10-Q Filing

CLUSTER GROUP HOLDINGS LTD CO CIK: 1346287 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-050383`
Period End Date	20140630
Filing Date	20140814
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	gzgt-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 47 Cash Flow Statement 58 Stockholders Equity 25

Balance Sheet 47 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`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
Common stock, shares issued	`CommonStockSharesIssued`	105.21M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	97.81M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$224.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$517.00	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$607.06K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	105.21M	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$606.97K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	97.81M	shares	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$468.49K	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$139.07K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$746.36K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.08M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$78.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$78.00K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$78.00K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$78.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$824.36K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.15M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$234.71K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndAccruedLiabilitiesCurrent`	$23.45K	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`	$23.45K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$23.45K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.59M	USD	Point-in-time
Common stock US$0.01 par value; 1,000,000,000 authorized, 105,213,776 and 97,813,776 shares issued and outstanding at June 30, 2014 and December 31 2013, respectively.	`CommonStockValue`	$1.05M	USD	Point-in-time
Common stock US$0.01 par value; 1,000,000,000 authorized, 105,213,776 and 97,813,776 shares issued and outstanding at June 30, 2014 and December 31 2013, respectively.	`CommonStockValue`	$978.14K	USD	Point-in-time
Additional Paid in capital	`AdditionalPaidInCapitalCommonStock`	$5.84M	USD	Point-in-time
Additional Paid in capital	`AdditionalPaidInCapitalCommonStock`	$5.84M	USD	Point-in-time
Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-402.38K	USD	Point-in-time
Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-401.57K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-6.85M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-5.69M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.47K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$800.91K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-439.19K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$824.36K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.15M	USD	Point-in-time

Income Statement 47 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$19.07M	USD	2 Qtrs
Sales	`Revenues`	-	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	-	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$18.66M	USD	2 Qtrs
Gross profit	`GrossProfit`	-	USD	2 Qtrs
Gross profit	`GrossProfit`	$407.88K	USD	2 Qtrs
Administrative and general expenses	`GeneralAndAdministrativeExpense`	$643.62K	USD	2 Qtrs
Administrative and general expenses	`GeneralAndAdministrativeExpense`	$38.10K	USD	2 Qtrs
Total operating expense	`OperatingExpenses`	$38.10K	USD	2 Qtrs
Total operating expense	`OperatingExpenses`	$643.62K	USD	2 Qtrs
Income (Loss) from Operations	`OperatingIncomeLoss`	$-235.74K	USD	2 Qtrs
Income (Loss) from Operations	`OperatingIncomeLoss`	$-38.10K	USD	2 Qtrs
Loss on disposal of a subsidiary	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	2 Qtrs
Loss on disposal of a subsidiary	`GainOrLossOnSaleOfStockInSubsidiary`	$-382.22K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$9.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$116.00	USD	2 Qtrs
Gain on Cancellation of Debt, Net of Tax	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on Cancellation of Debt, Net of Tax	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on Cancellation of Debt, Net of Tax	`GainsLossesOnExtinguishmentOfDebt`	$1.20M	USD	2 Qtrs
Income before taxation	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-617.95K	USD	2 Qtrs
Income before taxation	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.16M	USD	2 Qtrs
Income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax	`IncomeTaxExpenseBenefit`	$46.06K	USD	2 Qtrs
Net Income (Loss)	`ProfitLoss`	$1.16M	USD	2 Qtrs
Net Income (Loss)	`ProfitLoss`	$-664.01K	USD	2 Qtrs
Foreign currency translation change	`ForeignCurrencyTransactionGainLossUnrealized`	$-808.00	USD	2 Qtrs
Foreign currency translation change	`ForeignCurrencyTransactionGainLossUnrealized`	$22.30K	USD	2 Qtrs
Comprehensive income (loss):	`ComprehensiveIncomeNetOfTax`	$-641.71K	USD	2 Qtrs
Comprehensive income (loss):	`ComprehensiveIncomeNetOfTax`	$1.16M	USD	2 Qtrs
Net income attributable to Non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Net income attributable to Non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$156.80K	USD	Annual
Net income attributable to Non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-156.80K	USD	2 Qtrs
Net income attributable to the Company	`NetIncomeLoss`	$1.16M	USD	2 Qtrs
Net income attributable to the Company	`NetIncomeLoss`	$-507.21K	USD	2 Qtrs
Net income attributable to the Company	`NetIncomeLoss`	$-1.81M	USD	Annual
Net Income (Loss)	`ProfitLoss`	$1.16M	USD	2 Qtrs
Net Income (Loss)	`ProfitLoss`	$-664.01K	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.01	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	79.24M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	101.53M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	105.21M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	79.24M	shares	2 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net Profits (Loss)	`NetIncomeLoss`	$1.16M	USD	2 Qtrs
Net Profits (Loss)	`NetIncomeLoss`	$-507.21K	USD	2 Qtrs
Net Profits (Loss)	`NetIncomeLoss`	$-1.81M	USD	Annual
Non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$156.80K	USD	Annual
Non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-156.80K	USD	2 Qtrs
Gain on disposal of subsidiary	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	2 Qtrs
Gain on disposal of subsidiary	`GainOrLossOnSaleOfStockInSubsidiary`	$-382.22K	USD	2 Qtrs
Gain on cancellation of long term debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on cancellation of long term debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on cancellation of long term debt	`GainsLossesOnExtinguishmentOfDebt`	$1.20M	USD	2 Qtrs
Stock compensation	`ShareBasedCompensation`	$29.12K	USD	2 Qtrs
Stock compensation	`ShareBasedCompensation`	$30.00K	USD	2 Qtrs
Decrease/(Increase) in other receivables	`IncreaseDecreaseInOtherReceivables`	$5.64K	USD	2 Qtrs
Decrease/(Increase) in other receivables	`IncreaseDecreaseInOtherReceivables`	$92.00	USD	2 Qtrs
Decrease/(Increase) in amount due from related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-329.42K	USD	2 Qtrs
Decrease/(Increase) in amount due from related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$342.45K	USD	2 Qtrs
Decrease/(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Decrease/(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-27.32K	USD	2 Qtrs
Decrease/(Increase) in purchase deposit	`IncreaseDecreaseInDepositOtherAssets`	-	USD	2 Qtrs
Decrease/(Increase) in inventories	`IncreaseDecreaseInInventories`	$-101.36K	USD	2 Qtrs
Decrease/(Increase) in inventories	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
Increase/(Decrease) in tax payables	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	2 Qtrs
Increase/(Decrease) in tax payables	`IncreaseDecreaseInAccruedTaxesPayable`	$51.54K	USD	2 Qtrs
Increase/(Decrease) in accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-13.85K	USD	2 Qtrs
Increase/(Decrease) in accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-35.00K	USD	2 Qtrs
Increase/(Decrease) in amount due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-234.71K	USD	2 Qtrs
Increase/(Decrease) in amount due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$237.83K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$50.52K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-195.70K	USD	2 Qtrs
Disposal of a subsidiary	`ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries`	$3.23K	USD	2 Qtrs
Disposal of a subsidiary	`ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries`	-	USD	2 Qtrs
Purchase for short- term investment	`PaymentsToAcquireShortTermInvestments`	$-230.98K	USD	2 Qtrs
Purchase for short- term investment	`PaymentsToAcquireShortTermInvestments`	-	USD	2 Qtrs
Payments for deposits	`PaymentsForProceedsFromDepositOnLoan`	-	USD	2 Qtrs
Payments for deposits	`PaymentsForProceedsFromDepositOnLoan`	$33.00	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$234.18K	USD	2 Qtrs
Dividend paid to non controlling interests of subsidiaries	`PaymentsOfDividendsMinorityInterest`	$150.41K	USD	2 Qtrs
Dividend paid to non controlling interests of subsidiaries	`PaymentsOfDividendsMinorityInterest`	-	USD	2 Qtrs
Repayment on convertible debt	`RepaymentsOfConvertibleDebt`	$50.00K	USD	2 Qtrs
Repayment on convertible debt	`RepaymentsOfConvertibleDebt`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-150.41K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-50.00K	USD	2 Qtrs
Net Increase(Decrease) in Cash & Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-111.93K	USD	2 Qtrs
Net Increase(Decrease) in Cash & Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$514.00	USD	2 Qtrs
Effect of Currency Translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-807.00	USD	2 Qtrs
Effect of Currency Translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$22.30K	USD	2 Qtrs
Cash & Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Cash & Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash & Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$224.00	USD	Point-in-time
Cash & Cash Equivalents at Beginning 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`	$1.18M	USD	Point-in-time
Cash & Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$224.00	USD	Point-in-time
Cash & Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$517.00	USD	Point-in-time
Issuance stock for compensation	`StockIssued1`	$29.12K	USD	2 Qtrs
Issuance stock for compensation	`StockIssued1`	$30.00K	USD	2 Qtrs

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.47K	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$800.91K	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-439.19K	USD	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$800.00K	USD	Annual
Issuance of share based convertible debt repayment	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$47.84K	USD	Point-in-time
Issuance of share based convertible debt repayment	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$47.84K	USD	2 Qtrs
Issuance of share based convertible debt repayment, shares	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	4.60M	shares	Point-in-time
Issuance of share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$102.00K	USD	Annual
Issuance of share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$29.12K	USD	2 Qtrs
Issuance of share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$29.12K	USD	Point-in-time
Issuance of share based compensation, shares	`StockIssuedDuringPeriodSharesShareBasedCompensation`	2.80M	shares	Point-in-time
Additional paid in capital	`AdjustmentsToAdditionalPaidInCapitalOther`	$463.46K	USD	Annual
Net Profits (Loss)	`NetIncomeLoss`	$1.16M	USD	2 Qtrs
Net Profits (Loss)	`NetIncomeLoss`	$-507.21K	USD	2 Qtrs
Net Profits (Loss)	`NetIncomeLoss`	$-1.81M	USD	Annual
Dividends paid to non controlling interest	`Dividends`	$150.41K	USD	Annual
Non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$156.80K	USD	Annual
Non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-156.80K	USD	2 Qtrs
Disposal of subsidiaries	`NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest`	$169.01K	USD	Annual
Foreign Currency Translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-808.00	USD	2 Qtrs
Foreign Currency Translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-58.38K	USD	Annual
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.47K	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$800.91K	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-439.19K	USD	Point-in-time

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