10-K Filing

SCIENTIFIC ENERGY, INC CIK: 1276531 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001276531-12-000003`
Period End Date	20111231
Filing Date	20120409
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	scgy-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 29 Cash Flow Statement 35 Stockholders Equity 12

Balance Sheet 45 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$1.22M	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$4.44M	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$1.78M	USD	Point-in-time
Accounts Receivable, Net, Current	`AccountsReceivableNetCurrent`	$2.87M	USD	Point-in-time
Accounts Receivable, Interest	`AccountsReceivableInterest`	$51.92K	USD	Point-in-time
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$17.06K	USD	Point-in-time
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$2.40K	USD	Point-in-time
Assets, Current	`AssetsCurrent`	$1.22M	USD	Point-in-time
Assets, Current	`AssetsCurrent`	$4.72M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$257.10K	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$169.59K	USD	Point-in-time
Other Long-term Investments	`OtherLongTermInvestments`	$1.81M	USD	Point-in-time
Other Long-term Investments	`OtherLongTermInvestments`	$2.26M	USD	Point-in-time
Assets	`Assets`	$3.65M	USD	Point-in-time
Assets	`Assets`	$6.79M	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilities`	$3.44K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilities`	$2.82M	USD	Point-in-time
Liabilities, Current	`LiabilitiesCurrent`	$2.82M	USD	Point-in-time
Liabilities, Current	`LiabilitiesCurrent`	$3.44K	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$949.16K	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$949.16K	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	$5.73M	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	$5.73M	USD	Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-312.18K	USD	Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.95K	USD	Point-in-time
Retained Earnings (Accumulated Deficit)	`RetainedEarningsAccumulatedDeficit`	$-2.72M	USD	Point-in-time
Retained Earnings (Accumulated Deficit)	`RetainedEarningsAccumulatedDeficit`	$-2.73M	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.64M	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.97M	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	94.92M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	94.92M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	94.92M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	94.92M	shares	Point-in-time
Common Stock, Value, Outstanding	`CommonStockValueOutstanding`	$949.16K	USD	Point-in-time
Common Stock, Value, Outstanding	`CommonStockValueOutstanding`	$949.16K	USD	Point-in-time
Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$3.95M	USD	Point-in-time
Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$6.79M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Sales Revenue, Goods, Net	`SalesRevenueGoodsNet`	$12.32M	USD	Annual
Revenues	`Revenues`	$12.32M	USD	Annual
Cost of Goods Sold	`CostOfGoodsSold`	$12.03M	USD	Annual
Cost of Revenue	`CostOfRevenue`	$12.03M	USD	Annual
Gross Profit	`GrossProfit`	$289.19K	USD	Annual
Selling, General and Administrative Expense	`SellingGeneralAndAdministrativeExpense`	$789.67K	USD	Annual
Selling, General and Administrative Expense	`SellingGeneralAndAdministrativeExpense`	$823.45K	USD	Annual
Depreciation	`Depreciation`	$87.63K	USD	Annual
Depreciation	`Depreciation`	$84.23K	USD	Annual
Operating Expenses	`OperatingExpenses`	$877.30K	USD	Annual
Operating Expenses	`OperatingExpenses`	$907.68K	USD	Annual
Interest Income	`InvestmentIncomeInterest`	$149.19K	USD	Annual
Interest Income	`InvestmentIncomeInterest`	$102.75K	USD	Annual
Gain (Loss) on Exchange of Investments	`GainLossOnInvestments`	$769.75K	USD	Annual
Gain (Loss) on Impairment of Investment	`GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments`	$-771.65K	USD	Annual
Marketable Securities, Realized Gain (Loss)	`MarketableSecuritiesRealizedGainLoss`	$-211.71K	USD	Annual
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.45M	USD	Annual
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.80K	USD	Annual
Net Income (loss) Attributable to Parent	`NetIncomeLoss`	$-1.45M	USD	Annual
Net Income (loss) Attributable to Parent	`NetIncomeLoss`	$-4.80K	USD	Annual
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	94.92M	shares	Point-in-time
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	94.92M	shares	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-1.45M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-4.80K	USD	Annual
Foreign translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-10.97K	USD	Annual
Foreign translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-318.14K	USD	Annual
Comprehensive Income (loss)	`ComprehensiveIncomeNetOfTax`	$-322.94K	USD	Annual
Comprehensive Income (loss)	`ComprehensiveIncomeNetOfTax`	$-1.46M	USD	Annual

Cash Flow Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-4.80K	USD	Annual
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-1.45M	USD	Annual
Depreciation	`Depreciation`	$87.63K	USD	Annual
Depreciation	`Depreciation`	$84.23K	USD	Annual
Provision for Doubtful Accounts	`ProvisionForDoubtfulAccounts`	$182.52K	USD	Annual
Impairment loss on held to maturity investment	`ImpairmentOfInvestments`	$771.65K	USD	Annual
Gain (Loss) on Sale of available for sale securities	`GainLossOnSaleOfInvestments`	$211.71K	USD	Annual
Gain (Loss) on Exchange of Investments	`GainLossOnInvestments`	$769.75K	USD	Annual
Increase (Decrease) in Receivables	`IncreaseDecreaseInReceivables`	$-2.69M	USD	Annual
Increase (Decrease) in Receivables	`IncreaseDecreaseInReceivables`	$2.87M	USD	Annual
Increase (Decrease) in purchase advances	`IncreaseDecreaseInCustomerAdvances`	$1.00M	USD	Annual
Increase (Decrease) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$14.79K	USD	Annual
Increase (Decrease) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-12.61K	USD	Annual
Increase (Decrease) in interest receivable on convertible debenture	`IncreaseDecreaseInInterestAndDividendsReceivable`	$51.95K	USD	Annual
Increase (Decrease) in Accounts Payable and Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.20M	USD	Annual
Increase (Decrease) in Accounts Payable and Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.82M	USD	Annual
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$305.31K	USD	Annual
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-564.17K	USD	Annual
Payments to Acquire Property, Plant, and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-165.98K	USD	Annual
Payments to Acquire Property, Plant, and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-68.00	USD	Annual
Payments to Acquire Available-for-sale Securities	`PaymentsToAcquireAvailableForSaleSecurities`	$-2.58M	USD	Annual
Proceeds from Sale of Available for Sale of Securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$2.76M	USD	Annual
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-68.00	USD	Annual
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.96M	USD	Annual
Effect of exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-8.67K	USD	Annual
Effect of exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-519.00	USD	Annual
Cash and Cash Equivalents, Period Increase (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-564.76K	USD	Annual
Cash and Cash Equivalents, Period Increase (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.66M	USD	Annual
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$1.22M	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$4.44M	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$1.78M	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$1.22M	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$4.44M	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$1.78M	USD	Point-in-time
Covertible note receivable exchange for gold	`CovertibleNoteReceivableExchangeForGold`	$2.59M	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance, Value	`StockholdersEquity`	$3.64M	USD	Point-in-time
Balance, Value	`StockholdersEquity`	-	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$5.43M	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$3.97M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-1.45M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-4.80K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-318.14K	USD	Annual
Cumulative foreign currency translation adjustment	`CumulativeForeignCurrencyTranslationAdjustment`	$-10.97K	USD	Annual
Balance, Value	`StockholdersEquity`	$3.64M	USD	Point-in-time
Balance, Value	`StockholdersEquity`	-	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$5.43M	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$3.97M	USD	Point-in-time

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