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CHINA GEWANG BIOTECHNOLOGY, INC. AND SUBSIDIARIES - Consolidated Balance Sheets - USD ($)
May 31, 2016
Nov. 30, 2015
Current Assets:    
Cash $ 16,691,199 $ 8,669,034
Accounts receivable 3,598,376 267,868
Inventory 22,244 156,778
Prepaid expenses 1,547,652 201,369
Total current assets 21,859,471 9,295,049
Property, plant and equipment, net 117,433 65,860
Other assets:    
Equity investment 1,874,927  
Total Assets 23,851,831 9,360,909
Current Liabilities:    
Accounts payable 1,235,947
Taxes payable 406,607 64,153
Accrued expenses and other payables 40,925 175,086
Loans from stockholder 218,069 166,106
Other payable - equity investment 1,000,000  
TOTAL CURRENT LIABILITIES 2,901,548 405,345
Stockholders' equity:    
Common stock [1] 75,000 45,500
Additional paid-in capital 16,811,095 6,525,743
Retained earnings 4,016,081 2,270,416
Statutory reserve fund 443,757 281,766
Other comprehensive (loss) (561,982) (252,022)
Stockholders' equity before noncontrolling interests 20,783,951 8,871,403
Non-controlling interests 166,332 84,161
Total Stockholders' equity 20,950,283 8,955,564
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 23,851,831 $ 9,360,909
[1] $0.001 par value, 75,000,000 shares authorized; 75,000,000 and 45,500,000 shares issued and outstanding as of May 31, 2016 and November 30, 2015 respectively