10-Q Filing

EZAGOO LTD CIK: 1752372 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001493152-19-010423`
Period End Date	20190331
Filing Date	20190710
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	ezgo-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 30 Cash Flow Statement 44 Stockholders Equity 13

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$618.07K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$795.62K	USD	Point-in-time
Account receivables	`AccountsReceivableNetCurrent`	$23.72K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Account receivables	`AccountsReceivableNetCurrent`	$47.92K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposits paid, prepayments and other receivables	`DepositsPaidPrepaymentsAndOtherReceivables`	$58.60K	USD	Point-in-time
Deposits paid, prepayments and other receivables	`DepositsPaidPrepaymentsAndOtherReceivables`	$60.95K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$902.13K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$702.75K	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	95.00M	shares	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	0.00	shares	Point-in-time
Common shares, shares issued	`CommonStockSharesOutstanding`	95.00M	shares	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$605.00	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$650.00	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesOutstanding`	0.00	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$91.69K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$902.78K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$795.04K	USD	Point-in-time
Account payables	`AccountsPayableCurrent`	$33.51K	USD	Point-in-time
Account payables	`AccountsPayableCurrent`	$10.16K	USD	Point-in-time
Other payables and accrued liabilities	`OtherPayablesAndAccruedLiabilitiesCurrent`	$58.20K	USD	Point-in-time
Other payables and accrued liabilities	`OtherPayablesAndAccruedLiabilitiesCurrent`	$59.80K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$1.21M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$1.18M	USD	Point-in-time
Due to a director	`DueToOfficersOrStockholdersCurrent`	$109.02K	USD	Point-in-time
Due to a director	`DueToOfficersOrStockholdersCurrent`	$58.10K	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$60.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.36M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$41.82K	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.36M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.47M	USD	Point-in-time
Preferred stock, $0.0001 par value, 200,000,000 shares authorized, None issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 200,000,000 shares authorized, None issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 600,000,000 shares authorized, 95,000,000 and 0 shares issued and outstanding as of March 31, 2019 and December 31, 2018 respectively	`CommonStockValue`	$9.50K	USD	Point-in-time
Common stock, $0.0001 par value, 600,000,000 shares authorized, 95,000,000 and 0 shares issued and outstanding as of March 31, 2019 and December 31, 2018 respectively	`CommonStockValue`	$9.50K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$774.01K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$774.01K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$42.97K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$56.55K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.50M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-453.60K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-327.12K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-240.49K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-670.49K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$902.78K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$795.04K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$12.98K	USD	1 Quarter
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$27.72K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$20.59K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$50.96K	USD	1 Quarter
Gross loss	`GrossProfit`	$-7.61K	USD	1 Quarter
Gross loss	`GrossProfit`	$-23.24K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$-82.82K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$-169.86K	USD	1 Quarter
PROFIT/(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-182.48K	USD	1 Quarter
PROFIT/(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-90.43K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$413.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest expense	`InterestExpenseOther`	-	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$126.00	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$413.00	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-126.00	USD	1 Quarter
Net profit/(loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-90.55K	USD	1 Quarter
Net profit/(loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-192.69K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net profit/(loss)	`NetIncomeLoss`	$-90.55K	USD	1 Quarter
Net profit/(loss)	`NetIncomeLoss`	$-192.69K	USD	1 Quarter
Other comprehensive income/(loss):- Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-573.00	USD	1 Quarter
Other comprehensive income/(loss):- Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-13.58K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-206.27K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-91.13K	USD	1 Quarter
Net loss per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted Average Number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	60.98M	shares	1 Quarter
Weighted Average Number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	67.71M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-90.55K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-192.69K	USD	1 Quarter
Depreciation	`Depreciation`	$233.00	USD	1 Quarter
Depreciation	`Depreciation`	$440.00	USD	Annual
Depreciation	`Depreciation`	$62.00	USD	1 Quarter
Operating lease expense	`OperatingLeaseExpense`	$14.26K	USD	1 Quarter
Operating lease expense	`OperatingLeaseExpense`	$15.13K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-25.33K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$629.00	USD	1 Quarter
Prepayments, deposits and other receivables	`IncreaseDecreaseInPrepaymentsDepositsAndOtherReceivables`	$777.00	USD	1 Quarter
Prepayments, deposits and other receivables	`IncreaseDecreaseInPrepaymentsDepositsAndOtherReceivables`	$50.83K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-15.84K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$22.94K	USD	1 Quarter
Amount due to a director	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	-	USD	1 Quarter
Amount due to a director	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	-	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherPayablesAndAccruedLiabilities`	$35.00	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherPayablesAndAccruedLiabilities`	$4.80K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-146.69K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-136.99K	USD	1 Quarter
Proceeds from share issuance	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Proceeds from share issuance	`ProceedsFromIssuanceOrSaleOfEquity`	$4.47K	USD	1 Quarter
Advances from related parties	`ProceedsFromRelatedPartyDebt`	$1.19K	USD	1 Quarter
Advances from related parties	`ProceedsFromRelatedPartyDebt`	$154.55K	USD	1 Quarter
Repayment to a director	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Repayment to a director	`RepaymentsOfRelatedPartyDebt`	$53.22K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-52.04K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$159.02K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$593.00	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$21.18K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$22.62K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-177.54K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$33.24K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$795.62K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.61K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$618.07K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$33.24K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$795.62K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.61K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$618.07K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for interest paid	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest paid	`InterestPaidNet`	-	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-453.60K	USD	Point-in-time
Balance	`StockholdersEquity`	$-327.12K	USD	Point-in-time
Balance	`StockholdersEquity`	$-240.49K	USD	Point-in-time
Balance	`StockholdersEquity`	$-670.49K	USD	Point-in-time
Cumulative effect of adoption of new accounting principle	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification`	$-10.63K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-90.55K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-192.69K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$4.50K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-13.58K	USD	1 Quarter
Balance	`StockholdersEquity`	$-453.60K	USD	Point-in-time
Balance	`StockholdersEquity`	$-327.12K	USD	Point-in-time
Balance	`StockholdersEquity`	$-240.49K	USD	Point-in-time
Balance	`StockholdersEquity`	$-670.49K	USD	Point-in-time

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