10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001214659-20-004552`
Period End Date	20200331
Filing Date	20200514
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	rbtk-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 30 Cash Flow Statement 30 Stockholders Equity 12

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.13K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.92K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.86K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.93K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.92K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.13K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$669.69K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$679.21K	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$4.05M	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$4.01M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$130.10K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$127.83K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$767.80K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$754.43K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$146.00K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$168.00K	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.71M	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.43M	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`	$677.68K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.12M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-6.67M	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`	$-2.75M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.26M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.43M	USD	Point-in-time
Total liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$5.92K	USD	Point-in-time
Total liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$9.13K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$24.81K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$20.75K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$24.81K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$20.75K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-24.81K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-20.75K	USD	1 Quarter
Interest expenses	`InterestExpense`	$138.36K	USD	1 Quarter
Interest expenses	`InterestExpense`	$141.33K	USD	1 Quarter
Other income (expenses)	`OtherNonoperatingIncomeExpense`	$4.00	USD	1 Quarter
Other income (expenses)	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Net loss	`ProfitLoss`	$-159.10K	USD	1 Quarter
Net loss	`ProfitLoss`	$-166.14K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-35.76K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-37.37K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-123.34K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-128.77K	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`	$-0.01	USD	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	1 Quarter
Net loss	`NetIncomeLoss`	$-166.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-159.10K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$198.94K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-147.41K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-365.08K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-11.69K	USD	1 Quarter
Comprehensive income/(loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$8.46K	USD	1 Quarter
Comprehensive income/(loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-97.05K	USD	1 Quarter
Comprehensive loss attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-268.03K	USD	1 Quarter
Comprehensive loss attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-20.16K	USD	1 Quarter

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-166.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-159.10K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.12K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$47.80K	USD	1 Quarter
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$212.98K	USD	1 Quarter
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$48.10K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-117.12K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$94.64K	USD	1 Quarter
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$30.00K	USD	1 Quarter
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$22.00K	USD	1 Quarter
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$-55.49K	USD	1 Quarter
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$80.24K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$110.24K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-33.49K	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-147.41K	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$198.94K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.21K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.93K	USD	1 Quarter
Cash and cash equivalents - beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$9.13K	USD	Point-in-time
Cash and cash equivalents - beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$5.92K	USD	Point-in-time
Cash and cash equivalents - beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$11.86K	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`	$5.92K	USD	Point-in-time
Cash and cash equivalents - end of the year	`CashAndCashEquivalentsAtCarryingValue`	$11.86K	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	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for income tax	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income tax	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balances at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Balances at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.26M	USD	Point-in-time
Balances at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time
Balances at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.43M	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-198.94K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$147.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-166.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-159.10K	USD	1 Quarter
Balances at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Balances at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.26M	USD	Point-in-time
Balances at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time
Balances at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.43M	USD	Point-in-time

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