10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001214659-19-005356`
Period End Date	20190630
Filing Date	20190816
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	rbtk-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 66 Cash Flow Statement 40 Stockholders Equity 22

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Common stock, authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.93K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	63.97M	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`	$7.67K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.67K	USD	Point-in-time
Other receivables	`OtherAssetsCurrent`	$881.00	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Other receivables	`OtherAssetsCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.81K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$22.67K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$604.40K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$643.39K	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$3.57M	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$3.82M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$131.82K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$132.01K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$777.94K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$778.96K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$72.50K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$136.00K	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.75M	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.26M	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`	$504.40K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$498.57K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.78M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-6.51M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-6.25M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.65M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.73M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.87M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.68M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.26M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.24M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.13M	USD	Point-in-time
Total liabilities and Stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$22.67K	USD	Point-in-time
Total liabilities and Stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$6.81K	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$25.89K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$51.24K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$40.71K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$26.43K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$26.43K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$51.24K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$25.89K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$40.71K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-25.89K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-26.43K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-40.71K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-51.24K	USD	2 Qtrs
Interest expenses	`InterestExpense`	$293.07K	USD	2 Qtrs
Interest expenses	`InterestExpense`	$145.45K	USD	1 Quarter
Interest expenses	`InterestExpense`	$139.85K	USD	1 Quarter
Interest expenses	`InterestExpense`	$281.18K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	-	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$23.51K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$23.51K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total expenses	`NonoperatingIncomeExpense`	$-166.28K	USD	1 Quarter
Total expenses	`NonoperatingIncomeExpense`	$-310.27K	USD	2 Qtrs
Total expenses	`NonoperatingIncomeExpense`	$-147.83K	USD	1 Quarter
Total expenses	`NonoperatingIncomeExpense`	$-332.42K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-310.27K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-147.83K	USD	1 Quarter
Net loss	`ProfitLoss`	$-332.42K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-166.28K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-36.77K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-72.01K	USD	2 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-32.06K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-74.13K	USD	2 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-129.51K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-115.78K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-258.29K	USD	2 Qtrs
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`	$-0.01	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	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	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
Net loss	`NetIncomeLoss`	$-147.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-157.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-310.27K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-332.42K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-166.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-166.28K	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`	$8.34K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-190.60K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-168.25K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$24.32K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-340.76K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$283.95K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-76.63K	USD	2 Qtrs
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$20.41K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$97.48K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-29.40K	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`	$3.91K	USD	1 Quarter
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-264.13K	USD	2 Qtrs

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-147.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-157.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-310.27K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-332.42K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-166.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-166.28K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$2.00K	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-20.76K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$40.90K	USD	2 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$291.53K	USD	2 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$248.30K	USD	2 Qtrs
Deferred revenue	`DeferredRevenue1`	$-15.67K	USD	2 Qtrs
Deferred revenue	`DeferredRevenue1`	$182.00	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-57.17K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-43.04K	USD	2 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$63.50K	USD	2 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$52.50K	USD	2 Qtrs
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$4.62K	USD	2 Qtrs
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$23.10K	USD	2 Qtrs
Repayment of borrowings on short-term debt - related parties	`RepaymentsOfShortTermDebt`	$9.53K	USD	2 Qtrs
Repayment of borrowings on short-term debt - related parties	`RepaymentsOfShortTermDebt`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$66.06K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$68.12K	USD	2 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-51.00	USD	2 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$8.34K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.95K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$16.74K	USD	2 Qtrs
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.93K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$16.61K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.67K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$22.67K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.93K	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`	$7.67K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$22.67K	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	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income tax	`IncomeTaxesPaid`	-	USD	2 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.87M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.68M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.26M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.24M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.13M	USD	Point-in-time
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-190.60K	USD	1 Quarter
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-290.23K	USD	1 Quarter
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-198.94K	USD	1 Quarter
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$432.13K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-147.83K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-157.98K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-310.27K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-332.42K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-166.14K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-166.28K	USD	1 Quarter
Balance at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.87M	USD	Point-in-time
Balance at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Balance at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.68M	USD	Point-in-time
Balance at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.26M	USD	Point-in-time
Balance at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.24M	USD	Point-in-time
Balance at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.13M	USD	Point-in-time

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