10-K Filing

KING RESOURCES, INC. CIK: 774415 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001683168-22-004566`
Period End Date	20220331
Filing Date	20220624
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	king_i10k-033122_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 40 Cash Flow Statement 46 Stockholders Equity 10

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	85.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	85.00M	shares	Point-in-time
Preferred Stock, Shares Undesignated	`PreferredStockSharesAuthorizedUndesignated`	35.00M	shares	Point-in-time
Preferred Stock, Shares Undesignated	`PreferredStockSharesAuthorizedUndesignated`	35.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.86K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.46K	USD	Point-in-time
Accounts receivable, related party	`AccountsReceivableRelatedPartiesCurrent`	$38.59K	USD	Point-in-time
Accounts receivable, related party	`AccountsReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Inventories	`InventoryNet`	$8.42K	USD	Point-in-time
Inventories	`InventoryNet`	$17.62K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	6.00B	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	6.00B	shares	Point-in-time
Deposits, prepayments and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$58.79K	USD	Point-in-time
Deposits, prepayments and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$18.02K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	4.81B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$91.27K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	4.81B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$107.49K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	4.81B	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	4.81B	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$5.21K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$31.80K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$72.13K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$21.35K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$19.47K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$96.81K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$53.15K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$188.07K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$160.64K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$165.39K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$11.90K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$1.68M	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$1.80M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiabilityCurrent`	$32.70K	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiabilityCurrent`	$38.70K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.84M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$33.72K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.84M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.92M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.001, 6,000,000,000 shares authorized, 4,807,802,061 shares issued and outstanding at March 31, 2022 and 2021, respectively	`CommonStockValue`	$4.81M	USD	Point-in-time
Common stock, par value $0.001, 6,000,000,000 shares authorized, 4,807,802,061 shares issued and outstanding at March 31, 2022 and 2021, respectively	`CommonStockValue`	$4.81M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.41K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.11K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.57M	USD	Point-in-time
Stockholders deficit	`StockholdersEquity`	$-1.73M	USD	Point-in-time
Stockholders deficit	`StockholdersEquity`	$-1.56M	USD	Point-in-time
Stockholders deficit	`StockholdersEquity`	$-1.68M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$188.07K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$160.64K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue, net	`Revenues`	$385.41K	USD	Annual
Revenue, net	`Revenues`	$77.39K	USD	Annual
Cost of revenue	`CostOfRevenue`	$40.55K	USD	Annual
Cost of revenue	`CostOfRevenue`	$68.05K	USD	Annual
Gross profit	`GrossProfit`	$317.36K	USD	Annual
Gross profit	`GrossProfit`	$36.83K	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$94.97K	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$59.38K	USD	Annual
Sales and marketing expenses	`SellingAndMarketingExpense`	-	USD	Annual
Sales and marketing expenses	`SellingAndMarketingExpense`	$915.00	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$78.71K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$317.23K	USD	Annual
Total operating expenses	`OperatingExpenses`	$173.67K	USD	Annual
Total operating expenses	`OperatingExpenses`	$377.53K	USD	Annual
Loss from operation	`OperatingIncomeLoss`	$-60.17K	USD	Annual
Loss from operation	`OperatingIncomeLoss`	$-136.84K	USD	Annual
Subsidy income	`OtherNonoperatingIncome`	$3.48K	USD	Annual
Subsidy income	`OtherNonoperatingIncome`	-	USD	Annual
Sundry income	`OtherIncome`	$26.00	USD	Annual
Sundry income	`OtherIncome`	-	USD	Annual
Total other income	`NonoperatingIncomeExpense`	-	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$3.51K	USD	Annual
LOSS BEFORE INCOME TAXES	`ProfitLoss`	$-133.33K	USD	Annual
LOSS BEFORE INCOME TAXES	`ProfitLoss`	$-60.17K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-60.17K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-133.33K	USD	Annual
Foreign currency adjustment gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$4.65K	USD	Annual
Foreign currency adjustment gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$11.30K	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-128.69K	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-48.86K	USD	Annual
Basic	`EarningsPerShareBasic`	-	USD	Annual
Basic	`EarningsPerShareBasic`	-	USD	Annual
Diluted	`EarningsPerShareDiluted`	-	USD	Annual
Diluted	`EarningsPerShareDiluted`	-	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.81B	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.81B	shares	Annual
Diluted#	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.81B	shares	Annual
Diluted#	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.81B	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-60.17K	USD	Annual
Net loss	`NetIncomeLoss`	$-133.33K	USD	Annual
Depreciation	`OtherDepreciationAndAmortization`	$38.48K	USD	Annual
Depreciation	`OtherDepreciationAndAmortization`	$38.69K	USD	Annual
Amortization	`AdjustmentForAmortization`	-	USD	Annual
Amortization	`AdjustmentForAmortization`	$4.31K	USD	Annual
Non-cash lease expenses	`OtherNoncashExpense`	$1.37K	USD	Annual
Non-cash lease expenses	`OtherNoncashExpense`	$2.61K	USD	Annual
Accounts receivable, related party	`IncreaseDecreaseInAccountsReceivable`	$38.59K	USD	Annual
Accounts receivable, related party	`IncreaseDecreaseInAccountsReceivable`	$-38.54K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$8.42K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$9.25K	USD	Annual
Deposit, prepayments and other receivables	`IncreaseDecreaseInPrepaidExpense`	$9.02K	USD	Annual
Deposit, prepayments and other receivables	`IncreaseDecreaseInPrepaidExpense`	$41.14K	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$153.64K	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$1.41K	USD	Annual
Right-of-use assets and lease liabilities	`IncreaseDecreaseInRightofuseAssetsAndLeaseLiabilities`	$39.87K	USD	Annual
Right-of-use assets and lease liabilities	`IncreaseDecreaseInRightofuseAssetsAndLeaseLiabilities`	$40.24K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-187.11K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$86.11K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.54K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Addition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.55K	USD	Annual
Addition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$13.10K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.09K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.10K	USD	Annual
Advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-103.65K	USD	Annual
Advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$220.42K	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$220.42K	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-103.65K	USD	Annual
Foreign currency translation adjustment	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.97K	USD	Annual
Foreign currency translation adjustment	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.64K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-27.60K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$24.86K	USD	Annual
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.86K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$42.46K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.60K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.86K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$42.46K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.60K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Lease obligation and Right-of-use asset	`LeaseObligationAndRightOfUseAsset`	$78.69K	USD	Annual
Lease obligation and Right-of-use asset	`LeaseObligationAndRightOfUseAsset`	-	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.73M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.56M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.68M	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$4.65K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$11.30K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-60.17K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-133.33K	USD	Annual
Ending balance, value	`StockholdersEquity`	$-1.73M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.56M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.68M	USD	Point-in-time

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