10-K Filing

ZHEN DING RESOURCES INC. CIK: 1594204 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001214659-22-005395`
Period End Date	20211231
Filing Date	20220418
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	z41322010k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 32 Cash Flow Statement 34 Stockholders Equity 12

Balance Sheet 46 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
Common stock, shares, issued	`CommonStockSharesIssued`	110.41M	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, shares, issued	`CommonStockSharesIssued`	110.41M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.78K	USD	Point-in-time
Common stock, shares,outstanding	`CommonStockSharesOutstanding`	110.41M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$29.78K	USD	Point-in-time
Common stock, shares,outstanding	`CommonStockSharesOutstanding`	110.41M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.26K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$403.69K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$376.90K	USD	Point-in-time
Accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$4.84M	USD	Point-in-time
Accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$5.48M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$142.25K	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`	$840.00K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$154.50K	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`	$3.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.72M	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`	$7.27K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.91M	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`	$-7.21M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-3.09M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-3.31M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.52M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time
Total liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$29.78K	USD	Point-in-time
Total liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$3.26K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$63.06K	USD	Annual
General and administrative	`SellingGeneralAndAdministrativeExpense`	$68.76K	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$25.26K	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Total operating expenses	`OperatingExpenses`	$37.80K	USD	Annual
Total operating expenses	`OperatingExpenses`	$68.76K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-68.76K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-37.80K	USD	Annual
Interest income (expenses )	`InterestExpense`	$532.02K	USD	Annual
Interest income (expenses )	`InterestExpense`	$582.81K	USD	Annual
Other income (expenses)	`OtherNonoperatingIncome`	$43.00	USD	Annual
Other income (expenses)	`OtherNonoperatingIncome`	$256.00	USD	Annual
Net loss	`ProfitLoss`	$-651.31K	USD	Annual
Net loss	`ProfitLoss`	$-569.78K	USD	Annual
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-152.28K	USD	Annual
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-150.17K	USD	Annual
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-499.03K	USD	Annual
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-419.61K	USD	Annual
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShareOne`	$-0.01	USD	Annual
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShareOne`	$-0.01	USD	Annual
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDilutedOne`	110.41M	shares	Annual
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDilutedOne`	110.41M	shares	Annual
Net loss	`NetIncomeLoss`	$-651.31K	USD	Annual
Net loss	`NetIncomeLoss`	$-569.78K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$231.62K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$578.70K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-801.40K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.23M	USD	Annual
Comprehensive loss attributable to non- controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-219.66K	USD	Annual
Comprehensive loss attributable to non- controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-173.61K	USD	Annual
Comprehensive loss attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.06M	USD	Annual
Comprehensive loss attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.02M	USD	Annual

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-651.31K	USD	Annual
Net loss	`NetIncomeLoss`	$-569.78K	USD	Annual
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$25.26K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-37.77K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.62K	USD	Annual
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$524.69K	USD	Annual
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$512.49K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-108.13K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-136.19K	USD	Annual
Proceeds on sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$82.30K	USD	Annual
Proceeds on sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$82.30K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$60.50K	USD	Annual
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$84.00K	USD	Annual
Proceeds from borrowings on short-term debt related parties	`ProceedsFromBorrowingsOnShorttermDebtRelatedParties`	$2.55K	USD	Annual
Proceeds from borrowings on short-term debt related parties	`ProceedsFromBorrowingsOnShorttermDebtRelatedParties`	$-25.51K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$58.49K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$63.05K	USD	Annual
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalentsOne`	$67.27K	USD	Annual
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalentsOne`	$-6.13K	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.88K	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$26.53K	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`	$29.78K	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`	$29.78K	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	`SharesIssuedForConvertibleDebt`	928,851.00	shares	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.52M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time
Issuance of shares of convertible debt	`IssuanceOfSharesOfConvertibleDebt`	$928.85K	USD	Annual
Issuance of shares of convertible debt (shares)	`IssuanceOfSharesOfConvertibleDebtShares`	46.44M	shares	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-231.62K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-578.70K	USD	Annual
Net loss	`NetIncomeLoss`	$-651.31K	USD	Annual
Net loss	`NetIncomeLoss`	$-569.78K	USD	Annual
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.52M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.42M	USD	Point-in-time

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