10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001214659-17-003340`
Period End Date	20170331
Filing Date	20170515
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	rbtk-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 30 Cash Flow Statement 28

Balance Sheet 45 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.77K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.92K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.32K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.77K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.92K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Total assets	`Assets`	$33.77K	USD	Point-in-time
Total assets	`Assets`	$6.92K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$326.56K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$305.80K	USD	Point-in-time
Accrued interest - related parties	`AccruedLiabilitiesCurrent`	$2.89M	USD	Point-in-time
Accrued interest - related parties	`AccruedLiabilitiesCurrent`	$2.74M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$144.93K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$146.06K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$749.22K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$763.80K	USD	Point-in-time
Short-term debt-related parties	`ShortTermBorrowings`	$3.72M	USD	Point-in-time
Short-term debt-related parties	`ShortTermBorrowings`	$3.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.85M	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	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$5.43K	USD	Point-in-time
Subscriptions receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$5.43K	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$486.60K	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$524.80K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.53M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.68M	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`	$-5.43M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.39M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.33M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.57M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.81M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$33.77K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$6.92K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$53.62K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$26.18K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$26.18K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$53.62K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-53.62K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-26.18K	USD	1 Quarter
Interest expense	`InterestExpense`	$138.12K	USD	1 Quarter
Interest expense	`InterestExpense`	$134.17K	USD	1 Quarter
Total other expenses	`OtherNonoperatingExpense`	$138.12K	USD	1 Quarter
Total other expenses	`OtherNonoperatingExpense`	$134.17K	USD	1 Quarter
Net loss	`ProfitLoss`	$-164.30K	USD	1 Quarter
Net loss	`ProfitLoss`	$-187.79K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-41.56K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-39.23K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-148.56K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-122.74K	USD	1 Quarter
Basic and diluted loss per common share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted loss per common share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-187.79K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-164.30K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$47.55K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$54.58K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-211.85K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-242.37K	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$55.60K	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$55.83K	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`	$-186.76K	USD	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-187.79K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-164.30K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$18.58K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.34K	USD	1 Quarter
Accrued interest-related parties	`IncreaseDecreaseInAccruedLiabilities`	$139.82K	USD	1 Quarter
Accrued interest-related parties	`IncreaseDecreaseInAccruedLiabilities`	$134.17K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.14K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-35.05K	USD	1 Quarter
Advance from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Advance from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$8.71K	USD	1 Quarter
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$53.19K	USD	1 Quarter
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$35.57K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$61.90K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$35.57K	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$2.00	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-4.00	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$26.85K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.43K	USD	1 Quarter
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$33.77K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.92K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.32K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$33.77K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.92K	USD	Point-in-time
Cash and cash equivalents - end of the period	`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 tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for income tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter

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