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10-Q Filing

SHARING ECONOMY INTERNATIONAL INC. CIK: 819926 Q1 2012
Filing Information
Form Type 10-Q
Accession Number 0001213900-12-002701
Period End Date 20120331
Filing Date 20120515
Fiscal Year 2012
Fiscal Period Q1
XBRL Instance cws-20120331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 line items
Line Item Tag Value Unit Period
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 30.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 30.00M shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 8.62M shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 11.00M shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 11.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $947.18K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.25M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 8.62M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $911.08K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.15M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $314.23K USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $284.60K USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Notes receivable NotesAndLoansReceivableNetCurrent $156.53K USD Point-in-time
Notes receivable NotesAndLoansReceivableNetCurrent $53.42K USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 50.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 50.00M shares Point-in-time
Accounts receivable, net of allowance for doubtful accounts AccountsReceivableNetCurrent $7.09M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts AccountsReceivableNetCurrent $6.49M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 2.29M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 2.10M shares Point-in-time
Inventories, net of reserve for obsolete inventory InventoryNet $4.28M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 2.29M shares Point-in-time
Inventories, net of reserve for obsolete inventory InventoryNet $5.54M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 2.10M shares Point-in-time
Advances to suppliers DeferredCostsCurrent $716.23K USD Point-in-time
Advances to suppliers DeferredCostsCurrent $219.35K USD Point-in-time
Prepaid VAT on purchases PrepaidExpenseCurrent $1.17M USD Point-in-time
Prepaid VAT on purchases PrepaidExpenseCurrent $1.51M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $110.67K USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $220.41K USD Point-in-time
Total Current Assets AssetsCurrent $14.73M USD Point-in-time
Total Current Assets AssetsCurrent $15.49M USD Point-in-time
PROPERTY AND EQUIPMENT - net PropertyPlantAndEquipmentNet $63.46M USD Point-in-time
PROPERTY AND EQUIPMENT - net PropertyPlantAndEquipmentNet $64.04M USD Point-in-time
Land use rights, net FiniteLivedIntangibleAssetsNet $3.82M USD Point-in-time
Land use rights, net FiniteLivedIntangibleAssetsNet $3.82M USD Point-in-time
Total Assets Assets $82.59M USD Point-in-time
Total Assets Assets $82.77M USD Point-in-time
Short-term bank loans ShortTermBankLoansAndNotesPayable $2.69M USD Point-in-time
Short-term bank loans ShortTermBankLoansAndNotesPayable $2.36M USD Point-in-time
Bank acceptance notes payable NotesPayableToBankCurrent $236.94K USD Point-in-time
Bank acceptance notes payable NotesPayableToBankCurrent $314.23K USD Point-in-time
Accounts payable AccountsPayableCurrent $5.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $4.39M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $771.60K USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $544.84K USD Point-in-time
Capital lease obligations- current portion CapitalLeaseObligationsCurrent $247.31K USD Point-in-time
Capital lease obligations- current portion CapitalLeaseObligationsCurrent $244.75K USD Point-in-time
Advances from customers CustomerAdvancesCurrent $1.22M USD Point-in-time
Advances from customers CustomerAdvancesCurrent $1.17M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $592.20K USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $278.70K USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $10.44M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $9.61M USD Point-in-time
Capital lease obligations - net of current portion CapitalLeaseObligationsNoncurrent $298.81K USD Point-in-time
Capital lease obligations - net of current portion CapitalLeaseObligationsNoncurrent $381.24K USD Point-in-time
Total Liabilities Liabilities $10.82M USD Point-in-time
Total Liabilities Liabilities $9.91M USD Point-in-time
Preferred stock $0.001 par value (30,000,000 shares authorized, all of which were designated as series A convertible preferred, 8,615,670 and 10,995,807 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively PreferredStockValue $11.00K USD Point-in-time
Preferred stock $0.001 par value (30,000,000 shares authorized, all of which were designated as series A convertible preferred, 8,615,670 and 10,995,807 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively PreferredStockValue $8.62K USD Point-in-time
Common stock ($0.001 par value; 50,000,000 shares authorized; 2,294,442 and 2,101,849 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively CommonStockValue $2.10K USD Point-in-time
Common stock ($0.001 par value; 50,000,000 shares authorized; 2,294,442 and 2,101,849 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively CommonStockValue $2.29K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $27.49M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $27.84M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $34.89M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $34.62M USD Point-in-time
Statutory reserve StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired $2.09M USD Point-in-time
Statutory reserve StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired $2.06M USD Point-in-time
Accumulated other comprehensive gain - foreign currency translation adjustment AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $8.03M USD Point-in-time
Accumulated other comprehensive gain - foreign currency translation adjustment AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $7.58M USD Point-in-time
Total Stockholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $72.86M USD Point-in-time
Total Stockholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $71.76M USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $82.77M USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $82.59M USD Point-in-time
Income Statement 46 line items
Line Item Tag Value Unit Period
REVENUES Revenues $17.57M USD 1 Quarter
REVENUES Revenues $9.41M USD 1 Quarter
COST OF REVENUES CostOfRevenue $13.01M USD 1 Quarter
COST OF REVENUES CostOfRevenue $7.53M USD 1 Quarter
GROSS PROFIT GrossProfit $1.88M USD 1 Quarter
GROSS PROFIT GrossProfit $4.55M USD 1 Quarter
Depreciation DepreciationNonproduction $374.61K USD 1 Quarter
Depreciation DepreciationNonproduction $80.59K USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $666.12K USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $831.80K USD 1 Quarter
Total Operating Expenses OperatingExpenses $1.04M USD 1 Quarter
Total Operating Expenses OperatingExpenses $912.39K USD 1 Quarter
INCOME FROM OPERATIONS OperatingIncomeLoss $841.95K USD 1 Quarter
INCOME FROM OPERATIONS OperatingIncomeLoss $3.64M USD 1 Quarter
Interest income InvestmentIncomeInterest $712.00 USD 1 Quarter
Interest income InvestmentIncomeInterest $5.50K USD 1 Quarter
Interest expense InterestExpense $90.03K USD 1 Quarter
Interest expense InterestExpense $29.70K USD 1 Quarter
Foreign currency gain (loss) ForeignCurrencyTransactionGainLossBeforeTax $-1.46K USD 1 Quarter
Foreign currency gain (loss) ForeignCurrencyTransactionGainLossBeforeTax $4.28K USD 1 Quarter
Warrants modification expense WarrantsModificationExpense - USD 1 Quarter
Warrants modification expense WarrantsModificationExpense $235.13K USD 1 Quarter
Other income OtherSalesRevenueNet $6.64K USD 1 Quarter
Other income OtherSalesRevenueNet $8.65K USD 1 Quarter
Total Other Income (Expense) NonoperatingIncomeExpense $-308.74K USD 1 Quarter
Total Other Income (Expense) NonoperatingIncomeExpense $-21.80K USD 1 Quarter
INCOME BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $3.62M USD 1 Quarter
INCOME BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $533.21K USD 1 Quarter
INCOME TAXES IncomeTaxExpenseBenefit $953.26K USD 1 Quarter
INCOME TAXES IncomeTaxExpenseBenefit $230.41K USD 1 Quarter
NET INCOME ProfitLoss $2.67M USD 1 Quarter
NET INCOME ProfitLoss $302.80K USD 1 Quarter
NET INCOME ProfitLoss $2.67M USD 1 Quarter
NET INCOME ProfitLoss $302.80K USD 1 Quarter
Unrealized foreign currency translation gain OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease $451.70K USD 1 Quarter
Unrealized foreign currency translation gain OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease $405.83K USD 1 Quarter
COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $754.50K USD 1 Quarter
COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $3.07M USD 1 Quarter
Basic EarningsPerShareBasic $1.41 USD 1 Quarter
Basic EarningsPerShareBasic $0.14 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.04 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.12 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 1.89M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 2.17M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 2.57M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 2.52M shares 1 Quarter
Cash Flow Statement 76 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $2.67M USD 1 Quarter
Net income ProfitLoss $302.80K USD 1 Quarter
Depreciation Depreciation $1.55M USD 1 Quarter
Depreciation Depreciation $1.18M USD 1 Quarter
Amortization of land use rights AmortizationOfIntangibleAssets $22.43K USD 1 Quarter
Amortization of land use rights AmortizationOfIntangibleAssets $23.38K USD 1 Quarter
Increase in allowance for doubtful accounts ProvisionForDoubtfulAccounts $-46.67K USD 1 Quarter
Increase in allowance for doubtful accounts ProvisionForDoubtfulAccounts $-7.14K USD 1 Quarter
Warrants modification expense WarrantsModificationExpense - USD 1 Quarter
Warrants modification expense WarrantsModificationExpense $235.13K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $84.89K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $28.19K USD 1 Quarter
Notes receivable IncreaseDecreaseInNotesReceivableCurrent $161.70K USD 1 Quarter
Notes receivable IncreaseDecreaseInNotesReceivableCurrent $102.85K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-2.09M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-685.97K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $1.18M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $1.24M USD 1 Quarter
Prepaid value-added taxes on purchases IncreaseDecreaseInPrepaidExpense $-254.54K USD 1 Quarter
Prepaid value-added taxes on purchases IncreaseDecreaseInPrepaidExpense $-355.36K USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $26.86K USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $103.84K USD 1 Quarter
Advances to suppliers IncreaseDecreaseInDeferredCharges $289.01K USD 1 Quarter
Advances to suppliers IncreaseDecreaseInDeferredCharges $495.86K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-640.50K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-1.07M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $133.30K USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-231.30K USD 1 Quarter
VAT and service taxes payable IncreaseDecreaseInPropertyAndOtherTaxesPayable $-81.89K USD 1 Quarter
VAT and service taxes payable IncreaseDecreaseInPropertyAndOtherTaxesPayable - USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-317.48K USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-182.03K USD 1 Quarter
Advances from customers IncreaseDecreaseInCustomerAdvances $76.74K USD 1 Quarter
Advances from customers IncreaseDecreaseInCustomerAdvances $49.62K USD 1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $125.82K USD 1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $3.43M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $557.37K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.85M USD 1 Quarter
NET CASH USED IN INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-2.85M USD 1 Quarter
NET CASH USED IN INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-557.37K USD 1 Quarter
Principal payments on capital lease RepaymentsOfLongTermCapitalLeaseObligations $83.88K USD 1 Quarter
Principal payments on capital lease RepaymentsOfLongTermCapitalLeaseObligations - USD 1 Quarter
Proceeds from loans payable ProceedsFromOtherShortTermDebt $949.35K USD 1 Quarter
Proceeds from loans payable ProceedsFromOtherShortTermDebt $758.79K USD 1 Quarter
Repayment of loans payable RepaymentsOfOtherShortTermDebt $1.37M USD 1 Quarter
Repayment of loans payable RepaymentsOfOtherShortTermDebt $632.90K USD 1 Quarter
Decrease in restricted cash ProceedsFromRepaymentsOfRestrictedCashFinancingActivities - USD 1 Quarter
Decrease in restricted cash ProceedsFromRepaymentsOfRestrictedCashFinancingActivities $31.64K USD 1 Quarter
Decrease in bank acceptance notes payable ProceedsFromBankDebt $-79.34K USD 1 Quarter
Decrease in bank acceptance notes payable ProceedsFromBankDebt - USD 1 Quarter
Proceeds from sale of common stock ProceedsFromIssuanceOfCommonStock $125.00K USD 1 Quarter
Proceeds from sale of common stock ProceedsFromIssuanceOfCommonStock - USD 1 Quarter
Proceeds from exercise of warrants ProceedsFromWarrantExercises - USD 1 Quarter
Proceeds from exercise of warrants ProceedsFromWarrantExercises $200.00K USD 1 Quarter
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $-282.04K USD 1 Quarter
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $184.88K USD 1 Quarter
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS EffectOfExchangeRateOnCashAndCashEquivalents $5.13K USD 1 Quarter
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS EffectOfExchangeRateOnCashAndCashEquivalents $5.96K USD 1 Quarter
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $305.42K USD 1 Quarter
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-241.53K USD 1 Quarter
CASH AND CASH EQUIVALENTS - beginning of period CashAndCashEquivalentsAtCarryingValue $947.18K USD Point-in-time
CASH AND CASH EQUIVALENTS - beginning of period CashAndCashEquivalentsAtCarryingValue $1.25M USD Point-in-time
CASH AND CASH EQUIVALENTS - beginning of period CashAndCashEquivalentsAtCarryingValue $911.08K USD Point-in-time
CASH AND CASH EQUIVALENTS - beginning of period CashAndCashEquivalentsAtCarryingValue $1.15M USD Point-in-time
CASH AND CASH EQUIVALENTS - end of period CashAndCashEquivalentsAtCarryingValue $947.18K USD Point-in-time
CASH AND CASH EQUIVALENTS - end of period CashAndCashEquivalentsAtCarryingValue $1.25M USD Point-in-time
CASH AND CASH EQUIVALENTS - end of period CashAndCashEquivalentsAtCarryingValue $911.08K USD Point-in-time
CASH AND CASH EQUIVALENTS - end of period CashAndCashEquivalentsAtCarryingValue $1.15M USD Point-in-time
Interest InterestPaid $90.03K USD 1 Quarter
Interest InterestPaid $29.70K USD 1 Quarter
Income taxes IncomeTaxesPaid $547.89K USD 1 Quarter
Income taxes IncomeTaxesPaid $1.14M USD 1 Quarter
Series A preferred converted to common shares StockIssuedForConvertibleSecurities $4.58K USD 1 Quarter
Series A preferred converted to common shares StockIssuedForConvertibleSecurities $936.00 USD 1 Quarter
Common stock issued for future service CommonStockIssuedForPriorAndFutureService $82.32K USD 1 Quarter
Common stock issued for future service CommonStockIssuedForPriorAndFutureService - USD 1 Quarter

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

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