10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001214659-19-007216`
Period End Date	20190930
Filing Date	20191114
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	rbtk-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 68 Cash Flow Statement 44 Stockholders Equity 30

Balance Sheet 54 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`	$6.09K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.67K	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`	$23.56K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.93K	USD	Point-in-time
Other receivables	`OtherAssetsCurrent`	-	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Other receivables	`OtherAssetsCurrent`	$881.00	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.81K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.09K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$650.45K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$604.40K	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`	$3.79M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$126.93K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$131.82K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$777.94K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$749.08K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$136.00K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$72.50K	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.75M	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.08M	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`	$720.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.52M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-6.41M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-6.25M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.67M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.65M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.24M	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`	$-9.13M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.07M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.42M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.87M	USD	Point-in-time
Total liabilities and Stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$6.81K	USD	Point-in-time
Total liabilities and Stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$6.09K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$68.33K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$58.57K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$18.04K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$17.09K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$58.57K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$17.09K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$68.33K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$18.04K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-17.09K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-18.04K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-68.33K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-58.57K	USD	3 Qtrs
Interest expenses	`InterestExpense`	$425.66K	USD	3 Qtrs
Interest expenses	`InterestExpense`	$133.66K	USD	1 Quarter
Interest expenses	`InterestExpense`	$132.40K	USD	1 Quarter
Interest expenses	`InterestExpense`	$414.84K	USD	3 Qtrs
Other (income) Expense	`OtherNonoperatingIncomeExpense`	$67.00	USD	3 Qtrs
Other (income) Expense	`OtherNonoperatingIncomeExpense`	$22.62K	USD	3 Qtrs
Other (income) Expense	`OtherNonoperatingIncomeExpense`	$67.00	USD	1 Quarter
Other (income) Expense	`OtherNonoperatingIncomeExpense`	$-890.00	USD	1 Quarter
Total expenses	`NonoperatingIncomeExpense`	$-151.33K	USD	1 Quarter
Total expenses	`NonoperatingIncomeExpense`	$-483.10K	USD	3 Qtrs
Total expenses	`NonoperatingIncomeExpense`	$-150.68K	USD	1 Quarter
Total expenses	`NonoperatingIncomeExpense`	$-461.60K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-150.68K	USD	1 Quarter
Net loss	`ProfitLoss`	$-461.60K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-151.33K	USD	1 Quarter
Net loss	`ProfitLoss`	$-483.10K	USD	3 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-34.75K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-108.88K	USD	3 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-35.24K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-107.25K	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`	$-374.22K	USD	3 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-354.35K	USD	3 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-115.93K	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`	$-0.01	USD	3 Qtrs
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	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
Net loss	`NetIncomeLoss`	$-157.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-175.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-166.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-166.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-483.10K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-461.60K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-151.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-150.68K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-283.98K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-426.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$308.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$299.66K	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-35.60K	USD	3 Qtrs
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-450.34K	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-791.10K	USD	3 Qtrs
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$132.65K	USD	1 Quarter
Comprehensive (loss) income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-16.48K	USD	3 Qtrs
Comprehensive (loss) income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$20.59K	USD	3 Qtrs
Comprehensive (loss) income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$60.15K	USD	1 Quarter
Comprehensive (loss) income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$49.99K	USD	1 Quarter
Comprehensive (loss) income attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$82.66K	USD	1 Quarter
Comprehensive (loss) income attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-510.49K	USD	1 Quarter
Comprehensive (loss) income attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-56.19K	USD	3 Qtrs
Comprehensive (loss) income attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-774.62K	USD	3 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-157.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-175.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-166.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-166.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-483.10K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-461.60K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-151.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-150.68K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$16.55K	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-881.00	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$46.05K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.75K	USD	3 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$425.39K	USD	3 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$218.37K	USD	3 Qtrs
Deferred revenue	`DeferredRevenue1`	$-15.08K	USD	3 Qtrs
Deferred revenue	`DeferredRevenue1`	$-4.89K	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	-	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-28.86K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-251.56K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-69.59K	USD	3 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$72.50K	USD	3 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$63.50K	USD	3 Qtrs
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$22.20K	USD	3 Qtrs
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$-119.78K	USD	3 Qtrs
Repayment of borrowings on short-term debt - related parties	`RepaymentsOfShortTermDebt`	-	USD	3 Qtrs
Repayment of borrowings on short-term debt - related parties	`RepaymentsOfShortTermDebt`	$9.18K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$85.52K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-56.28K	USD	3 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$38.00	USD	3 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-308.00K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$164.00	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.89K	USD	3 Qtrs
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.09K	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`	$23.56K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.93K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.09K	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`	$23.56K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.93K	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	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income tax	`IncomeTaxesPaid`	-	USD	3 Qtrs

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.24M	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`	$-9.13M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.07M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.42M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.87M	USD	Point-in-time
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-198.94K	USD	1 Quarter
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`	$283.58K	USD	1 Quarter
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$432.13K	USD	1 Quarter
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$316.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-157.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-175.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-166.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-166.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-483.10K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-461.60K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-151.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-150.68K	USD	1 Quarter
Balance at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.24M	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`	$-9.13M	USD	Point-in-time
Balance at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.07M	USD	Point-in-time
Balance at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.42M	USD	Point-in-time
Balance at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Balance at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.87M	USD	Point-in-time

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