10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001144204-16-101161`
Period End Date	20151231
Filing Date	20160512
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	cicc-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 48 Cash Flow Statement 60 Stockholders Equity 11

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
Common stock, shares issued	`CommonStockSharesIssued`	5.54M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.54M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.79M	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
Rental deposit	`DepositsAssetsCurrent`	$62.22K	USD	Point-in-time
Rental deposit	`DepositsAssetsCurrent`	$10.11K	USD	Point-in-time
Equipment deposit	`EquipmentDepositCurrent`	-	USD	Point-in-time
Equipment deposit	`EquipmentDepositCurrent`	$3.23K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.85M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.31M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.88M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.58M	USD	Point-in-time
Rental deposit-long-term portion	`DepositsAssetsNoncurrent`	$53.83K	USD	Point-in-time
Rental deposit-long-term portion	`DepositsAssetsNoncurrent`	$32.26K	USD	Point-in-time
Total assets	`Assets`	$20.95M	USD	Point-in-time
Total assets	`Assets`	$25.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$45.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$107.31K	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`	$147.10K	USD	Point-in-time
Payroll and payroll related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$349.87K	USD	Point-in-time
Payroll and payroll related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$70.25K	USD	Point-in-time
Income and other taxes payable	`TaxesPayableCurrent`	$134.77K	USD	Point-in-time
Income and other taxes payable	`TaxesPayableCurrent`	$15.33K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$367.54K	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`	$1.91M	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`	$3.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.49M	USD	Point-in-time
Common stock ($0.00001 par value, 20,000,000 shares authorized, 5,538,002 shares issued and outstanding as of December 31, 2015 and 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 December 31, 2015 and 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`	$9.21M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.57M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.35M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$41.79M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$17.51M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$22.28M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$25.77M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$20.95M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.12M	USD	Annual
Revenue	`Revenues`	$15.82M	USD	Annual
Cost of revenue	`CostOfServices`	$18.49M	USD	Annual
Cost of revenue	`CostOfServices`	$2.95M	USD	Annual
Gross loss	`GrossProfit`	$-2.66M	USD	Annual
Gross loss	`GrossProfit`	$-1.82M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.10M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$571.34K	USD	Annual
Loss on impairment of property and equipment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.12M	USD	Annual
Loss on impairment of property and equipment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-15.08M	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-93.54K	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`	$16.20M	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.79M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-18.86M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-3.61M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$78.27K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$109.95K	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Interest expense	`InterestExpense`	$7.04K	USD	Annual
Other expenses	`OtherNonoperatingIncomeExpense`	$-16.55K	USD	Annual
Other expenses	`OtherNonoperatingIncomeExpense`	$-46.06K	USD	Annual
Total non-operating income	`NonoperatingIncomeExpense`	$61.73K	USD	Annual
Total non-operating income	`NonoperatingIncomeExpense`	$56.85K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-18.81M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.55M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$981.87K	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-19.79M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.55M	USD	Annual
Net loss attributable to China Internet Cafe Holdings Group, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.55M	USD	Annual
Net loss attributable to China Internet Cafe Holdings Group, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.79M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.55M	USD	Annual
Net loss	`NetIncomeLoss`	$-19.79M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.22M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-217.26K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.77M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-20.01M	USD	Annual
- Basic (in dollars per share)	`EarningsPerShareBasic`	$-3.71	USD	Annual
- Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.64	USD	Annual
- Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-3.71	USD	Annual
- Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.64	USD	Annual
- Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.33M	shares	Annual
- Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.54M	shares	Annual
- Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.33M	shares	Annual
- Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.54M	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-19.79M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.55M	USD	Annual
Advisory fee	`ProfessionalFees`	-	USD	Annual
Advisory fee	`ProfessionalFees`	$500.00K	USD	Annual
Depreciation	`Depreciation`	$1.22M	USD	Annual
Depreciation	`Depreciation`	$7.47M	USD	Annual
Amortization	`AdjustmentForAmortization`	-	USD	Annual
Amortization	`AdjustmentForAmortization`	$42.47K	USD	Annual
Impairment of property and equipment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.12M	USD	Annual
Impairment of property and equipment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-93.54K	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`	$-77.23K	USD	Annual
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	Annual
Rental deposit	`IncreaseDecreaseInRentalDeposit`	$-366.68K	USD	Annual
Rental deposit	`IncreaseDecreaseInRentalDeposit`	$-26.71K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-36.01K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-181.51K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$67.33K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-2.15M	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$24.23K	USD	Annual
Payroll and payroll related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-272.12K	USD	Annual
Payroll and payroll related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-15.06K	USD	Annual
Income and other taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-871.74K	USD	Annual
Income and other taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-117.08K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-315.01K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$82.21K	USD	Annual
Amount due to a shareholder	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$196.33K	USD	Annual
Amount due to a shareholder	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$-1.34M	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.11M	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.07M	USD	Annual
Increase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.47M	USD	Annual
Increase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.07M	USD	Annual
Proceeds from the sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$241.49K	USD	Annual
Proceeds from the sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$3.04M	USD	Annual
Deposits paid for property, plant and equipment	`DepositsPaidForPropertyPlantAndEquipment`	$-3.19K	USD	Annual
Deposits paid for property, plant and equipment	`DepositsPaidForPropertyPlantAndEquipment`	-	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-15.03M	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.22M	USD	Annual
Short term loan repayments	`RepaymentsOfShortTermDebt`	$162.78K	USD	Annual
Short term loan repayments	`RepaymentsOfShortTermDebt`	-	USD	Annual
Net cash flows used by financing activities:	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-162.78K	USD	Annual
Net cash flows used by financing activities:	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	Annual
Effect of foreign currency translation on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.15M	USD	Annual
Effect of foreign currency translation on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-196.58K	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.48M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.45M	USD	Annual
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$40.24M	USD	Point-in-time
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$19.30M	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`	$40.24M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$19.30M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$23.79M	USD	Point-in-time
Interest paid	`InterestPaid`	$7.04K	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$1.45M	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$41.79M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.28M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-19.79M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-3.55M	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$500.00K	USD	Annual
Foreign currency translation difference	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.22M	USD	Annual
Foreign currency translation difference	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-217.26K	USD	Annual
Balance	`StockholdersEquity`	$41.79M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.51M	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.