10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001214659-20-009616`
Period End Date	20200930
Filing Date	20201116
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	rbtk-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 64 Cash Flow Statement 38 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.09K	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`	$9.60K	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
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$9.60K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.13K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	63.97M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$733.99K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$669.69K	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$4.48M	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$4.01M	USD	Point-in-time
Deferred revenue - related party	`DeferredRevenueCurrent`	$133.55K	USD	Point-in-time
Deferred revenue - related party	`DeferredRevenueCurrent`	$130.10K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$788.14K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$767.80K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$146.00K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$200.00K	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.79M	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.13M	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`	$411.22K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.99M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-7.18M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-6.65M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.94M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.76M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.61M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.07M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.24M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.12M	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`	$9.60K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$15.04K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$52.47K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$68.33K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$17.09K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$15.04K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$17.09K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$68.33K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$52.47K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-52.47K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-68.33K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-17.09K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-15.04K	USD	1 Quarter
Interest expenses	`InterestExpense`	$414.84K	USD	3 Qtrs
Interest expenses	`InterestExpense`	$418.24K	USD	3 Qtrs
Interest expenses	`InterestExpense`	$133.66K	USD	1 Quarter
Interest expenses	`InterestExpense`	$141.75K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$242.00	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$238.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$67.00	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$67.00	USD	1 Quarter
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-470.47K	USD	3 Qtrs
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-150.68K	USD	1 Quarter
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-483.10K	USD	3 Qtrs
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-156.56K	USD	1 Quarter
Net loss	`ProfitLoss`	$-483.10K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-156.56K	USD	1 Quarter
Net loss	`ProfitLoss`	$-470.47K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-150.68K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-108.88K	USD	3 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-108.14K	USD	3 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-34.75K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-36.58K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-115.93K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-119.98K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-362.32K	USD	3 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-374.22K	USD	3 Qtrs
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	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	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	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
Net loss	`NetIncomeLoss`	$-483.10K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-156.56K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-470.47K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-150.68K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$299.66K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$356.99K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$233.24K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$308.00K	USD	3 Qtrs
Total comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-450.34K	USD	1 Quarter
Total comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-703.71K	USD	3 Qtrs
Total comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-513.55K	USD	1 Quarter
Total comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-791.10K	USD	3 Qtrs
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-16.48K	USD	3 Qtrs
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-143.68K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-178.12K	USD	3 Qtrs
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$60.15K	USD	1 Quarter
Comprehensive (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-774.62K	USD	3 Qtrs
Comprehensive (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-510.49K	USD	1 Quarter
Comprehensive (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-369.88K	USD	1 Quarter
Comprehensive (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-525.59K	USD	3 Qtrs

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-483.10K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-156.56K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-470.47K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-150.68K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-881.00	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$88.08K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$46.05K	USD	3 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$218.37K	USD	3 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$475.59K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-4.89K	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	-	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-28.86K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-251.56K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$93.20K	USD	3 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$63.50K	USD	3 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$54.00K	USD	3 Qtrs
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$86.52K	USD	3 Qtrs
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromRelatedPartyDebt`	$-119.78K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-56.28K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$140.51K	USD	3 Qtrs
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$308.00K	USD	3 Qtrs
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-233.24K	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$470.00	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$164.00	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`	$5.93K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.60K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.13K	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`	$5.93K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.60K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.13K	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 20 line items

Line Item	Tag	Value	Unit	Period
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.61M	USD	Point-in-time
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.07M	USD	Point-in-time
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.24M	USD	Point-in-time
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.12M	USD	Point-in-time
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$308.00K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$316.34K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-356.99K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-233.24K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-483.10K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-156.56K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-470.47K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-150.68K	USD	1 Quarter
Balances, end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.61M	USD	Point-in-time
Balances, end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.07M	USD	Point-in-time
Balances, end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.24M	USD	Point-in-time
Balances, end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.12M	USD	Point-in-time
Balances, end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Balances, end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time

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