10-Q Filing

EZAGOO LTD CIK: 1752372 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-024833`
Period End Date	20230331
Filing Date	20230718
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 38 Cash Flow Statement 50 Stockholders Equity 14

Balance Sheet 56 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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
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
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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$454.98K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$463.59K	USD	Point-in-time
Deposits, prepayments and other receivables	`DepositsPrepaymnetsAndOtherReceivablesCurrent`	$9.80K	USD	Point-in-time
Deposits, prepayments and other receivables	`DepositsPrepaymnetsAndOtherReceivablesCurrent`	$43.07K	USD	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$2.07K	USD	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$3.86K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$476.15K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$502.59K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.01K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.12K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$182.64K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$179.86K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$685.24K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$656.02K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.31K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.59K	USD	Point-in-time
Accrual, other payables and deposits received	`AccruedExpensesOtherPayablesAndDepositsReceivedCurrent`	$411.41K	USD	Point-in-time
Accrual, other payables and deposits received	`AccruedExpensesOtherPayablesAndDepositsReceivedCurrent`	$305.96K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$2.85K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$2.84K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.15M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.96M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.17M	USD	Point-in-time
Preferred stocks, $0.0001 par value, 200,000,000 shares authorized, None issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stocks, $0.0001 par value, 200,000,000 shares authorized, None issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stocks, $0.0001 par value, 600,000,000 shares authorized, 119,956,826 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$12.00K	USD	Point-in-time
Common stocks, $0.0001 par value, 600,000,000 shares authorized, 119,956,826 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$12.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.49M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.47M	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$63.54K	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$76.28K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.08M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-2.28M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-1.29M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-2.51M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-1.47M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$685.24K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$656.02K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$76.24K	USD	1 Quarter
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$249.74K	USD	1 Quarter
Cost of revenue - short video produce costs, related party	`CostsAndExpensesRelatedParty`	-	USD	1 Quarter
Cost of revenue - short video produce costs, related party	`CostsAndExpensesRelatedParty`	$5.65K	USD	1 Quarter
Cost of revenue - rental and related costs	`CostOfRevenue`	$1.32K	USD	1 Quarter
Cost of revenue - rental and related costs	`CostOfRevenue`	$25.63K	USD	1 Quarter
Cost of revenue - salaries and related expenses	`SalariesAndWages`	$60.77K	USD	1 Quarter
Cost of revenue - salaries and related expenses	`SalariesAndWages`	$39.49K	USD	1 Quarter
Sales and marketing expenses	`SellingGeneralAndAdministrativeExpense`	$19.98K	USD	1 Quarter
Sales and marketing expenses	`SellingGeneralAndAdministrativeExpense`	$45.38K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$215.45K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$317.21K	USD	1 Quarter
TOTAL COSTS AND EXPENSES	`CostsAndExpenses`	$300.55K	USD	1 Quarter
TOTAL COSTS AND EXPENSES	`CostsAndExpenses`	$430.33K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-224.31K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-180.59K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$1.24K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$56.00	USD	1 Quarter
Other expenses	`OtherNonoperatingExpense`	$38.00	USD	1 Quarter
Other expenses	`OtherNonoperatingExpense`	$5.00	USD	1 Quarter
Imputed interest expenses	`InterestExpense`	$27.49K	USD	1 Quarter
Imputed interest expenses	`InterestExpense`	$11.13K	USD	1 Quarter
TOTAL OTHER EXPENSES	`OtherNonoperatingIncomeExpense`	$-27.44K	USD	1 Quarter
TOTAL OTHER EXPENSES	`OtherNonoperatingIncomeExpense`	$-9.92K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-190.52K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-251.75K	USD	1 Quarter
INCOME TAX EXPENSES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAX EXPENSES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-190.52K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-251.75K	USD	1 Quarter
Foreign exchange adjustment loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-12.74K	USD	1 Quarter
Foreign exchange adjustment loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-3.81K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-194.33K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-264.50K	USD	1 Quarter
Net loss per share - Basic and diluted	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss 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 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-190.52K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-251.75K	USD	1 Quarter
Depreciation	`Depreciation`	$2.51K	USD	1 Quarter
Depreciation	`Depreciation`	$2.70K	USD	1 Quarter
Imputed interests, net	`ImputedInterestExpense`	$11.13K	USD	1 Quarter
Imputed interests, net	`ImputedInterestExpense`	$27.49K	USD	1 Quarter
Deposits, prepayments and other receivables	`IncreaseDecreaseInOtherReceivables`	$61.05K	USD	1 Quarter
Deposits, prepayments and other receivables	`IncreaseDecreaseInOtherReceivables`	$-33.64K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-14.18K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.44K	USD	1 Quarter
Accrual and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$76.38K	USD	1 Quarter
Accrual and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-62.32K	USD	1 Quarter
Receipts in advance	`IncreaseDecreaseInReceiptsInAdvance`	-	USD	1 Quarter
Receipts in advance	`IncreaseDecreaseInReceiptsInAdvance`	$-45.68K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-108.42K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$1.80K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	1 Quarter
Operating lease right-of-use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAssets`	$-44.38K	USD	1 Quarter
Operating lease right-of-use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAssets`	$-44.14K	USD	1 Quarter
Operating lease right-of-use assets, related party	`IncreaseDecreaseInOperatingLeaseRightofuseAssetsRelatedParty`	$-4.17K	USD	1 Quarter
Operating lease right-of-use assets, related party	`IncreaseDecreaseInOperatingLeaseRightofuseAssetsRelatedParty`	-	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-30.49K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-45.53K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-285.35K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-285.69K	USD	1 Quarter
Funds advanced from the related parties	`ProceedsFromRelatedPartyDebt`	$210.34K	USD	1 Quarter
Funds advanced from the related parties	`ProceedsFromRelatedPartyDebt`	$297.70K	USD	1 Quarter
Repayment to a director	`RepaymentsOfOtherDebt`	-	USD	1 Quarter
Repayment to a director	`RepaymentsOfOtherDebt`	$3.93K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$293.76K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$210.34K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$529.00	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$201.00	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-74.81K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$8.61K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$454.98K	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`	$463.59K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$559.12K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$454.98K	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`	$463.59K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$559.12K	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
Operating lease right-of-use asset obtained in exchange for operating lease obligation	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$43.69K	USD	1 Quarter
Operating lease right-of-use asset obtained in exchange for operating lease obligation	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-2.28M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.29M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.51M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.47M	USD	Point-in-time
Imputed interest expenses	`AdjustmentsToAdditionalPaidInCapitalOther`	$27.49K	USD	1 Quarter
Imputed interest expenses	`AdjustmentsToAdditionalPaidInCapitalOther`	$11.13K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-190.52K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-251.75K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-3.81K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-12.74K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-2.28M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.29M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.51M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.47M	USD	Point-in-time

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