10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001214659-17-005159`
Period End Date	20170630
Filing Date	20170816
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	rbtk-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 56 Cash Flow Statement 32

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.49K	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
Common stock, issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.92K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.32K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.92K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.49K	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`	$6.92K	USD	Point-in-time
Total assets	`Assets`	$13.49K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$305.80K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$326.51K	USD	Point-in-time
Accrued interest-related parties	`AccruedLiabilitiesCurrent`	$2.74M	USD	Point-in-time
Accrued interest-related parties	`AccruedLiabilitiesCurrent`	$3.07M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$148.48K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$144.93K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$785.24K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$749.22K	USD	Point-in-time
Short-term debt-related parties	`ShortTermBorrowings`	$3.79M	USD	Point-in-time
Short-term debt-related parties	`ShortTermBorrowings`	$3.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.12M	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`	$403.12K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$524.80K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.53M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-5.65M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-5.24M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.46M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.33M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.57M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.11M	USD	Point-in-time
Total liabilities and equity (deficit)	`LiabilitiesAndStockholdersEquity`	$6.92K	USD	Point-in-time
Total liabilities and equity (deficit)	`LiabilitiesAndStockholdersEquity`	$13.49K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$60.71K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$34.53K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$89.88K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$36.26K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$60.71K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$34.53K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$36.26K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$89.88K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-36.26K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-60.71K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-89.88K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-34.53K	USD	1 Quarter
Interest expenses	`InterestExpense`	$270.62K	USD	2 Qtrs
Interest expenses	`InterestExpense`	$276.96K	USD	2 Qtrs
Interest expenses	`InterestExpense`	$136.45K	USD	1 Quarter
Interest expenses	`InterestExpense`	$138.84K	USD	1 Quarter
Net loss	`ProfitLoss`	$-360.50K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-172.71K	USD	1 Quarter
Net loss	`ProfitLoss`	$-337.67K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-173.37K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-83.08K	USD	2 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-78.80K	USD	2 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-39.57K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-41.52K	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`	$-133.14K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-281.70K	USD	2 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-131.85K	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 loss per common share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	2 Qtrs
Basic and diluted loss per common share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	2 Qtrs
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	2 Qtrs
Basic and diluted weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	2 Qtrs
Basic and diluted weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-172.71K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-360.50K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-173.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-337.67K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-209.06K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$119.26K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-161.51K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$173.83K	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$35.69K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-534.34K	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-291.97K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-176.16K	USD	2 Qtrs
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$130.95K	USD	2 Qtrs
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-21.19K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$34.63K	USD	2 Qtrs
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$75.35K	USD	1 Quarter
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$14.49K	USD	1 Quarter
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-216.62K	USD	1 Quarter
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-403.38K	USD	2 Qtrs
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-141.53K	USD	2 Qtrs

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-172.71K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-360.50K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-173.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-337.67K	USD	2 Qtrs
Accounts payables and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.91K	USD	2 Qtrs
Accounts payables and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.20K	USD	2 Qtrs
Accrued interest-related parties	`IncreaseDecreaseInAccruedLiabilities`	$270.62K	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`	$-75.97K	USD	2 Qtrs
Net change in advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Net change in advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$17.44K	USD	2 Qtrs
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$65.09K	USD	2 Qtrs
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$51.15K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$51.15K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$82.53K	USD	2 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$17.00	USD	2 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-14.00	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.33K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.57K	USD	2 Qtrs
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$13.49K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$10.65K	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`	$13.49K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$10.65K	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	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

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