10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001214659-20-007193`
Period End Date	20200630
Filing Date	20200814
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	rbtk-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 64 Cash Flow Statement 36 Stockholders Equity 20

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
Common stock, issued	`CommonStockSharesIssued`	63.97M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.67K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.13K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.46K	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
Total current assets	`AssetsCurrent`	$9.13K	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`	$5.46K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$701.54K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$669.69K	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$4.18M	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`	$128.20K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$756.57K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$767.80K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$181.50K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$146.00K	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.66M	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.61M	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`	$661.12K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.23M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-6.81M	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`	$-2.80M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.43M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.24M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	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`	$-9.61M	USD	Point-in-time
Total liabilities and Stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$5.46K	USD	Point-in-time
Total liabilities and Stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$9.13K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$26.43K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$16.67K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$37.42K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$51.24K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$16.67K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$26.43K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$37.42K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$51.24K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-26.43K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-51.24K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-16.67K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-37.42K	USD	2 Qtrs
Interest expenses	`InterestExpense`	$276.49K	USD	2 Qtrs
Interest expenses	`InterestExpense`	$281.18K	USD	2 Qtrs
Interest expenses	`InterestExpense`	$139.85K	USD	1 Quarter
Interest expenses	`InterestExpense`	$138.13K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$4.00	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	-	USD	2 Qtrs
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-332.42K	USD	2 Qtrs
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-154.81K	USD	1 Quarter
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-166.28K	USD	1 Quarter
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-313.91K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-154.81K	USD	1 Quarter
Net loss	`ProfitLoss`	$-332.42K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-166.28K	USD	1 Quarter
Net loss	`ProfitLoss`	$-313.91K	USD	2 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-71.56K	USD	2 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-35.80K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-36.77K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-74.13K	USD	2 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-119.00K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-242.34K	USD	2 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-258.29K	USD	2 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-129.51K	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 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	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	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	2 Qtrs
Net loss	`NetIncomeLoss`	$-154.81K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-166.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-332.42K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-313.91K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-123.75K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$8.34K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$23.66K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-190.60K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-340.76K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-190.16K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$24.32K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-178.46K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$42.90K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$20.41K	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`	$34.44K	USD	2 Qtrs
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-221.36K	USD	1 Quarter
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-264.13K	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`	$-224.60K	USD	2 Qtrs

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-154.81K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-166.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-332.42K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-313.91K	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$40.90K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$18.72K	USD	2 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$177.84K	USD	2 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$248.30K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$182.00	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-43.04K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-117.36K	USD	2 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$35.50K	USD	2 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$63.50K	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`	$-45.57K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$68.12K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.07K	USD	2 Qtrs
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-8.34K	USD	2 Qtrs
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$123.75K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.68K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$16.74K	USD	2 Qtrs
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$22.67K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.13K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.46K	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`	$22.67K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.13K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.46K	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	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 20 line items

Line Item	Tag	Value	Unit	Period
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.43M	USD	Point-in-time
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.24M	USD	Point-in-time
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.26M	USD	Point-in-time
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.61M	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-8.34K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$190.60K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$123.75K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-23.66K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-154.81K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-166.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-332.42K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-313.91K	USD	2 Qtrs
Balances, end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.43M	USD	Point-in-time
Balances, end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.24M	USD	Point-in-time
Balances, end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time
Balances, end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Balances, end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.26M	USD	Point-in-time
Balances, end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.61M	USD	Point-in-time

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