10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001214659-22-006904`
Period End Date	20220331
Filing Date	20220516
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	z51022010q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 32 Cash Flow Statement 38 Stockholders Equity 12

Balance Sheet 48 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`	$29.78K	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`	$24.18K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.14K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.26K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.14K	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
Total current assets	`AssetsCurrent`	$29.78K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$403.69K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$412.80K	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$5.48M	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$5.64M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$142.98K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$142.25K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$840.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$844.29K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$154.50K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$154.50K	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.52M	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.55M	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`	$-29.31K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.27K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.03M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-7.36M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-7.21M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-3.31M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-3.36M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.83M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.73M	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 liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$13.14K	USD	Point-in-time
Total liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$29.78K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$19.75K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$21.34K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$279.00	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$21.34K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$19.47K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-19.47K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-21.34K	USD	1 Quarter
Interest expenses	`InterestExpense`	$135.44K	USD	1 Quarter
Interest expenses	`InterestExpense`	$131.66K	USD	1 Quarter
Other income (expenses)	`OtherNonoperatingIncome`	$3.00	USD	1 Quarter
Other income (expenses)	`OtherNonoperatingIncome`	-	USD	1 Quarter
Net loss	`ProfitLoss`	$-153.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-154.91K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-38.89K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-39.20K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-115.72K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-114.11K	USD	1 Quarter
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShareOne`	-	USD	1 Quarter
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShareOne`	-	USD	1 Quarter
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDilutedOne`	110.41M	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDilutedOne`	110.41M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-153.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-154.91K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$52.26K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-42.08K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-110.92K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-207.17K	USD	1 Quarter
Comprehensive loss attributable to non- controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-54.87K	USD	1 Quarter
Comprehensive loss attributable to non- controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$26.27K	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`	$-262.05K	USD	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-153.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-154.91K	USD	1 Quarter
Gain on sale of vehicle	`GainLossOnSaleOfPropertyPlantEquipment`	$279.00	USD	1 Quarter
Gain on sale of vehicle	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$100.99K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$61.20K	USD	1 Quarter
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$74.65K	USD	1 Quarter
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$53.37K	USD	1 Quarter
Deferred revenue	`DeferredRevenueRevenueRecognized1`	-	USD	1 Quarter
Deferred revenue	`DeferredRevenueRevenueRecognized1`	$596.00	USD	1 Quarter
Net cash (used)/provided by in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.35K	USD	1 Quarter
Net cash (used)/provided by in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$771.00	USD	1 Quarter
Proceeds from sale of vehicle	`ProceedsFromSaleOfOtherProductiveAssets`	$279.00	USD	1 Quarter
Proceeds from sale of vehicle	`ProceedsFromSaleOfOtherProductiveAssets`	-	USD	1 Quarter
Cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$279.00	USD	1 Quarter
Cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$42.50K	USD	1 Quarter
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	-	USD	1 Quarter
Proceeds from borrowings on short-term debt related parties	`ProceedsFromBorrowingsOnShorttermDebtRelatedParties`	$-819.00	USD	1 Quarter
Proceeds from borrowings on short-term debt related parties	`ProceedsFromBorrowingsOnShorttermDebtRelatedParties`	$-64.42K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-819.00	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.92K	USD	1 Quarter
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalentsOne`	$3.25K	USD	1 Quarter
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalentsOne`	$42.08K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-16.64K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$20.93K	USD	1 Quarter
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$29.78K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$24.18K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$13.14K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.26K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$29.78K	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`	$13.14K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.26K	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
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.83M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.73M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.52M	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-52.26K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$42.08K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-153.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-154.91K	USD	1 Quarter
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.83M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.73M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.52M	USD	Point-in-time

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