10-Q Filing

CHINA INTERNET CAFE HOLDINGS GROUP, INC. CIK: 1373846 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-030609`
Period End Date	20130331
Filing Date	20130520
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	cicc-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 48 Cash Flow Statement 54 Stockholders Equity 18

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Convertible preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Convertible preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.71M	USD	Point-in-time
Convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.82M	USD	Point-in-time
Convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Convertible preferred stock, shares issued	`PreferredStockSharesIssued`	4.27M	shares	Point-in-time
Convertible preferred stock, shares issued	`PreferredStockSharesIssued`	4.27M	shares	Point-in-time
Rental deposit	`RentalDepositCurrent`	$34.12K	USD	Point-in-time
Rental deposit	`RentalDepositCurrent`	$34.29K	USD	Point-in-time
Convertible preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Equipment deposit	`EquipmentDepositCurrent`	$7.47K	USD	Point-in-time
Equipment deposit	`EquipmentDepositCurrent`	$7.43K	USD	Point-in-time
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	4.27M	shares	Point-in-time
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	4.27M	shares	Point-in-time
Preferred stock, preference in liquidation (in dollars)	`PreferredStockLiquidationPreferenceValue`	-	USD	Point-in-time
Preferred stock, preference in liquidation (in dollars)	`PreferredStockLiquidationPreferenceValue`	$5.77M	USD	Point-in-time
Inventory	`InventoryNet`	$49.68K	USD	Point-in-time
Inventory	`InventoryNet`	$64.40K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$74.48K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$76.98K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$25.99M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$29.89M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	300,000.00	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$12.73M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$11.80M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.95M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.41M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.69M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$115.38K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.69M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.41M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.41M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$124.27K	USD	Point-in-time
Rental deposit-long-term portion	`RentalDepositNonCurrent`	$418.36K	USD	Point-in-time
Rental deposit-long-term portion	`RentalDepositNonCurrent`	$416.07K	USD	Point-in-time
Total assets	`Assets`	$42.23M	USD	Point-in-time
Total assets	`Assets`	$39.26M	USD	Point-in-time
Short term loan	`ShortTermBorrowings`	$158.70K	USD	Point-in-time
Short term loan	`ShortTermBorrowings`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$123.78K	USD	Point-in-time
Registration penalties payable	`RegistrationPenaltiesPayable`	$641.20K	USD	Point-in-time
Registration penalties payable	`RegistrationPenaltiesPayable`	$641.20K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.62M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.51M	USD	Point-in-time
Payroll and payroll related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$350.28K	USD	Point-in-time
Payroll and payroll related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$318.27K	USD	Point-in-time
Income and other taxes payable	`TaxesPayableCurrent`	$754.71K	USD	Point-in-time
Income and other taxes payable	`TaxesPayableCurrent`	$899.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$396.88K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$711.59K	USD	Point-in-time
Amount due to a shareholder	`DueToOfficersOrStockholdersCurrent`	$2.63M	USD	Point-in-time
Amount due to a shareholder	`DueToOfficersOrStockholdersCurrent`	$2.81M	USD	Point-in-time
Dividend payable on preferred stock	`DividendsPayableCurrent`	$72.73K	USD	Point-in-time
Dividend payable on preferred stock	`DividendsPayableCurrent`	$186.56K	USD	Point-in-time
Derivative financial instrument - preferred stock	`DerivativeFinancialInstrumentPreferredStock`	-	USD	Point-in-time
Derivative financial instrument - preferred stock	`DerivativeFinancialInstrumentPreferredStock`	$64.28K	USD	Point-in-time
Derivative financial instrument - warrants	`DerivativeFinancialInstrumentWarrants`	$52.20K	USD	Point-in-time
Derivative financial instrument - warrants	`DerivativeFinancialInstrumentWarrants`	$329.25K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.91M	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Converted Preferred stock ($0.00001 par value, 100,000,000 shares authorized, -0- and 4,274,703 shares issued and outstanding as of March 31, 2013 and December 31, 2012; preference in liquidation -$0 and $5,770,849, respectively)	`PreferredStockValue`	$3.68M	USD	Point-in-time
Converted Preferred stock ($0.00001 par value, 100,000,000 shares authorized, -0- and 4,274,703 shares issued and outstanding as of March 31, 2013 and December 31, 2012; preference in liquidation -$0 and $5,770,849, respectively)	`PreferredStockValue`	-	USD	Point-in-time
Common stock ($0.00001 par value, 100,000,000 shares authorized, 25,689,524 and 21,414,821 shares issued and outstanding as of March 31, 2013 and December 31, 2012)	`CommonStockValue`	$257.00	USD	Point-in-time
Common stock ($0.00001 par value, 100,000,000 shares authorized, 25,689,524 and 21,414,821 shares issued and outstanding as of March 31, 2013 and December 31, 2012)	`CommonStockValue`	$214.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$2.05M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$5.73M	USD	Point-in-time
Statutory surplus reserves	`StatutorySurplusReserves`	$718.74K	USD	Point-in-time
Statutory surplus reserves	`StatutorySurplusReserves`	$718.74K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$26.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.32M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.58M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.77M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityAttributableToParentExcludingPreferredStock`	$28.67M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityAttributableToParentExcludingPreferredStock`	$34.87M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$39.26M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$42.23M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$7.13M	USD	1 Quarter
Revenue	`Revenues`	$7.20M	USD	1 Quarter
Cost of revenue	`CostOfServices`	$5.01M	USD	1 Quarter
Cost of revenue	`CostOfServices`	$4.08M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.12M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.13M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$569.89K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$271.18K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$569.89K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$271.18K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.56M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.85M	USD	1 Quarter
Change in fair value of derivative financial instrument - preferred stock	`GainLossOnDerivativeInstrumentsPreferredStockNetPretax`	$-432.18K	USD	1 Quarter
Change in fair value of derivative financial instrument - preferred stock	`GainLossOnDerivativeInstrumentsPreferredStockNetPretax`	$64.28K	USD	1 Quarter
Change in fair value of derivative financial instrument - warrants	`GainLossOnDerivativeInstrumentsWarrantsNetPretax`	$277.05K	USD	1 Quarter
Change in fair value of derivative financial instrument - warrants	`GainLossOnDerivativeInstrumentsWarrantsNetPretax`	$-306.28K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$4.59K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$3.73K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.24K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Other expenses	`OtherNonoperatingExpense`	$145.00	USD	1 Quarter
Other expenses	`OtherNonoperatingExpense`	$143.00	USD	1 Quarter
Total non-operating income (expenses)	`NonoperatingIncomeExpense`	$-734.87K	USD	1 Quarter
Total non-operating income (expenses)	`NonoperatingIncomeExpense`	$340.54K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.19M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$824.01K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$756.34K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$495.45K	USD	1 Quarter
Net income	`NetIncomeLoss`	$328.56K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.44M	USD	1 Quarter
Dividend on preferred stock	`PreferredStockDividendsAndOtherAdjustments`	$113.84K	USD	1 Quarter
Dividend on preferred stock	`PreferredStockDividendsAndOtherAdjustments`	$71.94K	USD	1 Quarter
Net income attributable to China Internet Cafe Holdings Group, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$256.62K	USD	1 Quarter
Net income attributable to China Internet Cafe Holdings Group, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$328.56K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$180.06K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$196.69K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.63M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$508.62K	USD	1 Quarter
- Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
- Basic (in dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
- Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
- Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
- Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.28M	shares	1 Quarter
- Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	23.22M	shares	1 Quarter
- Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.69M	shares	1 Quarter
- Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.56M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$328.56K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.44M	USD	1 Quarter
Change in fair value of derivative financial instrument - preferred stock	`GainLossOnDerivativeInstrumentsPreferredStockNetPretax`	$-432.18K	USD	1 Quarter
Change in fair value of derivative financial instrument - preferred stock	`GainLossOnDerivativeInstrumentsPreferredStockNetPretax`	$64.28K	USD	1 Quarter
Change in fair value of derivative financial instrument- warrants	`GainLossOnDerivativeInstrumentsWarrantsNetPretax`	$277.05K	USD	1 Quarter
Change in fair value of derivative financial instrument- warrants	`GainLossOnDerivativeInstrumentsWarrantsNetPretax`	$-306.28K	USD	1 Quarter
Advisory fee	`TechnologyServicesCosts`	$105.00K	USD	1 Quarter
Advisory fee	`TechnologyServicesCosts`	-	USD	1 Quarter
Depreciation	`Depreciation`	$911.08K	USD	1 Quarter
Depreciation	`Depreciation`	$995.70K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$9.54K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$9.57K	USD	1 Quarter
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$-2.92K	USD	1 Quarter
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$1.48K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-97.76K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$14.42K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$123.58K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$47.56K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-39.83K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$106.59K	USD	1 Quarter
Payroll and payroll related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-33.88K	USD	1 Quarter
Payroll and payroll related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$38.83K	USD	1 Quarter
Income and other taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$139.90K	USD	1 Quarter
Income and other taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-283.42K	USD	1 Quarter
Accrued expenses and penalties payable	`IncreaseDecreaseInOtherAccruedLiabilities`	$312.76K	USD	1 Quarter
Accrued expenses and penalties payable	`IncreaseDecreaseInOtherAccruedLiabilities`	$186.61K	USD	1 Quarter
Amount due to a shareholder	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$168.29K	USD	1 Quarter
Amount due to a shareholder	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$101.28K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.24M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.90M	USD	1 Quarter
Short term loan repayments	`ProceedsFromLoanReceivableDueToTerminationOfInvestmentAgreement`	-	USD	1 Quarter
Short term loan repayments	`ProceedsFromLoanReceivableDueToTerminationOfInvestmentAgreement`	$-159.31K	USD	1 Quarter
Net cash flows used in financing activities:	`NetCashProvidedByUsedInInvestingActivities`	$-159.31K	USD	1 Quarter
Net cash flows used in financing activities:	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Effect of foreign currency translation on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$119.12K	USD	1 Quarter
Effect of foreign currency translation on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$149.56K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.36M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.90M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.82M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.71M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.99M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.63M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.99M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.63M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.71M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$25.82M	USD	Point-in-time
Interest paid	`InterestPaid`	$5.24K	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$600.20K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$599.02K	USD	1 Quarter
Dividend payable on preferred stock	`DividendsPreferredStockStock`	$186.56K	USD	1 Quarter
Dividend payable on preferred stock	`DividendsPreferredStockStock`	$71.94K	USD	1 Quarter
Advisory fee	`AdvisoryFee`	-	USD	1 Quarter
Advisory fee	`AdvisoryFee`	$105.00K	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$13.46M	USD	Point-in-time
Balance	`StockholdersEquity`	$23.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$34.87M	USD	Point-in-time
Balance	`StockholdersEquity`	$24.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$28.67M	USD	Point-in-time
Stock based compensation	`AdjustmentToAdditionalPaidInCapitalShareBasedCompensation`	$105.00K	USD	1 Quarter
Converted preferred stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$3.68M	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$-113.84K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$791.00	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$328.56K	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$2.44M	USD	1 Quarter
Foreign currency translation difference	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$180.06K	USD	1 Quarter
Foreign currency translation difference	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$196.69K	USD	1 Quarter
Balance	`StockholdersEquity`	$24.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$13.46M	USD	Point-in-time
Balance	`StockholdersEquity`	$23.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$34.87M	USD	Point-in-time
Balance	`StockholdersEquity`	$28.67M	USD	Point-in-time

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