10-K Filing

CLUSTER GROUP HOLDINGS LTD CO CIK: 1346287 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001144204-14-023762`
Period End Date	20131231
Filing Date	20140421
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	gzgt-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 52 Cash Flow Statement 61 Stockholders Equity 27

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, 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`	$517.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	97.81M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	62.81M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.27K	USD	Point-in-time
Short-term Investment	`ShortTermInvestments`	$395.81K	USD	Point-in-time
Short-term Investment	`ShortTermInvestments`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	62.81M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	97.81M	shares	Point-in-time
Other receivables	`AccountsReceivableGrossCurrent`	$6.12K	USD	Point-in-time
Other receivables	`AccountsReceivableGrossCurrent`	$606.97K	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$216.17K	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$468.49K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$92.26K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Inventories	`InventoryNet`	$101.36K	USD	Point-in-time
Inventories	`InventoryNet`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.08M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.08M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$78.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$79.87K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$78.00K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$79.87K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.16M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.15M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$248.51K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$234.71K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$357.03K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndAccruedLiabilitiesCurrent`	$58.62K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndAccruedLiabilitiesCurrent`	$58.45K	USD	Point-in-time
Convertible debenture - current portion	`ConvertibleDebtCurrent`	$1.30M	USD	Point-in-time
Convertible debenture - current portion	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.59M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$664.16K	USD	Point-in-time
Convertible debenture-non-current portion	`ConvertibleDebtNoncurrent`	-	USD	Point-in-time
Convertible debenture-non-current portion	`ConvertibleDebtNoncurrent`	$1.30M	USD	Point-in-time
Total Non-Current Liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total Non-Current Liabilities	`LiabilitiesNoncurrent`	$1.30M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.59M	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, 97,813,776 and 62,813,776 shares issued and outstanding at December 31, 2013 and 2012, respectively.	`CommonStockValue`	$628.14K	USD	Point-in-time
Common stock US$0.01 par value; 1,000,000,000 authorized, 97,813,776 and 62,813,776 shares issued and outstanding at December 31, 2013 and 2012, respectively.	`CommonStockValue`	$978.14K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapitalCommonStock`	$4.82M	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapitalCommonStock`	$5.84M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-401.57K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-343.20K	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-6.85M	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`	-	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.69M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-439.19K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.47K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.15M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$2.16M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$26.62M	USD	Annual
Sales	`Revenues`	$30.88M	USD	Annual
Cost of sales	`CostOfRevenue`	$30.42M	USD	Annual
Cost of sales	`CostOfRevenue`	$25.89M	USD	Annual
Gross profit	`GrossProfit`	$462.54K	USD	Annual
Gross profit	`GrossProfit`	$731.07K	USD	Annual
Operating expenses	`OperatingCostsAndExpenses`	$4.65K	USD	Annual
Operating expenses	`OperatingCostsAndExpenses`	-	USD	Annual
Administrative and general expenses	`GeneralAndAdministrativeExpense`	$1.68M	USD	Annual
Administrative and general expenses	`GeneralAndAdministrativeExpense`	$1.27M	USD	Annual
Total operating expense	`OperatingExpenses`	$1.68M	USD	Annual
Total operating expense	`OperatingExpenses`	$1.28M	USD	Annual
Income (Loss) from Operations	`OperatingIncomeLoss`	$-1.21M	USD	Annual
Income (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`	$52.29K	USD	Annual
Other income	`OtherNonoperatingIncome`	-	USD	Annual
Other income	`OtherNonoperatingIncome`	$152.29K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$65.00	USD	Annual
Interest income	`InvestmentIncomeInterest`	$14.00	USD	Annual
Other expenses	`OtherNonoperatingExpense`	$533.00	USD	Annual
Other expenses	`OtherNonoperatingExpense`	$800.00K	USD	Annual
Interest expense	`InterestExpense`	$16.00	USD	Annual
Interest expense	`InterestExpense`	$327.00	USD	Annual
Income before taxation	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.96M	USD	Annual
Income before taxation	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$71.39K	USD	Annual
Income tax	`IncomeTaxExpenseBenefit`	$17.85K	USD	Annual
Income tax	`IncomeTaxExpenseBenefit`	$84.00	USD	Annual
Net Income (Loss)	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$53.54K	USD	Annual
Net Income (Loss)	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.96M	USD	Annual
Extra-Ordinary Gain on Forgiveness of Debt, Net of Tax	`ExtraordinaryItemNetOfTax`	$1.49M	USD	Annual
Extra-Ordinary Gain on Forgiveness of Debt, Net of Tax	`ExtraordinaryItemNetOfTax`	-	USD	Annual
Net Earnings After Tax	`ProfitLoss`	$1.54M	USD	Annual
Net Earnings After Tax	`ProfitLoss`	$-1.96M	USD	Annual
Foreign currency translation change	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-375.43K	USD	Annual
Foreign currency translation change	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-58.37K	USD	Annual
Comprehensive income (loss):	`ComprehensiveIncomeNetOfTax`	$1.17M	USD	Annual
Comprehensive income (loss):	`ComprehensiveIncomeNetOfTax`	$-2.02M	USD	Annual
Net (income) loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$156.80K	USD	Annual
Net (income) loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-38.46K	USD	Annual
Net income (loss) attributable to the Company	`NetIncomeLoss`	$-1.81M	USD	Annual
Net income (loss) attributable to the Company	`NetIncomeLoss`	$1.50M	USD	Annual
Net income (loss)	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-1.96M	USD	Annual
Net income (loss)	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$1.54M	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`	72.57M	shares	Annual
-Basic (adjusted for 1 for 10 reverse stock split)	`WeightedAverageNumberOfSharesOutstandingBasic`	97.81M	shares	Annual
-Diluted (adjusted for 1 for 10 reverse stock split)	`WeightedAverageNumberOfDilutedSharesOutstanding`	97.81M	shares	Annual
-Diluted (adjusted for 1 for 10 reverse stock split)	`WeightedAverageNumberOfDilutedSharesOutstanding`	72.57M	shares	Annual

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) attributable to the Company	`NetIncomeLoss`	$-1.81M	USD	Annual
Net income (loss) attributable to the Company	`NetIncomeLoss`	$1.50M	USD	Annual
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$156.80K	USD	Annual
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-38.46K	USD	Annual
Ordinary gain on bargain	`OrdinaryGainOnBargain`	$119.02K	USD	Annual
Ordinary gain on bargain	`OrdinaryGainOnBargain`	-	USD	Annual
Gain on forgiveness of long term debt	`DebtInstrumentDecreaseForgiveness`	-	USD	Annual
Gain on forgiveness of long term debt	`DebtInstrumentDecreaseForgiveness`	$-1.57M	USD	Annual
Stock compensation	`ShareBasedCompensation`	$102.00K	USD	Annual
Stock compensation	`ShareBasedCompensation`	$529.79K	USD	Annual
Loss on stock issuance	`GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome`	$-800.00K	USD	Annual
Loss on stock issuance	`GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome`	-	USD	Annual
Gain on stock cancellation	`GainLossOnStockCancellation`	$32.70K	USD	Annual
Gain on stock cancellation	`GainLossOnStockCancellation`	-	USD	Annual
Loss on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Loss on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Decrease/(Increase) in other receivables	`IncreaseDecreaseInOtherReceivables`	$288.31K	USD	Annual
Decrease/(Increase) in other receivables	`IncreaseDecreaseInOtherReceivables`	$-197.43K	USD	Annual
Decrease/(Increase) in amount due from a related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-47.28K	USD	Annual
Decrease/(Increase) in amount due from a related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$908.90K	USD	Annual
Decrease/(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-85.71K	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`	$258.00	USD	Annual
Decrease/(Increase) in inventories	`IncreaseDecreaseInInventories`	$-405.20K	USD	Annual
Decrease/(Increase) in inventories	`IncreaseDecreaseInInventories`	$-101.36K	USD	Annual
Increase/(decrease) in tax payables	`IncreaseDecreaseInAccruedTaxesPayable`	$-125.84K	USD	Annual
Increase/(decrease) in tax payables	`IncreaseDecreaseInAccruedTaxesPayable`	$101.96K	USD	Annual
Increase/(decrease) in accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$14.72K	USD	Annual
Increase/(decrease) in accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$133.42K	USD	Annual
Increase/(Decrease) in amount due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$260.07K	USD	Annual
Increase/(Decrease) in amount due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	-	USD	Annual
Increase/(decrease) VAT payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$132.37K	USD	Annual
Increase/(decrease) VAT payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$8.76K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.84M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$982.16K	USD	Annual
Net cash inflow from purchase of subsidiary	`ProceedsFromMinorityShareholders`	$1.78M	USD	Annual
Sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	-	USD	Annual
Sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	-	USD	Annual
Payments for deposits	`PaymentsForProceedsFromDepositOnLoan`	$-1.87K	USD	Annual
Payments for deposits	`PaymentsForProceedsFromDepositOnLoan`	$17.57K	USD	Annual
Sales of short-term investment	`ProceedsFromSaleOfShortTermInvestments`	$230.98K	USD	Annual
Sales of short-term investment	`ProceedsFromSaleOfShortTermInvestments`	$201.23K	USD	Annual
Net cash provided by/(used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$419.34K	USD	Annual
Net cash provided by/(used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$233.27K	USD	Annual
Inflows of additional paid in capital	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Inflows of additional paid in capital	`ProceedsFromIssuanceOfCommonStock`	$463.46K	USD	Annual
Dividend paid to minority interests of subsidiaries	`PaymentsOfDividendsMinorityInterest`	$150.41K	USD	Annual
Dividend paid to minority interests of subsidiaries	`PaymentsOfDividendsMinorityInterest`	$193.95K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-193.95K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$313.05K	USD	Annual
Net Increase/(Decrease) in Cash & Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.30M	USD	Annual
Net Increase/(Decrease) in Cash & Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.21M	USD	Annual
Effect of Currency Translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-6.79K	USD	Annual
Effect of Currency Translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$25.87K	USD	Annual
Cash & Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$517.00	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`	$69.27K	USD	Point-in-time
Cash & Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$517.00	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`	$69.27K	USD	Point-in-time

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.69M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-439.19K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.47K	USD	Point-in-time
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`	40.00M	shares	Annual
Value of stock to acquire China Teletech Limited, shares	`StockIssuedDuringPeriodSharesAcquisitions`	39.82M	shares	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$800.00K	USD	Annual
Issuance of common stock, shares	`StockIssuedDuringPeriodSharesNewIssues`	28.00M	shares	Annual
Issuance of share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$529.79K	USD	Annual
Issuance of share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$102.00K	USD	Annual
Issuance of share based compensation, shares	`StockIssuedDuringPeriodSharesShareBasedCompensation`	7.00M	shares	Annual
Issuance of share based compensation, shares	`StockIssuedDuringPeriodSharesShareBasedCompensation`	7.56M	shares	Annual
Additional paid in capital	`AdjustmentsToAdditionalPaidInCapitalOther`	$463.46K	USD	Annual
Cancellation of shares issued	`StockRepurchasedAndRetiredDuringPeriodValue`	$32.70K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.81M	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`	$150.41K	USD	Annual
Net (income) loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$156.80K	USD	Annual
Net (income) loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-38.46K	USD	Annual
Disposal of subsidiaries	`NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest`	$169.01K	USD	Annual
Foreign Currency Translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-58.37K	USD	Annual
Foreign Currency Translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-375.43K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.69M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-439.19K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.47K	USD	Point-in-time

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