10-K Filing

CLUSTER GROUP HOLDINGS LTD CO CIK: 1346287 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001213900-15-002782`
Period End Date	20141231
Filing Date	20150415
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	gzgt-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 48 Cash Flow Statement 54 Stockholders Equity 18

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`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
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$253.28K	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$539.95K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	122.41M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	147.21M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.83M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	122.41M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	147.21M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.12M	USD	Point-in-time
Inventories	`InventoryNet`	$4.39M	USD	Point-in-time
Inventories	`InventoryNet`	$4.45M	USD	Point-in-time
Other receivables and prepaid expenses	`OtherReceivablesNetCurrent`	$19.64K	USD	Point-in-time
Other receivables and prepaid expenses	`OtherReceivablesNetCurrent`	-	USD	Point-in-time
Advances to suppliers	`AdvancesToAffiliate`	$2.40M	USD	Point-in-time
Advances to suppliers	`AdvancesToAffiliate`	$2.93M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.53M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$300.00K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$358.35K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$125.05K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$108.44K	USD	Point-in-time
Total	`AssetsNoncurrent`	$483.40K	USD	Point-in-time
Total	`AssetsNoncurrent`	$408.44K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$10.02M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$11.81M	USD	Point-in-time
Short-term loans	`ShortTermBorrowings`	$2.37M	USD	Point-in-time
Short-term loans	`ShortTermBorrowings`	$2.45M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$239.59K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$496.86K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.61M	USD	Point-in-time
Other payables	`AccountsPayableAndAccruedLiabilitiesCurrent`	$30.22K	USD	Point-in-time
Other payables	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.09K	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$1.63M	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$929.25K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$5.16K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$7.55K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$7.13M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$5.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.00M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$14.59M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$12.00M	USD	Point-in-time
Common stock: 1,000,000,000 authorized, par value $0.01, 147,213,776 and 122,413,776 shares issued and outstanding at December 31, 2014 and 2013	`CommonStockValue`	$1.47M	USD	Point-in-time
Common stock: 1,000,000,000 authorized, par value $0.01, 147,213,776 and 122,413,776 shares issued and outstanding at December 31, 2014 and 2013	`CommonStockValue`	$1.18M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.12M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-445.39K	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-634.60K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.99M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$-1.58M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$-1.13M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$-1.34M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-857.39K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-1.20M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.98M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.78M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$10.02M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$11.81M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$5.04M	USD	Annual
Sales	`Revenues`	$4.30M	USD	Annual
Cost of sales	`CostOfRevenue`	$4.51M	USD	Annual
Cost of sales	`CostOfRevenue`	$4.18M	USD	Annual
Gross profit	`GrossProfit`	$117.36K	USD	Annual
Gross profit	`GrossProfit`	$525.22K	USD	Annual
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$695.10K	USD	Annual
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$806.91K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-689.55K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-169.88K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$25.17K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$931.00	USD	Annual
Other expense	`OtherNonoperatingExpense`	-	USD	Annual
Other expense	`OtherNonoperatingExpense`	$165.23K	USD	Annual
Interest expense	`InterestExpenseOther`	$53.63K	USD	Annual
Interest expense	`InterestExpenseOther`	$150.35K	USD	Annual
Other income and (expense), net	`NonoperatingIncomeExpense`	$-125.17K	USD	Annual
Other income and (expense), net	`NonoperatingIncomeExpense`	$-217.93K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-907.47K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-295.05K	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$224.00	USD	Annual
Net loss	`NetIncomeLoss`	$-295.28K	USD	Annual
Net loss	`NetIncomeLoss`	$-907.47K	USD	Annual
less: Loss attributable to Non-controlling interest	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$-357.94K	USD	Annual
less: Loss attributable to Non-controlling interest	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$-147.32K	USD	Annual
Net loss attributable to China Teletech Holding, Inc.	`ProfitLoss`	$-549.53K	USD	Annual
Net loss attributable to China Teletech Holding, Inc.	`ProfitLoss`	$-147.95K	USD	Annual
Basic	`EarningsPerShareBasic`	-	USD	Annual
Basic	`EarningsPerShareBasic`	-	USD	Annual
Diluted	`EarningsPerShareDiluted`	-	USD	Annual
Diluted	`EarningsPerShareDiluted`	-	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	105.20M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	124.36M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	105.20M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	124.36M	shares	Annual
Net income loss attributable to China Teletech Holding, Inc	`ProfitLoss`	$-549.53K	USD	Annual
Net income loss attributable to China Teletech Holding, Inc	`ProfitLoss`	$-147.95K	USD	Annual
Net income loss attributable to Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-147.32K	USD	Annual
Net income loss attributable to Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-357.94K	USD	Annual
Foreign currency translation (loss) gain - China Teletech Holding, Inc	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$16.53K	USD	Annual
Foreign currency translation (loss) gain - China Teletech Holding, Inc	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-189.21K	USD	Annual
Foreign currency translation gain - Non-controlling interest	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$15.88K	USD	Annual
Foreign currency translation gain - Non-controlling interest	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$13.98K	USD	Annual
Comprehensive loss China Teletech	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-738.74K	USD	Annual
Comprehensive loss China Teletech	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-131.42K	USD	Annual
Comprehensive loss Non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-343.97K	USD	Annual
Comprehensive loss Non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-131.45K	USD	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-295.28K	USD	Annual
Net loss	`NetIncomeLoss`	$-907.47K	USD	Annual
Non-cash equity-based compensation	`ShareBasedCompensation`	$70.00K	USD	Annual
Non-cash equity-based compensation	`ShareBasedCompensation`	$288.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$73.44K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$78.22K	USD	Annual
Non-controlling interest	`AdjustmentsToNoncontrollingInterest`	$13.98K	USD	Annual
Non-controlling interest	`AdjustmentsToNoncontrollingInterest`	$15.88K	USD	Annual
Decrease/(Increase) in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-575.06K	USD	Annual
Decrease/(Increase) in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.71M	USD	Annual
Decrease/(Increase) in Inventories	`IncreaseDecreaseInInventories`	$-227.00K	USD	Annual
Decrease/(Increase) in Inventories	`IncreaseDecreaseInInventories`	$57.56K	USD	Annual
Decrease/(Increase) in Advance to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$-509.43K	USD	Annual
Decrease/(Increase) in Advance to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$-528.04K	USD	Annual
Decrease/(Increase) in Other receivable	`IncreaseDecreaseInOtherReceivables`	$19.64K	USD	Annual
Decrease/(Increase) in Other receivable	`IncreaseDecreaseInOtherReceivables`	$83.42K	USD	Annual
Increase/(Decrease) in Accounts payable and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$1.04M	USD	Annual
Increase/(Decrease) in Accounts payable and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-892.97K	USD	Annual
Increase/(Decrease) in Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$647.65K	USD	Annual
Increase/(Decrease) in Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-701.28K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.35M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.61M	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.51K	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.99K	USD	Annual
Payment for deposits	`PaymentsForProceedsFromOtherDeposits`	$-771.52K	USD	Annual
Payment for deposits	`PaymentsForProceedsFromOtherDeposits`	$121.22K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-147.21K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$754.01K	USD	Annual
Proceeds from loans	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from loans	`ProceedsFromNotesPayable`	$1.13M	USD	Annual
Repayment of loans	`RepaymentsOfDebt`	$84.55K	USD	Annual
Repayment of loans	`RepaymentsOfDebt`	$-247.77K	USD	Annual
Proceeds from issuances of notes	`ProceedsFromIssuanceOfDebt`	$257.27K	USD	Annual
Proceeds from issuances of notes	`ProceedsFromIssuanceOfDebt`	$239.59K	USD	Annual
Loans from/(repayment to) related parties	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Loans from/(repayment to) related parties	`ProceedsFromRelatedPartyDebt`	$1.56M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.61M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.73M	USD	Annual
Net Increase/(Decrease) in Cash & cash equivalents for the year	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$131.78K	USD	Annual
Net Increase/(Decrease) in Cash & cash equivalents for the year	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-142.81K	USD	Annual
Effect of currency translation changes on Cash & equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-418.45K	USD	Annual
Effect of currency translation changes on Cash & equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-587.28K	USD	Annual
Cash and equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$253.28K	USD	Point-in-time
Cash and equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$539.95K	USD	Point-in-time
Cash and equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Cash and equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$253.28K	USD	Point-in-time
Cash and equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$539.95K	USD	Point-in-time
Cash and equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Interest received	`ProceedsFromInterestReceived`	$25.17K	USD	Annual
Interest received	`ProceedsFromInterestReceived`	$931.00	USD	Annual
Interest paid	`InterestPaidNet`	$165.23K	USD	Annual
Interest paid	`InterestPaidNet`	$150.36K	USD	Annual
Income tax paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income tax paid	`IncomeTaxesPaidNet`	-	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-1.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.13M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.34M	USD	Point-in-time
Recapitalization via reverse takeover by Shenzhen Jinke	`AdjustmentsToAdditionalPaidInCapitalStockSplit`	$-1.33M	USD	Annual
Conversion of debt retroactively restated	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$46.00K	USD	Annual
Shares to be issued	`CommonStockSharesToBeIssuedValue`	-	USD	Annual
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$800.00K	USD	Annual
Issuance of share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$102.00K	USD	Annual
Issuance of share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$288.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-295.28K	USD	Annual
Net loss	`NetIncomeLoss`	$-907.47K	USD	Annual
Non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-147.32K	USD	Annual
Non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-357.94K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-175.23K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$32.40K	USD	Annual
Balance	`StockholdersEquity`	$-1.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.13M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.34M	USD	Point-in-time

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