10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001213900-17-005744 |
| Period End Date | 20170331 |
| Filing Date | 20170523 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | cnct-20170331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
45 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
|
147.51M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
173.66M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
173.66M | shares | Point-in-time |
| Deposit and prepaid expenses |
PrepaidExpenseAndOtherAssetsCurrent
|
$230.00K | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
147.51M | shares | Point-in-time |
| Deposit and prepaid expenses |
PrepaidExpenseAndOtherAssetsCurrent
|
$200.00K | USD | Point-in-time |
| Other receivable |
OtherReceivablesNetCurrent
|
- | USD | Point-in-time |
| Other receivable |
OtherReceivablesNetCurrent
|
- | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$200.00K | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$230.00K | USD | Point-in-time |
| Other asset deposit |
OtherAssetsNoncurrent
|
- | USD | Point-in-time |
| Other asset deposit |
OtherAssetsNoncurrent
|
- | USD | Point-in-time |
| Total Non-Current Assets |
AssetsNoncurrent
|
- | USD | Point-in-time |
| Total Non-Current Assets |
AssetsNoncurrent
|
- | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$200.00K | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$230.00K | USD | Point-in-time |
| Due to related parties |
DueToRelatedPartiesCurrent
|
$477.82K | USD | Point-in-time |
| Due to related parties |
DueToRelatedPartiesCurrent
|
$413.15K | USD | Point-in-time |
| Accrued liabilities and other payable |
AccruedLiabilitiesAndOtherLiabilities
|
$54.00K | USD | Point-in-time |
| Accrued liabilities and other payable |
AccruedLiabilitiesAndOtherLiabilities
|
$79.87K | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$557.69K | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$467.15K | USD | Point-in-time |
| TOTAL LIABILITIES |
Liabilities
|
$467.15K | USD | Point-in-time |
| TOTAL LIABILITIES |
Liabilities
|
$557.69K | USD | Point-in-time |
| Common stock US$0.01 par value; 1,000,000,000 authorized, 173,663,776 and 147,513,776 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively |
CommonStockValue
|
$1.48M | USD | Point-in-time |
| Common stock US$0.01 par value; 1,000,000,000 authorized, 173,663,776 and 147,513,776 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively |
CommonStockValue
|
$1.74M | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapitalCommonStock
|
$5.69M | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapitalCommonStock
|
$5.88M | USD | Point-in-time |
| Other comprehensive capital |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$8.97K | USD | Point-in-time |
| Other comprehensive capital |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$8.97K | USD | Point-in-time |
| Retained Deficit |
RetainedEarningsAccumulatedDeficit
|
$-7.77M | USD | Point-in-time |
| Retained Deficit |
RetainedEarningsAccumulatedDeficit
|
$-7.63M | USD | Point-in-time |
| TOTAL STOCKHOLDERS' DEFICIT |
StockholdersEquity
|
$-267.15K | USD | Point-in-time |
| TOTAL STOCKHOLDERS' DEFICIT |
StockholdersEquity
|
$-214.56K | USD | Point-in-time |
| TOTAL STOCKHOLDERS' DEFICIT |
StockholdersEquity
|
$-327.69K | USD | Point-in-time |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT |
LiabilitiesAndStockholdersEquity
|
$200.00K | USD | Point-in-time |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT |
LiabilitiesAndStockholdersEquity
|
$230.00K | USD | Point-in-time |
Income Statement
49 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Sales |
Revenues
|
- | USD | 1 Quarter |
| Sales |
Revenues
|
- | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
- | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
- | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
- | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
- | USD | 1 Quarter |
| Administrative and general expenses |
GeneralAndAdministrativeExpense
|
- | USD | 1 Quarter |
| Administrative and general expenses |
GeneralAndAdministrativeExpense
|
$137.27K | USD | 1 Quarter |
| Total operating expense |
OperatingExpenses
|
- | USD | 1 Quarter |
| Total operating expense |
OperatingExpenses
|
$137.27K | USD | 1 Quarter |
| Operating Income / (Loss) |
OperatingIncomeLoss
|
$-137.27K | USD | 1 Quarter |
| Operating Income / (Loss) |
OperatingIncomeLoss
|
- | USD | 1 Quarter |
| Gain on forgiveness of long term debt |
GainOnForgivenessOfLongTermDebt
|
- | USD | 1 Quarter |
| Gain on forgiveness of long term debt |
GainOnForgivenessOfLongTermDebt
|
- | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
- | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
- | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
- | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
- | USD | 1 Quarter |
| Other Expenses |
OtherNonoperatingExpense
|
- | USD | 1 Quarter |
| Other Expenses |
OtherNonoperatingExpense
|
- | USD | 1 Quarter |
| Interest expenses |
InterestExpense
|
- | USD | 1 Quarter |
| Interest expenses |
InterestExpense
|
- | USD | 1 Quarter |
| Total other income / (expense) |
NonoperatingIncomeExpense
|
- | USD | 1 Quarter |
| Total other income / (expense) |
NonoperatingIncomeExpense
|
- | USD | 1 Quarter |
| Income/(Loss) before taxation |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-137.27K | USD | 1 Quarter |
| Income/(Loss) before taxation |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
- | USD | 1 Quarter |
| Income tax |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Income tax |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Loss from Continuing Operations |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$-137.27K | USD | 1 Quarter |
| Loss from Continuing Operations |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
$-52.59K | USD | Annual |
| Net Income (Loss) |
NetIncomeLoss
|
$-137.27K | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
- | USD | 1 Quarter |
| Foreign currency translation change |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
- | USD | 1 Quarter |
| Foreign currency translation change |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
- | USD | 1 Quarter |
| Comprehensive income: |
ComprehensiveIncomeNetOfTax
|
- | USD | 1 Quarter |
| Comprehensive income: |
ComprehensiveIncomeNetOfTax
|
- | USD | 1 Quarter |
| -minority interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| -minority interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| -the Company |
ProfitLoss
|
- | USD | 1 Quarter |
| -the Company |
ProfitLoss
|
- | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
- | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
- | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
- | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
- | USD | 1 Quarter |
| -Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
147.51M | shares | 1 Quarter |
| -Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
171.91M | shares | 1 Quarter |
| -Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
171.91M | shares | 1 Quarter |
| -Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
147.51M | shares | 1 Quarter |
Cash Flow Statement
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income (Loss) |
NetIncomeLoss
|
$-52.59K | USD | Annual |
| Net Income (Loss) |
NetIncomeLoss
|
$-137.27K | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
- | USD | 1 Quarter |
| Share issued for commission |
ShareIssuedForCommission
|
$7.50K | USD | 1 Quarter |
| Share issued for commission |
ShareIssuedForCommission
|
- | USD | 1 Quarter |
| Share issued for compensation |
ShareBasedCompensation
|
$39.23K | USD | 1 Quarter |
| Share issued for compensation |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Depreciation |
Depreciation
|
- | USD | 1 Quarter |
| Depreciation |
Depreciation
|
- | USD | 1 Quarter |
| Decrease (Increase) in other receivables |
IncreaseDecreaseInOtherReceivables
|
- | USD | 1 Quarter |
| Decrease (Increase) in other receivables |
IncreaseDecreaseInOtherReceivables
|
- | USD | 1 Quarter |
| Decrease (Increase) in amount due from related parties |
IncreaseDecreaseInDueFromRelatedParties
|
- | USD | 1 Quarter |
| Decrease (Increase) in amount due from related parties |
IncreaseDecreaseInDueFromRelatedParties
|
- | USD | 1 Quarter |
| Decrease (Increase) in deposit and prepaid expenses |
IncreaseDecreaseInPrepaidExpensesOther
|
- | USD | 1 Quarter |
| Decrease (Increase) in deposit and prepaid expenses |
IncreaseDecreaseInPrepaidExpensesOther
|
$30.00K | USD | 1 Quarter |
| Decrease (Increase) in purchase deposit |
IncreaseDecreaseInDepositOtherAssets
|
- | USD | 1 Quarter |
| Decrease (Increase) in purchase deposit |
IncreaseDecreaseInDepositOtherAssets
|
- | USD | 1 Quarter |
| Decrease (Increase) in inventories |
IncreaseDecreaseInInventories
|
- | USD | 1 Quarter |
| Decrease (Increase) in inventories |
IncreaseDecreaseInInventories
|
- | USD | 1 Quarter |
| Increase (Decrease) in tax payables |
IncreaseDecreaseInIncomeTaxesReceivable
|
- | USD | 1 Quarter |
| Increase (Decrease) in tax payables |
IncreaseDecreaseInIncomeTaxesReceivable
|
- | USD | 1 Quarter |
| Increase (Decrease) in accrued liabilities and other payables |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
- | USD | 1 Quarter |
| Increase (Decrease) in accrued liabilities and other payables |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$25.87K | USD | 1 Quarter |
| Increase (Decrease) in due to related parties |
IncreaseDecreaseInDueToRelatedParties
|
- | USD | 1 Quarter |
| Increase (Decrease) in due to related parties |
IncreaseDecreaseInDueToRelatedParties
|
$64.67K | USD | 1 Quarter |
| Cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-30.00K | USD | 1 Quarter |
| Cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
- | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
- | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-30.00K | USD | 1 Quarter |
| Net cash inflow |
ProceedsFromMinorityShareholders
|
- | USD | 1 Quarter |
| Net cash inflow |
ProceedsFromMinorityShareholders
|
- | USD | 1 Quarter |
| Payments for deposits |
PaymentsForProceedsFromOtherDeposits
|
- | USD | 1 Quarter |
| Payments for deposits |
PaymentsForProceedsFromOtherDeposits
|
- | USD | 1 Quarter |
| Disposal for short-term investment |
ProceedsFromSaleOfShortTermInvestments
|
- | USD | 1 Quarter |
| Disposal for short-term investment |
ProceedsFromSaleOfShortTermInvestments
|
- | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
- | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
- | USD | 1 Quarter |
| Issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$30.00K | USD | 1 Quarter |
| Issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$30.00K | USD | Point-in-time |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
- | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$30.00K | USD | 1 Quarter |
| Net increase in cash and cash equivalents for the Year |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
- | USD | 1 Quarter |
| Net increase in cash and cash equivalents for the Year |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
- | USD | 1 Quarter |
| Effect of Currency Translation |
EffectOfExchangeRateOnCash
|
- | USD | 1 Quarter |
| Effect of Currency Translation |
EffectOfExchangeRateOnCash
|
- | USD | 1 Quarter |
| Cash & Cash Equivalents at Beginning of Year |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash & Cash Equivalents at Beginning of Year |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash & Cash Equivalents at Beginning of Year |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash & Cash Equivalents at Beginning of Year |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash & Cash Equivalents at End of Year |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash & Cash Equivalents at End of Year |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash & Cash Equivalents at End of Year |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash & Cash Equivalents at End of Year |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Issuance of common stock for compensation |
StockIssued1
|
- | USD | 1 Quarter |
| Issuance of common stock for compensation |
StockIssued1
|
$39.23K | USD | 1 Quarter |
| Issuance of common stock for commission |
IssuanceOfCommonStockForCommission
|
$7.50K | USD | 1 Quarter |
| Issuance of common stock for commission |
IssuanceOfCommonStockForCommission
|
- | USD | 1 Quarter |
| Issuance of common stock for acquisition |
IssuanceOfCommonStockForAcquisition
|
30,000.00 | shares | 1 Quarter |
| Issuance of common stock for acquisition |
IssuanceOfCommonStockForAcquisition
|
- | shares | 1 Quarter |
| TOTAL |
CashInvestingAndFinancingNetTotal
|
- | USD | 1 Quarter |
| TOTAL |
CashInvestingAndFinancingNetTotal
|
$76.73K | USD | 1 Quarter |
Stockholders Equity
13 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$-267.15K | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$-214.56K | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$-327.69K | USD | Point-in-time |
| Net Income/loss |
NetIncomeLoss
|
$-52.59K | USD | Annual |
| Net Income/loss |
NetIncomeLoss
|
$-137.27K | USD | 1 Quarter |
| Net Income/loss |
NetIncomeLoss
|
- | USD | 1 Quarter |
| Foreign Currency Translation Adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
- | USD | Annual |
| Issuance of common stock - acquisition |
StockIssuedDuringPeriodValueAcquisitions
|
$30.00K | USD | 1 Quarter |
| Issuance of common stock - compensation |
StockGrantedDuringPeriodValueSharebasedCompensationGross
|
$39.23K | USD | 1 Quarter |
| Issuance of common stock - commission |
StockIssuedDuringPeriodValueNewIssues
|
$7.50K | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$-267.15K | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$-214.56K | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$-327.69K | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.