10-Q Filing

AIXIN LIFE INTERNATIONAL, INC. CIK: 835662 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-011536`
Period End Date	20210331
Filing Date	20210514
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	aixn-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 41 Cash Flow Statement 44 Stockholders Equity 14

Balance Sheet 74 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 and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.68M	USD	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.64M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Other receivables and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$32.32K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Other receivables and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$35.09K	USD	Point-in-time
Advance to suppliers	`Supplies`	$155.69K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	950.00M	shares	Point-in-time
Advance to suppliers	`Supplies`	$157.34K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.00M	shares	Point-in-time
Inventory	`InventoryNet`	$147.07K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.00M	shares	Point-in-time
Inventory	`InventoryNet`	$45.53K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.00M	shares	Point-in-time
Advance to related parties	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Advance to related parties	`DueFromRelatedPartiesCurrent`	$15.74K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.93M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$60.39K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$67.82K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$207.05K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$59.29K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$100.03K	USD	Point-in-time
Total assets	`Assets`	$8.09M	USD	Point-in-time
Total assets	`Assets`	$8.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$38.96K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.12K	USD	Point-in-time
Unearned revenue	`DeferredRevenue`	-	USD	Point-in-time
Unearned revenue	`DeferredRevenue`	$2.75K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$209.83K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$283.50K	USD	Point-in-time
Accrued liabilities and other payables	`OtherAccountsPayableAndAccruedLiabilities`	$510.81K	USD	Point-in-time
Accrued liabilities and other payables	`OtherAccountsPayableAndAccruedLiabilities`	$514.24K	USD	Point-in-time
Operating lease liabilities - current	`OperatingLeaseLiabilityCurrent`	$70.78K	USD	Point-in-time
Operating lease liabilities - current	`OperatingLeaseLiabilityCurrent`	$35.02K	USD	Point-in-time
Advance from related parties	`DueToRelatedPartiesCurrent`	$101.93K	USD	Point-in-time
Advance from related parties	`DueToRelatedPartiesCurrent`	$264.85K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$899.30K	USD	Point-in-time
Operating lease liabilities - non-current	`OperatingLeaseLiabilityNoncurrent`	$24.27K	USD	Point-in-time
Operating lease liabilities - non-current	`OperatingLeaseLiabilityNoncurrent`	$29.25K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$923.57K	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, 500,000,000 shares authorized; 49,999,891 and 49,999,891 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$500.00	USD	Point-in-time
Common stock, par value $0.00001 per share, 500,000,000 shares authorized; 49,999,891 and 49,999,891 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$500.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$11.21M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$11.12M	USD	Point-in-time
Statutory reserve	`StatutoryReserves`	$151.99K	USD	Point-in-time
Statutory reserve	`StatutoryReserves`	$151.99K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.96M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$555.93K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$588.54K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.07M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.31M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.09M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.10M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Total revenue, net	`Revenues`	$698.16K	USD	1 Quarter
Total revenue, net	`Revenues`	$611.16K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$25.45K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$135.66K	USD	1 Quarter
Gross profit	`GrossProfit`	$585.72K	USD	1 Quarter
Gross profit	`GrossProfit`	$562.50K	USD	1 Quarter
Selling	`SellingExpense`	$79.71K	USD	1 Quarter
Selling	`SellingExpense`	$53.19K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$194.25K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$152.35K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$12.53K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$92.89K	USD	1 Quarter
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$92.89K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$340.33K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$337.48K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$248.23K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$222.17K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$1.22K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$15.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$160.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$1.85K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$32.00	USD	1 Quarter
Total non-operating expenses, net	`NonoperatingIncomeExpense`	$1.17M	USD	Annual
Total non-operating expenses, net	`NonoperatingIncomeExpense`	$-468.00	USD	1 Quarter
Total non-operating expenses, net	`NonoperatingIncomeExpense`	$-17.00	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$248.22K	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$221.70K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$248.22K	USD	1 Quarter
Net income	`NetIncomeLoss`	$221.70K	USD	1 Quarter
Foreign currency translation (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-94.38K	USD	1 Quarter
Foreign currency translation (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-32.61K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$189.09K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$153.84K	USD	1 Quarter
Income per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.00	USD	1 Quarter
Income per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.00	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	50.00M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	85.05M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$248.22K	USD	1 Quarter
Net income	`NetIncomeLoss`	$221.70K	USD	1 Quarter
Depreciation	`Depreciation`	$7.22K	USD	1 Quarter
Depreciation	`Depreciation`	$12.60K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$12.53K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$92.89K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$92.89K	USD	1 Quarter
Other receivables and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.93K	USD	1 Quarter
Other receivables and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-9.27K	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseInDueToRelatedParties`	$-2.31K	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseInDueToRelatedParties`	$1.48K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$102.83K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-16.05K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.00	USD	1 Quarter
Unearned revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$2.78K	USD	1 Quarter
Unearned revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$26.66K	USD	1 Quarter
Taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-73.29K	USD	1 Quarter
Taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-37.81K	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$189.00	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.39K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$382.07K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$141.84K	USD	1 Quarter
Change in advance from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-367.75K	USD	1 Quarter
Change in advance from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-148.77K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-367.75K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-148.77K	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGE ON CASH	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-336.00	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGE ON CASH	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-31.32K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$13.98K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-38.24K	USD	1 Quarter
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$23.82K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.68M	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.83K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.64M	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$23.82K	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.68M	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.83K	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.64M	USD	Point-in-time
Income tax paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income tax paid	`IncomeTaxesPaidNet`	$60.46K	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`	$6.89M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$7.17M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.07M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.31M	USD	Point-in-time
Stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$92.89K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$92.89K	USD	1 Quarter
Net income	`NetIncomeLoss`	$248.22K	USD	1 Quarter
Net income	`NetIncomeLoss`	$221.70K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-94.38K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-32.61K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$6.89M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$7.17M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.07M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.31M	USD	Point-in-time

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