10-Q Filing

ASIA GLOBAL HOLDINGS CORP. CIK: 1171689 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001144204-11-046398`
Period End Date	20110630
Filing Date	20110815
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	aagh-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 36 Cash Flow Statement 36 Stockholders Equity 9

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Series A convertible preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Series A convertible preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.39K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.32K	USD	Point-in-time
Series A convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Series A convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$20.51K	USD	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	250,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.00	USD	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$70.83K	USD	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	250,000.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$982.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.13K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	292.14M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$71.96K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	242.14M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$983.00	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	242.14M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	292.14M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$60.32K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$117.45K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$3.15K	USD	Point-in-time
Amount due to a director	`AmountDueToDirector`	$81.86K	USD	Point-in-time
Amount due to a director	`AmountDueToDirector`	$69.91K	USD	Point-in-time
Amount due to a stockholder	`DueToOfficersOrStockholdersCurrent`	$51.28K	USD	Point-in-time
Amount due to a stockholder	`DueToOfficersOrStockholdersCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$184.66K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$199.31K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A, convertible preferred stock, $0.001 par value; 500,000 shares authorized; 0 and 250,000 shares issued and outstanding shares, as of June 30, 2011 and September 30, 2010	`PreferredStockValue`	$250.00	USD	Point-in-time
Series A, convertible preferred stock, $0.001 par value; 500,000 shares authorized; 0 and 250,000 shares issued and outstanding shares, as of June 30, 2011 and September 30, 2010	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 300,000,000 shares authorized; 292,138,400 and 242,138,400 shares issued and outstanding, as of June 30, 2011 and September 30, 2010	`CommonStockValue`	$242.14K	USD	Point-in-time
Common stock, $0.001 par value; 300,000,000 shares authorized; 292,138,400 and 242,138,400 shares issued and outstanding, as of June 30, 2011 and September 30, 2010	`CommonStockValue`	$292.14K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-490.46K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-355.09K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-198.32K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-112.70K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$983.00	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$71.96K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`SalesRevenueServicesNet`	-	USD	1 Quarter
Revenues, net	`SalesRevenueServicesNet`	$32.51K	USD	1 Quarter
Revenues, net	`SalesRevenueServicesNet`	-	USD	3 Qtrs
Revenues, net	`SalesRevenueServicesNet`	$32.51K	USD	3 Qtrs
Cost of revenue	`CostOfServices`	-	USD	1 Quarter
Cost of revenue	`CostOfServices`	-	USD	3 Qtrs
Cost of revenue	`CostOfServices`	$15.00K	USD	3 Qtrs
Cost of revenue	`CostOfServices`	$15.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$17.51K	USD	3 Qtrs
Gross profit	`GrossProfit`	$17.51K	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	3 Qtrs
Gross profit	`GrossProfit`	-	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$58.55K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$88.77K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$17.18K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$60.13K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-60.13K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-41.04K	USD	3 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-88.77K	USD	3 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$331.00	USD	1 Quarter
Income tax credit	`IncomeTaxExpenseBenefit`	$-3.15K	USD	3 Qtrs
Income tax credit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax credit	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax credit	`IncomeTaxExpenseBenefit`	$-3.15K	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$331.00	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$-56.98K	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$-85.62K	USD	3 Qtrs
NET (LOSS) INCOME	`NetIncomeLoss`	$-41.04K	USD	3 Qtrs
Net (loss) income per share - Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Net (loss) income per share - Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net (loss) income per share - Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net (loss) income per share - Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Weighted average common shares outstanding - Basic and diluted (in shares)	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	242.14M	shares	1 Quarter
Weighted average common shares outstanding - Basic and diluted (in shares)	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	242.14M	shares	1 Quarter
Weighted average common shares outstanding - Basic and diluted (in shares)	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	242.14M	shares	3 Qtrs
Weighted average common shares outstanding - Basic and diluted (in shares)	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	242.14M	shares	3 Qtrs

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-85.62K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-41.04K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$331.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-56.98K	USD	1 Quarter
Depreciation	`Depreciation`	$216.00	USD	3 Qtrs
Depreciation	`Depreciation`	$144.00	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-25.18K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-20.51K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.35K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$57.13K	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.15K	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.99K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.29K	USD	3 Qtrs
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$396.00	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-396.00	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
(Repayment to) advances from a director	`AdvanceFromDirector`	$-39.33K	USD	3 Qtrs
(Repayment to) advances from a director	`AdvanceFromDirector`	$46.08K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.08K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-39.33K	USD	3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-50.32K	USD	3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$41.39K	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$50.32K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.00	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$42.39K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$42.39K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.00	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$50.32K	USD	Point-in-time
Cash paid for income taxes	`InterestPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for interest	`IncomeTaxesPaid`	-	USD	3 Qtrs

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-198.32K	USD	Point-in-time
Balance	`StockholdersEquity`	$-112.70K	USD	Point-in-time
Conversion of Series A preferred stock to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-85.62K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-41.04K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$331.00	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-56.98K	USD	1 Quarter
Balance	`StockholdersEquity`	$-198.32K	USD	Point-in-time
Balance	`StockholdersEquity`	$-112.70K	USD	Point-in-time

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