10-K Filing

EZAGOO LTD CIK: 1752372 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001493152-21-008622`
Period End Date	20201231
Filing Date	20210413
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	ezgo-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 30 Cash Flow Statement 58 Stockholders Equity 13

Balance Sheet 68 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`	$1.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$824.73K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Amount due from related party	`DueFromOfficersOrStockholders`	$63.44K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Amount due from related party	`DueFromOfficersOrStockholders`	$689.43K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposits, prepayments and other receivables	`DepositsPrepaymnetsAndOtherReceivables`	$31.31K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposits, prepayments and other receivables	`DepositsPrepaymnetsAndOtherReceivables`	$19.24K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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 stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.53M	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	119.96M	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 outstanding	`CommonStockSharesOutstanding`	119.96M	shares	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	119.96M	shares	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	95.00M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$22.13K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$31.82K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$49.45K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.56M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.28M	USD	Point-in-time
Account payable	`AccountsPayableCurrent`	$14.25K	USD	Point-in-time
Account payable	`AccountsPayableCurrent`	$18.53K	USD	Point-in-time
Accrual, other payable and deposits received	`AccruedExpensesOtherPayablesAndDepositsReceived`	$490.05K	USD	Point-in-time
Accrual, other payable and deposits received	`AccruedExpensesOtherPayablesAndDepositsReceived`	$522.72K	USD	Point-in-time
Amount due to director	`DueToOfficersOrStockholdersCurrent`	$35.11K	USD	Point-in-time
Amount due to director	`DueToOfficersOrStockholdersCurrent`	$23.13K	USD	Point-in-time
Amount due (from)/to related parties	`DueFromToRelatedPartiesCurrent`	$1.47M	USD	Point-in-time
Amount due (from)/to related parties	`DueFromToRelatedPartiesCurrent`	$967.37K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$1.59M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	-	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$55.08K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$5.65K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.13M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.05M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.13M	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 and 119,956,826 shares issued and outstanding as of December 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 and 119,956,826 shares issued and outstanding as of December 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 (gain)/loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-61.93K	USD	Point-in-time
Accumulated other comprehensive (gain)/loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$56.55K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.15M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-771.84K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-453.60K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-1.57M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.28M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.56M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
- Related party	`RevenueFromRelatedParties`	$33.76K	USD	Annual
- Related party	`RevenueFromRelatedParties`	$162.83K	USD	Annual
- Non-related party	`RevenueFromNonRelatedParties`	$37.55K	USD	Annual
- Non-related party	`RevenueFromNonRelatedParties`	$200.92K	USD	Annual
COST OF REVENUE	`CostOfRevenue`	$102.76K	USD	Annual
COST OF REVENUE	`CostOfRevenue`	$163.31K	USD	Annual
GROSS PROFIT	`GrossProfit`	$37.07K	USD	Annual
GROSS PROFIT	`GrossProfit`	$131.91K	USD	Annual
OTHER INCOME	`OtherIncomes`	$59.00	USD	Annual
OTHER INCOME	`OtherIncomes`	$6.19K	USD	Annual
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$775.29K	USD	Annual
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$847.07K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-809.94K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-637.18K	USD	Annual
INTEREST EXPENSE	`InterestExpense`	$46.66K	USD	Annual
INTEREST EXPENSE	`InterestExpense`	$39.76K	USD	Annual
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-849.70K	USD	Annual
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-683.84K	USD	Annual
INCOME TAXES EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	Annual
INCOME TAXES EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-849.70K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-683.84K	USD	Annual
- Foreign exchange adjustment gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-50.00	USD	Annual
- Foreign exchange adjustment gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-118.43K	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-849.75K	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-802.27K	USD	Annual
Net loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Net loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	110.38M	shares	Annual
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	119.96M	shares	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-849.70K	USD	Annual
Net loss	`NetIncomeLoss`	$-683.84K	USD	Annual
Interest expense	`InterestExpenses`	$38.00K	USD	Annual
Interest expense	`InterestExpenses`	$46.09K	USD	Annual
Depreciation	`Depreciation`	$6.48K	USD	Annual
Depreciation	`Depreciation`	$11.04K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$2.14K	USD	Annual
Accounts receivables	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$-44.95K	USD	Annual
Deposit, prepayments, and other receivables	`IncreaseDecreaseInPrepaymentsDepositsAndOtherReceivables`	$-12.07K	USD	Annual
Deposit, prepayments, and other receivables	`IncreaseDecreaseInPrepaymentsDepositsAndOtherReceivables`	$-26.48K	USD	Annual
Operating lease ROU assets	`IncreaseDecreaseInOperatingLeaseRouAssets`	$49.45K	USD	Annual
Operating lease ROU assets	`IncreaseDecreaseInOperatingLeaseRouAssets`	$49.15K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-55.08K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-54.74K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.28K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.18K	USD	Annual
Accrual and other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$172.99K	USD	Annual
Accrual and other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-44.13K	USD	Annual
Receipts in advance	`IncreaseDecreaseInReceiptsInAdvance`	$473.95K	USD	Annual
Receipts in advance	`IncreaseDecreaseInReceiptsInAdvance`	$-140.32K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.59M	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-5.65K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$5.61K	USD	Annual
Net cash generated from/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-297.63K	USD	Annual
Net cash generated from/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$996.95K	USD	Annual
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$37.46K	USD	Annual
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.35K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.35K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.46K	USD	Annual
Proceeds from issuance of shares	`ProceedsFromIssuanceOrSaleOfEquity`	$499.14K	USD	Annual
Proceeds from issuance of shares	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	Annual
Interest payable	`InterestPayable`	-	USD	Annual
Interest payable	`InterestPayable`	$-46.09K	USD	Annual
(Repayment to)/advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-1.12M	USD	Annual
(Repayment to)/advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$235.29K	USD	Annual
Advances from holding companies	`ProceedsFromHoldingCompanies`	-	USD	Annual
Advances from holding companies	`ProceedsFromHoldingCompanies`	$10.77K	USD	Annual
Advances from/(payment to) director	`ProceedsFromRepaymentsOfOtherDebt`	$-84.22K	USD	Annual
Advances from/(payment to) director	`ProceedsFromRepaymentsOfOtherDebt`	$1.21K	USD	Annual
Net cash (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$650.20K	USD	Annual
Net cash (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.16M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-4.31K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-118.43K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$310.80K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-281.69K	USD	Annual
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$795.62K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.11M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$824.73K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$795.62K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.11M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$824.73K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-771.84K	USD	Point-in-time
Balance	`StockholdersEquity`	$-453.60K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.57M	USD	Point-in-time
Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$499.14K	USD	Annual
Additional paid in capital	`AdjustmentsToAdditionalPaidInCapitalMarkToMarket`	$38.00K	USD	Annual
Net Loss	`NetIncomeLoss`	$-849.70K	USD	Annual
Net Loss	`NetIncomeLoss`	$-683.84K	USD	Annual
Accumulated other comprehensive income/loss	`OtherComprehensiveIncomeLossNetOfTax`	$-118.43K	USD	Annual
Accumulated other comprehensive income/loss	`OtherComprehensiveIncomeLossNetOfTax`	$-50.00	USD	Annual
Cumulative effect of adoption of new accounting principle	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectsOfAdoptionQuantification`	$-5.63K	USD	Annual
Balance	`StockholdersEquity`	$-771.84K	USD	Point-in-time
Balance	`StockholdersEquity`	$-453.60K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.57M	USD	Point-in-time

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