10-Q Filing

AIXIN LIFE INTERNATIONAL, INC. CIK: 835662 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-013364`
Period End Date	20180630
Filing Date	20180917
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	aixn-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 76 Cash Flow Statement 62

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
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.59K	USD	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.63K	USD	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.26K	USD	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.67K	USD	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$32.36K	USD	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.21K	USD	Point-in-time
Other receivables and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$26.84K	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`	$22.02K	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`	$1.17K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	950.00M	shares	Point-in-time
Deferred commission	`DeferredCostsCurrent`	$422.59K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	317.99M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	317.99M	shares	Point-in-time
Deferred commission	`DeferredCostsCurrent`	$397.81K	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`	$257.16K	USD	Point-in-time
Inventory	`InventoryNet`	$48.90K	USD	Point-in-time
Inventory	`InventoryNet`	$16.27K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$718.04K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$843.21K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.72M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.61M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.72M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.61M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.56M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$73.45K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.03K	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$2.69M	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$2.58M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$1.28M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$1.29M	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$782.67K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$603.95K	USD	Point-in-time
Advance from shareholder	`DueToOfficersOrStockholdersCurrent`	$988.38K	USD	Point-in-time
Advance from shareholder	`DueToOfficersOrStockholdersCurrent`	$1.24M	USD	Point-in-time
TOTAL LIABILITIES	`LiabilitiesCurrent`	$5.95M	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`	$3.51M	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`	$-7.16M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-70.15K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.46K	USD	Point-in-time
TOTAL STOCKHOLDERS' (DEFICIT)	`StockholdersEquity`	$-3.07M	USD	Point-in-time
TOTAL STOCKHOLDERS' (DEFICIT)	`StockholdersEquity`	$-3.63M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$2.56M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$2.33M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$93.81K	USD	1 Quarter
Net sales	`Revenues`	$145.16K	USD	2 Qtrs
Net sales	`Revenues`	$524.88K	USD	2 Qtrs
Net sales	`Revenues`	$40.61K	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$216.50K	USD	2 Qtrs
Cost of Revenue	`CostOfRevenue`	$64.57K	USD	2 Qtrs
Cost of Revenue	`CostOfRevenue`	$24.22K	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$34.95K	USD	1 Quarter
Gross profit	`GrossProfit`	$16.40K	USD	1 Quarter
Gross profit	`GrossProfit`	$58.85K	USD	1 Quarter
Gross profit	`GrossProfit`	$308.39K	USD	2 Qtrs
Gross profit	`GrossProfit`	$80.59K	USD	2 Qtrs
Selling	`SellingExpense`	$173.24K	USD	1 Quarter
Selling	`SellingExpense`	$428.32K	USD	2 Qtrs
Selling	`SellingExpense`	$126.26K	USD	1 Quarter
Selling	`SellingExpense`	$255.06K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$593.34K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$245.38K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$301.53K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$515.01K	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$10.03K	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$8.91K	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$3.93K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$-17.67K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$375.57K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$457.09K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$857.31K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$953.35K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-776.72K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-359.18K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-644.97K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-398.24K	USD	1 Quarter
Financial expense	`FinancialExpense`	$-362.00	USD	2 Qtrs
Financial expense	`FinancialExpense`	$-220.00	USD	1 Quarter
Financial expense	`FinancialExpense`	$-270.00	USD	1 Quarter
Financial expense	`FinancialExpense`	$-470.00	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$123.00	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$107.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$24.36K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$12.62K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$28.31K	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$403.00	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$14.67K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$231.00	USD	1 Quarter
Total non-operating expenses, net	`NonoperatingIncomeExpense`	$-750.00	USD	2 Qtrs
Total non-operating expenses, net	`NonoperatingIncomeExpense`	$-4.32K	USD	2 Qtrs
Total non-operating expenses, net	`NonoperatingIncomeExpense`	$-344.00	USD	1 Quarter
Total non-operating expenses, net	`NonoperatingIncomeExpense`	$-2.32K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-649.28K	USD	2 Qtrs
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-400.56K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-359.52K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-777.47K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$774.00	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$29.00	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-359.52K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-650.06K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-400.59K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-777.47K	USD	2 Qtrs
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$76.61K	USD	2 Qtrs
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-75.92K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$179.85K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-89.17K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-476.51K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-700.86K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-739.23K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-179.66K	USD	1 Quarter
Loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	2 Qtrs
Loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	2 Qtrs
Loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	272.76M	shares	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	317.99M	shares	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	272.76M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	317.99M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-359.52K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-650.06K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-400.59K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-777.47K	USD	2 Qtrs
Depreciation	`Depreciation`	$57.17K	USD	1 Quarter
Depreciation	`Depreciation`	$86.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$110.35K	USD	2 Qtrs
Depreciation	`Depreciation`	$42.95K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$10.03K	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$8.91K	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$3.93K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$-17.67K	USD	1 Quarter
Impairment of inventory	`AssetImpairmentCharges`	$-15.36K	USD	2 Qtrs
Impairment of inventory	`AssetImpairmentCharges`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.34K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-117.73K	USD	2 Qtrs
Other receivables and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.12K	USD	2 Qtrs
Other receivables and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.41K	USD	2 Qtrs
Advances to suppliers	`IncreaseDecreaseInDueToRelatedParties`	$80.28K	USD	2 Qtrs
Advances to suppliers	`IncreaseDecreaseInDueToRelatedParties`	$1.28K	USD	2 Qtrs
Deferred commission	`IncreaseDecreaseInDeferredCharges`	$-18.09K	USD	2 Qtrs
Deferred commission	`IncreaseDecreaseInDeferredCharges`	$62.05K	USD	2 Qtrs
Deferred travel cost	`IncreaseDecreaseInDeferredTravelCost`	$109.71K	USD	2 Qtrs
Deferred travel cost	`IncreaseDecreaseInDeferredTravelCost`	$-15.87K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$24.62K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-48.40K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$79.97K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$17.10K	USD	2 Qtrs
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$-67.26K	USD	2 Qtrs
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$443.00K	USD	2 Qtrs
Taxes payable	`IncreaseDecreaseInIncomeTaxes`	$12.37K	USD	2 Qtrs
Taxes payable	`IncreaseDecreaseInIncomeTaxes`	$14.02K	USD	2 Qtrs
Accrued liabilities and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$237.07K	USD	2 Qtrs
Accrued liabilities and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$196.65K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-450.83K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$233.24K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.41K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.92K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.92K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.41K	USD	2 Qtrs
Shareholder capital contribution	`ProceedsFromContributedCapital`	-	USD	2 Qtrs
Shareholder capital contribution	`ProceedsFromContributedCapital`	$146.05K	USD	2 Qtrs
Advance from (repayment to) shareholder	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-135.78K	USD	2 Qtrs
Advance from (repayment to) shareholder	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$271.43K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$417.48K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-135.78K	USD	2 Qtrs
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.06K	USD	2 Qtrs
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalents`	$721.00	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH & EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-34.04K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH & EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$90.60K	USD	2 Qtrs
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.59K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$37.63K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$120.26K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$29.67K	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.59K	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$37.63K	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$120.26K	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$29.67K	USD	Point-in-time
Income tax paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income tax paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs

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