10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001214659-16-011599`
Period End Date	20160331
Filing Date	20160516
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	rbtk-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 32 Cash Flow Statement 34

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$190.64K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$201.19K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.20K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.15K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.75K	USD	Point-in-time
Allowance VAT receivable	`AllowanceVatReceivable`	$174.90K	USD	Point-in-time
Allowance VAT receivable	`AllowanceVatReceivable`	$166.74K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.32K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance of $190,639 and $201,191, respectively	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance of $190,639 and $201,191, respectively	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
VAT receivable, net of allowance of $166,735 and $174,896, respectively	`ReceivablesNetCurrent`	-	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
VAT receivable, net of allowance of $166,735 and $174,896, respectively	`ReceivablesNetCurrent`	-	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$17.75K	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.32K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation and impairment	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation and impairment	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Total assets	`Assets`	$17.75K	USD	Point-in-time
Total assets	`Assets`	$4.32K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$332.18K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$327.74K	USD	Point-in-time
Accrued interest - related parties	`AccruedLiabilitiesCurrent`	$2.35M	USD	Point-in-time
Accrued interest - related parties	`AccruedLiabilitiesCurrent`	$2.51M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$156.05K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$155.02K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$766.11K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$761.07K	USD	Point-in-time
Short-term debt-related parties	`ShortTermBorrowings`	$3.84M	USD	Point-in-time
Short-term debt-related parties	`ShortTermBorrowings`	$3.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.61M	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	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$167.59K	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$200.88K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.16M	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`	$-5.23M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.36M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.31M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.38M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.59M	USD	Point-in-time
Total liabilities and equity (deficit)	`LiabilitiesAndStockholdersEquity`	$4.32K	USD	Point-in-time
Total liabilities and equity (deficit)	`LiabilitiesAndStockholdersEquity`	$17.75K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$62.03K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$26.18K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Depreciation	`Depreciation`	$85.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$147.03K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$26.18K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-26.18K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-147.03K	USD	1 Quarter
Interest expense	`InterestExpense`	$141.95K	USD	1 Quarter
Interest expense	`InterestExpense`	$138.12K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-138.12K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-141.95K	USD	1 Quarter
Net loss	`ProfitLoss`	$-288.99K	USD	1 Quarter
Net loss	`ProfitLoss`	$-164.30K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-41.56K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-75.40K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-122.74K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-213.59K	USD	1 Quarter
Basic and diluted net loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted net loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
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`	$-164.30K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-288.99K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$47.55K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$16.46K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-211.85K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-305.45K	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$55.83K	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$80.34K	USD	1 Quarter
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-156.03K	USD	1 Quarter
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-225.11K	USD	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-164.30K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-288.99K	USD	1 Quarter
Depreciation expense	`DepreciationDepletionAndAmortization`	-	USD	1 Quarter
Depreciation expense	`DepreciationDepletionAndAmortization`	$85.00K	USD	1 Quarter
VAT receivables	`IncreaseDecreaseInReceivables`	-	USD	1 Quarter
VAT receivables	`IncreaseDecreaseInReceivables`	$729.00	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.34K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.38K	USD	1 Quarter
Accrued interest-related parties	`IncreaseDecreaseInAccruedLiabilities`	$139.82K	USD	1 Quarter
Accrued interest-related parties	`IncreaseDecreaseInAccruedLiabilities`	$147.45K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.14K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-50.89K	USD	1 Quarter
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$35.57K	USD	1 Quarter
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$56.84K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$56.84K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$35.57K	USD	1 Quarter
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$2.00	USD	1 Quarter
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$-3.00	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.95K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.43K	USD	1 Quarter
Cash and cash equivalents - beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$8.20K	USD	Point-in-time
Cash and cash equivalents - beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$14.15K	USD	Point-in-time
Cash and cash equivalents - beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$17.75K	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`	$8.20K	USD	Point-in-time
Cash and cash equivalents - end of the year	`CashAndCashEquivalentsAtCarryingValue`	$14.15K	USD	Point-in-time
Cash and cash equivalents - end of the year	`CashAndCashEquivalentsAtCarryingValue`	$17.75K	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	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Reclassification of construction in progress to fixed assets	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$22.47K	USD	1 Quarter
Reclassification of construction in progress to fixed assets	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	-	USD	1 Quarter

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