10-Q Filing

AIXIN LIFE INTERNATIONAL, INC. CIK: 835662 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-016354`
Period End Date	20180930
Filing Date	20181116
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	aixn-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 76 Cash Flow Statement 60

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`	$20.88K	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`	$23.12K	USD	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	-	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`	$25.56K	USD	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
Other receivables and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$21.14K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	950.00M	shares	Point-in-time
Advances to suppliers	`Supplies`	$16.23K	USD	Point-in-time
Deferred commission	`DeferredCostsCurrent`	$422.59K	USD	Point-in-time
Deferred commission	`DeferredCostsCurrent`	$379.04K	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 travel cost	`DeferredTravelCostCurrent`	$244.46K	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`	$277.26K	USD	Point-in-time
Inventory	`InventoryNet`	$48.90K	USD	Point-in-time
Inventory	`InventoryNet`	$18.72K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$728.26K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$843.21K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.51M	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`	$1.51M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.56M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.03K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$56.26K	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$2.44M	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$2.69M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$1.24M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$1.29M	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$603.95K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$776.08K	USD	Point-in-time
Advance from shareholder	`DueToOfficersOrStockholdersCurrent`	$988.38K	USD	Point-in-time
Advance from shareholder	`DueToOfficersOrStockholdersCurrent`	$1.27M	USD	Point-in-time
TOTAL LIABILITIES	`LiabilitiesCurrent`	$5.63M	USD	Point-in-time
TOTAL LIABILITIES	`LiabilitiesCurrent`	$5.78M	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`	$3.84M	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`	$-7.53M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.39M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-70.15K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$129.61K	USD	Point-in-time
TOTAL STOCKHOLDERS' (DEFICIT)	`StockholdersEquity`	$-3.07M	USD	Point-in-time
TOTAL STOCKHOLDERS' (DEFICIT)	`StockholdersEquity`	$-3.54M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$2.56M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$2.24M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$51.56K	USD	1 Quarter
Net sales	`Revenues`	$196.72K	USD	3 Qtrs
Net sales	`Revenues`	$125.46K	USD	1 Quarter
Net sales	`Revenues`	$650.35K	USD	3 Qtrs
Cost of Revenue	`CostOfRevenue`	$19.64K	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$246.76K	USD	3 Qtrs
Cost of Revenue	`CostOfRevenue`	$84.21K	USD	3 Qtrs
Cost of Revenue	`CostOfRevenue`	$30.27K	USD	1 Quarter
Gross profit	`GrossProfit`	$31.93K	USD	1 Quarter
Gross profit	`GrossProfit`	$403.58K	USD	3 Qtrs
Gross profit	`GrossProfit`	$112.51K	USD	3 Qtrs
Gross profit	`GrossProfit`	$95.20K	USD	1 Quarter
Selling	`SellingExpense`	$576.98K	USD	3 Qtrs
Selling	`SellingExpense`	$355.19K	USD	3 Qtrs
Selling	`SellingExpense`	$100.14K	USD	1 Quarter
Selling	`SellingExpense`	$148.66K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$728.21K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$290.70K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$213.21K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$884.04K	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$15.60K	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$16.96K	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$6.69K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$6.94K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.32M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.25M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$368.81K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$397.52K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.14M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-918.58K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-273.61K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-365.60K	USD	1 Quarter
Financial expense	`FinancialExpense`	$-527.00	USD	3 Qtrs
Financial expense	`FinancialExpense`	$-165.00	USD	1 Quarter
Financial expense	`FinancialExpense`	$-202.00	USD	1 Quarter
Financial expense	`FinancialExpense`	$-672.00	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$121.00	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$11.31K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$-2.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$35.66K	USD	3 Qtrs
Other expense	`OtherNonoperatingExpense`	$610.00	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$1.01K	USD	3 Qtrs
Other expense	`OtherNonoperatingExpense`	$13.16K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$41.47K	USD	3 Qtrs
Total non-operating expenses, net	`NonoperatingIncomeExpense`	$-6.34K	USD	3 Qtrs
Total non-operating expenses, net	`NonoperatingIncomeExpense`	$-1.56K	USD	3 Qtrs
Total non-operating expenses, net	`NonoperatingIncomeExpense`	$-2.02K	USD	1 Quarter
Total non-operating expenses, net	`NonoperatingIncomeExpense`	$-814.00	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.14M	USD	3 Qtrs
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-275.63K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-366.41K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-924.91K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-774.00	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-274.86K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-366.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-924.91K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.14M	USD	3 Qtrs
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-24.45K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$199.76K	USD	3 Qtrs
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$123.15K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-113.62K	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-944.12K	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-299.31K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.04M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-243.26K	USD	1 Quarter
Loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	3 Qtrs
Loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.00	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	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	272.76M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	317.99M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	272.76M	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	317.99M	shares	3 Qtrs

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-274.86K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-366.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-924.91K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.14M	USD	3 Qtrs
Depreciation	`Depreciation`	$161.95K	USD	3 Qtrs
Depreciation	`Depreciation`	$126.23K	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$15.60K	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$16.96K	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$6.69K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$6.94K	USD	1 Quarter
Impairment (recovery) of inventory	`AssetImpairmentCharges`	-	USD	3 Qtrs
Impairment (recovery) of inventory	`AssetImpairmentCharges`	$-15.02K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.22K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-80.06K	USD	3 Qtrs
Other receivables and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$294.00	USD	3 Qtrs
Other receivables and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.37K	USD	3 Qtrs
Advances to suppliers	`IncreaseDecreaseInDueToRelatedParties`	$81.39K	USD	3 Qtrs
Advances to suppliers	`IncreaseDecreaseInDueToRelatedParties`	$-14.69K	USD	3 Qtrs
Deferred commission	`IncreaseDecreaseInDeferredCharges`	$48.10K	USD	3 Qtrs
Deferred commission	`IncreaseDecreaseInDeferredCharges`	$-22.43K	USD	3 Qtrs
Deferred travel cost	`IncreaseDecreaseInDeferredTravelCost`	$-19.18K	USD	3 Qtrs
Deferred travel cost	`IncreaseDecreaseInDeferredTravelCost`	$87.81K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$27.30K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-44.14K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.36K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$99.45K	USD	3 Qtrs
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$-120.67K	USD	3 Qtrs
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$391.38K	USD	3 Qtrs
Taxes payable	`IncreaseDecreaseInIncomeTaxes`	$5.61K	USD	3 Qtrs
Taxes payable	`IncreaseDecreaseInIncomeTaxes`	$21.69K	USD	3 Qtrs
Accrued liabilities and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$214.57K	USD	3 Qtrs
Accrued liabilities and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$237.88K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-839.55K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.79K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.73K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.37K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.73K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.37K	USD	3 Qtrs
Proceeds from capital contribution	`ProceedsFromContributedCapital`	$488.48K	USD	3 Qtrs
Proceeds from capital contribution	`ProceedsFromContributedCapital`	-	USD	3 Qtrs
Advance from shareholder	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$339.10K	USD	3 Qtrs
Advance from shareholder	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$13.63K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$827.57K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.63K	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.10K	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.16K	USD	3 Qtrs
NET DECREASE IN CASH & EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.79K	USD	3 Qtrs
NET DECREASE IN CASH & EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.51K	USD	3 Qtrs
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$37.63K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$20.88K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$29.67K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$23.12K	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$37.63K	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$20.88K	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$29.67K	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$23.12K	USD	Point-in-time
Income tax paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Income tax paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs

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