10-K Filing

EZAGOO LTD CIK: 1752372 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001493152-22-010744`
Period End Date	20211231
Filing Date	20220422
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	form10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 42 Cash Flow Statement 54 Stockholders Equity 12

Balance Sheet 65 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`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$559.12K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$824.73K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Amount due from related party	`DueFromRelatedPartiesCurrent`	$689.43K	USD	Point-in-time
Amount due from related party	`DueFromRelatedPartiesCurrent`	$331.34K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposits, prepayments and other receivables	`DepositsPrepaymnetsAndOtherReceivables`	$63.12K	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
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`	$953.58K	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
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$11.32K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$22.13K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$350.98K	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`	$1.32M	USD	Point-in-time
Account payable	`AccountsPayableCurrent`	$28.64K	USD	Point-in-time
Account payable	`AccountsPayableCurrent`	$18.53K	USD	Point-in-time
Accrual, other payable and deposits received	`AccruedExpensesOtherPayablesAndDepositsReceived`	$522.72K	USD	Point-in-time
Accrual, other payable and deposits received	`AccruedExpensesOtherPayablesAndDepositsReceived`	$251.13K	USD	Point-in-time
Amount due to director	`DueToOfficersOrStockholdersCurrent`	$29.17K	USD	Point-in-time
Amount due to director	`DueToOfficersOrStockholdersCurrent`	$35.11K	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartyCurrent`	$967.37K	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartyCurrent`	$1.81M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$111.39K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.59M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$21.35K	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$184.93K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.44M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$169.62K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.60M	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, 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 December 31, 2021 and December 31, 2020 respectively	`CommonStockValue`	$12.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.38M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.31M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-61.93K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-107.50K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.58M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-771.84K	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-1.57M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-1.29M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.32M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.56M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Related party	`RevenueFromRelatedParties`	$33.76K	USD	Annual
Related party	`RevenueFromRelatedParties`	-	USD	Annual
Non-related party	`RevenueFromNonRelatedParties`	$200.92K	USD	Annual
Non-related party	`RevenueFromNonRelatedParties`	$2.13M	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.13M	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$234.67K	USD	Annual
Cost of revenue for short video produce costs, related party	`CostsAndExpensesRelatedParty`	$620.43K	USD	Annual
Cost of revenue for short video produce costs, related party	`CostsAndExpensesRelatedParty`	-	USD	Annual
Cost of revenue for rental and related costs	`CostOfRevenue`	$88.20K	USD	Annual
Cost of revenue for rental and related costs	`CostOfRevenue`	$61.93K	USD	Annual
Cost of revenue for salaries and related expenses	`SalariesAndWages`	$94.33K	USD	Annual
Cost of revenue for salaries and related expenses	`SalariesAndWages`	$14.56K	USD	Annual
Sales and marketing expenses	`SellingGeneralAndAdministrativeExpense`	$154.76K	USD	Annual
Sales and marketing expenses	`SellingGeneralAndAdministrativeExpense`	$128.02K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$647.26K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$900.47K	USD	Annual
TOTAL COSTS AND EXPENSES	`CostsAndExpenses`	$878.05K	USD	Annual
TOTAL COSTS AND EXPENSES	`CostsAndExpenses`	$1.83M	USD	Annual
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$298.34K	USD	Annual
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-643.37K	USD	Annual
Other income	`OtherNonoperatingIncome`	$7.35K	USD	Annual
Other income	`OtherNonoperatingIncome`	$6.19K	USD	Annual
Other expenses	`OtherNonoperatingExpense`	$93.00	USD	Annual
Other expenses	`OtherNonoperatingExpense`	-	USD	Annual
Imputed interest expenses	`InterestExpense`	$46.66K	USD	Annual
Imputed interest expenses	`InterestExpense`	$29.60K	USD	Annual
OTHER INCOME (EXPENSES)	`OtherNonoperatingIncomeExpense`	$-22.35K	USD	Annual
OTHER INCOME (EXPENSES)	`OtherNonoperatingIncomeExpense`	$-40.47K	USD	Annual
INCOME (LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-683.84K	USD	Annual
INCOME (LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$275.99K	USD	Annual
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$21.35K	USD	Annual
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$254.64K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-683.84K	USD	Annual
Foreign exchange adjustment loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-118.43K	USD	Annual
Foreign exchange adjustment loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-45.58K	USD	Annual
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-802.27K	USD	Annual
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$209.06K	USD	Annual
Net income (loss) per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Net income (loss) per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average number of common shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	119.96M	shares	Annual
Weighted average number of common shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	119.96M	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$254.64K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-683.84K	USD	Annual
Imputed interest expense	`ImputedInterestExpense`	$46.09K	USD	Annual
Imputed interest expense	`ImputedInterestExpense`	$29.60K	USD	Annual
Depreciation	`Depreciation`	$11.04K	USD	Annual
Depreciation	`Depreciation`	$10.81K	USD	Annual
Deposit, prepayments, and other receivables	`IncreaseDecreaseInOtherReceivables`	$42.72K	USD	Annual
Deposit, prepayments, and other receivables	`IncreaseDecreaseInOtherReceivables`	$-12.07K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.28K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.45K	USD	Annual
Accrual and other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$80.36K	USD	Annual
Accrual and other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$172.99K	USD	Annual
Receipts in advance	`IncreaseDecreaseInReceiptsInAdvance`	$-140.32K	USD	Annual
Receipts in advance	`IncreaseDecreaseInReceiptsInAdvance`	$-311.07K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.49M	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.59M	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$21.35K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-5.65K	USD	Annual
Operating lease right-of-use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAssets`	$-49.45K	USD	Annual
Operating lease right-of-use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAssets`	$-143.56K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-55.08K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-140.00K	USD	Annual
Net cash (used in) generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$996.95K	USD	Annual
Net cash (used in) generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.44M	USD	Annual
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.35K	USD	Annual
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.35K	USD	Annual
Interest payable	`PaymentsOfInterestPayable`	-	USD	Annual
Interest payable	`PaymentsOfInterestPayable`	$46.09K	USD	Annual
(Repayment to) advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-1.12M	USD	Annual
(Repayment to) advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$1.17M	USD	Annual
Advances from holding companies	`ProceedsFromHoldingCompanies`	$10.77K	USD	Annual
Advances from holding companies	`ProceedsFromHoldingCompanies`	-	USD	Annual
Advances from (payment to) director	`ProceedsFromRepaymentsOfOtherDebt`	$1.21K	USD	Annual
Advances from (payment to) director	`ProceedsFromRepaymentsOfOtherDebt`	$-6.46K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.16M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.17M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.56K	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`	$-265.61K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-281.69K	USD	Annual
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.11M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$559.12K	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`	$1.11M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$559.12K	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
Right-of-use asset exchanged for lease liability	`RightofuseAssetExchangedForLeaseLiability`	-	USD	Annual
Right-of-use asset exchanged for lease liability	`RightofuseAssetExchangedForLeaseLiability`	$494.54K	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$-771.84K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-1.57M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-1.29M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$254.64K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-683.84K	USD	Annual
Accumulated other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-45.58K	USD	Annual
Accumulated other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-118.43K	USD	Annual
Reclassify imputed interests of related parties payable from accrual liabilities	`AdjustmentsToAdditionalPaidInCapitalOther`	$46.66K	USD	Annual
Imputed interests of year 2021	`AdjustmentsToAdditionalPaidInCapitalImputesInterests`	$29.60K	USD	Annual
Ending Balance	`StockholdersEquity`	$-771.84K	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-1.57M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-1.29M	USD	Point-in-time

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