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CHINA GEWANG BIOTECHNOLOGY, INC. - Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Cash flows from Operating Activities    
Net income $ 350,698 $ 366,966
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 10,108 6,347
Changes in operating assets and liabilities:    
(Increase) in accounts receivable (26,726) (275,003)
(Increase) in inventory 116,621 (22,412)
(Increase) in prepaid expenses $ (67,970) $ (111,690)
(Decrease) in accounts payable
(Decrease) increase in advances from customers   $ (56,930)
Increase in taxes payable $ 9,448 39,931
Increase (decrease) in accrued liabilities and other payables (90,631) 23,499
Net cash provided by operating activities 301,548 (29,292)
Cash flows from investing activities:    
Purchase of equipment (78,567) (732)
Net cash (used in) investing activities (78,567) $ (732)
Cash Flows From Financing Activities:    
Proceeds from sale of common stock $ 5,473,200  
Proceeds from stockholder loans
Net cash provided by financing activities $ 5,473,200  
Effect of exchange rate changes on cash (184,624) $ (17,980)
Net change in cash 5,511,557 (48,004)
Cash, Beginning of Period 8,669,034 3,012,812
Cash, End of Period $ 14,180,591 $ 2,964,808
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest
Cash paid income taxes $ 113,712 $ 87,941
Noncash financing activities:    
Payment of accrued expenses and other payables by shareholder $ 20,000 $ 25,417