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10-Q/A Filing

COSMOS GROUP HOLDINGS INC. CIK: 1706509 Q1 2023
Filing Information
Form Type 10-Q/A
Accession Number 0001213900-23-044332
Period End Date 20230331
Filing Date 20230531
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance f10q0323a1_cosmos_htm.xml
Filing Contents
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Common stock, shares par value (in Dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, shares par value (in Dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents Cash $1.81M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Cash and cash equivalents Cash $2.47M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Loan receivables, net AccountsAndOtherReceivablesNetCurrent $15.31M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 454.40M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 457.00M shares Point-in-time
Loan receivables, net AccountsAndOtherReceivablesNetCurrent $16.54M USD Point-in-time
Loan interest and fee receivables, net ReceivablesNetCurrent $358.87K USD Point-in-time
Loan interest and fee receivables, net ReceivablesNetCurrent $1.09M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 457.00M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 454.40M shares Point-in-time
Inventories InventoryNet $1.16M USD Point-in-time
Inventories InventoryNet $1.18M USD Point-in-time
Prepayments and other receivables PrepaidExpenseCurrent $721.60K USD Point-in-time
Prepayments and other receivables PrepaidExpenseCurrent $774.36K USD Point-in-time
Right-of-use assets, net RightofuseAssetsNet $160.94K USD Point-in-time
Right-of-use assets, net RightofuseAssetsNet $105.47K USD Point-in-time
Total current assets AssetsCurrent $20.19M USD Point-in-time
Total current assets AssetsCurrent $21.51M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $56.98K USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $57.09K USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $12.47M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $13.34M USD Point-in-time
Loan receivables, net LoanReceivablesNet $3.08M USD Point-in-time
Loan receivables, net LoanReceivablesNet $3.10M USD Point-in-time
TOTAL ASSETS Assets $37.12M USD Point-in-time
TOTAL ASSETS Assets $36.68M USD Point-in-time
Accounts payable AccountsPayableCurrent $2.74M USD Point-in-time
Accounts payable AccountsPayableCurrent $2.38M USD Point-in-time
Accrued liabilities and other payables AccruedLiabilitiesCurrent $465.89K USD Point-in-time
Accrued liabilities and other payables AccruedLiabilitiesCurrent $283.29K USD Point-in-time
Accrued consulting and service fee AccruedExchangeFeeRebateCurrent $2.85M USD Point-in-time
Accrued consulting and service fee AccruedExchangeFeeRebateCurrent $2.85M USD Point-in-time
Loan payables LoansPayable $1.32M USD Point-in-time
Loan payables LoansPayable $1.82M USD Point-in-time
Amounts due to related parties AmountsDueToRelatedParties $23.93M USD Point-in-time
Amounts due to related parties AmountsDueToRelatedParties $24.68M USD Point-in-time
Income tax payable TaxesPayableCurrent $709.34K USD Point-in-time
Income tax payable TaxesPayableCurrent $719.08K USD Point-in-time
Convertible note payables ConvertibleNotesPayableCurrent $215.75K USD Point-in-time
Convertible note payables ConvertibleNotesPayableCurrent $383.06K USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $103.49K USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $136.80K USD Point-in-time
Total current liabilities LiabilitiesCurrent $32.69M USD Point-in-time
Total current liabilities LiabilitiesCurrent $32.90M USD Point-in-time
Operating lease liabilities: OperatingLeaseLiabilityNoncurrent $29.73K USD Point-in-time
Operating lease liabilities: OperatingLeaseLiabilityNoncurrent $5.57K USD Point-in-time
TOTAL LIABILITIES Liabilities $32.72M USD Point-in-time
TOTAL LIABILITIES Liabilities $32.91M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized; 457,000,915 and 454,398,143 issued and outstanding as of March 31, 2023 and December 31, 2022 CommonStockValue $457.00K USD Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized; 457,000,915 and 454,398,143 issued and outstanding as of March 31, 2023 and December 31, 2022 CommonStockValue $454.40K USD Point-in-time
Common stock to be issued CommonStockSharesSubscriptions $400.00K USD Point-in-time
Common stock to be issued CommonStockSharesSubscriptions $400.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $133.66M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $134.04M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $55.38K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-11.54K USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-130.56M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-130.72M USD Point-in-time
Stockholders equity attributable to COSG Group Holdings Inc. StockholdersEquity $4.22M USD Point-in-time
Stockholders equity attributable to COSG Group Holdings Inc. StockholdersEquity $3.97M USD Point-in-time
Noncontrolling interest MinorityInterest $-10.11K USD Point-in-time
Noncontrolling interest MinorityInterest $-10.11K USD Point-in-time
Stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.21M USD Point-in-time
Stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.77M USD Point-in-time
Stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-41.77M USD Point-in-time
Stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.96M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY LiabilitiesAndStockholdersEquity $37.12M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY LiabilitiesAndStockholdersEquity $36.68M USD Point-in-time
Income Statement 58 line items
Line Item Tag Value Unit Period
Lending segment LendingSegmentIncome $1.67M USD 1 Quarter
Lending segment LendingSegmentIncome $1.56M USD 1 Quarter
Arts and collectibles technology segment ArtsAndCollectiblesTechnologyIncome $2.51M USD 1 Quarter
Arts and collectibles technology segment ArtsAndCollectiblesTechnologyIncome $598.65K USD 1 Quarter
Total Revenue Revenues $4.18M USD 1 Quarter
Total Revenue Revenues $2.15M USD 1 Quarter
Lending segment LendingSegmentExpense $58.93K USD 1 Quarter
Lending segment LendingSegmentExpense $46.91K USD 1 Quarter
Arts and collectibles technology segment ArtsAndCollectibleTechnologyIncome $315.40K USD 1 Quarter
Arts and collectibles technology segment ArtsAndCollectibleTechnologyIncome $665.76K USD 1 Quarter
Total cost of revenue CostOfRevenue $374.33K USD 1 Quarter
Total cost of revenue CostOfRevenue $712.66K USD 1 Quarter
Gross profit GrossProfit $1.78M USD 1 Quarter
Gross profit GrossProfit $3.47M USD 1 Quarter
Sales and marketing expenses SellingAndMarketingExpense $19.36M USD 1 Quarter
Sales and marketing expenses SellingAndMarketingExpense $30.52K USD 1 Quarter
Corporate development expense DevelopmentCosts $57.34K USD 1 Quarter
Corporate development expense DevelopmentCosts $18.99M USD 1 Quarter
Technology and development expense OtherResearchAndDevelopmentExpense $24.35M USD 1 Quarter
Technology and development expense OtherResearchAndDevelopmentExpense $10.70K USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $3.90M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $2.73M USD 1 Quarter
Total operating expenses OperatingExpenses $4.00M USD 1 Quarter
Total operating expenses OperatingExpenses $65.44M USD 1 Quarter
LOSS FROM OPERATION OperatingIncomeLoss $-2.22M USD 1 Quarter
LOSS FROM OPERATION OperatingIncomeLoss $-61.97M USD 1 Quarter
Interest income InterestIncomeOther $39.00 USD 1 Quarter
Interest income InterestIncomeOther $1.11K USD 1 Quarter
Convertible notes interest expense ConvertibleNotesInterestExpense $1.54K USD 1 Quarter
Impairment loss on digital assets GoodwillImpairmentLoss $3.20K USD 1 Quarter
Imputed interest expense LoanInterestExpenses $237.11K USD 1 Quarter
Imputed interest expense LoanInterestExpenses $237.12K USD 1 Quarter
Loan interest expense InterestAndDebtExpense $19.14K USD 1 Quarter
Sundry income SundryIncome $31.14K USD 1 Quarter
Sundry income SundryIncome $23.94K USD 1 Quarter
Total other expense OtherNonoperatingIncomeExpense $-225.55K USD 1 Quarter
Total other expense OtherNonoperatingIncomeExpense $-216.34K USD 1 Quarter
LOSS BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-2.45M USD 1 Quarter
LOSS BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-62.18M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $211.16K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $170.07K USD 1 Quarter
NET LOSS ProfitLoss $-62.40M USD 1 Quarter
NET LOSS ProfitLoss $-2.62M USD 1 Quarter
Net loss attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-3.39K USD 1 Quarter
Net loss attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $-62.39M USD 1 Quarter
Net loss attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $-2.62M USD 1 Quarter
Foreign currency adjustment income (loss) OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $-36.83K USD 1 Quarter
Foreign currency adjustment income (loss) OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $10.44K USD 1 Quarter
COMPREHENSIVE LOSS ComprehensiveIncomeNetOfTax $-2.58M USD 1 Quarter
COMPREHENSIVE LOSS ComprehensiveIncomeNetOfTax $-62.40M USD 1 Quarter
Basic (in Dollars per share) EarningsPerShareBasic $-0.01 USD 1 Quarter
Basic (in Dollars per share) EarningsPerShareBasic $-0.19 USD 1 Quarter
Diluted (in Dollars per share) EarningsPerShareDiluted $-0.01 USD 1 Quarter
Diluted (in Dollars per share) EarningsPerShareDiluted $-0.05 USD 1 Quarter
Basic (in Shares) WeightedAverageNumberOfSharesOutstandingBasic 334.07M shares 1 Quarter
Basic (in Shares) WeightedAverageNumberOfSharesOutstandingBasic 374.09M shares 1 Quarter
Diluted (in Shares) WeightedAverageNumberOfDilutedSharesOutstanding 374.09M shares 1 Quarter
Diluted (in Shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.14B shares 1 Quarter
Cash Flow Statement 58 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-62.40M USD 1 Quarter
Net loss ProfitLoss $-2.62M USD 1 Quarter
Depreciation of property and equipment GainLossonWrittenoffPropertyandEquipment $-1.32K USD 1 Quarter
Depreciation of property and equipment GainLossonWrittenoffPropertyandEquipment $-1.99K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $993.25K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $868.26K USD 1 Quarter
Imputed interest expense ImputedInterestExpense $237.11K USD 1 Quarter
Imputed interest expense ImputedInterestExpense $237.12K USD 1 Quarter
Digital assets received as revenue DigitalAssetsReceivedAsRevenue $-2.51M USD 1 Quarter
Digital assets paid for expense IncomeTaxesPaidNet $-2.54M USD 1 Quarter
Impairment loss on digital assets OperatingLeaseImpairmentLoss $3.20K USD 1 Quarter
Share issued for services rendered IssuanceOfStockAndWarrantsForServicesOrClaims - USD 1 Quarter
Share issued for services rendered IssuanceOfStockAndWarrantsForServicesOrClaims $168.85K USD 1 Quarter
Loan receivables IncreaseDecreaseInReceivables $1.29M USD 1 Quarter
Loan receivables IncreaseDecreaseInReceivables $-1.23M USD 1 Quarter
Loan interest and fee receivables LoanInterestAndFeeReceivables $177.25K USD 1 Quarter
Loan interest and fee receivables LoanInterestAndFeeReceivables $-735.06K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $14.28K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-665.39K USD 1 Quarter
Prepayment and other receivables IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets $-6.20K USD 1 Quarter
Prepayment and other receivables IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets $72.49K USD 1 Quarter
Accrued liabilities and other payables IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-182.60K USD 1 Quarter
Accrued liabilities and other payables IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-47.43K USD 1 Quarter
Accrued consulting and service fee IncreaseDecreasInAccruedConsultingAndServiceFee $62.37M USD 1 Quarter
Accounts payables IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $356.84K USD 1 Quarter
Right-of-use assets and operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $-1.42K USD 1 Quarter
Right-of-use assets and operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $22.17K USD 1 Quarter
Income tax payable IncreaseDecreaseInIncomeTaxes $170.07K USD 1 Quarter
Income tax payable IncreaseDecreaseInIncomeTaxes $211.16K USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $959.80K USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $-566.15K USD 1 Quarter
Receive from disposal of property and equipment PaymentsForProceedsFromDisposalOfPropertyAndEquipment $-2.60K USD 1 Quarter
Payment to acquire intangible assets PaymentsToAcquireIntangibleAssets $1.88K USD 1 Quarter
Cash from acquisition of subsidiary CashProceedsFromAcquisitionOfSubsidiary $33.40K USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $34.12K USD 1 Quarter
(Repayment of) proceeds from loan payables ProceedsFromrepaymentOfLoanPayables $-421.40K USD 1 Quarter
(Repayment of) proceeds from loan payables ProceedsFromrepaymentOfLoanPayables $504.46K USD 1 Quarter
Repayment of related parties RepaymentToAdvancesFromRelatedParty $748.70K USD 1 Quarter
Repayment of related parties RepaymentToAdvancesFromRelatedParty $-827.72K USD 1 Quarter
Prepayment to convertible note payables RepaymentsOfRelatedPartyDebt $191.46K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-406.31K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $52.77K USD 1 Quarter
Foreign currency translation adjustment TemporaryEquityForeignCurrencyTranslationAdjustments $144.27K USD 1 Quarter
Foreign currency translation adjustment TemporaryEquityForeignCurrencyTranslationAdjustments $20.24K USD 1 Quarter
Net change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $567.38K USD 1 Quarter
Net change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-657.65K USD 1 Quarter
BEGINNING OF PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.70M USD Point-in-time
BEGINNING OF PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.81M USD Point-in-time
BEGINNING OF PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.47M USD Point-in-time
BEGINNING OF PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.13M USD Point-in-time
END OF PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.70M USD Point-in-time
END OF PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.81M USD Point-in-time
END OF PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.47M USD Point-in-time
END OF PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.13M USD Point-in-time
Cash paid for income taxes IncomeTaxesPaid - USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid - USD 1 Quarter
Cash paid for interest InterestPaidNet $46.91K USD 1 Quarter
Cash paid for interest InterestPaidNet $58.93K USD 1 Quarter
Stockholders Equity 17 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.21M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.77M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-41.77M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.96M USD Point-in-time
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $36.83K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-10.44K USD 1 Quarter
Imputed interest on related party loans StockIssuedDuringPeriodValueNewIssues $236.34K USD 1 Quarter
Imputed interest on related party loans StockIssuedDuringPeriodValueNewIssues $237.12K USD 1 Quarter
Commitment Share issued for private placement StockIssuedDuringPeriodValueStockDividend - USD 1 Quarter
Share issued for acquired subsidiary StockIssuedDuringPeriodValueAcquisitions $625.21K USD 1 Quarter
Share issued for services rendered StockIssuedDuringPeriodValueIssuedForServices $168.85K USD 1 Quarter
Net income(loss) for the period ProfitLoss $-62.40M USD 1 Quarter
Net income(loss) for the period ProfitLoss $-2.62M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.21M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.77M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-41.77M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.96M USD Point-in-time

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

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