10-Q Filing

COSMOS GROUP HOLDINGS INC. CIK: 1706509 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001683168-18-002369`
Period End Date	20180630
Filing Date	20180816
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	cosg-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 68 Cash Flow Statement 52

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.34K	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.55M	USD	Point-in-time
Restricted cash	`RestrictedCash`	-	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
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.26K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.49M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.49M	shares	Point-in-time
Purchase deposits	`DepositsAssetsCurrent`	$194.85K	USD	Point-in-time
Purchase deposits	`DepositsAssetsCurrent`	$8.85M	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
Deposit and prepayment	`PrepaidExpenseAndOtherAssetsCurrent`	$75.81K	USD	Point-in-time
Deposit and prepayment	`PrepaidExpenseAndOtherAssetsCurrent`	$407.49K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$370.25K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.83M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$218.65K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$103.56K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$473.81K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$11.05M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$763.22K	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`	$603.98K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$98.67K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$169.68K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$8.47M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	-	USD	Point-in-time
Bank borrowing	`BankLoans`	-	USD	Point-in-time
Bank borrowing	`BankLoans`	$1.54M	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`	$545.39K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.58M	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`	$18.33K	USD	Point-in-time
Obligation under finance leases	`FinanceLeaseLiabilityNoncurrent`	$28.33K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$31.33K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$41.33K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$11.62M	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 shares issued and outstanding as of June 30, 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 June 30, 2018 and December 31, 2017	`CommonStockValue`	$21.49K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.29K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.99K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-129.10K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-586.09K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-562.61K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-112.91K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$473.81K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$11.05M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$225.15K	USD	1 Quarter
REVENUE	`Revenues`	$187.66K	USD	1 Quarter
REVENUE	`Revenues`	$279.38K	USD	2 Qtrs
REVENUE	`Revenues`	$358.87K	USD	2 Qtrs
COST OF REVENUESe	`CostOfRevenue`	$200.98K	USD	2 Qtrs
COST OF REVENUESe	`CostOfRevenue`	$342.28K	USD	2 Qtrs
COST OF REVENUESe	`CostOfRevenue`	$222.95K	USD	1 Quarter
COST OF REVENUESe	`CostOfRevenue`	$125.39K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.20K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$62.27K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$16.59K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$78.40K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$307.40K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$80.62K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$472.57K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$126.84K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$307.40K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$126.84K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$472.57K	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`	$-305.20K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-455.98K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-18.35K	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$16.00	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	-	USD	1 Quarter
Interest income	`InterestIncomeOperating`	-	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	$15.00	USD	1 Quarter
Interest expense	`InterestExpense`	$562.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.12K	USD	2 Qtrs
Interest expense	`InterestExpense`	$560.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.12K	USD	2 Qtrs
Sundry income	`OtherIncome`	$100.00	USD	2 Qtrs
Sundry income	`OtherIncome`	-	USD	1 Quarter
Sundry income	`OtherIncome`	$142.00	USD	2 Qtrs
Sundry income	`OtherIncome`	-	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-1.01K	USD	2 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-547.00	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-983.00	USD	2 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-560.00	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-49.42K	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-18.91K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-456.99K	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-305.75K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$262.00	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$53.00	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-18.96K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-49.68K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-305.75K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-456.99K	USD	2 Qtrs
- Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
- Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-7.28K	USD	2 Qtrs
- Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
- Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-464.26K	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-305.75K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-49.68K	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-18.96K	USD	1 Quarter
Net loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Net loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	259.68M	shares	1 Quarter
Weighted average common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.49M	shares	1 Quarter
Weighted average common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	254.64M	shares	2 Qtrs
Weighted average common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.49M	shares	2 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-18.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.68K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-305.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-456.99K	USD	2 Qtrs
Depreciation of property, plant and equipment	`Depreciation`	$14.10K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$9.92K	USD	2 Qtrs
Depreciation of property, plant and equipment	`Depreciation`	$34.23K	USD	2 Qtrs
Depreciation of property, plant and equipment	`Depreciation`	$4.93K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.26K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-39.49K	USD	2 Qtrs
Purchase deposits	`IncreaseDecreaseInDepositOtherAssets`	$8.65M	USD	2 Qtrs
Purchase deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	2 Qtrs
Deposits and prepayments	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	2 Qtrs
Deposits and prepayments	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$331.68K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-33.92K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$729.27K	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$8.47M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.19K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-210.00K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$149.32K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-149.32K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Amount due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$78.29K	USD	2 Qtrs
Amount due to related parties	`IncreaseDecreaseInDueToRelatedParties`	-	USD	2 Qtrs
Amount due to a director	`IncreaseDecreaseInDueToOtherRelatedParties`	$225.72K	USD	2 Qtrs
Amount due to a director	`IncreaseDecreaseInDueToOtherRelatedParties`	$-145.02K	USD	2 Qtrs
Proceeds from bank borrowing	`ProceedsFromBankDebt`	-	USD	2 Qtrs
Proceeds from bank borrowing	`ProceedsFromBankDebt`	$1.50M	USD	2 Qtrs
Proceed from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceed from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$200.00K	USD	2 Qtrs
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$10.00K	USD	2 Qtrs
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$10.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.79M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$44.98K	USD	2 Qtrs
Effect on exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$45.50K	USD	2 Qtrs
Effect on exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.48M	USD	2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.79K	USD	2 Qtrs
BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.37K	USD	Point-in-time
BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.58K	USD	Point-in-time
BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$99.58K	USD	Point-in-time
BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.57M	USD	Point-in-time
END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.37K	USD	Point-in-time
END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.58K	USD	Point-in-time
END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$99.58K	USD	Point-in-time
END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.57M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.12K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$1.12K	USD	2 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

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