10-K Filing

SCIENTIFIC ENERGY, INC CIK: 1276531 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001376474-22-000215`
Period End Date	20211231
Filing Date	20220415
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	scgy-20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 93 Income Statement 36 Cash Flow Statement 74 Stockholders Equity 12

Balance Sheet 93 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.92M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.47K	USD	Point-in-time
Loan receivables	`NotesAndLoansReceivableNetCurrent`	$997.92K	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
Loan receivables	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Account receivables	`AccountsReceivableNetCurrent`	$842.92K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	114.92M	shares	Point-in-time
Account receivables	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	263.34M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	114.92M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	263.34M	shares	Point-in-time
Other receivables	`OtherReceivables`	-	USD	Point-in-time
Other receivables	`OtherReceivables`	$66.39K	USD	Point-in-time
Amount due from related companies	`DueFromRelatedParties`	-	USD	Point-in-time
Amount due from related companies	`DueFromRelatedParties`	$1.38M	USD	Point-in-time
Amount due from joint venture	`DueFromJointVentures`	-	USD	Point-in-time
Amount due from joint venture	`DueFromJointVentures`	$24.68K	USD	Point-in-time
Amount due from shareholder	`DueFromAffiliateCurrent`	$942.27K	USD	Point-in-time
Amount due from shareholder	`DueFromAffiliateCurrent`	-	USD	Point-in-time
Inventories	`InventoryNet`	$255.29K	USD	Point-in-time
Inventories	`InventoryNet`	-	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$369.37K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.47K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentGross`	$77.01K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentGross`	$854.00	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	-	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$1.23M	USD	Point-in-time
Goodwill	`Goodwill`	$71.66M	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Operating lease right to use assets	`OtherAssetsNoncurrent`	$586.92K	USD	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`	$525.97K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$74.08M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$66.38K	USD	Point-in-time
Total assets	`Assets`	$80.85K	USD	Point-in-time
Total assets	`Assets`	$83.88M	USD	Point-in-time
Accounts payables	`AccountsPayableCurrent`	$1.16M	USD	Point-in-time
Accounts payables	`AccountsPayableCurrent`	$6.20M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.86M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Amount due to related company	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Amount due to related company	`DueToRelatedPartiesCurrent`	$20.00K	USD	Point-in-time
Deposits received	`DeferredTaxLiabilitiesPrepaidExpenses`	-	USD	Point-in-time
Deposits received	`DeferredTaxLiabilitiesPrepaidExpenses`	$1.34M	USD	Point-in-time
Other payables	`OtherPayable`	-	USD	Point-in-time
Other payables	`OtherPayable`	$1.22M	USD	Point-in-time
Bank loans	`BankLoans`	$566.05K	USD	Point-in-time
Bank loans	`BankLoans`	-	USD	Point-in-time
Operating lease liabilities	`OtherLiabilitiesCurrent`	$50.79K	USD	Point-in-time
Operating lease liabilities	`OtherLiabilitiesCurrent`	$400.01K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$233.94K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	-	USD	Point-in-time
Stock subscription payables	`ShortTermNonBankLoansAndNotesPayable`	$1.04M	USD	Point-in-time
Stock subscription payables	`ShortTermNonBankLoansAndNotesPayable`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.49M	USD	Point-in-time
Bank loans	`LongTermLoansFromBank`	-	USD	Point-in-time
Bank loans	`LongTermLoansFromBank`	$481.36K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiability`	-	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiability`	$186.91K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$668.27K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.27M	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 17)	`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`	$2.63M	USD	Point-in-time
Common Stock, Value	`CommonStockValue`	$1.15M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$78.46M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.27M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.10K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-114.16K	USD	Point-in-time
Total stockholders' surplus / (deficit)	`StockholdersEquity`	$-2.41M	USD	Point-in-time
Total stockholders' surplus / (deficit)	`StockholdersEquity`	$70.71M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-104.42K	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	-	USD	Point-in-time
Total liabilities and stockholders' surplus	`LiabilitiesAndStockholdersEquity`	$83.88M	USD	Point-in-time
Total liabilities and stockholders' surplus	`LiabilitiesAndStockholdersEquity`	$80.85K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	-	USD	Annual
REVENUE	`Revenues`	$10.05M	USD	Annual
COST OF REVENUE	`CostOfRevenue`	$7.66M	USD	Annual
COST OF REVENUE	`CostOfRevenue`	-	USD	Annual
GROSS PROFIT	`GrossProfit`	-	USD	Annual
GROSS PROFIT	`GrossProfit`	$2.39M	USD	Annual
Selling, general and administrative expenses	`GeneralAndAdministrativeExpense`	$3.28M	USD	Annual
Selling, general and administrative expenses	`GeneralAndAdministrativeExpense`	$471.98K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$980.00	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$67.62K	USD	Annual
Total operating expenses	`OperatingExpenses`	$3.34M	USD	Annual
Total operating expenses	`OperatingExpenses`	$472.96K	USD	Annual
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-472.96K	USD	Annual
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-959.00K	USD	Annual
Sundry (expense) income, net	`OtherIncome`	$22.65K	USD	Annual
Sundry (expense) income, net	`OtherIncome`	$2.00	USD	Annual
Interest (expense) income, net	`InterestIncomeExpenseNonoperatingNet`	$-29.08K	USD	Annual
Interest (expense) income, net	`InterestIncomeExpenseNonoperatingNet`	$-11.20K	USD	Annual
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-461.52K	USD	Annual
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-988.08K	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-988.08K	USD	Annual
NET LOSS	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-461.52K	USD	Annual
Net income (loss) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-20.40K	USD	Annual
Net income (loss) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Net income attributable to Scientific Energy, Inc	`NetIncomeLoss`	$-461.52K	USD	Annual
Net income attributable to Scientific Energy, Inc	`NetIncomeLoss`	$-967.68K	USD	Annual
Foreign translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-122.26K	USD	Annual
Foreign translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$1.73K	USD	Annual
Comprehensive loss	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-1.09M	USD	Annual
Comprehensive loss	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-459.79K	USD	Annual
Net loss per common share, basic and diluted	`NetLossPerCommonShareBasicAndDiluted`	$-0.01	USD	Annual
Net loss per common share, basic and diluted	`NetLossPerCommonShareBasicAndDiluted`	$-0.00	USD	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	184.18M	shares	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	114.92M	shares	Annual

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-461.52K	USD	Annual
Net loss	`ProfitLoss`	$-967.68K	USD	Annual
Depreciation	`Depreciation`	$10.92K	USD	Annual
Depreciation	`Depreciation`	$980.00	USD	Annual
Amortization	`AdjustmentForAmortization`	$56.70K	USD	Annual
Amortization	`AdjustmentForAmortization`	-	USD	Annual
Loss on disposal of property and equipment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	-	USD	Annual
Loss on disposal of property and equipment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$-1.12K	USD	Annual
Account receivables	`IncreaseDecreaseInAccountsReceivable`	$135.40K	USD	Annual
Account receivables	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Amount due from related companies	`IncreaseDecreaseInDueFromRelatedParties`	-	USD	Annual
Amount due from related companies	`IncreaseDecreaseInDueFromRelatedParties`	$19.45K	USD	Annual
Amount due from joint venture	`IncreaseDecreaseInDueFromAffiliatesCurrent`	-	USD	Annual
Amount due from joint venture	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$24.68K	USD	Annual
Amount due from shareholder	`IncreaseDecreaseDueFromOtherRelatedParties`	-	USD	Annual
Amount due from shareholder	`IncreaseDecreaseDueFromOtherRelatedParties`	$998.39K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	-	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$44.31K	USD	Annual
Deposits	`Deposits1`	$-5.53K	USD	Annual
Deposits	`Deposits1`	$-42.61K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-149.06K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.80K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-558.27K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$654.42K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	Annual
Amount due to related company	`IncreaseDecreaseInDueToRelatedParties`	-	USD	Annual
Amount due to related company	`IncreaseDecreaseInDueToRelatedParties`	$20.00K	USD	Annual
Deposits received	`IncreaseDecreaseInDeposits`	-	USD	Annual
Deposits received	`IncreaseDecreaseInDeposits`	$-215.36K	USD	Annual
Other payable	`IncreaseDecreaseInOtherAccountsPayable`	$-3.55M	USD	Annual
Other payable	`IncreaseDecreaseInOtherAccountsPayable`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.52K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.36M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-447.68K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.82M	USD	Annual
Net cash inflow from acquisition of subsidiaries	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	-	USD	Annual
Net cash inflow from acquisition of subsidiaries	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	$287.42K	USD	Annual
Loan to joint venture	`IncreaseDecreaseInOtherLoans`	-	USD	Annual
Loan to joint venture	`IncreaseDecreaseInOtherLoans`	$997.92K	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.45K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-732.95K	USD	Annual
Proceeds from issuance of share capital	`ProceedsFromIssuanceOfCommonStock`	$12.97M	USD	Annual
Proceeds from issuance of share capital	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Repayment of bank borrowings	`RepaymentsOfOtherDebt`	$29.39K	USD	Annual
Repayment of bank borrowings	`RepaymentsOfOtherDebt`	-	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable1`	$243.66K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable1`	$-10.94K	USD	Annual
Proceeds from subscription received	`ProceedsFromOtherDebt`	$-1.04M	USD	Annual
Proceeds from subscription received	`ProceedsFromOtherDebt`	$364.86K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.65M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$375.79K	USD	Annual
Effect of currency rate changes on cash	`EffectOfCurrencyRateChangesOnCash`	$1.73K	USD	Annual
Effect of currency rate changes on cash	`EffectOfCurrencyRateChangesOnCash`	$-192.53K	USD	Annual
Net increase / (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.91M	USD	Annual
Net increase / (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-70.16K	USD	Annual
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.63K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.47K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.63K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.47K	USD	Point-in-time
Interest paid, net	`InterestPaid`	$11.20K	USD	Annual
Interest paid, net	`InterestPaid`	$29.08K	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`	$586.92K	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`	$586.92K	USD	Annual
Record lease liabilities upon adoption of ASC 842	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$50.79K	USD	Annual
Issuance of shares in connection with acquisition of subsidiaries	`LiabilitiesAssumed1`	$65.58M	USD	Annual
Issuance of shares in connection with acquisition of subsidiaries	`LiabilitiesAssumed1`	-	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Equity Balance, Starting	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$70.61M	USD	Point-in-time
Equity Balance, Starting	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.41M	USD	Point-in-time
Equity Balance, Starting	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.95M	USD	Point-in-time
Foreign currency transaction income	`StockholdersEquityOther`	$1.73K	USD	Annual
Foreign currency transaction income	`StockholdersEquityOther`	$-122.26K	USD	Annual
Net Income (Loss)	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-988.08K	USD	Annual
Net Income (Loss)	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-461.52K	USD	Annual
Equity Balance, Ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$70.61M	USD	Point-in-time
Equity Balance, Ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.41M	USD	Point-in-time
Equity Balance, Ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.95M	USD	Point-in-time
Stock Issued During Period, Value, Acquisitions	`StockIssuedDuringPeriodValueAcquisitions`	$65.58M	USD	Annual
Stock Issued During Period, Value, New Issues	`StockIssuedDuringPeriodValueNewIssues`	$8.54M	USD	Annual

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