10-Q Filing

EZAGOO LTD CIK: 1752372 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-013908`
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 69 Income Statement 38 Cash Flow Statement 45 Stockholders Equity 14

Balance Sheet 69 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`	$484.31K	USD	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
Amount due from related party	`DueFromRelatedPartiesCurrent`	$316.30K	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposits paid, prepayments and other receivables	`DepositsPrepaymnetsAndOtherReceivables`	$63.12K	USD	Point-in-time
Deposits paid, prepayments and other receivables	`DepositsPrepaymnetsAndOtherReceivables`	$124.37K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$924.99K	USD	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
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$8.62K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	119.96M	shares	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$11.32K	USD	Point-in-time
Operating right-of-use assets	`OperatingLeaseRightOfUseAsset`	$350.98K	USD	Point-in-time
Operating right-of-use assets	`OperatingLeaseRightOfUseAsset`	$465.10K	USD	Point-in-time
Operating right-of-use assets	`OperatingLeaseRightOfUseAsset`	$306.85K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.24M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$28.64K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.51K	USD	Point-in-time
Accrued liabilities, other payable and deposits received	`AccruedExpensesOtherPayablesAndDepositsReceived`	$251.13K	USD	Point-in-time
Accrued liabilities, other payable and deposits received	`AccruedExpensesOtherPayablesAndDepositsReceived`	$328.08K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$29.22K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$29.17K	USD	Point-in-time
Amount due to the related parties	`DueToRelatedPartyCurrent`	$2.01M	USD	Point-in-time
Amount due to the related parties	`DueToRelatedPartyCurrent`	$1.81M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$3.09K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$111.39K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$21.35K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$21.35K	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$184.93K	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$187.36K	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$123.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.44M	USD	Point-in-time
Operating lease liabilities, non-current portion	`OperatingLeaseLiabilityNoncurrent`	$169.62K	USD	Point-in-time
Operating lease liabilities, non-current portion	`OperatingLeaseLiabilityNoncurrent`	$121.65K	USD	Point-in-time
Operating lease liabilities, non-current portion	`OperatingLeaseLiabilityNoncurrent`	$345.40K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.60M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.71M	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, 2022 and December 31, 2021, 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, 2022 and December 31, 2021, respectively	`CommonStockValue`	$12.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.38M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-111.31K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-107.50K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.77M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.58M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-1.47M	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 STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-1.49M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.24M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.32M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$452.25K	USD	1 Quarter
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$249.74K	USD	1 Quarter
Cost of revenue for short video produce costs, related party	`CostsAndExpensesRelatedParty`	$5.65K	USD	1 Quarter
Cost of revenue for short video produce costs, related party	`CostsAndExpensesRelatedParty`	$161.81K	USD	1 Quarter
Cost of revenue for rental and related costs	`CostOfRevenue`	$16.08K	USD	1 Quarter
Cost of revenue for rental and related costs	`CostOfRevenue`	$1.32K	USD	1 Quarter
Cost of revenue for salaries and related expenses	`SalariesAndWages`	$1.46K	USD	1 Quarter
Cost of revenue for salaries and related expenses	`SalariesAndWages`	$60.77K	USD	1 Quarter
Sales and marketing expenses	`SellingGeneralAndAdministrativeExpense`	$45.38K	USD	1 Quarter
Sales and marketing expenses	`SellingGeneralAndAdministrativeExpense`	$34.59K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$164.11K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$317.21K	USD	1 Quarter
TOTAL COSTS AND EXPENSES	`CostsAndExpenses`	$378.04K	USD	1 Quarter
TOTAL COSTS AND EXPENSES	`CostsAndExpenses`	$430.33K	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-180.59K	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$74.21K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$5.16K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$1.24K	USD	1 Quarter
Other expenses	`OtherNonoperatingExpense`	$38.00	USD	1 Quarter
Other expenses	`OtherNonoperatingExpense`	-	USD	1 Quarter
Imputed interest expenses	`ImputedInterestExpenses`	$-4.47K	USD	1 Quarter
Imputed interest expenses	`ImputedInterestExpenses`	$11.13K	USD	1 Quarter
OTHER INCOME (EXPENSES)	`OtherNonoperatingIncomeExpense`	$-9.92K	USD	1 Quarter
OTHER INCOME (EXPENSES)	`OtherNonoperatingIncomeExpense`	$9.63K	USD	1 Quarter
(LOSS) INCOME BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$83.84K	USD	1 Quarter
(LOSS) INCOME BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-190.52K	USD	1 Quarter
INCOME TAX EXPENSES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAX EXPENSES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$-190.52K	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$83.84K	USD	1 Quarter
Foreign exchange adjustment (loss) income	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.86K	USD	1 Quarter
Foreign exchange adjustment (loss) income	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-3.81K	USD	1 Quarter
COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$86.70K	USD	1 Quarter
COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$-194.33K	USD	1 Quarter
Net (loss) income per share - Basic and diluted	`EarningsPerShareBasic`	-	USD	1 Quarter
Net (loss) income per share - Basic and diluted	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted average number of common shares outstanding Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	119.96M	shares	1 Quarter
Weighted average number of common shares outstanding Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	119.96M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-190.52K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$83.84K	USD	1 Quarter
Depreciation	`Depreciation`	$2.70K	USD	1 Quarter
Depreciation	`Depreciation`	$2.61K	USD	1 Quarter
Imputed interests	`ImputedInterestExpense`	$-4.58K	USD	1 Quarter
Imputed interests	`ImputedInterestExpense`	$11.13K	USD	1 Quarter
Deposits, prepayments, and other receivables	`IncreaseDecreaseInOtherReceivables`	$5.96K	USD	1 Quarter
Deposits, prepayments, and other receivables	`IncreaseDecreaseInOtherReceivables`	$61.05K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.64K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-14.18K	USD	1 Quarter
Accrued liabilities and other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$52.86K	USD	1 Quarter
Accrued liabilities and other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$76.38K	USD	1 Quarter
Receipts in advance	`IncreaseDecreaseInReceiptsInAdvance`	$-82.27K	USD	1 Quarter
Receipts in advance	`IncreaseDecreaseInReceiptsInAdvance`	-	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-108.42K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$1.30M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	1 Quarter
Operating lease right-of-use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAssets`	$-44.14K	USD	1 Quarter
Operating lease right-of-use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAssets`	$465.10K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$449.61K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-45.53K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.32M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-285.35K	USD	1 Quarter
Advance from (repayment from) related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-684.14K	USD	1 Quarter
Advance from (repayment from) related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$210.34K	USD	1 Quarter
Advance from (repayment from) a director	`ProceedsFromRepaymentsOfOtherDebt`	$-933.48K	USD	1 Quarter
Advance from (repayment from) a director	`ProceedsFromRepaymentsOfOtherDebt`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.62M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$210.34K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$201.00	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`	$-74.81K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-291.40K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$559.12K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$484.31K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$533.33K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$824.73K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$559.12K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$484.31K	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`	$824.73K	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 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.47M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.57M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.29M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.49M	USD	Point-in-time
Imputed interest income (expenses)	`AdjustmentsToAdditionalPaidInCapitalOther`	$11.13K	USD	1 Quarter
Imputed interest income (expenses)	`AdjustmentsToAdditionalPaidInCapitalOther`	$-4.58K	USD	1 Quarter
Net profit (loss)	`NetIncomeLoss`	$-190.52K	USD	1 Quarter
Net profit (loss)	`NetIncomeLoss`	$83.84K	USD	1 Quarter
Other comprehensive gain (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.86K	USD	1 Quarter
Other comprehensive gain (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-3.81K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-1.47M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.57M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.29M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.49M	USD	Point-in-time

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