10-Q Filing

COSMOS GROUP HOLDINGS INC. CIK: 1706509 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001683168-19-001450`
Period End Date	20190331
Filing Date	20190510
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	cosg-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 36 Cash Flow Statement 44 Stockholders Equity 10

Balance Sheet 58 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`	$3.06K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.59M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$65.47K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$54.10K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$68.53K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$66.25K	USD	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.49M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.49M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$78.77K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$83.73K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$147.29K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$149.97K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$49.68K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$44.04K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$195.51K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$150.08K	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`	$16.34K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$230.45K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$281.54K	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`	$8.33K	USD	Point-in-time
Obligation under finance leases	`FinanceLeaseLiabilityNoncurrent`	$3.33K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$16.33K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$21.33K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$297.87K	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
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, 2019 and December 31, 2018, respectively	`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, 2019 and December 31, 2018, respectively	`CommonStockValue`	$21.49K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-123.31K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-172.07K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-150.58K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-112.91K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-101.81K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-264.14K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$147.29K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$149.97K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$133.73K	USD	1 Quarter
REVENUE	`Revenues`	$128.00K	USD	1 Quarter
cost of revenue	`CostOfRevenue`	$92.67K	USD	1 Quarter
cost of revenue	`CostOfRevenue`	$119.33K	USD	1 Quarter
Gross profit	`GrossProfit`	$14.40K	USD	1 Quarter
Gross profit	`GrossProfit`	$35.33K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$83.54K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$165.17K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$83.54K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$165.17K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-48.20K	USD	1 Quarter
LOSS 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`	$563.00	USD	1 Quarter
Sundry income	`OtherIncome`	$100.00	USD	1 Quarter
Sundry income	`OtherIncome`	-	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-462.00	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-562.00	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-48.77K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-151.24K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-151.24K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-48.77K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-151.24K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-48.77K	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`	21.49M	shares	1 Quarter
Weighted average common shares outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.49M	shares	1 Quarter
Weighted average common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.49M	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`	$-151.24K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-48.77K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$20.14K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$4.96K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.96K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.37K	USD	1 Quarter
Purchase deposit	`IncreaseDecreaseInDepositsOutstanding`	$8.68M	USD	1 Quarter
Purchase deposit	`IncreaseDecreaseInDepositsOutstanding`	-	USD	1 Quarter
Deposits and prepayments	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.15K	USD	1 Quarter
Deposits and prepayments	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.65K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$502.65K	USD	1 Quarter
Customer deposit	`IncreaseDecreaseInCustomerDeposits`	$8.31M	USD	1 Quarter
Customer deposit	`IncreaseDecreaseInCustomerDeposits`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.01K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.53K	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 related parties	`ProceedsFromRelatedPartyDebt`	$45.44K	USD	1 Quarter
Advance from related parties	`ProceedsFromRelatedPartyDebt`	$36.65K	USD	1 Quarter
Advance from a director	`ProceedsFromOtherRelatedParty`	$111.50K	USD	1 Quarter
Advance from a director	`ProceedsFromOtherRelatedParty`	-	USD	1 Quarter
Proceeds from bank borrowing	`ProceedsFromBankDebt`	-	USD	1 Quarter
Proceeds from bank borrowing	`ProceedsFromBankDebt`	$1.50M	USD	1 Quarter
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$5.00K	USD	1 Quarter
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$5.00K	USD	1 Quarter
Net cash generated from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.64M	USD	1 Quarter
Net cash generated from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.44K	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.49M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.09K	USD	1 Quarter
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.06K	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$99.58K	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.59M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.06K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$99.58K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.59M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$563.00	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$563.00	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-150.58K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-112.91K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-101.81K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-264.14K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-151.24K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-48.77K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-150.58K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-112.91K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-101.81K	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.