10-Q Filing

EZAGOO LTD CIK: 1752372 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001493152-20-011138`
Period End Date	20200331
Filing Date	20200615
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	ezgo-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 30 Cash Flow Statement 47 Stockholders Equity 13

Balance Sheet 66 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$606.17K	USD	Point-in-time
Deposits paid, prepayments and other receivables	`DepositsPaidPrepaymentsAndOtherReceivables`	$11.24K	USD	Point-in-time
Deposits paid, prepayments and other receivables	`DepositsPaidPrepaymentsAndOtherReceivables`	$31.31K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Account receivables, related parties	`AccountsReceivableRelatedParties`	$25.85K	USD	Point-in-time
Account receivables, related parties	`AccountsReceivableRelatedParties`	$63.44K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$643.26K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.20M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	95.00M	shares	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	119.96M	shares	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	119.96M	shares	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	95.00M	shares	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$31.82K	USD	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	119.96M	shares	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$28.93K	USD	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	119.96M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$49.45K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$35.60K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$35.60K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.28M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$707.80K	USD	Point-in-time
Account payables	`AccountsPayableCurrent`	$30.03K	USD	Point-in-time
Account payables	`AccountsPayableCurrent`	$14.25K	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$1.06M	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$1.47M	USD	Point-in-time
Accrued expenses, other payables and deposits received	`AccruedExpensesOtherPayablesAndDepositsReceived`	$490.05K	USD	Point-in-time
Accrued expenses, other payables and deposits received	`AccruedExpensesOtherPayablesAndDepositsReceived`	$509.84K	USD	Point-in-time
Due to a director	`DueToOfficersOrStockholdersCurrent`	$22.84K	USD	Point-in-time
Due to a director	`DueToOfficersOrStockholdersCurrent`	$23.13K	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$55.08K	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$39.63K	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$39.63K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$5.65K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.05M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.05M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.67M	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, 119,956,826 shares issued and outstanding as of March 31, 2020 and December 31, 2019 respectively	`CommonStockValue`	$12.00K	USD	Point-in-time
Common stock, $0.0001 par value, 600,000,000 shares authorized, 119,956,826 shares issued and outstanding as of March 31, 2020 and December 31, 2019 respectively	`CommonStockValue`	$12.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.31M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.31M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$81.05K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$56.50K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.36M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-670.49K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-771.84K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-957.68K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-453.60K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.28M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$707.80K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.32K	USD	1 Quarter
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$27.72K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$33.58K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$50.96K	USD	1 Quarter
Gross loss	`GrossProfit`	$-28.26K	USD	1 Quarter
Gross loss	`GrossProfit`	$-23.24K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$169.86K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$165.50K	USD	1 Quarter
PROFIT/(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-193.76K	USD	1 Quarter
PROFIT/(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-182.48K	USD	1 Quarter
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest income	`InterestIncomeOther`	$413.00	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$16.64K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$413.00	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-16.64K	USD	1 Quarter
Net profit/(loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-210.39K	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`	$-210.39K	USD	1 Quarter
Net profit/(loss)	`NetIncomeLoss`	$-192.69K	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-13.58K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-210.39K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-206.27K	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`	119.96M	shares	1 Quarter
Weighted Average Number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	67.71M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-210.39K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-192.69K	USD	1 Quarter
Depreciation	`Depreciation`	$62.00	USD	Annual
Depreciation	`Depreciation`	$62.00	USD	1 Quarter
Depreciation	`Depreciation`	$2.41K	USD	1 Quarter
Operating lease expense	`OperatingLeaseExpense`	$14.26K	USD	1 Quarter
Operating lease expense	`OperatingLeaseExpense`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-25.33K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Prepayments, deposits and other receivables	`IncreaseDecreaseInPrepaymentsDepositsAndOtherReceivables`	$777.00	USD	1 Quarter
Prepayments, deposits and other receivables	`IncreaseDecreaseInPrepaymentsDepositsAndOtherReceivables`	$-19.85K	USD	1 Quarter
Operating lease ROU assets	`IncreaseDecreaseInOperatingLeaseRouAssets`	$-13.25K	USD	1 Quarter
Operating lease ROU assets	`IncreaseDecreaseInOperatingLeaseRouAssets`	-	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$14.78K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-15.84K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.23K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$22.94K	USD	1 Quarter
Amount due to a related company	`IncreaseDecreaseInDueToRelatedParties`	$38.54K	USD	1 Quarter
Amount due to a related company	`IncreaseDecreaseInDueToRelatedParties`	-	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-5.64K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$33.31K	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$35.00	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-104.15K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-146.69K	USD	1 Quarter
(Repayment to)/Advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$1.19K	USD	1 Quarter
(Repayment to)/Advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-386.62K	USD	1 Quarter
Repayment to a director	`RepaymentsOfRelatedPartyDebt`	$5.32K	USD	1 Quarter
Repayment to a director	`RepaymentsOfRelatedPartyDebt`	$53.22K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-391.93K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-52.04K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-4.16K	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`	$-500.25K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-177.54K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.11M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$606.17K	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`	$618.07K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.11M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$606.17K	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`	$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`	$-670.49K	USD	Point-in-time
Balance	`StockholdersEquity`	$-771.84K	USD	Point-in-time
Balance	`StockholdersEquity`	$-957.68K	USD	Point-in-time
Balance	`StockholdersEquity`	$-453.60K	USD	Point-in-time
Cumulative effect of adoption of new accounting principle	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectsOfAdoptionQuantification`	$-10.63K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-210.39K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-192.69K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-13.58K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$24.55K	USD	1 Quarter
Balance	`StockholdersEquity`	$-670.49K	USD	Point-in-time
Balance	`StockholdersEquity`	$-771.84K	USD	Point-in-time
Balance	`StockholdersEquity`	$-957.68K	USD	Point-in-time
Balance	`StockholdersEquity`	$-453.60K	USD	Point-in-time

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