10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001214659-18-005525`
Period End Date	20180630
Filing Date	20180814
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	rbtk-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 64 Cash Flow Statement 38

Balance Sheet 48 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`	$16.61K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.49K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.67K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Other current asset	`OtherAssetsCurrent`	-	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Other current asset	`OtherAssetsCurrent`	$1.99K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.67K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.60K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$313.79K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$288.76K	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$3.48M	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$3.71M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$154.62K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$136.93K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$799.28K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$808.18K	USD	Point-in-time
Short-term debt	`OtherShortTermBorrowings`	-	USD	Point-in-time
Short-term debt	`OtherShortTermBorrowings`	$52.50K	USD	Point-in-time
Short-term debt-related parties	`ShortTermBorrowings`	$3.94M	USD	Point-in-time
Short-term debt-related parties	`ShortTermBorrowings`	$3.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.69M	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 income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$293.22K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$193.80K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.01M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-6.05M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-6.19M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.65M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.62M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.68M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.85M	USD	Point-in-time
Total liabilities and equity (deficit)	`LiabilitiesAndStockholdersEquity`	$7.67K	USD	Point-in-time
Total liabilities and equity (deficit)	`LiabilitiesAndStockholdersEquity`	$18.60K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$25.89K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$89.88K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$36.26K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$40.71K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$40.71K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$89.88K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$25.89K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$36.26K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-40.71K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-25.89K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-36.26K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-89.88K	USD	2 Qtrs
Other Income	`OtherIncome`	-	USD	1 Quarter
Other Income	`OtherIncome`	-	USD	2 Qtrs
Other Income	`OtherIncome`	$23.51K	USD	2 Qtrs
Other Income	`OtherIncome`	$23.51K	USD	1 Quarter
Interest expenses	`InterestExpense`	$293.07K	USD	2 Qtrs
Interest expenses	`InterestExpense`	$270.62K	USD	2 Qtrs
Interest expenses	`InterestExpense`	$136.45K	USD	1 Quarter
Interest expenses	`InterestExpense`	$145.45K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-121.94K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-136.45K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-269.56K	USD	2 Qtrs
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-270.62K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-172.71K	USD	1 Quarter
Net loss	`ProfitLoss`	$-360.50K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-147.83K	USD	1 Quarter
Net loss	`ProfitLoss`	$-310.27K	USD	2 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-39.57K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-32.06K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-78.80K	USD	2 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-72.01K	USD	2 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-115.78K	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`	$-133.14K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-238.26K	USD	2 Qtrs
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`	-	USD	1 Quarter
Basic and diluted loss per common share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	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	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
Net loss	`NetIncomeLoss`	$-147.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-360.50K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-310.27K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-172.71K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-431.78K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-142.02K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$173.83K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$119.26K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-168.25K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-534.34K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-291.97K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$283.95K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$97.48K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-75.35K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-29.40K	USD	2 Qtrs
Comprehensive income (loss) attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-130.95K	USD	2 Qtrs
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-403.38K	USD	2 Qtrs
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$186.47K	USD	1 Quarter
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-138.85K	USD	2 Qtrs
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-216.62K	USD	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-147.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-360.50K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-310.27K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-172.71K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$2.00K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-20.76K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.91K	USD	2 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$291.53K	USD	2 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$270.62K	USD	2 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-15.67K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-75.97K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-57.17K	USD	2 Qtrs
Net change in advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$17.44K	USD	2 Qtrs
Net change in advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$23.10K	USD	2 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromLinesOfCredit`	$52.50K	USD	2 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromLinesOfCredit`	$65.09K	USD	2 Qtrs
Repayment of borrowings on short-term debt- related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of borrowings on short-term debt- related parties	`RepaymentsOfRelatedPartyDebt`	$9.53K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$82.53K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$66.06K	USD	2 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-51.00	USD	2 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-14.00	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.57K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.95K	USD	2 Qtrs
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$16.61K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$13.49K	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`	$7.67K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$16.61K	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`	$6.92K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.67K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	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.