10-K Filing

COSMOS GROUP HOLDINGS INC. CIK: 1706509 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001683168-20-001310`
Period End Date	20191231
Filing Date	20200429
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	cosg-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 44 Cash Flow Statement 48 Stockholders Equity 10

Balance Sheet 53 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$99.58K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.54M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.82K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.54M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.49M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$54.10K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$64.57K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$93.39K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$66.25K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$47.51K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$83.73K	USD	Point-in-time
Assets classified as discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$31.16K	USD	Point-in-time
Assets classified as discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$172.06K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$149.97K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$71.22K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$44.04K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$416.23K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$150.08K	USD	Point-in-time
Lease liability	`FinanceLeaseLiabilityCurrent`	$20.00K	USD	Point-in-time
Lease liability	`FinanceLeaseLiabilityCurrent`	$8.33K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$11.96K	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`	$507.74K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$13.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$7.84K	USD	Point-in-time
Lease liability	`FinanceLeaseLiabilityNoncurrent`	$8.33K	USD	Point-in-time
Lease liability	`FinanceLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$7.84K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$21.33K	USD	Point-in-time
Liabilities classified as discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	-	USD	Point-in-time
Liabilities classified as discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$46.27K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$251.79K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$561.85K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized; 21,536,933 and 21,492,933 shares issued and outstanding as of December 31, 2019 and 2018, respectively	`CommonStockValue`	$21.49K	USD	Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized; 21,536,933 and 21,492,933 shares issued and outstanding as of December 31, 2019 and 2018, respectively	`CommonStockValue`	$21.54K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$395.52K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-123.31K	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-806.84K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-112.91K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-389.79K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-101.81K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$172.06K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$149.97K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$671.29K	USD	Annual
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$733.15K	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$570.23K	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$602.72K	USD	Annual
Gross profit	`GrossProfit`	$101.06K	USD	Annual
Gross profit	`GrossProfit`	$130.43K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$239.75K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$780.58K	USD	Annual
Total operating expenses	`OperatingExpenses`	$239.75K	USD	Annual
Total operating expenses	`OperatingExpenses`	$780.58K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-679.51K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-109.32K	USD	Annual
Gain from the sale of subsidaries	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	Annual
Gain from the sale of subsidaries	`GainOrLossOnSaleOfStockInSubsidiary`	$558.75K	USD	Annual
Gain on disposal of plant and equipment	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Gain on disposal of plant and equipment	`GainLossOnDispositionOfAssets1`	$8.41K	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`	$2.00	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$6.17K	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$556.51K	USD	Annual
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-673.35K	USD	Annual
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$447.19K	USD	Annual
Income tax credit (expense)	`IncomeTaxExpenseBenefit`	$-4.92K	USD	Annual
Income tax credit (expense)	`IncomeTaxExpenseBenefit`	$1.84K	USD	Annual
(Loss) income from continuing operations	`IncomeLossFromContinuingOperations`	$445.35K	USD	Annual
(Loss) income from continuing operations	`IncomeLossFromContinuingOperations`	$-668.43K	USD	Annual
Loss from discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$-439.55K	USD	Annual
Loss from discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$-15.10K	USD	Annual
NET (LOSS) INCOME	`NetIncomeLoss`	$5.80K	USD	Annual
NET (LOSS) INCOME	`NetIncomeLoss`	$-683.54K	USD	Annual
- Foreign currency translation income	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$5.29K	USD	Annual
- Foreign currency translation income	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	Annual
COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$-683.54K	USD	Annual
COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$11.09K	USD	Annual
Net (loss) income per share - Continuing operations - Basic and Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.03	USD	Annual
Net (loss) income per share - Continuing operations - Basic and Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.02	USD	Annual
Net (loss) income per share - Discontinued operations - Basic and Diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.02	USD	Annual
Net (loss) income per share - Discontinued operations - Basic and Diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	Annual
Net (loss) income per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Net (loss) income per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average common shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.49M	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 (loss) income	`NetIncomeLoss`	$5.80K	USD	Annual
Net (loss) income	`NetIncomeLoss`	$-683.54K	USD	Annual
Depreciation of plant and equipment	`Depreciation`	$18.35K	USD	Annual
Depreciation of plant and equipment	`Depreciation`	$19.83K	USD	Annual
Gain from the sales of subsidaries	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	Annual
Gain from the sales of subsidaries	`GainOrLossOnSaleOfStockInSubsidiary`	$558.75K	USD	Annual
Gain on disposal of plant and equipment	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Gain on disposal of plant and equipment	`GainLossOnDispositionOfAssets1`	$8.41K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	-	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$395.56K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$54.10K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.47K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.38K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$27.18K	USD	Annual
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	$-9.54K	USD	Annual
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	$1.84K	USD	Annual
Net cash used in operating activities from discontinued operation	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-8.93K	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`	$-275.17K	USD	Annual
Proceeds from disposal of plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$26.28K	USD	Annual
Proceeds from disposal of plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Net cash used in investing activities from discontinued operation	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-19.67K	USD	Annual
Net cash used in investing activities from discontinued operation	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-113.95K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-113.95K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.61K	USD	Annual
Advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$736.83K	USD	Annual
Advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$266.15K	USD	Annual
Repayment of lease liability	`RepaymentsOfLongTermCapitalLeaseObligations`	$20.00K	USD	Annual
Repayment of lease liability	`RepaymentsOfLongTermCapitalLeaseObligations`	$20.00K	USD	Annual
Net cash provided by (used in) financing activities from discontinued operation	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-22.78K	USD	Annual
Net cash provided by (used in) financing activities from discontinued operation	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$43.70K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$694.04K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$289.86K	USD	Annual
Foreign currency translation adjustment	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-537.00	USD	Annual
Foreign currency translation adjustment	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$16.67K	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-87.43K	USD	Annual
BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$99.58K	USD	Point-in-time
BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$28.82K	USD	Point-in-time
END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$99.58K	USD	Point-in-time
END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$28.82K	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 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-112.91K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-389.79K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-101.81K	USD	Point-in-time
Shares issued for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$395.56K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$5.29K	USD	Annual
Net income (loss) for the year	`NetIncomeLoss`	$5.80K	USD	Annual
Net income (loss) for the year	`NetIncomeLoss`	$-683.54K	USD	Annual
Ending balance, value	`StockholdersEquity`	$-112.91K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-389.79K	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.