10-Q Filing

CHINA INTERNET CAFE HOLDINGS GROUP, INC. CIK: 1373846 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-108305`
Period End Date	20160331
Filing Date	20160615
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	cicc-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 40 Cash Flow Statement 32 Stockholders Equity 8

Balance Sheet 54 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`	$23.79M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.54M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.30M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.54M	shares	Point-in-time
Rental deposit	`DepositsAssetsCurrent`	$10.11K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.54M	shares	Point-in-time
Rental deposit	`DepositsAssetsCurrent`	$3.33K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.54M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$19.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.31M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.58M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.22M	USD	Point-in-time
Rental deposit-long-term portion	`DepositsAssetsNoncurrent`	$53.83K	USD	Point-in-time
Rental deposit-long-term portion	`DepositsAssetsNoncurrent`	$59.49K	USD	Point-in-time
Total assets	`Assets`	$20.56M	USD	Point-in-time
Total assets	`Assets`	$20.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.23K	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`	$174.24K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$147.10K	USD	Point-in-time
Payroll and payroll related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$70.02K	USD	Point-in-time
Payroll and payroll related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$70.25K	USD	Point-in-time
Income and other taxes payable	`TaxesPayableCurrent`	$15.33K	USD	Point-in-time
Income and other taxes payable	`TaxesPayableCurrent`	$20.14K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$367.54K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$349.12K	USD	Point-in-time
Amount due to a shareholder	`DueToOfficersOrStockholdersCurrent`	$1.91M	USD	Point-in-time
Amount due to a shareholder	`DueToOfficersOrStockholdersCurrent`	$1.96M	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`	$3.42M	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, 2016 and December 31, 2015, 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, 2016 and December 31, 2015, 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`	$8.71M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.21M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.48M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.14M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.51M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.95M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.56M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$279.97K	USD	1 Quarter
Revenue	`Revenues`	$376.86K	USD	1 Quarter
Cost of revenue	`CostOfServices`	$804.71K	USD	1 Quarter
Cost of revenue	`CostOfServices`	$722.58K	USD	1 Quarter
Gross loss	`GrossProfit`	$-442.61K	USD	1 Quarter
Gross loss	`GrossProfit`	$-427.85K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$78.49K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$142.40K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$142.40K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$78.49K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-570.25K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-521.10K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$19.94K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$16.58K	USD	1 Quarter
Other expenses	`OtherNonoperatingIncomeExpense`	$-25.00	USD	1 Quarter
Other expenses	`OtherNonoperatingIncomeExpense`	$-31.00	USD	1 Quarter
Total non-operating income	`NonoperatingIncomeExpense`	$16.55K	USD	1 Quarter
Total non-operating income	`NonoperatingIncomeExpense`	$19.91K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-550.33K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-504.55K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-550.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-504.55K	USD	1 Quarter
Net loss attributable to China Internet Cafe Holdings Group, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-550.33K	USD	1 Quarter
Net loss attributable to China Internet Cafe Holdings Group, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-504.55K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-550.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-504.55K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$118.21K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$130.13K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-374.42K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-432.12K	USD	1 Quarter
- Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
- Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
- Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.09	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`	5.54M	shares	1 Quarter
- Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.54M	shares	1 Quarter
- Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.54M	shares	1 Quarter

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-550.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-504.55K	USD	1 Quarter
Depreciation	`Depreciation`	$331.07K	USD	1 Quarter
Depreciation	`Depreciation`	$370.29K	USD	1 Quarter
Rental deposit	`IncreaseDecreaseInRentalDeposit`	-	USD	1 Quarter
Rental deposit	`IncreaseDecreaseInRentalDeposit`	$-1.50K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-85.58K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-17.22K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$25.79K	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`	$-689.00	USD	1 Quarter
Income and other taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-108.56K	USD	1 Quarter
Income and other taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$4.65K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-34.22K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-18.68K	USD	1 Quarter
Amount due to a shareholder	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$50.34K	USD	1 Quarter
Amount due to a shareholder	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$99.97K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-156.93K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-502.37K	USD	1 Quarter
Effect of foreign currency translation on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$126.09K	USD	1 Quarter
Effect of foreign currency translation on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$112.17K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-30.84K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-390.20K	USD	1 Quarter
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$23.79M	USD	Point-in-time
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$19.27M	USD	Point-in-time
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$23.40M	USD	Point-in-time
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$19.30M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.27M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.40M	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`	$19.30M	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$17.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.51M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-550.33K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-504.55K	USD	1 Quarter
Foreign currency translation difference	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$130.13K	USD	1 Quarter
Foreign currency translation difference	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$118.21K	USD	1 Quarter
Balance	`StockholdersEquity`	$17.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.51M	USD	Point-in-time

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