10-Q Filing

ZHEN DING RESOURCES INC. CIK: 1594204 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001214659-23-015264`
Period End Date	20230930
Filing Date	20231116
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	x11623010q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 76 Cash Flow Statement 32 Stockholders Equity 22

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`	$8.38K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	110.41M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.71K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	110.74M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	110.74M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$13.71K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.38K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	110.41M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$400.75K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$464.78K	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`	$5.54M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$131.46K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$124.30K	USD	Point-in-time
Due to related parties	`DueToRelatedParties`	$776.29K	USD	Point-in-time
Due to related parties	`DueToRelatedParties`	$734.00K	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	`ShorttermDebtrelatedParties`	$3.31M	USD	Point-in-time
Short-term debt-related parties	`ShorttermDebtrelatedParties`	$3.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.33M	USD	Point-in-time
Common stock, 150,000,000 authorized, $0.0001 par value, 110,737,348 and 110,411,348 shares issued and outstanding, respectively	`CommonStockValue`	$11.04K	USD	Point-in-time
Common stock, 150,000,000 authorized, $0.0001 par value, 110,737,348 and 110,411,348 shares issued and outstanding, respectively	`CommonStockValue`	$11.07K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$13.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.37M	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`	$944.79K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$557.39K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.35M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-7.03M	USD	Point-in-time
Total deficit attributable to Zhen Ding Resources Inc.	`StockholdersEquity`	$-7.10M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-3.22M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-3.17M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.89M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.20M	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`	$-10.32M	USD	Point-in-time
Total Stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.33M	USD	Point-in-time
Total liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$13.71K	USD	Point-in-time
Total liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$8.38K	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$734.02K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$17.95K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$66.94K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$694.11K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$-6.00	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$267.00	USD	3 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$66.67K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$694.11K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$734.02K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$17.95K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-17.95K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-734.02K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-694.11K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-66.67K	USD	3 Qtrs
Interest expenses	`InterestExpense`	$375.38K	USD	3 Qtrs
Interest expenses	`InterestExpense`	$122.19K	USD	1 Quarter
Interest expenses	`InterestExpense`	$391.17K	USD	3 Qtrs
Interest expenses	`InterestExpense`	$125.42K	USD	1 Quarter
Other income	`OtherIncome`	$-1.00	USD	1 Quarter
Other income	`OtherIncome`	$-2.00	USD	1 Quarter
Other income	`OtherIncome`	$112.00	USD	3 Qtrs
Other income	`OtherIncome`	$42.00	USD	3 Qtrs
Total expenses	`NonoperatingIncomeExpense`	$1.11M	USD	3 Qtrs
Total expenses	`NonoperatingIncomeExpense`	$143.37K	USD	1 Quarter
Total expenses	`NonoperatingIncomeExpense`	$457.73K	USD	3 Qtrs
Total expenses	`NonoperatingIncomeExpense`	$816.31K	USD	1 Quarter
Net loss	`ProfitLoss`	$-143.37K	USD	1 Quarter
Net loss	`ProfitLoss`	$-816.31K	USD	1 Quarter
Net loss	`ProfitLoss`	$-457.73K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-1.11M	USD	3 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-112.90K	USD	3 Qtrs
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-34.50K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-36.12K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-106.42K	USD	3 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-781.81K	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`	$-1.00M	USD	3 Qtrs
Net loss attributable to Zhen Ding Resources Inc.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-107.25K	USD	1 Quarter
Basic loss per common share	`EarningsPerShareBasic`	-	USD	3 Qtrs
Basic loss per common share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic loss per common share	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Basic loss per common share	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted loss per common share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted loss per common share	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Diluted loss per common share	`EarningsPerShareDiluted`	$-0.01	USD	3 Qtrs
Diluted loss per common share	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Basic weighted average number of common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	110.55M	shares	1 Quarter
Basic weighted average number of common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	110.46M	shares	3 Qtrs
Basic weighted average number of common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	110.41M	shares	3 Qtrs
Basic weighted average number of common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	110.41M	shares	1 Quarter
Diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.46M	shares	3 Qtrs
Diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.41M	shares	3 Qtrs
Diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.41M	shares	1 Quarter
Diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.55M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-816.31K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.11M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-143.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-457.73K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-1.09M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-584.09K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-56.85K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-546.30K	USD	3 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$629.41K	USD	3 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-563.07K	USD	3 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-759.46K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$440.72K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-52.48K	USD	3 Qtrs
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$213.25K	USD	3 Qtrs
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$139.11K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-17.45K	USD	1 Quarter
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTax`	$-510.60K	USD	3 Qtrs
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	`ComprehensiveIncomeNetOfTax`	$-742.01K	USD	1 Quarter
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`	$-816.31K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.11M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-143.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-457.73K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$678.08K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-44.91K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$80.40K	USD	3 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesrelatedParties`	$406.33K	USD	3 Qtrs
Accounts payable and accrued liabilities-related parties	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesrelatedParties`	$285.38K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-96.31K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-65.51K	USD	3 Qtrs
Proceeds from borrowings on short-term debt related parties	`ProceedsFromBorrowingsOnShorttermDebtRelatedParties`	$53.85K	USD	3 Qtrs
Proceeds from borrowings on short-term debt related parties	`ProceedsFromBorrowingsOnShorttermDebtRelatedParties`	$40.10K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$53.85K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.10K	USD	3 Qtrs
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalentsOne`	$37.14K	USD	3 Qtrs
Foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalentsOne`	$6.33K	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.33K	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.07K	USD	3 Qtrs
Cash and cash equivalents - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.38K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.71K	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`	$29.78K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.38K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.71K	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`	$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 22 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.89M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.20M	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`	$-10.32M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.33M	USD	Point-in-time
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$678.08K	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$678.08K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$584.09K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.09M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$56.85K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$546.30K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-816.31K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.11M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-143.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-457.73K	USD	3 Qtrs
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.89M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.20M	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`	$-10.32M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.33M	USD	Point-in-time

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