10-K Filing

CLUSTER GROUP HOLDINGS LTD CO CIK: 1346287 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001136261-13-000192`
Period End Date	20121231
Filing Date	20130422
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	gzgt-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 50 Cash Flow Statement 68 Stockholders Equity 21

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.27K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	62.81M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	185.28M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$159.93K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	185.28M	shares	Point-in-time
Short-term Investment	`ShortTermInvestments`	$597.04K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	62.81M	shares	Point-in-time
Short-term Investment	`ShortTermInvestments`	$395.81K	USD	Point-in-time
Other Receivables	`AccountsReceivableGrossCurrent`	$204.25K	USD	Point-in-time
Other Receivables	`AccountsReceivableGrossCurrent`	$6.12K	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$904.85K	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$216.17K	USD	Point-in-time
Purchase deposits	`DepositsAssetsCurrent`	-	USD	Point-in-time
Purchase deposits	`DepositsAssetsCurrent`	$23.05K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$92.26K	USD	Point-in-time
Inventories	`InventoryNet`	$101.36K	USD	Point-in-time
Inventories	`InventoryNet`	$549.91K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.35M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.08M	USD	Point-in-time
Property, plant & equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Property, plant & equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$71.14K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$79.87K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$71.14K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$79.87K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.42M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.16M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$248.51K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$2.08M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$30.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$357.03K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndAccruedLiabilitiesCurrent`	$127.55K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndAccruedLiabilitiesCurrent`	$58.62K	USD	Point-in-time
Convertible debenture - current portion	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Convertible debenture - current portion	`ConvertibleDebtCurrent`	$2.87M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$664.16K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.10M	USD	Point-in-time
Convertible debenture-non-current portion	`ConvertibleDebtNoncurrent`	$1.30M	USD	Point-in-time
Convertible debenture-non-current portion	`ConvertibleDebtNoncurrent`	-	USD	Point-in-time
Total Non-Current Liabilities	`LiabilitiesNoncurrent`	$1.30M	USD	Point-in-time
Total Non-Current Liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.10M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.96M	USD	Point-in-time
Common stock US$0.01 par value; 1,000,000,000 authorized, 62,813,776 and 185,283,627 shares issued and outstanding at December 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$628.14K	USD	Point-in-time
Common stock US$0.01 par value; 1,000,000,000 authorized, 62,813,776 and 185,283,627 shares issued and outstanding at December 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$1.85M	USD	Point-in-time
Additional Paid in capital	`AdditionalPaidInCapitalCommonStock`	$4.82M	USD	Point-in-time
Additional Paid in capital	`AdditionalPaidInCapitalCommonStock`	$1.68M	USD	Point-in-time
Other Comprehensive Income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-343.20K	USD	Point-in-time
Other Comprehensive Income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$32.23K	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-6.55M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-5.05M	USD	Point-in-time
Non-controlling Interest	`MinorityInterest`	$138.20K	USD	Point-in-time
Non-controlling Interest	`MinorityInterest`	$293.69K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.47K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.69M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.90M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$2.16M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$2.42M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$18.85M	USD	Annual
Sales	`Revenues`	$26.62M	USD	Annual
Cost of sales	`CostOfRevenue`	$25.89M	USD	Annual
Cost of sales	`CostOfRevenue`	$18.43M	USD	Annual
Gross profit	`GrossProfit`	$420.21K	USD	Annual
Gross profit	`GrossProfit`	$731.07K	USD	Annual
Administrative and general expenses	`GeneralAndAdministrativeExpense`	$1.27M	USD	Annual
Administrative and general expenses	`GeneralAndAdministrativeExpense`	$806.39K	USD	Annual
Operating expenses	`OtherGeneralAndAdministrativeExpense`	$4.65K	USD	Annual
Operating expenses	`OtherGeneralAndAdministrativeExpense`	-	USD	Annual
Total operating expense	`OperatingExpenses`	$806.39K	USD	Annual
Total operating expense	`OperatingExpenses`	$1.28M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-386.17K	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-546.66K	USD	Annual
Gain on disposal of a subsidiary	`GainOrLossOnSaleOfStockInSubsidiary`	$466.56K	USD	Annual
Gain on disposal of a subsidiary	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	Annual
Other income	`OtherNonoperatingIncome`	$152.29K	USD	Annual
Other income	`OtherNonoperatingIncome`	$201.15K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$15.46K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$65.00	USD	Annual
Other expenses	`OtherNonoperatingExpense`	$120.85K	USD	Annual
Other expenses	`OtherNonoperatingExpense`	$533.00	USD	Annual
Interest expense	`InterestExpense`	$327.00	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Income before taxation	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-290.41K	USD	Annual
Income before taxation	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$71.39K	USD	Annual
Income tax	`IncomeTaxExpenseBenefit`	$17.85K	USD	Annual
Income tax	`IncomeTaxExpenseBenefit`	$57.71K	USD	Annual
Net Income (Loss)	`IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple`	$-348.12K	USD	Annual
Net Income (Loss)	`IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple`	$53.54K	USD	Annual
Extra-Ordinary Gain on Forgiveness of Debt, Net of Tax	`OtherExtraordinaryGainLoss`	-	USD	Annual
Extra-Ordinary Gain on Forgiveness of Debt, Net of Tax	`OtherExtraordinaryGainLoss`	$1.49M	USD	Annual
Net Earning After Tax	`ProfitLoss`	$-348.12K	USD	Annual
Net Earning After Tax	`ProfitLoss`	$1.54M	USD	Annual
Foreign currency translation change	`ForeignCurrencyTransactionGainLossUnrealized`	$21.36K	USD	Annual
Foreign currency translation change	`ForeignCurrencyTransactionGainLossUnrealized`	$-375.43K	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-326.77K	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$1.17M	USD	Annual
Net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$61.16K	USD	Annual
Net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$38.46K	USD	Annual
Net Income (Loss) Attributable to the Company	`NetIncomeLoss`	$-409.29K	USD	Annual
Net Income (Loss) Attributable to the Company	`NetIncomeLoss`	$1.50M	USD	Annual
Basic	`EarningsPerShareBasic`	$0.02	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.02	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.02	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.02	USD	Annual
-Basic (adjusted for 1 for 10 reverse stock split)	`WeightedAverageNumberOfSharesOutstandingBasic`	15.35M	shares	Annual
-Basic (adjusted for 1 for 10 reverse stock split)	`WeightedAverageNumberOfSharesOutstandingBasic`	72.57M	shares	Annual
-Diluted (adjusted for 1 for 10 reverse stock split)	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.35M	shares	Annual
-Diluted (adjusted for 1 for 10 reverse stock split)	`WeightedAverageNumberOfDilutedSharesOutstanding`	72.57M	shares	Annual

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-409.29K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$1.50M	USD	Annual
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$61.16K	USD	Annual
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$38.46K	USD	Annual
Ordinary gain on bargain	`OrdinaryGainOnBargain`	-	USD	Annual
Ordinary gain on bargain	`OrdinaryGainOnBargain`	$119.02K	USD	Annual
Gain on disposal of subsidiary - GGT	`GainOnDisposalOfSubsidiaryGgt`	$1.37M	USD	Annual
Gain on disposal of subsidiary - GGT	`GainOnDisposalOfSubsidiaryGgt`	-	USD	Annual
Loss on disposal of subsidiary - Shenzhen Rongxin	`LossOnSaleOfStockIinSubsidiary`	-	USD	Annual
Loss on disposal of subsidiary - Shenzhen Rongxin	`LossOnSaleOfStockIinSubsidiary`	$905.04K	USD	Annual
Gain on forgiveness of long term debt	`DebtInstrumentDecreaseForgiveness`	$-1.57M	USD	Annual
Gain on forgiveness of long term debt	`DebtInstrumentDecreaseForgiveness`	-	USD	Annual
Stock compensation	`ShareBasedCompensation`	$529.79K	USD	Annual
Stock compensation	`ShareBasedCompensation`	$289.43K	USD	Annual
Gain on stock cancellation	`GainLossOnStockCancellation`	-	USD	Annual
Gain on stock cancellation	`GainLossOnStockCancellation`	$-32.70K	USD	Annual
Loss on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-7.50K	USD	Annual
Loss on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Decrease/(Increase) in other receivables	`IncreaseDecreaseInOtherReceivables`	$-197.43K	USD	Annual
Decrease/(Increase) in other receivables	`IncreaseDecreaseInOtherReceivables`	$-7.92K	USD	Annual
Decrease/(Increase) in amount due from a related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$451.11K	USD	Annual
Decrease/(Increase) in amount due from a related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-47.28K	USD	Annual
Decrease/(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$10.08K	USD	Annual
Decrease/(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$43.66K	USD	Annual
Decrease/(Increase) in purchase deposit	`IncreaseDecreaseInDepositOtherAssets`	$-158.65K	USD	Annual
Decrease/(Increase) in purchase deposit	`IncreaseDecreaseInDepositOtherAssets`	$23.05K	USD	Annual
Decrease/(Increase) in inventories	`IncreaseDecreaseInInventories`	$-542.12K	USD	Annual
Decrease/(Increase) in inventories	`IncreaseDecreaseInInventories`	$-405.20K	USD	Annual
Increase/(decrease) in tax payables	`IncreaseDecreaseInAccruedTaxesPayable`	$113.15K	USD	Annual
Increase/(decrease) in tax payables	`IncreaseDecreaseInAccruedTaxesPayable`	$101.96K	USD	Annual
Increase/(decrease) in accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$133.42K	USD	Annual
Increase/(decrease) in accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-181.32K	USD	Annual
Increase/(decrease) VAT payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$8.76K	USD	Annual
Increase/(decrease) VAT payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$45.38K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.97K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$982.16K	USD	Annual
Net cash inflow from purchase of subsidiary	`ProceedsFromMinorityShareholders`	-	USD	Annual
Net cash inflow from purchase of subsidiary	`ProceedsFromMinorityShareholders`	$1.78M	USD	Annual
Net cash inflow from disposal of a subsidiary- GGT	`ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries`	$569.00	USD	Annual
Net cash inflow from disposal of a subsidiary- GGT	`ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries`	-	USD	Annual
Net cash outflow from disposal of a subsidiary - Shenzhen Rongxin	`NetCashOutflowFromDisposalOfSubsidiaryShenzhenRongxin`	$1.55M	USD	Annual
Net cash outflow from disposal of a subsidiary - Shenzhen Rongxin	`NetCashOutflowFromDisposalOfSubsidiaryShenzhenRongxin`	-	USD	Annual
Sale of equipment	`ProceedsFromSaleOfProductiveAssets`	-	USD	Annual
Sale of equipment	`ProceedsFromSaleOfProductiveAssets`	$12.00	USD	Annual
Payments for deposits	`PaymentsForDepositsPurchased`	$17.57K	USD	Annual
Payments for deposits	`PaymentsForDepositsPurchased`	$8.14K	USD	Annual
Sales of short-term investment	`ProceedsFromSaleOfShortTermInvestments`	$201.23K	USD	Annual
Sales of short-term investment	`ProceedsFromSaleOfShortTermInvestments`	-	USD	Annual
Purchase for short-term investment	`PaymentsToAcquireShortTermInvestments`	-	USD	Annual
Purchase for short-term investment	`PaymentsToAcquireShortTermInvestments`	$370.18K	USD	Annual
Net cash provided by/(used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-378.31K	USD	Annual
Net cash provided by/(used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$419.34K	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$343.27K	USD	Annual
Dividend paid to minority interests of subsidiaries	`PaymentsOfDividendsMinorityInterest`	$88.95K	USD	Annual
Dividend paid to minority interests of subsidiaries	`PaymentsOfDividendsMinorityInterest`	$193.95K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-193.95K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$254.32K	USD	Annual
Net Increase/(Decrease) in Cash & Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.21M	USD	Annual
Net Increase/(Decrease) in Cash & Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-112.02K	USD	Annual
Effect of Currency Translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$21.36K	USD	Annual
Effect of Currency Translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-6.79K	USD	Annual
Cash & Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$69.27K	USD	Point-in-time
Cash & Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Cash & Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$159.93K	USD	Point-in-time
Cash & Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$69.27K	USD	Point-in-time
Cash & Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Cash & Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$159.93K	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.47K	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.69M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.90M	USD	Point-in-time
Beginning Balance (Shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$343.27K	USD	Annual
Issuance of common stock (Shares)	`StockIssuedDuringPeriodSharesNewIssues`	0.00	shares	Annual
Issuance of share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$289.43K	USD	Annual
Issuance of share based compensation (Shares)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	0.00	shares	Annual
Issuance of share based compensation (Shares)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	0.00	shares	Annual
Value of stock to acquire China Teletech Limited (Shares)	`StockIssuedDuringPeriodSharesAcquisitions`	0.00	shares	Annual
Net Income/(Loss)	`NetIncomeLoss`	$-409.29K	USD	Annual
Net Income/(Loss)	`NetIncomeLoss`	$1.50M	USD	Annual
Dividends paid to non-controlling shareholders	`Dividends`	$-193.95K	USD	Annual
Dividends paid to non-controlling shareholders	`Dividends`	$-88.95K	USD	Annual
Non-controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$61.16K	USD	Annual
Non-controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$38.46K	USD	Annual
Foreign Currency Translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$21.36K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.47K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.69M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.90M	USD	Point-in-time
Balance (Shares)	`SharesOutstanding`	0.00	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.