10-K/A Filing

SCIENTIFIC ENERGY, INC CIK: 1276531 FY 2019

Filing Information

Form Type	10-K/A
Accession Number	`0001276531-20-000009`
Period End Date	20191231
Filing Date	20200521
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	scgy-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 32 Cash Flow Statement 44 Stockholders Equity 10

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`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
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$153.04K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.63K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.20K	USD	Point-in-time
Prepaid expense and other receivables	`PrepaidExpenseCurrent`	$2.80K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expense and other receivables	`PrepaidExpenseCurrent`	$7.09K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$87.43K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$160.13K	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
Joint venture	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	-	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	114.92M	shares	Point-in-time
Joint venture	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	-	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	114.92M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentGross`	$1.26K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentGross`	$1.83K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	114.92M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	114.92M	shares	Point-in-time
Right to use assets, net	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Right to use assets, net	`OtherAssetsNoncurrent`	$13.72K	USD	Point-in-time
Deposits	`PrepaidExpenseNoncurrent`	$20.28K	USD	Point-in-time
Deposits	`PrepaidExpenseNoncurrent`	$20.26K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$21.53K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$35.83K	USD	Point-in-time
Total assets	`Assets`	$123.26K	USD	Point-in-time
Total assets	`Assets`	$181.66K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.16M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.15M	USD	Point-in-time
Lease liability	`OtherLiabilitiesCurrent`	$13.72K	USD	Point-in-time
Lease liability	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$100.00K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$223.00K	USD	Point-in-time
Stock subscription payables	`ShortTermNonBankLoansAndNotesPayable`	$347.00K	USD	Point-in-time
Stock subscription payables	`ShortTermNonBankLoansAndNotesPayable`	$676.68K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.60M	USD	Point-in-time
Commitments and Contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, Value	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, Value	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, Value	`CommonStockValue`	$1.15M	USD	Point-in-time
Common Stock, Value	`CommonStockValue`	$1.15M	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`	$-8.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.84M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.28K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.37K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.42M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.95M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$123.26K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$181.66K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	-	USD	Annual
REVENUE	`Revenues`	-	USD	Annual
COST OF REVENUE	`CostOfRevenue`	-	USD	Annual
COST OF REVENUE	`CostOfRevenue`	-	USD	Annual
GROSS PROFIT	`GrossProfit`	-	USD	Annual
GROSS PROFIT	`GrossProfit`	-	USD	Annual
Selling, general and administrative expenses	`GeneralAndAdministrativeExpense`	$341.05K	USD	Annual
Selling, general and administrative expenses	`GeneralAndAdministrativeExpense`	$522.83K	USD	Annual
Depreciation	`DepreciationNonproduction`	$775.00	USD	Annual
Depreciation	`DepreciationNonproduction`	$332.00	USD	Annual
Total operating expenses	`OperatingExpenses`	$341.38K	USD	Annual
Total operating expenses	`OperatingExpenses`	$523.61K	USD	Annual
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-523.61K	USD	Annual
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-341.38K	USD	Annual
Share of (expense) income from unconsolidated entities	`IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary`	$-12.84K	USD	Annual
Share of (expense) income from unconsolidated entities	`IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary`	-	USD	Annual
Interest (expense) income, net	`InterestIncomeExpenseNonoperatingNet`	$-1.52K	USD	Annual
Interest (expense) income, net	`InterestIncomeExpenseNonoperatingNet`	$-7.87K	USD	Annual
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-342.90K	USD	Annual
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-544.31K	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-544.31K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-342.90K	USD	Annual
Foreign translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$13.65K	USD	Annual
Foreign translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-1.24K	USD	Annual
Comprehensive loss	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-344.14K	USD	Annual
Comprehensive loss	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-530.66K	USD	Annual
Net loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Net loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	114.92M	shares	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	114.92M	shares	Annual

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-544.31K	USD	Annual
Net loss	`ProfitLoss`	$-342.90K	USD	Annual
Depreciation	`Depreciation`	$332.00	USD	Annual
Depreciation	`Depreciation`	$775.00	USD	Annual
Share of expense from unconsolidated entities	`IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary`	$-12.84K	USD	Annual
Share of expense from unconsolidated entities	`IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary`	-	USD	Annual
Deposits	`PaymentsForDeposits`	$5.60K	USD	Annual
Deposits	`PaymentsForDeposits`	$12.00	USD	Annual
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.29K	USD	Annual
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-575.00	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.23K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.86K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-520.56K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-345.37K	USD	Annual
Investments in unconsolidated entities	`PaymentsToAcquireOtherProductiveAssets`	-	USD	Annual
Investments in unconsolidated entities	`PaymentsToAcquireOtherProductiveAssets`	$12.84K	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.59K	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.35K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.19K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.59K	USD	Annual
Proceeds from note payable	`ProceedsFromNotesPayable`	$123.00K	USD	Annual
Proceeds from note payable	`ProceedsFromNotesPayable`	$100.00K	USD	Annual
Proceeds from subscription received	`ProceedsFromOtherDebt`	$329.68K	USD	Annual
Proceeds from subscription received	`ProceedsFromOtherDebt`	$347.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$447.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$452.68K	USD	Annual
Effect of currency rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.19K	USD	Annual
Effect of currency rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$13.65K	USD	Annual
Net (decrease) / increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-68.41K	USD	Annual
Net (decrease) / increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$98.84K	USD	Annual
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	`CashAndCashEquivalentsAtCarryingValue`	$153.04K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	`CashAndCashEquivalentsAtCarryingValue`	$84.63K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	`CashAndCashEquivalentsAtCarryingValue`	$54.20K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value, Ending Balance	`CashAndCashEquivalentsAtCarryingValue`	$153.04K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value, Ending Balance	`CashAndCashEquivalentsAtCarryingValue`	$84.63K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value, Ending Balance	`CashAndCashEquivalentsAtCarryingValue`	$54.20K	USD	Point-in-time
Interest paid / (received), net	`InterestPaid`	$7.87K	USD	Annual
Interest paid / (received), net	`InterestPaid`	$1.52K	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Record right to use assets upon adoption of ASC 842	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	-	USD	Annual
Record right to use assets upon adoption of ASC 842	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$13.72K	USD	Annual
Record lease liabilities upon adoption of ASC 842	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$13.72K	USD	Annual
Record lease liabilities upon adoption of ASC 842	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Equity Balance, Starting	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.42M	USD	Point-in-time
Equity Balance, Starting	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.95M	USD	Point-in-time
Equity Balance, Starting	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.08M	USD	Point-in-time
Foreign currency transaction income (loss)	`StockholdersEquityOther`	$13.65K	USD	Annual
Foreign currency transaction income (loss)	`StockholdersEquityOther`	$-1.24K	USD	Annual
Net Income (Loss)	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-342.90K	USD	Annual
Net Income (Loss)	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-531.47K	USD	Annual
Equity Balance, Ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.42M	USD	Point-in-time
Equity Balance, Ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.95M	USD	Point-in-time
Equity Balance, Ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.08M	USD	Point-in-time

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