10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001214659-21-005500`
Period End Date	20210331
Filing Date	20210517
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	rbtk-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 30 Cash Flow Statement 31 Stockholders Equity 12

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`	110.41M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.18K	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`	$3.26K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.92K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.26K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.18K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	110.41M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	110.41M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$376.90K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$481.41K	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$4.90M	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$4.84M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$138.95K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$138.35K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$820.50K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$816.98K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$113.00K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$70.50K	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.40M	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`	$9.85M	USD	Point-in-time
Common stock, 150,000,000 authorized, $0.0001 par value, 110,410,348 shares issued and outstanding	`CommonStockValue`	$11.04K	USD	Point-in-time
Common stock, 150,000,000 authorized, $0.0001 par value, 110,410,348 shares issued and outstanding	`CommonStockValue`	$11.04K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$13.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$13.69M	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`	$198.86K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.61M	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`	$-6.71M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-3.11M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-3.09M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	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 Stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.83M	USD	Point-in-time
Total liabilities and Stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$24.18K	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`	$21.34K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$20.75K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$21.34K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$20.75K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-20.75K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-21.34K	USD	1 Quarter
Interest expenses	`InterestExpense`	$138.36K	USD	1 Quarter
Interest expenses	`InterestExpense`	$131.66K	USD	1 Quarter
Other income (expenses)	`OtherNonoperatingIncome`	$3.00	USD	1 Quarter
Other income (expenses)	`OtherNonoperatingIncome`	$4.00	USD	1 Quarter
Net loss	`ProfitLoss`	$-153.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-159.10K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-35.76K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-38.89K	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`	$-114.11K	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`	-	USD	1 Quarter
Basic and diluted weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	110.41M	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-159.10K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-153.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-147.41K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-42.08K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-11.69K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-110.92K	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$26.27K	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$8.46K	USD	1 Quarter
Comprehensive loss attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-137.19K	USD	1 Quarter
Comprehensive loss attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-20.16K	USD	1 Quarter

Cash Flow Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-159.10K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-153.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.12K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$100.99K	USD	1 Quarter
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$53.37K	USD	1 Quarter
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$48.10K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-596.00	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$771.00	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-117.12K	USD	1 Quarter
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$22.00K	USD	1 Quarter
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$42.50K	USD	1 Quarter
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromBorrowingsOnShorttermDebtRelatedParties`	$-55.49K	USD	1 Quarter
Proceeds from borrowings on short-term debt - related parties	`ProceedsFromBorrowingsOnShorttermDebtRelatedParties`	$-64.42K	USD	1 Quarter
Net cash provided(used in) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.92K	USD	1 Quarter
Net cash provided(used in) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-33.49K	USD	1 Quarter
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$147.41K	USD	1 Quarter
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$42.08K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.21K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$20.93K	USD	1 Quarter
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$24.18K	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`	$3.26K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.92K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$24.18K	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`	$3.26K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.92K	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, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.43M	USD	Point-in-time
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.83M	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$147.41K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$42.08K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-159.10K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-153.00K	USD	1 Quarter
Balances, end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
Balances, end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time
Balances, end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.43M	USD	Point-in-time
Balances, end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.83M	USD	Point-in-time

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