10-K Filing

COSMOS GROUP HOLDINGS INC. CIK: 1706509 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001640334-21-001427`
Period End Date	20201231
Filing Date	20210625
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	cosm-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 48 Cash Flow Statement 50 Stockholders Equity 10

Balance Sheet 52 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	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`	$12.15K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Accounts receivable (including related party), net	`AccountsReceivableRelatedParties`	$64.57K	USD	Point-in-time
Accounts receivable (including related party), net	`AccountsReceivableRelatedParties`	-	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
Total current assets	`AssetsCurrent`	$93.39K	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
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$33.81K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$47.51K	USD	Point-in-time
Assets classified as discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	-	USD	Point-in-time
Assets classified as discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$31.16K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$33.81K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$172.06K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$151.17K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$71.22K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$512.54K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$416.23K	USD	Point-in-time
Lease liability	`FinanceLeaseLiabilityCurrent`	-	USD	Point-in-time
Lease liability	`FinanceLeaseLiabilityCurrent`	$8.33K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$11.96K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$507.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$663.71K	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 classified as discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$46.27K	USD	Point-in-time
Liabilities classified as discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$671.60K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$561.85K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized; 21,536,933 and 21,536,933 shares issued and outstanding as of December 31, 2020 and 2019	`CommonStockValue`	$21.54K	USD	Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized; 21,536,933 and 21,536,933 shares issued and outstanding as of December 31, 2020 and 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`	$-1.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-806.84K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.26K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	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`	$-637.79K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$172.06K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$33.81K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$90.54K	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$671.29K	USD	Annual
Revenue - related party	`RevenueFromRelatedParties`	-	USD	Annual
Revenue - related party	`RevenueFromRelatedParties`	$44.78K	USD	Annual
Total revenues, net	`Revenues`	$135.32K	USD	Annual
Total revenues, net	`Revenues`	$671.29K	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$570.23K	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$125.34K	USD	Annual
Gross profit	`GrossProfit`	$9.98K	USD	Annual
Gross profit	`GrossProfit`	$101.06K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$780.58K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$269.97K	USD	Annual
Total operating expenses	`OtherNoncashIncomeExpense`	$-780.58K	USD	Annual
Total operating expenses	`OtherNoncashIncomeExpense`	$-269.97K	USD	Annual
Loss from operation	`OperatingIncomeLoss`	$-679.51K	USD	Annual
Loss from operation	`OperatingIncomeLoss`	$-259.99K	USD	Annual
Gain on disposal of plant and equipment	`GainLossOnDispositionOfAssets1`	$8.41K	USD	Annual
Gain on disposal of plant and equipment	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Interest expense	`InterestExpense`	$943.00	USD	Annual
Interest expense	`InterestExpense`	$2.25K	USD	Annual
Interest income	`InterestIncomeOther`	$2.00	USD	Annual
Interest income	`InterestIncomeOther`	$2.00	USD	Annual
Total other (expense) income	`TotalOtherExpenseIncome`	$-941.00	USD	Annual
Total other (expense) income	`TotalOtherExpenseIncome`	$6.17K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-260.93K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-673.35K	USD	Annual
Income tax benefit	`IncomeTaxBenefit`	$4.92K	USD	Annual
Income tax benefit	`IncomeTaxBenefit`	-	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-260.93K	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-668.43K	USD	Annual
Loss from discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$-6.29K	USD	Annual
Loss from discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$-15.10K	USD	Annual
Gain on disposal of discontinued operations, net of tax	`GainOnDisposalOfDiscontinuedOperationsNetOfTax`	$21.47K	USD	Annual
Gain on disposal of discontinued operations, net of tax	`GainOnDisposalOfDiscontinuedOperationsNetOfTax`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-683.54K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-245.74K	USD	Annual
- Foreign currency translation loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.26K	USD	Annual
- Foreign currency translation loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-248.00K	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-683.54K	USD	Annual
Continuing operations - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	Annual
Continuing operations - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.03	USD	Annual
Discontinued operations - basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	Annual
Discontinued operations - basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.54M	shares	Annual
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.49M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-683.54K	USD	Annual
Net loss	`NetIncomeLoss`	$-245.74K	USD	Annual
Depreciation	`Depreciation`	$13.98K	USD	Annual
Depreciation	`Depreciation`	$18.35K	USD	Annual
Gain on disposal of discontinued operations	`DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss`	$-21.47K	USD	Annual
Gain on disposal of discontinued operations	`DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss`	-	USD	Annual
Gain on disposal of plant and equipment	`GainLossOnDispositionOfAssets1`	$8.41K	USD	Annual
Gain on disposal of plant and equipment	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$395.56K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	-	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$48.92K	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.47K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.65K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$79.95K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$27.18K	USD	Annual
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	$-11.96K	USD	Annual
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	$-9.54K	USD	Annual
Net cash provided by (used in) operating activities from discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$1.04K	USD	Annual
Net cash provided by (used in) operating activities from discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-8.93K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-279.80K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-119.62K	USD	Annual
Proceeds from disposal of plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from disposal of plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$26.28K	USD	Annual
Net cash used in investing activities from discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-19.67K	USD	Annual
Net cash used in investing activities from discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.61K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$96.31K	USD	Annual
Advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$266.15K	USD	Annual
Repayment of lease liability	`RepaymentsOfLongTermCapitalLeaseObligations`	$8.33K	USD	Annual
Repayment of lease liability	`RepaymentsOfLongTermCapitalLeaseObligations`	$20.00K	USD	Annual
Net cash provided by financing activities from discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$5.33K	USD	Annual
Net cash provided by financing activities from discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$43.70K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$289.86K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$93.30K	USD	Annual
Foreign currency translation adjustment	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.50K	USD	Annual
Foreign currency translation adjustment	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$16.67K	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-28.82K	USD	Annual
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$28.82K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$28.82K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for tax	`IncomeTaxesPaidNet`	$943.00	USD	Annual
Cash paid for interest	`InterestPaidNet`	$2.25K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$11.96K	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-101.81K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-389.79K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-637.79K	USD	Point-in-time
Shares issued for service rendered, amount	`SharesIssuedForServiceRenderedAmount`	$395.56K	USD	Annual
Net loss	`NetIncomeLoss`	$-683.54K	USD	Annual
Net loss	`NetIncomeLoss`	$-245.74K	USD	Annual
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$-2.26K	USD	Annual
Balance, amount	`StockholdersEquity`	$-101.81K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-389.79K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-637.79K	USD	Point-in-time

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