10-K Filing

COSMOS GROUP HOLDINGS INC. CIK: 1706509 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001683168-19-000813`
Period End Date	20181231
Filing Date	20190328
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	cosg-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 40 Cash Flow Statement 48 Stockholders Equity 11

Balance Sheet 56 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
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.49M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.49M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.58K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$99.58K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$54.10K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.49M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.49M	shares	Point-in-time
Purchase deposits	`DepositsAssetsCurrent`	$194.85K	USD	Point-in-time
Purchase deposits	`DepositsAssetsCurrent`	-	USD	Point-in-time
Deposit and prepayment	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Deposit and prepayment	`PrepaidExpenseAndOtherAssetsCurrent`	$75.81K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$370.25K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$66.25K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$83.73K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$103.56K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$149.97K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$473.81K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$44.04K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$33.96K	USD	Point-in-time
Amount due to a director	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Amount due to a director	`AccountsPayableRelatedPartiesCurrent`	$378.26K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$150.08K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$98.67K	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`	$16.34K	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`	$230.45K	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`	$8.33K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$41.33K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$21.33K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$586.72K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$251.79K	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; 21,492,933 and 21,492,933 shares issued and outstanding as of December 31, 2018 and 2017, respectively	`CommonStockValue`	$21.49K	USD	Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized; 21,492,933 and 21,492,933 shares issued and outstanding as of December 31, 2018 and 2017, 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	`RetainedEarningsAccumulatedDeficit`	$-123.31K	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-129.10K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-112.91K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$35.39K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-101.81K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$473.81K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$149.97K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$773.47K	USD	Annual
Revenues, net	`Revenues`	$733.15K	USD	Annual
Cost of revenue	`CostOfRevenue`	$602.72K	USD	Annual
Cost of revenue	`CostOfRevenue`	$510.20K	USD	Annual
Gross profit	`GrossProfit`	$130.43K	USD	Annual
Gross profit	`GrossProfit`	$263.26K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$374.09K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$239.75K	USD	Annual
Total operating expenses	`OperatingExpenses`	$239.75K	USD	Annual
Total operating expenses	`OperatingExpenses`	$374.09K	USD	Annual
Loss from operation	`OperatingIncomeLoss`	$-110.83K	USD	Annual
Loss from operation	`OperatingIncomeLoss`	$-109.32K	USD	Annual
Gain from sale of subsidaries	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	Annual
Gain from sale of subsidaries	`GainOrLossOnSaleOfStockInSubsidiary`	$558.75K	USD	Annual
Interest expense	`InterestExpense`	$2.25K	USD	Annual
Interest expense	`InterestExpense`	$2.25K	USD	Annual
Interest income	`InterestIncomeOther`	$4.00	USD	Annual
Interest income	`InterestIncomeOther`	$4.00	USD	Annual
Other income	`OtherIncome`	$141.00	USD	Annual
Other income	`OtherIncome`	-	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$556.51K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-2.11K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$447.19K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-112.93K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$14.71K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$1.84K	USD	Annual
Income (loss) from continuing operation	`IncomeLossFromContinuingOperations`	$-127.64K	USD	Annual
Income (loss) from continuing operation	`IncomeLossFromContinuingOperations`	$445.35K	USD	Annual
Loss from discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	Annual
Loss from discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$-439.55K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-127.64K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$5.80K	USD	Annual
- Foreign currency translation income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-5.29K	USD	Annual
- Foreign currency translation income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$5.29K	USD	Annual
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-132.94K	USD	Annual
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$11.09K	USD	Annual
Net income (loss) per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Net income (loss) 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`	21.49M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-127.64K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$5.80K	USD	Annual
Depreciation of property, plant and equipment	`Depreciation`	$19.83K	USD	Annual
Depreciation of property, plant and equipment	`Depreciation`	$19.83K	USD	Annual
Gain from sales of subsidaries	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	Annual
Gain from sales of subsidaries	`GainOrLossOnSaleOfStockInSubsidiary`	$558.75K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$54.10K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-46.28K	USD	Annual
Purchase deposits	`IncreaseDecreaseInDepositOtherAssets`	$194.85K	USD	Annual
Purchase deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	Annual
Deposit and prepayment	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$75.81K	USD	Annual
Deposit and prepayment	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.38K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$20.26K	USD	Annual
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	$14.50K	USD	Annual
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	$1.84K	USD	Annual
Deferred tax liabilities	`IncreaseDecreaseInDeferredIncomeTaxes`	$-129.00	USD	Annual
Deferred tax liabilities	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	Annual
Net cash used in operating activities from discontinued operation	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	Annual
Net cash used in operating activities from discontinued operation	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-93.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-666.99K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-297.30K	USD	Annual
Net cash used in investing activities from discontinued operation	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	Annual
Net cash used in investing activities from discontinued operation	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-113.95K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-113.95K	USD	Annual
Advance from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$415.73K	USD	Annual
Advance from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$736.83K	USD	Annual
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$20.42K	USD	Annual
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$20.00K	USD	Annual
Net cash used in financing activities from discontinued operation	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	Annual
Net cash used in financing activities from discontinued operation	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-22.78K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$694.04K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$395.30K	USD	Annual
Foreign currency translation adjustment	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	Annual
Foreign currency translation adjustment	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-537.00	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$98.00K	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-87.43K	USD	Annual
BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.58K	USD	Point-in-time
BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$99.58K	USD	Point-in-time
END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.58K	USD	Point-in-time
END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$99.58K	USD	Point-in-time
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	$2.25K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$2.25K	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-112.91K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$35.39K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-101.81K	USD	Point-in-time
Shares issued for acquisition, value	`StockIssuedDuringPeriodValueAcquisitions`	$-15.36K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$5.29K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-5.29K	USD	Annual
Net income (loss) for the year	`NetIncomeLoss`	$-127.64K	USD	Annual
Net income (loss) for the year	`NetIncomeLoss`	$5.80K	USD	Annual
Ending balance, value	`StockholdersEquity`	$-112.91K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$35.39K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-101.81K	USD	Point-in-time

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