10-Q Filing

CHINA INTERNET CAFE HOLDINGS GROUP, INC. CIK: 1373846 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001640334-16-001597`
Period End Date	20160630
Filing Date	20160822
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	cicc-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 76 Cash Flow Statement 46 Stockholders Equity 9

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.54M	USD	Point-in-time
Preferred stock issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.79M	USD	Point-in-time
Rental deposit	`DepositsAssetsCurrent`	$3.33K	USD	Point-in-time
Preferred stock outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Rental deposit	`DepositsAssetsCurrent`	$10.11K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.54M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.58M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.54M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.54M	shares	Point-in-time
Rental deposit-long-term portion	`DepositsAssetsNoncurrent`	$53.83K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.54M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.54M	shares	Point-in-time
Rental deposit-long-term portion	`DepositsAssetsNoncurrent`	$57.74K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$20.95M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$18.60M	USD	Point-in-time
Accounts payable, trade	`AccountsPayableCurrent`	$20.60K	USD	Point-in-time
Accounts payable, trade	`AccountsPayableCurrent`	$107.31K	USD	Point-in-time
Registration penalties payable	`AccountsPayableOtherCurrent`	$641.20K	USD	Point-in-time
Registration penalties payable	`AccountsPayableOtherCurrent`	$641.20K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$169.11K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$147.10K	USD	Point-in-time
Payroll and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$70.25K	USD	Point-in-time
Payroll and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$67.96K	USD	Point-in-time
Income and other taxes payable	`TaxesPayableCurrent`	$15.33K	USD	Point-in-time
Income and other taxes payable	`TaxesPayableCurrent`	$19.55K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$372.99K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$367.54K	USD	Point-in-time
Amount due to a related party	`DueToOfficersOrStockholdersCurrent`	$1.99M	USD	Point-in-time
Amount due to a related party	`DueToOfficersOrStockholdersCurrent`	$1.91M	USD	Point-in-time
Dividend payable on preferred stock	`DividendsPayableCurrent`	$186.56K	USD	Point-in-time
Dividend payable on preferred stock	`DividendsPayableCurrent`	$186.56K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.47M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.47M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.44M	USD	Point-in-time
Convertible preferred stock, $0.00001 par value; 100,000,000 shares authorized; -0- and -0- shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	`PreferredStockValue`	-	USD	Point-in-time
Convertible preferred stock, $0.00001 par value; 100,000,000 shares authorized; -0- and -0- shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.00001 par value; 20,000,000 shares authorized; 5,538,002 and 5,538,002 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$55.00	USD	Point-in-time
Common stock, $0.00001 par value; 20,000,000 shares authorized; 5,538,002 and 5,538,002 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$55.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.23M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.23M	USD	Point-in-time
Statutory reserve	`RetainedEarningsUnappropriated`	$718.74K	USD	Point-in-time
Statutory reserve	`RetainedEarningsUnappropriated`	$718.74K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$906.04K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.21M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$15.13M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.51M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$18.60M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$20.95M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenue, net	`Revenues`	-	USD	2 Qtrs
Revenue, net	`Revenues`	-	USD	1 Quarter
Revenue, net	`Revenues`	-	USD	2 Qtrs
Revenue, net	`Revenues`	-	USD	1 Quarter
Cost of services	`CostOfServices`	-	USD	1 Quarter
Cost of services	`CostOfServices`	-	USD	2 Qtrs
Cost of services	`CostOfServices`	-	USD	2 Qtrs
Cost of services	`CostOfServices`	-	USD	1 Quarter
GROSS LOSS	`GrossProfit`	-	USD	1 Quarter
GROSS LOSS	`GrossProfit`	-	USD	2 Qtrs
GROSS LOSS	`GrossProfit`	-	USD	1 Quarter
GROSS LOSS	`GrossProfit`	-	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$60.99K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$139.51K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$90.99K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$97.11K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$97.11K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$90.99K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$60.99K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$139.51K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-60.99K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-90.99K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-139.51K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-97.11K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	2 Qtrs
Other expenses	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other expenses	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other expenses	`OtherNonoperatingIncomeExpense`	-	USD	2 Qtrs
Other expenses	`OtherNonoperatingIncomeExpense`	-	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	-	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	-	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-90.99K	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-60.99K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-97.11K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-139.51K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Loss from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$-139.51K	USD	2 Qtrs
Loss from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$-60.99K	USD	1 Quarter
Loss from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$-90.99K	USD	2 Qtrs
Loss from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$-97.11K	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-574.81K	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-1.37M	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-1.84M	USD	2 Qtrs
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-1.08M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-671.92K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.93M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.22M	USD	2 Qtrs
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$81.72K	USD	1 Quarter
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-442.07K	USD	2 Qtrs
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$199.93K	USD	2 Qtrs
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-572.20K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-2.00M	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-590.21K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-1.02M	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-2.38M	USD	2 Qtrs
Continuing operation	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	2 Qtrs
Continuing operation	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Continuing operation	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Continuing operation	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	2 Qtrs
Discontinuing operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.25	USD	1 Quarter
Discontinuing operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.33	USD	2 Qtrs
Discontinuing operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.22	USD	2 Qtrs
Discontinuing operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.12	USD	1 Quarter
Weighted average common shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.54M	shares	2 Qtrs
Weighted average common shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.54M	shares	2 Qtrs
Weighted average common shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.54M	shares	1 Quarter
Weighted average common shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.54M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-671.92K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.93M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.22M	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	-	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$661.84K	USD	2 Qtrs
Impairment loss of property and equipment	`GoodwillImpairmentLoss`	$1.57M	USD	2 Qtrs
Impairment loss of property and equipment	`GoodwillImpairmentLoss`	-	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$23.01K	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnDispositionOfAssets`	-	USD	2 Qtrs
Rental deposit	`IncreaseDecreaseInRentalDeposit`	$-11.79K	USD	2 Qtrs
Rental deposit	`IncreaseDecreaseInRentalDeposit`	$-1.50K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-18.94K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-85.64K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$25.81K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$26.09K	USD	2 Qtrs
Payroll and payroll related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-263.52K	USD	2 Qtrs
Payroll and payroll related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-689.00	USD	2 Qtrs
Income and other taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$4.65K	USD	2 Qtrs
Income and other taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-114.99K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-43.76K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$6.32K	USD	2 Qtrs
Amount due to a shareholder	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$182.21K	USD	2 Qtrs
Amount due to a shareholder	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$82.04K	USD	2 Qtrs
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$758.52K	USD	2 Qtrs
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-326.55K	USD	2 Qtrs
Increase of property, plant and equipment	`PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease`	-	USD	2 Qtrs
Increase of property, plant and equipment	`PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease`	$-2.69K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.69K	USD	2 Qtrs
Effect of foreign currency translation on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-437.99K	USD	2 Qtrs
Effect of foreign currency translation on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$191.08K	USD	2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-764.54K	USD	2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-570.13K	USD	2 Qtrs
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$23.79M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$19.30M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$23.22M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$18.54M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$23.22M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$18.54M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$19.30M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$23.79M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.13M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.51M	USD	Point-in-time
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-442.07K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-671.92K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.93M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.22M	USD	2 Qtrs
Ending Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.13M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.51M	USD	Point-in-time

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