10-Q Filing

COSMOS GROUP HOLDINGS INC. CIK: 1706509 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001683168-17-002967`
Period End Date	20170930
Filing Date	20171114
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	cosg-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 72 Cash Flow Statement 38 Stockholders Equity 9

Balance Sheet 50 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
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.58K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.15K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.20K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.52K	USD	Point-in-time
Amount due from a related party	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	219.22M	shares	Point-in-time
Amount due from a related party	`DueFromRelatedPartiesCurrent`	$63.79K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	429.85M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	219.22M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$46.28K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$38.18K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	429.85M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$47.86K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$122.17K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$108.52K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$124.16K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$172.02K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$230.69K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$75.30K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.70K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$69.53K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$41.31K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$7.73K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	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`	$75.13K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$172.56K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$12.87K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$13.19K	USD	Point-in-time
Obligation under finance leases	`FinanceLeaseLiabilityNoncurrent`	$48.63K	USD	Point-in-time
Obligation under finance leases	`FinanceLeaseLiabilityNoncurrent`	$33.33K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$61.50K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$46.52K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$219.08K	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 September 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 September 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$219.22K	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-183.83K	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-418.24K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$35.39K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$11.61K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$172.02K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$230.69K	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$292.94K	USD	1 Quarter
Revenues, net	`Revenues`	$572.33K	USD	3 Qtrs
Revenues, net	`Revenues`	$90.52K	USD	1 Quarter
Revenues, net	`Revenues`	$276.30K	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$212.91K	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$180.62K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$381.60K	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$44.87K	USD	1 Quarter
Gross profit	`GrossProfit`	$190.73K	USD	3 Qtrs
Gross profit	`GrossProfit`	$45.65K	USD	1 Quarter
Gross profit	`GrossProfit`	$63.39K	USD	3 Qtrs
Gross profit	`GrossProfit`	$112.33K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$63.10K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$202.40K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$282.16K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$189.94K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$282.16K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$202.40K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$63.10K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$189.94K	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-218.77K	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$791.00	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$49.23K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-156.75K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.70K	USD	3 Qtrs
Interest expense	`InterestExpense`	$567.00	USD	1 Quarter
Interest expense	`InterestExpense`	$563.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.69K	USD	3 Qtrs
Other income	`OtherIncome`	$105.00	USD	1 Quarter
Other income	`OtherIncome`	$1.00	USD	1 Quarter
Other income	`OtherIncome`	$111.00	USD	3 Qtrs
Other income	`OtherIncome`	$143.00	USD	3 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-562.00	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-462.00	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-1.59K	USD	3 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-1.54K	USD	3 Qtrs
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-754.00	USD	3 Qtrs
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-157.21K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$48.66K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-220.36K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$8.05K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$7.79K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.58K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$454.00	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-221.94K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$40.87K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-157.66K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-8.81K	USD	3 Qtrs
- Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	3 Qtrs
- Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
- Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
- Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	3 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$40.87K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-8.81K	USD	3 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-157.66K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-221.94K	USD	3 Qtrs
Net income (loss) per share - Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per share - Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per share - Basic	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net income (loss) per share - Basic	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net income (loss) per share - Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income (loss) per share - Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income (loss) per share - Diluted	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Net income (loss) per share - Diluted	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	328.41M	shares	3 Qtrs
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	219.22M	shares	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	429.85M	shares	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	219.22M	shares	3 Qtrs
Weighted average common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	429.85M	shares	1 Quarter
Weighted average common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	328.41M	shares	3 Qtrs
Weighted average common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	219.22M	shares	3 Qtrs
Weighted average common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	219.22M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-221.94K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$40.87K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-157.66K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.81K	USD	3 Qtrs
Depreciation of property, plant and equipment	`Depreciation`	$14.88K	USD	3 Qtrs
Depreciation of property, plant and equipment	`Depreciation`	$4.99K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$4.96K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$14.97K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-35.85K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.10K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$61.60K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.05K	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	-	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	$7.73K	USD	3 Qtrs
Deferred tax liabilities	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.58K	USD	3 Qtrs
Deferred tax liabilities	`IncreaseDecreaseInDeferredIncomeTaxes`	$-321.00	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-173.59K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$83.82K	USD	3 Qtrs
(Repayment to) advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-49.79K	USD	3 Qtrs
(Repayment to) advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$191.06K	USD	3 Qtrs
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$15.09K	USD	3 Qtrs
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$15.42K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$175.97K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-65.21K	USD	3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.38K	USD	3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.61K	USD	3 Qtrs
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.58K	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.15K	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$20.20K	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$6.52K	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`	$20.20K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$6.52K	USD	Point-in-time
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$1.70K	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$1.69K	USD	3 Qtrs

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$35.39K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$11.61K	USD	Point-in-time
Shares issued for acquisition, value	`StockIssuedDuringPeriodValueAcquisitions`	$-14.98K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-221.94K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$40.87K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-157.66K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.81K	USD	3 Qtrs
Ending balance, value	`StockholdersEquity`	$35.39K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$11.61K	USD	Point-in-time

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