10-Q Filing

COSMOS GROUP HOLDINGS INC. CIK: 1706509 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001640334-21-001436`
Period End Date	20210331
Filing Date	20210629
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	cosm-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 43 Cash Flow Statement 40 Stockholders Equity 12

Balance Sheet 40 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
Accounts receivable (including related party), net	`AccountsReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Accounts receivable (including related party), net	`AccountsReceivableRelatedPartiesCurrent`	-	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
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$30.23K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.54M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$33.81K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.54M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$33.81K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$30.23K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$173.78K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$151.17K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$534.26K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$512.54K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$708.03K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$663.71K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$7.86K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$7.89K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$715.90K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$671.60K	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 March 31, 2021 and December 31, 2020	`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 March 31, 2021 and December 31, 2020	`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`	$-1.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.05M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-447.00	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.26K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-637.79K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-405.10K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-389.79K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-685.67K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$33.81K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$30.23K	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$90.39K	USD	1 Quarter
Revenue-related party	`RevenueFromRelatedParties`	-	USD	1 Quarter
Revenue-related party	`RevenueFromRelatedParties`	$-72.91K	USD	1 Quarter
Total revenues, net	`Revenues`	-	USD	1 Quarter
Total revenues, net	`Revenues`	$163.30K	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$112.97K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$50.33K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$56.15K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$49.69K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-49.69K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-56.15K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-49.69K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-5.82K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$1.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$565.00	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Total other (expense) income	`TotalOtherExpenseIncome`	$-564.00	USD	1 Quarter
Total other (expense) income	`TotalOtherExpenseIncome`	-	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-49.69K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.38K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Loss from continuing operation	`IncomeLossFromContinuingOperations`	$-6.38K	USD	1 Quarter
Loss from continuing operation	`IncomeLossFromContinuingOperations`	$-49.69K	USD	1 Quarter
Loss from discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$-6.29K	USD	1 Quarter
Loss from discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-49.69K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-12.67K	USD	1 Quarter
Continuing operations - basic and diluted	`ContinuingOperationsBasicAndDiluted`	-	USD	1 Quarter
Continuing operations - basic and diluted	`ContinuingOperationsBasicAndDiluted`	-	USD	1 Quarter
Discontinued operations - basic and diluted	`DiscontinuedOperationsBasicAndDiluted`	-	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
- Weighted Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.54M	shares	1 Quarter
- Weighted Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.54M	shares	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.81K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.64K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-47.88K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-15.30K	USD	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-49.69K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.67K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$3.50K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$3.06K	USD	1 Quarter
Deferred tax	`DeferredIncomeTaxesAndTaxCredits`	$48.00	USD	1 Quarter
Deferred tax	`DeferredIncomeTaxesAndTaxCredits`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.63K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$23.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.74K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	$-3.60K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	-	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`	$-34.50K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-23.20K	USD	1 Quarter
Advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$23.20K	USD	1 Quarter
Advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$14.11K	USD	1 Quarter
Repayment of lease liability	`RepaymentOfLeaseLiability`	-	USD	1 Quarter
Repayment of lease liability	`RepaymentOfLeaseLiability`	$-4.98K	USD	1 Quarter
Net cash provided by financing activities from discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$5.33K	USD	1 Quarter
Net cash provided by financing activities from discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$23.20K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.46K	USD	1 Quarter
Effect on exchange rate change on cash and cash equivalents	`EffectOnExchangeRateChangeOnCashAndCashEquivalents`	-	USD	1 Quarter
Effect on exchange rate change on cash and cash equivalents	`EffectOnExchangeRateChangeOnCashAndCashEquivalents`	-	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.04K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.77K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$28.82K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.77K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$28.82K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$565.00	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	$3.60K	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-637.79K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-405.10K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-389.79K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-685.67K	USD	Point-in-time
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$1.81K	USD	1 Quarter
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$-2.64K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.69K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.67K	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$-637.79K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-405.10K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-389.79K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-685.67K	USD	Point-in-time

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