10-Q Filing

COSMOS GROUP HOLDINGS INC. CIK: 1706509 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001683168-18-001307`
Period End Date	20180331
Filing Date	20180514
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	cosg-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 36 Cash Flow Statement 44 Stockholders Equity 6

Balance Sheet 68 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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$85.09K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$99.58K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.50M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.96K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Purchase deposits	`DepositsAssetsCurrent`	$194.85K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.49M	shares	Point-in-time
Purchase deposits	`DepositsAssetsCurrent`	$8.88M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.49M	shares	Point-in-time
Deposit and prepayment	`PrepaidExpenseAndOtherAssetsCurrent`	$75.81K	USD	Point-in-time
Deposit and prepayment	`PrepaidExpenseAndOtherAssetsCurrent`	$77.96K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.49M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.49M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$10.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$370.25K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$103.56K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$229.30K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$473.81K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$10.77M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$536.61K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$33.96K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$378.26K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$489.76K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$135.32K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$98.67K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	-	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$8.31M	USD	Point-in-time
Bank borrowing	`BankLoans`	$1.50M	USD	Point-in-time
Bank borrowing	`BankLoans`	-	USD	Point-in-time
Current portion of obligation under finance lease	`FinanceLeaseLiabilityCurrent`	$20.00K	USD	Point-in-time
Current portion of obligation under finance lease	`FinanceLeaseLiabilityCurrent`	$20.00K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$14.50K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$14.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.00M	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`	$13.00K	USD	Point-in-time
Obligation under finance leases	`FinanceLeaseLiabilityNoncurrent`	$28.33K	USD	Point-in-time
Obligation under finance leases	`FinanceLeaseLiabilityNoncurrent`	$23.33K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$36.33K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$41.33K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$586.72K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$11.04M	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 shares issued and outstanding as of March 31, 2018 and December 31, 2017	`CommonStockValue`	$21.49K	USD	Point-in-time
Common stock, $0.001 par value; 2,000,000,000 shares authorized; 21,492,933 shares issued and outstanding as of March 31, 2018 and December 31, 2017	`CommonStockValue`	$21.49K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.29K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.29K	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-129.10K	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-280.34K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-112.91K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-264.14K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$10.77M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$473.81K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$91.72K	USD	1 Quarter
Revenues, net	`Revenues`	$133.73K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$75.59K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$119.33K	USD	1 Quarter
Gross profit	`GrossProfit`	$14.40K	USD	1 Quarter
Gross profit	`GrossProfit`	$16.13K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.65K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$165.17K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$165.17K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$15.65K	USD	1 Quarter
(LOSS) INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$481.00	USD	1 Quarter
(LOSS) INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$-150.78K	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$1.00	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$1.00	USD	1 Quarter
Interest expense	`InterestExpense`	$563.00	USD	1 Quarter
Interest expense	`InterestExpense`	$566.00	USD	1 Quarter
Sundry income	`OtherIncome`	$100.00	USD	1 Quarter
Sundry income	`OtherIncome`	$142.00	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-423.00	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-462.00	USD	1 Quarter
(LOSS) INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$58.00	USD	1 Quarter
(LOSS) INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-151.24K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$209.00	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-151.00	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-151.24K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-151.24K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-151.00	USD	1 Quarter
Net loss per share - Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share - Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share - Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per share - Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.96M	shares	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.49M	shares	1 Quarter
Weighted average common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.96M	shares	1 Quarter
Weighted average common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.49M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-151.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-151.24K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$4.99K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$20.14K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.96K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-39.74K	USD	1 Quarter
Purchase deposits	`IncreaseDecreaseInDepositOtherAssets`	$8.68M	USD	1 Quarter
Purchase deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	1 Quarter
Deposits and prepayments	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	1 Quarter
Deposits and prepayments	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.15K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.27K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$502.65K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$8.31M	USD	1 Quarter
Net cash (used in) generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$46.85K	USD	1 Quarter
Net cash (used in) generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.01K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$145.88K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-145.88K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Advance from a related party	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Advance from a related party	`ProceedsFromRelatedPartyDebt`	$36.65K	USD	1 Quarter
Advance from (repayment to) a director	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-11.61K	USD	1 Quarter
Advance from (repayment to) a director	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$111.50K	USD	1 Quarter
Proceeds from bank borrowing	`ProceedsFromBankDebt`	$1.50M	USD	1 Quarter
Proceeds from bank borrowing	`ProceedsFromBankDebt`	-	USD	1 Quarter
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$5.03K	USD	1 Quarter
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$5.00K	USD	1 Quarter
Net cash generated from (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.64K	USD	1 Quarter
Net cash generated from (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.64M	USD	1 Quarter
Net change in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.49M	USD	1 Quarter
Net change in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$30.21K	USD	1 Quarter
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$99.58K	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.59M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.58K	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.79K	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$99.58K	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.59M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.58K	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.79K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$563.00	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$566.00	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-112.91K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-264.14K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-151.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-151.24K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-112.91K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-264.14K	USD	Point-in-time

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