10-Q Filing

COSMOS GROUP HOLDINGS INC. CIK: 1706509 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001640334-20-001613`
Period End Date	20200331
Filing Date	20200629
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	cosm-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 42 Cash Flow Statement 38 Stockholders Equity 12

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.82K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.06K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.77K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$64.57K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.54M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.54M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$4.12K	USD	Point-in-time
Accounts receivable-related party	`AccountsReceivableRelatedParties`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.54M	shares	Point-in-time
Accounts receivable-related party	`AccountsReceivableRelatedParties`	$73.08K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.54M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$85.98K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$93.39K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$44.45K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$47.51K	USD	Point-in-time
Assets from discontinued operation	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	$28.91K	USD	Point-in-time
Assets from discontinued operation	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	$31.16K	USD	Point-in-time
Total Assets	`Assets`	$172.06K	USD	Point-in-time
Total Assets	`Assets`	$159.34K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$61.48K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$71.22K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$432.97K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$416.23K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$8.33K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$3.35K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$11.96K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$8.36K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$506.16K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$507.74K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$7.89K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$7.84K	USD	Point-in-time
Liabilities from discontinued operation	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$50.38K	USD	Point-in-time
Liabilities from discontinued operation	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$46.27K	USD	Point-in-time
Total liabilities	`Liabilities`	$564.43K	USD	Point-in-time
Total liabilities	`Liabilities`	$561.85K	USD	Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized, 21,536,933 shares issued and outstanding as of March 31, 2020 and December 31, 2019	`CommonStockValue`	$21.54K	USD	Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized, 21,536,933 shares issued and outstanding as of March 31, 2020 and December 31, 2019	`CommonStockValue`	$21.54K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$395.52K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$395.52K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-819.51K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-806.84K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.64K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-150.58K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-101.81K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-389.79K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-405.10K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$172.06K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$159.34K	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Sales revenue	`SalesRevenue`	$90.39K	USD	1 Quarter
Sales revenue	`SalesRevenue`	$128.00K	USD	1 Quarter
Sales revenue-related party	`RevenueFromRelatedParties`	$72.91K	USD	1 Quarter
Sales revenue-related party	`RevenueFromRelatedParties`	-	USD	1 Quarter
Total revenues, net	`Revenues`	$128.00K	USD	1 Quarter
Total revenues, net	`Revenues`	$163.30K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$112.97K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$92.67K	USD	1 Quarter
Gross profit	`GrossProfit`	$50.33K	USD	1 Quarter
Gross profit	`GrossProfit`	$35.33K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$83.54K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$56.15K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.82K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-48.20K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$1.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$1.00	USD	1 Quarter
Interest expense	`InterestExpense`	$565.00	USD	1 Quarter
Interest expense	`InterestExpense`	$563.00	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-562.00	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-564.00	USD	1 Quarter
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-6.38K	USD	1 Quarter
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-48.77K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-6.38K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-48.77K	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-6.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.67K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-48.77K	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.64K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-48.77K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-15.30K	USD	1 Quarter
Continuing operations - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Continuing operations - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Discontinued operations - basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Discontinued operations - basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.54M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.49M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.67K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-48.77K	USD	1 Quarter
Depreciation	`Depreciation`	$4.96K	USD	1 Quarter
Depreciation	`Depreciation`	$3.06K	USD	1 Quarter
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$48.00	USD	1 Quarter
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.37K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.63K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.65K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.74K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	-	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	$-3.60K	USD	1 Quarter
Net cash provided by operating activities from discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$1.04K	USD	1 Quarter
Net cash provided by operating activities from discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.53K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.50K	USD	1 Quarter
Advance from related parties	`ProceedsFromRelatedPartyDebt`	$45.44K	USD	1 Quarter
Advance from related parties	`ProceedsFromRelatedPartyDebt`	$14.11K	USD	1 Quarter
Repayment of lease liability	`RepaymentsOfLongTermCapitalLeaseObligations`	$-5.00K	USD	1 Quarter
Repayment of lease liability	`RepaymentsOfLongTermCapitalLeaseObligations`	$-4.98K	USD	1 Quarter
Net cash provided by financing activities from discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash provided by financing activities from discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$5.33K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.44K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.46K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.09K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.04K	USD	1 Quarter
Beginning	`CashAndCashEquivalentsAtCarryingValue`	$28.82K	USD	Point-in-time
Beginning	`CashAndCashEquivalentsAtCarryingValue`	$3.06K	USD	Point-in-time
Beginning	`CashAndCashEquivalentsAtCarryingValue`	$8.77K	USD	Point-in-time
Beginning	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
Ending	`CashAndCashEquivalentsAtCarryingValue`	$28.82K	USD	Point-in-time
Ending	`CashAndCashEquivalentsAtCarryingValue`	$3.06K	USD	Point-in-time
Ending	`CashAndCashEquivalentsAtCarryingValue`	$8.77K	USD	Point-in-time
Ending	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
Interest	`InterestPaidNet`	$565.00	USD	1 Quarter
Interest	`InterestPaidNet`	$563.00	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$3.60K	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-150.58K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-101.81K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-389.79K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-405.10K	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.64K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.67K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-48.77K	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$-150.58K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-101.81K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-389.79K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-405.10K	USD	Point-in-time

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