10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001214659-15-007499`
Period End Date	20150930
Filing Date	20151105
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	rbtk-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 80 Cash Flow Statement 52

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`	$19.06K	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`	$18.61K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$100.11K	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$96.76K	USD	Point-in-time
VAT receivables	`ReceivablesNetCurrent`	$168.76K	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`	$6.66K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.43K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$290.56K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$289.87K	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$1.93M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$1.62M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$174.32K	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$168.31K	USD	Point-in-time
Total assets	`Assets`	$2.08M	USD	Point-in-time
Total assets	`Assets`	$2.39M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$332.86K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$349.95K	USD	Point-in-time
Accrued interest-related parties	`AccruedLiabilitiesCurrent`	$1.89M	USD	Point-in-time
Accrued interest-related parties	`AccruedLiabilitiesCurrent`	$2.24M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$157.94K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$163.78K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$740.25K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$766.67K	USD	Point-in-time
Short-term debt-related parties	`ShortTermBorrowings`	$3.83M	USD	Point-in-time
Short-term debt-related parties	`ShortTermBorrowings`	$3.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.33M	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 receivable	`CommonStockSharesSubscriptions`	$-5.43K	USD	Point-in-time
Subscriptions receivable	`CommonStockSharesSubscriptions`	$-5.43K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-79.54K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$37.83K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.37M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-3.08M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-3.57M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-1.68M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-1.52M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-5.25M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.60M	USD	Point-in-time
Total liabilities and equity (deficit)	`LiabilitiesAndStockholdersEquity`	$2.39M	USD	Point-in-time
Total liabilities and equity (deficit)	`LiabilitiesAndStockholdersEquity`	$2.08M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	-	USD	1 Quarter
Revenues	`SalesRevenueNet`	-	USD	3 Qtrs
Revenues	`SalesRevenueNet`	-	USD	1 Quarter
Revenues	`SalesRevenueNet`	$180.50K	USD	3 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	-	USD	3 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$97.45K	USD	3 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	3 Qtrs
Gross profit	`GrossProfit`	$83.06K	USD	3 Qtrs
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$400.55K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$135.99K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$24.37K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$178.06K	USD	1 Quarter
Depreciation	`Depreciation`	$87.34K	USD	1 Quarter
Depreciation	`Depreciation`	$253.02K	USD	3 Qtrs
Depreciation	`Depreciation`	$253.82K	USD	3 Qtrs
Depreciation	`Depreciation`	$83.37K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$653.57K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$107.74K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$265.39K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$389.81K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-389.81K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-265.39K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-107.74K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-570.51K	USD	3 Qtrs
Interest expense	`InterestExpense`	$139.57K	USD	1 Quarter
Interest expense	`InterestExpense`	$402.68K	USD	3 Qtrs
Interest expense	`InterestExpense`	$428.34K	USD	3 Qtrs
Interest expense	`InterestExpense`	$142.28K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$324.43K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$324.55K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Total expenses	`NonoperatingIncomeExpense`	$184.98K	USD	1 Quarter
Total expenses	`NonoperatingIncomeExpense`	$-142.28K	USD	1 Quarter
Total expenses	`NonoperatingIncomeExpense`	$-428.34K	USD	3 Qtrs
Total expenses	`NonoperatingIncomeExpense`	$-78.25K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-80.42K	USD	1 Quarter
Net loss	`ProfitLoss`	$-818.15K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-250.02K	USD	1 Quarter
Net loss	`ProfitLoss`	$-648.76K	USD	3 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-173.83K	USD	3 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-16.43K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-60.04K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-208.14K	USD	3 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-63.98K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-474.94K	USD	3 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-189.98K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-610.01K	USD	3 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 loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	3 Qtrs
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	3 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	3 Qtrs
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	3 Qtrs
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-648.76K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-818.15K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-80.42K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-250.02K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-186.73K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$680.00	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-167.67K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-24.20K	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-650.48K	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-624.56K	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-81.10K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-63.29K	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$157.85K	USD	3 Qtrs
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.03K	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$166.57K	USD	3 Qtrs
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$16.58K	USD	1 Quarter
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-64.52K	USD	1 Quarter
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-492.64K	USD	3 Qtrs
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-457.99K	USD	3 Qtrs
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-59.26K	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-648.76K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-818.15K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-80.42K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-250.02K	USD	1 Quarter
Depreciation	`Depreciation`	$87.34K	USD	1 Quarter
Depreciation	`Depreciation`	$253.02K	USD	3 Qtrs
Depreciation	`Depreciation`	$253.82K	USD	3 Qtrs
Depreciation	`Depreciation`	$83.37K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$98.00	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$369.18K	USD	3 Qtrs
VAT receivable	`IncreaseDecreaseInReceivables`	$-70.46K	USD	3 Qtrs
VAT receivable	`IncreaseDecreaseInReceivables`	$-115.00	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.67K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-97.45K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	-	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.06K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.22K	USD	3 Qtrs
Accrued interest-related parties	`IncreaseDecreaseInAccruedLiabilities`	$422.05K	USD	3 Qtrs
Accrued interest-related parties	`IncreaseDecreaseInAccruedLiabilities`	$433.84K	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-162.60K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-138.70K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-336.17K	USD	3 Qtrs
Payments for construction in progress	`PaymentsToAcquirePropertyPlantAndEquipment`	$77.83K	USD	3 Qtrs
Payments for construction in progress	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-77.83K	USD	3 Qtrs
Net change in advance from related parties	`RepaymentsOfRelatedPartyDebt`	$55.45K	USD	3 Qtrs
Net change in advance from related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$149.13K	USD	3 Qtrs
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$467.99K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$412.54K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$149.13K	USD	3 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$40.00	USD	3 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$23.00	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.41K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.49K	USD	3 Qtrs
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$19.06K	USD	Point-in-time
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`	$18.61K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$19.06K	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`	$18.61K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Reclassification of construction in progress to fixed assets	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$105.28K	USD	3 Qtrs
Reclassification of construction in progress to fixed assets	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	-	USD	3 Qtrs

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