10-Q Filing

AIXIN LIFE INTERNATIONAL, INC. CIK: 835662 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001493152-19-007963`
Period End Date	20190331
Filing Date	20190521
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	aixn-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 38 Cash Flow Statement 52 Stockholders Equity 14

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`	$11.26K	USD	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.22K	USD	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	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`	$48.85K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$36.21K	USD	Point-in-time
Other receivables and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$34.78K	USD	Point-in-time
Other receivables and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$24.69K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	950.00M	shares	Point-in-time
Advances to suppliers	`Supplies`	$963.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	950.00M	shares	Point-in-time
Advances to suppliers	`Supplies`	$1.59K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	287.84M	shares	Point-in-time
Deferred commission	`DeferredCostsCurrent`	$338.51K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	287.84M	shares	Point-in-time
Deferred commission	`DeferredCostsCurrent`	$333.22K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	287.84M	shares	Point-in-time
Deferred travel cost	`DeferredTravelCostCurrent`	$216.66K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	287.84M	shares	Point-in-time
Deferred travel cost	`DeferredTravelCostCurrent`	$220.20K	USD	Point-in-time
Inventory	`InventoryNet`	$13.40K	USD	Point-in-time
Inventory	`InventoryNet`	$7.85K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$635.44K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$655.95K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.46M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.46M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.46M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.46M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.10M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.93K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$41.01K	USD	Point-in-time
Unearned revenue	`ContractWithCustomerLiabilityCurrent`	$2.19M	USD	Point-in-time
Unearned revenue	`ContractWithCustomerLiabilityCurrent`	$2.16M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$1.24M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$1.22M	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$732.26K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$695.38K	USD	Point-in-time
Advance from shareholder	`DueToOfficersOrStockholdersCurrent`	$1.17M	USD	Point-in-time
Advance from shareholder	`DueToOfficersOrStockholdersCurrent`	$1.16M	USD	Point-in-time
TOTAL LIABILITIES	`LiabilitiesCurrent`	$5.31M	USD	Point-in-time
TOTAL LIABILITIES	`LiabilitiesCurrent`	$5.33M	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; 287,838,699 shares issued and outstanding	`CommonStockValue`	$2.88K	USD	Point-in-time
Common stock, par value $0.00001 per share, 950,000,000 shares authorized; 287,838,699 shares issued and outstanding	`CommonStockValue`	$2.88K	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$4.40M	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$4.71M	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`	$-7.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.01M	USD	Point-in-time
Accumulated other comprehensive income gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$135.58K	USD	Point-in-time
Accumulated other comprehensive income gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$55.38K	USD	Point-in-time
TOTAL STOCKHOLDERS' (DEFICIT)	`StockholdersEquity`	$-3.07M	USD	Point-in-time
TOTAL STOCKHOLDERS' (DEFICIT)	`StockholdersEquity`	$-3.19M	USD	Point-in-time
TOTAL STOCKHOLDERS' (DEFICIT)	`StockholdersEquity`	$-3.59M	USD	Point-in-time
TOTAL STOCKHOLDERS' (DEFICIT)	`StockholdersEquity`	$-3.24M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$2.10M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$2.12M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$104.55K	USD	1 Quarter
Net sales	`Revenues`	$90.48K	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$17.20K	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$40.36K	USD	1 Quarter
Gross profit	`GrossProfit`	$73.28K	USD	1 Quarter
Gross profit	`GrossProfit`	$64.19K	USD	1 Quarter
Selling	`SellingExpense`	$128.79K	USD	1 Quarter
Selling	`SellingExpense`	$123.64K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$213.21K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$347.95K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$4.99K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$14.51K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$481.73K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$351.36K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-278.07K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-417.54K	USD	1 Quarter
Financial expense	`FinancialExpense`	$-374.00	USD	1 Quarter
Financial expense	`FinancialExpense`	$-250.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$16.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$444.00	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	-	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$172.00	USD	1 Quarter
Total non-operating income (expenses), net	`NonoperatingIncomeExpense`	$-406.00	USD	1 Quarter
Total non-operating income (expenses), net	`NonoperatingIncomeExpense`	$70.00	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-417.95K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-278.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-417.95K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-278.00K	USD	1 Quarter
Foreign currency translation (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-103.24K	USD	1 Quarter
Foreign currency translation (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-80.20K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-358.20K	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`	292.53M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	287.84M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-417.95K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-278.00K	USD	1 Quarter
Depreciation	`Depreciation`	$40.58K	USD	1 Quarter
Depreciation	`Depreciation`	$43.05K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$4.99K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$14.51K	USD	1 Quarter
Recovery of inventory	`AssetImpairmentCharges`	$-15.38K	USD	1 Quarter
Recovery of inventory	`AssetImpairmentCharges`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.81K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$26.11K	USD	1 Quarter
Other receivables and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.98K	USD	1 Quarter
Other receivables and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.07K	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseInDueToRelatedParties`	$-1.87K	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseInDueToRelatedParties`	$667.00	USD	1 Quarter
Deferred commission	`IncreaseDecreaseInDeferredCharges`	$-14.69K	USD	1 Quarter
Deferred commission	`IncreaseDecreaseInDeferredCharges`	$-14.37K	USD	1 Quarter
Deferred travel cost	`IncreaseDecreaseInDeferredTravelCost`	$-9.45K	USD	1 Quarter
Deferred travel cost	`IncreaseDecreaseInDeferredTravelCost`	$-12.28K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-5.88K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-49.51K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-189.00	USD	1 Quarter
Unearned revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-89.50K	USD	1 Quarter
Unearned revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-87.72K	USD	1 Quarter
Taxes payable	`IncreaseDecreaseInIncomeTaxes`	$-11.97K	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`	$18.28K	USD	1 Quarter
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-290.87K	USD	1 Quarter
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-208.96K	USD	1 Quarter
Capital contribution	`ProceedsFromContributedCapital`	-	USD	1 Quarter
Capital contribution	`ProceedsFromContributedCapital`	$313.97K	USD	1 Quarter
Change in advance from shareholder	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$204.31K	USD	1 Quarter
Change in advance from shareholder	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-30.28K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$204.31K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$283.69K	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-861.00	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.18K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH & EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.47K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH & EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.04K	USD	1 Quarter
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.16K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.26K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$37.63K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.22K	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.16K	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.26K	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$37.63K	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.22K	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

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-3.07M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-3.19M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-3.59M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-3.24M	USD	Point-in-time
Cancellation of stock issued for services	`CancellationOfStockIssuedForServices`	-	USD	1 Quarter
Capital contribution by principal shareholder	`CapitalContributionByPrincipalShareholder`	$313.97K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-417.95K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-278.00K	USD	1 Quarter
Foreign currency translation gain loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-103.24K	USD	1 Quarter
Foreign currency translation gain loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-80.20K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$-3.07M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-3.19M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-3.59M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-3.24M	USD	Point-in-time

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