10-K Filing

CHINA INTERNET CAFE HOLDINGS GROUP, INC. CIK: 1373846 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001144204-15-022091`
Period End Date	20141231
Filing Date	20150409
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	cicc-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 52 Cash Flow Statement 66 Stockholders Equity 13

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.24M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.54M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.79M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.14M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.54M	shares	Point-in-time
Rental deposit	`DepositsAssetsCurrent`	$62.22K	USD	Point-in-time
Rental deposit	`DepositsAssetsCurrent`	$6.61K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.14M	shares	Point-in-time
Equipment deposit	`EquipmentDepositCurrent`	$3.24K	USD	Point-in-time
Equipment deposit	`EquipmentDepositCurrent`	$3.23K	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Inventory	`InventoryNet`	$36.20K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$77.65K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$40.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.85M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$9.46M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.88M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$62.01K	USD	Point-in-time
Rental deposit-long-term portion	`DepositsAssetsNoncurrent`	$456.94K	USD	Point-in-time
Rental deposit-long-term portion	`DepositsAssetsNoncurrent`	$32.26K	USD	Point-in-time
Total assets	`Assets`	$50.35M	USD	Point-in-time
Total assets	`Assets`	$25.77M	USD	Point-in-time
Short term loan	`ShortTermBorrowings`	-	USD	Point-in-time
Short term loan	`ShortTermBorrowings`	$163.66K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$227.98K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$45.28K	USD	Point-in-time
Registration penalties payable	`AccountsPayableOtherCurrent`	$641.20K	USD	Point-in-time
Registration penalties payable	`AccountsPayableOtherCurrent`	$641.20K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$131.01K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$2.29M	USD	Point-in-time
Payroll and payroll related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$349.87K	USD	Point-in-time
Payroll and payroll related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$366.62K	USD	Point-in-time
Income and other taxes payable	`TaxesPayableCurrent`	$1.01M	USD	Point-in-time
Income and other taxes payable	`TaxesPayableCurrent`	$134.77K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$605.03K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$287.67K	USD	Point-in-time
Amount due to a shareholder	`DueToOfficersOrStockholdersCurrent`	$3.06M	USD	Point-in-time
Amount due to a shareholder	`DueToOfficersOrStockholdersCurrent`	$1.71M	USD	Point-in-time
Dividend payable on preferred stock	`DividendsPayableCurrent`	$186.56K	USD	Point-in-time
Dividend payable on preferred stock	`DividendsPayableCurrent`	$186.56K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.56M	USD	Point-in-time
Common stock ($0.00001 par value, 20,000,000 shares authorized, 5,538,002 and 5,138,002 shares issued and outstanding as of December 31, 2014 and 2013, respectively)	`CommonStockValue`	$51.00	USD	Point-in-time
Common stock ($0.00001 par value, 20,000,000 shares authorized, 5,538,002 and 5,138,002 shares issued and outstanding as of December 31, 2014 and 2013, respectively)	`CommonStockValue`	$55.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.73M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.23M	USD	Point-in-time
Statutory surplus reserves	`RetainedEarningsUnappropriated`	$718.74K	USD	Point-in-time
Statutory surplus reserves	`RetainedEarningsUnappropriated`	$718.74K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$32.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.76M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.79M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.57M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$28.67M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$22.28M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$41.79M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$50.35M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$25.77M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$28.42M	USD	Annual
Revenue	`Revenues`	$15.82M	USD	Annual
Cost of revenue	`CostOfServices`	$16.83M	USD	Annual
Cost of revenue	`CostOfServices`	$18.49M	USD	Annual
Gross profit (loss)	`GrossProfit`	$11.60M	USD	Annual
Gross profit (loss)	`GrossProfit`	$-2.66M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$899.69K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.10M	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-68.64K	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-15.08M	USD	Annual
Loss on disposal of Intangible assets	`GainLossOnDispositionOfIntangibleAssets`	-	USD	Annual
Loss on disposal of Intangible assets	`GainLossOnDispositionOfIntangibleAssets`	$-19.21K	USD	Annual
Total operating expenses	`OperatingExpenses`	$968.33K	USD	Annual
Total operating expenses	`OperatingExpenses`	$16.20M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$10.63M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-18.86M	USD	Annual
Change in fair value of derivative financial instrument - preferred stock	`GainLossOnDerivativeInstrumentsPreferredStockNetPretax`	$64.28K	USD	Annual
Change in fair value of derivative financial instrument - preferred stock	`GainLossOnDerivativeInstrumentsPreferredStockNetPretax`	-	USD	Annual
Change in fair value of derivative financial instrument - warrants	`GainLossOnDerivativeInstrumentsWarrantsNetPretax`	$329.25K	USD	Annual
Change in fair value of derivative financial instrument - warrants	`GainLossOnDerivativeInstrumentsWarrantsNetPretax`	-	USD	Annual
Interest income	`InvestmentIncomeInterest`	$109.95K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$114.12K	USD	Annual
Interest expense	`InterestExpense`	$12.82K	USD	Annual
Interest expense	`InterestExpense`	$7.04K	USD	Annual
Other expenses	`OtherNonoperatingExpense`	$-16.59K	USD	Annual
Other expenses	`OtherNonoperatingExpense`	$46.06K	USD	Annual
Total non-operating income	`NonoperatingIncomeExpense`	$56.85K	USD	Annual
Total non-operating income	`NonoperatingIncomeExpense`	$511.42K	USD	Annual
Income (Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-18.81M	USD	Annual
Income (Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$11.14M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$2.80M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$981.87K	USD	Annual
Net income/(loss)	`NetIncomeLoss`	$-19.79M	USD	Annual
Net income/(loss)	`NetIncomeLoss`	$8.34M	USD	Annual
Dividend on preferred stock	`PreferredStockDividendsAndOtherAdjustments`	-	USD	Annual
Dividend on preferred stock	`PreferredStockDividendsAndOtherAdjustments`	$113.84K	USD	Annual
Net income (loss) attributable to China Internet Cafe Holdings Group, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.79M	USD	Annual
Net income (loss) attributable to China Internet Cafe Holdings Group, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.23M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$8.34M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-19.79M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.21M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-217.26K	USD	Annual
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-20.01M	USD	Annual
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$9.55M	USD	Annual
- Basic (in dollars per share)	`EarningsPerShareBasic`	$-3.71	USD	Annual
- Basic (in dollars per share)	`EarningsPerShareBasic`	$1.64	USD	Annual
- Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.61	USD	Annual
- Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-3.71	USD	Annual
- Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.33M	shares	Annual
- Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.02M	shares	Annual
- Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.18M	shares	Annual
- Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.33M	shares	Annual

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-19.79M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$8.34M	USD	Annual
Change in fair value of derivative financial instrument - preferred stock	`GainLossOnDerivativeInstrumentsPreferredStockNetPretax`	$64.28K	USD	Annual
Change in fair value of derivative financial instrument - preferred stock	`GainLossOnDerivativeInstrumentsPreferredStockNetPretax`	-	USD	Annual
Change in fair value of derivative financial instrument- warrants	`GainLossOnDerivativeInstrumentsWarrantsNetPretax`	$329.25K	USD	Annual
Change in fair value of derivative financial instrument- warrants	`GainLossOnDerivativeInstrumentsWarrantsNetPretax`	-	USD	Annual
Advisory fee	`ProfessionalFees`	-	USD	Annual
Advisory fee	`ProfessionalFees`	$500.00K	USD	Annual
Depreciation	`Depreciation`	$7.47M	USD	Annual
Depreciation	`Depreciation`	$3.62M	USD	Annual
Amortization	`AdjustmentForAmortization`	$42.47K	USD	Annual
Amortization	`AdjustmentForAmortization`	$65.29K	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-68.64K	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-15.08M	USD	Annual
Loss on disposal of intangible assets	`GainLossOnDispositionOfIntangibleAssets`	$-19.21K	USD	Annual
Loss on disposal of intangible assets	`GainLossOnDispositionOfIntangibleAssets`	-	USD	Annual
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.72K	USD	Annual
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$-77.23K	USD	Annual
Rental deposit	`IncreaseDecreaseInRentalDeposit`	$-366.68K	USD	Annual
Rental deposit	`IncreaseDecreaseInRentalDeposit`	$-582.00	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-14.84K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-36.01K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$225.03K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-181.51K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$731.51K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-2.15M	USD	Annual
Payroll and payroll related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$5.34K	USD	Annual
Payroll and payroll related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-15.06K	USD	Annual
Income and other taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$230.53K	USD	Annual
Income and other taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-871.74K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$196.87K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-315.01K	USD	Annual
Amount due to a shareholder	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$-1.34M	USD	Annual
Amount due to a shareholder	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$383.84K	USD	Annual
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.49M	USD	Annual
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.07M	USD	Annual
(Increase)/Decrease of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.07M	USD	Annual
(Increase)/Decrease of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$72.32K	USD	Annual
Proceeds from the sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	-	USD	Annual
Proceeds from the sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$3.04M	USD	Annual
Deposits paid for property, plant and equipment	`DepositsPaidForPropertyPlantAndEquipment`	-	USD	Annual
Deposits paid for property, plant and equipment	`DepositsPaidForPropertyPlantAndEquipment`	$-4.36K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-67.96K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-15.03M	USD	Annual
Proceeds from short term loan	`ProceedsFromShortTermDebt`	-	USD	Annual
Proceeds from short term loan	`ProceedsFromShortTermDebt`	$161.99K	USD	Annual
Short term loan repayments	`RepaymentsOfShortTermDebt`	$162.78K	USD	Annual
Short term loan repayments	`RepaymentsOfShortTermDebt`	$161.99K	USD	Annual
Net cash flows used by financing activities:	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	Annual
Net cash flows used by financing activities:	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-162.78K	USD	Annual
Effect of foreign currency translation on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-196.58K	USD	Annual
Effect of foreign currency translation on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$998.18K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.42M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.45M	USD	Annual
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$25.82M	USD	Point-in-time
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$40.24M	USD	Point-in-time
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$23.79M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$25.82M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$40.24M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$23.79M	USD	Point-in-time
Interest paid	`InterestPaid`	$12.82K	USD	Annual
Interest paid	`InterestPaid`	$7.04K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$1.45M	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$3.06M	USD	Annual
Dividend payable on preferred stock	`DividendsPreferredStockStock`	-	USD	Annual
Dividend payable on preferred stock	`DividendsPreferredStockStock`	$186.56K	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$28.67M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$41.79M	USD	Point-in-time
Converted preferred stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$3.68M	USD	Annual
Preferred stock dividend	`DividendsPreferredStock`	$113.84K	USD	Annual
Net income (loss) for the period	`NetIncomeLoss`	$-19.79M	USD	Annual
Net income (loss) for the period	`NetIncomeLoss`	$8.34M	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$500.00K	USD	Annual
Foreign currency translation difference	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.21M	USD	Annual
Foreign currency translation difference	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-217.26K	USD	Annual
Balance	`StockholdersEquity`	$28.67M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$41.79M	USD	Point-in-time

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