10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001214659-22-013605`
Period End Date	20220930
Filing Date	20221114
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	z11922410q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 68 Cash Flow Statement 32 Stockholders Equity 20

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 Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.78K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.71K	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
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
Total current assets	`AssetsCurrent`	$10.71K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$393.29K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$403.69K	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$5.27M	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$5.48M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$142.25K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$127.47K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$840.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$752.74K	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	`ShorttermDebtrelatedParties`	$3.52M	USD	Point-in-time
Short-term debt-related parties	`ShorttermDebtrelatedParties`	$3.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.90M	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 as of September 30, 2022 and December 31, 2021	`CommonStockValue`	$11.04K	USD	Point-in-time
Common stock, 150,000,000 authorized, $0.0001 par value, 110,410,348 shares issued and outstanding as of September 30, 2022 and December 31, 2021	`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`	$768.26K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.27K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.91M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-6.79M	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`	$-3.09M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.28M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.52M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.12M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.89M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.33M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
Total liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$29.78K	USD	Point-in-time
Total liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$10.71K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$66.94K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$15.71K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$48.28K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$17.95K	USD	1 Quarter
Loss (Gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$-6.00	USD	1 Quarter
Loss (Gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$267.00	USD	3 Qtrs
Loss (Gain) on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Loss (Gain) on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$66.67K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$17.95K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$15.71K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$48.28K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-66.67K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-15.71K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-17.95K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-48.28K	USD	3 Qtrs
Interest expenses	`InterestExpense`	$391.17K	USD	3 Qtrs
Interest expenses	`InterestExpense`	$125.42K	USD	1 Quarter
Interest expenses	`InterestExpense`	$397.76K	USD	3 Qtrs
Interest expenses	`InterestExpense`	$133.08K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$-2.00	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$42.00	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$39.00	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$112.00	USD	3 Qtrs
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-457.73K	USD	3 Qtrs
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-148.75K	USD	1 Quarter
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-143.37K	USD	1 Quarter
Total expenses	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-446.00K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-457.73K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-446.00K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-148.75K	USD	1 Quarter
Net loss	`ProfitLoss`	$-143.37K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-117.06K	USD	3 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-112.90K	USD	3 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-36.12K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-39.01K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-107.25K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-109.74K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-344.82K	USD	3 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-328.94K	USD	3 Qtrs
Basic and diluted loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShareOne`	-	USD	3 Qtrs
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 loss per common share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShareOne`	-	USD	3 Qtrs
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDilutedOne`	110.41M	shares	3 Qtrs
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDilutedOne`	110.41M	shares	3 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`	$-143.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-457.73K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-148.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-446.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-584.09K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$19.57K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-1.09M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$121.78K	USD	3 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$440.72K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$629.41K	USD	3 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-567.78K	USD	3 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-168.32K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$139.11K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-153.59K	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`	$213.25K	USD	3 Qtrs
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTax`	$-123.44K	USD	1 Quarter
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTax`	$-414.19K	USD	3 Qtrs
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTax`	$301.61K	USD	1 Quarter
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTax`	$416.16K	USD	3 Qtrs

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-143.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-457.73K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-148.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-446.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-44.91K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.89K	USD	3 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesrelatedParties`	$406.33K	USD	3 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesrelatedParties`	$389.61K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.50K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-96.31K	USD	3 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	-	USD	3 Qtrs
Proceeds from borrowings on short-term debt	`ProceedsFromShortTermDebt`	$59.00K	USD	3 Qtrs
Proceeds from borrowings on short-term debt related parties	`ProceedsFromBorrowingsOnShorttermDebtRelatedParties`	$40.10K	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`	$40.10K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$61.12K	USD	3 Qtrs
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalentsOne`	$-1.52K	USD	3 Qtrs
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalentsOne`	$37.14K	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$10.10K	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.07K	USD	3 Qtrs
Cash and cash equivalents - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.26K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.71K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.36K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.78K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.26K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.71K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.36K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.78K	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
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.28M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.52M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.12M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.89M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.33M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$584.09K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-19.57K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-121.78K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.09M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-143.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-457.73K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-148.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-446.00K	USD	3 Qtrs
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.28M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.52M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.12M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.89M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.33M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.72M	USD	Point-in-time

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