$HCIL
Hongchang International Co., Ltd Stock $hcil

$hcil Overview Financials Valuation SEC Filings Company Website

2014 Q4 Form 10-K Financial Statement

#000154812315000093 Filed on March 31, 2015

Income Statement

Concept	2014 Q4	2014	2013 Q4
Revenue	$1.150M	$6.578M	$700.0K
YoY Change	64.29%	295.31%	218.18%
Cost Of Revenue	$820.0K	$4.857M	$280.0K
YoY Change	192.86%	567.24%	300.0%
Gross Profit	$330.0K	$1.722M	$430.0K
YoY Change	-23.26%	83.89%	186.67%
Gross Profit Margin	28.7%	26.17%	61.43%
Selling, General & Admin	$640.0K	$2.001M	$550.0K
YoY Change	16.36%	41.01%	-16.67%
% of Gross Profit	193.94%	116.22%	127.91%
Research & Development	$60.00K	$225.0K	$60.00K
YoY Change	0.0%	-4.76%	0.0%
% of Gross Profit	18.18%	13.07%	13.95%
Depreciation & Amortization	$10.00K	$5.060K	$0.00
YoY Change			-100.0%
% of Gross Profit	3.03%	0.29%	0.0%
Operating Expenses	$700.0K	$225.0K	$610.0K
YoY Change	14.75%	-86.55%	-16.44%
Operating Profit	-$370.0K	$1.497M	-$180.0K
YoY Change	105.56%	-303.05%	-68.97%
Interest Expense	$0.00	$10.56K	-$270.0K
YoY Change	-100.0%	-80.55%	0.0%
% of Operating Profit		0.71%
Other Income/Expense, Net		$10.56K
YoY Change		-102.35%
Pretax Income	-$370.0K	-$498.8K	-$800.0K
YoY Change	-53.75%	-57.93%	-5.88%
Income Tax	$0.00		$2.730M
% Of Pretax Income
Net Earnings	-$370.0K	-$498.8K	-$3.540M
YoY Change	-89.55%	-86.45%	580.77%
Net Earnings / Revenue	-32.17%	-7.58%	-505.71%
Basic Earnings Per Share		-$0.01
Diluted Earnings Per Share	-$34.45K	-$0.01	-$329.6K
COMMON SHARES
Basic Shares Outstanding	49.71M shares	49.71M shares	49.71M shares
Diluted Shares Outstanding		49.71M shares

Balance Sheet

Concept	2014 Q4	2014	2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$610.0K	$609.3K	$1.930M
YoY Change	-68.39%	-68.41%	16.27%
Cash & Equivalents	$609.3K	$609.3K	$1.929M
Short-Term Investments
Other Short-Term Assets	$60.00K	$56.64K	$50.00K
YoY Change	20.0%		400.0%
Inventory	$20.29K	$20.29K	$23.00K
Prepaid Expenses
Receivables	$1.081M	$1.081M	$88.02K
Other Receivables	$0.00	$0.00	$280.0K
Total Short-Term Assets	$1.768M	$1.768M	$2.369M
YoY Change	-25.38%	-25.38%	-17.33%
LONG-TERM ASSETS
Property, Plant & Equipment	$14.00K	$14.00K	$9.420K
YoY Change	48.57%		-99.47%
Goodwill	$1.946M		$1.946M
YoY Change	0.0%		0.0%
Intangibles
YoY Change
Long-Term Investments			$0.00
YoY Change			-100.0%
Other Assets	$370.0K		$160.0K
YoY Change	131.25%		-94.84%
Total Long-Term Assets	$2.326M		$2.111M
YoY Change	10.18%		-70.33%
TOTAL ASSETS
Total Short-Term Assets	$1.768M	$1.768M	$2.369M
Total Long-Term Assets	$2.326M		$2.111M
Total Assets	$4.094M		$4.480M
YoY Change	-8.62%		-55.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$50.53K	$50.53K	$47.77K
YoY Change	5.78%		-40.77%
Accrued Expenses	$149.5K	$149.5K	$146.2K
YoY Change	2.25%		-76.89%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00		$0.00
YoY Change
Long-Term Debt Due	$20.00K	$24.60K	$30.00K
YoY Change	-33.33%
Total Short-Term Liabilities	$393.8K	$224.6K	$281.3K
YoY Change	40.03%	-42.97%	-69.88%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00		$0.00
YoY Change			-100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$393.8K	$224.6K	$281.3K
Total Long-Term Liabilities	$0.00
Total Liabilities	$393.8K		$281.3K
YoY Change	40.03%		-86.61%
SHAREHOLDERS EQUITY
Retained Earnings	-$14.42M		-$13.92M
YoY Change	3.58%		35.96%
Common Stock	$18.12M		$18.12M
YoY Change	0.0%		0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$3.700M		$4.199M
YoY Change
Total Liabilities & Shareholders Equity	$4.094M		$4.480M
YoY Change	-8.62%		-55.12%

Cashflow Statement

Concept	2014 Q4	2014	2013 Q4
OPERATING ACTIVITIES
Net Income	-$370.0K	-$498.8K	-$3.540M
YoY Change	-89.55%	-86.45%	580.77%
Depreciation, Depletion And Amortization	$10.00K	$5.060K	$0.00
YoY Change			-100.0%
Cash From Operating Activities	-$160.0K	-$1.559M	-$180.0K
YoY Change	-11.11%	58.87%	-51.35%
INVESTING ACTIVITIES
Capital Expenditures	-$10.00K	$9.639K	$0.00
YoY Change		106.18%
Acquisitions
YoY Change
Other Investing Activities	$190.0K		$550.0K
YoY Change	-65.45%		-52.99%
Cash From Investing Activities	$180.0K	$240.4K	$550.0K
YoY Change	-67.27%	-89.96%	-52.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-10.00K	-$1.042K	-20.00K
YoY Change	-50.0%	-99.91%
NET CHANGE
Cash From Operating Activities	-160.0K	-$1.559M	-180.0K
Cash From Investing Activities	180.0K	$240.4K	550.0K
Cash From Financing Activities	-10.00K	-$1.042K	-20.00K
Net Change In Cash	10.00K	-$1.320M	350.0K
YoY Change	-97.14%	-583.3%	-56.25%
FREE CASH FLOW
Cash From Operating Activities	-$160.0K	-$1.559M	-$180.0K
Capital Expenditures	-$10.00K	$9.639K	$0.00
Free Cash Flow	-$150.0K	-$1.568M	-$180.0K
YoY Change	-16.67%	59.09%	-51.35%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2014Q4	us-gaap	Deferred Costs DeferredCosts	60972	USD
CY2014	us-gaap	Loss Contingency Damages Sought Value LossContingencyDamagesSoughtValue	300000	USD
CY2014	us-gaap	Litigation Settlement Expense LitigationSettlementExpense	400000	USD
CY2014Q2	dei	Entity Public Float EntityPublicFloat	834692	USD
CY2015Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	49713895	shares
CY2013Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	88024	USD
CY2014Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1081286	USD
CY2013Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	48520	USD
CY2014Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	56635	USD
CY2013Q4	us-gaap	Inventory Net InventoryNet	22999	USD
CY2014Q4	us-gaap	Inventory Net InventoryNet	20289	USD
CY2013Q4	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	250000	USD
CY2014Q4	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent		USD
CY2013Q4	us-gaap	Interest Receivable Current InterestReceivableCurrent	30382	USD
CY2014Q4	us-gaap	Interest Receivable Current InterestReceivableCurrent		USD
CY2013Q4	us-gaap	Deferred Costs DeferredCosts	30094	USD
CY2013Q4	us-gaap	Security Deposit SecurityDeposit	4825	USD
CY2014Q4	us-gaap	Security Deposit SecurityDeposit	4825	USD
CY2013Q4	us-gaap	Assets Current AssetsCurrent	2368746	USD
CY2014Q4	us-gaap	Assets Current AssetsCurrent	1767523	USD
CY2013Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9420	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	13995	USD
CY2013Q4	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	120676	USD
CY2014Q4	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	300208	USD
CY2013Q4	us-gaap	Goodwill Goodwill	1946253	USD
CY2014Q4	us-gaap	Goodwill Goodwill	1946253	USD
CY2013Q4	us-gaap	Assets Assets	4480014	USD
CY2014Q4	us-gaap	Assets Assets	4093776	USD
CY2013Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	47765	USD
CY2014Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	50528	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1655801	USD
CY2014	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	10561	USD
CY2013	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1185698	USD
CY2014	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-498818	USD
CY2013Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-13920680	USD
CY2013	us-gaap	Cost Of Revenue CostOfRevenue	727887	USD
CY2013Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	146196	USD
CY2014Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	149487	USD
CY2013Q4	us-gaap	Notes Payable Current NotesPayableCurrent	25643	USD
CY2014Q4	us-gaap	Notes Payable Current NotesPayableCurrent	24601	USD
CY2013Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	61661	USD
CY2014Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	169229	USD
CY2013Q4	us-gaap	Liabilities Current LiabilitiesCurrent	281265	USD
CY2014Q4	us-gaap	Liabilities Current LiabilitiesCurrent	393845	USD
CY2013Q4	us-gaap	Liabilities Liabilities	281265	USD
CY2014Q4	us-gaap	Liabilities Liabilities	393845	USD
CY2014Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2014Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	49713895	shares
CY2014Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	49713895	shares
CY2013Q4	us-gaap	Common Stock Value CommonStockValue	49714	USD
CY2014Q4	us-gaap	Common Stock Value CommonStockValue	49714	USD
CY2013Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	18069715	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1928821	USD
CY2014Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	18069715	USD
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-14419498	USD
CY2013Q4	us-gaap	Stockholders Equity StockholdersEquity	4198749	USD
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	3699931	USD
CY2013Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	4480014	USD
CY2014Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	4093776	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	609313	USD
CY2013Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0	USD
CY2014Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0	USD
CY2013Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2013Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	49713895	shares
CY2013Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2013Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	49713895	shares
CY2014	us-gaap	Cost Of Revenue CostOfRevenue	4856719	USD
CY2013	us-gaap	Gross Profit GrossProfit	936213	USD
CY2014	us-gaap	Gross Profit GrossProfit	1721592	USD
CY2013	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	285969	USD
CY2014	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	257080	USD
CY2013	us-gaap	Marketable Securities Realized Gain Loss MarketableSecuritiesRealizedGainLoss	-82531	USD
CY2013	us-gaap	Asset Impairment Charges AssetImpairmentCharges	353000	USD
CY2013	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	143290	USD
CY2014	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments		USD
CY2014	us-gaap	Marketable Securities Realized Gain Loss MarketableSecuritiesRealizedGainLoss		USD
CY2014	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	225011	USD
CY2014	us-gaap	Asset Impairment Charges AssetImpairmentCharges		USD
CY2014	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1		USD
CY2013	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1249604	USD
CY2014	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1794245	USD
CY2013	us-gaap	Depreciation And Amortization DepreciationAndAmortization	18034	USD
CY2014	us-gaap	Depreciation And Amortization DepreciationAndAmortization	5064	USD
CY2013	us-gaap	Operating Expenses OperatingExpenses	1673253	USD
CY2013	us-gaap	Operating Income Loss OperatingIncomeLoss	-737040	USD
CY2013	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	54300	USD
CY2014	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	10561	USD
CY2013	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-210717	USD
CY2013	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-448658	USD
CY2013	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	410800	USD
CY2013	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	4825	USD
CY2013	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	6424	USD
CY2014	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-30382	USD
CY2013	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	72472	USD
CY2014	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	38993	USD
CY2013	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-728587	USD
CY2014	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	6054	USD
CY2013	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-410800	USD
CY2014	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit		USD
CY2013	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	3000000	USD
CY2014	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit		USD
CY2013	us-gaap	Technology Services Revenue TechnologyServicesRevenue	1378131	USD
CY2013	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-92654	USD
CY2014	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		USD
CY2013	us-gaap	Net Income Loss NetIncomeLoss	-3682244	USD
CY2013	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.07
CY2014	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2013	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.07
CY2014	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2013	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49713895	shares
CY2014	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49713895	shares
CY2013	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	49713895	shares
CY2014	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	49713895	shares
CY2014	us-gaap	Technology Services Revenue TechnologyServicesRevenue	6321231	USD
CY2012Q4	us-gaap	Stockholders Equity StockholdersEquity	7880993	USD
CY2014	us-gaap	Net Income Loss NetIncomeLoss	-498818	USD
CY2014	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes		USD
CY2014	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets		USD
CY2013	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	36472	USD
CY2014	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	993262	USD
CY2013	us-gaap	Increase Decrease In Restricted Cash For Operating Activities IncreaseDecreaseInRestrictedCashForOperatingActivities	-387178	USD
CY2014	us-gaap	Increase Decrease In Restricted Cash For Operating Activities IncreaseDecreaseInRestrictedCashForOperatingActivities	179532	USD
CY2013	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-1973	USD
CY2014	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-2710	USD
CY2013	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	50466	USD
CY2014	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	107568	USD
CY2013	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-981215	USD
CY2014	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1558827	USD
CY2013	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4675	USD
CY2014	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	9639	USD
CY2013	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	2000	USD
CY2014	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments		USD
CY2013	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	500000	USD
CY2014	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	250000	USD
CY2013	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	1901894	USD
CY2014	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment		USD
CY2013	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	2395219	USD
CY2014	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	240361	USD
CY2013	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	42738	USD
CY2014	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	44282	USD
CY2013	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	1183722	USD
CY2014	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	45324	USD
CY2013	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1140984	USD
CY2014	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1042	USD
CY2013	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	273020	USD
CY2014	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-1319508	USD
CY2013	us-gaap	Interest Paid InterestPaid	908	USD
CY2014	us-gaap	Interest Paid InterestPaid	1052	USD
CY2013	us-gaap	Income Taxes Paid IncomeTaxesPaid		USD
CY2014	us-gaap	Income Taxes Paid IncomeTaxesPaid		USD
CY2013Q4	us-gaap	Cash Uninsured Amount CashUninsuredAmount	786464	USD
CY2014	us-gaap	Use Of Estimates UseOfEstimates	<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 11pt; text-decoration: underline;">Use of Estimates</font></p> <p style="margin: 0pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 11pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Management believes that the estimates used in preparing the financial statements are reasonable and prudent; however, actual results could differ from these estimates. Significant estimates include the allowance for doubtful accounts, impairment assessments of goodwill,</font><font style="font-family: 'Times New Roman'; font-size: 11pt;"> valuation of deferred tax assets,</font><font style="font-family: 'Times New Roman'; font-size: 11pt;"> rebilling collections and certain accrued liabilities such as contingent liabilities.</font></p> </div>
CY2014	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 11pt; text-decoration: underline;">Concentrations</font></p> <p style="margin: 0pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 11pt;">Financial instruments that potentially subject the Company to concentrations of credit risks consist of cash and cash equivalents, accounts receivable and accounts payable. The Company places its cash and cash equivalents at well</font><font style="font-family: 'Times New Roman'; font-size: 11pt;">-</font><font style="font-family: 'Times New Roman'; font-size: 11pt;">known quality financial institutions. At times, such cash and investments may be in excess of the FDIC insurance limit. The Company had amounts in excess of federally insured limits of </font><font style="font-family: 'Times New Roman'; font-size: 11pt;">$</font><font style="font-family: 'Times New Roman'; font-size: 11pt;"><font>786,464</font> </font><font style="font-family: 'Times New Roman'; font-size: 11pt;">and </font><font style="font-family: 'Times New Roman'; font-size: 11pt;">$</font><font style="font-family: 'Times New Roman'; font-size: 11pt;"><font>4,990</font> </font><font style="font-family: 'Times New Roman'; font-size: 11pt;">as of December 31</font><font style="font-family: 'Times New Roman'; font-size: 11pt;">,</font><font style="font-family: 'Times New Roman'; font-size: 11pt;"> </font><font style="font-family: 'Times New Roman'; font-size: 11pt;">2013</font><font style="font-family: 'Times New Roman'; font-size: 11pt;"> and 201</font><font style="font-family: 'Times New Roman'; font-size: 11pt;">4</font><font style="font-family: 'Times New Roman'; font-size: 11pt;">, respectively.</font></p> </div>
CY2014	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	43938	USD
CY2014	us-gaap	Legal Fees LegalFees	122965	USD
CY2014Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	63915	USD
CY2014	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0pt; orphans: 0; widows: 0; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 11pt; text-decoration: underline;">Reclassifications</font></p> <p style="margin: 0pt; orphans: 0; widows: 0; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 11pt;">Certain amounts in the accompanying consolidated financial statements have been reclassified to conform to the current year presentation. These reclassifications had no material effect on our consolidated financial statements.</font></p> </div>
CY2014Q4	us-gaap	Cash Uninsured Amount CashUninsuredAmount	4990	USD
CY2013	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	17767	USD
CY2014Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2013Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	68271	USD
CY2014Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	77910	USD
CY2013Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	58851	USD
CY2014Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo		USD
CY2014Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree		USD
CY2013	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	358966	USD
CY2013Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	49150	USD
CY2014Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	50108	USD
CY2013Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	97046	USD
CY2014Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	99379	USD
CY2014Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	24601	USD
CY2014Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour		USD
CY2014Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive		USD
CY2013	us-gaap	Income Tax Reconciliation Nondeductible Expense Meals And Entertainment IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment	2200	USD
CY2014	us-gaap	Income Tax Reconciliation Nondeductible Expense Meals And Entertainment IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment	2500	USD
CY2013	us-gaap	Income Tax Reconciliation Disposition Of Assets IncomeTaxReconciliationDispositionOfAssets	2600	USD
CY2014	us-gaap	Income Tax Reconciliation Disposition Of Assets IncomeTaxReconciliationDispositionOfAssets		USD
CY2014	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-194500	USD
CY2013	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	780	USD
CY2014	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes		USD
CY2013	us-gaap	Income Tax Reconciliation Tax Contingencies IncomeTaxReconciliationTaxContingencies	-156000	USD
CY2014	us-gaap	Income Tax Reconciliation Tax Contingencies IncomeTaxReconciliationTaxContingencies		USD
CY2013	us-gaap	Income Tax Reconciliation Nondeductible Expense Depreciation IncomeTaxReconciliationNondeductibleExpenseDepreciation	1500	USD
CY2014	us-gaap	Income Tax Reconciliation Nondeductible Expense Depreciation IncomeTaxReconciliationNondeductibleExpenseDepreciation	-1100	USD
CY2014Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses	223600	USD
CY2013Q4	us-gaap	Deferred Tax Assets Capital Loss Carryforwards DeferredTaxAssetsCapitalLossCarryforwards		USD
CY2014Q4	us-gaap	Deferred Tax Assets Capital Loss Carryforwards DeferredTaxAssetsCapitalLossCarryforwards	49600	USD
CY2014Q4	pweb	Capital Call Provision Percent Of Investment CapitalCallProvisionPercentOfInvestment	0.40	pure
CY2014Q4	pweb	Capital Call Provision Conversion Ratio One CapitalCallProvisionConversionRatioOne	1	pure
CY2014Q4	pweb	Capital Call Provision Percent Of Investment Two CapitalCallProvisionPercentOfInvestmentTwo	0.30	pure
CY2014Q4	pweb	Capital Call Provision Membership Voting Interest Approval Percentage CapitalCallProvisionMembershipVotingInterestApprovalPercentage	0.75	pure
CY2014Q4	pweb	Monthly Payments Under Operating Lease Agreement Year One MonthlyPaymentsUnderOperatingLeaseAgreementYearOne	4300	USD
CY2014Q4	pweb	Monthly Payments Under Operating Lease Agreement Year Two MonthlyPaymentsUnderOperatingLeaseAgreementYearTwo	4425	USD
CY2014Q4	pweb	Monthly Payments Under Operating Lease Agreement Year Three MonthlyPaymentsUnderOperatingLeaseAgreementYearThree	4550	USD
CY2014Q4	pweb	Monthly Payments Under Operating Lease Agreement Year Four MonthlyPaymentsUnderOperatingLeaseAgreementYearFour	4700	USD
CY2014Q4	pweb	Monthly Payments Under Operating Lease Agreement Year Five MonthlyPaymentsUnderOperatingLeaseAgreementYearFive	4825	USD
CY2014Q4	pweb	Capital Call Provision Conversion Ratio CapitalCallProvisionConversionRatio	0.1712	pure
CY2013	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	47600	USD
CY2013Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	4700	USD
CY2014Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	2300	USD
CY2014Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	3841000	USD
CY2013Q4	us-gaap	Deferred Tax Assets Other Tax Carryforwards DeferredTaxAssetsOtherTaxCarryforwards	2900	USD
CY2014Q4	us-gaap	Deferred Tax Assets Other Tax Carryforwards DeferredTaxAssetsOtherTaxCarryforwards	2900	USD
CY2013Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses	223600	USD
CY2013Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3000000	USD
CY2013	us-gaap	Income Tax Reconciliation Nondeductible Expense Impairment Losses IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses	112100	USD
CY2014	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments		USD
CY2014	us-gaap	Income Tax Reconciliation Nondeductible Expense Impairment Losses IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses		USD
CY2014Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	4114800	USD
CY2013Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet		USD
CY2014Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet		USD
CY2013	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-462400	USD
CY2014	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	193100	USD
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	10000000	shares
CY2013Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	2778200	USD
CY2014Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	9848800	USD
CY2012Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	92654	USD
CY2012Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	85935	USD
CY2012Q4	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	6719	USD
CY2013	us-gaap	Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations	92654	USD
CY2014	us-gaap	Operating Loss Carryforwards Expiration Date OperatingLossCarryforwardsExpirationDate	2034-12-31
CY2013	us-gaap	Revenues Revenues	1664100	USD
CY2014	us-gaap	Revenues Revenues	6578311	USD
CY2014	dei	Amendment Flag AmendmentFlag	false
CY2014	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2014	dei	Document Period End Date DocumentPeriodEndDate	2014-12-31
CY2014	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2014	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2014	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2014	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2014	dei	Entity Registrant Name EntityRegistrantName	PACIFIC WEBWORKS INC
CY2014	dei	Entity Central Index Key EntityCentralIndexKey	0001086303
CY2014	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
CY2014	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2014	dei	Document Type DocumentType	10-K

Files In Submission

Name	View Source	Status
0001548123-15-000093-index-headers.html	Edgar Link	pending
0001548123-15-000093-index.html	Edgar Link	pending
0001548123-15-000093.txt	Edgar Link	pending
0001548123-15-000093-xbrl.zip	Edgar Link	pending
ex311.htm	Edgar Link	pending
ex312.htm	Edgar Link	pending
ex32.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
pweb-20141231.xml	Edgar Link	completed
pweb-20141231.xsd	Edgar Link	pending
pweb-20141231_cal.xml	Edgar Link	unprocessable
pweb-20141231_def.xml	Edgar Link	unprocessable
pweb-20141231_lab.xml	Edgar Link	unprocessable
pweb-20141231_pre.xml	Edgar Link	unprocessable
pwebexh211.htm	Edgar Link	pending
pweb_201410kv4.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
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R11.htm	Edgar Link	pending
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R13.htm	Edgar Link	pending
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R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
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R25.htm	Edgar Link	pending
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R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$HCIL
Hongchang International Co., Ltd Stock $hcil

2014 Q4 Form 10-K Financial Statement

#000154812315000093 Filed on March 31, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HCIL Hongchang International Co., Ltd Stock $hcil

2014 Q4 Form 10-K Financial Statement

#000154812315000093 Filed on March 31, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HCIL
Hongchang International Co., Ltd Stock $hcil