10-K Filing

AIXIN LIFE INTERNATIONAL, INC. CIK: 835662 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001493152-18-009221`
Period End Date	20171231
Filing Date	20180626
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	aixn-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 42 Cash Flow Statement 58 Stockholders Equity 13

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Undesignated preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Undesignated preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Undesignated preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Undesignated preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.42K	USD	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.67K	USD	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.63K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$32.36K	USD	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$175.26K	USD	Point-in-time
Other receivables and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$22.02K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Other receivables and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$3.78K	USD	Point-in-time
Advances to suppliers	`Supplies`	$2.44K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	950.00M	shares	Point-in-time
Advances to suppliers	`Supplies`	$105.45K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	950.00M	shares	Point-in-time
Deferred commission	`DeferredCostsCurrent`	$335.11K	USD	Point-in-time
Deferred commission	`DeferredCostsCurrent`	$422.59K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	272.76M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	317.99M	shares	Point-in-time
Deferred travel cost	`DeferredTravelCostCurrent`	$277.26K	USD	Point-in-time
Deferred travel cost	`DeferredTravelCostCurrent`	$176.19K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	317.99M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	272.76M	shares	Point-in-time
Inventory	`InventoryNet`	$46.57K	USD	Point-in-time
Inventory	`InventoryNet`	$48.90K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$843.21K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$872.03K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.72M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.82M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$2.82M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.72M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.56M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$35.19K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.03K	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$2.07M	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$2.69M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$1.29M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$1.19M	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$314.48K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$603.95K	USD	Point-in-time
Advance from shareholder	`DueToOfficersOrStockholdersCurrent`	$2.10M	USD	Point-in-time
Advance from shareholder	`DueToOfficersOrStockholdersCurrent`	$988.38K	USD	Point-in-time
TOTAL LIABILITIES	`LiabilitiesCurrent`	$5.70M	USD	Point-in-time
TOTAL LIABILITIES	`LiabilitiesCurrent`	$5.63M	USD	Point-in-time
Undesignated preferred stock, $0.001 par value, 20,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Undesignated preferred stock, $0.001 par value, 20,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.00001 per share, 950,000,000 shares authorized; 317,988,089 and 272,764,004 shares issued and outstanding as of December 31, 2017 and 2016, respectively	`CommonStockValue`	$3.18K	USD	Point-in-time
Common stock, par value $0.00001 per share, 950,000,000 shares authorized; 317,988,089 and 272,764,004 shares issued and outstanding as of December 31, 2017 and 2016, respectively	`CommonStockValue`	$2.73K	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$13.67K	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$3.37M	USD	Point-in-time
Statutory reserve	`StatutoryReserves`	$11.72K	USD	Point-in-time
Statutory reserve	`StatutoryReserves`	$11.72K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.13M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-70.15K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$88.02K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-2.02M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-3.07M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-25.13K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$3.69M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$2.56M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$688.10K	USD	Annual
Net sales	`Revenues`	$3.08M	USD	Annual
Cost of Revenue	`CostOfRevenue`	$1.35M	USD	Annual
Cost of Revenue	`CostOfRevenue`	$258.04K	USD	Annual
Gross profit	`GrossProfit`	$1.73M	USD	Annual
Gross profit	`GrossProfit`	$430.06K	USD	Annual
Selling expenses	`SellingExpense`	$698.33K	USD	Annual
Selling expenses	`SellingExpense`	$1.15M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.64M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.82M	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$13.88K	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$7.02K	USD	Annual
Asset impairment loss	`AssetImpairmentCharges`	$14.47K	USD	Annual
Asset impairment loss	`AssetImpairmentCharges`	-	USD	Annual
Total operating expenses	`OperatingExpenses`	$5.55M	USD	Annual
Total operating expenses	`OperatingExpenses`	$3.80M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-2.07M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-5.12M	USD	Annual
Financial expense	`FinancialExpense`	$-669.00	USD	Annual
Financial expense	`FinancialExpense`	$-761.00	USD	Annual
Gain from disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$863.37K	USD	Annual
Gain from disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Other income	`OtherNonoperatingIncome`	$35.87K	USD	Annual
Other income	`OtherNonoperatingIncome`	$51.45K	USD	Annual
Other expense	`OtherNonoperatingExpense`	$36.42K	USD	Annual
Other expense	`OtherNonoperatingExpense`	$61.07K	USD	Annual
Total non-operating income (expenses), net	`NonoperatingIncomeExpense`	$-10.30K	USD	Annual
Total non-operating income (expenses), net	`NonoperatingIncomeExpense`	$862.06K	USD	Annual
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.08M	USD	Annual
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.26M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-2.08M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.26M	USD	Annual
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$89.98K	USD	Annual
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-158.17K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.99M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.41M	USD	Annual
Loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	275.24M	shares	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	272.76M	shares	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.08M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.26M	USD	Annual
Depreciation	`Depreciation`	$211.11K	USD	Annual
Depreciation	`Depreciation`	$196.66K	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$13.88K	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$7.02K	USD	Annual
Impairment of inventory	`AssetImpairmentCharges`	$14.47K	USD	Annual
Impairment of inventory	`AssetImpairmentCharges`	-	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$3.62M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	-	USD	Annual
Capital gain from disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$863.37K	USD	Annual
Capital gain from disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-134.85K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$135.37K	USD	Annual
Other receivables and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.01K	USD	Annual
Other receivables and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$17.32K	USD	Annual
Advances to suppliers	`IncreaseDecreaseInDueToRelatedParties`	$156.92K	USD	Annual
Advances to suppliers	`IncreaseDecreaseInDueToRelatedParties`	$105.90K	USD	Annual
Deferred commission	`IncreaseDecreaseInDeferredCharges`	$131.13K	USD	Annual
Deferred commission	`IncreaseDecreaseInDeferredCharges`	$62.89K	USD	Annual
Deferred travel cost	`IncreaseDecreaseInDeferredTravelCost`	$86.09K	USD	Annual
Deferred travel cost	`IncreaseDecreaseInDeferredTravelCost`	$28.04K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$13.75K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-148.02K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$24.79K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$19.74K	USD	Annual
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$-47.78K	USD	Annual
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$470.03K	USD	Annual
Taxes payable	`IncreaseDecreaseInIncomeTaxes`	$655.96K	USD	Annual
Taxes payable	`IncreaseDecreaseInIncomeTaxes`	$17.91K	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$248.05K	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$249.83K	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-459.21K	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-971.90K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.77K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$272.47K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.77K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-272.47K	USD	Annual
Advance from shareholder	`ProceedsFromRelatedPartyDebt`	$1.23M	USD	Annual
Advance from shareholder	`ProceedsFromRelatedPartyDebt`	$473.10K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.23M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$473.10K	USD	Annual
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.85K	USD	Annual
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.31K	USD	Annual
NET INCREASE (DECREASE) IN CASH & EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.75K	USD	Annual
NET INCREASE (DECREASE) IN CASH & EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.96K	USD	Annual
CASH & EQUIVALENTS, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$44.42K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$29.67K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$37.63K	USD	Point-in-time
CASH & EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$44.42K	USD	Point-in-time
CASH & EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$29.67K	USD	Point-in-time
CASH & EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$37.63K	USD	Point-in-time
Income tax paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income tax paid	`IncomeTaxesPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual
Proceeds from disposal of fixed assets as repayment for advance from shareholder	`ProceedsFromDisposalOfFixedAssetsAsRepaymentForAdvanceFromShareholder`	$1.91M	USD	Annual
Proceeds from disposal of fixed assets as repayment for advance from shareholder	`ProceedsFromDisposalOfFixedAssetsAsRepaymentForAdvanceFromShareholder`	-	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-2.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$-25.13K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-2.08M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.26M	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$89.98K	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-158.17K	USD	Annual
Recapitalization upon reverse merger	`RecapitalizationUponReverseMerger`	$-259.29K	USD	Annual
Stocks to be issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$3.62M	USD	Annual
Stocks to be issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	45.22M	shares	Annual
Balance	`StockholdersEquity`	$-2.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$-25.13K	USD	Point-in-time

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