10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001214659-16-013129`
Period End Date	20160630
Filing Date	20160811
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	rbtk-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 60 Cash Flow Statement 38

Balance Sheet 46 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
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`	$23.71K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.32K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.65K	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, Issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$10.65K	USD	Point-in-time
Total assets	`Assets`	$4.32K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Total assets	`Assets`	$10.65K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$327.74K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$334.86K	USD	Point-in-time
Accrued interest-related parties	`AccruedLiabilitiesCurrent`	$2.35M	USD	Point-in-time
Accrued interest-related parties	`AccruedLiabilitiesCurrent`	$2.58M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$155.02K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$151.48K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$761.07K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$743.68K	USD	Point-in-time
Short-term debt-related parties	`ShortTermBorrowings`	$3.76M	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`	$7.57M	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	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$313.94K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$200.88K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.03M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-5.21M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-5.07M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.31M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.34M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.55M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.38M	USD	Point-in-time
Total liabilities and equity (deficit)	`LiabilitiesAndStockholdersEquity`	$4.32K	USD	Point-in-time
Total liabilities and equity (deficit)	`LiabilitiesAndStockholdersEquity`	$10.65K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$34.53K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$111.62K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$49.58K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$60.71K	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	1 Quarter
Depreciation	`Depreciation`	$170.45K	USD	2 Qtrs
Depreciation	`Depreciation`	$85.45K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$60.71K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$282.06K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$135.03K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$34.53K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-60.71K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-34.53K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-135.03K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-282.06K	USD	2 Qtrs
Interest expense	`InterestExpense`	$286.07K	USD	2 Qtrs
Interest expense	`InterestExpense`	$138.84K	USD	1 Quarter
Interest expense	`InterestExpense`	$144.11K	USD	1 Quarter
Interest expense	`InterestExpense`	$276.96K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-173.37K	USD	1 Quarter
Net loss	`ProfitLoss`	$-568.13K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-337.67K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-279.14K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-83.08K	USD	2 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-41.52K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-148.10K	USD	2 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-72.70K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-254.59K	USD	2 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-206.44K	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`	$-131.85K	USD	1 Quarter
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	2 Qtrs
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
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 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	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	2 Qtrs
Net loss	`NetIncomeLoss`	$-279.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-568.13K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-337.67K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-173.37K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$2.60K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$19.06K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-209.06K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-161.51K	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$35.69K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-281.74K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-587.19K	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-176.16K	USD	2 Qtrs
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$73.48K	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$34.63K	USD	2 Qtrs
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-21.19K	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$153.82K	USD	2 Qtrs
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-208.26K	USD	1 Quarter
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$14.49K	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`	$-141.53K	USD	2 Qtrs

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-279.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-568.13K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-337.67K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-173.37K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	-	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$170.45K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-98.00	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
VAT receivables	`IncreaseDecreaseInReceivables`	-	USD	2 Qtrs
VAT receivables	`IncreaseDecreaseInReceivables`	$-116.00	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.23K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.20K	USD	2 Qtrs
Accrued interest-related parties	`IncreaseDecreaseInAccruedLiabilities`	$291.56K	USD	2 Qtrs
Accrued interest-related parties	`IncreaseDecreaseInAccruedLiabilities`	$278.66K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-44.81K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-95.87K	USD	2 Qtrs
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$51.15K	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`	$51.15K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$111.38K	USD	2 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$17.00	USD	2 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-3.00	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.51K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.33K	USD	2 Qtrs
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`	$4.32K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$10.65K	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`	$4.32K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$10.65K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
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
Non-cash effects of foreign currency translation	`NoncashEffectsOfForeignCurrencyTranslation`	$161.51K	USD	2 Qtrs
Non-cash effects of foreign currency translation	`NoncashEffectsOfForeignCurrencyTranslation`	$-19.06K	USD	2 Qtrs

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