10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001214659-15-006207`
Period End Date	20150630
Filing Date	20150819
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	rbtk-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 80 Cash Flow Statement 53

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.55K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.20K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.71K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.62K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Account receivables, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$100.11K	USD	Point-in-time
Account receivables, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$100.64K	USD	Point-in-time
VAT receivables	`ReceivablesNetCurrent`	$175.53K	USD	Point-in-time
VAT receivables	`ReceivablesNetCurrent`	$174.90K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.69K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.66K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$289.87K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$306.58K	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$1.77M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$1.93M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$174.32K	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$175.07K	USD	Point-in-time
Total assets	`Assets`	$2.25M	USD	Point-in-time
Total assets	`Assets`	$2.39M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$349.95K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$363.31K	USD	Point-in-time
Accrued interest-related parties	`AccruedLiabilitiesCurrent`	$1.89M	USD	Point-in-time
Accrued interest-related parties	`AccruedLiabilitiesCurrent`	$2.19M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$164.28K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$163.78K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$766.67K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$769.98K	USD	Point-in-time
Short-term debt-related parties	`ShortTermBorrowings`	$3.83M	USD	Point-in-time
Short-term debt-related parties	`ShortTermBorrowings`	$3.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.99M	USD	Point-in-time
Common stock, 150,000,000 authorized, $0.0001 par value, 63,968,798 shares issued and outstanding	`CommonStockValue`	$6.40K	USD	Point-in-time
Common stock, 150,000,000 authorized, $0.0001 par value, 63,968,798 shares issued and outstanding	`CommonStockValue`	$6.40K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.76M	USD	Point-in-time
Subscriptions receivables	`CommonStockSharesSubscriptions`	$-5.43K	USD	Point-in-time
Subscriptions receivables	`CommonStockSharesSubscriptions`	$-5.43K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-79.54K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-92.89K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.18M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-3.51M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-3.08M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-1.52M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-1.68M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.60M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-5.18M	USD	Point-in-time
Total liabilities and equity (deficit)	`LiabilitiesAndStockholdersEquity`	$2.25M	USD	Point-in-time
Total liabilities and equity (deficit)	`LiabilitiesAndStockholdersEquity`	$2.39M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$180.72K	USD	1 Quarter
Revenues	`SalesRevenueNet`	-	USD	1 Quarter
Revenues	`SalesRevenueNet`	$180.72K	USD	2 Qtrs
Revenues	`SalesRevenueNet`	-	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$97.56K	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	-	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$97.56K	USD	1 Quarter
Gross profit	`GrossProfit`	$83.16K	USD	2 Qtrs
Gross profit	`GrossProfit`	-	USD	2 Qtrs
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$83.16K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$222.18K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$49.58K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$111.62K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$99.65K	USD	1 Quarter
Depreciation	`Depreciation`	$82.67K	USD	1 Quarter
Depreciation	`Depreciation`	$85.45K	USD	1 Quarter
Depreciation	`Depreciation`	$165.99K	USD	2 Qtrs
Depreciation	`Depreciation`	$170.45K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$388.17K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$282.06K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$182.32K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$135.03K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-305.01K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-99.16K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-282.06K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-135.03K	USD	1 Quarter
Interest expense	`InterestExpense`	$286.07K	USD	2 Qtrs
Interest expense	`InterestExpense`	$132.94K	USD	1 Quarter
Interest expense	`InterestExpense`	$263.10K	USD	2 Qtrs
Interest expense	`InterestExpense`	$144.11K	USD	1 Quarter
Other expenses	`OtherNonoperatingExpense`	$7.00	USD	1 Quarter
Other expenses	`OtherNonoperatingExpense`	-	USD	1 Quarter
Other expenses	`OtherNonoperatingExpense`	$123.00	USD	2 Qtrs
Other expenses	`OtherNonoperatingExpense`	-	USD	2 Qtrs
Total expenses	`NonoperatingIncomeExpense`	$-144.11K	USD	1 Quarter
Total expenses	`NonoperatingIncomeExpense`	$-286.07K	USD	2 Qtrs
Total expenses	`NonoperatingIncomeExpense`	$-263.23K	USD	2 Qtrs
Total expenses	`NonoperatingIncomeExpense`	$-132.95K	USD	1 Quarter
Net loss	`ProfitLoss`	$-568.24K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-232.10K	USD	1 Quarter
Net loss	`ProfitLoss`	$-568.13K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-279.14K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-148.10K	USD	2 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-60.86K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-157.43K	USD	2 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-72.70K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-420.03K	USD	2 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-410.82K	USD	2 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-171.24K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-206.44K	USD	1 Quarter
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	2 Qtrs
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	2 Qtrs
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	2 Qtrs
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	2 Qtrs
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-568.24K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-279.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-568.13K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-232.10K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$2.60K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$4.99K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$19.06K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-24.78K	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-281.74K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-543.46K	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-587.19K	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-237.09K	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$153.82K	USD	2 Qtrs
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$62.36K	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$149.99K	USD	2 Qtrs
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$73.48K	USD	1 Quarter
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-208.26K	USD	1 Quarter
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-433.38K	USD	2 Qtrs
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-393.47K	USD	2 Qtrs
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-174.73K	USD	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-568.24K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-279.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-568.13K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-232.10K	USD	1 Quarter
Depreciation	`Depreciation`	$82.67K	USD	1 Quarter
Depreciation	`Depreciation`	$85.45K	USD	1 Quarter
Depreciation	`Depreciation`	$165.99K	USD	2 Qtrs
Depreciation	`Depreciation`	$170.45K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.75K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$98.00	USD	2 Qtrs
VAT receivables	`IncreaseDecreaseInReceivables`	$-116.00	USD	2 Qtrs
VAT receivables	`IncreaseDecreaseInReceivables`	$-15.69K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.85K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-80.13K	USD	2 Qtrs
Accounts payables and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$25.78K	USD	2 Qtrs
Accounts payables and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.23K	USD	2 Qtrs
Accrued interest-related parties	`IncreaseDecreaseInAccruedLiabilities`	$274.75K	USD	2 Qtrs
Accrued interest-related parties	`IncreaseDecreaseInAccruedLiabilities`	$291.56K	USD	2 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-81.40K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-95.87K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-86.40K	USD	2 Qtrs
Payments for construction in progress	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Payments for construction in progress	`PaymentsToAcquirePropertyPlantAndEquipment`	$77.92K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-77.92K	USD	2 Qtrs
Net change in advance from related parties	`RepaymentsOfRelatedPartyDebt`	$55.52K	USD	2 Qtrs
Net change in advance from related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$215.94K	USD	2 Qtrs
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$111.38K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$111.38K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$160.43K	USD	2 Qtrs
Cash Effects of Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-3.00	USD	2 Qtrs
Cash Effects of Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$37.00	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.51K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.94K	USD	2 Qtrs
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.55K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$8.20K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$23.71K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$16.62K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.55K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$8.20K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$23.71K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$16.62K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Reclassification of construction in progress to fixed assets	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	-	USD	2 Qtrs
Reclassification of construction in progress to fixed assets	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$105.41K	USD	2 Qtrs
Non-cash effects of Foreign currency translation	`NoncashEffectsOfForeignCurrencyTranslation`	$-19.06K	USD	2 Qtrs
Non-cash effects of Foreign currency translation	`NoncashEffectsOfForeignCurrencyTranslation`	$24.81K	USD	2 Qtrs

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