10-K Filing

ZHEN DING RESOURCES INC. CIK: 1594204 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001214659-16-010868`
Period End Date	20151231
Filing Date	20160414
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	rbtk-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 42 Cash Flow Statement 50 Stockholders Equity 10

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
Common stock, Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.20K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.32K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$100.11K	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
VAT receivables	`ReceivablesNetCurrent`	-	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`	-	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`	$4.32K	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`	-	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	-	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$174.32K	USD	Point-in-time
Total assets	`Assets`	$2.39M	USD	Point-in-time
Total assets	`Assets`	$4.32K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$349.95K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$327.74K	USD	Point-in-time
Accrued interest - related parties	`AccruedLiabilitiesCurrent`	$1.89M	USD	Point-in-time
Accrued interest - related parties	`AccruedLiabilitiesCurrent`	$2.35M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$155.02K	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`	$761.07K	USD	Point-in-time
Short-term debt - related parties	`ShortTermBorrowings`	$3.83M	USD	Point-in-time
Short-term debt - related parties	`ShortTermBorrowings`	$3.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.38M	USD	Point-in-time
Common stock, 150,000,000 shares authorized, $0.0001 par value, 63,968,798 shares issued and outstanding	`CommonStockValue`	$6.40K	USD	Point-in-time
Common stock, 150,000,000 shares 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 gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$200.88K	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-79.54K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.76M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-5.07M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-3.08M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.31M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-1.52M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.38M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.43M	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`	$4.32K	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$648.55K	USD	Annual
Revenues	`SalesRevenueNet`	-	USD	Annual
Cost of revenues	`CostOfGoodsAndServicesSold`	-	USD	Annual
Cost of revenues	`CostOfGoodsAndServicesSold`	$471.83K	USD	Annual
Gross profit	`GrossProfit`	$176.72K	USD	Annual
Gross profit	`GrossProfit`	-	USD	Annual
General and administrative	`SellingGeneralAndAdministrativeExpense`	$565.29K	USD	Annual
General and administrative	`SellingGeneralAndAdministrativeExpense`	$484.00K	USD	Annual
Impairment of long-lived assets	`GoodwillImpairmentLoss`	-	USD	Annual
Impairment of long-lived assets	`GoodwillImpairmentLoss`	$1.78M	USD	Annual
Depreciation	`Depreciation`	$257.78K	USD	Annual
Depreciation	`Depreciation`	$335.79K	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.60M	USD	Annual
Total operating expenses	`OperatingExpenses`	$823.07K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-646.35K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-2.60M	USD	Annual
Interest expense	`InterestExpense`	$545.84K	USD	Annual
Interest expense	`InterestExpense`	$579.80K	USD	Annual
Other expenses	`OtherNonoperatingIncome`	-	USD	Annual
Other expenses	`OtherNonoperatingIncome`	$-253.00	USD	Annual
Total other expenses	`NonoperatingIncomeExpense`	$-546.09K	USD	Annual
Total other expenses	`NonoperatingIncomeExpense`	$-579.80K	USD	Annual
Net loss	`ProfitLoss`	$-1.19M	USD	Annual
Net loss	`ProfitLoss`	$-3.18M	USD	Annual
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-907.30K	USD	Annual
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-324.74K	USD	Annual
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-867.71K	USD	Annual
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.27M	USD	Annual
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	Annual
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	Annual
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	Annual
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	Annual
Net loss	`NetIncomeLoss`	$-3.18M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.19M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-400.60K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-22.66K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.17M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.78M	USD	Annual
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$787.12K	USD	Annual
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$317.94K	USD	Annual
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-851.85K	USD	Annual
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.99M	USD	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.18M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.19M	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$100.79K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$100.04K	USD	Annual
VAT receivables write-down	`FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown`	$175.96K	USD	Annual
VAT receivables write-down	`FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown`	-	USD	Annual
Inventory write-down	`InventoryWriteDown`	-	USD	Annual
Inventory write-down	`InventoryWriteDown`	$226.09K	USD	Annual
Depreciation expense	`DepreciationDepletionAndAmortization`	$340.46K	USD	Annual
Depreciation expense	`DepreciationDepletionAndAmortization`	$335.79K	USD	Annual
Impairment of long-lived assets	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Impairment of long-lived assets	`GoodwillAndIntangibleAssetImpairment`	$1.78M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$197.53K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
VAT receivables	`IncreaseDecreaseInReceivables`	$-52.75K	USD	Annual
VAT receivables	`IncreaseDecreaseInReceivables`	$-118.00	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	-	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$128.58K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.67K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.71K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.56K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-75.97K	USD	Annual
Accrued interest-related parties	`IncreaseDecreaseInAccruedLiabilities`	$564.80K	USD	Annual
Accrued interest-related parties	`IncreaseDecreaseInAccruedLiabilities`	$595.77K	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-162.70K	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-190.02K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-479.76K	USD	Annual
Net change in advances from related parties	`RepaymentsOfRelatedPartyDebt`	$-88.39K	USD	Annual
Net change in advances from related parties	`RepaymentsOfRelatedPartyDebt`	$-36.65K	USD	Annual
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$149.52K	USD	Annual
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$379.06K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$467.45K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$186.17K	USD	Annual
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$42.00	USD	Annual
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$25.00	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.88K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.36K	USD	Annual
Cash and cash equivalents - beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$20.55K	USD	Point-in-time
Cash and cash equivalents - beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$8.20K	USD	Point-in-time
Cash and cash equivalents - beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$4.32K	USD	Point-in-time
Cash and cash equivalents - end of the year	`CashAndCashEquivalentsAtCarryingValue`	$20.55K	USD	Point-in-time
Cash and cash equivalents - end of the year	`CashAndCashEquivalentsAtCarryingValue`	$8.20K	USD	Point-in-time
Cash and cash equivalents - end of the year	`CashAndCashEquivalentsAtCarryingValue`	$4.32K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for income tax	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for income tax	`IncomeTaxesPaidNet`	-	USD	Annual
Reclassification of construction in progress to fixed assets	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	-	USD	Annual
Reclassification of construction in progress to fixed assets	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$27.47K	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.38M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.43M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.60M	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$400.60K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$22.66K	USD	Annual
Net loss	`NetIncomeLoss`	$-3.18M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.19M	USD	Annual
Ending Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.38M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.43M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.60M	USD	Point-in-time

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