10-K Filing

CLUSTER GROUP HOLDINGS LTD CO CIK: 1346287 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001213900-12-001841`
Period End Date	20111231
Filing Date	20120416
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	gzgt-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 54 Cash Flow Statement 58 Stockholders Equity 24

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`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`	185.28M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	185.28M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	185.28M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	185.28M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.27K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$159.93K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$377.59K	USD	Point-in-time
Short-term Investment	`ShortTermInvestments`	$597.04K	USD	Point-in-time
Short-term Investment	`ShortTermInvestments`	$226.87K	USD	Point-in-time
Other Receivables	`AccountsReceivableGrossCurrent`	$204.25K	USD	Point-in-time
Other Receivables	`AccountsReceivableGrossCurrent`	$212.17K	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$904.85K	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$453.73K	USD	Point-in-time
Purchase deposits	`DepositsAssetsCurrent`	$23.05K	USD	Point-in-time
Purchase deposits	`DepositsAssetsCurrent`	-	USD	Point-in-time
Inventories	`InventoryNet`	$1.09M	USD	Point-in-time
Inventories	`InventoryNet`	$549.91K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.35M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.14M	USD	Point-in-time
Property, plant & equipment, net	`PropertyPlantAndEquipmentNet`	$17.59K	USD	Point-in-time
Property, plant & equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$63.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$71.14K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$80.59K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$71.14K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.23M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.42M	USD	Point-in-time
Taxes payable	`AccruedIncomeTaxesCurrent`	$859.32K	USD	Point-in-time
Taxes payable	`AccruedIncomeTaxesCurrent`	$746.16K	USD	Point-in-time
VAT payable	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$1.18M	USD	Point-in-time
VAT payable	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$1.22M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$30.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$176.52K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndAccruedLiabilitiesCurrent`	$127.55K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndAccruedLiabilitiesCurrent`	$162.35K	USD	Point-in-time
Convertible debenture - current portion	`ConvertibleDebtCurrent`	$2.87M	USD	Point-in-time
Convertible debenture - current portion	`ConvertibleDebtCurrent`	$2.87M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.13M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.10M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.13M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.10M	USD	Point-in-time
Common stock US$0.01 par value; 1,000,000,000 authorized, 185,283,627 issued and outstanding as of December 31, 2011 and 2010, respectively	`CommonStockValue`	$1.85M	USD	Point-in-time
Common stock US$0.01 par value; 1,000,000,000 authorized, 185,283,627 issued and outstanding as of December 31, 2011 and 2010, respectively	`CommonStockValue`	$1.49M	USD	Point-in-time
Additional Paid in capital	`AdditionalPaidInCapitalCommonStock`	$1.68M	USD	Point-in-time
Additional Paid in capital	`AdditionalPaidInCapitalCommonStock`	$1.41M	USD	Point-in-time
Other Comprehensive Income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$10.88K	USD	Point-in-time
Other Comprehensive Income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$32.23K	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$-6.14M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$-6.55M	USD	Point-in-time
Minority Interest	`MinorityInterest`	$293.69K	USD	Point-in-time
Minority Interest	`MinorityInterest`	$321.48K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.69M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-652.14K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.90M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$2.42M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$2.23M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$34.18M	USD	Annual
Sales	`Revenues`	$18.85M	USD	Annual
Cost of sales	`CostOfRevenue`	$18.43M	USD	Annual
Cost of sales	`CostOfRevenue`	$33.20M	USD	Annual
Gross profit	`GrossProfit`	$420.21K	USD	Annual
Gross profit	`GrossProfit`	$985.56K	USD	Annual
Selling expenses	`SellingExpense`	$82.61K	USD	Annual
Selling expenses	`SellingExpense`	-	USD	Annual
Administrative and general expenses	`GeneralAndAdministrativeExpense`	$806.39K	USD	Annual
Administrative and general expenses	`GeneralAndAdministrativeExpense`	$2.83M	USD	Annual
Total operating expense	`OperatingExpenses`	$806.39K	USD	Annual
Total operating expense	`OperatingExpenses`	$2.92M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-1.93M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-386.17K	USD	Annual
Other income	`OtherNonoperatingIncome`	$574.88K	USD	Annual
Other income	`OtherNonoperatingIncome`	$201.15K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$9.00	USD	Annual
Interest income	`InvestmentIncomeInterest`	$15.46K	USD	Annual
Other expenses	`OtherNonoperatingExpense`	$120.85K	USD	Annual
Other expenses	`OtherNonoperatingExpense`	$22.14K	USD	Annual
Loss before taxation on Continuing Operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-290.41K	USD	Annual
Loss before taxation on Continuing Operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.38M	USD	Annual
Income tax	`IncomeTaxExpenseBenefit`	$57.71K	USD	Annual
Income tax	`IncomeTaxExpenseBenefit`	$38.00K	USD	Annual
Loss from Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.41M	USD	Annual
Loss from Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-348.12K	USD	Annual
Discontinued Operation Income (Loss), net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	Annual
Discontinued Operation Income (Loss), net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-874.98K	USD	Annual
Net Loss	`ProfitLoss`	$-2.29M	USD	Annual
Net Loss	`ProfitLoss`	$-348.12K	USD	Annual
Net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$61.16K	USD	Annual
Net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$32.80K	USD	Annual
Net Income (Loss) Attributable to the Company	`NetIncomeLoss`	$-2.32M	USD	Annual
Net Income (Loss) Attributable to the Company	`NetIncomeLoss`	$-409.29K	USD	Annual
Basic-Net Loss	`EarningsPerShareBasic`	-	USD	Annual
Basic-Net Loss	`EarningsPerShareBasic`	$-0.02	USD	Annual
-Loss from Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	Annual
-Loss from Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.01	USD	Annual
-Loss from non-controlling interest	`IncomeLossFromNonControllingInterestPerBasicShare`	-	USD	Annual
-Loss from non-controlling interest	`IncomeLossFromNonControllingInterestPerBasicShare`	-	USD	Annual
-Income(Loss) from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
-Income(Loss) from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	Annual
Diluted- Net Loss	`EarningsPerShareDiluted`	-	USD	Annual
Diluted- Net Loss	`EarningsPerShareDiluted`	$-0.01	USD	Annual
- Loss from Continuing Operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	-	USD	Annual
- Loss from Continuing Operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	-	USD	Annual
-Loss from Non-controlling interest	`IncomeLossFromNonControllingInterestPerDilutedShare`	-	USD	Annual
-Loss from Non-controlling interest	`IncomeLossFromNonControllingInterestPerDilutedShare`	$-0.01	USD	Annual
-Income/(Loss) from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	Annual
-Income/(Loss) from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	Annual
-Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	153.51M	shares	Annual
-Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	149.48M	shares	Annual
-Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	149.48M	shares	Annual
-Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	153.51M	shares	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss) Attributable to the Company	`NetIncomeLoss`	$-2.32M	USD	Annual
Net Income (Loss) Attributable to the Company	`NetIncomeLoss`	$-409.29K	USD	Annual
Discontinued Operation Loss, net of tax	`DiscontinuedOperationIncomeLossNetOfTax`	-	USD	Annual
Discontinued Operation Loss, net of tax	`DiscontinuedOperationIncomeLossNetOfTax`	-	USD	Annual
Minority interest	`DeconsolidationGainOrLossAmount`	$61.16K	USD	Annual
Minority interest	`DeconsolidationGainOrLossAmount`	$32.80K	USD	Annual
Depreciation	`Depreciation`	$10.08K	USD	Annual
Depreciation	`Depreciation`	$38.10K	USD	Annual
Issuance of share based compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	Annual
Issuance of share based compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$289.43K	USD	Annual
Loss/(Gain) on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-7.50K	USD	Annual
Loss/(Gain) on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-335.33K	USD	Annual
Loss on disposal and dissolution of subsidiaries	`GainLossOnSaleOfEquityInvestments`	-	USD	Annual
Loss on disposal and dissolution of subsidiaries	`GainLossOnSaleOfEquityInvestments`	$-92.55K	USD	Annual
Reclassified to profit or loss on disposal of subsidiaries	`GainLossOnSaleOfOtherInvestments`	-	USD	Annual
Reclassified to profit or loss on disposal of subsidiaries	`GainLossOnSaleOfOtherInvestments`	$39.37K	USD	Annual
Decrease/(increase) in other receivables	`IncreaseDecreaseInOtherReceivables`	$-7.92K	USD	Annual
Decrease/(increase) in other receivables	`IncreaseDecreaseInOtherReceivables`	$-1.21M	USD	Annual
Decrease/(increase) in amount due from a related party	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$451.11K	USD	Annual
Decrease/(increase) in amount due from a related party	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$453.73K	USD	Annual
Decrease/(increase) in purchase deposit	`IncreaseDecreaseInDepositOtherAssets`	$23.05K	USD	Annual
Decrease/(increase) in purchase deposit	`IncreaseDecreaseInDepositOtherAssets`	$-1.53M	USD	Annual
Decrease/(increase) in inventories	`IncreaseDecreaseInInventories`	$292.55K	USD	Annual
Decrease/(increase) in inventories	`IncreaseDecreaseInInventories`	$-542.12K	USD	Annual
Increase/(decrease) in tax payables	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$113.15K	USD	Annual
Increase/(decrease) in tax payables	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$75.06K	USD	Annual
Increase/(decrease) in accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-181.32K	USD	Annual
Increase/(decrease) in accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-65.30K	USD	Annual
Increase/(decrease) in VAT payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-223.58K	USD	Annual
Increase/(decrease) in VAT payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$45.38K	USD	Annual
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.97K	USD	Annual
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-92.03K	USD	Annual
Sale of Equipment	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$12.00	USD	Annual
Sale of Equipment	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$175.00K	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.88K	USD	Annual
Payments for deposits	`PaymentsForDepositsPurchased`	-	USD	Annual
Payments for deposits	`PaymentsForDepositsPurchased`	$8.14K	USD	Annual
Purchase for short-term investment	`PaymentsToAcquireInvestments`	$370.18K	USD	Annual
Purchase for short-term investment	`PaymentsToAcquireInvestments`	$226.87K	USD	Annual
Net cash provided by/(used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-378.31K	USD	Annual
Net cash provided by/(used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-97.75K	USD	Annual
Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$343.27K	USD	Annual
Dividend paid to non-controlling shareholders of subsidiaries	`PaymentsOfDividendsMinorityInterest`	-	USD	Annual
Dividend paid to non-controlling shareholders of subsidiaries	`PaymentsOfDividendsMinorityInterest`	$88.95K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$254.32K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net Increase/(Decrease) in Cash & Cash Equivalents for the Year	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-189.78K	USD	Annual
Net Increase/(Decrease) in Cash & Cash Equivalents for the Year	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-112.02K	USD	Annual
Effect of Currency Translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$21.36K	USD	Annual
Effect of Currency Translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-27.88K	USD	Annual
Cash & Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$69.27K	USD	Point-in-time
Cash & Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$159.93K	USD	Point-in-time
Cash & Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$377.59K	USD	Point-in-time
Cash & Cash Equivalents at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$69.27K	USD	Point-in-time
Cash & Cash Equivalents at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$159.93K	USD	Point-in-time
Cash & Cash Equivalents at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$377.59K	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.69M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-652.14K	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.90M	USD	Point-in-time
Beginning Balance shares	`SharesOutstanding`	0.00	shares	Point-in-time
Beginning Balance shares	`SharesOutstanding`	0.00	shares	Point-in-time
Beginning Balance shares	`SharesOutstanding`	0.00	shares	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$343.27K	USD	Annual
Issuance of common stock (Shares)	`StockIssuedDuringPeriodSharesNewIssues`	0.00	shares	Annual
Issuance of share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$289.43K	USD	Annual
Issuance of share based compensation (Shares)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	0.00	shares	Annual
Net Income/(Loss)	`NetIncomeLoss`	$-2.32M	USD	Annual
Net Income/(Loss)	`NetIncomeLoss`	$-409.29K	USD	Annual
Reclassified to profit or loss on disposal of subsidiaries	`ReclassifiedToProfitOrLossOnDisposalOfSubsidiaries`	$28.12K	USD	Annual
Dividends paid to non-controlling shareholders	`Dividends`	$-88.95K	USD	Annual
Non-controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$61.16K	USD	Annual
Non-controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$32.80K	USD	Annual
Foreign Currency Translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$11.49K	USD	Annual
Foreign Currency Translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$21.36K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.69M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-652.14K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.90M	USD	Point-in-time
Balance shares	`SharesOutstanding`	0.00	shares	Point-in-time
Balance shares	`SharesOutstanding`	0.00	shares	Point-in-time
Balance shares	`SharesOutstanding`	0.00	shares	Point-in-time

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