10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001214659-23-010978`
Period End Date	20230630
Filing Date	20230810
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	zd8423010q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 76 Cash Flow Statement 30 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
Common stock, shares issued	`CommonStockSharesIssued`	110.41M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	110.41M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.71K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.92K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.71K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.92K	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`	$397.72K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$400.75K	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$5.56M	USD	Point-in-time
Accounts payable and accrued liabilities-related parties	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$5.52M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$125.03K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$131.46K	USD	Point-in-time
Due to related parties	`DueToRelatedParties`	$776.29K	USD	Point-in-time
Due to related parties	`DueToRelatedParties`	$738.28K	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`	$3.31M	USD	Point-in-time
Short-term debt-related parties	`ShorttermDebtrelatedParties`	$3.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.33M	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`	$557.39K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$905.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.57M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-6.97M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-7.10M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-3.15M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-3.22M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.32M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.52M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.50M	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 liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$13.71K	USD	Point-in-time
Total liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$10.92K	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$27.55K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$39.91K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$29.26K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$49.01K	USD	2 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$273.00	USD	2 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$-6.00	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$27.55K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$39.91K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$48.73K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$29.27K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-48.73K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-27.55K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-39.91K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-29.27K	USD	1 Quarter
Interest expenses	`InterestExpense`	$253.19K	USD	2 Qtrs
Interest expenses	`InterestExpense`	$265.73K	USD	2 Qtrs
Interest expenses	`InterestExpense`	$125.35K	USD	1 Quarter
Interest expenses	`InterestExpense`	$130.29K	USD	1 Quarter
Other income	`OtherIncome`	$114.00	USD	1 Quarter
Other income	`OtherIncome`	$114.00	USD	2 Qtrs
Other income	`OtherIncome`	$43.00	USD	2 Qtrs
Other income	`OtherIncome`	$43.00	USD	1 Quarter
Total expenses	`NonoperatingIncomeExpense`	$159.44K	USD	1 Quarter
Total expenses	`NonoperatingIncomeExpense`	$152.85K	USD	1 Quarter
Total expenses	`NonoperatingIncomeExpense`	$293.06K	USD	2 Qtrs
Total expenses	`NonoperatingIncomeExpense`	$314.35K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-314.35K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-293.06K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-159.44K	USD	1 Quarter
Net loss	`ProfitLoss`	$-152.85K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-71.92K	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
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-35.51K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-117.35K	USD	1 Quarter
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-221.14K	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
Basic loss per common share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic loss per common share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic loss per common share	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic loss per common share	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic loss per common share	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Basic loss per common share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic loss per common share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic loss per common share	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Basic weighted average number of common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	110.41M	shares	1 Quarter
Basic weighted average number of common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	110.41M	shares	2 Qtrs
Basic weighted average number of common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	110.41M	shares	2 Qtrs
Basic weighted average number of common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	110.41M	shares	1 Quarter
Diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.41M	shares	1 Quarter
Diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.41M	shares	2 Qtrs
Diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.41M	shares	1 Quarter
Diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.41M	shares	2 Qtrs
Net loss	`NetIncomeLoss`	$-159.44K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-293.06K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-152.85K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-314.35K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-489.44K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-537.22K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-555.31K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-503.05K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$384.37K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$196.38K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$188.69K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$395.87K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-125.66K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-69.92K	USD	2 Qtrs
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-129.01K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-74.14K	USD	2 Qtrs
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTax`	$262.83K	USD	2 Qtrs
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTax`	$510.03K	USD	1 Quarter
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTax`	$524.88K	USD	1 Quarter
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTax`	$266.31K	USD	2 Qtrs

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-159.44K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-293.06K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-152.85K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-314.35K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.68K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.53K	USD	2 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesrelatedParties`	$229.06K	USD	2 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesrelatedParties`	$299.73K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-52.31K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.16K	USD	2 Qtrs
Proceeds from borrowings on short-term debt related parties	`ProceedsFromBorrowingsOnShorttermDebtRelatedParties`	$41.85K	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`	$41.85K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.00K	USD	2 Qtrs
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalentsOne`	$-11.09K	USD	2 Qtrs
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalentsOne`	$7.67K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.25K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.79K	USD	2 Qtrs
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.92K	USD	Point-in-time
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.71K	USD	Point-in-time
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.53K	USD	Point-in-time
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.78K	USD	Point-in-time
Cash - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.92K	USD	Point-in-time
Cash - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.71K	USD	Point-in-time
Cash - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.53K	USD	Point-in-time
Cash - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.78K	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`	$-10.32M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.52M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.50M	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
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$503.05K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$555.31K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$537.22K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$489.44K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-159.44K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-293.06K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-152.85K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-314.35K	USD	2 Qtrs
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.32M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.52M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.50M	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

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