10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001214659-16-014408`
Period End Date	20160930
Filing Date	20161107
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	rbtk-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 60 Cash Flow Statement 36

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.06K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.61K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.20K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.06K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.32K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Total assets	`Assets`	$26.06K	USD	Point-in-time
Total assets	`Assets`	$4.32K	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	63.97M	shares	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
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$340.67K	USD	Point-in-time
Accrued interest-related parties	`AccruedLiabilitiesCurrent`	$2.71M	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`	$150.89K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$740.80K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$761.07K	USD	Point-in-time
Short-term debt-related parties	`ShortTermBorrowings`	$3.78M	USD	Point-in-time
Short-term debt-related parties	`ShortTermBorrowings`	$3.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.38M	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 loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$200.88K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$329.40K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.40M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-5.31M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-5.07M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.38M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.31M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.69M	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`	$26.06K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$20.59K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$81.31K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$24.37K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$135.99K	USD	3 Qtrs
Depreciation	`Depreciation`	$83.37K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	3 Qtrs
Depreciation	`Depreciation`	-	USD	1 Quarter
Depreciation	`Depreciation`	$253.82K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$81.31K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$389.81K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$20.59K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$107.74K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-389.81K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-81.31K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-107.74K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-20.59K	USD	1 Quarter
Interest expenses	`InterestExpense`	$409.43K	USD	3 Qtrs
Interest expenses	`InterestExpense`	$132.47K	USD	1 Quarter
Interest expenses	`InterestExpense`	$428.34K	USD	3 Qtrs
Interest expenses	`InterestExpense`	$142.28K	USD	1 Quarter
Net loss	`ProfitLoss`	$-250.02K	USD	1 Quarter
Net loss	`ProfitLoss`	$-153.07K	USD	1 Quarter
Net loss	`ProfitLoss`	$-818.15K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-490.74K	USD	3 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-208.14K	USD	3 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-122.35K	USD	3 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-60.04K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-39.26K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-368.39K	USD	3 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-113.81K	USD	1 Quarter
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`	$-0.01	USD	3 Qtrs
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	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 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
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
Net loss	`NetIncomeLoss`	$-490.74K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-818.15K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-250.02K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-153.07K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-167.67K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-183.59K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-22.09K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-186.73K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-63.29K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-307.14K	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-650.48K	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-130.98K	USD	1 Quarter
Comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$32.63K	USD	1 Quarter
Comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.03K	USD	1 Quarter
Comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$67.27K	USD	3 Qtrs
Comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$157.85K	USD	3 Qtrs
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-492.64K	USD	3 Qtrs
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-59.26K	USD	1 Quarter
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-239.88K	USD	3 Qtrs
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-98.34K	USD	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-490.74K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-818.15K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-250.02K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-153.07K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$253.82K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$98.00	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
VAT receivables	`IncreaseDecreaseInReceivables`	-	USD	3 Qtrs
VAT receivables	`IncreaseDecreaseInReceivables`	$-115.00	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.22K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$20.84K	USD	3 Qtrs
Accrued interest-related parties	`IncreaseDecreaseInAccruedLiabilities`	$411.14K	USD	3 Qtrs
Accrued interest-related parties	`IncreaseDecreaseInAccruedLiabilities`	$433.84K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-138.70K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-58.76K	USD	3 Qtrs
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$80.52K	USD	3 Qtrs
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$149.13K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$149.13K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$80.52K	USD	3 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$16.00	USD	3 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$23.00	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.74K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.41K	USD	3 Qtrs
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$26.06K	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`	$18.61K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$8.20K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$26.06K	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`	$18.61K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$8.20K	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

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