10-Q Filing

EZAGOO LTD CIK: 1752372 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-012665`
Period End Date	20210331
Filing Date	20210524
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	ezgo-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 32 Cash Flow Statement 47 Stockholders Equity 13

Balance Sheet 67 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`	$824.73K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$533.33K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Amount due from related party	`DueFromOfficersOrStockholders`	$886.80K	USD	Point-in-time
Amount due from related party	`DueFromOfficersOrStockholders`	$689.43K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposits paid, prepayments and other receivables	`DepositsPrepaymnetsAndOtherReceivables`	$19.24K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposits paid, prepayments and other receivables	`DepositsPrepaymnetsAndOtherReceivables`	$25.20K	USD	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 stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.45M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	119.96M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	119.96M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	119.96M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	119.96M	shares	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$22.13K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$19.52K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$35.60K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$465.10K	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`	$1.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.89K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.53K	USD	Point-in-time
Accrued expenses, other payable and deposits received	`AccruedExpensesOtherPayablesAndDepositsReceived`	$493.31K	USD	Point-in-time
Accrued expenses, other payable and deposits received	`AccruedExpensesOtherPayablesAndDepositsReceived`	$522.72K	USD	Point-in-time
Amount due to the related parties	`DueToRelatedPartyCurrent`	$967.37K	USD	Point-in-time
Amount due to the related parties	`DueToRelatedPartyCurrent`	$1.11M	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$35.04K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$35.11K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$1.59M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$1.30M	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$39.63K	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$123.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.13M	USD	Point-in-time
Operating lease liabilities, non-current portion	`OperatingLeaseLiabilityNoncurrent`	$345.40K	USD	Point-in-time
Operating lease liabilities, non-current portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liabilities, non-current portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.42M	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 March 31, 2021 and December 31, 2020, 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 March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$12.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.31M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.30M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-61.93K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-59.07K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.83M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-1.57M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-957.68K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-771.84K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-1.49M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.56M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.93M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$452.25K	USD	1 Quarter
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.32K	USD	1 Quarter
Related party costs	`RelatedPartyCosts`	$161.81K	USD	1 Quarter
Related party costs	`RelatedPartyCosts`	-	USD	1 Quarter
COST OF REVENUES (including $161,806 & $0 of related party costs for the three months ended March 31, 2021 & 2020, respectively)	`CostOfRevenue`	$179.34K	USD	1 Quarter
COST OF REVENUES (including $161,806 & $0 of related party costs for the three months ended March 31, 2021 & 2020, respectively)	`CostOfRevenue`	$33.58K	USD	1 Quarter
GROSS PROFIT (LOSS)	`GrossProfit`	$-28.26K	USD	1 Quarter
GROSS PROFIT (LOSS)	`GrossProfit`	$272.91K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$198.70K	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`	$74.21K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$5.16K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Interest income (expense)	`InterestIncomeExpenseNet`	$4.47K	USD	1 Quarter
Interest income (expense)	`InterestIncomeExpenseNet`	$-16.64K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-16.64K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$9.63K	USD	1 Quarter
Net profit (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$83.84K	USD	1 Quarter
Net profit (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-210.39K	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`	$83.84K	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.86K	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$86.70K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-210.39K	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`	119.96M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net profit (loss)	`NetIncomeLoss`	$-210.39K	USD	1 Quarter
Net profit (loss)	`NetIncomeLoss`	$83.84K	USD	1 Quarter
Depreciation	`Depreciation`	$2.61K	USD	1 Quarter
Depreciation	`Depreciation`	$2.41K	USD	1 Quarter
Prepayments, deposits and other receivables	`IncreaseDecreaseInPrepaymentsDepositsAndOtherReceivables`	$5.96K	USD	1 Quarter
Prepayments, deposits and other receivables	`IncreaseDecreaseInPrepaymentsDepositsAndOtherReceivables`	$-19.85K	USD	1 Quarter
Amount due from a related parties	`IncreaseDecreaseDueFromOtherRelatedParties`	$-38.54K	USD	1 Quarter
Amount due from a related parties	`IncreaseDecreaseDueFromOtherRelatedParties`	$197.37K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.64K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.23K	USD	1 Quarter
Accrued liabilities and other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$33.31K	USD	1 Quarter
Accrued liabilities and other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$52.86K	USD	1 Quarter
Receipts in advance	`IncreaseDecreaseInReceiptsInAdvance`	$-82.27K	USD	1 Quarter
Receipts in advance	`IncreaseDecreaseInReceiptsInAdvance`	-	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$1.30M	USD	1 Quarter
Operating lease ROU assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAssets`	$465.10K	USD	1 Quarter
Operating lease ROU assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAssets`	$13.25K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$14.78K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$449.61K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-5.64K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-104.15K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.13M	USD	1 Quarter
Imputed interests	`PaymentsForImputedInterests`	$4.58K	USD	1 Quarter
Repayment to related parties	`RepaymentsOfRelatedPartyDebt`	$386.62K	USD	1 Quarter
Repayment to related parties	`RepaymentsOfRelatedPartyDebt`	$486.76K	USD	1 Quarter
Repayment to a director	`RepaymentsOfOtherDebt`	$5.32K	USD	1 Quarter
Repayment to a director	`RepaymentsOfOtherDebt`	$933.48K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.42M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-391.93K	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`	$2.86K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-500.25K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-291.40K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$533.33K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.11M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$824.73K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$606.17K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$533.33K	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`	$824.73K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$606.17K	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`	$-1.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$-957.68K	USD	Point-in-time
Balance	`StockholdersEquity`	$-771.84K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.49M	USD	Point-in-time
Imputed interest income	`AdjustmentsToAdditionalPaidInCapitalOther`	$-4.58K	USD	1 Quarter
Net profit (loss)	`NetIncomeLoss`	$-210.39K	USD	1 Quarter
Net profit (loss)	`NetIncomeLoss`	$83.84K	USD	1 Quarter
Other comprehensive gain	`OtherComprehensiveIncomeLossNetOfTax`	$2.86K	USD	1 Quarter
Other comprehensive gain	`OtherComprehensiveIncomeLossNetOfTax`	$24.55K	USD	1 Quarter
Balance	`StockholdersEquity`	$-1.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$-957.68K	USD	Point-in-time
Balance	`StockholdersEquity`	$-771.84K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.49M	USD	Point-in-time

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