(g) Use of Estimates

(g)           Use of estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 may differ from those estimates.

(h) Comprehensive Income

(h)           Comprehensive income

Comprehensive income is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Among other disclosures, all items that are required to be recognized under current accounting standards as components of comprehensive income are required to be reported in a financial statement that is presented with the same prominence as other financial statements.  Comprehensive income includes net income and the foreign currency translation gain, net of tax.

(i) Foreign Currency Translation

(i)           Foreign currency translation

The accompanying consolidated financial statements are presented in United States Dollars (US$). The functional currency of the Company is Hong Kong Dollar (HKD). Capital accounts of the consolidated financial statements are translated into United States dollars from HKD at their historical exchange rates when the capital transactions occurred. Assets and liabilities are translated at the exchange rates as of balance sheet date. Income and expenditures are translated at the average exchange rate of the period. The translation rates are as follows:

	September 30, 2014	December 31, 2013	September 30, 2013
Period end HKD : US$ exchange rate	0.1282	0.1282	0.1282
Average for the period HKD : US$ exchange rate	0.1282	0.1282	0.1282

(j) Recent Accounting Pronouncements

(j)           Recent accounting pronouncements

The Company reviews new accounting standards as issued. No new standards had any material effect on these financial statements. The accounting pronouncements issued subsequent to the date of these financial statements that were considered significant by management were evaluated for the potential effect on these consolidated financial statements. Management does not believe any of the subsequent pronouncements will have a material effect on these consolidated financial statements as presented and does not anticipate the need for any future restatement of these consolidated financial statements because of the retro-active application of any accounting pronouncements issued subsequent to September 30, 2014 through the date these financial statements were issued.

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Note 14 - Interest Expense

9 Months Ended

Sep. 30, 2014

Notes

Note 14 - Interest Expense

NOTE 14 – INTEREST EXPENSE

Interest expense for the nine months ended September 30, 2014 and 2013 are summarized as follows:

	2014	2013
Amortization on discount of convertible note	-	$66,936
Accrued interest on convertible note	-	31,581
Total	-	$98,517

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Note 10 - Short Term Borrowings

9 Months Ended

Sep. 30, 2014

Notes

Note 10 - Short Term Borrowings

NOTE 10 – SHORT TERM BORROWINGS

The short-term borrowings are unsecured, interest free advances from a non affiliate individual with no fixed repayment term. During the reporting period, this individual converted a portion of the short term borrowings of $63,096 into 630,960 shares of Company’s common stock.

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Note 8 - Other Asset

9 Months Ended

Sep. 30, 2014

Notes

Note 8 - Other Asset

NOTE 8 – OTHER ASSET

The Company acquired a 4.5% entity interest of a restaurant that operated in Hong Kong by a non affiliate corporation with a cash consideration of $115,380 on September 25, 2013. This entity interest stated at cost and no impairment losses was recognized for the nine months ended September 30, 2014.

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Note 9 - Asset Hold For Disposal

9 Months Ended

Sep. 30, 2014

Notes

Note 9 - Asset Hold For Disposal

NOTE 9 – ASSET HOLD FOR DISPOSAL

On June 25, 2013, the Company cancelled 500,000 shares of the Company common stock from a non affiliate shareholder to reverse a licensing right granted. A gain of $5,000 was recorded for the nine month ended September 30, 2014.

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Note 11 - Unearned Revenue

9 Months Ended

Sep. 30, 2014

Notes

Note 11 - Unearned Revenue

NOTE 11 – UNEARNED REVENUE

As of September 30, 2014, the Company’s unearned revenue is summarized as follows:

	September 30, 2014	December 31, 2013
Receipt in advance for future artist performance	494,097	113,425
Presales of artist related merchandise	2,668	10,223
Total unearned revenue	$496,765	$123,648

No amortization expense attributable to the unearned revenue of continuing operations for the nine months ended September 30, 2014 and 2013 respectively.

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Note 3- Summary of Significant Accounting Policies: (c) Income Tax (Details) (HONG KONG)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
HONG KONG
Applicable Corporation Income Tax Rate	16.50%	16.50%

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Note 13 - Common Stock and Weighted Average Number of Shares For Earnings Per Share Calculation: Schedule of Weighted Average Number of Shares Calculation (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Common Stock, shares outstanding	25,974,317		25,974,317		5,619,926
Common Stock, shares issued	25,974,317		25,974,317		5,619,926
Weighted average number of shares issued and outstanding	25,878,660	4,572,250	24,559,306	4,327,951	5,619,926
Stock issued for the purchase of overseas movie and entertainment distribution agreements			20,000,000
Stock cancelled to reverse a licensing right granted, shares			(500,000)		(500,000)
Movie and Entertainment Distribution Agreements
Weighted average number of shares issued and outstanding			18,827,839
January 12, 2014
Weighted average number of shares issued and outstanding			38,121
March 17, 2014
Weighted average number of shares issued and outstanding			24,380
June 25, 2014
Weighted average number of shares issued and outstanding			(179,487)
July 7, 2014
Weighted average number of shares issued and outstanding			198,764
August 8, 2014
Weighted average number of shares issued and outstanding			29,670
Common Stock
Stock Issued During Period, Shares, Reverse Stock Splits			95
Stock issued for the purchase of overseas movie and entertainment distribution agreements			20,000,000
Common Stock | January 12, 2014
Stock issued for cash, value			$ 397
Stock issued for cash, shares			39,721
Common Stock | March 17, 2014
Stock issued for cash, value			335
Stock issued for cash, shares			33,615
Common Stock | June 25, 2014
Stock cancelled to reverse a licensing right granted, shares			(500,000)
Common Stock | July 7, 2014
Stock Issued During Period, Shares, Conversion of Convertible Securities			630,960
Common Stock | August 8, 2014
Stock issued for cash, value			$ 15,000
Stock issued for cash, shares			150,000
Post-Reverse Split Common Stock Shares
Weighted average number of shares issued and outstanding			93

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Note 16- Going Concern

9 Months Ended

Sep. 30, 2014

Notes

Note 16- Going Concern

NOTE 16- GOING CONCERN

As of September 30, 2014 the Company has accumulated deficits of $9,480,675 a positive working capital of $11,124, and also recorded a net loss from the continuing operations of $90,322 for the nine months then ended.

As of September 30, 2014 we may need additional cash resources to operate during the upcoming 12 months, and the continuation of the Company may dependent upon the continuing financial support of investors, directors and/or stockholders of the Company. We intends to attempt to acquire additional operating capital through private equity offerings to the public and existing investors to fund its business plan. However, there is no assurance that equity or debt offerings will be successful in raising sufficient funds to assure the eventual profitability of the Company. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

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Note 6 - Property, Plant and Equipment: Property, Plant and Equipment (Tables)

9 Months Ended

Sep. 30, 2014

Tables/Schedules

Property, Plant and Equipment

	September 30, 2014	December 31, 2013
At cost:
Computer	9,989	9,989
Less: Accumulated depreciation	9,989	9,989
Property, plant and equipment, net	-	-

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Note 12 - Convertible Notes: Schedule of Debt (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Noncurrent liabilities:
Non-interest bearing convertible note	$ 31,301	$ 31,301
Current liabilities:
Convertible note payable	88,333	99,351
Total note outstanding	119,634	130,652
Note 5
Current liabilities:
Convertible note payable	0	11,018
Note 6
Current liabilities:
Convertible note payable	$ 88,333	$ 88,333

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Note 7 - Intangible Asset: Schedule of Finite-Lived Intangible Assets (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
At cost:
Movie and entertainment distribution agreements	$ 200,000	$ 0
Less: Accumulated amortization	(30,000)	0
Intangible asset, net	$ 170,000	$ 0

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities
Net loss from continuing operations	$ (90,322)	$ (1,015,626)
Amortization of discount on Convertible Note		66,936
Accrued interest expense		31,581
Amortization of intangible asset	30,000	0
Net gain on asset hold for disposal	(5,000)
Gain on conversion of debt notes into shares	(11,018)
Share based payments		762,363
Changes in operating assets and liabilities:
Decrease / (Increase) in accounts receivable	28,402	(118,241)
Increase in prepaid expenses and other receivables	(150,503)	(173,302)
(Decrease) / Increase in accounts payable	(331,035)	211,277
Increase in unearned revenue	373,117	120,869
(Decrease) / Increase in accrued expenses and other payables	(181,359)	87,931
Net cash (used in)/provided by continuing operating activities	(337,718)	(26,212)
Net cash used in discontinued operating activities		(370,745)
Net cash (used in) / provided by operating activities	(337,718)	(396,957)
Cash flows from investing activities
Net cash used in continuing investing activities
Net cash used in discontinued investing activities		(1,282)
Net cash used in investing activities		(1,282)
Cash flows from financing activities
Decrease in subscription receivable		445,077
Advance from short-term borrowings	114,463	57,690
Advance to short-term loan receivable	(312)
Issuance of shares capital	15,732
Issuance of convertible note		100,000
Repayment of convertible note		(125,859)
Net cash provided by / (used in) continuing financing activities	129,883	476,908
Net cash provided by / (used in) discontinued financing activities		327,915
Net cash provided by / (used in) financing activities	129,883	804,823
Net increase / (decrease) in cash and cash equivalents
Continuing operations	(207,835)	450,696
Discontinued operations		(44,112)
Net (decrease)/increase in cash and cash equivalents	(207,835)	406,584
Cash and cash equivalents at beginning of period
Continuing operations	640,383	174,661
Discontinued operations		44,112
Cash and cash equivalents at beginning of year, net	640,383	218,773
Cash and cash equivalents at end of period
Continuing operations	432,548	625,357
Discontinued operations
Cash and cash equivalents at end of year, net	432,548	625,357
Supplemental disclosure of cash flows information:
Conversion of debt to shares	63,096	136,380
Shares cancelled for disposal of an subsidiary		(54,000)
Shares cancelled for disposal of asset	(500,000)
Issuance of shares for acquisition of asset	$ 200,000

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Note 5 - Deposits, Prepaid Expenses and Other Receivables

9 Months Ended

Sep. 30, 2014

Notes

Note 5 - Deposits, Prepaid Expenses and Other Receivables

NOTE 5 – DEPOSITS, PREPAID EXPENSES AND OTHER RECEIVABLES

As of September 30, 2014, the Company’s deposits, prepaid expenses and other receivables are summarized as follows:

	September 30, 2014	December 31, 2013
Prepaid expenses	249,862	108,779
Other receivables	83,270	70,665
Deposits paid	2,606	5,791
Total deposits, prepaid expenses and other receivables	$335,738	$185,235

The Company evaluates the amounts recorded as prepaid expenses on a periodic basis and records a charge to the current operations of the Company when the related expense has been incurred.

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Note 7 - Intangible Asset: Schedule of Finite-Lived Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2014

Tables/Schedules

Schedule of Finite-Lived Intangible Assets

	September 30, 2014	December 31, 2013
At cost:
Movie and entertainment distribution agreements	200,000	-
Less: Accumulated amortization	(30,000)	-
Intangible asset, net	$170,000	-

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Note 5 - Deposits, Prepaid Expenses and Other Receivables: Schedule of Deposits, Prepaid Expenses and Other Receivables (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Details
Prepaid expenses	$ 249,862	$ 108,779
Other receivables	83,270	70,665
Deposits paid	2,606	5,791
Total deposits, prepaid expenses and other receivables	$ 335,738	$ 185,235

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Note 15 - Contingencies and Commitments

9 Months Ended

Sep. 30, 2014

Notes

Note 15 - Contingencies and Commitments

NOTE 15 – CONTINGENCIES AND COMMITMENTS

At September 30, 2014, the expected annual lease payments under the Company and its subsidiaries’ operating leases are as follows:

For the year ended December 31,
2014	24,141
2015	96,564
Total	120,705