10-K Filing

ZHEN DING RESOURCES INC. CIK: 1594204 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001214659-20-003008`
Period End Date	20191231
Filing Date	20200330
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	rbtk-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 30 Cash Flow Statement 32 Stockholders Equity 10

Balance Sheet 50 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
Common stock, issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.13K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.67K	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
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`	$9.13K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.81K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$604.40K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$669.69K	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$4.01M	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$3.57M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$130.10K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$131.82K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$767.80K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$777.94K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$72.50K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$146.00K	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.71M	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`	$9.42M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	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`	$574.49K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$504.40K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.52M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-6.25M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-6.65M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.76M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.65M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.68M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time
Total liabilities and Stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$9.13K	USD	Point-in-time
Total liabilities and Stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$6.81K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$118.58K	USD	Annual
General and administrative	`SellingGeneralAndAdministrativeExpense`	$68.71K	USD	Annual
Total operating expenses	`OperatingExpenses`	$68.71K	USD	Annual
Total operating expenses	`OperatingExpenses`	$118.58K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-118.58K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-68.71K	USD	Annual
Interest expenses	`InterestExpense`	$547.65K	USD	Annual
Interest expenses	`InterestExpense`	$569.27K	USD	Annual
Other income (expenses)	`OtherNonoperatingIncomeExpense`	$66.00	USD	Annual
Other income (expenses)	`OtherNonoperatingIncomeExpense`	$23.05K	USD	Annual
Net loss	`ProfitLoss`	$-664.79K	USD	Annual
Net loss	`ProfitLoss`	$-616.30K	USD	Annual
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-143.15K	USD	Annual
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-157.21K	USD	Annual
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-507.58K	USD	Annual
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-473.15K	USD	Annual
Basic and diluted loss per common share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	Annual
Basic and diluted loss per common share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	Annual
Basic and diluted weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	Annual
Basic and diluted weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	Annual
Net loss	`NetIncomeLoss`	$-664.79K	USD	Annual
Net loss	`NetIncomeLoss`	$-616.30K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-443.78K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-100.12K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-221.01K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-516.18K	USD	Annual
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-113.11K	USD	Annual
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-24.04K	USD	Annual
Comprehensive loss attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-403.07K	USD	Annual
Comprehensive loss attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-196.97K	USD	Annual

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-664.79K	USD	Annual
Net loss	`NetIncomeLoss`	$-616.30K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	Annual
Other receivables	`IncreaseDecreaseInOtherCurrentAssets`	$881.00	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$56.03K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$290.61K	USD	Annual
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$433.10K	USD	Annual
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$71.94K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.72K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-22.80K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-325.91K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-128.89K	USD	Annual
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$72.50K	USD	Annual
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$73.50K	USD	Annual
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$-192.10K	USD	Annual
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$-41.53K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.97K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-119.60K	USD	Annual
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-443.78K	USD	Annual
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-100.12K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.20K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.74K	USD	Annual
Cash and cash equivalents - beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$9.13K	USD	Point-in-time
Cash and cash equivalents - beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$7.67K	USD	Point-in-time
Cash and cash equivalents - beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$5.93K	USD	Point-in-time
Cash and cash equivalents - end of the year	`CashAndCashEquivalentsAtCarryingValue`	$9.13K	USD	Point-in-time
Cash and cash equivalents - end of the year	`CashAndCashEquivalentsAtCarryingValue`	$7.67K	USD	Point-in-time
Cash and cash equivalents - end of the year	`CashAndCashEquivalentsAtCarryingValue`	$5.93K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for income tax	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income tax	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balances at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.68M	USD	Point-in-time
Balances at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Balances at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$100.12K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$443.78K	USD	Annual
Net loss	`NetIncomeLoss`	$-664.79K	USD	Annual
Net loss	`NetIncomeLoss`	$-616.30K	USD	Annual
Balances at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.68M	USD	Point-in-time
Balances at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Balances at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time

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