10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001214659-21-008703`
Period End Date	20210630
Filing Date	20210816
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	p81221110q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 60 Cash Flow Statement 34 Stockholders Equity 20

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.26K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	110.41M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	110.41M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.46K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.13K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.79K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.26K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	110.41M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$12.79K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	110.41M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$384.44K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$376.90K	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$4.84M	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$5.15M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$138.95K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$140.44K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$820.50K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$829.30K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$70.50K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$113.00K	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.51M	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`	$10.13M	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`	$97.86K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$169.40K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.49M	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`	$-6.92M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-3.09M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-3.20M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.12M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.61M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.83M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.43M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time
Total liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$12.79K	USD	Point-in-time
Total liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$3.26K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$37.42K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$16.67K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$11.23K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$32.57K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$16.67K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$37.42K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$11.23K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$32.57K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-16.67K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-37.42K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-11.23K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-32.57K	USD	2 Qtrs
Interest expenses	`InterestExpense`	$264.68K	USD	2 Qtrs
Interest expenses	`InterestExpense`	$133.02K	USD	1 Quarter
Interest expenses	`InterestExpense`	$138.13K	USD	1 Quarter
Interest expenses	`InterestExpense`	$276.49K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$4.00	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$3.00	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-154.81K	USD	1 Quarter
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-313.91K	USD	2 Qtrs
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-144.25K	USD	1 Quarter
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-297.25K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-313.91K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-154.81K	USD	1 Quarter
Net loss	`ProfitLoss`	$-297.25K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-144.25K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-35.80K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-78.05K	USD	2 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-39.16K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-71.56K	USD	2 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-242.34K	USD	2 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-105.09K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-119.00K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-219.20K	USD	2 Qtrs
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	2 Qtrs
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	2 Qtrs
of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	1 Quarter
of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	110.41M	shares	2 Qtrs
of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	2 Qtrs
of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	110.41M	shares	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$144.28K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$102.21K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$23.66K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-123.75K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-399.46K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-288.54K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-190.16K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-178.46K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$134.97K	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`	$108.71K	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`	$-423.51K	USD	1 Quarter
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-508.17K	USD	2 Qtrs
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-224.60K	USD	2 Qtrs

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-154.81K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-144.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-297.25K	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`	$4.15K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$18.72K	USD	2 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$259.21K	USD	2 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$177.84K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-117.36K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.89K	USD	2 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$35.50K	USD	2 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$42.50K	USD	2 Qtrs
Proceeds from borrowings on short-term debt related parties	`ProceedsFromBorrowingsOnShorttermDebtRelatedParties`	$-1.44K	USD	2 Qtrs
Proceeds from borrowings on short-term debt related parties	`ProceedsFromBorrowingsOnShorttermDebtRelatedParties`	$-45.57K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$41.06K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.07K	USD	2 Qtrs
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.37K	USD	2 Qtrs
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$123.75K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$9.54K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.68K	USD	2 Qtrs
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.26K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.46K	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`	$12.79K	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`	$5.46K	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`	$12.79K	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, December 31, 2019	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.12M	USD	Point-in-time
Balances, December 31, 2019	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.61M	USD	Point-in-time
Balances, December 31, 2019	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.83M	USD	Point-in-time
Balances, December 31, 2019	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
Balances, December 31, 2019	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.43M	USD	Point-in-time
Balances, December 31, 2019	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$123.75K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-144.28K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-102.21K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-23.66K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-154.81K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-144.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-297.25K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-313.91K	USD	2 Qtrs
Balances, June 30, 2020	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.12M	USD	Point-in-time
Balances, June 30, 2020	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.61M	USD	Point-in-time
Balances, June 30, 2020	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.83M	USD	Point-in-time
Balances, June 30, 2020	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
Balances, June 30, 2020	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.43M	USD	Point-in-time
Balances, June 30, 2020	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time

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