10-Q Filing

AIXIN LIFE INTERNATIONAL, INC. CIK: 835662 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-010374`
Period End Date	20180331
Filing Date	20180724
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	aixn-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 38 Cash Flow Statement 54

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
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.63K	USD	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.16K	USD	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.67K	USD	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	$119.42K	USD	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.54K	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
Other receivables and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$22.02K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Other receivables and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$26.91K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	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`	$4.41K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	950.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	317.99M	shares	Point-in-time
Deferred commission	`DeferredCostsCurrent`	$422.59K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	317.99M	shares	Point-in-time
Deferred commission	`DeferredCostsCurrent`	$422.54K	USD	Point-in-time
Deferred travel cost	`DeferredTravelCostCurrent`	$277.26K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	317.99M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	317.99M	shares	Point-in-time
Deferred travel cost	`DeferredTravelCostCurrent`	$274.55K	USD	Point-in-time
Inventory	`InventoryNet`	$16.10K	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`	$798.21K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.74M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.72M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.72M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.74M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.56M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.53M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.03K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$59.87K	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$2.69M	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$2.70M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$1.29M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$1.34M	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$807.72K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$603.95K	USD	Point-in-time
Advance from shareholder	`DueToOfficersOrStockholdersCurrent`	$1.22M	USD	Point-in-time
Advance from shareholder	`DueToOfficersOrStockholdersCurrent`	$988.38K	USD	Point-in-time
TOTAL LIABILITIES	`LiabilitiesCurrent`	$6.13M	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 shares issued and outstanding	`CommonStockValue`	$3.18K	USD	Point-in-time
Common stock, par value $0.00001 per share, 950,000,000 shares authorized; 317,988,089 shares issued and outstanding	`CommonStockValue`	$3.18K	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$3.37M	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`	$-6.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.39M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-70.15K	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-173.40K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-3.59M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-3.07M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$2.56M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$2.53M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$431.08K	USD	1 Quarter
Net sales	`Revenues`	$104.55K	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$40.36K	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$181.54K	USD	1 Quarter
Gross profit	`GrossProfit`	$64.19K	USD	1 Quarter
Gross profit	`GrossProfit`	$249.53K	USD	1 Quarter
Selling	`SellingExpense`	$255.08K	USD	1 Quarter
Selling	`SellingExpense`	$128.79K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$347.95K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$213.48K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$4.99K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$27.70K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$481.73K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$496.26K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-246.73K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-417.54K	USD	1 Quarter
Financial expense	`FinancialExpense`	$-92.00	USD	1 Quarter
Financial expense	`FinancialExpense`	$-250.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$16.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$11.73K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$172.00	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$13.64K	USD	1 Quarter
Total non-operating expenses, net	`NonoperatingIncomeExpense`	$-406.00	USD	1 Quarter
Total non-operating expenses, net	`NonoperatingIncomeExpense`	$-2.00K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-417.95K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-248.73K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$745.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-417.95K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-249.47K	USD	1 Quarter
Foreign currency translation (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-103.24K	USD	1 Quarter
Foreign currency translation (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-13.25K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-262.72K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-521.19K	USD	1 Quarter
Loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	317.99M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	272.76M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-417.95K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-249.47K	USD	1 Quarter
Depreciation	`Depreciation`	$43.05K	USD	1 Quarter
Depreciation	`Depreciation`	$53.17K	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$4.99K	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$27.70K	USD	1 Quarter
Impairment of inventory	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment of inventory	`AssetImpairmentCharges`	$-15.38K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.60K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.81K	USD	1 Quarter
Other receivables and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.07K	USD	1 Quarter
Other receivables and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.17K	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseInDueToRelatedParties`	$-1.87K	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseInDueToRelatedParties`	$77.34K	USD	1 Quarter
Deferred commission	`IncreaseDecreaseInDeferredCharges`	$-5.42K	USD	1 Quarter
Deferred commission	`IncreaseDecreaseInDeferredCharges`	$-14.69K	USD	1 Quarter
Deferred travel cost	`IncreaseDecreaseInDeferredTravelCost`	$-12.28K	USD	1 Quarter
Deferred travel cost	`IncreaseDecreaseInDeferredTravelCost`	$51.06K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-49.51K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$41.08K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-189.00	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$80.94K	USD	1 Quarter
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$-19.20K	USD	1 Quarter
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$-87.72K	USD	1 Quarter
Taxes payable	`IncreaseDecreaseInIncomeTaxes`	$25.25K	USD	1 Quarter
Taxes payable	`IncreaseDecreaseInIncomeTaxes`	$3.96K	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$180.95K	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$130.78K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-208.96K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$48.22K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.12K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.12K	USD	1 Quarter
Advance from shareholder	`ProceedsFromRelatedPartyDebt`	$204.31K	USD	1 Quarter
Advance from shareholder	`ProceedsFromRelatedPartyDebt`	$44.51K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$204.31K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$44.51K	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalents`	$154.00	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.18K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH & EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.47K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH & EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$89.76K	USD	1 Quarter
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$37.63K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$34.16K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$29.67K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$119.42K	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$37.63K	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$34.16K	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$29.67K	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$119.42K	USD	Point-in-time
Income tax paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income tax paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter

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