10-Q Filing

COSMOS GROUP HOLDINGS INC. CIK: 1706509 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001640334-21-001899`
Period End Date	20210630
Filing Date	20210816
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	cosg_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 94 Cash Flow Statement 48 Stockholders Equity 22

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
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$33.81K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.54M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$33.81K	USD	Point-in-time
TOTAL ASSETS	`Assets`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.54M	shares	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 payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$151.17K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$512.54K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.00K	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`	-	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$6.00K	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; 2,000,000,000 shares authorized; 21,536,933 and 21,536,933 shares issued and outstanding as of June 30, 2021 and December 31, 2020	`CommonStockValue`	$21.54K	USD	Point-in-time
Common stock, $0.001 par value; 2,000,000,000 shares authorized; 21,536,933 and 21,536,933 shares issued and outstanding as of June 30, 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 losses	`RetainedEarningsAccumulatedDeficit`	$-1.05M	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-421.61K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.26K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.44K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-405.10K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-637.79K	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 stockholders' deficit	`StockholdersEquity`	$-685.67K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-6.00K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$33.81K	USD	Point-in-time

Income Statement 94 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$90.53K	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$139.00	USD	1 Quarter
Revenue-related party	`RevenueFromRelatedParties`	$30.28K	USD	1 Quarter
Revenue-related party	`RevenueFromRelatedParties`	-	USD	1 Quarter
Revenue-related party	`RevenueFromRelatedParties`	-	USD	2 Qtrs
Revenue-related party	`RevenueFromRelatedParties`	$103.19K	USD	2 Qtrs
Revenue, net	`RevenueNet`	-	USD	1 Quarter
Revenue, net	`RevenueNet`	-	USD	2 Qtrs
Revenue, net	`RevenueNet`	$193.72K	USD	2 Qtrs
Revenue, net	`RevenueNet`	$30.41K	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	-	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$62.62K	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$175.59K	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
GROSS PROFIT (LOSS)	`GrossProfit`	$18.13K	USD	2 Qtrs
GROSS PROFIT (LOSS)	`GrossProfit`	-	USD	1 Quarter
GROSS PROFIT (LOSS)	`GrossProfit`	$-32.20K	USD	1 Quarter
GROSS PROFIT (LOSS)	`GrossProfit`	-	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$55.67K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$130.28K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$74.12K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.97K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$130.28K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$55.67K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$74.12K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.97K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-55.67K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-106.33K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-5.97K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-112.14K	USD	2 Qtrs
Gain on disposal of subsidiaries	`GainOnDisposalOfSubsidiaries`	-	USD	1 Quarter
Gain on disposal of subsidiaries	`GainOnDisposalOfSubsidiaries`	$173.81K	USD	1 Quarter
Gain on disposal of subsidiaries	`GainOnDisposalOfSubsidiaries`	$173.81K	USD	2 Qtrs
Gain on disposal of subsidiaries	`GainOnDisposalOfSubsidiaries`	-	USD	2 Qtrs
Gain from forgiveness of related party's debt	`GainFromForgivenessOfRelatedPartysDebt`	-	USD	1 Quarter
Gain from forgiveness of related party's debt	`GainFromForgivenessOfRelatedPartysDebt`	-	USD	2 Qtrs
Gain from forgiveness of related party's debt	`GainFromForgivenessOfRelatedPartysDebt`	$512.83K	USD	1 Quarter
Gain from forgiveness of related party's debt	`GainFromForgivenessOfRelatedPartysDebt`	$512.83K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	-	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$2.00	USD	2 Qtrs
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest income	`InterestIncomeOther`	$1.00	USD	1 Quarter
Interest expense	`InterestExpense`	$943.00	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$378.00	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$686.64K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-377.00	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-941.00	USD	2 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$686.64K	USD	2 Qtrs
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$680.66K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-113.09K	USD	2 Qtrs
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-106.70K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$630.97K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income (loss) from continuing operation	`IncomeLossFromContinuingOperations`	$-113.09K	USD	2 Qtrs
Income (loss) from continuing operation	`IncomeLossFromContinuingOperations`	$680.66K	USD	1 Quarter
Income (loss) from continuing operation	`IncomeLossFromContinuingOperations`	$630.97K	USD	2 Qtrs
Income (loss) from continuing operation	`IncomeLossFromContinuingOperations`	$-106.70K	USD	1 Quarter
Loss from discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	1 Quarter
Loss from discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$-6.29K	USD	2 Qtrs
Loss from discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	1 Quarter
Loss from discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	2 Qtrs
Gain on disposal of discontinued operations, net of tax	`GainOnDisposalOfDiscontinuedOperationsNetOfTax`	$21.47K	USD	2 Qtrs
Gain on disposal of discontinued operations, net of tax	`GainOnDisposalOfDiscontinuedOperationsNetOfTax`	-	USD	2 Qtrs
Gain on disposal of discontinued operations, net of tax	`GainOnDisposalOfDiscontinuedOperationsNetOfTax`	$21.47K	USD	1 Quarter
Gain on disposal of discontinued operations, net of tax	`GainOnDisposalOfDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-97.90K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-12.67K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-49.69K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$680.66K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-85.23K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$630.97K	USD	2 Qtrs
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$822.00	USD	2 Qtrs
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$311.00	USD	1 Quarter
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.33K	USD	2 Qtrs
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-989.00	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-100.22K	USD	2 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$679.67K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$631.79K	USD	2 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-84.92K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.03	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.03	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.54M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.54M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.54M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.54M	shares	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-97.90K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-12.67K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-49.69K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$680.66K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-85.23K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$630.97K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	-	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$6.70K	USD	2 Qtrs
Gain on disposal of subsidiaries	`GainOnDisposalOfSubsidiarie`	$-173.81K	USD	2 Qtrs
Gain on disposal of subsidiaries	`GainOnDisposalOfSubsidiarie`	-	USD	2 Qtrs
Gain from forgiveness of related party's debt	`GainFromForgivenessOfRelatedPartysDebts`	-	USD	2 Qtrs
Gain from forgiveness of related party's debt	`GainFromForgivenessOfRelatedPartysDebts`	$-512.83K	USD	2 Qtrs
Gain on disposal of discontinued operations	`GainOnDisposalOfDiscontinuedOperation`	-	USD	2 Qtrs
Gain on disposal of discontinued operations	`GainOnDisposalOfDiscontinuedOperation`	$-21.47K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-42.82K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$95.35K	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	$-4.83K	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	-	USD	2 Qtrs
Net cash provided by operating activities from discontinued operation	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$1.04K	USD	2 Qtrs
Net cash provided by operating activities from discontinued operation	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.67K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-63.93K	USD	2 Qtrs
Advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-49.67K	USD	2 Qtrs
Advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$43.49K	USD	2 Qtrs
Repayment of finance lease	`RepaymentOfFinanceLeases`	$-4.98K	USD	2 Qtrs
Repayment of finance lease	`RepaymentOfFinanceLeases`	-	USD	2 Qtrs
Net cash provided by financing activities from discontinued operation	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	2 Qtrs
Net cash provided by financing activities from discontinued operation	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$5.33K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-49.67K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$43.84K	USD	2 Qtrs
Effect on exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	2 Qtrs
Effect on exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$45.00	USD	2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.04K	USD	2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$28.82K	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`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$28.82K	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`	-	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$566.00	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	$4.83K	USD	2 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-405.10K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-637.79K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-389.79K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-490.01K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-685.67K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-6.00K	USD	Point-in-time
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$311.00	USD	1 Quarter
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$-2.64K	USD	1 Quarter
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$-989.00	USD	1 Quarter
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$1.81K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-97.90K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-12.67K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.69K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$680.66K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-85.23K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$630.97K	USD	2 Qtrs
Balance, amount	`StockholdersEquity`	$-405.10K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-637.79K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-389.79K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-490.01K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-685.67K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-6.00K	USD	Point-in-time

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