10-Q Filing

COSMOS GROUP HOLDINGS INC. CIK: 1706509 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001640334-20-002161`
Period End Date	20200630
Filing Date	20200817
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	cosm-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 93 Cash Flow Statement 42 Stockholders Equity 10

Balance Sheet 50 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	`Cash`	$8.77K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`Cash`	$28.82K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$103.27K	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`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.54M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.54M	shares	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedParties`	$103.27K	USD	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedParties`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$116.17K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$93.39K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$40.81K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$47.51K	USD	Point-in-time
Asset classified as discontinued operation	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	$31.16K	USD	Point-in-time
Asset classified as discontinued operation	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	-	USD	Point-in-time
Total Assets	`Assets`	$172.06K	USD	Point-in-time
Total Assets	`Assets`	$156.97K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$166.57K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$71.22K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$416.23K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$462.05K	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.35K	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiabilityCurrent`	$8.33K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$7.13K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$11.96K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$639.10K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$507.74K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$7.84K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$7.89K	USD	Point-in-time
Liability classified as discontinued operation	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Liability classified as discontinued operation	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$46.27K	USD	Point-in-time
Total liabilities	`Liabilities`	$561.85K	USD	Point-in-time
Total liabilities	`Liabilities`	$646.99K	USD	Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized, 21,536,933 shares issued and outstanding as of June 30, 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 June 30, 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`	$-806.84K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-904.74K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.33K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-389.79K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-490.01K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$172.06K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$156.97K	USD	Point-in-time

Income Statement 93 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenue`	$139.00	USD	1 Quarter
Revenue	`SalesRevenue`	$265.55K	USD	2 Qtrs
Revenue	`SalesRevenue`	$137.55K	USD	1 Quarter
Revenue	`SalesRevenue`	$90.53K	USD	2 Qtrs
Revenue-related party	`RevenueFromRelatedParties`	$103.19K	USD	2 Qtrs
Revenue-related party	`RevenueFromRelatedParties`	-	USD	1 Quarter
Revenue-related party	`RevenueFromRelatedParties`	$30.28K	USD	1 Quarter
Revenue-related party	`RevenueFromRelatedParties`	-	USD	2 Qtrs
Total revenues, net	`Revenues`	$137.55K	USD	1 Quarter
Total revenues, net	`Revenues`	$30.41K	USD	1 Quarter
Total revenues, net	`Revenues`	$265.55K	USD	2 Qtrs
Total revenues, net	`Revenues`	$193.72K	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$131.35K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$62.62K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$224.02K	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$175.59K	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$18.13K	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$41.53K	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$-32.20K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$6.20K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$130.28K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$74.12K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$120.83K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$204.37K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-114.63K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-112.14K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-106.33K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-162.84K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$1.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$2.00	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$1.00	USD	2 Qtrs
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$943.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.12K	USD	2 Qtrs
Interest expense	`InterestExpense`	$562.00	USD	1 Quarter
Interest expense	`InterestExpense`	$378.00	USD	1 Quarter
Total other income (expense)	`OtherOperatingIncome`	$-1.12K	USD	2 Qtrs
Total other income (expense)	`OtherOperatingIncome`	$-562.00	USD	1 Quarter
Total other income (expense)	`OtherOperatingIncome`	$-941.00	USD	2 Qtrs
Total other income (expense)	`OtherOperatingIncome`	$-377.00	USD	1 Quarter
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-106.70K	USD	1 Quarter
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-113.09K	USD	2 Qtrs
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-163.96K	USD	2 Qtrs
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-115.20K	USD	1 Quarter
Income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	2 Qtrs
Income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	1 Quarter
Income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	2 Qtrs
Income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-113.09K	USD	2 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-163.96K	USD	2 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-115.20K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-106.70K	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	2 Qtrs
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-6.29K	USD	Point-in-time
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	2 Qtrs
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Gain on disposal of discontinued operations, net of tax	`DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss`	$21.47K	USD	2 Qtrs
Gain on disposal of discontinued operations, net of tax	`DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss`	-	USD	2 Qtrs
Gain on disposal of discontinued operations, net of tax	`DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss`	-	USD	1 Quarter
Gain on disposal of discontinued operations, net of tax	`DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss`	$21.47K	USD	1 Quarter
Net loss	`ProfitLoss`	$-163.96K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-97.90K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-85.23K	USD	1 Quarter
Net loss	`ProfitLoss`	$-115.20K	USD	1 Quarter
Net loss	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-163.96K	USD	2 Qtrs
Net loss	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-85.23K	USD	1 Quarter
Net loss	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-115.20K	USD	1 Quarter
Net loss	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-97.90K	USD	2 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.33K	USD	2 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$311.00	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-84.92K	USD	1 Quarter
Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-163.96K	USD	2 Qtrs
Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-115.20K	USD	1 Quarter
Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-100.22K	USD	2 Qtrs
Continuing operations - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	2 Qtrs
Continuing operations - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Continuing operations - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Continuing operations - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	2 Qtrs
Discontinued operations - basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	2 Qtrs
Discontinued operations - basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Discontinued operations - basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	2 Qtrs
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	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.54M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.49M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.49M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.54M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-97.90K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-163.96K	USD	2 Qtrs
Depreciation	`Depreciation`	$4.96K	USD	1 Quarter
Depreciation	`Depreciation`	$3.64K	USD	1 Quarter
Depreciation	`Depreciation`	$6.70K	USD	2 Qtrs
Depreciation	`Depreciation`	$9.92K	USD	2 Qtrs
Gain on disposal of discontinued operations	`GainOnDisposalOfDiscontinuedOperations`	-	USD	2 Qtrs
Gain on disposal of discontinued operations	`GainOnDisposalOfDiscontinuedOperations`	$-21.47K	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-42.82K	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.12K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$20.28K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$95.35K	USD	2 Qtrs
Increase (decrease) in income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-4.83K	USD	2 Qtrs
Increase (decrease) in income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	2 Qtrs
Net cash provided by operating activities from discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$1.04K	USD	2 Qtrs
Net cash provided by operating activities from discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-121.64K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-63.93K	USD	2 Qtrs
Advance from related parties	`ProceedsFromRelatedPartyDebt`	$128.21K	USD	2 Qtrs
Advance from related parties	`ProceedsFromRelatedPartyDebt`	$43.49K	USD	2 Qtrs
Repayment of finance lease	`RepaymentOfFinanceLease`	$-10.00K	USD	2 Qtrs
Repayment of finance lease	`RepaymentOfFinanceLease`	$-4.98K	USD	2 Qtrs
Net cash provided by financing activities from discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$5.33K	USD	2 Qtrs
Net cash provided by financing activities from discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$118.21K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$43.84K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$45.00	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.04K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.43K	USD	2 Qtrs
Beginning	`CashAndCashEquivalentsAtCarryingValue`	$8.72K	USD	Point-in-time
Beginning	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
Beginning	`CashAndCashEquivalentsAtCarryingValue`	$28.82K	USD	Point-in-time
Beginning	`CashAndCashEquivalentsAtCarryingValue`	$8.77K	USD	Point-in-time
Ending	`CashAndCashEquivalentsAtCarryingValue`	$8.72K	USD	Point-in-time
Ending	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
Ending	`CashAndCashEquivalentsAtCarryingValue`	$28.82K	USD	Point-in-time
Ending	`CashAndCashEquivalentsAtCarryingValue`	$8.77K	USD	Point-in-time
Interest	`InterestPaidNet`	$566.00	USD	2 Qtrs
Interest	`InterestPaidNet`	$1.12K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$4.83K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-389.79K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-490.01K	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.33K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$311.00	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-97.90K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-163.96K	USD	2 Qtrs
Balance, amount	`StockholdersEquity`	$-389.79K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-490.01K	USD	Point-in-time

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