10-K Filing

COSMOS GROUP HOLDINGS INC. CIK: 1706509 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001683168-18-000751`
Period End Date	20171231
Filing Date	20180323
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	cosg-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 34 Cash Flow Statement 36 Stockholders Equity 10

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.58K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$99.58K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.15K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$46.28K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Purchase deposits	`DepositsAssetsCurrent`	-	USD	Point-in-time
Purchase deposits	`DepositsAssetsCurrent`	$194.85K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deposit and prepayment	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposit and prepayment	`PrepaidExpenseAndOtherAssetsCurrent`	$75.81K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$47.86K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$370.25K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.96M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.49M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$103.56K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.49M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.96M	shares	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`	$473.81K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.70K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$33.96K	USD	Point-in-time
Amount due to a director	`AccountsPayableRelatedPartiesCurrent`	$378.26K	USD	Point-in-time
Amount due to a director	`AccountsPayableRelatedPartiesCurrent`	$41.31K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$98.67K	USD	Point-in-time
Current portion of obligation under finance leases	`FinanceLeaseLiabilityCurrent`	$20.00K	USD	Point-in-time
Current portion of obligation under finance leases	`FinanceLeaseLiabilityCurrent`	$20.12K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$14.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$75.13K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$545.39K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$13.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$12.87K	USD	Point-in-time
Obligation under finance leases	`FinanceLeaseLiabilityNoncurrent`	$48.63K	USD	Point-in-time
Obligation under finance leases	`FinanceLeaseLiabilityNoncurrent`	$28.33K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$61.50K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$41.33K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$136.63K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$586.72K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 30,000,000 shares authorized; no preferred stock issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 30,000,000 shares authorized; no preferred stock issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 2,000,000,000 shares authorized; 21,492,933 and 10,961,147 shares issued and outstanding as of December 31, 2017 and 2016, respectively	`CommonStockValue`	$10.96K	USD	Point-in-time
Common stock, $0.001 par value; 2,000,000,000 shares authorized; 21,492,933 and 10,961,147 shares issued and outstanding as of December 31, 2017 and 2016, respectively	`CommonStockValue`	$21.49K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.29K	USD	Point-in-time
(Accumulated losses) Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.43K	USD	Point-in-time
(Accumulated losses) Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-129.10K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$35.39K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$16.23K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$-112.91K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY	`LiabilitiesAndStockholdersEquity`	$172.02K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY	`LiabilitiesAndStockholdersEquity`	$473.81K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$443.80K	USD	Annual
Revenues, net	`Revenues`	$773.47K	USD	Annual
Cost of revenue	`CostOfRevenue`	$289.40K	USD	Annual
Cost of revenue	`CostOfRevenue`	$510.20K	USD	Annual
Gross profit	`GrossProfit`	$263.26K	USD	Annual
Gross profit	`GrossProfit`	$154.39K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$131.11K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$374.09K	USD	Annual
Total operating expenses	`OperatingExpenses`	$131.11K	USD	Annual
Total operating expenses	`OperatingExpenses`	$374.09K	USD	Annual
(Loss) income from operations	`OperatingIncomeLoss`	$-110.83K	USD	Annual
(Loss) income from operations	`OperatingIncomeLoss`	$23.28K	USD	Annual
Interest expense	`InterestExpense`	$2.27K	USD	Annual
Interest expense	`InterestExpense`	$2.25K	USD	Annual
Interest income	`InterestIncomeOther`	$4.00	USD	Annual
Interest income	`InterestIncomeOther`	$2.00	USD	Annual
Other income	`OtherIncome`	$110.00	USD	Annual
Other income	`OtherIncome`	$141.00	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-2.11K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-2.15K	USD	Annual
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-112.93K	USD	Annual
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.13K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$14.71K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$1.96K	USD	Annual
NET (LOSS) INCOME	`NetIncomeLoss`	$19.17K	USD	Annual
NET (LOSS) INCOME	`NetIncomeLoss`	$-127.64K	USD	Annual
- Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	Annual
- Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-5.29K	USD	Annual
COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$-132.94K	USD	Annual
COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$19.17K	USD	Annual
Net (loss) income per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Net (loss) income per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average common shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.68M	shares	Annual
Weighted average common shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.96M	shares	Annual

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$19.17K	USD	Annual
Net (loss) income	`NetIncomeLoss`	$-127.64K	USD	Annual
Depreciation of property, plant and equipment	`Depreciation`	$19.96K	USD	Annual
Depreciation of property, plant and equipment	`Depreciation`	$19.83K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.89K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-46.28K	USD	Annual
Purchase deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	Annual
Purchase deposits	`IncreaseDecreaseInDepositOtherAssets`	$194.85K	USD	Annual
Deposit and prepayment	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	Annual
Deposit and prepayment	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$75.81K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.74K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$20.26K	USD	Annual
Increase in tax payable	`IncreaseDecreaseInIncomeTaxes`	$14.50K	USD	Annual
Increase in tax payable	`IncreaseDecreaseInIncomeTaxes`	-	USD	Annual
Deferred tax liabilities	`IncreaseDecreaseInDeferredIncomeTaxes`	$-129.00	USD	Annual
Deferred tax liabilities	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.96K	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-297.30K	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$43.94K	USD	Annual
Advance from (repayments to) related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$415.73K	USD	Annual
Advance from (repayments to) related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-26.38K	USD	Annual
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$20.42K	USD	Annual
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$20.12K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$395.30K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-46.51K	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$98.00K	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.57K	USD	Annual
BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.58K	USD	Point-in-time
BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$99.58K	USD	Point-in-time
BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$4.15K	USD	Point-in-time
END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.58K	USD	Point-in-time
END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$99.58K	USD	Point-in-time
END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$4.15K	USD	Point-in-time
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	$2.27K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$2.25K	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value (restated)	`StockholdersEquity`	$35.39K	USD	Point-in-time
Beginning balance, value (restated)	`StockholdersEquity`	$16.23K	USD	Point-in-time
Beginning balance, value (restated)	`StockholdersEquity`	$-112.91K	USD	Point-in-time
Shares issued for acquisition, value	`StockIssuedDuringPeriodValueAcquisitions`	$-15.36K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-5.29K	USD	Annual
Net income (loss) for the year	`NetIncomeLoss`	$19.17K	USD	Annual
Net income (loss) for the year	`NetIncomeLoss`	$-127.64K	USD	Annual
Ending balance, value (restated)	`StockholdersEquity`	$35.39K	USD	Point-in-time
Ending balance, value (restated)	`StockholdersEquity`	$16.23K	USD	Point-in-time
Ending balance, value (restated)	`StockholdersEquity`	$-112.91K	USD	Point-in-time

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