10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001214659-21-011733`
Period End Date	20210930
Filing Date	20211115
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	r111021410q_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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.60K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.13K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.36K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	110.41M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$13.36K	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
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	110.41M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$387.80K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$376.90K	USD	Point-in-time
Accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$5.29M	USD	Point-in-time
Accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$4.84M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$138.95K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$140.71K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$830.90K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$820.50K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$129.50K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$70.50K	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.47M	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.30M	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`	$84.16K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$169.40K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.82M	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`	$-7.04M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-3.09M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-3.24M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.12M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	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`	$-9.42M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.28M	USD	Point-in-time
Total liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$13.36K	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`	$52.47K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$15.71K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$15.04K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$48.28K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$15.71K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$52.47K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$48.28K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$15.04K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-52.47K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-15.04K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-15.71K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-48.28K	USD	3 Qtrs
Interest expenses	`InterestExpense`	$418.24K	USD	3 Qtrs
Interest expenses	`InterestExpense`	$133.08K	USD	1 Quarter
Interest expenses	`InterestExpense`	$141.75K	USD	1 Quarter
Interest expenses	`InterestExpense`	$397.76K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$242.00	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$238.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$39.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$42.00	USD	3 Qtrs
Total expenses, net	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-446.00K	USD	3 Qtrs
Total expenses, net	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-470.47K	USD	3 Qtrs
Total expenses, net	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-156.56K	USD	1 Quarter
Total expenses, net	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-148.75K	USD	1 Quarter
Net loss	`ProfitLoss`	$-156.56K	USD	1 Quarter
Net loss	`ProfitLoss`	$-446.00K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-148.75K	USD	1 Quarter
Net loss	`ProfitLoss`	$-470.47K	USD	3 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-108.14K	USD	3 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-36.58K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-39.01K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-117.06K	USD	3 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-328.94K	USD	3 Qtrs
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`	$-109.74K	USD	1 Quarter
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	3 Qtrs
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	3 Qtrs
of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	3 Qtrs
of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.97M	shares	1 Quarter
of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	110.41M	shares	3 Qtrs
of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	110.41M	shares	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$356.99K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$121.78K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$233.24K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$19.57K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-513.55K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-703.71K	USD	3 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-168.32K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-567.78K	USD	3 Qtrs
Comprehensive income (loss) attributable to non- controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-44.88K	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`	$-153.59K	USD	3 Qtrs
Comprehensive income (loss) attributable to non- controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-143.68K	USD	1 Quarter
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-525.59K	USD	3 Qtrs
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-369.88K	USD	1 Quarter
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-123.44K	USD	1 Quarter
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-414.19K	USD	3 Qtrs

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-156.56K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-446.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-470.47K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-148.75K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.89K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$88.08K	USD	3 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$389.61K	USD	3 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$475.59K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$93.20K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.50K	USD	3 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$59.00K	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	`ProceedsFromBorrowingsOnShorttermDebtRelatedParties`	$86.52K	USD	3 Qtrs
Proceeds from borrowings on short-term debt related parties	`ProceedsFromBorrowingsOnShorttermDebtRelatedParties`	$2.12K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$61.12K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$140.51K	USD	3 Qtrs
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-233.24K	USD	3 Qtrs
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.52K	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$470.00	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$10.10K	USD	3 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`	$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 - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$13.36K	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`	$9.60K	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`	$13.36K	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, December 31, 2019	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.12M	USD	Point-in-time
Balances, December 31, 2019	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
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`	$-9.42M	USD	Point-in-time
Balances, December 31, 2019	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.28M	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-233.24K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-121.78K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-19.57K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-356.99K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-156.56K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-446.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-470.47K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-148.75K	USD	1 Quarter
Balances, September 30, 2020	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.12M	USD	Point-in-time
Balances, September 30, 2020	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
Balances, September 30, 2020	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.12M	USD	Point-in-time
Balances, September 30, 2020	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.61M	USD	Point-in-time
Balances, September 30, 2020	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time
Balances, September 30, 2020	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.28M	USD	Point-in-time

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