10-K Filing

SCIENTIFIC ENERGY, INC CIK: 1276531 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001276531-21-000003`
Period End Date	20201231
Filing Date	20210415
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	scgy-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 34 Cash Flow Statement 44 Stockholders Equity 10

Balance Sheet 59 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.63K	USD	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.47K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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
Prepaid expense and other receivables	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.47K	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
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentGross`	$1.83K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	114.92M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	114.92M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentGross`	$854.00	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	114.92M	shares	Point-in-time
Operating lease right to use assets	`OtherAssetsNoncurrent`	$13.72K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	114.92M	shares	Point-in-time
Operating lease right to use assets	`OtherAssetsNoncurrent`	$50.79K	USD	Point-in-time
Deposits	`PrepaidExpenseNoncurrent`	$14.74K	USD	Point-in-time
Deposits	`PrepaidExpenseNoncurrent`	$20.28K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$66.38K	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`	$80.85K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.16M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.16M	USD	Point-in-time
Operating lease liabilities	`OtherLiabilitiesCurrent`	$13.72K	USD	Point-in-time
Operating lease liabilities	`OtherLiabilitiesCurrent`	$50.79K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$223.00K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$233.94K	USD	Point-in-time
Stock subscription payables	`ShortTermNonBankLoansAndNotesPayable`	$1.04M	USD	Point-in-time
Stock subscription payables	`ShortTermNonBankLoansAndNotesPayable`	$676.68K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.07M	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`	$-8.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.30M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.10K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.37K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.95M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.41M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$80.85K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$123.26K	USD	Point-in-time

Income Statement 34 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`	$471.98K	USD	Annual
Selling, general and administrative expenses	`GeneralAndAdministrativeExpense`	$522.83K	USD	Annual
Depreciation	`DepreciationNonproduction`	$775.00	USD	Annual
Depreciation	`DepreciationNonproduction`	$980.00	USD	Annual
Total operating expenses	`OperatingExpenses`	$523.61K	USD	Annual
Total operating expenses	`OperatingExpenses`	$472.96K	USD	Annual
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-472.96K	USD	Annual
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-523.61K	USD	Annual
Sundry (expense) income, net	`OtherIncome`	-	USD	Annual
Sundry (expense) income, net	`OtherIncome`	$22.65K	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`	$-11.20K	USD	Annual
Interest (expense) income, net	`InterestIncomeExpenseNonoperatingNet`	$-7.87K	USD	Annual
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-544.31K	USD	Annual
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-461.52K	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-461.52K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-544.31K	USD	Annual
Foreign translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$1.73K	USD	Annual
Foreign translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$13.65K	USD	Annual
Comprehensive loss	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-530.66K	USD	Annual
Comprehensive loss	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-459.79K	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`	$-461.52K	USD	Annual
Depreciation	`Depreciation`	$980.00	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	`Deposits1`	$-5.53K	USD	Annual
Deposits	`Deposits1`	$12.00	USD	Annual
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.29K	USD	Annual
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.80K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.86K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.52K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-447.68K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-520.56K	USD	Annual
Investments in unconsolidated entities	`PaymentsToAcquireOtherProductiveAssets`	$12.84K	USD	Annual
Investments in unconsolidated entities	`PaymentsToAcquireOtherProductiveAssets`	-	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.35K	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.19K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$10.94K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$123.00K	USD	Annual
Proceeds from subscription received	`ProceedsFromOtherDebt`	$329.68K	USD	Annual
Proceeds from subscription received	`ProceedsFromOtherDebt`	$364.86K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$375.79K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$452.68K	USD	Annual
Effect of currency rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$13.65K	USD	Annual
Effect of currency rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.73K	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-70.16K	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-68.41K	USD	Annual
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`	$153.04K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	`CashAndCashEquivalentsAtCarryingValue`	$14.47K	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`	$153.04K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value, Ending Balance	`CashAndCashEquivalentsAtCarryingValue`	$14.47K	USD	Point-in-time
Interest paid, net	`InterestPaid`	$7.87K	USD	Annual
Interest paid, net	`InterestPaid`	$11.20K	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`	$13.72K	USD	Annual
Record right to use assets upon adoption of ASC 842	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$50.79K	USD	Annual
Record lease liabilities upon adoption of ASC 842	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$50.79K	USD	Annual
Record lease liabilities upon adoption of ASC 842	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$13.72K	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Equity Balance, Starting	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.95M	USD	Point-in-time
Equity Balance, Starting	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.42M	USD	Point-in-time
Equity Balance, Starting	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.41M	USD	Point-in-time
Foreign currency transaction income	`StockholdersEquityOther`	$13.65K	USD	Annual
Foreign currency transaction income	`StockholdersEquityOther`	$1.73K	USD	Annual
Net Income (Loss)	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-544.31K	USD	Annual
Net Income (Loss)	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-461.52K	USD	Annual
Equity Balance, Ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.95M	USD	Point-in-time
Equity Balance, Ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.42M	USD	Point-in-time
Equity Balance, Ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.41M	USD	Point-in-time

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