10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001136261-13-000249 |
| Period End Date | 20130331 |
| Filing Date | 20130520 |
| Fiscal Year | 2013 |
| Fiscal Period | Q1 |
| XBRL Instance | gzgt-20130331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
61 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
|
$230.52K | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
91.81M | shares | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.45M | USD | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$69.27K | USD | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.27M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
62.81M | shares | Point-in-time |
| Short-term Investment |
ShortTermInvestments
|
$397.99K | USD | Point-in-time |
| Short-term Investment |
ShortTermInvestments
|
$395.81K | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
62.81M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
91.81M | shares | Point-in-time |
| Other receivables |
OtherReceivablesNetCurrent
|
- | USD | Point-in-time |
| Other receivables |
OtherReceivablesNetCurrent
|
$6.12K | USD | Point-in-time |
| Due from related parties |
DueFromRelatedPartiesCurrent
|
$197.65K | USD | Point-in-time |
| Due from related parties |
DueFromRelatedPartiesCurrent
|
$216.17K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$77.98K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$92.26K | USD | Point-in-time |
| Inventories |
InventoryNet
|
$99.50K | USD | Point-in-time |
| Inventories |
InventoryNet
|
$101.36K | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$2.08M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$2.22M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$79.88K | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$79.87K | USD | Point-in-time |
| Total Non-Current Assets |
AssetsNoncurrent
|
$79.88K | USD | Point-in-time |
| Total Non-Current Assets |
AssetsNoncurrent
|
$79.87K | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$2.30M | 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
|
$290.36K | USD | Point-in-time |
| Due to related parties |
DueToRelatedPartiesCurrent
|
$357.51K | USD | Point-in-time |
| Due to related parties |
DueToRelatedPartiesCurrent
|
$357.03K | USD | Point-in-time |
| Accrued liabilities and other payables |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$52.82K | USD | Point-in-time |
| Accrued liabilities and other payables |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$58.62K | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$664.16K | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$700.69K | USD | Point-in-time |
| Convertible debenture-non-current portion |
ConvertibleDebtNoncurrent
|
$1.30M | USD | Point-in-time |
| Convertible debenture-non-current portion |
ConvertibleDebtNoncurrent
|
$1.30M | USD | Point-in-time |
| Total Non-Current Liabilities |
LiabilitiesNoncurrent
|
$1.30M | USD | Point-in-time |
| Total Non-Current Liabilities |
LiabilitiesNoncurrent
|
$1.30M | USD | Point-in-time |
| TOTAL LIABILITIES |
Liabilities
|
$1.96M | USD | Point-in-time |
| TOTAL LIABILITIES |
Liabilities
|
$2.00M | USD | Point-in-time |
| Common stock US$0.01 par value; 1,000,000,000 authorized, 91,813,776 and 62,813,776 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively |
CommonStockValue
|
$628.14K | USD | Point-in-time |
| Common stock US$0.01 par value; 1,000,000,000 authorized, 91,813,776 and 62,813,776 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively |
CommonStockValue
|
$918.14K | USD | Point-in-time |
| Additional Paid in capital |
AdditionalPaidInCapitalCommonStock
|
$5.36M | USD | Point-in-time |
| Additional Paid in capital |
AdditionalPaidInCapitalCommonStock
|
$4.82M | USD | Point-in-time |
| Subscription receivable |
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
|
- | USD | Point-in-time |
| Subscription receivable |
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
|
$800.00K | USD | Point-in-time |
| Other Comprehensive Income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-343.20K | USD | Point-in-time |
| Other Comprehensive Income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-334.86K | USD | Point-in-time |
| Retained Earnings |
RetainedEarningsAccumulatedDeficit
|
$-5.00M | USD | Point-in-time |
| Retained Earnings |
RetainedEarningsAccumulatedDeficit
|
$-5.05M | USD | Point-in-time |
| Non-controlling Interest |
MinorityInterest
|
$138.20K | USD | Point-in-time |
| Non-controlling Interest |
MinorityInterest
|
$156.36K | USD | Point-in-time |
| TOTAL STOCKHOLDERS' EQUITY |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$297.68K | 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 LIABILITIES AND STOCKHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$2.30M | USD | Point-in-time |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$2.16M | USD | Point-in-time |
Income Statement
45 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Sales |
Revenues
|
$3.04M | USD | 1 Quarter |
| Sales |
Revenues
|
$9.10M | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$8.88M | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$2.96M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$221.87K | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$76.11K | USD | 1 Quarter |
| Administrative and general expenses |
GeneralAndAdministrativeExpense
|
$110.33K | USD | 1 Quarter |
| Administrative and general expenses |
GeneralAndAdministrativeExpense
|
$119.47K | USD | 1 Quarter |
| Total operating expense |
OperatingExpenses
|
$110.33K | USD | 1 Quarter |
| Total operating expense |
OperatingExpenses
|
$119.47K | USD | 1 Quarter |
| Income (loss) from Operations |
OperatingIncomeLoss
|
$-34.22K | USD | 1 Quarter |
| Income (loss) from Operations |
OperatingIncomeLoss
|
$102.39K | USD | 1 Quarter |
| Gain on forgiveness of long term debt |
DebtInstrumentDecreaseForgiveness
|
$-1.57M | USD | 1 Quarter |
| Gain on forgiveness of long term debt |
DebtInstrumentDecreaseForgiveness
|
$-1.57M | USD | Annual |
| Gain on forgiveness of long term debt |
DebtInstrumentDecreaseForgiveness
|
- | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
$119.38K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
- | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$2.00 | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$6.00 | USD | 1 Quarter |
| Other expenses |
OtherNonoperatingExpense
|
$505.00 | USD | 1 Quarter |
| Other expenses |
OtherNonoperatingExpense
|
- | USD | 1 Quarter |
| Income before taxation |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$1.65M | USD | 1 Quarter |
| Income before taxation |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$102.39K | USD | 1 Quarter |
| Income tax |
IncomeTaxExpenseBenefit
|
$16.13K | USD | 1 Quarter |
| Income tax |
IncomeTaxExpenseBenefit
|
$40.53K | USD | 1 Quarter |
| Net Income (Loss) |
ProfitLoss
|
$1.63M | USD | 1 Quarter |
| Net Income (Loss) |
ProfitLoss
|
$61.87K | USD | 1 Quarter |
| Foreign currency translation change |
ForeignCurrencyTransactionGainLossUnrealized
|
$8.33K | USD | 1 Quarter |
| Foreign currency translation change |
ForeignCurrencyTransactionGainLossUnrealized
|
$-3.88K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$1.63M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$70.20K | USD | 1 Quarter |
| Net income attributable to non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$38.46K | USD | Annual |
| Net income attributable to non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$23.72K | USD | 1 Quarter |
| Net income attributable to non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$18.16K | USD | 1 Quarter |
| Net Income (Loss) Attributable to the Company |
NetIncomeLoss
|
$43.71K | USD | 1 Quarter |
| Net Income (Loss) Attributable to the Company |
NetIncomeLoss
|
$1.61M | USD | 1 Quarter |
| Net Income (Loss) Attributable to the Company |
NetIncomeLoss
|
$1.50M | USD | Annual |
| Basic |
EarningsPerShareBasic
|
$0.02 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
- | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.02 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
- | USD | 1 Quarter |
| -Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
104.20M | shares | 1 Quarter |
| -Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
66.38M | shares | 1 Quarter |
| -Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
104.20M | shares | 1 Quarter |
| -Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
66.38M | shares | 1 Quarter |
Cash Flow Statement
53 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$43.71K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.61M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.50M | USD | Annual |
| Non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$38.46K | USD | Annual |
| Non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$23.72K | USD | 1 Quarter |
| Non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$18.16K | USD | 1 Quarter |
| Ordinary gain on bargain |
OrdinaryGainOnBargain
|
- | USD | 1 Quarter |
| Ordinary gain on bargain |
OrdinaryGainOnBargain
|
$119.02K | USD | 1 Quarter |
| Gain on forgiveness of long term debt |
DebtInstrumentDecreaseForgiveness
|
$-1.57M | USD | 1 Quarter |
| Gain on forgiveness of long term debt |
DebtInstrumentDecreaseForgiveness
|
$-1.57M | USD | Annual |
| Gain on forgiveness of long term debt |
DebtInstrumentDecreaseForgiveness
|
- | USD | 1 Quarter |
| Stock compensation |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Stock compensation |
ShareBasedCompensation
|
$30.00K | USD | 1 Quarter |
| Decrease (Increase) in other receivables |
IncreaseDecreaseInOtherReceivables
|
$-6.12K | USD | 1 Quarter |
| Decrease (Increase) in other receivables |
IncreaseDecreaseInOtherReceivables
|
$-204.25K | USD | 1 Quarter |
| Decrease (Increase) in amount due from related parties |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-332.06K | USD | 1 Quarter |
| Decrease (Increase) in amount due from related parties |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-18.52K | USD | 1 Quarter |
| Decrease (Increase) in prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$14.29K | USD | 1 Quarter |
| Decrease (Increase) in prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
- | USD | 1 Quarter |
| Decrease (Increase) in purchase deposit |
IncreaseDecreaseInDepositOtherAssets
|
- | USD | 1 Quarter |
| Decrease (Increase) in purchase deposit |
IncreaseDecreaseInDepositOtherAssets
|
$-79.59K | USD | 1 Quarter |
| Decrease (Increase) in inventories |
IncreaseDecreaseInInventories
|
$-1.87K | USD | 1 Quarter |
| Decrease (Increase) in inventories |
IncreaseDecreaseInInventories
|
$152.10K | USD | 1 Quarter |
| Increase (decrease) in tax payables |
IncreaseDecreaseInAccruedTaxesPayable
|
$41.85K | USD | 1 Quarter |
| Increase (decrease) in tax payables |
IncreaseDecreaseInAccruedTaxesPayable
|
$29.11K | USD | 1 Quarter |
| Increase (decrease) in accrued liabilities and other payables |
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
$-49.25K | USD | 1 Quarter |
| Increase (decrease) in accrued liabilities and other payables |
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
$-5.80K | USD | 1 Quarter |
| Increase (decrease) in due to related parties |
IncreaseDecreaseInDueToRelatedParties
|
$475.00 | USD | 1 Quarter |
| Increase (decrease) in due to related parties |
IncreaseDecreaseInDueToRelatedParties
|
- | USD | 1 Quarter |
| Net cash provided by/(used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$169.19K | USD | 1 Quarter |
| Net cash provided by/(used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$393.17K | USD | 1 Quarter |
| Net cash inflow from purchase of subsidiary - China Teletech Limited |
ProceedsFromMinorityShareholders
|
- | USD | 1 Quarter |
| Net cash inflow from purchase of subsidiary - China Teletech Limited |
ProceedsFromMinorityShareholders
|
$1.78M | USD | 1 Quarter |
| Payments for deposits |
PaymentsForDepositsPurchased
|
$8.00 | USD | 1 Quarter |
| Payments for deposits |
PaymentsForDepositsPurchased
|
$135.62K | USD | 1 Quarter |
| Disposal for short-term investment |
ProceedsFromSaleOfShortTermInvestments
|
$201.77K | USD | 1 Quarter |
| Disposal for short-term investment |
ProceedsFromSaleOfShortTermInvestments
|
$-2.17K | USD | 1 Quarter |
| Net cash provided by/(used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-2.18K | USD | 1 Quarter |
| Net cash provided by/(used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$1.85M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
- | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
- | USD | 1 Quarter |
| Net Increase/(Decrease) in Cash & Cash Equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$167.01K | USD | 1 Quarter |
| Net Increase/(Decrease) in Cash & Cash Equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$2.24M | USD | 1 Quarter |
| Effect of Currency Translation |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-3.88K | USD | 1 Quarter |
| Effect of Currency Translation |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$8.33K | USD | 1 Quarter |
| Cash & Cash Equivalents at Beginning of Period |
CashAndCashEquivalentsAtCarryingValue
|
$230.52K | USD | Point-in-time |
| Cash & Cash Equivalents at Beginning of Period |
CashAndCashEquivalentsAtCarryingValue
|
$1.45M | USD | Point-in-time |
| 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 End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$230.52K | USD | Point-in-time |
| Cash & Cash Equivalents at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$1.45M | 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 |
Stockholders Equity
25 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$297.68K | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$197.47K | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$-2.69M | USD | Point-in-time |
| Issuance of common stock |
StockIssuedDuringPeriodValueNewIssues
|
- | USD | 1 Quarter |
| Issuance of common stock (Shares) |
StockIssuedDuringPeriodSharesNewIssues
|
28.00M | shares | 1 Quarter |
| Issuance of share based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$30.00K | USD | 1 Quarter |
| Issuance of share based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$529.79K | USD | Annual |
| Issuance of share based compensation (Shares) |
StockIssuedDuringPeriodSharesShareBasedCompensation
|
1.00M | shares | 1 Quarter |
| Reverse common stock split 1 for 10 |
AdjustmentsToAdditionalPaidInCapitalStockSplit
|
- | USD | Annual |
| Value of stock to acquire China Teletech Limited |
StockIssuedDuringPeriodValueAcquisitions
|
$1.41M | USD | Annual |
| Value of stock to acquire China Teletech Limited (Shares) |
StockIssuedDuringPeriodSharesAcquisitions
|
0.00 | shares | 1 Quarter |
| Value of stock to acquire China Teletech Limited (Shares) |
StockIssuedDuringPeriodSharesAcquisitions
|
40.00M | shares | 1 Quarter |
| Cancellation of shares issued |
StockRepurchasedAndRetiredDuringPeriodValue
|
$-32.70K | USD | Annual |
| Net Income |
NetIncomeLoss
|
$43.71K | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$1.61M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$1.50M | USD | Annual |
| Dividends paid to non-controlling shareholders |
Dividends
|
$-193.95K | USD | Annual |
| Non-controlling Interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$38.46K | USD | Annual |
| Non-controlling Interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$23.72K | USD | 1 Quarter |
| Non-controlling Interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$18.16K | USD | 1 Quarter |
| Foreign Currency Translation |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$-375.43K | USD | Annual |
| Foreign Currency Translation |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$8.33K | USD | 1 Quarter |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$297.68K | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$197.47K | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$-2.69M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.