10-Q Filing

AIXIN LIFE INTERNATIONAL, INC. CIK: 835662 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-013527`
Period End Date	20220331
Filing Date	20220516
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 40 Cash Flow Statement 52 Stockholders Equity 14

Balance Sheet 84 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 cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.56M	USD	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.59M	USD	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCash`	$44.21K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$58.65K	USD	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$45.92K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$70.95K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Other receivables and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$143.28K	USD	Point-in-time
Other receivables and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$150.83K	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
Advances to suppliers	`Supplies`	$154.42K	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	50.00M	shares	Point-in-time
Advances to suppliers	`Supplies`	$162.97K	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	50.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.00M	shares	Point-in-time
Inventory	`InventoryNet`	$233.45K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.00M	shares	Point-in-time
Inventory	`InventoryNet`	$253.58K	USD	Point-in-time
Advances to related parties	`DueFromRelatedPartiesCurrent`	$46.00K	USD	Point-in-time
Advances to related parties	`DueFromRelatedPartiesCurrent`	$19.05K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.21M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$262.66K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$290.15K	USD	Point-in-time
Intangible asset, net	`IntangibleAssetsNetExcludingGoodwill`	$1.29K	USD	Point-in-time
Intangible asset, net	`IntangibleAssetsNetExcludingGoodwill`	$1.94K	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$18.80K	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$18.40K	USD	Point-in-time
Security deposit	`SecurityDeposit`	$94.15K	USD	Point-in-time
Security deposit	`SecurityDeposit`	$94.65K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.05M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.70M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$207.05K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	1.39M	CNY	Point-in-time
Total assets	`Assets`	$11.66M	USD	Point-in-time
Total assets	`Assets`	$11.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$406.16K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$410.87K	USD	Point-in-time
Unearned revenue	`DeferredRevenue`	$171.41K	USD	Point-in-time
Unearned revenue	`DeferredRevenue`	$187.89K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$232.64K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$234.49K	USD	Point-in-time
Accrued liabilities and other payables	`OtherAccountsPayableAndAccruedLiabilities`	$752.40K	USD	Point-in-time
Accrued liabilities and other payables	`OtherAccountsPayableAndAccruedLiabilities`	$878.80K	USD	Point-in-time
Loan from third parties	`ShortTermNonBankLoansAndNotesPayable`	$94.65K	USD	Point-in-time
Loan from third parties	`ShortTermNonBankLoansAndNotesPayable`	$94.15K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$848.23K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$820.77K	USD	Point-in-time
Advance from related parties	`DueToRelatedPartiesCurrent`	$2.49M	USD	Point-in-time
Advance from related parties	`DueToRelatedPartiesCurrent`	$1.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.12M	USD	Point-in-time
Operating lease liabilities - non-current	`OperatingLeaseLiabilityNoncurrent`	$843.97K	USD	Point-in-time
Operating lease liabilities - non-current	`OperatingLeaseLiabilityNoncurrent`	$1.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.96M	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 shares issued and outstanding as of March 31, 2022 and December 31, 2021	`CommonStockValue`	$500.00	USD	Point-in-time
Common stock, par value $0.00001 per share, 500,000,000 shares authorized; 49,999,891 shares issued and outstanding as of March 31, 2022 and December 31, 2021	`CommonStockValue`	$500.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$14.18M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$14.09M	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`	$-8.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.63M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$742.69K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$710.82K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.89M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.07M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.44M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$7.17M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$11.66M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$11.40M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Total revenue, net	`Revenues`	$698.16K	USD	1 Quarter
Total revenue, net	`Revenues`	$418.68K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServiceSold`	$135.66K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServiceSold`	$124.52K	USD	1 Quarter
Hotel operating costs	`HotelOperatingCosts`	-	USD	1 Quarter
Hotel operating costs	`HotelOperatingCosts`	$511.62K	USD	1 Quarter
Selling	`SellingExpense`	$53.19K	USD	1 Quarter
Selling	`SellingExpense`	$189.59K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$244.80K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$194.25K	USD	1 Quarter
Provision for bad debts	`ReversalOfProvisionForBadDebts`	$27.42K	USD	1 Quarter
Provision for bad debts	`ReversalOfProvisionForBadDebts`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$92.89K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$92.89K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$1.19M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$475.99K	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$222.17K	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-772.15K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$1.22K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$1.33K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$19.43K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$160.00	USD	1 Quarter
Other expenses	`OtherNonoperatingExpense`	$197.00	USD	1 Quarter
Other expenses	`OtherNonoperatingExpense`	$1.85K	USD	1 Quarter
Total non-operating income (expenses), net	`NonoperatingIncomeExpense`	$-468.00	USD	1 Quarter
Total non-operating income (expenses), net	`NonoperatingIncomeExpense`	$20.57K	USD	1 Quarter
(Loss) income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-751.59K	USD	1 Quarter
(Loss) income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$221.70K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$492.00	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$221.70K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-752.08K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-32.61K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$31.86K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$189.09K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-720.22K	USD	1 Quarter
(Loss) income per share - basic and diluted	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
(Loss) income per share - basic and diluted	`EarningsPerShareBasic`	$0.00	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	50.00M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	50.00M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$221.70K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-752.08K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.22K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$29.64K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$27.42K	USD	1 Quarter
Operating lease expense	`OperatingLeaseExpense`	$229.24K	USD	1 Quarter
Operating lease expense	`OperatingLeaseExpense`	$41.30K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$92.89K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$92.89K	USD	1 Quarter
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$492.00	USD	1 Quarter
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$52.17K	USD	1 Quarter
Other receivables and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.81K	USD	1 Quarter
Other receivables and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.93K	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseInDueToRelatedParties`	$-2.31K	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseInDueToRelatedParties`	$9.42K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$102.83K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$18.88K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.56K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Unearned revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$2.78K	USD	1 Quarter
Unearned revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$12.94K	USD	1 Quarter
Taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$593.00	USD	1 Quarter
Taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-73.29K	USD	1 Quarter
Payment of lease liability	`OperatingLeasePayments`	$41.30K	USD	1 Quarter
Payment of lease liability	`OperatingLeasePayments`	$203.67K	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.39K	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$124.90K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$141.84K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-503.52K	USD	1 Quarter
Change in advance from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$504.63K	USD	1 Quarter
Change in advance from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-148.77K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$504.63K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-148.77K	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGE CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-31.32K	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGE CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$46.37K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-38.24K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$47.48K	USD	1 Quarter
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.60M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.68M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.65M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.64M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.60M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.68M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.65M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED 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, value	`StockholdersEquity`	$6.89M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$6.07M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$5.44M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$7.17M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$92.89K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$92.89K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$221.70K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-752.08K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-32.61K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$31.86K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$6.89M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$6.07M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$5.44M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$7.17M	USD	Point-in-time

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