10-K Filing

ZHEN DING RESOURCES INC. CIK: 1594204 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001214659-21-003855`
Period End Date	20201231
Filing Date	20210401
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	rbtk-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 30 Cash Flow Statement 32 Stockholders Equity 11

Balance Sheet 48 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`	$3.26K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.13K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	110.41M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.93K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	110.41M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.26K	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`	$376.90K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$404.94K	USD	Point-in-time
Accrued interest-related parties	`AccruedInterestrelatedParties`	$4.84M	USD	Point-in-time
Accrued interest-related parties	`AccruedInterestrelatedParties`	$4.22M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$130.10K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$138.95K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$820.50K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$767.80K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$70.50K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$146.00K	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.76M	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.72M	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, 110,411,348 and 63,968,798 shares issued and outstanding	`CommonStockValue`	$11.04K	USD	Point-in-time
Common stock, 150,000,000 authorized, $0.0001 par value, 110,411,348 and 63,968,798 shares issued and outstanding	`CommonStockValue`	$6.40K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$13.69M	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`	$169.40K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$574.49K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.99M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-6.63M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-6.65M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-3.09M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.76M	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 Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
Total liabilities and Stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$9.13K	USD	Point-in-time
Total liabilities and Stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$3.26K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$68.76K	USD	Annual
General and administrative	`SellingGeneralAndAdministrativeExpense`	$68.71K	USD	Annual
Total operating expenses	`OperatingExpenses`	$68.71K	USD	Annual
Total operating expenses	`OperatingExpenses`	$68.76K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-68.76K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-68.71K	USD	Annual
Interest expenses	`InterestExpense`	$582.81K	USD	Annual
Interest expenses	`InterestExpense`	$547.65K	USD	Annual
Other income (expenses), net	`OtherNonoperatingIncomeExpense`	$66.00	USD	Annual
Other income (expenses), net	`OtherNonoperatingIncomeExpense`	$256.00	USD	Annual
Net loss	`ProfitLoss`	$-651.31K	USD	Annual
Net loss	`ProfitLoss`	$-616.30K	USD	Annual
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-152.28K	USD	Annual
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-143.15K	USD	Annual
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-499.03K	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`	66.13M	shares	Annual
Basic and diluted weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	Annual
Net loss	`NetIncomeLoss`	$-651.31K	USD	Annual
Net loss	`NetIncomeLoss`	$-616.30K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$578.70K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-100.12K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.23M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-516.18K	USD	Annual
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-173.61K	USD	Annual
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-113.11K	USD	Annual
Comprehensive loss attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.06M	USD	Annual
Comprehensive loss attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-403.07K	USD	Annual

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-651.31K	USD	Annual
Net loss	`NetIncomeLoss`	$-616.30K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$56.03K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.62K	USD	Annual
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$512.49K	USD	Annual
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$433.10K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.72K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-136.19K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-128.89K	USD	Annual
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$73.50K	USD	Annual
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$60.50K	USD	Annual
(Payments)/Proceeds to/from borrowings on short-term debt - related parties	`PaymentsProceedsTofromBorrowingsOnShorttermDebtRelatedParties`	$-41.53K	USD	Annual
(Payments)/Proceeds to/from borrowings on short-term debt - related parties	`PaymentsProceedsTofromBorrowingsOnShorttermDebtRelatedParties`	$2.55K	USD	Annual
Net cash (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.97K	USD	Annual
Net cash (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$63.05K	USD	Annual
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-100.12K	USD	Annual
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-67.27K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.88K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.20K	USD	Annual
Cash and cash equivalents - beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$3.26K	USD	Point-in-time
Cash and cash equivalents - beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$9.13K	USD	Point-in-time
Cash and cash equivalents - beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$5.93K	USD	Point-in-time
Cash and cash equivalents - end of the year	`CashAndCashEquivalentsAtCarryingValue`	$3.26K	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`	$5.93K	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
Shares issued for convertible debt	`SharesIssuedAndChangeOfParValueAsResultOfShareExchange`	-	USD	Annual
Shares issued for convertible debt	`SharesIssuedAndChangeOfParValueAsResultOfShareExchange`	$928.85K	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balances at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Balances at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time
Balances at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
Issuance of shares of convertible debt	`StockIssuedDuringPeriodValueConversionOfUnits`	$928.85K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$100.12K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-578.70K	USD	Annual
Net loss	`NetIncomeLoss`	$-651.31K	USD	Annual
Net loss	`NetIncomeLoss`	$-616.30K	USD	Annual
Balances at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.90M	USD	Point-in-time
Balances at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time
Balances at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time

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