10-K Filing

ZHEN DING RESOURCES INC. CIK: 1594204 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001214659-17-002261`
Period End Date	20161231
Filing Date	20170331
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	rbtk-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 33 Cash Flow Statement 40 Stockholders Equity 10

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.20K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.32K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.92K	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
Total current assets	`AssetsCurrent`	$6.92K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Total assets	`Assets`	$6.92K	USD	Point-in-time
Total assets	`Assets`	$4.32K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$327.74K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$305.80K	USD	Point-in-time
Accrued interest-related parties	`AccruedLiabilitiesCurrent`	$2.74M	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`	$144.93K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$749.22K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$761.07K	USD	Point-in-time
Short-term debt-related parties	`ShortTermBorrowings`	$3.64M	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`	$7.58M	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	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$5.43K	USD	Point-in-time
Subscriptions receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$5.43K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$524.80K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$200.88K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.53M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-5.24M	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`	$-2.33M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.60M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.57M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.38M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$6.92K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$4.32K	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$115.37K	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`	$333.79K	USD	Annual
Depreciation	`Depreciation`	-	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.60M	USD	Annual
Total operating expenses	`OperatingExpenses`	$115.37K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-115.37K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-2.60M	USD	Annual
Interest expenses	`InterestExpense`	$540.23K	USD	Annual
Interest expenses	`InterestExpense`	$579.80K	USD	Annual
Other expense	`OtherNonoperatingExpense`	$899.00	USD	Annual
Net loss	`ProfitLoss`	$-3.18M	USD	Annual
Net loss	`ProfitLoss`	$-656.50K	USD	Annual
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-907.30K	USD	Annual
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-160.89K	USD	Annual
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-495.61K	USD	Annual
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.27M	USD	Annual
Basic and diluted net loss per common share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	Annual
Basic and diluted net loss per common share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	Annual
Basic and diluted weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	Annual
Basic and diluted weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	Annual
Net loss	`NetIncomeLoss`	$-3.18M	USD	Annual
Net loss	`NetIncomeLoss`	$-656.50K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-400.60K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-462.74K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-193.76K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.78M	USD	Annual
Comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$787.12K	USD	Annual
Comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$22.07K	USD	Annual
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.99M	USD	Annual
Comprehensive loss attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-171.69K	USD	Annual

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.18M	USD	Annual
Net loss	`NetIncomeLoss`	$-656.50K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$100.79K	USD	Annual
VAT receivables write-down	`FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown`	$175.96K	USD	Annual
VAT receivables write-down	`FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown`	-	USD	Annual
Depreciation expense	`Depreciation`	$333.79K	USD	Annual
Depreciation expense	`Depreciation`	-	USD	Annual
Impairment of long-lived assets	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Impairment of long-lived assets	`GoodwillAndIntangibleAssetImpairment`	$1.78M	USD	Annual
VAT receivables	`IncreaseDecreaseInReceivables`	-	USD	Annual
VAT receivables	`IncreaseDecreaseInReceivables`	$-118.00	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.71K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.61K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.56K	USD	Annual
Accrued interest-related parties	`IncreaseDecreaseInAccruedLiabilities`	$595.77K	USD	Annual
Accrued interest-related parties	`IncreaseDecreaseInAccruedLiabilities`	$541.93K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-117.18K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-190.02K	USD	Annual
Net change in advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$38.75K	USD	Annual
Net change in advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$36.65K	USD	Annual
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$81.07K	USD	Annual
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$149.52K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$186.17K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$119.82K	USD	Annual
Effect of foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$25.00	USD	Annual
Effect of foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$40.00	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.60K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.88K	USD	Annual
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$8.20K	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`	$6.92K	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`	$4.32K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.92K	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

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balances at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.60M	USD	Point-in-time
Balances at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.57M	USD	Point-in-time
Balances at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.38M	USD	Point-in-time
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$400.60K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$462.74K	USD	Annual
Net loss	`NetIncomeLoss`	$-3.18M	USD	Annual
Net loss	`NetIncomeLoss`	$-656.50K	USD	Annual
Balances at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.60M	USD	Point-in-time
Balances at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.57M	USD	Point-in-time
Balances at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.38M	USD	Point-in-time

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