10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001214659-18-007228`
Period End Date	20180930
Filing Date	20181119
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	rbtk-20180930.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
Common stock, issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.73K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.56K	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
Other current asset	`OtherAssetsCurrent`	-	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Other current asset	`OtherAssetsCurrent`	$37.82K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.67K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$61.38K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$584.61K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$313.79K	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`	$3.46M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$132.01K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$154.62K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$799.28K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$779.03K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	-	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$72.50K	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.94M	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.78M	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 gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$491.96K	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$193.80K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.01M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-6.11M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-6.05M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.62M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.60M	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.68M	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.71M	USD	Point-in-time
Total liabilities and shareholders'' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$61.38K	USD	Point-in-time
Total liabilities and shareholders'' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$7.67K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$64.83K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$105.54K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$19.56K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$109.44K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$64.83K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$19.56K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$105.54K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$109.44K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-105.54K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-109.44K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-64.83K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-19.56K	USD	1 Quarter
Other Income	`OtherIncome`	$22.62K	USD	3 Qtrs
Other Income	`OtherIncome`	$-890.00	USD	1 Quarter
Other Income	`OtherIncome`	-	USD	1 Quarter
Other Income	`OtherIncome`	-	USD	3 Qtrs
Interest expenses	`InterestExpense`	$85.61K	USD	1 Quarter
Interest expenses	`InterestExpense`	$378.68K	USD	3 Qtrs
Interest expenses	`InterestExpense`	$142.76K	USD	1 Quarter
Interest expenses	`InterestExpense`	$413.38K	USD	3 Qtrs
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-142.76K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-356.06K	USD	3 Qtrs
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-86.50K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-413.38K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-522.82K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-461.60K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-151.33K	USD	1 Quarter
Net loss	`ProfitLoss`	$-162.32K	USD	1 Quarter
Gain / (Loss)attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-107.25K	USD	3 Qtrs
Gain / (Loss)attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-120.30K	USD	3 Qtrs
Gain / (Loss)attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-41.50K	USD	1 Quarter
Gain / (Loss)attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-35.24K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-402.52K	USD	3 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-116.09K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-354.35K	USD	3 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-120.82K	USD	1 Quarter
Basic and diluted loss per common share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Basic and diluted loss per common share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	3 Qtrs
Basic and diluted loss per common share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Basic and diluted loss per common share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	3 Qtrs
Basic and diluted weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	3 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	3 Qtrs
Net loss	`NetIncomeLoss`	$-461.60K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-151.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-162.32K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-522.82K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-283.98K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$137.51K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-426.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$311.35K	USD	3 Qtrs
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$132.65K	USD	1 Quarter
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-35.60K	USD	3 Qtrs
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-299.83K	USD	1 Quarter
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-834.17K	USD	3 Qtrs
Comprehensive gain (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$49.99K	USD	1 Quarter
Comprehensive gain (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-82.75K	USD	1 Quarter
Comprehensive gain (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-213.70K	USD	3 Qtrs
Comprehensive gain (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$20.59K	USD	3 Qtrs
Comprehensive gain (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-620.47K	USD	3 Qtrs
Comprehensive gain (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-217.08K	USD	1 Quarter
Comprehensive gain (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$82.66K	USD	1 Quarter
Comprehensive gain (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-56.19K	USD	3 Qtrs

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-461.60K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-151.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-162.32K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-522.82K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$16.55K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.02K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.75K	USD	3 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$413.38K	USD	3 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$425.39K	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-15.08K	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-69.59K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-95.42K	USD	3 Qtrs
Net change in advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$26.65K	USD	3 Qtrs
Net change in advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$22.20K	USD	3 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromLinesOfCredit`	$81.59K	USD	3 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromLinesOfCredit`	$72.50K	USD	3 Qtrs
Repayment of borrowings on short-term debt- related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Repayment of borrowings on short-term debt- related parties	`RepaymentsOfRelatedPartyDebt`	$9.18K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$108.24K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$85.52K	USD	3 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$38.00	USD	3 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$5.00	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.89K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$12.81K	USD	3 Qtrs
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$19.73K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$23.56K	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`	$19.73K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$23.56K	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	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	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.