10-Q Filing

COSMOS GROUP HOLDINGS INC. CIK: 1706509 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001683168-17-002081`
Period End Date	20170630
Filing Date	20170814
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	cosg-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 72 Cash Flow Statement 36 Stockholders Equity 10

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.73K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.58K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.15K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.37K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	429.85M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$46.28K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$6.50K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	219.22M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	429.85M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$18.87K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$47.86K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	219.22M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$124.16K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$113.48K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$172.02K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$132.35K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.70K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$40.40K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$49.75K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$41.31K	USD	Point-in-time
Current portion of obligation under finance leases	`FinanceLeaseLiabilityCurrent`	$20.12K	USD	Point-in-time
Current portion of obligation under finance leases	`FinanceLeaseLiabilityCurrent`	$20.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$110.15K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$75.13K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$13.13K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$12.87K	USD	Point-in-time
Obligation under finance leases	`FinanceLeaseLiabilityNoncurrent`	$38.33K	USD	Point-in-time
Obligation under finance leases	`FinanceLeaseLiabilityNoncurrent`	$48.63K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$61.50K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$51.47K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$161.62K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$136.63K	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; 429,848,898 and 219,222,938 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$429.85K	USD	Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized; 429,848,898 and 219,222,938 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$219.22K	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-459.12K	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-183.83K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$-29.27K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$35.39K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY	`LiabilitiesAndStockholdersEquity`	$132.35K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY	`LiabilitiesAndStockholdersEquity`	$172.02K	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$279.38K	USD	2 Qtrs
Revenues, net	`Revenues`	$187.66K	USD	1 Quarter
Revenues, net	`Revenues`	$185.78K	USD	2 Qtrs
Revenues, net	`Revenues`	$90.82K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$168.04K	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$75.84K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$200.98K	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$125.39K	USD	1 Quarter
Gross profit	`GrossProfit`	$14.98K	USD	1 Quarter
Gross profit	`GrossProfit`	$62.27K	USD	1 Quarter
Gross profit	`GrossProfit`	$78.40K	USD	2 Qtrs
Gross profit	`GrossProfit`	$17.74K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$79.76K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$126.84K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$80.62K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$43.44K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$43.44K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$126.84K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$79.76K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$80.62K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-48.44K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-28.45K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-18.35K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-62.02K	USD	2 Qtrs
Interest expense	`InterestExpense`	$560.00	USD	1 Quarter
Interest expense	`InterestExpense`	$566.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.12K	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.13K	USD	2 Qtrs
Other income	`OtherIncome`	$2.00	USD	1 Quarter
Other income	`OtherIncome`	$6.00	USD	2 Qtrs
Other income	`OtherIncome`	$142.00	USD	2 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-983.00	USD	2 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-560.00	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-1.13K	USD	2 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-564.00	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-18.91K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-49.42K	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-29.02K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-63.15K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$262.00	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$528.00	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.13K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$53.00	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-49.68K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-29.55K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-18.96K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-64.28K	USD	2 Qtrs
- Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
- Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
- Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
- Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-29.55K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-49.68K	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-18.96K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-64.28K	USD	2 Qtrs
Net loss per share - Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share - Basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net loss per share - Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share - Basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net loss per share - Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per share - Diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Net loss per share - Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per share - Diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	254.64M	shares	2 Qtrs
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	259.68M	shares	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	219.22M	shares	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	219.22M	shares	2 Qtrs
Weighted average common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	254.64M	shares	2 Qtrs
Weighted average common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	219.22M	shares	2 Qtrs
Weighted average common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	259.68M	shares	1 Quarter
Weighted average common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	219.22M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-18.91K	USD	1 Quarter
Net loss	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-49.42K	USD	2 Qtrs
Net loss	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-29.02K	USD	1 Quarter
Net loss	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-63.15K	USD	2 Qtrs
Depreciation of property, plant and equipment	`Depreciation`	$4.96K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$9.92K	USD	2 Qtrs
Depreciation of property, plant and equipment	`Depreciation`	$4.99K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$9.98K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-39.49K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-35.85K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.86K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-34.19K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-21.18K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-34.19K	USD	2 Qtrs
Advance from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-145.02K	USD	2 Qtrs
Advance from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$29.83K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$200.00K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$10.06K	USD	2 Qtrs
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$10.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$19.77K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$44.98K	USD	2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.42K	USD	2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.79K	USD	2 Qtrs
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.73K	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.58K	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.15K	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.37K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.73K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.58K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.15K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.37K	USD	Point-in-time
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$1.12K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$1.13K	USD	2 Qtrs

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-29.27K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$35.39K	USD	Point-in-time
Shares issued for cash proceeds, value	`StockIssuedDuringPeriodValueNewIssues`	$200.00K	USD	2 Qtrs
Shares issued for acquisition of a legal acquirer, value	`StockIssuedDuringPeriodValueIssuedForServices`	$-214.98K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-49.68K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-29.55K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-18.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-64.28K	USD	2 Qtrs
Ending balance, value	`StockholdersEquity`	$-29.27K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$35.39K	USD	Point-in-time

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