10-Q/A Filing

SCIENTIFIC ENERGY, INC CIK: 1276531 Q2 2011

Filing Information

Form Type	10-Q/A
Accession Number	`0001276531-11-000012`
Period End Date	20110630
Filing Date	20110811
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	scgy-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 35 Income Statement 49 Cash Flow Statement 37

Balance Sheet 35 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$713.78K	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$1.68M	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$1.78M	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$4.44M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$103.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$2.87M	USD	Point-in-time
Accounts receivable, interest	`AccountsReceivableInterest`	$51.95K	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	$17.06K	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	$31.06K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.71M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.72M	USD	Point-in-time
Property, Plant and Equipment, net	`PropertyPlantAndEquipmentNet`	$213.03K	USD	Point-in-time
Property, Plant and Equipment, net	`PropertyPlantAndEquipmentNet`	$257.10K	USD	Point-in-time
Hold to maturity investments	`HeldToMaturitySecurities`	$1.81M	USD	Point-in-time
Hold to maturity investments	`HeldToMaturitySecurities`	$1.81M	USD	Point-in-time
Total Assets	`Assets`	$3.73M	USD	Point-in-time
Total Assets	`Assets`	$6.79M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$47.00	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.82M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$47.00	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.82M	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$949.16K	USD	Point-in-time
Common stock	`CommonStockValue`	$949.16K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.73M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.72M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.96K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.49K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.97M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.73M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.73M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$6.79M	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$3.01M	USD	2 Qtrs
Sales	`SalesRevenueNet`	$1.05M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$1.02M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.90M	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$34.11K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$111.41K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$385.52K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$74.59K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$151.62K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$290.78K	USD	2 Qtrs
Depreciation	`Depreciation`	$40.33K	USD	2 Qtrs
Depreciation	`Depreciation`	$21.88K	USD	1 Quarter
Depreciation	`Depreciation`	$21.92K	USD	1 Quarter
Depreciation	`Depreciation`	$43.82K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$425.85K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$96.51K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$173.50K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$334.61K	USD	2 Qtrs
Net loss from operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-139.39K	USD	1 Quarter
Net loss from operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-334.61K	USD	2 Qtrs
Net loss from operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-96.51K	USD	1 Quarter
Net loss from operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-314.44K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$102.66K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$51.32K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$45.26K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$45.11K	USD	1 Quarter
Loss on sale of available for sale securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$211.62K	USD	2 Qtrs
Net loss before provision for income taxes	`NetLossBeforeProvisionForIncomeTaxes`	$-480.80K	USD	2 Qtrs
Net loss before provision for income taxes	`NetLossBeforeProvisionForIncomeTaxes`	$-231.95K	USD	2 Qtrs
Net loss before provision for income taxes	`NetLossBeforeProvisionForIncomeTaxes`	$-45.19K	USD	1 Quarter
Net loss before provision for income taxes	`NetLossBeforeProvisionForIncomeTaxes`	$-94.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-480.80K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-45.19K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-94.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-231.95K	USD	2 Qtrs
Net loss per common share, basic and fully diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share, basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per common share, basic and fully diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share, basic and fully diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted average common shares outstanding, basic and fully diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	94.92M	shares	Point-in-time
Weighted average common shares outstanding, basic and fully diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	94.92M	shares	Point-in-time
Foreign currency translation gains (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-12.91K	USD	2 Qtrs
Foreign currency translation gains (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-4.48K	USD	1 Quarter
Foreign currency translation gains (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$1.31K	USD	1 Quarter
Foreign currency translation gains (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-2.47K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-43.88K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-234.42K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-493.71K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-98.76K	USD	1 Quarter

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-480.80K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-45.19K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-94.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-231.95K	USD	2 Qtrs
Depreciation	`Depreciation`	$40.33K	USD	2 Qtrs
Depreciation	`Depreciation`	$21.88K	USD	1 Quarter
Depreciation	`Depreciation`	$21.92K	USD	1 Quarter
Depreciation	`Depreciation`	$43.82K	USD	2 Qtrs
Loss on sale of available for sale securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$211.62K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-273.03K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.87M	USD	2 Qtrs
Interest receivable on convertible debenture	`InterestReceivableOnConvertibleDebenture`	$-45.06K	USD	2 Qtrs
Interest receivable on convertible debenture	`InterestReceivableOnConvertibleDebenture`	$51.95K	USD	2 Qtrs
Purchase advances	`IncreaseDecreaseInDepositsOutstanding`	$-258.77K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-14.02K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-499.00	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$43.38K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.82M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-762.83K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-97.54K	USD	2 Qtrs
Proceeds from sale of available for sale securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$2.76M	USD	2 Qtrs
Purchase of available for sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$-2.97M	USD	2 Qtrs
Purchase of hold to maturity investments	`PaymentsToAcquireHeldToMaturitySecurities`	$-2.58M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquireMachineryAndEquipment`	$-165.39K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.95M	USD	2 Qtrs
Effect of exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.15K	USD	2 Qtrs
Effect of exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-7.74K	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-99.69K	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.73M	USD	2 Qtrs
Cash and cash equivalents, beginning balance	`CashEquivalentsAtCarryingValue`	$713.78K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashEquivalentsAtCarryingValue`	$1.68M	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashEquivalentsAtCarryingValue`	$1.78M	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashEquivalentsAtCarryingValue`	$4.44M	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashEquivalentsAtCarryingValue`	$713.78K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashEquivalentsAtCarryingValue`	$1.68M	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashEquivalentsAtCarryingValue`	$1.78M	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashEquivalentsAtCarryingValue`	$4.44M	USD	Point-in-time

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