10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001214659-22-010121`
Period End Date	20220630
Filing Date	20220815
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	g81022010q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 68 Cash Flow Statement 32 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`	$22.53K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.79K	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
Total current assets	`AssetsCurrent`	$22.53K	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
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$413.26K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$403.69K	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$5.47M	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableRelatedPartiesCurrent`	$5.48M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$135.36K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$142.25K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$799.32K	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`	$154.50K	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.38M	USD	Point-in-time
Short-term debt-related parties	`DueToOfficersOrStockholdersCurrent`	$3.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.35M	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`	$7.27K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$359.40K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.15M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-7.21M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-7.10M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-3.23M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-3.31M	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`	$-10.33M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.12M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.73M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.52M	USD	Point-in-time
Total liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$22.53K	USD	Point-in-time
Total liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$29.78K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$32.57K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$29.26K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$11.23K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$49.01K	USD	2 Qtrs
Gain (loss) on sale of assets	`GainLossOnDispositionOfAssets1`	$-6.00	USD	1 Quarter
Gain (loss) on sale of assets	`GainLossOnDispositionOfAssets1`	$273.00	USD	2 Qtrs
Gain (loss) on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain (loss) on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$11.23K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$48.73K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$29.27K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$32.57K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-48.73K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-32.57K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-29.27K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-11.23K	USD	1 Quarter
Interest expenses	`InterestExpense`	$265.73K	USD	2 Qtrs
Interest expenses	`InterestExpense`	$264.68K	USD	2 Qtrs
Interest expenses	`InterestExpense`	$130.29K	USD	1 Quarter
Interest expenses	`InterestExpense`	$133.02K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$114.00	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$3.00	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$114.00	USD	1 Quarter
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-297.25K	USD	2 Qtrs
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-159.44K	USD	1 Quarter
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-144.25K	USD	1 Quarter
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-314.35K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-159.44K	USD	1 Quarter
Net loss	`ProfitLoss`	$-314.35K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-297.25K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-144.25K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-39.16K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-78.05K	USD	2 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-76.78K	USD	2 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-37.59K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-219.20K	USD	2 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-237.57K	USD	2 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-121.86K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-105.09K	USD	1 Quarter
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShareOne`	-	USD	1 Quarter
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShareOne`	-	USD	2 Qtrs
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShareOne`	-	USD	1 Quarter
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShareOne`	-	USD	2 Qtrs
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDilutedOne`	110.41M	shares	2 Qtrs
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDilutedOne`	110.41M	shares	2 Qtrs
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`	$-314.35K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-159.44K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-297.25K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-144.25K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-555.31K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$102.21K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-503.05K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$144.28K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$395.87K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$188.69K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-399.46K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-288.54K	USD	1 Quarter
Comprehensive income (loss) attributable to non- controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-129.01K	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`	$108.71K	USD	2 Qtrs
Comprehensive income (loss) attributable to non- controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-74.14K	USD	2 Qtrs
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`	$262.83K	USD	2 Qtrs
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$524.88K	USD	1 Quarter

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-314.35K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-159.44K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-297.25K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-144.25K	USD	1 Quarter
Interest on related party notes	`IncreaseDecreaseInNotesPayableCurrent`	$299.73K	USD	2 Qtrs
Interest on related party notes	`IncreaseDecreaseInNotesPayableCurrent`	$259.21K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.15K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.53K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.16K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.89K	USD	2 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	-	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`	$25.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$41.06K	USD	2 Qtrs
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalentsOne`	$2.37K	USD	2 Qtrs
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalentsOne`	$-11.09K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$9.54K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.25K	USD	2 Qtrs
Cash and cash equivalents beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$22.53K	USD	Point-in-time
Cash and cash equivalents beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$29.78K	USD	Point-in-time
Cash and cash equivalents beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$12.79K	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`	$22.53K	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`	$12.79K	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	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
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.83M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.33M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.12M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.73M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.52M	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$555.31K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$503.05K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-102.21K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-144.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-314.35K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-159.44K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-297.25K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-144.25K	USD	1 Quarter
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.83M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.33M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.12M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.73M	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.