10-Q Filing

CHINA INTERNET CAFE HOLDINGS GROUP, INC. CIK: 1373846 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-031209`
Period End Date	20150331
Filing Date	20150515
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	cicc-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 42 Cash Flow Statement 40 Stockholders Equity 8

Balance Sheet 56 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`	$40.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.98M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.54M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.40M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.54M	shares	Point-in-time
Rental deposit	`DepositsAssetsCurrent`	$62.22K	USD	Point-in-time
Rental deposit	`DepositsAssetsCurrent`	$88.37K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.54M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.54M	shares	Point-in-time
Equipment deposit	`EquipmentDepositCurrent`	$3.23K	USD	Point-in-time
Equipment deposit	`EquipmentDepositCurrent`	$3.24K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.85M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.49M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.88M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.56M	USD	Point-in-time
Rental deposit-long-term portion	`DepositsAssetsNoncurrent`	$32.26K	USD	Point-in-time
Rental deposit-long-term portion	`DepositsAssetsNoncurrent`	$6.55K	USD	Point-in-time
Total assets	`Assets`	$25.77M	USD	Point-in-time
Total assets	`Assets`	$25.06M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$45.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$28.20K	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`	$170.93K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$131.01K	USD	Point-in-time
Payroll and payroll related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$88.21K	USD	Point-in-time
Payroll and payroll related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$349.87K	USD	Point-in-time
Income and other taxes payable	`TaxesPayableCurrent`	$134.77K	USD	Point-in-time
Income and other taxes payable	`TaxesPayableCurrent`	$26.39K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$253.70K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$287.67K	USD	Point-in-time
Amount due to a shareholder	`DueToOfficersOrStockholdersCurrent`	$1.71M	USD	Point-in-time
Amount due to a shareholder	`DueToOfficersOrStockholdersCurrent`	$1.81M	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`	$3.21M	USD	Point-in-time
Common stock ($0.00001 par value, 20,000,000 shares authorized, 5,538,002 shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively)	`CommonStockValue`	$55.00	USD	Point-in-time
Common stock ($0.00001 par value, 20,000,000 shares authorized, 5,538,002 shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively)	`CommonStockValue`	$55.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.23M	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`	$12.76M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.21M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.69M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.57M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$21.85M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$22.28M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$25.06M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$25.77M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$7.66M	USD	1 Quarter
Revenue	`Revenues`	$376.86K	USD	1 Quarter
Cost of revenue	`CostOfServices`	$4.09M	USD	1 Quarter
Cost of revenue	`CostOfServices`	$804.71K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-427.85K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$3.57M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$110.53K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$142.40K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$110.53K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$142.40K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-570.25K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$3.46M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$35.37K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$19.94K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.68K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Other expenses	`OtherNonoperatingExpense`	$317.00	USD	1 Quarter
Other expenses	`OtherNonoperatingExpense`	$25.00	USD	1 Quarter
Total non-operating income	`NonoperatingIncomeExpense`	$31.37K	USD	1 Quarter
Total non-operating income	`NonoperatingIncomeExpense`	$19.91K	USD	1 Quarter
Income (Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-550.33K	USD	1 Quarter
Income (Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.49M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$882.87K	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$-550.33K	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$2.61M	USD	1 Quarter
Net income (loss) attributable to China Internet Cafe Holdings Group, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.61M	USD	1 Quarter
Net income (loss) attributable to China Internet Cafe Holdings Group, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-550.33K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-550.33K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.61M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-390.11K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$118.21K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-432.12K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$2.22M	USD	1 Quarter
- Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
- Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
- Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
- Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
- Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.54M	shares	1 Quarter
- Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.14M	shares	1 Quarter
- Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.54M	shares	1 Quarter
- Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.14M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-550.33K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.61M	USD	1 Quarter
Depreciation	`Depreciation`	$331.07K	USD	1 Quarter
Depreciation	`Depreciation`	$935.18K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$11.63K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	-	USD	1 Quarter
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$8.62K	USD	1 Quarter
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-16.91K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-15.63K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-17.22K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$153.88K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$39.11K	USD	1 Quarter
Payroll and payroll related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-262.19K	USD	1 Quarter
Payroll and payroll related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$22.00	USD	1 Quarter
Income and other taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$349.57K	USD	1 Quarter
Income and other taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-108.56K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-34.22K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$898.00	USD	1 Quarter
Amount due to a shareholder	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$99.97K	USD	1 Quarter
Amount due to a shareholder	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$49.01K	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$4.10M	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-502.37K	USD	1 Quarter
Effect of foreign currency translation on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-367.06K	USD	1 Quarter
Effect of foreign currency translation on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$112.17K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.74M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-390.20K	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.79M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.40M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$40.24M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.98M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$40.24M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.79M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.98M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.40M	USD	Point-in-time
Interest paid	`InterestPaid`	$3.68K	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$566.94K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$21.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.28M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-550.33K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$2.61M	USD	1 Quarter
Foreign currency translation difference	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$118.21K	USD	1 Quarter
Foreign currency translation difference	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-390.11K	USD	1 Quarter
Balance	`StockholdersEquity`	$21.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.28M	USD	Point-in-time

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